Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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 continued operating losses and liquidity pressure for the quarter and nine months ended March 31, 2026. Oil and gas sales were modest, at $3,917 for the quarter and $8,819 for the nine months, down from the prior-year periods as the Blackrock oil joint venture was sold. Natural gas revenue from the Pushmataha joint venture increased as pipeline issues were addressed and Okmin’s interest rose.
The company posted a net loss of $106,444 for the quarter and $309,037 for the nine months, and recorded a $24,765 impairment on oil and gas properties. At March 31, 2026, Okmin had total assets of $105,410, including cash of $24,333 and oil and gas properties of $70,053, against current liabilities of $691,027, resulting in stockholders’ deficit of $585,617 and an accumulated deficit of $2,614,722. Management highlights a working capital deficit of $655,670 and formally raises substantial doubt about the company’s ability to continue as a going concern.
Okmin funded operations primarily through equity and insider support, raising $84,000 via private placements and receiving a $30,000 interest-free bridge loan from its CEO. A prior $231,000 convertible note was fully settled in shares. The company also benefited from a $10,066 litigation settlement and a $5,796 bad-debt recovery. A planned merger with BevPoint Capital that would have shifted the business toward hospitality did not close and was terminated when conditions were not met. Okmin remains focused on Oklahoma and Kansas oil and gas assets, including a 95% joint-venture interest in the Pushmataha gas field and a 10% overriding royalty interest in West Sheppard Pool, but currently has no proven reserves and very limited production. Management discloses ongoing material weaknesses in internal control over financial reporting, including lack of segregation of duties, absence of an audit committee, and insufficient U.S. GAAP expertise.
Okmin Resources Inc. reported a net loss of $202,593 for the six months ended December 31, 2025 on very modest oil and gas revenue of $4,902, down sharply from the prior year. Cash fell to $705 and the company had a working capital deficit of $655,884 and an accumulated deficit of $2,508,278, prompting a going concern warning.
Okmin recorded a $24,765 impairment on its oil and gas properties and exited the Blackrock joint venture for $25,000 cash plus a higher interest in the Pushmataha gas field. It converted all principal and interest on a $231,000 convertible note into 6,503,024 common shares and raised $30,000 via a small private placement.
On January 29, 2026, Okmin signed a merger agreement with BevPoint Capital LP, agreeing to issue 220,000,000 common shares for all BevPoint equity, giving BevPoint holders about 55.6% of post-closing shares (excluding earnouts and certain notes). Additional earnouts of up to 300,000,000 shares are tied to consolidated revenue and EBITDA milestones, and BevPoint must contribute $730,000 in cash before closing. Following closing, Okmin plans to rebrand as BevPoint, Inc., shift its focus toward craft beverage and experiential hospitality assets, and install BevPoint’s leadership team while its current CEO becomes non-executive chairman.
Okmin Resources (OKMN) reported another small-scale operating loss for the quarter ended September 30, 2025. Oil and gas revenue was just $2,088, down from $5,991 a year earlier, mainly due to lower energy prices and curtailed production. The company posted a net loss of $73,430 versus $67,785 in the prior-year quarter.
Okmin ended the quarter with $13,623 in cash, total assets of $134,878, liabilities of $593,437 and a stockholders’ deficit of $458,559. Management discloses a working capital deficit of about $554,814, an accumulated deficit of $2,379,115 and states that these conditions raise doubt about its ability to continue as a going concern. For fiscal 2026, it estimates cash needs of roughly $270,000 for overhead and lease operations, to be funded largely through additional debt or equity.
Strategically, Okmin exited its Blackrock joint venture for $25,000 cash and raised its interest in the Pushmataha gas field to 95%. It also converted a secured convertible note—$131,135 principal and $63,956 interest—into 6,503,024 shares at $0.03 per share and completed a $30,000 private placement. The company reports no proven reserves and continues to cite material weaknesses in internal controls and ineffective disclosure controls.