Company: OKMN
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001553350-25-000149
Chunk: 0

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-11-25
Form: 10-Q
Item: Item 1
Chunk 0
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OKMIN RESOURCES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

    September 30, 
    June 30

    2025 
    2025

    ASSETS 

    Current assets: 

    Cash and cash equivalents 
    $13,623  
    $11,488 
  
    Total current assets 
     13,623  
     11,488 

    Oil and gas properties, net 
     96,090  
     53,713 
  
    Black Rock Joint Venture 
     —  
     68,084 
  
    Other receivables 
     25,000  
     — 
  
    Other assets and restricted cash 
     165  
     37 
  
    Total noncurrent assets 
     121,255  
     121,834 

    TOTAL ASSETS 
    $134,878  
    $133,322 

    LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 

    Current liabilities: 

    Accounts payable 
    $38,630  
    $32,500 
  
    Accrued liabilities – related party 
     479,250  
     438,750 
  
    Accrued interest payable – current portion 
     —  
     63,956 
  
    Note payable – current portion 
     —  
     131,135 
  
    Other liabilities 
     75,557  
     87,586 
  
    Total current liabilities 
     593,437  
     753,927 

    Stockholders’ Equity (Deficit): 

    Preferred Stock, $0.0001 par value, 50,000,000 shares authorized, 5,000,000 shares issued and outstanding at September 30, 2025 and June 30, 2025, respectively 
     500  
     500 
  
    Common stock, $0.0001 par value, 750,000,000 shares authorized, 125,576,035 and 117,899,921 issued and outstanding at September 30, 2025 and June 30, 2025, respectively 
     12,558  
     11,790 
  
    Additional paid-in capital 
     1,907,498