2020
2019
Current Assets
Cash $ 24,830
$ 4,433
Accounts receivable 56,775
56,525
Inventory (see Note 1) 270,194
305,691
Other current assets -
-
-------
-------
Total current assets 351,799
366,649
-------
-------
Mining Property
Real estate and property rights
net of depletion of $524,145 230,401
230,401
Mineral property 47,976
47,976
-------
-------
Total Mining Property (see Note 2) 278,377
278,377
-------
-------
Fixed Assets at Cost
Equipment 597,602
597,602
Buildings 209,487
209,487
Vehicles 168,925
168,925
---------
---------
Total fixed assets at cost 976,014
976,014
---------
---------
Less accumulated depreciation (930,402)
(927,961)
----------- -
----------
Net fixed assets 45,612
48,053
----------- -
----------
Other Assets
Bonds and misc. deposits 14,869
14,869
---------
-------
Total Assets $ 690,657
$ 707,948
==========
==========
?
Original sixteen to One Mine, Inc.
Condensed Balance Sheet Continued
LIABILITIES & STOCKHOLDERS' EQUITY
2020
2019
Current Liabilities
Accounts payable & accrued expenses (see Note 3)$ 1,237,392
1,342,718
Due to related party (see Note 4) 209,511
247,911
Notes payable Short-term (see Note 6) 538,558
538,558
--------
-------
Total Current Liabilities 1,985,461
2,129,187
--------
-------
Long Term Liabilities
Notes payable due after one year (see Note 7) 98,736
101,092
--------
-------
Total Liabilities 2,084,197
2,230,279
----------
---------
Stockholders' Equity
Capital stock, par value $.033:
30,000,000 shares authorized: 14,342,097
issued and outstanding as of Dec. 31, 2018
and as of March 31, 2019
(see Note 8) 474,891
474,891
Additional paid-in capital 2,222,892
2,221,290
(Accumulated deficit)
Retained earnings (4,091,323)
(4,218,512)
------------ -
----------
Total Stockholders' Equity (1,393,540)
(1,522,331)
------------ -
----------
Total Liabilities and Stockholders' Equity $ 690,657 $
707,948
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