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 September 30, 2000
Commission file number 001-08187
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
APPLICABLE ONLY TO CORPORATE ISSUERS
Indicate the number of shares outstanding of each of the issuer's classes of
common stock as of September 30, 2000: 3,078,049
MINERAL MOUNTAIN MINING & MILLING COMPANY
Form 10-Q
For the quarterly period ended September 30, 2000
PART I
ITEM 1 Statement of Financial Position as of
September 30, 2000 and March 31, 2000
Statement of Operations for the
Six Month Periods Ended September 30, 2000 and 1999
Statement of Changes in Stockholders' Equity for the
Six Month Periods Ended September 30, 2000 and 1999
Statement of Cash Flows for the
Six Month Periods Ended September 30, 2000 and 1999
Notes to Financial Statements as of September 30, 2000
MINERAL MOUNTAIN MINING & MILLING COMPANY
Statement of Financial Position as of September 30, 2000 and March 31, 2000
(UNAUDITED)
ASSETS
------
Sept. 30, March 31,
2000 2000
------------ -------------
CURRENT ASSETS
Cash in banks $ 14,088 $ 13,864
Prepaids 300 300
------------ -------------
Total current assets 14,388 14,164
MINING PROPERTY 53,808 53,808
------------ -------------
TOTAL ASSETS $ 68,196 $ 67,672
============ =============
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
CURRENT LIABILITIES
Accounts payable to
Officers and Directors $ 1,560 $ 1,560
------------ -------------
Total current liabilities 1,560 1,560
------------ -------------
STOCKHOLDERS' EQUITY
Common stock; $0.10 par value;
15,000,000 shares authorized;
3,078,049 shares issued and
outstanding 153,902 153,902
Additional paid-in capital 339,978 339,978
Accumulated deficit (427,244) (427,468)
------------ -------------
Total stockholders' equity 66,636 66,412
------------ -------------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $ 68,196 $ 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 Six Month Periods Ended September 30, 2000 and
September 30, 1999
(UNAUDITED)
Three Months Period Six Months Period
----------------------- ----------------------
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2000 1999 2000 1999
--------- --------- --------- ---------
REVENUES
Interest Income $ 196 $ 200 $ 393 $ 435
--------- --------- --------- ---------
OPERATING EXPENSES
Accounting - 235 - 470
Other professional services 151 450 151 450
Office expenses 9 95 18 257
Spokane Quotation fee - - - 300
Taxes - - - 10
--------- --------- --------- ---------
Total operating expenses 160 780 169 1,487
--------- --------- --------- ---------
NET GAIN (LOSS) $ 36 $ (580) $ 224 $ (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 September 30, 2000 and September 30, 1999
(UNAUDITED)
Shares Amount Capital Deficit Total
--------- ---------- --------- ---------- ---------
Balances as of
June 30, 2000 3,078,049 $ 153,902 $ 339,978 $ (427,280) $ 66,600
Net Gain 36 36
--------- ---------- --------- ---------- ---------
Balances as of
September 30, 2000 3,078,049 $ 153,902 $ 339,978 $ (427,244) $ 66,636
========= ========== ========= ========== =========
Shares Amount Capital Deficit Total
--------- ---------- --------- ---------- ---------
Balances as of
June 30, 1999 3,078,049 $ 153,902 $ 339,978 $ (426,362) $ 67,518
Net (Loss) (580) (580)
--------- ---------- --------- ---------- ---------
Balances as of
September 30, 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 Six Month Periods Ended September 30,
2000 and 1999
(UNAUDITED)
Three Months Period Six Months Period
----------------------- ----------------------
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2000 1999 2000 1999
--------- --------- --------- ---------
CASH FLOWS FROM OPERATING
ACTIVITIES
Net income (Loss) $ 36 $ (580) $ 224 $ (1,052)
Increase (decrease) in
accounts payable - 691 - 1,092
Decrease in prepaids - - - -
--------- --------- --------- ---------
Net cash provided by
operating activities 36 111 224 40
--------- --------- --------- ---------
NET INCREASE IN CASH 36 111 224 40
CASH AT BEGINNING OF PERIOD 14,052 15,773 13,864 15,844
--------- --------- --------- ---------
CASH AT END OF PERIOD $ 14,088 $ 15,884 $ 14,088 $ 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 September 30, 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 September 30, 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
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: February 23, 2001 By /S/ DONALD L HESS
------------------------------------
Donald L. Hess
Secretary - Treasurer