For the quarter ending 2025-11-30, LRDC has $1,704,607 in assets. $14,968,097 in debts.
| Balance Sheets | 2025-11-30 | 2025-08-31 | 2025-05-31 | |
|---|---|---|---|---|
| Cash and cash equivalents and restricted cash | 568,831 | 416,900 | 277,367 | |
| Receivables related party | 37,500 | 28,155 | 0 | |
| Prepaid expenses and other current assets | 25,671 | 31,250 | 21,156 | |
| Total current assets | 632,002 | 476,305 | 298,523 | |
| Oil and gas acquisition and drilling costs | 968,376 | 1,001,209 | 1,001,209 | |
| Property and equipment, net | 94,229 | 101,106 | 108,286 | |
| Total property and equipment, net | 1,062,605 | 1,102,315 | 1,109,495 | |
| Other assets | 10,000 | 20,000 | 40,000 | |
| Total assets | 1,704,607 | 1,598,620 | 1,448,018 | |
| Convertible debt, net of debt discount | - | - | 0 | |
| Accounts payable | 2,132,055 | 2,123,543 | 2,158,299 | |
| Accounts payable related party | 325,000 | 325,000 | 402,344 | |
| Accrued payroll liabilities | 4,008,043 | 3,858,439 | 3,752,527 | |
| Accrued interest | 760,579 | 650,321 | 656,460 | |
| Deferred well development costs | 2,649,260 | 2,807,698 | 2,799,260 | |
| Convertible debt contributed for net working interest | 575,000 | 575,000 | 575,000 | |
| Bridge securities, net of debt discount | 59,030 | 218,450 | 352,478 | |
| Promissory note, net of debt discount | 1,475,000 | 1,251,871 | 181,349 | |
| Revolving note | 1,060,061 | 1,060,061 | 1,060,061 | |
| Note payable related party | 292,099 | 292,099 | 292,099 | |
| Note payable alleghany, net of debt discount | 617,934 | 617,934 | 617,934 | |
| Note payable, current portion | 62,038 | 61,884 | 61,729 | |
| Total current liabilities | 14,016,099 | 13,842,300 | 12,909,540 | |
| Asset retirement obligation | 157,394 | 285,092 | 285,092 | |
| Long-term note, net of current portion | 794,604 | 810,172 | 825,701 | |
| Total noncurrent liabilities | 951,998 | 1,095,264 | 1,110,793 | |
| Total liabilities | 14,968,097 | 14,937,564 | 14,020,333 | |
| Common stock 0.0001 par value 120,000,000 and 120,000,000 shares authorized 77,352,405 and 74,771,476 issued and outstanding as of november 30, 2025 and may 31, 2025, respectively | 7,735 | 7,489 | 7,477 | |
| Additional paid in capital | 16,897,332 | 13,511,010 | 13,275,577 | |
| Subscription paid in advance | - | - | 50,000 | |
| Accumulated deficit | -30,168,557 | -26,857,443 | -25,905,369 | |
| Total stockholders deficit | -13,263,490 | -13,338,944 | -12,572,315 | |
| Total liabilities and stockholders deficit | 1,704,607 | 1,598,620 | 1,448,018 | |
Laredo Oil, Inc. (LRDC)
Laredo Oil, Inc. (LRDC)