Company: OKMN
Filing Date: 2025-02-20
Form Type: 10-Q
Source: 0001079973-25-000298
Chunk: 2

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-02-20
Form: 10-Q
Item: Item 1
Chunk 2
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,069)

    Other Income (expense) 

    Interest income 
     388  
     950  
     895  
     4,851 
  
    Interest expense 
     (3,678) 
     (4,191) 
     (7,507) 
     (8,469)
  
    Other income 
     282  
     —  
     282  
     — 
  
    Total other income (expense) 
     (3,008) 
     (3,241) 
     (6,330) 
     (3,618)

    (Loss) income before taxes 
     (202,826) 
     (91,852) 
     (270,782) 
     (203,687)

    Provision for income taxes 
     —  
     —  
     —  
     — 

    Total net (loss) 
    $(218,757) 
    $(91,852) 
    $(286,543) 
    $(203,687)

    Net (loss) per share 

    Basic 
    $(0.00) 
    $(0.00) 
    $(0.00) 
    $(0.00)

    Weighted average number of shares outstanding 

    Basic 
     115,990,410  
     114,009,437  
     115,211,943  
     113,884,440 

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

2 

OKMIN RESOURCES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES
IN STOCKHOLDERS' DEFICIT

For the Three Months Ended December 31, 2024 and
2023

(Unaudited) 

    Preferred Stock  
    Common Stock  
    Additional
    Paid-In  
    Accumulated  
    Stockholders’ Equity/ 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    (Deficit) 

    Balance June 30, 2023 
     5,000,000  
    $500  
     113,432,500  
    $11,344  
    $1,393,006  
    $(835