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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, 2004
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, 2004:
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.
8. Statement of Compliance
The company continues efforts to remain 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, 2004 AND 2003
Increase or
Quarter Ended DECEMBER 31 (Decrease)
---------------------------------------
2004 2003
Current Assets
Cash in Bank $ 905 $ 4,013 (3,108)
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 7,155 10,263 (3,108)
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 66,695 69,803 (3,108)
PLEASE SEE ACCOUNTANT'S LAST COMPILATION REPORT
BAGDAD CHASE, INC.
COMPARATIVE STATEMENT OF FINANCIAL CONDITION
AS OF DECEMBER 31, 2004 AND 2003
Increase or
Quarter Ended DECEMBER 31 (Decrease)
--------------------------------------
2004 2003
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 (230,468) (230,468) 0
Retained Earnings 7,610 5,999 2,165
Net Income (3,108) 1,611 (4,719)
Total Equity 67,495 70,603 (3,108)
TOTAL LIABILITIES
& CAPITAL 66,695 69,803 (3,108)
PLEASE SEE ACCOUNTANT'S LAST COMPILATION REPORT
BAGDAD CHASE, INC.
COMPARATIVE STATEMENT OF INCOME AND EXPENSE
FOR THE THREE MONTHS ENDED DECEMBER 31, 2004 AND 2003
(UNAUDITED)
Increase or
Quarter Ended DECEMBER 31 (Decrease)
------------------------------------
2004 2003
REVENUE $ 56,164 50,249 5,915
Loan 1,000 0 1,000
Less Operating Expense:
Shareholder List 0 0 0
Recording Fees 0 0 0
Copies 0 0 0
Director's expense & travel 0 0 0
Agent Fee 0 810 (810)
Director's Fees 1,600 400 1,200
Assessments 31,375 26,580 4,795
Registration fee 0 0 0
Office Expense(Rent) 6,600 6,600 0
Professional Fees 10,239 8,937 1,302
Taxes 4,533 4,603 (70)
Licenses & Permits 347 334 13
Insurance 1,707 0 1,707
Filing Fees 25 50 (25)
Stock Repurchase 0 0 0
Popstage 0 0 0
Computer Repair 0 200 (200)
Loan Repaid 2,600 0 2,600
Bank Service Charge 129 123 6
Miscellaneous 110 0 110
59,272 48,638 10,634
-----------------------------------
INCOME (LOSS) before
Income Tax provision (3,108) 1,611 (4,719)
Provision for Income Tax 0 0 0
NET INCOME (LOSS) (3,108) 1,611 (4,719)
-----------------------------------
PLEASE SEE ACCOUNTANT'S LAST COMPILATION REPORT
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10 Q
FOR THE QUARTER ENDING DECEMBER 31, 2004
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