Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 68

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 68
---
  
     137,031  
     —    
     137,130 
  
    Net loss 
     —    
     —    
     —    
     —    
     —    
     (873,214) 
     (873,214)

    Balance June 30, 2024 
     5,000,000  
    $500  
     114,424,921  
    $11,443  
    $1,530,037  
    $(1,708,518) 
    $(166,538)

    Shares issued for services 
     —    
     —    
     3,475,000  
     347  
     142,753  
     —    
     143,100 
  
    Net loss 
     —    
     —    
     —    
     —    
     —    
     (597,167) 
     (597,167)

    Balance, June 30, 2025 
     5,000,000  
    $500  
     117,899,921  
    $11,790  
    $1,672,790  
     (2,305,685) 
     (620,605)

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

F-5 

OKMIN RESOURCES INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOW 

    Year  
    Year 

    Ended  
    Ended 

    June 30, 2025  
    June 30, 2024 
  
    Cash Flows From Operating Activities 

    Net loss 
    $(597,167) 
    $(873,214)
  
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 

    Depreciation 
     5,436  
     5,194 
  
    Issuance of common stock for services 
     143,100  
     137,130 
  
    Impairment of oil and gas properties 
     167,003  
     401,858 
  
    Changes in operating assets and liabilities 

    Accrued product sale (O&G) 
     66  
     (