$LRDC
Laredo Oil, Inc. Stock $lrdc

$lrdc Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-Q Financial Statement

#000119983523000037 Filed on January 23, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2021 Q4
Revenue	$0.00		$286.1K
YoY Change	-100.0%		-77.07%
Cost Of Revenue	$0.00		$573.9K
YoY Change	-100.0%		-54.56%
Gross Profit	$0.00		-$287.8K
YoY Change	-100.0%		1782.08%
Gross Profit Margin			-100.58%
Selling, General & Admin	$590.2K	$469.4K	$215.5K
YoY Change	290.45%	117.83%	60.3%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$9.310K	$9.310K	$13.96K
YoY Change	-33.26%	-33.31%
% of Gross Profit
Operating Expenses	$590.2K	$624.9K	$215.5K
YoY Change	290.45%	190.01%	60.3%
Operating Profit	-$590.2K	-$624.9K	-$503.3K
YoY Change	37.97%	24.18%	236.15%
Interest Expense	-$108.9K	$98.50K	-$35.75K
YoY Change	356.01%	-375.53%	-54.04%
% of Operating Profit
Other Income/Expense, Net	$0.00
YoY Change
Pretax Income	-$699.0K	-$749.8K	-$539.0K
YoY Change	54.78%	39.1%	136.92%
Income Tax
% Of Pretax Income
Net Earnings	-$699.0K	-$749.8K	-$539.0K
YoY Change	54.78%	39.1%	136.92%
Net Earnings / Revenue			-188.38%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.01	-$0.01	-$9.887K
COMMON SHARES
Basic Shares Outstanding	57.26M shares	55.79M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q1	2022 Q4	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$7.180K	$99.67K	$1.330M
YoY Change	-99.28%	-92.51%	27.77%
Cash & Equivalents	$7.180K	$99.67K	$1.330M
Short-Term Investments
Other Short-Term Assets	$28.60K	$16.70K	$156.6K
YoY Change	24.78%	-89.33%	1284.44%
Inventory
Prepaid Expenses
Receivables	$1.780K	$11.98K	$54.67K
Other Receivables	$0.00	$0.00	$28.84K
Total Short-Term Assets	$37.55K	$128.3K	$1.570M
YoY Change	-96.32%	-91.82%	45.83%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.584M	$4.543M	$1.042M
YoY Change	238.94%	336.02%	-77.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$335.1K	$345.3K	$340.9K
YoY Change	-0.54%	1.31%	-11.53%
Other Assets	$30.00K	$30.00K	$10.00K
YoY Change	200.0%	200.0%
Total Long-Term Assets	$4.949M	$4.918M	$1.393M
YoY Change	191.24%	253.12%	261.5%
TOTAL ASSETS
Total Short-Term Assets	$37.55K	$128.3K	$1.570M
Total Long-Term Assets	$4.949M	$4.918M	$1.393M
Total Assets	$4.987M	$5.047M	$2.963M
YoY Change	83.41%	70.33%	102.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.916M	$1.779M	$87.85K
YoY Change	548.19%	1924.7%	13.74%
Accrued Expenses	$2.246M	$2.101M	$1.621M
YoY Change	35.85%	29.63%	-20.77%
Deferred Revenue
YoY Change
Short-Term Debt	$2.648M	$1.657M	$780.6K
YoY Change	217.02%	112.25%	123.02%
Long-Term Debt Due	$396.8K	$344.1K	$157.8K
YoY Change	63.91%	118.01%	134.57%
Total Short-Term Liabilities	$9.006M	$7.680M	$3.743M
YoY Change	123.68%	105.21%	44.71%
LONG-TERM LIABILITIES
Long-Term Debt	$617.4K	$1.315M	$1.098M
YoY Change	-39.01%	19.8%	-5.86%
Other Long-Term Liabilities	$66.39K	$64.85K
YoY Change
Total Long-Term Liabilities	$683.8K	$1.380M	$1.098M
YoY Change	-32.45%	25.71%	-5.86%
TOTAL LIABILITIES
Total Short-Term Liabilities	$9.006M	$7.680M	$3.743M
Total Long-Term Liabilities	$683.8K	$1.380M	$1.098M
Total Liabilities	$9.690M	$9.060M	$4.841M
YoY Change	92.32%	87.17%	29.0%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$4.703M	-$4.014M	-$1.878M
YoY Change
Total Liabilities & Shareholders Equity	$4.987M	$5.047M	$2.963M
YoY Change	83.41%	70.33%	102.67%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2021 Q4
OPERATING ACTIVITIES
Net Income	-$699.0K	-$749.8K	-$539.0K
YoY Change	54.78%	39.1%	136.92%
Depreciation, Depletion And Amortization	$9.310K	$9.310K	$13.96K
YoY Change	-33.26%	-33.31%
Cash From Operating Activities	-$419.5K	-$477.2K	-$473.7K
YoY Change	661.32%	0.74%	-614.79%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$5.170K	-$37.34K	-$180.5K
YoY Change	-101.59%	-79.32%
Cash From Investing Activities	$5.160K	-$37.34K	-$180.5K
YoY Change	-101.59%	-79.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	321.8K	497.5K	1.160M
YoY Change	621.11%	-57.1%
NET CHANGE
Cash From Operating Activities	-419.5K	-477.2K	-473.7K
Cash From Investing Activities	5.160K	-37.34K	-180.5K
Cash From Financing Activities	321.8K	497.5K	1.160M
Net Change In Cash	-92.50K	-17.02K	505.4K
YoY Change	-72.39%	-103.37%	449.33%
FREE CASH FLOW
Cash From Operating Activities	-$419.5K	-$477.2K	-$473.7K
Capital Expenditures	$0.00	$0.00
Free Cash Flow	-$419.5K	-$477.2K
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q4	lrdc	Income From Ppp Loan Forgiveness IncomeFromPppLoanForgiveness		usd
CY2022Q4	us-gaap	Revenues Revenues		usd
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--05-31
	dei	Entity Central Index Key EntityCentralIndexKey	0001442492
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2022Q2	lrdc	Promissory Note PromissoryNote		usd
CY2020Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent		usd
CY2022Q2	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent		usd
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-11-30
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	99669	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	109183	usd
	dei	Entity File Number EntityFileNumber	333-153168
	us-gaap	Revenues Revenues		usd
CY2022Q4	us-gaap	Cost Of Revenue CostOfRevenue		usd
	us-gaap	Cost Of Revenue CostOfRevenue		usd
CY2022Q4	us-gaap	Gross Profit GrossProfit		usd
	us-gaap	Gross Profit GrossProfit		usd
CY2022Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense		usd
CY2021Q4	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
CY2022Q4	lrdc	Income From Employee Retention Credit IncomeFromEmployeeRetentionCredit		usd
CY2021Q4	lrdc	Income From Employee Retention Credit IncomeFromEmployeeRetentionCredit		usd
	lrdc	Income From Employee Retention Credit IncomeFromEmployeeRetentionCredit		usd
	us-gaap	Restricted Stock Expense RestrictedStockExpense		usd
	us-gaap	Accretion Expense AccretionExpense		usd
	lrdc	Income From Ppp Loan Forgiveness IncomeFromPppLoanForgiveness		usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets		usd
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	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments		usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment		usd
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt		usd
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	us-gaap	Interest Paid Net InterestPaidNet		usd
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1		usd
	lrdc	Sale Of Assets In Exchange For Note Payable Repayment SaleOfAssetsInExchangeForNotePayableRepayment		usd
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	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y
CY2022Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet		usd
CY2022Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet		usd
CY2022Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent		usd
CY2022Q2	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent		usd
	dei	Document Type DocumentType	10-Q
	dei	Entity Registrant Name EntityRegistrantName	Laredo Oil, Inc.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Address Address Line1 EntityAddressAddressLine1	2021 Guadalupe Street
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Ste. 260
	dei	Entity Address City Or Town EntityAddressCityOrTown	Austin
	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	78705
	dei	City Area Code CityAreaCode	(512)
	dei	Local Phone Number LocalPhoneNumber	337-1199
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2023Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	57255381	shares
CY2020Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	11981	usd
CY2022Q2	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	1779	usd
CY2020Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	16701	usd
CY2022Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	22235	usd
CY2020Q4	us-gaap	Assets Current AssetsCurrent	128351	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	133197	usd
CY2020Q4	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	4268685	usd
CY2022Q2	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	2764477	usd
CY2020Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	274137	usd
CY2022Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	410136	usd
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4542822	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3174613	usd
CY2020Q4	us-gaap	Other Assets OtherAssets	30000	usd
CY2022Q2	us-gaap	Other Assets OtherAssets	30000	usd
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CY2022Q2	us-gaap	Assets Assets	3701949	usd
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CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1739819	usd
CY2020Q4	us-gaap	Interest Payable Current InterestPayableCurrent	100678	usd
CY2022Q2	us-gaap	Interest Payable Current InterestPayableCurrent	33329	usd
CY2020Q4	lrdc	Deferred Well Development Costs DeferredWellDevelopmentCosts	1799260	usd
CY2022Q2	lrdc	Deferred Well Development Costs DeferredWellDevelopmentCosts	1083822	usd
CY2020Q4	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	645938	usd
CY2022Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	335038	usd
CY2020Q4	lrdc	Revolving Note RevolvingNote	110858	usd
CY2022Q2	lrdc	Revolving Note RevolvingNote	62858	usd
CY2020Q4	lrdc	Promissory Note PromissoryNote	750000	usd
CY2020Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	150000	usd
CY2022Q2	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	136479	usd
CY2022Q2	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	617934	usd
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CY2022Q2	us-gaap	Notes Payable Current NotesPayableCurrent	328613	usd
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CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	5580797	usd
CY2020Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	64850	usd
CY2022Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	61762	usd
CY2020Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	617934	usd
CY2020Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	697556	usd
CY2022Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	857339	usd
CY2020Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	1380340	usd
CY2022Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	919101	usd
CY2020Q4	us-gaap	Liabilities Liabilities	9060291	usd
CY2022Q2	us-gaap	Liabilities Liabilities	6499898	usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
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CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	54514765	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	54514765	shares
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	5725	usd
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	5451	usd
CY2020Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	9571164	usd
CY2022Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	9179088	usd
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-13590681	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-11982488	usd
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	-4013792	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-2797949	usd
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5046499	usd
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CY2021Q4	us-gaap	Revenues Revenues	286118	usd
	us-gaap	Revenues Revenues	572236	usd
CY2021Q4	us-gaap	Cost Of Revenue CostOfRevenue	573890	usd
	us-gaap	Cost Of Revenue CostOfRevenue	1165019	usd
CY2021Q4	us-gaap	Gross Profit GrossProfit	-287772	usd
	us-gaap	Gross Profit GrossProfit	-592783	usd
CY2022Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	469387	usd
CY2021Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	105794	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1061767	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	165134	usd
CY2022Q4	us-gaap	Professional Fees ProfessionalFees	155533	usd
CY2021Q4	us-gaap	Professional Fees ProfessionalFees	109682	usd
	us-gaap	Professional Fees ProfessionalFees	490886	usd
	us-gaap	Professional Fees ProfessionalFees	215297	usd
CY2022Q4	us-gaap	Operating Expenses OperatingExpenses	624920	usd
CY2021Q4	us-gaap	Operating Expenses OperatingExpenses	215476	usd
	us-gaap	Operating Expenses OperatingExpenses	1552653	usd
	us-gaap	Operating Expenses OperatingExpenses	380431	usd
CY2022Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-624920	usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	3.149	pure
CY2021Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-503248	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1552653	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-973214	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	23885	usd
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CY2022Q4	us-gaap	Interest Expense InterestExpense	98502	usd
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	us-gaap	Interest Expense InterestExpense	181056	usd
	us-gaap	Interest Expense InterestExpense	29423	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	-749768	usd
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	us-gaap	Net Income Loss NetIncomeLoss	-1624393	usd
	us-gaap	Net Income Loss NetIncomeLoss	345580	usd
CY2022Q4	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.01
CY2021Q4	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.01
	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.02
	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	0.01
CY2022Q4	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	56195327	shares
CY2021Q4	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	54514765	shares
	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	55695397	shares
	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
CY2022Q4	us-gaap	Share Based Compensation ShareBasedCompensation	9625	usd
CY2022Q4	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	118276	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	-749768	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-4013792	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
CY2021Q4	us-gaap	Share Based Compensation ShareBasedCompensation	9866	usd
CY2021Q4	us-gaap	Net Income Loss NetIncomeLoss	-538996	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-1877864	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1624393	usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	3.146	pure
	us-gaap	Net Income Loss NetIncomeLoss	345580	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	142735	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	13154	usd
	us-gaap	Restricted Stock Expense RestrictedStockExpense	187257	usd
	us-gaap	Depreciation Depreciation	22187	usd
	us-gaap	Depreciation Depreciation	27906	usd
	us-gaap	Accretion Expense AccretionExpense	3088	usd
	lrdc	Income From Ppp Loan Forgiveness IncomeFromPppLoanForgiveness	1224908	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	47863	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	19028	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-37251	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-7844	usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-22364	usd
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	-139675	usd
	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-10202	usd
	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-54667	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	5534	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	100568	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-366	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-179791	usd
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	260603	usd
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	48874	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	71500	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	10344	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-879307	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-746393	usd
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	18438	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	303	usd
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	968051	usd
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	280030	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-986792	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-280030	usd
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	540000	usd
	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	202556	usd
	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	-161250	usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	150000	usd
	lrdc	Proceeds From Revolving Note ProceedsFromRevolvingNote	798000	usd
	lrdc	Proceeds From Prefunded Drilling Costs ProceedsFromPrefundedDrillingCosts	715438	usd
	lrdc	Proceeds From Prefunded Drilling Costs ProceedsFromPrefundedDrillingCosts	1000000	usd
	lrdc	Ppp Loan Repayments PPPLoanRepayments	-144297	usd
	lrdc	Ppp Loan Repayments PPPLoanRepayments	-1619	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1856585	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1159631	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-9514	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	133208	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
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	99669	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1329858	usd
	lrdc	Oil And Gas Acquisition Costs In Accounts Payable OilAndGasAcquisitionCostsInAccountsPayable	536157	usd
	lrdc	Oil And Gas Acquisition Costs In Accounts Payable OilAndGasAcquisitionCostsInAccountsPayable	40533	usd
	us-gaap	Interest Paid Net InterestPaidNet	42577	usd
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	118276	usd
	lrdc	Sale Of Assets In Exchange For Note Payable Repayment SaleOfAssetsInExchangeForNotePayableRepayment	136479	usd
	lrdc	Disclosure Organization And Description Of Business Details Abstact DisclosureOrganizationAndDescriptionOfBusinessDetailsAbstact	<table cellpadding="0" cellspacing="0" id="xdx_889_ecustom--DisclosureOrganizationAndDescriptionOfBusinessDetailsAbstact_zObtWiSkf1k1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%" summary="xdx: Disclosure - ORGANIZATION AND DESCRIPTION OF BUSINESS (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 8.65pt; white-space: nowrap; text-align: center; text-indent: -8.65pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" id="xdx_490_20220601__20221130_zjoaHMbE0lqc" style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" id="xdx_495_20210601__20211130_zj9BKJmqP2X2" style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 8.65pt; white-space: nowrap; text-align: center; text-indent: -8.65pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="6" style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the Six Months Ended</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 8.65pt; white-space: nowrap; text-align: center; text-indent: -8.65pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="6" style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">November 30,</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 8.65pt; white-space: nowrap; text-align: center; text-indent: -8.65pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2022</span></td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2021</span></td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_i_pp0p0" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 8.65pt; width: 54%; text-align: left; text-indent: -8.65pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Numerator – net income (loss) attributable to common stockholders</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 8%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1,624,393</span></td><td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 8%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">345,580</span></td><td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 8.65pt; text-indent: -8.65pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40F_ecustom--WeightedAverageNumberOfShareOutstandingBasicAndDiluted1_zN3z20eZflj1" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 8.65pt; padding-bottom: 2.5pt; text-indent: -8.65pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Denominator – weighted average number of common shares outstanding</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">55,695,397</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">54,514,765</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 8.65pt; text-indent: -8.65pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40D_ecustom--EarningsPerShareBasicAndDiluted1_zQeSBpHF0Kga" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 8.65pt; text-align: left; padding-bottom: 2.5pt; text-indent: -8.65pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic and diluted earnings/(loss) per common share</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(0.02</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.01</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table>
	us-gaap	Net Income Loss NetIncomeLoss	-1624393	usd
	us-gaap	Net Income Loss NetIncomeLoss	345580	usd
	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	55695397	shares
	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	54514765	shares
	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.02
	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	0.01
	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	4268685	usd
	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	2702715	usd
	us-gaap	Accretion Expense AccretionExpense	3088	usd
	lrdc	Disclosure Summary Of Significant Accounting Policies Details Abstact DisclosureSummaryOfSignificantAccountingPoliciesDetailsAbstact	<table cellpadding="0" cellspacing="0" id="xdx_88C_ecustom--DisclosureSummaryOfSignificantAccountingPoliciesDetailsAbstact_zgDRNKtxBTCj" 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_49A_20220601__20221130_zXw7lOe8dpJ3" style="white-space: nowrap; text-align: center">November 30,</td><td> </td><td> </td> <td colspan="2" id="xdx_49A_20210601__20211130_zB66cahms7Ic" 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> </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_ziu55e29gkYh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 54%; text-align: left">Intangible and tangible drilling costs</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">3,198,139</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">1,857,967</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--CostsIncurredAcquisitionOfOilAndGasProperties_maCIOAGzemR_zLl1BSfnW5s3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Acquisition costs</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,070,546</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; 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; white-space: nowrap; 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="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities_iT_mtCIOAGzemR_zhdLV96NXCOa" 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> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">4,268,685</td><td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,702,715</td><td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: left"> </td></tr> </table>
	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	3198139	usd
	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	1857967	usd
	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	1070546	usd
	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	844748	usd
	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	4268685	usd
	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	2702715	usd
CY2022Q3	us-gaap	Revenues Revenues	286118	usd
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	64850	usd
CY2022Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	61762	usd
	lrdc	Disclosure Stockholders Deficit Details Abstract DisclosureStockholdersDeficitDetailsAbstract	<table cellpadding="0" cellspacing="0" id="xdx_88B_ecustom--DisclosureStockholdersDeficitDetailsAbstract_zdP1z5GgH3ok" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%" summary="xdx: Disclosure - STOCKHOLDERS' DEFICIT (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20220601__20221130_zJL0iqL1oFm6" 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_490_20210601__20211130_zyLGfC5ROVz4" 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_40A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_dp_zNv1Lw82jUc7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 34%; 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="white-space: nowrap; 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="white-space: nowrap; width: 1%; text-align: left">%</td></tr> <tr id="xdx_407_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_dp_zcCF6K3P6IYf" 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="white-space: nowrap; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0</td><td style="white-space: nowrap; text-align: left">%</td></tr> <tr id="xdx_40E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_dp_zsf1uywwDdE2" 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="white-space: nowrap; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">314.6</td><td style="white-space: nowrap; text-align: left">%</td></tr> <tr id="xdx_408_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dt_zWNdOQF4PWCk" 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 style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0572">6.0 years</span></td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0573">6.0 years</span></td><td style="white-space: nowrap; text-align: left"> </td></tr> </table>
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0185	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0095	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
	lrdc	Disclosure Notes Payable Details Abstract DisclosureNotesPayableDetailsAbstract	<table cellpadding="0" cellspacing="0" id="xdx_887_ecustom--DisclosureNotesPayableDetailsAbstract_zt1wC3Dy2Vg8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%" summary="xdx: Disclosure - NOTES PAYABLE (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="2" id="xdx_495_20221130_zCK4J5CeOuL" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">November 30,</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" id="xdx_498_20220531_ziYFddZJi6Hg" 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> </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_zaABRnqFEcL1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 54%; text-align: left">Total note payable – Alleghany</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">617,934</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">617,934</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet_iI_zy7gPDnvEmy1" 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: xdx2ixbrl0610">-</span></td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0611">-</span></td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DueToRelatedPartiesCurrent_iI_zQcIaWWQi8B4" 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> </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: xdx2ixbrl0613">-</span></td><td style="border-bottom: Black 1pt solid; white-space: nowrap; 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; white-space: nowrap; 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="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DueToRelatedPartiesNoncurrent_iI_zk6uNRX4qQrl" 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> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">617,934</td><td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0617">-</span></td><td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: left"> </td></tr> </table>
CY2022Q4	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
CY2022Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	617934	usd
	lrdc	Disclosure Notes Payable Details2 Abstract DisclosureNotesPayableDetails2Abstract	<table cellpadding="0" cellspacing="0" id="xdx_887_ecustom--DisclosureNotesPayableDetails2Abstract_z2wOFYbKk8W3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%" summary="xdx: Disclosure - NOTES PAYABLE (Details 2)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="2" id="xdx_49F_20221130_zAzQnrlJYgtg" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">November 30,</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" id="xdx_490_20220531_z9RZ7jEs6912" 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> </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_z9ESnzexo358" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 54%; text-align: left">Total PPP Loan</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">1,041,655</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">1,185,952</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--NotesPayableCurrent_iI_zwLOA1csTlbk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less amounts classified as current</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">344,099</td><td style="border-bottom: Black 1pt solid; white-space: nowrap; 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; white-space: nowrap; 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="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LongTermNotesPayable_iI_z3RuWp5cwp86" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">PPP loan, excluding current portion</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">697,556</td><td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">857,339</td><td style="border-bottom: Black 2.5pt double; white-space: nowrap; text-align: left"> </td></tr> </table>
CY2022Q4	us-gaap	Notes Payable NotesPayable	1041655	usd
CY2022Q2	us-gaap	Notes Payable NotesPayable	1185952	usd
CY2022Q4	us-gaap	Notes Payable Current NotesPayableCurrent	344099	usd
CY2022Q2	us-gaap	Notes Payable Current NotesPayableCurrent	328613	usd
CY2022Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	697556	usd
CY2022Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	857339	usd
	lrdc	Disclosure Equity Method Investment Details Abstract DisclosureEquityMethodInvestmentDetailsAbstract	<table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--DisclosureEquityMethodInvestmentDetailsAbstract_z06r2w0uH1c6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%" 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_49B_20221130__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__custom--CatCreekMember_zjbLww8deaLa" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">As of <br/> November 30, 2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eus-gaap--AssetsCurrent_iI_z3ijpru32SKg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 57%; text-align: justify">Current Assets</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">196,544</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AssetsNoncurrent_iI_zoocMBMbCUa5" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Non-current Assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">970,236</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--Assets_iI_zXdNh0j3td9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,166,780</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </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="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LiabilitiesCurrent_iI_zgCgfYwitmF2" 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">$</td><td style="text-align: right">135,972</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LiabilitiesNoncurrent_iI_zooIWGjapDFj" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Non-current Liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">451,859</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--StockholdersEquity_iI_zuAzFnGkdUs4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Shareholders equity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">614,907</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LiabilitiesAndStockholdersEquity_iI_zXF59mRvbUzk" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 2.5pt">Total Liabilities and Shareholders Equity</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,166,780</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><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: 80%"> <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_490_20220601__20221130__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__custom--CatCreekMember_ziAcptX8emba" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Six Months<br/> Ended<br/> November 30, 2022</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20210601__20211130__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__custom--CatCreekMember_zQkBcw1RoKvi" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Six Months<br/> Ended<br/> November 30, 2021</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_403_eus-gaap--Revenues_zozQdk4drra3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 54%; text-align: justify; padding-bottom: 2.5pt">Revenue</td><td style="width: 3%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 8%; text-align: right">457,409</td><td style="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 3%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 8%; text-align: right">147,681</td><td style="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--GrossProfit_zsSWSbhW33rk" 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">401,299</td><td style="white-space: nowrap; 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="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--NetIncomeLoss_z4x9yEzA1YQh" 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">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(74,502</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">21,693</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
	lrdc	Disclosure Equity Method Investment Details2 Abstract DisclosureEquityMethodInvestmentDetails2Abstract	<table cellpadding="0" cellspacing="0" id="xdx_893_ecustom--DisclosureEquityMethodInvestmentDetails2Abstract_z2DiOHrkSyg6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%" 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_499_20221130__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__custom--OlfertMember_zuy5OJrwylBj" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">As of<br/> November 30, 2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_406_eus-gaap--AssetsCurrent_iI_zILNvVLB5D6c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 67%; text-align: left">Current Assets</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">508</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--AssetsNoncurrent_iI_zmad9qCDv8A8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Non-current Assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,859,195</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--Assets_iI_zhmihjCaaYq4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total Assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,859,703</td><td style="white-space: nowrap; 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="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--StockholdersEquity_iI_zTdR4hRju9Mb" 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="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LiabilitiesAndStockholdersEquity_iI_znqe5ep4v6J" 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">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,859,703</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: left">Results of Operations:</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20220601__20221130__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__custom--OlfertMember_zkUt0IEFFen4" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Six Months Ended<br/> November 30, 2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_406_eus-gaap--Revenues_zrCRPPx5JRT" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; width: 67%">Revenue</td><td style="padding-bottom: 2.5pt; width: 3%"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; width: 1%">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; width: 8%"><span style="-sec-ix-hidden: xdx2ixbrl0682">-</span></td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; width: 1%"> </td></tr> <tr id="xdx_400_eus-gaap--GrossProfit_zzX9oUyqYrEa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; 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"><span style="-sec-ix-hidden: xdx2ixbrl0684">-</span></td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--NetIncomeLoss_zfQuKc0Okp01" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Net 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">(40</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

Files In Submission

Name	View Source	Status
0001199835-23-000037-index-headers.html	Edgar Link	pending
0001199835-23-000037-index.html	Edgar Link	pending
0001199835-23-000037.txt	Edgar Link	pending
0001199835-23-000037-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
lrdc-10q.htm	Edgar Link	pending
lrdc-20221130.xsd	Edgar Link	pending
lrdc-ex31_1.htm	Edgar Link	pending
lrdc-ex31_2.htm	Edgar Link	pending
lrdc-ex32_1.htm	Edgar Link	pending
lrdc-ex32_2.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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lrdc-20221130_cal.xml	Edgar Link	unprocessable
lrdc-20221130_def.xml	Edgar Link	unprocessable
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lrdc-20221130_pre.xml	Edgar Link	unprocessable
lrdc-20221130_lab.xml	Edgar Link	unprocessable
lrdc-10q_htm.xml	Edgar Link	completed
R2.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2023 Q1 Form 10-Q Financial Statement

#000119983523000037 Filed on January 23, 2023

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2023 Q1 Form 10-Q Financial Statement

#000119983523000037 Filed on January 23, 2023

Income Statement

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