10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001580695-16-000637`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	uvend-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 62 Cash Flow Statement 78

Balance Sheet 77 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`	$60.41K	USD	Point-in-time
Cash	`Cash`	$199.13K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.15M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.59M	shares	Point-in-time
Cash	`Cash`	$73.40K	USD	Point-in-time
Cash	`Cash`	$139.68K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$3.81K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.59M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.15M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$16.16K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$62.62K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$46.98K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$48.07K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$79.55K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$270.01K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$325.98K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$717.06K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$747.30K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$17.39K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$16.02K	USD	Point-in-time
Other assets (net)	`OtherAssetsNoncurrent`	$151.02K	USD	Point-in-time
Other assets (net)	`OtherAssetsNoncurrent`	$70.01K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$217.00K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$260.40K	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`	$1.74M	USD	Point-in-time
Total assets	`Assets`	$2.07M	USD	Point-in-time
Total assets	`Assets`	$2.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$341.46K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$254.95K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$155.02K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$156.48K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$119.90K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$121.08K	USD	Point-in-time
NHL sponsorship liability	`NhlSponsorshipLiabilityCurrent`	$543.49K	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`	-	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$624.31K	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$227.08K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$372.50K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	-	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$403.68K	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`	$734.29K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$63.10K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$90.78K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.59M	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorLongTermNotes`	$371.76K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$742.36K	USD	Point-in-time
Capital lease obligation, net of discount	`CapitalLeaseObligationsNoncurrent`	$199.37K	USD	Point-in-time
Capital lease obligation, net of discount	`CapitalLeaseObligationsNoncurrent`	$207.70K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$222.02K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$310.96K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$518.66K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.70M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 21,589,992 shares issued and outstanding (18,148,816 - 2015)	`CommonStockValue`	$18.15K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 21,589,992 shares issued and outstanding (18,148,816 - 2015)	`CommonStockValue`	$21.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.89M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$2.07M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$2.01M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$675.02K	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$224.46K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$349.21K	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$381.48K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$215.27K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$322.49K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$178.87K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$134.72K	USD	1 Quarter
Gross profit	`GrossProfit`	$352.53K	USD	2 Qtrs
Gross profit	`GrossProfit`	$89.74K	USD	1 Quarter
Gross profit	`GrossProfit`	$202.61K	USD	1 Quarter
Gross profit	`GrossProfit`	$133.94K	USD	2 Qtrs
Selling	`SellingExpense`	$374.76K	USD	2 Qtrs
Selling	`SellingExpense`	$318.82K	USD	1 Quarter
Selling	`SellingExpense`	$221.06K	USD	1 Quarter
Selling	`SellingExpense`	$620.84K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$586.83K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$635.54K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$361.97K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$284.02K	USD	1 Quarter
Accretion and reversal of earn-out liability	`AccretionAndReversalOfEarnoutLiability`	$201.01K	USD	2 Qtrs
Accretion and reversal of earn-out liability	`AccretionAndReversalOfEarnoutLiability`	$223.17K	USD	1 Quarter
[OperatingExpenses]	`OperatingExpenses`	$1.26M	USD	2 Qtrs
[OperatingExpenses]	`OperatingExpenses`	$680.79K	USD	1 Quarter
[OperatingExpenses]	`OperatingExpenses`	$281.90K	USD	1 Quarter
[OperatingExpenses]	`OperatingExpenses`	$760.57K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-192.16K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-903.86K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-478.18K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-626.63K	USD	2 Qtrs
Gain on change in fair value of debt and warrant liabilities	`ChangeInFairValueOfNotesPayable`	$-78.98K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`ChangeInFairValueOfNotesPayable`	$-35.70K	USD	2 Qtrs
Gain on change in fair value of debt and warrant liabilities	`ChangeInFairValueOfNotesPayable`	$-10.71K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`ChangeInFairValueOfNotesPayable`	$-108.19K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$136.01K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$109.08K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$63.16K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$114.95K	USD	2 Qtrs
Interest expense	`InterestExpense`	$117.65K	USD	2 Qtrs
Interest expense	`InterestExpense`	$60.98K	USD	1 Quarter
Interest expense	`InterestExpense`	$76.47K	USD	1 Quarter
Interest expense	`InterestExpense`	$122.81K	USD	2 Qtrs
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$15.96K	USD	2 Qtrs
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-820.00	USD	1 Quarter
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-9.03K	USD	2 Qtrs
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-612.00	USD	1 Quarter
[Other Expenses]	`OtherExpenses`	$186.10K	USD	2 Qtrs
[Other Expenses]	`OtherExpenses`	$91.69K	USD	1 Quarter
[Other Expenses]	`OtherExpenses`	$154.50K	USD	2 Qtrs
[Other Expenses]	`OtherExpenses`	$129.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-569.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-321.89K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-812.73K	USD	2 Qtrs
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`	$-0.02	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.79M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.20M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.20M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.25M	shares	2 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-569.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-321.89K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-812.73K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$85.29K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$12.84K	USD	2 Qtrs
(Gain) loss on fair value of warrant liabilities	`ChangeInFairValueOfWarrantLiabilities`	$-108.19K	USD	2 Qtrs
(Gain) loss on fair value of warrant liabilities	`ChangeInFairValueOfWarrantLiabilities`	$-30.30K	USD	2 Qtrs
Common shares issued for lease obligation	`IssuanceOfCommonSharesToPayLeaseObligations`	$-21.15K	USD	2 Qtrs
Common shares and warrants issued for services	`IssuanceOfCommonSharesForServices`	$-115.47K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$58.39K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$71.01K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$43.40K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$43.40K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$40.17K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$114.95K	USD	2 Qtrs
Accretion and reversal of contingent consideration liability	`AccretionExpense`	$-201.01K	USD	2 Qtrs
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$15.96K	USD	2 Qtrs
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-612.00	USD	1 Quarter
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-9.03K	USD	2 Qtrs
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-820.00	USD	1 Quarter
Settlement of debt interest, fees and penalties with convertible notes	`GainsLossesOnExtinguishmentOfDebt`	$-95.84K	USD	2 Qtrs
Convertible notes payable fair value adjustment	`LossGainOnFairValueOfConvertibleDebt`	$-5.40K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$12.27K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$12.36K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$15.64K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$36.50K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.11K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.55K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$216.13K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$311.54K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$70.85K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$78.35K	USD	2 Qtrs
Amounts due to officers	`IncreaseDecreaseInAccruedSalaries`	$142.56K	USD	2 Qtrs
Amounts due to officers	`IncreaseDecreaseInAccruedSalaries`	$184.02K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-300.37K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-253.28K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.77K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.12K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.77K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.12K	USD	2 Qtrs
Proceeds from common stock warrant exercises	`ProceedsFromIssuanceOfCommonStock`	$40.00K	USD	2 Qtrs
Proceeds from convertible notes, net of financing costs	`ProceedsFromConvertibleDebt`	$299.70K	USD	2 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$25.00K	USD	2 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$503.30K	USD	2 Qtrs
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$70.20K	USD	2 Qtrs
Principal repayments of promissory notes	`RepaymentsOfNotesPayable`	$49.80K	USD	2 Qtrs
Deferred financing costs paid	`PaymentOfFinancingAndStockIssuanceCosts`	$100.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$353.50K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$294.50K	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$59.45K	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-12.99K	USD	2 Qtrs
Cash - beginning of period	`Cash`	$73.40K	USD	Point-in-time
Cash - beginning of period	`Cash`	$139.68K	USD	Point-in-time
Cash - beginning of period	`Cash`	$199.13K	USD	Point-in-time
Cash - beginning of period	`Cash`	$60.41K	USD	Point-in-time
Cash - end of period	`Cash`	$60.41K	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`	$199.13K	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$44.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$11.84K	USD	2 Qtrs
Interest	`InterestPaid`	$11.84K	USD	2 Qtrs
Interest	`InterestPaid`	$15.00K	USD	2 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$7.13K	USD	2 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$106.28K	USD	2 Qtrs
Issuance of common stock to satisfy capital lease obligation	`SettlementOfCapitalLeaseObligationWithCommonShares`	$102.27K	USD	2 Qtrs
Issuance of common shares and warrants as debt financing cost	`IssuanceOfCommonStocksAndWarrantsAsDebtFinancingCost`	$7.00K	USD	2 Qtrs
Issuance of common shares and warrants as debt financing cost	`IssuanceOfCommonStocksAndWarrantsAsDebtFinancingCost`	$8.67K	USD	2 Qtrs
Conversion of senior convertible notes into common stock	`DebtConversionConvertedInstrumentAmount1`	$22.50K	USD	2 Qtrs
Conversion of senior convertible notes into common stock	`DebtConversionConvertedInstrumentAmount1`	$5.00K	USD	2 Qtrs
Issuance of common shares to pay due to officers	`StockIssued1`	$500.00K	USD	2 Qtrs
Issuance of senior convertible note to settle interest, fees and penalties due	`NotesIssued1`	$108.80K	USD	2 Qtrs
Issuance of convertible notes to settle principal, interest, fees and penalties	`NotesIssued2`	$761.60K	USD	2 Qtrs
Equipment, inventory and coin financed with debt	`WarrantsIssuedForEquipmentInventoryAndCoinFinancedDebt`	$65.75K	USD	2 Qtrs
Equipment acquired in exchange of warrant liability	`EquipmentAcquiredInExchangeOfWarrantLiability`	$50.10K	USD	2 Qtrs
Issuance of common shares to satisfy contingent consideration obligation	`StockIssued2`	$272.28K	USD	2 Qtrs
Issuance of common stock warrants to satisfy accrued expenses	`IssuanceOfWarrantsOffsettingAccruedExpenses`	$60.00K	USD	2 Qtrs

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