Laredo Oil, Inc. (LRDC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2021 GUADALUPE STREET, AUSTIN, TX 78705 |
| State of Incorp. | DE |
| Fiscal Year End | May 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 8/31/2024 MRQ | 5/31/2024 | 11/30/2023 MRQ | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 127 | 1,197 | 1,533 | ||||||
| Cash and cash equivalents | 127 | 1,197 | 1,533 | ||||||
| Receivables | 2 | 169 | 32 | ||||||
| Other undisclosed current assets | 1,891 | 65 | 52 | 131 | 267 | 58 | |||
| Total current assets: | 2,018 | 65 | 52 | 133 | 1,632 | 1,623 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 746 | 4,679 | 4,757 | 3,175 | 809 | ||||
| Long-term investments and receivables | 329 | ||||||||
| Long-term investments | 329 | ||||||||
| Other undisclosed noncurrent assets | 40 | 306 | 317 | 394 | |||||
| Total noncurrent assets: | 786 | 4,985 | 5,074 | 3,569 | 1,138 | ||||
| TOTAL ASSETS: | 2,805 | 5,050 | 5,126 | 3,702 | 2,771 | 1,623 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 5,708 | 4,797 | 4,460 | 3,016 | 1,844 | 1,862 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 33 | 17 | 259 | ||
| Accounts payable | 2,543 | 2,054 | 2,198 | 1,243 | 268 | 21 | |||
| Accrued liabilities | 3,165 | 2,743 | 2,262 | 1,740 | 1,559 | 1,582 | |||
| Debt | 66 | 67 | 450 | 329 | 1,221 | 474 | |||
| Due to related parties | ✕ | ✕ | ✕ | 618 | 350 | ||||
| Other undisclosed current liabilities | 7,171 | 4,954 | 4,693 | 1,618 | 95 | 46 | |||
| Total current liabilities: | 12,946 | 9,819 | 9,603 | 5,581 | 3,161 | 2,732 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 888 | 921 | 537 | 857 | 1,246 | ||||
| Long-term debt, excluding current maturities | 888 | 921 | 537 | 857 | 1,246 | ||||
| Liabilities, other than long-term debt | 157 | 71 | 68 | 62 | 600 | ||||
| Asset retirement obligations | 157 | 71 | 68 | 62 | |||||
| Due to related parties | ✕ | ✕ | ✕ | 600 | |||||
| Other undisclosed noncurrent liabilities | 760 | ||||||||
| Total noncurrent liabilities: | 1,045 | 992 | 605 | 919 | 1,847 | 760 | |||
| Total liabilities: | 13,991 | 10,811 | 10,207 | 6,500 | 5,007 | 3,491 | |||
| Equity | |||||||||
| Equity, attributable to parent | (11,186) | (5,761) | (5,081) | (2,798) | (2,237) | (1,868) | |||
| Common stock | 7 | 7 | 7 | 5 | 5 | 5 | |||
| Additional paid in capital | 11,530 | 11,115 | 9,990 | 9,179 | 8,845 | 8,845 | |||
| Accumulated deficit | (22,723) | (16,883) | (15,078) | (11,982) | (11,087) | (10,718) | |||
| Total equity: | (11,186) | (5,761) | (5,081) | (2,798) | (2,237) | (1,868) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,805 | 5,050 | 5,126 | 3,702 | 2,771 | 1,623 | |||
Income Statement (P&L) ($ in thousands)
| 8/31/2024 TTM | 5/31/2024 | 11/30/2023 TTM | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 36 | 668 | 4,593 | 8,145 | ||||
| Cost of revenue | (1,286) | (4,776) | (7,969) | |||||
| Gross profit: | 36 | (619) | (183) | 176 | ||||
| Operating expenses | (3,427) | (3,342) | (2,770) | (1,580) | (499) | (307) | ||
| Operating loss: | (3,390) | (3,342) | (2,770) | (2,199) | (683) | (131) | ||
| Nonoperating income | 859 | 400 | 74 | 131 | 486 | |||
| Investment income, nonoperating | 486 | |||||||
| Other nonoperating income | 859 | 400 | 74 | 131 | ||||
| Interest and debt expense | (511) | (457) | (443) | (136) | (52) | (36) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
| Loss from continuing operations before equity method investments, income taxes: | (3,042) | (3,398) | (3,139) | (2,204) | (249) | (167) | ||
| Income (loss) from equity method investments | (69) | (95) | 15 | (120) | ||||
| Other undisclosed income from continuing operations before income taxes | ||||||||
| Loss from continuing operations: | (3,042) | (3,467) | (3,235) | (2,188) | (368) | (167) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (2,188) | (368) | (167) | |
| Net loss: | (3,042) | (3,467) | (3,235) | (2,188) | (368) | (167) | ||
| Other undisclosed net income (loss) attributable to parent | 175 | 175 | 123 | 1,292 | ||||
| Net loss available to common stockholders, diluted: | (2,867) | (3,292) | (3,112) | (896) | (368) | (167) | ||
Comprehensive Income ($ in thousands)
| 8/31/2024 TTM | 5/31/2024 | 11/30/2023 TTM | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (3,042) | (3,467) | (3,235) | (2,188) | (368) | (167) | ||
| Comprehensive loss, net of tax, attributable to parent: | (3,042) | (3,467) | (3,235) | (2,188) | (368) | (167) | ||
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.