Company: OKMN
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001553350-25-000149
Chunk: 1

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-11-25
Form: 10-Q
Item: Item 1
Chunk 1
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1,672,790 
  
    Accumulated deficit 
     (2,379,115) 
     (2,305,685)
  
    Total stockholders’ equity (deficit) 
     (458,559) 
     (620,605)

    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 
    $134,878  
    $133,322 

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

1 

OKMIN RESOURCES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

     Three Months Ended September 30, 2025 
     Three Months Ended September 30,  2024
  
    Revenue 

    Oil and gas sales 
    $2,088  
    $5,991 

    Cost of revenue 
     (6,968) 
     (9,717)
  
    Gross profit (loss) 
     (4,880) 
     (3,726)

    Operating expenses: 

    General and administrative expense 
     79,588  
     59,379 
  
    Depreciation, depletion and amortization 
     707  
     1,359 
  
    Total operating expenses 
     80,295  
     60,738 

    (Loss) from operations 
     (85,175) 
     (64,464)

    Other (expense) 

    Interest income 
     34  
     — 
  
    Interest expense 
     (5,070) 
     (3,828)
  
    Gain on forgiveness of accounts payable 
     16,761  
     507 
  
    Other income 
     19  
     — 
  
    Total other income (expense) 
     11,744  
     (3,321)

    (Loss) before taxes 
     (73,430) 
     (67,785)

    Provision for income taxes 
     —  
     — 

    Net loss 
    $(73,430) 
    $(67,785)

    Net income (loss) per share 

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