$LTUM
Lithium Corp Stock $ltum

$ltum Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000164033423001607 Filed on August 18, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$131.5K	$119.0K
YoY Change	61.12%	-85.23%
% of Gross Profit
Research & Development	$34.88K	$4.800K
YoY Change	162.06%	-92.66%
% of Gross Profit
Depreciation & Amortization	$1.833K	$1.833K
YoY Change	0.0%	0.0%
% of Gross Profit
Operating Expenses	$168.2K	$125.6K
YoY Change	73.83%	-85.61%
Operating Profit	-$168.2K	-$125.6K
YoY Change	73.83%	-85.61%
Interest Expense	-$22.66K	-$43.97K
YoY Change	207.05%	-89.02%
% of Operating Profit
Other Income/Expense, Net	-$3.608K	-$25.28K
YoY Change	-51.12%	-93.37%
Pretax Income	-$171.8K	-$150.9K
YoY Change	64.98%	-87.97%
Income Tax	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$171.8K	-$150.9K
YoY Change	64.98%	-87.97%
Net Earnings / Revenue
Basic Earnings Per Share	$0.00
Diluted Earnings Per Share	$0.00	$0.00
COMMON SHARES
Basic Shares Outstanding	116.3M shares	115.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.097M	$3.872M
YoY Change	2.18%	21.01%
Cash & Equivalents	$3.739M	$3.659M
Short-Term Investments	$357.6K	$212.2K
Other Short-Term Assets	$6.950K	$18.76K
YoY Change	-78.05%	7.69%
Inventory
Prepaid Expenses	$6.945K	$18.76K
Receivables
Other Receivables
Total Short-Term Assets	$4.104M	$3.891M
YoY Change	1.56%	20.94%
LONG-TERM ASSETS
Property, Plant & Equipment	$22.82K	$24.65K
YoY Change	-24.32%	-22.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$22.82K	$24.65K
YoY Change	-24.32%	-22.92%
TOTAL ASSETS
Total Short-Term Assets	$4.104M	$3.891M
Total Long-Term Assets	$22.82K	$24.65K
Total Assets	$4.127M	$3.916M
YoY Change	1.36%	20.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$36.17K	$25.50K
YoY Change	8.33%	-20.34%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.328M	$2.025M
YoY Change	14.55%	20.67%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.328M	$2.025M
Total Long-Term Liabilities	$0.00	$0.00
Total Liabilities	$2.328M	$2.025M
YoY Change	14.55%	20.67%
SHAREHOLDERS EQUITY
Retained Earnings	-$8.547M	-$8.375M
YoY Change	12.52%	11.79%
Common Stock	$117.1K	$116.1K
YoY Change	5.78%	8.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.799M	$1.891M
YoY Change
Total Liabilities & Shareholders Equity	$4.127M	$3.916M
YoY Change	1.36%	20.5%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	-$171.8K	-$150.9K
YoY Change	64.98%	-87.97%
Depreciation, Depletion And Amortization	$1.833K	$1.833K
YoY Change	0.0%	0.0%
Cash From Operating Activities	-$124.9K	-$105.3K
YoY Change	15.8%	-23.49%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$125.0K	$15.08K
YoY Change	25.0%	-76.8%
Cash From Investing Activities	$125.0K	$15.08K
YoY Change	25.0%	-76.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	79.68K	19.20K
YoY Change	-86.06%	-95.67%
NET CHANGE
Cash From Operating Activities	-124.9K	-105.3K
Cash From Investing Activities	125.0K	15.08K
Cash From Financing Activities	79.68K	19.20K
Net Change In Cash	79.82K	-70.99K
YoY Change	-85.84%	-119.15%
FREE CASH FLOW
Cash From Operating Activities	-$124.9K	-$105.3K
Capital Expenditures	$0.00	$0.00
Free Cash Flow	-$124.9K	-$105.3K
YoY Change	15.8%	-23.49%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q4	us-gaap	Liabilities Liabilities	2030680	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	113693	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	8571524	usd
CY2022Q4	ltum	Additional Paid In Capital Warrants AdditionalPaidInCapitalWarrants	369115	usd
	us-gaap	Revenues Revenues	0	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	5598	usd
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	113692441	shares
CY2022Q4	ltum	Additional Paid In Capital Options AdditionalPaidInCapitalOptions	887910	usd
	us-gaap	Professional Fees ProfessionalFees	42313	usd
	us-gaap	Depreciation Depreciation	3666	usd
CY2023Q2	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	0	usd
CY2022Q2	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	3078	usd
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	3779	usd
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	9297	usd
CY2023Q2	us-gaap	Exploration Expense ExplorationExpense	4798	usd
	us-gaap	Exploration Expense ExplorationExpense	4798	usd
	us-gaap	Exploration Expense ExplorationExpense	71221	usd
CY2023Q2	ltum	Consulting Fees Related Party ConsultingFeesRelatedParty	68000	usd
CY2022Q2	ltum	Consulting Fees Related Party ConsultingFeesRelatedParty	367967	usd
	ltum	Consulting Fees Related Party ConsultingFeesRelatedParty	169984	usd
	ltum	Consulting Fees Related Party ConsultingFeesRelatedParty	412967	usd
CY2023Q2	ltum	Consulting Fees ConsultingFees	12800	usd
CY2022Q2	ltum	Consulting Fees ConsultingFees	384480	usd
	ltum	Consulting Fees ConsultingFees	65953	usd
CY2022Q2	ltum	Transfer Agent And Filing Fees TransferAgentAndFilingFees	10634	usd
	ltum	Transfer Agent And Filing Fees TransferAgentAndFilingFees	13198	usd
	ltum	Transfer Agent And Filing Fees TransferAgentAndFilingFees	17227	usd
CY2023Q2	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	1511	usd
CY2022Q2	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	3692	usd
	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	2596	usd
	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	6825	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	7868	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	6579	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	21034	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10528	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2030680	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-7956189	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1986053	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4016733	usd
CY2022Q4	ltum	Accounts Payable And Accrued Liabilities Related Party AccountsPayableAndAccruedLiabilitiesRelatedParty	25718	usd
	dei	Entity Central Index Key EntityCentralIndexKey	0001415332
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	3000000000	shares
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	0	shares
	ltum	Share Based Compensation Arrangement By Share Based Payment Award Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantsInPeriodGross	0	shares
	ltum	Options Repricing OptionsRepricing	0	shares
	ltum	Options Repricing OptionsRepricing	0	shares
CY2022Q2	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	1600000	shares
CY2023Q2	ltum	Stock Option Compensation Expenses StockOptionCompensationExpenses	0	usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	000-54332
	dei	Entity Registrant Name EntityRegistrantName	LITHIUM CORPORATION
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	98-0530295
	dei	Entity Address Address Line1 EntityAddressAddressLine1	1031 Railroad St. Ste
	dei	Entity Address Address Line2 EntityAddressAddressLine2	102B
	dei	Entity Address City Or Town EntityAddressCityOrTown	Elko
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NV
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	89801
	dei	City Area Code CityAreaCode	775
	dei	Local Phone Number LocalPhoneNumber	410-5287
	dei	Security12b Title Security12bTitle	Common Stock
	dei	Trading Symbol TradingSymbol	LTUM
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2023Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	116292441	shares
CY2022Q4	ltum	Allowance For Optioned Properties AllowanceForOptionedProperties	1999364	usd
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	3000000000	shares
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q2	us-gaap	Exploration Expense ExplorationExpense	62355	usd
	ltum	Consulting Fees ConsultingFees	389730	usd
CY2023Q2	ltum	Transfer Agent And Filing Fees TransferAgentAndFilingFees	4812	usd
CY2023Q2	ltum	Writedown Of Mineral Property WritedownOfMineralProperty	0	usd
CY2022Q2	ltum	Writedown Of Mineral Property WritedownOfMineralProperty	0	usd
	ltum	Writedown Of Mineral Property WritedownOfMineralProperty	0	usd
	ltum	Writedown Of Mineral Property WritedownOfMineralProperty	0	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	125645	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	873049	usd
	us-gaap	Operating Expenses OperatingExpenses	320534	usd
	us-gaap	Operating Expenses OperatingExpenses	963774	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-125645	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-873049	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-320534	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-963774	usd
CY2023Q2	ltum	Change In Fair Value Of Marketable Securities ChangeInFairValueOfMarketableSecurities	-49773	usd
CY2022Q2	ltum	Change In Fair Value Of Marketable Securities ChangeInFairValueOfMarketableSecurities	-400605	usd
	ltum	Change In Fair Value Of Marketable Securities ChangeInFairValueOfMarketableSecurities	-151448	usd
	ltum	Change In Fair Value Of Marketable Securities ChangeInFairValueOfMarketableSecurities	-55005	usd
	us-gaap	Other Income OtherIncome	59500	usd
CY2023Q2	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	5805	usd
CY2022Q2	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	0	usd
	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	5805	usd
	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	0	usd
CY2023Q2	us-gaap	Other Nonoperating Asset Related Income OtherNonoperatingAssetRelatedIncome	0	usd
CY2022Q2	us-gaap	Other Nonoperating Asset Related Income OtherNonoperatingAssetRelatedIncome	0	usd
	us-gaap	Other Nonoperating Asset Related Income OtherNonoperatingAssetRelatedIncome	10000	usd
	us-gaap	Other Nonoperating Asset Related Income OtherNonoperatingAssetRelatedIncome	0	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-25280	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-381105	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-98567	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	4495	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-150925	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1254154	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-419101	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-959279	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-150925	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-1254154	usd
	us-gaap	Net Income Loss NetIncomeLoss	-419101	usd
	us-gaap	Net Income Loss NetIncomeLoss	-959279	usd
CY2023Q2	ltum	Net Loss Per Share Basic And Diluted NetLossPerShareBasicAndDiluted	-0.00
CY2022Q2	ltum	Net Loss Per Share Basic And Diluted NetLossPerShareBasicAndDiluted	-0.01
	ltum	Net Loss Per Share Basic And Diluted NetLossPerShareBasicAndDiluted	-0.00
CY2023Q2	ltum	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	115907826	shares
CY2022Q2	ltum	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	105861672	shares
	ltum	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	115176419	shares
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	1057180	usd
CY2022Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	334000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	294875	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	1686055	usd
CY2022Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	443200	usd
CY2022Q2	us-gaap	Share Based Compensation ShareBasedCompensation	696397	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-1254154	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	1571498	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1986053	usd
CY2023Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	235400	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	69337	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-268176	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	2022614	usd
CY2023Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	19200	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-150925	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1890889	usd
	us-gaap	Profit Loss ProfitLoss	-419101	usd
	us-gaap	Profit Loss ProfitLoss	-959279	usd
	ltum	Change In Fair Values Of Marketable Securities ChangeInFairValuesOfMarketableSecurities	151448	usd
	ltum	Change In Fair Values Of Marketable Securities ChangeInFairValuesOfMarketableSecurities	55005	usd
	us-gaap	Depreciation Depreciation	3666	usd
	us-gaap	Depreciation Depreciation	3666	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	69337	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	696397	usd
	ltum	Gain On Sale Of Marketable Securities GainOnSaleOfMarketableSecurities	-5805	usd
	ltum	Gain On Sale Of Marketable Securities GainOnSaleOfMarketableSecurities	0	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	19076	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	4385	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-5818	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	11057	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-187197	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-188769	usd
	ltum	Cash From Property Agreements CashFromPropertyAgreements	0	usd
	ltum	Cash From Property Agreements CashFromPropertyAgreements	-65000	usd
	us-gaap	Increase Decrease In Marketable Securities Restricted IncreaseDecreaseInMarketableSecuritiesRestricted	-15082	usd
	us-gaap	Increase Decrease In Marketable Securities Restricted IncreaseDecreaseInMarketableSecuritiesRestricted	0	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	0	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	35650	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	15082	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	29350	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	254600	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	777200	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	254600	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	777200	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	82485	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	617781	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3576911	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2243121	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3659396	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2860902	usd
	us-gaap	Interest Paid Net InterestPaidNet	0	usd
	us-gaap	Interest Paid Net InterestPaidNet	0	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
	ltum	Marketable Securities Received As Consideration For Mineral Property Option MarketableSecuritiesReceivedAsConsiderationForMineralPropertyOption	0	usd
	ltum	Marketable Securities Received As Consideration For Mineral Property Option MarketableSecuritiesReceivedAsConsiderationForMineralPropertyOption	0	usd
	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	5805	usd
CY2022Q2	ltum	Weighted Average Exercise Price Outstanding End Of Year WeightedAverageExercisePriceOutstandingEndOfYear	0.22
	ltum	Weighted Average Exercise Price Repricing WeightedAverageExercisePriceRepricing	-0.12
	ltum	Weighted Average Exercise Price Repricing WeightedAverageExercisePriceRepricing	0
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; 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 UseOfEstimates	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; 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. Such estimates include the useful life of equipment and inputs related to the calculation of the fair value of stock options. Actual results could differ from those estimates.</p>
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-187197	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-188769	usd
CY2022Q4	us-gaap	Marketable Securities MarketableSecurities	372972	usd
	us-gaap	Assets Fair Value Adjustment AssetsFairValueAdjustment	-151448	usd
	ltum	Disposals To Marketable Securities DisposalsToMarketableSecurities	-9277	usd
CY2023Q2	us-gaap	Marketable Securities MarketableSecurities	212247	usd
	ltum	Disposals To Marketable Securities DisposalsToMarketableSecurities	-9277	usd
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	15083	usd
CY2023Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	4500	usd
CY2022Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	4500	usd
CY2023Q2	us-gaap	Prepaid Expense Other Noncurrent PrepaidExpenseOtherNoncurrent	7269	usd
CY2022Q4	us-gaap	Prepaid Expense Other Noncurrent PrepaidExpenseOtherNoncurrent	14918	usd
CY2023Q2	ltum	Transfer Agent Fees TransferAgentFees	6987	usd
CY2022Q4	ltum	Transfer Agent Fees TransferAgentFees	18413	usd
CY2023Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	18756	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	37832	usd
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	3000000000	shares
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022	ltum	Stock Issued During Period Shares StockIssuedDuringPeriodShares	10200000	shares
CY2022	ltum	Stock Issued During Period Amount StockIssuedDuringPeriodAmount	1656000	usd
	ltum	Stock Issued During Period Shares StockIssuedDuringPeriodShares	2400000	shares
	ltum	Stock Issued During Period Amount StockIssuedDuringPeriodAmount	254600	usd
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	3700000	shares
CY2022Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P5Y
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	69337	usd
	ltum	Risk Free Interest Rate RiskFreeInterestRate	0.0358	pure
	ltum	Stock Expected Dividend Yield StockExpectedDividendYield	0	pure
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3700000	shares
	ltum	Weighted Average Grant Date Fair Value Granted WeightedAverageGrantDateFairValueGranted	0.22
CY2021Q4	ltum	Weighted Average Exercise Price Outstanding Beginning Of Year WeightedAverageExercisePriceOutstandingBeginningOfYear	0
	ltum	Weighted Average Grant Date Fair Value Granted WeightedAverageGrantDateFairValueGranted	0
	ltum	Share Based Compensation Arrangement By Share Based Payment Award Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantsInPeriodGross	3700000	shares
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3700000	shares
CY2023Q2	ltum	Weighted Average Exercise Price Outstanding End Of Year WeightedAverageExercisePriceOutstandingEndOfYear	0.10
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3700000	shares
CY2022Q4	ltum	Weighted Average Exercise Price Outstanding Beginning Of Year WeightedAverageExercisePriceOutstandingBeginningOfYear	0.22
CY2023Q2	ltum	Intrinsic Value Of The Stock Options IntrinsicValueOfTheStockOptions	0	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	69337	usd
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	777200	usd
CY2021Q2	ltum	Companypaid Companypaid	250000	shares
CY2021Q2	us-gaap	Stock Issued During Period Shares Acquisitions StockIssuedDuringPeriodSharesAcquisitions	28176951	shares
CY2023Q2	ltum	Amount Paid On Signing Loi AmountPaidOnSigningLoi	250000	usd
CY2023Q2	ltum	Common Stock Shares Issue CommonStockSharesIssue	35226951	shares
CY2023Q2	ltum	Expenditure In Exploration ExpenditureInExploration	1706407	usd
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	191697	usd
CY2023Q2	ltum	Consulting Fees Related Party1 ConsultingFeesRelatedParty1	68000	usd
	ltum	Consulting Fees Related Party1 ConsultingFeesRelatedParty1	140000	usd
CY2022Q2	ltum	Consulting Fees Related Party1 ConsultingFeesRelatedParty1	45000	usd
	ltum	Consulting Fees Related Party1 ConsultingFeesRelatedParty1	90000	usd
	ltum	Stock Option Compensation Expenses StockOptionCompensationExpenses	29984	usd
	ltum	Stock Option Compensation Expenses StockOptionCompensationExpenses	322966	usd
CY2022Q2	ltum	Stock Option Compensation Expenses StockOptionCompensationExpenses	322966	usd
CY2023Q2	ltum	Exploration Cost ExplorationCost	0	usd
	ltum	Exploration Cost ExplorationCost	3779	usd
CY2022Q2	ltum	Exploration Cost ExplorationCost	3078	usd
	ltum	Exploration Cost ExplorationCost	9297	usd
CY2023Q2	ltum	Rent Fees RentFees	1500	usd
	ltum	Rent Fees RentFees	3000	usd
CY2022Q2	ltum	Rent Fees RentFees	1500	usd
	ltum	Rent Fees RentFees	3000	usd
CY2023Q2	ltum	Due From Related Parties Amount DueFromRelatedPartiesAmount	20811	usd
CY2022Q4	ltum	Due From Related Parties Amount DueFromRelatedPartiesAmount	25718	usd
CY2021Q3	ltum	Monthly Rental MonthlyRental	500	usd

Files In Submission

Name	View Source	Status
0001640334-23-001607-index-headers.html	Edgar Link	pending
0001640334-23-001607-index.html	Edgar Link	pending
0001640334-23-001607.txt	Edgar Link	pending
0001640334-23-001607-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
ltum-20230630.xsd	Edgar Link	pending
ltum-20230630_cal.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
ltum-20230630_def.xml	Edgar Link	unprocessable
ltum-20230630_lab.xml	Edgar Link	unprocessable
ltum_10q.htm	Edgar Link	pending
ltum_ex311.htm	Edgar Link	pending
ltum_ex321.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R12.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
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R38.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
ltum-20230630_pre.xml	Edgar Link	unprocessable
ltum_10q_htm.xml	Edgar Link	completed

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$LTUM
Lithium Corp Stock $ltum

2023 Q3 Form 10-Q Financial Statement

#000164033423001607 Filed on August 18, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LTUM Lithium Corp Stock $ltum

2023 Q3 Form 10-Q Financial Statement

#000164033423001607 Filed on August 18, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LTUM
Lithium Corp Stock $ltum