10-Q 1 0001.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly report pursuant to Section 13 of 15(d) of the Securities Exchange Commission Act of 1934 For the quarterly period ended December 31, 1999 Commission File Number: 1-8187 MINERAL MOUNTAIN MINING & MILLING COMPANY (Exact name of registrant as specified in its charter) IDAHO 82-0144710 (State or other jurisdiction of (IRS Employer Incorporation or organization) Identification Number) 421 Coeur d' Alene Ave Ste. 3 Coeur d' Alene, Idaho (Address of Principal Executive Offices) 83814 (Zip Code) (208) 664-3544 (Registrant's telephone number, including area code) Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes () No (X ) The last Form 10-K filed by the company was the Form 10-K for the fiscal year ended March 31, 2000. The most recent 10-Q was for the quarter ended September 30, 1999. APPLICABLE ONLY TO CORPORATE ISSUERS Indicate the number of shares outstanding of each of the issuer's classes of common stock as of December 31, 1999: 3,078,049 MINERAL MOUNTAIN MINING & MILLING COMPANY Form 10Q For the quarterly period ended December 31, 1999 Part I Item 1. Statement of Financial Position as of December 31, 1999 and March 31, 1999 Statement of Operations for the Three and Nine Month Periods Ended December 31, 1999 and 1998 Statement of Changes in Stockholders' Equity for the Three Month Periods Ended December 31, 1999, and 1998 Statement of Cash flows for the Three and Nine Month Periods Ended December 31, 1999 and 1998 Notes to Financial Statements as of December 31, 1999 MINERAL MOUNTAIN MINING & MILLING COMPANY Statement of Financial Position as of December 31, 1999 and March 31, 1999 (UNAUDITED) Dec. 31, 1999 March 31, 1999 ------------- -------------- ASSETS ------ CURRENT ASSETS Cash in banks $ 15,617 $ 15,844 ------------- -------------- Total current assets 15,617 15,844 MINING PROPERTY 53,808 53,808 ------------- -------------- TOTAL ASSETS $ 69,425 $ 69,652 ============= ============== LIABILITIES AND STOCKHOLDERS' EQUITY ------------------------------------ CURRENT LIABILITIES Accounts payable To Officers and Directors $ 3,050 $ 1,662 ------------- -------------- TOTAL CURRENT LIABILTITES 3,050 1,662 SHAREHOLDERS' EQUITY Common stock, $.10 par value; 15,000,000 shares authorized; issued and outstanding, 3,078,049 shares 153,902 153,902 Additional paid-in capital 339,978 339,978 Accumulated deficit 427,505 (425,890) ------------- -------------- TOTAL SHAREHOLDER'S EQUITY 66,375 67,990 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 69,425 $ 69,652 ============= ============== Prepared by management. The accompanying notes are an integral part of these financial statements MINERAL MOUNTAIN MINING & MILLING COMPANY Statement of Operations for the Three and Nine Month Periods Ended December 31, 1999 and December 31, 1998 (UNAUDITED) Three Months Period Nine Months Period Dec. 31, Dec. 31, Dec. 31, Dec. 31, 1999 1998 1999 1998 ------- --------- -------- -------- REVENUES Interest Income $ 222 $ 242 $ 657 $ 719 -------- --------- -------- -------- OPERATING EXPENSES Accounting 235 705 119 Officers & Directors 150 600 Other professional services 276 500 276 1,500 Office expenses 98 800 193 703 Spokane Quotation fee 300 300 SEC Fees 46 162 46 Taxes 26 26 36 36 -------- --------- -------- -------- Total operating expenses 785 652 2,272 2,704 -------- --------- -------- -------- NET $ (563) $ (410) $ (1,615) $ (1,985) ======== ========== ======== ======== NET PER SHARE NIL NIL NIL NIL ======== ========== ======== ======== Prepared by management. The accompanying notes are an integral part of these financial statements. MINERAL MOUNTAIN MINING & MILLING COMPANY Statement of changes in Stockholders' Equity for the Three Months Ended December 31, 1998 and December 31, 1999 (UNAUDITED) Shares Amount Capital Deficit Total --------- ---------- --------- ---------- --------- Balances as of Sept. 30, 1998 3,078,049 $ 153,902 $ 339,978 $(423,642) $ 70,238 Net (loss) - - - (410) (410) --------- ---------- --------- ---------- --------- Balances as of Dec. 31, 1998 3,078,049 $ 153,902 $ 339,978 $(424,052) $ 69,828 ========= ========== ========= ========== ========== Balances as of Sept 30, 1999 3,078,049 $ 153,902 $ 339,978 $(426,942) $ 66,938 Net - - - (563) (563) --------- ---------- --------- ---------- --------- Balances as of Dec. 31, 1999 3,078,049 $ 153,902 $ 339,978 $(427,505) $ 66,375 ========= ========== ========= ========== ========== Prepared by management. The accompanying notes are an integral part of these financial statements. MINERAL MOUNTAIN MINING & MILLING COMPANY Statement of Cash Flows for the Three and Nine Month Periods Ended December 31, 1998 and December 31, 1999 (Unaudited) Three Months Period Nine Months Period Dec. 31, Dec. 31, Dec. 31, Dec. 31, 1999 1998 1999 1998 ------- --------- -------- -------- CASH FLOWs FROM OPERATING ACTIVITIES: Net (Loss) $ (563) $ ( 410) $ (1,615) $ (1,985) Increase (Decrease) in accounts payable 296 70 1,338 (473) Decrease in prepaids - 500 - 1,500 ------- --------- -------- -------- Net cash used from operating activities (267) 160 (227) (958) ------- --------- -------- -------- NET INCREASE (DECREASE) IN CASH (267) 160 (227) (958) ------- --------- -------- -------- CASH AT BEGINNING OF PERIOD 15,884 15,570 15,884 16,688 ------- --------- -------- -------- CASH AT END OF PERIOD $15,617 $ 15,730 $ 15,617 $ 15,730 ======== ========== ======== ======== Prepared by management. The accompanying notes are an integral part of these financial statements. MINERAL MOUNTAIN MINING & MILLING COMPANY Notes to Financial Statements as of December 31, 1999 (UNAUDITED) The financial statements of Mineral Mountain Mining & Milling Company included herein, have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Although certain information normally included in financial statements prepared in accordance with generally accepted accounting principles has been condensed or omitted, Mineral Mountain believes that the disclosures are adequate to make the information presented not misleading. The financial statements included herein reflect all normal recurring adjustments that, in the opinion of management, are necessary for a fair presentation. The results for interim periods are not necessarily indicative of trends or of results to be expected for a full year. ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION The Company presently has no revenues other than interest income. The Company's mineral interest consist of an ownership interest in a consolidated area consisting of portions of 13 patented mining claims situated in Shoshone County, Idaho. This area lies between two mining holdings owned by Sunshine Mining Company, the Consolidated Silver Property to the east and the Sunshine Mine operations to the west. MINERAL MOUNTAIN MINING & MILLING COMPANY PART II ITEM 1 LEGAL PROCEEDINGS NONE ITEM 2 CHANGES IN SECURITIES NONE ITEM 3 DEFAULTS UPON SENIOR SECURITES NONE ITEM 4 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS NONE ITEM 5 OTHER INFORMATION NONE ITEM 6 EXHIBITS AND REPORTS ON FORM 8-K NONE SIGNATURES Pursuant to the requirements of Section 13 of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Mineral Mountain Mining & Milling Company (Registrant) Dated: January 3, 2001 By /S/ Donald L. Hess ----------------- --------------------- Donald L. Hess Secretary-Treasurer Pursuant to the requirements of the Securities and Exchange act of 1934, the report has been signed below by the following person on behalf of the registrant and in the capacity and on the date indicated. Dated: January 3, 2001 By /S/ Donald L Hess ----------------- -------------------- Donald L. Hess Secretary-Treasurer