10-Q
Quarterly Report
Loop Industries, Inc.
LOOP
NASDAQ
CIK: 1504678
File #: 001-38301
Balance Sheet
41 line items · 2 periods
XBRL
| Item | Aug 31, 2025 | Feb 28, 2025 |
|---|---|---|
Current assets | ||
Cash and cash equivalents | 7,310,000 | 12,973,000 |
Accounts receivable and other (Note 3) | 902,000 | 639,000 |
Inventories | 86,000 | 82,000 |
Prepaid expenses (Note 4) | 502,000 | 158,000 |
Total current assets | 8,800,000 | 13,852,000 |
Investments in joint ventures | 936,000 | 1,281,000 |
Property, plant and equipment, net (Note 5) | 1,754,000 | 1,737,000 |
Machinery and Equipment | 0 | 0 |
Building | 1,347,000 | 1,311,000 |
Land | 223,000 | 212,000 |
Building and Land Improvements | 95,000 | 125,000 |
Furniture and Fixtures | 89,000 | 89,000 |
Intangible assets, net (Note 6) | 1,800,000 | 1,708,000 |
Total assets | 13,290,000 | 18,578,000 |
Current liabilities | ||
Accounts payable and accrued liabilities (Note 8) | 3,335,000 | 3,545,000 |
Unearned revenue | 102,000 | 102,000 |
Current portion of long-term debt (Note 11) | 464,000 | 312,000 |
Debt Excluding Credit Facility | 464,000 | 312,000 |
Total current liabilities | 3,901,000 | 3,959,000 |
Due to customer | 865,000 | 832,000 |
Series B Convertible Preferred stock (Note 10) | 11,328,000 | 10,647,000 |
Fair Value, Inputs, Level 2 - Reported Value Measurement | 11,328,000 | 10,647,000 |
Fair Value, Inputs, Level 2 - Estimate of Fair Value Measurement | 11,328,000 | 10,647,000 |
Long-term debt (Note 11) | 2,664,000 | 2,773,000 |
Total liabilities | 18,758,000 | 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; 47,863,478 shares issued and outstanding (February 28, 2025 – 47,620,263) (Note 12) | 5,000 | 5,000 |
Additional paid-in capital | 194,370,000 | 193,529,000 |
Accumulated deficit | (198,678,000) | (192,027,000) |
Accumulated other comprehensive loss | (1,165,000) | (1,140,000) |
Total stockholders’ equity (deficit) | (5,468,000) | 367,000 |
Common Stock | 5,000 | 5,000 |
Preferred Stock | 0 | 0 |
Additional Paid-in Capital | 194,370,000 | 193,529,000 |
Other Additional Capital | 0 | 0 |
Retained Earnings | (198,678,000) | (192,027,000) |
AOCI Attributable to Parent | (1,165,000) | (1,140,000) |
Total liabilities and stockholders’ equity (deficit) | 13,290,000 | 18,578,000 |