Norris Industries, Inc. (NRIS) financial statements (2022 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)

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9716115812624576542
Cash and cash equivalents9716115812624576542
Receivables523339711098 
Other undisclosed current assets     105 
Total current assets:149194197197354190542
Noncurrent Assets
Property, plant and equipment   8131822
Oil and gas property, successful effort method(2,816)      
Oil and gas property, full cost method1632216582,4572,646899971
Other undisclosed noncurrent assets2,816      
Total noncurrent assets:1632216582,4652,659917994
TOTAL ASSETS:3124148552,6613,0131,1061,536
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:182172943343113
Other undisclosed accounts payable and accrued liabilities182172943343113
Debt3,500    50 
Due to related parties3132341426920379539
Other undisclosed current liabilities     12 
Total current liabilities:3,99540523710263442552
Noncurrent Liabilities
Long-term debt and lease obligation 3,2002,7001,8501,550  
Long-term debt, excluding current maturities 3,2002,7001,8501,550  
Liabilities, other than long-term debt85961029377109
Asset retirement obligations85961029377109
Total noncurrent liabilities:853,2962,8021,9431,627109
Total liabilities:4,0803,7013,0392,0451,690452561
Stockholders' equity
Stockholders' equity attributable to parent, including:(3,768)(3,287)(2,184)6171,323654975
Common stock91919189894944
Additional paid in capital6,2866,2866,2866,1835,9672,7911,368
Accumulated deficit(10,146)(9,665)(8,555)(5,657)(4,735)(2,186)(437)
Stockholders' equity note, subscriptions receivable  (7)   
Other undisclosed stockholders' equity attributable to parent11111  
Total stockholders' equity:(3,768)(3,287)(2,184)6171,323654975
TOTAL LIABILITIES AND EQUITY:3124148552,6613,0131,1061,536

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

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
Revenues149280573499132149173
Revenue, net 149173
Cost of revenue
(Cost of Goods and Services Sold)
     (158)(45)
Gross profit:149280573499132(9)128
Operating expenses(793)(1,297)(3,400)(1,368)(1,429)(1,888)(473)
Other undisclosed operating income     158 
Operating loss:(645)(1,017)(2,827)(869)(1,297)(1,739)(345)
Nonoperating expense(71)(93)(71)(52)(1,252)(11) 
Interest and debt expense(120)(93)(73)(52)(1,228)(1) 
Net loss:(835)(1,202)(2,971)(974)(3,777)(1,750)(345)
Other undisclosed net income attributable to parent689373521,228145
Net loss available to common stockholders, diluted:(767)(1,110)(2,898)(922)(2,549)(1,749)(300)

Comprehensive Income ($ in thousands)

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
Net loss:(835)(1,202)(2,971)(974)(3,777)(1,750)(345)
Comprehensive loss, net of tax, attributable to parent:(835)(1,202)(2,971)(974)(3,777)(1,750)(345)

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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