10-Q
Quarterly Report
Laredo Oil, Inc.
CIK: 1442492
File #: 333-153168
Balance Sheet
41 line items · 2 periods
XBRL
| Item | Aug 31, 2026 | May 31, 2026 |
|---|---|---|
ASSETS | ||
Current Assets | ||
Cash and cash equivalents and restricted cash | 147,211 | 420,676 |
Receivables - related party | 41,100 | 37,500 |
Other Non-Operating Current Assets | 36,027 | 33,863 |
Total Current Assets | 224,338 | 492,039 |
Property and Equipment | ||
Property, Plant and Equipment | 61,812 | 67,172 |
Total Property and Equipment, net | 61,812 | 67,172 |
Investment in entity – related party | 643,225 | 643,225 |
Other Non-Operating Current Assets | 10,000 | 10,000 |
TOTAL ASSETS | 939,375 | 1,212,436 |
LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
Current Liabilities | ||
Accounts Payable | 3,287,939 | 2,813,598 |
Accounts payable and accrued liabilities – related party | 476,405 | 604,243 |
Other Current Liabilities | 3,825,469 | 3,719,601 |
Other Non-Operating Current Liabilities | 801,512 | 724,792 |
Deferred well development costs | 2,549,260 | 2,549,260 |
Convertible debt contributed for net working interest | 575,000 | 575,000 |
Bridge securities, net of debt discount | 362,264 | 202,261 |
Secured notes | 1,060,061 | 1,060,061 |
Note payable – related party | 212,099 | 292,099 |
Note payable – Alleghany, net of debt discount | 617,934 | 617,934 |
Short-Term Debt | 62,505 | 62,349 |
Total Current Liabilities | 13,830,448 | 13,221,198 |
Asset Retirement Obligations | 157,394 | 157,394 |
Olfert 11-4 well | 114,896 | 114,896 |
Texakoma wells | 42,498 | 42,498 |
Long-Term Debt | 747,667 | 763,352 |
Other Non-Operating Non-Current Liabilities | 905,061 | 920,746 |
TOTAL LIABILITIES | 14,735,509 | 14,141,944 |
Stockholders’ Deficit | ||
Total Stockholders' Equity | 8,550 | 8,424 |
Total Stockholders' Equity | 21,677,386 | 20,939,108 |
Total Stockholders' Equity | (35,482,070) | (33,877,040) |
Total Stockholders’ Deficit | (13,796,134) | (12,929,508) |
Common Stock | 8,550 | 8,424 |
Additional Paid-in Capital | 21,677,386 | 20,939,108 |
Retained Earnings | (35,482,070) | (33,877,040) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | 939,375 | 1,212,436 |