Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 82

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 82
---

  Cash flows from operating activities of continuing operations:                                                                                                       
  Net loss                                                                     $                            ( 1,030,574      $                            ( 1,203,473  
  Adjustments to reconcile net loss to cash used in operating activities:                                                                                              
  Stock based compensation and services                                        $                                197,805      $                                331,858  
  Depreciation and amortization                                                $                                      -      $                                  1,630  
  Impairment losses                                                            $                                  1,474      $                                  6,101  
  Write off of tax recoverable                                                 $                                      -      $                                 17,654  
  Changes in operating assets and liabilities:                                                                                                                         
  Accounts payable and accrued expenses                                        $                              ( 442,101      $                              ( 218,802  
  Accounts receivable and other assets                                         $                               ( 10,748      $                                  2,465  
  Net cash used in operating activities                                        $                            ( 1,284,144      $                            ( 1,062,567  
  Cash flows from investing activities:                                                                                                                                
  Acquisition of capital assets                                                $                               ( 39,488      $                                      -  
  Net cash used in investing activities                                        $                               ( 39,488      $                                      -  
  Cash flows from financing activities:                                                                                                                                
  Net proceeds from sale of common stock                                       $                                      -      $                                525,000  
  Related party transaction                                                                                   1,324,296                                       397,215  
  Net cash provided by financing activities                                    $                              1,324,296      $                                922,215  
  Effect of exchange rates on cash and cash equivalents                        $                                    111      $                                  1,293  
  Net increase (decrease) in cash and cash equivalents                         $                                    775      $                              ( 139,059  
  Cash and cash equivalents at beginning of period                             $                                  5,198      $                                144,257  
  Cash and cash equivalents at end of period                                   $                                  5,973      $                                  5,198  

The
accompanying notes are an integral part of the consolidated financial statements.

  F-22  

APOLLO
RESOURCES CORPORATION

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE
1 - ORGANIZATION, BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization
and Description of Business

On
August 21, 202