Every 10-Q that LAREDO OIL INC (LRDC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LRDC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LRDC filings page.
Laredo Oil, Inc. reports results for the three and nine months ended February 28, 2026, showing continuing losses, limited cash and a large stockholders’ deficit. Revenue from continuing operations was minimal while operating expenses, interest on high-cost debt and stock-based compensation drove a nine‑month net loss of $5.48 million.
Total assets were about $1.42 million against liabilities of $15.65 million, leaving a stockholders’ deficit of $14.24 million. Management states there is “substantial doubt” about the company’s ability to continue as a going concern and describes dependence on new equity and debt financing to sustain operations.
Laredo Oil, Inc. reports Q2 fiscal 2026 results showing very limited revenue and mounting losses alongside heavy leverage. Revenue was only $1,598 for the quarter and $3,141 for the six months ended November 30, 2025, down from $7,688 in the prior-year period. The company posted a quarterly net loss of $3,311,114 and a six‑month net loss of $4,263,188, with loss per share of $0.04 and $0.06, respectively.
At November 30, 2025, Laredo Oil held $568,831 in cash and restricted cash and total assets of $1.7 million, against total liabilities of $15.0 million, resulting in a stockholders’ deficit of $13.3 million. Management discloses substantial doubt about the company’s ability to continue as a going concern, citing recurring losses, a large accumulated deficit and dependence on future financing.
To fund operations, the company issued 2,580,929 shares of common stock during the six months for proceeds of about $1.1 million and raised short‑term debt, including $1.275 million of promissory notes with 12% interest and attached warrants. Operating cash outflows were $1.5 million for the six months, while share‑based compensation expense totaled $2.0 million, significantly increasing reported operating expenses.
Laredo Oil, Inc. reported Q1 FY2026 results for the three months ended August 31, 2025. Revenue was $1,543 (vs. $6,048 a year ago). Operating loss was $691,718, and net loss was $952,074 or $0.01 per share, including $276,319 in net interest expense.
Liquidity remains tight. Cash and restricted cash were $416,900 with total assets of $1,598,620. Current liabilities were $13,842,300 and total liabilities $14,937,564, resulting in a stockholders’ deficit of $(13,338,944). Shares outstanding were 74,887,755 as of August 31, 2025, and 76,736,592 as of October 15, 2025. The company states that these conditions raise substantial doubt about its ability to continue as a going concern.
Operating cash use was $(861,667), offset by financing inflows of $1,001,200 from new short-term notes. During the quarter, the company issued $1,189,300 in subordinated promissory notes with 1,189,300 warrants at a $0.43 strike. Deferred well development liabilities totaled $2,807,698. Field activity included the Reddig 11-21 well being shut in and Texakoma wells paused pending evaluation. Subsequent to quarter-end, the company sold $42,850 of notes with matching warrants and issued 1,848,837 shares for $795,000 at an average price of $0.43.