For the quarter ending 2025-08-31, NRIS has $254,146 in assets. $4,679,978 in debts.
| Balance Sheets | 2025-08-31 | 2025-05-31 | ||
|---|---|---|---|---|
| Cash | 40,323 | 87,388 | ||
| Account receivable - oil & gas | 15,010 | 14,106 | ||
| Total current assets | 55,333 | 101,494 | ||
| Properties subject to amortization | 3,218,232 | 3,226,607 | ||
| Less accumulated depletion and impairment | 3,019,419 | 3,010,406 | ||
| Total oil and gas property, net | 198,813 | 216,201 | ||
| Total assets | 254,146 | 317,695 | ||
| Accounts payable and accrued expenses | 129,820 | 140,490 | ||
| Total current liabilities | 129,820 | 140,490 | ||
| Convertible note payable - related party-Related Party | 3,500,000 | 3,400,000 | ||
| Asset retirement obligations | - | 384,268 | ||
| Accounts payable and accrued expenses - related parties-long term-Related Party | 695,570 | 666,880 | ||
| Asset retirement obligations | 354,588 | - | ||
| Total liabilities | 4,679,978 | 4,591,638 | ||
| Preferred stock, value-Series AConvertible Preferred Stock | 1,000 | 1,000 | ||
| Preferred stock, value | - | 0 | ||
| Common stock, 0.001 par value per share, 150,000,000 shares authorized 108,245,688 shares issued and outstanding | 108,246 | 108,246 | ||
| Additional paid-in capital | 7,658,050 | 7,658,050 | ||
| Accumulated deficit | -12,193,128 | -12,041,239 | ||
| Total stockholders deficit | -4,425,832 | -4,273,943 | ||
| Total liabilities and stockholders deficit | 254,146 | 317,695 | ||
Norris Industries, Inc. (NRIS)
Norris Industries, Inc. (NRIS)