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Property and equipment,net$94,229 Oil and gasacquisition and drilling...$968,376 Prepaid expenses andother current assets$25,671 Receivables related party$37,500 Cash and cashequivalents and restricted...$568,831 Other assets$10,000 Total property andequipment, net$1,062,605 Total current assets$632,002 Total assets$1,704,607 Accumulated deficit-$30,168,557 Total liabilities andstockholders deficit$1,704,607 Total stockholdersdeficit-$13,263,490 Additional paid in capital$16,897,332 Common stock 0.0001 parvalue 120,000,000 and...$7,735 Total liabilities$14,968,097 Total noncurrentliabilities$951,998 Total currentliabilities$14,016,099 Long-term note, net ofcurrent portion$794,604 Asset retirementobligation$157,394 Note payable,current portion$62,038 Note payable alleghany, net of debt...$617,934 Note payable relatedparty$292,099 Revolving note$1,060,061 Promissory note, net of debtdiscount$1,475,000 Bridge securities, netof debt discount$59,030 Convertible debtcontributed for net working...$575,000 Deferred welldevelopment costs$2,649,260 Accrued interest$760,579 Accrued payrollliabilities$4,008,043 Accounts payable relatedparty$325,000 Accounts payable$2,132,055
Balance Sheet
source: myfinsight.com

Laredo Oil, Inc. (LRDC)

Laredo Oil, Inc. (LRDC)