U.S. Lithium Corp. (LITH) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
12340 SEAL BEACH, BLVD. SUITE B-190 SEAL BEACH, CA 90740 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 10 - Metal Mining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 9/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 124,941 | 490 | 7,540 | 1,389 | 256 | 4,524 | |||
| Cash and cash equivalent | 4,065 | 490 | 7,540 | 1,389 | 256 | 4,524 | |||
| Short-term investments | 120,876 | ||||||||
| Prepaid expense | 9,437 | ||||||||
| Total current assets: | 124,941 | 490 | 16,977 | 1,389 | 256 | 4,524 | |||
| Noncurrent Assets | |||||||||
| Other undisclosed noncurrent assets | 15,065 | 376,045 | 14,445 | ||||||
| Total noncurrent assets: | 15,065 | 376,045 | 14,445 | ||||||
| TOTAL ASSETS: | 140,006 | 376,535 | 31,422 | 1,389 | 256 | 4,524 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 131,286 | 114,003 | 82,960 | 67,779 | 58,834 | 41,789 | |||
| Other undisclosed accounts payable and accrued liabilities | 131,286 | 114,003 | 82,960 | 67,779 | 58,834 | 41,789 | |||
| Debt | 270,063 | 268,327 | 160,399 | 57,452 | 58,936 | 55,936 | |||
| Due to related parties | 54,317 | 55,317 | 68,864 | 84,464 | 65,799 | 42,069 | |||
| Other undisclosed current liabilities | 9,500 | 9,500 | 9,500 | 169,376 | |||||
| Total current liabilities: | 465,166 | 447,147 | 321,723 | 209,695 | 352,945 | 139,794 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 10,723 | ||||||||
| Long-term debt, excluding current maturities | 10,723 | ||||||||
| Liabilities, other than long-term debt | 9,500 | 4,862 | |||||||
| Due to related parties | 9,500 | 4,862 | |||||||
| Total noncurrent liabilities: | 9,500 | 15,585 | |||||||
| Other undisclosed liabilities | 169,376 | ||||||||
| Total liabilities: | 465,166 | 447,147 | 321,723 | 219,195 | 368,530 | 309,170 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (325,160) | (70,612) | (290,301) | (217,806) | (368,274) | (304,646) | |||
| Common stock | 2,626 | 99,993 | 90,712 | 90,512 | 45,612 | 41,412 | |||
| Additional paid in capital | 1,516,542 | 1,336,765 | 879,499 | 742,681 | 554,926 | 124,428 | |||
| Accumulated deficit | (1,844,328) | (1,507,370) | (1,260,512) | (1,050,999) | |||||
| Other undisclosed equity, attributable to parent | (968,812) | (470,486) | |||||||
| Total equity: | (325,160) | (70,612) | (290,301) | (217,806) | (368,274) | (304,646) | |||
| TOTAL LIABILITIES AND EQUITY: | 140,006 | 376,535 | 31,422 | 1,389 | 256 | 4,524 | |||
Income Statement (P&L) (USD)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Gross profit: | (800) | (1,775) | (396,000) | |||||
| Operating expenses | (73,743) | (125,059) | (103,964) | (61,352) | (463,619) | (67,472) | ||
| Other undisclosed operating income | 800 | 1,775 | 396,000 | |||||
| Operating loss: | (73,743) | (125,059) | (103,964) | (61,352) | (463,619) | (67,472) | ||
| Nonoperating income (expense) | (263,215) | (121,799) | (105,549) | (20,835) | 25,385 | 6,000 | ||
| Loss, foreign currency transaction, before tax | (40,147) | |||||||
| Debt instrument, convertible, beneficial conversion feature | 25,385 | 6,000 | ||||||
| Interest and debt expense | 675,404 | 18,196 | ||||||
| Income (loss) from continuing operations: | 338,446 | (246,858) | (209,513) | (82,187) | (438,234) | (43,276) | ||
| Income (loss) before gain (loss) on sale of properties: | 338,446 | (246,858) | (209,513) | (82,187) | (438,234) | (43,276) | ||
| Other undisclosed net loss | (23,728) | |||||||
| Net income (loss): | 338,446 | (246,858) | (209,513) | (82,187) | (438,234) | (67,004) | ||
| Other undisclosed net loss attributable to parent | (675,404) | (60,092) | ||||||
| Net loss available to common stockholders, diluted: | (336,958) | (246,858) | (209,513) | (82,187) | (498,326) | (67,004) | ||
Comprehensive Income (USD)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 338,446 | (246,858) | (209,513) | (82,187) | (438,234) | (67,004) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 338,446 | (246,858) | (209,513) | (82,187) | (438,234) | (67,004) | ||
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.