Company: AGTX
Filing Date: 2025-07-16
Form Type: 10-K
Source: 0001477932-25-005077
Chunk: 122

Company: Agentix Corp.
Filing Date: 2025-07-16
Form: 10-K
Item: Item 1B
Chunk 122
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 and any proceeds thereof excluding equipment leased by the Company (collectively called the “Collateral”). Gray’s Peak interest is senior to the unsecured debt or lenders of the Company and the Company’s equity holders. Upon the occurrence of any Event of Default, as defined in the agreement, the principal sum, all accrued and unpaid interest owing thereon and all costs and expenses payable pursuant to this Note, shall, at the sole option of Gray’s Peak and with submission of written notice, become immediately due and payable.  As of March 31, 2025 and March 31, 2024, the principal balance outstanding was $243,000 and $143,000, respectively. The notes were included in notes payable – related party on the accompanying consolidated balance sheet of which $60,197 and $19,453 of interest was accrued and included in accrued expenses as of March 31, 2025 and March 31, 2024, respectively. Management As of March 31, 2025 and 2024, $433,497, respectively, was included in accounts payable – related parties on the accompanying consolidated balance sheet.

Note 4 – Equity As of March 31, 2025 and March 31, 2024, the Company has authorized 50,000,000 shares of common stock at a par value of $0.001 per share and had issued and outstanding shares of common stock of 40,066,951 and 40,066,951, respectively. Shares Issued for Cash During the year ended March 31, 2025 and 2024, the Company did not issue any shares for cash. Shares Issued for Services The Company did not issue any shares for services during the year ended March 31, 2025. During the year ended March 31, 2023, the Company granted 250,000 shares of its common stock to SBS Management LLC in exchange for services previously provided. The shares were valued at a price of $0.17 per share or $42,375, which was the then fair market value as per the market closing price as of the date of the Company’s grant of these shares. As of March 31, 2025 and 2024, these shares had not been issued and were included in common stock to be issued in the consolidated balance sheet. During the year ended March 31, 2023, the Company granted 307,102 shares