$LTUM
Lithium Corp

2023 Q2 Form 10-K Financial Statement

#000164033423000651 Filed on April 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $119.0K $106.1K $1.067M
YoY Change -85.23% 82.08% 31.8%
% of Gross Profit
Research & Development $4.800K $66.14K $160.0K
YoY Change -92.66% 5233.87% 247.84%
% of Gross Profit
Depreciation & Amortization $1.833K $1.830K $7.332K
YoY Change 0.0%
% of Gross Profit
Operating Expenses $125.6K $174.1K $1.235M
YoY Change -85.61% 192.51% 44.27%
Operating Profit -$125.6K -$1.235M
YoY Change -85.61% 44.27%
Interest Expense -$43.97K -$196.3K -$258.7K
YoY Change -89.02% -80.12% -73.8%
% of Operating Profit
Other Income/Expense, Net -$25.28K $10.28K -$188.9K
YoY Change -93.37% -79.44% -78.76%
Pretax Income -$150.9K -$360.1K -$1.424M
YoY Change -87.97% -63.88% -18.44%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$150.9K -$360.1K -$1.424M
YoY Change -87.97% -63.88% -18.44%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 115.9M shares 112.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.872M $3.950M $3.951M
YoY Change 21.01% 49.81% 49.8%
Cash & Equivalents $3.659M $3.577M
Short-Term Investments $212.2K $373.0K $373.7K
Other Short-Term Assets $18.76K $37.83K $37.83K
YoY Change 7.69% 73.53% 73.53%
Inventory
Prepaid Expenses $18.76K $37.83K
Receivables
Other Receivables
Total Short-Term Assets $3.891M $3.988M $3.988M
YoY Change 20.94% 49.99% 49.99%
LONG-TERM ASSETS
Property, Plant & Equipment $24.65K $28.32K $28.32K
YoY Change -22.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $24.65K $28.32K $28.31K
YoY Change -22.92%
TOTAL ASSETS
Total Short-Term Assets $3.891M $3.988M $3.988M
Total Long-Term Assets $24.65K $28.32K $28.31K
Total Assets $3.916M $4.017M $4.017M
YoY Change 20.5% 51.06% 51.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.50K $31.32K $31.32K
YoY Change -20.34% 49.43% 49.43%
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 $2.025M $2.031M $2.031M
YoY Change 20.67% 26.76% 26.76%
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 $2.025M $2.031M $2.031M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.025M $2.031M $2.031M
YoY Change 20.67% 26.76% 26.76%
SHAREHOLDERS EQUITY
Retained Earnings -$8.375M -$7.956M
YoY Change 11.79% 21.79%
Common Stock $116.1K $113.7K
YoY Change 8.4% 9.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.891M $1.986M $1.986M
YoY Change
Total Liabilities & Shareholders Equity $3.916M $4.017M $4.017M
YoY Change 20.5% 51.06% 51.06%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$150.9K -$360.1K -$1.424M
YoY Change -87.97% -63.88% -18.44%
Depreciation, Depletion And Amortization $1.833K $1.830K $7.332K
YoY Change 0.0%
Cash From Operating Activities -$105.3K -$169.9K -$466.5K
YoY Change -23.49% 442.94% 436.82%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $35.65K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $15.08K $14.97K $180.0K
YoY Change -76.8% -85.03% -10.02%
Cash From Investing Activities $15.08K $14.97K $144.3K
YoY Change -76.8% -85.03% -27.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.656M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 19.20K 307.2K $1.656M
YoY Change -95.67% 8.94% -19.38%
NET CHANGE
Cash From Operating Activities -105.3K -169.9K -$466.5K
Cash From Investing Activities 15.08K 14.97K $144.3K
Cash From Financing Activities 19.20K 307.2K $1.656M
Net Change In Cash -70.99K 152.2K $1.334M
YoY Change -119.15% -56.59% -35.0%
FREE CASH FLOW
Cash From Operating Activities -$105.3K -$169.9K -$466.5K
Capital Expenditures $0.00 $0.00 $35.65K
Free Cash Flow -$105.3K -$169.9K -$502.2K
YoY Change -23.49% 477.84%

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