Company: ALTX
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001096906-25-001261
Chunk: 0

Company: ALTEX INDUSTRIES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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 cash used in operating activities                                                    ( 78,000)                ( 68,000)  
  Cash flows from investing activities                                                                                         
  Proceeds from sale of assets                                                             -                          525,000  
  Net cash provided by investing activities                                                -                          525,000  
  Cash flows from financing activities                                                                                         
  Net cash from financing activities                                                       -                                -  
  Net increase (decrease) in cash and cash equivalents                                     ( 78,000)                  457,000  
  Cash and cash equivalents at beginning of period                                         2,656,000                2,232,000  
  Cash and cash equivalents at end of period                                               $ 2,578,000            $ 2,689,000  
  Noncash Investing and Financing Activities                                                                                   
  Recognition of right-of-use asset and operating lease liability                          $ 166,000                      $ -  

See notes to unaudited condensed consolidated financial statements

ALTEX INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

Note 1 - Basis of Presentation. The accompanying unaudited, consolidated, condensed financial statements have been prepared in accordance with U. S. GAAP for interim financial information, the instructions to Form 10-Q, and Article 10 of Regulation S-X. In the opinion of management, the accompanying unaudited, consolidated, condensed financial statements contain all adjustments necessary to present fairly the financial position of the Company as of June 30, 2025, and the cash flows and results of operations for the three and nine months then ended. Such adjustments consisted only of normal recurring items. The results of operations for the three and nine months ended June 30 are not necessarily indicative of the results for the full year. As of June 30, 2025, there were no potentially dilutive shares for the Company. With the exception of the basic and diluted per share amounts, all dollar amounts throughout the consolidated financial statements and footnotes have been rounded to the $1,000s. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. The accounting policies followed by the Company are set forth in Note 1 to the Company's consolidated financial statements contained in the Company's 2024 Annual Report on Form 10-K, and it is suggested that these condensed, consolidated financial statements be read in conjunction therewith.

“ SAFE HARBOR” STATEMENT UNDER THE

UNIT