Company: OKMN
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001553350-25-000149
Chunk: 4

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-11-25
Form: 10-Q
Item: Item 1
Chunk 4
---
 —  
     (6,000)
  
    Private Placement of Common Stock 
     30,000  

    Net cash provided by (used in) financing activities 
     30,000  
     (6,000)

    Net change in cash 
     2,135  
     1,320 
  
    Cash - beginning of period 
     11,488  
     72,281 
  
    Cash - end of period 
    $13,623  
    $73,602 

    Non-cash investing and financing activities 

    Common stock issued for Note Repayment 
     195,091  
     — 
  
    Common stock issued for Accrued Interest Payable 
     63,956  
     — 
  
    Common stock issued for services 
     10,385  
     143,100 

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

4 

OKMIN RESOURCES INC. AND SUBSIDIARIES

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

As of September 30, 2025

1.     ORGANIZATION
AND NATURE OF OPERATIONS

Business description

Okmin Resources, Inc. (collectively with its subsidiaries,
“Okmin” or the “Company”) was incorporated in Nevada in December 2020 to engage in the business of the acquisition,
exploration and development of oil and gas properties, mineral rights, and other natural resource assets.

Okmin has been focused on the acquisition and development
of domestic oil and gas fields and investing in lower profile rework and recompletion opportunities with lower entry costs. The Company's
initial projects are located in Oklahoma and Kansas. 

The Company has two wholly owned subsidiaries that
conduct oil and gas activities: Okmin Operations, LLC, organized on May 25, 2021 in the State of Kansas, and Okmin Energy LLC, organized
on November 21, 2021 in the State of Oklahoma.

The Company has an interest in three separate projects:

    1)
    A 72.5% Net Revenue Interest in the Vitt oil lease located in Neosho County, Kansas

    2)
    A 10% overriding royalty interest in West Sheppard Pool, a natural gas project in Northeast Oklahoma

    3)
    A 95% Joint Venture interest in Pushmataha,