OTC: MMEX
MMEX Resources CorpCIK 0001440799 · SIC 7819 · Services Allied to Motion Pictures
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Latest financial statements
From 10-Q filed Sep 8, 2026 (period ending Jul 31, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations
| Description | Three months ended July 31, 2026 | Three months ended July 31, 2025 |
|---|---|---|
| Revenue | - | - |
| Operating Expenses | ||
| General and administrative expenses | 939,690 | 298,940 |
| Refinery start-up costs | - | 60,500 |
| Depreciation and amortization | 9,694 | 9,097 |
| Total Operating Expenses | 949,384 | 368,537 |
| Loss From Operations | (949,384) | (368,537) |
| Other Income(Expense): | ||
| Interest expense | (66,847) | (67,602) |
| Gain (loss) on extinguishment of liabilities | 161,937 | - |
| Total Other Income (Expense) | 95,090 | (67,602) |
| Loss Before Income Taxes | (854,294) | (436,139) |
| Provision for Income Taxes | - | - |
| Net Loss | (854,294) | (436,139) |
| Non-controlling interest | 62,584 | - |
| Net Loss Attributable to the Common Shareholders | (791,710) | (436,139) |
| Net loss per common share basic and diluted | (0.00) | (0.00) |
| Weighted average number of common shares outstanding basic and diluted | 22,295,726,723 | 11,475,488,377 |
Condensed Consolidated Balance Sheets
| Description | July 31 2026 (unaudited) | April 30, 2026 |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash | 1,655,003 | 212,343 |
| Prepaid expenses and other current assets | 707,361 | 91,990 |
| Total Current Assets | 2,362,364 | 304,333 |
| Property and equipment, net | 970,856 | 968,621 |
| Total Assets | 3,333,220 | 1,272,954 |
| Liabilities and Stockholders' Deficit | ||
| Current Liabilities | ||
| Accounts payable | 944,323 | 942,873 |
| Accrued expenses | 1,615,961 | 1,791,785 |
| Accounts payable and accrued expenses related parties | 1,625,519 | 1,530,395 |
| Notes payable net of discount of $2,010 and $3,501, respectively | 41,779 | 100,391 |
| Notes payable, currently in default | 1,154,453 | 1,154,453 |
| Convertible notes payable related parties, net of debt discount of $0, respectively | 179,570 | - |
| Convertible notes payable, currently in default, net of discount of $0, respectively | 370,000 | 653,955 |
| Total Current Liabilities | 5,752,035 | 6,173,852 |
| Long-term Liabilities | ||
| Convertible notes payable related parties, net of debt discount of $21,733 and $24,251, respectively | 1,003,721 | 1,638,380 |
| Notes payable related parties, net of debt discount of $0 and $894, respectively | - | 8,534 |
| Convertible notes payable | 59,951 | 59,951 |
| Total Liabilities | 6,995,277 | 7,880,717 |
| Commitments and Contingencies | - | - |
| Stockholders’ Deficit: | ||
| Common stock, $0.001 par value; 50,000,000,000 shares authorized, 22,295,726,723 and 22,295,726,723 shares issued and outstanding, respectively | 22,295,726 | 22,295,726 |
| Preferred stock, $0.001 par value; 1,000,000 authorized: | ||
| 1,000 Series A preferred shares issued and outstanding, respectively | 1 | 1 |
| 0 and 974 Series B preferred shares issued and outstanding, respectively | 0 | 2 |
| Additional paid in capital | 59,948,128 | 56,220,787 |
| Non-controlling interest | 15,467 | 5,390 |
| Accumulated deficit | (85,921,379) | (85,129,669) |
| Total Stockholders’ Deficit | (3,662,057) | (6,607,763) |
| Total Liabilities and Stockholders’ Deficit | 3,333,220 | 1,272,954 |
Condensed Consolidated Statements of Cash Flows
| Description | Three months ended July 31, 2026 | Three months ended July 31, 2025 |
|---|---|---|
| Cash Flows From Operating Activities: | ||
| Net loss | (854,294) | (436,139) |
| Adjustment to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization expense | 9,694 | 9,097 |
| (Gain) loss on extinguishment of debt | (161,937) | - |
| Amortization of debt discount | 4,904 | 1,269 |
| Stock-based compensation | - | 60,500 |
| (Increase) decrease in assets: | ||
| Prepaid expenses and other current assets | (615,371) | 500 |
| Increase (decrease) in liabilities: | ||
| Accounts payable | 1,450 | 5,070 |
| Accrued expenses | (27,850) | 71,134 |
| Accounts payable and accrued expenses related parties | 95,124 | 279,669 |
| Net Cash Used in Operating Activities | (1,548,280) | (8,900) |
| Cash Flows From Investing Activities: | ||
| Purchase of property and equipment | (11,929) | - |
| Net Cash Used in Investing Activities | (11,929) | - |
| Cash Flows From Financing Activities: | ||
| Proceeds from notes payable | - | - |
| Repayments of notes payable | (61,140) | (3,610) |
| Repayments of convertible notes payable | (268,955) | - |
| Repayments of notes payable related parties | (9,428) | 7,990 |
| Repayments of convertible notes payable related parties | (457,608) | - |
| Proceeds from the sale of non-controlling interests | 3,800,000 | - |
| Net Cash Provided by Financing Activities | 3,002,869 | 4,380 |
| Net increase (decrease) in cash | 1,442,660 | (4,520) |
| Cash at the beginning of the period | 212,343 | 4,579 |
| Cash at the end of the period | 1,655,003 | 59 |
| Supplemental Disclosure: | ||
| Interest paid | 56,968 | - |
| Taxes paid | - | - |
| Non-Cash Investing and Financing Activities: | ||
| Cancellation of Series B Preferred Stock | 2 | - |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗