Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 328

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 10
Chunk 328
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 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 
     —    
     —   

    Net loss 
    $(597,167) 
    $(873,214)

    Net income (loss) per share 

    Basic 
    $(0.01) 
    $(0.01)

    Weighted average number of shares outstanding 

    Basic 
     116,294,784  
     113,991,380 

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

F-4 

OKMIN RESOURCES INC. AND SUBSIDIARIES

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)

For the Years Ended June 30, 2025 and 2024

    Additional  
       
    Stockholders' 

    Preferred Stock  
    Common Stock  
    Paid-In  
    Accumulated  
    Equity/ 

    Shares  
    Amount