NRIS: the balance sheet

MyFinsight

For the quarter ending 2025-11-30, NRIS has $335,925 in assets. $4,919,934 in debts.

Balance Sheets	2025-11-30	2025-08-31	2025-05-31
Cash	88,690	40,323	87,388
Account receivable - oil & gas	55,617	15,010	14,106
Total current assets	144,307	55,333	101,494
Properties subject to amortization	3,216,505	3,218,232	3,226,607
Less accumulated depletion and impairment	3,024,887	3,019,419	3,010,406
Total oil and gas property, net	191,618	198,813	216,201
Total assets	335,925	254,146	317,695

Accounts payable and accrued expenses	141,459	129,820	140,490
Total current liabilities	141,459	129,820	140,490
Convertible note payable - related party-Related Party	-	3,500,000	3,400,000
Asset retirement obligations	-	-	384,268
Convertible note payable - related party	3,700,000	-	-
Accounts payable and accrued expenses - related parties-long term	725,614	695,570	666,880
Asset retirement obligations	352,861	354,588	-
Total liabilities	4,919,934	4,679,978	4,591,638
Preferred stock, value-Series AConvertible Preferred Stock	-	1,000	1,000
Preferred stock, value	-	-	0
Series a convertible preferred stock, 0.0001 par value per share 1,000,000 shares authorized 1,000,000 shares issued and outstanding liquidation preference of 2,250,000	750,000	-	-
Common stock, 0.0001 par value per share, 150,000,000 shares authorized 108,245,688 shares issued and outstanding	108,246	108,246	108,246
Additional paid-in capital	6,909,050	7,658,050	7,658,050
Accumulated deficit	-12,351,305	-12,193,128	-12,041,239
Total stockholders deficit	-5,334,009	-4,425,832	-4,273,943
Total liabilities, mezzanine, and stockholders deficit	335,925	254,146	317,695

Unit: Dollar. Numbers labeled with * are estimated quarterly values.