Life on Earth, Inc. (LFER) financial statements (2020 and earlier)

Company profile

Business Address 575 LEXINGTON AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End May 31
SIC 208 - Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments491111892182744
Cash and cash equivalents491111892182744
Receivables274318216021
Inventory, net of allowances, customer advances and progress billings302323392931319
Inventory302323392931319
Prepaid expense 0102 1515
Other undisclosed current assets 312    
Total current assets:1066988126715779
Noncurrent Assets
Property, plant and equipment 3111260  
Intangible assets, net (including goodwill)2455861,723339375 
Goodwill50195922 375 
Intangible assets, net (excluding goodwill)195391801339  
Regulated entity, other noncurrent assets    8 
Deposits noncurrent assets 5225  
Other undisclosed noncurrent assets  48 (383) 
Total noncurrent assets:2456221,905405  
TOTAL ASSETS:3511,3212,7171,0765779
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3922,0361,816719284
Accrued liabilities   18  
Interest and dividends payable2     
Other undisclosed accounts payable and accrued liabilities1,3912,0361,816701284
Debt715587785520196
Derivative instruments and hedges, liabilities183     
Due to related parties10 2 10 
Disposal group, including discontinued operation894     
Business combination, contingent consideration, liability143383    
Deferred revenue and credits  21 
Other undisclosed current liabilities1,2931,065987557320
Total current liabilities:4,6304,0713,5901,7968030
Noncurrent Liabilities
Long-term debt and lease obligation  49   
Long-term debt, excluding current maturities  49   
Liabilities, other than long-term debt     2
Accounts payable and accrued liabilities     2
Other undisclosed noncurrent liabilities  58 55 
Total noncurrent liabilities:  107 552
Total liabilities:4,6304,0713,6971,79613532
Stockholders' equity
Stockholders' equity attributable to parent(4,278)(2,750)(980)(720)(79)49
Preferred stock111111
Common stock454024191312
Additional paid in capital12,69112,0845,7943,055721451
Accumulated deficit(17,016)(14,875)(6,798)(3,795)(815)(414)
Total stockholders' equity:(4,278)(2,750)(980)(720)(79)49
Other undisclosed liabilities and equity     (2)
TOTAL LIABILITIES AND EQUITY:3511,3212,7171,0765779

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

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues(1,324)1,0093,2562,458194215
Revenue, net 2,458194215
Net investment income3081,009    
Cost of revenue
(Cost of Goods and Services Sold)
869(873)(2,529)(1,780)(216)(240)
Gross profit:(455)136726678(22)(26)
Operating expenses653 (1,753)(2,338)(343)(184)
Operating income (loss):198136(1,026)(1,659)(365)(210)
Nonoperating income (expense)(81)(903) 98  
Investment income, nonoperating(81)(903)    
Other nonoperating income   98  
Interest and debt expense(939)(1,954)(2,114)(1,418)(35)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes(903)     
Loss from continuing operations before equity method investments, income taxes:(1,725)(2,721)(3,141)(2,980)(400)(213)
Other undisclosed income (loss) from continuing operations before income taxes(5,356)(5,356)0   
Loss from continuing operations before income taxes:(7,081)(8,077)(3,141)(2,980)(400)(213)
Income tax benefit  137   
Loss from continuing operations:(7,081)(8,077)(3,004)(2,980)(400)(213)
Loss from discontinued operations(2,060)     
Loss before gain (loss) on sale of properties:(9,141)(8,077)(3,004)(2,980)(400)(213)
Other undisclosed net income482     
Net loss:(8,658)(8,077)(3,004)(2,980)(400)(213)
Other undisclosed net income attributable to parent361     
Net loss available to common stockholders, diluted:(8,298)(8,077)(3,004)(2,980)(400)(213)

Comprehensive Income ($ in thousands)

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net loss:(8,658)(8,077)(3,004)(2,980)(400)(213)
Comprehensive loss, net of tax, attributable to parent:(8,658)(8,077)(3,004)(2,980)(400)(213)

Statements sources

The financial statements are based on the company's filings with the 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.

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