$LRDC
Laredo Oil Inc Stock $lrdc

$lrdc Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000119983523000524 Filed on October 23, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$685.3K	$1.177M
YoY Change	46.0%	98.71%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.100K	$5.100K
YoY Change	-45.22%	-60.39%
% of Gross Profit
Operating Expenses	$772.2K	$1.352M
YoY Change	23.57%	45.7%
Operating Profit	-$772.2K	-$1.352M
YoY Change	23.57%	45.7%
Interest Expense	$98.08K	$96.39K
YoY Change	-0.43%	16.76%
% of Operating Profit
Other Income/Expense, Net	$175.0K	$175.0K
YoY Change		632.68%
Pretax Income	-$685.8K	-$1.119M
YoY Change	-8.54%	27.92%
Income Tax
% Of Pretax Income
Net Earnings	-$685.8K	-$1.119M
YoY Change	-8.54%	27.92%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.01	-$0.02
COMMON SHARES
Basic Shares Outstanding	67.62M shares	66.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$38.88K	$2.950K
YoY Change	-60.99%	-97.47%
Cash & Equivalents	$38.88K	$2.951K
Short-Term Investments
Other Short-Term Assets	$26.45K	$35.36K
YoY Change	58.38%	40.48%
Inventory
Prepaid Expenses
Receivables	$0.00	$0.00
Other Receivables	$0.00	$175.0K
Total Short-Term Assets	$65.33K	$213.3K
YoY Change	-49.1%	48.49%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.679M	$4.639M
YoY Change	2.99%	4.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$276.0K	$266.5K
YoY Change	-20.08%	-28.31%
Other Assets	$30.00K	$30.00K
YoY Change	0.0%	0.0%
Total Long-Term Assets	$4.985M	$4.935M
YoY Change	1.35%	1.65%
TOTAL ASSETS
Total Short-Term Assets	$65.33K	$213.3K
Total Long-Term Assets	$4.985M	$4.935M
Total Assets	$5.050M	$5.149M
YoY Change	0.07%	3.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.054M	$2.180M
YoY Change	15.49%	29.5%
Accrued Expenses	$2.743M	$2.491M
YoY Change	30.55%	32.28%
Deferred Revenue
YoY Change
Short-Term Debt	$2.828M	$2.823M
YoY Change	70.71%	141.81%
Long-Term Debt Due	$66.91K	$528.6K
YoY Change	-80.56%	53.75%
Total Short-Term Liabilities	$9.819M	$10.10M
YoY Change	27.85%	45.73%
LONG-TERM LIABILITIES
Long-Term Debt	$920.9K	$456.4K
YoY Change	-30.0%	-67.3%
Other Long-Term Liabilities	$71.03K	$69.48K
YoY Change	9.53%	9.75%
Total Long-Term Liabilities	$991.9K	$525.9K
YoY Change	-28.14%	-63.95%
TOTAL LIABILITIES
Total Short-Term Liabilities	$9.819M	$10.10M
Total Long-Term Liabilities	$991.9K	$525.9K
Total Liabilities	$10.81M	$10.63M
YoY Change	19.32%	26.66%
SHAREHOLDERS EQUITY
Retained Earnings	-$16.88M	-$16.20M
YoY Change		26.14%
Common Stock	$7.012K	$6.622K
YoY Change		18.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$5.761M	-$5.479M
YoY Change
Total Liabilities & Shareholders Equity	$5.050M	$5.149M
YoY Change	0.07%	3.0%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	-$685.8K	-$1.119M
YoY Change	-8.54%	27.92%
Depreciation, Depletion And Amortization	$5.100K	$5.100K
YoY Change	-45.22%	-60.39%
Cash From Operating Activities	-$221.0K	-$73.38K
YoY Change	-53.68%	-81.75%
INVESTING ACTIVITIES
Capital Expenditures	$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$112.0K	-$62.85K
YoY Change	-399.92%	-93.38%
Cash From Investing Activities	$112.0K	-$62.85K
YoY Change	-399.92%	-93.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	145.0K	$125.4K
YoY Change	-70.86%	-90.77%
NET CHANGE
Cash From Operating Activities	-221.0K	-$73.38K
Cash From Investing Activities	112.0K	-$62.85K
Cash From Financing Activities	145.0K	$125.4K
Net Change In Cash	35.93K	-$10.80K
YoY Change	-311.1%	-243.75%
FREE CASH FLOW
Cash From Operating Activities	-$221.0K	-$73.38K
Capital Expenditures	$0.00
Free Cash Flow	-$221.0K	-$73.38K
YoY Change	-53.68%	-81.77%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment		usd
CY2023Q3	dei	Entity Central Index Key EntityCentralIndexKey	0001442492
CY2023Q3	dei	Amendment Flag AmendmentFlag	false
CY2023Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2023Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--05-31
CY2023Q3	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q3	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	26-2435874
CY2023Q2	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent		usd
CY2023Q3	lrdc	Accounts Receivable Related Parties Current1 AccountsReceivableRelatedPartiesCurrent1		usd
CY2023Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q3	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2022Q3	us-gaap	Cost Of Revenue CostOfRevenue		usd
CY2023Q3	lrdc	Income From Employee Retention Credit IncomeFromEmployeeRetentionCredit		usd
CY2023Q3	us-gaap	Restricted Stock Expense RestrictedStockExpense		usd
CY2022Q3	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties		usd
CY2023Q3	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments		usd
CY2023Q3	lrdc	Proceeds From Prefunded Drilling Costs ProceedsFromPrefundedDrillingCosts		usd
CY2023Q3	lrdc	Sale Of Assets In Exchange For Note Payable Repayment SaleOfAssetsInExchangeForNotePayableRepayment		usd
CY2023Q3	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y
CY2022Q3	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y
CY2023Q3	lrdc	Due To Related Parties Noncurrent1 DueToRelatedPartiesNoncurrent1		usd
CY2023Q2	lrdc	Due To Related Parties Noncurrent1 DueToRelatedPartiesNoncurrent1		usd
CY2023Q3	dei	Document Type DocumentType	10-Q
CY2023Q3	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q3	dei	Document Period End Date DocumentPeriodEndDate	2023-08-31
CY2023Q3	dei	Entity File Number EntityFileNumber	333-153168
CY2023Q3	dei	Entity Registrant Name EntityRegistrantName	Laredo Oil, Inc.
CY2023Q3	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023Q3	dei	Entity Address Address Line1 EntityAddressAddressLine1	2021 Guadalupe Street
CY2023Q3	dei	Entity Address Address Line2 EntityAddressAddressLine2	Ste. 260
CY2023Q3	dei	Entity Address City Or Town EntityAddressCityOrTown	Austin
CY2023Q3	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2023Q3	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	78705
CY2023Q3	dei	Local Phone Number LocalPhoneNumber	(512)
CY2023Q3	dei	City Area Code CityAreaCode	337-1199
CY2023Q3	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q3	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q3	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023Q3	dei	Entity Small Business EntitySmallBusiness	true
CY2023Q3	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q3	dei	Entity Shell Company EntityShellCompany	false
CY2023Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	67619066	shares
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2951	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	13754	usd
CY2023Q3	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	175000	usd
CY2023Q2	lrdc	Accounts Receivable Related Parties Current1 AccountsReceivableRelatedPartiesCurrent1	1779	usd
CY2023Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	35359	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	36549	usd
CY2023Q3	us-gaap	Assets Current AssetsCurrent	213310	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	52082	usd
CY2023Q3	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	4434055	usd
CY2023Q2	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	4547740	usd
CY2023Q3	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	204700	usd
CY2023Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	209182	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4638755	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4756922	usd
CY2023Q3	us-gaap	Other Assets OtherAssets	30000	usd
CY2023Q2	us-gaap	Other Assets OtherAssets	30000	usd
CY2023Q3	us-gaap	Assets Assets	5148527	usd
CY2023Q2	us-gaap	Assets Assets	5126127	usd
CY2023Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	2180468	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	2197975	usd
CY2023Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2491328	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2262450	usd
CY2023Q3	us-gaap	Interest Payable Current InterestPayableCurrent	278576	usd
CY2023Q2	us-gaap	Interest Payable Current InterestPayableCurrent	210414	usd
CY2023Q3	lrdc	Deferred Well Development Costs DeferredWellDevelopmentCosts	1799260	usd
CY2023Q2	lrdc	Deferred Well Development Costs DeferredWellDevelopmentCosts	1799260	usd
CY2023Q3	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	878388	usd
CY2023Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	839798	usd
CY2023Q3	lrdc	Revolving Note RevolvingNote	1035061	usd
CY2023Q2	lrdc	Revolving Note RevolvingNote	933000	usd
CY2023Q3	lrdc	Notes Payable Related Parties Classified Current1 NotesPayableRelatedPartiesClassifiedCurrent1	292099	usd
CY2023Q2	lrdc	Notes Payable Related Parties Classified Current1 NotesPayableRelatedPartiesClassifiedCurrent1	292099	usd
CY2023Q3	lrdc	Due To Related Parties Current1 DueToRelatedPartiesCurrent1	617934	usd
CY2023Q2	lrdc	Due To Related Parties Current1 DueToRelatedPartiesCurrent1	617934	usd
CY2023Q3	us-gaap	Notes Payable Current NotesPayableCurrent	528568	usd
CY2023Q2	us-gaap	Notes Payable Current NotesPayableCurrent	449624	usd
CY2023Q3	us-gaap	Liabilities Current LiabilitiesCurrent	10101682	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	9602554	usd
CY2023Q3	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	69482	usd
CY2023Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	67938	usd
CY2023Q3	us-gaap	Long Term Notes Payable LongTermNotesPayable	456382	usd
CY2023Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	536974	usd
CY2023Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	525864	usd
CY2023Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	604912	usd
CY2023Q3	us-gaap	Liabilities Liabilities	10627546	usd
CY2023Q2	us-gaap	Liabilities Liabilities	10207466	usd
CY2023Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	66220206	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	66220206	shares
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	66220206	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	66220206	shares
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	6622	usd
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	6622	usd
CY2023Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	10711488	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	9990378	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-16197129	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-15078339	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	-5479019	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-5081339	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5148527	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5126127	usd
CY2023Q3	us-gaap	Revenues Revenues	-0	usd
CY2022Q3	us-gaap	Revenues Revenues	-0	usd
CY2023Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1177124	usd
CY2022Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	592380	usd
CY2023Q3	us-gaap	Professional Fees ProfessionalFees	174618	usd
CY2022Q3	us-gaap	Professional Fees ProfessionalFees	335353	usd
CY2023Q3	us-gaap	Operating Expenses OperatingExpenses	1351742	usd
CY2022Q3	us-gaap	Operating Expenses OperatingExpenses	927733	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-1351742	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-927733	usd
CY2023Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	175000	usd
CY2022Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1521	usd
CY2023Q3	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	175000	usd
CY2022Q3	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	22364	usd
CY2022Q3	lrdc	Income From Employee Retention Credit IncomeFromEmployeeRetentionCredit	122682	usd
CY2023Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-20662	usd
CY2022Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-10905	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	96386	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	82554	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-1118790	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-874625	usd
CY2023Q3	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.02
CY2022Q3	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.02
CY2023Q3	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	66220306	shares
CY2022Q3	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	55200901	shares
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-5081339	usd
CY2023Q3	us-gaap	Share Based Compensation ShareBasedCompensation	721110	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-1118790	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	-5479019	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-2797949	usd
CY2022Q3	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	187130	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
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-1118790	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-874625	usd
CY2022Q3	us-gaap	Restricted Stock Expense RestrictedStockExpense	187257	usd
CY2023Q3	us-gaap	Share Based Compensation ShareBasedCompensation	721110	usd
CY2022Q3	us-gaap	Share Based Compensation ShareBasedCompensation	133110	usd
CY2023Q3	us-gaap	Depreciation Depreciation	5100	usd
CY2022Q3	us-gaap	Depreciation Depreciation	12875	usd
CY2023Q3	us-gaap	Accretion Expense AccretionExpense	1544	usd
CY2022Q3	us-gaap	Accretion Expense AccretionExpense	1544	usd
CY2023Q3	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	13578	usd
CY2022Q3	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	21708	usd
CY2023Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-20662	usd
CY2022Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-10905	usd
CY2023Q3	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	175000	usd
CY2022Q3	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	22364	usd
CY2023Q3	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-1779	usd
CY2023Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-1190	usd
CY2022Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	2936	usd
CY2023Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	158405	usd
CY2022Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-33865	usd
CY2023Q3	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	228878	usd
CY2022Q3	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	143526	usd
CY2023Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	68162	usd
CY2022Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	20710	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-73382	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-402155	usd
CY2022Q3	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	18438	usd
CY2022Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	303	usd
CY2023Q3	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	62846	usd
CY2022Q3	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	930710	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-62846	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-949451	usd
CY2023Q3	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	59988	usd
CY2022Q3	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	89698	usd
CY2023Q3	lrdc	Proceeds From Revolving Note ProceedsFromRevolvingNote	187061	usd
CY2022Q3	lrdc	Proceeds From Revolving Note ProceedsFromRevolvingNote	798000	usd
CY2022Q3	lrdc	Proceeds From Prefunded Drilling Costs ProceedsFromPrefundedDrillingCosts	715438	usd
CY2023Q3	lrdc	Ppp Loan Repayments PPPLoanRepayments	-1648	usd
CY2022Q3	lrdc	Ppp Loan Repayments PPPLoanRepayments	-64619	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	125425	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1359121	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-10803	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	7515	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
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2951	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	116698	usd
CY2023Q3	lrdc	Oil And Gas Acquisition Costs In Accounts Payable OilAndGasAcquisitionCostsInAccountsPayable	175913	usd
CY2022Q3	lrdc	Oil And Gas Acquisition Costs In Accounts Payable OilAndGasAcquisitionCostsInAccountsPayable	474750	usd
CY2023Q3	us-gaap	Interest Paid Net InterestPaidNet	14642	usd
CY2022Q3	us-gaap	Interest Paid Net InterestPaidNet	29584	usd
CY2022Q3	lrdc	Sale Of Assets In Exchange For Note Payable Repayment SaleOfAssetsInExchangeForNotePayableRepayment	136479	usd
CY2023Q3	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84B_eus-gaap--UseOfEstimates_zNniQZwbMcRf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_866_z2xYOIgnm3eg">Use of Estimates</span> </i>– <span style="background-color: white">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></span></p>
CY2023Q3	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	3266737	usd
CY2023	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	3410832	usd
CY2023Q3	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	1164701	usd
CY2023	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	1136908	usd
CY2023Q3	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	4431438	usd
CY2023	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	4547740	usd
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0399	pure
CY2022Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0185	pure
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
CY2022Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	2.813	pure
CY2022Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	3.149	pure
CY2023Q3	lrdc	Notes Payable Related Parties Current And Noncurrent1 NotesPayableRelatedPartiesCurrentAndNoncurrent1	617934	usd
CY2023Q2	lrdc	Notes Payable Related Parties Current And Noncurrent1 NotesPayableRelatedPartiesCurrentAndNoncurrent1	617934	usd
CY2023Q3	lrdc	Due To Related Parties Current1 DueToRelatedPartiesCurrent1	617934	usd
CY2023Q2	lrdc	Due To Related Parties Current1 DueToRelatedPartiesCurrent1	617934	usd
CY2023Q3	us-gaap	Notes Payable NotesPayable	984950	usd
CY2023Q2	us-gaap	Notes Payable NotesPayable	986598	usd
CY2023Q3	us-gaap	Notes Payable Current NotesPayableCurrent	528568	usd
CY2023Q2	us-gaap	Notes Payable Current NotesPayableCurrent	449624	usd
CY2023Q3	us-gaap	Long Term Notes Payable LongTermNotesPayable	456382	usd
CY2023Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	536974	usd

Files In Submission

Name	View Source	Status
0001199835-23-000524-index-headers.html	Edgar Link	pending
0001199835-23-000524-index.html	Edgar Link	pending
0001199835-23-000524.txt	Edgar Link	pending
0001199835-23-000524-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
lrdc-10q.htm	Edgar Link	pending
lrdc-20230831.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
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
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R25.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
lrdc-20230831_cal.xml	Edgar Link	unprocessable
lrdc-20230831_lab.xml	Edgar Link	unprocessable
lrdc-20230831_pre.xml	Edgar Link	unprocessable
lrdc-10q_htm.xml	Edgar Link	completed
R34.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
lrdc-20230831_def.xml	Edgar Link	unprocessable

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$LRDC
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2023 Q4 Form 10-Q Financial Statement

#000119983523000524 Filed on October 23, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LRDC Laredo Oil Inc Stock $lrdc

2023 Q4 Form 10-Q Financial Statement

#000119983523000524 Filed on October 23, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LRDC
Laredo Oil Inc Stock $lrdc