Laredo Oil Inc (LRDC)

Name: Laredo Oil Inc Financial Statements
Creator: Quarter Results

Energy | Oil Gas Exploration Production

Latest reporting period: 2025-11-30

Latest Quarter

2025-11-30

Revenue

$1.6K

Net Income

-$3.3M

Operating Margin

-185,526.1%

Free Cash Flow

-$1.6M

Debt / Assets

968.2%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Laredo Oil Inc (LRDC).
Income Statement (Quarterly)	2025-11-30	2025-08-31	2025-02-28	2024-11-30
Revenue	1,598	1,543	1,735	1,640
Cost of Revenue	0	6,877	0	0
Gross Profit	1,598	-5,334	1,735	1,640
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	2,626,252	561,807	600,479	712,742
Operating Expenses	2,626,252	686,384	593,567	712,742
Operating Income	-2,964,707	-691,718	-598,744	-711,102
Interest Expense	-308,160	276,319	116,716	104,909
Income Before Tax	-3,311,114	-952,074	-415,751	-815,720
Income Tax Expense	0	0	0	0
Net Income	-3,311,114	-952,074	-415,751	-815,720
Per Share
EPS	-0.04	-0.01	-0.01	-0.01
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Laredo Oil Inc (LRDC).
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 history for Laredo Oil Inc (LRDC).
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 history for Laredo Oil Inc (LRDC).
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 quarterly history for Laredo Oil Inc (LRDC).
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 annual history for Laredo Oil Inc (LRDC).
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