Company: AGTX
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001477932-25-006197
Chunk: 19

Company: Agentix Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 2
Chunk 19
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. These financial statements should be read in conjunction with our audited financial statements for the reporting period ended March 31, 2025 and notes thereto contained in our Annual Report on Form 10-K.

Recent Accounting Pronouncements

We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operations, financial position or cash flow.

RESULTS OF OPERATIONS

Three Months Ended June 30, 2025 as compared to Three Months Ended June 30, 2024:

We recorded no revenues during the three months ended June 30, 2025 and 2023.

For the three months ended June 30, 2025, professional fees were $82,625 as compared to $77,000 for the three months ended June 30, 2024, an increase of $44,499. The Increase in professional fees mainly to an increase in accounting and consulting fees.

For the three months ended June 30, 2025, we incurred total research and development expenses of $100,000, compared to 55,501 for the same period in 2024, reflecting a net increase in expenses of $44,499. The increase was mainly related to increase in R&D consulting costs.

For the three months ended June 30, 2025, general and administrative expenses were $17,717 as compared to $18,804 for the three months ended June 30, 2024, a decrease of $1,087. The decrease was primarily related to lower software expenses.

For the three months ended June 30, 2025, foreign exchange loss was $15,140 compared to $8,223 for the three months ended June 30, 2024, which was due primarily to the fluctuations in currency exchange rates.

For the three months ended June 30, 2025, interest expense, net was $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.

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Liquidity and Capital Resources

Our unaudited consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates