SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1996
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 for the transition period from __________________
to __________________
Commission File Number 0-24994
ALLMINE, INC.
(Exact Name of Registrant as specified in its Charter)
Nevada applied for
(State or other Jurisdiction of I.R.S. Employer Identi-
Incorporation or Organization fication No.)
Suite 1100, West 717 Sprague, Spokane, Washington 99204
(Address of Principal Executive Offices) (Zip Code)
(509) 747-6752
(Registrant's Telephone Number, including Area Code)
Indicate by check mark whether the Registrant (i) 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 (of for such shorter period that the
Registrant was required to file such reports) and (ii) has been subject to such
filing requirements for the past 90 days.
Yes X No
Indicate the number of shares outstanding of each of the issuer's
classes of Common Stock, as of the latest practicable date.
Common Stock, $.001 par value 222,817
- ---------------------------------- --------------------
Title of Class Number of Shares outstanding
at September 30, 1996
No Exhibits included.
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<CAPTION>
ALLMINE, INC.
(A Company in the Development Stage)
BALANCE SHEETS
ASSETS
December 31, September 30,
1995 1996
<S> <C> <C>
CURRENT ASSETS $ -- $ --
OTHER ASSETS - Organization costs, net of
accumulated amortization 64 58
$ 64 $ 58
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
CURRENT LIABILITIES $ -- $ --
STOCKHOLDERS' EQUITY
Preferred Stock, $.001 par value, 10,000,000 shares authorized, no shares
outstanding Common stock - authorized 50,000,000 shares $.001 par value,
issued and outstanding 222,817 shares 223 223
Additional paid in capital 26,284 26,284
Deficit accumulated during development stage (26,443) (26,449)
TOTAL STOCKHOLDERS' EQUITY (DEFICIENCY) 64 58
$ 64 $ 58
</TABLE>
See accompanying Notes to Financial Statements
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<CAPTION>
ALLMINE, INC.
(A Company in the Development Stage)
STATEMENTS OF OPERATIONS
CUMULATIVE
FOR THE NINE FOR THE NINE FOR THE THREE FOR THE THREE FROM INCEPTION
MONTHS ENDED MONTHS ENDED MONTHS ENDED MONTHS ENDED (AUGUST 2, 1993)
SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, TO
1995 1996 1995 1996 JUNE 30, 1996
---- ---- ---- ---- -------------
<S> <C> <C> <C> <C> <C> <C>
REVENUES $ $ $ -0- $ -0- $ -0-
COSTS AND EXPENSES 6 6 2 2 $ 26,286
NET LOSS ACCUMULATED DURING
THE DEVELOPMENT STAGE $ (6) $ (6) $ (2) $ (2) $ (26,286)
WEIGHTED AVERAGE NUMBER
OF SHARES OUTSTANDING 500,000 222,817 500,000 222,817
LOSS PER COMMON SHARE $ nil $ nil $ nil $ nil
</TABLE>
See accompanying Notes to Financial Statements
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<TABLE>
<CAPTION>
ALLMINE, INC.
(A Company in the Development Stage)
STATEMENTS OF CASH FLOWS
FOR THE NINE FOR THE NINE FOR THE THREE FOR THE THREE
MONTHS ENDED MONTHS ENDED MONTHS ENDED MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30,
1995 1996 1995 1996
---- ---- ---- ----
<S> <C> <C> <C> <C>
Cash Flows From Operating Activities
Net Loss (6) (6) (2) (2)
Adjustments - Amortization 6 6 2 2
CASH USED BY OPERATING ACTIVITIES -0- -0- -0- -0-
INCREASE IN CASH -0- -0- -0- -0-
CASH BALANCE - BEGINNING -0- -0- -0- -0-
CASH BALANCE - ENDING $ -0- $ -0- $ -0- $ -0-
</TABLE>
See accompanying Notes to Financial Statements
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ALLMINE, INC.
(A Company in the Development Stage)
NOTES TO CONDENSED FINANCIAL STATEMENTS
(UNAUDITED)
September 30, 1996
1. Comments
The accompanying financial statements are unaudited, but in the opinion
of the management of the Company, contain all adjustments, consisting of only
normal recurring accruals, necessary to present fairly the financial position at
September 30, 1996, the results of operations for the three and nine months
ended September 30, 1995 and 1996, and the cash flows for the three and nine
months ended September 30, 1995 and 1996. Certain information and footnote
disclosures normally included in financial statements that have been prepared in
accordance with generally accepted accounting principles have been condensed or
omitted pursuant to the rules and regulations of the Securities and Exchange
Commission, although management of the Company believes that the disclosures in
these financial statements are adequate to make the information presented
therein not misleading. For further information, refer to the financial
statements and footnotes thereto for the fiscal year ended December 31, 1995
included in the Company's Form 10-K.
The results of operations for the three and nine months ended September
30, 1996, are not necessarily indicative of the results of operations to be
expected for the full fiscal year ending December 31, 1996.
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND
FINANCIAL CONDITION
The Company has not commenced operations and has no working capital.
PART II. OTHER INFORMATION
Item 1. LEGAL PROCEEDINGS
None
Item 2. CHANGES IN SECURITIES
None
Item 3. DEFAULTS UPON SENIOR SECURITIES
None
Item 4. SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS
See Item 2.
Item 5. OTHER INFORMATION
None
Item 6. EXHIBITS AND REPORTS ON FORM 8-K
None
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: October 1, 1996 By: /s/ Terrence J. Dunne
-------------------------- ----------------------
Terrence J. Dunne
Secretary/Treasurer (chief financial officer
and accounting officer and duly authorized officer)
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