$OKMN
Okmin Resources Inc Stock $okmn

$okmn Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000107997323000673 Filed on May 12, 2023

Income Statement

Concept	2023 Q2	2023 Q1	2022 Q1
Revenue	$15.63K	$30.23K	$29.50K
YoY Change	-61.33%	2.47%
Cost Of Revenue	$37.25K	$100.0K	$25.91K
YoY Change	-40.42%	286.08%
Gross Profit	-$21.62K	-$69.79K	$3.591K
YoY Change	-2.17%	-2043.5%
Gross Profit Margin	-138.32%	-230.87%	12.17%
Selling, General & Admin	$74.68K	$68.83K	$92.99K
YoY Change	19.43%	-25.98%
% of Gross Profit			2589.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.240K	$1.220K	$0.00
YoY Change
% of Gross Profit			0.0%
Operating Expenses	$75.92K	$70.05K	$92.99K
YoY Change	21.41%	-24.67%
Operating Profit	-$97.54K	-$139.8K	-$89.40K
YoY Change	15.25%	56.42%
Interest Expense	$0.00	$1.123K	$0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$97.54K	-$138.7K	-$89.40K
YoY Change	15.24%	55.17%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$97.54K	-$138.7K	-$89.40K
YoY Change	15.25%	55.17%
Net Earnings / Revenue	-624.06%	-458.88%	-303.05%
Basic Earnings Per Share		$0.00	$0.00
Diluted Earnings Per Share	$0.00	$0.00	$0.00
COMMON SHARES
Basic Shares Outstanding	113.4M shares	113.1M shares	95.16M shares
Diluted Shares Outstanding		170.2M shares	152.9M shares

Balance Sheet

Concept	2023 Q2	2023 Q1	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$214.3K	$292.9K	$235.4K
YoY Change	0.0%	24.4%
Cash & Equivalents	$214.3K	$292.9K	$235.4K
Short-Term Investments
Other Short-Term Assets	$100.00	$14.99K	$0.00
YoY Change
Inventory
Prepaid Expenses	$96.00	$96.00
Receivables	$0.00	$0.00	$11.16K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$214.4K	$307.8K	$246.6K
YoY Change	-12.03%	24.85%
LONG-TERM ASSETS
Property, Plant & Equipment	$544.3K	$544.0K	$524.2K
YoY Change	2.96%	3.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$157.0K	$142.4K	$100.0K
YoY Change	23.19%	42.4%
Other Assets	$0.00	$1.480K	$100.00
YoY Change	-100.0%	1380.0%
Total Long-Term Assets	$701.3K	$687.8K	$624.3K
YoY Change	6.88%	10.18%
TOTAL ASSETS
Total Short-Term Assets	$214.4K	$307.8K	$246.6K
Total Long-Term Assets	$701.3K	$687.8K	$624.3K
Total Assets	$915.7K	$995.7K	$870.9K
YoY Change	1.75%	14.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$0.00	$1.271K	$1.830K
YoY Change	-100.0%	-30.55%
Accrued Expenses	$142.1K	$117.3K	$33.75K
YoY Change	163.19%	247.41%
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	$118.5K	$35.58K
YoY Change	156.98%	233.11%
LONG-TERM LIABILITIES
Long-Term Debt	$171.1K	$181.6K	$231.0K
YoY Change	-21.95%	-21.37%
Other Long-Term Liabilities	$32.90K	$28.44K	$7.700K
YoY Change	145.71%	269.35%
Total Long-Term Liabilities	$204.0K	$210.1K	$238.7K
YoY Change	-12.3%	-11.99%
TOTAL LIABILITIES
Total Short-Term Liabilities	$142.1K	$118.5K	$35.58K
Total Long-Term Liabilities	$204.0K	$210.1K	$238.7K
Total Liabilities	$346.2K	$328.6K	$274.3K
YoY Change	20.21%	19.8%
SHAREHOLDERS EQUITY
Retained Earnings	-$835.3K	-$737.8K
YoY Change	172.72%
Common Stock	$11.34K	$11.34K
YoY Change	12.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$569.5K	$667.1K	$596.6K
YoY Change
Total Liabilities & Shareholders Equity	$915.7K	$995.7K	$870.9K
YoY Change	1.75%	14.33%

Cashflow Statement

Concept	2023 Q2	2023 Q1	2022 Q1
OPERATING ACTIVITIES
Net Income	-$97.54K	-$138.7K	-$89.40K
YoY Change	15.25%	55.17%
Depreciation, Depletion And Amortization	$1.240K	$1.220K	$0.00
YoY Change
Cash From Operating Activities	-$53.12K	-$77.52K	-$66.41K
YoY Change	-31.46%	16.73%
INVESTING ACTIVITIES
Capital Expenditures	$14.92K	$15.14K	$20.99K
YoY Change		-27.87%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$14.92K	-$15.14K	-$20.99K
YoY Change	-53.18%	-27.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-10.50K	42.00K	32.00K
YoY Change	-111.9%	31.25%
NET CHANGE
Cash From Operating Activities	-53.12K	-77.52K	-66.41K
Cash From Investing Activities	-14.92K	-15.14K	-20.99K
Cash From Financing Activities	-10.50K	42.00K	32.00K
Net Change In Cash	-78.54K	-50.66K	-55.40K
YoY Change	272.05%	-8.56%
FREE CASH FLOW
Cash From Operating Activities	-$53.12K	-$77.52K	-$66.41K
Capital Expenditures	$14.92K	$15.14K	$20.99K
Free Cash Flow	-$68.04K	-$92.66K	-$87.40K
YoY Change		6.02%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	91436
	dei	City Area Code CityAreaCode	(818)
	dei	Entity Central Index Key EntityCentralIndexKey	0001848334
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Address Address Line1 EntityAddressAddressLine1	16501 Ventura Blvd.
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 400
	dei	Entity Address City Or Town EntityAddressCityOrTown	Encino
	dei	Local Phone Number LocalPhoneNumber	201-3727
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity File Number EntityFileNumber	000-56381
	dei	Entity Registrant Name EntityRegistrantName	OKMIN RESOURCES INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	85-4401166
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	true
	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	113432500	shares
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	292853	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	214307	usd
CY2023Q1	OKMIN	Production Revenue Receivable ProductionRevenueReceivable	0	usd
CY2022Q2	OKMIN	Production Revenue Receivable ProductionRevenueReceivable	29430	usd
CY2023Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	96	usd
CY2022Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	0	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	307838	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	243737	usd
CY2023Q1	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	543961	usd
CY2022Q2	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	528622	usd
CY2023Q1	OKMIN	Black Rock Joint Venture BlackRockJointVenture	142401	usd
CY2022Q2	OKMIN	Black Rock Joint Venture BlackRockJointVenture	127455	usd
CY2023Q1	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	1480	usd
CY2022Q2	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	96	usd
CY2023Q1	us-gaap	Assets Noncurrent AssetsNoncurrent	687842	usd
CY2022Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	656173	usd
CY2023Q1	us-gaap	Assets Assets	995680	usd
CY2022Q2	us-gaap	Assets Assets	899910	usd
CY2023Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	1271	usd
CY2022Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	1306	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	117250	usd
CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	54000	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	118521	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	55305	usd
CY2023Q1	us-gaap	Interest Payable Current InterestPayableCurrent	28442	usd
CY2022Q2	us-gaap	Interest Payable Current InterestPayableCurrent	13385	usd
CY2023Q1	us-gaap	Notes Payable NotesPayable	181635	usd
CY2022Q2	us-gaap	Notes Payable NotesPayable	219260	usd
CY2023Q1	us-gaap	Liabilities Liabilities	328598	usd
CY2022Q2	us-gaap	Liabilities Liabilities	287951	usd
CY2023Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	5000000	shares
CY2023Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	5000000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q1	us-gaap	Preferred Stock Value PreferredStockValue	500	usd
CY2022Q2	us-gaap	Preferred Stock Value PreferredStockValue	500	usd
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000000	shares
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000000	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	113432500	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	113432500	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	100430000	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	100430000	shares
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	11343	usd
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	10043	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1393007	usd
CY2022Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	907707	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-737768	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-306290	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	667082	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	611960	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	995680	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	899911	usd
CY2023Q1	us-gaap	Results Of Operations Revenue From Oil And Gas Producing Activities ResultsOfOperationsRevenueFromOilAndGasProducingActivities	30228	usd
CY2022Q1	us-gaap	Results Of Operations Revenue From Oil And Gas Producing Activities ResultsOfOperationsRevenueFromOilAndGasProducingActivities	29497	usd
	us-gaap	Results Of Operations Revenue From Oil And Gas Producing Activities ResultsOfOperationsRevenueFromOilAndGasProducingActivities	98466	usd
	us-gaap	Results Of Operations Revenue From Oil And Gas Producing Activities ResultsOfOperationsRevenueFromOilAndGasProducingActivities	51421	usd
CY2023Q1	us-gaap	Cost Of Revenue CostOfRevenue	100019	usd
CY2022Q1	us-gaap	Cost Of Revenue CostOfRevenue	25906	usd
	us-gaap	Cost Of Revenue CostOfRevenue	223517	usd
	us-gaap	Cost Of Revenue CostOfRevenue	27481	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	-69791	usd
CY2022Q1	us-gaap	Gross Profit GrossProfit	3591	usd
	us-gaap	Gross Profit GrossProfit	-125051	usd
	us-gaap	Gross Profit GrossProfit	23940	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	68830	usd
CY2022Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	92991	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	306068	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	173672	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1220	usd
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	0	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2732	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	0	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	70050	usd
CY2022Q1	us-gaap	Operating Expenses OperatingExpenses	92991	usd
	us-gaap	Operating Expenses OperatingExpenses	308800	usd
	us-gaap	Operating Expenses OperatingExpenses	173672	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-139841	usd
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-89400	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-433851	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-149732	usd
CY2023Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	1123	usd
CY2022Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	0	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	2373	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	0	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-138718	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-89400	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-431478	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-149732	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023Q1	OKMIN	Net Income Loss1 NetIncomeLoss1	-138718	usd
CY2022Q1	OKMIN	Net Income Loss1 NetIncomeLoss1	-89400	usd
	OKMIN	Net Income Loss1 NetIncomeLoss1	-431478	usd
	OKMIN	Net Income Loss1 NetIncomeLoss1	-149732	usd
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	113129722	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	95164222	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	107753628	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	92301541	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	170197189	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	152864222	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	164809228	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	129414190	shares
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	387579	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	288500	usd
	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	39000	usd
	us-gaap	Stock Issued During Period Value Other StockIssuedDuringPeriodValueOther	31250	usd
	us-gaap	Net Income Loss NetIncomeLoss	-149732	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	596597	usd
CY2022Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	100000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-84637	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	611960	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	401500	usd
	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	85100	usd
	us-gaap	Net Income Loss NetIncomeLoss	-431478	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	667082	usd
	us-gaap	Net Income Loss NetIncomeLoss	-431478	usd
	us-gaap	Net Income Loss NetIncomeLoss	-149732	usd
	us-gaap	Increase Decrease In Unproved Oil And Gas Property IncreaseDecreaseInUnprovedOilAndGasProperty	1480	usd
	us-gaap	Increase Decrease In Unproved Oil And Gas Property IncreaseDecreaseInUnprovedOilAndGasProperty	1560	usd
	OKMIN	Increase Decrease In Prepaid Deposit IncreaseDecreaseInPrepaidDeposit	-0	usd
	OKMIN	Increase Decrease In Prepaid Deposit IncreaseDecreaseInPrepaidDeposit	-25000	usd
	OKMIN	Increase Decrease In Accrued Interest Payable IncreaseDecreaseInAccruedInterestPayable	15057	usd
	OKMIN	Increase Decrease In Accrued Interest Payable IncreaseDecreaseInAccruedInterestPayable	0	usd
	OKMIN	Production Revenues Receivable ProductionRevenuesReceivable	-14542	usd
	OKMIN	Production Revenues Receivable ProductionRevenuesReceivable	9597	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	63216	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	30191	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-340143	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-105698	usd
	OKMIN	Investment In Oil And Gas Properties InvestmentInOilAndGasProperties	30285	usd
	OKMIN	Investment In Oil And Gas Properties InvestmentInOilAndGasProperties	524213	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-30285	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-524213	usd
	OKMIN	Repayments Of Note Payable RepaymentsOfNotePayable	37625	usd
	OKMIN	Repayments Of Note Payable RepaymentsOfNotePayable	-231000	usd
	OKMIN	Additional Paid In Capital Amount AdditionalPaidInCapitalAmount	485300	usd
	OKMIN	Additional Paid In Capital Amount AdditionalPaidInCapitalAmount	356835	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1300	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1915	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	448975	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	589750	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	78547	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-40161	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	214307	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	275572	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	292854	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	235411	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_840_eus-gaap--UseOfEstimates_zMBSwfNQRCX6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_86E_z3oJFD10iwEa">Use of Estimates</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and certain assumptions that affect the amounts reported in these consolidated financial statements and accompanying notes. Actual results could differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> <b><i> </i></b></p>
CY2023Q1	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	292853	usd
CY2022Q2	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	214307	usd
	us-gaap	Net Income Loss NetIncomeLoss	-431478	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-737768	usd
CY2023Q1	OKMIN	Working Capital WorkingCapital	189317	usd
	us-gaap	Effect On Future Earnings And Cash Flows Offset Description EffectOnFutureEarningsAndCashFlowsOffsetDescription	For the 2024 fiscal year starting in July, the Company anticipates cash needs of a minimum of $600,000, of which approximately $300,000 is for general corporate overhead and $300,000 for continued work on existing properties.
	us-gaap	Results Of Operations Revenue From Oil And Gas Producing Activities ResultsOfOperationsRevenueFromOilAndGasProducingActivities	98466	usd
	us-gaap	Depreciation Depreciation	223517	usd
CY2023Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	5000000	shares
CY2023Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	5000000	shares
	us-gaap	Preferred Stock Voting Rights PreferredStockVotingRights	Each share of Series A Preferred Stock has voting rights of ten votes per share, though is not entitled to receive dividends.
	us-gaap	Preferred Stock Conversion Basis PreferredStockConversionBasis	Additionally, each share of Series A preferred shares may be converted at $0.01 per preferred share into ten shares of common stock for each share of Series A Preferred Stock. The Series A Preferred Stock upon liquidation, winding-up or dissolution of the Corporation, ranks on a parity, in all respects, with all the Common Stock.
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000000	shares
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	113432500	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	113432500	shares
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-138718	usd
CY2023Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	113129722	shares
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-138718	usd
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	170197189	shares
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-431478	usd
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	107753628	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-431478	usd
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	164809228	shares
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
CY2023Q1	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	737768	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.21	pure
CY2023Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	154931	usd

Files In Submission

Name	View Source	Status
okmin-20230331_cal.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
0001079973-23-000673-index-headers.html	Edgar Link	pending
0001079973-23-000673-index.html	Edgar Link	pending
0001079973-23-000673.txt	Edgar Link	pending
0001079973-23-000673-xbrl.zip	Edgar Link	pending
ex31x1.htm	Edgar Link	pending
ex32x1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
okmin-20230331.xsd	Edgar Link	pending
okmin_10q.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
okmin-20230331_def.xml	Edgar Link	unprocessable
okmin-20230331_lab.xml	Edgar Link	unprocessable
okmin-20230331_pre.xml	Edgar Link	unprocessable
okmin_10q_htm.xml	Edgar Link	completed

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$OKMN
Okmin Resources Inc Stock $okmn

2023 Q2 Form 10-Q Financial Statement

#000107997323000673 Filed on May 12, 2023

Income Statement

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$OKMN Okmin Resources Inc Stock $okmn

2023 Q2 Form 10-Q Financial Statement

#000107997323000673 Filed on May 12, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OKMN
Okmin Resources Inc Stock $okmn