10-Q
Quarterly Report
Loop Industries, Inc.
LOOP
NASDAQ
CIK: 1504678
File #: 001-38301
Balance Sheet
42 line items · 2 periods
XBRL
| Item | Aug 31, 2026 | Feb 28, 2026 |
|---|---|---|
Assets | ||
Cash and cash equivalents | 836,000 | 2,356,000 |
Accounts receivable and other (Note 3) | 422,000 | 755,000 |
Prepaid expenses (Note 4) | 313,000 | 495,000 |
Total current assets | 1,571,000 | 3,606,000 |
Equity method investments (Note 9) | 1,465,000 | 1,478,000 |
Property, plant and equipment, net (Note 5) | 1,627,000 | 1,699,000 |
Machinery and Equipment | 0 | 0 |
Building | 1,276,000 | 1,327,000 |
Land | 221,000 | 225,000 |
Building and Land Improvements | 51,000 | 63,000 |
Furniture and Fixtures | 79,000 | 84,000 |
Intangible assets, net (Note 6) | 1,710,000 | 1,776,000 |
Total assets | 6,373,000 | 8,559,000 |
Current liabilities | ||
Accounts payable and accrued liabilities (Note 8) | 2,094,000 | 1,916,000 |
Credit Facility (Note 11) | 1,411,000 | 0 |
Unearned revenue | 386,000 | 234,000 |
Current portion of long-term debt (Note 11) | 890,000 | 605,000 |
Investissment Quebec Loan | 890,000 | 605,000 |
Total current liabilities | 4,781,000 | 2,755,000 |
Due to customer | 936,000 | 900,000 |
Series B Convertible Preferred stock (Note 10) | 12,804,000 | 12,054,000 |
Fair Value, Inputs, Level 2 - Reported Value Measurement | 12,804,000 | 12,054,000 |
Fair Value, Inputs, Level 2 - Estimate of Fair Value Measurement | 11,340,000 | 11,770,000 |
Long-term debt (Note 11) | 1,986,000 | 2,430,000 |
Investissment Quebec Loan | 1,986,000 | 2,430,000 |
Total liabilities | 20,507,000 | 18,139,000 |
Stockholders’ Deficit | ||
Common stock par value $0.0001; 250,000,000 shares authorized; 48,812,574 shares issued and outstanding (February 28, 2026 – 48,337,555) (Note 12) | 5,000 | 5,000 |
Common Stock | 5,000 | 5,000 |
Additional paid-in capital | 197,794,000 | 195,934,000 |
Accumulated deficit | (210,698,000) | (204,326,000) |
Accumulated other comprehensive loss | (1,235,000) | (1,193,000) |
Total stockholders’ deficit | (14,134,000) | (9,581,000) |
Common Stock | 5,000 | 5,000 |
Preferred Stock | 0 | 0 |
Additional Paid-in Capital | 197,794,000 | 195,934,000 |
Additional Paid in Capital, Warrants | 0 | 0 |
Retained Earnings | (210,698,000) | (204,326,000) |
AOCI Attributable to Parent | (1,235,000) | (1,194,000) |
Total liabilities and stockholders’ deficit | 6,373,000 | 8,559,000 |