Cover - USD ($) | 12 Months Ended | | |
Dec. 31, 2022 | Mar. 27, 2023 | Jun. 30, 2022 |
Cover [Abstract] | | | |
Document Type | 10-K/A | | |
Amendment Flag | true | | |
Amendment Description | This Amendment No. 1 on Form 10-K/A (this “Amendment”) amends and restates Item 11, as it pertains to Executive Compensation only, in Part III of the Annual Report on Form 10-K for the fiscal year ended December 31, 2022 of Atlas Lithium Corporation (“Atlas Lithium”, the “Company”, “we”, “us”, or “our” refer to Atlas Lithium Corporation and its consolidated subsidiaries) as filed with the U.S. Securities and Exchange Commission on March 30, 2023 (such filing, the “Initial Filing”). The purpose of this Amendment is to make the following changes in Item 11, Executive Compensation, in Part III of the Initial Filing: (i) reflect the cash portion of our Chief Executive Officer’s incentive compensation earned by our Chief Executive Officer pursuant to the terms of his amended and restated employment agreement in fiscal year 2022, which had not yet been determined by the board of directors (the “Board”) at the time of the Initial Filing; (ii) reclassify the cash portion of our Chief Executive Officer’s incentive compensation for fiscal year 2021 as “Non-Equity Incentive Plan Compensation” rather than a “Bonus” since no discretion was used for purposes of determining the amount of such compensation in 2021; (iii) correct a scrivener’s error relating to the year our Chief Executive Officer earned his incentive compensation in 2021; (iv) reclassify cash fees earned by our VP of Corporate Development as “All Other Compensation” rather than “Salary” since, under the terms of his Consulting Agreement, our VP of Corporate Development is not entitled to a salary; (v) enhance and clarify footnote disclosures relating to the such compensation arrangements in the footnotes to the summary compensation table, (vi) expand and enhance the disclosures provided in the section entitled “Narrative to Summary Compensation Table”; (vii) enhance and clarify the disclosures provided in the footnotes of the section entitled “Outstanding Equity Awards at Fiscal Year-End”; and (viii) correct typographical errors in the section entitled “Director Compensation” and clarify disclosures, including the conversion ratio of the Series D Convertible Preferred Stock in light of the reverse stock split effective December 22, 2022. This Amendment does not otherwise change or update any of the other disclosures set forth in the Initial Filing, including disclosures under the headings “Equity Compensation Plan” and “Delinquent Section 16(a) Reports” on page 62 of the Initial Filing, and does not otherwise reflect any events occurring after the date of the Initial Filing. All defined terms used but not defined herein shall have the meaning set forth in the Initial Filing. | | |
Document Annual Report | true | | |
Document Transition Report | false | | |
Document Period End Date | Dec. 31, 2022 | | |
Document Fiscal Period Focus | FY | | |
Document Fiscal Year Focus | 2022 | | |
Current Fiscal Year End Date | --12-31 | | |
Entity File Number | 000-55191 | | |
Entity Registrant Name | ATLAS LITHIUM CORPORATION | | |
Entity Central Index Key | 0001540684 | | |
Entity Tax Identification Number | 39-2078861 | | |
Entity Incorporation, State or Country Code | NV | | |
Entity Address, Address Line One | Rua Bahia, 2463 | | |
Entity Address, Address Line Two | Suite 205 | | |
Entity Address, City or Town | Belo Horizonte | | |
Entity Address, Country | BR | | |
Entity Address, Postal Zip Code | 30.160-012 | | |
City Area Code | +55 | | |
Local Phone Number | 11-3956-1109 | | |
Title of 12(b) Security | Common Stock, $0.001 par value | | |
Trading Symbol | ATLX | | |
Security Exchange Name | NASDAQ | | |
Entity Well-known Seasoned Issuer | No | | |
Entity Voluntary Filers | No | | |
Entity Current Reporting Status | Yes | | |
Entity Interactive Data Current | Yes | | |
Entity Filer Category | Non-accelerated Filer | | |
Entity Small Business | true | | |
Entity Emerging Growth Company | false | | |
Entity Shell Company | false | | |
Entity Public Float | | | $ 30,111,387 |
Entity Common Stock, Shares Outstanding | | 6,738,062 | |
Documents Incorporated By Reference | None | | |
ICFR Auditor Attestation Flag | false | | |
Auditor Firm ID | 5041 | | |
Auditor Name | BF Borgers CPA PC (PCAOB ID 5041) | | |
Auditor Location | Lakewood, CO | | |