v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 36,092,613 $ 35,935,104
Accounts receivable 28,539
Inventories 518,905 505,307
Taxes recoverable 361,741 1,041,306
Derivative assets 405,600 219,556
Prepaid and other current assets 38,479 146,620
Total current assets 37,417,338 37,876,432
Taxes recoverable 669,942 673,545
Property and equipment, net 49,985,099 47,959,905
Intangible assets, net 264,001 309,258
Right of use assets - operating leases, net 548,418 623,104
Other assets 463,639 255,208
Total assets 89,348,437 87,697,452
Current liabilities:    
Accounts payable and accrued expenses 4,976,464 4,498,525
Derivative liabilities 314 21,579
Convertible debt 10,045,219 9,993,699
Operating lease liabilities 349,885 286,876
Other current liabilities 9,857 8,828
Total current liabilities 15,381,739 14,809,507
Operating lease liabilities 234,211 331,425
Deferred consideration from royalties sold 20,000,000 20,000,000
Other noncurrent liabilities 24,729 27,240
Total liabilities 35,640,679 35,168,172
Stockholders’ equity:    
Series A preferred stock, $0.001 par value. 1 shares authorized; 1 share issued and outstanding as of June 30, 2026 and December 31, 2025 1 1
Common stock, $0.001 par value. 200,000,000 and 200,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively and 30,062,617 and 26,968,501 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 30,063 26,969
Additional paid-in capital 240,486,076 223,411,482
Accumulated other comprehensive loss (102,125) (141,940)
Cumulative adjustment of the valuation of fin. instruments 358,018 224,905
Accumulated deficit (193,335,227) (171,570,902)
Total Atlas Lithium Co. stockholders’ equity 47,436,806 51,950,515
Noncontrolling interest 6,270,952 578,765
Total stockholders’ equity 53,707,758 52,529,280
Total liabilities and stockholders’ equity $ 89,348,437 $ 87,697,452