Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 308

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7A
Chunk 308
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 deemed price of $0.0482 per share for legal fees.

    F-12 
    OKMIN RESOURCES INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSJune 30, 2025 

8.        NET INCOME PER COMMON SHARE

A reconciliation of the components of net loss per
common share for the years ended June 30, 2025 and 2024 are presented below:

    Schedule of components of net loss per common share 

    2025  
    2024 

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

    Basic weighted average number of  common shares outstanding 
     116,294,784  
     113,991,380 

    Effect of dilutive securities 

    Preferred Stock 
     50,000,000  
     50,000,000 
  
    Convertible Debt 
     6,694,770  
     6,822,567 
  
    Effect of dilutive securities 
     56.694,770  
     56,822,567 

    Diluted weighted average number  of common shares outstanding 
     172,989,554  
     171,839,286 

    Basic loss per common share 
    $(0.01) 
    $(0.01)
  
    Diluted loss per common share 
    $(0.00) 
    $(0.00)

The numerator for basic earnings per share is net
income attributable to common stockholders. The numerator for diluted earnings per share is net income available to common stockholders.

9.        STOCK BASED COMPENSATION

The Company has not adopted any equity grant program.
The Company’s Officers hold no stock options or unvested stock awards, and held none at any time during the year ended June 30,
2025.

During the year ended June 30, 2025, the Company
issued the following common shares:

a)225,000 common shares at a deemed value of $9,000 to Sierra Land Resources in connection with an ongoing
services agreement, whereby Mr. Ed Sierra serves as the Company’s Advisor on Land and Resource Development, which was initially
entered into on July 2022. Under the agreement, the Company issues shares to Sierra for their work in lieu of cash fees based upon the
price of the Company’s common