Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 270

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1C
Chunk 270
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 issued 321,741 shares
at $0.0425 per share, pursuant to an ongoing services agreement with Sierra Land Resources, LLC, in connection with Land and Resource
Development work. 

On November 12, 2024, the board of directors approved
the issuance of 250,000 common shares at $0.04 per share in connection with consulting services for the Company’s filings, preparation,
compliance matters and business activities.

On November 12, 2024, the Company issued 2,500,000
common shares at $0.04 per share to Samuel Naparstek for corporate consulting services.

On December 3, 2024, the Company issued 225,000 common
shares at $0.04 per share to Sierra Land Resources, LLC in connection with ongoing consulting on the Company’s oil and gas properties.

On June 24, 2025, the Company issued 500,000 common
shares at a 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.