lrdc: the balance sheet

MyFinsight

For the quarter ending 2025-08-31, LRDC has $1,598,620 in assets. $14,937,564 in debts.

Unit: Dollar

Balance Sheets	2025-08-31
Cash and cash equivalents and restricted cash	416,900
Receivables related party	28,155
Prepaid expenses and other current assets	31,250
Total current assets	476,305
Oil and gas acquisition and drilling costs	1,001,209
Property and equipment, net	101,106
Total property and equipment, net	1,102,315
Other assets	20,000
Total assets	1,598,620

Accounts payable	2,123,543
Accounts payable related party	325,000
Accrued payroll liabilities	3,858,439
Accrued interest	650,321
Deferred well development costs	2,807,698
Convertible debt contributed for net working interest	575,000
Bridge securities, net of debt discount	218,450
Promissory note, net of debt discount	1,251,871
Revolving note	1,060,061
Note payable related party	292,099
Note payable alleghany, net of debt discount	617,934
Note payable, current portion	61,884
Total current liabilities	13,842,300
Asset retirement obligation	285,092
Long-term note, net of current portion	810,172
Total noncurrent liabilities	1,095,264
Total liabilities	14,937,564
Common stock 0.0001 par value 120,000,000 and 120,000,000 shares authorized 74,887,755 and 74,771,476 issued and outstanding as of august 31 2025 and may 31, 2025, respectively	7,489
Additional paid in capital	13,511,010
Accumulated deficit	-26,857,443
Total stockholders deficit	-13,338,944
Total liabilities and stockholders deficit	1,598,620