$ATLX
Atlas Lithium Corp Stock $atlx

$atlx Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000149315223017261 Filed on May 15, 2023

Income Statement

Concept	2023 Q2	2023 Q1	2022 Q1
Revenue			$480.00
YoY Change			-89.24%
Cost Of Revenue			$9.860K
YoY Change			-57.11%
Gross Profit			-$9.380K
YoY Change			-49.38%
Gross Profit Margin			-1954.17%
Selling, General & Admin	$4.860M	$3.450M	$827.3K
YoY Change	401.62%	317.01%	-25.62%
% of Gross Profit
Research & Development	$4.660M	$1.030M
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.093K	$4.015K	$7.570K
YoY Change	-70.04%	-46.96%	-37.39%
% of Gross Profit
Operating Expenses	$9.524M	$4.479M	$827.3K
YoY Change	862.69%	441.44%	-25.62%
Operating Profit	-$9.524M	-$4.479M	-$836.7K
YoY Change	839.91%	435.37%	-26.01%
Interest Expense			$0.00
YoY Change			-100.0%
% of Operating Profit
Other Income/Expense, Net	-$126.9K	-$14.02K	$1.950K
YoY Change	906300.0%	-818.72%	828.57%
Pretax Income	-$9.397M	-$4.465M	-$834.7K
YoY Change	827.4%	434.94%	-30.17%
Income Tax
% Of Pretax Income
Net Earnings	-$9.127M	-$3.966M	-$531.5K
YoY Change	947.82%	646.19%	-25.77%
Net Earnings / Revenue			-110727.08%
Basic Earnings Per Share	-$1.02	-$0.60
Diluted Earnings Per Share	-$1.02	-$0.60	-$166.50
COMMON SHARES
Basic Shares Outstanding	9.706M shares	6.738M shares	4.256M shares
Diluted Shares Outstanding	8.966M shares	6.635M shares

Balance Sheet

Concept	2023 Q2	2023 Q1	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$20.17M	$4.990M	$54.23K
YoY Change	5021.11%	9101.55%	-79.32%
Cash & Equivalents	$20.17M	$4.988M	$54.23K
Short-Term Investments
Other Short-Term Assets	$70.00K	$50.00K	$26.83K
YoY Change	214.75%	86.36%	2233.04%
Inventory
Prepaid Expenses
Receivables	$99.00	$94.00	$230.00
Other Receivables	$20.00K	$20.00K	$19.46K
Total Short-Term Assets	$20.25M	$5.056M	$100.7K
YoY Change	4565.25%	4918.78%	-66.36%
LONG-TERM ASSETS
Property, Plant & Equipment	$365.9K	$219.3K	$76.73K
YoY Change	443.65%	185.84%	9.54%
Goodwill
YoY Change
Intangibles	$7.361M	$6.961M
YoY Change	387.88%
Long-Term Investments	$150.0K	$150.0K	$150.0K
YoY Change	0.0%	0.0%	0.0%
Other Assets
YoY Change
Total Long-Term Assets	$7.877M	$7.331M	$1.760M
YoY Change	356.35%	316.41%	17.69%
TOTAL ASSETS
Total Short-Term Assets	$20.25M	$5.056M	$100.7K
Total Long-Term Assets	$7.877M	$7.331M	$1.760M
Total Assets	$28.13M	$12.39M	$1.861M
YoY Change	1202.14%	565.52%	3.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.970M	$630.0K	$360.0K
YoY Change	479.41%	75.0%	-68.97%
Accrued Expenses			$0.00
YoY Change			-100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due			$0.00
YoY Change			-100.0%
Total Short-Term Liabilities	$3.612M	$2.459M	$923.7K
YoY Change	326.3%	166.22%	-64.4%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$52.58K	$76.29K	$129.9K
YoY Change	-54.44%	-41.27%	17.78%
Total Long-Term Liabilities	$52.58K	$76.29K	$129.9K
YoY Change	-54.44%	-41.27%	17.78%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.612M	$2.459M	$923.7K
Total Long-Term Liabilities	$52.58K	$76.29K	$129.9K
Total Liabilities	$23.66M	$2.535M	$2.449M
YoY Change	2358.32%	3.54%	-44.71%
SHAREHOLDERS EQUITY
Retained Earnings	-$72.68M	-$63.55M
YoY Change	28.95%
Common Stock	$10.03K	$6.739K
YoY Change	-99.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$4.122M	$9.240M	-$587.5K
YoY Change
Total Liabilities & Shareholders Equity	$28.13M	$12.39M	$1.861M
YoY Change	1202.14%	565.52%	3.67%

Cashflow Statement

Concept	2023 Q2	2023 Q1	2022 Q1
OPERATING ACTIVITIES
Net Income	-$9.127M	-$3.966M	-$531.5K
YoY Change	947.82%	646.19%	-25.77%
Depreciation, Depletion And Amortization	$4.093K	$4.015K	$7.570K
YoY Change	-70.04%	-46.96%	-37.39%
Cash From Operating Activities	$15.44M	-$3.663M	-$506.1K
YoY Change	-1980.11%	623.9%	-203.55%
INVESTING ACTIVITIES
Capital Expenditures	$1.400M	$1.280M	-$153.0K
YoY Change	-1586.83%	-936.6%	-83.72%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$1.400M	-$1.276M	-$153.0K
YoY Change	1386.83%	733.97%	-83.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.120M	$9.564M	623.0K
YoY Change	-13.04%	1435.21%	33.62%
NET CHANGE
Cash From Operating Activities	15.44M	-$3.663M	-506.1K
Cash From Investing Activities	-1.400M	-$1.276M	-153.0K
Cash From Financing Activities	1.120M	$9.564M	623.0K
Net Change In Cash	15.16M	$4.707M	-36.07K
YoY Change	3969.03%	-13150.25%	-339.99%
FREE CASH FLOW
Cash From Operating Activities	$15.44M	-$3.663M	-$506.1K
Capital Expenditures	$1.400M	$1.280M	-$153.0K
Free Cash Flow	$14.04M	-$4.943M	-$353.1K
YoY Change	-2031.04%	1300.13%	-124.71%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001540684
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	us-gaap	Revenues Revenues		usd
CY2023Q1	us-gaap	Cost Of Revenue CostOfRevenue		usd
CY2023Q1	us-gaap	Gross Profit GrossProfit		usd
CY2022Q1	us-gaap	Exploration Expense ExplorationExpense		usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2023Q1	ATLX	Issuance Of Sale Of Apollo Resources Common Stock In Connection With Equity Offerings IssuanceOfSaleOfApolloResourcesCommonStockInConnectionWithEquityOfferings		usd
CY2022Q1	ATLX	Payments For Purchase Intangible Assets PaymentsForPurchaseIntangibleAssets		usd
CY2022Q1	us-gaap	Other Noncash Expense OtherNoncashExpense		usd
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-41552
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	ATLAS LITHIUM CORPORATION
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	39-2078861
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	Rua Bahia
CY2023Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	2463 - Suite 205
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Belo Horizonte
CY2023Q1	dei	Entity Address Country EntityAddressCountry	BR
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	30.160-012
CY2023Q1	dei	City Area Code CityAreaCode	+55
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	31-3956-1109
CY2023Q1	dei	Security12b Title Security12bTitle	Common Stock, $0.001 par value
CY2023Q1	dei	Trading Symbol TradingSymbol	ATLX
CY2023Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	9706126	shares
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4987751	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	280525	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	94	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	91	usd
CY2023Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	18243	usd
CY2022Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	17705	usd
CY2023Q1	us-gaap	Deposits Assets Current DepositsAssetsCurrent	49829	usd
CY2022Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	47093	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	5055917	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	345414	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	219325	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	217550	usd
CY2023Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6961449	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	4971267	usd
CY2023Q1	us-gaap	Equity Method Investments EquityMethodInvestments	150000	usd
CY2022Q4	us-gaap	Equity Method Investments EquityMethodInvestments	150000	usd
CY2023Q1	us-gaap	Assets Assets	12386691	usd
CY2022Q4	us-gaap	Assets Assets	5684231	usd
CY2023Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2437420	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2776474	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	2458974	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2797967	usd
CY2023Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	76285	usd
CY2022Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	78964	usd
CY2023Q1	us-gaap	Liabilities Liabilities	2535259	usd
CY2022Q4	us-gaap	Liabilities Liabilities	2876931	usd
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	4000000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	4000000000	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	6728062	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6728062	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	5110014	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	5110014	shares
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	6739	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	5111	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	73699668	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	62258116	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-915224	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-981040	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-63551887	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-59585949	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	9239511	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1696453	usd
CY2023Q1	us-gaap	Minority Interest MinorityInterest	611921	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	1110847	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9851432	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2807300	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12386691	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5684231	usd
CY2022Q1	us-gaap	Revenues Revenues	477	usd
CY2022Q1	us-gaap	Cost Of Revenue CostOfRevenue	9855	usd
CY2022Q1	us-gaap	Gross Profit GrossProfit	-9378	usd
CY2023Q1	us-gaap	Professional Fees ProfessionalFees	141900	usd
CY2022Q1	us-gaap	Professional Fees ProfessionalFees	119841	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1295963	usd
CY2022Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	221465	usd
CY2023Q1	us-gaap	Officers Compensation OfficersCompensation	883835	usd
CY2022Q1	us-gaap	Officers Compensation OfficersCompensation	97992	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1128845	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	388019	usd
CY2023Q1	us-gaap	Exploration Expense ExplorationExpense	1028825	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	4479368	usd
CY2022Q1	us-gaap	Operating Expenses OperatingExpenses	827317	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-4479368	usd
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-836695	usd
CY2023Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-14015	usd
CY2022Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1952	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-14015	usd
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1952	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-4465353	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-834743	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-4465353	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-834743	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-499415	usd
CY2022Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-303253	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-3965938	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-531490	usd
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.60
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6635325	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4255676	shares
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-4465353	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-834743	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	66305	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	56815	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-4399048	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-777928	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-498926	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-308741	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3900122	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-469187	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	456866	usd
CY2022Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	397999	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	196996	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	365546	usd
CY2022Q1	ATLX	Issuance Of Sale Of Apollo Resources Common Stock In Connection With Equity Offerings IssuanceOfSaleOfApolloResourcesCommonStockInConnectionWithEquityOfferings	225000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-834743	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	807664	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2807300	usd
CY2023Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	9489335	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Purchase Of Assets StockIssuedDuringPeriodValuePurchaseOfAssets	750000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	192012	usd
CY2023Q1	ATLX	Exercise Of Warrants ExerciseOfWarrants	197613	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	739220	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	66305	usd
CY2023Q1	ATLX	Issuance Of Jupiter Gold Common Stock In Connection With Sales Made Under Private Offerings IssuanceOfJupiterGoldCommonStockInConnectionWithSalesMadeUnderPrivateOfferings	75000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-4465353	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9851432	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-4465353	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-834743	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1128845	usd
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	388019	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	4015	usd
CY2022Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	7571	usd
CY2023Q1	ATLX	Payments For Purchase Intangible Assets PaymentsForPurchaseIntangibleAssets	720000	usd
CY2023Q1	us-gaap	Other Noncash Expense OtherNoncashExpense	14015	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1170	usd
CY2023Q1	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	538	usd
CY2022Q1	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	2948	usd
CY2023Q1	us-gaap	Increase Decrease In Customer Advances And Deposits IncreaseDecreaseInCustomerAdvancesAndDeposits	-2736	usd
CY2022Q1	us-gaap	Increase Decrease In Customer Advances And Deposits IncreaseDecreaseInCustomerAdvancesAndDeposits	-9580	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1058993	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-76519	usd
CY2023Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-2679	usd
CY2022Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	20959	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3663428	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-506071	usd
CY2023Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	5790	usd
CY2022Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	30472	usd
CY2023Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	1270182	usd
CY2022Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	122526	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1275972	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-152998	usd
CY2023Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	9489335	usd
CY2022Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	397999	usd
CY2023Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	75000	usd
CY2022Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	225000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	9564335	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	622999	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	82290	usd
CY2022Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	67524	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	4707226	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	31454	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	280525	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	22776	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	4987751	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	54230	usd
CY2023Q1	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_847_eus-gaap--UseOfEstimates_zNThyTlFQu7d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_867_zsUG7aby3hvl">Use of Estimates</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results may differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>ATLAS LITHIUM CORPORATION</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – ORGANIZATION, BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	666190	usd
CY2023Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	446865	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	219325	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	659282	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	441732	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	217550	usd
CY2023Q1	us-gaap	Depreciation Depreciation	4015	usd
CY2022Q1	us-gaap	Depreciation Depreciation	7571	usd
CY2023Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6961449	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	4971267	usd
CY2023Q1	us-gaap	Accounts Payable Other Current And Noncurrent AccountsPayableOtherCurrentAndNoncurrent	629379	usd
CY2022Q4	us-gaap	Accounts Payable Other Current And Noncurrent AccountsPayableOtherCurrentAndNoncurrent	408874	usd
CY2023Q1	ATLX	Mineral Rights Payable Current And Noncurrent MineralRightsPayableCurrentAndNoncurrent	1808041	usd
CY2022Q4	ATLX	Mineral Rights Payable Current And Noncurrent MineralRightsPayableCurrentAndNoncurrent	2367600	usd
CY2023Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	2437420	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	2776474	usd
CY2023Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	76285	usd
CY2022Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	78964	usd
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	4000000000	shares
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Stockholders Equity Reverse Stock Split StockholdersEquityReverseStockSplit	reverse stock split of our issued and outstanding shares of common stock at a ratio of 1-for-750 (the “Reverse Stock Split”). Following the Reverse Stock Split, each 750 shares of our issued and outstanding shares of common stock were automatically converted into one issued and outstanding share of common stock, without any change in par value per share.
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum	2.7206	pure
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum	2.8094	pure
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum	0.7900	pure
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum	2.2000	pure
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum	0.0342	pure
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum	0.0399	pure
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum	0.009	pure
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum	0.0183	pure
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0000	pure
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0000	pure
CY2023Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P10Y
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P10Y
CY2023Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	197614	usd
CY2023Q1	us-gaap	Payments For Rent PaymentsForRent	5750	usd
CY2023Q1	us-gaap	Loss Contingency Disclosures LossContingencyDisclosures	<p id="xdx_807_eus-gaap--LossContingencyDisclosures_z7oOi1EujfJ4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 7 – <span id="xdx_822_zKZIiXAzTuPl">RISKS AND UNCERTAINTIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">Currency Risk</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We operate primarily in Brazil which exposes us to currency risks. Our business activities may generate intercompany receivables or payables that are in a currency other than the functional currency of the entity. Changes in exchange rates from the time the activity occurs to the time payments are made may result in it receiving either more or less in local currency than the local currency equivalent at the time of the original activity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our consolidated financial statements are denominated in U.S. dollars. Accordingly, changes in exchange rates between the applicable foreign currency and the U.S. dollar affect the translation of each foreign subsidiary’s financial results into U.S. dollars for purposes of reporting in the consolidated financial statements. Our foreign subsidiaries translate their financial results from the local currency into U.S. dollars in the following manner: (a) income statement accounts are translated at average exchange rates for the period; (b) balance sheet asset and liability accounts are translated at end of period exchange rates; and (c) equity accounts are translated at historical exchange rates. Translation in this manner affects the shareholders’ equity account referred to as the foreign currency translation adjustment account. This account exists only in the foreign subsidiaries’ U.S. dollar balance sheets and is necessary to keep the foreign subsidiaries’ balance sheets in agreement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>

Files In Submission

Name	View Source	Status
atlx-20230331_cal.xml	Edgar Link	unprocessable
atlx-20230331_pre.xml	Edgar Link	unprocessable
atlx-20230331_lab.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
0001493152-23-017261-index-headers.html	Edgar Link	pending
0001493152-23-017261-index.html	Edgar Link	pending
0001493152-23-017261.txt	Edgar Link	pending
0001493152-23-017261-xbrl.zip	Edgar Link	pending
atlx-20230331.xsd	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-q.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
atlx-20230331_def.xml	Edgar Link	unprocessable
form10-q_htm.xml	Edgar Link	completed
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$ATLX
Atlas Lithium Corp Stock $atlx

2023 Q2 Form 10-Q Financial Statement

#000149315223017261 Filed on May 15, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ATLX Atlas Lithium Corp Stock $atlx

2023 Q2 Form 10-Q Financial Statement

#000149315223017261 Filed on May 15, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ATLX
Atlas Lithium Corp Stock $atlx