Here are the 10-K annual reports from Okmin Resources Inc (OKMN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow OKMN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OKMN filings page.
Okmin Resources, Inc. reported oil and gas sales of $8,859 for the year ended June 30, 2026, versus $22,180 in fiscal 2025, and a net loss of $367,299, compared with $597,167. Operating activities used $86,168 of cash; cash and equivalents were $22,178 at June 30, 2026. The company has no proven oil and gas reserves.
During fiscal 2026, Okmin disposed of its entire Blackrock JV interest for $25,000 and an additional 45% interest in Pushmataha, increasing its Pushmataha interest from 50% to 95%. For fiscal 2027, it anticipates minimum cash needs of $230,000 for overhead and existing leases, excluding further well work; management plans to raise capital through equity securities, which may include capital stock or convertible debt.
At June 30, 2026, Okmin had a $708,433 working capital deficit and a $2,672,984 accumulated deficit; its auditor said these factors raise substantial doubt about its ability to continue as a going concern. Disclosure controls were not effective, and four material weaknesses remained, including no written control procedures, insufficient accounting-duty segregation, no separate audit committee, and insufficient closing-process review and U.S. GAAP expertise.
Okmin Resources, Inc. (OKMN) is a small oil and gas exploration company reporting limited 2025 operations and significant liquidity and governance concerns. For the year ended June 30, 2025 the Company recorded oil and gas revenues of $22,180 with cost of revenues of $42,713, recorded impairment charges of $167,003, and reported an accumulated deficit of $2,305,685. Management states these factors raise substantial doubt about its ability to continue as a going concern and forecasts roughly $270,000 cash needs for fiscal 2026 excluding new work on wells.
The Company holds material working interests including a 72.5% net revenue interest in the Vitt lease (Kansas), a 10% overriding royalty in West Sheppard (Oklahoma), and now a 95% joint venture interest in Pushmataha (Oklahoma) following a subsequent exchange. As of September 26, 2025 there were 125,576,035 common shares outstanding and 5,000,000 Series A preferred shares; the CEO, Jonathan Herzog, owns all Series A preferred stock and thereby controls approximately 46% of voting power.
The filing discloses weak internal controls including inadequate segregation of duties and no audit committee, related-party liabilities, a secured convertible loan with principal of $131,135 and unpaid interest of $63,956, and recent private financings and conversions (including a September 2025 private placement of 1,000,000 shares for $30,000 and conversion issuance of 6,503,024 shares to settle debt).