Company: AGTX
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001477932-25-008502
Chunk: 21

Company: Agentix Corp.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 2
Chunk 21
---
. 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, 2025, interest expense, net was $24,159 as compared to $9,844 for the three months ended September 30, 2024. The increase of $14,315 related to higher average borrowings and related financing costs during the period.

For the three months ended September 30, 2025, other income was $0 (no comparable amount in the prior-year quarter).

As a result, net loss for the three months ended September 30, 2025 was $144,107, as compared to a net loss of $90,669 for the three months ended September 30, 2024. Other comprehensive loss