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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 STATEMENTS OF INCOME For the Three Months Ended July 31, 2011 and 2010 (Unaudited) (USD $)
3 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Royalty Revenue $ 1,215,131 $ 1,360,922
Operating Expense    
Professional fees 224,778 343,085
Salaries and benefits 243,585 165,947
General and administrative 191,570 84,057
Gold tax 60,757 70,594
Exploration 573,210 0
Research and development 85,615 106,026
Total Operating Expenses 1,379,515 769,709
Operating Income (Loss) (164,384) 591,213
Other Income (Expense)    
Interest income 1,103 1,065
Interest expense (7,295) 0
Gain on foreign exchange 236 0
Loss on sale of assets (23,662) 0
Loss from joint venture 0 (406,765)
Loss on investment 0 (1,500)
Total Other Income (Expense) (29,618) (407,200)
Net Income (Loss) Before Income Taxes (194,002) 184,013
Provision (Benefit) For Income Taxes 135,110 (15,381)
Net Income (Loss) (329,112) 199,394
Plus: Net Loss Attributable to Noncontrolling Interests 33,780 33,591
Net Income (Loss) Attributable to Bullion Stockholders (295,332) 232,985
Other Comprehensive Income (Loss)    
Foreign currency translation adjustment 89,296 0
Change in unrealized gain (loss) on marketable securities 25,098 (69,711)
Net Comprehensive Income (Loss) $ (180,938) $ 163,274
Net Income (Loss) Per Share - Basic and Diluted $ (0.01) $ 0.01
Weighted Average Shares Outstanding 43,504,093 38,645,221