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ADMG Adamant DRI Processing and Minerals Group (CE)

0.112
0.00 (0.00%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Adamant DRI Processing and Minerals Group (CE) USOTC:ADMG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.112 0.00 01:00:00

- Quarterly Report of Financial Condition (10QSB)

24/10/2008 2:52pm

Edgar (US Regulatory)


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(X)  
Quarterly report under section 13 or 15(d) of the Securities Act of 1934.

For the quarterly period ended September 30, 2008

(  )         Transition report under section 13 or 15(d) of the Securities Act of 1934.

For the Transition period from _______ to ________.

Commission file number:    000-49729

UHF Incorporated
(Exact Name of Small Business Issuer as Specified in its Charter)


Michigan
38-1740889
(State or Other Jurisdiction of
(I.R.S. Employer
Incorporation or Organization)
Identification Number)
 
60 Port Perry Road
North Versailles, PA  15137
(Address of Principal Executive Offices)

(412) 394-4039
(Issuer’s Telephone Number, Including Area Code)

Check whether the issuer (1) 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 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes                    X ;                   No                             __

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes                    X ;                   No                             __

The number of shares of the issuer’s common stock outstanding, as of October 24, 2008 was 9,480,754.

Transitional Small Business Disclosure Format:                                                                                                           Yes             __            No            _X_
 
 
 
 

 
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting Company” in Rule 12b-2 of the Exchange Act.

(Check One)

Large Accelerated Filer ____
Accelerated Filer____
   
Non-accelerated Filer ____
Smaller reporting company      X_
 
(Do not check if a smaller reporting company)

 

 
 

 

PART I - FINANCIAL INFORMATION

ITEM I

UHF INCORPORATED

BALANCE SHEETS


ASSETS
             
   
September 30,
   
December 31,
 
   
2008
   
2007
 
   
(Unaudited)
       
             
CASH
  $ -     $ -  
                 
ORGANIZATION COST
    -       -  
                 
TOTAL ASSETS
  $ -     $ -  
                 
                 
LIABILITIES AND STOCKHOLDERS' DEFICIT
                 
                 
ACCRUED EXPENSES
  $ 17,500     $ 13,000  
                 
Total liabilities
    17,500       13,000  
                 
COMMITMENTS AND CONTINGENCIES
    -       -  
                 
STOCKHOLDERS' DEFICIT
               
Common stock, $.001 par value; 50,000,000 authorized
               
   shares, 9,480,754 issued and outstanding
    9,481       9,481  
                 
PAID IN CAPITAL
    (9,481 )     (9,481 )
                 
RETAINED DEFICIT
    (17,500 )     (13,000 )
                 
Total stockholders' deficit
    (17,500 )     (13,000 )
                 
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT
  $ -     $ -  
                 
 
 
The accompanying notes are an integral part of these financial statements.
 
 
 

 
UHF INCORPORATED

STATEMENTS OF OPERATIONS AND RETAINED DEFICIT

   
Three Month Period Ended
September 30,
   
Nine Month Period Ended
September 30,
 
   
2008
   
2007
   
2008
   
2007
 
                         
REVENUE
  $ -     $ -     $ -     $ -  
                                 
OPERATING EXPENSES
    1,500       -       4,500       -  
                                 
NET LOSS
    (1,500 )     -       (4,500 )     -  
                                 
Retained Deficit -
                               
Beginning of Year/Period
    (16,000 )     (11,500 )     (13,000 )     (11,500 )
                                 
RETAINED DEFICIT -
                               
END OF PERIOD
  $ (17,500 )   $ (11,500 )   $ (17,500 )   $ (11,500 )





The accompanying notes are an integral part of these financial statements.


 
 

 
 
UHF INCORPORATED

STATEMENTS OF CASH FLOWS

 
   
Nine Month Period Ended
September 30,
 
   
2008
   
2007
 
             
CASH FLOWS FROM OPERATING ACTIVITY - NONE
  $ -     $ -  
                 
CASH FLOW FROM INVESTING ACTIVITIES - NONE
    -       -  
                 
CASH FLOWS FROM FINANCING ACTIVITIES - NONE
    -       -  
                 
Net change in cash
    -       -  
                 
Cash - Beginning of Year
    -       -  
                 
CASH - END OF PERIOD
  $ -     $ -  

 

The accompanying notes are an integral part of these financial statements.


 
 

 
 
 
UHF INCORPORATED

NOTES TO FINANCIAL STATEMENTS

 
1.          UNAUDITED INTERIM FINANCIAL STATEMENTS

In the opinion of management, the accompanying unaudited financial statements contain all adjustments necessary to present fairly the Company’s financial position as of September 30, 2008 and the results of its operations and its cash flows for the three and nine month periods ended September 30, 2008 and 2007.

The quarterly financial statements are presented in accordance with the requirements of the Form 10-Q and do not include all of the disclosures required by accounting principles generally accepted in the United States of America.  For additional information, reference is made to the Company’s audited financial statements for the years ended December 31, 2007 and 2006 filed with Form 10-KSB/A-3.  The results of operations for the nine month period ended September 30, 2008 and 2007 are not necessarily indicative of operating results for the full year.





 
 

 


ITEM 4 T. Controls and Procedures

Disclosure Controls and Procedures

As of the end of the reporting period covered by this report, September 30, 2008, our Chief Executive Officer who also serves as our Chief Financial Officer carried out an evaluation of the effectiveness of our disclosure controls and procedures as defined in Securities Exchange Act Rule 13a-15(e).

Based upon that evaluation our management concluded that our disclosure controls and procedures were adequate and effective.

Changes in Internal Control Over Financial Reporting

During the most recent fiscal quarter, there were no changes in the Company’s internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13(a)-15 or 15d-15 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.


 

 
 
 

 


PART II:  OTHER INFORMATION


Item 6.                  Exhibits and Reports on Form 8-K

(a)  
   Exhibits.

Restated Articles of Incorporation and By-Laws, as amended to date, filed as Exhibit 2 to the Company’s Registration Statement on Form 10-SB, and incorporated herein by reference.

Exhibit 31.1 - Certification of President, Chief Executive Officer and Chief Financial Officer, filed herewith.

Exhibit 32.1 - Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes - Oxley Act of 2002, filed herewith.

 

 
 
 

 

SIGNATURE


Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


 
UHF INCORPORATED
 
(Registrant)
   
   
   
Date: October 24, 2008
By: /s/ Ronald C. Schmeiser
 
Ronald C. Schmeiser
 
President, Chief Executive
 
Officer and Chief Financial Officer

 
 
 

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