Life On Earth, Inc. (LFER) Financial Statements (2025 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
Q3
11/30/2021
Q2
8/31/2021
Q1
5/31/2021
Q4
2/28/2021
Q3
11/30/2020
Q2
8/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42148356535
Cash and cash equivalent42148356535
Receivables31426  26
Prepaid expense 213   
Other undisclosed current assets  2070   
Total current assets:7521111465331
Noncurrent Assets
Property, plant and equipment 464   
Long-term investments and receivables      
Long-term investments      
Accounts and financing receivable, after allowance for credit loss      
Intangible assets, net (including goodwill) 4,661 5,102   
Intangible assets, net (excluding goodwill) 4,661 5,102   
Regulated entity, other noncurrent assets      8
Other undisclosed noncurrent assets  4,866   (8)
Total noncurrent assets:4,6644,8725,106   
TOTAL ASSETS:4,7405,0825,21965331
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,3032,3472,1642,1382,0852,076
Interest and dividends payable0 0   
Accounts payable      
Other undisclosed accounts payable and accrued liabilities2,3032,3472,1642,1382,0852,076
Debt33313825828683
Derivative instruments and hedges, liabilities   111137203147
Business combination, contingent consideration, liability   41522111757
Due to related parties8812058636563
Other undisclosed current liabilities3,0684,0407,0952,3311,5341,489
Total current liabilities:5,4926,5399,8814,9144,8324,515
Noncurrent Liabilities
Total liabilities:5,4926,5399,8814,9144,8324,515
Equity
Equity, attributable to parent, including:(753)(1,456)(4,662)(4,849)(4,829)(4,484)
Common stock624630212121
Additional paid in capital18,87817,37913,94213,21813,06813,068
Accumulated deficit(19,695)(18,884)(18,635)(18,089)(17,918)(17,574)
Other undisclosed equity, attributable to parent322111
Total equity:(753)(1,456)(4,662)(4,849)(4,829)(4,484)
TOTAL LIABILITIES AND EQUITY:4,7405,0825,21965331

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

2/28/2022
Q3
11/30/2021
Q2
8/31/2021
Q1
5/31/2021
Q4
2/28/2021
Q3
11/30/2020
Q2
8/31/2020
Q1
Revenues 56261166 25
Gain (loss) on disposition of assets for financial service operations  111 66(56) 
Cost of revenue
(Cost of Product and Service Sold)
 (1)    (25)
Other undisclosed gross profit   25   
Gross profit: 55263666 (0)
Operating expenses(695)(578)    
Operating income (loss):(640)(553)3666(56)(0)
Nonoperating expense
(Investment Income, Nonoperating)
      
Interest and debt expense(171)(159)(0)(70)(263)(90)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  463(25)   
Income (loss) from continuing operations:(811)(249)11(3)(319)(91)
Loss before gain (loss) on sale of properties:(811)(249)(511)(174)(664)(463)
Loss from discontinued operations  (522)(170)(345)(373)
Net loss:(811)(249)(511)(174)(664)(463)
Other undisclosed net income (loss) attributable to parent  (36)331991
Net loss available to common stockholders, diluted:(811)(249)(547)(170)(345)(373)

Comprehensive Income ($ in thousands)

2/28/2022
Q3
11/30/2021
Q2
8/31/2021
Q1
5/31/2021
Q4
2/28/2021
Q3
11/30/2020
Q2
8/31/2020
Q1
Net loss:(811)(249)(511)(174)(664)(463)
Comprehensive loss, net of tax, attributable to parent:(811)(249)(511)(174)(664)(463)

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: