Company: OKMN
Filing Date: 2025-02-20
Form Type: 10-Q
Source: 0001079973-25-000298
Chunk: 14

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-02-20
Form: 10-Q
Item: Item 1
Chunk 14
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 Series A Preferred Stock. Jonathan
Herzog, the Company’s President and Chief Executive Officer owns all of the Series A Preferred Stock.  At any shareholders
meeting or in connection with the giving of shareholder consents, the holder of each share of Series A Preferred Stock is entitled to
voting rights of ten votes per share, though is not entitled to receive dividends. Accordingly, by reason of his ownership of Series A
Preferred Stock, Mr. Herzog exercises control of approximately 48% of the aggregate voting power in the Company. The Series A Preferred
Stock upon liquidation, winding-up or dissolution of the Corporation, ranks on a parity, in all respects, with all the Common Stock.

Common stock

The Company is authorized to issue 750,000,000 shares
of common stock with a par value of $0.0001 per share.

As of December 31, 2024, the Company had 117,399,921
shares of its common stock issued and outstanding.

8.   INCOME (LOSS) PER COMMON SHARE

A reconciliation of the components of basic and diluted
net loss per common share for the three months and six months ended December 31, 2024 is presented below:

    Schedule of components of
net loss per common share 

    Three Months Ended December 31, 2024 

    Net Loss  
    Weighted Average Shares  
    Per Share 

    Basic Earnings per Share: 

    Net loss attributable to common stock basic 
    $(218,757) 
     115,990,410  
    $(0.00)
  
    Net loss attributable to common stock fully diluted 
    $(218,757) 
     172,699,117  
    $(0.00)

    Six Months Ended December 31, 2024 

    Net Loss  
    Weighted Average Shares  
    Per Share 

    Basic Earnings per Share: 

    Net loss attributable to common stock basic 
    $(286,543) 
     115,211,943  
    $(0.00)
  
    Net loss attributable to common stock fully diluted 
    $(286,543) 
     171,957,129  
    $(0.00)

The numerator for basic earnings per share is net
income attributable to common stockholders. The numerator for diluted earnings per share is net income available to common stockholders.

    9 
    OKMIN