10-Q
Quarterly Report
Loop Industries, Inc.
LOOP
NASDAQ
CIK: 1504678
File #: 001-38301
Balance Sheet
41 line items · 2 periods
XBRL
| Item | Nov 30, 2025 | Feb 28, 2025 |
|---|---|---|
Current assets | ||
Cash and cash equivalents | 5,204,000 | 12,973,000 |
Accounts receivable and other (Note 3) | 300,000 | 639,000 |
Inventories | 85,000 | 82,000 |
Prepaid expenses (Note 4) | 410,000 | 158,000 |
Total current assets | 5,999,000 | 13,852,000 |
Equity method investments (Note 9) | 1,831,000 | 1,281,000 |
Property, plant and equipment, net (Note 5) | 1,690,000 | 1,737,000 |
Machinery and Equipment | 0 | 0 |
Building | 1,309,000 | 1,311,000 |
Land | 219,000 | 212,000 |
Building and Land Improvements | 77,000 | 125,000 |
Furniture and Fixtures | 85,000 | 89,000 |
Intangible assets, net (Note 6) | 1,770,000 | 1,708,000 |
Total assets | 11,290,000 | 18,578,000 |
Current liabilities | ||
Accounts payable and accrued liabilities (Note 8) | 2,935,000 | 3,545,000 |
Unearned revenue | 102,000 | 102,000 |
Current portion of long-term debt (Note 11) | 510,000 | 312,000 |
Debt Excluding Credit Facility | 510,000 | 312,000 |
Total current liabilities | 3,547,000 | 3,959,000 |
Due to customer | 882,000 | 832,000 |
Series B Convertible Preferred stock (Note 10) | 11,688,000 | 10,647,000 |
Fair Value, Inputs, Level 2 - Reported Value Measurement | 11,688,000 | 10,647,000 |
Fair Value, Inputs, Level 2 - Estimate of Fair Value Measurement | 11,688,000 | 10,647,000 |
Long-term debt (Note 11) | 2,496,000 | 2,773,000 |
Total liabilities | 18,613,000 | 18,211,000 |
Stockholders’ Equity (Deficit) | ||
Series A Preferred stock par value $0.0001; 25,000,000 shares authorized; one share issued and outstanding | 0 | 0 |
Common stock par value $0.0001; 250,000,000 shares authorized; 48,337,555 shares issued and outstanding (February 28, 2025 – 47,620,263) (Note 12) | 5,000 | 5,000 |
Additional paid-in capital | 195,452,000 | 193,529,000 |
Accumulated deficit | (201,622,000) | (192,027,000) |
Accumulated other comprehensive loss | (1,158,000) | (1,140,000) |
Total stockholders’ equity (deficit) | (7,323,000) | 367,000 |
Common Stock | 5,000 | 5,000 |
Preferred Stock | 0 | 0 |
Additional Paid-in Capital | 195,452,000 | 193,529,000 |
Other Additional Capital | 0 | 0 |
Retained Earnings | (201,622,000) | (192,027,000) |
AOCI Attributable to Parent | (1,158,000) | (1,140,000) |
Total liabilities and stockholders’ equity (deficit) | 11,290,000 | 18,578,000 |