10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001580695-17-000369`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	uvnd-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 60 Cash Flow Statement 67

Balance Sheet 71 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`	$42.94K	USD	Point-in-time
Cash	`Cash`	$199.13K	USD	Point-in-time
Cash	`Cash`	$139.68K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.21M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.66M	shares	Point-in-time
Cash	`Cash`	$61.91K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.21M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$16.54K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$32.07K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.66M	shares	Point-in-time
Inventory (net)	`InventoryNet`	$76.21K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$124.29K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$47.58K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$39.10K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$246.88K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$193.77K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$710.61K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$664.89K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$17.39K	USD	Point-in-time
Other assets (net)	`OtherAssetsNoncurrent`	$18.05K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$173.60K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$130.20K	USD	Point-in-time
Goodwill	`Goodwill`	$642.34K	USD	Point-in-time
Goodwill	`Goodwill`	$642.34K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.54M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.46M	USD	Point-in-time
Total assets	`Assets`	$1.70M	USD	Point-in-time
Total assets	`Assets`	$1.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$607.60K	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`	$105.86K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$215.64K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$337.41K	USD	Point-in-time
NHL and MLB sponsorship liability	`NhlAndMlbsponsorshipLiability`	$906.75K	USD	Point-in-time
NHL and MLB sponsorship liability	`NhlAndMlbsponsorshipLiability`	$1.34M	USD	Point-in-time
Amounts due to officers and directors	`DueToOfficersOrStockholdersCurrent`	$474.60K	USD	Point-in-time
Amounts due to officers and directors	`DueToOfficersOrStockholdersCurrent`	$288.40K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$389.79K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$360.77K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$480.13K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$498.10K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$1.39M	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`	$263.91K	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`	$5.39M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$1.08M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$586.21K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$177.92K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$184.68K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.27M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$764.14K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.16M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 26,214,992 shares issued and outstanding (24,664,992 - 2016)	`CommonStockValue`	$26.21K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 26,214,992 shares issued and outstanding (24,664,992 - 2016)	`CommonStockValue`	$24.66K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.73M	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`	$-4.45M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$1.74M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$1.70M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$381.48K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$441.16K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$675.02K	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$771.18K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$322.49K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$390.36K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$178.87K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$221.47K	USD	1 Quarter
Gross profit	`GrossProfit`	$202.61K	USD	1 Quarter
Gross profit	`GrossProfit`	$352.53K	USD	2 Qtrs
Gross profit	`GrossProfit`	$219.69K	USD	1 Quarter
Gross profit	`GrossProfit`	$380.83K	USD	2 Qtrs
Selling	`SellingExpense`	$318.82K	USD	1 Quarter
Selling	`SellingExpense`	$398.76K	USD	1 Quarter
Selling	`SellingExpense`	$620.84K	USD	2 Qtrs
Selling	`SellingExpense`	$786.87K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$393.75K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$702.77K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$361.97K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$635.54K	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$1.26M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$680.79K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.49M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$792.51K	USD	1 Quarter
Operating loss:	`OperatingIncomeLoss`	$-1.11M	USD	2 Qtrs
Operating loss:	`OperatingIncomeLoss`	$-478.18K	USD	1 Quarter
Operating loss:	`OperatingIncomeLoss`	$-903.86K	USD	2 Qtrs
Operating loss:	`OperatingIncomeLoss`	$-572.82K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$25.36K	USD	2 Qtrs
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$78.98K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$13.99K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$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`	$47.42K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$23.62K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$109.08K	USD	1 Quarter
Interest expense	`InterestExpense`	$60.98K	USD	1 Quarter
Interest expense	`InterestExpense`	$84.62K	USD	1 Quarter
Interest expense	`InterestExpense`	$165.36K	USD	2 Qtrs
Interest expense	`InterestExpense`	$117.65K	USD	2 Qtrs
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$667.00	USD	1 Quarter
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-612.00	USD	1 Quarter
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.14K	USD	2 Qtrs
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-9.03K	USD	2 Qtrs
Other (income) expense, net	`NonoperatingIncomeExpense`	$-188.56K	USD	2 Qtrs
Other (income) expense, net	`NonoperatingIncomeExpense`	$-93.59K	USD	1 Quarter
Other (income) expense, net	`NonoperatingIncomeExpense`	$-154.50K	USD	2 Qtrs
Other (income) expense, net	`NonoperatingIncomeExpense`	$-91.69K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-569.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-666.41K	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`	$-0.06	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`	$-0.05	USD	2 Qtrs
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.21M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.38M	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`	18.20M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-569.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-666.41K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$122.85K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$85.29K	USD	2 Qtrs
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-108.19K	USD	2 Qtrs
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-25.36K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$71.01K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$84.20K	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`	$47.42K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$40.17K	USD	2 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-9.03K	USD	2 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.14K	USD	2 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$667.00	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-612.00	USD	1 Quarter
Settlement of debt interest, fees and penalties with convertible notes	`GainsLossesOnExtinguishmentOfDebt`	$-95.84K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.36K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.53K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$15.64K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$48.08K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.11K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.14K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$311.54K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$611.38K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$70.85K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$121.35K	USD	2 Qtrs
Amount due to officers and directors	`IncreaseDecreaseInAccruedSalaries`	$186.21K	USD	2 Qtrs
Amount due to officers and directors	`IncreaseDecreaseInAccruedSalaries`	$184.02K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-253.28K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-177.53K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.77K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.48K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.77K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.48K	USD	2 Qtrs
Proceeds from common stock warrant exercises	`ProceedsFromIssuanceOfCommonStock`	$20.00K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$220.00K	USD	2 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$37.30K	USD	2 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$503.30K	USD	2 Qtrs
Principal repayment of convertible note	`RepaymentsOfConvertibleDebt`	$50.00K	USD	2 Qtrs
Principal repayments of promissory notes	`RepaymentsOfNotesPayable`	$49.80K	USD	2 Qtrs
Principal repayments of promissory notes	`RepaymentsOfNotesPayable`	$30.27K	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`	$197.03K	USD	2 Qtrs
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-18.97K	USD	2 Qtrs
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$59.45K	USD	2 Qtrs
Cash - beginning of period	`Cash`	$42.94K	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`	$61.91K	USD	Point-in-time
Cash - end of period	`Cash`	$61.91K	USD	Point-in-time
Cash - end of period	`Cash`	$199.13K	USD	Point-in-time
Cash - end of period	`Cash`	$139.68K	USD	Point-in-time
Cash - end of period	`Cash`	$42.94K	USD	Point-in-time
Interest	`InterestPaid`	$44.00K	USD	2 Qtrs
Interest	`InterestPaid`	$41.00K	USD	2 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$106.28K	USD	2 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$18.60K	USD	2 Qtrs
Issuance of common shares and warrants as debt financing or extension costs	`IssuanceOfCommonSharesAndWarrantsAsDebtFinancingOrExtensionCosts`	$7.00K	USD	2 Qtrs
Conversion of senior convertible notes into common stock	`DebtConversionConvertedInstrumentAmount1`	$22.50K	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`	$25.00K	USD	2 Qtrs
Issuance of convertible notes to settle principal, interest, fees and penalties	`NotesIssued2`	$761.60K	USD	2 Qtrs

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