OLENOX INDUSTRIES INC.
For the period ended Dec 31, 2025. Filed Jun 30, 2026.
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FY2025 · Filed Jun 30, 2026
OLOX$0.68-2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| As of December 31, | 2025 | 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $427,866 | $375,873 |
| Accounts receivable, net | 317,242 | 105,479 |
| Contract assets | - | 2,536 |
| Inventories | 329,978 | 471,468 |
| Prepaid expenses and other current assets | 383,439 | 204,596 |
| Total current assets | 1,458,525 | 1,159,952 |
| Non-current assets: | ||
| Oil and gas assets, full cost accounting, net | 4,004,589 | - |
| Property, plant and equipment, net | 4,730,505 | 3,965,426 |
| Project development costs and other non-current assets | 349,348 | 196,432 |
| Right-of-use asset, net | 309,013 | - |
| Intangible assets, net | 5,734,298 | 11,658 |
| Goodwill | 17,449,429 | - |
| Certificate of deposit, restricted | 2,000,000 | - |
| Investment in and advances to equity affiliates | - | 738,056 |
| Total non-current assets | 34,577,182 | 4,911,572 |
| Total Assets | $36,035,707 | $6,071,524 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $12,068,509 | $9,332,620 |
| Contract liabilities and deferred revenue | 924,076 | 596,082 |
| Lease liability, current maturities | 138,217 | 66,821 |
| Due to affiliates | 1,498,205 | 1,716,244 |
| Line of credit | 2,001,667 | - |
| Derivative liabilities | 70,802 | - |
| Convertible notes payable | 1,035,581 | - |
| Current portion of long-term notes payable | 4,866,664 | - |
| Short term notes payable, net | 3,204,175 | 2,098,381 |
| Total current liabilities | 25,807,896 | 13,810,148 |
| Long-term notes payable, net of current portion | 610,336 | 4,721,684 |
| Lease liability, net of current maturities | 179,649 | - |
| Asset retirement obligations | 1,848,080 | - |
| Total liabilities | 28,445,961 | 18,531,832 |
| Commitments and contingencies (Note 21) | ||
| Stockholders’ equity (deficit): | ||
| Series A Preferred stock, $1.00 par value, 5,405,010 shares authorized; 3,848,640 and 0 issued and outstanding at December 31, 2025 and 2024, respectively | 3,848,640 | - |
| Series B Preferred stock, $1.00 par value, 60,000 shares authorized; 2,084 and 0 issued, and outstanding at December 31, 2025 and 2024, respectively (liquidation value $2,084,000 and $0 as of December 31, 2025 and 2024, respectively) | 2,084 | - |
| Series C Preferred stock, $1.00 par value, 50,000 and 0 shares authorized; 4,500 and 0 issued and outstanding at December 31, 2025 and 2024, respectively | 4,500 | - |
| Series D Preferred stock, $0.001 par value, 50,000,000 and 0 shares authorized; 0 and 0 issued and outstanding at December 31, 2025 and 2024, respectively | - | - |
| Common stock, $0.01 par value, 3,000,000,000 shares authorized; 646,797 issued and 646,792 outstanding as of December 31, 2025 and 9,435 issued and 9,430 outstanding as of December 31, 2024. | 6,467 | 93 |
| Additional paid-in capital | 121,172,724 | 86,164,078 |
| Treasury stock, at cost 5 shares as of December 31, 2025 and 2024 | (92,396) | (92,396) |
| Accumulated deficit | (117,352,273) | (98,532,083) |
| Total Stockholders’ equity (deficit) | 7,589,746 | (12,460,308) |
| Total Liabilities and Stockholders’ Equity (Deficit) | $36,035,707 | $6,071,524 |
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