Company: ALTX
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001096906-25-000670
Chunk: 1

Company: ALTEX INDUSTRIES INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 1
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 the Company invests a substantial portion of its cash balances in interests in producing oil and gas wells or in one or more other ventures that produce revenue and net income, the Company is likely to experience net losses. With the exception of unanticipated asset retirement obligations, unanticipated environmental expense, and possible changes in interest rates and oil and gas prices, the Company is not aware of any other trends, events, or uncertainties that have had or that are reasonably expected to have a material impact on net sales or revenues or income from continuing operations.

Climate Change

The company does not believe that climate change or regulations adopted to mitigate the consequences of climate change will have a material impact on the Company’s financial condition or results of operations.

Item 4. Controls and Procedures.