Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 356

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 12
Chunk 356
---
, 117,899,921 and 114,424,921 issued and outstanding at June 30, 2025 and 2024, respectively 
     11,790  
     11,443 
  
    Additional paid-in capital 
     1,672,790  
     1,530,037 
  
    Accumulated deficit 
     (2,305,685) 
     (1,708,518)
  
    Total stockholders’ equity (deficit) 
     (620,605) 
     (166,538)

    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 
    $133,322  
    $366,621 

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

F-3 

OKMIN RESOURCES INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

    Year  
    Year 

    Ended  
    Ended 

    June 30, 2025  
    June 30, 2024 
  
    Revenue 

    Oil and gas sales 
    $22,180  
    $42,543 

    Cost of revenue 
     42,713  
     92,024 
  
    Gross profit (loss) 
     (20,533) 
     (49,481)

    Operating expenses: 

    General and administrative expense 
     388,579  
     406,175 
  
    Depreciation, depletion and amortization 
     5,436  
     5,194 
  
        Impairment of oil and gas properties 
     167,003  
     401,858 

    Total operating expenses 
     561,018  
     813,227 

    Loss from operations 
     (581,551) 
     (862,708)

    Other income 
     342  
     —   
  
    Interest income 
     1,304  
     6,141 
  
    Interest expense 
     (17,262) 
     (16,647)

    Total other expense 
     (15,616) 
     (10,506)

    Loss before taxes 
     (597,167) 
     (873,214)

    Provision for income taxes