$OKMN

OKMIN RESOURCES, INC.

CIK:0001848334|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2026	Mar. 31, 2025
Revenue
Total revenues	$ 3,917	$ 6,159	$ 8,819	$ 17,461
Cost of revenue	(10,777)	(9,758)	(25,799)	(30,538)
Gross loss	(6,860)	(3,599)	(16,980)	(13,077)
Operating expenses:
General and administrative expense	109,863	59,037	258,390	311,294
Depreciation, depletion and amortization	636	1,359	1,979	4,077
Allowance for doubtful accounts	0	0	25,000	0
Impairment	0	0	24,765	15,761
Total operating expenses	110,499	60,396	310,134	331,132
Loss from operations	(117,359)	(63,995)	(327,114)	(344,209)
Other Income (expense)
Interest income	0	265	38	1,160
Interest expense	(4,963)	(3,528)	(14,657)	(11,035)
Litigation settlement	10,066	0	10,066	0
Bad debt recovery	5,796	0	5,796	0
Other income	16	17	16,834	299
Total other income (expense)	10,915	(3,246)	18,077	(9,576)
Loss before taxes	(106,444)	(67,241)	(309,037)	(353,785)
Provision for income taxes	0	0	0	0
Total net loss	$ (106,444)	$ (67,241)	$ (309,037)	$ (353,785)
Net loss per share
Net loss per share, Basic	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Net loss per share, diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average number of shares outstanding
Basic	126,064,843	117,399,921	123,451,343	115,927,749
Oil and Gas [Member]
Revenue
Total revenues	$ 3,917	$ 6,159	$ 8,819	$ 17,461

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash Flows from Operating Activities
Net loss	$ (309,037)	$ (353,785)
Adjustments to reconcile net loss to net cash from (used in) operations
Depreciation and amortization	1,979	4,077
Impairment of oil and gas properties	24,765	15,761
Allowance of doubtful accounts	25,000	0
Gain on forgiveness of accounts payable	(16,761)	0
Issuance of common stock for services	64,934	119,000
Changes in assets and liabilities
Accrued oil and gas sales	(921)	80
Accounts receivable	(10,066)	0
Accounts payable and accrued liabilities	142,879	190,237
Accrued interest payable	0	11,035
Other liabilities	(23,927)	0
Net cash used in operating activities	(101,155)	(13,595)
Cash Flows from Investing Activities
Investment in oil and gas properties	0	0
Net cash from investing activities	0	0
Cash Flows from Financing Activities
(Repayment of) note payable	0	(18,000)
Private placement of common stock	84,000	0
Bridge loan	30,000	0
Net cash from (used in) financing activities	114,000	(18,000)
Net change in cash	12,845	(31,595)
Cash - beginning of period	11,488	72,281
Cash - end of period	24,333	40,686
Non-cash Transactions
Common stock issued for note repayment	131,135	0
Common stock issued for accrued interest payable	63,956	0
Common stock issued for services	$ 64,934	$ 119,000

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 24,333	$ 11,488
Other receivable, net	10,066	0
Other current assets	958	37
Total current assets	35,357	11,525
Non-current assets
Oil and gas properties, net	70,053	53,713
Black Rock Joint Venture	0	68,084
Total non-current assets	70,053	121,797
TOTAL ASSETS	105,410	133,322
Current liabilities:
Accounts payable	37,118	32,500
Accrued liabilities – related party	560,250	438,750
Accrued interest payable – current portion	0	63,956
Note payable – current portion	0	131,135
Bridge loan payable – related party	30,000	0
Other liabilities	63,659	87,586
Total current liabilities	691,027	753,927
Stockholders’ Equity (Deficit):
Preferred Stock, $0.0001 par value, 50,000,000 shares authorized, 5,000,000 shares issued and outstanding at March 31, 2026 and June 30, 2025, respectively	500	500
Common stock, $0.0001 par value, 750,000,000 shares authorized, 128,489,287 and 117,899,921 issued and outstanding at March 31, 2026 and June 30, 2025, respectively	12,849	11,790
Additional paid-in capital	2,015,756	1,672,790
Accumulated deficit	(2,614,722)	(2,305,685)
Total stockholders’ equity (deficit)	(585,617)	(620,605)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$ 105,410	$ 133,322