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
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1081581262457654242
Cash and cash equivalents1081581262457654242
Receivables2439711098  
Other undisclosed current assets    105  
Total current assets:13219719735419054242
Noncurrent Assets
Property, plant and equipment  8131822 
Oil and gas property, full cost method5196582,4572,646899971 
Other undisclosed noncurrent assets      88
Total noncurrent assets:5196582,4652,65991799488
TOTAL ASSETS:6518552,6613,0131,1061,536130
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1099433431135
Other undisclosed accounts payable and accrued liabilities1099433431135
Debt    50  
Due to related parties20914269203795393
Other undisclosed current liabilities    12  
Total current liabilities:318237102634425528
Noncurrent Liabilities
Long-term debt and lease obligation3,1002,7001,8501,550   
Long-term debt, excluding current maturities3,1002,7001,8501,550   
Liabilities, other than long-term debt851029377109 
Asset retirement obligations851029377109 
Total noncurrent liabilities:3,1852,8021,9431,627109 
Total liabilities:3,5033,0392,0451,6904525618
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,853)(2,184)6171,323654975122
Common stock91918989494444
Additional paid in capital6,2866,2866,1835,9672,7911,368215
Accumulated deficit(9,231)(8,555)(5,657)(4,735)(2,186)(437)(137)
Stockholders' equity note, subscriptions receivable (7)   
Other undisclosed stockholders' equity attributable to parent1111   
Total stockholders' equity:(2,853)(2,184)6171,323654975122
TOTAL LIABILITIES AND EQUITY:6518552,6613,0131,1061,536130

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

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
Revenues345573499132149173 
Revenue, net 149173 
Cost of revenue
(Cost of Goods and Services Sold)
    (158)(45) 
Gross profit:345573499132(9)128 
Operating expenses(3,245)(3,400)(1,368)(1,429)(1,888)(473)(81)
Other undisclosed operating income    158  
Operating loss:(2,900)(2,827)(869)(1,297)(1,739)(345)(81)
Nonoperating expense(100)(71)(52)(1,252)(11)  
Interest and debt expense(102)(73)(52)(1,228)(1)  
Net loss:(3,102)(2,971)(974)(3,777)(1,750)(345)(81)
Other undisclosed net income attributable to parent10273521,228145 
Net loss available to common stockholders, diluted:(3,000)(2,898)(922)(2,549)(1,749)(300)(81)

Comprehensive Income ($ in thousands)

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
Net loss:(3,102)(2,971)(974)(3,777)(1,750)(345)(81)
Comprehensive loss, net of tax, attributable to parent:(3,102)(2,971)(974)(3,777)(1,750)(345)(81)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: