v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 35,935,104 $ 15,537,476
Trade receivable 28,539 47,682
Inventories 505,307 492,812
Taxes recoverable 1,041,306 29,431
Derivative assets 219,556
Prepaid and other current assets 146,620 134,983
Total current assets 37,876,432 16,242,384
Taxes recoverable 673,545 1,704,994
Property and equipment, net 47,959,905 38,855,071
Intangible assets, net 309,258 399,773
Right of use assets - operating leases, net 623,104 499,605
Other assets 255,208 152,781
Total assets 87,697,452 57,854,608
Current liabilities:    
Accounts payable and accrued expenses 4,498,525 5,001,664
Derivative liabilities 21,579 462,638
Convertible Debt 9,993,699 81,918
Operating lease liabilities 286,876 134,300
Other current liabilities 8,828 8,084
Total current liabilities 14,809,507 5,688,604
Convertible Debt 9,807,883
Operating lease liabilities 331,425 312,918
Deferred consideration from royalties sold 20,000,000 20,000,000
Other noncurrent liabilities 27,240 33,962
Total liabilities 35,168,172 35,843,367
Stockholders’ Equity:    
Series A preferred stock, $0.001 par value. 1 share authorized; 1 share issued and outstanding as of December 31, 2025 and December 31, 2024 1 1
Common stock, $0.001 par value. 200,000,000 and 200,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively and 26,968,501 and 16,014,742 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 26,969 16,015
Additional paid-in capital 223,411,482 166,110,916
Accumulated other comprehensive loss (141,940) (179,990)
Cumulative Adjustment of the Valuation of Fin. Instruments 224,905 (278,820)
Accumulated deficit (171,570,902) (144,410,340)
Total Atlas Lithium Co. stockholders’ equity 51,950,515 21,257,782
Non-controlling interest 578,765 753,459
Total stockholders’ equity 52,529,280 22,011,241
Total liabilities and stockholders’ equity $ 87,697,452 $ 57,854,608