$MMEX

MMEX Resources Corp

CIK:0001440799|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Condensed Consolidated Statements of Operations (Unaudited)
Revenue	$ 0	$ 0
Operating Expenses
General and administrative expenses	939,690	298,940
Refinery start-up costs	0	60,500
Depreciation and amortization	9,694	9,097
Total Operating Expenses	949,384	368,537
Loss From Operations	(949,384)	(368,537)
Other Income(Expense):
Interest expense	(66,847)	(67,602)
Gain (loss) on extinguishment of liabilities	161,937	0
Total Other Income (Expense)	95,090	(67,602)
Loss Before Income Taxes	(854,294)	(436,139)
Provision for Income Taxes	0	0
Net Loss	(854,294)	(436,139)
Non-controlling interest	62,584	0
Net Loss Attributable to the Common Shareholders	$ (791,710)	$ (436,139)
Net loss per common share - basic and diluted	$ (0.00)	$ (0.00)
Weighted average number of common shares outstanding - basic and diluted	22,295,726,723	11,475,488,377

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Cash Flows From Operating Activities:
Net loss	$ (854,294)	$ (436,139)
Adjustment to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense	9,694	9,097
(Gain) loss on extinguishment of debt	(161,937)	0
Amortization of debt discount	4,904	1,269
Stock-based compensation	0	60,500
(Increase) decrease in assets:
Prepaid expenses and other current assets	(615,371)	500
Increase (decrease) in liabilities:
Accounts payable	1,450	5,070
Accrued expenses	(27,850)	71,134
Accounts payable and accrued expenses - related parties	95,124	279,669
Net Cash Used in Operating Activities	(1,548,280)	(8,900)
Cash Flows From Investing Activities:
Purchase of property and equipment	(11,929)	0
Net Cash Used in Investing Activities	(11,929)	0
Cash Flows From Financing Activities:
Proceeds from notes payable	0	0
Repayments of notes payable	(61,140)	(3,610)
Repayments of convertible notes payable	(268,955)	0
Repayments of notes payable - related parties	(9,428)	7,990
Repayments of convertible notes payable - related parties	(457,608)	0
Proceeds from the sale of non-controlling interests	3,800,000	0
Net Cash Provided by Financing Activities	3,002,869	4,380
Net increase (decrease) in cash	1,442,660	(4,520)
Cash at the beginning of the period	212,343	4,579
Cash at the end of the period	1,655,003	59
Supplemental Disclosure:
Interest paid	56,968	0
Taxes paid	0	0
Non-Cash Investing and Financing Activities:
Cancellation of Series B Preferred Stock	$ 2	$ 0

Condensed Consolidated Balance Sheets - USD ($)	Jul. 31, 2026	Apr. 30, 2026
Current Assets
Cash	$ 1,655,003	$ 212,343
Prepaid expenses and other current assets	707,361	91,990
Total Current Assets	2,362,364	304,333
Property and equipment, net	970,856	968,621
Total Assets	3,333,220	1,272,954
Current Liabilities
Accounts payable	944,323	942,873
Accrued expenses	1,615,961	1,791,785
Accounts payable and accrued expenses - related parties	1,625,519	1,530,395
Notes payable net of discount of $2,010 and $3,501, respectively	41,779	100,391
Notes payable, currently in default	1,154,453	1,154,453
Convertible notes payable - related parties, net of debt discount of $0, respectively	179,570	0
Convertible notes payable, currently in default, net of discount of $0, respectively	370,000	653,955
Total Current Liabilities	5,752,035	6,173,852
Long-term Liabilities
Convertible notes payable - related parties, net of debt discount of $21,733 and $24,251, respectively	1,003,721	1,638,380
Notes payable - related parties, net of debt discount of $0 and $894, respectively	0	8,534
Convertible notes payable	59,951	59,951
Total Liabilities	6,995,277	7,880,717
Commitments and Contingencies	0	0
Stockholders' Deficit:
Common stock, $0.001 par value; 50,000,000,000 shares authorized, 22,295,726,723 and 22,295,726,723 shares issued and outstanding, respectively	22,295,726	22,295,726
Additional paid in capital	59,948,128	56,220,787
Non-controlling interest	15,467	5,390
Accumulated deficit	(85,921,379)	(85,129,669)
Total Stockholders' Deficit	(3,662,057)	(6,607,763)
Total Liabilities and Stockholders' Deficit	3,333,220	1,272,954
Series B Preferred Stock [Member]
Stockholders' Deficit:
Preferred stock, value	0	2
Series A Preferred Stock [Member]
Stockholders' Deficit:
Preferred stock, value	$ 1	$ 1