Company: AGTX
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001477932-25-008502
Chunk: 15

Company: Agentix Corp.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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2025, interest expense, net was $24,159 as compared to $9,844 for the three months ended September 30, 2024. The increase of $14,315 related to higher average borrowings and related financing costs during the period.

For the three months ended September 30, 2025, other income was $0 (no comparable amount in the prior-year quarter).

As a result, net loss for the three months ended September 30, 2025 was $144,107, as compared to a net loss of $90,669 for the three months ended September 30, 2024. Other comprehensive loss for the three months ended September 30, 2025 included an unfavorable foreign currency translation adjustment of $2,165 (compared to an unfavorable $20,105 in the prior-year period), resulting in total comprehensive loss of $146,272 versus $110,774 in the prior-year period.

Six Months Ended September 30, 2025 as compared to Six Months Ended September 30, 2024:

We recorded no revenues during the six months ended September 30, 2025 and 2024.

For the six months ended September 30, 2025, professional fees were $163,858 as compared to $141,310 for the six months ended September 30, 2024, an increase of $22,548. The increase in professional fees was mainly due to higher accounting, legal and consulting support.

For the six months ended September 30, 2025, research and development expenses were $125,079 as compared to $67,351 for the same period in 2024, an increase of $57,728, primarily related to increased R&D consulting and project activity.

For the six months ended September 30, 2025, general and administrative expenses were $34,502 as compared to $35,654 for the six months ended September 30, 2024, a decrease of $1,152, reflecting cost controls and lower software and overhead expenses.

For the six months ended September 30, 2025, foreign exchange gain was $18,289 compared to a gain of $20,408 for the six months ended September 30, 2024, a $2,119 less favorable variance due primarily to currency fluctuations.

For the six months ended September 30, 2025, interest expense, net was $45,385 as compared to $17,479 for the six months ended September