Norris Industries, Inc. (NRIS) financial statements (2021 and earlier)

Company profile

Business Address 102 PALO PINTO ST.
WEATHERFORD, TX 76086
State of Incorp. NV
Fiscal Year End February 28
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
2/28/2019
Q4
11/30/2018
Q3
8/31/2018
Q2
5/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments68821411265270206
Cash and cash equivalents68821411265270206
Receivables787283714113158
Other undisclosed current assets    333318
Total current assets:146154224197127234281
Noncurrent Assets
Property, plant and equipment   891011
Oil and gas property, full cost method2,5562,6202,4142,4572,6052,6182,632
Total noncurrent assets:2,5562,6202,4142,4652,6142,6292,644
TOTAL ASSETS:2,7012,7742,6382,6612,7412,8622,925
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1271054133336182
Other undisclosed accounts payable and accrued liabilities1271054133336182
Due to related parties1221028469564432
Total current liabilities:24920712510290105115
Noncurrent Liabilities
Long-term debt and lease obligation2,5002,4002,0501,8501,6501,6501,550
Long-term debt, excluding current maturities2,5002,4002,0501,8501,6501,6501,550
Liabilities, other than long-term debt88868693918986
Asset retirement obligations88868693918986
Total noncurrent liabilities:2,5882,4862,1361,9431,7411,7391,636
Total liabilities:2,8372,6932,2612,0451,8311,8441,751
Stockholders' equity
Stockholders' equity attributable to parent, including:(135)803786179101,0191,174
Common stock90898989898989
Additional paid in capital6,2806,2736,2376,1836,1296,0756,021
Accumulated deficit(6,506)(6,283)(5,950)(5,657)(5,309)(5,147)(4,938)
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:(135)803786179101,0191,174
TOTAL LIABILITIES AND EQUITY:2,7012,7742,6382,6612,7412,8622,925

Income statement (P&L) ($ in thousands)

11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
2/28/2019
Q4
11/30/2018
Q3
8/31/2018
Q2
5/31/2018
Q1
Gross profit:16614911989137148126
Operating expenses(370)(464)(400)(423)(283)(345)(317)
Operating loss:(203)(315)(281)(335)(147)(197)(191)
Nonoperating expense(20)(18)(12)(13)(16)(12)(12)
Interest and debt expense(20)(18)(15)(13)(16)(12)(12)
Net loss:(243)(352)(308)(361)(178)(221)(214)
Other undisclosed net income attributable to parent20181513161212
Net loss available to common stockholders, diluted:(223)(333)(293)(348)(162)(209)(202)

Comprehensive Income ($ in thousands)

11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
2/28/2019
Q4
11/30/2018
Q3
8/31/2018
Q2
5/31/2018
Q1
Net loss:(243)(352)(308)(361)(178)(221)(214)
Comprehensive loss, net of tax, attributable to parent:(243)(352)(308)(361)(178)(221)(214)

Statements sources

The financial statements are based on the company's filings with the 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.

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