UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OF 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 2000
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)
83814-2862
(Zip Code)
(208) 664-3544
(Registrant's Telephone Number, Including Area Code)
Indicate by check mark whether the Registrant (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 Form 10 Q for this period is being filed late
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, 2000:
3,078,049
MINERAL MOUNTAIN MINING & MILLING COMPANY
Form 10-Q
For the quarterly period ended December 31, 2000
PART I
ITEM 1 Statement of Financial Position as of
December 31, 2000 and March 31, 2000
Statement of Operations for the
Nine Month Periods Ended December 31, 2000 and 1999
Statement of Changes in Stockholders' Equity for the
Nine Month Periods Ended December 31, 2000 and 1999
Statement of Cash Flows for the
Nine Month Periods Ended December 31, 2000 and 1999
Notes to Financial Statements as of December 31, 2000
MINERAL MOUNTAIN MINING & MILLING COMPANY
Statement of Financial Position as f December 31, 2000 and March 31, 2000
(UNAUDITED)
ASSETS
------
Dec. 31, March 31,
2000 2000
------------ -------------
CURRENT ASSETS
Cash in banks $ 12,646 $ 13,864
Prepaid expenses 300 300
------------ -------------
Total current assets 12,946 14,164
MINING PROPERTY 53,808 53,808
------------ -------------
TOTAL ASSETS $ 66,754 $ 67,972
============= =============
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
CURRENT LIABILITIES
Accounts payable other $ - $ 360
Accounts payable to
Officers and Directors 1,200 1,200
------------ -------------
Total current liabilities 1,200 1,560
------------ -------------
STOCKHOLDERS' EQUITY
Common stock; $0.10 par value;
10,000,000 shares authorized;
3,078,049 shares issued and
outstanding 153,902 153,902
Additional paid-in capital 339,978 339,978
Accumulated deficit (428,326) (427,468)
------------ -------------
Total stockholders' equity 65,554 66,412
------------ -------------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $ 66,754 $ 67,972
============= =============
Prepared by management.
The accompanying notes are an integral part of these financial statements.
MINERAL MOUNTAIN MINING & MILLING COMPANY
Statement of Operations For the Nine Month Periods Ended December 31, 2000 and
December 31, 1999
(UNAUDITED)
Three Months Period Nine Months Period
----------------------- ----------------------
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2000 1999 2000 1999
--------- --------- --------- ---------
REVENUES
Interest Income $ 196 $ 200 $ 589 $ 435
--------- --------- --------- ---------
OPERATING EXPENSES
Accounting 1,243 235 1,243 470
Other professional services - 450 - 450
Office expenses 9 95 178 257
Spokane Quotation fee - - - 300
Taxes 26 - 26 10
--------- --------- --------- ---------
Total operating expenses 1,279 780 1,447 1,487
--------- --------- --------- ---------
NET (LOSS) $ (1,083) $ (580) $ (858) $ (1,052)
========== ============ ============ ==========
========= ========= ========= =========
NET (LOSS) 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 Month Periods Ended December 31, 2000 and December 31, 1999
(UNAUDITED)
Shares Amount Capital Deficit Total
--------- ---------- --------- ---------- ---------
Balances as of
September 30, 2000 3,078,049 $ 153,902 $339,978 $(427,243) $ 66,637
Net (Loss) - - - (1,083) (1,083)
--------- ---------- --------- ---------- ---------
Balances as of
December 31, 2000 3,078,049 $ 153,902 $ 339,978 $(428,326) $ 65,554
========= ========== ========= ========== =========
Balances as of
September 30, 1999 3,078,049 $ 153,902 $ 339,978 $(426,362) $ 67,518
Net (Loss) - - - (580) (580)
--------- ---------- --------- ---------- ---------
Balances as of
December 31, 1999 3,078,049 $ 153,902 $ 339,978 $(426,942) $ 66,938
========= ========== ========= ========== =========
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,
2000 and 1999
(UNAUDITED)
Three Months Period Nine Months Period
----------------------- ----------------------
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2000 1999 2000 1999
--------- --------- --------- ---------
CASH FLOWS FROM
OPERATING ACTIVITIES
Net (Loss) $ (1,083) $ (580) $ (858) $ (1,052)
Increase (decrease)
in accounts payable (359) 691 (548) 1,092
--------- --------- --------- ---------
Net cash provided by
operating activities (1,442) 111 (1,406) 40
--------- --------- --------- ---------
NET INCREASE (DECREASE) IN CASH (1,442) 111 (1,406) 40
CASH AT BEGINNING OF PERIOD 14,088 15,773 14,052 15,844
--------- --------- --------- ---------
CASH AT END OF PERIOD $ 12,646 $ 15,884 $ 12,646 $ 15,884
========= ========= ========= =========
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, 2000
(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. These financial statements should be read in conjunction with the
financial statements and notes thereto included in Mineral Mountain's annual
report on Form 10-k for the fiscal year ended March 31, 2000.
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.
MINERAL MOUNTAIN MINING & MILLING COMPANY
Form 10-Q
For the quarterly period ended December 31, 2000
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 property consists 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.
Sunshine Mining Company closed the Sunshine mine in February 2001
PART II
ITEM 1 LEGAL PROCEEDINGS
NONE
ITEM 2 CHANGES IN SECURITIES
NONE
ITEM 3 DEFAULTS UPON SENIOR SECURITIES
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
MINERAL MOUNTAIN MINING & MILLING COMPANY
Form 10-Q
For the quarterly period ended December 31, 2000
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: March 15, 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: March 15, 2001 By /S/ DONALD L HESS
------------------------------------
Donald L. Hess
Secretary - Treasurer