Company: OKMN
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001079973-25-000885
Chunk: 9

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-05-16
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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000 Each share of Series A Preferred Stock has voting rights of ten votes
per share, though is not entitled to receive dividends. Additionally, each share of Series A preferred shares may be converted at $0.01
per preferred share into ten shares of common stock for each share of Series A Preferred Stock. Jonathan
Herzog, the Company’s President and Chief Executive Officer owns all of the Series A Preferred Stock. At any shareholders
meeting or in connection with the giving of shareholder consents, the holder of each share of Series A Preferred Stock is entitled to
voting rights of ten votes per share, though is not entitled to receive dividends. Accordingly, by reason of his ownership of Series A
Preferred Stock, Mr. Herzog exercises control of approximately 48% of the aggregate voting power in the Company.

Common stock

The Company is authorized to issue750,000,000shares
of common stock with a par value of $0.0001per share.

As of March 31, 2025, the Company had117,399,921shares of its common stock issued and outstanding.

8. INCOME (LOSS) PER COMMON SHARE

A reconciliation of the components of basic and diluted
net loss per common share for the three months and six months ended March 31, 2025 is presented below:

  Schedule of components of net loss per common share                                                                                                   
                                                           Three Months Ended March 31, 2025                                                            
                                                           Net Loss                                                              Per Share              
  Basic Earnings per Share:                                                                                                                             
  Net loss attributable to common stock basic              $                                      ( 67,241      117,399,921      $              ( 0.00  
  Net loss attributable to common stock fully diluted      $                                      ( 67,241      174,024,568      $              ( 0.00  

                                                           Nine Months Ended March 31, 2025                                                             
                                                           Net Loss                                                              Per Share              
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Basic Earnings per Share:                                                                                                                             
  Net loss attributable to common stock basic              $                                     ( 353,785      115,927,749      $              ( 0.00  
  Net loss attributable to common stock fully diluted      $                                     ( 353,785      172,177,205      $              ( 0.00  

The numerator for basic earnings per share is net
income attributable to common stock