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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments152177140161158126
Cash and cash equivalents152177140161158126
Receivables245371333971
Total current assets:176230211194197197
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 method1621721772216582,457
Other undisclosed noncurrent assets2,8442,8322,806   
Total noncurrent assets:1621721772216582,465
TOTAL ASSETS:3384023874148552,661
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1261131391729433
Other undisclosed accounts payable and accrued liabilities1261131391729433
Due to related parties 427 23414269
Other undisclosed current liabilities  3,800    
Total current liabilities:1264,340139405237102
Noncurrent Liabilities
Long-term debt and lease obligation 3,900 3413,2002,7001,850
Long-term debt, excluding current maturities 3,900 3413,2002,7001,850
Liabilities, other than long-term debt1461383,6939610293
Asset retirement obligations146138939610293
Due to related parties  3,600   
Other undisclosed noncurrent liabilities457     
Total noncurrent liabilities:4,5031384,0333,2962,8021,943
Total liabilities:4,6294,4784,1733,7013,0392,045
Equity
Equity, attributable to parent, including:(4,291)(4,077)(3,786)(3,287)(2,184)617
Common stock919191919189
Additional paid in capital6,2866,2866,2866,2866,2866,183
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 parent111111
Total equity:(4,291)(4,077)(3,786)(3,287)(2,184)617
TOTAL LIABILITIES AND EQUITY:3384023874148552,661

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
Revenues526735452280573499
Gross profit:526735452280573499
Operating expenses(915)(724)(844)(1,297)(3,400)(1,368)
Other undisclosed operating income  00   
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 572611937352
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
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.

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: