10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001580695-17-000268`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	uvnd-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 30 Cash Flow Statement 56

Balance Sheet 74 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`	24.66M	shares	Point-in-time
Cash	`Cash`	$78.99K	USD	Point-in-time
Cash	`Cash`	$67.10K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.06M	shares	Point-in-time
Cash	`Cash`	$61.91K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.67K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.06M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.66M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$16.54K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$76.21K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$95.65K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$50.33K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$39.10K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$193.77K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$231.75K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$710.61K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$691.51K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$17.39K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$17.39K	USD	Point-in-time
Other assets (net)	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$173.60K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$151.90K	USD	Point-in-time
Goodwill	`Goodwill`	$642.34K	USD	Point-in-time
Goodwill	`Goodwill`	$642.34K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.50M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.54M	USD	Point-in-time
Total assets	`Assets`	$1.73M	USD	Point-in-time
Total assets	`Assets`	$1.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$447.27K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$433.44K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$105.58K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$107.52K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$270.99K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$215.64K	USD	Point-in-time
NHL and MLB sponsorship liability	`NhlAndMlbsponsorshipLiability`	$1.11M	USD	Point-in-time
NHL and MLB sponsorship liability	`NhlAndMlbsponsorshipLiability`	$906.75K	USD	Point-in-time
Amounts due to officers and directors	`DueToOfficersOrStockholdersCurrent`	$288.40K	USD	Point-in-time
Amounts due to officers and directors	`DueToOfficersOrStockholdersCurrent`	$363.01K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$375.28K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$360.77K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$518.17K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$498.10K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$657.92K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$696.48K	USD	Point-in-time
Current capital lease obligation, net of discounts	`CapitalLeaseObligationsCurrent`	$263.08K	USD	Point-in-time
Current capital lease obligation, net of discounts	`CapitalLeaseObligationsCurrent`	$261.37K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.11M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$1.31M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$1.08M	USD	Point-in-time
Capital lease obligation, net of discount	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$184.68K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$190.25K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.50M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.60M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 25,064,992 shares issued and outstanding (24,664,992 - 2016)	`CommonStockValue`	$25.07K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 25,064,992 shares issued and outstanding (24,664,992 - 2016)	`CommonStockValue`	$24.66K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.43M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-3.87M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$1.73M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$1.74M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$330.03K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$293.54K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$168.89K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$143.62K	USD	1 Quarter
Gross profit	`GrossProfit`	$161.13K	USD	1 Quarter
Gross profit	`GrossProfit`	$149.93K	USD	1 Quarter
Selling	`SellingExpense`	$388.11K	USD	1 Quarter
Selling	`SellingExpense`	$302.02K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$273.58K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$309.02K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$697.12K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$575.60K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-425.68K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-535.99K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$29.20K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$11.37K	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`	$23.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$80.74K	USD	1 Quarter
Interest expense	`InterestExpense`	$56.66K	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.81K	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-8.41K	USD	1 Quarter
Other (income) expense, net	`NonoperatingIncomeExpense`	$-62.81K	USD	1 Quarter
Other (income) expense, net	`NonoperatingIncomeExpense`	$-94.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-630.96K	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`	$-0.03	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.05M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.20M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-630.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-488.48K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$40.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$42.65K	USD	1 Quarter
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-11.37K	USD	1 Quarter
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-29.20K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$35.25K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$41.10K	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	`AdjustmentForAmortization`	$23.80K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$26.93K	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-8.41K	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.81K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.12K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.70K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$12.02K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$19.44K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.23K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-21.75K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$187.48K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$214.26K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$54.98K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$40.51K	USD	1 Quarter
Amount due to officers and directors	`IncreaseDecreaseInAccruedSalaries`	$74.61K	USD	1 Quarter
Amount due to officers and directors	`IncreaseDecreaseInAccruedSalaries`	$70.07K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-84.65K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-202.87K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.02K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.01K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.01K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.02K	USD	1 Quarter
Proceeds from common stock warrant exercises	`ProceedsFromIssuanceOfCommonStock`	$20.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$220.00K	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$178.80K	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$37.30K	USD	1 Quarter
Principal repayment of convertible note	`RepaymentsOfConvertibleDebt`	$30.00K	USD	1 Quarter
Principal repayments of promissory notes	`RepaymentsOfNotesPayable`	$17.23K	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`	$230.07K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$61.98K	USD	1 Quarter
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-60.69K	USD	1 Quarter
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$5.19K	USD	1 Quarter
Cash - beginning of period	`Cash`	$139.68K	USD	Point-in-time
Cash - beginning of period	`Cash`	$78.99K	USD	Point-in-time
Cash - beginning of period	`Cash`	$67.10K	USD	Point-in-time
Cash - beginning of period	`Cash`	$61.91K	USD	Point-in-time
Cash - end of period	`Cash`	$139.68K	USD	Point-in-time
Cash - end of period	`Cash`	$78.99K	USD	Point-in-time
Cash - end of period	`Cash`	$67.10K	USD	Point-in-time
Cash - end of period	`Cash`	$61.91K	USD	Point-in-time
Interest	`InterestPaid`	$15.00K	USD	1 Quarter
Interest	`InterestPaid`	$24.00K	USD	1 Quarter
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$16.94K	USD	1 Quarter
Issuance of common shares and warrants as debt financing or extension costs	`IssuanceOfCommonSharesAndWarrantsAsDebtFinancingOrExtensionCosts`	$7.00K	USD	1 Quarter

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