Company: OKMN
Filing Date: 2025-02-20
Form Type: 10-Q
Source: 0001079973-25-000298
Chunk: 1

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-02-20
Form: 10-Q
Item: Item 1
Chunk 1
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, respectively 
     11,740  
     11,443 
  
    Additional paid-in capital 
     1,648,740  
     1,530,037 
  
    Accumulated deficit 
     (1,995,061) 
     (1,708,518)
  
    Total stockholder’s equity (deficit) 
     (334,081) 
     (166,538)

    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 
    $333,563  
    $366,621 

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

1 

OKMIN RESOURCES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited) 

    Three Months Ended December 31, 2024  
    Three Months Ended December 31, 2023  
    Six Months Ended December 31, 2024  
    Six Months Ended December 31, 2023 
  
    Revenue 

    Oil and gas sales 
    $5,312  
    $22,789  
    $11,303  
    $45,465 

    Cost of revenue 
     (11,062) 
     (23,402) 
     (20,779) 
     (55,649)
  
    Gross profit (loss) 
     (5,750) 
     (613) 
     (9,476) 
     (10,184)

    Operating expenses: 

    General and administrative expense 
     192,879  
     86,760  
     252,258  
     187,409 
  
    Depreciation, depletion and amortization 
     1,359  
     1,238  
     2,718  
     2,476 
  
    Impairment 
     15,761  
     —  
     15,761  
     — 
  
    Total operating expenses 
     209,999  
     87,998  
     270,737  
     189,885 

    (Loss) income from operations 
     (199,818) 
     (88,611) 
     (264,452) 
     (200