@Rocketman  I knew the resistance in the math was not going to match because of the internal resistance of the battery but I am not sure of the math or of a way to compensate for the internal resistance.  Also the voltage of the batteries is what they are fresh off the same charger.
I finally got another IMR to check out but it is a BDL and I have to say they are garbage compared to the AW unless I have a dud, which I might. Here are the numbers with same setup as before:
BDL IMR 14500 Resting charged voltage=4.11VDC, Load Voltage=3.40VDC, Current=1.61A, Wattage=5.44W
Like the numbers, it is performing much more like the Ultrafire than the AW IMR.
	
		
			
		
		
	
			
			I finally got another IMR to check out but it is a BDL and I have to say they are garbage compared to the AW unless I have a dud, which I might. Here are the numbers with same setup as before:
BDL IMR 14500 Resting charged voltage=4.11VDC, Load Voltage=3.40VDC, Current=1.61A, Wattage=5.44W
Like the numbers, it is performing much more like the Ultrafire than the AW IMR.
 
				
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		