2025 Q1 Form 10-Q Financial Statement

#000149315225002066 Filed on January 14, 2025

View on sec.gov

Income Statement

Concept 2025 Q1 2024 Q4
Revenue $81.74K
YoY Change -6.16%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $188.5K
YoY Change -4.88%
Operating Profit -$106.8K
YoY Change -3.87%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$49.67K
YoY Change 55.64%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$156.5K
YoY Change 9.41%
Net Earnings / Revenue -191.4%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 108.2M shares 90.88M shares
Diluted Shares Outstanding 92.98M shares

Balance Sheet

Concept 2025 Q1 2024 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $78.96K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $31.13K
Other Receivables
Total Short-Term Assets $110.1K
YoY Change 91.51%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $314.5K
YoY Change 120.72%
TOTAL ASSETS
Total Short-Term Assets $110.1K
Total Long-Term Assets $314.5K
Total Assets $424.6K
YoY Change 112.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $119.5K
YoY Change -0.07%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $119.5K
Total Long-Term Liabilities
Total Liabilities $4.413M
YoY Change -10.65%
SHAREHOLDERS EQUITY
Retained Earnings -$11.76M
YoY Change 5.74%
Common Stock $108.2K
YoY Change 19.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.988M
YoY Change
Total Liabilities & Shareholders Equity $424.6K
YoY Change 112.33%

Cashflow Statement

Concept 2025 Q1 2024 Q4
OPERATING ACTIVITIES
Net Income -$156.5K
YoY Change 9.41%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-28
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2025
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001603793
CY2024Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
NRIS Conversion Of Related Party Notes Payable And Related Accrued Interests To Common Shares
ConversionOfRelatedPartyNotesPayableAndRelatedAccruedInterestsToCommonShares
usd
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
usd
us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
usd
us-gaap Results Of Operations Accretion Of Asset Retirement Obligations
ResultsOfOperationsAccretionOfAssetRetirementObligations
usd
NRIS Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities Dispositions
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivitiesDispositions
usd
NRIS Asset Retirement Obligation Additions
AssetRetirementObligationAdditions
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-11-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
46-5034746
dei Entity Address Address Line1
EntityAddressAddressLine1
102 Palo Pinto St
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite B
dei Entity Address City Or Town
EntityAddressCityOrTown
Weatherford
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
76086
dei City Area Code
CityAreaCode
(855)
dei Local Phone Number
LocalPhoneNumber
809-6900
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2025Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
108245688 shares
CY2024Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
108245688 shares
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
90883013 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
90883013 shares
CY2024Q4 us-gaap Common Stock Value
CommonStockValue
108246 usd
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
90883 usd
CY2024Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
7658050 usd
CY2024Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
6286399 usd
CY2024Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-11755611 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-11312257 usd
CY2024Q4 us-gaap Stockholders Equity
StockholdersEquity
-3988315 usd
us-gaap Revenues
Revenues
259018 usd
CY2024Q4 us-gaap Operating Lease Expense
OperatingLeaseExpense
147192 usd
CY2023Q4 us-gaap Operating Lease Expense
OperatingLeaseExpense
152622 usd
CY2024Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26851 usd
CY2023Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31958 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
130787 usd
CY2024Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92981797 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90883013 shares
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-4290640 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-4471978 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-124010 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-4595988 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-143007 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-4738995 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-169037 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-5103012 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-117856 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-5220868 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-5220868 usd
CY2024Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1389014 usd
CY2024Q4 us-gaap Net Income Loss
NetIncomeLoss
-156461 usd
CY2024Q4 us-gaap Stockholders Equity
StockholdersEquity
-3988315 usd
CY2024Q4 us-gaap Stockholders Equity
StockholdersEquity
-3988315 usd
us-gaap Net Income Loss
NetIncomeLoss
-443354 usd
us-gaap Net Income Loss
NetIncomeLoss
-448355 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
65705 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
40185 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14117 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1107 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1543 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6070 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
118055 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
95843 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-275254 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-317290 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
300000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
200000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
300000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
200000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24746 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-117290 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
54217 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
151731 usd
CY2024Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
78963 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34441 usd
us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
18008 usd
us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
5709 usd
NRIS Conversion Of Related Party Notes Payable And Related Accrued Interests To Common Shares
ConversionOfRelatedPartyNotesPayableAndRelatedAccruedInterestsToCommonShares
1389014 usd
CY2024 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-643335 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-443354 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-275000 usd
CY2024Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
79000 usd
CY2024Q4 NRIS Working Capital
WorkingCapital
-9400 usd
CY2018Q3 us-gaap Payments For Rent
PaymentsForRent
950 usd
CY2023Q4 us-gaap Payments For Rent
PaymentsForRent
2850 usd
us-gaap Payments For Rent
PaymentsForRent
2850 usd
CY2024Q4 us-gaap Payments For Rent
PaymentsForRent
8550 usd
us-gaap Payments For Rent
PaymentsForRent
8550 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_z3zc0cXY3WVk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_860_zrFRWIBrsQ0j">Use of Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expense during the period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
82666667 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
93916667 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_zILy14KGASdd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_863_z23TpAP8edp5">Concentrations of Credit Risk</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments which potentially subject the Company to concentrations of credit risk include cash deposits placed with financial institutions. The Company maintains its cash in bank accounts which, at times, may exceed federally insured limits as guaranteed by the Federal Deposit Insurance Corporation (“FDIC”). At November 30, 2024, the Company had <span id="xdx_90C_eus-gaap--CashUninsuredAmount_iI_do_c20241130_zrv3xOf7ns58" title="Cash uninsured amount">no</span> uninsured cash balances. The Company has not experienced any losses on such accounts.</span></p>
CY2024Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
0 usd
CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
81744 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87112 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
259018 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251070 usd
CY2024Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
2930237 usd
CY2024Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
2930237 usd
CY2024Q1 us-gaap Capitalized Costs Asset Retirement Costs
CapitalizedCostsAssetRetirementCosts
400094 usd
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-18008 usd
CY2024Q4 us-gaap Capitalized Costs Asset Retirement Costs
CapitalizedCostsAssetRetirementCosts
382086 usd
CY2024Q1 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
2943821 usd
NRIS Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities Addition
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivitiesAddition
54014 usd
CY2024Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
2997835 usd
CY2024Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
386510 usd
NRIS Costs Incurred Acquisition Of Oil And Gas Properties Addtion
CostsIncurredAcquisitionOfOilAndGasPropertiesAddtion
-54014 usd
NRIS Oil And Gas Property Addition Disposition
OilAndGasPropertyAdditionDisposition
-18008 usd
CY2024Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
314488 usd
us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
54014 usd
us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
25478 usd
CY2024Q4 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
14493 usd
CY2023Q4 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
6963 usd
CY2024Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
485333 usd
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-18008 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
11691 usd
CY2024Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
479016 usd
CY2024Q4 us-gaap Accretion Expense
AccretionExpense
0 usd
us-gaap Accretion Expense
AccretionExpense
11691 usd
CY2023Q4 us-gaap Accretion Expense
AccretionExpense
6664 usd
us-gaap Accretion Expense
AccretionExpense
14707 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
300000 usd
CY2024Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
500000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
200000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
118055 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
94343 usd
CY2024Q4 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
49669 usd
CY2023Q4 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
31912 usd
CY2024Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
585341 usd
CY2024Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
614382 usd
CY2024Q1 us-gaap Notes Payable
NotesPayable
4200000 usd
CY2024Q4 us-gaap Notes Payable
NotesPayable
3200000 usd
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
usd
dei Entity File Number
EntityFileNumber
000-55695
dei Entity Registrant Name
EntityRegistrantName
Norris Industries, Inc.
us-gaap Operating Lease Expense
OperatingLeaseExpense
387825 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
411732 usd
us-gaap Revenues
Revenues
251070 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-181338 usd
CY2024Q4 us-gaap Cash
Cash
78963 usd
CY2024Q1 us-gaap Cash
Cash
54217 usd
CY2024Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
31128 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17011 usd
CY2024Q4 us-gaap Assets Current
AssetsCurrent
110091 usd
CY2024Q1 us-gaap Assets Current
AssetsCurrent
71228 usd
CY2024Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
3312323 usd
CY2024Q1 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
3330331 usd
CY2024Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
2997835 usd
CY2024Q1 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
2943821 usd
CY2024Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
314488 usd
CY2024Q1 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
386510 usd
CY2024Q4 us-gaap Assets
Assets
424579 usd
CY2024Q1 us-gaap Assets
Assets
457738 usd
CY2024Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
119496 usd
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
121039 usd
CY2024Q4 us-gaap Liabilities Current
LiabilitiesCurrent
119496 usd
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
121039 usd
CY2024Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
479016 usd
CY2024Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
485333 usd
CY2024Q4 us-gaap Liabilities
Liabilities
4412894 usd
CY2024Q1 us-gaap Liabilities
Liabilities
5391713 usd
CY2024Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2024Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2024Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
108245688 shares
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-4933975 usd
CY2024Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
424579 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
457738 usd
CY2024Q4 us-gaap Revenues
Revenues
81744 usd
CY2023Q4 us-gaap Revenues
Revenues
87112 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
153165 usd
CY2024Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
14493 usd
CY2023Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
13627 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
65705 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
40185 usd
CY2024Q4 us-gaap Operating Expenses
OperatingExpenses
188536 usd
CY2023Q4 us-gaap Operating Expenses
OperatingExpenses
198207 usd
us-gaap Operating Expenses
OperatingExpenses
584317 usd
us-gaap Operating Expenses
OperatingExpenses
605082 usd
CY2024Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-106792 usd
CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-111095 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-325299 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-354012 usd
CY2024Q4 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
49669 usd
CY2023Q4 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
31912 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
118055 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
94343 usd
CY2024Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-49669 usd
CY2023Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-31912 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-118055 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-94343 usd
CY2024Q4 us-gaap Net Income Loss
NetIncomeLoss
-156461 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-143007 usd
us-gaap Net Income Loss
NetIncomeLoss
-443354 usd
us-gaap Net Income Loss
NetIncomeLoss
-448355 usd
CY2024Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2024Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2024Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92981797 shares
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90883013 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90883013 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91575004 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91575004 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90883013 shares
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-4933975 usd

Files In Submission

Name View Source Status
0001493152-25-002066-index-headers.html Edgar Link pending
0001493152-25-002066-index.html Edgar Link pending
0001493152-25-002066.txt Edgar Link pending
0001493152-25-002066-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
nris-20241130.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
nris-20241130_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
nris-20241130_def.xml Edgar Link unprocessable
nris-20241130_lab.xml Edgar Link unprocessable
nris-20241130_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending