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Oil and gas
acquisition and drilling...
$968,376
Property and equipment,
net
$87,352
Cash and cash
equivalents and restricted...
$264,166
Prepaid expenses and
other current assets
$50,134
Receivables related party
$37,500
Total property and
equipment, 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 and
stockholders deficit
$1,417,528
Total stockholders
deficit
-$14,235,368
Additional paid in capital
$17,045,206
Subscription paid in advance
$100,000
Common stock 0.0001 par
value 120,000,000 and...
$7,764
Total liabilities
$15,652,896
Total current
liabilities
$14,716,504
Total noncurrent
liabilities
$936,392
Accrued payroll
liabilities
$4,123,494
Deferred well
development costs
$2,549,260
Accounts payable
$2,278,471
Promissory note, net of debt
discount
$1,397,300
Revolving note
$1,060,061
Accounts payable related
party
$893,868
Accrued interest
$866,824
Note payable
alleghany, net of debt...
$617,934
Convertible debt
contributed for net working...
$575,000
Note payable related
party
$292,099
Note payable,
current portion
$62,193
Long-term note, net of
current portion
$778,998
Asset retirement
obligation
$157,394
Back
Back
Balance Sheet
source: myfinsight.com
Laredo Oil, Inc. (LRDC)
Laredo Oil, Inc. (LRDC)