10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001580695-15-000196`
Period End Date	20150331
Filing Date	20150520
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	uvend-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 29 Cash Flow Statement 65

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.15M	shares	Point-in-time
Cash	`Cash`	$17.90K	USD	Point-in-time
Cash	`Cash`	$45.21K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.33M	shares	Point-in-time
Cash	`Cash`	$14.62K	USD	Point-in-time
Cash	`Cash`	$73.40K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.15M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.60K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.33M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Inventory (net)	`InventoryNet`	$28.73K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$43.16K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$62.87K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$130.08K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.84K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$232.21K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$719.99K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$675.77K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$7.17K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$15.34K	USD	Point-in-time
Deferred financing costs (net)	`DeferredCosts`	$60.05K	USD	Point-in-time
Deferred financing costs (net)	`DeferredCosts`	$73.14K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$325.50K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$347.20K	USD	Point-in-time
Goodwill	`Goodwill`	$642.34K	USD	Point-in-time
Goodwill	`Goodwill`	$642.34K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.75M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.76M	USD	Point-in-time
Total assets	`Assets`	$1.92M	USD	Point-in-time
Total assets	`Assets`	$1.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$172.15K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$187.46K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$124.68K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$248.29K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$74.02K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$90.80K	USD	Point-in-time
Contingent consideration	`ContingentConsiderationCurrent`	$226.87K	USD	Point-in-time
Contingent consideration	`ContingentConsiderationCurrent`	$495.45K	USD	Point-in-time
Registration rights liability	`RegistrationRightsliabilityCurrent`	$22.16K	USD	Point-in-time
Registration rights liability	`RegistrationRightsliabilityCurrent`	$22.16K	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$380.44K	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$435.34K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$319.01K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$328.63K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$304.28K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$395.11K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$303.07K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$367.90K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$116.00K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$88.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.63M	USD	Point-in-time
Contingent consideration	`BusinessCombinationContingentConsiderationLiability`	$246.42K	USD	Point-in-time
Contingent consideration	`BusinessCombinationContingentConsiderationLiability`	-	USD	Point-in-time
Capital Lease obligation, net of discount	`CapitalLeaseObligationsNoncurrent`	$275.29K	USD	Point-in-time
Capital Lease obligation, net of discount	`CapitalLeaseObligationsNoncurrent`	$280.96K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$309.99K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$214.61K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$292.49K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$341.36K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$567.79K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$837.38K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.20M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 11,329,307 shares issued and outstanding (10,151,390 - 2014)	`CommonStockValue`	$10.15K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 11,329,307 shares issued and outstanding (10,151,390 - 2014)	`CommonStockValue`	$11.33K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.83M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.78M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-934.30K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.28M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$1.98M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$1.92M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$33.63K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$124.75K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$20.01K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$80.55K	USD	1 Quarter
Gross profit	`GrossProfit`	$44.20K	USD	1 Quarter
Gross profit	`GrossProfit`	$13.62K	USD	1 Quarter
Selling	`SellingExpense`	$153.70K	USD	1 Quarter
Selling	`SellingExpense`	$84.93K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$324.97K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$433.69K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$518.62K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$478.67K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-434.47K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-505.00K	USD	1 Quarter
(Gain) on the change in fair value of debt and warrant liabilities	`GainOnChangeInFairValueOfDebtAndWarrantLiabilities`	$24.99K	USD	1 Quarter
(Gain) on the change in fair value of debt and warrant liabilities	`GainOnChangeInFairValueOfDebtAndWarrantLiabilities`	$38.69K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$103.78K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$51.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.29K	USD	1 Quarter
Interest expense	`InterestExpense`	$46.34K	USD	1 Quarter
Unrealized gain on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$16.78K	USD	1 Quarter
[us-gaap:NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-85.38K	USD	1 Quarter
[us-gaap:NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-56.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-490.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-590.38K	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.68M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.35M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-490.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-590.38K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$57.09K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$10.13K	USD	1 Quarter
Gain on value of fair value of warrant liabilities	`ChangeInFairValueOfWarrantLiabilities`	$-19.59K	USD	1 Quarter
Gain on value of fair value of warrant liabilities	`ChangeInFairValueOfWarrantLiabilities`	$-38.69K	USD	1 Quarter
Change in fair value of convertible debt	`LossGainOnFairValueOfConvertibleDebt`	$-5.40K	USD	1 Quarter
Common shares issued for lease obligation	`IssuanceOfCommonSharesToPayLeaseObligations`	$-14.11K	USD	1 Quarter
Common shares and warrants issued for services	`IssuanceOfCommonSharesForServices`	$-212.57K	USD	1 Quarter
Common shares and warrants issued for services	`IssuanceOfCommonSharesForServices`	$-11.35K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$7.92K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$30.44K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$21.70K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$21.70K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$51.80K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$103.78K	USD	1 Quarter
Accretion of contingent consideration	`AccretionExpense`	$22.16K	USD	1 Quarter
Unrealized gain on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$16.78K	USD	1 Quarter
Conversion of accrued interest to common stock	`ConversionOfAccruedInterestToCommonStock`	$500.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.39K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.60K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$439.00	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$14.42K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-825.00	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-59.03K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$108.17K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$73.19K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$19.37K	USD	1 Quarter
Amounts due to officers	`IncreaseDecreaseInAccruedSalaries`	$54.90K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-148.46K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-153.30K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.11K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.90K	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesGross`	$-11.13K	USD	1 Quarter
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.90K	USD	1 Quarter
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$8.02K	USD	1 Quarter
Proceeds conversion of senior convertible debt	`ProceedsFromIssuanceOfSeniorConvertibleDebt`	$87.00K	USD	1 Quarter
Proceeds from common stock warrant exercises	`ProceedsFromIssuanceOfCommonStock`	$13.60K	USD	1 Quarter
Proceeds from common stock warrant exercises	`ProceedsFromIssuanceOfCommonStock`	$40.00K	USD	1 Quarter
Proceeds from convertible notes, net of financing costs	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$64.18K	USD	1 Quarter
Proceeds from convertible notes, net of financing costs	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$50.00K	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromConvertibleDebt`	$25.00K	USD	1 Quarter
Principal payments on promissory notes	`RepaymentsOfNotesPayable`	$2.04K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$148.56K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$129.18K	USD	1 Quarter
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$3.28K	USD	1 Quarter
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-28.19K	USD	1 Quarter
Cash - beginning of period	`Cash`	$45.21K	USD	Point-in-time
Cash - beginning of period	`Cash`	$73.40K	USD	Point-in-time
Cash - beginning of period	`Cash`	$14.62K	USD	Point-in-time
Cash - beginning of period	`Cash`	$17.90K	USD	Point-in-time
Cash - end of period	`Cash`	$14.62K	USD	Point-in-time
Cash - end of period	`Cash`	$73.40K	USD	Point-in-time
Cash - end of period	`Cash`	$17.90K	USD	Point-in-time
Cash - end of period	`Cash`	$45.21K	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	$3.33K	USD	1 Quarter
Cash paid for Interest	`InterestPaid`	$11.84K	USD	1 Quarter
Equipment financed with debt	`CashFlowNoncashInvestingAndFinancingActivitiesEquipmentFinancedWithDebt`	$65.75K	USD	1 Quarter
Equipment financed with debt	`CashFlowNoncashInvestingAndFinancingActivitiesEquipmentFinancedWithDebt`	$98.12K	USD	1 Quarter
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$132.55K	USD	1 Quarter
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$2.09K	USD	1 Quarter
Conversion of senior convertible debt into common stock	`DebtConversionConvertedInstrumentAmount3`	$5.00K	USD	1 Quarter
Common shares issued in settlement of capital lease obligation	`StockIssued1`	$68.18K	USD	1 Quarter
Acquisition of U-Vend, Inc. for issuance of shares and effective settlement of inter-company	`NetCashAcquiredAcquisition`	$808.35K	USD	1 Quarter
Issuance of promissory notes offsetting accrued expense	`NotesIssued1`	$57.81K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.