Laredo Oil, Inc. (LRDC) financial statements (2022 and earlier)
Company profile
| Business Address |
2021 GUADALUPE STREET, AUSTIN, TX 78705 |
| 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)
| 11/30/2021 TTM | 5/31/2021 | 5/31/2020 | 5/31/2019 | 5/31/2018 | 5/31/2017 | 5/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 330 | 1,197 | 1,533 | 290 | 106 | 331 | 394 | ||
| Cash and cash equivalents | 330 | 1,197 | 1,533 | 290 | 106 | 331 | 394 | ||
| Restricted cash and investments | 1,000 | ||||||||
| Receivables | 29 | 169 | 32 | 28 | 120 | ||||
| Other undisclosed current assets | 211 | 267 | 58 | 40 | 40 | 47 | 46 | ||
| Total current assets: | 1,570 | 1,632 | 1,623 | 357 | 266 | 378 | 440 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,042 | 809 | |||||||
| Long-term investments and receivables | 329 | ||||||||
| Long-term investments | 329 | ||||||||
| Other undisclosed noncurrent assets | 351 | ||||||||
| Total noncurrent assets: | 1,393 | 1,138 | |||||||
| TOTAL ASSETS: | 2,963 | 2,771 | 1,623 | 357 | 266 | 378 | 440 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,709 | 1,844 | 1,862 | 1,663 | 1,407 | 1,869 | 1,220 | ||
| Accounts payable | 88 | 268 | 21 | 12 | 9 | 38 | 33 | ||
| Accrued liabilities | 1,608 | 1,559 | 1,582 | 1,428 | 1,207 | 1,672 | 1,057 | ||
| Interest and dividends payable | 13 | 17 | 259 | 223 | 190 | 159 | 130 | ||
| Debt | 158 | 1,221 | 474 | 350 | 350 | 350 | 350 | ||
| Due to related parties | 615 | 350 | |||||||
| Other undisclosed current liabilities | 1,261 | 95 | 46 | 46 | 79 | 66 | 216 | ||
| Total current liabilities: | 3,743 | 3,161 | 2,732 | 2,059 | 1,836 | 2,285 | 1,786 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,098 | 1,246 | |||||||
| Long-term debt, excluding current maturities | 1,098 | 1,246 | |||||||
| Liabilities, other than long-term debt | 600 | ||||||||
| Due to related parties | 600 | ||||||||
| Other undisclosed noncurrent liabilities | 760 | ||||||||
| Total noncurrent liabilities: | 1,098 | 1,847 | 760 | ||||||
| Total liabilities: | 4,841 | 5,007 | 3,491 | 2,059 | 1,836 | 2,285 | 1,786 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (1,878) | (2,237) | (1,868) | (1,701) | (1,569) | (1,907) | (1,346) | ||
| Common stock | 5 | 5 | 5 | 5 | 5 | 5 | 5 | ||
| Additional paid in capital | 8,858 | 8,845 | 8,845 | 8,845 | 8,831 | 8,591 | 8,188 | ||
| Accumulated deficit | (10,741) | (11,087) | (10,718) | (10,551) | (10,405) | (10,504) | (9,540) | ||
| Total stockholders' equity: | (1,878) | (2,237) | (1,868) | (1,701) | (1,569) | (1,907) | (1,346) | ||
| TOTAL LIABILITIES AND EQUITY: | 2,963 | 2,771 | 1,623 | 357 | 266 | 378 | 440 | ||
Income statement (P&L) ($ in thousands)
| 11/30/2021 TTM | 5/31/2021 | 5/31/2020 | 5/31/2019 | 5/31/2018 | 5/31/2017 | 5/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,241 | 4,593 | 8,145 | 8,480 | 9,362 | 9,823 | 10,897 | |
| Cost of revenue | (2,959) | (4,776) | (7,969) | (8,284) | (8,749) | (10,101) | (10,624) | |
| Gross profit: | (718) | (183) | 176 | 196 | 613 | (278) | 272 | |
| Operating expenses | (606) | (499) | (307) | (309) | (495) | (656) | (880) | |
| Operating income (loss): | (1,324) | (683) | (131) | (113) | 118 | (934) | (608) | |
| Nonoperating income | 617 | 486 | 12 | |||||
| Investment income, nonoperating | 486 | 486 | ||||||
| Other nonoperating income | 131 | |||||||
| Interest and debt expense | (55) | (52) | (36) | (34) | (31) | (30) | (28) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (761) | (249) | (167) | (146) | 99 | (964) | (636) | |
| Loss from equity method investments | (64) | (120) | ||||||
| Net income (loss): | (825) | (368) | (167) | (146) | 99 | (964) | (636) | |
| Other undisclosed net income (loss) attributable to parent | 1,225 | (24) | ||||||
| Net income (loss) available to common stockholders, diluted: | 400 | (368) | (167) | (146) | 99 | (964) | (660) | |
Comprehensive Income ($ in thousands)
| 11/30/2021 TTM | 5/31/2021 | 5/31/2020 | 5/31/2019 | 5/31/2018 | 5/31/2017 | 5/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (825) | (368) | (167) | (146) | 99 | (964) | (636) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (825) | (368) | (167) | (146) | 99 | (964) | (636) | |
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.