OKMIN RESOURCES, INC. (OKMN)
Okmin Resources, Inc. is dedicated to identifying, acquiring, and developing sites containing petroleum and natural gas, as well as various other mineral and natural resource assets. Its operational endeavors are concentrated in the states of Oklahoma and Kansas. The company currently possesses stakes in roughly 7,459 total acres and operates 82 oil and natural gas wells. Established in 2020, the firm's primary office is situated in Encino, California.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
Okmin Resources, Inc.
OTC:OKMNEnergy · Oil & Gas Integrated
Mkt Cap$4.24M
Float-
O/S128.51M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$9K
Net Income-$367K
Total Assets$88K
Free Cash Flow-$86K
Debt & Equity
Total Debt$0
Total Equity-$643K
Preferred Stock$500
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in OKMN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$88K
Liabilities$731K
Accounts Receivable$0
Accounts Payable$39K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Revenue | $9K | $22K | $43K | $114K | $92K |
| YoY Growth | -60.1% | -47.9% | -62.7% | 24.2% | - |
| Cost of Revenue | $35K | $43K | $92K | $261K | $90K |
| Gross Profit | -$26K | -$21K | -$49K | -$147K | $2K |
| Gross Margin | -290.8% | -92.6% | -116.3% | -128.5% | 2.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $306K | $389K | $406K | $381K | $236K |
| Other | $9K | $172K | $407K | $4K | $0 |
| Total Operating Expenses | $315K | $561K | $813K | $385K | $236K |
| Operating Income (EBIT) | -$376K | -$582K | -$863K | -$531K | -$234K |
| Operating Margin | -4240.4% | -2622.0% | -2027.8% | -465.7% | -255.2% |
| Interest Expense | -$19K | $17K | $17K | $20K | $0 |
| Interest Income | $59 | $1K | $6K | $2K | $0 |
| Other Income (Expense) | $8K | -$16K | -$11K | $2K | $0 |
| Income Before Tax (EBT) | -$367K | -$597K | -$873K | -$529K | -$234K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$367K | -$597K | -$873K | -$529K | -$234K |
| Net Income Margin | -4146.1% | -2692.4% | -2052.5% | -463.6% | -255.2% |
| Supplementary Data | |||||
| EPS | -0.00 | -0.01 | -0.01 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.01 | -0.01 | -0.00 | -0.00 |
| Weighted Average OS | 124.71M | 116.29M | 113.99M | 166.69M | 100.43M |
| EBITDA | -$374K | -$574K | -$851K | -$506K | $2K |
| EBITDA Margin | -4216.5% | -2590.0% | -2001.2% | -443.1% | 2.4% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $22K | $11K | $72K | $214K | $214K | $276K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $22K | $11K | $72K | $214K | $214K | $276K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $29K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $65 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $22K | $11K | $72K | $214K | $244K | $301K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $0 | $54K | $140K | $544K | $529K | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $68K | $155K | $157K | $127K | $100K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $66K | $54K | $103 | $0 | $96 | $96 |
| Total Long-Term Assets | $66K | $122K | $294K | $701K | $656K | $100K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $88K | $133K | $367K | $916K | $900K | $401K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $39K | $33K | $33K | $0 | $1K | $8K |
| Short-Term Debt | $0 | $131K | $155K | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $731K | $590K | $19K | $0 | $0 | $0 |
| Total Current Liabilities | $731K | $754K | $533K | $142K | $55K | $13K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $0 | $0 | $0 | $171K | $219K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $33K | $13K | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $204K | $233K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $731K | $754K | $533K | $346K | $288K | $13K |
| Stockholders' Equity | ||||||
| Preferred Stock | $500 | $500 | $500 | $500 | $500 | $0 |
| Common Stock | $13K | $12K | $11K | $11K | $10K | $8K |
| Retained Earnings | -$2.67M | -$2.31M | -$1.71M | -$835K | -$306K | -$72K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $2.02M | $1.67M | $1.53M | $1.39M | $908K | $451K |
| Total Equity | -$643K | -$621K | -$167K | $570K | $612K | $388K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $88K | $133K | $367K | $916K | $900K | $401K |
| Supplementary Data | ||||||
| Total Debt | $0 | $131K | $155K | $171K | $219K | $0 |
| Net Debt | -$22K | $120K | $83K | -$43K | $5K | -$276K |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Operating Activities | |||||
| Net Income | -$367K | -$597K | -$873K | -$529K | -$234K |
| Depreciation & Amortization | $2K | $5K | $5K | $4K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | $0 | $0 | $0 | $0 | -$29K |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$17K | $230K | $186K | $87K | $56K |
| Other Working Capital | $0 | $14K | $17K | $49K | $25K |
| Total Working Capital Change | $0 | $245K | $203K | $102K | $51K |
| Other Non-Cash Items | $279K | $310K | $539K | $115K | $0 |
| Net Cash from Operating | -$86K | -$37K | -$126K | -$308K | -$183K |
| Investing Activities | |||||
| Capital Expenditures | $0 | $0 | $0 | -$45K | -$531K |
| Acquisitions | $0 | $0 | $0 | $0 | -$27K |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $27K |
| Net Cash from Investing | $0 | $0 | $0 | -$45K | -$556K |
| Financing Activities | |||||
| Debt Repaid | - | - | $16K | $48K | -$219K |
| Common Stock Issuance | $66K | $143K | $0 | $402K | $458K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $97K | $0 | -$153K | $85K | -$5K |
| Net Cash from Financing | $97K | -$24K | -$16K | $438K | $678K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $11K | -$61K | -$142K | $9 | -$61K |
| Supplementary Data | |||||
| Operating Cash Flow | -$86K | -$37K | -$126K | -$393K | -$183K |
| Capital Expenditure | $0 | $0 | $0 | -$45K | -$531K |
| Free Cash Flow | -$86K | -$37K | -$126K | -$438K | -$714K |
| Cash at Beginning | $11K | $72K | $214K | $214K | $276K |
| Cash at End | $22K | $11K | $72K | $214K | $214K |