Agentix Corp. 10-Q: Assets $40M, Liabilities $433K

TL;DR

Agentix Corp. 10-Q: $40M assets, $433K liabilities as of Sep 30, 2024. Big event Oct 8.

AI Summary

Agentix Corp. filed its 10-Q for the period ending September 30, 2024. The company reported total assets of $40,066,951 and total liabilities of $433,497. A significant subsequent event occurred on October 8, 2024, related to GraysPeak. The company's fiscal year ends on March 31.

Why It Matters

This filing provides a snapshot of Agentix Corp.'s financial health as of Q3 2024, including its asset and liability position, which is crucial for investors and creditors to assess solvency and operational status.

Risk Assessment

Risk Level: medium — The filing indicates a significant subsequent event and provides financial figures that require further analysis to determine the company's overall financial stability and future prospects.

Key Numbers

• $40.07B — Total Assets (As of September 30, 2024)
• $0.43B — Total Liabilities (As of September 30, 2024)
• 2024-09-30 — Reporting Period End Date (Quarterly financial snapshot)
• 2024-10-08 — Subsequent Event Date (Significant event after reporting period)
• 0331 — Fiscal Year End (Annual financial cycle)

Key Players & Entities

• Agentix Corp. (company) — Filer
• 2024-09-30 (date) — Period of report
• $40,066,951 (dollar_amount) — Total assets
• $433,497 (dollar_amount) — Total liabilities
• 2024-10-08 (date) — Subsequent event date
• GraysPeak (company) — Related to subsequent event

FAQ

Key Financial Figures

• $0.001 — were 40,066,951 shares of common stock, $0.001 par value per share, outstanding. AGEN
• $844,001 — 024 and March 31, 2024, $ 1,015,405 and $844,001 were included in Accounts payable – rel

Filing Documents

• agtx_10q.htm (10-Q) — 432KB
• agtx_ex311.htm (EX-31.1) — 13KB
• agtx_ex312.htm (EX-31.2) — 10KB
• agtx_ex321.htm (EX-32.1) — 4KB
• 0001477932-24-007361.txt ( ) — 1732KB
• agtx-20240930.xsd (EX-101.SCH) — 17KB
• agtx-20240930_lab.xml (EX-101.LAB) — 112KB
• agtx-20240930_cal.xml (EX-101.CAL) — 26KB
• agtx-20240930_pre.xml (EX-101.PRE) — 87KB
• agtx-20240930_def.xml (EX-101.DEF) — 34KB
• agtx_10q_htm.xml (XML) — 134KB

Financial Information

Part I. Financial Information Item 1.

Financial Statements

Financial Statements F-1 Consolidated Balance Sheets at September 30, 2024 (Unaudited) and March 31, 2024 (Audited). F-1 Unaudited Consolidated Statement of Operations for the three and six months ended September 30, 2024 and 2023. F-2 Unaudited Consolidated Statement of Changes in Stockholders' Deficit for the six months ended September 30, 2024 and 2023. F-3 Unaudited Consolidated Statement of Cash Flows for the six months ended September 30, 2024 and 2023. F-4

Notes to Financial Statements (Unaudited)

Notes to Financial Statements (Unaudited). F-5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 4 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 7 Item 4.

Controls and Procedures

Controls and Procedures. 7

Other Information

Part II. Other Information Item 1. Legal Proceedings. 8 Item 1A.

Risk Factors

Risk Factors 8 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 8 Item 3. Defaults Upon Senior Securities. 8 Item 4. Mine Safety Disclosures. 8 Item 5. Other Information. 8 Item 6. Exhibits. 9

Signatures

Signatures 10 2 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q of Agentix Corp., a Nevada corporation (the "Company"), contains "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: the Company's need for and ability to obtain additional financing, product demand, market and customer acceptance, competition, public health crises, pricing and development difficulties, as well as general industry and market conditions and growth rates, general economic conditions, and other factors over which we have little or no control; and other factors discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). Our management has included projections and estimates in this Form 10-Q, which are based primarily on management's experience in the industry, assessments of our results of operations, di

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS. Agentix Corp. and Subsidiaries Consolidated Balance Sheets September 30, 2024 March 31, 2024 (Unaudited) Assets Current Assets Cash $ 6,345 $ 6,535 Prepaid expense and other current assets 163,615 99,837 Total current assets 169,960 106,372 Total assets $ 169,960 $ 106,372 Liabilities and Stockholders' Deficit Current Liabilities Accounts payable $ 1,127,877 $ 961,661 Accounts payable - related parties 1,667,691 1,538,118 Note payable - related party 173,000 143,000 Accrued expenses 38,168 23,815 Total current liabilities 3,006,736 2,666,594 Long Term Liabilities - - Total liabilities 3,006,736 2,666,594 Commitments and Contingencies - - Stockholders' Deficit Common stock par value $ 0.001 : 50,000,000 shares authorized; 40,066,951 shares issued and outstanding as of September 30, 2024 and March 31, 2024, respectively 40,067 40,067 Common stock to be issued ( 357,102 at September 30, 2024 and March 31, 2024, respectively) 53,535 53,535 Additional paid-in capital 3,288,296 3,288,296 Accumulated other comprehensive (loss) income ( 22,808 ) 12,360 Accumulated deficit ( 6,195,866 ) ( 5,954,480 ) Total stockholders' deficit ( 2,836,776 ) ( 2,560,222 ) Total liabilities and stockholders' deficit $ 169,960 $ 106,372 See accompanying notes to the unaudited consolidated financial statements. F- 1 Table of Contents Agentix Corp. and Subsidiaries Unaudited Consolidated Statement of Operations Three Months Three Months Six Months Six Months Ended Ended Ended Ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Operating Expenses Professional fees $ 64,310 $ 122,181 $ 141,310 $ 237,307 Research and development 11,850 58,366 67,351 216,548 General and administrative expenses 16,850 172,608 35,654 300,435 Total operating expense

View Full Filing

View this 10-Q filing on SEC EDGAR