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EX-31 - 302 CERTIFICATION OF R. DON MORRIS - Bullion Monarch Mining, Inc. (NEW)ex311.htm
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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
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BULLION MONARCH MINING, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the Six Months Ended October 31, 2011 and 2010 (USD $)
6 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Cash Flows from Operating Activities:    
Net Income (Loss) $ (990,515) $ 765,797
Write down of mining property 1,365,879 0
Loss from joint venture 0 406,765
Loss on sale of assets 23,662 0
Depreciation 36,458 26,794
Amortization 15,625 15,625
Deferred income taxes (455,496) 3,645
Securities received in lieu of cash from revenues (20,000) (40,000)
Common stock issued for services 0 9,600
Decrease in royalties receivable 77,989 13,533
(Increase) in income tax receivable 0 (96,154)
(Increase) in prepaid expenses (100,622) (4,071)
Decrease in inventories 4,200 5,000
(Increase) in deposits 0 (12,080)
Decrease in employee advances 11,832 3,321
(Increase) in interest accrued on notes (2,146) (2,825)
Increase (decrease) in income taxes payable (128,246) 183,966
(Decrease) in accounts payable and other liabilities (98,593) (159,428)
Net cash from (used in) operating activities (259,973) 1,119,488
Cash Flows from Investing Activity:    
Purchase of property, plant, and equipment (21,957) (97,149)
Proceeds from sale of assets 119,499 0
Issuance of notes receivable 0 (183,000)
Purchase of interest in mineral rights 0 (108,000)
Funding of exploration of joint venture 0 (406,765)
Net cash used in investing activities 97,542 (794,914)
Cash Flows From Financing Activity:    
Purchase of treasury stock 0 (127,537)
Write off previously capitalized exchange fees 180,826 0
Net cash from (used in) financing activities 180,826 (127,537)
Effect of Rate Changes on Cash and Cash Equivalents (1,028) 0
Net Increase (Decrease) in Cash 17,367 197,037
Cash at Beginning of Period 570,551 459,505
Cash at End of Period 587,918 656,542
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for interest 0 0
Cash paid during the period for taxes $ 356,000 $ 66,000