2022 Q4 Form 10-Q Financial Statement
#000119983522000601 Filed on October 24, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $286.1K | ||
YoY Change | -82.93% | ||
Cost Of Revenue | $591.1K | ||
YoY Change | -65.61% | ||
Gross Profit | -$305.0K | ||
YoY Change | 611.48% | ||
Gross Profit Margin | -106.6% | ||
Selling, General & Admin | $469.4K | $592.4K | $165.0K |
YoY Change | 117.83% | 259.11% | 18.03% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $9.310K | $12.88K | $13.95K |
YoY Change | -33.31% | -7.71% | |
% of Gross Profit | |||
Operating Expenses | $624.9K | $927.7K | $165.0K |
YoY Change | 190.01% | 462.4% | 18.03% |
Operating Profit | -$624.9K | -$927.7K | -$470.0K |
YoY Change | 24.18% | 97.4% | 157.33% |
Interest Expense | $98.50K | $82.55K | -$1.520K |
YoY Change | -375.53% | -5531.18% | -87.54% |
% of Operating Profit | |||
Other Income/Expense, Net | $23.89K | $131.2K | |
YoY Change | -81.79% | ||
Pretax Income | -$749.8K | -$874.6K | $884.6K |
YoY Change | 39.1% | -198.88% | -554.03% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$749.8K | -$874.6K | $884.6K |
YoY Change | 39.1% | -198.87% | -554.03% |
Net Earnings / Revenue | 309.16% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.01 | -$15.84K | $16.23K |
COMMON SHARES | |||
Basic Shares Outstanding | 55.79M shares | 55.79M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $99.67K | $116.7K | $824.4K |
YoY Change | -92.51% | -85.84% | -13.11% |
Cash & Equivalents | $99.67K | $116.7K | $824.4K |
Short-Term Investments | |||
Other Short-Term Assets | $16.70K | $25.17K | $171.9K |
YoY Change | -89.33% | -85.36% | 508.35% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $11.98K | $1.780K | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $128.3K | $143.6K | $1.148M |
YoY Change | -91.82% | -87.49% | -9.72% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.543M | $4.453M | $911.2K |
YoY Change | 336.02% | 388.75% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $345.3K | $371.7K | $340.1K |
YoY Change | 1.31% | 9.27% | -24.23% |
Other Assets | $30.00K | $30.00K | |
YoY Change | 200.0% | ||
Total Long-Term Assets | $4.918M | $4.855M | $1.251M |
YoY Change | 253.12% | 288.0% | 178.75% |
TOTAL ASSETS | |||
Total Short-Term Assets | $128.3K | $143.6K | $1.148M |
Total Long-Term Assets | $4.918M | $4.855M | $1.251M |
Total Assets | $5.047M | $4.999M | $2.399M |
YoY Change | 70.33% | 108.34% | 39.46% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.779M | $1.684M | $185.4K |
YoY Change | 1924.7% | 808.1% | 123.1% |
Accrued Expenses | $2.101M | $1.883M | $1.602M |
YoY Change | 29.63% | 17.58% | -22.66% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.657M | $1.168M | $607.9K |
YoY Change | 112.25% | 92.08% | 73.68% |
Long-Term Debt Due | $344.1K | $343.8K | $73.83K |
YoY Change | 118.01% | 365.65% | -89.15% |
Total Short-Term Liabilities | $7.680M | $6.932M | $2.564M |
YoY Change | 105.21% | 170.32% | -20.62% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.315M | $1.395M | $1.184M |
YoY Change | 19.8% | 17.89% | 113.92% |
Other Long-Term Liabilities | $64.85K | $63.31K | |
YoY Change | |||
Total Long-Term Liabilities | $1.380M | $1.459M | $1.184M |
YoY Change | 25.71% | 23.24% | 113.92% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $7.680M | $6.932M | $2.564M |
Total Long-Term Liabilities | $1.380M | $1.459M | $1.184M |
Total Liabilities | $9.060M | $8.391M | $3.748M |
YoY Change | 87.17% | 123.87% | -0.94% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$12.84M | ||
YoY Change | |||
Common Stock | $5.578K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$4.014M | -$3.392M | -$1.349M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $5.047M | $4.999M | $2.399M |
YoY Change | 70.33% | 108.34% | 39.46% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$749.8K | -$874.6K | $884.6K |
YoY Change | 39.1% | -198.87% | -554.03% |
Depreciation, Depletion And Amortization | $9.310K | $12.88K | $13.95K |
YoY Change | -33.31% | -7.71% | |
Cash From Operating Activities | -$477.2K | -$402.2K | -$272.7K |
YoY Change | 0.74% | 47.46% | 102.29% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $303.00 | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$37.34K | -$949.2K | -$99.50K |
YoY Change | -79.32% | 853.92% | -77.83% |
Cash From Investing Activities | -$37.34K | -$949.5K | -$99.50K |
YoY Change | -79.32% | 854.22% | -77.83% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 497.5K | $1.359M | 0.000 |
YoY Change | -57.1% | ||
NET CHANGE | |||
Cash From Operating Activities | -477.2K | -$402.2K | -272.7K |
Cash From Investing Activities | -37.34K | -$949.5K | -99.50K |
Cash From Financing Activities | 497.5K | $1.359M | 0.000 |
Net Change In Cash | -17.02K | $7.515K | -372.2K |
YoY Change | -103.37% | -102.02% | -36.23% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$477.2K | -$402.2K | -$272.7K |
Capital Expenditures | $0.00 | $303.00 | |
Free Cash Flow | -$477.2K | -$402.5K | -$272.7K |
YoY Change | 47.57% |
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IncomeLossFromEquityMethodInvestments
|
-10905 | usd |
CY2021Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
10847 | usd |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
82554 | usd |
CY2021Q3 | us-gaap |
Interest Expense
InterestExpense
|
12366 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-874625 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
884576 | usd |
CY2022Q3 | lrdc |
Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
|
-0.02 | |
CY2021Q3 | lrdc |
Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
|
0.02 | |
CY2022Q3 | lrdc |
Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
|
55200901 | shares |
CY2021Q3 | lrdc |
Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
|
54514765 | shares |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2797949 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
187257 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
133110 | usd |
CY2022Q3 | lrdc |
Cumulative Effect Of Accounting Changes
CumulativeEffectOfAccountingChanges
|
-39718 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-874625 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-3391925 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2236598 | usd |
CY2021Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3288 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
884576 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1348734 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-874625 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
884576 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
133110 | usd |
CY2021Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3288 | usd |
CY2022Q3 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
187257 | usd |
CY2022Q3 | us-gaap |
Depreciation
Depreciation
|
12875 | usd |
CY2021Q3 | us-gaap |
Depreciation
Depreciation
|
13953 | usd |
CY2022Q3 | us-gaap |
Accretion Expense
AccretionExpense
|
1544 | usd |
CY2021Q3 | lrdc |
Income From Ppp Loan Forgiveness
IncomeFromPppLoanForgiveness
|
1224908 | usd |
CY2022Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
21708 | usd |
CY2021Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
7579 | usd |
CY2022Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-10905 | usd |
CY2021Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
10847 | usd |
CY2022Q3 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-22364 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-16892 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-2936 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
95231 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-33865 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-98644 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
143526 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
35354 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
20710 | usd |
CY2021Q3 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
4794 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-402155 | usd |
CY2021Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-272732 | usd |
CY2022Q3 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
18438 | usd |
CY2022Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
303 | usd |
CY2022Q3 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
930710 | usd |
CY2021Q3 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
99497 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-949451 | usd |
CY2021Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-99497 | usd |
CY2022Q3 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
89698 | usd |
CY2022Q3 | lrdc |
Proceeds From Revolving Note
ProceedsFromRevolvingNote
|
798000 | usd |
CY2022Q3 | lrdc |
Proceeds From Prefunded Drilling Costs
ProceedsFromPrefundedDrillingCosts
|
715438 | usd |
CY2022Q3 | lrdc |
Ppp Loan Repayments
PPPLoanRepayments
|
-64619 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1359121 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
7515 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-372229 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
109183 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1196650 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
116698 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
824421 | usd |
CY2022Q3 | lrdc |
Oil And Gas Acquisition Costs In Accounts Payable
OilAndGasAcquisitionCostsInAccountsPayable
|
474750 | usd |
CY2021Q3 | lrdc |
Oil And Gas Acquisition Costs In Accounts Payable
OilAndGasAcquisitionCostsInAccountsPayable
|
16423 | usd |
CY2022Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
29584 | usd |
CY2022Q3 | lrdc |
Sale Of Assets In Exchange For Note Payable Repayment
SaleOfAssetsInExchangeForNotePayableRepayment
|
136479 | usd |
CY2008Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
90000000 | shares |
CY2008Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2008Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2008Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q3 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
4169319 | usd |
CY2022Q3 | lrdc |
Disclosure Organization And Description Of Business Details Abstact
DisclosureOrganizationAndDescriptionOfBusinessDetailsAbstact
|
<table cellpadding="0" cellspacing="0" id="xdx_886_ecustom--DisclosureOrganizationAndDescriptionOfBusinessDetailsAbstact_zLpg9qzjEEgi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%" summary="xdx: Disclosure - ORGANIZATION AND DESCRIPTION OF BUSINESS (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"/><td/> <td style="white-space: nowrap; text-align: center"/> <td id="xdx_49B_20220601__20220831_zpk2tvkIanJ" style="white-space: nowrap; text-align: center"/> <td style="white-space: nowrap; text-align: center"/> <td style="white-space: nowrap; text-align: center"/> <td style="white-space: nowrap; text-align: center"/> <td id="xdx_494_20210601__20210831_z6darR1fa4Sk" style="white-space: nowrap; text-align: center"/><td/></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="6" style="white-space: nowrap; text-align: center">For the Three Months Ended</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="6" style="white-space: nowrap; text-align: center">August 31,</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2021</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">Numerator – net income (loss) attributable to common stockholders</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(874,625</td><td style="width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">884,576</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -8.65pt; padding-left: 8.65pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--WeightedAverageNumberOfShareOutstandingBasicAndDiluted1_zU1jkEFJnR87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-indent: -8.65pt; padding-left: 8.65pt">Denominator – weighted average number of common shares outstanding</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">55,200,901</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">54,514,765</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -8.65pt; padding-left: 8.65pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--EarningsPerShareBasicAndDiluted1_zkXLrqxZmtth" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -8.65pt; padding-left: 8.65pt">Basic and diluted earnings/(loss) per common share</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.02</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.02</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-874625 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
884576 | usd |
CY2022Q3 | lrdc |
Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
|
55200901 | shares |
CY2021Q3 | lrdc |
Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
|
54514765 | shares |
CY2022Q3 | lrdc |
Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
|
-0.02 | |
CY2021Q3 | lrdc |
Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
|
0.02 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
3.149 | pure |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
3.146 | pure |
CY2021Q3 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
2702715 | usd |
CY2022Q3 | lrdc |
Disclosure Summary Of Significant Accounting Policies Details Abstact
DisclosureSummaryOfSignificantAccountingPoliciesDetailsAbstact
|
<table cellpadding="0" cellspacing="0" id="xdx_88E_ecustom--DisclosureSummaryOfSignificantAccountingPoliciesDetailsAbstact_zGMJvu2YeFsi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="2" id="xdx_49E_20220601__20220831_zpPBVS1X1eL" style="white-space: nowrap; text-align: center">August 31,</td><td> </td><td> </td> <td colspan="2" id="xdx_496_20210601__20210831_z28KqKiO8h3b" style="white-space: nowrap; text-align: center">May 31,</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr id="xdx_40F_eus-gaap--CostsIncurredDevelopmentCosts_maCIOAGzemR_zPzN7KEWLi3g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Intangible and tangible drilling costs</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">3,149,785</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">1,857,967</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--CostsIncurredAcquisitionOfOilAndGasProperties_maCIOAGzemR_zLlbOo1IGGba" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Acquisition costs</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,019,534</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">844,748</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities_iT_mtCIOAGzemR_ze19PWt0HzW6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Oil and gas acquisition and drilling costs</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">4,169,319</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,702,715</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> | |
CY2022Q3 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
3149785 | usd |
CY2021Q3 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
1857967 | usd |
CY2022Q3 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
1019534 | usd |
CY2021Q3 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
844748 | usd |
CY2022Q3 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
4169319 | usd |
CY2021Q3 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
2702715 | usd |
CY2022Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
22500 | usd |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
81075 | usd | |
CY2022Q3 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
63306 | usd |
CY2022Q2 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
61762 | usd |
CY2022Q3 | us-gaap |
Accretion Expense
AccretionExpense
|
1544 | usd |
CY2022Q3 | lrdc |
Disclosure Stockholders Deficit Details Abstract
DisclosureStockholdersDeficitDetailsAbstract
|
<table cellpadding="0" cellspacing="0" id="xdx_883_ecustom--DisclosureStockholdersDeficitDetailsAbstract_zc5lqtGD5Hla" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%" summary="xdx: Disclosure - STOCKHOLDERS' DEFICIT (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_495_20220601__20220831_zqSEt5uDdEl" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">2022</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20210601__20210831_zMVUEZ7LdLD" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">2021</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr id="xdx_40F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_zMrVEGxqRrh4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left">Risk-free interest rate</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">1.85</td><td style="width: 1%; text-align: left">%</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">0.95</td><td style="width: 1%; text-align: left">%</td></tr> <tr id="xdx_409_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_zgMgacF8eh25" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0</td><td style="text-align: left">%</td></tr> <tr id="xdx_40E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_dp_z6FEqcTvi0Z4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">314.9</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">314.6</td><td style="text-align: left">%</td></tr> <tr id="xdx_408_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dt_zEyGmFjcv4oe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected life of options</td><td> </td> <td style="text-align: left"> </td><td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl0477">6.0 years</span></span></td><td> </td> <td style="text-align: left"> </td><td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl0478">6.0 years</span></span></td></tr> </table> | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
1.85 | pure |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.95 | pure |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2022Q3 | lrdc |
Disclosure Notes Payable Details Abstract
DisclosureNotesPayableDetailsAbstract
|
<table cellpadding="0" cellspacing="0" id="xdx_883_ecustom--DisclosureNotesPayableDetailsAbstract_zA65gUybsb54" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%" summary="xdx: Disclosure - NOTES PAYABLE (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20220831_zRf5JZ8znK51" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">August 31,</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" id="xdx_498_20220531_zX3lKZwt5Wkb" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">May 31,</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr id="xdx_403_eus-gaap--NotesPayableRelatedPartiesCurrentAndNoncurrent_iI_zRLrzRzMVx3j" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left">Total note payable – Alleghany</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">617,934</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">617,934</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_iI_zkNfv3Qxi3bk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less debt discount</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0500">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0501">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DueToRelatedPartiesCurrent_iI_zTz2PTVwkJod" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Less amounts classified as current</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0503">-</span></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">617,934</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Note payable – Alleghany, net of current portion</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">617,934</p></td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> | |
CY2022Q3 | us-gaap |
Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
|
617934 | usd |
CY2022Q2 | us-gaap |
Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
|
617934 | usd |
CY2022Q2 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
617934 | usd |
CY2022Q3 | lrdc |
Disclosure Notes Payable Details2 Abstract
DisclosureNotesPayableDetails2Abstract
|
<table cellpadding="0" cellspacing="0" id="xdx_88C_ecustom--DisclosureNotesPayableDetails2Abstract_zSaEEPbaFYmg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%" summary="xdx: Disclosure - NOTES PAYABLE (Details 2)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20220831_zD6XC1z4J7A2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">August 31,</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" id="xdx_490_20220531_zkDWEDCLLzXj" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">May 31,</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">2022</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr id="xdx_40D_eus-gaap--NotesPayable_iI_zHfjEq7FTSol" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left">Total PPP Loan</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">1,121,333</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">1,185,952</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--NotesPayableCurrent_iI_zK8be4rZCDLd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less amounts classified as current</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">343,785</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">328,613</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LongTermNotesPayable_iI_zkEbo34Rsa2h" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">PPP loan, excluding current portion</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">777,548</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">857,339</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> | |
CY2022Q3 | us-gaap |
Notes Payable
NotesPayable
|
1121333 | usd |
CY2022Q2 | us-gaap |
Notes Payable
NotesPayable
|
1185952 | usd |
CY2022Q3 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
343785 | usd |
CY2022Q2 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
328613 | usd |
CY2022Q3 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
777548 | usd |
CY2022Q2 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
857339 | usd |
CY2022Q3 | lrdc |
Disclosure Equity Method Investment Details Abstract
DisclosureEquityMethodInvestmentDetailsAbstract
|
<table cellpadding="0" cellspacing="0" id="xdx_891_ecustom--DisclosureEquityMethodInvestmentDetailsAbstract_zlcNrWN3RM01" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 79%" summary="xdx: Disclosure - EQUITY METHOD INVESTMENT (Details)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: left">Balance Sheet:</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20220831__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__custom--CatCreekMember_zsQaeFOumsmf" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">As of <br/> August 31, 2022</td><td style="padding-bottom: 1pt"> </td> <td style="background-color: White"> </td></tr> <tr id="xdx_403_eus-gaap--AssetsCurrent_iI_z9Q7TtMiqW64" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 45%; text-align: justify">Current Assets</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">300,632</td><td style="width: 1%; text-align: left"> </td> <td style="background-color: White; width: 17%"> </td></tr> <tr id="xdx_40D_eus-gaap--AssetsNoncurrent_iI_zUJkkOxnGzqe" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Non-current Assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,051,078</td><td style="padding-bottom: 1pt; text-align: left"> </td> <td style="background-color: White"> </td></tr> <tr id="xdx_40B_eus-gaap--Assets_iI_zWCKGOitpI61" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,351,710</td><td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="background-color: White"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="background-color: White"> </td></tr> <tr id="xdx_400_eus-gaap--LiabilitiesCurrent_iI_zBoJcByhYdk3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Current Liabilities</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">254,242</td><td style="text-align: left"> </td> <td style="background-color: White"> </td></tr> <tr id="xdx_40D_eus-gaap--LiabilitiesNoncurrent_iI_zPrp6M7zjNLe" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Non-current Liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">429,870</td><td style="text-align: left"> </td> <td style="background-color: White"> </td></tr> <tr id="xdx_408_eus-gaap--StockholdersEquity_iI_zN2jqYN25Upk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Shareholders equity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">667,598</td><td style="padding-bottom: 1pt; text-align: left"> </td> <td style="background-color: White"> </td></tr> <tr id="xdx_409_eus-gaap--LiabilitiesAndStockholdersEquity_iI_zmeGMW1JJVSb" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 2.5pt">Total Liabilities and Shareholders Equity</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,351,710</td><td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="background-color: White"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 79%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: left">Results of Operations:</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20220601__20220831__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__custom--CatCreekMember_zaGLhej8MaHi" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Three Months<br/> Ended<br/> August 31, 2022</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20210601__20210831__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__custom--CatCreekMember_zDaCQiZ0g3A" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Three Months<br/> Ended<br/> August 31, 2021</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_403_eus-gaap--Revenues_z0k4qM9ss5nh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 45%; text-align: justify; padding-bottom: 2.5pt">Revenue</td><td style="padding-bottom: 2.5pt; width: 3%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 12%; text-align: right">259,416</td><td style="padding-bottom: 2.5pt; width: 1%; text-align: left"> </td><td style="padding-bottom: 2.5pt; width: 3%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 12%; text-align: right">147,681</td><td style="padding-bottom: 2.5pt; width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--GrossProfit_zCOy8l1gJBx6" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 2.5pt">Gross Profit</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">220,188</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">88,633</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--NetIncomeLoss_zdESA1LTMTh9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Net Income (Loss)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(21,810</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">21,693</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> | |
CY2022Q3 | lrdc |
Disclosure Equity Method Investment Details2 Abstract
DisclosureEquityMethodInvestmentDetails2Abstract
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<table cellpadding="0" cellspacing="0" id="xdx_888_ecustom--DisclosureEquityMethodInvestmentDetails2Abstract_zNYtzlGPEi7h" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 79%" summary="xdx: Disclosure - EQUITY METHOD INVESTMENT (Details 2)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: left">Balance Sheet:</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20220831__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__custom--Olfert114HoldingsMember_zvJRNt2ruo47" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">As of<br/> August 31, 2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_406_eus-gaap--AssetsCurrent_iI_zPsgDtKyEMMh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 62%; text-align: left">Current Assets</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">508</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--AssetsNoncurrent_iI_zjqPQpqqFyz" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Non-current Assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,859,195</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--Assets_iI_zamPQBpCBdAh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,859,703</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--StockholdersEquity_iI_zI6HEDaSHv62" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Shareholders equity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,859,703</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LiabilitiesAndStockholdersEquity_iI_zUy4a3P7i2ef" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Liabilities and Shareholders Equity</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,859,703</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> |