Norris Industries, Inc. (NRIS) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
102 PALO PINTO ST. WEATHERFORD, TX 76086 |
| State of Incorp. | NV |
| Fiscal Year End | February 28 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 11/30/2025 MRQ | 2/28/2025 | 2/29/2024 | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 86 | 54 | 152 | 140 | 161 | 158 | |||
| Cash and cash equivalent | 86 | 54 | 152 | 140 | 161 | 158 | |||
| Receivables | 27 | 17 | 24 | 71 | 33 | 39 | |||
| Total current assets: | 113 | 71 | 176 | 211 | 194 | 197 | |||
| Noncurrent Assets | |||||||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | (2,996) | (2,944) | (2,844) | (2,806) | |||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 247 | 387 | 162 | 177 | 221 | 658 | |||
| Other undisclosed noncurrent assets | 2,996 | 2,944 | 2,844 | 2,806 | |||||
| Total noncurrent assets: | 247 | 387 | 162 | 177 | 221 | 658 | |||
| TOTAL ASSETS: | 360 | 458 | 338 | 387 | 414 | 855 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 126 | 121 | 126 | 139 | 172 | 94 | |||
| Other undisclosed accounts payable and accrued liabilities | 126 | 121 | 126 | 139 | 172 | 94 | |||
| Due to related parties | ✕ | ✕ | ✕ | 234 | 142 | ||||
| Total current liabilities: | 126 | 121 | 126 | 139 | 405 | 237 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,900 | 341 | 3,200 | 2,700 | |||||
| Long-term debt, excluding current maturities | 3,900 | 341 | 3,200 | 2,700 | |||||
| Liabilities, other than long-term debt | 401 | 485 | 146 | 3,693 | 96 | 102 | |||
| Asset retirement obligations | 401 | 485 | 146 | 93 | 96 | 102 | |||
| Due to related parties | ✕ | ✕ | ✕ | 3,600 | |||||
| Other undisclosed noncurrent liabilities | 3,940 | 4,785 | 457 | ||||||
| Total noncurrent liabilities: | 4,341 | 5,271 | 4,503 | 4,033 | 3,296 | 2,802 | |||
| Total liabilities: | 4,467 | 5,392 | 4,629 | 4,173 | 3,701 | 3,039 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (4,107) | (4,934) | (4,291) | (3,786) | (3,287) | (2,184) | |||
| Common stock | 108 | 91 | 91 | 91 | 91 | 91 | |||
| Additional paid in capital | 7,658 | 6,286 | 6,286 | 6,286 | 6,286 | 6,286 | |||
| Accumulated deficit | (11,874) | (11,312) | (10,669) | (10,164) | (9,665) | (8,555) | |||
| Stockholders' equity note, subscriptions receivable | (7) | ||||||||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Other undisclosed equity | |||||||||
| Total equity: | (4,107) | (4,934) | (4,291) | (3,786) | (3,287) | (2,184) | |||
| TOTAL LIABILITIES AND EQUITY: | 360 | 458 | 338 | 387 | 414 | 855 | |||
Income Statement (P&L) ($ in thousands)
| 11/30/2025 TTM | 2/28/2025 | 2/29/2024 | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 329 | 330 | 526 | 452 | 280 | 573 | ||
| Gross profit: | 329 | 330 | 526 | 452 | 280 | 573 | ||
| Operating expenses | (748) | (846) | (915) | (844) | (1,297) | (3,400) | ||
| Other undisclosed operating income | 0 | |||||||
| Operating loss: | (418) | (516) | (389) | (392) | (1,017) | (2,827) | ||
| Nonoperating expense | (93) | (71) | ||||||
| Interest and debt expense | (143) | (127) | (116) | (107) | (93) | (73) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
| Loss from continuing operations: | (562) | (643) | (505) | (499) | (1,202) | (2,971) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (499) | (1,202) | (2,971) | |
| Other undisclosed net loss | (611) | |||||||
| Net loss: | (562) | (643) | (505) | (1,110) | (1,202) | (2,971) | ||
| Other undisclosed net income (loss) attributable to parent | 611 | 93 | 73 | |||||
| Net loss available to common stockholders, diluted: | (562) | (643) | (505) | (499) | (1,110) | (2,898) | ||
Comprehensive Income ($ in thousands)
| 11/30/2025 TTM | 2/28/2025 | 2/29/2024 | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (562) | (643) | (505) | (1,110) | (1,202) | (2,971) | ||
| Comprehensive loss, net of tax, attributable to parent: | (562) | (643) | (505) | (1,110) | (1,202) | (2,971) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.