Business Context and Reporting Period
Company: American Battery Metals Corporation (formerly Oroplata Resources, Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: May 20, 2019
Reporting Period: Event date May 20, 2019; relates to fiscal year end determination.
Key Financial Metrics
This filing is a current report regarding corporate governance and accounting periods. It does not contain financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The filing text does not provide a clear value for any financial performance indicators.
Material Changes
- Fiscal Year Reversal: The Board of Directors unanimously agreed to nullify a previously approved change to the fiscal year end (which had been moved from September 30 to December 31).
- Reason for Change: Discussions with auditors determined that the fiscal year change would prevent the timely filing of the Form 10-Q for the period ending March 31, 2019.
- Current Status: The Company's fiscal year end remains September 30.
- Impact: No previously filed quarterly reports are affected as none were filed since the initial announcement of the change.
Guidance, Outlook, and Risks
- Future Plans: Management intends to readdress the fiscal year change in the future following further consultations with auditors.
- Risks/Contingencies: The primary risk identified was the potential delay in regulatory filings (Form 10-Q) caused by the accounting period change, which has been mitigated by reverting to the original fiscal year.
- Unusual Items: None reported in this filing.
Key Facts for Investor Verification
- Verify the Company's current fiscal year end is confirmed as September 30.
- Monitor future filings for the status of the Form 10-Q for the period ending March 31, 2019.
- Watch for future announcements regarding a potential re-attempt to change the fiscal year end.
- Note the Company's status as an Emerging Growth Company.