U.S. Lithium Corp. (LITH) financial statements (2021 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
SIC 10 - Metal Mining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12508105 
Cash and cash equivalents408105 
Short-term investments121      
Receivables      35
Prepaid expense  9   
Total current assets:12501710535
Noncurrent Assets
Other undisclosed noncurrent assets1537614    
Total noncurrent assets:1537614    
TOTAL ASSETS:1403773110535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1311148368594246
Other undisclosed accounts payable and accrued liabilities1311148368594246
Debt27026816057595621
Due to related parties545569846642 
Other undisclosed current liabilities101010 169  
Total current liabilities:46544732221035314066
Noncurrent Liabilities
Long-term debt and lease obligation    11  
Long-term debt, excluding current maturities    11  
Liabilities, other than long-term debt   105  
Due to related parties   105  
Total noncurrent liabilities:   1016  
Other undisclosed liabilities     169181
Total liabilities:465447322219369309247
Stockholders' equity
Stockholders' equity attributable to parent, including:(325)(71)(290)(218)(368)(305)(247)
Common stock31009191464141
Additional paid in capital1,5171,337879743555124115
Accumulated deficit(1,844)(1,507)(1,261)(1,051)   
Other undisclosed stockholders' equity attributable to parent    (969)(470)(403)
Total stockholders' equity:(325)(71)(290)(218)(368)(305)(247)
TOTAL LIABILITIES AND EQUITY:14037731105 

Income statement (P&L) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Gross profit: (1)(2) (396)  
Operating expenses(74)(125)(104)(61)(464)(67)(70)
Other undisclosed operating income 12 396  
Operating loss:(74)(125)(104)(61)(464)(67)(70)
Nonoperating income (expense)(263)(122)(106)(21)256 
Foreign currency transaction loss, before tax(40)      
Debt instrument, convertible, beneficial conversion feature    256 
Interest and debt expense675    1815
Income (loss) before gain (loss) on sale of properties:338(247)(210)(82)(438)(43)(56)
Other undisclosed net loss     (24)(29)
Net income (loss):338(247)(210)(82)(438)(67)(85)
Other undisclosed net loss attributable to parent(675)   (60)  
Net loss available to common stockholders, diluted:(337)(247)(210)(82)(498)(67)(85)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):338(247)(210)(82)(438)(67)(85)
Comprehensive income (loss), net of tax, attributable to parent:338(247)(210)(82)(438)(67)(85)

Statements sources

The financial statements are based on the company's filings with the 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.

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