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Balance Sheets Overview

Current Ratio
26.99%
Quick Ratio
26.99%
Debt to Asset Ratio
4132.58%
Unit: Dollar
Assets Breakdown
    • Properties subject to depletion
    • Less accumulated depletion and i...
    • Cash
    • Account receivable - oil & gas
Liabilities Breakdown
    • Accumulated deficit
    • Additional paid-in capital
    • Convertible note payable - relat...
    • Others
Balance Sheets
2026-05-31
2026-02-28
2025-11-30
2025-08-31
Cash
33,863
45,376
88,690
40,323
Account receivable - oil & gas
27,537
23,800
55,617
15,010
Total current assets
61,400
69,176
144,307
55,333
Properties subject to depletion
3,093,704
3,210,066
3,216,505
3,218,232
Less accumulated depletion and impairment
3,028,856
3,026,793
3,024,887
3,019,419
Total oil and gas property, net
64,848
183,273
191,618
198,813
Total assets
126,248
252,449
335,925
254,146
Accounts payable and accrued expenses
227,500
228,163
141,459
129,820
Total current liabilities
227,500
228,163
141,459
129,820
Convertible note payable - related party
3,900,000
3,700,000
3,700,000
3,500,000
Accounts payable and accrued expenses - related parties-long term
789,825
756,683
725,614
695,570
Asset retirement obligations
299,972
416,334
352,861
354,588
Total liabilities
5,217,297
5,101,180
4,919,934
4,679,978
Preferred stock, value-Series AConvertible Preferred Stock
-
-
-
1,000
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, 0.001 par value per share, 150,000,000 shares authorized 108,245,688 shares issued and outstanding
108,246
108,246
108,246
108,246
Additional paid-in capital
7,659,050
7,659,050
6,909,050
7,658,050
Accumulated deficit
-12,858,345
-12,616,027
-12,351,305
-12,193,128
Total stockholders deficit
-5,091,049
-4,848,731
-5,334,009
-4,425,832
Total liabilities and stockholders deficit
126,248
252,449
335,925
254,146
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Properties subject todepletion$3,093,704 (-4.12%↓ Y/Y)Cash$33,863 (-61.25%↓ Y/Y)Account receivable - oil& gas$27,537 (95.21%↑ Y/Y)Total oil and gasproperty, net$64,848 (-70.01%↓ Y/Y)Total current assets$61,400 (-39.50%↓ Y/Y)Less accumulateddepletion and impairment$3,028,856 (0.61%↑ Y/Y)Total assets$126,248 (-60.26%↓ Y/Y)Accumulated deficit-$12,858,345 (-6.79%↓ Y/Y)Total liabilities andstockholders deficit$126,248 (-60.26%↓ Y/Y)Total stockholdersdeficit-$5,091,049 (-19.12%↓ Y/Y)Additional paid-in capital$7,659,050 (0.01%↑ Y/Y)Common stock, 0.001 parvalue per share,...$108,246 (0.00%↑ Y/Y)Total liabilities$5,217,297 (13.63%↑ Y/Y)Convertible note payable -related party$3,900,000 (14.71%↑ Y/Y)Accounts payable andaccrued expenses -...$789,825 (18.44%↑ Y/Y)Asset retirementobligations$299,972 (-21.94%↓ Y/Y)Total currentliabilities$227,500 (61.93%↑ Y/Y)Accounts payable andaccrued expenses$227,500 (61.93%↑ Y/Y)

Norris Industries, Inc. (NRIS)

Norris Industries, Inc. (NRIS)