Company: AGTX
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001477932-25-006197
Chunk: 14

Company: Agentix Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 $21,226 as compared to $7,635 for the three months ended June 30, 2024. The increase in interest expense related to our loan activity during the three months ended June 30, 2025 as compared to the same period in 2024.

For the three months ended June 30, 2025, other income was $20,604, consisting primarily of a gain recognized on the settlement of accounts payable.

 4Table of Contents

Liquidity and Capital Resources

Our unaudited consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in our unaudited consolidated financial statements for the three months ended June 30, 2025, we had an accumulated deficit, we had a net loss along with negative cash generated from our operations and we have a negative working capital. In addition, we owe our vendors and related parties $3,276,178 as of June 30, 2025. Although, on January 15, 2023 and June 15, 2023, we entered into two separate Mezzanine Secured Note (“Notes”) in the principal amount up to $200,000 and $500,000, respectively, with Gray’s Peak Private Credit LLC (see Note 3 to the unaudited consolidated financial statements), the debt maturity of these Notes is short term. These factors raise substantial doubt about our ability to continue as a going concern.

We are attempting to commence operations and generate sufficient revenue; however, our cash position is not sufficient to support our daily operations. As such, we will need to raise funds to complete our plan of operation and fund our ongoing operational expenses for the next 12 months. Additional funding will likely come from equity financing from the sale of our common stock or debt financing. If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our Company and if we obtain debt financing, the terms of any such debt financing may not be favorable to existing shareholders. We cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock or obtaining debt to fund our development activities and ongoing operational expenses. In the absence of such financing, our business will likely fail. There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing. If