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EXCEL - IDEA: XBRL DOCUMENT - Bullion Monarch Mining, Inc. (NEW)Financial_Report.xls
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EX-32 - 906 CERTIFICATION - Bullion Monarch Mining, Inc. (NEW)ex32.htm
EX-31 - 302 CERTIFICATION OF PHILIP MANNING - Bullion Monarch Mining, Inc. (NEW)ex312.htm
EX-31 - 302 CERTIFICATION OF R. DON MORRIS - Bullion Monarch Mining, Inc. (NEW)ex311.htm
10-Q - QUARTERLY REPORT ON FORM 10Q FOR THE QUARTER ENDED JULY 31, 2011 - Bullion Monarch Mining, Inc. (NEW)f10q1stqtr2012091311v12.htm
v2.3.0.11
BULLION MONARCH MINING, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS July 31, 2011 and April 30, 2011 (USD $)
Jul. 31, 2011
Apr. 30, 2011
Current Assets    
Cash and cash equivalents $ 412,858 $ 570,551
Royalty receivables 513,052 527,959
Prepaid expenses 48,924 74,237
Inventories 68,690 70,790
Deposits 13,080 13,080
Employee advances 14,392 17,207
Payroll tax receivable 476 476
Total current assets 1,071,472 1,274,300
Property, Plant, and Equipment, net 2,585,522 2,740,908
Other Assets    
Mining properties, at cost 5,442,712 5,342,665
Notes receivable 107,183 106,121
Oil shale leases 9,669 9,669
Interest in mineral rights 59,613 58,459
Other investments 208,965 168,965
Deferred tax asset 343,375 371,801
Patent, net 328,125 335,938
Other 190,826 190,826
Total other assets 6,690,468 6,584,444
Total assets 10,347,462 10,599,652
Current Liabilities    
Accounts payable 401,428 369,947
Leases payable 82,584 87,493
Income taxes payable 53,832 128,246
Due to shareholders 264,549 254,176
Total current liabilities 802,393 839,862
Long-Term Liability 0 0
Total liabilities 802,393 839,862
Stockholders' Equity    
Preferred stock - par value $0.001, 10,000,000 shares authorized No shares issued and outstanding 0 0
Common stock - par value $0.001, 100,000,000 shares authorized; 43,637,548 issued and 43,504,093 outstanding as of July 31, 2011 and April 30, 2011 43,638 43,638
Additional paid-in capital 4,650,263 4,650,263
Less treasury stock (104,309) (104,309)
Accumulated other comprehensive loss 19,279 (5,816)
Cumulative translation adjustment 271,779 182,483
Retained earnings since September 27, 2006 ($3,632,043 accumulated deficit eliminated) 5,298,197 5,593,529
Total Bullion stockholders' equity 10,178,847 10,359,788
Noncontrolling interests (633,778) (599,998)
Total stockholders' equity 9,545,069 9,759,790
Total liabilities and stockholders' equity $ 10,347,462 $ 10,599,652