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 investments3301,1971,533290106331394
Cash and cash equivalents3301,1971,533290106331394
Restricted cash and investments1,000      
Receivables291693228120  
Other undisclosed current assets2112675840404746
Total current assets:1,5701,6321,623357266378440
Noncurrent Assets
Property, plant and equipment1,042809     
Long-term investments and receivables 329     
Long-term investments 329     
Other undisclosed noncurrent assets351      
Total noncurrent assets:1,3931,138     
TOTAL ASSETS:2,9632,7711,623357266378440
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7091,8441,8621,6631,4071,8691,220
Accounts payable88268211293833
Accrued liabilities1,6081,5591,5821,4281,2071,6721,057
Interest and dividends payable1317259223190159130
Debt1581,221474350350350350
Due to related parties615 350    
Other undisclosed current liabilities1,2619546467966216
Total current liabilities:3,7433,1612,7322,0591,8362,2851,786
Noncurrent Liabilities
Long-term debt and lease obligation1,0981,246     
Long-term debt, excluding current maturities1,0981,246     
Liabilities, other than long-term debt 600     
Due to related parties 600     
Other undisclosed noncurrent liabilities  760    
Total noncurrent liabilities:1,0981,847760    
Total liabilities:4,8415,0073,4912,0591,8362,2851,786
Stockholders' equity
Stockholders' equity attributable to parent(1,878)(2,237)(1,868)(1,701)(1,569)(1,907)(1,346)
Common stock5555555
Additional paid in capital8,8588,8458,8458,8458,8318,5918,188
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:2,9632,7711,623357266378440

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
Revenues2,2414,5938,1458,4809,3629,82310,897
Cost of revenue(2,959)(4,776)(7,969)(8,284)(8,749)(10,101)(10,624)
Gross profit:(718)(183)176196613(278)272
Operating expenses(606)(499)(307)(309)(495)(656)(880)
Operating income (loss):(1,324)(683)(131)(113)118(934)(608)
Nonoperating income617486  12  
Investment income, nonoperating486486     
Other nonoperating income131      
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 parent1,225     (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.

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