Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 147

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 147
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     143,100 
  
    Net loss 
     —    
     —    
     —    
     —    
     —    
     (597,167) 
     (597,167)

    Balance, June 30, 2025 
     5,000,000  
    $500  
     117,899,921  
    $11,790  
    $1,672,790  
     (2,305,685) 
     (620,605)

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

F-5 

OKMIN RESOURCES INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOW 

    Year  
    Year 

    Ended  
    Ended 

    June 30, 2025  
    June 30, 2024 
  
    Cash Flows From Operating Activities 

    Net loss 
    $(597,167) 
    $(873,214)
  
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 

    Depreciation 
     5,436  
     5,194 
  
    Issuance of common stock for services 
     143,100  
     137,130 
  
    Impairment of oil and gas properties 
     167,003  
     401,858 
  
    Changes in operating assets and liabilities 

    Accrued product sale (O&G) 
     66  
     (103)
  
    Prepaid expenses 
     —    
     96 
  
    Accrued interest payable 
     14,414  
     16,647 
  
    Accounts payable and accrued liabilities 
     230,355  
     186,357 

    Net cash used in operating activities 
     (36,793) 
     (126,035)

    Cash Flows From Investing Activities 

    Investment in oil and gas properties 
    $—    
    $—   

    Net cash from investing activities 
     —    
     —   

    Cash Flows From Financing Activities 

    Repayments of Note Payable 
     (24,000) 
     (16,000)

    Net cash used in financing activities