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Balance Sheets Overview

Current Ratio
2.39%
Quick Ratio
2.39%
Debt to Asset Ratio
1104.24%
Unit: Dollar
Assets Breakdown
    • Oil and gas acquisition and dril...
    • Cash and cash equivalents and re...
    • Prepaid expenses and other curre...
    • Others
Liabilities Breakdown
    • Accumulated deficit
    • Additional paid in capital
    • Accrued payroll liabilities
    • Others
Balance Sheets
2026-02-28
2025-11-30
2025-08-31
2025-05-31
Cash and cash equivalents and restricted cash
264,166
568,831
416,900
277,367
Receivables related party
37,500
37,500
28,155
0
Prepaid expenses and other current assets
50,134
25,671
31,250
21,156
Total current assets
351,800
632,002
476,305
298,523
Oil and gas acquisition and drilling costs
968,376
968,376
1,001,209
1,001,209
Property and equipment, net
87,352
94,229
101,106
108,286
Total property and equipment, net
1,055,728
1,062,605
1,102,315
1,109,495
Other assets
10,000
10,000
20,000
40,000
Total assets
1,417,528
1,704,607
1,598,620
1,448,018
Convertible debt, net of debt discount
-
-
-
0
Accounts payable
2,278,471
2,132,055
2,123,543
2,158,299
Accounts payable related party
893,868
325,000
325,000
402,344
Accrued payroll liabilities
4,123,494
4,008,043
3,858,439
3,752,527
Accrued interest
866,824
760,579
650,321
656,460
Deferred well development costs
2,549,260
2,649,260
2,807,698
2,799,260
Convertible debt contributed for net working interest
575,000
575,000
575,000
575,000
Bridge securities, net of debt discount
-
59,030
218,450
352,478
Promissory note, net of debt discount
1,397,300
1,475,000
1,251,871
181,349
Revolving note
1,060,061
1,060,061
1,060,061
1,060,061
Note payable related party
292,099
292,099
292,099
292,099
Note payable alleghany, net of debt discount
617,934
617,934
617,934
617,934
Note payable, current portion
62,193
62,038
61,884
61,729
Total current liabilities
14,716,504
14,016,099
13,842,300
12,909,540
Asset retirement obligation
157,394
157,394
285,092
285,092
Long-term note, net of current portion
778,998
794,604
810,172
825,701
Total noncurrent liabilities
936,392
951,998
1,095,264
1,110,793
Total liabilities
15,652,896
14,968,097
14,937,564
14,020,333
Common stock 0.0001 par value 120,000,000 and 120,000,000 shares authorized 77,643,102 and 74,771,476 issued and outstanding as of february 28, 2026 and may 31, 2025, respectively
7,764
7,735
7,489
7,477
Additional paid in capital
17,045,206
16,897,332
13,511,010
13,275,577
Subscription paid in advance
100,000
-
-
50,000
Accumulated deficit
-31,388,338
-30,168,557
-26,857,443
-25,905,369
Total stockholders deficit
-14,235,368
-13,263,490
-13,338,944
-12,572,315
Total liabilities and stockholders deficit
1,417,528
1,704,607
1,598,620
1,448,018
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Oil and gasacquisition and drilling...$968,376 Property and equipment,net$87,352 Cash and cashequivalents and restricted...$264,166 Prepaid expenses andother current assets$50,134 Receivables related party$37,500 Total property andequipment, net$1,055,728 Total current assets$351,800 Other assets$10,000 Total assets$1,417,528 Accumulated deficit-$31,388,338 Total liabilities andstockholders deficit$1,417,528 Total stockholdersdeficit-$14,235,368 Additional paid in capital$17,045,206 Subscription paid in advance$100,000 Common stock 0.0001 parvalue 120,000,000 and...$7,764 Total liabilities$15,652,896 Total currentliabilities$14,716,504 Total noncurrentliabilities$936,392 Accrued payrollliabilities$4,123,494 Deferred welldevelopment costs$2,549,260 Accounts payable$2,278,471 Promissory note, net of debtdiscount$1,397,300 Revolving note$1,060,061 Accounts payable relatedparty$893,868 Accrued interest$866,824 Note payable alleghany, net of debt...$617,934 Convertible debtcontributed for net working...$575,000 Note payable relatedparty$292,099 Note payable,current portion$62,193 Long-term note, net ofcurrent portion$778,998 Asset retirementobligation$157,394

Laredo Oil, Inc. (LRDC)

Laredo Oil, Inc. (LRDC)