2024 Q3 Form 10-K Financial Statement

#000147793224004414 Filed on July 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $350.5K $306.0K $1.256M
YoY Change 8.17% 1.75% -25.23%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.100K $9.090K $36.39K
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $365.1K $315.6K $1.304M
YoY Change 9.58% 2.51% -27.97%
Operating Profit -$365.1K -$1.304M
YoY Change 9.58% -27.97%
Interest Expense $90.16K -$42.94K $340.8K
YoY Change -9.05% 2.97% -245.08%
% of Operating Profit
Other Income/Expense, Net -$90.16K -$1.160M
YoY Change -89.42% 588.58%
Pretax Income -$455.2K -$425.7K -$2.465M
YoY Change -61.6% 42.06% 24.5%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$455.2K -$6.155M -$2.465M
YoY Change -61.6% 1894.0% -45.51%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 9.693B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $260.00 $900.00 $900.00
YoY Change 4.0% -91.31% -91.31%
Cash & Equivalents $260.00 $898.00
Short-Term Investments
Other Short-Term Assets $3.500K $3.000K $3.000K
YoY Change 16.67% -87.5% -87.5%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.760K $3.898K $3.900K
YoY Change 15.69% -88.66% -88.65%
LONG-TERM ASSETS
Property, Plant & Equipment $1.032M $1.041M $1.041M
YoY Change -3.41% -3.38% -3.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.032M $1.041M $1.041M
YoY Change -3.41% -3.38% -3.38%
TOTAL ASSETS
Total Short-Term Assets $3.760K $3.898K $3.900K
Total Long-Term Assets $1.032M $1.041M $1.041M
Total Assets $1.036M $1.045M $1.045M
YoY Change -3.35% -6.01% -6.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $879.4K $841.6K $1.872M
YoY Change 16.57% -29.84% 56.07%
Accrued Expenses $988.2K $933.1K $933.1K
YoY Change -5.81% -5.34% -5.34%
Deferred Revenue
YoY Change
Short-Term Debt $2.162M $2.054M $2.054M
YoY Change 20.78% 14.6% 14.6%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.266M $4.859M $4.859M
YoY Change 30.84% 22.16% 22.16%
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 $5.266M $4.859M $4.859M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $5.266M $4.859M $4.869M
YoY Change 30.84% 21.86% 22.11%
SHAREHOLDERS EQUITY
Retained Earnings -$81.38M -$80.92M
YoY Change 10.1% 11.27%
Common Stock $9.693M $9.443M
YoY Change 98.57% 1126.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.230M -$3.814M -$3.824M
YoY Change
Total Liabilities & Shareholders Equity $1.036M $1.045M $1.045M
YoY Change -3.35% -6.01% -6.01%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income -$455.2K -$6.155M -$2.465M
YoY Change -61.6% 1894.0% -45.51%
Depreciation, Depletion And Amortization $9.100K $9.090K $36.39K
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities -$107.5K -$120.1K -$493.0K
YoY Change 42.38% 93.29% -27.71%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $106.9K 121.0K $483.5K
YoY Change 63.42% 86.22% -12.96%
NET CHANGE
Cash From Operating Activities -$107.5K -120.1K -$493.0K
Cash From Investing Activities $0.00 0.000 $0.00
Cash From Financing Activities $106.9K 121.0K $483.5K
Net Change In Cash -$638.00 910.0 -$9.465K
YoY Change -93.69% -68.07% -92.52%
FREE CASH FLOW
Cash From Operating Activities -$107.5K -$120.1K -$493.0K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$107.5K -$120.1K -$493.0K
YoY Change 42.38% 93.29% -27.71%

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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10363 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
136867 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10363 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
145655 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
3310 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
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IncomeTaxesPaidNet
0 usd
CY2024 mmex Issuance Of Common Stock For Conversion Of Debt
IssuanceOfCommonStockForConversionOfDebt
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CY2023 mmex Issuance Of Common Stock For Conversion Of Debt
IssuanceOfCommonStockForConversionOfDebt
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CY2024 mmex Convertible Note Exchanged For For Note Payable Related Party
ConvertibleNoteExchangedForForNotePayableRelatedParty
20000 usd
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ConvertibleNoteExchangedForForNotePayableRelatedParty
0 usd
CY2024 mmex Issuance Of Common Stock For Accrued Liabilities
IssuanceOfCommonStockForAccruedLiabilities
17808 usd
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IssuanceOfCommonStockForAccruedLiabilities
0 usd
CY2024 mmex Issuance Of Common Stock For Accrued Expenses Related Parties
IssuanceOfCommonStockForAccruedExpensesRelatedParties
204763 usd
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IssuanceOfCommonStockForAccruedExpensesRelatedParties
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CY2024 mmex Conversion Of Preferred Stock Into Common Stock
ConversionOfPreferredStockIntoCommonStock
1674154 usd
CY2023 mmex Conversion Of Preferred Stock Into Common Stock
ConversionOfPreferredStockIntoCommonStock
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CY2024 mmex Non Cash Deemed Dividend
NonCashDeemedDividend
5729553 usd
CY2023 mmex Non Cash Deemed Dividend
NonCashDeemedDividend
2534402 usd
CY2024 mmex Non Cash Exercises Of Warrants
NonCashExercisesOfWarrants
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CY2023 mmex Non Cash Exercises Of Warrants
NonCashExercisesOfWarrants
14343 usd
CY2024 mmex Warrants Exercises For An Accrued Liability
WarrantsExercisesForAnAccruedLiability
0 usd
CY2023 mmex Warrants Exercises For An Accrued Liability
WarrantsExercisesForAnAccruedLiability
184 usd
CY2024 mmex Warrants For Debt Discount
WarrantsForDebtDiscount
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CY2023 mmex Warrants For Debt Discount
WarrantsForDebtDiscount
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CY2024 mmex Warrants Issued For Debt Discount Related Parties
WarrantsIssuedForDebtDiscountRelatedParties
54269 usd
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WarrantsIssuedForDebtDiscountRelatedParties
0 usd
CY2024 mmex Shares And Warrants Issued For Debt Discount
SharesAndWarrantsIssuedForDebtDiscount
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SharesAndWarrantsIssuedForDebtDiscount
17371 usd
CY2024 mmex Note Payable Issued For Convertible Note Payable
NotePayableIssuedForConvertibleNotePayable
0 usd
CY2023 mmex Note Payable Issued For Convertible Note Payable
NotePayableIssuedForConvertibleNotePayable
190249 usd
CY2024 mmex Related Party Accounts Payable Exchanged For Related Party Convertible Note
RelatedPartyAccountsPayableExchangedForRelatedPartyConvertibleNote
0 usd
CY2023 mmex Related Party Accounts Payable Exchanged For Related Party Convertible Note
RelatedPartyAccountsPayableExchangedForRelatedPartyConvertibleNote
20000 usd
CY2024 mmex Debt Reclassed From Convertible Note Payable To Note Payable
DebtReclassedFromConvertibleNotePayableToNotePayable
25000 usd
CY2023 mmex Debt Reclassed From Convertible Note Payable To Note Payable
DebtReclassedFromConvertibleNotePayableToNotePayable
0 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; 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>
CY2024 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
0 usd
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3543 usd
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
28200 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
495000 usd
CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; 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>
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-80921391 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-3813754 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
898 usd
CY2024Q2 mmex Working Capital Deficit
WorkingCapitalDeficit
-4855163 usd
CY2024Q2 mmex Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
1030522 usd
CY2023Q2 mmex Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
465703 usd
CY2024 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
260973 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
0 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
0 usd
CY2024Q2 mmex Convertible Notes Payables
ConvertibleNotesPayables
50000 usd
CY2023Q2 mmex Convertible Notes Payables
ConvertibleNotesPayables
20000 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
CY2023 us-gaap Interest Expense Other
InterestExpenseOther
175 usd
CY2023Q4 us-gaap Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
50000 usd
CY2023Q4 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
1.10 pure
CY2024 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
753 usd
CY2023 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2024Q2 mmex Notes Payable Related Parties Classified Gross
NotesPayableRelatedPartiesClassifiedGross
120478 usd
CY2023Q2 mmex Notes Payable Related Parties Classified Gross
NotesPayableRelatedPartiesClassifiedGross
0 usd
CY2024Q2 mmex Less Discount
LessDiscount
-47152 usd
CY2023Q2 mmex Less Discount
LessDiscount
0 usd
CY2024Q2 mmex Notes Payable Related Party Classified Current
NotesPayableRelatedPartyClassifiedCurrent
73326 usd
CY2023Q2 mmex Notes Payable Related Party Classified Current
NotesPayableRelatedPartyClassifiedCurrent
0 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1247877 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1247877 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
206468 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
170074 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1041409 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1077803 usd
CY2024 us-gaap Depreciation And Amortization
DepreciationAndAmortization
36394 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
36394 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
933143 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
985751 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
CY2024Q2 mmex Convertible Note Payable Currently In Default
ConvertibleNotePayableCurrentlyInDefault
1054915 usd
CY2023Q2 mmex Convertible Note Payable Currently In Default
ConvertibleNotePayableCurrentlyInDefault
120200 usd
CY2024Q2 mmex Convertible Notes Payable Discount
ConvertibleNotesPayableDiscount
-22285 usd
CY2023Q2 mmex Convertible Notes Payable Discount
ConvertibleNotesPayableDiscount
-14490 usd
CY2024Q2 mmex Convertible Notes Payable Currently In Default Net Of Discount
ConvertibleNotesPayableCurrentlyInDefaultNetOfDiscount
1032630 usd
CY2023Q2 mmex Convertible Notes Payable Currently In Default Net Of Discount
ConvertibleNotesPayableCurrentlyInDefaultNetOfDiscount
105710 usd
CY2024Q2 mmex Convertible Notes Payable Currently In Default
ConvertibleNotesPayableCurrentlyInDefault
150000 usd
CY2023Q2 mmex Convertible Notes Payable Currently In Default
ConvertibleNotesPayableCurrentlyInDefault
333840 usd
CY2024Q2 mmex Convertible Note Payable Discount
ConvertibleNotePayableDiscount
0 usd
CY2023Q2 mmex Convertible Note Payable Discount
ConvertibleNotePayableDiscount
0 usd
CY2024Q2 mmex Convertible Note Payable Currently In Default Net Of Discount
ConvertibleNotePayableCurrentlyInDefaultNetOfDiscount
150000 usd
CY2023Q2 mmex Convertible Note Payable Currently In Default Net Of Discount
ConvertibleNotePayableCurrentlyInDefaultNetOfDiscount
333840 usd
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
165000 usd
CY2022Q2 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
155000 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
CY2024Q2 mmex Convertible Note Payable
ConvertibleNotePayable
523955 usd
CY2023Q2 mmex Convertible Note Payable
ConvertibleNotePayable
635875 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
5771 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
15200 usd
CY2024Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
518184 usd
CY2023Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
620675 usd
CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
10000 usd
CY2024 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
41250 usd
CY2024 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
823771549 shares
CY2024Q2 mmex Capital Stock Authorized
CapitalStockAuthorized
25001000000 shares
CY2023Q2 mmex Capital Stock Authorized
CapitalStockAuthorized
10001000000 shares
CY2024Q2 mmex Common Stock Share Authorized
CommonStockShareAuthorized
25000000000 shares
CY2023Q2 mmex Common Stock Share Authorized
CommonStockShareAuthorized
10000000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2024 mmex Shares Issued Of Common Stock
SharesIssuedOfCommonStock
8673183 shares
CY2024 mmex Convertible Common Stock Converted To Other Securities
ConvertibleCommonStockConvertedToOtherSecurities
231970 usd
CY2024 us-gaap Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
16142 usd
CY2024 us-gaap Litigation Settlement Interest
LitigationSettlementInterest
1148 usd
CY2024 us-gaap Payments For Fees
PaymentsForFees
1620 usd
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
279120377 usd
CY2024 mmex Shares Issued For Accrued Liability Related Parties Share
SharesIssuedForAccruedLiabilityRelatedPartiesShare
17808 shares
CY2024 mmex Shares Issued For Accrued Expenses Amount
SharesIssuedForAccruedExpensesAmount
83736 usd
CY2024 mmex Loss Recognized Related To Stock Conversions
LossRecognizedRelatedToStockConversions
65928 usd
CY2024 mmex Shares Issued For Exercise Of Prefunded Warrants
SharesIssuedForExerciseOfPrefundedWarrants
3174187995 shares
CY2024 mmex Conversion Of Stock Shares Of Related Party Convertible Debt
ConversionOfStockSharesOfRelatedPartyConvertibleDebt
204763 usd
CY2024 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
892133 usd
CY2024 mmex Warrants To Purchase Share
WarrantsToPurchaseShare
687370 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
CY2022Q2 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
0.10
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.05
CY2023Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.000058
CY2023 mmex Warrants Issued For Conversion Of Series B Preferred Stock
WarrantsIssuedForConversionOfSeriesBPreferredStock
528020153 shares
CY2023 mmex Conversion Of Stock Shares Of Related Party Convertible Debt
ConversionOfStockSharesOfRelatedPartyConvertibleDebt
356 usd
CY2024 mmex Warrant Grant
WarrantGrant
3000000 shares
CY2024 mmex Warrants Issued As Stock Based Compensation
WarrantsIssuedAsStockBasedCompensation
28200 usd
CY2023 mmex Proceeds From Issuance Of Debt Note
ProceedsFromIssuanceOfDebtNote
152672 usd
CY2023Q2 mmex Class Of Warrants To Purchase Common Stock Shares In Conjunction With Issuance Of Debt
ClassOfWarrantsToPurchaseCommonStockSharesInConjunctionWithIssuanceOfDebt
3209208693 shares
CY2023Q2 mmex Issuance Of Debt Warrants Exercise Price
IssuanceOfDebtWarrantsExercisePrice
0.000058
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 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
686281 shares
CY2023 mmex Warrants Conjuction With Sale
WarrantsConjuctionWithSale
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
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9442800957 shares
CY2024 mmex Net Operating Loss Carryforwards
NetOperatingLossCarryforwards
23196985 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.50 pure
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4876239 usd
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4550523 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4876239 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4550523 usd
CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2024 mmex Change In Net Operating Loss Benefit
ChangeInNetOperatingLossBenefit
325716 usd
CY2023 mmex Change In Net Operating Loss Benefit
ChangeInNetOperatingLossBenefit
418328 usd
CY2024 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
325716 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-418328 usd
CY2024 mmex Icome Tax Expense
IcomeTaxExpense
0 usd
CY2023 mmex Icome Tax Expense
IcomeTaxExpense
0 usd

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