v3.26.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	May 31, 2026	May 31, 2025
Revenues
Total Revenues	$ 90,358	$ 92,770
Operating Expenses
Lease operating expenses	148,432	134,937
General and administrative expenses	149,039	83,324
Depletion, depreciation, and accretion	2,063	14,569
Total Operating Expenses	299,534	232,830
Loss from Operations	(209,176)	(140,060)
Other Expense
Interest expense	(33,142)	(27,348)
Total Other Expense	(33,142)	(27,348)
Net Loss	$ (242,318)	$ (167,408)
Net loss per common share - basic	$ (0.00)	$ (0.00)
Net loss per common share - diluted	$ (0.00)	$ (0.00)
Weighted average number of common shares outstanding - basic	108,245,688	108,245,688
Weighted average number of common shares outstanding - diluted	108,245,688	108,245,688
Oil and Gas [Member]
Revenues
Total Revenues	$ 90,358	$ 92,770

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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Norris Industries, Inc. 10-Q