Back to GetFilings.com
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 10Q
Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.
For the Quarter Ended June 30, 2002
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 June 30, 2002:
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 the 1st and 2nd qrtr 10 Q reports continues production. No gold was sold
during this reporting quarter.
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 third 3 months of 2002 from its
large production plant.
BAGDAD CHASE, INC.
COMPARATIVE STATEMENT OF FINANCIAL CONDITION
AS OF JUNE 30, 2002 AND 2001
Increase or
Quarter Ended June 30 (Decrease)
---------------------------------------
2002 2001
Current Assets
Cash in Bank $ 9,038 $ 6,639 2,399
Marketable Securities 83,086 83,086 0
Allowance for Cost (76,836) (76,836) 0
Income tax receivable 0 0 0
Total Current Assets 15,288 12,889 2,399
Fixed Assets
Field Equipment after
Depreciation 0 0 0
Machinery after
Depreciation 0 0 0
Mine Development Cost 38,707 38,707 0
Total Non-producing
Mining Properties 20,833 20,833 0
Total Fixed Assets 59,540 59,540 0
TOTAL ASSETS 74,828 72,429 2,399
PLEASE SEE ACCOUNTANT'S LAST COMPILATION REPORT
BAGDAD CHASE, INC.
COMPARATIVE STATEMENT OF FINANCIAL CONDITION
AS OF JUNE 30, 2002 AND 2001
Increase or
Quarter Ended June 30 (Decrease)
--------------------------------------
2002 2001
LIABILITIES AND CAPITAL
Current Liabilities
Accounts Payable $ 0 $ 0 0
Total Current Liabilities $ 0 $ 0 0
Long Term Liabilities $ 0 $ 0 0
Deferred Income Taxes $ 0 $ 0 0
TOTAL LIABILITIES $ 0 $ 0 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 (230,468) (230,468) 0
Retained Earnings 3,834 3,076 758
Net Income 8,802 7,160 1,642
TOTAL LIABILITIES
& CAPITAL 74,828 72,429 2,399
PLEASE SEE ACCOUNTANT'S LAST COMPILATION REPORT
BAGDAD CHASE, INC.
COMPARATIVE STATEMENT OF INCOME AND EXPENSE
FOR THE THREE MONTHS ENDED JUNE 30, 2002 AND 2001
(UNAUDITED)
Increase or
Quarter Ended June 30 (Decrease)
------------------------------------
2002 2001
REVENUE $ 0 7,930 (7,930)
Less Operating Expense:
Administration & Travel 0 0 0
Director's Fees 0 0 0
Golden Anchor Costs 0 0 0
Stedman Placer Costs 0 0 0
Miscellaneous 62 59 3
Office Expense 1,650 1,650 0
Insurance 2,065 0 2,065
Leasehold Rent 0 0 0
Professional Fees 650 650 0
Taxes & Licenses 1,300 242 1,058
Telephone 0 0 0
Filing Fees 0 0 0
TOTAL 5,727 2,601 3,126
--------------------------------
INCOME (LOSS) before
Income Tax provision (5,727) 5,329 (11,056)
Provision for Income Tax 0 0 0
NET INCOME (LOSS) (5,727) 5,329 (11,056)
--------------------------------
PLEASE SEE ACCOUNTANT'S LAST COMPILATION REPORT
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10 Q
FOR THE QUARTER ENDING JUNE 30, 2002
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