Laredo Oil, Inc.

10-Q

Quarterly Report

CIK: 1442492

File #: 333-153168

Period End: Aug 31, 2026

Fiscal Year: 2027

View on EDGAR

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