Life On Earth, Inc. (LFER) Financial Statements (2024 and earlier)

Company Profile

Business Address 1345 6TH AVE.
NEW YORK, NY 10105
State of Incorp. DE
Fiscal Year End May 31
Industry (SIC) 208 - Beverages (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

2/28/2022
MRQ
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 35411118921827
Cash and cash equivalents 35411118921827
Receivables 6 431821602
Inventory, net of allowances, customer advances and progress billings   23233929313
Inventory   23233929313
Prepaid expense 3 0102 15
Other undisclosed current assets 70 312   
Total current assets: 114469881267157
Noncurrent Assets
Property, plant and equipment 4 3111260 
Intangible assets, net (including goodwill) 5,102 5861,723339375
Goodwill   195922 375
Intangible assets, net (excluding goodwill) 5,102 391801339 
Regulated entity, other noncurrent assets  16   8
Deposits noncurrent assets   5225 
Other undisclosed noncurrent assets  (16) 48 (383)
Total noncurrent assets: 5,106 6221,905405 
TOTAL ASSETS: 5,21941,3212,7171,07657
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 2,1641,8332,0361,81671928
Interest and dividends payable 0     
Accrued liabilities     18 
Other undisclosed accounts payable and accrued liabilities 2,1641,8332,0361,81670128
Debt 3869458778552019
Derivative instruments and hedges, liabilities 111147    
Business combination, contingent consideration, liability 41557383   
Deferred revenue and credits  21
Due to related parties 5862 2 10
Other undisclosed current liabilities 7,0951,4971,0659875573
Total current liabilities: 9,8814,2904,0713,5901,79680
Noncurrent Liabilities
Long-term debt and lease obligation    49  
Long-term debt, excluding current maturities    49  
Other undisclosed noncurrent liabilities    58 55
Total noncurrent liabilities:    107 55
Total liabilities: 9,8814,2904,0713,6971,796135
Equity
Equity, attributable to parent, including: (4,662)(4,286)(2,750)(980)(720)(79)
Preferred stock  11111
Common stock 301340241913
Additional paid in capital 13,94212,90112,0845,7943,055721
Accumulated deficit (18,635)(17,201)(14,875)(6,798)(3,795)(815)
Other undisclosed equity, attributable to parent 2     
Total equity: (4,662)(4,286)(2,750)(980)(720)(79)
TOTAL LIABILITIES AND EQUITY: 5,21941,3212,7171,07657

Income Statement (P&L) ($ in thousands)

2/28/2022
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues 36641,0093,2562,458194
Revenue, net 2,458194
Gain on disposition of assets for financial service operations 361 
Net investment income   1,009   
Cost of revenue
(Cost of Goods and Services Sold)
  (167)(873)(2,529)(1,780)(216)
Gross profit: 36(102)136726678(22)
Operating expenses    (1,753)(2,338)(343)
Operating income (loss): 36(102)136(1,026)(1,659)(365)
Nonoperating income (expense) (25)813(903) 98 
Investment income, nonoperating (25)813(903)   
Other nonoperating income     98 
Interest and debt expense (424)(745)(1,954)(2,114)(1,418)(35)
Loss from continuing operations before equity method investments, income taxes: (413)(34)(2,721)(3,141)(2,980)(400)
Other undisclosed income (loss) from continuing operations before income taxes   (5,356)0  
Loss from continuing operations before income taxes: (413)(34)(8,077)(3,141)(2,980)(400)
Income tax benefit    137  
Loss from continuing operations: (413)(34)(8,077)(3,004)(2,980)(400)
Loss before gain (loss) on sale of properties:(1,821)(3,173)(8,077)(3,004)(2,980)(400)
Loss from discontinued operations (1,409)(3,139)    
Net loss: (1,821)(3,173)(8,077)(3,004)(2,980)(400)
Other undisclosed net income attributable to parent 387847    
Net loss available to common stockholders, diluted: (1,434)(2,326)(8,077)(3,004)(2,980)(400)

Comprehensive Income ($ in thousands)

2/28/2022
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net loss: (1,821)(3,173)(8,077)(3,004)(2,980)(400)
Comprehensive loss, net of tax, attributable to parent: (1,821)(3,173)(8,077)(3,004)(2,980)(400)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: