2023 Q3 Form 10-K Financial Statement

#000147793223005360 Filed on July 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $324.0K $300.8K $1.680M
YoY Change -59.69% -0.5% 29.87%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.100K $9.090K $36.39K
YoY Change 0.0% 0.66% 1.43%
% of Gross Profit
Operating Expenses $333.1K $307.9K $1.811M
YoY Change -59.24% -45.64% -38.91%
Operating Profit -$333.1K -$1.811M
YoY Change -59.24% -38.91%
Interest Expense $99.14K -$41.70K -$234.9K
YoY Change -257.64% -79.75% -109.42%
% of Operating Profit
Other Income/Expense, Net -$852.4K -$168.5K
YoY Change 1739.21% -106.16%
Pretax Income -$1.186M -$299.7K -$1.979M
YoY Change 37.27% -60.69% 765.42%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.186M -$308.7K -$4.523M
YoY Change 37.27% -59.51% 1877.39%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 -$0.05
COMMON SHARES
Basic Shares Outstanding 4.541B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $250.00 $10.36K $10.36K
YoY Change -96.97% -92.43% -92.43%
Cash & Equivalents $250.00 $10.36K
Short-Term Investments
Other Short-Term Assets $3.000K $24.00K $24.00K
YoY Change -89.94% -49.29% -49.29%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.250K $34.36K $34.36K
YoY Change -91.47% -81.35% -81.35%
LONG-TERM ASSETS
Property, Plant & Equipment $1.069M $1.078M $1.078M
YoY Change -3.29% -3.27% -3.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00
YoY Change
Total Long-Term Assets $1.069M $1.078M $1.078M
YoY Change -3.29% -3.27% -3.27%
TOTAL ASSETS
Total Short-Term Assets $3.250K $34.36K $34.36K
Total Long-Term Assets $1.069M $1.078M $1.078M
Total Assets $1.072M $1.112M $1.112M
YoY Change -6.23% -14.34% -14.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $754.4K $1.200M $1.200M
YoY Change 13.8% 87.5% 87.5%
Accrued Expenses $1.049M $985.8K $985.8K
YoY Change 21.4% 15.8% 15.8%
Deferred Revenue
YoY Change
Short-Term Debt $1.790M $1.792M $1.792M
YoY Change 17.44% 20.56% 20.56%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.025M $3.977M $3.977M
YoY Change 27.45% 30.22% 30.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.025M $3.977M $3.977M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $4.025M $3.987M $3.987M
YoY Change 27.45% 30.55% 30.13%
SHAREHOLDERS EQUITY
Retained Earnings -$73.91M -$72.73M
YoY Change 3.21% 6.62%
Common Stock $4.881M $769.6K
YoY Change 19897.37% 3529.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.953M -$2.875M -$2.875M
YoY Change
Total Liabilities & Shareholders Equity $1.072M $1.112M $1.112M
YoY Change -6.23% -14.34% -14.34%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023
OPERATING ACTIVITIES
Net Income -$1.186M -$308.7K -$4.523M
YoY Change 37.27% -59.51% 1877.39%
Depreciation, Depletion And Amortization $9.100K $9.090K $36.39K
YoY Change 0.0% 0.66% 1.43%
Cash From Operating Activities -$75.51K -$62.15K -$682.0K
YoY Change -67.68% -86.37% -79.96%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $41.21K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $65.40K 65.00K 555.5K
YoY Change -37.71% -45.62% -85.71%
NET CHANGE
Cash From Operating Activities -$75.51K -62.15K -682.0K
Cash From Investing Activities $0.00 0.000 0.000
Cash From Financing Activities $65.40K 65.00K 555.5K
Net Change In Cash -$10.11K 2.850K -126.5K
YoY Change -92.14% -100.38% -34.65%
FREE CASH FLOW
Cash From Operating Activities -$75.51K -$62.15K -$682.0K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$75.51K -$62.15K -$682.0K
YoY Change -67.68% 84.48% -83.29%

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CY2023 us-gaap Interest Paid Net
InterestPaidNet
3310 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
164135 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023 mmex Common Stock Issued In Conversion Of Debt
CommonStockIssuedInConversionOfDebt
376067 usd
CY2022 mmex Common Stock Issued In Conversion Of Debt
CommonStockIssuedInConversionOfDebt
154438 usd
CY2023 mmex Common Stock Issued In Conversion Of Related Party Debt
CommonStockIssuedInConversionOfRelatedPartyDebt
0 usd
CY2022 mmex Common Stock Issued In Conversion Of Related Party Debt
CommonStockIssuedInConversionOfRelatedPartyDebt
74989 usd
CY2023 mmex Common Stock Issued For Accrued Expenses
CommonStockIssuedForAccruedExpenses
0 usd
CY2022 mmex Common Stock Issued For Accrued Expenses
CommonStockIssuedForAccruedExpenses
15000 usd
CY2023 mmex Common Stock Issued For Accrued Expenses Related Parties
CommonStockIssuedForAccruedExpensesRelatedParties
1006 usd
CY2022 mmex Common Stock Issued For Accrued Expenses Related Parties
CommonStockIssuedForAccruedExpensesRelatedParties
40000 usd
CY2023 mmex Preferred Stock Converted Into Common Stock
PreferredStockConvertedIntoCommonStock
528020 usd
CY2022 mmex Preferred Stock Converted Into Common Stock
PreferredStockConvertedIntoCommonStock
0 usd
CY2023 mmex Deemed Dividend
DeemedDividend
2534402 usd
CY2022 mmex Deemed Dividend
DeemedDividend
0 usd
CY2023 mmex Non Cash Exercises Of Warrants
NonCashExercisesOfWarrants
14343 usd
CY2022 mmex Non Cash Exercises Of Warrants
NonCashExercisesOfWarrants
0 usd
CY2023 mmex Warrants Exercises For An Accrued Liability
WarrantsExercisesForAnAccruedLiability
184 usd
CY2022 mmex Warrants Exercises For An Accrued Liability
WarrantsExercisesForAnAccruedLiability
0 usd
CY2023 mmex Reverse Stock Split
ReverseStockSplit
0 usd
CY2022 mmex Reverse Stock Split
ReverseStockSplit
18 usd
CY2023 mmex Exercise Of Prefunded Warrants
ExerciseOfPrefundedWarrants
0 usd
CY2022 mmex Exercise Of Prefunded Warrants
ExerciseOfPrefundedWarrants
3580 usd
CY2023 mmex Shares And Warrants Issued For Debt Discount
SharesAndWarrantsIssuedForDebtDiscount
17371 usd
CY2022 mmex Shares And Warrants Issued For Debt Discount
SharesAndWarrantsIssuedForDebtDiscount
14091 usd
CY2023 mmex Note Payable For Convertible Note Payable
NotePayableForConvertibleNotePayable
190249 usd
CY2022 mmex Note Payable For Convertible Note Payable
NotePayableForConvertibleNotePayable
0 usd
CY2023 mmex Related Party Accounts Payable Exchanged For Related Party Convertible Note
RelatedPartyAccountsPayableExchangedForRelatedPartyConvertibleNote
20000 usd
CY2022 mmex Related Party Accounts Payable Exchanged For Related Party Convertible Note
RelatedPartyAccountsPayableExchangedForRelatedPartyConvertibleNote
0 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
18398 usd
CY2023 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
20000 usd
CY2022 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
3010042 usd
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3543 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
495000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Certain amounts in the consolidated financial statements for the prior year have been reclassified to conform with the current year presentation.</p>
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-72727305 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-2865323 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10363 usd
CY2023Q2 mmex Working Capital Deficit
WorkingCapitalDeficit
-3943126 usd
CY2023Q2 mmex Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
465703 usd
CY2022Q2 mmex Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
76770 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
0 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
0 usd
CY2023Q2 mmex Convertible Notes Payables
ConvertibleNotesPayables
20000 usd
CY2022Q2 mmex Convertible Notes Payables
ConvertibleNotesPayables
0 usd
CY2023Q1 us-gaap Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
20000 usd
CY2023Q1 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
1.10 pure
CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
175 usd
CY2023Q1 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
175 usd
CY2022 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1247877 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1258839 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
170074 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
144642 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1077803 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1114197 usd
CY2022 mmex Conversion Of Stock Shares Of Related Party Converted1
ConversionOfStockSharesOfRelatedPartyConverted1
6817224 shares
CY2022 mmex Convertible Common Stock Converted To Other Securities
ConvertibleCommonStockConvertedToOtherSecurities
74989 usd
CY2022 mmex Common Stock Shares Issued Upon Conversion Of Debt Shares
CommonStockSharesIssuedUponConversionOfDebtShares
17754 usd
CY2022 mmex Shares Issued For Exercise Of Prefunded Warrants
SharesIssuedForExerciseOfPrefundedWarrants
3580000 shares
CY2022 mmex Warrants Issued For Debt Discount
WarrantsIssuedForDebtDiscount
337500 shares
CY2022 mmex Out Of Pocket Offering Costs
OutOfPocketOfferingCosts
349150 usd
CY2023Q2 us-gaap Debt Default Shortterm Debt Amount
DebtDefaultShorttermDebtAmount
711953 usd
CY2022Q2 us-gaap Debt Default Shortterm Debt Amount
DebtDefaultShorttermDebtAmount
75001 usd
CY2021Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2022-03-11
CY2021Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2022Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
113048 usd
CY2023Q2 us-gaap Notes Payable
NotesPayable
105710 usd
CY2022Q2 us-gaap Notes Payable
NotesPayable
904452 usd
CY2021Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1000000 usd
CY2021Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
250000 usd
CY2021Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2023Q2 mmex Convertible Notes Payable Currently In Default
ConvertibleNotesPayableCurrentlyInDefault
333840 usd
CY2022Q2 mmex Convertible Notes Payable Currently In Default
ConvertibleNotesPayableCurrentlyInDefault
75000 usd
CY2023Q2 mmex Convertible Notes Payable Discount
ConvertibleNotesPayableDiscount
0 usd
CY2022Q2 mmex Convertible Notes Payable Discount
ConvertibleNotesPayableDiscount
0 usd
CY2023Q2 mmex Convertible Notes Payable Currently In Default Net Of Discount
ConvertibleNotesPayableCurrentlyInDefaultNetOfDiscount
333840 usd
CY2022Q2 mmex Convertible Notes Payable Currently In Default Net Of Discount
ConvertibleNotesPayableCurrentlyInDefaultNetOfDiscount
75000 usd
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
165000 usd
CY2022Q2 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
155000 usd
CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
10000 usd
CY2023Q2 mmex Convertible Notes Payable Total
ConvertibleNotesPayableTotal
635875 usd
CY2022Q2 mmex Convertible Notes Payable Total
ConvertibleNotesPayableTotal
455000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
15200 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
22903 usd
CY2023Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
620675 usd
CY2022Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
432097 usd
CY2023 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
710802 shares
CY2023 mmex Gains Losses On Settlement Of Debt
GainsLossesOnSettlementOfDebt
16540 usd
CY2022Q2 mmex Note Desceription
NoteDesceription
The Company can prepay the note with prepayment penalties ranging from 105% to 125% during the first 180 days after issuance. During the year ended April 30, 2023 the Company converted $64,950 into 137,891,070 shares of common stock based on the variable conversion prices in effect on the date of the conversions
CY2023Q2 mmex Capital Stock Authorized
CapitalStockAuthorized
10001000000 shares
CY2022Q2 mmex Capital Stock Authorized
CapitalStockAuthorized
201000000 shares
CY2023Q2 mmex Common Stock Share Authorized
CommonStockShareAuthorized
10000000000 shares
CY2022Q2 mmex Common Stock Share Authorized
CommonStockShareAuthorized
200000000 shares
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2023 mmex Total Shares Issued Of Common Stock
TotalSharesIssuedOfCommonStock
748413613 shares
CY2023 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
202640220 shares
CY2023 mmex Common Stock Shares Issued For Conversion Of Convertible Note Value
CommonStockSharesIssuedForConversionOfConvertibleNoteValue
338700 usd
CY2023 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
373367 usd
CY2023 us-gaap Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
34667 usd
CY2023 mmex Payment Of Fee Value
PaymentOfFeeValue
2700 usd
CY2023 mmex Shares Issued Prefunded Warrants
SharesIssuedPrefundedWarrants
1373562 shares
CY2023 mmex Warrants To Purchase Share
WarrantsToPurchaseShare
686281 shares
CY2023 mmex Convertible Common Stock Converted To Other Securities
ConvertibleCommonStockConvertedToOtherSecurities
41209 usd
CY2023 mmex Out Of Pocket Offering Costs
OutOfPocketOfferingCosts
12000 usd
CY2023 mmex Shares Issued For Accrued Liability Related Parties Share
SharesIssuedForAccruedLiabilityRelatedPartiesShare
91414 shares
CY2023 mmex Shares Issued For Accrued Liability Related Parties Value
SharesIssuedForAccruedLiabilityRelatedPartiesValue
1006 usd
CY2023 mmex Warrants Issued For Debt Discount
WarrantsIssuedForDebtDiscount
235109718 shares
CY2023Q2 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
17371 usd
CY2023 mmex Shares Issued For Exercise Of Prefunded Warrants
SharesIssuedForExerciseOfPrefundedWarrants
16188264 shares
CY2023 mmex Warrants Issued For Conversion Of Series B Preferred Stock
WarrantsIssuedForConversionOfSeriesBPreferredStock
528020153 shares
CY2023 mmex Conversion Of Stock Shares Of Related Party Converted1
ConversionOfStockSharesOfRelatedPartyConverted1
356 shares
CY2022 mmex Total Shares Issued Of Common Stock
TotalSharesIssuedOfCommonStock
17953041 shares
CY2022 mmex Share Issued During Period Shares
ShareIssuedDuringPeriodShares
170000 shares
CY2022 mmex Shares Issued Prefunded Warrants
SharesIssuedPrefundedWarrants
3580000 shares
CY2022 mmex Warrants To Purchase Share
WarrantsToPurchaseShare
2575500 shares
CY2022 mmex Stock Issued During Period Value New Issuesfor Cash
StockIssuedDuringPeriodValueNewIssuesforCash
3000000 usd
CY2022 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
6433743 shares
CY2022 mmex Common Stock Shares Issued For Conversion Of Convertible Note Value
CommonStockSharesIssuedForConversionOfConvertibleNoteValue
154438 usd
CY2022 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
149444 usd
CY2022 us-gaap Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
4490 usd
CY2022 us-gaap Payments For Fees
PaymentsForFees
504 usd
CY2022Q2 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
0.10
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.05
CY2023 mmex Warrant Grant
WarrantGrant
3000000 shares
CY2023 mmex Warrants Issued As Stock Based Compensation
WarrantsIssuedAsStockBasedCompensation
495000 usd
CY2023 mmex Warrants Modified The Terms Of Description
WarrantsModifiedTheTermsOfDescription
Series C and Series D warrants, from $0.10 to $0.05
CY2023 mmex Warrants Conjuction With Sale
WarrantsConjuctionWithSale
686281 shares
CY2023 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
686281 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.045
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
15000 usd
CY2023 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
11991 usd
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
235109718 shares
CY2023Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.0000638
CY2023 mmex Warrants Term
WarrantsTerm
five-year
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
769618295 shares
CY2023 mmex Net Operating Loss Carryforwards
NetOperatingLossCarryforwards
21669158 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.50 pure
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4550523 usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4132196 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4550523 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4132196 usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2023 mmex Change In Net Operating Loss Benefit
ChangeInNetOperatingLossBenefit
418328 usd
CY2022 mmex Change In Net Operating Loss Benefit
ChangeInNetOperatingLossBenefit
714644 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-418328 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-714644 usd
CY2023 mmex Icome Tax Expense
IcomeTaxExpense
0 usd
CY2022 mmex Icome Tax Expense
IcomeTaxExpense
0 usd
CY2023Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
60000 usd
CY2023Q2 mmex Waarrant Issued
WaarrantIssued
300000000 shares
CY2023 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
256708619 shares
CY2023 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
12950 usd
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
1399 usd
CY2023Q2 mmex Accrued Fees
AccruedFees
540 usd
CY2023 mmex Shares Issued For Accrued Liabilities
SharesIssuedForAccruedLiabilities
279120377 shares
CY2023 mmex Shares Issued For Accrued Liabilities Amount
SharesIssuedForAccruedLiabilitiesAmount
17808 usd
CY2023 mmex Share Issued For Conversion Of Preferred Stock
ShareIssuedForConversionOfPreferredStock
301724139 shares
CY2023 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
20000 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
25400 usd

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0001477932-23-005360.txt Edgar Link pending
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mmex-20230430_lab.xml Edgar Link unprocessable
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mmex_10k_htm.xml Edgar Link completed
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