Financial Snapshot

Revenue
$37.25K
TTM
Gross Margin
-86.88%
TTM
Net Earnings
-$280.8K
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
12.25%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Book Value
Cash
Q3 2024
P/E
-16.31
Nov 11, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021
Revenue $42.54K $114.1K $91.84K $4.880K
YoY Change -62.71% 24.24% 1781.93%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021
Revenue $42.54K $114.1K $91.84K $4.880K
Cost Of Revenue $92.02K $260.8K $90.00K $350.00
Gross Profit -$49.48K -$146.7K $1.837K $4.530K
Gross Profit Margin -116.31% -128.55% 2.0% 92.83%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021
Selling, General & Admin $380.8K $236.2K $76.45K
YoY Change 61.19% 208.97%
% of Gross Profit 12858.46% 1687.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.194K $3.970K $0.00
YoY Change 30.83%
% of Gross Profit 0.0%
Operating Expenses $813.2K $384.7K $236.2K $76.45K
YoY Change 111.38% 62.87% 208.97%
Operating Profit -$862.7K -$531.4K -$234.4K -$71.92K
YoY Change 62.35% 126.73% 225.87%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021
Interest Expense $16.65K $2.373K $0.00
YoY Change 601.52%
% of Operating Profit
Other Income/Expense, Net -$10.51K $2.373K
YoY Change -542.73%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021
Pretax Income -$873.2K -$529.0K -$234.4K -$71.92K
YoY Change 65.06% 125.72% 225.87%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$873.2K -$529.0K -$234.4K -$71.92K
YoY Change 65.06% 125.72% 225.87%
Net Earnings / Revenue -2052.54% -463.65% -255.2% -1473.77%
Basic Earnings Per Share -$0.01 $0.00 -$0.02
Diluted Earnings Per Share $0.00 $0.00 -$0.02 $0.00

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021
Cash & Short-Term Investments $214.3K $214.3K $275.6K
YoY Change 0.0% -22.23%
Cash & Equivalents $214.3K $214.3K $275.6K
Short-Term Investments
Other Short-Term Assets $100.00 $0.00 $25.00K
YoY Change -100.0%
Inventory
Prepaid Expenses
Receivables $0.00 $29.43K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $214.4K $243.7K $300.6K
YoY Change -12.03% -18.91%
Property, Plant & Equipment $544.3K $528.6K $0.00
YoY Change 2.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $157.0K $127.5K $100.0K
YoY Change 23.19% 27.46%
Other Assets $0.00 $100.00 $100.00
YoY Change -100.0% 0.0%
Total Long-Term Assets $701.3K $656.2K $100.1K
YoY Change 6.88% 555.51%
Total Assets $915.7K $899.9K $400.7K
YoY Change
Accounts Payable $0.00 $1.310K $8.090K
YoY Change -100.0% -83.81%
Accrued Expenses $142.1K $54.00K $5.000K
YoY Change 163.2% 980.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $142.1K $55.31K $13.09K
YoY Change 156.97% 322.54%
Long-Term Debt $171.1K $219.3K $0.00
YoY Change -21.95%
Other Long-Term Liabilities $32.90K $13.39K $0.00
YoY Change 145.71%
Total Long-Term Liabilities $204.0K $232.7K $0.00
YoY Change -12.3%
Total Liabilities $346.2K $288.0K $13.09K
YoY Change 20.22% 2099.77%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021
Basic Shares Outstanding 114.0M shares 109.1M shares 94.06M shares
Diluted Shares Outstanding 171.8M shares 166.7M shares 136.4M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $4.58 Million

About Okmin Resources Inc

Okmin Resources, Inc. engages in the acquisition, exploration, and development of mineral rights and natural resource properties. The company is headquartered in Encino, California. The company went IPO on 2022-08-30. The firm is focused on the acquisition and development of domestic oil and gas field. The firm's projects are located in Oklahoma and Kansas. The company has an interest in four separate projects: The Blackrock Joint Venture encompassing 15 oil and gas leases in Oklahoma; a 72.5% interest in the Vitt oil lease located in Neosho County, Kansas; a 50% joint venture interest in West Sheppard Pool, a natural gas project in Northeast Oklahoma, and a 50% joint venture interest in Pushmataha, a natural gas project in Southeast Oklahoma. The Vitt oil lease project is located in Neosho County, Kansas. The Company’s West Sheppard Pool project is a natural gas project in Northeast Oklahoma. Its Pushmataha project is a natural gas project in Southeast Oklahoma. The company also owns 50% interest in Chain Lease, a 160 Acres in Okmulgee Count.

Industry: Crude Petroleum & Natural Gas Peers: Camber Energy Inc Conocophillips Houston American Energy Corp Marine Petroleum Trust Spindletop Oil and Gas Co