LZG International, Inc. (LZGI) Financial Statements (2024 and earlier)

Company Profile

Business Address 135 WEST 41ST STREET
NEW YORK, NY 10036
State of Incorp. FL
Fiscal Year End May 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

2/28/2023
MRQ
11/30/2022
MRQ
5/31/2022
5/31/2021
5/31/2020
5/31/2019
5/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments531825201
Cash and cash equivalents531825201
Receivables4,255155    
Intangible current assets  8,310    
Other current assets14,060     
Other undisclosed current assets 1,485    
Total current assets:18,84610,0315201
Noncurrent Assets
Operating lease, right-of-use asset117   
Property, plant and equipment287     
Intangible assets, net (including goodwill)38,80111,643    
Goodwill24,946     
Intangible assets, net (excluding goodwill)13,85511,643    
Other noncurrent assets125     
Other undisclosed noncurrent assets(2,808)(178)    
Total noncurrent assets:36,52311,465    
TOTAL ASSETS:55,37021,4965201
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,987520 2016
Interest and dividends payable   2016
Accounts payable2,84020   
Accrued liabilities14750    
Deferred revenue13,89186  
Debt7,221 70595951
Due to related parties4,496 125119699
Other liabilities4,027     
Other undisclosed current liabilities3,4333,01255411060
Total current liabilities:36,0553,150250219192166
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,032 454341 
Long-term debt, excluding current maturities3,032     
Other undisclosed long-term debt and lease obligation   454341 
Liabilities, other than long-term debt77    24
Due to related parties      24
Operating lease, liability77   
Other undisclosed noncurrent liabilities      16
Total noncurrent liabilities:3,109 45434139
Total liabilities:39,1653,150295262233205
Equity
Equity, attributable to parent, including:16,20518,346(290)(260)(232)(204)
Common stock1461450000
Additional paid in capital27,68622,4743,0633,0633,0633,063
Accumulated other comprehensive income (loss)81     
Accumulated deficit(11,708)(4,273)(3,353)(3,323)(3,296)(3,268)
Stockholders' equity note, subscriptions receivable  (12)    
Other undisclosed equity, attributable to parent  12    
Total equity:16,20518,346(290)(260)(232)(204)
TOTAL LIABILITIES AND EQUITY:55,37021,4965201

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

2/28/2023
TTM
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
5/31/2018
Revenues9,545216    
Sales-type lease, revenue  216  
Revenue from related parties1,204215   
Cost of revenue(1,750)(43)    
Other undisclosed gross profit(34)     
Gross profit:7,761174    
Operating expenses1,134(1,075)(14)(13)(14)(13)
Other operating expense, net(240) (16)(15)(14)(6)
Other expenses   (16)(15)(14)(6)
Other undisclosed operating income (loss)(14,933) 1615146
Operating loss:(6,278)(901)(14)(13)(14)(13)
Nonoperating income (expense)(2,069)130    
Investment income, nonoperating  130    
Interest and debt expense(116)(4)(5)(5)(4)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes130     
Loss from continuing operations before equity method investments, income taxes:(8,332)(775)(19)(18)(18)(17)
Other undisclosed income from continuing operations before income taxes131     
Loss from continuing operations before income taxes:(8,202)(775)(19)(18)(18)(17)
Income tax expense(21) (6)(6)(6)(4)
Loss from continuing operations:(8,222)(775)(25)(24)(24)(21)
Loss before gain (loss) on sale of properties:(4,501)(775)(25)(24)(24)(21)
Net loss:(8,222)(775)(25)(24)(24)(21)
Other undisclosed net income (loss) attributable to parent(126)(145)(5)(4)(4)2
Net loss available to common stockholders, diluted:(8,348)(920)(30)(28)(28)(19)

Comprehensive Income ($ in thousands)

2/28/2023
TTM
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
5/31/2018
Net loss:(8,222)(775)(25)(24)(24)(21)
Comprehensive loss, net of tax, attributable to parent:(8,222)(775)(25)(24)(24)(21)

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.

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