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 29
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
Q3
8/31/2020
Q2
5/31/2020
Q1
2/29/2020
Q4
11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments108911261586882141
Cash and cash equivalents108911261586882141
Receivables2420339787283
Total current assets:132111129197146154224
Noncurrent Assets
Oil and gas property, full cost method5195485966582,5562,6202,414
Total noncurrent assets:5195485966582,5562,6202,414
TOTAL ASSETS:6516597248552,7012,7742,638
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1091181049412710541
Other undisclosed accounts payable and accrued liabilities1091181049412710541
Due to related parties20918616314212210284
Total current liabilities:318304267237249207125
Noncurrent Liabilities
Long-term debt and lease obligation3,1002,9002,8002,7002,5002,4002,050
Long-term debt, excluding current maturities3,1002,9002,8002,7002,5002,4002,050
Liabilities, other than long-term debt857674102888686
Asset retirement obligations857674102888686
Total noncurrent liabilities:3,1852,9762,8742,8022,5882,4862,136
Total liabilities:3,5033,2793,1403,0392,8372,6932,261
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,853)(2,620)(2,416)(2,184)(135)80378
Common stock91919191908989
Additional paid in capital6,2866,2866,2866,2866,2806,2736,237
Accumulated deficit(9,231)(8,999)(8,794)(8,555)(6,506)(6,283)(5,950)
Stockholders' equity note, subscriptions receivable   (7)   
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:(2,853)(2,620)(2,416)(2,184)(135)80378
TOTAL LIABILITIES AND EQUITY:6516597248552,7012,7742,638

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

11/30/2020
Q3
8/31/2020
Q2
5/31/2020
Q1
2/29/2020
Q4
11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
Gross profit:609231162166149119
Operating expenses(268)(273)(248)(2,455)(370)(464)(400)
Operating loss:(208)(181)(217)(2,292)(203)(315)(281)
Nonoperating expense(24)(23)(22)(32)(20)(18)(12)
Interest and debt expense(24)(23)(22)(34)(20)(18)(15)
Net loss:(256)(227)(261)(2,358)(243)(352)(308)
Other undisclosed net income attributable to parent24232234201815
Net loss available to common stockholders, diluted:(232)(204)(239)(2,324)(223)(333)(293)

Comprehensive Income ($ in thousands)

11/30/2020
Q3
8/31/2020
Q2
5/31/2020
Q1
2/29/2020
Q4
11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
Net loss:(256)(227)(261)(2,358)(243)(352)(308)
Comprehensive loss, net of tax, attributable to parent:(256)(227)(261)(2,358)(243)(352)(308)

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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