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Private company

Lithium & Boron Technology, Inc.

American industrial inorganic chemicals company, incorporated in Nevada1

In its 2022 annual report the company says: “We are a boric acid manufacturing company in the PRC. We currently lease our facilities to our customers who source boron ore and produce boric acid for their needs. We have entered into a joint venture with Xi'an Jinzang Membrane Environmental Protection Technology Co., Ltd. (Xi’an Lithium Tech) who will provide us with the technology to produce battery grade lithium hydroxide and lithium carbonate.”26 It is headquartered in Qing Hai Prov., China.1

Last updated Oct 21, 2026.

Overview

  • IndustryIndustrial Inorganic Chemicals1
  • HeadquartersQing Hai Prov., China1
  • Incorporated inNV2
  • Business address60 East Ren-Min Road, Dachaidan Town, Xai Xi County, Qing Hai Prov., F4 8170002
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

22.0%Gross margin3
-71.3%Operating margin3
-68.0%Net margin3
-16.9%Revenue growth, 20213
$1.3MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue78¢$4.8M
  • Research and development3¢$162.8K
  • Other costs16¢$1.0M
  • Income tax3¢$182.7K

Out of $6.2M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

  • Capital spending15¢$228.3K
  • Kept or used elsewhere85¢$1.3M

Out of $1.6M of cash from operations.3

Financial statements

Revenue456783$6.2M in 2021+1571% since 2015
0$2.0M$4.0M$6.0M$8.0M2015: $369.0K$369.0K20152016: $94.3K$94.3K2016−74%2017: $7.3M$7.3M2017+7602%2018: $4.5M$4.5M2018−38%2019: $6.6M$6.6M2019+46%2020: $7.4M$7.4M2020+13%2021: $6.2M$6.2M2021−17%
Gross profit456783$1.4M in 2021
-$4.0M-$2.0M0$2.0M2015: -$3.3M-$3.3M20152016: -$870.1K-$870.1K2016−74%2017: $1.2M$1.2M20172018: $881.5K$881.5K2018−25%2019: $1.1M$1.1M2019+24%2020: $896.5K$896.5K2020−18%2021: $1.4M$1.4M2021+51%
Operating income45783-$4.4M in 2021−17% since 2015
-$6.0M-$4.0M-$2.0M0$2.0M2015: -$5.3M-$5.3M20152016: -$2.1M-$2.1M2016−61%2017: -$2.5M-$2.5M2017+18%2018: $331.7K$331.7K20182019: -$460.2K-$460.2K20192020: -$384.1K-$384.1K2020−17%2021: -$4.4M-$4.4M2021+1044%
Net income456783-$4.2M in 2021−90% since 2015
-$60.0M-$40.0M-$20.0M0$20.0M2015: -$43.1M-$43.1M20152016: -$8.4M-$8.4M2016−81%2017: $523.2K$523.2K20172018: $476.7K$476.7K2018−9%2019: $7.1M$7.1M2019+1391%2020: -$229.9K-$229.9K20202021: -$4.2M-$4.2M2021+1724%
Fiscal year2015201620172018201920202021
Revenue$369.0K4$94.3K5$7.3M6$4.5M7$6.6M8$7.4M8$6.2M3
Cost of revenue$3.7M4$05$05$5.1M7$5.6M8$6.7M3$4.8M3
Gross profit-$3.3M4-$870.1K5$1.2M6$881.5K7$1.1M8$896.5K3$1.4M3
Research and development$04$05$57.9K6$44.3K7$5517$5903$162.8K3
Operating expenses$5.8M3
Operating income-$5.3M4-$2.1M5-$2.5M5$331.7K7-$460.2K8-$384.1K3-$4.4M3
Interest$372.7K4$357.9K5$429.0K5
Income before tax-$4.2M3
Income tax$26.9K4-$13.2K5$92.3K6$84.1K7$127.2K8$94.3K3$182.7K3
Net income-$43.1M4-$8.4M5$523.2K6$476.7K7$7.1M8-$229.9K3-$4.2M3

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What it owns

What Lithium & Boron Technology, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$1.6M3 Dec 31, 2021$141.8K3 Dec 31, 2020+1044.4%
Property and equipment, before depreciation$4.0M3 Dec 31, 2021$3.7M3 Dec 31, 2020+8.6%
Accumulated depreciation$2.6M3 Dec 31, 2021$2.2M3 Dec 31, 2020+18.9%
Property and equipment, net$1.4M3 Dec 31, 2021$1.5M3 Dec 31, 2020−6.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.3M3 Dec 31, 2021$972.1K3 Dec 31, 2020+29.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$50.6K3 Dec 31, 2021$03 Dec 31, 2020
Accumulated amortization$8813 Dec 31, 2021$674.5K5 Sep 30, 2017−99.9%
Finite-lived intangibles, net$50.6K3 Dec 31, 2021$05 Sep 30, 2017

Inventory

ItemLatestA year beforeChange
Inventory, total$4.7K3 Dec 31, 2021$1.2M3 Dec 31, 2020−99.6%
Raw materials$4.0K3 Dec 31, 2021$275.4K3 Dec 31, 2020−98.5%
Finished goods$7323 Dec 31, 2021$904.0K3 Dec 31, 2020−99.9%

Leadership

Who has led Lithium & Boron Technology, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jason Schlombs2008
  2. Jimin Zhang2021–2022

President

  1. Jason Schlombs2008
  2. Oliver Bialowons2012–2014

Chief financial officer

  1. Jason Schlombs2008
  2. Zhijuan Gho2008
2010201520202025
Board members and other officers (11)

Former names

  • SMARTHEAT INC.Apr 24, 2008 to Oct 1, 20192
  • Pacific Goldrim Resources, Inc.Dec 22, 2006 to Apr 18, 20082

Timeline

  1. Nov 4, 20218-K Change in control; Executive or director change24
  2. Oct 6, 20218-K Change of auditor; Executive or director change25
  3. Feb 10, 2021New chief executive Jimin Zhang becomes CEO11
  4. Feb 1, 2008New chief executive Jason Schlombs becomes CEO12

Filings

14 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 2 major events, 5 insider forms, 3 other. The latest 14:

  1. Nov 14, 2022NT 10-Q EDGAR
  2. Aug 22, 202210-Q EDGAR
  3. Aug 15, 2022NT 10-Q EDGAR
  4. May 31, 20224/A OWNERSHIP DOCUMENT EDGAR
  5. May 20, 202210-Q EDGAR
  6. May 16, 2022NT 10-Q EDGAR
  7. May 2, 20224 OWNERSHIP DOCUMENT EDGAR
  8. Mar 31, 202210-K EDGAR
  9. Nov 15, 202110-Q EDGAR
  10. Nov 4, 20218-K EDGAR
  11. Nov 4, 20214 OWNERSHIP DOCUMENT EDGAR
  12. Nov 4, 20214 OWNERSHIP DOCUMENT EDGAR
  13. Nov 4, 20214 OWNERSHIP DOCUMENT EDGAR
  14. Oct 6, 20218-K EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 1 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 2, 2022Zhang JiminChief Executive OfficerSale0Form 4
Apr 29, 2022Zhang JiminChief Executive OfficerSale6,000,000$1.00$6.0MForm 4
Nov 4, 2021Zhang Mao10% ownerSale83,836,959Form 4
Nov 4, 2021Zhang JiminChief Executive OfficerBuy106,001,971Form 4
Nov 4, 2021Zhang JiminChief Executive OfficerSale600,000,000Form 4
Nov 4, 2021Zhang Jian10% ownerSale22,165,012Form 4

From Forms 4 filed with the SEC.

SEC filer profile

How Lithium & Boron Technology, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLithium & Boron Technology, Inc.1
  • CIK0001384135
  • Employer ID (EIN)98-05147681
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inNevada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2810 Industrial Inorganic Chemicals1
  • Business address60 East Ren-Min Road, Dachaidan Town, Xai Xi County, Qing Hai Prov., F4 8170001
  • Phone86-24-2519-76991
  • Shares outstanding185,986,370 as of Aug 19, 202210
  • Public float$0 as of Jun 30, 20213
  • On EDGAR sinceDec 22, 20061
  • Filings382 in all: 8-K (80), 10-Q (45), UPLOAD (28), 4 (26), CORRESP (24), 3 (19), 10-K (14), NT 10-Q (11)1
    All 43 form types

    8-K/A (9), DEF 14A (9), 10-K/A (8), 10-Q/A (8), DEFA14A (8), SC 13D (8), 424B3 (7), PRER14A (7), SC 13D/A (7), EFFECT (6), NT 10-K (6), PRE 14A (6), S-1/A (6), SC 13G/A (4), 10QSB (3), 424B5 (3), DEF 14C (3), SC 13G (3), 4/A (2), 5 (2), DEFR14A (2), POS AM (2), PRE 14C (2), S-3 (2), S-3/A (2), 10KSB (1), 10QSB/A (1), 25-NSE (1), 8-A12B (1), 8-A12G (1), CERTNAS (1), REGDEX (1), S-1 (1), SB-2 (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2022
    Quarterly report (10-Q) Aug 22, 2022
    Proxy statement (DEF 14A) Aug 2, 2016
    Latest 8-K (8-K) Nov 4, 2021

Sources

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