false
Q3
--06-30
0001576873
0001576873
2023-07-01
2024-03-31
0001576873
2024-05-13
0001576873
2024-03-31
0001576873
2023-06-30
0001576873
us-gaap:SeriesAPreferredStockMember
2024-03-31
0001576873
us-gaap:SeriesAPreferredStockMember
2023-06-30
0001576873
us-gaap:SeriesBPreferredStockMember
2024-03-31
0001576873
us-gaap:SeriesBPreferredStockMember
2023-06-30
0001576873
us-gaap:SeriesCPreferredStockMember
2024-03-31
0001576873
us-gaap:SeriesCPreferredStockMember
2023-06-30
0001576873
2024-01-01
2024-03-31
0001576873
2023-01-01
2023-03-31
0001576873
2022-07-01
2023-03-31
0001576873
us-gaap:CommonStockMember
2023-12-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
2023-12-31
0001576873
ABAT:CommonStockIssuableMember
2023-12-31
0001576873
us-gaap:RetainedEarningsMember
2023-12-31
0001576873
2023-12-31
0001576873
us-gaap:CommonStockMember
2022-12-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
2022-12-31
0001576873
ABAT:CommonStockIssuableMember
2022-12-31
0001576873
us-gaap:RetainedEarningsMember
2022-12-31
0001576873
2022-12-31
0001576873
us-gaap:CommonStockMember
2023-06-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
2023-06-30
0001576873
ABAT:CommonStockIssuableMember
2023-06-30
0001576873
us-gaap:RetainedEarningsMember
2023-06-30
0001576873
us-gaap:CommonStockMember
2022-06-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
2022-06-30
0001576873
ABAT:CommonStockIssuableMember
2022-06-30
0001576873
us-gaap:RetainedEarningsMember
2022-06-30
0001576873
2022-06-30
0001576873
us-gaap:CommonStockMember
2024-01-01
2024-03-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
2024-01-01
2024-03-31
0001576873
ABAT:CommonStockIssuableMember
2024-01-01
2024-03-31
0001576873
us-gaap:RetainedEarningsMember
2024-01-01
2024-03-31
0001576873
us-gaap:CommonStockMember
2023-01-01
2023-03-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
2023-01-01
2023-03-31
0001576873
ABAT:CommonStockIssuableMember
2023-01-01
2023-03-31
0001576873
us-gaap:RetainedEarningsMember
2023-01-01
2023-03-31
0001576873
us-gaap:CommonStockMember
2023-07-01
2024-03-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
2023-07-01
2024-03-31
0001576873
ABAT:CommonStockIssuableMember
2023-07-01
2024-03-31
0001576873
us-gaap:RetainedEarningsMember
2023-07-01
2024-03-31
0001576873
us-gaap:CommonStockMember
2022-07-01
2023-03-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
2022-07-01
2023-03-31
0001576873
ABAT:CommonStockIssuableMember
2022-07-01
2023-03-31
0001576873
us-gaap:RetainedEarningsMember
2022-07-01
2023-03-31
0001576873
us-gaap:CommonStockMember
2024-03-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
2024-03-31
0001576873
ABAT:CommonStockIssuableMember
2024-03-31
0001576873
us-gaap:RetainedEarningsMember
2024-03-31
0001576873
us-gaap:CommonStockMember
2023-03-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
2023-03-31
0001576873
ABAT:CommonStockIssuableMember
2023-03-31
0001576873
us-gaap:RetainedEarningsMember
2023-03-31
0001576873
2023-03-31
0001576873
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2022-07-01
2023-06-30
0001576873
2023-07-01
2023-09-30
0001576873
2023-10-01
2023-12-31
0001576873
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-07-01
2023-12-31
0001576873
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-06-30
0001576873
2023-07-01
2023-12-31
0001576873
ABAT:ConvertibleNotesMember
2023-07-01
2024-03-31
0001576873
us-gaap:WarrantMember
2023-07-01
2024-03-31
0001576873
ABAT:ShareAwardsMember
2023-07-01
2024-03-31
0001576873
srt:ScenarioPreviouslyReportedMember
2023-06-30
0001576873
srt:ScenarioPreviouslyReportedMember
2022-07-01
2023-06-30
0001576873
2022-07-01
2023-06-30
0001576873
srt:ScenarioPreviouslyReportedMember
2023-07-01
2023-09-30
0001576873
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-07-01
2023-09-30
0001576873
srt:ScenarioPreviouslyReportedMember
2023-10-01
2023-12-31
0001576873
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-10-01
2023-12-31
0001576873
srt:ScenarioPreviouslyReportedMember
2023-07-01
2023-12-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:ScenarioPreviouslyReportedMember
2022-07-01
2023-06-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2022-07-01
2023-06-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
2022-07-01
2023-06-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:ScenarioPreviouslyReportedMember
2023-06-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-06-30
0001576873
us-gaap:RetainedEarningsMember
srt:ScenarioPreviouslyReportedMember
2022-07-01
2023-06-30
0001576873
us-gaap:RetainedEarningsMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2022-07-01
2023-06-30
0001576873
us-gaap:RetainedEarningsMember
2022-07-01
2023-06-30
0001576873
us-gaap:RetainedEarningsMember
srt:ScenarioPreviouslyReportedMember
2023-06-30
0001576873
us-gaap:RetainedEarningsMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-06-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:ScenarioPreviouslyReportedMember
2023-07-01
2023-09-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-07-01
2023-09-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
2023-07-01
2023-09-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:ScenarioPreviouslyReportedMember
2023-09-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-09-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
2023-09-30
0001576873
us-gaap:RetainedEarningsMember
srt:ScenarioPreviouslyReportedMember
2023-07-01
2023-09-30
0001576873
us-gaap:RetainedEarningsMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-07-01
2023-09-30
0001576873
us-gaap:RetainedEarningsMember
2023-07-01
2023-09-30
0001576873
us-gaap:RetainedEarningsMember
srt:ScenarioPreviouslyReportedMember
2023-09-30
0001576873
us-gaap:RetainedEarningsMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-09-30
0001576873
us-gaap:RetainedEarningsMember
2023-09-30
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:ScenarioPreviouslyReportedMember
2023-10-01
2023-12-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-10-01
2023-12-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
2023-10-01
2023-12-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:ScenarioPreviouslyReportedMember
2023-12-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-12-31
0001576873
us-gaap:RetainedEarningsMember
srt:ScenarioPreviouslyReportedMember
2023-10-01
2023-12-31
0001576873
us-gaap:RetainedEarningsMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-10-01
2023-12-31
0001576873
us-gaap:RetainedEarningsMember
2023-10-01
2023-12-31
0001576873
us-gaap:RetainedEarningsMember
srt:ScenarioPreviouslyReportedMember
2023-12-31
0001576873
us-gaap:RetainedEarningsMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-12-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:ScenarioPreviouslyReportedMember
2023-07-01
2023-12-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-07-01
2023-12-31
0001576873
us-gaap:AdditionalPaidInCapitalMember
2023-07-01
2023-12-31
0001576873
us-gaap:RetainedEarningsMember
srt:ScenarioPreviouslyReportedMember
2023-07-01
2023-12-31
0001576873
us-gaap:RetainedEarningsMember
srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember
2023-07-01
2023-12-31
0001576873
us-gaap:RetainedEarningsMember
2023-07-01
2023-12-31
0001576873
ABAT:AMMTOGrantMember
2021-01-20
2021-01-20
0001576873
srt:MaximumMember
ABAT:AMMTOGrantMember
2021-01-20
2021-01-20
0001576873
srt:MaximumMember
ABAT:AMMTOGrantMember
2021-01-20
0001576873
ABAT:AMMTOGrantMember
ABAT:OctoberOneTwoThousandTwentyOneMember
2024-03-31
0001576873
ABAT:USABCGrantMember
2021-08-16
2021-08-16
0001576873
srt:MaximumMember
ABAT:USABCGrantMember
2021-08-16
0001576873
ABAT:USABCGrantMember
2024-03-31
0001576873
2022-10-21
2022-10-21
0001576873
srt:MaximumMember
2022-10-21
2022-10-21
0001576873
srt:MaximumMember
2022-10-21
0001576873
ABAT:SeptemberOneTwoThousandTwentyThreeMember
2024-03-31
0001576873
2022-11-17
2022-11-17
0001576873
srt:MaximumMember
2022-11-17
2022-11-17
0001576873
srt:MaximumMember
2022-11-17
0001576873
ABAT:OctoberOneTwoThousandTwentyThreeMember
2024-03-31
0001576873
2024-03-28
0001576873
2024-03-28
2024-03-28
0001576873
ABAT:LinicoCorporationMember
ABAT:AssetPurchaseAgreementMember
2023-03-01
2023-03-01
0001576873
ABAT:AquaMetalsTransferLLCMember
ABAT:MembershipInterestPurchaseAgreementMember
2023-03-01
0001576873
ABAT:AquaMetalsTransferLLCMember
ABAT:AssetPurchaseAgreementMember
2023-03-01
2023-03-01
0001576873
ABAT:AquaMetalsTransferLLCMember
ABAT:AssetPurchaseAgreementMember
2023-08-11
0001576873
ABAT:AmendedAgreementMember
2023-06-30
2023-06-30
0001576873
ABAT:AmendedAgreementMember
2023-06-30
0001576873
us-gaap:LandMember
2023-06-30
0001576873
us-gaap:BuildingMember
2023-06-30
0001576873
us-gaap:EquipmentMember
2023-06-30
0001576873
us-gaap:LandMember
2023-07-01
2024-03-31
0001576873
us-gaap:BuildingMember
2023-07-01
2024-03-31
0001576873
us-gaap:EquipmentMember
2023-07-01
2024-03-31
0001576873
us-gaap:LandMember
2024-03-31
0001576873
us-gaap:BuildingMember
2024-03-31
0001576873
us-gaap:EquipmentMember
2024-03-31
0001576873
2023-09-12
0001576873
2023-09-12
2023-09-12
0001576873
2023-08-21
2023-08-21
0001576873
2023-08-21
0001576873
ABAT:WaterRightsMember
2024-03-31
0001576873
ABAT:WaterRightsMember
2023-06-30
0001576873
ABAT:CreditAgreementMember
2023-05-17
0001576873
ABAT:CreditAgreementMember
2023-05-17
2023-05-17
0001576873
ABAT:PurchaseAgreementMember
srt:MaximumMember
2023-08-29
2023-08-29
0001576873
ABAT:PurchaseAgreementMember
2023-08-29
2023-08-29
0001576873
ABAT:PurchaseAgreementMember
ABAT:SeniorSecuredConvertibleNotesMember
2023-08-29
2023-08-29
0001576873
ABAT:PurchaseAgreementMember
ABAT:SeniorSecuredConvertibleNotesMember
2023-08-29
0001576873
ABAT:PurchaseAgreementMember
2023-08-29
0001576873
ABAT:PurchaseAgreementMember
us-gaap:CommonStockMember
2023-08-29
0001576873
us-gaap:MeasurementInputPriceVolatilityMember
us-gaap:FairValueInputsLevel3Member
2024-03-31
0001576873
us-gaap:MeasurementInputRiskFreeInterestRateMember
us-gaap:FairValueInputsLevel3Member
2024-03-31
0001576873
ABAT:PurchaseAgreementMember
2023-07-01
2024-03-31
0001576873
us-gaap:PreferredStockMember
2024-03-31
0001576873
us-gaap:SeriesAPreferredStockMember
us-gaap:PreferredStockMember
2024-03-31
0001576873
us-gaap:SeriesAPreferredStockMember
us-gaap:PreferredStockMember
2023-06-30
0001576873
us-gaap:SeriesBPreferredStockMember
us-gaap:PreferredStockMember
2024-03-31
0001576873
us-gaap:SeriesBPreferredStockMember
us-gaap:PreferredStockMember
2023-06-30
0001576873
us-gaap:SeriesCPreferredStockMember
us-gaap:PreferredStockMember
2024-03-31
0001576873
us-gaap:SeriesCPreferredStockMember
us-gaap:PreferredStockMember
2023-06-30
0001576873
ABAT:PriorReverseStockMember
2023-09-11
0001576873
ABAT:PostReverseStockMember
2023-09-11
0001576873
ABAT:ProfessionalServiceProvidersMember
2023-07-01
2024-03-31
0001576873
us-gaap:CommonStockMember
ABAT:ExecutivesDirectorsAndEmployeesMember
2023-07-01
2024-03-31
0001576873
ABAT:OfficersMember
2023-07-01
2024-03-31
0001576873
ABAT:BuildingPurchaseAgreementMember
2023-07-28
2023-07-28
0001576873
ABAT:TysadcoAgreementMember
srt:MaximumMember
2023-07-01
2024-03-31
0001576873
ABAT:TysadcoAgreementMember
2023-07-01
2024-03-31
0001576873
ABAT:TysadcoAgreementMember
2024-03-31
0001576873
us-gaap:WarrantMember
2023-07-01
2024-06-30
0001576873
us-gaap:WarrantMember
2023-07-01
2024-03-31
0001576873
us-gaap:WarrantMember
2024-03-31
0001576873
ABAT:OfficerAndDirectorMember
2023-07-01
2024-03-31
0001576873
us-gaap:CommonStockMember
us-gaap:RestrictedStockMember
ABAT:EmployeesAndDirectorsMember
2022-07-01
2023-03-31
0001576873
us-gaap:CommonStockMember
us-gaap:RestrictedStockMember
srt:OfficerMember
2022-07-01
2023-03-31
0001576873
ABAT:SharePurchaseAgreementMember
2022-07-01
2023-03-31
0001576873
ABAT:ProfessionalServiceMember
2022-07-01
2023-03-31
0001576873
ABAT:OfficerAndDirectorMember
2022-07-01
2023-03-31
0001576873
ABAT:ExercisePriceRangeOneMember
srt:MinimumMember
2024-03-31
0001576873
ABAT:ExercisePriceRangeOneMember
srt:MaximumMember
2024-03-31
0001576873
ABAT:ExercisePriceRangeOneMember
2024-03-31
0001576873
ABAT:ExercisePriceRangeTwoMember
srt:MinimumMember
2024-03-31
0001576873
ABAT:ExercisePriceRangeTwoMember
srt:MaximumMember
2024-03-31
0001576873
ABAT:ExercisePriceRangeTwoMember
2024-03-31
0001576873
ABAT:ExercisePriceRangeThreeMember
srt:MinimumMember
2024-03-31
0001576873
ABAT:ExercisePriceRangeThreeMember
srt:MaximumMember
2024-03-31
0001576873
ABAT:ExercisePriceRangeThreeMember
2024-03-31
0001576873
ABAT:TwoThousandTwentyOneEquityRetentionPlanMember
2023-07-01
2024-03-31
0001576873
ABAT:TwoThousandTwentyOneEquityRetentionPlanMember
2022-07-01
2023-03-31
0001576873
srt:OfficerMember
2023-07-01
2024-03-31
0001576873
srt:OfficerMember
2022-07-01
2023-03-31
0001576873
srt:DirectorMember
2023-07-01
2024-03-31
0001576873
srt:DirectorMember
2022-07-01
2023-03-31
0001576873
srt:OfficerMember
us-gaap:WarrantMember
2023-07-01
2024-03-31
0001576873
srt:OfficerMember
us-gaap:WarrantMember
2022-07-01
2023-03-31
0001576873
us-gaap:GeneralAndAdministrativeExpenseMember
2023-07-01
2024-03-31
0001576873
us-gaap:GeneralAndAdministrativeExpenseMember
2022-07-01
2023-03-31
0001576873
us-gaap:ResearchAndDevelopmentExpenseMember
2023-07-01
2024-03-31
0001576873
us-gaap:ResearchAndDevelopmentExpenseMember
2022-07-01
2023-03-31
0001576873
ABAT:ExplorationMember
2023-07-01
2024-03-31
0001576873
ABAT:ExplorationMember
2022-07-01
2023-03-31
0001576873
us-gaap:SubsequentEventMember
ABAT:SalesAgreementMember
us-gaap:CommonStockMember
2024-04-03
0001576873
us-gaap:SubsequentEventMember
ABAT:SalesAgreementMember
2024-04-03
2024-04-03
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
utr:acre
ABAT:Integer
xbrli:pure
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
10-Q
☒
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For
the quarterly period ended March 31, 2024
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934
Commission
File number: 000-55088
AMERICAN
BATTERY TECHNOLOGY COMPANY |
(Exact
name of registrant as specified in its charter) |
Nevada |
|
33-1227980 |
(State
or other jurisdiction
of
incorporation or organization) |
|
(I.R.S.
Employer
Identification
No.) |
100
Washington Street, Suite 100, Reno, NV 89503 |
(Address
of principal executive offices, including zip code) |
(775)
473-4744 |
(Registrant’s
telephone number, including area code) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of Each Exchange on Which Registered |
Common
stock, $0.001 par value |
|
ABAT |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the past 12 months (or for such shorter quarter that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter quarter that the registrant
was required to submit such files). Yes ☒ No ☐
Indicate
by check mark whether the registrant is a large, accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
|
Large
accelerated filer |
☐ |
Accelerated
filer |
☐ |
|
Non-accelerated
filer |
☒ |
Smaller
reporting company |
☒ |
|
Emerging
growth company |
☐ |
|
|
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition quarter for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes ☐ No ☒
As
of May 13, 2024, 58,598,133 shares of common stock, $0.001 par value per share were outstanding.
CAUTIONARY
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This
quarterly report on Form 10-Q (this “Report”) contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended
(“Exchange Act”). All statements included in this Report, other than statements of historical facts, that address activities,
conditions, events, or developments with respect to our financial condition, results of operations, business prospects or economic performance
that we expect, believe, or anticipate will or may occur in the future, or that address plans and objectives of management for future
operations, are forward-looking statements. The forward-looking statements are contained principally in the “Business” and
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of this Report. These
statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements
to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements.
In some cases, you can identify forward-looking statements by terms such as “anticipates”, “believes”, “seeks”,
“could”, “estimates”, “expects”, “intends”, “may”, “plans”, “potential”,
“predicts”, “projects”, “should”, “would” and similar expressions intended to identify
forward-looking statements.
Forward-looking
statements appear throughout this report, and include statements about such matters as: anticipated operating results; relationships
with our customers; consumer demand; financial resources and condition; changes in revenues; changes in profitability; changes in accounting
treatment; cost of sales; selling, general and administrative expenses; interest expense; the ability to produce the liquidity or enter
into agreements to acquire the capital necessary to continue our operations and take advantage of opportunities; legal proceedings and
claims.
Forward-looking
statements reflect our current views with respect to future events and are based on assumptions and analyses made by us in light of our
experience and our perception of historical trends, current conditions, expected future developments, and other factors that we believe
are appropriate under the circumstances. We caution you that forward-looking statements are not guarantees of future performance and
these statements are subject to known and unknown risks and uncertainties, which may cause our actual results or performance to be materially
different from any future results or performance expressed or implied by the forward-looking statements.
Also,
forward-looking statements represent our estimates and assumptions only as of the date of this Report. You should read this Report and
the documents that we reference and file as exhibits to this Report completely and with the understanding that our actual future results
may be materially different from what we expect. The forward-looking statements in this report speak only as of the filing of this Report.
Except as required by applicable securities laws, we assume no obligation to update any prior forward-looking statements.
PRESENTATION
OF INFORMATION
Except
as otherwise indicated by the context, references in this Report to “we”, “us”, “our” and the “Company”
are to the combined business of American Battery Technology Company and its consolidated subsidiaries.
This
Report includes our unaudited consolidated financial statements as of and for the period ended March 31, 2024, and 2023. These financial
statements have been prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”).
All financial information in this Report is presented in US dollars, unless otherwise indicated, and should be read in conjunction with
our unaudited consolidated financial statements and the notes included in this Report.
TABLE
OF CONTENTS
ITEM
1. FINANCIAL STATEMENTS
The
accompanying condensed consolidated financial statements (unaudited) have been prepared by the Company’s management in conformity
with accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments considered
necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are
of a normal recurring nature.
Operating
results for the nine months ended March 31, 2024, are not necessarily indicative of the results that can be expected for the fiscal year
ending June 30, 2024.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Condensed
Consolidated Balance Sheets (unaudited)
| |
March 31, 2024 (Unaudited) | | |
June 30, 2023 | |
ASSETS | |
| | | |
| | |
| |
| | | |
| | |
Current assets | |
| | | |
| | |
| |
| | | |
| | |
Cash | |
$ | 5,995,134 | | |
$ | 2,320,149 | |
Investments | |
| 60,165 | | |
| 11,250 | |
Inventory (Note 3) | |
| 622,545 | | |
| 125,204 | |
Grants receivable (Note 4) | |
| 527,723 | | |
| 320,457 | |
Prepaid expenses and deposits | |
| 450,784 | | |
| 1,625,980 | |
Subscription receivable (Note 12) | |
| 2,446,353 | | |
| 350,550 | |
Other current assets | |
| 242,850 | | |
| – | |
| |
| | | |
| | |
Total current assets | |
| 10,345,554 | | |
| 4,753,590 | |
| |
| | | |
| | |
Other deposits (Note 5) | |
| 279,878 | | |
| 27,740,587 | |
Property, plant and equipment, net (Note 6) | |
| 65,586,651 | | |
| 29,946,099 | |
Mining properties (Note 7) | |
| 8,392,978 | | |
| 8,223,323 | |
Intangible assets (Note 8) | |
| 4,584,831 | | |
| 3,851,899 | |
Right-of-use asset (Note 11) | |
| 67,366 | | |
| 143,154 | |
| |
| | | |
| | |
Total assets | |
$ | 89,257,258 | | |
$ | 74,658,652 | |
| |
| | | |
| | |
LIABILITIES & STOCKHOLDERS’ EQUITY | |
| | | |
| | |
| |
| | | |
| | |
Current liabilities | |
| | | |
| | |
| |
| | | |
| | |
Accounts payable and accrued liabilities (Note 9) | |
$ | 6,260,691 | | |
$ | 7,734,864 | |
Notes payable, current (Note 10) | |
| 10,748,506 | | |
| 6,000,000 | |
| |
| | | |
| | |
Total current liabilities | |
| 17,009,197 | | |
| 13,734,864 | |
| |
| | | |
| | |
Equity compensation liability (Note 14) | |
| 2,179,498 | | |
| 833,427 | |
Notes payable, non-current (Note 10) | |
| – | | |
| 54,304 | |
| |
| | | |
| | |
Total liabilities | |
| 19,188,695 | | |
| 14,622,595 | |
| |
| | | |
| | |
Commitments and contingencies (Note 16) | |
| – | | |
| – | |
| |
| | | |
| | |
STOCKHOLDERS’ EQUITY | |
| | | |
| | |
| |
| | | |
| | |
Series A Preferred Stock Authorized: 33,334 preferred shares, par value of $0.001 per share; Issued and outstanding: nil preferred shares as of March 31, 2024 and June 30, 2023. | |
| – | | |
| – | |
| |
| | | |
| | |
Series B Preferred Stock Authorized: 133,334 preferred shares, par value of $10.00 per share; Issued and outstanding: nil preferred shares as of March 31, 2024 and June 30, 2023. | |
| – | | |
| – | |
| |
| | | |
| | |
Series C Preferred Stock Authorized: 66,667 preferred shares, par value of $10.00 per share; Issued and outstanding: nil preferred shares as of March 31, 2024 and June 30, 2023. | |
| – | | |
| – | |
Preferred Stock value | |
| – | | |
| – | |
| |
| | | |
| | |
Common Stock Authorized: 80,000,000 common shares, par value of $0.001 per share; Issued and outstanding: 55,058,411 and 45,888,131 common shares as of March 31, 2024, and June 30, 2023, respectively | |
| 55,059 | | |
| 45,887 | |
| |
| | | |
| | |
Additional paid-in capital | |
| 259,405,304 | | |
| 222,301,371 | |
Common stock issuable (receivable) | |
| 499,681 | | |
| (1,484,693 | ) |
Accumulated deficit | |
| (189,891,481 | ) | |
| (160,826,508 | ) |
| |
| | | |
| | |
Total stockholders’ equity | |
| 70,068,563 | | |
| 60,036,057 | |
| |
| | | |
| | |
Total liabilities and stockholders’ equity | |
$ | 89,257,258 | | |
$ | 74,658,652 | |
(The
accompanying notes are an integral part of these condensed consolidated unaudited financial statements)
AMERICAN
BATTERY TECHNOLOGY COMPANY
Condensed
Consolidated Statements of Operations (unaudited)
| |
Three months ended March 31, 2024 | | |
Three months ended March 31, 2023 | | |
Nine months ended March 31, 2024 | | |
Nine months ended March 31, 2023 | |
Operating expenses | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | |
General and administrative | |
$ | 3,229,202 | | |
$ | 3,538,541 | | |
$ | 10,699,915 | | |
$ | 9,445,776 | |
Research and development | |
| 3,954,744 | | |
| 1,509,085 | | |
| 11,137,762 | | |
| 3,464,372 | |
Exploration costs | |
| 1,422,758 | | |
| 584,344 | | |
| 3,596,103 | | |
| 1,479,507 | |
| |
| | | |
| | | |
| | | |
| | |
Total operating expenses | |
| 8,606,704 | | |
| 5,631,970 | | |
| 25,433,780 | | |
| 14,389,655 | |
| |
| | | |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
| (8,606,704 | ) | |
| (5,631,970 | ) | |
| (25,433,780 | ) | |
| (14,389,655 | ) |
| |
| | | |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | |
Interest expense | |
| (2,452 | ) | |
| - | | |
| (145,089 | ) | |
| - | |
Amortization and accretion of financing costs | |
| (1,150,127 | ) | |
| - | | |
| (3,015,280 | ) | |
| - | |
Gain on sale of mining claims | |
| - | | |
| - | | |
| - | | |
| 98,919 | |
Unrealized gain (loss) on investment | |
| (19,089 | ) | |
| 2,949 | | |
| (24,586 | ) | |
| (11,709 | ) |
Change in fair value of derivative liability | |
| (216,765 | ) | |
| - | | |
| (446,238 | ) | |
| - | |
Other income | |
| - | | |
| 21,000 | | |
| - | | |
| 63,000 | |
| |
| | | |
| | | |
| | | |
| | |
Total other income (expense) | |
| (1,388,433 | ) | |
| 23,949 | | |
| (3,631,193 | ) | |
| 150,210 | |
| |
| | | |
| | | |
| | | |
| | |
Net loss | |
$ | (9,995,137 | ) | |
$ | (5,608,021 | ) | |
$ | (29,064,973 | ) | |
$ | (14,239,445 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net loss per share, basic and diluted | |
$ | (0.19 | ) | |
$ | (0.13 | ) | |
$ | (0.59 | ) | |
$ | (0.33 | ) |
| |
| | | |
| | | |
| | | |
| | |
Weighted average shares outstanding | |
| 51,993,863 | | |
| 43,466,522 | | |
| 49,092,325 | | |
| 43,201,865 | |
(The
accompanying notes are an integral part of these condensed consolidated unaudited financial statements)
AMERICAN
BATTERY TECHNOLOGY COMPANY
Condensed
Consolidated Statements of Stockholders’ Equity (unaudited)
Three
months ended March 31, 2024:
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
Common Shares | | |
Additional Paid-In | | |
Common Stock | | |
Accumulated | | |
| |
| |
Number | | |
Amount | | |
Capital | | |
Issuable | | |
Deficit | | |
Total | |
| |
| | |
| | |
| | |
| | |
| | |
| |
Balance, December 31, 2023 | |
| 49,343,225 | | |
$ | 49,345 | | |
$ | 243,823,714 | | |
| - | | |
$ | (179,896,345 | ) | |
$ | 63,976,714 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Vesting of share-based awards | |
| 597,019 | | |
| 597 | | |
| (597 | ) | |
| - | | |
| - | | |
| - | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Stock-based compensation expense | |
| - | | |
| - | | |
| 4,089,033 | | |
| - | | |
| - | | |
| 4,089,033 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares issued pursuant to share purchase agreement, net of issuance costs | |
| 5,103,037 | | |
| 5,102 | | |
| 11,493,171 | | |
| 499,681 | | |
| - | | |
| 11,997,954 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares issued pursuant to warrant exercises | |
| 15,130 | | |
| 15 | | |
| (15 | ) | |
| - | | |
| - | | |
| - | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net loss for the period | |
| - | | |
| - | | |
| - | | |
| - | | |
| (9,995,137 | ) | |
| (9,995,137 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance, March 31, 2024 | |
| 55,058,411 | | |
$ | 55,059 | | |
$ | 259,405,304 | | |
$ | 499,681 | | |
$ | (189,891,481 | ) | |
$ | 70,068,563 | |
Three
months ended March 31, 2023:
| |
Common Shares | | |
Additional Paid-In | | |
Common Stock Issuable | | |
Accumulated | | |
| |
| |
Number | | |
Amount | | |
Capital | | |
(receivable) | | |
Deficit | | |
Total | |
| |
| | |
| | |
| | |
| | |
| | |
| |
Balance, December 31, 2022 | |
| 43,341,065 | | |
$ | 43,342 | | |
$ | 193,785,953 | | |
$ | (646,177 | ) | |
$ | (147,266,792 | ) | |
$ | 45,916,326 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares issued for professional services | |
| - | | |
| - | | |
| - | | |
| 10,596 | | |
| - | | |
| 10,596 | |
Vesting of share-based awards | |
| 172,095 | | |
| 172 | | |
| (172 | ) | |
| - | | |
| - | | |
| - | |
Stock-based compensation expense | |
| - | | |
| - | | |
| 2,555,584 | | |
| - | | |
| - | | |
| 2,555,584 | |
Shares issued from purchase agreements | |
| 133,333 | | |
| 133 | | |
| 1,550,266 | | |
| 654,267 | | |
| | | |
| 2,204,666 | |
Shares issued from private placement, net of issuance costs | |
| 952,381 | | |
| 952 | | |
| 8,856,399 | | |
| - | | |
| - | | |
| 8,857,351 | |
Net loss for the period | |
| - | | |
| - | | |
| - | | |
| - | | |
| (5,608,021 | ) | |
| (5,608,021 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance, March 31, 2023 | |
| 44,598,874 | | |
$ | 44,599 | | |
$ | 206,748,030 | | |
$ | 18,686 | | |
$ | (152,874,813 | ) | |
$ | 53,936,502 | |
(The
accompanying notes are an integral part of these condensed consolidated unaudited financial statements)
AMERICAN
BATTERY TECHNOLOGY COMPANY
Condensed
Consolidated Statements of Stockholders’ Equity (unaudited)
Nine
months ended March 31, 2024:
| |
Common Shares | | |
Additional Paid-In | | |
Common Stock Issuable | | |
Accumulated | | |
| |
| |
Number | | |
Amount | | |
Capital | | |
(receivable) | | |
Deficit | | |
Total | |
| |
| | |
| | |
| | |
| | |
| | |
| |
Balance, June 30, 2023 | |
| 45,888,131 | | |
$ | 45,887 | | |
$ | 222,301,371 | | |
$ | (1,484,693 | ) | |
$ | (160,826,508 | ) | |
$ | 60,036,057 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares issued for professional services | |
| 1,326 | | |
| 1 | | |
| 15,172 | | |
| (15,307 | ) | |
| - | | |
| (134 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Vesting of share-based awards | |
| 909,972 | | |
| 913 | | |
| (913 | ) | |
| - | | |
| - | | |
| - | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Stock-based compensation expense | |
| - | | |
| - | | |
| 10,975,214 | | |
| - | | |
| - | | |
| 10,975,214 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares issued pursuant to rounding of share reverse split | |
| 59,164 | | |
| 59 | | |
| (59 | ) | |
| - | | |
| - | | |
| - | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares reclaimed pursuant to asset acquisition | |
| (128,206 | ) | |
| (128 | ) | |
| (1,255,650 | ) | |
| 1,500,000 | | |
| - | | |
| 244,222 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares issued pursuant to share purchase agreement | |
| 8,209,262 | | |
| 8,208 | | |
| 27,332,791 | | |
| 499,681 | | |
| - | | |
| 27,840,680 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares issued pursuant to share private agreement, net of issuance costs | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares issued pursuant to warrant exercises | |
| 118,762 | | |
| 119 | | |
| 37,379 | | |
| - | | |
| - | | |
| 37,498 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net loss for the period | |
| - | | |
| - | | |
| - | | |
| - | | |
| (29,064,973 | ) | |
| (29,064,973 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance, March 31, 2024 | |
| 55,058,411 | | |
$ | 55,059 | | |
$ | 259,405,304 | | |
$ | 499,681 | | |
$ | (189,891,481 | ) | |
$ | 70,068,563 | |
Nine
months ended March 31, 2023:
| |
Common Shares | | |
Additional Paid-In | | |
Common Stock Issuable | | |
Accumulated | | |
| |
| |
Number | | |
Amount | | |
Capital | | |
(receivable) | | |
Deficit | | |
Total | |
| |
| | |
| | |
| | |
| | |
| | |
| |
Balance, June 30, 2022 | |
| 42,942,576 | | |
$ | 42,943 | | |
$ | 188,151,484 | | |
$ | 75,000 | | |
$ | (138,635,368 | ) | |
$ | 49,634,059 | |
Balance | |
| 42,942,576 | | |
$ | 42,943 | | |
$ | 188,151,484 | | |
$ | 75,000 | | |
$ | (138,635,368 | ) | |
$ | 49,634,059 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares issued for professional services | |
| 10,009 | | |
| 10 | | |
| 103,579 | | |
| (56,314 | ) | |
| - | | |
| 47,275 | |
Vesting of share-based awards | |
| 293,908 | | |
| 294 | | |
| (294 | ) | |
| - | | |
| - | | |
| - | |
Stock-based compensation expense | |
| - | | |
| - | | |
| 6,078,889 | | |
| - | | |
| - | | |
| 6,078,889 | |
Shares issued from purchase agreement | |
| 400,000 | | |
| 400 | | |
| 3,557,973 | | |
| - | | |
| - | | |
| 3,558,373 | |
Shares issued from private placement, net of issuance costs | |
| 952,381 | | |
| 952 | | |
| 8,856,399 | | |
| - | | |
| - | | |
| 8,857,351 | |
Net loss for the period | |
| - | | |
| - | | |
| - | | |
| - | | |
| (14,239,445 | ) | |
| (14,239,445 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Balance, March 31, 2023 | |
| 44,598,874 | | |
$ | 44,599 | | |
$ | 206,748,030 | | |
$ | 18,686 | | |
$ | (152,874,813 | ) | |
$ | 53,936,502 | |
Balance | |
| 44,598,874 | | |
$ | 44,599 | | |
$ | 206,748,030 | | |
$ | 18,686 | | |
$ | (152,874,813 | ) | |
$ | 53,936,502 | |
(The
accompanying notes are an integral part of these condensed consolidated unaudited financial statements)
AMERICAN
BATTERY TECHNOLOGY COMPANY
Condensed
Consolidated Statements of Cash Flows (unaudited)
| |
Nine months ended. March 31, 2024 | | |
Nine months ended. March 31, 2023 | |
| |
| | |
| |
Operating Activities | |
| | | |
| | |
| |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (29,064,973 | ) | |
$ | (14,239,445 | ) |
| |
| | | |
| | |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | |
| |
| | | |
| | |
Depreciation expense | |
| 121,075 | | |
| 66,436 | |
Accretion of financing costs | |
| 3,014,414 | | |
| - | |
Amortization of right-of-use asset | |
| 75,788 | | |
| 75,787 | |
Unrealized loss on investment | |
| 24,586 | | |
| 11,709 | |
Stock-based compensation | |
| 12,322,198 | | |
| 6,078,889 | |
Shares issued for professional services | |
| (1,047 | ) | |
| 47,275 | |
Change in fair value of derivative liability | |
| 419,739 | | |
| - | |
| |
| | | |
| | |
Changes in operating assets and liabilities: | |
| | | |
| | |
| |
| | | |
| | |
Inventory | |
| (497,341 | ) | |
| - | |
Grants receivable | |
| (207,266 | ) | |
| (276,231 | ) |
Prepaid expenses and deposits | |
| 799,596 | | |
| (837,180 | ) |
Other current assets | |
| (316,351 | ) | |
| | |
Accounts payable and accrued liabilities | |
| 969,487 | | |
| (1,653,541 | ) |
Net change in operating lease liability | |
| (90,427 | ) | |
| (89,759 | ) |
| |
| | | |
| | |
Net Cash Used in Operating Activities | |
| (12,430,522 | ) | |
| (10,816,060 | ) |
| |
| | | |
| | |
Investing Activities | |
| | | |
| | |
| |
| | | |
| | |
Other acquisition deposits | |
| (279,878 | ) | |
| (6,081,591 | ) |
Acquisition of property, equipment, and water rights | |
| (11,586,857 | ) | |
| (3,918,863 | ) |
Acquisition cost reimbursements from government grants | |
| 672,404 | | |
| - | |
Purchase of mining properties | |
| (169,714 | ) | |
| (8,007,362 | ) |
| |
| | | |
| | |
Net Cash Used in Investing Activities | |
| (11,364,045 | ) | |
| (18,007,816 | ) |
| |
| | | |
| | |
Financing Activities | |
| | | |
| | |
| |
| | | |
| | |
Proceeds from issuance of common shares, net of issuance costs | |
| - | | |
| 8,857,351 | |
Proceeds from exercise of share purchase warrants | |
| 37,498 | | |
| - | |
Principal paid on notes payable | |
| (18,600,000 | ) | |
| - | |
Proceeds from notes payable, net of issuance costs | |
| 20,287,118 | | |
| - | |
Proceeds from share purchase agreements, net of issuance costs | |
| 25,744,936 | | |
| 3,558,373 | |
| |
| | | |
| | |
Net Cash Provided by Financing Activities | |
| 27,469,552 | | |
| 12,415,724 | |
| |
| | | |
| | |
Increase (decrease) in Cash | |
| 3,674,986 | | |
| (16,408,152 | ) |
| |
| | | |
| | |
Cash – Beginning of Period | |
| 2,320,149 | | |
| 28,989,166 | |
| |
| | | |
| | |
Cash – End of Period | |
$ | 5,995,134 | | |
$ | 12,581,014 | |
| |
| | | |
| | |
Supplemental disclosures (Note 15) | |
| | | |
| | |
(The
accompanying notes are an integral part of these condensed consolidated unaudited financial statements)
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
1.
Organization and Nature of Operations
American
Battery Technology Company (“the Company” or “ABTC”) is a new entrant in the lithium-ion battery industry that
is working to increase the domestic U.S. production of battery materials, such as lithium, nickel, cobalt, and manganese through its
engagement in the exploration of new primary resources of battery metals, in the development and commercialization of new technologies
for the extraction of these battery metals from primary resources, and in the commercialization of an internally developed integrated
process for the recycling of lithium-ion batteries. Through this three-pronged approach the Company is working to both increase the domestic
production of these battery materials, and to ensure that as these materials reach their end of lives that the constituent elemental
battery metals are returned to the domestic manufacturing supply chain in a closed-loop fashion.
The
Company was incorporated under the laws of the State of Nevada on October 6, 2011, for the purpose of acquiring rights to mineral properties
with the objective of being a producing mineral company. ABTC began operations of its first lithium-ion battery recycling facility in
October 2023 and has a limited operating history, and as of March 31, 2024 had not generated or realized revenues from its activities.
The principal executive offices are located at 100 Washington Ave., Suite 100, Reno, NV 89503.
Liquidity
and Capital Resources
During
the nine months ended March 31, 2024, the Company incurred a net loss of $29.1 million and used cash of $12.4 million for operating activities.
At March 31, 2024, the Company has a cash balance of $6.0 million and an accumulated deficit of $189.9 million.
The
continuation of the Company as a going concern is dependent upon generating profit from its operations and its ability to obtain debt
or equity financing. There is no assurance that the Company will be able to generate sufficient profits, obtain such financings, or obtain
them on favorable terms, which could limit its operations. Any such financing activities are subject to market conditions. These uncertainties
cause substantial doubt to exist as to the Company’s ability to continue as a going concern for 12 months from issuance of these
financial statements. These condensed consolidated financial statements do not include any adjustments to the recoverability and classification
of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going
concern. These adjustments could be material.
The
going concern assessment excludes the Company’s undrawn amounts from the common stock purchase agreements with Tysadco (Note 12)
and the Company’s at-the-market (“ATM”) offering (Note 17), which could provide sources of liquidity.
Based
on our current operating plan, unless we generate income from the operations of our facilities and Government Grant Awards, or raise
additional capital (debt or equity), it is possible that we will be unable to maintain our financial covenants under our existing Note
agreement (Note 10). If such covenant violations are not waived by the Note holder, it would result in an event of default, causing an
acceleration of the outstanding balances. If we do raise additional capital through public or private equity offerings, as opposed to
debt or additional Note issuances, the ownership interest of our existing stockholders may be diluted.
2.
Summary of Significant Accounting Policies
a)
Basis of Presentation and Principles of Consolidation
The
condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted
in the United States (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year end is June 30.
These
condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Oroplata Exploraciones
E Ingenieria SRL (dissolved), LithiumOre Corporation (formerly Lithortech Resources Inc), ABMC AG, LLC (dissolved) and Aqua Metals Transfer
LLC. All inter-company accounts and transactions have been eliminated upon consolidation.
On
September 11, 2023, the Company effected a one-for-fifteen reverse-stock-split with respect to the authorized, issued, and outstanding
shares of common stock and preferred stock. All share and per-share amounts included in this Form 10-Q are presented as if the stock
split had been effective from the beginning of the earliest period presented.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
Immaterial
Correction of Previously Issued Consolidated Financial Statements
Subsequent
to the issuance of the Company’s December 31, 2023 condensed consolidated financial statements, the Company identified errors
in the application of Accounting Standards Codification (“ASC”) 710, “Compensation-General,” and ASC 718,
“Compensation-Stock Compensation,” related to expense recognition for cash and equity awards that are subject to both
service and performance conditions. ASC 710 and ASC 718 require recognition of compensation cost once achievement of the performance
condition becomes probable as the requisite service is provided. Historically, the Company did not recognize compensation cost
for certain cash and equity awards until the performance conditions in the form of milestones were achieved, and for the
Company’s common share warrant performance-based awards, no compensation cost had previously been recognized when the performance
conditions either became probable of achievement or were achieved. As the common share warrant and RSU performance-based awards to
executive officers and key employees are granted with a fixed dollar value and settled in a variable number of common share warrants
or RSUs, these awards are liability-classified and the corresponding compensation cost should be recorded to current or long-term
liabilities, depending on expected timing of settlement of the award, once the performance conditions become probable of
achievement.
The
correction of this error resulted in an increase in compensation cost of $0.9
million as of and for the fiscal year ended June
30, 2023, and an increase in compensation cost of $1.6
million and $0.6
million for the quarters ended September 30,
2023 and December 31, 2023, respectively. For the six-month period ended December 31, 2023, the errors resulted in an increase in compensation
cost of $2.2 million. As certain of these
awards are liability-classified, the correction of this error resulted in an increase of $0.3
million in accounts payable and accrued
liabilities for the current portion of the awards and an increase of $0.8
million in equity compensation liability for
the noncurrent portion of the awards as of June 30, 2023.
The
Company also identified an error in application of ASC 815, “Derivatives and Hedging,” related to the initial and subsequent
recognition of a conversion option in the Company’s convertible notes that does not qualify for equity classification. ASC 815
requires bifurcation of the conversion option with subsequent changes in the fair value of the bifurcated derivative to be recorded in
earnings. At issuance of the convertible notes, the Company should have recognized a derivative
liability and a corresponding discount on the convertible notes resulting from bifurcation of the derivative, with subsequent changes
in the fair value of the derivative liability and accretion of the discount recorded in earnings.
The
correction of this error resulted in an increase in interest and other expense of less than $0.1
million for the quarter ended September 30, 2023
and $0.3 million
for the quarter ended December 31, 2023. For the six-month period ended December 31, 2023, the error resulted in an increase in interest
and other expenses of $0.4 million.
The
Company has evaluated the effects of the corrections detailed in the tables below on the previously issued consolidated financial
statements, individually and in the aggregate, in accordance with the guidance in ASC 250, “Accounting Changes and Error
Corrections.” The Company has concluded such corrections to be immaterial to its previously issued consolidated financial
statements. While management believes the effect of the errors is immaterial to the Company’s previously issued consolidated
financial statements as of and for the year ended June 30, 2023, and the condensed consolidated financial statements as of and for
the three months ended September 30, 2023 and as of and for the three and six months ended December 31, 2023, the financial
statement line items impacted by these errors have been corrected. In addition, the immaterial error is being corrected
prospectively in the Company’s subsequent quarterly and annual filings.
The
tables below reflect the sections of the Company’s condensed consolidated financial statements that were impacted by the error.
Schedule of Consolidated Financial Statements
CONSOLIDATED BALANCE SHEET
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
Liabilities and Stockholders’ Equity |
| |
| | | |
| | | |
| | |
Current liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 7,389,864 | | |
$ | 345,000 | | |
$ | 7,734,864 | |
Total current liabilities | |
| 13,389,864 | | |
| 345,000 | | |
| 13,734,864 | |
Equity compensation liability | |
| - | | |
| 833,427 | | |
| 833,427 | |
Total liabilities | |
| 13,444,168 | | |
| 1,178,427 | | |
| 14,622,595 | |
| |
| | | |
| | | |
| | |
Stockholders’ equity | |
| | | |
| | | |
| | |
Additional paid in capital | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Accumulated deficit | |
| (159,973,575 | ) | |
| (852,933 | ) | |
| (160,826,508 | ) |
Total stockholders’ equity | |
| 61,214,484 | | |
| (1,178,427 | ) | |
| 60,036,057 | |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONSOLIDATED STATEMENT OF OPERATIONS
| |
| | |
| | |
| |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 11,960,831 | | |
$ | 887,300 | | |
$ | 12,848,131 | |
Research and development | |
| 7,703,895 | | |
| (138,160 | ) | |
| 7,565,735 | |
Exploration | |
| 1,910,548 | | |
| 103,793 | | |
| 2,014,341 | |
Total operating expenses | |
| 21,575,274 | | |
| 852,933 | | |
| 22,428,207 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (21,575,274 | ) | |
$ | (852,933 | ) | |
$ | (22,428,207 | ) |
| |
| | | |
| | | |
| | |
Net loss attributable to common stockholders | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
Net loss per share, basic and diluted | |
$ | (0.49 | ) | |
$ | (0.02 | ) | |
$ | (0.51 | ) |
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
| |
| | | |
| | | |
| | |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Stock-based compensation expense | |
$ | 9,249,462 | | |
$ | (325,494 | ) | |
$ | 8,923,968 | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Net loss for period | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
Balance, June 30, 2023 | |
| (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
| |
| | | |
| | | |
| | |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Stock-based compensation | |
| 9,249,462 | | |
| 507,933 | | |
| 9,757,395 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | (187,796 | ) | |
$ | 345,000 | | |
$ | 157,204 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (13,367,980 | ) | |
$ | - | | |
$ | (13,367,980 | ) |
CONDENSED
CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended September 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 2,948,846 | | |
$ | 105,152 | | |
$ | 3,053,998 | |
Research and development | |
| 2,155,314 | | |
| 1,458,538 | | |
| 3,613,852 | |
Exploration | |
| 1,279,782 | | |
| 70,138 | | |
| 1,349,920 | |
Total operating expenses | |
| 6,383,942 | | |
| 1,633,827 | | |
| 8,017,769 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (6,383,942 | ) | |
$ | (1,633,827 | ) | |
$ | (8,017,769 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization of financing costs | |
$ | (706,731 | ) | |
$ | (26,165 | ) | |
$ | (732,896 | ) |
Total other income (expense) | |
| (848,043 | ) | |
| (26,165 | ) | |
| (874,208 | ) |
| |
| | | |
| | | |
| | |
Net loss attributable to common stockholders | |
$ | (7,231,985 | ) | |
$ | (1,659,992 | ) | |
$ | (8,891,977 | ) |
Net loss per share, basic and diluted | |
$ | (0.16 | ) | |
$ | (0.03 | ) | |
$ | (0.19 | ) |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended September 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Stock-based compensation expense | |
| 1,921,442 | | |
| 981,396 | | |
| 2,902,838 | |
Balance, September 30, 2023 | |
$ | 226,317,285 | | |
$ | 655,903 | | |
$ | 226,973,188 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
Net loss for period | |
| (7,231,985 | ) | |
| (1,659,992 | ) | |
| (8,891,977 | ) |
Balance, September 30, 2023 | |
$ | (167,205,560 | ) | |
$ | (2,512,926 | ) | |
$ | (169,718,486 | ) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
| |
| Three months ended September 30, 2023
| |
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (7,231,985 | ) | |
$ | (1,659,992 | ) | |
$ | (8,891,977 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Accretion expense | |
$ | 256,459 | | |
$ | 26,165 | | |
$ | 282,624 | |
Stock-based compensation | |
| 1,921,442 | | |
| 1,447,827 | | |
| 3,369,269 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 228,071 | | |
$ | 186,000 | | |
$ | 414,071 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (4,758,984 | ) | |
$ | - | | |
$ | (4,758,984 | ) |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONDENSED
CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 4,310,452 | | |
$ | 106,264 | | |
$ | 4,416,716 | |
Research and development | |
| 3,148,873 | | |
| 420,294 | | |
| 3,569,167 | |
Exploration costs | |
| 771,523 | | |
| 51,902 | | |
| 823,425 | |
Total operating expenses | |
| 8,230,848 | | |
| 578,459 | | |
| 8,809,307 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (8,230,848 | ) | |
$ | (578,459 | ) | |
$ | (8,809,307 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization and accretion of financing costs | |
$ | (1,053,766 | ) | |
$ | (78,492 | ) | |
$ | (1,132,258 | ) |
Change in fair value of derivative liability | |
| - | | |
| (229,473 | ) | |
| (229,473 | ) |
Total other income (expense) | |
| (1,060,587 | ) | |
| (307,965 | ) | |
| (1,368,552 | ) |
| |
| | | |
| | | |
| | |
Net loss | |
$ | (9,291,435 | ) | |
$ | (886,424 | ) | |
$ | (10,177,859 | ) |
Net loss per share, basic and diluted | |
$ | (0.19 | ) | |
$ | (0.02 | ) | |
$ | (0.21 | ) |
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 7,259,298 | | |
$ | 211,415 | | |
$ | 7,470,713 | |
Research and development | |
| 5,304,187 | | |
| 1,878,831 | | |
| 7,183,018 | |
Exploration costs | |
| 2,051,305 | | |
| 122,040 | | |
| 2,173,345 | |
Total operating expenses | |
| 14,614,790 | | |
| 2,212,286 | | |
| 16,827,076 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (14,614,790 | ) | |
$ | (2,212,286 | ) | |
$ | (16,827,076 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization and accretion of financing costs | |
$ | (1,760,497 | ) | |
$ | (104,657 | ) | |
$ | (1,865,154 | ) |
Change in fair value of derivative liability | |
| - | | |
| (229,473 | ) | |
| (229,473 | ) |
Total other income (expense) | |
| (1,908,630 | ) | |
| (334,130 | ) | |
| (2,242,760 | ) |
| |
| | | |
| | | |
| | |
Net loss | |
$ | (16,523,420 | ) | |
$ | (2,546,416 | ) | |
$ | (19,069,836 | ) |
Net loss per share, basic and diluted | |
$ | (0.35 | ) | |
$ | (0.05 | ) | |
$ | (0.40 | ) |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONDENSED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
| |
Three months ended December 31, 2023 | |
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, September 30, 2023 | |
$ | 226,317,285 | | |
$ | 655,903 | | |
$ | 226,973,188 | |
Stock-based compensation expense | |
| 3,836,466 | | |
| 146,877 | | |
| 3,983,343 | |
Balance, December 31, 2023 | |
$ | 243,020,935 | | |
$ | 802,779 | | |
$ | 243,823,714 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, September 30, 2023 | |
$ | (167,205,560 | ) | |
$ | (2,512,926 | ) | |
$ | (169,718,486 | |
Net loss for period | |
| (9,291,435 | ) | |
| (886,424 | ) | |
| (10,177,859 | ) |
Balance, December 31, 2023 | |
$ | (176,496,995 | ) | |
$ | (3,399,350 | ) | |
$ | (179,896,345 | ) |
CONDENSED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Stockholders’ Equity | |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Stock-based compensation expense | |
| 5,757,908 | | |
| 1,128,273 | | |
| 6,886,181 | |
Balance, December 31, 2023 | |
$ | 243,020,935 | | |
$ | 802,779 | | |
$ | 243,823,714 | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
Net loss for period | |
| (16,523,420 | ) | |
| (2,546,416 | ) | |
| (19,069,836 | ) |
Balance, December 31, 2023 | |
$ | (176,496,995 | ) | |
$ | (3,399,350 | ) | |
$ | (179,896,345 | ) |
CONDENSED CONSOLIDATED STATEMENTS
OF CASH FLOWS
| |
| | |
| | |
| |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (16,523,420 | ) | |
$ | (2,546,416 | ) | |
$ | (19,069,836 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Accretion of financing costs | |
$ | 1,760,497 | | |
$ | 104,657 | | |
$ | 1,865,154 | |
Stock-based compensation | |
| 5,757,908 | | |
| 1,933,603 | | |
| 7,691,511 | |
Shares issued for professional services | |
| (132) | | |
| (316 | ) | |
| (448 | ) |
Change in fair value of derivative liability | |
| - | | |
| 229,473 | | |
| 229,473 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 2,223,865 | | |
$ | 279,000 | | |
$ | 2,502,865 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (7,418,700 | ) | |
$ | - | | |
$ | (7,418,700 | ) |
b)
Use of Estimates
The
preparation of these consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reporting periods. The Company regularly evaluates estimates
and assumptions related to the fair value of stock-based compensation, valuation and recoverability of long-lived assets and intangible
assets subject to impairment testing, and deferred income tax asset valuation allowances.
The
Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be
reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and
liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by
the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between
the estimates and the actual results, future results of operations may be affected.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
2.
Summary of Significant Accounting Policies (continued)
c)
Long-Lived Assets
Long-lived
assets, such as property and equipment, mineral properties, and purchased intangibles, are evaluated for impairment whenever events or
changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with ASC 360, “Property,
Plant, and Equipment.” Circumstances which could trigger a review include, but are not limited to: significant decreases in the
market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly
in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses
combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that
the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. The Company’s
long-lived assets consist of buildings, vehicles, equipment, and land. Buildings, vehicles, and equipment are depreciated on a straight-line
basis over their estimated value lives ranging between three and thirty years.
The
recoverability of assets is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected
to be generated by an asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized
as the amount by which the carrying amount exceeds the estimated fair value of the asset. Any impairment in value is recognized as an
expense in the period when the impairment occurs. No impairment charges were recorded in the three or nine months ended March 31, 2024.
Expenses
for major repairs and maintenance which extend the useful lives of property and equipment are capitalized. All other maintenance expenses,
including planned major maintenance activities, are expensed as incurred. Gains or losses from property disposals are included in income
or loss from operations.
d)
Mining Properties
Costs
of lease, exploration, carrying and retaining unproven mineral properties are expensed as incurred. The Company expenses all mineral
exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its
investigation of its properties and upon development of a plan for operating a mine, it will enter the development stage and capitalize
future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized
on a units-of-production basis over the proven and probable reserves following the commencement of production. Interest expense allocable
to the cost of developing mining properties and to construct new facilities is capitalized until assets are ready for their intended
use.
To
date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being
expensed.
ASC
930-805, “Extractive Activities-Mining: Business Combinations,” states that mineral rights consist of the legal right to
explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights which are
considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition
date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs
associated with acquiring patented and unpatented mining claims.
e)
Intangible Assets
Intangible
assets consist of water rights that have indefinite useful lives are tested annually for impairment, or more frequently if events and
circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount of the
asset group exceeds its fair value. Annually, or when there is a triggering event, the Company first performs a qualitative assessment
by evaluating all relevant events and circumstances to determine if it is more likely than not that the indefinite-lived intangible assets
are impaired; this includes considering any potential effect on significant inputs to determining the fair value of the indefinite-lived
intangible assets. When it is more likely than not that an indefinite-lived intangible asset is impaired, then the Company calculates
the fair value of the intangible asset and performs a quantitative impairment test. No impairment charges were recorded in the three
or nine months ended March 31, 2024.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
2.
Summary of Significant Accounting Policies (continued)
f)
Loss per Share
The
Company computes net income (loss) per share in accordance with ASC 260, “Earnings per Share.” ASC 260 requires presentation
of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing
net income (loss) attributable to common stockholders (numerator) by the weighted average number of shares outstanding (denominator)
during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury
stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the
period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants and awards. At
March 31, 2024, the Company had 10,581,138 potentially dilutive shares outstanding, consisting of 1,355,853 from convertible notes, 5,757,894
from warrants and 3,467,391 from share awards outstanding. As the Company has reported losses for all periods presented, all potentially
dilutive securities are anti-dilutive, and accordingly, basic net loss per share equaled diluted net loss per share.
g)
Stock-based Compensation
The
Company records stock-based compensation in accordance with ASC 718, “Stock Compensation,” using the fair value method. All
transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based
on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the
fair value of the equity instruments issued. The Company utilizes the Black Scholes method when calculating stock-based compensation
expense relating to stock option awards and warrants.
The
Company records the stock-based compensation expense attributed to share awards in accordance with US GAAP using the graded-vesting method.
The Company amortizes the grant date fair value over the respective vesting period, beginning with recognition on the date of grant.
Compensation in the form of warrants is limited to executives, and recorded as a liability until the warrant is exercised or expires.
Executives may also receive compensation in the form of RSUs that are recorded as a liability until the award is settled in shares of
common stock. The liability classification of these awards is based on the total value of the award granted at a fixed value but settled
in a variable number of warrants or RSUs until the milestones are achieved and the warrants or RSUs are issued.
h)
Exploration Costs
Mineral
property acquisition costs are capitalized as incurred. Exploration and evaluation costs are expensed as incurred until proven and probable
reserves are established. The Company assesses the carrying costs for impairment under ASC 360, “Property, Plant, and Equipment,”
at each period end. When it has been determined that a mineral property can be economically developed as a result of establishing proven
and probable reserves, the costs then incurred to develop such property are capitalized on a prospective basis. Such costs will be amortized
using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned
or impaired, any capitalized costs will be charged to operations. As of March 31, 2024 and 2023, the Company has not capitalized any
such mineral property costs.
i)
Research and Development Costs
Research
and development (“R&D”) costs are accounted for in accordance with ASC 730, “Research and Development.” ASC
730-10-25 requires that all R&D costs be recognized as an expense as incurred. However, some costs associated with R&D activities
that have an alternative future use (e.g., materials, equipment, facilities) may be capitalizable.
The
Company has been awarded federal grant awards for specific R&D programs. Under Accounting Standards Update (“ASU”) No.
2021-10 “Government Assistance,” the Company recognizes invoiced government funds as an offset to R&D costs in the period
the qualifying costs are incurred. As the federal grants receivable are not deemed to have any significant realization risk, the Company
believes this best reflects the expected net expenditures associated with these programs.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
2.
Summary of Significant Accounting Policies (continued)
j)
Leases
The
Company follows the guidance of ASC 842, “Leases,” which requires an entity to recognize a right-of-use (“ROU”)
asset and a lease liability for virtually all leases. Operating lease ROU assets and liabilities are recognized at commencement date
based on the present value of lease payments over the lease term. ROU assets represent the Company’s right to use an underlying
asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease.
The Company determines the present value of lease payments utilizing its incremental borrowing rate, as the implicit rate of interest
in the respective leases is not readily determinable. The Company’s incremental borrowing rate is a hypothetical rate based on
its understanding of what its credit rating would be.
The
Company has elected not to recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less.
The Company recognizes the lease payments associated with its short-term office space leases as an expense on a straight-line basis over
the lease term. Variable lease payments associated with these leases are recognized and presented in the same manner as for all other
Company leases.
k)
Income Taxes
The
Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes.” The asset
and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary
differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards.
Deferred
tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are
expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely
than not to be realized.
Any
uncertain tax position liabilities have been applied against the deferred tax balance given that there is a sufficient net operating
loss to cover any penalties and fees associated with the uncertain tax position. The Company assesses each of its identified uncertain
positions and determines whether any potential penalties and interest liability should be accrued at the balance sheet dates.
Due
to the Company’s cumulative loss position since inception, the likelihood of deferred tax assets being realized does not meet the
more likely than not assessment guidelines. Accordingly, a valuation allowance equal to the deferred tax asset has been recorded at March
31, 2024 and June 30, 2023.
l)
Accounting Pronouncements
In
November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.”
The amendment in this update expands segment disclosures by requiring disclosures about significant segment expenses that are regularly
provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description
of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. This update
is effective for our annual report for fiscal year 2025, for interim period reporting beginning in fiscal year 2026, with early adoption
permitted, and will be applied retrospectively to all prior periods presented in the financial statements. We are currently evaluating
the timing of adoption and the impact of this ASU on our Consolidated Financial Statements and related disclosures.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
In
December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvement to Income Tax Disclosures.” The amendments
further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income
taxes paid by jurisdiction. This ASU is effective for our annual report for fiscal year 2026, with early adoption permitted, and should
be applied either prospectively or retrospectively. We are currently evaluating the timing of adoption and impact of this ASU on our
Consolidated Financial Statements and related disclosures.
m)
Derivative Financial Instruments
The
Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded
derivatives in accordance with ASC 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted
for as liabilities, the derivative instrument is initially recorded at its fair value on the issuance date and is then re-valued at each
reporting date, with changes in the fair value reported in earnings in the condensed consolidated statements of operations.
n)
Convertible Notes
The
Company evaluates all conversion, repurchase and redemption features contained in a debt instrument to determine if there are any embedded
features that require bifurcation as a derivative. The Company accounts for its convertible notes as a long-term liability, with the
current portion reclassified to a short-term liability, equal to the proceeds received from issuance, including any embedded conversion
features, net of the unamortized debt discount and offering costs in the accompanying unaudited condensed consolidated balance sheets.
The debt discount, debt issuance and offering costs are amortized over the term of the convertible notes, using the effective interest
method, as interest expense in the accompanying unaudited condensed consolidated statements of operations.
o)
Inventory
Inventory
is stated at the lower of cost or market (net realizable value). The Company performs an assessment of the recoverability of capitalized
inventory during each reporting period and writes down any excess and obsolete inventories to their net realizable value in the period
in which the impairment is first identified.
p)
Cash and Cash Equivalents
The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company did not have any cash equivalents as of March 31, 2024 and June 30, 2023.
q)
Fair Value of Financial Instruments
The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under the ASC 820, “Fair Value
Measurements,” equals or approximates the carrying amounts represented in the condensed consolidated balance sheets.
r)
Other Current Assets
Other
Current Assets are comprised of payroll tax credits related to research and development activities per IRS form 6765.
s)
Accrued Claims and Contingencies
The
Company is subject to various claims and contingencies related to lawsuits. A liability is recorded for claims, legal costs or other
contingencies when the risk of loss is probable and reasonable estimable. The required reserves may change due to new developments in
each period.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
3.
Inventories
The
Company’s inventory for its lithium-ion battery recycling operation is comprised of raw materials, in the form of battery feedstock,
and finished goods, in the form of black mass and other metals. Inventory is valued at the lower of average cost or net realizable value.
The carrying value of inventory includes those costs to acquire battery feedstock and any related carrying and processing costs incurred
by the Company.
Schedule
of Inventories
| |
March 31, 2024 | | |
June 30, 2023 | |
Raw materials | |
$ | 436,968 | | |
$ | 125,204 | |
Finished goods | |
| 185,577 | | |
| - | |
Total | |
$ | 622,545 | | |
$ | 125,204 | |
4.
Government Grant and Tax Credit Awards
Grants
receivable represent qualifying costs incurred where there is reasonable assurance that the conditions of the grant have been met but
the corresponding funds have not been received as of the reporting date. As collections from the federal government have been and are
expected to continue to be timely, no allowance for doubtful accounts has been established. If amounts become uncollectible, they will
be charged to operations. Grants receivable was $527,723 and $320,457 as of March 31, 2024 and June 30, 2023, respectively. The Company
recognizes invoiced government funds as an offset to R&D costs in the period the qualifying costs are incurred.
On
January 20, 2021, the U.S. Department of Energy (“DOE”) announced that the Company had been selected for award negotiation
for a three-year project with a total budget of $4.5 million for the field demonstration of its selective leaching, targeted purification,
and electro-chemical production of battery grade lithium hydroxide from domestic claystone resources technology. Through this grant award
the Company is eligible to receive reimbursement of up to 50% of eligible expenditures, or up to $2.3 million. The prime agreement contract
for this grant (the “AMMTO grant”) was issued with a project start date of October 1, 2021. The Company began receiving funds
related to this award during the fiscal year ending June 30, 2022. As of March 31, 2024, the cumulative funds invoiced for this grant
totaled $1,560,962, which represents 68% of the total eligible reimbursements.
On
August 16, 2021, the Company received a contract award for a 30-month project with a total budget of $2.0 million from the United States
Advanced Battery Consortium (the “USABC grant”) as part of a competitively bid project, through which the Company will receive
reimbursement for up to $500,000 of eligible expenditures. The objective of the contract award is for the commercial-scale development
and demonstration of an integrated lithium-ion battery recycling system, the production of battery cathode grade metal products, the
synthesis of high energy density active cathode material from these recycled battery metals, and the fabrication of large format automotive
battery cells from these recycled materials and the testing of these cells against otherwise identical cells made from virgin sourced
metals. The Company began receiving funds related to this award during the fiscal year ending June 30, 2023. As of March 31, 2024, the
cumulative funds invoiced for this grant totaled $479,939, which represents 96% of the total eligible reimbursements.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited
On
October 21, 2022, the U.S. DOE announced that the Company had been selected for award negotiation for a five-year project with a total
budget of $115.5 million to design, construct, and commission a first-of-kind lithium hydroxide refinery using Nevada-based claystone
as the feedstock to expand domestic manufacturing of battery grade lithium hydroxide for lithium-ion batteries for electric vehicles,
with a focus on domestic processing of materials and components that are currently imported from foreign countries. Through this grant
award the Company is eligible to receive reimbursement of up to 50% of eligible expenditures, up to $57.7 million. The prime agreement
contract for this grant was issued with a project start date of September 1, 2023. The Company began receiving funds related to this
award during the period ending December 31, 2023. As of March 31, 2024, the cumulative funds invoiced for this grant totaled $1,457,877,
which represents 3% of the total eligible reimbursements.
On
November 17, 2022, the U.S. DOE announced that the Company had been selected for award negotiation for a three-year project with a total
budget of $20.0 million to demonstrate and commercialize next generation techniques for its lithium-ion battery recycling processes to
produce low-cost and low-environmental impact domestic battery materials. Through this grant award the Company is eligible to receive
reimbursement of up to 50% of eligible expenditures, up to $10.0 million. The prime agreement contract for this grant was issued with
a project start date of October 1, 2023. The Company began receiving funds related to this award during the period ending December 31,
2023. As of March 31, 2024, the cumulative funds invoiced for this grant totaled $421,735, which represents 4% of the total eligible
reimbursements.
On
March 28, 2024, ABTC was selected for a tax credit for up to $19.5 million through the Qualifying Advanced Energy Project Credits program
(48C). This tax credit was granted by the U.S. Department of Treasury Internal Revenue Service following a highly competitive technical
and economic review process performed by the U.S.DOE, which evaluated the feasibility of applicant facilities to advance America’s
buildout of globally competitive critical material recycling, processing, and refining infrastructure. This tax credit may be utilized
both for the reimbursement of capital expenditures spent to date at ABTC’s battery recycling facility in the Tahoe-Reno Industrial
Center (TRIC) in Storey County, Nevada.
Also
on March 28, 2024, ABTC was selected for an additional tax credit of up to $40.5 million through the 48C program, which may be used in
support of the design and construction of a new commercial battery recycling facility to be located in the United States.
5.
Other Deposits
On
March 1, 2023, the Company and Linico Corporation (“Linico”) entered into an Asset Purchase Agreement (“APA”)
whereby the Company acquired specific tangible equipment and personal property for an aggregate purchase price of $6.0 million. Contemporaneously
with the signing of the APA, the Company and Linico entered into another agreement, the Membership Interest Purchase Agreement (“MIPA”),
whereby the Company would acquire 100% of the membership interests in Aqua Metals Transfer, LLC, principally real property consisting
of land and a building in the Tahoe-Reno Industrial Center (TRIC) at 2500 Peru Drive, McCarran, Nevada, for an aggregate purchase price
of $21.6 million. The purchase was finalized on August 11, 2023 at which time the aggregate total of $27.6 million worth of deposits
was bifurcated into both real and personal property assets, inclusive of both agreements (See Note 6).
On
June 30, 2023, the Company and Linico entered into an amendment to the MIPA. Pursuant to the terms of the amended agreement, the parties
agreed to (i) remove the requirement that $1.5 million of the purchase price be held in escrow for the settlement of indemnification
claims, (ii) transfer back to the Company 128,206 common shares, previously issued by the Company, in exchange for the elimination of
such indemnification escrow, (iii) add a purchase price adjustment to the extent that, as of four months after the registration statement
on Form S-3 filed by the Company is declared effective by the SEC, the value of the portion of the purchase price comprised of shares
does not equal at least $6.0 million, (iv) provide for an interim water rights agreement through the final purchase price payment date,
(iv) advance the closing date to as soon as practicable after the declaration of effectiveness of the resale registration statement on
Form S-3, and (v) remove the deadline to close the acquisition by June 30, 2023.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
6.
Property, Plant and Equipment
The
table below presents the property, plant and equipment as of March 31, 2024 and June 30, 2023:
Schedule of Property and Equipment
| |
Land | | |
Building | | |
Equipment | | |
Total | |
Cost: | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 6,728,838 | | |
$ | 17,508,486 | | |
$ | 5,870,496 | | |
$ | 30,107,820 | |
Additions | |
| 4,126,833 | | |
| 22,406,792 | | |
| 9,213,570 | | |
| 35,747,196 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, March 31, 2024 | |
$ | 10,855,671 | | |
$ | 39,915,278 | | |
$ | 15,084,066 | | |
$ | 65,855,016 | |
| |
| | | |
| | | |
| | | |
| | |
Accumulated Depreciation: | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | - | | |
$ | - | | |
$ | 161,721 | | |
$ | 161,721 | |
Additions | |
| | | |
| | | |
| 106,644 | | |
| 106,644 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, March 31, 2024 | |
$ | - | | |
$ | - | | |
$ | 268,365 | | |
$ | 268,365 | |
| |
| | | |
| | | |
| | | |
| | |
Carrying Amounts: | |
| | | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 6,728,838 | | |
$ | 17,508,486 | | |
$ | 5,708,775 | | |
$ | 29,946,099 | |
Balance, March 31, 2024 | |
$ | 10,855,671 | | |
$ | 39,915,278 | | |
$ | 14,815,702 | | |
$ | 65,586,651 | |
On
August 11, 2023, the Company finalized the purchase of its commercial-scale battery recycling facility located in the TRIC, as indicated
in Note 5. At that time, the aggregate total of $27.6 million in deposits was reclassified to Property, Plant and Equipment. The Company
has installed additional equipment on site to accelerate the first commercial scale implementation of its internally developed lithium-ion
battery recycling technologies.
7.
Mining Properties
On
July 21, 2022, the Company exercised the option to purchase the rights to unpatented lode claims in Tonopah, Nevada. Since that time,
the Company has worked with third parties to conduct drill programs and analysis to verify the grade and continuity of the mining claims.
Over 50% of the inferred mineral resources have been upgraded to measured and indicated classifications. The Company is still in the
exploration stage and expenses all mineral exploration costs. If the Company identifies proven and probable reserves and develops an
economic plan for operating a mine, it will enter the development stage and capitalize future costs until production is established.
8.
Intangible Assets
On
September 12, 2023, the Company acquired approximately 40.52-acre feet of water rights from the Thomas C. Woodward Living Trust, valued
at $0.1 million. The water rights are treated in accordance with ASC 350, “Intangible Assets,” and have an unlimited useful
life subject to beneficial use.
The
Company’s acquisition of the commercial-scale battery recycling facility at the TRIC included water rights valued at $0.6 million
and are described as an eighteen and forty-five one-hundredths (18.45) acre-foot/annually portion of the Truckee-Carson Irrigation District,
Serial Number 1081-A-1. These are appurtenant to a certain real property located in Storey County, Nevada, described as Storey County
Assessor Parcel Number 021-37-104 and have an unlimited useful life upon assignment to a property through use of a will-serve, which
has no expiration date.
The
table below presents total intangible assets at:
Schedule of Intangible Assets
| |
March 31, 2024 | | |
June 30, 2023 | |
Water rights | |
$ | 4,584,831 | | |
$ | 3,851,899 | |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
9.
Accounts Payable and Accrued Liabilities
The
table below presents total accounts payable and accrued liabilities at:
Schedule of Accounts Payable and Accrued Liabilities
| |
March 31, 2024 | | |
June 30, 2023 | |
Trade payables | |
$ | 2,949,290 | | |
$ | 1,831,686 | |
Accrued fixed assets | |
| 1,999,331 | | |
| 4,404,034 | |
Accrued expenses | |
| 1,226,040 | | |
| 1,377,660 | |
Right-of-use liability, current | |
| 86,030 | | |
| 121,484 | |
Total accounts payable and accrued liabilities | |
$ | 6,260,691 | | |
$ | 7,734,864 | |
10.
Notes Payable
On
May 17, 2023, the Company entered into a Credit Agreement (the “Credit Agreement”) with Mercuria Investments US, Inc. for
pre-payment on the purchase of the Company’s recycled battery metal products. As such, inventory serves as collateral for outstanding
balances. The Credit Agreement provides for an aggregate loan amount of up to $20 million, comprised of (i) an initial term loan in the
aggregate principal amount of $6 million and (ii) delayed draw term loan commitments in an aggregate amount equal to $14 million. Borrowings
under the Credit Agreement carry interest calculated as the secured overnight financing rate published on the Federal Reserve Bank of
New York’s website, plus the applicable credit spread adjustment, based on the elected interest period, plus an applicable margin
rate of 6%. The agreement contains provisions that allow the Company to remit principal and interest payments via future delivery of
its initial recycling byproduct, black mass.
On
August 30, 2023, the Company caused the repayment in full of all indebtedness, liabilities and other obligations under, and terminated,
its former credit agreement, dated as of May 17, 2023 by and among the Company, as Borrower, and Mercuria Investments US, Inc., as Agent.
The Company did not incur any material early termination penalties because of such termination of the credit agreement. The Company remains
engaged with Mercuria Investments US, Inc. in a marketing and presale capacity.
On
August 29, 2023, the Company and High Trail (the “Buyers”) entered into a Securities Purchase Agreement (the “Purchase
Agreement”), pursuant to which the Company sold to the Buyers up to $51.0 million of a new series of senior secured convertible
notes (the “Notes”). To date, $25.0 million has been received and $12.6 million has been repaid. The remaining $26 million
under the facility includes $13.5 million with the condition that the Company started trading on the Nasdaq Capital Market, had $250,000
in sales, and establish an ATM or ELOC, and another $12.5 million at the discretion of the Buyers. Buyers may request partial redemptions
of up to an aggregate of $1.8 million on the 15th of each month or may convert the Notes into shares of common stock of the
Company (“Conversion Shares”) at a conversion rate of 110% of the last reported sales price on the date of the agreement
to acquire such Notes. The Notes bear zero coupon, mature on September 1, 2025, require a minimum of $5.0 million maintained in cash
and cash equivalents, and are secured by certain real property and cash and investment accounts of the Company.
The
Company analyzed the conversion features of the Notes for derivative accounting considerations under ASC 815-15, “Derivatives and
Hedging,” and determined a conversion option should be bifurcated and separately accounted for as a derivative liability. Accordingly,
the derivative liability is carried at fair value at each reporting date with the corresponding gain or loss reflected in earnings in
the condensed consolidated statements of operations. See Correction of Previously Issued Consolidated Financial Statements in
Note 2. The Company determined the derivative liability to have a fair value of $0.4 million at issuance of the Notes. For the three
and nine months ended March 31, 2024, the Company recorded a loss on the change in fair value of the derivative liability of $0.2 million
and $0.4 million, respectively. As of March 31, 2024, the fair value of the derivative liability was $0.8 million. The fair value of the derivative liability is classified within Level 3 of the fair value hierarchy and was determined
using the Black-Scholes option pricing model with assumptions as of March 31, 2024 including a volatility of 81.1% and a risk-free-rate
of 4.79%.
Note
discount and issuance costs totaled $4.7 million and reduced the carrying value of the Notes as a debt discount. The carrying value,
net of debt discount and issuance costs, is being accreted over the term of the Notes from date of issuance to date of full repayment,
expected to be in October 2024 based on partial redemption payments, using the effective interest rate method. For the nine months ended
March 31, 2024, amortization of debt discount and issuance costs totaled $2.8 million.
The
table below presents the net carrying amounts of the Notes as of:
Schedule of Net Carrying Amounts of the Notes
| |
March 31, 2024 | | |
June 30, 2023 | |
Principal outstanding | |
$ | 12,483,333 | | |
$ | - | |
Unamortized debt discount and issuance costs | |
| (2,520,864 | ) | |
| - | |
Derivative liability associated with convertible notes | |
| 366,298 | | |
| - | |
Changes in fair market value of derivative liability | |
| 419,739 | | |
| - | |
Net carrying value | |
$ | 10,748,506 | | |
$ | - | |
The
table below presents the maturities of notes payable as of March 31, 2024:
Schedule of Maturities of Notes Payable
| |
| |
March 31, 2025 | |
$ | 12,483,333 | |
March 31, 2026 | |
| - | |
Total note payments | |
| 12,483,333 | |
Less: unamortized debt discount and issuance costs | |
| (2,520,864 | ) |
Derivative liability, at fair value, less amortization | |
| 786,037 | |
Total notes payable | |
$ | 10,748,506 | |
| |
| | |
Notes payable, current | |
$ | 10,748,506 | |
Notes payable, non-current | |
$ | - | |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
11.
Leases
A
lease provides the lessee the right to control the use of an identified asset for a period in exchange for consideration. Operating lease
right-of-use assets (“RoU assets”) are presented within the asset section of the Company’s consolidated balance sheets,
while lease liabilities are included within the liability section of the Company’s consolidated balance sheets at March 31, 2024
and June 30, 2023.
RoU
assets represent the Company’s right to use an underlying asset for the lease term and operating lease liabilities represent the
Company’s obligation to make lease payments arising from the lease. The Company determines if an arrangement is a lease at inception.
RoU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease
term. Most operating leases contain renewal options that provide for rent increases based on prevailing market conditions. The terms
used to calculate the RoU assets for certain properties include the renewal options that the Company is reasonably certain to exercise.
The
discount rate used to determine the commencement date present value of lease payments is the interest rate implicit in the lease, or
when that is not readily determinable, the Company estimates a rate of 8.0% for the nine months ending March 31, 2024 and 2023, based
primarily on historical lending agreements. RoU assets include lease payments required to be made prior to commencement and exclude lease
incentives. Both RoU assets and the related lease liability exclude variable payments not based on an index or rate, which are treated
as period costs. The Company’s lease agreements do not contain significant residual value guarantees, restrictions, or covenants.
The
Company occupies office facilities under lease agreements that expire at various dates, many of which do not exceed a year in length.
Total operating lease costs for the nine months ended March 31, 2024 and 2023, were each approximately $0.1 million. The Company does
not have any finance leases as of March 31, 2024 and 2023.
As
of March 31, 2024, current lease liabilities of $0.1 million are included in “Accounts payable and accrued liabilities” on
the consolidated balance sheets. The table below presents total operating lease RoU assets and lease liabilities at March 31, 2024 and
June 30, 2023:
Schedule
of Operating Lease ROU Assets and Lease Liabilities
| |
March 31, 2024 | | |
June 30, 2023 | |
Operating lease right-of-use asset | |
$ | 67,366 | | |
$ | 143,154 | |
Operating lease liabilities | |
$ | 86,030 | | |
$ | 175,788 | |
The
table below presents the maturities of operating lease liabilities as of March 31, 2024:
Schedule
of Maturity of Operating Lease Liabilities
| |
| | |
March 31, 2025 | |
$ | 88,632 | |
March 31, 2026 | |
| - | |
Total lease payments | |
| 88,632 | |
Less: discount | |
| (2,601 | ) |
| |
| | |
Total operating lease liabilities | |
$ | 86,030 | |
| |
| | |
Operating lease liabilities, current | |
$ | 86,030 | |
Operating lease liabilities, non-current | |
$ | - | |
The
table below presents the weighted average remaining lease term for operating leases and weighted average discount rate used in calculating
operating lease right-of-use asset as of March 31, 2024.
Schedule
of Weighted Average Remaining Lease Term for Operating Leases and Weighted Average Discount Rate
Weighted average lease term (years) | |
| 0.67 | |
Weighted average discount rate | |
| 8.00 | % |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
12.
Stockholders’ Equity
On
September 21, 2023, the Company’s common stock began trading on the Nasdaq Capital Market under the symbol “ABAT.”
The Company was previously traded on the OTCQX Markets under the symbol “ABML.”
Preferred
Stock
Our
amended and restated articles of incorporation authorize shares of preferred stock and provide that shares of preferred stock may be
issued from time to time in one or more series. Our board of directors will be authorized to fix the voting rights, if any, designations,
powers, preferences, the relative, participating, optional or other special rights and any qualifications, limitations and restrictions
thereof, applicable to the shares of each series. Our board of directors will be able to, without stockholder approval, issue shares
of preferred stock with voting and other rights that could adversely affect the voting power and other rights of the holders of the common
stock and could have anti-takeover effects. The ability of our board of directors to issue shares of preferred stock without stockholder
approval could have the effect of delaying, deferring or preventing a change of control of us or the removal of existing management.
To
date, the Company has authorized a total of 1,666,667 shares of preferred stock. Of this amount the Company has designated a total of
233,334 shares to three classes of preferred stock, Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock.
As of June 30, 2023 and March 31, 2024, no shares of any of these classes are issued and outstanding. A description of each class of
preferred stock is listed below.
Series
A Preferred Stock
The
Company has 33,334 shares of Series A Preferred Stock authorized with a par value of $0.001 per share. The Company had nil shares of
Series A Preferred Stock issued and outstanding on March 31, 2024, and June 30, 2023.
Series
B Preferred Stock
The
Company has 133,334 shares of Series B Preferred Stock authorized with a par value of $10.00 per share. The Company had nil shares of
Series B Preferred Stock issued and outstanding on March 31, 2024, and June 30, 2023.
Series
C Preferred Stock
The
Company has 66,667 shares of Series C Preferred Stock authorized with a par value of $10.00 per share. The Company had nil shares of
Series C Preferred Stock issued and outstanding on March 31, 2024, and June 30, 2023.
Common
Stock
The
Company has 80.0 million shares of common stock authorized, with a par value of $0.001 per share.
On
September 11, 2023, in preparation for listing on the Nasdaq Capital Market, the Company implemented a one-for-fifteen (1-for-15) reverse
split of our common stock. Prior to the reverse stock split the Company had 692,068,218 shares of common stock issued and outstanding,
and after the reverse stock split, the Company had approximately 46,137,882 shares of common stock issued and outstanding. Immediately
after the reverse stock split, each stockholder’s percentage ownership interest in the Company and proportional voting power remained
unchanged aside from rounding fractional shares into whole shares, resulting in an additional 59,164 common shares issued. The reverse
stock split did not change the par value of the common stock or preferred stock.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
12.
Stockholders’ Equity (continued)
Common
Stock (continued)
Nine
months ended March 31, 2024:
During
the period the Company issued 1,326 common shares that were previously listed as issuable as of June 30, 2023. These shares for professional
services relate to previously earned board compensation.
During
the period, the Company issued 909,972 common shares with an issuance date fair value of $4.6 million to executives, directors and employees
pursuant to share award service and performance achievements. This included 171,500 RSUs granted upon election by officers of the Company
to receive warrants and RSUs in lieu of cash bonuses.
On
July 28, 2023, the Company recorded an increase of $0.2 million to stockholders’ equity for the change in fair value between the
balance sheet date of June 30, 2023 and the fair value on the date the shares were returned. These shares were pursuant to the Company
modifying its building purchase agreement to nullify a $1.5 million indemnification requirement and reclaim 128,205 shares that it had
previously issued to the Selling Stockholder (See Note 5).
During
the period, the Company filed prospectus supplements related to the offer and sale from time to time of up to 8,666,667 common shares
directly by the Company at market prices, to Tysadco Partners, LLC, a Delaware limited liability company, pursuant to the terms of written
sales agreement(s) (“Tysadco Agreement”). Pursuant to the Tysadco Agreement, the Company may offer and sell up to 8,666,667
common shares of the Company at a purchase price of 95% of the weighted-average price, with a minimum request of 33,333 shares. During
the period, the Company sold 8,209,262 common shares for total proceeds of $27.8 million, of which $2.4 million is recorded as a subscription
receivable on the condensed consolidated balance sheet at March 31, 2024.
During
the period, the Company issued 45,545 common shares pursuant to cashless exercise of 50,000 share purchase warrants exercised as of June
30, 2023. During the period, the Company received cash proceeds of $37,500 pursuant to 33,334 share purchase warrants. Also during the
period, the Company issued 39,883 common shares pursuant to cashless exercise of 66,667 share purchase warrants.
During
the period, the Company recognized stock-based compensation expense of approximately $12.3 million, which was an increase to additional
paid-in capital, a component of stockholders’ equity. Of the amount, approximately $4.4 million was recognized for officers and
directors of the Company. See Correction of Previously Issued Consolidated Financial Statements in Note 2.
Nine
months ended March 31, 2023:
During
the period, the Company issued 293,908 common shares pursuant the vesting of restricted share units issued to employees and directors
of the Company. Of the vested shares, 166,574 common shares with a fair value of approximately $1.7 million were issued to officers of
the Company.
During
the period, the Company sold 8,209,262 common shares pursuant the Share Purchase Agreement, effective April 2, 2021. The proceeds totaled
$3.6 million, all of which were received prior to March 31, 2023.
During
the period the Company issued 10,009 common shares for professional services, with a fair value of approximately $104,000.
During
the period, the Company recognized stock-based compensation expense of approximately $6.1 million, which was an increase to additional
paid-in capital, a component of stockholders’ equity. Of the amount, approximately $2.7 million was recognized for officers and
directors of the Company.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
13.
Share Purchase Warrants
During
the nine months ended March 31, 2024, there were 73,217 common shares issued related to warrants exercised, of which 39,883 were issued
pursuant to a cashless exercise of 66,667 share purchase warrants. In addition, there were 249,119 warrants vested related to previously
granted stock-based compensation to officers of the Company, and 171,500 warrants granted upon election by officers of the Company to
receive warrants and RSUs in lieu of cash bonuses.
Schedule
of Share Purchase Warrants Activity
| |
Number of Warrants | | |
Weighted Average Exercise Price | |
| |
| | |
| |
Balance, June 30, 2023 | |
| 5,729,360 | | |
$ | 14.53 | |
Granted | |
| 236,271 | | |
| 3.59 | |
Exercised | |
| (100,002 | ) | |
| (1.13 | ) |
Expired | |
| (107,735 | ) | |
| (3.75 | ) |
Balance, March 31, 2024 | |
| 5,757,894 | | |
$ | 14.55 | |
Additional
information regarding share purchase warrants as of March 31, 2024, is as follows:
Schedule
of Additional Information Regarding Share Purchase Warrants
| |
Outstanding and Exercisable | |
Range of Exercise Prices | |
Number of Warrants | | |
Weighted Average Remaining Contractual Life (years) | |
| |
| | | |
| | |
$1.13 - $4.33 | |
| 919,214 | | |
| 0.33 | |
$6.53 - $13.13 | |
| 3,015,705 | | |
| 1.24 | |
$23.10 - $26.25 | |
| 1,822,975 | | |
| 0.74 | |
| |
| 5,757,894 | | |
| 2.31 | |
14.
Equity Compensation Awards
The
Company has established the 2021 Retention Plan (“the Retention Plan”) to issue shares in the effort to retain key executives,
directors, and employees. The Retention Plan allows for several different types of awards to be granted, including but not limited to,
restricted share units and restricted share awards, collectively referred to as “share awards”. Share awards generally have
the same expense characteristics under US GAAP and generally vest over a four-year period at a rate of 25% per annum.
Under
the Retention Plan, the Company is authorized to issue shares of common stock to employees and non-employees up to ten percent (10%)
of the total number of shares of common stock outstanding as of December 31, 2022, on a fully diluted basis. The Company adjusts the
authorized shares under the plan each December 31, while the Retention Plan remains in effect. During the nine months ended March 31,
2024 and 2023, the Company granted 1.8 million and 2.6 million share awards, respectively.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
14.
Equity Compensation Awards (continued)
The
table below reflects the share award activity for the period ended March 31, 2024:
Schedule
of Restricted Shares and Restricted Share Units Non-vested
| |
Units | | |
Weighted- Average Grant Date Fair Value per Unit | |
| |
| | |
| |
Unvested share awards at June 30, 2023 | |
| 1,736,376 | | |
$ | 8.35 | |
Granted | |
| 2,634,678 | | |
| 4.03 | |
Vested | |
| (1,092,155 | ) | |
| 5.54 | |
Other | |
| – | | |
| – | |
Forfeitures | |
| – | | |
$ | – | |
Unvested awards at March 31, 2024 | |
| 3,278,899 | | |
$ | 5.71 | |
As
awards are granted, stock-based compensation equivalent to the fair market value on the date of grant is expensed over the requisite
service period, using the graded vesting attribution method as acceptable under ASC 718, “Stock-Based Compensation.”
The
Company recognized stock-based compensation expense of $12.3 million and $ 6.1 million for the nine months ended March 31, 2024 and 2023,
respectively. Of these amounts, $5.0 million and $2.7 million, respectively, were related to officers and directors of the Company. For
the nine months ended March 31, 2024 and 2023, total stock-based compensation expense included $1.3 million and nil related to warrants awarded
to officers of the Company. As of March 31, 2024 and June 30, 2023, the equity compensation liability totaled $2.1 million and $0.8 million
related to warrants awarded to officers of the Company. See Correction of Previously Issued Consolidated Financial Statements
in Note 2. As of March 31, 2023 several grant performance targets for the fiscal year ended June 30, 2024 have been defined
via employee and retention agreements. These performance targets have not yet been achieved by employees and officers thus, the Company
has deferred any stock-based compensation recognition until such achievements are probable of achievement and approval by the board of
directors has occurred.
As
of March 31, 2024 and June 30, 2023, there were approximately $10.3 million and $8.7 million of unamortized expenses relating to outstanding
share awards to be recognized over a remaining weighted-average period of 3.0 years and 3.2 years, respectively.
The
table below presents the stock-based compensation expense per respective line item on the consolidated statements of operations for the
nine months ended March 31:
Schedule
of Stock-Based Compensation Expense
| |
2024 | | |
2023 | |
| |
| | |
| |
General and administrative | |
$ | 6,143,765 | | |
$ | 3,588,076 | |
Research and development | |
| 5,197,699 | | |
| 1,985,491 | |
Exploration | |
| 952,592 | | |
| 505,322 | |
Stock-based compensation
expense | |
$ | 12,294,056 | | |
$ | 6,078,889 | |
Executive
officers and selected other key employees are eligible to receive common share performance-based awards, as determined by the board of
directors. The payouts, in the form of share awards, vary based on the degree to which corporate operating objectives are met. These
performance-based awards typically include a service-based requirement, which is generally four-years.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
15.
Supplemental Statement of Cash Flow Disclosures
For
the nine months ended March 31:
Schedule
of Statement of Cash Flow Disclosures
| |
2024 | | |
2023 | |
| |
| | |
| |
Supplemental disclosures: | |
| | | |
| | |
| |
| | | |
| | |
Interest paid | |
$ | 16,017 | | |
$ | - | |
| |
| | | |
| | |
Non-cash investing and financing activities: | |
| | | |
| | |
| |
| | | |
| | |
Current liabilities associated with investing activities | |
| 1,999,331 | | |
| 1,938,564 | |
| |
| | | |
| | |
Deposits capitalized as investing activities | |
| 27,103,351 | | |
| 150,000 | |
16.
Commitments and Contingencies
From
time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business.
Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may
harm business. Except as otherwise identified herein, management is currently not aware of any such legal proceedings or claims that
could have, individually or in aggregate, a material adverse effect on our business, financial condition, or operating results.
Operating
Leases
The
Company leases its principal office location in Reno, Nevada. It also leases lab space at the University of Nevada, Reno on short term
leases. The principal office location lease expires on November 30, 2024 and the Lab leases expire on November 30, 2024. Consistent with
the guidance in ASC 842, The Company has recorded the principal office lease in its consolidated balance sheet as an operating lease.
For further information on operating lease commitments, see Note 11 – Leases.
Financial
Assurance:
Nevada
and other states, as well as federal regulations governing mine operations on federal land, require financial assurance to be provided
for the estimated costs of mine reclamation and closure, including groundwater quality protection programs. The Company has satisfied
financial assurance requirements using a combination of cash bonds and surety bonds. The amount of financial assurance The Company is
required to provide will vary with changes in laws, regulations, reclamation and closure requirements, and cost estimates. At March 31,
2024, The Company’s financial assurance obligations associated with U.S. mine closure and reclamation/restoration cost estimate
totaled $59,646, for which the Company is legally required to satisfy its financial assurance obligations for its mining properties in
Tonopah, Nevada. The Company was previously released of all of its liability in the Railroad Valley region of Nevada.
17.
Subsequent Events
On
April 3, 2024, the Company entered into an ATM Sales Agreement (the “Sales Agreement”) with Virtu Americas LLC (the “Sales
Agent”), pursuant to which the Company may offer and sell, from time to time through the Sales Agent, shares (the “Shares”)
of the Company’s common stock, par value $0.001 per share (the “Common Stock”), having an aggregate offering price
of up to $50,000,000, subject to the terms and conditions of the Sales Agreement. The Company has filed a prospectus supplement to its
registration statement on Form S-3 (File No. 333-252492) offering the Shares.
On
April 24, 2024, the Company announced the completion of the “Amended Resource Estimate and Initial Assessment with Project Economics
for the Tonopah Flats Lithium Project, Esmeralda and Nye Counties, Nevada, USA” (“Amended IA”) and the publication
of the S-K 1300 Technical Report Summary (“TRS”) disclosing mineral resources, including an initial economic assessment,
for the Tonopah Flats Lithium Project. The TRS was completed by RESPEC Company LLC, a qualified person, in compliance with Item 1300
of Regulation S-K and with an effective date of April 5, 2024.
ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Forward-Looking
Statements
The
following discussion of the Company’s financial condition and results of operations should be read in conjunction with the consolidated
financial statements and the notes thereto included elsewhere in this Form 10-Q and the Form 10-K for the fiscal year ended June 30,
2023. The information in this discussion contains forward-looking statements and information within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act. These forward-looking statements include, but are not limited to, statements concerning
our strategy, future operations, future financial position, future revenues, projected costs, prospects and plans and objectives of management.
The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,”
“plans,” “projects,” “will,” “would” and similar expressions are intended to identify
forward-looking statements, although not all forward-looking statements contain these identifying words. The Company may not actually
achieve the plans, intentions, or expectations disclosed in our forward-looking statements and undue reliance should not be placed on
the Company’s forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations
disclosed in the forward-looking statements that we make. These forward-looking statements involve risks and uncertainties that could
cause our actual results to differ materially from those in the forward-looking statements, including, without limitation, the risks
set forth in our filings with the SEC. The forward-looking statements are applicable only as of the date on which they are made, and
we do not assume any obligation to update any forward-looking statements except as required by applicable securities laws.
Overview
American
Battery Technology Company (the “Company”) is a new entrant in the lithium–ion battery industry that is working to
increase the domestic U.S. production of battery materials, such as lithium, nickel, cobalt, and manganese through its exploration of
new domestic-US primary resources of battery metals, development and commercialization of new technologies for the extraction of these
battery metals from primary resources, and commercialization of an internally developed integrated process for the recycling of lithium–ion
batteries. Through this three–pronged approach the Company is working to both increase the domestic production of these battery
materials, and to ensure spent batteries have their elemental battery metals returned to the domestic manufacturing supply chain in an
economical, environmentally-conscious, closed–loop fashion.
To
implement this business strategy, the Company has constructed its first integrated lithium–ion battery recycling facility, which
takes in waste and end–of–life battery materials from the electric vehicle, stationary storage, and consumer electronics
industries. The ramp-up and operations of this facility are of the highest priority to the Company, and as such it has significantly
increased the resources devoted to its execution including the further internal hiring of technical staff, expansion of laboratory facilities,
and purchasing of equipment. The Company has been awarded a competitively bid grant from the U.S. Advanced Battery Consortium to support
a $2 million project to accelerate the development and demonstration of the technologies within this integrated lithium–ion battery
recycling facility. The Company has also been awarded an additional grant from the U.S. Department of Energy to support a $20 million
project under the Bipartisan Infrastructure Law to validate, test, and deploy three next-generation disruptive advanced separation and
processing recycling technologies.
Additionally,
the Company is accelerating the demonstration and commercialization of its internally developed low–cost and low–environmental
impact processing train for the manufacturing of battery grade lithium hydroxide from Nevada–based sedimentary claystone resources.
The Company has been awarded a grant cooperative agreement from the U.S. Department of Energy’s Advanced Manufacturing and Materials
Technologies Office through the Critical Materials Innovation program to support a $4.5 million project for the construction and operation
of a multi–ton per day integrated continuous demonstration system to support the scale–up and commercialization of these
technologies. The Company has also been awarded an additional grant award under the Bipartisan Infrastructure Law to support a $115 million
project to design, construct, and commission a first-of-kind commercial-scale refinery to produce 30,000 MT of battery-grade lithium
hydroxide per year from this resource.
ABTC
has completed the construction and commissioning of its lithium hydroxide (LiOH) pilot plant, marking a significant milestone in the
commercialization of its internally-developed processes to access an unrealized domestic primary lithium resource. The construction and
commissioning of this pilot plant enables ABTC to demonstrate its technologies for accessing the lithium housed in its unconventional
resource, Tonopah Lithium Flats Project, in an integrated and continuous system, and to generate large amounts of battery grade lithium
hydroxide for delivery to customers for qualifications and evaluation. The construction and operation of this pilot demonstration plant
are supported by a competitively awarded grant from the U.S. Department of Energy (DOE) for this $4.5 million effort. Product from the
pilot plant is being sent to xxx for confirmation and validation...
ABTC
has filed an amended Initial Assessment for its Tonopah Flats Lithium Project (TFLP). The TFLP is one of the largest identified lithium
resources in the U.S., and while initial pit designs and economic analyses in previous assessments evaluated the full resource, this
updated Initial Assessment utilizes a commercialization pathway with a more rigorous mine plan that contemplates utilization of only
Measured and Indicated Mineral Resources, and excludes Inferred Mineral Resources, to supply the planned commercial-scale lithium hydroxide
monohydrate (LHM) refinery. This commercialization pathway allows for an engineered phased development, with improved access to the higher
quality portions of the resource, and at improved project economics.
On
March 28, 2024, ABTC was selected for an approximately $19.5 million tax credit through the Qualifying Advanced Energy Project
Credits program (48C). This tax credit was granted by the U.S. Department of Treasury Internal Revenue Service following a highly
competitive technical and economic review process performed by the U.S. Department of Energy (DOE), which evaluated the feasibility
of applicant facilities to advance America’s buildout of globally competitive critical material recycling, processing, and
refining infrastructure. This $19.5 million tax credit can be utilized both for the reimbursement of capital expenditures spent to
date, and also for equipment and infrastructure for additional value-add operations at ABTC’s battery recycling facility in
the Tahoe-Reno Industrial Center (TRIC) in Storey County, Nevada.
Also
on March 28, 2024, ABTC has been selected for an additional $40.5 million tax credit through the Qualifying Advanced Energy Project
Credits program (48C) to support the design and construction of a new, next-generation, commercial battery recycling facility to be
located in the United States. As with ABTC’s initial $19.5 million tax credit under the 48C program supporting the
construction and buildout of its battery recycling facility in Nevada, this additional award was granted by the U.S. Department of
Treasury Internal Revenue Service following a highly competitive technical and economic review process performed by the U.S.
Department of Energy (DOE), which evaluated the feasibility of applicant facilities to advance America’s buildout of globally
competitive critical material recycling, processing, and refining infrastructure.
Financial
Highlights:
|
● |
In
October 2023, the Company completed construction and began ramping up its first integrated lithium-ion battery recycling facility
near Reno, NV. Once fully ramped, this facility has the capacity to process approximately 20,000 MT/year of battery materials and
to produce multiple streams of battery grade metals and other byproducts. |
|
● |
The
prime agreement contract for the Company’s grant to support its $115 million project for its commercial-scale lithium hydroxide
refinery was issued with a project start date of September 1, 2023. The Company began receiving funds related to this award during
the period ended December 31, 2023. |
|
● |
The
prime agreement contract for the Company’s grant to support its $20 million project for its next-generation advanced battery
recycling technologies was issued with a project start date of October 1, 2023. The Company began receiving funds related to this
award during the period ended December 31, 2023. |
|
● |
Government
grant funding increased to $3.0 million for the nine months ended March 31, 2024 compared to $0.7 million during the same period
of the prior year. Out of the current period’s $3.0 million in grant funding, $0.8 million was recorded as an offset to fixed
assets, as reimbursements related to equipment purchases, and $2.2 million was recorded as an offset to research and development
costs within the condensed consolidated statement of operations. |
|
● |
As
of March 31, 2024, the Company had total cash on hand of $6.0 million. |
|
● |
Cash
used for the acquisition of property, construction, equipment, mineral rights and water rights for the nine months ended March 31,
2024 was $11.4 million. Cash used in the same period of the prior year totaled $18.0 million primarily for water rights and equipment. |
|
● |
Cash
used in operations for the nine months ended March 31, 2024 was $12.4 million, compared to $10.8 million use of cash during the nine
months ended March 31, 2023. |
|
● |
On
August 29, 2023, the Company entered into a Securities Purchase Agreement for up to $51.0 million of a new series of senior secured
convertible notes. To date, $25.0 million of these notes have been issued, and the remaining notes may be issued to expand operations
in the future. |
|
● |
On
April 3, 2024, the Company entered into an ATM Sales Agreement with Virtu Americas LLC having an aggregate offering price of up to
$50.0 million which may be used to fund operations. |
ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
Components
of Statements of Operations
Operating
Expenses
During
the nine months ended March 31, 2024, the Company incurred $29.1 million of operating expenses compared to $14.2 million during the nine
months ended March 31, 2023.
General
and administrative expenses consist of stock-based compensation, office expenses, legal, recruitment, business development, public relations,
and general facility expenses. For the nine months ended March 31, 2024, general and administrative expenses were $10.7 million, an increase
of $1.3 million over the same period in the prior year primarily related to increases in stock-based compensation, audit and insurance
costs.
Research
and development expenses consist primarily of laboratory leases, supplies, salaries, stock-based compensation, and employee benefits.
Research and development expenses for the nine months ended March 31, 2024 and 2023 were $11.1 million and $3.5 million, respectively.
The increase is primarily due to increased employee headcount. These costs are partially offset by federal grant funds for awards that
it has contracted with various federal agencies. The Company recognized an offset to its research and development costs of $2.2 million
and $0.7 million related to these awards for the nine months ended March 31, 2024 and 2023 respectively.
Exploration
costs consist primarily of drilling, assay, claim fees, personnel, stock-based compensation, office and warehouse costs, travel, and
other costs related to exploration of claims in central Nevada. Exploration expenses totaled $3.6 million for the nine months ended March
31, 2024 compared to $1.5 million during the same period in the prior year. The increase year-over-year resulted principally from increased
drilling, assaying and engineering costs to further define and potentially upgrade the geological classification of the mineral rights.
Other
Income (Expense)
During
the nine months ended March 31, 2024, the Company recorded other expense of $3.6 million, including $3.0 million for amortization of
debt financing costs, $0.1 million for interest expense and $0.4 million for changes in fair value of the derivative liability. During
the nine months ended March 31, 2023, the Company recorded other income of $0.2 million largely related to the sale of mining claims
it previously held in Railroad Valley, Nevada.
Net
Loss
During
the nine months ended March 31, 2024, the Company incurred a net loss of $29.1 million or $0.59 loss per share compared to a net loss
of $14.2 million, or $0.33 loss per share, during the nine months ended March 31, 2023.
Liquidity
and Capital Resources
At
March 31, 2024, the Company had cash of $6.0 million and total assets of $89.3 million compared to cash of $2.3 million and total assets
of $74.7 million at June 30, 2023. The increase in cash is due to utilization of the common stock purchase agreements with Tysadco.
The
Company had total current liabilities of $17.0 million at March 31, 2024, compared to $13.7 million at June 30, 2023. The increase
related to new convertible debt, offset by full repayment of the Mercuria debt and principal payments on the new convertible
debt.
As
of March 31, 2024 the Company had a working capital deficiency of $6.7 million compared to a working capital deficiency of $9.0 million
at June 30, 2023. The working capital deficiency in both periods is largely attributed to the current classification of all or nearly
all of the convertible notes, as well as acquisitions of property and equipment and cash used in operating activities, partially offset
by an increase in cash generated from financing activities during the nine months ended March 31, 2024.
ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
Cash
Flows
For
the nine months ended March 31:
| |
2024 | | |
2023 | |
Cash used in operating activities | |
$ | (12,430,522 | ) | |
$ | (10,816,060 | ) |
Cash used in investing activities | |
| (11,364,045 | ) | |
| (18,007,816 | ) |
Cash provided by financing activities | |
| 27,469,552 | | |
| 12,415,724 | |
Net increase (decrease) in cash during the period | |
| 3,674,985 | | |
| (16,408,152 | ) |
Cash
from Operating Activities.
During
the nine months ended March 31, 2024, the Company used $12.4 million of cash for operating activities, compared to $10.8 million cash
used during the nine months ended March 31, 2024. The increase included cash costs for engineering, research and development as well
as increased exploration expenses. Increased research and development costs were to support the development of the Company’s process
for the recycling of lithium-ion batteries and for the extraction of lithium from the Company’s lithium claystone mining claims.
The Company has also seen a steady increase in exploration activity expenses as it works to continue upgrading the geological category
of its claims in the Tonopah, Nevada region.
Cash
from Investing Activities
During
the nine months ended March 31, 2024, the Company used cash in investing activities of $11.4 million, consisting primarily of $10.2 million
related to property and equipment for its recycling facilities. This is in comparison to cash used in investing activities of $18.0 million
for the nine months ended March 31, 2023, consisting primarily of $8.0 million for mineral rights and $6.0 million for plant equipment.
Cash
from Financing Activities
During
the nine months ended March 31, 2024, the Company had net cash provided by financing activities of $27.5 million. This represents the
need for capital while the Company ramps up the recycling plant, develops its lithium ore pilot plant, and upgrades the geological category
of its Tonopah claims through additional studies and assessments.
During
the nine months ended March 31, 2024, the Company issued 8.2 million shares of common stock pursuant to purchase agreements for net proceeds
of $25.7 million and the Company issued convertible notes for net proceeds of $20.3 million. These were partially offset by repayment
of notes payable during the period totaling $16.8 million.
Working
Capital
| |
March 31, 2024 | | |
June 30, 2023 | |
Current assets | |
$ | 10,345,554 | | |
$ | 4,753,588 | |
Current liabilities | |
| 17,009,197 | | |
| 13,734,864 | |
Working capital | |
| (6,663,643 | ) | |
| (8,981,274 | ) |
Future
Financing
We
will continue to rely on sales of our common shares, debt, or other financing to fund our business operations as needed beyond any revenue
generated from internal operations and the government tax credits and grants that offset research & development expenses, and capital
expenditures. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve
any additional sales of the securities or arrange for debt or other financing to fund planned operating activities, acquisitions and
exploration activities.
Critical
Accounting Estimates
Our
condensed consolidated financial statements have been prepared in accordance with GAAP. The preparation of the condensed consolidated
financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of
assets, liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements
and the reported amounts of revenue and expenses during the reporting periods. We evaluate our estimates and assumptions on an ongoing
basis using historical experience and other factors and adjust those estimates and assumptions when facts and circumstances dictate.
Actual results could differ materially from those estimates and assumptions.
While
our significant accounting policies are more fully described in Note 2, “Summary of Significant Accounting Policies” in the
notes to our condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q, the following accounting
policies involve a greater degree of judgment and complexity. Accordingly, these are the accounting policies we believe are the most
critical to aid in fully understanding and evaluating our financial condition and results of operations.
Derivative
Financial Instruments
The
Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded
derivatives in accordance with ASC 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted
for as liabilities, the derivative instrument is initially recorded at its fair value on the issuance date and is then re-valued at each
reporting date, with changes in the fair value reported in the statements of operations.
Fair
Value of Financial Instruments
The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under the ASC 820, “Fair Value
Measurements”, equals or approximates the carrying amounts represented in the balance sheets.
Convertible
Notes
The
Company evaluates all conversion, repurchase and redemption features contained in a debt instrument to determine if there are any embedded
features that require bifurcation as a derivative. The Company accounts for its convertible notes as a long-term liability, with the
current portion reclassified to a short-term liability, equal to the proceeds received from issuance, including any embedded conversion
features, net of the unamortized debt discount and offering costs in the accompanying unaudited consolidated balance sheets. The debt
issuance and offering costs are amortized over the term of the convertible notes, using the effective interest method, as interest expense
in the accompanying unaudited consolidated statements of operations.
Long-Lived
Assets
Long-lived
assets, such as property, plant and equipment, mineral properties, and purchased intangibles, are evaluated for impairment whenever events
or changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with Accounting Standards
Codification (“ASC”) topic 360, Property, Plant, and Equipment. Circumstances which could trigger a review include, but are
not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal
factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset;
current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the
use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of
its estimated useful life. The Company’s long-lived assets consist of buildings, vehicles, equipment, and land. Buildings, vehicles
and equipment are depreciated on a straight-line basis over their estimated value lives ranging between three and thirty years.
The
recoverability of assets is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected
to be generated by an asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized
as the amount by which the carrying amount exceeds the estimated fair value of the asset. Any impairment in value is recognized as an
expense in the period when the impairment occurs.
Expenses
for major repairs and maintenance which extend the useful lives of property, plant and equipment are capitalized. All other maintenance
expenses, including planned major maintenance activities, are expensed as incurred. Gains or losses from property disposals are included
in income or loss from operations.
Off-Balance
Sheet Arrangements
As
of March 31, 2024, we had no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future
effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenses
or capital resources that are material to stockholders.
ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Not
Applicable.
ITEM
4. CONTROLS AND PROCEDURES
Controls
and Procedures
Evaluation
of Disclosure Controls and Procedures
We
maintain disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act of 1934, as amended
(the “Exchange Act”). Disclosure controls and procedures are controls and other procedures designed to ensure that the
information required to be disclosed by us in the reports that we file or submit under the Exchange Act (15 U.S.C. 78a et seq.) is
recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms. Disclosure
controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be
disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management,
including our principal executive officer and our principal financial officer, as appropriate, to allow timely decisions regarding
required disclosure. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and
procedures, no matter how well designed and operated, can provide only reasonable and not absolute assurance of achieving the
desired control objectives, and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible
controls and procedures.
The
Company’s management, with the participation of the Chief Executive Officer and Chief Financial Officer of the Company, carried
out an evaluation of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined
in Rules 13a-15(e) and 15d-15(e) of the Exchange Act as of March 31,
2024, the end of the period covered by this report. Based on such evaluation, the Company’s Chief Executive Officer and Chief Financial
Officer have concluded that, as of March 31, 2024, the Company’s disclosure controls and procedures are not effective, based on
the material weaknesses described below.
Material
Weakness in Internal Control over Financial Reporting
Our
management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules
13a-15(f) and 15d-15(f) of the Exchange Act). Management, with the participation of the principal executive officer and
principal financial officer, under the oversight of our Board of Directors, assessed the effectiveness of our internal control over
financial reporting as of March 31, 2024 based on the criteria set forth by the Committee of Sponsoring Organizations of the
Treadway Commission in Internal Control-Integrated Framework (2013 Framework). Based on this assessment, management concluded that,
as of March 31, 2024, our internal control over financial reporting was not effective, due to the material weaknesses in internal
control over financial reporting, described below.
Internal control over financial reporting is a process designed under the supervision and with the
participation of our management, including the individuals serving as our principal executive officer and principal financial officer,
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with accounting principles generally accepted in the United States of America.
A
material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is
a reasonable possibility that a material misstatement of annual or interim financial statements will not be prevented or detected on
a timely basis.
The Company did not have a sufficient complement of personnel with appropriate technical expertise to perform an
effective risk assessment. In addition, the Company did not maintain proper segregation of duties related to accounting processes.
As a consequence, internal control deficiencies related to the design and operation of process-level controls were determined to be
pervasive throughout the Company’s financial reporting processes. While these material weaknesses did result in an immaterial
misstatements of the Company’s consolidated financial statements, these material weaknesses create a reasonable possibility
that a material misstatement of account balances or disclosures in the consolidated financial statements may not be prevented or
detected in a timely manner. Therefore, we concluded that the deficiencies represent material weaknesses in the Company’s internal control
over financial reporting and our internal control over financial reporting was not effective as of March 31, 2024.
ITEM
4. CONTROLS AND PROCEDURES (CONTINUED)
Remediation
Plan
During
the year ended June 30, 2023, we enhanced our internal control over financial reporting and remediated material weaknesses including
controls over IT systems and lack of adequate documentation evidencing operating effectiveness of internal controls. However, due to
the small size of the organization and accounting resources available, controls relating to segregation of duties, as well as supervision
and review of complex accounting matters, remain material weaknesses as previously presented in our financial statements for the fiscal
years ended June 30, 2023, 2022 and 2021. See Immaterial Correction of Previously Issued Consolidated Financial Statements in
Note 2.
During
the period ended March 31, 2024, additional remediation efforts included removing accounting personnel access to both create and post
a journal entry, moving the systems administration tasks to personnel outside of the accounting department, and adding review procedures
by qualified personnel over complex accounting matters by way of engaging third-party professionals with whom to consult regarding complex
accounting applications and valuations. However, there is no guarantee that these measures will remediate the material weaknesses described
above.
We
are committed to ensuring that our internal control over financial reporting is designed and operating effectively. While we believe
procedures are in place as of March 31, 2024 to address the material weaknesses, remediation steps are required to be in place and effective
for an adequate period of time. We cannot provide assurance that such material weaknesses will be remediated, and we may discover additional
material weaknesses that may require additional time and resources to remediate.
Changes
in Internal Control over Financial Reporting
Except as noted above with respect to the completion of certain steps in
the remediation plan, there
was no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act)
that occurred during the fiscal quarter covered by this Interim Report on Form 10–Q that has materially affected, or is
reasonably likely to materially affect, our internal control over financial reporting.
PART
II – OTHER INFORMATION
ITEM
1. LEGAL PROCEEDINGS
Please
refer to “Item 1. Legal Proceedings” in our 2023 Form 10-Q for the six months ended December 21, 2023, for information regarding
material pending legal proceedings. In addition to those material legal proceedings, on January 21, 2024, our former Chief Financial
Officer, Kimberly Eckert filed a Charge of Discrimination with the Nevada Equal Rights Commission, alleging that that the Company discriminated
against her due to her sex (female) in violation of Title VII of the Civil Rights Act of 1964, as amended. There have been no additional
material legal proceedings and no other material developments in the legal proceedings previously disclosed.
Other
than these proceedings, to the best of our knowledge, we are not currently a party to any legal proceedings that, individually or in
aggregate, are deemed to be material to our financial condition or results of operations.
ITEM
1A. RISK FACTORS
There
were no material changes from the risk factors set forth under Part I, Business; Item 1A, Risk Factors in our Annual Report on Form 10-K
for the fiscal year ended June 30, 2023, as filed with the SEC on September 28, 2023.
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURE
Not
Applicable
ITEM
5. OTHER INFORMATION
None.
ITEM
6. EXHIBITS
The
following exhibits are either provided with this Annual Report or are incorporated herein by reference:
*Furnished
herewith.
EXHIBIT
31.1
The
certification required by Rule 13a–14a (17 CFR 240.13a–14(a)) or Rule 15d–14(a) (17CFR 240. 15d–14(a))
I,
Ryan Melsert, certify that:
1. |
I
have reviewed this Form 10–Q of American Battery Technology Company (the “Registrant”); |
|
|
2. |
Based
on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to
the period covered by this report; |
|
|
3. |
Based
on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in
this report; |
|
|
4. |
The
Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act 13a–15(e) and 15d – 15(e)) and internal control over financial reporting (as defined in Exchange
Act Rules 13a–15(f) and 15d–15(f) for the Registrant and have: |
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;
(b)
Designed such internal control over financing reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;
(c)
Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end to the period covered by this report based on such evaluation;
and
(d)
Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s
most recent fiscal period (the Registrant’s fourth fiscal period in the case of an annual report) that has materially affected,
or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and
5. |
The
Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over
financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or
persons performing the equivalent functions): |
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information;
and
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s
internal control over financial reporting.
Date:
May 15, 2024 |
By:
|
/s/
Ryan Melsert |
|
|
Ryan
Melsert |
|
|
Chief
Executive Officer, |
|
|
Director |
EXHIBIT
31.2
The
certification required by Rule 13a–14a (17 CFR 240.13a–14(a)) or Rule 15d–14(a) (17CFR 240. 15d–14(a))
I,
Jesse Deutsch, certify that:
1. |
I
have reviewed this Form 10–Q of American Battery Technology Company (the “Registrant”); |
|
|
2. |
Based
on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to
the period covered by this report; |
|
|
3. |
Based
on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in
this report; |
|
|
4. |
The
Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act 13a–15(e) and 15d – 15(e)) and internal control over financial reporting (as defined in Exchange
Act Rules 13a–15(f) and 15d–15(f) for the Registrant and have: |
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;
(b)
Designed such internal control over financing reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;
(c)
Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end to the period covered by this report based on such evaluation;
and
(d)
Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s
most recent fiscal period (the Registrant’s fourth fiscal period in the case of an annual report) that has materially affected,
or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and
5. |
The
Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over
financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or
persons performing the equivalent functions): |
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information;
and
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s
internal control over financial reporting.
Date:
May 15, 2024 |
By: |
/s/
Jesse Deutsch |
|
|
Jesse
Deutsch |
|
|
Chief
Financial Officer |
EXHIBIT
32.1
CERTIFICATE
PURSUANT TO
18
U.S.C. SECTION 1350
AS
ADOPTED PURSUANT TO
SECTION
906 OF THE SARBANES–OXLEY ACT OF 2002
In
connection with the Quarterly Report (the “Report”) on Form 10–Q of American Battery Technology Company. (the “Company”)
for the period ended March 31, 2024, as filed with the Securities and Exchange Commission on the date hereof, I, Ryan Melsert, Chief
Executive Officer, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes–Oxley Act of
2002, that, to the best of my knowledge and belief:
1.
|
The
Report fully complies with the requirements of Section 13 (a) or 15 (d) of the Securities and Exchange Act of 1934, as amended; and |
|
|
2.
|
The
information contained in this Report fairly presents, in all material respects, the financial condition and results of operations
of the Company. |
Date:
May 15, 2024 |
By: |
/s/
Ryan Melsert |
|
|
Ryan
Melsert |
|
|
Chief
Executive Officer, |
|
|
Director |
EXHIBIT
32.2
CERTIFICATE
PURSUANT TO
18
U.S.C. SECTION 1350
AS
ADOPTED PURSUANT TO
SECTION
906 OF THE SARBANES–OXLEY ACT OF 2002
In
connection with the Quarterly Report (the “Report”) on Form 10–Q of American Battery Technology Company. (the “Company”)
for the period ended March 31, 2024, as filed with the Securities and Exchange Commission on the date hereof, I, Jesse Deutsch, Chief
Financial Officer, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes–Oxley Act of
2002, that, to the best of my knowledge and belief:
1.
|
The
Report fully complies with the requirements of Section 13 (a) or 15 (d) of the Securities and Exchange Act of 1934, as amended; and |
|
|
2. |
The
information contained in this Report fairly presents, in all material respects, the financial condition and results of operations
of the Company. |
Date:
May 15, 2024 |
By: |
/s/
Jesse Deutsch |
|
|
Jesse
Deutsch |
|
|
Chief
Financial Officer |
v3.24.1.1.u2
Cover - shares
|
9 Months Ended |
|
Mar. 31, 2024 |
May 13, 2024 |
Cover [Abstract] |
|
|
Document Type |
10-Q
|
|
Amendment Flag |
false
|
|
Document Quarterly Report |
true
|
|
Document Transition Report |
false
|
|
Document Period End Date |
Mar. 31, 2024
|
|
Document Fiscal Period Focus |
Q3
|
|
Document Fiscal Year Focus |
2024
|
|
Current Fiscal Year End Date |
--06-30
|
|
Entity File Number |
000-55088
|
|
Entity Registrant Name |
AMERICAN
BATTERY TECHNOLOGY COMPANY
|
|
Entity Central Index Key |
0001576873
|
|
Entity Tax Identification Number |
33-1227980
|
|
Entity Incorporation, State or Country Code |
NV
|
|
Entity Address, Address Line One |
100
Washington Street
|
|
Entity Address, Address Line Two |
Suite 100
|
|
Entity Address, City or Town |
Reno
|
|
Entity Address, State or Province |
NV
|
|
Entity Address, Postal Zip Code |
89503
|
|
City Area Code |
(775)
|
|
Local Phone Number |
473-4744
|
|
Title of 12(b) Security |
Common
stock, $0.001 par value
|
|
Trading Symbol |
ABAT
|
|
Security Exchange Name |
NASDAQ
|
|
Entity Current Reporting Status |
Yes
|
|
Entity Interactive Data Current |
Yes
|
|
Entity Filer Category |
Non-accelerated Filer
|
|
Entity Small Business |
true
|
|
Entity Emerging Growth Company |
false
|
|
Entity Shell Company |
false
|
|
Entity Common Stock, Shares Outstanding |
|
58,598,133
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEnd date of current fiscal year in the format --MM-DD.
+ References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
+ Details
Name: |
dei_DocumentFiscalPeriodFocus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fiscalPeriodItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
+ Details
Name: |
dei_DocumentFiscalYearFocus |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gYearItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as an quarterly report.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 10-Q -Number 240 -Section 308 -Subsection a
+ Details
Name: |
dei_DocumentQuarterlyReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as a transition report.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Forms 10-K, 10-Q, 20-F -Number 240 -Section 13 -Subsection a-1
+ Details
Name: |
dei_DocumentTransitionReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 2 such as Street or Suite number
+ References
+ Details
Name: |
dei_EntityAddressAddressLine2 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
+ Details
Name: |
dei_EntityCommonStockSharesOutstanding |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionIndicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
+ Details
Name: |
dei_EntityCurrentReportingStatus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityFilerCategory |
Namespace Prefix: |
dei_ |
Data Type: |
dei:filerCategoryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-T -Number 232 -Section 405
+ Details
Name: |
dei_EntityInteractiveDataCurrent |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityShellCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicates that the company is a Smaller Reporting Company (SRC).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntitySmallBusiness |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
|
Mar. 31, 2024 |
Jun. 30, 2023 |
Current assets |
|
|
Cash |
$ 5,995,134
|
$ 2,320,149
|
Investments |
60,165
|
11,250
|
Inventory (Note 3) |
622,545
|
125,204
|
Grants receivable (Note 4) |
527,723
|
320,457
|
Prepaid expenses and deposits |
450,784
|
1,625,980
|
Subscription receivable (Note 12) |
2,446,353
|
350,550
|
Other current assets |
242,850
|
|
Total current assets |
10,345,554
|
4,753,590
|
Other deposits (Note 5) |
279,878
|
27,740,587
|
Property, plant and equipment, net (Note 6) |
65,586,651
|
29,946,099
|
Mining properties (Note 7) |
8,392,978
|
8,223,323
|
Intangible assets (Note 8) |
4,584,831
|
3,851,899
|
Right-of-use asset (Note 11) |
67,366
|
143,154
|
Total assets |
89,257,258
|
74,658,652
|
Current liabilities |
|
|
Accounts payable and accrued liabilities (Note 9) |
6,260,691
|
7,734,864
|
Notes payable, current (Note 10) |
10,748,506
|
6,000,000
|
Total current liabilities |
17,009,197
|
13,734,864
|
Equity compensation liability (Note 14) |
2,179,498
|
833,427
|
Notes payable, non-current (Note 10) |
|
54,304
|
Total liabilities |
19,188,695
|
14,622,595
|
Commitments and contingencies (Note 16) |
|
|
STOCKHOLDERS’ EQUITY |
|
|
Common Stock Authorized: 80,000,000 common shares, par value of $0.001 per share; Issued and outstanding: 55,058,411 and 45,888,131 common shares as of March 31, 2024, and June 30, 2023, respectively |
55,059
|
45,887
|
Additional paid-in capital |
259,405,304
|
222,301,371
|
Common stock issuable (receivable) |
499,681
|
(1,484,693)
|
Accumulated deficit |
(189,891,481)
|
(160,826,508)
|
Total stockholders’ equity |
70,068,563
|
60,036,057
|
Total liabilities and stockholders’ equity |
89,257,258
|
74,658,652
|
Series A Preferred Stock [Member] |
|
|
STOCKHOLDERS’ EQUITY |
|
|
Preferred Stock value |
|
|
Series B Preferred Stock [Member] |
|
|
STOCKHOLDERS’ EQUITY |
|
|
Preferred Stock value |
|
|
Series C Preferred Stock [Member] |
|
|
STOCKHOLDERS’ EQUITY |
|
|
Preferred Stock value |
|
|
X |
- DefinitionEquity compensation liability.
+ References
+ Details
Name: |
ABAT_EquityCompensationLiability |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionMining properties non current.
+ References
+ Details
Name: |
ABAT_MiningPropertiesNonCurrent |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionPrepaid expenses and deposits.
+ References
+ Details
Name: |
ABAT_PrepaidExpensesAndDeposits |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Definition
+ References
+ Details
Name: |
ABAT_SubscriptionReceivableCurrent |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AdditionalPaidInCapital |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of asset recognized for present right to economic benefit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(12)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 30: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(11)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details
Name: |
us-gaap_Assets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of asset recognized for present right to economic benefit, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
+ Details
Name: |
us-gaap_AssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionRepresents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(15)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details
Name: |
us-gaap_CommitmentsAndContingencies |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details
Name: |
us-gaap_CommonStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying amount as of the balance sheet date of amounts due under the terms of governmental, corporate, or foundation grants. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)(a)(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_GrantsReceivableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482686/350-30-45-1
+ Details
Name: |
us-gaap_IntangibleAssetsNetExcludingGoodwill |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_InventoryNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all investments.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 55 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480078/944-80-55-14
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 55 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480078/944-80-55-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(h)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details
Name: |
us-gaap_Investments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(26)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(14)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 29: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
+ Details
Name: |
us-gaap_Liabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(32)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LiabilitiesAndStockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionTotal obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-5
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 21: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
+ Details
Name: |
us-gaap_LiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCarrying value as of the balance sheet date of notes payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LongTermNotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_NotesPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's right to use underlying asset under operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseRightOfUseAsset |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of current assets classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherAssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of noncurrent assets classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherAssetsNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details
Name: |
us-gaap_PreferredStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 360 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478451/942-360-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated undistributed earnings (deficit).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-11
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares
|
Mar. 31, 2024 |
Jun. 30, 2023 |
Common stock, shares authorized |
80,000,000
|
80,000,000
|
Common stock, par value |
$ 0.001
|
$ 0.001
|
Common stock, shares issued |
55,058,411
|
45,888,131
|
Common stock, shares outstanding |
55,058,411
|
45,888,131
|
Series A Preferred Stock [Member] |
|
|
Preferred stock, shares authorized |
33,334
|
33,334
|
Preferred stock, par value |
$ 0.001
|
$ 0.001
|
Preferred stock, shares issued |
|
|
Preferred stock, shares outstanding |
|
|
Series B Preferred Stock [Member] |
|
|
Preferred stock, shares authorized |
133,334
|
133,334
|
Preferred stock, par value |
$ 10.00
|
$ 10.00
|
Preferred stock, shares issued |
|
|
Preferred stock, shares outstanding |
|
|
Series C Preferred Stock [Member] |
|
|
Preferred stock, shares authorized |
66,667
|
66,667
|
Preferred stock, par value |
$ 10.00
|
$ 10.00
|
Preferred stock, shares issued |
|
|
Preferred stock, shares outstanding |
|
|
X |
- DefinitionFace amount or stated value per share of common stock.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
+ Details
Name: |
us-gaap_CommonStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionFace amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
+ Details
Name: |
us-gaap_PreferredStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details
Name: |
us-gaap_PreferredStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
+ Details
Name: |
us-gaap_PreferredStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionAggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
+ Details
Name: |
us-gaap_PreferredStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
|
3 Months Ended |
9 Months Ended |
Mar. 31, 2024 |
Mar. 31, 2023 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Operating expenses |
|
|
|
|
General and administrative |
$ 3,229,202
|
$ 3,538,541
|
$ 10,699,915
|
$ 9,445,776
|
Research and development |
3,954,744
|
1,509,085
|
11,137,762
|
3,464,372
|
Exploration costs |
1,422,758
|
584,344
|
3,596,103
|
1,479,507
|
Total operating expenses |
8,606,704
|
5,631,970
|
25,433,780
|
14,389,655
|
Net loss before other income (expense) |
(8,606,704)
|
(5,631,970)
|
(25,433,780)
|
(14,389,655)
|
Other income (expense) |
|
|
|
|
Interest expense |
(2,452)
|
|
(145,089)
|
|
Amortization and accretion of financing costs |
(1,150,127)
|
|
(3,015,280)
|
|
Gain on sale of mining claims |
|
|
|
98,919
|
Unrealized gain (loss) on investment |
(19,089)
|
2,949
|
(24,586)
|
(11,709)
|
Change in fair value of derivative liability |
(216,765)
|
|
(446,238)
|
|
Other income |
|
21,000
|
|
63,000
|
Total other income (expense) |
(1,388,433)
|
23,949
|
(3,631,193)
|
150,210
|
Net loss |
$ (9,995,137)
|
$ (5,608,021)
|
$ (29,064,973)
|
$ (14,239,445)
|
Net loss per share, basic |
$ (0.19)
|
$ (0.13)
|
$ (0.59)
|
$ (0.33)
|
Net loss per share, diluted |
$ (0.19)
|
$ (0.13)
|
$ (0.59)
|
$ (0.33)
|
Weighted average shares outstanding basic |
51,993,863
|
43,466,522
|
49,092,325
|
43,201,865
|
Weighted average shares outstanding diluted |
51,993,863
|
43,466,522
|
49,092,325
|
43,201,865
|
X |
- DefinitionAmortization and accretion of financing costs.
+ References
+ Details
Name: |
ABAT_AmortizationAndAccretionOfFinancingCosts |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionChange in fair value of derivative liability.
+ References
+ Details
Name: |
ABAT_ChangeInFairValueOfDerivativeLiability |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionGain on sale of mining claims.
+ References
+ Details
Name: |
ABAT_GainOnSaleOfMiningClaims |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-15
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-15
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of capitalized exploration cost incurred during period and excluded from amortization for oil- and gas-producing activities accounted for under full cost method. Excludes acquisition and development costs and capitalized interest.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 360 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477385/932-360-S50-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-10(c)(7)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479664/932-10-S99-1
+ Details
Name: |
us-gaap_ExplorationCosts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details
Name: |
us-gaap_GeneralAndAdministrativeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-49
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-24
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483013/835-20-50-1
+ Details
Name: |
us-gaap_InterestExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_NonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NonoperatingIncomeExpenseAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionGenerally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
+ Details
Name: |
us-gaap_OperatingExpenses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe net result for the period of deducting operating expenses from operating revenues.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31
+ Details
Name: |
us-gaap_OperatingIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of income related to nonoperating activities, classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_OtherNonoperatingIncome |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 730 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482916/730-10-50-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 912 -SubTopic 730 -Name Accounting Standards Codification -Section 25 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479532/912-730-25-1
+ Details
Name: |
us-gaap_ResearchAndDevelopmentExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of unrealized gain (loss) on investment.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_UnrealizedGainLossOnInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-16
+ Details
Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
+ Details
Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
|
Common Stock [Member] |
Additional Paid-in Capital [Member] |
Common Stock Issuable [Member] |
Retained Earnings [Member] |
Total |
Balance at Jun. 30, 2022 |
$ 42,943
|
$ 188,151,484
|
$ 75,000
|
$ (138,635,368)
|
$ 49,634,059
|
Balance, shares at Jun. 30, 2022 |
42,942,576
|
|
|
|
|
Vesting of share-based awards |
$ 294
|
(294)
|
|
|
|
Vesting of share-based awards, shares |
293,908
|
|
|
|
|
Stock-based compensation expense |
|
6,078,889
|
|
|
6,078,889
|
Net loss for the period |
|
|
|
(14,239,445)
|
(14,239,445)
|
Shares issued for professional services |
10
|
103,579
|
(56,314)
|
|
47,275
|
Shares issued from purchase agreement |
$ 400
|
3,557,973
|
|
|
3,558,373
|
Shares issued from purchase agreements, net of issuance costs, shares |
400,000
|
|
|
|
|
Shares issued from private placement, net of issuance costs |
$ 952
|
8,856,399
|
|
|
8,857,351
|
Shares issued from private placement, net of issuance costs, shares |
952,381
|
|
|
|
|
Shares issued for professional services, shares |
10,009
|
|
|
|
|
Balance at Mar. 31, 2023 |
$ 44,599
|
206,748,030
|
18,686
|
(152,874,813)
|
53,936,502
|
Balance, shares at Mar. 31, 2023 |
44,598,874
|
|
|
|
|
Balance at Jun. 30, 2022 |
$ 42,943
|
188,151,484
|
75,000
|
(138,635,368)
|
49,634,059
|
Balance, shares at Jun. 30, 2022 |
42,942,576
|
|
|
|
|
Net loss for the period |
|
|
|
(22,191,140)
|
|
Balance at Jun. 30, 2023 |
$ 45,887
|
222,301,371
|
(1,484,693)
|
(160,826,508)
|
60,036,057
|
Balance, shares at Jun. 30, 2023 |
45,888,131
|
|
|
|
|
Balance at Dec. 31, 2022 |
$ 43,342
|
193,785,953
|
(646,177)
|
(147,266,792)
|
45,916,326
|
Balance, shares at Dec. 31, 2022 |
43,341,065
|
|
|
|
|
Vesting of share-based awards |
$ 172
|
(172)
|
|
|
|
Vesting of share-based awards, shares |
172,095
|
|
|
|
|
Stock-based compensation expense |
|
2,555,584
|
|
|
2,555,584
|
Net loss for the period |
|
|
|
(5,608,021)
|
(5,608,021)
|
Shares issued for professional services |
|
|
10,596
|
|
10,596
|
Shares issued from purchase agreement |
$ 133
|
1,550,266
|
654,267
|
|
2,204,666
|
Shares issued from purchase agreements, net of issuance costs, shares |
133,333
|
|
|
|
|
Shares issued from private placement, net of issuance costs |
$ 952
|
8,856,399
|
|
|
8,857,351
|
Shares issued from private placement, net of issuance costs, shares |
952,381
|
|
|
|
|
Balance at Mar. 31, 2023 |
$ 44,599
|
206,748,030
|
18,686
|
(152,874,813)
|
53,936,502
|
Balance, shares at Mar. 31, 2023 |
44,598,874
|
|
|
|
|
Balance at Jun. 30, 2023 |
$ 45,887
|
222,301,371
|
(1,484,693)
|
(160,826,508)
|
60,036,057
|
Balance, shares at Jun. 30, 2023 |
45,888,131
|
|
|
|
|
Net loss for the period |
|
|
|
(8,891,977)
|
|
Balance at Sep. 30, 2023 |
|
226,973,188
|
|
(169,718,486)
|
|
Balance at Jun. 30, 2023 |
$ 45,887
|
222,301,371
|
(1,484,693)
|
(160,826,508)
|
60,036,057
|
Balance, shares at Jun. 30, 2023 |
45,888,131
|
|
|
|
|
Net loss for the period |
|
|
|
(19,069,836)
|
(19,069,836)
|
Balance at Dec. 31, 2023 |
$ 49,345
|
243,823,714
|
|
(179,896,345)
|
63,976,714
|
Balance, shares at Dec. 31, 2023 |
49,343,225
|
|
|
|
|
Balance at Jun. 30, 2023 |
$ 45,887
|
222,301,371
|
(1,484,693)
|
(160,826,508)
|
60,036,057
|
Balance, shares at Jun. 30, 2023 |
45,888,131
|
|
|
|
|
Vesting of share-based awards |
$ 913
|
(913)
|
|
|
|
Vesting of share-based awards, shares |
909,972
|
|
|
|
|
Stock-based compensation expense |
|
10,975,214
|
|
|
10,975,214
|
Shares issued pursuant to share purchase agreement |
$ 8,208
|
27,332,791
|
499,681
|
|
27,840,680
|
Shares issued pursuant to share purchase agreement, net of issuance costs, shares |
8,209,262
|
|
|
|
|
Shares issued pursuant to warrant exercises |
$ 119
|
37,379
|
|
|
37,498
|
Shares issued pursuant to warrant exercises, shares |
118,762
|
|
|
|
|
Net loss for the period |
|
|
|
(29,064,973)
|
(29,064,973)
|
Shares issued for professional services |
$ 1
|
15,172
|
(15,307)
|
|
(134)
|
Shares issued from purchase agreements, net of issuance costs, shares |
39,883
|
|
|
|
|
Shares issued from private placement, net of issuance costs |
|
|
|
|
|
Shares issued for professional services, shares |
1,326
|
|
|
|
|
Shares issued pursuant to rounding of share reverse split |
$ 59
|
(59)
|
|
|
|
Shares issued pursuant to rounding of share split, shares |
59,164
|
|
|
|
|
Shares reclaimed pursuant to asset acquisition |
$ (128)
|
(1,255,650)
|
1,500,000
|
|
244,222
|
Shares reclaimed pursuant to asset acquisition, shares |
(128,206)
|
|
|
|
|
Balance at Mar. 31, 2024 |
$ 55,059
|
259,405,304
|
499,681
|
(189,891,481)
|
70,068,563
|
Balance, shares at Mar. 31, 2024 |
55,058,411
|
|
|
|
|
Balance at Sep. 30, 2023 |
|
226,973,188
|
|
(169,718,486)
|
|
Net loss for the period |
|
|
|
(10,177,859)
|
(10,177,859)
|
Balance at Dec. 31, 2023 |
$ 49,345
|
243,823,714
|
|
(179,896,345)
|
63,976,714
|
Balance, shares at Dec. 31, 2023 |
49,343,225
|
|
|
|
|
Vesting of share-based awards |
$ 597
|
(597)
|
|
|
|
Vesting of share-based awards, shares |
597,019
|
|
|
|
|
Stock-based compensation expense |
|
4,089,033
|
|
|
4,089,033
|
Shares issued pursuant to share purchase agreement |
$ 5,102
|
11,493,171
|
499,681
|
|
11,997,954
|
Shares issued pursuant to share purchase agreement, net of issuance costs, shares |
5,103,037
|
|
|
|
|
Shares issued pursuant to warrant exercises |
$ 15
|
(15)
|
|
|
|
Shares issued pursuant to warrant exercises, shares |
15,130
|
|
|
|
|
Net loss for the period |
|
|
|
(9,995,137)
|
(9,995,137)
|
Balance at Mar. 31, 2024 |
$ 55,059
|
$ 259,405,304
|
$ 499,681
|
$ (189,891,481)
|
$ 70,068,563
|
Balance, shares at Mar. 31, 2024 |
55,058,411
|
|
|
|
|
X |
- DefinitionStock issued during period shares exercise of warrants.
+ References
+ Details
Name: |
ABAT_StockIssuedDuringPeriodSharesExerciseOfWarrants |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionStock issued during period shares new issuance costs.
+ References
+ Details
Name: |
ABAT_StockIssuedDuringPeriodSharesNewIssuanceCosts |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionShares issued for exercise of warrants.
+ References
+ Details
Name: |
ABAT_StockIssuedDuringPeriodValueExerciseOfWarrants |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionStock issued during period value new issuance costs.
+ References
+ Details
Name: |
ABAT_StockIssuedDuringPeriodValueNewIssuanceCosts |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionStock issued during period value shares issued towards rounding of share split.
+ References
+ Details
Name: |
ABAT_StockIssuedDuringPeriodValueSharesIssuedTowardsRoundingOfShareSplit |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase in additional paid-in capital (APIC) for recognition of cost for employee stock purchase program (ESPP) award under share-based payment arrangement.
+ References
+ Details
Name: |
us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares issued which are neither cancelled nor held in the treasury.
+ References
+ Details
Name: |
us-gaap_SharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares of stock issued during the period pursuant to acquisitions.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesAcquisitions |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesIssuedForServices |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of new stock issued during the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(i)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesNewIssues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares of stock issued attributable to transactions classified as other.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesOther |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares of stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares issued during the period as a result of a stock split.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesStockSplits |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionValue of stock issued pursuant to acquisitions during the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueAcquisitions |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionValue of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueIssuedForServices |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionEquity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-11
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 45 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478009/946-205-45-4
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-2
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueNewIssues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionValue of shares of stock issued attributable to transactions classified as other.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueOther |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionValue of shares of stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValuePurchaseOfAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
Mar. 31, 2024 |
Sep. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2023 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Jun. 30, 2023 |
Operating Activities |
|
|
|
|
|
|
|
Net loss attributable to stockholders |
$ (9,995,137)
|
|
$ (5,608,021)
|
$ (19,069,836)
|
$ (29,064,973)
|
$ (14,239,445)
|
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
|
|
|
Depreciation expense |
|
|
|
|
121,075
|
66,436
|
|
Accretion of financing costs |
|
$ 282,624
|
|
1,865,154
|
3,014,414
|
|
|
Amortization of right-of-use asset |
|
|
|
|
75,788
|
75,787
|
|
Unrealized loss on investment |
19,089
|
|
(2,949)
|
|
24,586
|
11,709
|
|
Stock-based compensation |
|
3,369,269
|
|
7,691,511
|
12,322,198
|
6,078,889
|
$ 9,757,395
|
Shares issued for professional services |
|
|
|
(448)
|
(1,047)
|
47,275
|
|
Change in fair value of derivative liability |
|
|
|
|
419,739
|
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
Inventory |
|
|
|
|
(497,341)
|
|
|
Grants receivable |
|
|
|
|
(207,266)
|
(276,231)
|
|
Prepaid expenses and deposits |
|
|
|
|
799,596
|
(837,180)
|
|
Other current assets |
|
|
|
|
(316,351)
|
|
|
Accounts payable and accrued liabilities |
|
414,071
|
|
2,502,865
|
969,487
|
(1,653,541)
|
157,204
|
Net change in operating lease liability |
|
|
|
|
(90,427)
|
(89,759)
|
|
Net Cash Used in Operating Activities |
|
(4,758,984)
|
|
(7,418,700)
|
(12,430,522)
|
(10,816,060)
|
(13,367,980)
|
Investing Activities |
|
|
|
|
|
|
|
Other acquisition deposits |
|
|
|
|
(279,878)
|
(6,081,591)
|
|
Acquisition of property, equipment, and water rights |
|
|
|
|
(11,586,857)
|
(3,918,863)
|
|
Acquisition cost reimbursements from government grants |
|
|
|
|
672,404
|
|
|
Purchase of mining properties |
|
|
|
|
(169,714)
|
(8,007,362)
|
|
Net Cash Used in Investing Activities |
|
|
|
|
(11,364,045)
|
(18,007,816)
|
|
Financing Activities |
|
|
|
|
|
|
|
Proceeds from issuance of common shares, net of issuance costs |
|
|
|
|
|
8,857,351
|
|
Proceeds from exercise of share purchase warrants |
|
|
|
|
37,498
|
|
|
Principal paid on notes payable |
|
|
|
|
(18,600,000)
|
|
|
Proceeds from notes payable, net of issuance costs |
|
|
|
|
20,287,118
|
|
|
Proceeds from share purchase agreements, net of issuance costs |
|
|
|
|
25,744,936
|
3,558,373
|
|
Net Cash Provided by Financing Activities |
|
|
|
|
27,469,552
|
12,415,724
|
|
Increase (decrease) in Cash |
|
|
|
|
3,674,986
|
(16,408,152)
|
|
Cash – Beginning of Period |
|
$ 2,320,149
|
|
$ 2,320,149
|
2,320,149
|
28,989,166
|
28,989,166
|
Cash – End of Period |
$ 5,995,134
|
|
$ 12,581,014
|
|
$ 5,995,134
|
$ 12,581,014
|
$ 2,320,149
|
X |
- DefinitionAcquisition cost reimbursements from government grants.
+ References
+ Details
Name: |
ABAT_PaymentsToAcquireCostReimbursementsFromGovernmentGrants |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionShares issued for services professional services.
+ References
+ Details
Name: |
ABAT_SharesIssuedForServicesProfessionalServices |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481639/420-10-35-4
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_AccretionExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 1 -SubTopic 230 -Topic 830 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477401/830-230-45-1
+ Details
Name: |
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_Depreciation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in the fair value of derivatives recognized in the income statement.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A
+ Details
Name: |
us-gaap_DerivativeGainLossOnDerivativeNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInInventories |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period of amounts due within one year (or one business cycle) from note holders for outstanding loans.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInNotesReceivableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInOperatingCapitalAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in obligation for operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(1) -SubTopic 20 -Topic 842 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_IncreaseDecreaseInOperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in current assets classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInOtherCurrentAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) of consideration paid in advance for other costs that provide economic benefits in future periods.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInPrepaidExpensesOther |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-25
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of periodic reduction over lease term of carrying amount of right-of-use asset from operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_OperatingLeaseRightOfUseAssetAmortizationExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow from the purchase of mining and mining related assets during the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquireMiningAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash outflow for the purchase of or improvements to tangible or intangible assets, used to produce goods or deliver services, classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquireOtherProductiveAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash outflow from the acquisition of or improvements to long-lived, physical assets used to produce goods and services and not intended for resale, classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow from the additional capital contribution to the entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromIssuanceOfCommonStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow from issuance of shares under share-based payment arrangement. Excludes option exercised.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Subparagraph (a) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2A
+ Details
Name: |
us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow from a borrowing supported by a written promise to pay an obligation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromNotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow associated with the amount received from holders exercising their stock warrants.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromWarrantExercises |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow for a borrowing supported by a written promise to pay an obligation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 15 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-15
+ Details
Name: |
us-gaap_RepaymentsOfNotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense for share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_ShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of unrealized gain (loss) on investment.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_UnrealizedGainLossOnInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.24.1.1.u2
Organization and Nature of Operations
|
9 Months Ended |
Mar. 31, 2024 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
Organization and Nature of Operations |
1.
Organization and Nature of Operations
American
Battery Technology Company (“the Company” or “ABTC”) is a new entrant in the lithium-ion battery industry that
is working to increase the domestic U.S. production of battery materials, such as lithium, nickel, cobalt, and manganese through its
engagement in the exploration of new primary resources of battery metals, in the development and commercialization of new technologies
for the extraction of these battery metals from primary resources, and in the commercialization of an internally developed integrated
process for the recycling of lithium-ion batteries. Through this three-pronged approach the Company is working to both increase the domestic
production of these battery materials, and to ensure that as these materials reach their end of lives that the constituent elemental
battery metals are returned to the domestic manufacturing supply chain in a closed-loop fashion.
The
Company was incorporated under the laws of the State of Nevada on October 6, 2011, for the purpose of acquiring rights to mineral properties
with the objective of being a producing mineral company. ABTC began operations of its first lithium-ion battery recycling facility in
October 2023 and has a limited operating history, and as of March 31, 2024 had not generated or realized revenues from its activities.
The principal executive offices are located at 100 Washington Ave., Suite 100, Reno, NV 89503.
Liquidity
and Capital Resources
During
the nine months ended March 31, 2024, the Company incurred a net loss of $29.1 million and used cash of $12.4 million for operating activities.
At March 31, 2024, the Company has a cash balance of $6.0 million and an accumulated deficit of $189.9 million.
The
continuation of the Company as a going concern is dependent upon generating profit from its operations and its ability to obtain debt
or equity financing. There is no assurance that the Company will be able to generate sufficient profits, obtain such financings, or obtain
them on favorable terms, which could limit its operations. Any such financing activities are subject to market conditions. These uncertainties
cause substantial doubt to exist as to the Company’s ability to continue as a going concern for 12 months from issuance of these
financial statements. These condensed consolidated financial statements do not include any adjustments to the recoverability and classification
of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going
concern. These adjustments could be material.
The
going concern assessment excludes the Company’s undrawn amounts from the common stock purchase agreements with Tysadco (Note 12)
and the Company’s at-the-market (“ATM”) offering (Note 17), which could provide sources of liquidity.
Based
on our current operating plan, unless we generate income from the operations of our facilities and Government Grant Awards, or raise
additional capital (debt or equity), it is possible that we will be unable to maintain our financial covenants under our existing Note
agreement (Note 10). If such covenant violations are not waived by the Note holder, it would result in an event of default, causing an
acceleration of the outstanding balances. If we do raise additional capital through public or private equity offerings, as opposed to
debt or additional Note issuances, the ownership interest of our existing stockholders may be diluted.
|
X |
- DefinitionThe entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 275 -Publisher FASB -URI https://asc.fasb.org/275/tableOfContent
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -SubTopic 10 -Topic 275 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-1
+ Details
Name: |
us-gaap_NatureOfOperations |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Summary of Significant Accounting Policies
|
9 Months Ended |
Mar. 31, 2024 |
Accounting Policies [Abstract] |
|
Summary of Significant Accounting Policies |
2.
Summary of Significant Accounting Policies
a)
Basis of Presentation and Principles of Consolidation
The
condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted
in the United States (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year end is June 30.
These
condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Oroplata Exploraciones
E Ingenieria SRL (dissolved), LithiumOre Corporation (formerly Lithortech Resources Inc), ABMC AG, LLC (dissolved) and Aqua Metals Transfer
LLC. All inter-company accounts and transactions have been eliminated upon consolidation.
On
September 11, 2023, the Company effected a one-for-fifteen reverse-stock-split with respect to the authorized, issued, and outstanding
shares of common stock and preferred stock. All share and per-share amounts included in this Form 10-Q are presented as if the stock
split had been effective from the beginning of the earliest period presented.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
Immaterial
Correction of Previously Issued Consolidated Financial Statements
Subsequent
to the issuance of the Company’s December 31, 2023 condensed consolidated financial statements, the Company identified errors
in the application of Accounting Standards Codification (“ASC”) 710, “Compensation-General,” and ASC 718,
“Compensation-Stock Compensation,” related to expense recognition for cash and equity awards that are subject to both
service and performance conditions. ASC 710 and ASC 718 require recognition of compensation cost once achievement of the performance
condition becomes probable as the requisite service is provided. Historically, the Company did not recognize compensation cost
for certain cash and equity awards until the performance conditions in the form of milestones were achieved, and for the
Company’s common share warrant performance-based awards, no compensation cost had previously been recognized when the performance
conditions either became probable of achievement or were achieved. As the common share warrant and RSU performance-based awards to
executive officers and key employees are granted with a fixed dollar value and settled in a variable number of common share warrants
or RSUs, these awards are liability-classified and the corresponding compensation cost should be recorded to current or long-term
liabilities, depending on expected timing of settlement of the award, once the performance conditions become probable of
achievement.
The
correction of this error resulted in an increase in compensation cost of $0.9
million as of and for the fiscal year ended June
30, 2023, and an increase in compensation cost of $1.6
million and $0.6
million for the quarters ended September 30,
2023 and December 31, 2023, respectively. For the six-month period ended December 31, 2023, the errors resulted in an increase in compensation
cost of $2.2 million. As certain of these
awards are liability-classified, the correction of this error resulted in an increase of $0.3
million in accounts payable and accrued
liabilities for the current portion of the awards and an increase of $0.8
million in equity compensation liability for
the noncurrent portion of the awards as of June 30, 2023.
The
Company also identified an error in application of ASC 815, “Derivatives and Hedging,” related to the initial and subsequent
recognition of a conversion option in the Company’s convertible notes that does not qualify for equity classification. ASC 815
requires bifurcation of the conversion option with subsequent changes in the fair value of the bifurcated derivative to be recorded in
earnings. At issuance of the convertible notes, the Company should have recognized a derivative
liability and a corresponding discount on the convertible notes resulting from bifurcation of the derivative, with subsequent changes
in the fair value of the derivative liability and accretion of the discount recorded in earnings.
The
correction of this error resulted in an increase in interest and other expense of less than $0.1
million for the quarter ended September 30, 2023
and $0.3 million
for the quarter ended December 31, 2023. For the six-month period ended December 31, 2023, the error resulted in an increase in interest
and other expenses of $0.4 million.
The
Company has evaluated the effects of the corrections detailed in the tables below on the previously issued consolidated financial
statements, individually and in the aggregate, in accordance with the guidance in ASC 250, “Accounting Changes and Error
Corrections.” The Company has concluded such corrections to be immaterial to its previously issued consolidated financial
statements. While management believes the effect of the errors is immaterial to the Company’s previously issued consolidated
financial statements as of and for the year ended June 30, 2023, and the condensed consolidated financial statements as of and for
the three months ended September 30, 2023 and as of and for the three and six months ended December 31, 2023, the financial
statement line items impacted by these errors have been corrected. In addition, the immaterial error is being corrected
prospectively in the Company’s subsequent quarterly and annual filings.
The
tables below reflect the sections of the Company’s condensed consolidated financial statements that were impacted by the error.
Schedule of Consolidated Financial Statements
CONSOLIDATED BALANCE SHEET
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
Liabilities and Stockholders’ Equity |
| |
| | | |
| | | |
| | |
Current liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 7,389,864 | | |
$ | 345,000 | | |
$ | 7,734,864 | |
Total current liabilities | |
| 13,389,864 | | |
| 345,000 | | |
| 13,734,864 | |
Equity compensation liability | |
| - | | |
| 833,427 | | |
| 833,427 | |
Total liabilities | |
| 13,444,168 | | |
| 1,178,427 | | |
| 14,622,595 | |
| |
| | | |
| | | |
| | |
Stockholders’ equity | |
| | | |
| | | |
| | |
Additional paid in capital | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Accumulated deficit | |
| (159,973,575 | ) | |
| (852,933 | ) | |
| (160,826,508 | ) |
Total stockholders’ equity | |
| 61,214,484 | | |
| (1,178,427 | ) | |
| 60,036,057 | |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONSOLIDATED STATEMENT OF OPERATIONS
| |
| | |
| | |
| |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 11,960,831 | | |
$ | 887,300 | | |
$ | 12,848,131 | |
Research and development | |
| 7,703,895 | | |
| (138,160 | ) | |
| 7,565,735 | |
Exploration | |
| 1,910,548 | | |
| 103,793 | | |
| 2,014,341 | |
Total operating expenses | |
| 21,575,274 | | |
| 852,933 | | |
| 22,428,207 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (21,575,274 | ) | |
$ | (852,933 | ) | |
$ | (22,428,207 | ) |
| |
| | | |
| | | |
| | |
Net loss attributable to common stockholders | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
Net loss per share, basic and diluted | |
$ | (0.49 | ) | |
$ | (0.02 | ) | |
$ | (0.51 | ) |
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
| |
| | | |
| | | |
| | |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Stock-based compensation expense | |
$ | 9,249,462 | | |
$ | (325,494 | ) | |
$ | 8,923,968 | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Net loss for period | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
Balance, June 30, 2023 | |
| (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
| |
| | | |
| | | |
| | |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Stock-based compensation | |
| 9,249,462 | | |
| 507,933 | | |
| 9,757,395 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | (187,796 | ) | |
$ | 345,000 | | |
$ | 157,204 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (13,367,980 | ) | |
$ | - | | |
$ | (13,367,980 | ) |
CONDENSED
CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended September 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 2,948,846 | | |
$ | 105,152 | | |
$ | 3,053,998 | |
Research and development | |
| 2,155,314 | | |
| 1,458,538 | | |
| 3,613,852 | |
Exploration | |
| 1,279,782 | | |
| 70,138 | | |
| 1,349,920 | |
Total operating expenses | |
| 6,383,942 | | |
| 1,633,827 | | |
| 8,017,769 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (6,383,942 | ) | |
$ | (1,633,827 | ) | |
$ | (8,017,769 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization of financing costs | |
$ | (706,731 | ) | |
$ | (26,165 | ) | |
$ | (732,896 | ) |
Total other income (expense) | |
| (848,043 | ) | |
| (26,165 | ) | |
| (874,208 | ) |
| |
| | | |
| | | |
| | |
Net loss attributable to common stockholders | |
$ | (7,231,985 | ) | |
$ | (1,659,992 | ) | |
$ | (8,891,977 | ) |
Net loss per share, basic and diluted | |
$ | (0.16 | ) | |
$ | (0.03 | ) | |
$ | (0.19 | ) |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended September 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Stock-based compensation expense | |
| 1,921,442 | | |
| 981,396 | | |
| 2,902,838 | |
Balance, September 30, 2023 | |
$ | 226,317,285 | | |
$ | 655,903 | | |
$ | 226,973,188 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
Net loss for period | |
| (7,231,985 | ) | |
| (1,659,992 | ) | |
| (8,891,977 | ) |
Balance, September 30, 2023 | |
$ | (167,205,560 | ) | |
$ | (2,512,926 | ) | |
$ | (169,718,486 | ) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
| |
| Three months ended September 30, 2023
| |
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (7,231,985 | ) | |
$ | (1,659,992 | ) | |
$ | (8,891,977 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Accretion expense | |
$ | 256,459 | | |
$ | 26,165 | | |
$ | 282,624 | |
Stock-based compensation | |
| 1,921,442 | | |
| 1,447,827 | | |
| 3,369,269 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 228,071 | | |
$ | 186,000 | | |
$ | 414,071 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (4,758,984 | ) | |
$ | - | | |
$ | (4,758,984 | ) |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONDENSED
CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 4,310,452 | | |
$ | 106,264 | | |
$ | 4,416,716 | |
Research and development | |
| 3,148,873 | | |
| 420,294 | | |
| 3,569,167 | |
Exploration costs | |
| 771,523 | | |
| 51,902 | | |
| 823,425 | |
Total operating expenses | |
| 8,230,848 | | |
| 578,459 | | |
| 8,809,307 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (8,230,848 | ) | |
$ | (578,459 | ) | |
$ | (8,809,307 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization and accretion of financing costs | |
$ | (1,053,766 | ) | |
$ | (78,492 | ) | |
$ | (1,132,258 | ) |
Change in fair value of derivative liability | |
| - | | |
| (229,473 | ) | |
| (229,473 | ) |
Total other income (expense) | |
| (1,060,587 | ) | |
| (307,965 | ) | |
| (1,368,552 | ) |
| |
| | | |
| | | |
| | |
Net loss | |
$ | (9,291,435 | ) | |
$ | (886,424 | ) | |
$ | (10,177,859 | ) |
Net loss per share, basic and diluted | |
$ | (0.19 | ) | |
$ | (0.02 | ) | |
$ | (0.21 | ) |
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 7,259,298 | | |
$ | 211,415 | | |
$ | 7,470,713 | |
Research and development | |
| 5,304,187 | | |
| 1,878,831 | | |
| 7,183,018 | |
Exploration costs | |
| 2,051,305 | | |
| 122,040 | | |
| 2,173,345 | |
Total operating expenses | |
| 14,614,790 | | |
| 2,212,286 | | |
| 16,827,076 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (14,614,790 | ) | |
$ | (2,212,286 | ) | |
$ | (16,827,076 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization and accretion of financing costs | |
$ | (1,760,497 | ) | |
$ | (104,657 | ) | |
$ | (1,865,154 | ) |
Change in fair value of derivative liability | |
| - | | |
| (229,473 | ) | |
| (229,473 | ) |
Total other income (expense) | |
| (1,908,630 | ) | |
| (334,130 | ) | |
| (2,242,760 | ) |
| |
| | | |
| | | |
| | |
Net loss | |
$ | (16,523,420 | ) | |
$ | (2,546,416 | ) | |
$ | (19,069,836 | ) |
Net loss per share, basic and diluted | |
$ | (0.35 | ) | |
$ | (0.05 | ) | |
$ | (0.40 | ) |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONDENSED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
| |
Three months ended December 31, 2023 | |
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, September 30, 2023 | |
$ | 226,317,285 | | |
$ | 655,903 | | |
$ | 226,973,188 | |
Stock-based compensation expense | |
| 3,836,466 | | |
| 146,877 | | |
| 3,983,343 | |
Balance, December 31, 2023 | |
$ | 243,020,935 | | |
$ | 802,779 | | |
$ | 243,823,714 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, September 30, 2023 | |
$ | (167,205,560 | ) | |
$ | (2,512,926 | ) | |
$ | (169,718,486 | |
Net loss for period | |
| (9,291,435 | ) | |
| (886,424 | ) | |
| (10,177,859 | ) |
Balance, December 31, 2023 | |
$ | (176,496,995 | ) | |
$ | (3,399,350 | ) | |
$ | (179,896,345 | ) |
CONDENSED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Stockholders’ Equity | |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Stock-based compensation expense | |
| 5,757,908 | | |
| 1,128,273 | | |
| 6,886,181 | |
Balance, December 31, 2023 | |
$ | 243,020,935 | | |
$ | 802,779 | | |
$ | 243,823,714 | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
Net loss for period | |
| (16,523,420 | ) | |
| (2,546,416 | ) | |
| (19,069,836 | ) |
Balance, December 31, 2023 | |
$ | (176,496,995 | ) | |
$ | (3,399,350 | ) | |
$ | (179,896,345 | ) |
CONDENSED CONSOLIDATED STATEMENTS
OF CASH FLOWS
| |
| | |
| | |
| |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (16,523,420 | ) | |
$ | (2,546,416 | ) | |
$ | (19,069,836 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Accretion of financing costs | |
$ | 1,760,497 | | |
$ | 104,657 | | |
$ | 1,865,154 | |
Stock-based compensation | |
| 5,757,908 | | |
| 1,933,603 | | |
| 7,691,511 | |
Shares issued for professional services | |
| (132) | | |
| (316 | ) | |
| (448 | ) |
Change in fair value of derivative liability | |
| - | | |
| 229,473 | | |
| 229,473 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 2,223,865 | | |
$ | 279,000 | | |
$ | 2,502,865 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (7,418,700 | ) | |
$ | - | | |
$ | (7,418,700 | ) |
b)
Use of Estimates
The
preparation of these consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reporting periods. The Company regularly evaluates estimates
and assumptions related to the fair value of stock-based compensation, valuation and recoverability of long-lived assets and intangible
assets subject to impairment testing, and deferred income tax asset valuation allowances.
The
Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be
reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and
liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by
the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between
the estimates and the actual results, future results of operations may be affected.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
2.
Summary of Significant Accounting Policies (continued)
c)
Long-Lived Assets
Long-lived
assets, such as property and equipment, mineral properties, and purchased intangibles, are evaluated for impairment whenever events or
changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with ASC 360, “Property,
Plant, and Equipment.” Circumstances which could trigger a review include, but are not limited to: significant decreases in the
market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly
in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses
combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that
the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. The Company’s
long-lived assets consist of buildings, vehicles, equipment, and land. Buildings, vehicles, and equipment are depreciated on a straight-line
basis over their estimated value lives ranging between three and thirty years.
The
recoverability of assets is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected
to be generated by an asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized
as the amount by which the carrying amount exceeds the estimated fair value of the asset. Any impairment in value is recognized as an
expense in the period when the impairment occurs. No impairment charges were recorded in the three or nine months ended March 31, 2024.
Expenses
for major repairs and maintenance which extend the useful lives of property and equipment are capitalized. All other maintenance expenses,
including planned major maintenance activities, are expensed as incurred. Gains or losses from property disposals are included in income
or loss from operations.
d)
Mining Properties
Costs
of lease, exploration, carrying and retaining unproven mineral properties are expensed as incurred. The Company expenses all mineral
exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its
investigation of its properties and upon development of a plan for operating a mine, it will enter the development stage and capitalize
future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized
on a units-of-production basis over the proven and probable reserves following the commencement of production. Interest expense allocable
to the cost of developing mining properties and to construct new facilities is capitalized until assets are ready for their intended
use.
To
date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being
expensed.
ASC
930-805, “Extractive Activities-Mining: Business Combinations,” states that mineral rights consist of the legal right to
explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights which are
considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition
date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs
associated with acquiring patented and unpatented mining claims.
e)
Intangible Assets
Intangible
assets consist of water rights that have indefinite useful lives are tested annually for impairment, or more frequently if events and
circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount of the
asset group exceeds its fair value. Annually, or when there is a triggering event, the Company first performs a qualitative assessment
by evaluating all relevant events and circumstances to determine if it is more likely than not that the indefinite-lived intangible assets
are impaired; this includes considering any potential effect on significant inputs to determining the fair value of the indefinite-lived
intangible assets. When it is more likely than not that an indefinite-lived intangible asset is impaired, then the Company calculates
the fair value of the intangible asset and performs a quantitative impairment test. No impairment charges were recorded in the three
or nine months ended March 31, 2024.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
2.
Summary of Significant Accounting Policies (continued)
f)
Loss per Share
The
Company computes net income (loss) per share in accordance with ASC 260, “Earnings per Share.” ASC 260 requires presentation
of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing
net income (loss) attributable to common stockholders (numerator) by the weighted average number of shares outstanding (denominator)
during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury
stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the
period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants and awards. At
March 31, 2024, the Company had 10,581,138 potentially dilutive shares outstanding, consisting of 1,355,853 from convertible notes, 5,757,894
from warrants and 3,467,391 from share awards outstanding. As the Company has reported losses for all periods presented, all potentially
dilutive securities are anti-dilutive, and accordingly, basic net loss per share equaled diluted net loss per share.
g)
Stock-based Compensation
The
Company records stock-based compensation in accordance with ASC 718, “Stock Compensation,” using the fair value method. All
transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based
on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the
fair value of the equity instruments issued. The Company utilizes the Black Scholes method when calculating stock-based compensation
expense relating to stock option awards and warrants.
The
Company records the stock-based compensation expense attributed to share awards in accordance with US GAAP using the graded-vesting method.
The Company amortizes the grant date fair value over the respective vesting period, beginning with recognition on the date of grant.
Compensation in the form of warrants is limited to executives, and recorded as a liability until the warrant is exercised or expires.
Executives may also receive compensation in the form of RSUs that are recorded as a liability until the award is settled in shares of
common stock. The liability classification of these awards is based on the total value of the award granted at a fixed value but settled
in a variable number of warrants or RSUs until the milestones are achieved and the warrants or RSUs are issued.
h)
Exploration Costs
Mineral
property acquisition costs are capitalized as incurred. Exploration and evaluation costs are expensed as incurred until proven and probable
reserves are established. The Company assesses the carrying costs for impairment under ASC 360, “Property, Plant, and Equipment,”
at each period end. When it has been determined that a mineral property can be economically developed as a result of establishing proven
and probable reserves, the costs then incurred to develop such property are capitalized on a prospective basis. Such costs will be amortized
using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned
or impaired, any capitalized costs will be charged to operations. As of March 31, 2024 and 2023, the Company has not capitalized any
such mineral property costs.
i)
Research and Development Costs
Research
and development (“R&D”) costs are accounted for in accordance with ASC 730, “Research and Development.” ASC
730-10-25 requires that all R&D costs be recognized as an expense as incurred. However, some costs associated with R&D activities
that have an alternative future use (e.g., materials, equipment, facilities) may be capitalizable.
The
Company has been awarded federal grant awards for specific R&D programs. Under Accounting Standards Update (“ASU”) No.
2021-10 “Government Assistance,” the Company recognizes invoiced government funds as an offset to R&D costs in the period
the qualifying costs are incurred. As the federal grants receivable are not deemed to have any significant realization risk, the Company
believes this best reflects the expected net expenditures associated with these programs.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
2.
Summary of Significant Accounting Policies (continued)
j)
Leases
The
Company follows the guidance of ASC 842, “Leases,” which requires an entity to recognize a right-of-use (“ROU”)
asset and a lease liability for virtually all leases. Operating lease ROU assets and liabilities are recognized at commencement date
based on the present value of lease payments over the lease term. ROU assets represent the Company’s right to use an underlying
asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease.
The Company determines the present value of lease payments utilizing its incremental borrowing rate, as the implicit rate of interest
in the respective leases is not readily determinable. The Company’s incremental borrowing rate is a hypothetical rate based on
its understanding of what its credit rating would be.
The
Company has elected not to recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less.
The Company recognizes the lease payments associated with its short-term office space leases as an expense on a straight-line basis over
the lease term. Variable lease payments associated with these leases are recognized and presented in the same manner as for all other
Company leases.
k)
Income Taxes
The
Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes.” The asset
and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary
differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards.
Deferred
tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are
expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely
than not to be realized.
Any
uncertain tax position liabilities have been applied against the deferred tax balance given that there is a sufficient net operating
loss to cover any penalties and fees associated with the uncertain tax position. The Company assesses each of its identified uncertain
positions and determines whether any potential penalties and interest liability should be accrued at the balance sheet dates.
Due
to the Company’s cumulative loss position since inception, the likelihood of deferred tax assets being realized does not meet the
more likely than not assessment guidelines. Accordingly, a valuation allowance equal to the deferred tax asset has been recorded at March
31, 2024 and June 30, 2023.
l)
Accounting Pronouncements
In
November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.”
The amendment in this update expands segment disclosures by requiring disclosures about significant segment expenses that are regularly
provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description
of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. This update
is effective for our annual report for fiscal year 2025, for interim period reporting beginning in fiscal year 2026, with early adoption
permitted, and will be applied retrospectively to all prior periods presented in the financial statements. We are currently evaluating
the timing of adoption and the impact of this ASU on our Consolidated Financial Statements and related disclosures.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
In
December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvement to Income Tax Disclosures.” The amendments
further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income
taxes paid by jurisdiction. This ASU is effective for our annual report for fiscal year 2026, with early adoption permitted, and should
be applied either prospectively or retrospectively. We are currently evaluating the timing of adoption and impact of this ASU on our
Consolidated Financial Statements and related disclosures.
m)
Derivative Financial Instruments
The
Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded
derivatives in accordance with ASC 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted
for as liabilities, the derivative instrument is initially recorded at its fair value on the issuance date and is then re-valued at each
reporting date, with changes in the fair value reported in earnings in the condensed consolidated statements of operations.
n)
Convertible Notes
The
Company evaluates all conversion, repurchase and redemption features contained in a debt instrument to determine if there are any embedded
features that require bifurcation as a derivative. The Company accounts for its convertible notes as a long-term liability, with the
current portion reclassified to a short-term liability, equal to the proceeds received from issuance, including any embedded conversion
features, net of the unamortized debt discount and offering costs in the accompanying unaudited condensed consolidated balance sheets.
The debt discount, debt issuance and offering costs are amortized over the term of the convertible notes, using the effective interest
method, as interest expense in the accompanying unaudited condensed consolidated statements of operations.
o)
Inventory
Inventory
is stated at the lower of cost or market (net realizable value). The Company performs an assessment of the recoverability of capitalized
inventory during each reporting period and writes down any excess and obsolete inventories to their net realizable value in the period
in which the impairment is first identified.
p)
Cash and Cash Equivalents
The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company did not have any cash equivalents as of March 31, 2024 and June 30, 2023.
q)
Fair Value of Financial Instruments
The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under the ASC 820, “Fair Value
Measurements,” equals or approximates the carrying amounts represented in the condensed consolidated balance sheets.
r)
Other Current Assets
Other
Current Assets are comprised of payroll tax credits related to research and development activities per IRS form 6765.
s)
Accrued Claims and Contingencies
The
Company is subject to various claims and contingencies related to lawsuits. A liability is recorded for claims, legal costs or other
contingencies when the risk of loss is probable and reasonable estimable. The required reserves may change due to new developments in
each period.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for all significant accounting policies of the reporting entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483426/235-10-50-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 235 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/235/tableOfContent
+ Details
Name: |
us-gaap_SignificantAccountingPoliciesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Inventories
|
9 Months Ended |
Mar. 31, 2024 |
Inventory Disclosure [Abstract] |
|
Inventories |
3.
Inventories
The
Company’s inventory for its lithium-ion battery recycling operation is comprised of raw materials, in the form of battery feedstock,
and finished goods, in the form of black mass and other metals. Inventory is valued at the lower of average cost or net realizable value.
The carrying value of inventory includes those costs to acquire battery feedstock and any related carrying and processing costs incurred
by the Company.
Schedule
of Inventories
| |
March 31, 2024 | | |
June 30, 2023 | |
Raw materials | |
$ | 436,968 | | |
$ | 125,204 | |
Finished goods | |
| 185,577 | | |
| - | |
Total | |
$ | 622,545 | | |
$ | 125,204 | |
|
X |
- References
+ Details
Name: |
us-gaap_InventoryDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent
+ Details
Name: |
us-gaap_InventoryDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Government Grant and Tax Credit Awards
|
9 Months Ended |
Mar. 31, 2024 |
Government Grant And Tax Credit Awards |
|
Government Grant and Tax Credit Awards |
4.
Government Grant and Tax Credit Awards
Grants
receivable represent qualifying costs incurred where there is reasonable assurance that the conditions of the grant have been met but
the corresponding funds have not been received as of the reporting date. As collections from the federal government have been and are
expected to continue to be timely, no allowance for doubtful accounts has been established. If amounts become uncollectible, they will
be charged to operations. Grants receivable was $527,723 and $320,457 as of March 31, 2024 and June 30, 2023, respectively. The Company
recognizes invoiced government funds as an offset to R&D costs in the period the qualifying costs are incurred.
On
January 20, 2021, the U.S. Department of Energy (“DOE”) announced that the Company had been selected for award negotiation
for a three-year project with a total budget of $4.5 million for the field demonstration of its selective leaching, targeted purification,
and electro-chemical production of battery grade lithium hydroxide from domestic claystone resources technology. Through this grant award
the Company is eligible to receive reimbursement of up to 50% of eligible expenditures, or up to $2.3 million. The prime agreement contract
for this grant (the “AMMTO grant”) was issued with a project start date of October 1, 2021. The Company began receiving funds
related to this award during the fiscal year ending June 30, 2022. As of March 31, 2024, the cumulative funds invoiced for this grant
totaled $1,560,962, which represents 68% of the total eligible reimbursements.
On
August 16, 2021, the Company received a contract award for a 30-month project with a total budget of $2.0 million from the United States
Advanced Battery Consortium (the “USABC grant”) as part of a competitively bid project, through which the Company will receive
reimbursement for up to $500,000 of eligible expenditures. The objective of the contract award is for the commercial-scale development
and demonstration of an integrated lithium-ion battery recycling system, the production of battery cathode grade metal products, the
synthesis of high energy density active cathode material from these recycled battery metals, and the fabrication of large format automotive
battery cells from these recycled materials and the testing of these cells against otherwise identical cells made from virgin sourced
metals. The Company began receiving funds related to this award during the fiscal year ending June 30, 2023. As of March 31, 2024, the
cumulative funds invoiced for this grant totaled $479,939, which represents 96% of the total eligible reimbursements.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited
On
October 21, 2022, the U.S. DOE announced that the Company had been selected for award negotiation for a five-year project with a total
budget of $115.5 million to design, construct, and commission a first-of-kind lithium hydroxide refinery using Nevada-based claystone
as the feedstock to expand domestic manufacturing of battery grade lithium hydroxide for lithium-ion batteries for electric vehicles,
with a focus on domestic processing of materials and components that are currently imported from foreign countries. Through this grant
award the Company is eligible to receive reimbursement of up to 50% of eligible expenditures, up to $57.7 million. The prime agreement
contract for this grant was issued with a project start date of September 1, 2023. The Company began receiving funds related to this
award during the period ending December 31, 2023. As of March 31, 2024, the cumulative funds invoiced for this grant totaled $1,457,877,
which represents 3% of the total eligible reimbursements.
On
November 17, 2022, the U.S. DOE announced that the Company had been selected for award negotiation for a three-year project with a total
budget of $20.0 million to demonstrate and commercialize next generation techniques for its lithium-ion battery recycling processes to
produce low-cost and low-environmental impact domestic battery materials. Through this grant award the Company is eligible to receive
reimbursement of up to 50% of eligible expenditures, up to $10.0 million. The prime agreement contract for this grant was issued with
a project start date of October 1, 2023. The Company began receiving funds related to this award during the period ending December 31,
2023. As of March 31, 2024, the cumulative funds invoiced for this grant totaled $421,735, which represents 4% of the total eligible
reimbursements.
On
March 28, 2024, ABTC was selected for a tax credit for up to $19.5 million through the Qualifying Advanced Energy Project Credits program
(48C). This tax credit was granted by the U.S. Department of Treasury Internal Revenue Service following a highly competitive technical
and economic review process performed by the U.S.DOE, which evaluated the feasibility of applicant facilities to advance America’s
buildout of globally competitive critical material recycling, processing, and refining infrastructure. This tax credit may be utilized
both for the reimbursement of capital expenditures spent to date at ABTC’s battery recycling facility in the Tahoe-Reno Industrial
Center (TRIC) in Storey County, Nevada.
Also
on March 28, 2024, ABTC was selected for an additional tax credit of up to $40.5 million through the 48C program, which may be used in
support of the design and construction of a new commercial battery recycling facility to be located in the United States.
|
X |
- References
+ Details
Name: |
ABAT_DisclosureGovernmentGrantAndTaxCreditAwardsAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionGovernment Grants Awards [Text Block]
+ References
+ Details
Name: |
ABAT_GovernmentGrantsAwardsTextBlock |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Other Deposits
|
9 Months Ended |
Mar. 31, 2024 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
|
Other Deposits |
5.
Other Deposits
On
March 1, 2023, the Company and Linico Corporation (“Linico”) entered into an Asset Purchase Agreement (“APA”)
whereby the Company acquired specific tangible equipment and personal property for an aggregate purchase price of $6.0 million. Contemporaneously
with the signing of the APA, the Company and Linico entered into another agreement, the Membership Interest Purchase Agreement (“MIPA”),
whereby the Company would acquire 100% of the membership interests in Aqua Metals Transfer, LLC, principally real property consisting
of land and a building in the Tahoe-Reno Industrial Center (TRIC) at 2500 Peru Drive, McCarran, Nevada, for an aggregate purchase price
of $21.6 million. The purchase was finalized on August 11, 2023 at which time the aggregate total of $27.6 million worth of deposits
was bifurcated into both real and personal property assets, inclusive of both agreements (See Note 6).
On
June 30, 2023, the Company and Linico entered into an amendment to the MIPA. Pursuant to the terms of the amended agreement, the parties
agreed to (i) remove the requirement that $1.5 million of the purchase price be held in escrow for the settlement of indemnification
claims, (ii) transfer back to the Company 128,206 common shares, previously issued by the Company, in exchange for the elimination of
such indemnification escrow, (iii) add a purchase price adjustment to the extent that, as of four months after the registration statement
on Form S-3 filed by the Company is declared effective by the SEC, the value of the portion of the purchase price comprised of shares
does not equal at least $6.0 million, (iv) provide for an interim water rights agreement through the final purchase price payment date,
(iv) advance the closing date to as soon as practicable after the declaration of effectiveness of the resale registration statement on
Form S-3, and (v) remove the deadline to close the acquisition by June 30, 2023.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
|
X |
- References
+ Details
Name: |
us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets.
+ References
+ Details
Name: |
us-gaap_OtherAssetsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Property, Plant and Equipment
|
9 Months Ended |
Mar. 31, 2024 |
Property, Plant and Equipment [Abstract] |
|
Property, Plant and Equipment |
6.
Property, Plant and Equipment
The
table below presents the property, plant and equipment as of March 31, 2024 and June 30, 2023:
Schedule of Property and Equipment
| |
Land | | |
Building | | |
Equipment | | |
Total | |
Cost: | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 6,728,838 | | |
$ | 17,508,486 | | |
$ | 5,870,496 | | |
$ | 30,107,820 | |
Additions | |
| 4,126,833 | | |
| 22,406,792 | | |
| 9,213,570 | | |
| 35,747,196 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, March 31, 2024 | |
$ | 10,855,671 | | |
$ | 39,915,278 | | |
$ | 15,084,066 | | |
$ | 65,855,016 | |
| |
| | | |
| | | |
| | | |
| | |
Accumulated Depreciation: | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | - | | |
$ | - | | |
$ | 161,721 | | |
$ | 161,721 | |
Additions | |
| | | |
| | | |
| 106,644 | | |
| 106,644 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, March 31, 2024 | |
$ | - | | |
$ | - | | |
$ | 268,365 | | |
$ | 268,365 | |
| |
| | | |
| | | |
| | | |
| | |
Carrying Amounts: | |
| | | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 6,728,838 | | |
$ | 17,508,486 | | |
$ | 5,708,775 | | |
$ | 29,946,099 | |
Balance, March 31, 2024 | |
$ | 10,855,671 | | |
$ | 39,915,278 | | |
$ | 14,815,702 | | |
$ | 65,586,651 | |
On
August 11, 2023, the Company finalized the purchase of its commercial-scale battery recycling facility located in the TRIC, as indicated
in Note 5. At that time, the aggregate total of $27.6 million in deposits was reclassified to Property, Plant and Equipment. The Company
has installed additional equipment on site to accelerate the first commercial scale implementation of its internally developed lithium-ion
battery recycling technologies.
|
X |
- References
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Mining Properties
|
9 Months Ended |
Mar. 31, 2024 |
Mining Properties |
|
Mining Properties |
7.
Mining Properties
On
July 21, 2022, the Company exercised the option to purchase the rights to unpatented lode claims in Tonopah, Nevada. Since that time,
the Company has worked with third parties to conduct drill programs and analysis to verify the grade and continuity of the mining claims.
Over 50% of the inferred mineral resources have been upgraded to measured and indicated classifications. The Company is still in the
exploration stage and expenses all mineral exploration costs. If the Company identifies proven and probable reserves and develops an
economic plan for operating a mine, it will enter the development stage and capitalize future costs until production is established.
|
X |
- References
+ Details
Name: |
ABAT_DisclosureMiningPropertiesAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMining Properties Disclosure [Text Block]
+ References
+ Details
Name: |
ABAT_MiningPropertiesDisclosureTextBlock |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Intangible Assets
|
9 Months Ended |
Mar. 31, 2024 |
Goodwill and Intangible Assets Disclosure [Abstract] |
|
Intangible Assets |
8.
Intangible Assets
On
September 12, 2023, the Company acquired approximately 40.52-acre feet of water rights from the Thomas C. Woodward Living Trust, valued
at $0.1 million. The water rights are treated in accordance with ASC 350, “Intangible Assets,” and have an unlimited useful
life subject to beneficial use.
The
Company’s acquisition of the commercial-scale battery recycling facility at the TRIC included water rights valued at $0.6 million
and are described as an eighteen and forty-five one-hundredths (18.45) acre-foot/annually portion of the Truckee-Carson Irrigation District,
Serial Number 1081-A-1. These are appurtenant to a certain real property located in Storey County, Nevada, described as Storey County
Assessor Parcel Number 021-37-104 and have an unlimited useful life upon assignment to a property through use of a will-serve, which
has no expiration date.
The
table below presents total intangible assets at:
Schedule of Intangible Assets
| |
March 31, 2024 | | |
June 30, 2023 | |
Water rights | |
$ | 4,584,831 | | |
$ | 3,851,899 | |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
|
X |
- References
+ Details
Name: |
us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for all or part of the information related to intangible assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent
+ Details
Name: |
us-gaap_IntangibleAssetsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Accounts Payable and Accrued Liabilities
|
9 Months Ended |
Mar. 31, 2024 |
Payables and Accruals [Abstract] |
|
Accounts Payable and Accrued Liabilities |
9.
Accounts Payable and Accrued Liabilities
The
table below presents total accounts payable and accrued liabilities at:
Schedule of Accounts Payable and Accrued Liabilities
| |
March 31, 2024 | | |
June 30, 2023 | |
Trade payables | |
$ | 2,949,290 | | |
$ | 1,831,686 | |
Accrued fixed assets | |
| 1,999,331 | | |
| 4,404,034 | |
Accrued expenses | |
| 1,226,040 | | |
| 1,377,660 | |
Right-of-use liability, current | |
| 86,030 | | |
| 121,484 | |
Total accounts payable and accrued liabilities | |
$ | 6,260,691 | | |
$ | 7,734,864 | |
|
X |
- DefinitionThe entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483384/720-30-45-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_PayablesAndAccrualsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Notes Payable
|
9 Months Ended |
Mar. 31, 2024 |
Debt Disclosure [Abstract] |
|
Notes Payable |
10.
Notes Payable
On
May 17, 2023, the Company entered into a Credit Agreement (the “Credit Agreement”) with Mercuria Investments US, Inc. for
pre-payment on the purchase of the Company’s recycled battery metal products. As such, inventory serves as collateral for outstanding
balances. The Credit Agreement provides for an aggregate loan amount of up to $20 million, comprised of (i) an initial term loan in the
aggregate principal amount of $6 million and (ii) delayed draw term loan commitments in an aggregate amount equal to $14 million. Borrowings
under the Credit Agreement carry interest calculated as the secured overnight financing rate published on the Federal Reserve Bank of
New York’s website, plus the applicable credit spread adjustment, based on the elected interest period, plus an applicable margin
rate of 6%. The agreement contains provisions that allow the Company to remit principal and interest payments via future delivery of
its initial recycling byproduct, black mass.
On
August 30, 2023, the Company caused the repayment in full of all indebtedness, liabilities and other obligations under, and terminated,
its former credit agreement, dated as of May 17, 2023 by and among the Company, as Borrower, and Mercuria Investments US, Inc., as Agent.
The Company did not incur any material early termination penalties because of such termination of the credit agreement. The Company remains
engaged with Mercuria Investments US, Inc. in a marketing and presale capacity.
On
August 29, 2023, the Company and High Trail (the “Buyers”) entered into a Securities Purchase Agreement (the “Purchase
Agreement”), pursuant to which the Company sold to the Buyers up to $51.0 million of a new series of senior secured convertible
notes (the “Notes”). To date, $25.0 million has been received and $12.6 million has been repaid. The remaining $26 million
under the facility includes $13.5 million with the condition that the Company started trading on the Nasdaq Capital Market, had $250,000
in sales, and establish an ATM or ELOC, and another $12.5 million at the discretion of the Buyers. Buyers may request partial redemptions
of up to an aggregate of $1.8 million on the 15th of each month or may convert the Notes into shares of common stock of the
Company (“Conversion Shares”) at a conversion rate of 110% of the last reported sales price on the date of the agreement
to acquire such Notes. The Notes bear zero coupon, mature on September 1, 2025, require a minimum of $5.0 million maintained in cash
and cash equivalents, and are secured by certain real property and cash and investment accounts of the Company.
The
Company analyzed the conversion features of the Notes for derivative accounting considerations under ASC 815-15, “Derivatives and
Hedging,” and determined a conversion option should be bifurcated and separately accounted for as a derivative liability. Accordingly,
the derivative liability is carried at fair value at each reporting date with the corresponding gain or loss reflected in earnings in
the condensed consolidated statements of operations. See Correction of Previously Issued Consolidated Financial Statements in
Note 2. The Company determined the derivative liability to have a fair value of $0.4 million at issuance of the Notes. For the three
and nine months ended March 31, 2024, the Company recorded a loss on the change in fair value of the derivative liability of $0.2 million
and $0.4 million, respectively. As of March 31, 2024, the fair value of the derivative liability was $0.8 million. The fair value of the derivative liability is classified within Level 3 of the fair value hierarchy and was determined
using the Black-Scholes option pricing model with assumptions as of March 31, 2024 including a volatility of 81.1% and a risk-free-rate
of 4.79%.
Note
discount and issuance costs totaled $4.7 million and reduced the carrying value of the Notes as a debt discount. The carrying value,
net of debt discount and issuance costs, is being accreted over the term of the Notes from date of issuance to date of full repayment,
expected to be in October 2024 based on partial redemption payments, using the effective interest rate method. For the nine months ended
March 31, 2024, amortization of debt discount and issuance costs totaled $2.8 million.
The
table below presents the net carrying amounts of the Notes as of:
Schedule of Net Carrying Amounts of the Notes
| |
March 31, 2024 | | |
June 30, 2023 | |
Principal outstanding | |
$ | 12,483,333 | | |
$ | - | |
Unamortized debt discount and issuance costs | |
| (2,520,864 | ) | |
| - | |
Derivative liability associated with convertible notes | |
| 366,298 | | |
| - | |
Changes in fair market value of derivative liability | |
| 419,739 | | |
| - | |
Net carrying value | |
$ | 10,748,506 | | |
$ | - | |
The
table below presents the maturities of notes payable as of March 31, 2024:
Schedule of Maturities of Notes Payable
| |
| |
March 31, 2025 | |
$ | 12,483,333 | |
March 31, 2026 | |
| - | |
Total note payments | |
| 12,483,333 | |
Less: unamortized debt discount and issuance costs | |
| (2,520,864 | ) |
Derivative liability, at fair value, less amortization | |
| 786,037 | |
Total notes payable | |
$ | 10,748,506 | |
| |
| | |
Notes payable, current | |
$ | 10,748,506 | |
Notes payable, non-current | |
$ | - | |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
|
X |
- References
+ Details
Name: |
us-gaap_DebtDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for long-term debt.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent
+ Details
Name: |
us-gaap_LongTermDebtTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Leases
|
9 Months Ended |
Mar. 31, 2024 |
Leases |
|
Leases |
11.
Leases
A
lease provides the lessee the right to control the use of an identified asset for a period in exchange for consideration. Operating lease
right-of-use assets (“RoU assets”) are presented within the asset section of the Company’s consolidated balance sheets,
while lease liabilities are included within the liability section of the Company’s consolidated balance sheets at March 31, 2024
and June 30, 2023.
RoU
assets represent the Company’s right to use an underlying asset for the lease term and operating lease liabilities represent the
Company’s obligation to make lease payments arising from the lease. The Company determines if an arrangement is a lease at inception.
RoU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease
term. Most operating leases contain renewal options that provide for rent increases based on prevailing market conditions. The terms
used to calculate the RoU assets for certain properties include the renewal options that the Company is reasonably certain to exercise.
The
discount rate used to determine the commencement date present value of lease payments is the interest rate implicit in the lease, or
when that is not readily determinable, the Company estimates a rate of 8.0% for the nine months ending March 31, 2024 and 2023, based
primarily on historical lending agreements. RoU assets include lease payments required to be made prior to commencement and exclude lease
incentives. Both RoU assets and the related lease liability exclude variable payments not based on an index or rate, which are treated
as period costs. The Company’s lease agreements do not contain significant residual value guarantees, restrictions, or covenants.
The
Company occupies office facilities under lease agreements that expire at various dates, many of which do not exceed a year in length.
Total operating lease costs for the nine months ended March 31, 2024 and 2023, were each approximately $0.1 million. The Company does
not have any finance leases as of March 31, 2024 and 2023.
As
of March 31, 2024, current lease liabilities of $0.1 million are included in “Accounts payable and accrued liabilities” on
the consolidated balance sheets. The table below presents total operating lease RoU assets and lease liabilities at March 31, 2024 and
June 30, 2023:
Schedule
of Operating Lease ROU Assets and Lease Liabilities
| |
March 31, 2024 | | |
June 30, 2023 | |
Operating lease right-of-use asset | |
$ | 67,366 | | |
$ | 143,154 | |
Operating lease liabilities | |
$ | 86,030 | | |
$ | 175,788 | |
The
table below presents the maturities of operating lease liabilities as of March 31, 2024:
Schedule
of Maturity of Operating Lease Liabilities
| |
| | |
March 31, 2025 | |
$ | 88,632 | |
March 31, 2026 | |
| - | |
Total lease payments | |
| 88,632 | |
Less: discount | |
| (2,601 | ) |
| |
| | |
Total operating lease liabilities | |
$ | 86,030 | |
| |
| | |
Operating lease liabilities, current | |
$ | 86,030 | |
Operating lease liabilities, non-current | |
$ | - | |
The
table below presents the weighted average remaining lease term for operating leases and weighted average discount rate used in calculating
operating lease right-of-use asset as of March 31, 2024.
Schedule
of Weighted Average Remaining Lease Term for Operating Leases and Weighted Average Discount Rate
Weighted average lease term (years) | |
| 0.67 | |
Weighted average discount rate | |
| 8.00 | % |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
|
X |
- References
+ Details
Name: |
ABAT_DisclosureLeasesAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent
+ Details
Name: |
us-gaap_LesseeOperatingLeasesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Stockholders’ Equity
|
9 Months Ended |
Mar. 31, 2024 |
Equity [Abstract] |
|
Stockholders’ Equity |
12.
Stockholders’ Equity
On
September 21, 2023, the Company’s common stock began trading on the Nasdaq Capital Market under the symbol “ABAT.”
The Company was previously traded on the OTCQX Markets under the symbol “ABML.”
Preferred
Stock
Our
amended and restated articles of incorporation authorize shares of preferred stock and provide that shares of preferred stock may be
issued from time to time in one or more series. Our board of directors will be authorized to fix the voting rights, if any, designations,
powers, preferences, the relative, participating, optional or other special rights and any qualifications, limitations and restrictions
thereof, applicable to the shares of each series. Our board of directors will be able to, without stockholder approval, issue shares
of preferred stock with voting and other rights that could adversely affect the voting power and other rights of the holders of the common
stock and could have anti-takeover effects. The ability of our board of directors to issue shares of preferred stock without stockholder
approval could have the effect of delaying, deferring or preventing a change of control of us or the removal of existing management.
To
date, the Company has authorized a total of 1,666,667 shares of preferred stock. Of this amount the Company has designated a total of
233,334 shares to three classes of preferred stock, Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock.
As of June 30, 2023 and March 31, 2024, no shares of any of these classes are issued and outstanding. A description of each class of
preferred stock is listed below.
Series
A Preferred Stock
The
Company has 33,334 shares of Series A Preferred Stock authorized with a par value of $0.001 per share. The Company had nil shares of
Series A Preferred Stock issued and outstanding on March 31, 2024, and June 30, 2023.
Series
B Preferred Stock
The
Company has 133,334 shares of Series B Preferred Stock authorized with a par value of $10.00 per share. The Company had nil shares of
Series B Preferred Stock issued and outstanding on March 31, 2024, and June 30, 2023.
Series
C Preferred Stock
The
Company has 66,667 shares of Series C Preferred Stock authorized with a par value of $10.00 per share. The Company had nil shares of
Series C Preferred Stock issued and outstanding on March 31, 2024, and June 30, 2023.
Common
Stock
The
Company has 80.0 million shares of common stock authorized, with a par value of $0.001 per share.
On
September 11, 2023, in preparation for listing on the Nasdaq Capital Market, the Company implemented a one-for-fifteen (1-for-15) reverse
split of our common stock. Prior to the reverse stock split the Company had 692,068,218 shares of common stock issued and outstanding,
and after the reverse stock split, the Company had approximately 46,137,882 shares of common stock issued and outstanding. Immediately
after the reverse stock split, each stockholder’s percentage ownership interest in the Company and proportional voting power remained
unchanged aside from rounding fractional shares into whole shares, resulting in an additional 59,164 common shares issued. The reverse
stock split did not change the par value of the common stock or preferred stock.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
12.
Stockholders’ Equity (continued)
Common
Stock (continued)
Nine
months ended March 31, 2024:
During
the period the Company issued 1,326 common shares that were previously listed as issuable as of June 30, 2023. These shares for professional
services relate to previously earned board compensation.
During
the period, the Company issued 909,972 common shares with an issuance date fair value of $4.6 million to executives, directors and employees
pursuant to share award service and performance achievements. This included 171,500 RSUs granted upon election by officers of the Company
to receive warrants and RSUs in lieu of cash bonuses.
On
July 28, 2023, the Company recorded an increase of $0.2 million to stockholders’ equity for the change in fair value between the
balance sheet date of June 30, 2023 and the fair value on the date the shares were returned. These shares were pursuant to the Company
modifying its building purchase agreement to nullify a $1.5 million indemnification requirement and reclaim 128,205 shares that it had
previously issued to the Selling Stockholder (See Note 5).
During
the period, the Company filed prospectus supplements related to the offer and sale from time to time of up to 8,666,667 common shares
directly by the Company at market prices, to Tysadco Partners, LLC, a Delaware limited liability company, pursuant to the terms of written
sales agreement(s) (“Tysadco Agreement”). Pursuant to the Tysadco Agreement, the Company may offer and sell up to 8,666,667
common shares of the Company at a purchase price of 95% of the weighted-average price, with a minimum request of 33,333 shares. During
the period, the Company sold 8,209,262 common shares for total proceeds of $27.8 million, of which $2.4 million is recorded as a subscription
receivable on the condensed consolidated balance sheet at March 31, 2024.
During
the period, the Company issued 45,545 common shares pursuant to cashless exercise of 50,000 share purchase warrants exercised as of June
30, 2023. During the period, the Company received cash proceeds of $37,500 pursuant to 33,334 share purchase warrants. Also during the
period, the Company issued 39,883 common shares pursuant to cashless exercise of 66,667 share purchase warrants.
During
the period, the Company recognized stock-based compensation expense of approximately $12.3 million, which was an increase to additional
paid-in capital, a component of stockholders’ equity. Of the amount, approximately $4.4 million was recognized for officers and
directors of the Company. See Correction of Previously Issued Consolidated Financial Statements in Note 2.
Nine
months ended March 31, 2023:
During
the period, the Company issued 293,908 common shares pursuant the vesting of restricted share units issued to employees and directors
of the Company. Of the vested shares, 166,574 common shares with a fair value of approximately $1.7 million were issued to officers of
the Company.
During
the period, the Company sold 8,209,262 common shares pursuant the Share Purchase Agreement, effective April 2, 2021. The proceeds totaled
$3.6 million, all of which were received prior to March 31, 2023.
During
the period the Company issued 10,009 common shares for professional services, with a fair value of approximately $104,000.
During
the period, the Company recognized stock-based compensation expense of approximately $6.1 million, which was an increase to additional
paid-in capital, a component of stockholders’ equity. Of the amount, approximately $2.7 million was recognized for officers and
directors of the Company.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
|
X |
- References
+ Details
Name: |
us-gaap_EquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18
+ Details
Name: |
us-gaap_StockholdersEquityNoteDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Share Purchase Warrants
|
9 Months Ended |
Mar. 31, 2024 |
Share Purchase Warrants |
|
Share Purchase Warrants |
13.
Share Purchase Warrants
During
the nine months ended March 31, 2024, there were 73,217 common shares issued related to warrants exercised, of which 39,883 were issued
pursuant to a cashless exercise of 66,667 share purchase warrants. In addition, there were 249,119 warrants vested related to previously
granted stock-based compensation to officers of the Company, and 171,500 warrants granted upon election by officers of the Company to
receive warrants and RSUs in lieu of cash bonuses.
Schedule
of Share Purchase Warrants Activity
| |
Number of Warrants | | |
Weighted Average Exercise Price | |
| |
| | |
| |
Balance, June 30, 2023 | |
| 5,729,360 | | |
$ | 14.53 | |
Granted | |
| 236,271 | | |
| 3.59 | |
Exercised | |
| (100,002 | ) | |
| (1.13 | ) |
Expired | |
| (107,735 | ) | |
| (3.75 | ) |
Balance, March 31, 2024 | |
| 5,757,894 | | |
$ | 14.55 | |
Additional
information regarding share purchase warrants as of March 31, 2024, is as follows:
Schedule
of Additional Information Regarding Share Purchase Warrants
| |
Outstanding and Exercisable | |
Range of Exercise Prices | |
Number of Warrants | | |
Weighted Average Remaining Contractual Life (years) | |
| |
| | | |
| | |
$1.13 - $4.33 | |
| 919,214 | | |
| 0.33 | |
$6.53 - $13.13 | |
| 3,015,705 | | |
| 1.24 | |
$23.10 - $26.25 | |
| 1,822,975 | | |
| 0.74 | |
| |
| 5,757,894 | | |
| 2.31 | |
|
X |
- References
+ Details
Name: |
ABAT_DisclosureSharePurchaseWarrantsAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionShare Purchase Warrants [Text Block]
+ References
+ Details
Name: |
ABAT_SharePurchaseWarrantsTextBlock |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Equity Compensation Awards
|
9 Months Ended |
Mar. 31, 2024 |
Share-Based Payment Arrangement [Abstract] |
|
Equity Compensation Awards |
14.
Equity Compensation Awards
The
Company has established the 2021 Retention Plan (“the Retention Plan”) to issue shares in the effort to retain key executives,
directors, and employees. The Retention Plan allows for several different types of awards to be granted, including but not limited to,
restricted share units and restricted share awards, collectively referred to as “share awards”. Share awards generally have
the same expense characteristics under US GAAP and generally vest over a four-year period at a rate of 25% per annum.
Under
the Retention Plan, the Company is authorized to issue shares of common stock to employees and non-employees up to ten percent (10%)
of the total number of shares of common stock outstanding as of December 31, 2022, on a fully diluted basis. The Company adjusts the
authorized shares under the plan each December 31, while the Retention Plan remains in effect. During the nine months ended March 31,
2024 and 2023, the Company granted 1.8 million and 2.6 million share awards, respectively.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
14.
Equity Compensation Awards (continued)
The
table below reflects the share award activity for the period ended March 31, 2024:
Schedule
of Restricted Shares and Restricted Share Units Non-vested
| |
Units | | |
Weighted- Average Grant Date Fair Value per Unit | |
| |
| | |
| |
Unvested share awards at June 30, 2023 | |
| 1,736,376 | | |
$ | 8.35 | |
Granted | |
| 2,634,678 | | |
| 4.03 | |
Vested | |
| (1,092,155 | ) | |
| 5.54 | |
Other | |
| – | | |
| – | |
Forfeitures | |
| – | | |
$ | – | |
Unvested awards at March 31, 2024 | |
| 3,278,899 | | |
$ | 5.71 | |
As
awards are granted, stock-based compensation equivalent to the fair market value on the date of grant is expensed over the requisite
service period, using the graded vesting attribution method as acceptable under ASC 718, “Stock-Based Compensation.”
The
Company recognized stock-based compensation expense of $12.3 million and $ 6.1 million for the nine months ended March 31, 2024 and 2023,
respectively. Of these amounts, $5.0 million and $2.7 million, respectively, were related to officers and directors of the Company. For
the nine months ended March 31, 2024 and 2023, total stock-based compensation expense included $1.3 million and nil related to warrants awarded
to officers of the Company. As of March 31, 2024 and June 30, 2023, the equity compensation liability totaled $2.1 million and $0.8 million
related to warrants awarded to officers of the Company. See Correction of Previously Issued Consolidated Financial Statements
in Note 2. As of March 31, 2023 several grant performance targets for the fiscal year ended June 30, 2024 have been defined
via employee and retention agreements. These performance targets have not yet been achieved by employees and officers thus, the Company
has deferred any stock-based compensation recognition until such achievements are probable of achievement and approval by the board of
directors has occurred.
As
of March 31, 2024 and June 30, 2023, there were approximately $10.3 million and $8.7 million of unamortized expenses relating to outstanding
share awards to be recognized over a remaining weighted-average period of 3.0 years and 3.2 years, respectively.
The
table below presents the stock-based compensation expense per respective line item on the consolidated statements of operations for the
nine months ended March 31:
Schedule
of Stock-Based Compensation Expense
| |
2024 | | |
2023 | |
| |
| | |
| |
General and administrative | |
$ | 6,143,765 | | |
$ | 3,588,076 | |
Research and development | |
| 5,197,699 | | |
| 1,985,491 | |
Exploration | |
| 952,592 | | |
| 505,322 | |
Stock-based compensation
expense | |
$ | 12,294,056 | | |
$ | 6,078,889 | |
Executive
officers and selected other key employees are eligible to receive common share performance-based awards, as determined by the board of
directors. The payouts, in the form of share awards, vary based on the degree to which corporate operating objectives are met. These
performance-based awards typically include a service-based requirement, which is generally four-years.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
|
X |
- DefinitionThe entire disclosure for share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Supplemental Statement of Cash Flow Disclosures
|
9 Months Ended |
Mar. 31, 2024 |
Supplemental Cash Flow Elements [Abstract] |
|
Supplemental Statement of Cash Flow Disclosures |
15.
Supplemental Statement of Cash Flow Disclosures
For
the nine months ended March 31:
Schedule
of Statement of Cash Flow Disclosures
| |
2024 | | |
2023 | |
| |
| | |
| |
Supplemental disclosures: | |
| | | |
| | |
| |
| | | |
| | |
Interest paid | |
$ | 16,017 | | |
$ | - | |
| |
| | | |
| | |
Non-cash investing and financing activities: | |
| | | |
| | |
| |
| | | |
| | |
Current liabilities associated with investing activities | |
| 1,999,331 | | |
| 1,938,564 | |
| |
| | | |
| | |
Deposits capitalized as investing activities | |
| 27,103,351 | | |
| 150,000 | |
|
X |
- DefinitionThe entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/230/tableOfContent
+ Details
Name: |
us-gaap_CashFlowSupplementalDisclosuresTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SupplementalCashFlowElementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Commitments and Contingencies
|
9 Months Ended |
Mar. 31, 2024 |
Commitments and Contingencies Disclosure [Abstract] |
|
Commitments and Contingencies |
16.
Commitments and Contingencies
From
time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business.
Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may
harm business. Except as otherwise identified herein, management is currently not aware of any such legal proceedings or claims that
could have, individually or in aggregate, a material adverse effect on our business, financial condition, or operating results.
Operating
Leases
The
Company leases its principal office location in Reno, Nevada. It also leases lab space at the University of Nevada, Reno on short term
leases. The principal office location lease expires on November 30, 2024 and the Lab leases expire on November 30, 2024. Consistent with
the guidance in ASC 842, The Company has recorded the principal office lease in its consolidated balance sheet as an operating lease.
For further information on operating lease commitments, see Note 11 – Leases.
Financial
Assurance:
Nevada
and other states, as well as federal regulations governing mine operations on federal land, require financial assurance to be provided
for the estimated costs of mine reclamation and closure, including groundwater quality protection programs. The Company has satisfied
financial assurance requirements using a combination of cash bonds and surety bonds. The amount of financial assurance The Company is
required to provide will vary with changes in laws, regulations, reclamation and closure requirements, and cost estimates. At March 31,
2024, The Company’s financial assurance obligations associated with U.S. mine closure and reclamation/restoration cost estimate
totaled $59,646, for which the Company is legally required to satisfy its financial assurance obligations for its mining properties in
Tonopah, Nevada. The Company was previously released of all of its liability in the Railroad Valley region of Nevada.
|
X |
- References
+ Details
Name: |
us-gaap_CommitmentsAndContingenciesDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for commitments and contingencies.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 405 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/405-30/tableOfContent
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 440 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482648/440-10-50-4
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/450/tableOfContent
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 954 -SubTopic 440 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478522/954-440-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 440 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482648/440-10-50-4
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 440 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/440/tableOfContent
+ Details
Name: |
us-gaap_CommitmentsAndContingenciesDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Subsequent Events
|
9 Months Ended |
Mar. 31, 2024 |
Subsequent Events [Abstract] |
|
Subsequent Events |
17.
Subsequent Events
On
April 3, 2024, the Company entered into an ATM Sales Agreement (the “Sales Agreement”) with Virtu Americas LLC (the “Sales
Agent”), pursuant to which the Company may offer and sell, from time to time through the Sales Agent, shares (the “Shares”)
of the Company’s common stock, par value $0.001 per share (the “Common Stock”), having an aggregate offering price
of up to $50,000,000, subject to the terms and conditions of the Sales Agreement. The Company has filed a prospectus supplement to its
registration statement on Form S-3 (File No. 333-252492) offering the Shares.
On
April 24, 2024, the Company announced the completion of the “Amended Resource Estimate and Initial Assessment with Project Economics
for the Tonopah Flats Lithium Project, Esmeralda and Nye Counties, Nevada, USA” (“Amended IA”) and the publication
of the S-K 1300 Technical Report Summary (“TRS”) disclosing mineral resources, including an initial economic assessment,
for the Tonopah Flats Lithium Project. The TRS was completed by RESPEC Company LLC, a qualified person, in compliance with Item 1300
of Regulation S-K and with an effective date of April 5, 2024.
|
X |
- References
+ Details
Name: |
us-gaap_SubsequentEventsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2
+ Details
Name: |
us-gaap_SubsequentEventsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Summary of Significant Accounting Policies (Policies)
|
9 Months Ended |
Mar. 31, 2024 |
Accounting Policies [Abstract] |
|
Basis of Presentation and Principles of Consolidation |
a)
Basis of Presentation and Principles of Consolidation
The
condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted
in the United States (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year end is June 30.
These
condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Oroplata Exploraciones
E Ingenieria SRL (dissolved), LithiumOre Corporation (formerly Lithortech Resources Inc), ABMC AG, LLC (dissolved) and Aqua Metals Transfer
LLC. All inter-company accounts and transactions have been eliminated upon consolidation.
On
September 11, 2023, the Company effected a one-for-fifteen reverse-stock-split with respect to the authorized, issued, and outstanding
shares of common stock and preferred stock. All share and per-share amounts included in this Form 10-Q are presented as if the stock
split had been effective from the beginning of the earliest period presented.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
Immaterial
Correction of Previously Issued Consolidated Financial Statements
Subsequent
to the issuance of the Company’s December 31, 2023 condensed consolidated financial statements, the Company identified errors
in the application of Accounting Standards Codification (“ASC”) 710, “Compensation-General,” and ASC 718,
“Compensation-Stock Compensation,” related to expense recognition for cash and equity awards that are subject to both
service and performance conditions. ASC 710 and ASC 718 require recognition of compensation cost once achievement of the performance
condition becomes probable as the requisite service is provided. Historically, the Company did not recognize compensation cost
for certain cash and equity awards until the performance conditions in the form of milestones were achieved, and for the
Company’s common share warrant performance-based awards, no compensation cost had previously been recognized when the performance
conditions either became probable of achievement or were achieved. As the common share warrant and RSU performance-based awards to
executive officers and key employees are granted with a fixed dollar value and settled in a variable number of common share warrants
or RSUs, these awards are liability-classified and the corresponding compensation cost should be recorded to current or long-term
liabilities, depending on expected timing of settlement of the award, once the performance conditions become probable of
achievement.
The
correction of this error resulted in an increase in compensation cost of $0.9
million as of and for the fiscal year ended June
30, 2023, and an increase in compensation cost of $1.6
million and $0.6
million for the quarters ended September 30,
2023 and December 31, 2023, respectively. For the six-month period ended December 31, 2023, the errors resulted in an increase in compensation
cost of $2.2 million. As certain of these
awards are liability-classified, the correction of this error resulted in an increase of $0.3
million in accounts payable and accrued
liabilities for the current portion of the awards and an increase of $0.8
million in equity compensation liability for
the noncurrent portion of the awards as of June 30, 2023.
The
Company also identified an error in application of ASC 815, “Derivatives and Hedging,” related to the initial and subsequent
recognition of a conversion option in the Company’s convertible notes that does not qualify for equity classification. ASC 815
requires bifurcation of the conversion option with subsequent changes in the fair value of the bifurcated derivative to be recorded in
earnings. At issuance of the convertible notes, the Company should have recognized a derivative
liability and a corresponding discount on the convertible notes resulting from bifurcation of the derivative, with subsequent changes
in the fair value of the derivative liability and accretion of the discount recorded in earnings.
The
correction of this error resulted in an increase in interest and other expense of less than $0.1
million for the quarter ended September 30, 2023
and $0.3 million
for the quarter ended December 31, 2023. For the six-month period ended December 31, 2023, the error resulted in an increase in interest
and other expenses of $0.4 million.
The
Company has evaluated the effects of the corrections detailed in the tables below on the previously issued consolidated financial
statements, individually and in the aggregate, in accordance with the guidance in ASC 250, “Accounting Changes and Error
Corrections.” The Company has concluded such corrections to be immaterial to its previously issued consolidated financial
statements. While management believes the effect of the errors is immaterial to the Company’s previously issued consolidated
financial statements as of and for the year ended June 30, 2023, and the condensed consolidated financial statements as of and for
the three months ended September 30, 2023 and as of and for the three and six months ended December 31, 2023, the financial
statement line items impacted by these errors have been corrected. In addition, the immaterial error is being corrected
prospectively in the Company’s subsequent quarterly and annual filings.
The
tables below reflect the sections of the Company’s condensed consolidated financial statements that were impacted by the error.
Schedule of Consolidated Financial Statements
CONSOLIDATED BALANCE SHEET
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
Liabilities and Stockholders’ Equity |
| |
| | | |
| | | |
| | |
Current liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 7,389,864 | | |
$ | 345,000 | | |
$ | 7,734,864 | |
Total current liabilities | |
| 13,389,864 | | |
| 345,000 | | |
| 13,734,864 | |
Equity compensation liability | |
| - | | |
| 833,427 | | |
| 833,427 | |
Total liabilities | |
| 13,444,168 | | |
| 1,178,427 | | |
| 14,622,595 | |
| |
| | | |
| | | |
| | |
Stockholders’ equity | |
| | | |
| | | |
| | |
Additional paid in capital | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Accumulated deficit | |
| (159,973,575 | ) | |
| (852,933 | ) | |
| (160,826,508 | ) |
Total stockholders’ equity | |
| 61,214,484 | | |
| (1,178,427 | ) | |
| 60,036,057 | |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONSOLIDATED STATEMENT OF OPERATIONS
| |
| | |
| | |
| |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 11,960,831 | | |
$ | 887,300 | | |
$ | 12,848,131 | |
Research and development | |
| 7,703,895 | | |
| (138,160 | ) | |
| 7,565,735 | |
Exploration | |
| 1,910,548 | | |
| 103,793 | | |
| 2,014,341 | |
Total operating expenses | |
| 21,575,274 | | |
| 852,933 | | |
| 22,428,207 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (21,575,274 | ) | |
$ | (852,933 | ) | |
$ | (22,428,207 | ) |
| |
| | | |
| | | |
| | |
Net loss attributable to common stockholders | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
Net loss per share, basic and diluted | |
$ | (0.49 | ) | |
$ | (0.02 | ) | |
$ | (0.51 | ) |
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
| |
| | | |
| | | |
| | |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Stock-based compensation expense | |
$ | 9,249,462 | | |
$ | (325,494 | ) | |
$ | 8,923,968 | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Net loss for period | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
Balance, June 30, 2023 | |
| (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
| |
| | | |
| | | |
| | |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Stock-based compensation | |
| 9,249,462 | | |
| 507,933 | | |
| 9,757,395 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | (187,796 | ) | |
$ | 345,000 | | |
$ | 157,204 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (13,367,980 | ) | |
$ | - | | |
$ | (13,367,980 | ) |
CONDENSED
CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended September 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 2,948,846 | | |
$ | 105,152 | | |
$ | 3,053,998 | |
Research and development | |
| 2,155,314 | | |
| 1,458,538 | | |
| 3,613,852 | |
Exploration | |
| 1,279,782 | | |
| 70,138 | | |
| 1,349,920 | |
Total operating expenses | |
| 6,383,942 | | |
| 1,633,827 | | |
| 8,017,769 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (6,383,942 | ) | |
$ | (1,633,827 | ) | |
$ | (8,017,769 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization of financing costs | |
$ | (706,731 | ) | |
$ | (26,165 | ) | |
$ | (732,896 | ) |
Total other income (expense) | |
| (848,043 | ) | |
| (26,165 | ) | |
| (874,208 | ) |
| |
| | | |
| | | |
| | |
Net loss attributable to common stockholders | |
$ | (7,231,985 | ) | |
$ | (1,659,992 | ) | |
$ | (8,891,977 | ) |
Net loss per share, basic and diluted | |
$ | (0.16 | ) | |
$ | (0.03 | ) | |
$ | (0.19 | ) |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended September 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Stock-based compensation expense | |
| 1,921,442 | | |
| 981,396 | | |
| 2,902,838 | |
Balance, September 30, 2023 | |
$ | 226,317,285 | | |
$ | 655,903 | | |
$ | 226,973,188 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
Net loss for period | |
| (7,231,985 | ) | |
| (1,659,992 | ) | |
| (8,891,977 | ) |
Balance, September 30, 2023 | |
$ | (167,205,560 | ) | |
$ | (2,512,926 | ) | |
$ | (169,718,486 | ) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
| |
| Three months ended September 30, 2023
| |
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (7,231,985 | ) | |
$ | (1,659,992 | ) | |
$ | (8,891,977 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Accretion expense | |
$ | 256,459 | | |
$ | 26,165 | | |
$ | 282,624 | |
Stock-based compensation | |
| 1,921,442 | | |
| 1,447,827 | | |
| 3,369,269 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 228,071 | | |
$ | 186,000 | | |
$ | 414,071 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (4,758,984 | ) | |
$ | - | | |
$ | (4,758,984 | ) |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONDENSED
CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 4,310,452 | | |
$ | 106,264 | | |
$ | 4,416,716 | |
Research and development | |
| 3,148,873 | | |
| 420,294 | | |
| 3,569,167 | |
Exploration costs | |
| 771,523 | | |
| 51,902 | | |
| 823,425 | |
Total operating expenses | |
| 8,230,848 | | |
| 578,459 | | |
| 8,809,307 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (8,230,848 | ) | |
$ | (578,459 | ) | |
$ | (8,809,307 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization and accretion of financing costs | |
$ | (1,053,766 | ) | |
$ | (78,492 | ) | |
$ | (1,132,258 | ) |
Change in fair value of derivative liability | |
| - | | |
| (229,473 | ) | |
| (229,473 | ) |
Total other income (expense) | |
| (1,060,587 | ) | |
| (307,965 | ) | |
| (1,368,552 | ) |
| |
| | | |
| | | |
| | |
Net loss | |
$ | (9,291,435 | ) | |
$ | (886,424 | ) | |
$ | (10,177,859 | ) |
Net loss per share, basic and diluted | |
$ | (0.19 | ) | |
$ | (0.02 | ) | |
$ | (0.21 | ) |
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 7,259,298 | | |
$ | 211,415 | | |
$ | 7,470,713 | |
Research and development | |
| 5,304,187 | | |
| 1,878,831 | | |
| 7,183,018 | |
Exploration costs | |
| 2,051,305 | | |
| 122,040 | | |
| 2,173,345 | |
Total operating expenses | |
| 14,614,790 | | |
| 2,212,286 | | |
| 16,827,076 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (14,614,790 | ) | |
$ | (2,212,286 | ) | |
$ | (16,827,076 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization and accretion of financing costs | |
$ | (1,760,497 | ) | |
$ | (104,657 | ) | |
$ | (1,865,154 | ) |
Change in fair value of derivative liability | |
| - | | |
| (229,473 | ) | |
| (229,473 | ) |
Total other income (expense) | |
| (1,908,630 | ) | |
| (334,130 | ) | |
| (2,242,760 | ) |
| |
| | | |
| | | |
| | |
Net loss | |
$ | (16,523,420 | ) | |
$ | (2,546,416 | ) | |
$ | (19,069,836 | ) |
Net loss per share, basic and diluted | |
$ | (0.35 | ) | |
$ | (0.05 | ) | |
$ | (0.40 | ) |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONDENSED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
| |
Three months ended December 31, 2023 | |
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, September 30, 2023 | |
$ | 226,317,285 | | |
$ | 655,903 | | |
$ | 226,973,188 | |
Stock-based compensation expense | |
| 3,836,466 | | |
| 146,877 | | |
| 3,983,343 | |
Balance, December 31, 2023 | |
$ | 243,020,935 | | |
$ | 802,779 | | |
$ | 243,823,714 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, September 30, 2023 | |
$ | (167,205,560 | ) | |
$ | (2,512,926 | ) | |
$ | (169,718,486 | |
Net loss for period | |
| (9,291,435 | ) | |
| (886,424 | ) | |
| (10,177,859 | ) |
Balance, December 31, 2023 | |
$ | (176,496,995 | ) | |
$ | (3,399,350 | ) | |
$ | (179,896,345 | ) |
CONDENSED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Stockholders’ Equity | |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Stock-based compensation expense | |
| 5,757,908 | | |
| 1,128,273 | | |
| 6,886,181 | |
Balance, December 31, 2023 | |
$ | 243,020,935 | | |
$ | 802,779 | | |
$ | 243,823,714 | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
Net loss for period | |
| (16,523,420 | ) | |
| (2,546,416 | ) | |
| (19,069,836 | ) |
Balance, December 31, 2023 | |
$ | (176,496,995 | ) | |
$ | (3,399,350 | ) | |
$ | (179,896,345 | ) |
CONDENSED CONSOLIDATED STATEMENTS
OF CASH FLOWS
| |
| | |
| | |
| |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (16,523,420 | ) | |
$ | (2,546,416 | ) | |
$ | (19,069,836 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Accretion of financing costs | |
$ | 1,760,497 | | |
$ | 104,657 | | |
$ | 1,865,154 | |
Stock-based compensation | |
| 5,757,908 | | |
| 1,933,603 | | |
| 7,691,511 | |
Shares issued for professional services | |
| (132) | | |
| (316 | ) | |
| (448 | ) |
Change in fair value of derivative liability | |
| - | | |
| 229,473 | | |
| 229,473 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 2,223,865 | | |
$ | 279,000 | | |
$ | 2,502,865 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (7,418,700 | ) | |
$ | - | | |
$ | (7,418,700 | ) |
|
Use of Estimates |
b)
Use of Estimates
The
preparation of these consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reporting periods. The Company regularly evaluates estimates
and assumptions related to the fair value of stock-based compensation, valuation and recoverability of long-lived assets and intangible
assets subject to impairment testing, and deferred income tax asset valuation allowances.
The
Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be
reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and
liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by
the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between
the estimates and the actual results, future results of operations may be affected.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
2.
Summary of Significant Accounting Policies (continued)
|
Long-Lived Assets |
c)
Long-Lived Assets
Long-lived
assets, such as property and equipment, mineral properties, and purchased intangibles, are evaluated for impairment whenever events or
changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with ASC 360, “Property,
Plant, and Equipment.” Circumstances which could trigger a review include, but are not limited to: significant decreases in the
market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly
in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses
combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that
the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. The Company’s
long-lived assets consist of buildings, vehicles, equipment, and land. Buildings, vehicles, and equipment are depreciated on a straight-line
basis over their estimated value lives ranging between three and thirty years.
The
recoverability of assets is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected
to be generated by an asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized
as the amount by which the carrying amount exceeds the estimated fair value of the asset. Any impairment in value is recognized as an
expense in the period when the impairment occurs. No impairment charges were recorded in the three or nine months ended March 31, 2024.
Expenses
for major repairs and maintenance which extend the useful lives of property and equipment are capitalized. All other maintenance expenses,
including planned major maintenance activities, are expensed as incurred. Gains or losses from property disposals are included in income
or loss from operations.
|
Mining Properties |
d)
Mining Properties
Costs
of lease, exploration, carrying and retaining unproven mineral properties are expensed as incurred. The Company expenses all mineral
exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its
investigation of its properties and upon development of a plan for operating a mine, it will enter the development stage and capitalize
future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized
on a units-of-production basis over the proven and probable reserves following the commencement of production. Interest expense allocable
to the cost of developing mining properties and to construct new facilities is capitalized until assets are ready for their intended
use.
To
date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being
expensed.
ASC
930-805, “Extractive Activities-Mining: Business Combinations,” states that mineral rights consist of the legal right to
explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights which are
considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition
date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs
associated with acquiring patented and unpatented mining claims.
|
Intangible Assets |
e)
Intangible Assets
Intangible
assets consist of water rights that have indefinite useful lives are tested annually for impairment, or more frequently if events and
circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount of the
asset group exceeds its fair value. Annually, or when there is a triggering event, the Company first performs a qualitative assessment
by evaluating all relevant events and circumstances to determine if it is more likely than not that the indefinite-lived intangible assets
are impaired; this includes considering any potential effect on significant inputs to determining the fair value of the indefinite-lived
intangible assets. When it is more likely than not that an indefinite-lived intangible asset is impaired, then the Company calculates
the fair value of the intangible asset and performs a quantitative impairment test. No impairment charges were recorded in the three
or nine months ended March 31, 2024.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
2.
Summary of Significant Accounting Policies (continued)
|
Loss per Share |
f)
Loss per Share
The
Company computes net income (loss) per share in accordance with ASC 260, “Earnings per Share.” ASC 260 requires presentation
of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing
net income (loss) attributable to common stockholders (numerator) by the weighted average number of shares outstanding (denominator)
during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury
stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the
period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants and awards. At
March 31, 2024, the Company had 10,581,138 potentially dilutive shares outstanding, consisting of 1,355,853 from convertible notes, 5,757,894
from warrants and 3,467,391 from share awards outstanding. As the Company has reported losses for all periods presented, all potentially
dilutive securities are anti-dilutive, and accordingly, basic net loss per share equaled diluted net loss per share.
|
Stock-based Compensation |
g)
Stock-based Compensation
The
Company records stock-based compensation in accordance with ASC 718, “Stock Compensation,” using the fair value method. All
transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based
on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the
fair value of the equity instruments issued. The Company utilizes the Black Scholes method when calculating stock-based compensation
expense relating to stock option awards and warrants.
The
Company records the stock-based compensation expense attributed to share awards in accordance with US GAAP using the graded-vesting method.
The Company amortizes the grant date fair value over the respective vesting period, beginning with recognition on the date of grant.
Compensation in the form of warrants is limited to executives, and recorded as a liability until the warrant is exercised or expires.
Executives may also receive compensation in the form of RSUs that are recorded as a liability until the award is settled in shares of
common stock. The liability classification of these awards is based on the total value of the award granted at a fixed value but settled
in a variable number of warrants or RSUs until the milestones are achieved and the warrants or RSUs are issued.
|
Exploration Costs |
h)
Exploration Costs
Mineral
property acquisition costs are capitalized as incurred. Exploration and evaluation costs are expensed as incurred until proven and probable
reserves are established. The Company assesses the carrying costs for impairment under ASC 360, “Property, Plant, and Equipment,”
at each period end. When it has been determined that a mineral property can be economically developed as a result of establishing proven
and probable reserves, the costs then incurred to develop such property are capitalized on a prospective basis. Such costs will be amortized
using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned
or impaired, any capitalized costs will be charged to operations. As of March 31, 2024 and 2023, the Company has not capitalized any
such mineral property costs.
|
Research and Development Costs |
i)
Research and Development Costs
Research
and development (“R&D”) costs are accounted for in accordance with ASC 730, “Research and Development.” ASC
730-10-25 requires that all R&D costs be recognized as an expense as incurred. However, some costs associated with R&D activities
that have an alternative future use (e.g., materials, equipment, facilities) may be capitalizable.
The
Company has been awarded federal grant awards for specific R&D programs. Under Accounting Standards Update (“ASU”) No.
2021-10 “Government Assistance,” the Company recognizes invoiced government funds as an offset to R&D costs in the period
the qualifying costs are incurred. As the federal grants receivable are not deemed to have any significant realization risk, the Company
believes this best reflects the expected net expenditures associated with these programs.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
2.
Summary of Significant Accounting Policies (continued)
|
Leases |
j)
Leases
The
Company follows the guidance of ASC 842, “Leases,” which requires an entity to recognize a right-of-use (“ROU”)
asset and a lease liability for virtually all leases. Operating lease ROU assets and liabilities are recognized at commencement date
based on the present value of lease payments over the lease term. ROU assets represent the Company’s right to use an underlying
asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease.
The Company determines the present value of lease payments utilizing its incremental borrowing rate, as the implicit rate of interest
in the respective leases is not readily determinable. The Company’s incremental borrowing rate is a hypothetical rate based on
its understanding of what its credit rating would be.
The
Company has elected not to recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less.
The Company recognizes the lease payments associated with its short-term office space leases as an expense on a straight-line basis over
the lease term. Variable lease payments associated with these leases are recognized and presented in the same manner as for all other
Company leases.
|
Income Taxes |
k)
Income Taxes
The
Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes.” The asset
and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary
differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards.
Deferred
tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are
expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely
than not to be realized.
Any
uncertain tax position liabilities have been applied against the deferred tax balance given that there is a sufficient net operating
loss to cover any penalties and fees associated with the uncertain tax position. The Company assesses each of its identified uncertain
positions and determines whether any potential penalties and interest liability should be accrued at the balance sheet dates.
Due
to the Company’s cumulative loss position since inception, the likelihood of deferred tax assets being realized does not meet the
more likely than not assessment guidelines. Accordingly, a valuation allowance equal to the deferred tax asset has been recorded at March
31, 2024 and June 30, 2023.
|
Accounting Pronouncements |
l)
Accounting Pronouncements
In
November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.”
The amendment in this update expands segment disclosures by requiring disclosures about significant segment expenses that are regularly
provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description
of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. This update
is effective for our annual report for fiscal year 2025, for interim period reporting beginning in fiscal year 2026, with early adoption
permitted, and will be applied retrospectively to all prior periods presented in the financial statements. We are currently evaluating
the timing of adoption and the impact of this ASU on our Consolidated Financial Statements and related disclosures.
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
In
December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvement to Income Tax Disclosures.” The amendments
further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income
taxes paid by jurisdiction. This ASU is effective for our annual report for fiscal year 2026, with early adoption permitted, and should
be applied either prospectively or retrospectively. We are currently evaluating the timing of adoption and impact of this ASU on our
Consolidated Financial Statements and related disclosures.
|
Derivative Financial Instruments |
m)
Derivative Financial Instruments
The
Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded
derivatives in accordance with ASC 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted
for as liabilities, the derivative instrument is initially recorded at its fair value on the issuance date and is then re-valued at each
reporting date, with changes in the fair value reported in earnings in the condensed consolidated statements of operations.
|
Convertible Notes |
n)
Convertible Notes
The
Company evaluates all conversion, repurchase and redemption features contained in a debt instrument to determine if there are any embedded
features that require bifurcation as a derivative. The Company accounts for its convertible notes as a long-term liability, with the
current portion reclassified to a short-term liability, equal to the proceeds received from issuance, including any embedded conversion
features, net of the unamortized debt discount and offering costs in the accompanying unaudited condensed consolidated balance sheets.
The debt discount, debt issuance and offering costs are amortized over the term of the convertible notes, using the effective interest
method, as interest expense in the accompanying unaudited condensed consolidated statements of operations.
|
Inventory |
o)
Inventory
Inventory
is stated at the lower of cost or market (net realizable value). The Company performs an assessment of the recoverability of capitalized
inventory during each reporting period and writes down any excess and obsolete inventories to their net realizable value in the period
in which the impairment is first identified.
|
Cash and Cash Equivalents |
p)
Cash and Cash Equivalents
The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company did not have any cash equivalents as of March 31, 2024 and June 30, 2023.
|
Fair Value of Financial Instruments |
q)
Fair Value of Financial Instruments
The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under the ASC 820, “Fair Value
Measurements,” equals or approximates the carrying amounts represented in the condensed consolidated balance sheets.
|
Other Current Assets |
r)
Other Current Assets
Other
Current Assets are comprised of payroll tax credits related to research and development activities per IRS form 6765.
|
Accrued Claims and Contingencies |
s)
Accrued Claims and Contingencies
The
Company is subject to various claims and contingencies related to lawsuits. A liability is recorded for claims, legal costs or other
contingencies when the risk of loss is probable and reasonable estimable. The required reserves may change due to new developments in
each period.
|
X |
- DefinitionAccrued Claims and Contingencies [Policy Text Block]
+ References
+ Details
Name: |
ABAT_AccruedClaimsAndContingenciesPolicyTextBlock |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMining Properties Costs [Policy Text Block]
+ References
+ Details
Name: |
ABAT_MiningPropertiesCostsPolicyTextBlock |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionOther Current Assets [Policy Text Block]
+ References
+ Details
Name: |
ABAT_OtherCurrentAssetsPolicyTextBlock |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
+ References
+ Details
Name: |
us-gaap_BasisOfAccountingPolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-1
+ Details
Name: |
us-gaap_CashAndCashEquivalentsPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy related to debt. Includes, but is not limited to, debt issuance costs, the effects of refinancings, method of amortizing debt issuance costs and original issue discount, and classifications of debt.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1
+ Details
Name: |
us-gaap_DebtPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for its derivative instruments and hedging activities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(n)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-7
+ Details
Name: |
us-gaap_DerivativesPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2
+ Details
Name: |
us-gaap_EarningsPerSharePolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for exploitation costs.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 720 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478441/926-720-50-1
+ Details
Name: |
us-gaap_ExploitationCostsPolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for determining the fair value of financial instruments.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-1
+ Details
Name: |
us-gaap_FairValueOfFinancialInstrumentsPolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for intangible assets. This accounting policy may address both intangible assets subject to amortization and those that are not. The following also may be disclosed: (1) a description of intangible assets (2) the estimated useful lives of those assets (3) the amortization method used (4) how the entity assesses and measures impairment of such assets (5) how future cash flows are estimated (6) how the fair values of such asset are determined.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-5
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3
+ Details
Name: |
us-gaap_GoodwillAndIntangibleAssetsIntangibleAssetsPolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-20
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-19
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482525/740-10-45-25
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(h)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-17
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482525/740-10-45-28
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-1
+ Details
Name: |
us-gaap_IncomeTaxPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for finite-lived intangible assets. This accounting policy also might address: (1) the amortization method used; (2) the useful lives of such assets; and (3) how the entity assesses and measures impairment of such assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483426/235-10-50-4
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483154/926-20-50-5
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 920 -SubTopic 350 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478609/920-350-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 920 -SubTopic 350 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478609/920-350-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 920 -SubTopic 350 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478609/920-350-50-4
+ Details
Name: |
us-gaap_IntangibleAssetsFiniteLivedPolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483080/330-10-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483489/210-10-50-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483426/235-10-50-4
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 912 -SubTopic 330 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478411/912-330-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483080/330-10-50-4
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 45 -Paragraph 6 -Subparagraph (a) -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482989/270-10-45-6
+ Details
Name: |
us-gaap_InventoryPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for leasing arrangement entered into by lessee.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-1
+ Details
Name: |
us-gaap_LesseeLeasesPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
+ Details
Name: |
us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for costs it has incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 730 -SubTopic 10 -Name Accounting Standards Codification -Section 05 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483044/730-10-05-1
+ Details
Name: |
us-gaap_ResearchAndDevelopmentExpensePolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for award under share-based payment arrangement. Includes, but is not limited to, methodology and assumption used in measuring cost.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(v) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.C.Q3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.D.1.Q5) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.D.3.Q2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.D.2.Q6) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-9
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-4
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -SubTopic 10 -Topic 275 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -SubTopic 10 -Topic 275 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 11 -SubTopic 10 -Topic 275 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-11
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 12 -SubTopic 10 -Topic 275 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-12
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-8
+ Details
Name: |
us-gaap_UseOfEstimates |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
Mar. 31, 2024 |
Accounting Policies [Abstract] |
|
Schedule of Consolidated Financial Statements |
The
tables below reflect the sections of the Company’s condensed consolidated financial statements that were impacted by the error.
Schedule of Consolidated Financial Statements
CONSOLIDATED BALANCE SHEET
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
Liabilities and Stockholders’ Equity |
| |
| | | |
| | | |
| | |
Current liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 7,389,864 | | |
$ | 345,000 | | |
$ | 7,734,864 | |
Total current liabilities | |
| 13,389,864 | | |
| 345,000 | | |
| 13,734,864 | |
Equity compensation liability | |
| - | | |
| 833,427 | | |
| 833,427 | |
Total liabilities | |
| 13,444,168 | | |
| 1,178,427 | | |
| 14,622,595 | |
| |
| | | |
| | | |
| | |
Stockholders’ equity | |
| | | |
| | | |
| | |
Additional paid in capital | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Accumulated deficit | |
| (159,973,575 | ) | |
| (852,933 | ) | |
| (160,826,508 | ) |
Total stockholders’ equity | |
| 61,214,484 | | |
| (1,178,427 | ) | |
| 60,036,057 | |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONSOLIDATED STATEMENT OF OPERATIONS
| |
| | |
| | |
| |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 11,960,831 | | |
$ | 887,300 | | |
$ | 12,848,131 | |
Research and development | |
| 7,703,895 | | |
| (138,160 | ) | |
| 7,565,735 | |
Exploration | |
| 1,910,548 | | |
| 103,793 | | |
| 2,014,341 | |
Total operating expenses | |
| 21,575,274 | | |
| 852,933 | | |
| 22,428,207 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (21,575,274 | ) | |
$ | (852,933 | ) | |
$ | (22,428,207 | ) |
| |
| | | |
| | | |
| | |
Net loss attributable to common stockholders | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
Net loss per share, basic and diluted | |
$ | (0.49 | ) | |
$ | (0.02 | ) | |
$ | (0.51 | ) |
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
| |
| | | |
| | | |
| | |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Stock-based compensation expense | |
$ | 9,249,462 | | |
$ | (325,494 | ) | |
$ | 8,923,968 | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Net loss for period | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
Balance, June 30, 2023 | |
| (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Fiscal year ended June 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (21,338,207 | ) | |
$ | (852,933 | ) | |
$ | (22,191,140 | ) |
| |
| | | |
| | | |
| | |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Stock-based compensation | |
| 9,249,462 | | |
| 507,933 | | |
| 9,757,395 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | (187,796 | ) | |
$ | 345,000 | | |
$ | 157,204 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (13,367,980 | ) | |
$ | - | | |
$ | (13,367,980 | ) |
CONDENSED
CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended September 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 2,948,846 | | |
$ | 105,152 | | |
$ | 3,053,998 | |
Research and development | |
| 2,155,314 | | |
| 1,458,538 | | |
| 3,613,852 | |
Exploration | |
| 1,279,782 | | |
| 70,138 | | |
| 1,349,920 | |
Total operating expenses | |
| 6,383,942 | | |
| 1,633,827 | | |
| 8,017,769 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (6,383,942 | ) | |
$ | (1,633,827 | ) | |
$ | (8,017,769 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization of financing costs | |
$ | (706,731 | ) | |
$ | (26,165 | ) | |
$ | (732,896 | ) |
Total other income (expense) | |
| (848,043 | ) | |
| (26,165 | ) | |
| (874,208 | ) |
| |
| | | |
| | | |
| | |
Net loss attributable to common stockholders | |
$ | (7,231,985 | ) | |
$ | (1,659,992 | ) | |
$ | (8,891,977 | ) |
Net loss per share, basic and diluted | |
$ | (0.16 | ) | |
$ | (0.03 | ) | |
$ | (0.19 | ) |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended September 30, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Stock-based compensation expense | |
| 1,921,442 | | |
| 981,396 | | |
| 2,902,838 | |
Balance, September 30, 2023 | |
$ | 226,317,285 | | |
$ | 655,903 | | |
$ | 226,973,188 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
Net loss for period | |
| (7,231,985 | ) | |
| (1,659,992 | ) | |
| (8,891,977 | ) |
Balance, September 30, 2023 | |
$ | (167,205,560 | ) | |
$ | (2,512,926 | ) | |
$ | (169,718,486 | ) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
| |
| Three months ended September 30, 2023
| |
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (7,231,985 | ) | |
$ | (1,659,992 | ) | |
$ | (8,891,977 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Accretion expense | |
$ | 256,459 | | |
$ | 26,165 | | |
$ | 282,624 | |
Stock-based compensation | |
| 1,921,442 | | |
| 1,447,827 | | |
| 3,369,269 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 228,071 | | |
$ | 186,000 | | |
$ | 414,071 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (4,758,984 | ) | |
$ | - | | |
$ | (4,758,984 | ) |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONDENSED
CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Three months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 4,310,452 | | |
$ | 106,264 | | |
$ | 4,416,716 | |
Research and development | |
| 3,148,873 | | |
| 420,294 | | |
| 3,569,167 | |
Exploration costs | |
| 771,523 | | |
| 51,902 | | |
| 823,425 | |
Total operating expenses | |
| 8,230,848 | | |
| 578,459 | | |
| 8,809,307 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (8,230,848 | ) | |
$ | (578,459 | ) | |
$ | (8,809,307 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization and accretion of financing costs | |
$ | (1,053,766 | ) | |
$ | (78,492 | ) | |
$ | (1,132,258 | ) |
Change in fair value of derivative liability | |
| - | | |
| (229,473 | ) | |
| (229,473 | ) |
Total other income (expense) | |
| (1,060,587 | ) | |
| (307,965 | ) | |
| (1,368,552 | ) |
| |
| | | |
| | | |
| | |
Net loss | |
$ | (9,291,435 | ) | |
$ | (886,424 | ) | |
$ | (10,177,859 | ) |
Net loss per share, basic and diluted | |
$ | (0.19 | ) | |
$ | (0.02 | ) | |
$ | (0.21 | ) |
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating expenses | |
| | | |
| | | |
| | |
General and administrative | |
$ | 7,259,298 | | |
$ | 211,415 | | |
$ | 7,470,713 | |
Research and development | |
| 5,304,187 | | |
| 1,878,831 | | |
| 7,183,018 | |
Exploration costs | |
| 2,051,305 | | |
| 122,040 | | |
| 2,173,345 | |
Total operating expenses | |
| 14,614,790 | | |
| 2,212,286 | | |
| 16,827,076 | |
| |
| | | |
| | | |
| | |
Net loss before other income (expense) | |
$ | (14,614,790 | ) | |
$ | (2,212,286 | ) | |
$ | (16,827,076 | ) |
| |
| | | |
| | | |
| | |
Other income (expense) | |
| | | |
| | | |
| | |
Amortization and accretion of financing costs | |
$ | (1,760,497 | ) | |
$ | (104,657 | ) | |
$ | (1,865,154 | ) |
Change in fair value of derivative liability | |
| - | | |
| (229,473 | ) | |
| (229,473 | ) |
Total other income (expense) | |
| (1,908,630 | ) | |
| (334,130 | ) | |
| (2,242,760 | ) |
| |
| | | |
| | | |
| | |
Net loss | |
$ | (16,523,420 | ) | |
$ | (2,546,416 | ) | |
$ | (19,069,836 | ) |
Net loss per share, basic and diluted | |
$ | (0.35 | ) | |
$ | (0.05 | ) | |
$ | (0.40 | ) |
AMERICAN
BATTERY TECHNOLOGY COMPANY
Notes
to the Condensed Consolidated Financial Statements
For
the period ended March 31, 2024
(unaudited)
CONDENSED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
| |
Three months ended December 31, 2023 | |
| |
| As Reported | | |
| Adjustments | | |
| As Corrected | |
Stockholders’ Equity | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, September 30, 2023 | |
$ | 226,317,285 | | |
$ | 655,903 | | |
$ | 226,973,188 | |
Stock-based compensation expense | |
| 3,836,466 | | |
| 146,877 | | |
| 3,983,343 | |
Balance, December 31, 2023 | |
$ | 243,020,935 | | |
$ | 802,779 | | |
$ | 243,823,714 | |
| |
| | | |
| | | |
| | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, September 30, 2023 | |
$ | (167,205,560 | ) | |
$ | (2,512,926 | ) | |
$ | (169,718,486 | |
Net loss for period | |
| (9,291,435 | ) | |
| (886,424 | ) | |
| (10,177,859 | ) |
Balance, December 31, 2023 | |
$ | (176,496,995 | ) | |
$ | (3,399,350 | ) | |
$ | (179,896,345 | ) |
CONDENSED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Stockholders’ Equity | |
| | | |
| | | |
| | |
Additional Paid-In Capital: | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 222,626,865 | | |
$ | (325,494 | ) | |
$ | 222,301,371 | |
Stock-based compensation expense | |
| 5,757,908 | | |
| 1,128,273 | | |
| 6,886,181 | |
Balance, December 31, 2023 | |
$ | 243,020,935 | | |
$ | 802,779 | | |
$ | 243,823,714 | |
Accumulated Deficit | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | (159,973,575 | ) | |
$ | (852,933 | ) | |
$ | (160,826,508 | ) |
Net loss for period | |
| (16,523,420 | ) | |
| (2,546,416 | ) | |
| (19,069,836 | ) |
Balance, December 31, 2023 | |
$ | (176,496,995 | ) | |
$ | (3,399,350 | ) | |
$ | (179,896,345 | ) |
CONDENSED CONSOLIDATED STATEMENTS
OF CASH FLOWS
| |
| | |
| | |
| |
| |
Six months ended December 31, 2023 | |
| |
As Reported | | |
Adjustments | | |
As Corrected | |
| |
| | |
| | |
| |
Operating Activities | |
| | | |
| | | |
| | |
Net loss attributable to stockholders | |
$ | (16,523,420 | ) | |
$ | (2,546,416 | ) | |
$ | (19,069,836 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | |
Accretion of financing costs | |
$ | 1,760,497 | | |
$ | 104,657 | | |
$ | 1,865,154 | |
Stock-based compensation | |
| 5,757,908 | | |
| 1,933,603 | | |
| 7,691,511 | |
Shares issued for professional services | |
| (132) | | |
| (316 | ) | |
| (448 | ) |
Change in fair value of derivative liability | |
| - | | |
| 229,473 | | |
| 229,473 | |
Changes in operating assets and liabilities: | |
| | | |
| | | |
| | |
Accounts payable and accrued liabilities | |
$ | 2,223,865 | | |
$ | 279,000 | | |
$ | 2,502,865 | |
| |
| | | |
| | | |
| | |
Net Cash Used in Operating Activities | |
$ | (7,418,700 | ) | |
$ | - | | |
$ | (7,418,700 | ) |
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
+ Details
Name: |
us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
X |
- References
+ Details
Name: |
us-gaap_InventoryDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483489/210-10-50-1
+ Details
Name: |
us-gaap_ScheduleOfInventoryCurrentTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Property, Plant and Equipment (Tables)
|
9 Months Ended |
Mar. 31, 2024 |
Property, Plant and Equipment [Abstract] |
|
Schedule of Property and Equipment |
The
table below presents the property, plant and equipment as of March 31, 2024 and June 30, 2023:
Schedule of Property and Equipment
| |
Land | | |
Building | | |
Equipment | | |
Total | |
Cost: | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 6,728,838 | | |
$ | 17,508,486 | | |
$ | 5,870,496 | | |
$ | 30,107,820 | |
Additions | |
| 4,126,833 | | |
| 22,406,792 | | |
| 9,213,570 | | |
| 35,747,196 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, March 31, 2024 | |
$ | 10,855,671 | | |
$ | 39,915,278 | | |
$ | 15,084,066 | | |
$ | 65,855,016 | |
| |
| | | |
| | | |
| | | |
| | |
Accumulated Depreciation: | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | - | | |
$ | - | | |
$ | 161,721 | | |
$ | 161,721 | |
Additions | |
| | | |
| | | |
| 106,644 | | |
| 106,644 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, March 31, 2024 | |
$ | - | | |
$ | - | | |
$ | 268,365 | | |
$ | 268,365 | |
| |
| | | |
| | | |
| | | |
| | |
Carrying Amounts: | |
| | | |
| | | |
| | | |
| | |
Balance, June 30, 2023 | |
$ | 6,728,838 | | |
$ | 17,508,486 | | |
$ | 5,708,775 | | |
$ | 29,946,099 | |
Balance, March 31, 2024 | |
$ | 10,855,671 | | |
$ | 39,915,278 | | |
$ | 14,815,702 | | |
$ | 65,586,651 | |
|
X |
- References
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
X |
- References
+ Details
Name: |
us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
+ Details
Name: |
us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Accounts Payable and Accrued Liabilities (Tables)
|
9 Months Ended |
Mar. 31, 2024 |
Payables and Accruals [Abstract] |
|
Schedule of Accounts Payable and Accrued Liabilities |
The
table below presents total accounts payable and accrued liabilities at:
Schedule of Accounts Payable and Accrued Liabilities
| |
March 31, 2024 | | |
June 30, 2023 | |
Trade payables | |
$ | 2,949,290 | | |
$ | 1,831,686 | |
Accrued fixed assets | |
| 1,999,331 | | |
| 4,404,034 | |
Accrued expenses | |
| 1,226,040 | | |
| 1,377,660 | |
Right-of-use liability, current | |
| 86,030 | | |
| 121,484 | |
Total accounts payable and accrued liabilities | |
$ | 6,260,691 | | |
$ | 7,734,864 | |
|
X |
- References
+ Details
Name: |
us-gaap_PayablesAndAccrualsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.
+ References
+ Details
Name: |
us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Notes Payable (Tables)
|
9 Months Ended |
Mar. 31, 2024 |
Debt Disclosure [Abstract] |
|
Schedule of Net Carrying Amounts of the Notes |
The
table below presents the net carrying amounts of the Notes as of:
Schedule of Net Carrying Amounts of the Notes
| |
March 31, 2024 | | |
June 30, 2023 | |
Principal outstanding | |
$ | 12,483,333 | | |
$ | - | |
Unamortized debt discount and issuance costs | |
| (2,520,864 | ) | |
| - | |
Derivative liability associated with convertible notes | |
| 366,298 | | |
| - | |
Changes in fair market value of derivative liability | |
| 419,739 | | |
| - | |
Net carrying value | |
$ | 10,748,506 | | |
$ | - | |
|
Schedule of Maturities of Notes Payable |
The
table below presents the maturities of notes payable as of March 31, 2024:
Schedule of Maturities of Notes Payable
| |
| |
March 31, 2025 | |
$ | 12,483,333 | |
March 31, 2026 | |
| - | |
Total note payments | |
| 12,483,333 | |
Less: unamortized debt discount and issuance costs | |
| (2,520,864 | ) |
Derivative liability, at fair value, less amortization | |
| 786,037 | |
Total notes payable | |
$ | 10,748,506 | |
| |
| | |
Notes payable, current | |
$ | 10,748,506 | |
Notes payable, non-current | |
$ | - | |
|
X |
- References
+ Details
Name: |
us-gaap_DebtDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.
+ References
+ Details
Name: |
us-gaap_ScheduleOfDebtTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of maturity and sinking fund requirement for long-term debt.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1
+ Details
Name: |
us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Leases (Tables)
|
9 Months Ended |
Mar. 31, 2024 |
Leases |
|
Schedule of Operating Lease ROU Assets and Lease Liabilities |
Schedule
of Operating Lease ROU Assets and Lease Liabilities
| |
March 31, 2024 | | |
June 30, 2023 | |
Operating lease right-of-use asset | |
$ | 67,366 | | |
$ | 143,154 | |
Operating lease liabilities | |
$ | 86,030 | | |
$ | 175,788 | |
|
Schedule of Maturity of Operating Lease Liabilities |
The
table below presents the maturities of operating lease liabilities as of March 31, 2024:
Schedule
of Maturity of Operating Lease Liabilities
| |
| | |
March 31, 2025 | |
$ | 88,632 | |
March 31, 2026 | |
| - | |
Total lease payments | |
| 88,632 | |
Less: discount | |
| (2,601 | ) |
| |
| | |
Total operating lease liabilities | |
$ | 86,030 | |
| |
| | |
Operating lease liabilities, current | |
$ | 86,030 | |
Operating lease liabilities, non-current | |
$ | - | |
|
Schedule of Weighted Average Remaining Lease Term for Operating Leases and Weighted Average Discount Rate |
The
table below presents the weighted average remaining lease term for operating leases and weighted average discount rate used in calculating
operating lease right-of-use asset as of March 31, 2024.
Schedule
of Weighted Average Remaining Lease Term for Operating Leases and Weighted Average Discount Rate
Weighted average lease term (years) | |
| 0.67 | |
Weighted average discount rate | |
| 8.00 | % |
|
X |
- References
+ Details
Name: |
ABAT_DisclosureLeasesAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSchedule Of Operating Lease ROU Assets And Lease Liabilities [Table Text Block]
+ References
+ Details
Name: |
ABAT_ScheduleOfOperatingLeaseROUAssetsAndLeaseLiabilitiesTableTextBlock |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSchedule Of Weighted Average Remaining Lease Term [Table Text Block]
+ References
+ Details
Name: |
ABAT_ScheduleOfWeightedAverageRemainingLeaseTermTableTextBlock |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Share Purchase Warrants (Tables)
|
9 Months Ended |
Mar. 31, 2024 |
Share Purchase Warrants |
|
Schedule of Share Purchase Warrants Activity |
Schedule
of Share Purchase Warrants Activity
| |
Number of Warrants | | |
Weighted Average Exercise Price | |
| |
| | |
| |
Balance, June 30, 2023 | |
| 5,729,360 | | |
$ | 14.53 | |
Granted | |
| 236,271 | | |
| 3.59 | |
Exercised | |
| (100,002 | ) | |
| (1.13 | ) |
Expired | |
| (107,735 | ) | |
| (3.75 | ) |
Balance, March 31, 2024 | |
| 5,757,894 | | |
$ | 14.55 | |
|
Schedule of Additional Information Regarding Share Purchase Warrants |
Additional
information regarding share purchase warrants as of March 31, 2024, is as follows:
Schedule
of Additional Information Regarding Share Purchase Warrants
| |
Outstanding and Exercisable | |
Range of Exercise Prices | |
Number of Warrants | | |
Weighted Average Remaining Contractual Life (years) | |
| |
| | | |
| | |
$1.13 - $4.33 | |
| 919,214 | | |
| 0.33 | |
$6.53 - $13.13 | |
| 3,015,705 | | |
| 1.24 | |
$23.10 - $26.25 | |
| 1,822,975 | | |
| 0.74 | |
| |
| 5,757,894 | | |
| 2.31 | |
|
X |
- References
+ Details
Name: |
ABAT_DisclosureSharePurchaseWarrantsAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSchedule Of Additional Information Regarding Share Purchase Warrants [Table Text Block]
+ References
+ Details
Name: |
ABAT_ScheduleOfAdditionalInformationRegardingSharePurchaseWarrantsTableTextBlock |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1
+ Details
Name: |
us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Equity Compensation Awards (Tables)
|
9 Months Ended |
Mar. 31, 2024 |
Share-Based Payment Arrangement [Abstract] |
|
Schedule of Restricted Shares and Restricted Share Units Non-vested |
The
table below reflects the share award activity for the period ended March 31, 2024:
Schedule
of Restricted Shares and Restricted Share Units Non-vested
| |
Units | | |
Weighted- Average Grant Date Fair Value per Unit | |
| |
| | |
| |
Unvested share awards at June 30, 2023 | |
| 1,736,376 | | |
$ | 8.35 | |
Granted | |
| 2,634,678 | | |
| 4.03 | |
Vested | |
| (1,092,155 | ) | |
| 5.54 | |
Other | |
| – | | |
| – | |
Forfeitures | |
| – | | |
$ | – | |
Unvested awards at March 31, 2024 | |
| 3,278,899 | | |
$ | 5.71 | |
|
Schedule of Stock-Based Compensation Expense |
The
table below presents the stock-based compensation expense per respective line item on the consolidated statements of operations for the
nine months ended March 31:
Schedule
of Stock-Based Compensation Expense
| |
2024 | | |
2023 | |
| |
| | |
| |
General and administrative | |
$ | 6,143,765 | | |
$ | 3,588,076 | |
Research and development | |
| 5,197,699 | | |
| 1,985,491 | |
Exploration | |
| 952,592 | | |
| 505,322 | |
Stock-based compensation
expense | |
$ | 12,294,056 | | |
$ | 6,078,889 | |
|
X |
- DefinitionTabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Supplemental Statement of Cash Flow Disclosures (Tables)
|
9 Months Ended |
Mar. 31, 2024 |
Supplemental Cash Flow Elements [Abstract] |
|
Schedule of Statement of Cash Flow Disclosures |
For
the nine months ended March 31:
Schedule
of Statement of Cash Flow Disclosures
| |
2024 | | |
2023 | |
| |
| | |
| |
Supplemental disclosures: | |
| | | |
| | |
| |
| | | |
| | |
Interest paid | |
$ | 16,017 | | |
$ | - | |
| |
| | | |
| | |
Non-cash investing and financing activities: | |
| | | |
| | |
| |
| | | |
| | |
Current liabilities associated with investing activities | |
| 1,999,331 | | |
| 1,938,564 | |
| |
| | | |
| | |
Deposits capitalized as investing activities | |
| 27,103,351 | | |
| 150,000 | |
|
X |
- DefinitionTabular disclosure of supplemental cash flow information for the periods presented.
+ References
+ Details
Name: |
us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SupplementalCashFlowElementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Organization and Nature of Operations (Details Narrative) - USD ($)
|
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
Mar. 31, 2024 |
Dec. 31, 2023 |
Sep. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2023 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Jun. 30, 2023 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
|
|
|
|
|
|
|
Net loss |
$ 9,995,137
|
$ 10,177,859
|
|
$ 5,608,021
|
$ 19,069,836
|
$ 29,064,973
|
$ 14,239,445
|
|
Net cash used in operating activities |
|
|
$ 4,758,984
|
|
$ 7,418,700
|
12,430,522
|
$ 10,816,060
|
$ 13,367,980
|
Cash balance |
5,995,134
|
|
|
|
|
5,995,134
|
|
2,320,149
|
Accumulated deficit |
$ 189,891,481
|
|
|
|
|
$ 189,891,481
|
|
$ 160,826,508
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-25
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of accumulated undistributed earnings (deficit).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-11
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.24.1.1.u2
Condensed Consolidated Balance Sheet (Details) - USD ($)
|
Mar. 31, 2024 |
Dec. 31, 2023 |
Jun. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2022 |
Jun. 30, 2022 |
Current liabilities: |
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ 6,260,691
|
|
$ 7,734,864
|
|
|
|
Total current liabilities |
17,009,197
|
|
13,734,864
|
|
|
|
Equity compensation liability |
2,179,498
|
|
833,427
|
|
|
|
Total liabilities |
19,188,695
|
|
14,622,595
|
|
|
|
Stockholders’ equity |
|
|
|
|
|
|
Additional paid in capital |
259,405,304
|
|
222,301,371
|
|
|
|
Accumulated deficit |
(189,891,481)
|
|
(160,826,508)
|
|
|
|
Total stockholders’ equity |
$ 70,068,563
|
$ 63,976,714
|
60,036,057
|
$ 53,936,502
|
$ 45,916,326
|
$ 49,634,059
|
Previously Reported [Member] |
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
Accounts payable and accrued liabilities |
|
|
7,389,864
|
|
|
|
Total current liabilities |
|
|
13,389,864
|
|
|
|
Equity compensation liability |
|
|
|
|
|
|
Total liabilities |
|
|
13,444,168
|
|
|
|
Stockholders’ equity |
|
|
|
|
|
|
Additional paid in capital |
|
|
222,626,865
|
|
|
|
Accumulated deficit |
|
|
(159,973,575)
|
|
|
|
Total stockholders’ equity |
|
|
61,214,484
|
|
|
|
Revision of Prior Period, Error Correction, Adjustment [Member] |
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
Accounts payable and accrued liabilities |
|
|
345,000
|
|
|
|
Total current liabilities |
|
|
345,000
|
|
|
|
Equity compensation liability |
|
|
833,427
|
|
|
|
Total liabilities |
|
|
1,178,427
|
|
|
|
Stockholders’ equity |
|
|
|
|
|
|
Additional paid in capital |
|
|
(325,494)
|
|
|
|
Accumulated deficit |
|
|
(852,933)
|
|
|
|
Total stockholders’ equity |
|
|
$ (1,178,427)
|
|
|
|
X |
- DefinitionEquity compensation liability.
+ References
+ Details
Name: |
ABAT_EquityCompensationLiability |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AdditionalPaidInCapital |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(26)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(14)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 29: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
+ Details
Name: |
us-gaap_Liabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionTotal obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-25
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-5
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
Reference 21: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481404/852-10-50-7
+ Details
Name: |
us-gaap_LiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of accumulated undistributed earnings (deficit).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-11
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
srt_RestatementAxis=srt_ScenarioPreviouslyReportedMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RestatementAxis=srt_RevisionOfPriorPeriodErrorCorrectionAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Condensed Consolidated Statement of Operations (Details) - USD ($)
|
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
Mar. 31, 2024 |
Dec. 31, 2023 |
Sep. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2023 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Jun. 30, 2023 |
Operating expenses |
|
|
|
|
|
|
|
|
General and administrative |
$ 3,229,202
|
$ 4,416,716
|
$ 3,053,998
|
$ 3,538,541
|
$ 7,470,713
|
$ 10,699,915
|
$ 9,445,776
|
$ 12,848,131
|
Research and development |
3,954,744
|
3,569,167
|
3,613,852
|
1,509,085
|
7,183,018
|
11,137,762
|
3,464,372
|
7,565,735
|
Exploration costs |
1,422,758
|
823,425
|
1,349,920
|
584,344
|
2,173,345
|
3,596,103
|
1,479,507
|
2,014,341
|
Total operating expenses |
8,606,704
|
8,809,307
|
8,017,769
|
5,631,970
|
16,827,076
|
25,433,780
|
14,389,655
|
22,428,207
|
Net loss before other income (expense) |
$ (8,606,704)
|
$ (8,809,307)
|
(8,017,769)
|
$ (5,631,970)
|
(16,827,076)
|
$ (25,433,780)
|
$ (14,389,655)
|
(22,428,207)
|
Net loss attributable to common stockholders |
|
|
$ (8,891,977)
|
|
$ (19,069,836)
|
|
|
$ (22,191,140)
|
Net loss per share, basic |
$ (0.19)
|
$ (0.21)
|
$ (0.19)
|
$ (0.13)
|
$ (0.40)
|
$ (0.59)
|
$ (0.33)
|
$ (0.51)
|
Net loss per share, diluted |
$ (0.19)
|
$ (0.21)
|
$ (0.19)
|
$ (0.13)
|
$ (0.40)
|
$ (0.59)
|
$ (0.33)
|
$ (0.51)
|
Other income (expense) |
|
|
|
|
|
|
|
|
Amortization of financing costs |
|
|
$ (732,896)
|
|
|
|
|
|
Total other income (expense) |
$ (1,388,433)
|
$ (1,368,552)
|
(874,208)
|
$ 23,949
|
$ (2,242,760)
|
$ (3,631,193)
|
$ 150,210
|
|
Amortization and accretion of financing costs |
(1,150,127)
|
(1,132,258)
|
|
|
(1,865,154)
|
(3,015,280)
|
|
|
Change in fair value of derivative liability |
(216,765)
|
(229,473)
|
|
|
(229,473)
|
(446,238)
|
|
|
Net loss |
$ (9,995,137)
|
(10,177,859)
|
|
$ (5,608,021)
|
(19,069,836)
|
$ (29,064,973)
|
$ (14,239,445)
|
|
Previously Reported [Member] |
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
General and administrative |
|
4,310,452
|
2,948,846
|
|
7,259,298
|
|
|
$ 11,960,831
|
Research and development |
|
3,148,873
|
2,155,314
|
|
5,304,187
|
|
|
7,703,895
|
Exploration costs |
|
771,523
|
1,279,782
|
|
2,051,305
|
|
|
1,910,548
|
Total operating expenses |
|
8,230,848
|
6,383,942
|
|
14,614,790
|
|
|
21,575,274
|
Net loss before other income (expense) |
|
$ (8,230,848)
|
(6,383,942)
|
|
(14,614,790)
|
|
|
(21,575,274)
|
Net loss attributable to common stockholders |
|
|
$ (7,231,985)
|
|
$ (16,523,420)
|
|
|
$ (21,338,207)
|
Net loss per share, basic |
|
$ (0.19)
|
$ (0.16)
|
|
$ (0.35)
|
|
|
$ (0.49)
|
Net loss per share, diluted |
|
$ (0.19)
|
$ (0.16)
|
|
$ (0.35)
|
|
|
$ (0.49)
|
Other income (expense) |
|
|
|
|
|
|
|
|
Amortization of financing costs |
|
|
$ (706,731)
|
|
|
|
|
|
Total other income (expense) |
|
$ (1,060,587)
|
(848,043)
|
|
$ (1,908,630)
|
|
|
|
Amortization and accretion of financing costs |
|
(1,053,766)
|
|
|
(1,760,497)
|
|
|
|
Change in fair value of derivative liability |
|
|
|
|
|
|
|
|
Net loss |
|
(9,291,435)
|
|
|
(16,523,420)
|
|
|
|
Revision of Prior Period, Error Correction, Adjustment [Member] |
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
General and administrative |
|
106,264
|
105,152
|
|
211,415
|
|
|
$ 887,300
|
Research and development |
|
420,294
|
1,458,538
|
|
1,878,831
|
|
|
(138,160)
|
Exploration costs |
|
51,902
|
70,138
|
|
122,040
|
|
|
103,793
|
Total operating expenses |
|
578,459
|
1,633,827
|
|
2,212,286
|
|
|
852,933
|
Net loss before other income (expense) |
|
$ (578,459)
|
(1,633,827)
|
|
(2,212,286)
|
|
|
(852,933)
|
Net loss attributable to common stockholders |
|
|
$ (1,659,992)
|
|
$ (2,546,416)
|
|
|
$ (852,933)
|
Net loss per share, basic |
|
$ (0.02)
|
$ (0.03)
|
|
$ (0.05)
|
|
|
$ (0.02)
|
Net loss per share, diluted |
|
$ (0.02)
|
$ (0.03)
|
|
$ (0.05)
|
|
|
$ (0.02)
|
Other income (expense) |
|
|
|
|
|
|
|
|
Amortization of financing costs |
|
|
$ (26,165)
|
|
|
|
|
|
Total other income (expense) |
|
$ (307,965)
|
$ (26,165)
|
|
$ (334,130)
|
|
|
|
Amortization and accretion of financing costs |
|
(78,492)
|
|
|
(104,657)
|
|
|
|
Change in fair value of derivative liability |
|
(229,473)
|
|
|
(229,473)
|
|
|
|
Net loss |
|
$ (886,424)
|
|
|
$ (2,546,416)
|
|
|
|
X |
- DefinitionAmortization and accretion of financing costs.
+ References
+ Details
Name: |
ABAT_AmortizationAndAccretionOfFinancingCosts |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionChange in fair value of derivative liability.
+ References
+ Details
Name: |
ABAT_ChangeInFairValueOfDerivativeLiability |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of amortization expense attributable to debt issuance costs.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-3
+ Details
Name: |
us-gaap_AmortizationOfFinancingCosts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-15
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-15
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of capitalized exploration cost incurred during period and excluded from amortization for oil- and gas-producing activities accounted for under full cost method. Excludes acquisition and development costs and capitalized interest.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 360 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477385/932-360-S50-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-10(c)(7)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479664/932-10-S99-1
+ Details
Name: |
us-gaap_ExplorationCosts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details
Name: |
us-gaap_GeneralAndAdministrativeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 6.B) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-5
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-11
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
+ Details
Name: |
us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_NonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NonoperatingIncomeExpenseAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionGenerally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
+ Details
Name: |
us-gaap_OperatingExpenses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe net result for the period of deducting operating expenses from operating revenues.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 6: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31
+ Details
Name: |
us-gaap_OperatingIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 730 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482916/730-10-50-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 912 -SubTopic 730 -Name Accounting Standards Codification -Section 25 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479532/912-730-25-1
+ Details
Name: |
us-gaap_ResearchAndDevelopmentExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
srt_RestatementAxis=srt_ScenarioPreviouslyReportedMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RestatementAxis=srt_RevisionOfPriorPeriodErrorCorrectionAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Condensed Consolidated Statement of Stockholders' Equity (Details) - USD ($)
|
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
Mar. 31, 2024 |
Dec. 31, 2023 |
Sep. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2023 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Jun. 30, 2023 |
Balance |
$ 70,068,563
|
$ 63,976,714
|
|
$ 53,936,502
|
$ 63,976,714
|
$ 70,068,563
|
$ 53,936,502
|
$ 60,036,057
|
Net loss for the period |
(9,995,137)
|
(10,177,859)
|
|
(5,608,021)
|
(19,069,836)
|
(29,064,973)
|
(14,239,445)
|
|
Balance |
63,976,714
|
|
$ 60,036,057
|
45,916,326
|
60,036,057
|
60,036,057
|
49,634,059
|
49,634,059
|
Previously Reported [Member] |
|
|
|
|
|
|
|
|
Balance |
|
|
|
|
|
|
|
61,214,484
|
Net loss for the period |
|
(9,291,435)
|
|
|
(16,523,420)
|
|
|
|
Balance |
|
|
61,214,484
|
|
61,214,484
|
61,214,484
|
|
|
Revision of Prior Period, Error Correction, Adjustment [Member] |
|
|
|
|
|
|
|
|
Balance |
|
|
|
|
|
|
|
(1,178,427)
|
Net loss for the period |
|
(886,424)
|
|
|
(2,546,416)
|
|
|
|
Balance |
|
|
(1,178,427)
|
|
(1,178,427)
|
(1,178,427)
|
|
|
Additional Paid-in Capital [Member] |
|
|
|
|
|
|
|
|
Stock-based compensation expense |
|
3,983,343
|
2,902,838
|
|
6,886,181
|
|
|
8,923,968
|
Balance |
259,405,304
|
243,823,714
|
226,973,188
|
206,748,030
|
243,823,714
|
259,405,304
|
206,748,030
|
222,301,371
|
Net loss for the period |
|
|
|
|
|
|
|
|
Balance |
243,823,714
|
226,973,188
|
222,301,371
|
193,785,953
|
222,301,371
|
222,301,371
|
188,151,484
|
188,151,484
|
Additional Paid-in Capital [Member] | Previously Reported [Member] |
|
|
|
|
|
|
|
|
Stock-based compensation expense |
|
3,836,466
|
1,921,442
|
|
5,757,908
|
|
|
9,249,462
|
Balance |
|
243,020,935
|
226,317,285
|
|
243,020,935
|
|
|
222,626,865
|
Balance |
243,020,935
|
226,317,285
|
222,626,865
|
|
222,626,865
|
222,626,865
|
|
|
Additional Paid-in Capital [Member] | Revision of Prior Period, Error Correction, Adjustment [Member] |
|
|
|
|
|
|
|
|
Stock-based compensation expense |
|
146,877
|
981,396
|
|
1,128,273
|
|
|
(325,494)
|
Balance |
|
802,779
|
655,903
|
|
802,779
|
|
|
(325,494)
|
Balance |
802,779
|
655,903
|
(325,494)
|
|
(325,494)
|
(325,494)
|
|
|
Retained Earnings [Member] |
|
|
|
|
|
|
|
|
Balance |
(189,891,481)
|
(179,896,345)
|
(169,718,486)
|
(152,874,813)
|
(179,896,345)
|
(189,891,481)
|
(152,874,813)
|
(160,826,508)
|
Net loss for the period |
(9,995,137)
|
(10,177,859)
|
(8,891,977)
|
(5,608,021)
|
(19,069,836)
|
(29,064,973)
|
(14,239,445)
|
(22,191,140)
|
Balance |
(179,896,345)
|
(169,718,486)
|
(160,826,508)
|
$ (147,266,792)
|
(160,826,508)
|
(160,826,508)
|
$ (138,635,368)
|
(138,635,368)
|
Retained Earnings [Member] | Previously Reported [Member] |
|
|
|
|
|
|
|
|
Balance |
|
(176,496,995)
|
(167,205,560)
|
|
(176,496,995)
|
|
|
(159,973,575)
|
Net loss for the period |
|
(9,291,435)
|
(7,231,985)
|
|
(16,523,420)
|
|
|
(21,338,207)
|
Balance |
(176,496,995)
|
(167,205,560)
|
(159,973,575)
|
|
(159,973,575)
|
(159,973,575)
|
|
|
Retained Earnings [Member] | Revision of Prior Period, Error Correction, Adjustment [Member] |
|
|
|
|
|
|
|
|
Balance |
|
(3,399,350)
|
(2,512,926)
|
|
(3,399,350)
|
|
|
(852,933)
|
Net loss for the period |
|
(886,424)
|
(1,659,992)
|
|
(2,546,416)
|
|
|
$ (852,933)
|
Balance |
$ (3,399,350)
|
$ (2,512,926)
|
$ (852,933)
|
|
$ (852,933)
|
$ (852,933)
|
|
|
X |
- DefinitionAmount of increase to additional paid-in capital (APIC) for recognition of cost for option under share-based payment arrangement.
+ References
+ Details
Name: |
us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478666/740-323-65-2
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480175/815-40-65-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-10
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-7
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7
Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- Details
Name: |
srt_RestatementAxis=srt_ScenarioPreviouslyReportedMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RestatementAxis=srt_RevisionOfPriorPeriodErrorCorrectionAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows (Details) - USD ($)
|
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
Sep. 30, 2023 |
Dec. 31, 2023 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Jun. 30, 2023 |
Operating Activities |
|
|
|
|
|
Net loss attributable to stockholders |
$ (8,891,977)
|
$ (19,069,836)
|
|
|
$ (22,191,140)
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
|
Stock-based compensation |
3,369,269
|
7,691,511
|
$ 12,322,198
|
$ 6,078,889
|
9,757,395
|
Changes in operating assets and liabilities: |
|
|
|
|
|
Accounts payable and accrued liabilities |
414,071
|
2,502,865
|
969,487
|
(1,653,541)
|
157,204
|
Net Cash Used in Operating Activities |
(4,758,984)
|
(7,418,700)
|
(12,430,522)
|
(10,816,060)
|
(13,367,980)
|
Accretion of financing costs |
282,624
|
1,865,154
|
3,014,414
|
|
|
Shares issued for professional services |
|
(448)
|
$ (1,047)
|
$ 47,275
|
|
Change in fair value of derivative liability |
|
229,473
|
|
|
|
Previously Reported [Member] |
|
|
|
|
|
Operating Activities |
|
|
|
|
|
Net loss attributable to stockholders |
(7,231,985)
|
(16,523,420)
|
|
|
(21,338,207)
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
|
Stock-based compensation |
1,921,442
|
5,757,908
|
|
|
9,249,462
|
Changes in operating assets and liabilities: |
|
|
|
|
|
Accounts payable and accrued liabilities |
228,071
|
2,223,865
|
|
|
(187,796)
|
Net Cash Used in Operating Activities |
(4,758,984)
|
(7,418,700)
|
|
|
(13,367,980)
|
Accretion of financing costs |
256,459
|
1,760,497
|
|
|
|
Shares issued for professional services |
|
(132)
|
|
|
|
Change in fair value of derivative liability |
|
|
|
|
|
Revision of Prior Period, Error Correction, Adjustment [Member] |
|
|
|
|
|
Operating Activities |
|
|
|
|
|
Net loss attributable to stockholders |
(1,659,992)
|
(2,546,416)
|
|
|
(852,933)
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
|
Stock-based compensation |
1,447,827
|
1,933,603
|
|
|
507,933
|
Changes in operating assets and liabilities: |
|
|
|
|
|
Accounts payable and accrued liabilities |
186,000
|
279,000
|
|
|
345,000
|
Net Cash Used in Operating Activities |
|
|
|
|
|
Accretion of financing costs |
$ 26,165
|
104,657
|
|
|
|
Shares issued for professional services |
|
(316)
|
|
|
|
Change in fair value of derivative liability |
|
$ 229,473
|
|
|
|
X |
- DefinitionGain (Loss) In Fair Value of Derivative Liability.
+ References
+ Details
Name: |
ABAT_GainLossInFairValueOfDerivativeLiability |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionShares issued for services professional services.
+ References
+ Details
Name: |
ABAT_SharesIssuedForServicesProfessionalServices |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481639/420-10-35-4
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_AccretionExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInOperatingCapitalAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-25
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-11
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-4
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 6.B) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-5
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-11
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
+ Details
Name: |
us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense for share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_ShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
srt_RestatementAxis=srt_ScenarioPreviouslyReportedMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RestatementAxis=srt_RevisionOfPriorPeriodErrorCorrectionAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Summary of Significant Accounting Policies (Details Narrative) - USD ($)
|
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
Dec. 31, 2023 |
Sep. 30, 2023 |
Dec. 31, 2023 |
Mar. 31, 2024 |
Jun. 30, 2023 |
Employee Stock Ownership Plan (ESOP), Compensation Expense |
$ 600,000
|
$ 1,600,000
|
|
|
|
Accounts Payable and Accrued Liabilities, Current |
|
|
|
$ 6,260,691
|
$ 7,734,864
|
Interest Expense, Other |
|
$ 100,000
|
$ 300,000
|
|
|
Increase in interest and other expenses |
|
|
400,000
|
|
|
Number of potentially dilutive shares |
|
|
|
10,581,138
|
|
Lessee operating lease description |
|
|
|
The
Company has elected not to recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less.
|
|
Convertible Notes [Member] |
|
|
|
|
|
Number of potentially dilutive shares |
|
|
|
1,355,853
|
|
Warrant [Member] |
|
|
|
|
|
Number of potentially dilutive shares |
|
|
|
5,757,894
|
|
Share Awards [Member] |
|
|
|
|
|
Number of potentially dilutive shares |
|
|
|
3,467,391
|
|
Revision of Prior Period, Error Correction, Adjustment [Member] |
|
|
|
|
|
Employee Stock Ownership Plan (ESOP), Compensation Expense |
|
|
|
|
900,000
|
Increase decrease in compensation cost |
|
|
$ 2,200,000
|
|
|
Accounts Payable and Accrued Liabilities, Current |
|
|
|
|
345,000
|
Accounts Payable and Accrued Liabilities, Noncurrent |
|
|
|
|
$ 800,000
|
X |
- References
+ Details
Name: |
ABAT_IncreaseDecreaseInCompensationCost |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionIncrease in interest and other expenses.
+ References
+ Details
Name: |
ABAT_IncreaseInInterestAndOtherExpenses |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionSum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying values as of the balance sheet date of obligations incurred through that date and due after one year (or beyond the operating cycle if longer), including liabilities for compensation costs, fringe benefits other than pension and postretirement obligations, rent, contractual rights and obligations, and statutory obligations.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AccountsPayableAndAccruedLiabilitiesNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSecurities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
+ Details
Name: |
us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of plan compensation cost recognized during the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480489/718-40-50-1
+ Details
Name: |
us-gaap_EmployeeStockOwnershipPlanESOPCompensationExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of interest expense classified as other.
+ References
+ Details
Name: |
us-gaap_InterestExpenseOther |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionDescription of lessee's operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-3
+ Details
Name: |
us-gaap_LesseeOperatingLeaseDescription |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=ABAT_ConvertibleNotesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_WarrantMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=ABAT_ShareAwardsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RestatementAxis=srt_RevisionOfPriorPeriodErrorCorrectionAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
X |
- References
+ Details
Name: |
us-gaap_InventoryDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount before valuation and LIFO reserves of completed merchandise or goods expected to be sold within one year or operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_InventoryFinishedGoods |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_InventoryNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount before valuation and LIFO reserves of raw materials expected to be sold, or consumed within one year or operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_InventoryRawMaterials |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.24.1.1.u2
Government Grant and Tax Credit Awards (Details Narrative) - USD ($)
|
Mar. 28, 2024 |
Nov. 17, 2022 |
Oct. 21, 2022 |
Aug. 16, 2021 |
Jan. 20, 2021 |
Mar. 31, 2024 |
Jun. 30, 2023 |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
|
Grants receivable |
|
|
|
|
|
$ 527,723
|
$ 320,457
|
Project budget |
|
$ 20,000,000.0
|
$ 115,500,000
|
|
|
|
|
Tax credit |
$ 19,500,000
|
|
|
|
|
|
|
Additional tax credit |
$ 40,500,000
|
|
|
|
|
|
|
September 1, 2023 [Member] |
|
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
|
Government grant cumulative funds invoiced |
|
|
|
|
|
$ 1,457,877
|
|
Percentage of net eligible reimbursements |
|
|
|
|
|
3.00%
|
|
October 1, 2023 [Member] |
|
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
|
Government grant cumulative funds invoiced |
|
|
|
|
|
$ 421,735
|
|
Percentage of net eligible reimbursements |
|
|
|
|
|
4.00%
|
|
Maximum [Member] |
|
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
|
Reimbursement percentage |
|
50.00%
|
50.00%
|
|
|
|
|
Reimbursement of eligible expenditure |
|
$ 10,000,000.0
|
$ 57,700,000
|
|
|
|
|
AMMTO Grant [Member] |
|
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
|
Project budget |
|
|
|
|
$ 4,500,000
|
|
|
AMMTO Grant [Member] | October 1, 2021 [Member] |
|
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
|
Government grant cumulative funds invoiced |
|
|
|
|
|
$ 1,560,962
|
|
Percentage of net eligible reimbursements |
|
|
|
|
|
68.00%
|
|
AMMTO Grant [Member] | Maximum [Member] |
|
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
|
Reimbursement percentage |
|
|
|
|
50.00%
|
|
|
Reimbursement of eligible expenditure |
|
|
|
|
$ 2,300,000
|
|
|
USABC Grant [Member] |
|
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
|
Project budget |
|
|
|
$ 2,000,000.0
|
|
|
|
Government grant cumulative funds invoiced |
|
|
|
|
|
$ 479,939
|
|
Percentage of net eligible reimbursements |
|
|
|
|
|
96.00%
|
|
USABC Grant [Member] | Maximum [Member] |
|
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
|
Reimbursement of eligible expenditure |
|
|
|
$ 500,000
|
|
|
|
X |
- DefinitionGovernment grant cumulative funds invoiced.
+ References
+ Details
Name: |
ABAT_GovernmentGrantCumulativeFundsInvoiced |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionPercentage of net eligible reimbursements.
+ References
+ Details
Name: |
ABAT_PercentageOfNetEligibleReimbursements |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionReimbursement grants eligible percentage.
+ References
+ Details
Name: |
ABAT_ReimbursementGrantsEligiblePercentage |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionReimbursement of eligible expenditure.
+ References
+ Details
Name: |
ABAT_ReimbursementOfEligibleExpenditure |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionCarrying amount as of the balance sheet date of amounts due under the terms of governmental, corporate, or foundation grants.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)(a)(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_GrantsReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount deducted from an entities' taxes, reflecting a percentage of an amount invested in certain assets spread over the useful life of those assets; includes deferred investment tax credits.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_InvestmentTaxCredit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(v) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-3
+ Details
Name: |
us-gaap_TaxCreditCarryforwardAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_AwardDateAxis=ABAT_SeptemberOneTwoThousandTwentyThreeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardDateAxis=ABAT_OctoberOneTwoThousandTwentyThreeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RangeAxis=srt_MaximumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=ABAT_AMMTOGrantMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardDateAxis=ABAT_OctoberOneTwoThousandTwentyOneMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=ABAT_USABCGrantMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
X |
- DefinitionAmount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 30 -Paragraph 8 -SubTopic 30 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479637/805-30-30-8
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -SubTopic 30 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 30 -Paragraph 7 -SubTopic 30 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479637/805-30-30-7
+ Details
Name: |
us-gaap_BusinessCombinationConsiderationTransferred1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionPurchase price of expected business acquisition prior to consideration being transferred. Excludes asset acquisition.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 15 -Paragraph 3 -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479455/805-10-15-3
+ Details
Name: |
us-gaap_BusinessCombinationPriceOfAcquisitionExpected |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionPercentage of equity in the acquiree held by the acquirer immediately before the acquisition date in a business combination.
+ References
+ Details
Name: |
us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(12)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details
Name: |
us-gaap_Deposits |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_RestructuringCostAndReserveLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
+ Details
Name: |
us-gaap_SharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_AmendedAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_BusinessAcquisitionAxis=ABAT_LinicoCorporationMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_AssetPurchaseAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_MembershipInterestPurchaseAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Schedule of Property and Equipment (Details)
|
9 Months Ended |
Mar. 31, 2024
USD ($)
|
Property, Plant and Equipment [Line Items] |
|
Cost, beginning |
$ 30,107,820
|
Cost additions |
35,747,196
|
Cost, ending |
65,855,016
|
Accumulated Depreciation, beginning |
161,721
|
Accumulated Depreciation, additions |
106,644
|
Accumulated Depreciation, ending |
268,365
|
Carrying Amounts, beginning |
29,946,099
|
Carrying Amounts, ending |
65,586,651
|
Land [Member] |
|
Property, Plant and Equipment [Line Items] |
|
Cost, beginning |
6,728,838
|
Cost additions |
4,126,833
|
Cost, ending |
10,855,671
|
Accumulated Depreciation, beginning |
|
Accumulated Depreciation, ending |
|
Carrying Amounts, beginning |
6,728,838
|
Carrying Amounts, ending |
10,855,671
|
Building [Member] |
|
Property, Plant and Equipment [Line Items] |
|
Cost, beginning |
17,508,486
|
Cost additions |
22,406,792
|
Cost, ending |
39,915,278
|
Accumulated Depreciation, beginning |
|
Accumulated Depreciation, ending |
|
Carrying Amounts, beginning |
17,508,486
|
Carrying Amounts, ending |
39,915,278
|
Equipment [Member] |
|
Property, Plant and Equipment [Line Items] |
|
Cost, beginning |
5,870,496
|
Cost additions |
9,213,570
|
Cost, ending |
15,084,066
|
Accumulated Depreciation, beginning |
161,721
|
Accumulated Depreciation, additions |
106,644
|
Accumulated Depreciation, ending |
268,365
|
Carrying Amounts, beginning |
5,708,775
|
Carrying Amounts, ending |
$ 14,815,702
|
X |
- DefinitionProperty plant and equipment additions accumulated depreciation.
+ References
+ Details
Name: |
ABAT_PropertyPlantAndEquipmentAdditionsAccumulatedDepreciation |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(14)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of acquisition of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.
+ References
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentAdditions |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 360 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478451/942-360-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_EquipmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
X |
- DefinitionThe aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(12)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details
Name: |
us-gaap_Deposits |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_RestructuringCostAndReserveLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_AssetPurchaseAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482686/350-30-45-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483154/926-20-50-5
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483154/926-20-50-5
+ Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=ABAT_WaterRightsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
X |
- References
+ Details
Name: |
us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquireIntangibleAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.24.1.1.u2
Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($)
|
Mar. 31, 2024 |
Jun. 30, 2023 |
Payables and Accruals [Abstract] |
|
|
Trade payables |
$ 2,949,290
|
$ 1,831,686
|
Accrued fixed assets |
1,999,331
|
4,404,034
|
Accrued expenses |
1,226,040
|
1,377,660
|
Right-of-use liability, current |
86,030
|
121,484
|
Total accounts payable and accrued liabilities |
$ 6,260,691
|
$ 7,734,864
|
X |
- DefinitionRight of use liability current.
+ References
+ Details
Name: |
ABAT_RightofuseLiabilityCurrent |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-8
+ Details
Name: |
us-gaap_AccountsPayableTradeCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_PayablesAndAccrualsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Schedule of Net Carrying Amounts of the Notes (Details) - USD ($)
|
Mar. 31, 2024 |
Jun. 30, 2023 |
Debt Disclosure [Abstract] |
|
|
Principal outstanding |
$ 12,483,333
|
|
Unamortized debt discount and issuance costs |
(2,520,864)
|
|
Derivative liability associated with convertible notes |
366,298
|
|
Changes in fair market value of derivative liability |
419,739
|
|
Net carrying value |
$ 10,748,506
|
|
X |
- DefinitionChanges in fair market value of derivative liability.
+ References
+ Details
Name: |
ABAT_ChangesInFairMarketValueOfDerivativeLiability |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionDerivative liability associated with convertible notes.
+ References
+ Details
Name: |
ABAT_DerivativeLiabilityAssociatedWithConvertibleNotes |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionUnamortized debt discount and issuance costs.
+ References
+ Details
Name: |
ABAT_UnamortizedDebtDiscountAndIssuanceCosts |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_DebtDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFace (par) amount of debt instrument at time of issuance.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2
+ Details
Name: |
us-gaap_DebtInstrumentFaceAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionIncluding the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details
Name: |
us-gaap_NotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.24.1.1.u2
Schedule of Maturities of Notes Payable (Details) - USD ($)
|
Mar. 31, 2024 |
Jun. 30, 2023 |
Debt Disclosure [Abstract] |
|
|
March 31, 2025 |
$ 12,483,333
|
|
March 31, 2026 |
|
|
Total note payments |
12,483,333
|
|
Less: unamortized debt discount and issuance costs |
(2,520,864)
|
|
Derivative liability, at fair value, less amortization |
786,037
|
|
Net carrying value |
10,748,506
|
|
Notes payable, current |
10,748,506
|
|
Notes payable, non-current |
|
|
X |
- References
+ Details
Name: |
us-gaap_DebtDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of unamortized debt discount (premium) and debt issuance costs.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-4
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-1A
+ Details
Name: |
us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFair value of the assets less the liabilities of a derivative or group of derivatives.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-10
+ Details
Name: |
us-gaap_DerivativeFairValueOfDerivativeNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D
Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-4
+ Details
Name: |
us-gaap_LongTermDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as current. Excludes lease obligation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LongTermDebtCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1
+ Details
Name: |
us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in remainder of current fiscal year.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3
+ Details
Name: |
us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as noncurrent. Excludes lease obligation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LongTermDebtNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionIncluding the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details
Name: |
us-gaap_NotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.24.1.1.u2
Notes Payable (Details Narrative)
|
|
|
3 Months Ended |
6 Months Ended |
9 Months Ended |
|
Aug. 29, 2023
USD ($)
|
May 17, 2023
USD ($)
|
Mar. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
Mar. 31, 2023
USD ($)
|
Dec. 31, 2023
USD ($)
|
Mar. 31, 2024
USD ($)
|
Mar. 31, 2023
USD ($)
|
Jun. 30, 2023
USD ($)
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
Aggregrate loan amount |
|
|
$ 12,483,333
|
|
|
|
$ 12,483,333
|
|
|
Repayments of notes payable |
|
|
|
|
|
|
18,600,000
|
|
|
Sale of stock |
|
|
|
|
|
|
|
8,857,351
|
|
Cash and cash equivalents at carrying value |
|
|
5,995,134
|
|
|
|
5,995,134
|
|
$ 2,320,149
|
Fair value of derivative liability |
|
|
400,000
|
|
|
|
400,000
|
|
|
Change in fair value of derivative liability |
|
|
216,765
|
$ 229,473
|
|
$ 229,473
|
446,238
|
|
|
Derivative liability |
|
|
$ 800,000
|
|
|
|
$ 800,000
|
|
|
Measurement Input, Price Volatility [Member] | Fair Value, Inputs, Level 3 [Member] |
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
Derivative liability measurement input |
|
|
81.1
|
|
|
|
81.1
|
|
|
Measurement Input, Risk Free Interest Rate [Member] | Fair Value, Inputs, Level 3 [Member] |
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
Derivative liability measurement input |
|
|
4.79
|
|
|
|
4.79
|
|
|
Credit Agreement [Member] |
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
Aggregrate loan amount |
|
$ 20,000,000
|
|
|
|
|
|
|
|
Principal amount |
|
6,000,000
|
|
|
|
|
|
|
|
Loan commitment |
|
$ 14,000,000
|
|
|
|
|
|
|
|
Description of notes payable interest rate |
|
Borrowings
under the Credit Agreement carry interest calculated as the secured overnight financing rate published on the Federal Reserve Bank of
New York’s website, plus the applicable credit spread adjustment, based on the elected interest period, plus an applicable margin
rate of 6%.
|
|
|
|
|
|
|
|
Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
Proceeds from secured notes payable |
$ 25,000,000.0
|
|
|
|
|
|
|
|
|
Repayments of notes payable |
12,600,000
|
|
|
|
|
|
|
|
|
Line of credit |
$ 12,500,000
|
|
|
|
|
|
|
|
|
Debt instrument convertible conversion percent |
1.10
|
|
|
|
|
|
|
|
|
Debt instrument maturity date |
Sep. 01, 2025
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at carrying value |
$ 5,000,000.0
|
|
|
|
|
|
|
|
|
Amortization of financing costs and discounts |
4,700,000
|
|
|
|
|
|
$ 2,800,000
|
|
|
Purchase Agreement [Member] | Common Stock [Member] |
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
Aggregate partial redemptions of convertible notes |
1,800,000
|
|
|
|
|
|
|
|
|
Purchase Agreement [Member] | Senior Secured Convertible Notes [Member] |
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
Proceeds from secured notes payable |
26,000,000
|
|
|
|
|
|
|
|
|
Line of credit |
13,500,000
|
|
|
|
|
|
|
|
|
Sale of stock |
250,000
|
|
|
|
|
|
|
|
|
Purchase Agreement [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
Proceeds from secured notes payable |
$ 51,000,000.0
|
|
|
|
|
|
|
|
|
X |
- DefinitionAggregate Partial Redemptions Of Convertible Notes
+ References
+ Details
Name: |
ABAT_AggregatePartialRedemptionsOfConvertibleNotes |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionChange in fair value of derivative liability.
+ References
+ Details
Name: |
ABAT_ChangeInFairValueOfDerivativeLiability |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionDescription of notes payable interest rate
+ References
+ Details
Name: |
ABAT_DescriptionOfNotesPayableInterestRate |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of amortization expense attributable to debt discount (premium) and debt issuance costs.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69F -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-3
+ Details
Name: |
us-gaap_AmortizationOfFinancingCostsAndDiscounts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionRatio applied to the conversion of debt instrument into equity with equity shares divided by debt principal amount.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6
+ Details
Name: |
us-gaap_DebtInstrumentConvertibleConversionRatio1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFace (par) amount of debt instrument at time of issuance.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2
+ Details
Name: |
us-gaap_DebtInstrumentFaceAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69F -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I
Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2
Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1
+ Details
Name: |
us-gaap_DebtInstrumentLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDate when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B
+ Details
Name: |
us-gaap_DebtInstrumentMaturityDate |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of the required periodic payments including both interest and principal payments.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3
+ Details
Name: |
us-gaap_DebtInstrumentPeriodicPayment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionFair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-1
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-1
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6
Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(9)(e)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5C -Subparagraph (SX 210.12-13C(Column H)(Footnote 7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(9)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(9)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13(Column G)(Footnote 8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5C -Subparagraph (SX 210.12-13C(Column H)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13(Column G)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5A -Subparagraph (SX 210.12-13A(Column E)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5B -Subparagraph (SX 210.12-13B(Column E)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5B -Subparagraph (SX 210.12-13B(Column E)(Footnote 4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-3
Reference 28: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-22
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-10
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-10
+ Details
Name: |
us-gaap_DerivativeLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionFair value of securities pledged as collateral against derivative liabilities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-12
+ Details
Name: |
us-gaap_DerivativeLiabilityFairValueOfCollateral |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details
Name: |
us-gaap_LineOfCredit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAverage amount outstanding of long-term debt.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph a -Publisher SEC
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph b -Subparagraph (1) -Publisher SEC
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details
Name: |
us-gaap_LongTermDebtAverageAmountOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow from the additional capital contribution to the entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromIssuanceOfCommonStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow from borrowings supported by a written promise to pay an obligation that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromSecuredNotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow for a borrowing supported by a written promise to pay an obligation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 15 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-15
+ Details
Name: |
us-gaap_RepaymentsOfNotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_CreditAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_PurchaseAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_LongtermDebtTypeAxis=ABAT_SeniorSecuredConvertibleNotesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RangeAxis=srt_MaximumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
X |
- References
+ Details
Name: |
ABAT_DisclosureLeasesAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's right to use underlying asset under operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseRightOfUseAsset |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.24.1.1.u2
Schedule of Maturity of Operating Lease Liabilities (Details) - USD ($)
|
Mar. 31, 2024 |
Jun. 30, 2023 |
Leases |
|
|
March 31, 2025 |
$ 88,632
|
|
March 31, 2026 |
|
|
Total lease payments |
88,632
|
|
Less: discount |
(2,601)
|
|
Total operating lease liabilities |
86,030
|
$ 175,788
|
Operating lease liabilities, current |
86,030
|
|
Operating lease liabilities, non-current |
|
|
X |
- References
+ Details
Name: |
ABAT_DisclosureLeasesAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payment for operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payment for operating lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payment for operating lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiabilityCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiabilityNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.24.1.1.u2
X |
- References
+ Details
Name: |
ABAT_DisclosureLeasesAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWeighted average discount rate for operating lease calculated at point in time.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionWeighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
instant |
|
v3.24.1.1.u2
X |
- References
+ Details
Name: |
ABAT_DisclosureLeasesAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDiscount rate used by lessee to determine present value of operating lease payments.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-3
+ Details
Name: |
us-gaap_LesseeOperatingLeaseDiscountRate |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionAmount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeaseCost |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiabilityCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.24.1.1.u2
Stockholders’ Equity (Details Narrative) - USD ($)
|
|
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
|
Jul. 28, 2023 |
Sep. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2023 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Sep. 11, 2023 |
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Common stock, shares authorized |
|
|
|
|
80,000,000
|
|
|
80,000,000
|
|
Common stock par value |
|
|
|
|
$ 0.001
|
|
|
$ 0.001
|
|
Common stock, shares issued |
|
|
|
|
55,058,411
|
|
|
45,888,131
|
|
Common stock, shares outstanding |
|
|
|
|
55,058,411
|
|
|
45,888,131
|
|
Common shares issued for services, value |
|
|
$ 10,596
|
|
$ (134)
|
$ 47,275
|
|
|
|
Stock issued during period, shares, restricted stock award, gross |
|
|
|
|
171,500
|
|
|
|
|
Proceeds from issuance of warrants |
|
|
|
|
$ 37,498
|
|
|
|
|
Stock-based compensation expense |
|
$ 3,369,269
|
|
$ 7,691,511
|
12,322,198
|
6,078,889
|
|
$ 9,757,395
|
|
Stock-based compensation expense |
|
|
|
|
$ 12,294,056
|
6,078,889
|
|
|
|
Number of shares vested |
|
|
|
|
1,092,155
|
|
|
|
|
Proceeds from issuance of common stock |
|
|
|
|
|
$ 8,857,351
|
|
|
|
Building Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Increase in stockholders equity |
$ 200,000
|
|
|
|
|
|
|
|
|
Value of indemnification requirement as per agreement |
$ 1,500,000
|
|
|
|
|
|
|
|
|
Number of shares reclaim |
128,205
|
|
|
|
|
|
|
|
|
Tysadco Agreement [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
8,209,262
|
|
|
|
|
Sale of stock, description |
|
|
|
|
Pursuant to the Tysadco Agreement, the Company may offer and sell up to 8,666,667
common shares of the Company at a purchase price of 95% of the weighted-average price, with a minimum request of 33,333 shares.
|
|
|
|
|
Proceeds due from issuance of common stock |
|
|
|
|
$ 27,800,000
|
|
|
|
|
Receivables net current |
|
|
|
|
$ 2,400,000
|
|
|
|
|
Tysadco Agreement [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
8,666,667
|
|
|
|
|
Share Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
8,209,262
|
|
|
|
Proceeds from issuance of common stock |
|
|
|
|
|
$ 3,600,000
|
|
|
|
Professional Service [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Common shares issued for services, shares |
|
|
|
|
|
10,009
|
|
|
|
Common shares issued for services, value |
|
|
|
|
|
$ 104,000
|
|
|
|
Professional Service Providers [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Common shares issued for services, shares |
|
|
|
|
1,326
|
|
|
|
|
Officers [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Stock issued during period, shares, restricted stock award, gross |
|
|
|
|
171,500
|
|
|
|
|
Officer and Director [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Stock-based compensation expense |
|
|
|
|
$ 4,400,000
|
2,700,000
|
|
|
|
Officer [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Stock-based compensation expense |
|
|
|
|
$ 5,000,000.0
|
$ 5,000,000.0
|
|
|
|
Series A Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Preferred stock, shares authorized |
|
|
|
|
33,334
|
|
|
33,334
|
|
Preferred stock, par value |
|
|
|
|
$ 0.001
|
|
|
$ 0.001
|
|
Preferred stock, shares issued |
|
|
|
|
|
|
|
|
|
Preferred stock, shares outstanding |
|
|
|
|
|
|
|
|
|
Series B Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Preferred stock, shares authorized |
|
|
|
|
133,334
|
|
|
133,334
|
|
Preferred stock, par value |
|
|
|
|
$ 10.00
|
|
|
$ 10.00
|
|
Preferred stock, shares issued |
|
|
|
|
|
|
|
|
|
Preferred stock, shares outstanding |
|
|
|
|
|
|
|
|
|
Series C Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Preferred stock, shares authorized |
|
|
|
|
66,667
|
|
|
66,667
|
|
Preferred stock, par value |
|
|
|
|
$ 10.00
|
|
|
$ 10.00
|
|
Preferred stock, shares issued |
|
|
|
|
|
|
|
|
|
Preferred stock, shares outstanding |
|
|
|
|
|
|
|
|
|
Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Preferred stock, shares authorized |
|
|
|
|
1,666,667
|
|
|
|
|
Preferred stock shares designated |
|
|
|
|
233,334
|
|
|
|
|
Preferred Stock [Member] | Series A Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Preferred stock, shares authorized |
|
|
|
|
33,334
|
|
|
33,334
|
|
Preferred stock, par value |
|
|
|
|
$ 0.001
|
|
|
$ 0.001
|
|
Preferred stock, shares issued |
|
|
|
|
|
|
|
|
|
Preferred stock, shares outstanding |
|
|
|
|
|
|
|
|
|
Preferred Stock [Member] | Series B Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Preferred stock, shares authorized |
|
|
|
|
133,334
|
|
|
133,334
|
|
Preferred stock, par value |
|
|
|
|
$ 10.00
|
|
|
$ 10.00
|
|
Preferred stock, shares issued |
|
|
|
|
|
|
|
|
|
Preferred stock, shares outstanding |
|
|
|
|
|
|
|
|
|
Preferred Stock [Member] | Series C Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Preferred stock, shares authorized |
|
|
|
|
66,667
|
|
|
66,667
|
|
Preferred stock, par value |
|
|
|
|
$ 10.00
|
|
|
$ 10.00
|
|
Preferred stock, shares issued |
|
|
|
|
|
|
|
|
|
Preferred stock, shares outstanding |
|
|
|
|
|
|
|
|
|
Prior Reverse Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Common stock, shares issued |
|
|
|
|
|
|
|
|
692,068,218
|
Common stock, shares outstanding |
|
|
|
|
|
|
|
|
692,068,218
|
Post Reverse Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Common stock, shares issued |
|
|
|
|
|
|
|
|
46,137,882
|
Common stock, shares outstanding |
|
|
|
|
|
|
|
|
46,137,882
|
Common Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Common shares issued for services, shares |
|
|
|
|
1,326
|
10,009
|
|
|
|
Common shares issued for services, value |
|
|
|
|
$ 1
|
$ 10
|
|
|
|
Number of shares issued |
|
|
133,333
|
|
39,883
|
400,000
|
|
|
|
Common Stock [Member] | Executives, Directors and Employees [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Common shares issued for services, shares |
|
|
|
|
909,972
|
|
|
|
|
Common shares issued for services, value |
|
|
|
|
$ 4,600,000
|
|
|
|
|
Common Stock [Member] | Employees and Directors [Member] | Restricted Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
293,908
|
|
|
|
Common Stock [Member] | Officer [Member] | Restricted Stock [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Number of shares vested |
|
|
|
|
|
166,574
|
|
|
|
Number of shares vested, value |
|
|
|
|
|
$ 1,700,000
|
|
|
|
Warrant [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
39,883
|
|
45,545
|
|
|
Stock issued during period shares exercise of warrants |
|
|
|
|
66,667
|
|
50,000
|
|
|
Proceeds from issuance of warrants |
|
|
|
|
$ 37,500
|
|
|
|
|
Pursuant to share purchase warrants |
|
|
|
|
33,334
|
|
|
|
|
Warrant [Member] | Officer [Member] |
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
|
|
|
|
|
Stock-based compensation expense |
|
|
|
|
$ 1,300,000
|
|
|
|
|
X |
- DefinitionStock issued during period shares cashless exercise of warrants.
+ References
+ Details
Name: |
ABAT_StockIssuedDuringPeriodSharesCashlessExerciseOfWarrants |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-4
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482765/220-10-50-5
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-17
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20
+ Details
Name: |
us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of expense for award under share-based payment arrangement. Excludes amount capitalized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_AllocatedShareBasedCompensationExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionNumber of securities into which each warrant or right may be converted. For example, but not limited to, each warrant may be converted into two shares.
+ References
+ Details
Name: |
us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionFace amount or stated value per share of common stock.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionAmount of subscription receivable from investors who have been allocated common stock.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 310 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477802/946-310-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(5)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details
Name: |
us-gaap_CommonStockShareSubscribedButUnissuedSubscriptionsReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
+ Details
Name: |
us-gaap_CommonStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionFace amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
+ Details
Name: |
us-gaap_PreferredStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details
Name: |
us-gaap_PreferredStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
+ Details
Name: |
us-gaap_PreferredStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionAggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
+ Details
Name: |
us-gaap_PreferredStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe cash inflow from the additional capital contribution to the entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromIssuanceOfCommonStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow associated with the amount received from holders exercising their stock warrants.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromWarrantExercises |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481372/852-10-55-10
+ Details
Name: |
us-gaap_ReceivablesNetCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionDescription of stock transaction which may include details of the offering (IPO, private placement), a description of the stock sold, percentage of subsidiary's or equity investee's stock sold, a description of the investors and whether the stock was issued in a business combination.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 23 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-23
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1B -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-1B
+ Details
Name: |
us-gaap_SaleOfStockDescriptionOfTransaction |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense for share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_ShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesIssuedForServices |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of new stock issued during the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(i)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesNewIssues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTotal number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionValue of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueIssuedForServices |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionNumber of stock bought back by the entity at the exercise price or redemption price.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
+ Details
Name: |
us-gaap_StockRedeemedOrCalledDuringPeriodShares |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquity impact of the value of stock bought back by the entity at the exercise price or redemption price.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
+ Details
Name: |
us-gaap_StockRedeemedOrCalledDuringPeriodValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) in stockholders' equity during the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-11
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478009/946-205-45-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockholdersEquityPeriodIncreaseDecrease |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_BuildingPurchaseAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_TysadcoAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RangeAxis=srt_MaximumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_SharePurchaseAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_ProfessionalServiceMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=ABAT_ProfessionalServiceProvidersMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=ABAT_OfficersMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=ABAT_OfficerAndDirectorMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=srt_OfficerMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_PreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=ABAT_PriorReverseStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=ABAT_PostReverseStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=ABAT_ExecutivesDirectorsAndEmployeesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=ABAT_EmployeesAndDirectorsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_WarrantMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Schedule of Share Purchase Warrants Activity (Details)
|
9 Months Ended |
Mar. 31, 2024
$ / shares
shares
|
Share Purchase Warrants |
|
Number of warrants, Beginning Balance | shares |
5,729,360
|
Weighted average exercise price, Beginning Balance | $ / shares |
$ 14.53
|
Number of warrants, Granted | shares |
236,271
|
Weighted average exercise price, Granted | $ / shares |
$ 3.59
|
Number of warrants, Exercised | shares |
(100,002)
|
Weighted average exercise price, Exercised | $ / shares |
$ (1.13)
|
Number of warrants, Expired | shares |
(107,735)
|
Weighted average exercise price, Expired | $ / shares |
$ (3.75)
|
Number of warrants, Ending Balance | shares |
5,757,894
|
Weighted average exercise price, Ending Balance | $ / shares |
$ 14.55
|
X |
- References
+ Details
Name: |
ABAT_DisclosureSharePurchaseWarrantsAbstract |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWeighted average exercise price, exercised.
+ References
+ Details
Name: |
ABAT_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceExercised |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionShare based compensation arrangement by share based payment award non option equity instruments weighted average exercise price expired.
+ References
+ Details
Name: |
ABAT_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceExpired |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionShare based compensation arrangement by share based payment award non option equity instruments weighted average exercise price granted.
+ References
+ Details
Name: |
ABAT_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceGranted |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWeighted average exercise price outstanding.
+ References
+ Details
Name: |
ABAT_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceOutstanding |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of non-option equity instruments exercised by participants.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(02) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares under non-option equity instrument agreements for which rights to exercise lapsed.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNet number of non-option equity instruments granted to participants.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(01) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of equity instruments other than options outstanding, including both vested and non-vested instruments.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
v3.24.1.1.u2
Schedule of Additional Information Regarding Share Purchase Warrants (Details) - $ / shares
|
Mar. 31, 2024 |
Jun. 30, 2023 |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] |
|
|
Outstanding and Exercisable, Number of Warrants |
5,757,894
|
5,729,360
|
Weighted Average Remaining Contractual Life (years) |
2 years 3 months 21 days
|
|
Exercise Price Range One [Member] |
|
|
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] |
|
|
Outstanding and Exercisable, Number of Warrants |
919,214
|
|
Weighted Average Remaining Contractual Life (years) |
3 months 29 days
|
|
Exercise Price Range One [Member] | Minimum [Member] |
|
|
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] |
|
|
Range of Exercise Prices |
$ 1.13
|
|
Exercise Price Range One [Member] | Maximum [Member] |
|
|
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] |
|
|
Range of Exercise Prices |
$ 4.33
|
|
Exercise Price Range Two [Member] |
|
|
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] |
|
|
Outstanding and Exercisable, Number of Warrants |
3,015,705
|
|
Weighted Average Remaining Contractual Life (years) |
1 year 2 months 26 days
|
|
Exercise Price Range Two [Member] | Minimum [Member] |
|
|
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] |
|
|
Range of Exercise Prices |
$ 6.53
|
|
Exercise Price Range Two [Member] | Maximum [Member] |
|
|
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] |
|
|
Range of Exercise Prices |
$ 13.13
|
|
Exercise Price Range Three [Member] |
|
|
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] |
|
|
Outstanding and Exercisable, Number of Warrants |
1,822,975
|
|
Weighted Average Remaining Contractual Life (years) |
8 months 26 days
|
|
Exercise Price Range Three [Member] | Minimum [Member] |
|
|
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] |
|
|
Range of Exercise Prices |
$ 23.10
|
|
Exercise Price Range Three [Member] | Maximum [Member] |
|
|
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] |
|
|
Range of Exercise Prices |
$ 26.25
|
|
X |
- DefinitionExercise price per share or per unit of warrants or rights outstanding.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3
+ Details
Name: |
us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of equity instruments other than options outstanding, including both vested and non-vested instruments.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionPeriod between issuance and expiration of outstanding warrant and right embodying unconditional obligation requiring redemption by transferring asset at specified or determinable date or upon event certain to occur, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details
Name: |
us-gaap_WarrantsAndRightsOutstandingTerm |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ABAT_ExercisePriceRangeOneMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RangeAxis=srt_MinimumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RangeAxis=srt_MaximumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ABAT_ExercisePriceRangeTwoMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ABAT_ExercisePriceRangeThreeMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Share Purchase Warrants (Details Narrative) - shares
|
9 Months Ended |
12 Months Ended |
Mar. 31, 2024 |
Jun. 30, 2024 |
Number of warrants, granted |
236,271
|
|
Stock issued during period, shares, restricted stock award, gross |
171,500
|
|
Warrant [Member] |
|
|
Common shares issued related to warrants exercised |
73,217
|
|
Number of common shares issued, shares |
39,883
|
45,545
|
Stock issued during period shares cashless exercise of warrants |
66,667
|
50,000
|
Number of warrants, granted |
249,119
|
|
X |
- DefinitionStock issued during period shares cashless exercise of warrants.
+ References
+ Details
Name: |
ABAT_StockIssuedDuringPeriodSharesCashlessExerciseOfWarrants |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionStock issued during period shares warrant exercised.
+ References
+ Details
Name: |
ABAT_StockIssuedDuringPeriodSharesWarrantExercised |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNet number of non-option equity instruments granted to participants.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(01) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of new stock issued during the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(i)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesNewIssues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTotal number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_WarrantMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Schedule of Restricted Shares and Restricted Share Units Non-vested (Details)
|
9 Months Ended |
Mar. 31, 2024
$ / shares
shares
|
Share-Based Payment Arrangement [Abstract] |
|
Units, Unvested share awards, Beginning | shares |
1,736,376
|
Weighted average grant date fair value, Unvested share awards, Beginning | $ / shares |
$ 8.35
|
Units, Granted | shares |
2,634,678
|
Weighted average grant date fair value, Granted | $ / shares |
$ 4.03
|
Units, Vested | shares |
(1,092,155)
|
Weighted average grant date fair value, Vested | $ / shares |
$ 5.54
|
Units, Other | shares |
|
Weighted average grant date fair value, Other | $ / shares |
|
Units, Forfeitures | shares |
|
Weighted average grant date fair value, Forfeitures | $ / shares |
|
Units, Unvested share awards, Ending | shares |
3,278,899
|
Weighted average grant date fair value, Unvested share awards, Ending | $ / shares |
$ 5.71
|
X |
- DefinitionShare based compensation arrangement by share based payment award equity instruments other than options other on Period.
+ References
+ Details
Name: |
ABAT_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOtherInPeriod |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionShare based compensation arrangement by share based payment award equity instruments other than options other in period weighted average grant date fair value
+ References
+ Details
Name: |
ABAT_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOtherInPeriodWeightedAverageGrantDateFairValue |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWeighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionPer share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
Schedule of Stock-Based Compensation Expense (Details) - USD ($)
|
9 Months Ended |
Mar. 31, 2024 |
Mar. 31, 2023 |
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] |
|
|
Stock-based compensation expense |
$ 12,294,056
|
$ 6,078,889
|
General and Administrative Expense [Member] |
|
|
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] |
|
|
Stock-based compensation expense |
6,143,765
|
3,588,076
|
Research and Development Expense [Member] |
|
|
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] |
|
|
Stock-based compensation expense |
5,197,699
|
1,985,491
|
Exploration [Member] |
|
|
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] |
|
|
Stock-based compensation expense |
$ 952,592
|
$ 505,322
|
X |
- DefinitionAmount of expense for award under share-based payment arrangement. Excludes amount capitalized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_AllocatedShareBasedCompensationExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_IncomeStatementLocationAxis=us-gaap_GeneralAndAdministrativeExpenseMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_IncomeStatementLocationAxis=us-gaap_ResearchAndDevelopmentExpenseMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_IncomeStatementLocationAxis=ABAT_ExplorationMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Equity Compensation Awards (Details Narrative) - USD ($)
|
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
|
Sep. 30, 2023 |
Dec. 31, 2023 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Jun. 30, 2023 |
Dec. 31, 2022 |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
Award vest rate |
|
|
25.00%
|
|
|
|
Outstanding percentage |
|
|
|
|
|
10.00%
|
Number of restricted shares issued, shares |
|
|
2,634,678
|
|
|
|
Stock-based compensation expense |
$ 3,369,269
|
$ 7,691,511
|
$ 12,322,198
|
$ 6,078,889
|
$ 9,757,395
|
|
Stock-based compensation expense |
|
|
12,294,056
|
6,078,889
|
|
|
Unamortized expenses |
|
|
$ 10,300,000
|
|
$ 8,700,000
|
|
Remaining weighted average period |
|
|
3 years
|
|
3 years 2 months 12 days
|
|
Officer [Member] |
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
Stock-based compensation expense |
|
|
$ 5,000,000.0
|
5,000,000.0
|
|
|
Officer [Member] | Warrant [Member] |
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
Stock-based compensation expense |
|
|
1,300,000
|
|
|
|
Equity compensation liability |
|
|
2,100,000
|
800,000
|
|
|
Director [Member] |
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
Stock-based compensation expense |
|
|
$ 2,700,000
|
$ 2,700,000
|
|
|
2021 Equity Retention Plan [Member] |
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
|
|
|
Number of restricted shares issued, shares |
|
|
1,800,000
|
2,600,000
|
|
|
X |
- DefinitionNumber of shares of common stock outstanding percentage.
+ References
+ Details
Name: |
ABAT_NumberOfSharesOfCommonStockOutstandingPercentage |
Namespace Prefix: |
ABAT_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionAmount of expense for award under share-based payment arrangement. Excludes amount capitalized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_AllocatedShareBasedCompensationExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cost not yet recognized for nonvested award under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of noncash expense for share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_ShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480483/718-10-35-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(v) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionPercentage of vesting of award under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWeighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (e)(1) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionValue, after forfeiture, of shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=srt_OfficerMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_WarrantMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=srt_DirectorMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=ABAT_TwoThousandTwentyOneEquityRetentionPlanMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.1.1.u2
Schedule of Statement of Cash Flow Disclosures (Details) - USD ($)
|
9 Months Ended |
Mar. 31, 2024 |
Mar. 31, 2023 |
Supplemental disclosures: |
|
|
Interest paid |
$ 16,017
|
|
Non-cash investing and financing activities: |
|
|
Current liabilities associated with investing activities |
1,999,331
|
1,938,564
|
Deposits capitalized as investing activities |
$ 27,103,351
|
$ 150,000
|
X |
- References
+ Details
Name: |
ABAT_InvestingActivitiesInAccountsPayableAndAccruedLiabilities |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionFuture cash outflow to pay for purchases of fixed assets that have occurred.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-4
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-3
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-5
+ Details
Name: |
us-gaap_CapitalExpendituresIncurredButNotYetPaid |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-17
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-2
+ Details
Name: |
us-gaap_InterestPaidNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.24.1.1.u2
X |
- DefinitionFinancial assurance reclamation or restoration cost.
+ References
+ Details
Name: |
ABAT_FinancialAssuranceReclamationOrRestorationCost |
Namespace Prefix: |
ABAT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_CommitmentsAndContingenciesDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.1.1.u2
X |
- DefinitionFace amount or stated value per share of common stock.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe number of shares issued or sold by the subsidiary or equity method investee per stock transaction.
+ References
+ Details
Name: |
us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDetail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2
+ Details
Name: |
us-gaap_SubsequentEventLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=ABAT_SalesAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
Grafico Azioni American Battery Technol... (QX) (USOTC:ABML)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni American Battery Technol... (QX) (USOTC:ABML)
Storico
Da Giu 2023 a Giu 2024