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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0411,53329010633139486
Cash and cash equivalents1,0411,53329010633139486
Receivables243228120   
Other undisclosed current assets115840404746156
Total current assets:1,0771,623357266378440242
Noncurrent Assets
Long-term investments and receivables385      
Long-term investments385      
Total noncurrent assets:385      
TOTAL ASSETS:1,4621,623357266378440242
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1231,8621,6631,4071,8691,2201,148
Accounts payable7721129383335
Accrued liabilities1,7601,5821,4281,2071,6721,0571,010
Interest and dividends payable285259223190159130102
Debt67474350350350350350
Due to related parties350350     
Other undisclosed current liabilities4646467966216298
Total current liabilities:2,5862,7322,0591,8362,2851,7861,795
Noncurrent Liabilities
Other undisclosed noncurrent liabilities1,166760     
Total noncurrent liabilities:1,166760     
Total liabilities:3,7533,4912,0591,8362,2851,7861,795
Stockholders' equity
Stockholders' equity attributable to parent(2,291)(1,868)(1,701)(1,569)(1,907)(1,346)(1,554)
Common stock5555555
Additional paid in capital8,8458,8458,8458,8318,5918,1887,320
Accumulated deficit(11,141)(10,718)(10,551)(10,405)(10,504)(9,540)(8,879)
Total stockholders' equity:(2,291)(1,868)(1,701)(1,569)(1,907)(1,346)(1,554)
TOTAL LIABILITIES AND EQUITY:1,4621,623357266378440242

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues6,9478,1458,4809,3629,82310,8978,819
Cost of revenue(6,930)(7,969)(8,284)(8,749)(10,101)(10,624)(8,841)
Gross profit:17176196613(278)272(22)
Operating expenses(442)(307)(309)(495)(656)(880)(1,043)
Operating income (loss):(426)(131)(113)118(934)(608)(1,064)
Nonoperating income   12   
Interest and debt expense(45)(36)(34)(31)(30)(28)(26)
Income (loss) from continuing operations before equity method investments, income taxes:(471)(167)(146)99(964)(636)(1,091)
Loss from equity method investments(64)      
Net income (loss):(535)(167)(146)99(964)(636)(1,091)
Other undisclosed net income (loss) attributable to parent     (24)384
Net income (loss) available to common stockholders, diluted:(535)(167)(146)99(964)(660)(706)

Comprehensive Income ($ in thousands)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income (loss):(535)(167)(146)99(964)(636)(1,091)
Comprehensive income (loss), net of tax, attributable to parent:(535)(167)(146)99(964)(636)(1,091)

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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