$LTUM
Lithium Corp

2021 Q3 Form 10-Q Financial Statement

#000164033421001916 Filed on August 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $53.64K $48.58K $32.09K
YoY Change 77.26% 51.39% -50.12%
% of Gross Profit
Research & Development $9.690K $8.440K $4.140K
YoY Change -36.79% 103.86% -41.53%
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $63.33K $57.02K $36.23K
YoY Change 38.91% 57.39% -49.27%
Operating Profit -$63.33K -$57.02K -$36.23K
YoY Change 38.91% 57.39%
Interest Expense $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $7.000K $26.00K $0.00
YoY Change
Pretax Income -$56.33K -$31.02K -$36.23K
YoY Change 23.55% -14.38% -109.76%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$56.33K -$31.02K -$36.23K
YoY Change 23.55% -14.38% -109.76%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$557.10 -$315.30 -$378.80
COMMON SHARES
Basic Shares Outstanding 101.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.944M $978.1K $267.4K
YoY Change 773.61% 265.86% -41.4%
Cash & Equivalents $1.892M $977.4K $266.7K
Short-Term Investments $51.26K $700.00 $700.00
Other Short-Term Assets $5.230K $7.430K $14.50K
YoY Change -62.59% -48.76% -63.28%
Inventory
Prepaid Expenses $5.232K $7.433K
Receivables
Other Receivables
Total Short-Term Assets $1.950M $985.6K $281.9K
YoY Change 724.47% 249.67% -43.14%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $1.950M $985.6K $281.9K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $1.950M $985.6K $281.9K
YoY Change 724.47% 249.67% -67.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.18K $21.29K $12.70K
YoY Change 102.95% 67.64% -17.69%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $177.4K $71.29K $12.70K
YoY Change 1275.52% 461.36% -17.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $177.4K $71.29K $12.70K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $177.4K $71.29K $12.70K
YoY Change 1275.52% 461.36% -17.69%
SHAREHOLDERS EQUITY
Retained Earnings -$5.536M -$5.479M
YoY Change
Common Stock $102.5K $99.57K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.772M $914.3K $269.2K
YoY Change
Total Liabilities & Shareholders Equity $1.950M $985.6K $281.9K
YoY Change 724.47% 249.67% -67.73%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$56.33K -$31.02K -$36.23K
YoY Change 23.55% -14.38% -109.76%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities -$49.24K -$34.58K -$31.37K
YoY Change 9.76% 10.23% -13.72%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $50.00K $50.00K $0.00
YoY Change -100.0%
Cash From Investing Activities $50.00K $50.00K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 914.2K 707.8K
YoY Change
NET CHANGE
Cash From Operating Activities -49.24K -34.58K -31.37K
Cash From Investing Activities 50.00K 50.00K 0.000
Cash From Financing Activities 914.2K 707.8K
Net Change In Cash 915.0K 723.2K -31.37K
YoY Change -2139.66% -2405.45% -12.23%
FREE CASH FLOW
Cash From Operating Activities -$49.24K -$34.58K -$31.37K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Concentration Risk Credit Risk
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.</p>
us-gaap Use Of Estimates
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
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ltum Consulting Fees Related Party
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Files In Submission

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0001640334-21-001916-index-headers.html Edgar Link pending
0001640334-21-001916-index.html Edgar Link pending
0001640334-21-001916.txt Edgar Link pending
0001640334-21-001916-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
ltum-20210630.xsd Edgar Link pending
ltum-20210630_cal.xml Edgar Link unprocessable
ltum-20210630_def.xml Edgar Link unprocessable
ltum-20210630_lab.xml Edgar Link unprocessable
ltum-20210630_pre.xml Edgar Link unprocessable
ltum_10q.htm Edgar Link pending
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ltum_ex311.htm Edgar Link pending
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