Home / Going-concern warnings / Norris Industries, Inc.
Filed 2026-05-29 路 Form 10-K 路 Accession 0001493152-26-026291 nano
Price before filing: $0.148 (2026-05-28 close, split/dividend-adjusted)
Market cap at flag: $16.0M (2026-05-29) 路 Latest: $14.2M (2026-10-16)
| Window | NRIS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -11.4% | -1.5% | -9.9% | 2026-06-29 |
| 90 days | -0.2% | +2.5% | -2.7% | 2026-08-27 |
| 180 days | pending | pending | until 2026-11-25 | |
| 1 year | pending | pending | until 2027-05-29 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"As a result of management's plan above, our current amount of cash on hand, and our historical ability to raise capital, management has concluded that substantial doubt of our ability to continue as a going concern has been alleviated . F- 7 Use of Estimates 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 liabilit"
Quoted from the filing. Source
Going-concern doubt disclosed, then alleviated: the company said conditions raised substantial doubt about its ability to continue as a going concern, but that its plans or new funding resolve that doubt for the next 12 months. A weaker warning than an unresolved going-concern doubt, but the company recently needed a rescue plan or fresh money to stay afloat.
Source: management disclosure in Form 10-K (period 2026-02-28)
Status: doubt alleviated (the company says its plans or new funding resolve the substantial doubt it disclosed)
Why this score: substantial doubt disclosed, then alleviated by management's plans or new funding
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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