$LRDC
Laredo Oil Inc Stock $lrdc

$lrdc Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-Q Financial Statement

#000119983524000042 Filed on January 22, 2024

Income Statement

Concept	2024 Q1	2023 Q4
Revenue	$12.70K	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit	$12.70K
YoY Change
Gross Profit Margin	100.0%
Selling, General & Admin	$463.1K	$685.3K
YoY Change	-21.54%	46.0%
% of Gross Profit	3645.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.100K	$5.100K
YoY Change	-45.22%	-45.22%
% of Gross Profit	40.15%
Operating Expenses	$563.1K	$772.2K
YoY Change	-4.59%	23.57%
Operating Profit	-$550.4K	-$772.2K
YoY Change	-6.74%	23.57%
Interest Expense	$105.8K	$98.08K
YoY Change	-197.2%	-0.43%
% of Operating Profit
Other Income/Expense, Net	$400.0K	$175.0K
YoY Change
Pretax Income	-$336.4K	-$685.8K
YoY Change	-51.87%	-8.54%
Income Tax
% Of Pretax Income
Net Earnings	-$336.4K	-$685.8K
YoY Change	-51.87%	-8.54%
Net Earnings / Revenue	-2648.68%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.00	-$0.01
COMMON SHARES
Basic Shares Outstanding	71.48M shares	67.62M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2024 Q1	2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.895M	$38.88K
YoY Change	26292.2%	-60.99%
Cash & Equivalents	$2.282K	$38.88K
Short-Term Investments
Other Short-Term Assets	$17.69K	$26.45K
YoY Change	-38.15%	58.38%
Inventory
Prepaid Expenses
Receivables	$0.00	$0.00
Other Receivables	$412.7K	$0.00
Total Short-Term Assets	$2.325M	$65.33K
YoY Change	6092.69%	-49.1%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.713M	$4.679M
YoY Change	2.81%	2.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$194.8K	$276.0K
YoY Change	-41.86%	-20.08%
Other Assets	$30.00K	$30.00K
YoY Change	0.0%	0.0%
Total Long-Term Assets	$4.938M	$4.985M
YoY Change	-0.23%	1.35%
TOTAL ASSETS
Total Short-Term Assets	$2.325M	$65.33K
Total Long-Term Assets	$4.938M	$4.985M
Total Assets	$7.263M	$5.050M
YoY Change	45.64%	0.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.042M	$2.054M
YoY Change	6.57%	15.49%
Accrued Expenses	$2.940M	$2.743M
YoY Change	30.89%	30.55%
Deferred Revenue
YoY Change
Short-Term Debt	$2.919M	$2.828M
YoY Change	10.26%	70.71%
Long-Term Debt Due	$67.07K	$66.91K
YoY Change	-83.1%	-80.56%
Total Short-Term Liabilities	$12.19M	$9.819M
YoY Change	35.3%	27.85%
LONG-TERM LIABILITIES
Long-Term Debt	$903.9K	$920.9K
YoY Change	46.41%	-30.0%
Other Long-Term Liabilities	$72.57K	$71.03K
YoY Change	9.31%	9.53%
Total Long-Term Liabilities	$976.5K	$991.9K
YoY Change	42.81%	-28.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$12.19M	$9.819M
Total Long-Term Liabilities	$976.5K	$991.9K
Total Liabilities	$13.16M	$10.81M
YoY Change	35.83%	19.32%
SHAREHOLDERS EQUITY
Retained Earnings	-$17.22M	-$16.88M
YoY Change
Common Stock	$7.148K	$7.012K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$5.899M	-$5.761M
YoY Change
Total Liabilities & Shareholders Equity	$7.263M	$5.050M
YoY Change	45.64%	0.07%

Cashflow Statement

Concept	2024 Q1	2023 Q4
OPERATING ACTIVITIES
Net Income	-$336.4K	-$685.8K
YoY Change	-51.87%	-8.54%
Depreciation, Depletion And Amortization	$5.100K	$5.100K
YoY Change	-45.22%	-45.22%
Cash From Operating Activities	-$188.8K	-$221.0K
YoY Change	-55.0%	-53.68%
INVESTING ACTIVITIES
Capital Expenditures		$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$39.02K	$112.0K
YoY Change	-854.74%	-399.92%
Cash From Investing Activities	-$39.02K	$112.0K
YoY Change	-856.2%	-399.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	2.084M	145.0K
YoY Change	547.51%	-70.86%
NET CHANGE
Cash From Operating Activities	-188.8K	-221.0K
Cash From Investing Activities	-39.02K	112.0K
Cash From Financing Activities	2.084M	145.0K
Net Change In Cash	1.856M	35.93K
YoY Change	-2106.57%	-311.1%
FREE CASH FLOW
Cash From Operating Activities	-$188.8K	-$221.0K
Capital Expenditures		$0.00
Free Cash Flow		-$221.0K
YoY Change		-53.68%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q4	us-gaap	Gross Profit GrossProfit		usd
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--05-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Entity Central Index Key EntityCentralIndexKey	0001442492
CY2023Q4	lrdc	Accounts Receivable Related Parties Current1 AccountsReceivableRelatedPartiesCurrent1		usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2023Q2	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2023Q4	us-gaap	Cost Of Revenue CostOfRevenue		usd
CY2022Q4	us-gaap	Cost Of Revenue CostOfRevenue		usd
	us-gaap	Cost Of Revenue CostOfRevenue		usd
	us-gaap	Cost Of Revenue CostOfRevenue		usd
CY2023Q4	us-gaap	Gross Profit GrossProfit		usd
	us-gaap	Gross Profit GrossProfit		usd
	us-gaap	Gross Profit GrossProfit		usd
CY2022Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense		usd
CY2023Q4	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets		usd
CY2022Q4	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets		usd
CY2023Q4	lrdc	Income From Employee Retention Credit IncomeFromEmployeeRetentionCredit		usd
	us-gaap	Restricted Stock Expense RestrictedStockExpense		usd
	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 Sale Of Intangible Assets ProceedsFromSaleOfIntangibleAssets		usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt		usd
	lrdc	Proceeds From Prefunded Drilling Costs ProceedsFromPrefundedDrillingCosts		usd
	lrdc	Sale Of Assets In Exchange For Note Payable Repayment SaleOfAssetsInExchangeForNotePayableRepayment		usd
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y
	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
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-11-30
	dei	Entity File Number EntityFileNumber	333-153168
	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 Shell Company EntityShellCompany	false
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	71475205	shares
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	38879	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	13754	usd
CY2023Q2	lrdc	Accounts Receivable Related Parties Current1 AccountsReceivableRelatedPartiesCurrent1	1779	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	26452	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	36549	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	65331	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	52082	usd
CY2023Q4	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	4479596	usd
CY2023Q2	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	4547740	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	198982	usd
CY2023Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	209182	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4678578	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4756922	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	30000	usd
CY2023Q2	us-gaap	Other Assets OtherAssets	30000	usd
CY2023Q4	us-gaap	Assets Assets	5049898	usd
CY2023Q2	us-gaap	Assets Assets	5126127	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	2054309	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	2197975	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2743004	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2262450	usd
CY2023Q4	us-gaap	Interest Payable Current InterestPayableCurrent	326905	usd
CY2023Q2	us-gaap	Interest Payable Current InterestPayableCurrent	210414	usd
CY2023Q4	lrdc	Deferred Well Development Costs DeferredWellDevelopmentCosts	1799260	usd
CY2023Q2	lrdc	Deferred Well Development Costs DeferredWellDevelopmentCosts	1799260	usd
CY2023Q4	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	858193	usd
CY2023Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	839798	usd
CY2023Q4	lrdc	Revolving Note RevolvingNote	1060061	usd
CY2023Q2	lrdc	Revolving Note RevolvingNote	933000	usd
CY2023Q4	lrdc	Notes Payable Related Parties Classified Current1 NotesPayableRelatedPartiesClassifiedCurrent1	292099	usd
CY2023Q2	lrdc	Notes Payable Related Parties Classified Current1 NotesPayableRelatedPartiesClassifiedCurrent1	292099	usd
CY2023Q4	lrdc	Due To Related Parties Current1 DueToRelatedPartiesCurrent1	617934	usd
CY2023Q2	lrdc	Due To Related Parties Current1 DueToRelatedPartiesCurrent1	617934	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	66905	usd
CY2023Q2	us-gaap	Notes Payable Current NotesPayableCurrent	449624	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	9818670	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	9602554	usd
CY2023Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	71026	usd
CY2023Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	67938	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	920853	usd
CY2023Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	536974	usd
CY2023Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	991879	usd
CY2023Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	604912	usd
CY2023Q4	us-gaap	Liabilities Liabilities	10810549	usd
CY2023Q2	us-gaap	Liabilities Liabilities	10207466	usd
CY2023Q4	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
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q4	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
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	70124809	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	70124809	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	66220206	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	66220206	shares
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	7012	usd
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	6622	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	11115231	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	9990378	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-16882894	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-15078339	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	-5760651	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-5081339	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5049898	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5126127	usd
CY2023Q4	us-gaap	Revenues Revenues	-0	usd
CY2022Q4	us-gaap	Revenues Revenues	-0	usd
	us-gaap	Revenues Revenues	-0	usd
	us-gaap	Revenues Revenues	-0	usd
CY2023Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	685319	usd
CY2022Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	469387	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1862443	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1061767	usd
CY2023Q4	us-gaap	Professional Fees ProfessionalFees	86897	usd
CY2022Q4	us-gaap	Professional Fees ProfessionalFees	155533	usd
	us-gaap	Professional Fees ProfessionalFees	261515	usd
	us-gaap	Professional Fees ProfessionalFees	490886	usd
CY2023Q4	us-gaap	Operating Expenses OperatingExpenses	772216	usd
CY2022Q4	us-gaap	Operating Expenses OperatingExpenses	624920	usd
	us-gaap	Operating Expenses OperatingExpenses	2123958	usd
	us-gaap	Operating Expenses OperatingExpenses	1552653	usd
CY2023Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-772216	usd
CY2022Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-624920	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-2123958	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1552653	usd
CY2023Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	175000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	350000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1521	usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	175000	usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	22364	usd
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	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-11134	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-37251	usd
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CY2022Q4	us-gaap	Interest Expense InterestExpense	98502	usd
	us-gaap	Interest Expense InterestExpense	194463	usd
	us-gaap	Interest Expense InterestExpense	181056	usd
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	us-gaap	Net Income Loss NetIncomeLoss	-1804555	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1624393	usd
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CY2022Q4	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.01
	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.03
	lrdc	Earnings Per Share Basic And Diluted1 EarningsPerShareBasicAndDiluted1	-0.02
CY2023Q4	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	67732397	shares
CY2022Q4	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	56195327	shares
	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	66922493	shares
	lrdc	Weighted Average Number Of Share Outstanding Basic And Diluted1 WeightedAverageNumberOfShareOutstandingBasicAndDiluted1	55695397	shares
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-5081339	usd
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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
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CY2022Q4	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	118276	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	-749768	usd
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	us-gaap	Net Income Loss NetIncomeLoss	-1804555	usd
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	us-gaap	Share Based Compensation ShareBasedCompensation	956252	usd
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	us-gaap	Restricted Stock Expense RestrictedStockExpense	187257	usd
	us-gaap	Depreciation Depreciation	10200	usd
	us-gaap	Depreciation Depreciation	22187	usd
	us-gaap	Accretion Expense AccretionExpense	3088	usd
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	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	35579	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	47863	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-11134	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-37251	usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	175000	usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	22364	usd
	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	1779	usd
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	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-10097	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-5534	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	50335	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-366	usd
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	480554	usd
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	260603	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	126143	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	71500	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-294394	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-879307	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	Proceeds From Sale Of Intangible Assets ProceedsFromSaleOfIntangibleAssets	175000	usd
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	125857	usd
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	968051	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	49143	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-986792	usd
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	280000	usd
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	540000	usd
	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	133384	usd
	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	202556	usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	150000	usd
	lrdc	Proceeds From Revolving Note ProceedsFromRevolvingNote	127061	usd
	lrdc	Proceeds From Revolving Note ProceedsFromRevolvingNote	798000	usd
	lrdc	Proceeds From Prefunded Drilling Costs ProceedsFromPrefundedDrillingCosts	715438	usd
	lrdc	Ppp Loan Repayments PPPLoanRepayments	-3301	usd
	lrdc	Ppp Loan Repayments PPPLoanRepayments	-144297	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	270376	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1856585	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	25125	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-9514	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
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	38879	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	99669	usd
	lrdc	Oil And Gas Acquisition Costs In Accounts Payable OilAndGasAcquisitionCostsInAccountsPayable	194001	usd
	lrdc	Oil And Gas Acquisition Costs In Accounts Payable OilAndGasAcquisitionCostsInAccountsPayable	536157	usd
	us-gaap	Interest Paid Net InterestPaidNet	32733	usd
	us-gaap	Interest Paid Net InterestPaidNet	42577	usd
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	161991	usd
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	118276	usd
	lrdc	Sale Of Assets In Exchange For Note Payable Repayment SaleOfAssetsInExchangeForNotePayableRepayment	136479	usd
	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	4479596	usd
CY2023	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	4547740	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_845_eus-gaap--UseOfEstimates_zZlvYk3mtks6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span id="xdx_86D_znDirgHVGxl7">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></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	3313774	usd
CY2023	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	3410832	usd
	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	1165822	usd
CY2023	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties CostsIncurredAcquisitionOfOilAndGasProperties	1136908	usd
CY2023Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	71026	usd
CY2023Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	67938	usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0407	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	2.815	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	3.149	pure
CY2023Q2	us-gaap	Conversion Of Stock Shares Converted1 ConversionOfStockSharesConverted1	1902039	shares
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
CY2023Q4	us-gaap	Notes Payable NotesPayable	987758	usd
CY2023Q2	us-gaap	Notes Payable NotesPayable	986598	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	66905	usd
CY2023Q2	us-gaap	Notes Payable Current NotesPayableCurrent	449624	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	920853	usd
CY2023Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	536974	usd

Files In Submission

Name	View Source	Status
lrdc-20231130_cal.xml	Edgar Link	unprocessable
lrdc-20231130_lab.xml	Edgar Link	unprocessable
lrdc-20231130_def.xml	Edgar Link	unprocessable
lrdc-20231130_pre.xml	Edgar Link	unprocessable
0001199835-24-000042-index-headers.html	Edgar Link	pending
0001199835-24-000042-index.html	Edgar Link	pending
0001199835-24-000042.txt	Edgar Link	pending
0001199835-24-000042-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
lrdc-10q.htm	Edgar Link	pending
lrdc-20231130.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
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R12.htm	Edgar Link	pending
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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
lrdc-10q_htm.xml	Edgar Link	completed

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$LRDC
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2024 Q1 Form 10-Q Financial Statement

#000119983524000042 Filed on January 22, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LRDC Laredo Oil Inc Stock $lrdc

2024 Q1 Form 10-Q Financial Statement

#000119983524000042 Filed on January 22, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LRDC
Laredo Oil Inc Stock $lrdc