Norris Industries, Inc. (NRIS) Financial Statements (2024 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)
8/31/2023 MRQ | 2/28/2023 | 11/30/2022 MRQ | 2/28/2022 | 2/28/2021 | 2/29/2020 | 2/28/2019 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 152 | 177 | 140 | 161 | 158 | 126 | |||
Cash and cash equivalents | 152 | 177 | 140 | 161 | 158 | 126 | |||
Receivables | 24 | 53 | 71 | 33 | 39 | 71 | |||
Total current assets: | 176 | 230 | 211 | 194 | 197 | 197 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 8 | ||||||||
Oil and gas property, successful effort method | (2,844) | (2,832) | (2,806) | ||||||
Oil and gas property, full cost method | 162 | 172 | 177 | 221 | 658 | 2,457 | |||
Other undisclosed noncurrent assets | 2,844 | 2,832 | 2,806 | ||||||
Total noncurrent assets: | 162 | 172 | 177 | 221 | 658 | 2,465 | |||
TOTAL ASSETS: | 338 | 402 | 387 | 414 | 855 | 2,661 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 126 | 113 | 139 | 172 | 94 | 33 | |||
Other undisclosed accounts payable and accrued liabilities | 126 | 113 | 139 | 172 | 94 | 33 | |||
Due to related parties | ✕ | 427 | 234 | 142 | 69 | ||||
Other undisclosed current liabilities | 3,800 | ||||||||
Total current liabilities: | 126 | 4,340 | 139 | 405 | 237 | 102 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 3,900 | 341 | 3,200 | 2,700 | 1,850 | ||||
Long-term debt, excluding current maturities | 3,900 | 341 | 3,200 | 2,700 | 1,850 | ||||
Liabilities, other than long-term debt | 146 | 138 | 3,693 | 96 | 102 | 93 | |||
Asset retirement obligations | 146 | 138 | 93 | 96 | 102 | 93 | |||
Due to related parties | ✕ | 3,600 | |||||||
Other undisclosed noncurrent liabilities | 457 | ||||||||
Total noncurrent liabilities: | 4,503 | 138 | 4,033 | 3,296 | 2,802 | 1,943 | |||
Total liabilities: | 4,629 | 4,478 | 4,173 | 3,701 | 3,039 | 2,045 | |||
Equity | |||||||||
Equity, attributable to parent, including: | (4,291) | (4,077) | (3,786) | (3,287) | (2,184) | 617 | |||
Common stock | 91 | 91 | 91 | 91 | 91 | 89 | |||
Additional paid in capital | 6,286 | 6,286 | 6,286 | 6,286 | 6,286 | 6,183 | |||
Accumulated deficit | (10,669) | (10,455) | (10,164) | (9,665) | (8,555) | (5,657) | |||
Stockholders' equity note, subscriptions receivable | (7) | ||||||||
Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | |||
Total equity: | (4,291) | (4,077) | (3,786) | (3,287) | (2,184) | 617 | |||
TOTAL LIABILITIES AND EQUITY: | 338 | 402 | 387 | 414 | 855 | 2,661 |
Income Statement (P&L) ($ in thousands)
8/31/2023 TTM | 2/28/2023 | 11/30/2022 TTM | 2/28/2022 | 2/28/2021 | 2/29/2020 | 2/28/2019 | ||
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Revenues | 526 | 735 | 452 | 280 | 573 | 499 | ||
Gross profit: | 526 | 735 | 452 | 280 | 573 | 499 | ||
Operating expenses | (915) | (724) | (844) | (1,297) | (3,400) | (1,368) | ||
Other undisclosed operating income | 0 | 0 | ||||||
Operating income (loss): | (389) | 11 | (392) | (1,017) | (2,827) | (869) | ||
Nonoperating expense | (87) | (93) | (71) | (52) | ||||
Interest and debt expense | (116) | (126) | (107) | (93) | (73) | (52) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 68 | |||||||
Loss from continuing operations: | (505) | (133) | (499) | (1,202) | (2,971) | (974) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 31 | (499) | (1,202) | (2,971) | (974) | |
Other undisclosed net loss | (553) | (611) | ||||||
Net loss: | (505) | (686) | (1,110) | (1,202) | (2,971) | (974) | ||
Other undisclosed net income attributable to parent | 572 | 611 | 93 | 73 | 52 | |||
Net loss attributable to parent: | (505) | (114) | (499) | (1,110) | (2,898) | (922) | ||
Other undisclosed net income available to common stockholders, basic | 281 | |||||||
Net income (loss) available to common stockholders, diluted: | (505) | 167 | (499) | (1,110) | (2,898) | (922) |
Comprehensive Income ($ in thousands)
8/31/2023 TTM | 2/28/2023 | 11/30/2022 TTM | 2/28/2022 | 2/28/2021 | 2/29/2020 | 2/28/2019 | ||
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Net loss: | (505) | (686) | (1,110) | (1,202) | (2,971) | (974) | ||
Comprehensive loss, net of tax, attributable to parent: | (505) | (686) | (1,110) | (1,202) | (2,971) | (974) |
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.