OKMIN RESOURCES, INC. (OKMN) Form 10-K — Oct 13, 2026
Okmin Resources filed its fiscal 2026 annual report with a going-concern qualification, a net loss of $367,299, and a working capital deficit of approximately $708,433 against just $22,178 in cash. Revenue fell to $8,859 from $22,180, and the auditor flagged substantial doubt about the company's ability to continue as a going concern. Management disclosed material weaknesses in internal controls, including no written control documentation, no segregation of duties, no audit committee, and disclosure controls ineffective since roughly June 2021.
Key figures
- Revenue
- 8859
- Total Assets
- 87897
- Cash Position
- 22178
- Shares Outstanding
- 128511487
- G And A fy2026
- 306140
- Revenue fy2025
- 22180
- Cash needs fy2027
- 230000
- Accumulated deficit
- 2672984
- Share price june30 2026
- 0.07
- Working capital deficit
- 708433
- Impairment charge fy2025
- 167003
- Impairment charge fy2026
- 29030
- Nonaffiliate market value
- 3448048
AI analysis
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