Laredo Oil Inc (LRDC)

Energy | Oil Gas Exploration Production
Income Statement (Quarterly) 2025-08-31 2025-02-28 2024-11-30 2024-08-31
Revenue 1,543 1,735 1,640 6,048
Cost of Revenue 0 0 0 0
Gross Profit 1,543 1,735 1,640 6,048
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 561,807 600,479 712,742 663,557
Operating Expenses 561,807 593,567 712,742 663,557
Operating Income 15,963 -598,744 -711,102 -664,311
Interest Expense 276,319 116,716 104,909 133,643
Income Before Tax -952,074 -415,751 -815,720 -469,252
Income Tax Expense 0 0 0 0
Net Income -952,074 -415,751 -815,720 -469,252
Per Share
EPS -0.01 -0.01 -0.01 -0.01
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Revenue 9,423 36,482 0 667,608 4,592,626
Cost of Revenue 0 0 39,722 1,286,244 4,775,976
Gross Profit 9,423 36,482 -39,722 -618,636 -183,350
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 2,677,979 3,370,154 2,730,563 1,580,069 499,332
Operating Expenses 3,331,853 3,352,225 2,730,563 1,580,069 499,332
Operating Income -3,322,430 -3,390,227 -2,770,280 -2,198,705 -682,682
Interest Expense 489,265 510,765 443,219 136,112 52,231
Income Before Tax -3,181,874 -2,867,299 -3,112,051 -895,847 -368,236
Income Tax Expense 0 0 346,550 -1,292,396 0
Net Income -3,181,874 -2,867,299 -3,112,051 396,549 -368,236
Per Share
EPS -0.04 -0.04 -0.05 0.01 -0.01
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2025-05-31 2024-05-31 2023-05-31 2022-05-31
Assets
Cash and Cash Equivalents 83,294 127,126 13,754 109,183
Short Term Investments 0 1,863,063 0 0
Net Receivables 0 8,346 1,779 1,779
Inventory 0 0 0 0
Total Current Assets 298,523 2,018,476 52,082 133,197
Property Plant Equipment 108,286 746,162 4,756,922 3,174,613
Goodwill and Intangibles 0 0 0 0
Total Assets 1,448,018 2,804,638 5,126,127 3,701,949
Liabilities
Account Payables 2,560,643 2,542,976 2,197,975 1,242,905
Short Term Debt 3,140,650 2,325,095 3,132,455 1,480,922
Total Current Liabilities 12,909,540 12,945,638 9,602,554 5,580,797
Long Term Debt 825,701 887,733 536,974 857,339
Total Liabilities 14,020,333 13,990,765 10,207,466 6,499,898
Shareholders Equity
Retained Earnings -25,905,369 -22,723,495 -15,078,339 -11,982,488
Total Shareholders Equity -12,572,315 -11,186,127 -5,081,339 -2,797,949
Balance Sheet (Annual) 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Assets
Cash and Cash Equivalents 83,294 127,126 13,754 109,183 1,196,650
Short Term Investments 0 1,863,063 0 0 0
Net Receivables 0 8,346 1,779 1,779 168,522
Inventory 0 0 0 0 0
Total Current Assets 298,523 2,018,476 52,082 133,197 1,632,322
Property Plant Equipment 108,286 746,162 4,756,922 3,174,613 809,203
Goodwill and Intangibles 0 0 0 0 0
Total Assets 1,448,018 2,804,638 5,126,127 3,701,949 2,770,808
Liabilities
Account Payables 2,560,643 2,542,976 2,197,975 1,242,905 267,643
Short Term Debt 3,140,650 2,325,095 3,132,455 1,480,922 1,220,825
Total Current Liabilities 12,909,540 12,945,638 9,602,554 5,580,797 3,160,615
Long Term Debt 825,701 887,733 536,974 857,339 1,846,791
Total Liabilities 14,020,333 13,990,765 10,207,466 6,499,898 5,007,406
Shareholders Equity
Retained Earnings -25,905,369 -22,723,495 -15,078,339 -11,982,488 -11,086,641
Total Shareholders Equity -12,572,315 -11,186,127 -5,081,339 -2,797,949 -2,236,598
Cash Flow Statement (Quarterly) 2025-05-31 2024-05-31 2023-05-31 2022-05-31
Operating Activities
Net Income -3,181,874 -2,867,299 -3,112,051 -895,847
Depreciation & Amortization 113,612 17,929 39,722 55,811
Stock Based Compensation 0 1,102,924 187,257 278,578
Change in Working Capital 760,880 1,137,290 941,724 602,605
Operating Cash Flow -1,649,834 -632,542 -1,640,372 -1,199,960
Investing Activities
Capital Expenditure 0 -38,152 -978,628 -1,423,851
Investments -3,174,164 -38,152 -978,628 -1,423,851
Investing Cash Flow -3,174,164 136,848 -997,066 -1,423,851
Financing Activities
Debt Repayment 164,476 368,129 -873,271 -192,493
Common Stock Issued/Repurchased 1,215,200 0 267,320 0
Dividends Paid 0 0 0 0
Financing Cash Flow 3,111,176 2,472,129 2,542,009 1,536,344
Summary
Free Cash Flow -1,649,834 -670,694 -2,619,000 -2,623,811
Net Change in Cash -1,712,822 1,976,435 -95,429 -1,087,467
Cash Flow Statement (Annual) 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Operating Activities
Net Income -3,181,874 -2,867,299 -3,112,051 -895,847 -368,236
Depreciation & Amortization 113,612 17,929 39,722 55,811 13,953
Stock Based Compensation 0 1,102,924 187,257 278,578 0
Change in Working Capital 760,880 1,137,290 941,724 602,605 -522,319
Operating Cash Flow -1,649,834 -632,542 -1,640,372 -1,199,960 -1,230,840
Investing Activities
Capital Expenditure 0 -38,152 -978,628 -1,423,851 -265,555
Investments -3,174,164 -38,152 -978,628 -1,423,851 -265,555
Investing Cash Flow -3,174,164 136,848 -997,066 -1,423,851 -325,176
Financing Activities
Debt Repayment 164,476 368,129 -873,271 -192,493 -13,500
Common Stock Issued/Repurchased 1,215,200 0 267,320 0 0
Dividends Paid 0 0 0 0 0
Financing Cash Flow 3,111,176 2,472,129 2,542,009 1,536,344 1,220,155
Summary
Free Cash Flow -1,649,834 -670,694 -2,619,000 -2,623,811 -1,496,395
Net Change in Cash -1,712,822 1,976,435 -95,429 -1,087,467 -335,861