For the quarter ending 2026-01-31, MMEX has $992,431 in assets. $7,337,580 in debts.
| Balance Sheets | 2026-01-31 | 2025-10-31 | 2025-07-31 | |
|---|---|---|---|---|
| Cash | 1,428 | 546 | 59 | |
| Prepaid expenses and other current assets | 13,284 | 8,587 | 3,000 | |
| Total current assets | 14,712 | 9,133 | 3,059 | |
| Property and equipment, net | 977,719 | 986,818 | 995,918 | |
| Total assets | 992,431 | 995,951 | 998,977 | |
| Accounts payable | 998,335 | 988,938 | 962,628 | |
| Accrued expenses | 1,431,941 | 1,375,105 | 1,315,340 | |
| Accounts payable and accrued expenses - related parties | 1,368,440 | 1,186,342 | 956,547 | |
| Notes payable, net of discount of 1,703 and 2,966 at july 31, 2025 and april 30, 2025, respectively | - | - | 105,646 | |
| Note payable, net of discount of 439 and 2,966 at october 31, 2025 and april 30, 2025, respectively | - | 100,473 | - | |
| Note payable, net of discount of 4,943 and 2,966 at january 31, 2026 and april 30, 2025, respectively | 100,903 | 1,154,453 | 1,154,453 | |
| Notes payable - related parties, net of discount of 1,251 and 0 at october 31, 2025 and april 30, 2025 | - | 8,177 | - | |
| Note payable, currently in default | 1,154,453 | - | - | |
| Convertible notes payable | - | 59,951 | 653,955 | |
| Convertible notes payable, currently in default, net of discount of 0 at january 31, 2026 and april 30, 2025, respectively | 653,955 | 653,955 | - | |
| Total current liabilities | 5,708,027 | 5,459,266 | 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 | |
| Convertible notes payable - related parties, net of discount of 26,688 and 0 at january 31, 2026 and april 30, 2025, respectively | 1,561,244 | - | - | |
| Notes payable - related parties, net of discount of 1,432 and 0 at july 31, 2025 and april 30, 2025 | - | - | 7,996 | |
| Notes payable - related parties, net of discount of 1,070 and 0 at january 31, 2026 and april 30, 2025 | 8,358 | - | - | |
| Convertible notes payable | 59,951 | 1,463,856 | 113,671 | |
| Total liabilities | 7,337,580 | 6,991,250 | 7,357,501 | |
| Common stock 0.001 par value 50,000,000,000 shares authorized, 22,295,726,723 and 11,340,977,507 shares issued and outstanding at january 31, 2026 and april 30, 2025, respectively | 22,295,726 | 22,295,726 | 11,590,977 | |
| Preferred stock, value-Series APreferred Stock | 1 | 1 | 1 | |
| Preferred stock, value-Series BPreferred Stock | 2 | 2 | 2 | |
| Additional paid-in capital | 55,720,787 | 55,720,787 | 65,697,613 | |
| Non-controlling interest | 9,871 | 9,871 | 9,871 | |
| Accumulated deficit | -84,371,536 | -84,021,686 | -83,656,988 | |
| Total stockholders' deficit | -6,345,149 | -5,995,299 | -6,358,524 | |
| Total liabilities and stockholders' deficit | 992,431 | 995,951 | 998,977 | |
MMEX Resources Corp (MMEX)
MMEX Resources Corp (MMEX)