2023 Q3 Form 10-K Financial Statement
#000119983523000476 Filed on September 13, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cost Of Revenue | $0.00 | ||
YoY Change | -100.0% | ||
Gross Profit | $0.00 | ||
YoY Change | -100.0% | ||
Gross Profit Margin | |||
Selling, General & Admin | $1.177M | $627.5K | $1.997M |
YoY Change | 98.71% | -40.16% | 69.83% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $5.100K | $8.220K | $39.72K |
YoY Change | -60.39% | -41.08% | -28.83% |
% of Gross Profit | |||
Operating Expenses | $1.352M | $627.5K | $2.770M |
YoY Change | 45.7% | 185.21% | 75.33% |
Operating Profit | -$1.352M | -$627.5K | -$2.770M |
YoY Change | 45.7% | -2141.18% | 26.0% |
Interest Expense | $96.39K | -$211.5K | $443.2K |
YoY Change | 16.76% | 255.2% | 225.63% |
% of Operating Profit | |||
Other Income/Expense, Net | $175.0K | $50.34K | $74.23K |
YoY Change | 632.68% | -43.41% | |
Pretax Income | -$1.119M | -$788.6K | -$3.112M |
YoY Change | 27.92% | -0.15% | 247.39% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.119M | -$788.6K | -$3.112M |
YoY Change | 27.92% | -0.15% | 247.39% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.02 | -$0.01 | -$0.05 |
COMMON SHARES | |||
Basic Shares Outstanding | 66.22M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.950K | $13.75K | $13.75K |
YoY Change | -97.47% | -87.41% | -87.41% |
Cash & Equivalents | $2.951K | $13.75K | $13.75K |
Short-Term Investments | |||
Other Short-Term Assets | $35.36K | $36.55K | $36.55K |
YoY Change | 40.48% | 64.34% | 64.34% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $0.00 | $1.780K | |
Other Receivables | $175.0K | $0.00 | $0.00 |
Total Short-Term Assets | $213.3K | $52.08K | $52.08K |
YoY Change | 48.49% | -60.9% | -60.9% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.639M | $4.757M | $4.757M |
YoY Change | 4.16% | 49.84% | 49.84% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $266.5K | $287.1K | $287.1K |
YoY Change | -28.31% | -21.15% | -21.15% |
Other Assets | $30.00K | $30.00K | $30.00K |
YoY Change | 0.0% | 0.0% | 0.0% |
Total Long-Term Assets | $4.935M | $5.074M | $5.074M |
YoY Change | 1.65% | 42.18% | 42.18% |
TOTAL ASSETS | |||
Total Short-Term Assets | $213.3K | $52.08K | $52.08K |
Total Long-Term Assets | $4.935M | $5.074M | $5.074M |
Total Assets | $5.149M | $5.126M | $5.126M |
YoY Change | 3.0% | 38.47% | 38.47% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.180M | $2.198M | $2.198M |
YoY Change | 29.5% | 76.84% | 76.84% |
Accrued Expenses | $2.491M | $2.262M | $2.473M |
YoY Change | 32.28% | 30.04% | 39.46% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.823M | $2.683M | $2.683M |
YoY Change | 141.81% | 132.82% | 132.82% |
Long-Term Debt Due | $528.6K | $449.6K | $449.6K |
YoY Change | 53.75% | 36.82% | 36.82% |
Total Short-Term Liabilities | $10.10M | $9.603M | $9.603M |
YoY Change | 45.73% | 72.06% | 72.06% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $456.4K | $537.0K | $537.0K |
YoY Change | -67.3% | -37.37% | -37.37% |
Other Long-Term Liabilities | $69.48K | $67.94K | $67.94K |
YoY Change | 9.75% | 10.01% | 10.01% |
Total Long-Term Liabilities | $525.9K | $604.9K | $604.9K |
YoY Change | -63.95% | -34.18% | -34.18% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $10.10M | $9.603M | $9.603M |
Total Long-Term Liabilities | $525.9K | $604.9K | $604.9K |
Total Liabilities | $10.63M | $10.21M | $10.21M |
YoY Change | 26.66% | 57.04% | 57.04% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$16.20M | -$15.08M | |
YoY Change | 26.14% | 25.84% | |
Common Stock | $6.622K | $6.622K | |
YoY Change | 18.72% | 21.48% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$5.479M | -$5.081M | -$5.081M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $5.149M | $5.126M | $5.126M |
YoY Change | 3.0% | 38.47% | 38.47% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.119M | -$788.6K | -$3.112M |
YoY Change | 27.92% | -0.15% | 247.39% |
Depreciation, Depletion And Amortization | $5.100K | $8.220K | $39.72K |
YoY Change | -60.39% | -41.08% | -28.83% |
Cash From Operating Activities | -$73.38K | -$341.6K | -$1.640M |
YoY Change | -81.75% | -14.28% | 36.7% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $303.00 | |
YoY Change | -100.0% | -99.48% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$62.85K | -$15.44K | -$996.8K |
YoY Change | -93.38% | -102.55% | |
Cash From Investing Activities | -$62.85K | -$15.44K | -$997.1K |
YoY Change | -93.38% | -98.12% | -29.97% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $125.4K | 363.6K | $2.542M |
YoY Change | -90.77% | 9.49% | 65.46% |
NET CHANGE | |||
Cash From Operating Activities | -$73.38K | -341.6K | -$1.640M |
Cash From Investing Activities | -$62.85K | -15.44K | -$997.1K |
Cash From Financing Activities | $125.4K | 363.6K | $2.542M |
Net Change In Cash | -$10.80K | 6.580K | -$95.43K |
YoY Change | -243.75% | -100.74% | -91.22% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$73.38K | -$341.6K | -$1.640M |
Capital Expenditures | $0.00 | $303.00 | |
Free Cash Flow | -$73.38K | -$341.6K | -$1.641M |
YoY Change | -81.77% | -133.31% | 30.4% |
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Revenues
|
-0 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
667608 | usd |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
1286244 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
-618636 | usd |
CY2023 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1996695 | usd |
CY2022 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1175674 | usd |
CY2023 | us-gaap |
Professional Fees
ProfessionalFees
|
773590 | usd |
CY2022 | us-gaap |
Professional Fees
ProfessionalFees
|
404395 | usd |
CY2023 | us-gaap |
Operating Expenses
OperatingExpenses
|
2770285 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
1580069 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2770285 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2198705 | usd |
CY2023 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
74225 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
131153 | usd |
CY2023 | lrdc |
Income From Ppp Loan Forgiveness And Employee Retention
IncomeFromPppLoanForgivenessAndEmployeeRetention
|
122682 | usd |
CY2022 | lrdc |
Income From Ppp Loan Forgiveness And Employee Retention
IncomeFromPppLoanForgivenessAndEmployeeRetention
|
1292396 | usd |
CY2023 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-95454 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
15421 | usd |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
443219 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
136112 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3112051 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-895847 | usd |
CY2023 | lrdc |
Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
|
-0.05 | |
CY2022 | lrdc |
Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
|
-0.02 | |
CY2023 | lrdc |
Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
|
57073239 | shares |
CY2022 | lrdc |
Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
|
54514765 | shares |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2236598 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
278578 | usd |
CY2022 | us-gaap |
Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
|
55918 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-895847 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2797949 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2797949 | usd |
CY2023 | lrdc |
Cumulative Effect Of Accounting Changes
CumulativeEffectOfAccountingChanges
|
-39718 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
161984 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
187257 | usd |
CY2023 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
251818 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
267320 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3112051 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5081339 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3112051 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-895847 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
161984 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
278578 | usd |
CY2023 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
187257 | usd |
CY2022 | lrdc |
Income From Ppp Loan Forgiveness
IncomeFromPppLoanForgiveness
|
1292396 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
112066 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
66710 | usd |
CY2023 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-95454 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
15421 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
39722 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
55811 | usd |
CY2023 | us-gaap |
Accretion Expense
AccretionExpense
|
6176 | usd |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-72704 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-168522 | usd |
CY2022 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-1779 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-14314 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
214915 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
150132 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
104041 | usd |
CY2023 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
620391 | usd |
CY2022 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
180536 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
185515 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
31743 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-95373 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1640372 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1199960 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
303 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
58224 | usd |
CY2023 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
978325 | usd |
CY2022 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
1365627 | usd |
CY2023 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
18438 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-997066 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1423851 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
1142423 | usd |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
527500 | usd |
CY2023 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
546059 | usd |
CY2022 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
185625 | usd |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
292099 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
136479 | usd |
CY2023 | lrdc |
Proceeds From Revolving Note
ProceedsFromRevolvingNote
|
998000 | usd |
CY2022 | lrdc |
Proceeds From Revolving Note
ProceedsFromRevolvingNote
|
62858 | usd |
CY2023 | lrdc |
Repayment Of Revolving Note
RepaymentOfRevolvingNote
|
127858 | usd |
CY2023 | lrdc |
Proceeds From Prefunded Drilling Costs
ProceedsFromPrefundedDrillingCosts
|
715438 | usd |
CY2022 | lrdc |
Proceeds From Prefunded Drilling Costs
ProceedsFromPrefundedDrillingCosts
|
1000000 | usd |
CY2023 | lrdc |
Ppp Loan Repayments
PPPLoanRepayments
|
-199354 | usd |
CY2022 | lrdc |
Ppp Loan Repayments
PPPLoanRepayments
|
-4868 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
267320 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2542009 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1536344 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-95429 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1087467 | 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 |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13754 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
109183 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
95897 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
37666 | usd |
CY2023 | lrdc |
Oil And Gas Acquisition Costs In Accounts Payable
OilAndGasAcquisitionCostsInAccountsPayable
|
804938 | usd |
CY2022 | lrdc |
Oil And Gas Acquisition Costs In Accounts Payable
OilAndGasAcquisitionCostsInAccountsPayable
|
955043 | usd |
CY2023 | lrdc |
Longlived Assets In Exchange For Reduction In Deferred Compensation
LonglivedAssetsInExchangeForReductionInDeferredCompensation
|
97760 | usd |
CY2023 | lrdc |
Sale Of Assets In Exchange For Note Payable Repayment
SaleOfAssetsInExchangeForNotePayableRepayment
|
136479 | usd |
CY2023 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
251818 | usd |
CY2022 | us-gaap |
Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
|
61762 | 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 | |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
120000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84B_eus-gaap--UseOfEstimates_zMDScyOdGqNe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_867_zc1gGZiVixW9">USE OF ESTIMATES</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management uses estimates and assumptions in preparing these consolidated financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023 | lrdc |
Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
|
-0.05 | |
CY2023 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
0 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
667608 | usd |
CY2022 | lrdc |
Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
|
-0.02 | |
CY2023 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
4547740 | usd |
CY2022 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
2764477 | usd |
CY2023 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
3410832 | usd |
CY2022 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
1919729 | usd |
CY2023 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
1136908 | usd |
CY2022 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
844748 | usd |
CY2023 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
4547740 | usd |
CY2022 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
2764477 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
251990 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
479900 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
42808 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
69764 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Owned Net
PropertyPlantAndEquipmentOwnedNet
|
209182 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Owned Net
PropertyPlantAndEquipmentOwnedNet
|
410136 | usd |
CY2023Q2 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
67938 | usd |
CY2022Q2 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
61762 | usd |
CY2023 | us-gaap |
Accretion Expense
AccretionExpense
|
6176 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3112051 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-895847 | usd |
CY2023 | lrdc |
Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
|
57073239 | shares |
CY2022 | lrdc |
Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
|
54514765 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0294 | pure | |
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 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 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
3.151 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
3.149 | pure | |
CY2023Q2 | lrdc |
Notes Payable Related Parties Current And Noncurrent1
NotesPayableRelatedPartiesCurrentAndNoncurrent1
|
617934 | usd |
CY2022Q2 | lrdc |
Notes Payable Related Parties Current And Noncurrent1
NotesPayableRelatedPartiesCurrentAndNoncurrent1
|
617934 | usd |
CY2023Q2 | lrdc |
Due To Related Parties Current1
DueToRelatedPartiesCurrent1
|
617934 | usd |
CY2022Q2 | lrdc |
Due To Related Parties Current1
DueToRelatedPartiesCurrent1
|
617934 | usd |
CY2023Q2 | us-gaap |
Notes Payable
NotesPayable
|
986598 | usd |
CY2022Q2 | us-gaap |
Notes Payable
NotesPayable
|
1185952 | usd |
CY2023Q2 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
449624 | usd |
CY2022Q2 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
328613 | usd |
CY2023Q2 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
536974 | usd |
CY2022Q2 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
857339 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1162438 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
658225 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
387402 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
348104 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
|
456576 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
|
356648 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
-13565 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
-27123 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1992851 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1335854 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-653530 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-188128 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
8253 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
-263296 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
-11720 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
99192 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
656997 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
352232 | usd |
CY2023 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
645 | usd |
CY2022 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
633 | usd |