v3.25.4
ACCOUNTING IMPACTS ARISING FROM THE MERGER WITH APOLLO (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
SCHEDULE OF MERGER CONSOLIDATED BALANCE SHEET

The table below presents the consolidated balance sheet of the Company in the effective date of the merger and the accounting impacts arising from the recognition of the net assets of Apollo at their historical carrying value, as required by ASC 805-50 for common-control transactions:

 

   Consolidated   Merged   Consolidated 
   pre-merger   entity   post-merger 
             
ASSETS               
Current assets:               
Cash and cash equivalents   16,648    2,857    19,505 
Accounts Receivable   35,082    -    35,082 
Taxes recoverable   -    26    26 
Inventory   206,510    -    206,510 
                
Other current assets   8,684    22,565    31,249 
Total current assets   266,924    25,448    292,372 
                
Property and equipment, net   336,120    1,273,827    1,609,947 
Intangible assets, net   -    -    - 
Total assets   603,044    1,299,275    1,902,319 
                
LIABILITIES AND STOCKHOLDERS’ DEFICIT               
Current liabilities:               
Accounts payable and accrued expenses   49,468    24,215    73,683 
Related party transactions   279,816    481,815    761,631 
Other current liabilities   1,757    6,561    8,318 
Total current liabilities   331,041    512,591    843,632 
                
Non Current liabilities:               
Other non-current liabilities   4,685    13,718    18,403 
Total current liabilities   4,685    13,718    18,403 
                
Total liabilities   335,726    526,309    862,035 
                
Total stockholders’ equity   267,318    772,966    1,040,284 
Total liabilities and stockholders’ equity   603,044    1,299,275    1,902,319 

 

 

The table below presents the balance sheet of Atlas Critical Minerals including the acquired assets and assumed liabilities as if the acquisition had occurred in the beginning of the period, compared to the consolidated balance sheet as of December 31, 2024:

 

ATLAS CRITICAL MINERALS CORPORATION

CONSOLIDATED BALANCE SHEETS

 

   ATLAS CRITICAL MINERALS CORP
December 31,		   APOLLO RESOURCES CORP
December 31,		   INTRAGROUP   PRO- FORMA CONSOLIDATED
December 31,		   ATLAS CRITICAL MINERALS CORP
December 31,		 
   2023   2023   TRANSACTIONS   2023   2024 
                     
ASSETS                         
Current assets:                         
Cash and cash equivalents  $92,813   $5,973   $-   $98,786   $396,216 
Accounts Receivable   -    -    -    -    47,682 
Taxes recoverable   -    -    -    -    26 
Inventory   -    -    -    -    171,726 
Related party transactions   -    674,461    674,461    -    - 
Other current assets   3,621    30,147    -    33,768    47,772 
Total current assets   96,434    710,581    674,461    132,554    663,422 
Property and equipment, net   320,700    1,059,862    -    1,380,562    1,717,488 
Total assets   417,134    1,770,443    674,461    1,513,116    2,380,910 
                          
LIABILITIES AND STOCKHOLDERS’ DEFICIT                         
Current liabilities:                         
Accounts payable  $59,009   $22,601   $-   $81,610   $346,346 
Related party transactions   674,461    -    674,461    -    872,942 
Other current liabilities   648    40,951    -    41,599    8,083 
Total current liabilities   734,118    63,552    674,461    123,209    1,227,371 
                          
Non Current liabilities:                         
Other non-current liabilities   4,729    53,849    -    58,578    33,961 
Total current liabilities   4,729    53,849    -    58,578    33,961 
                          
Total liabilities   738,847    117,401    674,461    181,787    1,261,332 
                          
Total stockholders’ equity   (321,713)   1,653,042    -    1,331,329    1,119,578 
Total liabilities and stockholders’ equity   417,134    1,770,443    674,461    1,513,116    2,380,910