Company: AGTX
Filing Date: 2025-02-18
Form Type: 10-Q
Source: 0001477932-25-001090
Chunk: 12

Company: Agentix Corp.
Filing Date: 2025-02-18
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 excluding equipment leased by the Company (collectively called the “Collateral”). Gray’s Peak interest is senior to the unsecured debt or lenders of the Company and the Company’s equity holders. Upon the occurrence of any Event of Default, as defined in the agreement, the principal sum, all accrued and unpaid interest owing thereon and all costs and expenses payable pursuant to this Note, shall, at the sole option of Gray’s Peak and with submission of written notice, become immediately due and payable. As of December 31, 2024 and March 31, 2024, the principal balance outstanding was $198,000 and $143,000, respectively. The notes were included in notes payable – related party on the accompanying condensed balance sheet of which $48,238 and $19,453 of interest was accrued and included in accrued expenses as of December 31, 2024 and March 31, 2024, respectively. Management During the nine months ended December 31, 2023, the Company incurred $103,350 of consulting fees from a consulting agreement with the Company’s then President and Board member. As of December 31, 2024 and March 31, 2024, $433,497, respectively, was included in accounts payable – related parties on the accompanying balance sheet.

Note 4 – Equity As of December 31, 2024 and March 31, 2024, the Company has authorized 50,000,000 shares of common stock at a par value of $0.001 per share and had issued and outstanding shares of common stock of 40,066,951.  Shares to be Issued The Company had previously granted 250,000 shares of its common stock for services previously provided. As of December 31, 2024 and March 31, 2024, these shares had not been issued and were included in common stock to be issued in the consolidated balance sheet. The Company had previously issued shares of its common stock in exchange for a one-year software subscription. As of December 31, 2024 and March 31, 2024, 107,102 shares granted had not been issued and were included in common stock to be issued in the consolidated balance sheet.

Note 5 – Subsequent Events On January 24, 2025, the Company received $24,000 under the June 15, 2023 Gray’s Peak Capital Note Payable (see Note 3). In