Laredo Oil, Inc.: 10-K filed 2021-09-14
What Laredo Oil, Inc. reported in its annual report filed 2021-09-14 (fiscal FY 2021): 29 published measures, 59 facts as tagged in accession 0001199835-21-000571.
This filing
- Form
- 10-K (annual report)
- Filed
- 2021-09-14
- Fiscal period
- fiscal FY 2021
- Accession
- 0001199835-21-000571 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Laredo Oil, Inc. filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 2,770,808 | USD | |
| At 2020-05-31 | 1,623,061 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 5,007,406 | USD | |
| At 2020-05-31 | 3,491,423 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | -2,236,598 | USD | |
| At 2020-05-31 | -1,868,362 | USD | |
| At 2019-05-31 | -1,701,446 | USD |
Cash and cash equivalents
Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 1,196,650 | USD | |
| At 2020-05-31 | 1,532,511 | USD | |
| At 2019-05-31 | 289,559 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | -368,236 | USD | 365 |
| 2019-06-01 to 2020-05-31 | -166,916 | USD | 366 |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | -1,230,840 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 9,296 | USD | 366 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | 4,592,626 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 8,145,167 | USD | 366 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | 1,220,155 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 1,233,656 | USD | 366 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | -325,176 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 0 | USD | 366 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | -11,086,641 | USD | |
| At 2020-05-31 | -10,718,405 | USD |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | 0 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 0 | USD | 366 |
Net property, plant and equipment
Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 809,203 | USD | |
| At 2020-05-31 | 0 | USD |
Operating income or loss
Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | -682,682 | USD | 365 |
| 2019-06-01 to 2020-05-31 | -130,866 | USD | 366 |
Current assets
Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 1,632,322 | USD | |
| At 2020-05-31 | 1,623,061 | USD |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | 52,231 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 36,050 | USD | 366 |
Current liabilities
Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 3,160,615 | USD | |
| At 2020-05-31 | 2,731,545 | USD |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 267,643 | USD | |
| At 2020-05-31 | 20,954 | USD |
Net current accounts receivable
Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 168,522 | USD | |
| At 2020-05-31 | 0 | USD |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | 499,332 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 307,048 | USD | 366 |
Gross profit
Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | -183,350 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 176,182 | USD | 366 |
Cost of revenue
Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | 4,775,976 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 7,968,985 | USD | 366 |
Selling, general and administrative expense
Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | 119,350 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 75,000 | USD | 366 |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 54,514,765 | shares | |
| At 2020-05-31 | 54,514,765 | shares |
Additional paid-in capital
Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 8,844,592 | USD | |
| At 2020-05-31 | 8,844,592 | USD |
Gross property, plant and equipment
Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 433,676 | USD |
Accrued current liabilities
Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 1,559,283 | USD | |
| At 2020-05-31 | 1,581,847 | USD |
Prepaid expenses and other current assets
Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 267,150 | USD | |
| At 2020-05-31 | 58,492 | USD |
Net deferred tax assets
Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2021-05-31 | 0 | USD | |
| At 2020-05-31 | 0 | USD |
Depreciation expense
Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-06-01 to 2021-05-31 | 13,953 | USD | 365 |
| 2019-06-01 to 2020-05-31 | 0 | USD | 366 |
Inspect the source
- Entity
- Laredo Oil, Inc. / CIK 0001442492
- Captured
- 2026-09-20T09:04:11.689Z
- SEC response SHA-256
c47ac85d26a4d26eeaae474c8d9471b12f228c337180c6072cff1333f0a057e7
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
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import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0001442492.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))