Answer : False, there will be two lithium and one oxygen atoms in a unit molecular structure of lithium oxide.
Explanation:
Electronic configuration of lithium is :

In order to attain stable electronic configuration it will loose an electron and form positively charge cation.

The electronic configuration of oxygen is:

Oxygen being second most electronegative atom requires two electrons to attain noble gas configuration stability and form negatively charge ion with 2- charge.:

When two atom of lithium and oxygen comes together , one electron from each lithium atom get transferred to an oxygen atom which results in formation of lithium oxide.
