Welcome to our dedicated page for Norris Inds SEC filings (Ticker: NRIS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Norris Industries, Inc. (NRIS) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a Nevada corporation with common stock registered under Section 12(g) of the Exchange Act and quoted on OTCMKTS. These filings are a primary source of information about the company’s financial reporting and auditor relationships.
Among the key documents is a Form 8-K in which Norris Industries, Inc. reports a change in its independent registered public accounting firm. The filing explains that the partners and professional staff of Horne LLP, the company’s former independent registered public accounting firm, joined BDO USA, P.C. Horne resigned as the company’s independent registered public accounting firm, and the company’s board of directors approved the appointment of BDO as the new independent registered public accounting firm.
The 8-K further notes that Horne’s audit reports on the company’s financial statements for the fiscal years ended February 28, 2025 and February 29, 2024 contained no adverse opinions or disclaimers of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. It also states that there were no disagreements with Horne on accounting principles, financial statement disclosure, or auditing scope or procedure that would have required reference in Horne’s reports, and that there were no consultations with BDO on matters that would be considered disagreements or reportable events prior to its engagement.
On Stock Titan, these filings are updated from EDGAR and paired with AI-powered summaries that highlight the core issues in documents such as Forms 8-K, 10-K, 10-Q, and auditor-related exhibits. Users can quickly see what the filing reports, how it affects the company’s financial reporting framework, and where auditor changes or other material events fit into the broader disclosure history of Norris Industries, Inc.
Norris Industries, Inc., a small Texas-focused oil and gas producer, reported continued losses and weak production for the quarter and nine months ended November 30, 2025. Quarterly revenue from oil and gas sales was $54,228, down from $81,744 a year earlier, and the net loss was $158,177. For the nine-month period, revenue was $231,386 with a net loss of $477,474.
At November 30, 2025, cash was only $88,690 and total assets were $335,925 against total liabilities of $4,919,934, resulting in a stockholders’ deficit of $5,334,009. The company relies heavily on a related-party credit line, with $3,700,000 of convertible related-party debt outstanding and $1,000,000 still available to draw.
Management acknowledges recurring operating losses and negative cash flows, but believes existing cash and the expanded JBB credit facility can fund operations for 12 months, alleviating substantial doubt about going concern. Subsequent to the period, Norris canceled all 1,000,000 shares of its Series A Convertible Preferred Stock and drew an additional $100,000 on its credit line. Material weaknesses in internal control over financial reporting remain unremediated.
Norris Industries, Inc. reported that its Board of Directors accepted a contribution to capital from Chief Executive Officer Patrick Norris and his affiliates of the currently issued and outstanding 1,000,000 shares of preferred stock on February 27, 2026. These preferred shares will be cancelled and returned to the status of authorized but unissued preferred stock, simplifying the company’s capital structure by removing this block of outstanding preferred equity.
Norris Industries, Inc. has appointed Sadler, Gibb & Associates, LLC as its new independent registered public accounting firm, replacing BDO USA, PC. The Board of Directors approved the engagement on February 13, 2026, and the appointment was effective February 24, 2026.
The company states that during its two most recent fiscal years ended February 28, 2025 and February 29, 2024, and through February 24, 2026, it did not consult Sadler Gibb on accounting principles, audit opinions, or any matters involving disagreements or reportable events under Regulation S-K.
Norris Industries, Inc., a Nevada-based company trading on OTCMKTS under the symbol NRIS, filed Amendment No. 1 to a prior current report. The amendment is used to file additional exhibits, including a letter from BDO USA, P.C. dated February 12, 2026 to the company’s board of directors and a second BDO letter dated February 19, 2026 addressed to the SEC. The filing also includes an Inline XBRL cover page data file.
Norris Industries reported that former auditor BDO USA, P.C. sent a letter on February 12, 2026 stating its view that the company’s historical accounting classification of its Class A Preferred Stock was incorrect and that previously issued financial statements for the fiscal years ended February 28, 2025 and February 29, 2024 should no longer be relied upon.
Management disagrees that its historical treatment was clearly incorrect and views the issue as a matter of professional judgment. The Board is evaluating BDO’s position and has not concluded that restatements are required or that past financial statements are unreliable. The company plans to engage a new independent auditor and an independent accounting advisory firm to review the preferred stock accounting. The holder has contributed the preferred shares to capital and they have been cancelled, though this does not resolve the historical accounting question.
Norris Industries, Inc. filed a current report describing a change in its independent auditor and highlighting internal control issues. On February 9, 2026, the board dismissed BDO USA, P.C. as the company’s independent registered public accounting firm. BDO had not yet issued an audit report for any fiscal period; prior audits for the years ended February 28, 2025 and February 29, 2024 were performed by HORNE LLP, whose reports contained no adverse opinions, disclaimers, or qualifications.
The company reports a disagreement with BDO over whether its outstanding Series A Convertible Preferred Stock should be classified as permanent equity or temporary (mezzanine) equity. Beyond this matter, it discloses several material weaknesses in internal control, including lack of US GAAP-experienced accounting personnel, missing policies for timely and accurate reporting of significant agreements and transactions, absence of an independent audit committee, and insufficient staff to properly segregate accounting duties. As of this report, Norris Industries has not yet engaged a new independent registered public accounting firm.
Norris Industries (NRIS) changed its independent auditor. After Horne LLP’s partners and staff joined BDO USA, P.C., Horne resigned as the Company’s independent registered public accounting firm on October 31, 2025. With Board approval, the Company appointed BDO as its new auditor on November 1, 2025.
Horne’s reports for the fiscal years ended February 28, 2025 and February 29, 2024 contained no adverse opinion or disclaimer and were not qualified or modified. The Company reports no disagreements with Horne on accounting principles, disclosures, or audit scope through October 31, 2025, and no reportable events under Item 304(a)(1)(v). The Company did not consult with BDO on accounting or audit matters prior to engagement. Horne’s concurrence letter is filed as Exhibit 16.1.
Norris Industries (NRIS) reported Q2 FY2026 results for the quarter ended August 31, 2025. Revenue was $84,388, up slightly from $77,007 a year ago, while the net loss widened to $151,889 from $117,856 as higher lease operating and G&A costs offset modest sales gains.
For the first six months, revenue was $177,158 versus $177,274 last year, with a net loss of $319,297. Management attributes expense pressure partly to plugging and abandoning four wells. Interest expense decreased as prior notes were converted to equity in November 2024.
Liquidity remains tight: cash was $40,323 and working capital was negative by about $75,000 as of August 31, 2025. Related‑party notes totaled $3.5 million, and the company had $700,000 available on its credit line, with a subsequent $100,000 draw after quarter‑end. Stockholders’ deficit was $(4.43) million. Internal disclosure controls and procedures were deemed not effective due to previously identified material weaknesses. As of September 15, 2025, 108,245,688 common shares were outstanding.