mmex: the balance sheet

MyFinsight

For the quarter ending 2025-07-31, MMEX has $998,977 in assets. $7,357,501 in debts.

Unit: Dollar

Balance Sheets	2025-07-31
Cash	59
Prepaid expenses and other current assets	3,000
Total current assets	3,059
Property and equipment, net	995,918
Total assets	998,977

Accounts payable	962,628
Accrued expenses	1,315,340
Accounts payable and accrued expenses - related parties	956,547
Notes payable, net of discount of 1,703 and 2,966 at july 31, 2025 and april 30, 2025, respectively	105,646
Notes payable, currently in default	1,154,453
Convertible notes payable, currently in default, net of discount of 0 at july 31, 2025 and april 30, 2025, respectively	653,955
Total current liabilities	5,148,569
Convertible notes payable - related parties, net of discount of 0 at july 31, 2025 and april 30, 2025, respectively	2,087,265
Notes payable - related parties, net of discount of 1,432 and 0 at july 31, 2025 and april 30, 2025	7,996
Convertible notes payable	113,671
Total liabilities	7,357,501
Common stock 0.001 par value 50,000,000,000 shares authorized, 11,590,977,507 and 11,340,977,507 shares issued and outstanding at july 31, 2025 and april 30, 2025, respectively	11,590,977
Preferred stock, value-Series APreferred Stock	1
Preferred stock, value-Series BPreferred Stock	2
Additional paid-in capital	65,697,613
Non-controlling interest	9,871
Accumulated deficit	-83,656,988
Total stockholders' deficit	-6,358,524
Total liabilities and stockholders' deficit	998,977