NRIS — what changed in the latest 10-Q
A section-by-section comparison of NRIS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-13 vs the prior 10-Q · 2026-07-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +15 | −11 | ~7 | 20 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 5 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-13
b) Develop strategic partnerships or review other acquisition opportunities in the energy space for possible acquisition of an existing operator or energy support services with existing profitable operations to acquire expertise and revenues, earnings to become a sustainable operation with positive …
Operating expenses for the three months ended August 31, 2026 and 2025 were $211,042 and $207,587, respectively. Lease operating expenses increased to $134,424 for the three-month period ended August 31, 2026, compared to $119,716 for the three-month period ended August 31, 2025. The increases of ex…
For the three months ended August 31, 2026 and 2025, the Company recorded interest expense of $35,266 and $28,690, respectively, related to outstanding related party debt. Net loss was $161,303 for the three months ended August 31, 2026, compared to $151,889 for the same period in 2025.
Comparison of the Six Months Ended August 31, 2026, with the Six Months Ended August 31, 2025
The Company generated revenues of $175,363 from oil and gas sales for the six months ended August 31, 2026, compared to $177,158 for the six months ended August 31, 2025, a decrease of $1,795, or approximately 1%.
Text removed vs the prior filing · source: 10-Q · 2026-07-15
b) Develop strategic partnerships with existing operators to share production increases garnered through the implementation of this EOR plan.
Operating expenses for the three months ended May 31, 2026, and 2025 were 299,534 and $232,830, respectively. Our lease operating expenses increased to $148,432 for the three-month period ended May 31, 2026, compared to $134,937 for the three-month period ended May 31, 2025, that was primarily relat…
For the three months ended May 31, 2026 and 2025, the Company recorded interest expense of $33,142 and $27,348, respectively, related to outstanding related party debt. The increase in interest expense was primarily attributable to higher outstanding borrowings during the current quarter.
Net cash used in operating activities during the three months ended May 31, 2026, was $211,513, compared to cash used in operating activities of $98,239 for the same period in 2025.
Net cash provided by financing activities for three months ended May 31, 2026, and 2025 was $200,000 and $100,000, respectively.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice