2024 Q2 Form 10-Q Financial Statement
#000149315224019927 Filed on May 15, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
Revenue | $182.8K | $186.7K | $0.00 |
YoY Change | |||
Cost Of Revenue | $91.79K | $102.1K | $0.00 |
YoY Change | |||
Gross Profit | $91.00K | $84.64K | $0.00 |
YoY Change | |||
Gross Profit Margin | 49.79% | 45.33% | |
Selling, General & Admin | $9.538M | $10.09M | $14.56M |
YoY Change | 96.25% | 192.52% | 590.04% |
% of Gross Profit | 10480.98% | 11923.44% | |
Research & Development | $2.444M | $3.171M | $4.920M |
YoY Change | -47.56% | 207.86% | |
% of Gross Profit | 2685.24% | 3746.48% | |
Depreciation & Amortization | $33.11K | $31.91K | $42.88K |
YoY Change | 708.94% | 694.77% | 328.8% |
% of Gross Profit | 36.38% | 37.7% | |
Operating Expenses | $12.08M | $13.27M | $17.14M |
YoY Change | 26.85% | 196.17% | 620.26% |
Operating Profit | -$11.99M | -$13.18M | -$17.14M |
YoY Change | 25.89% | 194.28% | 620.26% |
Interest Expense | -$390.9K | $202.7K | $155.0K |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$400.9K | -$2.375K | -$46.10K |
YoY Change | 215.95% | -83.05% | -71.19% |
Pretax Income | -$12.39M | -$13.18M | -$17.03M |
YoY Change | 31.86% | 195.26% | 570.6% |
Income Tax | $6.220K | ||
% Of Pretax Income | |||
Net Earnings | -$11.61M | -$12.96M | -$17.02M |
YoY Change | 27.26% | 226.87% | 673.7% |
Net Earnings / Revenue | -6354.31% | -6943.21% | |
Basic Earnings Per Share | -$0.85 | -$1.29 | |
Diluted Earnings Per Share | -$0.85 | -$1.29 | -$1.23 |
COMMON SHARES | |||
Basic Shares Outstanding | 14.80M shares | 12.77M shares | 10.73M shares |
Diluted Shares Outstanding | 13.72M shares | 10.07M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $32.27M | $17.53M | $29.55M |
YoY Change | 59.98% | 251.29% | 10453.55% |
Cash & Equivalents | $32.27M | $17.53M | $29.55M |
Short-Term Investments | |||
Other Short-Term Assets | $149.2K | $144.7K | $113.9K |
YoY Change | 113.07% | 189.34% | 127.82% |
Inventory | $150.7K | $21.89K | |
Prepaid Expenses | |||
Receivables | |||
Other Receivables | $11.00K | $50.82K | |
Total Short-Term Assets | $32.58M | $17.71M | $29.71M |
YoY Change | 60.87% | 250.22% | 8502.62% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $27.45M | $12.08M | $6.408M |
YoY Change | 7401.01% | 5407.95% | 2845.41% |
Goodwill | |||
YoY Change | |||
Intangibles | $408.9K | $7.499M | $7.116M |
YoY Change | -94.44% | 7.72% | 43.14% |
Long-Term Investments | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Other Assets | $46.95K | ||
YoY Change | |||
Total Long-Term Assets | $28.28M | $19.99M | $13.97M |
YoY Change | 259.06% | 172.71% | 161.63% |
TOTAL ASSETS | |||
Total Short-Term Assets | $32.58M | $17.71M | $29.71M |
Total Long-Term Assets | $28.28M | $19.99M | $13.97M |
Total Assets | $60.86M | $37.70M | $43.68M |
YoY Change | 116.37% | 204.35% | 668.49% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.968M | $1.992M | $1.954M |
YoY Change | -0.13% | 216.21% | 376.62% |
Accrued Expenses | $109.0K | $125.0K | $115.0K |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $81.92K | $231.1K | $67.02K |
YoY Change | |||
Total Short-Term Liabilities | $5.275M | $6.427M | $5.670M |
YoY Change | 46.07% | 161.37% | 102.64% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $9.756M | $9.730M | $9.704M |
YoY Change | |||
Other Long-Term Liabilities | $22.89K | $27.31K | $58.58K |
YoY Change | -56.47% | -64.21% | -25.82% |
Total Long-Term Liabilities | $22.89K | $27.31K | $58.58K |
YoY Change | -56.47% | -64.21% | -25.82% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.275M | $6.427M | $5.670M |
Total Long-Term Liabilities | $22.89K | $27.31K | $58.58K |
Total Liabilities | $33.90M | $35.10M | $34.37M |
YoY Change | 43.27% | 1284.4% | 1094.62% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$126.2M | -$114.6M | -$101.7M |
YoY Change | 73.7% | 80.37% | 70.62% |
Common Stock | $14.83K | $12.77K | $12.76K |
YoY Change | 47.76% | 89.49% | 149.74% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $26.37M | $2.205M | $8.891M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $60.86M | $37.70M | $43.68M |
YoY Change | 116.37% | 204.35% | 668.49% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$11.61M | -$12.96M | -$17.02M |
YoY Change | 27.26% | 226.87% | 673.7% |
Depreciation, Depletion And Amortization | $33.11K | $31.91K | $42.88K |
YoY Change | 708.94% | 694.77% | 328.8% |
Cash From Operating Activities | -$7.654M | -$6.103M | -$8.344M |
YoY Change | -149.58% | 66.6% | 583.96% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $8.278M | $5.673M | $5.560M |
YoY Change | 491.28% | 343.17% | 1885.89% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$8.278M | -$6.056M | -$5.560M |
YoY Change | 491.28% | 374.58% | 1885.89% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 30.14M | 20.39M | |
YoY Change | 2591.1% | 1456.65% | |
NET CHANGE | |||
Cash From Operating Activities | -7.654M | -$6.103M | -8.344M |
Cash From Investing Activities | -8.278M | -$6.056M | -5.560M |
Cash From Financing Activities | 30.14M | 20.39M | |
Net Change In Cash | 14.21M | -$12.02M | 6.487M |
YoY Change | -6.28% | -355.36% | -3514.4% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.654M | -$6.103M | -$8.344M |
Capital Expenditures | $8.278M | $5.673M | $5.560M |
Free Cash Flow | -$15.93M | -$11.78M | -$13.90M |
YoY Change | -213.48% | 138.21% | 826.99% |
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CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-220729 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-499415 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12963467 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3965938 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.60 | |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10065572 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10065572 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6635325 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6635325 | shares |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
70026 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
66305 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-13114170 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-4399048 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-27918 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-498926 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-13086251 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-3900122 | 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 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
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 |
Adjustments To Additional Paid In Capital Sale Of Jupiter Gold Common Stock In Connection With Equity Offerings
AdjustmentsToAdditionalPaidInCapitalSaleOfJupiterGoldCommonStockInConnectionWithEquityOfferings
|
75000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-4465353 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9851432 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9314244 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9314244 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
105097 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6226933 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
138331 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-13184196 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2600410 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-13184196 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-4465353 | usd |
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6840202 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1128845 | usd |
CY2024Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
31912 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4015 | usd |
CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
202691 | usd |
CY2024Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-187489 | usd |
CY2023Q1 | ATLX |
Intangible Assets Purchases Payables
IntangibleAssetsPurchasesPayables
|
720000 | usd |
CY2023Q1 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
14015 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
21889 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-39825 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
538 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
|
-30769 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
|
-2736 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
237726 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1058993 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-31277 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-2679 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6103264 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3663428 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5672571 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5790 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
382964 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
1270182 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6055535 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1275972 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
9489335 | usd |
CY2023Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
75000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9564335 | usd |
CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
138337 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
82290 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-12020462 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
4707226 | 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 |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
17529465 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4987751 | usd |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84A_eus-gaap--UseOfEstimates_zV1ZYgPHbIn9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_864_zpbEIu7SiOQg">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">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> | |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
12080306 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
12080306 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6407735 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6407735 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
7498608 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
7115644 | usd |
CY2023Q1 | us-gaap |
Area Of Land
AreaOfLand
|
45.77 | |
CY2024Q1 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
4701027 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
3406864 | usd |
CY2024Q1 | ATLX |
Mineral Rights Payable Current And Noncurrent
MineralRightsPayableCurrentAndNoncurrent
|
49060 | usd |
CY2023Q4 | ATLX |
Mineral Rights Payable Current And Noncurrent
MineralRightsPayableCurrentAndNoncurrent
|
1080783 | usd |
CY2024Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
4750086 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
4487647 | usd |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.065 | pure |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
451405 | usd |
CY2024Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
6949 | usd |
CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
24713 | usd |
CY2024Q1 | ATLX |
Operating Lease Foreign Exchange
OperatingLeaseForeignExchange
|
5816 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
439457 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
125028 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
314429 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
150687000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
148104000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
128007000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
58172000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
484969000 | usd |
CY2023Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
9770724 | usd |
CY2024Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
9960651 | usd |
CY2024Q1 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
231048 | usd |
CY2023Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
67024 | usd |
CY2024Q1 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
9729603 | usd |
CY2023Q4 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
9703700 | usd |
CY2024Q1 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
164024 | usd |
CY2024Q1 | us-gaap |
Accretion Expense
AccretionExpense
|
25903 | usd |
CY2024Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
1320743 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
1000060 | usd |
CY2023 | us-gaap |
Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
|
486304 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
|
298815 | usd |
CY2024Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-187489 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
27306 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
58579 | usd |
CY2024Q1 | us-gaap |
Excess Stock Shares Authorized
ExcessStockSharesAuthorized
|
200000000 | shares |
CY2023Q4 | us-gaap |
Excess Stock Shares Authorized
ExcessStockSharesAuthorized
|
200000000 | shares |
CY2023Q1 | us-gaap |
Area Of Land
AreaOfLand
|
45.77 | |
CY2023Q1 | us-gaap |
Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
|
1150000 | usd |
CY2023Q1 | us-gaap |
Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
|
400000 | usd |
CY2023Q1 | us-gaap |
Restricted Investments
RestrictedInvestments
|
750000 | usd |
CY2024Q1 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
6000 | shares |
CY2023Q1 | ATLX |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Illiquidity Discount
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedIlliquidityDiscount
|
0.75 | pure |
CY2023Q1 | us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
147848 | usd |
CY2024Q1 | ATLX |
Issuscne Of Other Stock Incentives
IssuscneOfOtherStockIncentives
|
127695 | shares |
CY2024Q1 | ATLX |
Derivative Instrument Liability
DerivativeInstrumentLiability
|
1021929 | usd |
CY2023Q4 | ATLX |
Issuscne Of Other Stock Incentives
IssuscneOfOtherStockIncentives
|
127635 | shares |
CY2023Q4 | ATLX |
Derivative Instrument Liability
DerivativeInstrumentLiability
|
513757 | usd |
CY2024Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
5281365 | usd |
CY2024Q1 | ATLX |
Contractual Obligation Due In Less Twelve Months
ContractualObligationDueInLessTwelveMonths
|
5281365 | usd |
CY2024Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1992130 | usd |
CY2024Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
756995 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1954145 | usd |
CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
1462405 | usd |
CY2024Q1 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p id="xdx_80C_eus-gaap--LossContingencyDisclosures_zU4pI1mms3Gg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 8 – <span id="xdx_821_zVNw8PRSPqtb">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: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span style="text-decoration: underline">Currency Risk</span></i></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">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 company. 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">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> <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"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; 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 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024Q1 | ATLX |
Gross Proceeds Before Deducting Offering Expenses
GrossProceedsBeforeDeductingOfferingExpenses
|
30000000.0 | usd |
CY2024Q1 | us-gaap |
Intercompany Agreements Description
IntercompanyAgreementsDescription
|
(i) the spot quantity of fifteen thousand (15,000) dry metric tons of Atlas Brazil’s product, and, subject to the fulfillment of certain conditions precedent, (ii) up to sixty thousand (60,000) dry metric tons of Atlas Brazil’s product for each year, up to a total of three hundred thousand (300,000) dry metric tons. |