Company: AGTX
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001477932-25-006197
Chunk: 13

Company: Agentix Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 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 June 30, 2025 as compared to Three Months Ended June 30, 2024:

We recorded no revenues during the three months ended June 30, 2025 and 2023.

For the three months ended June 30, 2025, professional fees were $82,625 as compared to $77,000 for the three months ended June 30, 2024, an increase of $44,499. The Increase in professional fees mainly to an increase in accounting and consulting fees.

For the three months ended June 30, 2025, we incurred total research and development expenses of $100,000, compared to 55,501 for the same period in 2024, reflecting a net increase in expenses of $44,499. The increase was mainly related to increase in R&D consulting costs.

For the three months ended June 30, 2025, general and administrative expenses were $17,717 as compared to $18,804 for the three months ended June 30, 2024, a decrease of $1,087. The decrease was primarily related to lower software expenses.

For the three months ended June 30, 2025, foreign exchange loss was $15,140 compared to $8,223 for the three months ended June 30, 2024, which was due primarily to the fluctuations in currency exchange rates.

For the three months ended June 30, 2025, interest expense, net was