Atlas Lithium Corp (ATLX) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1200 N FEDERAL HWY BOCA RATON, FL 33432 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 15,537 | 29,550 | 281 | 23 | 254 | 151 | |||
| Cash and cash equivalent | 15,537 | 29,550 | 281 | 23 | 254 | 151 | |||
| Receivables | 77 | 51 | 18 | 1 | 20 | ||||
| Inventory, net of allowances, customer advances and progress billings | 493 | 12 | 15 | ||||||
| Inventory | 493 | 12 | 15 | ||||||
| Derivative instruments and hedges, assets | |||||||||
| Deposits current assets | 47 | ||||||||
| Other current assets | 17 | 18 | 23 | ||||||
| Other undisclosed current assets | 135 | 114 | 17 | 2 | 5 | ||||
| Total current assets: | 16,242 | 29,715 | 345 | 58 | 305 | 194 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 500 | 336 | |||||||
| Property, plant and equipment | 38,855 | 13,478 | 218 | 54 | 89 | 173 | |||
| Long-term investments and receivables | 150 | ||||||||
| Long-term investments | 150 | ||||||||
| Intangible assets, net (including goodwill) | 400 | 46 | 4,971 | 1,302 | 407 | 510 | |||
| Intangible assets, net (excluding goodwill) | 400 | 46 | 4,971 | 1,302 | 407 | 510 | |||
| Other undisclosed noncurrent assets | 1,858 | 150 | 150 | 150 | |||||
| Total noncurrent assets: | 41,612 | 13,859 | 5,339 | 1,506 | 647 | 833 | |||
| TOTAL ASSETS: | 57,855 | 43,574 | 5,684 | 1,564 | 952 | 1,026 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 5,002 | 4,669 | 2,776 | 988 | 652 | 638 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 109 | ||||
| Accounts payable | 1,978 | 1,954 | |||||||
| Accrued liabilities | 652 | 638 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 3,024 | 2,715 | 2,776 | 879 | |||||
| Debt | 82 | 67 | 1,108 | 1,034 | |||||
| Derivative instruments and hedges, liabilities | 463 | 1,000 | |||||||
| Other liabilities | 8 | ||||||||
| Due to related parties | ✕ | ✕ | ✕ | 21 | 10 | 567 | |||
| Other undisclosed current liabilities | 134 | 169 | 482 | ||||||
| Total current liabilities: | 5,689 | 5,905 | 2,798 | 998 | 2,327 | 2,154 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 9,808 | 9,704 | |||||||
| Long-term debt, excluding current maturities | 9,808 | 9,704 | |||||||
| Liabilities, other than long-term debt | 347 | 290 | 79 | 109 | 121 | 193 | |||
| Accounts payable and accrued liabilities | 0 | ||||||||
| Other liabilities | 34 | 59 | 79 | 109 | 121 | 193 | |||
| Operating lease, liability | 313 | 231 | |||||||
| Other undisclosed noncurrent liabilities | 20,000 | 20,000 | |||||||
| Total noncurrent liabilities: | 30,155 | 29,994 | 79 | 109 | 121 | 193 | |||
| Total liabilities: | 35,843 | 35,899 | 2,877 | 1,107 | 2,448 | 2,347 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 21,258 | 7,248 | 1,696 | (1,094) | (3,473) | (1,321) | |||
| Preferred stock | 0 | 0 | 0 | ||||||
| Common stock | 16 | 13 | 5 | 3,109 | 1,998 | 1,132 | |||
| Additional paid in capital | 166,111 | 110,196 | 62,258 | 51,466 | 47,489 | 47,725 | |||
| Accumulated other comprehensive loss | (180) | (139) | (981) | (713) | (775) | (581) | |||
| Accumulated deficit | (144,410) | (102,822) | (59,586) | (54,957) | (52,185) | (51,043) | |||
| Other undisclosed equity, attributable to parent | (279) | 0 | 0 | 0 | 1,447 | ||||
| Equity, attributable to noncontrolling interest | 753 | 427 | 1,111 | 1,551 | 1,977 | 1,447 | |||
| Other undisclosed equity | (2,893) | ||||||||
| Total equity: | 22,011 | 7,675 | 2,807 | 457 | (1,496) | (2,767) | |||
| Other undisclosed liabilities and equity | 1,447 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 57,855 | 43,574 | 5,684 | 1,564 | 952 | 1,026 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 667 | 7 | 10 | 23 | 15 | |||
| Other income | 238 | 238 | 1 | |||||
| Cost of revenue | (401) | (64) | (246) | (130) | (182) | |||
| Cost of product and service sold | (11) | (17) | ||||||
| Gross profit: | 266 | (57) | (236) | (106) | (167) | |||
| Operating expenses | (44,124) | (42,107) | (5,447) | (3,281) | (1,175) | (1,098) | ||
| Operating loss: | (43,858) | (42,107) | (5,504) | (3,516) | (1,282) | (1,264) | ||
| Nonoperating income (expense) | (536) | 117 | (156) | 509 | (264) | (822) | ||
| Loss, foreign currency transaction, before tax | ||||||||
| Debt instrument, convertible, beneficial conversion feature | 66 | 276 | 276 | |||||
| Other nonoperating expense | (194) | (156) | (0) | |||||
| Interest and debt expense | (652) | (67) | 256 | (68) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (45,046) | (42,057) | (5,660) | (2,751) | (1,546) | (2,154) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 652 | 67 | (1,275) | 68 | ||||
| Loss from continuing operations before income taxes: | (44,394) | (41,990) | (5,660) | (4,025) | (1,546) | (2,086) | ||
| Income tax expense | (19) | |||||||
| Loss from continuing operations: | (44,413) | (41,990) | (5,660) | (4,025) | (1,546) | (2,086) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (4,025) | (1,546) | (2,086) | |
| Other undisclosed net income | 224 | |||||||
| Net loss: | (44,413) | (41,990) | (5,660) | (4,025) | (1,546) | (1,862) | ||
| Net income attributable to noncontrolling interest | 2,172 | 1,222 | 1,031 | 1,253 | ||||
| Other undisclosed net loss attributable to parent | (224) | |||||||
| Net loss available to common stockholders, diluted: | (42,241) | (40,768) | (4,629) | (2,772) | (1,546) | (2,086) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (44,413) | (41,990) | (5,660) | (4,025) | (1,546) | (1,862) | ||
| Other comprehensive income (loss) | (41) | (278) | 57 | (1,681) | (2,101) | |||
| Other undisclosed comprehensive loss | (132) | |||||||
| Comprehensive loss: | (44,454) | (42,122) | (5,937) | (3,969) | (3,227) | (3,963) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 2,131 | 1,355 | 1,040 | 1,259 | 345 | 224 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 1,546 | 1,862 | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (42,324) | (40,767) | (4,897) | (2,710) | (1,336) | (1,877) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.