Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 66

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 66
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    $32,698 
  
    Accrued liabilities – related party 
     438,750  
     276,750 
  
    Accrued interest payable – current portion 
     63,956  
     49,542 
  
    Note payable – current portion 
     131,135  
     155,135 
  
    Other liabilities 
     87,586  
     19,034 
  
    Total current liabilities 
     753,927  
     533,159 

    Stockholders’ Equity (Deficit): 

    Preferred Stock, $0.0001 par value, 50,000,000 shares authorized, 5,000,000 shares issued and outstanding at June 30, 2025 and 2024, respectively 
     500  
     500 
  
    Common stock, $0.0001 par value, 750,000,000 shares authorized, 117,899,921 and 114,424,921 issued and outstanding at June 30, 2025 and 2024, respectively 
     11,790  
     11,443 
  
    Additional paid-in capital 
     1,672,790  
     1,530,037 
  
    Accumulated deficit 
     (2,305,685) 
     (1,708,518)
  
    Total stockholders’ equity (deficit) 
     (620,605) 
     (166,538)

    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 
    $133,322  
    $366,621 

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

F-3 

OKMIN RESOURCES INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

    Year  
    Year 

    Ended  
    Ended 

    June 30, 2025  
    June 30, 2024 
  
    Revenue 

    Oil and gas sales 
    $22,180  
    $42,543 

    Cost of revenue 
     42,713  
     92,024 
  
    Gross profit (loss) 
     (20,533) 
     (49,481)

    Operating expenses: 

    General and administrative expense