Norris Industries, Inc. (NRIS) Form 10-Q — Oct 13, 2026
Norris Industries filed its 10-Q for the quarter ended August 31, 2026, reporting six-month revenue of $175,363, down about 1% year over year, and a six-month net loss of $403,621 versus $319,297 a year earlier. The company holds only $134,836 in cash against $5.48 million in total liabilities, including $4.1 million owed to related-party lender JBB, Inc., and carries a stockholders' deficit of $5.25 million. Management states it is dependent on continued JBB advances, with roughly $600,000 of credit line availability remaining after a $400,000 draw this period and a maturity extension to January 18, 2028.
Key figures
- Eps
- 0
- Revenue
- 175363
- Total Debt
- 4100000
- Total Assets
- 223714
- Cash Position
- 134836
- Shares Outstanding
- 108245688
- Proved reserves
- 30.27 Mbbl oil, 66.01 MMcf natural gas (~41 Mbbl BOE gross)
- Anti dilutive shares
- 27250000
- Jbb advances six months
- 400000
- Loan note maturity extended to
- January 18, 2028
- Related party credit availability
- 600000
AI analysis
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