Overview
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- TickerNRIS on OTC1
- IndustryCrude Petroleum & Natural Gas1
- HeadquartersWeatherford, Texas1
- Incorporated inNV4
- Business address102 Palo Pinto St., Suite B, Weatherford, Tx 760864
- Filer categoryNon-accelerated filer, Smaller reporting company4
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NRIS holds approximately 3,612 total gross acres in leaseholds in various areas of the North Central, and in North East Texas regions.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Other costs59¢$168.9K
- Interest41¢$117.2K
Out of $286.1K in revenue.23 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-02-28 | 2025-02-28 |
|---|---|---|
| Total Revenues | $286.1K | $329.3K |
| Lease operating expenses | $553.0K | $511.2K |
| General and administrative expenses | $145.1K | $189.6K |
| Plug and Abandonment Loss | $83.6K | |
| Depletion, depreciation and accretion | $48.6K | $86.3K |
| Total Operating Expenses | $830.4K | $787.2K |
| Loss from Operations | -$544.3K | -$457.9K |
| Interest Expenses | -$117.2K | -$143.2K |
| Net Loss | -$661.4K | -$601.1K |
| Net loss per common share - basic | -$0.01 | -$0.01 |
| Net loss per common share - diluted | -$0.01 | -$0.01 |
| Weighted average number of common shares outstanding - basic | 108.2M shares | 95.7M shares |
| Weighted average number of common shares outstanding - diluted | 108.2M shares | 95.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Cash | $45.4K | $85.6K | |
| Account receivable - oil & gas | $23.8K | $27.2K | |
| Total Current Assets | $69.2K | $112.8K | |
| Properties subject to amortization | $3.2M | $3.2M | |
| Less: accumulated depletion and impairment | -$3.0M | -$3.0M | |
| Total Oil and Gas Property, net | $183.3K | $235.6K | |
| Total Assets | $252.4K | $348.4K | |
| Accounts payable and accrued expenses | $228.2K | $154.8K | |
| Total Current Liabilities | $228.2K | $154.8K | |
| Asset retirement obligations | $416.3K | $441.4K | $506.0K |
| Total Liabilities | $5.1M | $4.5M | |
| Common stock, $0.001 par value per share, 150,000,000 shares authorized; 108,245,688 shares issued and outstanding at February 28, 2026 and 2025 | $108.2K | $108.2K | |
| Additional paid-in capital | $7.7M | $6.9M | |
| Accumulated deficit | -$12.6M | -$12.0M | |
| Total Stockholders Deficit | -$4.8M | -$4.9M | -$5.7M |
| Total Liabilities, Mezzanine, and Stockholders Deficit | $252.4K | $348.4K | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 20.0M shares | 20.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 150.0M shares | 150.0M shares | |
| Common stock, shares issued | 108.2M shares | 108.2M shares | |
| Common stock, shares outstanding | 108.2M shares | 108.2M shares |
| Period ending | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Cash | $45.4K | $85.6K | |
| Account receivable - oil & gas | $23.8K | $27.2K | |
| Total Current Assets | $69.2K | $112.8K | |
| Properties subject to amortization | $3.2M | $3.2M | |
| Less: accumulated depletion and impairment | -$3.0M | -$3.0M | |
| Total Oil and Gas Property, net | $183.3K | $235.6K | |
| Total Assets | $252.4K | $348.4K | |
| Accounts payable and accrued expenses | $228.2K | $154.8K | |
| Total Current Liabilities | $228.2K | $154.8K | |
| Asset retirement obligations | $416.3K | $441.4K | $506.0K |
| Total Liabilities | $5.1M | $4.5M | |
| Common stock, $0.001 par value per share, 150,000,000 shares authorized; 108,245,688 shares issued and outstanding at February 28, 2026 and 2025 | $108.2K | $108.2K | |
| Additional paid-in capital | $7.7M | $6.9M | |
| Accumulated deficit | -$12.6M | -$12.0M | |
| Total Stockholders Deficit | -$4.8M | -$4.9M | -$5.7M |
| Total Liabilities, Mezzanine, and Stockholders Deficit | $252.4K | $348.4K | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 20.0M shares | 20.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 150.0M shares | 150.0M shares | |
| Common stock, shares issued | 108.2M shares | 108.2M shares | |
| Common stock, shares outstanding | 108.2M shares | 108.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-02-28 | 2025-02-28 |
|---|---|---|
| Net loss | -$661.4K | -$601.1K |
| Depletion, depreciation and accretion | $48.6K | $86.3K |
| Loss on settlement of asset retirement obligations | $83.6K | |
| Cash Settlement of asset retirement obligations | -$105.0K | |
| Accounts receivable - oil & gas | $3.4K | -$10.2K |
| Accounts payable and accrued expenses | $73.4K | $13.1K |
| Accounts payable and accrued expenses - related party | $117.2K | $143.2K |
| Net Cash Used in Operating Activities | -$440.3K | -$368.6K |
| Proceeds from related party loans | $400.0K | $400.0K |
| Net Cash Provided by Financing Activities | $400.0K | $400.0K |
| Net (Decrease) Increase in Cash | -$40.3K | $31.4K |
| Change in estimate of asset retirement obligations | $21.4K | $98.9K |
| Conversion of related party notes payable and related accrued interests to common shares | $1.4M |
No quarter-by-quarter statement was filed.
Corporate structure
Norris Industries, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Norris Industries, Inc.
- Patrick L. Norris Filed SCHEDULE 13D/A on Norris Industries, Inc., latest May 15, 2026 (2 filings since Jan 24, 2025)
- Norris Industries, Inc. Weatherford, Texas
- Petroleum, Inc., formed April 25, 2018, under the laws of the State of Subsidiary · Texas, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Norris Industries, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
Properties, in its own words
The Company headquarters is at 102 Palo Pinto St. Suite B Weatherford, Texas 76086. The Company terminated its prior lease agreement and has a new month-to-month rental agreement that started in August 28, 2018 at rate of $950 per month.
Item 2 of the 10-K filed May 29, 2026.6
Leadership
Who has led Norris Industries, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerPatrick L. Norris Aug 8, 2017 to now14
- Chief executive officerRoss Henry Ramsey Sep 14, 2016 to Sep 14, 201615
- ChairPatrick L. Norris Jan 14, 2025 to now16
- PresidentRoss Henry Ramsey Sep 14, 2016 to Sep 14, 201615
- Chief financial officerPatrick L. Norris Jan 14, 2025 to now16
- Chief financial officerRoss Henry Ramsey Sep 14, 2016 to Sep 14, 201615
Board members and other officers (3)
- Board memberPatrick L. Norris Aug 8, 2017 to Jul 13, 202214
- Board memberBenjamin B. Tran Sep 14, 2016 to Sep 14, 201617
- Board memberRoss Henry Ramsey Sep 14, 2016 to Oct 20, 201715
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Petroleum, Inc., formed April 25, 2018, under the laws of the State of Texas5
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- INTERNATIONAL WESTERN PETROLEUM, INC.Jun 3, 2014 to Jan 22, 20184
Timeline
- Mar 9, 20268-K Other events18
- Feb 26, 20268-K Change of auditor19
- Feb 20, 20268-K Financial statements and exhibits20
- Feb 18, 20268-K Earlier financial statements no longer reliable21
- Feb 13, 20268-K Change of auditor22
- Nov 3, 20258-K Change of auditor23
- Aug 8, 2017New chief executive Patrick L. Norris becomes CEO14
- Sep 14, 2016New chief executive Ross Henry Ramsey becomes CEO15
Filings
35 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 6 major events, 3 insider forms, 2 large holders, 3 other. The latest 20:
- Oct 13, 202610-Q EDGAR
- Jul 15, 202610-Q EDGAR
- May 29, 202610-K EDGAR
- May 15, 2026SCHEDULE 13D/A EDGAR
- May 15, 20264 EDGAR
- Mar 10, 202610-Q EDGAR
- Mar 9, 20268-K EDGAR
- Feb 26, 20268-K EDGAR
- Feb 20, 20268-K/A EDGAR
- Feb 18, 20268-K EDGAR
- Feb 13, 20268-K EDGAR
- Jan 15, 2026NT 10-Q EDGAR
- Nov 3, 20258-K EDGAR
- Oct 14, 202510-Q EDGAR
- Jul 15, 202510-Q EDGAR
- May 28, 202510-K EDGAR
- Jan 24, 2025SCHEDULE 13D/A EDGAR
- Jan 14, 20254 EDGAR
- Jan 14, 202510-Q EDGAR
- Oct 15, 202410-Q EDGAR
The 35 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 10, 2025 | Norris Patrick L.Chairman, CEO, CFO | Buy | 17,362,675 | $0.08 | $1.4M | Form 4 |
| Feb 24, 2022 | Norris Patrick L.Chairman, CEO, CFO | Buy | 400,000 | $0.25 | $100.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Patrick L. NorrisSCHEDULE 13D/A, 2 filings Jan 24, 2025 to May 15, 202624
SEC filer profile
How Norris Industries, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNorris Industries, Inc.1
- CIK0001603793
- Employer ID (EIN)46-50347466
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company6
- Incorporated inNevada6
- Fiscal year endsFebruary 281
- Industry code (SIC)1311 Crude Petroleum & Natural Gas1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address102 Palo Pinto St., Suite B, Weatherford, TX 760861
- Phone85580969001
- Shares outstanding108,245,688 as of Oct 12, 20263
- Public float$2.9M as of Aug 29, 20256
- AuditorSadler, Gibb & Associates, LLC, Draper, UT PCAOB ID 36276
- On EDGAR sinceJun 3, 20141
- Filings112 in all: 10-Q (36), 8-K (14), 10-K (12), 4 (8), NT 10-Q (8), NT 10-K (6), UPLOAD (4), 3 (3)1
All 20 form types
CORRESP (3), S-1/A (3), D (2), EFFECT (2), POS AM (2), SC 13D (2), SCHEDULE 13D/A (2), 8-A12G (1), 8-K/A (1), DEF 14A (1), PRE 14A (1), S-1 (1)
- Latest filingsAnnual report (10-K) May 29, 2026
Quarterly report (10-Q) Oct 13, 2026
Proxy statement (DEF 14A) Nov 7, 2017
Latest 8-K (8-K) Mar 9, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $.001 par value | NRIS |
From the cover page of the 10-K filed May 29, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks Norris Industries, Inc. names in Item 1A of its 10-K filed May 29, 2026: 3 risks under these headings, as written.6
- Risks Related to Our Business
- Risks Related To The Exploration Business
- Risks Related to Our Common Stock
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARPatrick L. Norris, Chair
- 17SEC EDGARBenjamin B. Tran, Board member
- 18SEC EDGAROther events
- 19SEC EDGARChange of auditor
- 20SEC EDGARFinancial statements and exhibits
- 21
- 22SEC EDGARChange of auditor
- 23SEC EDGARChange of auditor
- 24