Norris Industries Inc (NRIS)

Name: Norris Industries Inc Financial Statements
Creator: Quarter Results

Energy | Oil Gas Exploration Production

Latest reporting period: 2025-08-31

Latest Quarter

2025-08-31

Revenue

$84.4K

Net Income

-$152K

Operating Margin

-146.0%

Free Cash Flow

-$369K

Debt / Assets

1,239.6%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Norris Industries Inc (NRIS).
Income Statement (Quarterly)	2025-08-31	2025-05-31	2024-11-30	2024-08-31
Revenue	84,388	92,770	81,744	77,007
Cost of Revenue	128,729	149,506	161,685	129,022
Gross Profit	-44,341	-56,736	-79,941	-52,015
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	78,858	83,324	26,851	31,359
Operating Expenses	78,858	83,324	26,851	31,359
Operating Income	-123,199	-140,060	-106,792	-83,374
Interest Expense	28,690	27,348	49,669	34,482
Income Before Tax	-151,889	-167,408	-156,461	-117,856
Income Tax Expense	0	0	0	0
Net Income	-151,889	-167,408	-156,461	-117,856
Per Share
EPS	0.00	0.00	0.00	0.00
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Norris Industries Inc (NRIS).
Income Statement (Annual)	2025-02-28	2024-02-29	2023-02-28	2022-02-28	2021-02-28
Revenue	329,334	329,610	526,447	452,291	280,160
Cost of Revenue	558,092	645,196	722,756	640,564	787,714
Gross Profit	-228,758	-315,586	-196,309	-188,273	-507,554
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	189,611	200,787	192,294	203,692	313,515
Operating Expenses	189,611	200,787	192,294	203,692	313,515
Operating Income	-418,369	-516,373	-388,603	-391,955	-1,017,266
Interest Expense	143,205	126,962	116,377	106,992	92,526
Income Before Tax	-561,574	-643,335	-504,980	-498,957	-1,109,792
Income Tax Expense	0	0	116,377	-10	0
Net Income	-561,574	-643,335	-621,357	-498,947	-1,109,792
Per Share
EPS	-0.01	-0.01	-0.01	-0.01	-0.01
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Norris Industries Inc (NRIS).
Balance Sheet (Quarterly)	2025-02-28	2024-02-29	2023-02-28	2022-02-28
Assets
Cash and Cash Equivalents	85,627	54,217	151,731	139,569
Short Term Investments	0	0	0	0
Net Receivables	27,223	17,011	24,151	70,946
Inventory	0	0	-24,151,000	-70,946,000
Total Current Assets	112,850	71,228	175,882	210,515
Property Plant Equipment	247,485	386,510	162,249	176,553
Goodwill and Intangibles	0	0	0	0
Total Assets	360,335	457,738	338,131	387,068
Liabilities
Account Payables	126,355	121,039	125,647	139,404
Short Term Debt	0	0	0	0
Total Current Liabilities	126,355	121,039	125,647	139,404
Long Term Debt	3,300,000	4,200,000	3,900,000	3,600,000
Total Liabilities	4,466,870	5,391,713	4,628,771	4,172,728
Shareholders Equity
Retained Earnings	-11,873,831	-11,312,257	-10,668,922	-10,163,942
Total Shareholders Equity	-4,106,535	-4,933,975	-4,290,640	-3,785,660

Balance sheet annual history for Norris Industries Inc (NRIS).
Balance Sheet (Annual)	2025-02-28	2024-02-29	2023-02-28	2022-02-28	2021-02-28
Assets
Cash and Cash Equivalents	85,627	54,217	151,731	139,569	160,631
Short Term Investments	0	0	0	0	0
Net Receivables	27,223	17,011	24,151	70,946	32,890
Inventory	0	0	-24,151,000	-70,946,000	0
Total Current Assets	112,850	71,228	175,882	210,515	193,521
Property Plant Equipment	247,485	386,510	162,249	176,553	220,850
Goodwill and Intangibles	0	0	0	0	0
Total Assets	360,335	457,738	338,131	387,068	414,371
Liabilities
Account Payables	126,355	121,039	125,647	139,404	0
Short Term Debt	0	0	0	0	0
Total Current Liabilities	126,355	121,039	125,647	139,404	405,074
Long Term Debt	3,300,000	4,200,000	3,900,000	3,600,000	3,200,000
Total Liabilities	4,466,870	5,391,713	4,628,771	4,172,728	3,701,084
Shareholders Equity
Retained Earnings	-11,873,831	-11,312,257	-10,668,922	-10,163,942	-9,664,995
Total Shareholders Equity	-4,106,535	-4,933,975	-4,290,640	-3,785,660	-3,286,713

Cash flow quarterly history for Norris Industries Inc (NRIS).
Cash Flow Statement (Quarterly)	2025-02-28	2024-02-29	2023-02-28	2022-02-28
Operating Activities
Net Income	-561,574	-643,335	-504,980	-498,947
Depreciation & Amortization	54,675	114,827	67,727	41,109
Stock Based Compensation	0	0	0	0
Change in Working Capital	138,309	130,994	149,415	36,776
Operating Cash Flow	-368,590	-397,514	-287,838	-421,062
Investing Activities
Capital Expenditure	0	4	0	0
Investments	0	4	0	0
Investing Cash Flow	0	0	0	0
Financing Activities
Debt Repayment	400,000	300,000	-300,000	-400,000
Common Stock Issued/Repurchased	0	0	0	0
Dividends Paid	0	0	0	0
Financing Cash Flow	400,000	300,000	300,000	400,000
Summary
Free Cash Flow	-368,590	-397,510	-287,838	-421,062
Net Change in Cash	31,410	-97,514	12,162	-21,062

Cash flow annual history for Norris Industries Inc (NRIS).
Cash Flow Statement (Annual)	2025-02-28	2024-02-29	2023-02-28	2022-02-28	2021-02-28
Operating Activities
Net Income	-561,574	-643,335	-504,980	-498,947	-1,109,792
Depreciation & Amortization	54,675	114,827	67,727	41,109	0
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	138,309	130,994	149,415	36,776	173,944
Operating Cash Flow	-368,590	-397,514	-287,838	-421,062	-504,650
Investing Activities
Capital Expenditure	0	4	0	0	0
Investments	0	4	0	0	0
Investing Cash Flow	0	0	0	0	0
Financing Activities
Debt Repayment	400,000	300,000	-300,000	-400,000	0
Common Stock Issued/Repurchased	0	0	0	0	0
Dividends Paid	0	0	0	0	0
Financing Cash Flow	400,000	300,000	300,000	400,000	507,200
Summary
Free Cash Flow	-368,590	-397,510	-287,838	-421,062	-504,650
Net Change in Cash	31,410	-97,514	12,162	-21,062	2,550