v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 13,864,963 $ 15,537,476
Accounts receivable 47,682
Inventories 445,250 492,812
Taxes recoverable 31,901 29,431
Derivative assets 427,222
Prepaid and other current assets 87,833 134,983
Total current assets 14,857,169 16,242,384
Taxes recoverable 2,160,833 1,704,994
Property and equipment, net 45,319,972 38,855,071
Intangible assets, net 354,516 399,773
Right of use assets - operating leases, net 444,008 499,605
Other assets 179,996 152,781
Total assets 63,316,494 57,854,608
Current liabilities:    
Accounts payable and accrued expenses 6,603,653 5,001,664
Derivative liabilities 18,420 462,638
Convertible Debt 81,918 81,918
Operating lease liabilities 168,667 134,300
Other current liabilities 9,238 8,084
Total current liabilities 6,881,896 5,688,604
Convertible Debt 9,859,405 9,807,883
Operating lease liabilities 300,452 312,918
Deferred consideration from royalties sold 20,000,000 20,000,000
Other noncurrent liabilities 31,425 33,962
Total liabilities 37,073,178 35,843,367
Stockholders’ Equity:    
Series A preferred stock, $0.001 par value. 1 shares authorized; 1 share issued and outstanding as of June 30, 2025 and December 31, 2024 1 1
Common stock, $0.001 par value. 200,000,000 and 200,000,000 shares authorized as of June 30, 2025 and December 31, 2024, respectively and 18,842,286 and 16,014,742 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 18,842 16,015
Additional paid-in capital 183,186,939 166,110,916
Accumulated other comprehensive loss (148,976) (179,990)
Cumulative Adjustment of the Valuation of Fin. Instruments 427,428 (278,820)
Accumulated deficit (158,474,836) (144,410,340)
Total Atlas Lithium Co. stockholders’ equity 25,009,398 21,257,782
Non-controlling interest 1,233,918 753,459
Total stockholders’ equity 26,243,316 22,011,241
Total liabilities and stockholders’ equity $ 63,316,494 $ 57,854,608