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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 10K
Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.
For the Quarter Ended DECEMBER 31, 2001
Commission File #07883
BAGDAD CHASE, INC.
===========================================================================
(Exact Name of Registrant as Specified in its Charter)
State of Incorporation: Nevada I.R.S. I.D. 95-236978
Address of Principal Executive Office: 359 San Miguel Dr., Suite 203
Newport Beach, CA 92660
Registrants Telephone Number including Area Code: (949) 644-4633
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: $1.00 par value
common stock. Currently not registered with any exchange.
Shares of common stock issued and outstanding on December 31, 2001:
1,689,921 Number of Shareholders: 582.
The registrant has filed all reports required to be filed by Section 13 or
15(d) of the Securities and Exchange Act of 1934 during the preceding
twelve months and has been subject to such filing requirements for the past
ninety (90) days. X Yes No
DOCUMENTS INCORPORATED BY REFERENCE: NONE
PART TWO
Current disclosure requirements covering the business, leases,
properties, legal proceedings and beneficial ownership.
1. Legal Proceedings:
None pending.
2. No Change in Securities:
(a) No increase in amount of securities
(b) No decrease in amount of securities
3. No Defaults in Senior Securities
4. Submission of Matters to a Vote of Security Holders: N/A
5. Other Material Events: The Castle Mountain joint venture referenced in
1st and 2nd and 3rd qrtr 10 Q reports continues production.
6. Exhibits and Reports on Form
(a) Not applicable
(b) Not applicable
7. Management's Discussion and Analysis of Financial Condition and
Results of Operations:
No effort was extended nor further funds expended on the Golden Anchor
property or the Stedman Mining District claims except for necessary claim
maintenance.
Viceroy Resources, holder of the lease agreement on the Oro Belle property
in the Castle Mountain District of Eastern San Bernardino County,
California, continues pouring of gold bars during the fourth 3 months of
2000 from its large production plant.
8. Statement of Compliance
The company is currently in compliance with electronic filing requirements.
Company has expended all the costs required to bring its internal computers
into conformance.
BAGDAD CHASE, INC.
COMPARATIVE STATEMENT OF FINANCIAL CONDITION
AS OF DECEMBER 31, 2000 AND 2001
Increase or
Quarter Ended DECEMBER 31 (Decrease)
---------------------------------------
2000 2001
Current Assets
Cash in Bank $ 674 $ 1,431 757
Other current assets
Marketable eqty securities 83,086 83,086 0
Allowance for cost (76,836) (76,836) 0
Total Other Current Assets 6,250 6,250 0
Total Current Assets 6,924 7,681 757
Fixed Assets
Field Equipment 9,495 9,495 0
Depreciation (9,495) (9,495) 0
Machinery & Equipment 2,178 2,178 0
Depreciation (2,178) (2,178) 0
Mine Development Cost 38,707 38,707 0
Non-producing Properties 20,833 20,833 0
Total Fixed Assets 59,540 59,540 0
TOTAL ASSETS 66,464 67,221 757
PLEASE SEE ACCOUNTANT'S LAST COMPILATION REPORT
BAGDAD CHASE, INC.
COMPARATIVE STATEMENT OF FINANCIAL CONDITION
AS OF DECEMBER 31, 2000 AND 2001
Increase or
Quarter Ended DECEMBER 31 (Decrease)
--------------------------------------
2000 2001
LIABILITIES AND CAPITAL
Current Liabilities
Accounts Payable $ 800 $ 800 0
Total Current Liabilities $ 800 $ 800 0
Long Term Liabilities $ 0 $ 0 0
TOTAL LIABILITIES $ 800 $ 800 0
CAPITAL
Common Stock @ $1 par
4,000,000 shs authorized;
1,698,921 issued and
Outstanding in '93/'94 1,689,921 1,689,921 0
Paid in Capital
(below par) (1,396,461)(1,396,461) 0
Accumulated Deficit (225,137) (225,137) 0
Retained Earnings ( 800 ) ( 1,059) (1,859)
Net Income (1,859) 757 2,617
Total Equity 67,264 68,021 757
TOTAL LIABILITIES
& CAPITAL 66,463 67,221 757
PLEASE SEE ACCOUNTANT'S LAST COMPILATION REPORT
BAGDAD CHASE, INC.
COMPARATIVE STATEMENT OF INCOME AND EXPENSE
FOR THE THREE MONTHS ENDED DECEMBER 31, 2000 AND 2001
(UNAUDITED)
Increase or
Quarter Ended DECEMBER 31 (Decrease)
------------------------------------
2000 2001
REVENUE $ 25,520 56,216 30,696
Less Operating Expense:
Recording Fees 0 24 24
Copies 0 10 10
Director's expense & travel 79 59 ( 20)
Agent Fee 210 810 600
Director's Fees 1,794 0 (1,794)
Assessments 4,000 13,823 9,823
Registration fee 600 0 (600)
Office Expense(Rent) 6,600 6,600 0
Professional Fees 4,117 8,824 4,707
Taxes 1,999 2,558 559
Licenses & Permits 496 120 (376)
Insurance 7,300 1,726 (5,574)
Filing Fees 134 0 (134)
Stock Repurchase 50 50 0
Popstage 0 9 9
Computer Repair 0 160 160
Loan Repaid 0 20,685 20,685
Miscellaneous 0 0 0
27,379 55,458 28,079
-----------------------------------
INCOME (LOSS) before
Income Tax provision (1,859) 757 2,616
Provision for Income Tax 0 0 0
NET INCOME (LOSS) (1,859) 757 2,616
-----------------------------------
PLEASE SEE ACCOUNTANT'S LAST COMPILATION REPORT
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10 Q
FOR THE QUARTER ENDING DECEMBER 31, 2001
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report, on its behalf by the
Undersigned, thereunto duly authorized.
BAGDAD CHASE, INC.
a Nevada corporation
/s/ Phillip J. Buller
----------------------------
PHILLIP J. BULLER, PRESIDENT
(SEAL)
/s/ George Rodda, Jr.
-----------------------------
GEORGE RODDA, JR., Secretary,
Chief Financial Officer