$LRDC Cashflow Statement | Understand Stock

$LRDC

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In USD, except per-share amounts

	Year to May 2025 12 months to May 31, 2025	Year to May 2023 12 months to May 31, 2023	Year to May 2022 12 months to May 31, 2022	Year to May 2021 12 months to May 31, 2021	Year to May 2020 12 months to May 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Numerator - net loss attributable to common stockholders
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Stock based compensation expense
Restricted stock expense
Income from PPP loan forgiveness
Amortization of debt discount
Bargain purchase gain
Equity method (income)/loss
Impairment of long-term assets
Depreciation
Accretion expense
Gain on sale of assets
Receivables
Changes in operating assets and liabilities:
Receivables
Receivables from related party
Prepaid expenses and other current assets
Accounts payable and accrued liabilities
Accrued payroll liabilities
Accrued interest
Deferred revenue

NET CASH USED IN OPERATING ACTIVITIES
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of property and equipment
Investment in property, plant and equipment
Investment in oil and gas field acquisition and drilling costs
Investment in SORC, net of cash acquired
Investment in equity method investment
NET CASH USED IN INVESTING ACTIVITIES
Proceeds from PPP loan

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible debt
Repayment of convertible debt
Proceeds from note payable – related party
Proceeds from bridge notes
Proceeds from revolving note
Repayment of revolving note
Proceeds from Promissory note
Repayment of bridge notes
Proceeds from prefunded drilling costs
Proceeds from PPP loan
Repayment of prefunded drilling costs
PPP loan repayments
Repayment of note payable
Proceeds from sale of common stock

NET CASH PROVIDED BY FINANCING ACTIVITIES
Net change in cash and cash equivalents
Cash and cash equivalents at end of period
Oil and gas acquisition costs in accounts payable
Net change in cash and cash equivalents and restricted cash
Cash and cash equivalents at beginning of period
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest expense
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Oil and gas acquisition costs in accounts payable
Long-lived assets in exchange for reduction in deferred compensation
Sale of assets in exchange for note payable repayment
Conversion of convertible debt to common stock
Relative fair value of warrants granted with debt
Gain on investment in oil and gas properties – related party
Initial asset retirement obligation and related liability
Reclassification of contingent liability to convertible debt
Issuance of common stock in exchange for note payable

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