AGTX 10-K & 10-Q changes, risk factors and insider trading

For the year ended March 31, 2025,2026, we incurred total research and development expenses of $180,987$125,079 as compared to $175,268$180,987 for our year ended March 31, 2024,2025, ana increasedecrease of $5,719.$55,908. The increasedecrease was mainly related to an increase in R&D consultingconsulting, costs.offset by a decrease in supplies and materials and patent maintenance.

For the year ended March 31, 2025,2026, general and administrative expenses were $69,898$68,072 as compared to $346,543$69,898 for our year ended March 31, 2024,2025, a decrease of $276,645. The decrease was mainly related to a decrease in royalty fee we incurred related to patents in the prior period, compared to the prior period.$1,826.

For the year ended March 31, 20252026 and 2024,2025, interest expense, net was $42,669$80,106 and $21,034,$42,669, respectively. The net increase in interest expense related to our increase in loan activitybalances during the year ended March 31, 20252026 as compared to our year ended March 31, 2024.2025.

For the year ended March 31, 2025,2026, cash from financing was $100,00$110,450 versus $93,000$100,000 for our year ended March 31, 2024.2025. Cash from financings during the year ended March 31, 20252026 and 2025, respectively, consisted of $110,450 and $100,000 from loan proceeds received. Cash from financings during the year ended March 31, 2024 consisted of $163,000 from loan proceeds received offset by our payment of $70,000 on our loans.

Our consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in our consolidated financial statements for the year ended March 31, 2025,2026, we had an accumulated deficit,deficit of $7,007,164, we did not incur any revenue and we had a net loss along with negative cash generated from our operations. In addition, we owe our vendors and related parties $3,204,523$3,596,282 as of March 31, 2025.2026. Although, on January 15, 2023 and June 15, 2023, we entered into two separate Mezzanine Secured Note (“Notes”) in the principal amount up to $200,000 and $500,000, respectively, with Gray’s Peak Private Credit LLC (see Note 3 to the consolidated financial statements), the debt maturity of these Notes is short term. These factors raise substantial doubt about our ability to continue as a going concern.

In accordance with ASC 855, we have analyzed our operations subsequent to March 31, 20252026 through the date these financial statements were issued, and have determined that we don’tdo not have any other material subsequent events to disclose in these financial statements.

The following information should be read in conjunction with (i) the unaudited consolidated financial statements of Agentix Corp., a Nevada corporation (the “Company”), and development stage company, and the notes thereto appearing elsewhere in this Form 10-Q together withand (ii) the more detailed business information and theaudited March 31, 2025 auditedconsolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K (File No. 000-55383;for the “Formfiscal 10-K”),year asended filedMarch with31, the Securities and Exchange Commission.2026. Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute “forward-looking” statements.

Our unaudited consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and with the rules and regulations of the SEC applicable to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are,that, in the opinion of management, are necessary tofor a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with ourthe audited consolidated financial statements for the reporting period ended March 31, 2025 and notes thereto containedincluded in our Annual Report on Form 10-K.10-K for the fiscal year ended March 31, 2026.

Three Months Ended DecemberJune 31,30, 20252026 as compared to Three Months Ended DecemberJune 31,30, 20242025:

We recorded no revenuesrevenue during the three months ended DecemberJune 31,30, 20252026 and 2024.2025.

For the three months ended DecemberJune 31,30, 2025,2026, professional fees were $50,678 as$62,084 compared towith $56,632$82,625 for the three months ended DecemberJune 31,30, 2024,2025, a decrease of $5,954.$20,541. The increase in professional feesdecrease was mainlyprimarily due to higherlower accountingprofessional andservice consultingcosts fees.during the current period.

For the three months ended DecemberJune 31,30, 2025,2026, research and development expenses were $0,$16,635 compared towith $23,287$100,000 for the same period in 2024,2025, reflecting ana decrease of $23,287.$83,365. The decrease was mainly related to reducedlower R&Dresearch consultingand costs.development activity during the current period.

For the three months ended DecemberJune 31,30, 2025,2026, general and administrative expenses were $16,785 as compared towith $16,896$17,717 for the three months ended DecemberJune 31,30, 2024,2025, a slight decrease of $111.$932, Thereflecting decrease was primarily related toslightly lower software and other administrative costs.

ForThe theCompany threerecorded months ended December 31, 2025,no foreign exchange gain was $2,672 compared to aor loss of $35,784 for the three months ended DecemberJune 31,30, 2024,2026, compared with a $38,456foreign lessexchange favorablegain of $15,140 for the three months ended June 30, 2025, a $15,140 unfavorable variance due primarily to fluctuations in currency exchange rates.

For the ninethree months ended DecemberJune 31,30, 2025,2026, interest expense, net was $59,189 as$22,170 compared towith $28,774$21,226 for the ninethree months ended DecemberJune 31,30, 2024,2025, an increase of $30,415,$944 related to higher average debt balances and related financingaccrued costs.interest.

As a result, net loss for the ninethree months ended DecemberJune 31,30, 20252026 was $408,526, as$117,674 compared towith a net loss of $385,280$185,824 for the ninethree months ended DecemberJune 31,30, 2024.2025. Other comprehensive loss for the ninethree months ended DecemberJune 31,30, 20252026 included an unfavorable foreign currency translation adjustment of $14,775$608, (compared towith ana unfavorablefavorable $28,759adjustment inof $18,307 for the prior-year period),period, resulting in total comprehensive loss of $393,751$118,282 versusand $356,521$167,517, in the prior-year period.respectively.

Our unaudited consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates continuity of operations, realization of assets,assets and liquidation of liabilities in the normal course of business. As reflected in our unaudited consolidated financial statements for the ninethree months ended DecemberJune 31,30, 2025,2026, we had an accumulated deficit,deficit weof had$7,124,838, a net loss alongof with$117,674, negativenet cash generatedused fromin ouroperating operationsactivities andof we have a$26,372, negative working capital.capital Inof addition,$3,713,793, wecash oweof our vendors$38, and relatedtotal partiescurrent $3,504,397liabilities of $3,713,831 as of December 31, 2025. Although, on January 15, 2023 and June 15,30, 2023, we entered into two separate Mezzanine Secured Note (“Notes”) in the principal amount up to $200,000 and $500,000, respectively, with Gray’s Peak Private Credit LLC (see Note 3 to the unaudited consolidated financial statements), the debt maturity of these Notes is short term.2026. These factors raise substantial doubt about our ability to continue as a going concern.

In accordance with ASC 855, wethe haveCompany has analyzed ourits operations subsequent to DecemberJune 31,30, 20252026 through the date these financial statements were issued,issued and havehas determined that weit don’tdoes not have any other material subsequent events to disclose in these financial statements.