OKMIN RESOURCES, INC. (OKMN) Form 10-Q — May 15, 2026
Okmin Resources reported a net loss of $309,037 for the nine months ended March 31, 2026, driven by minimal oil and gas revenue of $8,819 and significant general and administrative expenses. The company holds only $24,333 in cash against total liabilities of $691,027, resulting in a working capital deficit of $655,670. The filing includes a going concern warning, stating that additional financing is required to meet budgeted expenditures for the remainder of fiscal 2026. Management intends to raise funds through debt or private sales of securities, but offers no assurance that such financing will be available on acceptable terms.
Key figures
- Eps
- 0
- Revenue
- 8819
- Total Debt
- 30000
- Total Assets
- 105410
- Cash Position
- 24333
- Shares Outstanding
- 128489287
- Impaired Assets
- 24765
- Bridge Loan Amount
- 30000
- Litigation Settlement
- 10066
- Private Placement Proceeds
- 84000
Price after filing
Close on the filing date to close N calendar days later (from $0.07). Historical, not a forecast.
AI analysis
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