False: the diagram should contain 2 lithium atoms and 1 oxygen atom so the overall charge of the molecule (Li2O) is neutral
(+1,+1, -2 =0)
(oxygen has 6 valence electrons, and needs two more to complete its octet and gain stability. 2 Lithium atoms donate their singular valence electron, leaving both with a formal charge of +1 and oxygen with a formal charge of -2. )
(An ionic bond is a bond between a nonmetal and a metal; in this bond, an electron is TRANSFERRED, not shared)