Company: AGTX
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001477932-25-008502
Chunk: 14

Company: Agentix Corp.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and with the rules and regulations of the SEC to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with our audited financial statements for the reporting period ended March 31, 2025 and notes thereto contained in our Annual Report on Form 10-K.

Recent Accounting Pronouncements

We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operations, financial position or cash flow.

RESULTS OF OPERATIONS

Three Months Ended September 30, 2025 as compared to Three Months Ended September 30, 2024:

We recorded no revenues during the three months ended September 30, 2025 and 2024.

For the three months ended September 30, 2025, professional fees were $81,233 as compared to $64,310 for the three months ended September 30, 2024, an increase of $16,923. The increase in professional fees was mainly due to higher accounting and consulting fees.

For the three months ended September 30, 2025, research and development expenses were $25,079, compared to $11,850 for the same period in 2024, reflecting an increase of $13,229. The increase was mainly related to higher R&D consulting costs.

For the three months ended September 30, 2025, general and administrative expenses were $16,785 as compared to $16,850 for the three months ended September 30, 2024, a slight decrease of $65. The decrease was primarily related to lower software and other administrative costs.

For the three months ended September 30, 2025, foreign exchange gain was $3,149 compared to a gain of $12,185 for the three months ended September 30, 2024, a $9,036 less favorable variance due primarily to fluctuations in currency exchange rates.

For the three months ended September 30,