$ATLX
Atlas Lithium Corp

2014 Q3 Form 10-Q Financial Statement

#000114420414051803 Filed on August 21, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q4
Revenue $302.4K $97.16K $370.0K
YoY Change 14.03% -33.28%
Cost Of Revenue $93.84K $74.55K $230.0K
YoY Change -32.99% -10.1%
Gross Profit $208.6K $22.61K $150.0K
YoY Change 65.47% -63.93%
Gross Profit Margin 68.97% 23.27% 40.54%
Selling, General & Admin $340.0K $510.0K $350.0K
YoY Change 70.0% -57.14%
% of Gross Profit 163.02% 2255.34% 233.33%
Research & Development $0.00 $770.0K
YoY Change -100.0%
% of Gross Profit 0.0% 513.33%
Depreciation & Amortization $0.00 $0.00 $0.00
YoY Change
% of Gross Profit 0.0% 0.0% 0.0%
Operating Expenses $342.0K $510.8K $1.120M
YoY Change 54.39% -58.32%
Operating Profit -$133.4K -$488.2K -$970.0K
YoY Change 52.97% 218.13%
Interest Expense -$160.0K -$380.0K -$20.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$162.0K -$480.5K $0.00
YoY Change
Pretax Income -$295.4K -$968.7K -$1.000M
YoY Change 209.51% -16.7%
Income Tax $0.00 $0.00 -$10.00K
% Of Pretax Income
Net Earnings -$336.1K -$957.3K -$720.0K
YoY Change 156.78% -19.66%
Net Earnings / Revenue -111.15% -985.26% -194.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.889M -$6.000M -$5.143M
COMMON SHARES
Basic Shares Outstanding 84.62M shares 76.41M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $140.0K $640.0K $100.0K
YoY Change -56.25% 77.78%
Cash & Equivalents $140.0K $640.0K $100.0K
Short-Term Investments
Other Short-Term Assets $300.0K $58.86K $43.22K
YoY Change
Inventory $437.2K $277.8K $146.2K
Prepaid Expenses $203.1K $146.0K $0.00
Receivables $20.79K $0.00
Other Receivables $150.0K
Total Short-Term Assets $1.051M $1.297M $340.3K
YoY Change 13.04% 36.84% -60.57%
LONG-TERM ASSETS
Property, Plant & Equipment $606.8K $685.4K $430.1K
YoY Change 29.1%
Goodwill
YoY Change
Intangibles $134.6K $149.0K $139.7K
YoY Change -85.5% 0.01%
Long-Term Investments $150.0K $110.0K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $886.6K $947.3K $569.7K
YoY Change -44.38% -40.29% -28.78%
TOTAL ASSETS
Total Short-Term Assets $1.051M $1.297M $340.3K
Total Long-Term Assets $886.6K $947.3K $569.7K
Total Assets $1.938M $2.244M $910.1K
YoY Change -23.22% -11.45% -45.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $280.0K $290.0K $170.0K
YoY Change 300.0% 142.86%
Accrued Expenses $278.1K $290.7K $171.5K
YoY Change 178.21% 234.56% 154.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $550.0K $490.0K $70.00K
YoY Change 587.5%
Total Short-Term Liabilities $2.141M $2.028M $238.6K
YoY Change 1089.32% 2152.8% 2286.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $500.0K $500.0K
YoY Change
Total Long-Term Liabilities $500.0K $500.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.141M $2.028M $238.6K
Total Long-Term Liabilities $500.0K $500.0K $0.00
Total Liabilities $2.641M $2.528M $238.6K
YoY Change 1332.05% 2778.56% 253.68%
SHAREHOLDERS EQUITY
Retained Earnings -$40.67M -$39.63M -$38.98M
YoY Change 8.56% 6.15% 8.39%
Common Stock $98.49K $84.62K $74.64K
YoY Change 38.76% 19.25% 6.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$703.0K -$410.0K $261.5K
YoY Change
Total Liabilities & Shareholders Equity $1.938M $2.244M $910.1K
YoY Change -23.22% -11.45% -45.28%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q4
OPERATING ACTIVITIES
Net Income -$336.1K -$957.3K -$720.0K
YoY Change 156.78% -19.66%
Depreciation, Depletion And Amortization $0.00 $0.00 $0.00
YoY Change
Cash From Operating Activities -$290.0K $110.0K $0.00
YoY Change 262.5% -145.83%
INVESTING ACTIVITIES
Capital Expenditures -$480.0K -$490.0K $0.00
YoY Change 880.0%
Acquisitions
YoY Change
Other Investing Activities -$110.0K -$70.00K $0.00
YoY Change 266.67% -53.33% -100.0%
Cash From Investing Activities -$590.0K -$560.0K $0.00
YoY Change 1375.0% 194.74% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.0K 430.0K 0.000
YoY Change 455.56% 290.91%
NET CHANGE
Cash From Operating Activities -290.0K 110.0K 0.000
Cash From Investing Activities -590.0K -560.0K 0.000
Cash From Financing Activities 500.0K 430.0K 0.000
Net Change In Cash -380.0K -20.00K 0.000
YoY Change 1166.67% -93.75% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$290.0K $110.0K $0.00
Capital Expenditures -$480.0K -$490.0K $0.00
Free Cash Flow $190.0K $600.0K $0.00
YoY Change -337.5% -415.79%

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