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EX-31 - 302 CERTIFICATION OF R. DON MORRIS - Bullion Monarch Mining, Inc. (NEW)ex311.htm
EXCEL - IDEA: XBRL DOCUMENT - Bullion Monarch Mining, Inc. (NEW)Financial_Report.xls
10-Q - QUARTERLY REPORT ON FORM 10Q FOR THE QUARTER ENDED OCTOBER 31, 2011 - Bullion Monarch Mining, Inc. (NEW)f10q2ndqtr2012121511fsv5redl.htm
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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
v2.4.0.6
BULLION MONARCH MINING, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS October 31, 2011 and April 30, 2011 (USD $)
Oct. 31, 2011
Apr. 30, 2011
Cash and cash equivalents $ 587,918 $ 570,551
Royalty receivables 449,970 527,959
Prepaid expenses 174,860 74,237
Inventories 66,590 70,790
Deposits 13,080 13,080
Employee advances 5,375 17,207
Notes receivable, current 108,267 0
Payroll tax receivable 476 476
Total current assets 1,406,536 1,274,300
Property, Plant, and Equipment, net 2,567,622 2,740,908
Mining properties, at cost 3,826,713 5,342,665
Notes receivable 0 106,121
Oil shale leases 9,669 9,669
Interest in mineral rights 54,638 58,459
Other investments 220,992 168,965
Deferred tax asset 807,912 371,801
Patent, net 320,313 335,938
Other 10,000 190,826
Total other assets 5,250,237 6,584,444
Total assets 9,224,395 10,599,652
Accounts payable 337,481 369,947
Leases payable 58,742 87,493
Income taxes payable 0 128,246
Due to shareholders 247,750 254,176
Total current liabilities 643,973 839,862
Long-Term Liability 0 0
Total liabilities 643,973 839,862
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; 39,208,210 issued and 39,074,755 outstanding as of October 31, 2011; 43,637,548 issued and 43,504,093 outstanding as of April 30, 2011 39,208 43,638
Additional paid-in capital 4,654,693 4,650,263
Less treasury stock (104,309) (104,309)
Accumulated other comprehensive loss 6,826 (5,816)
Cumulative translation adjustment (19,011) 182,483
Retained earnings since September 27, 2006 ($3,632,043 accumulated deficit eliminated) 4,668,761 5,593,529
Total Bullion stockholders' equity 9,246,168 10,359,788
Noncontrolling interests (665,746) (599,998)
Total stockholders' equity 8,580,422 9,759,790
Total liabilities and stockholders' equity $ 9,224,395 $ 10,599,652