v3.24.4

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Revenues
Total Revenues	$ 81,744	$ 87,112	$ 259,018	$ 251,070
Operating Expenses
Lease operating expenses	147,192	152,622	387,825	411,732
General and administrative expenses	26,851	31,958	130,787	153,165
Depletion, depreciation, and accretion	14,493	13,627	65,705	40,185
Total Operating Expenses	188,536	198,207	584,317	605,082
Loss from Operations	(106,792)	(111,095)	(325,299)	(354,012)
Other Expense
Interest expense	(49,669)	(31,912)	(118,055)	(94,343)
Total Other Expense	(49,669)	(31,912)	(118,055)	(94,343)
Net Loss	$ (156,461)	$ (143,007)	$ (443,354)	$ (448,355)
Net loss per common share - basic	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.01)
Net loss per common share - diluted	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding - basic	92,981,797	90,883,013	91,575,004	90,883,013
Weighted average number of common shares outstanding - diluted	92,981,797	90,883,013	91,575,004	90,883,013
Oil and Gas [Member]
Revenues
Total Revenues	$ 81,744	$ 87,112	$ 259,018	$ 251,070

The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Norris Industries, Inc. 10-Q