-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IAmetakkaiJ9pG6FgqI9pm83jpjX72nUjAuQD5KO1UhWZcH0XmFKMUlZgPlZLMU+ 5zk2LhNQd5uzf2Nqf8HbRQ== 0001004522-97-000004.txt : 19970115 0001004522-97-000004.hdr.sgml : 19970115 ACCESSION NUMBER: 0001004522-97-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970113 ITEM INFORMATION: Other events FILED AS OF DATE: 19970114 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MPM TECHNOLOGIES INC CENTRAL INDEX KEY: 0000799268 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 810436060 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14910 FILM NUMBER: 97505193 BUSINESS ADDRESS: STREET 1: 222 W MISSION AVE STREET 2: STE 30 CITY: SPOKANE STATE: WA ZIP: 99201 BUSINESS PHONE: 5093263443 MAIL ADDRESS: STREET 1: 908 N HOWARD SUITE 100 STREET 2: 908 N HOWARD SUITE 100 CITY: SPOKANE STATE: WA ZIP: 99201 FORMER COMPANY: FORMER CONFORMED NAME: MONTANA PRECISION MINING LTD DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 13,1997 MPM Technologies, Inc. (Exact Name of registrant as specified in its charter) Washington 0-14910 81-0436060 - ---------------- ------------------- ----------------- State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 222 W. Mission Ave., Suite 30, Spokane, WA 99201 - ------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number including area code (509) 326 3443 (Former name or address, if changed since last report) ITEM 1. CHANGES IN CONTROL OF REGISTRANT ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS ITEM 3. BANKRUPTCY OR RECEIVERSHIP ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS ITEM 5. OTHER EVENTS The company announced that it is in compliance with the alternative to the minimum bid of $1.00 required by NASDAQ. As of December 31, 1996, the Market Value of the Public Float being $4,704,603 and Capital and Surplus being $2,832,968. The increase in Capital and Surplus is attributed to the purchase of 15% interest in the Skygas venture for 1,200,000 shares of common stock valued at $1,200,000. ITEM 6. RESIGNATION OF A REGISTRANT'S DIRECTOR ITEM 7. FINANCIAL STATEMENTS. PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a). Financial Statements of business acquired (b). Pro forms financial information (c). Exhibits
MPM TECHNOLOGIES, INC. Consolidated Balance Sheet As Of AND SUBSIDIARIES December 31, 1996, And December (A Development Stage Company) 31, 1995 Spokane, Washington UNAUDITED ASSETS DECEMBER DECEMBER 31, 1996 31, 1995 ----------------- ----------------- CURRENT ASSETS: Cash (Note 2) $ 40,566 $ 138,675 Prepaid Insurance 0 6,094 Receivables 37,017 25,440 ----------------- ----------------- Total Current Assets 77,583 170,209 ----------------- ----------------- PROPERTY, PLANT & EQUIPMENT (Note 2): Land 70,000 70,000 Mining Claims (Note 3) 48,600 48,600 Mining Leases (Note 3) 5,437 5,437 Buildings 133,005 133,005 Mill Machinery 289,063 289,063 Vehicles & Equipment 117,633 114,115 Leasehold Improvements 0 0 Software 3,258 3,258 ----------------- ----------------- Total Property, Plant & Equipment 666,996 663,478 Less Accumulated Depreciation And Amortization (344,366) (332,117) ----------------- ----------------- Net Property, Plant & Equipment 322,630 331,361 ----------------- ----------------- OTHER ASSETS: 15% Investment Skygas 1,200,000 0 Deferred Exploration And Development Costs (Note 1) 1,195,465 1,195,466 Note Receivable 275,000 275,000 Licenses, Net Of Amortization Of $6,581 and $5,344 Respectively (Note 2) 27,507 28,745 Advance Minimum Royalties (Note 2) 50,750 50,750 Mineralized Material In Place (Note 3) 10 10 ----------------- ----------------- Total Other Assets 2,748,732 1,549,971 ----------------- ----------------- TOTAL ASSETS $ 3,148,945 $ 2,051,541 ================= =================
MPM TECHNOLOGIES, INC. Consolidated Balance Sheet As Of AND SUBSIDIARIES December 31, 1996, And December (A Development Stage Company) 31, 1995 (Continued) Spokane, Washington UNAUDITED LIABILITIES AND STOCKHOLDERS' EQUITY DECMEBER DECEMBER 31, 1996 31, 1995 ----------------- ----------------- CURRENT LIABILITIES: Accounts Payable $ 14,356 $ 14,356 Notes Payable (Note 4) 571,724 533,951 Notes Payable To Related Parties (Note 4) 314,765 314,765 Interest Payable - Related Parties (Note 4) 129,997 129,997 Interest Payable 4,487 0 ----------------- ----------------- Total Current Liabilities 1,035,329 993,069 ----------------- ----------------- LONG-TERM DEBT (Net Of Current Portion): Notes Payable 0 0 ----------------- ----------------- Total Long-Term Debt 0 0 ----------------- ----------------- Total Liabilities 1,035,329 993,069 ----------------- ----------------- MINORITY INTEREST (Note 6): Minority Interest In Consolidated Entities (719,352) (687,185) ----------------- ----------------- COMMITMENTS (Note 7) STOCKHOLDERS' EQUITY: Common Stock, $0.001 Par Value, 50,000,000 Shares Authorized, 14,399,773 Shares, And 12,842,176 Shares Outstanding December 31, 1996, And December 31, 1995, Respectively (Notes 6 & 8) 14,399 12,842 Additional Paid-In Capital 7,406,584 5,998,967 Deficit Accumulated During The Exploration And Development Stage (4,588,015) (4,266,152) ----------------- ----------------- Total Stockholders' Equity 2,832,968 1,745,657 ----------------- ----------------- TOTAL LIABILITIES, MINORITY INTEREST AND STOCKHOLDERS' EQUITY $ 3,148,945 $ 2,051,541 ================= =================
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. MPM Technologies, Inc. January 13,1996 /s/Robert D. Little - ----------------- ------------------------- (Date) Robert D. Little Secretary -----END PRIVACY-ENHANCED MESSAGE-----