Laredo Oil, Inc. (LRDC) financial statements (2021 and earlier)

Company profile

Business Address 110 N. RUBEY DR.
GOLDEN, CO 80403
State of Incorp. DE
Fiscal Year End May 31
SIC 1311 - Crude Petroleum and Natural Gas (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
5/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3842901063313948688
Cash and cash equivalents3842901063313948688
Receivables1728120    
Other undisclosed current assets144040474615648
Total current assets:415357266378440242136
Noncurrent Assets
TOTAL ASSETS:415357266378440242136
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7751,6631,4071,8691,2201,148588
Accounts payable2712938333528
Accrued liabilities1,5071,4281,2071,6721,0571,010483
Interest and dividends payable24022319015913010277
Debt 350350350350350350
Other undisclosed current liabilities46467966216298682
Total current liabilities:1,8212,0591,8362,2851,7861,7951,620
Noncurrent Liabilities
Long-term debt and lease obligation350      
Long-term debt, excluding current maturities350      
Total noncurrent liabilities:350      
Total liabilities:2,1712,0591,8362,2851,7861,7951,620
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,756)(1,701)(1,569)(1,907)(1,346)(1,554)(1,483)
Common stock5555555
Additional paid in capital8,8458,8458,8318,5918,1887,3206,684
Accumulated deficit(10,606)(10,551)(10,405)(10,504)(9,540)(8,879) 
Other undisclosed stockholders' equity attributable to parent      (8,173)
Total stockholders' equity:(1,756)(1,701)(1,569)(1,907)(1,346)(1,554)(1,483)
TOTAL LIABILITIES AND EQUITY:415357266378440242136

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
5/31/2014
Revenues8,4648,4809,3629,82310,8978,8193,472
Cost of revenue(8,385)(8,284)(8,749)(10,101)(10,624)(8,841)(3,326)
Gross profit:78196613(278)272(22)146
Operating expenses(274)(309)(495)(656)(880)(1,043)(938)
Operating income (loss):(195)(113)118(934)(608)(1,064)(793)
Nonoperating income  12    
Interest and debt expense(34)(34)(31)(30)(28)(26)(27)
Net income (loss):(229)(146)99(964)(636)(1,091)(820)
Other undisclosed net income (loss) attributable to parent    (24)384(496)
Net income (loss) available to common stockholders, diluted:(229)(146)99(964)(660)(706)(1,316)

Comprehensive Income ($ in thousands)

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
Net income (loss):(229)(146)99(964)(636)(1,091)(820)
Comprehensive income (loss), net of tax, attributable to parent:(229)(146)99(964)(636)(1,091)(820)

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.

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