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 investments | 49 | 111 | 189 | 218 | 27 | 44 | ||
| Cash and cash equivalents | 49 | 111 | 189 | 218 | 27 | 44 | ||
| Receivables | 27 | 43 | 182 | 160 | 2 | 1 | ||
| Inventory, net of allowances, customer advances and progress billings | 30 | 232 | 339 | 293 | 13 | 19 | ||
| Inventory | 30 | 232 | 339 | 293 | 13 | 19 | ||
| Prepaid expense | 0 | 102 | 15 | 15 | ||||
| Other undisclosed current assets | 312 | |||||||
| Total current assets: | 106 | 698 | 812 | 671 | 57 | 79 | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 31 | 112 | 60 | |||||
| Intangible assets, net (including goodwill) | 245 | 586 | 1,723 | 339 | 375 | |||
| Goodwill | 50 | 195 | 922 | 375 | ||||
| Intangible assets, net (excluding goodwill) | 195 | 391 | 801 | 339 | ||||
| Regulated entity, other noncurrent assets | 8 | |||||||
| Deposits noncurrent assets | 5 | 22 | 5 | |||||
| Other undisclosed noncurrent assets | 48 | (383) | ||||||
| Total noncurrent assets: | 245 | 622 | 1,905 | 405 | ||||
| TOTAL ASSETS: | 351 | 1,321 | 2,717 | 1,076 | 57 | 79 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 1,392 | 2,036 | 1,816 | 719 | 28 | 4 | ||
| Accrued liabilities | 18 | |||||||
| Interest and dividends payable | 2 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 1,391 | 2,036 | 1,816 | 701 | 28 | 4 | ||
| Debt | 715 | 587 | 785 | 520 | 19 | 6 | ||
| Derivative instruments and hedges, liabilities | 183 | |||||||
| Due to related parties | 10 | 2 | 10 | |||||
| Disposal group, including discontinued operation | 894 | |||||||
| Business combination, contingent consideration, liability | 143 | 383 | ||||||
| Deferred revenue and credits | ✕ | ✕ | 21 | |||||
| Other undisclosed current liabilities | 1,293 | 1,065 | 987 | 557 | 3 | 20 | ||
| Total current liabilities: | 4,630 | 4,071 | 3,590 | 1,796 | 80 | 30 | ||
| 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 | 55 | 2 | |||||
| Total liabilities: | 4,630 | 4,071 | 3,697 | 1,796 | 135 | 32 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | (4,278) | (2,750) | (980) | (720) | (79) | 49 | ||
| Preferred stock | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Common stock | 45 | 40 | 24 | 19 | 13 | 12 | ||
| Additional paid in capital | 12,691 | 12,084 | 5,794 | 3,055 | 721 | 451 | ||
| 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: | 351 | 1,321 | 2,717 | 1,076 | 57 | 79 | ||
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) | 1,009 | 3,256 | 2,458 | 194 | 215 | |
| Revenue, net | ✕ | ✕ | 2,458 | 194 | 215 | ||
| Net investment income | 308 | 1,009 | |||||
| Cost of revenue (Cost of Goods and Services Sold) | 869 | (873) | (2,529) | (1,780) | (216) | (240) | |
| Gross profit: | (455) | 136 | 726 | 678 | (22) | (26) | |
| Operating expenses | 653 | (1,753) | (2,338) | (343) | (184) | ||
| Operating income (loss): | 198 | 136 | (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 income | 482 | ||||||
| Net loss: | (8,658) | (8,077) | (3,004) | (2,980) | (400) | (213) | |
| Other undisclosed net income attributable to parent | 361 | ||||||
| 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.