Company: AGTX
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001477932-25-008502
Chunk: 16

Company: Agentix Corp.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 30, 2024, an increase of $27,906, related to higher average debt balances and related financing costs.

For the six months ended September 30, 2025, other income was $20,604, consisting primarily of a gain recognized on the settlement of accounts payable (no comparable amount in the prior-year period).

As a result, net loss for the six months ended September 30, 2025 was $329,931, as compared to a net loss of $241,386 for the six months ended September 30, 2024. Other comprehensive loss for the six months ended September 30, 2025 included a favorable foreign currency translation adjustment of $16,142 (compared to an unfavorable $35,168 in the prior-year period), resulting in total comprehensive loss of $313,789 versus $276,554 in the prior-year period.

 4Table of Contents

Liquidity and Capital Resources

Our unaudited consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in our unaudited consolidated financial statements for the six months ended September 30, 2025, we had an accumulated deficit, we had a net loss along with negative cash generated from our operations and we have a negative working capital. In addition, we owe our vendors and related parties $3,423,639 as of September 30, 2025. Although, on January 15, 2023 and June 15, 2023, we entered into two separate Mezzanine Secured Note (“Notes”) in the principal amount up to $200,000 and $500,000, respectively, with Gray’s Peak Private Credit LLC (see Note 3 to the unaudited consolidated financial statements), the debt maturity of these Notes is short term. These factors raise substantial doubt about our ability to continue as a going concern.

We are attempting to commence operations and generate sufficient revenue; however, our cash position is not sufficient to support our daily operations. As such, we will need to raise funds to complete our plan of operation and fund our ongoing operational expenses for the next 12 months. Additional funding will likely come from equity financing from the sale of our common stock or debt financing. If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our Company and if we obtain debt financing,