Company: OKMN
Filing Date: 2025-02-20
Form Type: 10-Q
Source: 0001079973-25-000298
Chunk: 4

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-02-20
Form: 10-Q
Item: Item 1
Chunk 4
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OLIDATED STATEMENTS OF CASH
FLOW

(Unaudited) 

    Six Months Ended 

    December 31, 

    2024  
    2023 
  
    Cash Flows from Operating Activities 

    Net (loss) 
    $(286,543) 
    $(203,687)
  
    Adjustments to reconcile net loss to net cash from operations: 

    Accrued oil and gas sales 
     65  
     — 
  
    Depreciation and impairment 
     2,718  
     — 
  
    Production revenue receivable 
     —  
     (10,299)
  
    Prepaid expenses 
     —  
     — 
  
    Other assets and restricted cash 
     —  
     (76,720)
  
    Issuance of common stock for services 
     119,000  
     123,456 
  
    Impairment of oil and gas properties 
     15,761  
     — 
  
    Accounts payable and accrued liabilities 
     146,485  
     58,625 
  
    Accrued interest payable 
      —  
     8,469 
  
    Net cash from operating activities 
     (2,514) 
     (100,156)

    Cash Flows from Investing Activities 

    Investment in oil and gas properties 
     —  
     2,476 
  
    Net cash from investing activities 
     —  
     2,476 

    Cash Flows from Financing Activities 

    (Repayment of) note payable 
     (12,000) 
     (4,000)
  
    Net cash from financing activities 
     (12,000) 
     (4,000)

    Net change in cash 
     (14,514) 
     (101,680)
  
    Cash - beginning of period 
     72,281  
     214,316 
  
    Cash - end of period 
    $57,767  
    $112,636 

    Non-cash Transactions 

    Common stock issued for services 
    $119,000  
    $123,456 

The accompanying notes are an integral part of these
financial statements.

4 

OKMIN RESOURCES INC. AND SUBSIDIARIES

NOT