10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001580695-17-000541`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	uvnd-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 60 Cash Flow Statement 70

Balance Sheet 72 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`	$55.75K	USD	Point-in-time
Cash	`Cash`	$61.91K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.66M	shares	Point-in-time
Cash	`Cash`	$73.43K	USD	Point-in-time
Cash	`Cash`	$139.68K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$35.94K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.46M	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`	$109.59K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$76.21K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.99K	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`	$251.96K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$710.61K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$633.03K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$18.05K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$17.39K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$173.60K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$108.50K	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`	$1.40M	USD	Point-in-time
Total assets	`Assets`	$1.74M	USD	Point-in-time
Total assets	`Assets`	$1.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$433.44K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$629.63K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$105.58K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$103.19K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$215.64K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$352.14K	USD	Point-in-time
NHL and MLB sponsorship liability	`NhlAndMlbsponsorshipLiability`	$906.75K	USD	Point-in-time
NHL and MLB sponsorship liability	`NhlAndMlbsponsorshipLiability`	$1.73M	USD	Point-in-time
Amounts due to officers and directors	`DueToOfficersOrStockholdersCurrent`	$288.40K	USD	Point-in-time
Amounts due to officers and directors	`DueToOfficersOrStockholdersCurrent`	$547.52K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$404.29K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$360.77K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$498.10K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$373.99K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$1.36M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$696.48K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$261.37K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$146.53K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.64M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$950.44K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$1.08M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$194.68K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$184.68K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.15M	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`	$6.79M	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, 26,464,992 shares issued and outstanding (24,664,992 - 2016)	`CommonStockValue`	$24.66K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 26,464,992 shares issued and outstanding (24,664,992 - 2016)	`CommonStockValue`	$26.46K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.43M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-5.13M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$1.65M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$1.74M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$414.84K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$1.18M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$409.05K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$1.09M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$205.40K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$527.89K	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$233.57K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$623.92K	USD	3 Qtrs
Gross profit	`GrossProfit`	$561.97K	USD	3 Qtrs
Gross profit	`GrossProfit`	$556.31K	USD	3 Qtrs
Gross profit	`GrossProfit`	$209.44K	USD	1 Quarter
Gross profit	`GrossProfit`	$175.48K	USD	1 Quarter
Selling	`SellingExpense`	$1.05M	USD	3 Qtrs
Selling	`SellingExpense`	$1.29M	USD	3 Qtrs
Selling	`SellingExpense`	$499.84K	USD	1 Quarter
Selling	`SellingExpense`	$433.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$499.46K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.14M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$259.22K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$961.99K	USD	3 Qtrs
[OperatingExpenses]	`OperatingExpenses`	$759.07K	USD	1 Quarter
[OperatingExpenses]	`OperatingExpenses`	$932.46K	USD	1 Quarter
[OperatingExpenses]	`OperatingExpenses`	$2.19M	USD	3 Qtrs
[OperatingExpenses]	`OperatingExpenses`	$2.25M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.69M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-583.58K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.63M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-723.03K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$30.53K	USD	3 Qtrs
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$5.18K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$11.49K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$119.67K	USD	3 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$25.99K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$170.16K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$306.17K	USD	3 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$73.41K	USD	3 Qtrs
Interest expense	`InterestExpense`	$73.59K	USD	1 Quarter
Interest expense	`InterestExpense`	$191.24K	USD	3 Qtrs
Interest expense	`InterestExpense`	$83.73K	USD	1 Quarter
Interest expense	`InterestExpense`	$249.09K	USD	3 Qtrs
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-7.25K	USD	3 Qtrs
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-10.46K	USD	1 Quarter
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-11.60K	USD	3 Qtrs
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$1.78K	USD	1 Quarter
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-303.56K	USD	3 Qtrs
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-230.49K	USD	1 Quarter
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-384.98K	USD	3 Qtrs
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-115.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-953.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.00M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.01M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-698.58K	USD	1 Quarter
Net loss per share- basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per share- basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	3 Qtrs
Net loss per share- basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	3 Qtrs
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`	19.50M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.33M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.08M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.59M	shares	3 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-953.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.00M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.01M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-698.58K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$125.29K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$142.08K	USD	3 Qtrs
Common shares and warrsnts issued for servcies	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$89.99K	USD	3 Qtrs
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-30.53K	USD	3 Qtrs
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-119.67K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$136.33K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$108.65K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$65.10K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$65.10K	USD	3 Qtrs
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$210.33K	USD	3 Qtrs
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$73.41K	USD	3 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$1.78K	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-11.60K	USD	3 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-7.25K	USD	3 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-10.46K	USD	1 Quarter
Settlement of debt interest, fees and penalties with convertible notes	`GainsLossesOnExtinguishmentOfDebt`	$-95.83K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.40K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.94K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$33.38K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$56.65K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.45K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.62K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$596.54K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.01M	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$182.30K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterest`	$118.17K	USD	3 Qtrs
Amount due to officers and directors	`IncreaseDecreaseInAccruedSalaries`	$259.12K	USD	3 Qtrs
Amount due to officers and directors	`IncreaseDecreaseInAccruedSalaries`	$276.09K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-190.62K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-496.25K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.75K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$100.39K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.75K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.39K	USD	3 Qtrs
Proceeds from common stock warrant exercises	`ProceedsFromIssuanceOfCommonStock`	$20.00K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$290.00K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$115.00K	USD	3 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$37.30K	USD	3 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$562.80K	USD	3 Qtrs
Principal Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	$50.00K	USD	3 Qtrs
Principal repayments of promissory notes	`RepaymentsOfNotesPayable`	$36.42K	USD	3 Qtrs
Principal repayments of promissory notes	`RepaymentsOfNotesPayable`	$65.08K	USD	3 Qtrs
Deferred financing costs paid	`PaymentOfFinancingAndStockIssuanceCosts`	$100.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$260.88K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$512.72K	USD	3 Qtrs
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-83.93K	USD	3 Qtrs
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$11.52K	USD	3 Qtrs
Cash - beginning of period	`Cash`	$55.75K	USD	Point-in-time
Cash - beginning of period	`Cash`	$61.91K	USD	Point-in-time
Cash - beginning of period	`Cash`	$139.68K	USD	Point-in-time
Cash - beginning of period	`Cash`	$73.43K	USD	Point-in-time
Cash - end of period	`Cash`	$73.43K	USD	Point-in-time
Cash - end of period	`Cash`	$139.68K	USD	Point-in-time
Cash - end of period	`Cash`	$61.91K	USD	Point-in-time
Cash - end of period	`Cash`	$55.75K	USD	Point-in-time
Interest	`InterestPaid`	$63.00K	USD	3 Qtrs
Interest	`InterestPaid`	$69.00K	USD	3 Qtrs
Taxes	`IncomeTaxesPaidNet`	$1.00K	USD	3 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$108.36K	USD	3 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$40.53K	USD	3 Qtrs
Issuance of common shares and warrants as debt financing or extension costs	`IssuanceOfCommonSharesAndWarrantsAsDebtFinancingOrExtensionCosts`	$7.00K	USD	3 Qtrs
Conversion of senior convertible notes to common stock	`DebtConversionConvertedInstrumentAmount1`	$62.50K	USD	3 Qtrs
Issuance of common shares to pay due to officers	`StockIssued1`	$500.00K	USD	3 Qtrs
Issuance of senior convertible note to settle interest, fees and penalties due	`NotesIssued1`	$108.80K	USD	3 Qtrs
Issuance of convertible notes to settle principal, interest, fees and penalties	`NotesIssued2`	$295.04K	USD	3 Qtrs
Issuance of convertible notes to settle principal, interest, fees and penalties	`NotesIssued2`	$761.60K	USD	3 Qtrs

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