U.S. Lithium Corp. (LITH) financial statements (2020 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)

9/30/2019
TTM
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 12508105
Cash and cash equivalents 408105
Short-term investments 121     
Prepaid expense   9   
Total current assets: 125017105
Noncurrent Assets
Other undisclosed noncurrent assets 1537614   
Total noncurrent assets: 1537614   
TOTAL ASSETS: 14037731105
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 13111483685942
Other undisclosed accounts payable and accrued liabilities 13111483685942
Debt 270268160575956
Due to related parties 545569846642
Other undisclosed current liabilities 101010 169 
Total current liabilities: 465447322210353140
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      169
Total liabilities: 465447322219369309
Stockholders' equity
Stockholders' equity attributable to parent, including: (325)(71)(290)(218)(368)(305)
Common stock 310091914641
Additional paid in capital 1,5171,337879743555124
Accumulated deficit (1,844)(1,507)(1,261)(1,051)  
Other undisclosed stockholders' equity attributable to parent     (969)(470)
Total stockholders' equity: (325)(71)(290)(218)(368)(305)
TOTAL LIABILITIES AND EQUITY: 14037731105

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Gross profit:  (1)(2) (396) 
Operating expenses (74)(125)(104)(61)(464)(67)
Other undisclosed operating income  12 396 
Operating loss: (74)(125)(104)(61)(464)(67)
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 expense 675    18
Income (loss) before gain (loss) on sale of properties: 338(247)(210)(82)(438)(43)
Other undisclosed net loss      (24)
Net income (loss): 338(247)(210)(82)(438)(67)
Other undisclosed net loss attributable to parent (675)   (60) 
Net loss available to common stockholders, diluted: (337)(247)(210)(82)(498)(67)

Comprehensive Income ($ in thousands)

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(247)(210)(82)(438)(67)
Comprehensive income (loss), net of tax, attributable to parent: 338(247)(210)(82)(438)(67)

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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