Snow Lake Resources (LITM) Financial Statements

Price: $0.4928
Market Cap: $45.88M
Avg Volume: 23.59M
Country: CA
Industry: Industrial Materials
Sector: Basic Materials
Beta: 0.735
52W Range: $0.152-1.88
Website: Snow Lake Resources

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Snow Lake Resources.


Income Statement

Breakdown June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019
Revenue $- $- $- $- $-
Cost of Revenue $2.64K $- $- $- $-
Gross Profit $-2.64K $- $- $- $-
Gross Profit Ratio 0.00% 0.00% 0.00% 0.00% 0.00%
Research and Development Expenses $12.00K $33.73K $- $- $-
General and Administrative Expenses $12.19M $10.80M $439.97K $244.69K $1.53M
Selling and Marketing Expenses $3.80M $- $- $- $-
Selling General and Administrative Expenses $15.99M $10.80M $439.97K $244.69K $1.53M
Other Expenses $- $-109.75K $-2.54K $71.25K $-34.98K
Operating Expenses $16.01M $10.73M $439.97K $244.69K $1.53M
Cost and Expenses $16.01M $10.73M $439.97K $244.69K $1.53M
Interest Income $2 $224 $154 $- $-
Interest Expense $15.42K $177.22K $142.35K $2.67K $3.09K
Depreciation and Amortization $2.64K $10.60M $417.72K $240.81K $1.53M
EBITDA $-16.01M $- $- $- $-1.53M
EBITDA Ratio 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Income $-16.01M $-12.24M $-442.51K $-173.45K $-1.53M
Operating Income Ratio 0.00% 0.00% 0.00% 0.00% 0.00%
Total Other Income Expenses Net $542.66K $1.15M $-134.71K $58.69K $-1.83K
Income Before Tax $-15.46M $-9.45M $-552.44K $-182.12K $-1.53M
Income Before Tax Ratio 0.00% 0.00% 0.00% 0.00% 0.00%
Income Tax Expense $- $-1.46M $139.80K $73.92K $-1.26K
Net Income $-15.38M $-7.99M $-692.24K $-256.03K $-1.53M
Net Income Ratio 0.00% 0.00% 0.00% 0.00% 0.00%
EPS $-0.86 $-0.50 $-0.05 $-0.02 $-0.12
EPS Diluted $-0.86 $-0.50 $-0.05 $-0.02 $-0.12
Weighted Average Shares Outstanding 18.03M 15.88M 13.01M 13.01M 13.01M
Weighted Average Shares Outstanding Diluted 18.03M 15.88M 13.01M 13.01M 13.01M
SEC Filing Source Source Source Source Source

Balance Sheet

Breakdown June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019
Cash and Cash Equivalents $2.53M $3.84M $23.79M $318.84K $143.09K $599.00K
Short Term Investments $- $- $- $- $- $-
Cash and Short Term Investments $2.53M $3.84M $23.79M $318.84K $143.09K $599.00K
Net Receivables $40.69K $- $- $- $10.60K $26.63K
Inventory $- $- $- $67.89K $783 $18.11K
Other Current Assets $706.63K $883.87K $483.28K $67.97K $794 $18.15K
Total Current Assets $3.27M $4.92M $25.03M $397.46K $154.48K $643.78K
Property Plant Equipment Net $26.64M $21.50M $12.08M $5.73M $5.40M $5.17M
Goodwill $- $- $- $- $- $-
Intangible Assets $- $- $- $- $- $-
Goodwill and Intangible Assets $- $- $- $- $- $-
Long Term Investments $- $- $- $- $- $-
Tax Assets $- $- $- $- $- $-
Other Non-Current Assets $- $- $-0 $-0 $-0 $-
Total Non-Current Assets $26.64M $21.50M $12.08M $5.73M $5.40M $5.17M
Other Assets $- $- $- $-0 $0 $-
Total Assets $29.92M $26.42M $37.11M $6.13M $5.55M $5.82M
Account Payables $470.17K $722.38K $568.07K $262.12K $138.09K $150.60K
Short Term Debt $31.11K $29.92K $201.16K $659.54K $205.65K $206.75K
Tax Payables $- $- $- $- $- $-
Deferred Revenue $- $- $- $43.24K $-218 $-
Other Current Liabilities $1.44M $2.31M $1.01M $409.91K $- $71.25K
Total Current Liabilities $1.94M $3.06M $1.78M $1.37M $343.73K $428.60K
Long Term Debt $- $31.11K $- $- $- $-
Deferred Revenue Non-Current $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $- $-
Other Non-Current Liabilities $2.48M $- $- $- $- $-
Total Non-Current Liabilities $2.48M $31.11K $1.38M $- $- $-
Other Liabilities $- $820.61K $-1.38M $- $- $-
Total Liabilities $4.42M $3.91M $1.78M $1.37M $343.73K $428.60K
Preferred Stock $- $- $- $- $- $-
Common Stock $50.13M $40.57M $39.73M $5.75M $5.75M $5.75M
Retained Earnings $-26.55M $-24.61M $-10.55M $-2.27M $-1.72M $-1.54M
Accumulated Other Comprehensive Income Loss $- $6.54M $6.14M $1.27M $1.18M $1.18M
Other Total Stockholders Equity $1.92M $820.61K $0 $- $- $-
Total Stockholders Equity $25.50M $23.32M $35.33M $4.75M $5.21M $5.39M
Total Equity $25.50M $23.32M $35.33M $4.75M $5.21M $5.39M
Total Liabilities and Stockholders Equity $29.92M $26.42M $37.11M $6.13M $5.55M $5.82M
Minority Interest $- $- $- $- $- $-
Total Liabilities and Total Equity $29.92M $26.42M $37.11M $6.13M $5.55M $5.82M
Total Investments $- $- $- $- $- $-
Total Debt $31.11K $61.03K $201.16K $659.54K $205.65K $206.75K
Net Debt $-2.50M $-3.78M $-23.59M $340.70K $62.56K $-392.25K

Cash Flow Statement

Breakdown June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019
Net Income $-6.85M $-15.46M $-9.45M $-552.44K $-182.12K $-1.53M
Depreciation and Amortization $31.68K $2.64K $- $- $- $-
Deferred Income Tax $- $- $- $- $- $-
Stock Based Compensation $953.85K $2.63K $8.04M $- $- $1.15M
Change in Working Capital $655.09K $156 $-775.10K $78.83K $-7.29K $139.98K
Accounts Receivables $150.79K $- $- $- $- $14
Inventory $- $- $- $- $- $-14
Accounts Payables $272.53K $- $552.25K $84.36K $-52.99K $108.21K
Other Working Capital $231.77K $156 $-1.33M $-5.53K $45.70K $31.77K
Other Non Cash Items $1.47M $5.16M $-912.92K $110.13K $-68.57K $-1.84K
Net Cash Provided by Operating Activities $-3.74M $-10.30M $-3.10M $-363.48K $-257.98K $-235.66K
Investments in Property Plant and Equipment $-4.48M $-9.46M $-5.98M $-270.65K $-196.93K $-312.20K
Acquisitions Net $- $- $- $- $- $-317.09K
Purchases of Investments $- $- $- $- $- $-
Sales Maturities of Investments $- $- $- $- $- $-
Other Investing Activities $- $- $-5.98B $- $- $-
Net Cash Used for Investing Activities $-4.48M $-9.46M $-5.98M $-270.65K $-196.93K $-629.29K
Debt Repayment $-35.83K $-204.52K $193.64K $805.00K $-1.11K $140.02K
Common Stock Issued $7.71M $- $34.99M $- $- $1.36M
Common Stock Repurchased $-546.48K $- $- $- $- $-
Dividends Paid $- $- $- $- $- $-
Other Financing Activities $-215.38K $13.21K $-2.63M $4.88K $113 $-40.01K
Net Cash Used Provided by Financing Activities $6.91M $-191.31K $32.55M $809.88K $-1.00K $1.46M
Effect of Forex Changes on Cash $- $- $- $- $- $-
Net Change in Cash $-1.31M $-19.95M $23.47M $175.75K $-455.91K $599.00K
Cash at End of Period $2.53M $3.84M $23.79M $318.84K $143.09K $599.00K
Cash at Beginning of Period $3.84M $23.79M $318.84K $143.09K $599.00K $-
Operating Cash Flow $-3.74M $-10.30M $-3.10M $-363.48K $-257.98K $-235.66K
Capital Expenditure $-4.48M $-9.46M $-5.98M $-270.65K $-196.93K $-312.20K
Free Cash Flow $-8.22M $-19.76M $-9.08M $-634.13K $-454.91K $-547.86K