Using first principles density functional theory the formation energies of various binary compounds of lithium graphite and its homologues were calculated. Lithium and graphite react to form $Li_1C_6$ (+141 mV) but not form $LiC_4$ (-143 mV), $LiC_3$ (-247 mV) and $LiC_2$ (-529 mV) because they are less stable than lithium metal itself. Properties of structure and reaction potentials of $C_5B$, $C_5N$ and $B_3N_3$ materials as iso-structural graphite were studied. Boron and nitrogen substituted graphite and boron-nitrogen material as a iso-electronic structured graphitic material have longer graphene layer spacing than that of graphite. The layer spacing of $Li_xC_6$, $Li_xC_5B$, $Li_xC_5N$ materials increased until to x=1, and then decreased until to x=2 and 3. Nevertheless $Li_xB_3N_3$ has opposite tendency of layer spacing variation. Among various lithium compositions of $Li_xC_5B$, $Li_xC_5N$ and $Li_xB_3N_3$, reaction potentials of $Li_xC_5B$ (x=1-3) and $Li_xC_5$ (x=1) from total energy analyses have positive values against lithium deposition.