Laredo Oil Inc (LRDC)

[powerbattles]

Our cash and cash equivalents at February 28, 2021 was $1,865,618. Total debt outstanding as of the filing date of this report is $3,073,537 comprised of $606,226, recorded net of $25,208 deferred debt discount and owed to Alleghany Capital, which is classified as a short-term notes payable and $2,467,311 pursuant to the PPP Notes and related accrued interest. Based on the terms of the PPP Notes, $2,193,715 is classified as a long-term note, net of the current portion totaling $273,596 which is classified as a current note payable.