10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001580695-16-000453`
Period End Date	20160331
Filing Date	20160523
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	uvend-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 30 Cash Flow Statement 61

Balance Sheet 76 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
Cash	`Cash`	$139.68K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.20M	shares	Point-in-time
Cash	`Cash`	$73.40K	USD	Point-in-time
Cash	`Cash`	$45.21K	USD	Point-in-time
Cash	`Cash`	$78.99K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.15M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.15M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.20M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$13.50K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$3.81K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$46.98K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$59.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$79.55K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$56.63K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$208.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$270.01K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$747.30K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$750.07K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$17.19K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$16.02K	USD	Point-in-time
Other assets (net)	`OtherAssetsNoncurrent`	$70.01K	USD	Point-in-time
Other assets (net)	`OtherAssetsNoncurrent`	$157.61K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$260.40K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$238.70K	USD	Point-in-time
Goodwill	`Goodwill`	$642.34K	USD	Point-in-time
Goodwill	`Goodwill`	$642.34K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.74M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.81M	USD	Point-in-time
Total assets	`Assets`	$2.01M	USD	Point-in-time
Total assets	`Assets`	$2.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$254.95K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$324.51K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$156.48K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$152.21K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$164.07K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$121.08K	USD	Point-in-time
NHL sponsorship liability	`NhlSponsorshipLiabilityCurrent`	$439.19K	USD	Point-in-time
NHL sponsorship liability	`NhlSponsorshipLiabilityCurrent`	$317.00K	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`	$694.38K	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$624.31K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$372.50K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$641.76K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$479.58K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$744.81K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$752.35K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$90.78K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$104.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.29M	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorLongTermNotes`	$372.50K	USD	Point-in-time
Capital lease obligation, net of discount	`CapitalLeaseObligationsNoncurrent`	$207.70K	USD	Point-in-time
Capital lease obligation, net of discount	`CapitalLeaseObligationsNoncurrent`	$200.19K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$281.75K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$310.96K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$854.45K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$518.66K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.15M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 18,198,816 shares issued and outstanding (18,148,816 - 2015)	`CommonStockValue`	$18.20K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 18,198,816 shares issued and outstanding (18,148,816 - 2015)	`CommonStockValue`	$18.15K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.83M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.14M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$2.01M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$2.01M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$124.75K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$293.54K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$80.55K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$143.62K	USD	1 Quarter
Gross profit	`GrossProfit`	$44.20K	USD	1 Quarter
Gross profit	`GrossProfit`	$149.93K	USD	1 Quarter
Selling	`SellingExpense`	$153.70K	USD	1 Quarter
Selling	`SellingExpense`	$302.02K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$324.97K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$273.58K	USD	1 Quarter
[OperatingExpenses]	`OperatingExpenses`	$575.60K	USD	1 Quarter
[OperatingExpenses]	`OperatingExpenses`	$478.67K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-434.47K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-425.68K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`ChangeInFairValueOfNotesPayable`	$-24.99K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`ChangeInFairValueOfNotesPayable`	$-29.20K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$26.93K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$51.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$56.66K	USD	1 Quarter
Interest expense	`InterestExpense`	$46.34K	USD	1 Quarter
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$16.78K	USD	1 Quarter
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-8.41K	USD	1 Quarter
[Other Expenses]	`OtherExpenses`	$62.81K	USD	1 Quarter
[Other Expenses]	`OtherExpenses`	$56.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-490.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-488.48K	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	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`	18.20M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-490.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-488.48K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$42.65K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$10.13K	USD	1 Quarter
Gain on fair value of warrant liabilities	`ChangeInFairValueOfWarrantLiabilities`	$-29.20K	USD	1 Quarter
Gain on fair value of warrant liabilities	`ChangeInFairValueOfWarrantLiabilities`	$-19.59K	USD	1 Quarter
Common shares issued for lease obligation	`IssuanceOfCommonSharesToPayLeaseObligations`	$-14.11K	USD	1 Quarter
Common shares and warrants issued for services	`IssuanceOfCommonSharesForServices`	$-11.35K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$35.25K	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`	$26.93K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$51.80K	USD	1 Quarter
Accretion and fair value adjustment of liability for contingent consideration	`AccretionExpense`	$22.16K	USD	1 Quarter
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-8.41K	USD	1 Quarter
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$16.78K	USD	1 Quarter
Convertible notes payable fair value adjustment	`LossGainOnFairValueOfConvertibleDebt`	$-5.40K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$9.70K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$4.60K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$12.02K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$14.42K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-21.75K	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`	$187.48K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$40.51K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$19.37K	USD	1 Quarter
Amounts due to officers	`IncreaseDecreaseInAccruedSalaries`	$54.90K	USD	1 Quarter
Amounts due to officers	`IncreaseDecreaseInAccruedSalaries`	$70.07K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-148.46K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-84.65K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.90K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.02K	USD	1 Quarter
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.02K	USD	1 Quarter
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.90K	USD	1 Quarter
Proceeds from common stock warrant exercises	`ProceedsFromIssuanceOfCommonStock`	$40.00K	USD	1 Quarter
Proceeds from convertible notes, net of financing costs	`ProceedsFromConvertibleDebt`	$64.18K	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$178.80K	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$25.00K	USD	1 Quarter
Principal repayments of promissory notes	`RepaymentsOfNotesPayable`	$16.82K	USD	1 Quarter
Deferred financing costs paid	`PaymentOfFinancingAndStockIssuanceCosts`	$100.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$129.18K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$61.98K	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-28.19K	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-60.69K	USD	1 Quarter
Cash - beginning of period	`Cash`	$78.99K	USD	Point-in-time
Cash - beginning of period	`Cash`	$45.21K	USD	Point-in-time
Cash - beginning of period	`Cash`	$139.68K	USD	Point-in-time
Cash - beginning of period	`Cash`	$73.40K	USD	Point-in-time
Cash - end of period	`Cash`	$139.68K	USD	Point-in-time
Cash - end of period	`Cash`	$73.40K	USD	Point-in-time
Cash - end of period	`Cash`	$45.21K	USD	Point-in-time
Cash - end of period	`Cash`	$78.99K	USD	Point-in-time
Interest	`InterestPaid`	$15.00K	USD	1 Quarter
Interest	`InterestPaid`	$11.84K	USD	1 Quarter
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$2.09K	USD	1 Quarter
Issuance of common stock to satisfy capital lease obligation	`SettlementOfCapitalLeaseObligationWithCommonShares`	$68.18K	USD	1 Quarter
Issuance of common stocks and warrants as debt financing cost	`IssuanceOfCommonStocksAndWarrantsAsDebtFinancingCost`	$7.00K	USD	1 Quarter
Conversion of senior convertible notes into common stock	`DebtConversionConvertedInstrumentAmount1`	$5.00K	USD	1 Quarter
Equipment, inventory and coin financed with debt	`WarrantsIssuedForEquipmentInventoryAndCoinFinancedDebt`	$65.75K	USD	1 Quarter

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