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
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
11/30/2021
Q2
8/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5319688291454
Cash and cash equivalents5319688291454
Receivables4,255174155   
Inventory, net of allowances, customer advances and progress billings  4,136    
Inventory  4,136    
Intangible current assets   8,310332  
Other current assets14,0602,437    
Other undisclosed current assets 1,4431,485   
Total current assets:18,8469,15810,031422454
Noncurrent Assets
Operating lease, right-of-use asset117     
Property, plant and equipment287     
Intangible assets, net (including goodwill)38,80127,60311,643332340 
Goodwill24,94615,770    
Intangible assets, net (excluding goodwill)13,85511,83311,643332340 
Other noncurrent assets125130    
Other undisclosed noncurrent assets(2,808)84(178)(332)  
Total noncurrent assets:36,52327,81711,465 340 
TOTAL ASSETS:55,37036,97421,4964223854
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9871,44452763434
Interest and dividends payable115353331
Accounts payable2,8401,1772612
Accrued liabilities1471535035  
Deferred revenue13,8915,74286   
Debt7,2215,000 1089575
Due to related parties4,4963,000 153152150
Other liabilities4,0272,443    
Other undisclosed current liabilities3,4332563,0122064
Total current liabilities:36,05517,8863,150357287262
Noncurrent Liabilities
Long-term debt and lease obligation3,0326,000    
Long-term debt, excluding current maturities3,0326,000    
Liabilities, other than long-term debt77   4645
Accounts payable and accrued liabilities     2222
Due to related parties    2424
Operating lease, liability77     
Total noncurrent liabilities:3,1096,000  4645
Total liabilities:39,16523,8863,150357333307
Equity
Equity, attributable to parent, including:16,20513,08918,3466552(304)
Common stock14614514510100
Additional paid in capital27,68622,83722,4743,4013,4013,063
Accumulated other comprehensive income (loss)81(1,907)    
Accumulated deficit(11,708)(7,986)(4,273)(3,347)(3,359)(3,367)
Stockholders' equity note, subscriptions receivable   (12)   
Other undisclosed equity, attributable to parent   12   
Total equity:16,20513,08918,3466552(304)
TOTAL LIABILITIES AND EQUITY:55,37036,97421,4964223854

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

2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
11/30/2021
Q2
8/31/2021
Q1
Revenues6,9402,4331294343 
Revenue from related parties 1,204    
Cost of revenue(1,436)(314)    
Other undisclosed gross profit   (26)(8)(8) 
Gross profit:5,5042,1181033535 
Operating expenses7,405(5,229)(1,024)(18)(23)(10)
Other operating expense, net  (240)    
Other undisclosed operating loss(14,811)(122)    
Operating income (loss):(1,901)(3,473)(921)1812(10)
Nonoperating expense(1,930)(139)    
Loss, foreign currency transaction, before tax  (139)    
Interest and debt expense  (115)1(2)(2)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes   130   
Income (loss) from continuing operations before equity method investments, income taxes:(3,831)(3,727)(790)1611(11)
Other undisclosed income from continuing operations before income taxes131     
Income (loss) from continuing operations before income taxes:(3,701)(3,727)(790)1611(11)
Income tax expense (benefit)(21)     
Income (loss) from continuing operations:(3,721)(3,727)(790)1611(11)
Income (loss) before gain (loss) on sale of properties:(3,727)(790)1611(11)
Net income (loss):(3,721)(3,727)(790)1611(11)
Other undisclosed net income (loss) attributable to parent 14(137)(3)(3)(3)
Net income (loss) available to common stockholders, diluted:(3,721)(3,713)(926)138(14)

Comprehensive Income ($ in thousands)

2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
11/30/2021
Q2
8/31/2021
Q1
Net income (loss):(3,721)(3,727)(790)1611(11)
Comprehensive income (loss), net of tax, attributable to parent:(3,721)(3,727)(790)1611(11)

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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