2024 Q1 Form 10-K Financial Statement

#000149315224011539 Filed on March 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $186.7K $0.00
YoY Change
Cost Of Revenue $102.1K $0.00
YoY Change
Gross Profit $84.64K $0.00
YoY Change
Gross Profit Margin 45.33%
Selling, General & Admin $10.09M $14.56M $25.86M
YoY Change 192.52% 590.04% 419.32%
% of Gross Profit 11923.44%
Research & Development $3.171M $4.920M $16.55M
YoY Change 207.86%
% of Gross Profit 3746.48%
Depreciation & Amortization $31.91K $42.88K $50.74K
YoY Change 694.77% 328.8% 267.53%
% of Gross Profit 37.7%
Operating Expenses $13.27M $17.14M $42.59M
YoY Change 196.17% 620.26% 681.86%
Operating Profit -$13.18M -$17.14M -$42.59M
YoY Change 194.28% 620.26% 673.8%
Interest Expense $202.7K $155.0K $87.42K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$2.375K -$46.10K -$45.88K
YoY Change -83.05% -71.19% -70.56%
Pretax Income -$13.18M -$17.03M -$42.63M
YoY Change 195.26% 570.6% 653.31%
Income Tax
% Of Pretax Income
Net Earnings -$12.96M -$17.02M -$41.39M
YoY Change 226.87% 673.7% 794.31%
Net Earnings / Revenue -6943.21%
Basic Earnings Per Share -$1.29 -$4.11
Diluted Earnings Per Share -$1.29 -$1.23 -$4.11
COMMON SHARES
Basic Shares Outstanding 12.77M shares 10.73M shares 10.07M shares
Diluted Shares Outstanding 10.07M shares 10.07M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.53M $29.55M $29.55M
YoY Change 251.29% 10453.55% 10453.55%
Cash & Equivalents $17.53M $29.55M $29.55M
Short-Term Investments
Other Short-Term Assets $144.7K $113.9K $113.9K
YoY Change 189.34% 127.82% 127.82%
Inventory $21.89K
Prepaid Expenses
Receivables $0.00
Other Receivables $11.00K $50.82K $50.82K
Total Short-Term Assets $17.71M $29.71M $29.71M
YoY Change 250.22% 8502.62% 8389.9%
LONG-TERM ASSETS
Property, Plant & Equipment $12.08M $6.408M $6.852M
YoY Change 5407.95% 2845.41% 3014.71%
Goodwill
YoY Change
Intangibles $7.499M $7.116M
YoY Change 7.72% 43.14%
Long-Term Investments $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Assets
YoY Change
Total Long-Term Assets $19.99M $13.97M $13.97M
YoY Change 172.71% 161.63% 162.06%
TOTAL ASSETS
Total Short-Term Assets $17.71M $29.71M $29.71M
Total Long-Term Assets $19.99M $13.97M $13.97M
Total Assets $37.70M $43.68M $43.68M
YoY Change 204.35% 668.49% 669.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.992M $1.954M $3.407M
YoY Change 216.21% 376.62% 730.94%
Accrued Expenses $125.0K $115.0K $115.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $231.1K $67.02K $67.02K
YoY Change
Total Short-Term Liabilities $6.427M $5.670M $5.670M
YoY Change 161.37% 102.64% 102.49%
LONG-TERM LIABILITIES
Long-Term Debt $9.730M $9.704M $9.704M
YoY Change
Other Long-Term Liabilities $27.31K $58.58K $18.99M
YoY Change -64.21% -25.82% 23643.74%
Total Long-Term Liabilities $27.31K $58.58K $28.70M
YoY Change -64.21% -25.82% 35773.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.427M $5.670M $5.670M
Total Long-Term Liabilities $27.31K $58.58K $28.70M
Total Liabilities $35.10M $34.37M $34.79M
YoY Change 1284.4% 1094.62% 771.97%
SHAREHOLDERS EQUITY
Retained Earnings -$114.6M -$101.7M
YoY Change 80.37% 70.62%
Common Stock $12.77K $12.76K
YoY Change 89.49% 149.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.205M $8.891M $8.891M
YoY Change
Total Liabilities & Shareholders Equity $37.70M $43.68M $43.68M
YoY Change 204.35% 668.49% 669.06%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$12.96M -$17.02M -$41.39M
YoY Change 226.87% 673.7% 794.31%
Depreciation, Depletion And Amortization $31.91K $42.88K $50.74K
YoY Change 694.77% 328.8% 267.53%
Cash From Operating Activities -$6.103M -$8.344M -$5.029M
YoY Change 66.6% 583.96% 239.7%
INVESTING ACTIVITIES
Capital Expenditures $5.673M $5.560M $6.019M
YoY Change 343.17% 1885.89% 111.19%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$6.056M -$5.560M -$7.082M
YoY Change 374.58% 1885.89% 148.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $31.21M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.39M $41.21M
YoY Change 1456.65% 815.4%
NET CHANGE
Cash From Operating Activities -$6.103M -8.344M -$5.029M
Cash From Investing Activities -$6.056M -5.560M -$7.082M
Cash From Financing Activities 20.39M $41.21M
Net Change In Cash -$12.02M 6.487M $29.27M
YoY Change -355.36% -3514.4% 11255.78%
FREE CASH FLOW
Cash From Operating Activities -$6.103M -$8.344M -$5.029M
Capital Expenditures $5.673M $5.560M $6.019M
Free Cash Flow -$11.78M -$13.90M -$11.05M
YoY Change 138.21% 826.99% 155.12%

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CY2023 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2269566 usd
CY2023 ATLX Issuance Of Common Stock In Connection With Purchase Of Mining Rights
IssuanceOfCommonStockInConnectionWithPurchaseOfMiningRights
750000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
13806 usd
CY2023 us-gaap Interest Expense
InterestExpense
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CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2023 ATLX Intangible Assets Purchases Payables
IntangibleAssetsPurchasesPayables
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CY2022 ATLX Intangible Assets Purchases Payables
IntangibleAssetsPurchasesPayables
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CY2023 ATLX General Provisions
GeneralProvisions
795035 usd
CY2022 ATLX General Provisions
GeneralProvisions
155812 usd
CY2023 us-gaap Other Noncash Expense
OtherNoncashExpense
150091 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1310 usd
CY2023 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
4155 usd
CY2022 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
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CY2023 us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
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CY2022 us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
-29847 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1136876 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-568038 usd
CY2023 ATLX Increase Decrease In Deferred Consideration From Royalties Sold
IncreaseDecreaseInDeferredConsiderationFromRoyaltiesSold
20000000 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-20382 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-29962 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5029318 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1480530 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6018873 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
177529 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1063594 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2668827 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7082467 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2846356 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
31214660 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4502356 usd
CY2023 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
10000024 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
41214684 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4502356 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
166504 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82279 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29269402 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
257749 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
280525 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22776 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29549927 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
280525 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zWLym4zJjbZa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><i><span style="text-decoration: underline"><span id="xdx_86D_zYb3PjMYrXTj">Use of Estimates</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 brl
CY2023 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<p id="xdx_84E_eus-gaap--DerivativesReportingOfDerivativeActivity_zITS5GGiMEke" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_86E_zhupqYWBxUTi">Derivative Instruments</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The Company evaluates its convertible debt, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for in accordance with Topic 480 of the FASB ASC and Topic 815 of the FASB Accounting Standards Codification. The result of this accounting treatment is that the fair value of the embedded derivative, if required to be bifurcated, is marked-to-market at each balance sheet date and recorded as a liability. The change in fair value is recorded in the Statement of Operations as a component of other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In circumstances where the embedded conversion option in a convertible instrument is required to be bifurcated and there are also other embedded derivative instruments in the convertible instrument that are required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify">The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period. Equity instruments that are initially classified as equity that become subject to reclassification are reclassified to liability at the fair value of the instrument on the reclassification date. Derivative instrument liabilities will be classified in the balance sheet as current or non-current based on whether net-cash settlement of the derivative instrument is expected within 12 months of the balance sheet date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> </p>
CY2023 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50%
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_841_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zZgLEtn7WLz8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><i><span style="text-decoration: underline"><span id="xdx_869_zO3WFMyVsy2l">Reclassifications</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings (loss) or financial position.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">adoption will have on its consolidated financial statements.</span></p>
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6407735 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6407735 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
CY2023 us-gaap Depreciation
Depreciation
50741 usd
CY2022 us-gaap Depreciation
Depreciation
13806 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7115644 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4971267 usd
CY2023Q1 us-gaap Area Of Land
AreaOfLand
45.77
CY2023Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
3406864 usd
CY2022Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
408874 usd
CY2023Q4 ATLX Mineral Rights Payable Current And Noncurrent
MineralRightsPayableCurrentAndNoncurrent
1080783 usd
CY2022Q4 ATLX Mineral Rights Payable Current And Noncurrent
MineralRightsPayableCurrentAndNoncurrent
2367600 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4487647 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2776474 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065 pure
CY2023Q4 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
311695 usd
CY2023 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
486304 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
174608 usd
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
2517300 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
466887 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
5025 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
20507 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
451405 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
114994 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
336411 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
144132000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
151060000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
138305000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
92965000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
526462000 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
9770724 usd
CY2023Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
67024 usd
CY2023Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
9703700 usd
CY2023 us-gaap Interest And Debt Expense
InterestAndDebtExpense
67024 usd
CY2023 us-gaap Accretion Expense
AccretionExpense
15395 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1000060 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
58579 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
78964 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
4000000000 shares
CY2022Q4 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 Area Of Land
AreaOfLand
45.77
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
321770 shares
CY2023 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
853397 usd
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
10799884 usd
CY2023Q4 ATLX Contractual Obligation Due In Less Twelve Months
ContractualObligationDueInLessTwelveMonths
10799884 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1954145 usd
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1462405 usd
CY2023 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p id="xdx_807_eus-gaap--LossContingencyDisclosures_zJsTUy8u0v8g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b>NOTE 8 – <span id="xdx_823_zCt9IS59dyk5">RISKS AND UNCERTAINTIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><i><span style="text-decoration: underline">Currency Risk</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The Company operates primarily in Brazil which exposes it to currency risks. The Company’s 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 the Company 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 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The Company’s 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. The Company’s 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>

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