UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
10-Q QUARTERLY REPORT PURSUANT TO SECTION10-QSB
Quarterly Report Pursuant to Section 13
OF 15(D) OF THE SECURITIES EXCHANGE ACT OFor 15(d) ofthe Securities Exchange Act of 1934
For the quarterly period ended
December 31, 2000June 30, 2002
Commission file number 1-8187
MINERAL MOUNTAIN MINING & MILLING COMPANY
(Exact(Exact name of registrant as specified in its charter)
IDAHO
82-0144710
(State(State or other jurisdiction of
(IRS(IRS Employer
incorporation or organization)
Identification Number)
421
410 Sherman Ave Suite 203
Coeur
d'Alene Ave. - Ste 3 Coeur d'Alene,d’Alene, Idaho(Address(Address of principal executive offices)
83814-2862 (Zip
83814
(Zip Code)
(208) 664-3544
(Registrant's(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
Yes_____X_____
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'sissuer’s classes of common stock as of December 31,2000:2001:
3,078,049
shares of 5 cent par value per share
Transitional small business disclosure format (check one): Yes( )
No(x)
MINERAL MOUNTAIN MINING & MILLING COMPANY
Form
10-Q10-QSBFor the quarterly period ended
December 31, 2000June 30, 2002
PART
I ITEM 1 StatementI.FINANCIAL INFORMATION
The Registrant falls within the provisions 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, 2000MINERAL 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 regulationsRule 13a-13 (c) (2) of the SecuritiesandExchangeCommission. 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 presentedAct of 1934, as amended, as an exploration stage mining company notmisleading. 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 theopinion of management, are necessary for a fair presentation. The results for interim periods are not necessarily indicative of trends or of resultsproduction stage and claims exemption thereunder from the requirement tobe expected for a full year.MINERAL MOUNTAIN MINING & MILLING COMPANY Form 10-Q For the quarterly period ended December 31, 2000file Part I.
PART II
OTHER INFORMATION
ITEM 1
LEGAL PROCEEDINGS
NONE
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 2CHANGES 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 REQUIRED
ITEM 6
EXHIBITS AND REPORTS ON FORM 8-K
NONE
REQUIRED
MINERAL MOUNTAIN MINING & MILLING COMPANY
Form
10-Q10-QSBFor the quarterly period ended
December 31, 2000June 30, 2002
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, 2001July 16, 2002By
/S//S/ DONALD L
HESS ------------------------------------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, 2001July 16, 2002By
/S//S/ DONALD L
HESS ------------------------------------HESS________________Donald L. Hess
Secretary - Treasurer