10-Q
Quarterly Report
Loop Industries, Inc.
LOOP
NASDAQ
CIK: 1504678
File #: 000-54768
Balance Sheet
45 line items · 2 periods
XBRL
| Item | Nov 30, 2023 | Feb 28, 2023 |
|---|---|---|
Condensed Consolidated Balance Sheets | ||
Assets | ||
Current assets | ||
Cash and Cash Equivalents | 9,366,000 | 29,591,000 |
Other Current Assets | 1,000,000 | 1,000,000 |
Other Non-Operating Current Assets | 411,000 | 1,075,000 |
Inventory | 937,000 | 727,000 |
Deposits on equipment (Note 5) | 8,460,000 | 3,395,000 |
Other Non-Operating Current Assets | 470,000 | 636,000 |
Total current assets | 20,644,000 | 36,424,000 |
Investment in joint venture | 381,000 | 381,000 |
Property, Plant and Equipment | 2,267,000 | 2,545,000 |
Office Equipment and Furniture | 120,000 | 134,000 |
Building And Land Improvements | 452,000 | 673,000 |
Land | 225,000 | 225,000 |
Building | 1,470,000 | 1,513,000 |
Intangible Assets | 1,485,000 | 1,210,000 |
Total assets | 24,777,000 | 40,560,000 |
Liabilities and Stockholders' Equity | ||
Current liabilities | ||
Accounts Payable | 1,560,000 | 2,510,000 |
Other Current Liabilities | 1,000,000 | 1,012,000 |
Short-Term Debt | 501,000 | 62,000 |
Investissement Quebec Financing Facility | 501 | 62 |
Total current liabilities | 3,061,000 | 3,584,000 |
Long-Term Debt | 2,814,000 | 3,240,000 |
Investissement Quebec Financing Facility | 2,814,000 | 3,240,000 |
Total liabilities | 5,875,000 | 6,824,000 |
Stockholders' Equity | ||
Preferred Stock | 0 | 0 |
Total Stockholders' Equity | 5,000 | 5,000 |
Total Stockholders' Equity | 171,510,000 | 170,370,000 |
Additional paid-in capital - Warrants | 20,385,000 | 20,385,000 |
Total Stockholders' Equity | (171,878,000) | (155,883,000) |
Total Stockholders' Equity | (1,120,000) | (1,141,000) |
Total stockholders' equity | 18,902,000 | 33,736,000 |
Common Stock | 5,000 | 5,000 |
Accumulated other comprehensive Income (Loss) | (1,120,000) | (1,141,000) |
Accumulated Deficit | (171,878,000) | (155,883,000) |
Additional Paid-in Capital - Warrants | 20,385,000 | 20,385,000 |
Additional Paid-In Capital | 171,510,000 | 170,370,000 |
Preferred Stock | 0 | 0 |
Common Stock | 5,000 | 5,000 |
Total liabilities and stockholders' equity | 24,777,000 | 40,560,000 |
Commitments (Note 18) |