2021 Q4 Form 10-Q Financial Statement
#000119983522000057 Filed on January 19, 2022
Income Statement
Balance Sheet
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.330M | $1.041M |
| YoY Change | 27.77% | 171.27% |
| Cash & Equivalents | $1.330M | $1.041M |
| Short-Term Investments | ||
| Other Short-Term Assets | $156.6K | $11.31K |
| YoY Change | 1284.44% | -18.81% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $54.67K | $24.46K |
| Other Receivables | $28.84K | $0.00 |
| Total Short-Term Assets | $1.570M | $1.077M |
| YoY Change | 45.83% | 159.57% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.042M | $4.543M |
| YoY Change | -77.07% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $340.9K | $385.3K |
| YoY Change | -11.53% | |
| Other Assets | $10.00K | |
| YoY Change | ||
| Total Long-Term Assets | $1.393M | $385.3K |
| YoY Change | 261.5% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.570M | $1.077M |
| Total Long-Term Assets | $1.393M | $385.3K |
| Total Assets | $2.963M | $1.462M |
| YoY Change | 102.67% | 252.47% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $87.85K | $77.24K |
| YoY Change | 13.74% | 184.18% |
| Accrued Expenses | $1.621M | $2.046M |
| YoY Change | -20.77% | 17.05% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $780.6K | $350.0K |
| YoY Change | 123.02% | |
| Long-Term Debt Due | $157.8K | $67.29K |
| YoY Change | 134.57% | |
| Total Short-Term Liabilities | $3.743M | $2.586M |
| YoY Change | 44.71% | 42.04% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.098M | $1.166M |
| YoY Change | -5.86% | 233.25% |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $1.098M | $1.166M |
| YoY Change | -5.86% | 233.25% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.743M | $2.586M |
| Total Long-Term Liabilities | $1.098M | $1.166M |
| Total Liabilities | $4.841M | $3.753M |
| YoY Change | 29.0% | 72.87% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$13.59M | |
| YoY Change | ||
| Common Stock | $5.725K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$1.878M | -$2.291M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.963M | $1.462M |
| YoY Change | 102.67% | 252.47% |
Cashflow Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$539.0K | -$227.5K |
| YoY Change | 136.92% | -841.28% |
| Depreciation, Depletion And Amortization | $13.96K | |
| YoY Change | ||
| Cash From Operating Activities | -$473.7K | $92.01K |
| YoY Change | -614.79% | 47.83% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$180.5K | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$180.5K | $0.00 |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 1.160M | 0.000 |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -473.7K | 92.01K |
| Cash From Investing Activities | -180.5K | 0.000 |
| Cash From Financing Activities | 1.160M | 0.000 |
| Net Change In Cash | 505.4K | 92.01K |
| YoY Change | 449.33% | 47.83% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$473.7K | $92.01K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
1000000 | USD |
| CY2021Q2 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
USD | |
| CY2021Q2 | us-gaap |
Other Assets
OtherAssets
|
USD | |
| CY2021Q2 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
USD | |
| CY2021Q2 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
USD | |
| CY2021Q2 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
|
USD | |
| CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
USD | ||
| CY2021Q4 | lrdc |
Income From Ppp Loan Forgiveness
IncomeFromPppLoanForgiveness
|
USD | |
| lrdc |
Income From Ppp Loan Forgiveness
IncomeFromPppLoanForgiveness
|
USD | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
USD | ||
| us-gaap |
Depreciation
Depreciation
|
USD | ||
| lrdc |
Income From Ppp Loan Forgiveness
IncomeFromPppLoanForgiveness
|
USD | ||
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | ||
| us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
USD | ||
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
USD | ||
| us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
USD | ||
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
USD | ||
| us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
USD | ||
| us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
USD | ||
| us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | ||
| lrdc |
Proceeds From Prefunded Drilling Costs
ProceedsFromPrefundedDrillingCosts
|
USD | ||
| lrdc |
Ppp Loan Repayments
PPPLoanRepayments
|
USD | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | ||
| lrdc |
Oil And Gas Acquisition Costs In Accounts Payable
OilAndGasAcquisitionCostsInAccountsPayable
|
USD | ||
| CY2021Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2020Q4 | lrdc |
Income From Ppp Loan Forgiveness
IncomeFromPppLoanForgiveness
|
USD |
