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Adamant Dri Processing & Minerals Group – ‘10-Q’ for 9/30/22

On:  Monday, 11/14/22, at 5:28pm ET   ·   For:  9/30/22   ·   Accession #:  1493152-22-32302   ·   File #:  0-49729

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/14/22  Adamant Dri Processing & Mine… Gp 10-Q        9/30/22   39:1.9M                                   M2 Compliance LLC/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    414K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     17K 
 3: EX-32.1     Certification -- §906 - SOA'02                      HTML     15K 
 9: R1          Cover                                               HTML     64K 
10: R2          Balance Sheets                                      HTML     74K 
11: R3          Balance Sheets (Parenthetical)                      HTML     31K 
12: R4          Statements of Operations (Unaudited)                HTML     71K 
13: R5          Statements of Stockholders' Deficit (Unaudited)     HTML     47K 
14: R6          Statements of Cash Flows (Unaudited)                HTML     54K 
15: R7          Organization and Description of Business            HTML     19K 
16: R8          Summary of Significant Accounting Policies          HTML     60K 
17: R9          Related Parties Transactions                        HTML     18K 
18: R10         Accrued Liabilities and Other Payables              HTML     17K 
19: R11         Note Payable                                        HTML     22K 
20: R12         Stockholders? Equity                                HTML     24K 
21: R13         Income Taxes                                        HTML     30K 
22: R14         Commitments and Contingencies                       HTML     19K 
23: R15         Subsequent Events                                   HTML     16K 
24: R16         Summary of Significant Accounting Policies          HTML    104K 
                (Policies)                                                       
25: R17         Summary of Significant Accounting Policies          HTML     17K 
                (Tables)                                                         
26: R18         Income Taxes (Tables)                               HTML     27K 
27: R19         Organization and Description of Business (Details   HTML     17K 
                Narrative)                                                       
28: R20         Summary of Property and Equipment Estimated Useful  HTML     19K 
                Lives (Details)                                                  
29: R21         Summary of Significant Accounting Policies          HTML     31K 
                (Details Narrative)                                              
30: R22         Related Parties Transactions (Details Narrative)    HTML     20K 
31: R23         Accrued Liabilities and Other Payables (Details     HTML     15K 
                Narrative)                                                       
32: R24         Note Payable (Details Narrative)                    HTML     18K 
33: R25         Stockholders? Equity (Details Narrative)            HTML     30K 
34: R26         Schedule of Statutory Income Tax Rates (Details)    HTML     24K 
37: XML         IDEA XML File -- Filing Summary                      XML     63K 
35: XML         XBRL Instance -- form10-q_htm                        XML    372K 
36: EXCEL       IDEA Workbook of Financial Reports                  XLSX     56K 
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                Linkbase Document -- admg-20220930_cal                           
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                Document -- admg-20220930_def                                    
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                Document -- admg-20220930_lab                                    
 8: EX-101.PRE  Inline XBRL Taxonomy Extension Presentation          XML    253K 
                Linkbase Document -- admg-20220930_pre                           
 4: EX-101.SCH  Inline XBRL Taxonomy Extension Schema Document --    XSD     54K 
                admg-20220930                                                    
38: JSON        XBRL Instance as JSON Data -- MetaLinks              158±   216K 
39: ZIP         XBRL Zipped Folder -- 0001493152-22-032302-xbrl      Zip     92K 


‘10-Q’   —   Quarterly Report

Document Table of Contents

Page (sequential)   (alphabetic) Top
 
11st Page  –  Filing Submission
"Part I
"Financial Information
"Item 1. Financial Statements
"Consolidated Balance Sheets as of September 30, 2022 (Unaudited) and December 31, 2021
"Consolidated Statements of Operations for the Three and Nine Months September 30, 2022 and 2021 (Unaudited)
"Consolidated Statements of Stockholders' Deficit for the Three and Nine Months Ended September 30, 2022 and 2021 (Unaudited)
"Consolidated Statements of Cash Flows for the Three and Nine Months Ended September 30, 2022 and 2021 (Unaudited)
"Notes to Consolidated Financial Statements
"Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
"Item 4. Controls and Procedures
"Part Ii
"Other Information
"Item 1A. Risk Factors
"Item 6. Exhibits
"Signatures

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM  i 10-Q

 

(Mark One)

 

 i 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

FOR THE QUARTERLY PERIOD ENDED  i September 30, 2022

 

OR

 

 i 

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

FOR THE TRANSITION PERIOD FROM _________ TO ________.

 

COMMISSION FILE NUMBER:  i 000-49729

 

 i Adamant DRI Processing and Minerals Group

(Exact Name of Registrant as Specified in its Charter)

 

 i Nevada    i 61-1745150
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)

 

 i 99 East State Street,  i #202    
 i Eagle,  i Idaho    i 83616
(address of principal executive offices)   (zip code)

 

Issuer’s telephone number:  i 310  i 220-4280

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities 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.  i Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☐  i No

 

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 the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ☐   Accelerated filer ☐
 i Non-accelerated filer   Smaller reporting company  i 
    Emerging growth company  i 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.  i 

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  i Yes ☒ No ☐

 

Securities registered pursuant to Section 12(b) of the Act:

 

Name of each exchange on which registered

 

Title of class    
None   N/A

 

State the number of shares outstanding of each of the issuer’s classes of common equity, for the period covered by this report and as at the latest practicable date:

 

At November 10, 2022 we had outstanding  i 16,110,005 shares of common stock.

 

 

 

 C: 
 

 

 

ADAMANT DRI PROCESSING AND MINERALS GROUP

 

TABLE OF CONTENTS

 

PART I  
FINANCIAL INFORMATION  
   
Item 1. Financial Statements 3
   
Consolidated Balance Sheets as of September 30, 2022 (Unaudited) and December 31, 2021 3
   
Consolidated Statements of Operations for the Three and Nine Months September 30, 2022 and 2021 (Unaudited) 4
   
Consolidated Statements of Stockholders’ Deficit for the Three and Nine Months Ended September 30, 2022 and 2021 (Unaudited) 5
   
Consolidated Statements of Cash Flows for the Three and Nine Months Ended September 30, 2022 and 2021 (Unaudited) 6
   
Notes to Consolidated Financial Statements 7
   
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 13
   
Item 4. Controls and Procedures 18
   
PART II  
OTHER INFORMATION  
   
Item 1A. Risk Factors 19
   
Item 6. Exhibits 19
   
Signatures 20

 

Special Note Regarding Forward Looking Statements

 

This report contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent our estimates and assumptions only as of the date of this report. You should read this report and the documents that we reference and filed as exhibits to the report completely and with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.

 

 C: 
 C: 2

 

 

PART I

 

FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

ADAMANT DRI PROCESSING AND MINERALS GROUP

BALANCE SHEETS

 

  

SEPTEMBER 30,

2022

(UNAUDITED)

  

DECEMBER 31,

2021

 
         
ASSETS          
           
CURRENT ASSETS          
Cash & equivalents  $-   $- 
           
Total current assets   -    - 
           
TOTAL ASSETS  $-   $- 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
           
CURRENT LIABILITIES          
Accrued liabilities and other payables  $ i 13,159     i 22,518 
Note payable    i 11,519    - 
Advance from related party   -     i 43,581 
           
Total current liabilities    i 24,678     i 66,099 
           
STOCKHOLDERS’ EQUITY          
Convertible preferred stock: $ i  i 0.001 /  par value;  i  i 1,000,000 /  shares authorized,  i  i  i  i no /  /  /  shares issued and outstanding   -    - 
Common stock, $ i  i 0.001 /  par value; authorized shares  i  i 100,000,000 / ; issued and outstanding  i  i  i  i 16,110,005 /  /  /  shares    i 16,110     i 16,110 
Additional paid in capital    i 7,639,325     i 7,538,557 
Accumulated other comprehensive income    i 1,858,434     i 1,858,434 
Accumulated deficit   ( i 9,538,547)   ( i 9,479,200)
           
Total stockholders’ deficit   ( i 24,678)   ( i 66,099)
           
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT  $-   $- 

 

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

 

 C: 
3

 

 

ADAMANT DRI PROCESSING AND MINERALS GROUP

STATEMENTS OF OPERATIONS

(UNAUDITED)

 

   2022   2021   2022   2021 
  

NINE MONTHS ENDED

SEPTEMBER 30,

  

THREE MONTHS ENDED

SEPTEMBER 30,

 
   2022   2021   2022   2021 
                 
Net sales  $-   $-   $-   $- 
                     
Cost of services provided   -    -    -    - 
                     
Gross profit   -    -    -    - 
                     
Operating expenses                    
General and administrative    i 59,347     i 49,430     i 9,946     i 22,908 
                     
Total operating expenses    i 59,347     i 49,430     i 9,946     i 22,908 
                     
Loss from operations   ( i 59,347)   ( i 49,430)   ( i 9,946)   ( i 22,908)
                     
Loss before income tax   ( i 59,347)   ( i 49,430)   ( i 9,946)   ( i 22,908)
                     
Income tax expense   -    -    -    - 
                     
Net loss   ( i 59,347)   ( i 49,430)   ( i 9,946)   ( i 22,908)
                     
Basic and diluted weighted average shares outstanding    i 16,110,005     i 16,110,005     i 16,110,005     i 16,110,005 
                     
Basic and diluted net loss per share  $( i 0.00)  $( i 0.00)  $( i 0.00)  $( i 0.00)

 

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

 

 C: 
4

 

 

ADAMANT DRI PROCESSING AND MINERALS GROUP

STATEMENTS OF STOCKHOLDER’S DEFICIT

NINE AND THREE MONTHS ENDED SEPTEMBER 30, 2022 AND 2021

(UNAUDITED)

 

  

Common

shares

   Amount  

Additional

paid in

capital

  

Accumulated

deficit

  

Accumulated

other

comprehensive

income

  

Total

stockholders’

(deficit)

 
Balance at January 1, 2022    i 16,110,005   $ i 16,110   $ i 7,538,557   $( i 9,479,200)  $ i 1,858,434   $( i 66,099)
                               
Net loss   -    -    -    ( i 34,252)   -    ( i 34,252)
                               
Increase in paid in capital   -    -     i 100,351    -    -     i 100,351 
                               
Balance at March 31, 2022    i 16,110,005     i 16,110     i 7,638,908    ( i 9,513,452)    i 1,858,434    - 
                               
Net loss   -    -    -    ( i 15,149)   -    ( i 15,149)
                               
Increase in paid in capital   -    -     i 417    -    -     i 417 
                               
Balance at June 30, 2022    i 16,110,005     i 16,110     i 7,639,325    ( i 9,528,601)    i 1,858,434    ( i 14,732)
                               
Net loss   -    -    -    ( i 9,946)   -    ( i 9,946)
                               
Balance at September 30, 2022    i 16,110,005   $ i 16,110   $ i 7,639,325   $( i 9,538,547)  $ i 1,858,434   $( i 24,678)

 

  

Common

shares

   Amount  

Additional

paid in

capital

  

Accumulated

deficit

  

Accumulated

other

comprehensive

income

  

Total

stockholders’

(deficit)

 
Balance at January 1, 2021    i 16,110,005   $ i 16,110   $ i 7,538,557   $( i 9,418,301)  $ i 1,858,434   $          ( i 5,200)
                               
Net loss   -    -    -    ( i 24,846)   -    ( i 24,846)
                               
Balance at March 31, 2021    i 16,110,005     i 16,110     i 7,538,557    ( i 9,443,147)    i 1,858,434    ( i 30,046)
                               
Net loss   -    -    -    ( i 1,676)   -    ( i 1,676)
                               
Balance at June 30, 2021    i 16,110,005     i 16,110     i 7,538,557   $( i 9,444,823)    i 1,858,434    ( i 31,722)
                               
Net loss   -    -    -    ( i 22,908)   -    ( i 22,908)
                               
Balance at September 30, 2021    i 16,110,005   $ i 16,110   $ i 7,538,557   $( i 9,467,731)  $ i 1,858,434   $( i 54,630)

 

The accompanying notes are an integral part of the consolidated financial statements

 

 C: 
5

 

 

ADAMANT DRI PROCESSING AND MINERALS GROUP

STATEMENTS OF CASH FLOWS

(UNAUDITED)

 

         
   NINE MONTHS ENDED SEPTEMBER 30, 
   2022   2021 
         
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss  $( i 59,347)  $( i 49,430)
Changes in assets and liabilities:          
Prepaid expense   -    ( i 3,330)
Accrued liabilities and other payables   ( i 9,359)    i 20,299 
           
Net cash used in operating activities   ( i 68,706)   ( i 32,461)
           
CASH FLOWS FROM FINANCING ACTIVITIES:          
Advance from a related party    i 57,187     i 32,461 
Proceeds from note payable    i 11,519    - 
           
Net cash provided by financing activities    i 68,706     i 32,461 
           
NET INCREASE IN CASH & EQUIVALENTS   -    - 
           
CASH & EQUIVALENTS, BEGINNING OF PERIOD   -    - 
           
CASH & EQUIVALENTS, END OF PERIOD  $-   $- 
           
Supplemental Cash Flow Data:          
Income tax paid  $-   $- 
Interest paid  $-   $- 

 

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

 

 C: 
6

 

 

ADAMANT DRI PROCESSING AND MINERALS GROUP

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

 

 i 

1. ORGANIZATION AND DESCRIPTION OF BUSINESS

 

Adamant DRI Processing and Minerals Group (the “Company”), is a Nevada corporation incorporated in July 2014 and successor by merger to UHF Incorporated, a Delaware corporation (“UHF”), which in turn was the successor to UHF Incorporated, a Michigan corporation (“UHF Michigan”), as a result of domicile merger effected on December 29, 2011.

 

The Company had been engaged in various business since its incorporation. The Company was not successful and discontinued the majority of its operations on March 31, 2019 and became a shell company. Beginning from April 1, 2019, the Company plans on merging with another entity with experienced management and opportunities for growth.

 

On March 28, 2022, Global Strategies, Inc. completed the acquisition of  i 11,866,563 shares of the common stock of the Company from five shareholders which included the Company’s then sole director and officer, and his affiliates. The  i 11,866,563 shares represent approximately  i 73% of the outstanding shares of the Company as of the date hereof.

 

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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

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Basis of Presentation

 

The accompanying financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).

 

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Interim Financial Statements

 

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, these condensed consolidated financial statements do not include all of the information and footnotes required for audited annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the condensed consolidated financial statements not misleading have been included.

 

The unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and the notes for the year ended December 31, 2021. The results of operations for the nine and three months ended September 30, 2022, are not necessarily indicative of the results to be expected for the full year.

 

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Going Concern

 

The financial statements have been prepared assuming that the Company will continue as a going concern. The Company incurred losses of $ i 59,347 and $ i 49,430 for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, the Company had a working capital deficit of $ i 24,678, and an accumulated deficit of $ i 9,538,547. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. Management believes that the Company’s capital requirements will depend on many factors including the success of the Company’s efforts to complete a merger or acquisition, and the Company’s efforts to raise capital. Management also believes the Company needs to raise additional capital for working capital purposes. There is no assurance that such financing will be available on acceptable terms in the future. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

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Use of Estimates

 

In preparing financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates, required by management, include the recoverability of long-lived assets, allowance for doubtful accounts, and the reserve for obsolete and slow-moving inventories. Actual results could differ from these estimates.

 

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Cash and Equivalents

 

Cash and equivalents include cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

 

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Accounts Receivable, net

 

The Company maintains reserves for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves.

 

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Property and Equipment, net

 

Property and equipment are stated at cost, less accumulated depreciation. Major repairs and betterments that significantly extend original useful lives or improve productivity are capitalized and depreciated over the period benefited. Maintenance and repairs are expensed as incurred. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is computed using shorter of useful lives of the property or the unit of depletion method. For shorter-lived assets the straight-line method over estimated lives ranging from 3 to 5 years is used as follows:

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SUMMARY OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES 

Office Equipment    i 3- i 5 years
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Impairment of Long-Lived Assets

 

Long-lived assets, which include property and equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.

 

Recoverability of long-lived assets to be held and used is measured by comparing the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by it. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds its fair value (“FV”). FV is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. The Company did not have any long-lived assets as of September 30, 2022 and December 31, 2021.

 

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Income Taxes

 

Income taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

 

The Company follows ASC Topic 740, which prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures.

 

Under the provisions of ASC Topic 740, when tax returns are filed, it is likely that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest associated with unrecognized tax benefits are classified as interest expense and penalties are classified in selling, general and administrative expenses in the statements of income. At September 30, 2022 and December 31, 2021, the Company did not take any uncertain positions that would necessitate recording a tax related liability.

 

The Company accounts for income taxes in interim periods in accordance with FASB ASC 740-270, “Interim Reporting.” The Company has determined an estimated annual effective tax rate. The rate will be revised, if necessary, as of the end of each successive interim period during the Company’s fiscal year to its best current estimate. The estimated annual effective tax rate is applied to the year-to-date ordinary income (or loss) at the end of the interim period.

 

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Revenue Recognition

 

The Company follows Accounting Standards Update (“ASU”) 2014-09 (and related amendments subsequently issued in 2016), Revenue from Contracts with Customers (ASC 606).

 

FASB ASC Topic 606 requires use of a new five-step model to recognize revenue from customer contracts. The five-step model requires the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies each performance obligation.

 

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Fair Value of Financial Instruments

 

For certain of the Company’s financial instruments, including cash and equivalents, accrued liabilities and accounts payable, carrying amounts approximate their FV due to their short maturities. FASB ASC Topic 825, “Financial Instruments,” requires disclosure of the FV of financial instruments held by the Company. The carrying amounts reported in the balance sheets for current liabilities each qualify as financial instruments and are a reasonable estimate of their FVs because of the short period of time between the origination of such instruments and their expected realization and the current market rate of interest.

 

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Fair Value Measurements and Disclosures

 

FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” defines FV, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for FV measures. The three levels are defined as follow:

 

Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
   
Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
   
Level 3 inputs to the valuation methodology are unobservable and significant to the FV measurement.

 

The Company did not identify any assets and liabilities that are required to be presented on the balance sheet at FV.

 

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Foreign Currency Translation and Comprehensive Income (Loss)

 

Prior to discontinuing the majority of its operation on March 31, 2019, the functional currency of the Company’s variable intertest entities (the “VIEs”) is RMB. For financial reporting purposes, RMB is translated into USD as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet dates. Equity accounts are translated at historical rates. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period.

 

Translation adjustments from using different exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income”. Gains and losses resulting from foreign currency transactions are included in income. There was no significant fluctuation in the exchange rate for the conversion of RMB to USD after the balance sheet date.

 

The Company follows the FASB ASC Topic 220, “Comprehensive Income”. Comprehensive income (loss) is comprised of net income and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders.

 

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Share-based Compensation

 

The Company accounts for share-based compensation awards in accordance with FASB ASC Topic 718, “Compensation – Stock Compensation”. We measure all share-based payments using the fair-value at grant date. We record forfeitures as they occur. The cost of services received from employees and non-employees in exchange for awards of equity instruments is recognized in the statement of operations based on the estimated fair value of those awards on the grant date and amortized on a straight-line basis over the requisite service period.

 

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Earnings (Loss) per Share (EPS)

 

The Company presents net income (loss) per share (“EPS”) in accordance with FASB ASC Topic 260, “Earning Per Share.” Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similar to basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if all the potential common shares, warrants and stock options had been issued and if the additional common shares were dilutive. Diluted EPS is based on the assumption that all dilutive convertible shares and stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options and warrants, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later).

 

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Segment Reporting

 

FASB ASC Topic 280, “Segment Reporting”, requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the Company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company.

 

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New Accounting Pronouncements

 

In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470- 20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. This ASU (1) simplifies the accounting for convertible debt instruments and convertible preferred stock by removing the existing guidance in ASC 470-20, Debt: Debt with Conversion and Other Options, that requires entities to account for beneficial conversion features and cash conversion features in equity, separately from the host convertible debt or preferred stock; (2) revises the scope exception from derivative accounting in ASC 815-40 for freestanding financial instruments and embedded features that are both indexed to the issuer’s own stock and classified in stockholders’ equity, by removing certain criteria required for equity classification; and (3) revises the guidance in ASC 260, Earnings Per Share, to require entities to calculate diluted earnings per share (EPS) for convertible instruments by using the if-converted method. In addition, entities must presume share settlement for purposes of calculating diluted EPS when an instrument may be settled in cash or shares. For SEC filers, excluding smaller reporting companies, ASU 2020-06 is effective for fiscal years beginning after December 15, 2021 including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. For all other entities, ASU 2020-06 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Entities should adopt the guidance as of the beginning of the fiscal year of adoption and cannot adopt the guidance in an interim reporting period. The Company is currently evaluating the impact that ASU 2020-06 may have on its financial statements and related disclosures.

 

Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future CFS.

 

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3. RELATED PARTIES TRANSACTIONS

 

The Company had advances due to a related party of $ i 0 and $ i 43,581 at September 30, 2022 and December 31, 2021, respectively. The advances as of December 31, 2021 were from the Company’s former sole director and officer to finance its operations. There were no written agreements for these advances and these advances are unsecured, bore no interest and are payable upon demand. The Company’s former sole director and officer waived the debts the Company owed him as of the acquisition date as more fully disclosed in Note 6; and such transactions were recorded as a capital contribution from him.

 

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4. ACCRUED LIABILITIES AND OTHER PAYABLES

 

Accrued liabilities and other payables were $ i 13,159 and $ i 22,518 as of September 30, 2022 and December 31, 2021, respectively, mainly consisting of outstanding payables for professional fees for the Company’s quarterly SEC filing.

 

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5. NOTE PAYABLE

 

After the acquisition, the Company signed a demand note (the “Note”) with NYJJ (Hong Kong) Limited (“NYJJ”). NYJJ was incorporated in Hong Kong and is an unrelated party of the Company. NYJJ will pay certain operating expenses for the Company. This Note shall be non-interest bearing except that upon the occurrence and continuation of an Event of Default (as defined below), interest shall accrue and be payable in cash at the rate of  i 12% per annum. Interest on this Note shall be compounded annually calculated based upon a year consisting of 365 days and actual days elapsed (including the first day but excluding the last day) occurring in the period for which interest is payable. This note is unsecured and payable upon demand.

 

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The failure of the Company pays on demand any sum due under this Note within three days after demand by the Holder shall constitute an Event of Default.

 

As of September 30, 2022, the principal balance of the note payable was $ i 11,519.

 

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6. STOCKHOLDERS’ EQUITY

 

In September 2020, the Company entered Redemption Agreements with two individual shareholders for redemption of  i 2,366,668 shares of the Company’s common stock for $ i 200. The  i 2,366,668 shares of common stock were subsequently retired. In September 2021, the two shareholders waived receipt of the $ i 200 which was recorded as other income in the year ended December 31, 2021.

 

During the quarter ended March 31, 2022, as a result of the purchase of approximately  i 73% of the outstanding shares of the Company by Global Strategies, Inc. effected on March 28, 2022, the Company’s former sole director and officer, paid in full all the outstanding accounts payable and other payables and waived the debts the Company owed him as of the acquisition date; and such transactions were recorded as a capital contribution from him.

 

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7. INCOME TAXES

 

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The Company’s federal corporate income tax rate was 21%. The following table reconciles the statutory rates to the Company’s effective tax rate for the nine months ended September 30, 2022 and 2021:

 

SCHEDULE OF STATUTORY INCOME TAX RATES

   2022   2021 
US statutory rates (benefit)   ( i 21.0)%   ( i 21.0)%
Tax rate difference    i -%    i -%
Valuation allowance on NOL    i 21.0%    i 21.0%
Tax per financial statements    i 0.0%    i 0.0%

 

The following table reconciles the statutory rates to the Company’s effective tax rate for the three months ended September 30, 2022 and 2021:

 

   2022   2021 
US statutory rates (benefit)   ( i 21.0)%   ( i 21.0)%
Tax rate difference    i -%    i -%
Valuation allowance on NOL    i 21.0%    i 21.0%
Tax per financial statements    i 0.0%    i 0.0%
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8. COMMITMENTS AND CONTINGENCIES

 

The Company adopted ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.

 

Contingent Liability from Prior Operation

 

The Company had been engaged in various businesses since its incorporation. The Company was not successful and discontinued the majority of its operation on March 31, 2019. Management believes that there are no valid outstanding liabilities from prior operations. If a creditor were to come forward and claim a liability, the Company has committed to contest such claim to the fullest extent of the law. No amount has been accrued in the financial statements for this contingent liability.

 

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9. SUBSEQUENT EVENTS

 

The Company follows the guidance in FASB ASC 855-10 for the disclosure of subsequent events. The Company evaluated subsequent events through the date the financial statements were issued and determined the Company did not have any material subsequent events to disclose in its financial statements.

 

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Overview

 

Adamant DRI Processing and Minerals Group (the “Company,” “we” or “us” or words of similar meaning), is a Nevada corporation incorporated in July 2014 and successor by merger to UHF Incorporated, a Delaware corporation (“UHF”), which in turn was the successor to UHF Incorporated, a Michigan corporation (“UHF Michigan”), as a result of a domicile merger effected on December 29, 2011.

 

We engaged in various business since our incorporation. We were not successful in any of the businesses we entered and discontinued all of our remaining operations effective March 31, 2019, at which time we became a non-operating shell company with nominal assets. In August 2021 we filed a Registration Statement on Form 10 and became subject to the reporting requirements of the Exchange Act. We also are considered a “blank check company” subject to Rule 419. We intend to seek, investigate and, if such investigation warrants, engage in a business combination which may take the form of a “reverse merger” with a private entity whose business presents an opportunity for our stockholders.

 

On March 28, 2022, Global Strategies, Inc. completed the acquisition of 11,866,563 shares of our common stock from five shareholders which included the Company’s major shareholder also the sole director and officer, and his affiliated company. The 11,866,563 shares represent approximately 73% of the outstanding shares of the Company as of the date hereof.

 

Results of Operations

 

Comparison of the Nine and Three Months ended September 30, 2022 and 2021

 

Nine months:

 

   2022   % of
Sales
   2021   % of
Sales
   Dollar
Increase
   Percentage
Increase
 
Revenue  $-    -%  $-    -%  $-    n/a%
Cost of services provided   -    -%   -    -%   -    n/a%
Gross profit   -    -%   -    -%   -    n/a%
Operating expenses   59,347    -%   49,430    -%   9,917    20.1%
Loss from operations   (59,347)   -%   (49,430)   -%   9,917    20.1%
Total non-operating income, net   -    -%   -    -%   -    -%
Loss before income taxes   (59,347)   -%   (49,430)   -%   9,917    20.1%
Income tax expense   -    -%   -    -%   -    -%
Net loss  $(59,347)   -%   (49,430)   -%   9,917    20.1%

 

Operating Expenses

 

Operating expenses were $59,347 and $ 49,430 for the nine months ended September 30, 2022 and 2021, respectively. The increase of $9,917 or 20.1% for the nine months ended September 30, 2022, compared to the comparable period in 2021, primarily is the result of the increase in professional fees of $9,917 which related to the Company’s SEC filings.

 

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Loss from Operations

 

Loss from operations was $59,347 for the nine months ended September 30, 2022, compared to losses from operations of $49,430 for the nine months ended September 30, 2021. The $9,917 or 20.1% increase in loss from operations for the nine months ended September 30, 2022, compared to the comparable period in 2021 was mainly due to the increase in professional fees as described above.

 

Net Loss

 

We had a net loss of $59,347 and $49,430 for the nine months ended September 30, 2022 and 2021, respectively.

 

Three months:

 

   2022   % of
Sales
   2021   % of
Sales
   Dollar
(Decrease)
   Percentage
(Decrease)
 
Revenue  $-    -%  $-    -%  $-    n/a%
Cost of services provided   -    -%   -    -%   -    n/a%
Gross profit   -    -%   -    -%   -    n/a%
Operating expenses   9,946    -%   22,908    -%   (12,962)   (56.6)%
Loss from operations   (9,946)   -%   (22,908)   -%   -    -%
Total non-operating income, net   -    -%   -    -%   (12,962)   (56.6)%
Loss before income taxes   (9,946)   -%   (22,908)   -%   (12,962)   (56.6)%
Income tax expense   -    -%   -    -%   -    -%
Net loss  $(9,946)   -%  $(22,908)   -%   (12,962)   (56.6)%

 

Operating Expenses

 

Operating expenses were $9,946 and $22,908 for the three months ended September 30, 2022 and 2021, respectively. The decrease of $12,962 or 56.6% for the three months ended September 30, 2022, compared to the comparable period in 2021, primarily is the result of the decrease in professional fees of $12,983, which related to the Company’s the SEC filings.

 

Loss from Operations

 

Loss from operations was $9,946 and $22,908 for the three months ended September 30, 2022 and 2021, respectively. The $12,962 or 56.6% decrease in loss from operations for the three months ended September 30, 2022, compared to the comparable period in 2021 was mainly due to the decrease in professional fees as described above.

 

Net Loss

 

We had a net loss of $9,946 and $22,908 for the three months ended September 30, 2022 and 2021, respectively.

 

Liquidity and Capital Resources

 

As of September 30, 2022, and December 31, 2021, cash and equivalents and restricted cash were $0 and $0, respectively. At September 30, 2022, we had a working capital deficit of $24,678.

 

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We have had to rely on loans from our then sole director and shareholders to maintain our operations since we disposed of our interest in Shenzhen Technology Company and became a shell company in March 2019. We anticipate incurring a minimum of $50,000 in expenses over the next twelve months and could incur more significant expenses in connection with any proposed acquisition. In all likelihood we will remain dependent upon the efforts of our current director and principal shareholder, and their willingness to provide the capital necessary to continue our business and fund our cash needs until we generate meaningful revenues or complete a business combination. There can be no assurance that we will be able to raise the funds necessary to fund our operations until such time as we complete a business combination and we cannot assure you that we can identify a suitable business to acquire or combine with. If we were to fail to raise the capital necessary to maintain our operations our common stock would likely become worthless.

 

The following is a summary of cash provided by or used in each of the indicated types of activities during the nine months ended September 30, 2022 and 2021, respectively.

 

  

Nine Months Ended

September 30,

 
   2022   2021 
Net cash used in operating activities  $(68,706)  $(32,461)
Net cash used in investing activities   -    - 
Net cash provided by financing activities  $68,706   $32,461 

 

Net cash used in operating activities

 

Net cash used in operating activities was $68,706 and $32,461 for the nine months ended September 30, 2022 and 2021, respectively. The increase of cash outflow from operating activities for the nine months ended September 30, 2022 was mainly due to the increased net loss of $9,917 resulting from increased professional fees related to the SEC filings, and the increased cash outflow in accrued liabilities and other payables of $29,658, which was partly offset by decreased cash outflows from prepaid expense by $3,330.

 

Net cash used in investing activities

 

Net cash used in investing activities was $0 for the nine months ended September 30, 2022 and 2021, respectively.

 

Net cash provided by financing activities

 

Net cash provided by financing activities was $68,706 and $32,461 for the nine months ended September 30, 2022 and 2021, respectively. The increase in net cash provided by financing activities in the nine months ended September 30, 2022 was primarily attributable to the proceeds of $11,519 from the note payable, and the increase of $24,726 for the loans from the former sole officer and director.

 

Off-Balance Sheet Arrangements

 

We have not entered into any financial guarantees or other commitments to guarantee the obligations of any third parties. We have not entered into any derivative contracts that are indexed to our shares and classified as shareholder’s equity or that are not reflected in our financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us.

 

Critical Accounting Policies and Estimates

 

Our management’s discussion and analysis of our financial condition and results of operations is based on our financial statements, which were prepared in accordance with US GAAP. While our significant accounting policies are more fully described in Note 2 to our financial statements, we believe the following accounting policies are the most critical to aid you in fully understanding and evaluating this management discussion and analysis.

 

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Going Concern

 

Our financial statements have been prepared assuming that we will continue as a going concern. We incurred losses of $59,347 and $49,430 for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, we had a working capital deficit of $24,678, and an accumulated deficit of $9,538,547. These and other factors raise substantial doubt about our ability to continue as a going concern. Our capital requirements will depend on many factors including whether we can identify a target for acquisition. In all likelihood we will remain dependent upon the efforts of our sole director and officer, and his willingness and that of our principal stockholder to provide the capital necessary to continue our business and fund our cash needs until we generate meaningful revenues or complete a business combination. There can be no assurance that we will be able to raise the funds necessary to fund our operations until such time as we complete a business combination. Our financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

Basis of Presentations

 

Our financial statements are prepared in accordance with US GAAP and the requirements of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”).

 

Interim Financial Statements

 

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, these condensed consolidated financial statements do not include all of the information and footnotes required for audited annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the condensed consolidated financial statements not misleading have been included.

 

The unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and the notes for the year ended December 31, 2021. The results of operations for the nine and three months ended September 30, 2022, are not necessarily indicative of the results to be expected for the full year.

 

Use of Estimates

 

In preparing financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates, required by management, include the recoverability of long-lived assets, allowance for doubtful accounts, and the reserve for obsolete and slow-moving inventories. Actual results could differ from those estimates.

 

Revenue Recognition

 

The Company follows Accounting Standards Update (“ASU”) 2014-09 (and related amendments subsequently issued in 2016), Revenue from Contracts with Customers (ASC 606).

 

FASB ASC Topic 606 requires use of a new five-step model to recognize revenue from customer contracts. The five-step model requires the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies each performance obligation.

 

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Segment Reporting

 

Disclosures about segments of an enterprise and related information require use of the “management approach” model for segment reporting, codified in FASB ASC Topic 280. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company.

 

Recent Accounting Pronouncements

 

In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470- 20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. This ASU (1) simplifies the accounting for convertible debt instruments and convertible preferred stock by removing the existing guidance in ASC 470-20, Debt: Debt with Conversion and Other Options, that requires entities to account for beneficial conversion features and cash conversion features in equity, separately from the host convertible debt or preferred stock; (2) revises the scope exception from derivative accounting in ASC 815-40 for freestanding financial instruments and embedded features that are both indexed to the issuer’s own stock and classified in stockholders’ equity, by removing certain criteria required for equity classification; and (3) revises the guidance in ASC 260, Earnings Per Share, to require entities to calculate diluted earnings per share (EPS) for convertible instruments by using the if-converted method. In addition, entities must presume share settlement for purposes of calculating diluted EPS when an instrument may be settled in cash or shares. For SEC filers, excluding smaller reporting companies, ASU 2020-06 is effective for fiscal years beginning after December 15, 2021 including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. For all other entities, ASU 2020-06 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Entities should adopt the guidance as of the beginning of the fiscal year of adoption and cannot adopt the guidance in an interim reporting period. The Company is currently evaluating the impact that ASU 2020-06 may have on its financial statements and related disclosures.

 

Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future CFS.

 

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Item 4. Controls and Procedures.

 

(a) Evaluation of Disclosure Controls and Procedures.

 

Our management is responsible for maintaining disclosure controls and procedures that are designed to ensure that information required to be disclosed in the reports that the Company files or submits under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms. In addition, the disclosure controls and procedures must ensure that such information is accumulated and communicated to the Company’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required financial and other required disclosures.

 

At September 30, 2022, an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rules 13(a)-15(e) and 15(d)-15(e) of the Securities Exchange Act of 1934 (the “Exchange Act”)) was carried out under the supervision and with the participation of our Chief Executive Officer who is also our Chief Financial Officer. Based on his evaluation of our disclosure controls and procedures, he concluded that at September 30, 2022, such disclosure controls and procedures were not effective. This was due to our limited resources, including the absence of a financial staff with accounting and financial expertise and deficiencies in the design or operation of our internal control over financial reporting that adversely affected our disclosure controls and that may be considered to be “material weaknesses.”

 

The material weakness in our financial controls will not be considered remediated until the applicable remedial controls operate for a sufficient period of time and management has concluded, through testing, that these controls are operating effectively.

 

(b) Changes in Internal Control over Financial Reporting.

 

There have been no changes in our internal control over financial reporting that occurred during our fiscal quarter ended September 30, 2022 that have materially affected, or are reasonable likely to materially affect, our internal control over financial reporting. Given the limitations of our accounting personnel, we need to take additional steps to ensure that our financial statements are in accordance with US GAAP.

 

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PART II

 

OTHER INFORMATION

 

Item 1A – Risk Factors.

 

The purchase of our common stock involves a high degree of risk. Before you invest you should carefully consider the risks and uncertainties described under the heading “Risk Factors” in Item 1A. of our Annual Report on Form 10-K and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” set forth in Item 2 of Part I of this report and our consolidated financial statements and related notes included in Item 1 of Part I of this report. Readers should carefully review those risks, as well as additional risks described in other documents we file from time to time with the SEC.

 

Item 6 - Exhibits

 

The following exhibits are filed with this amendment to this report:

 

31.1   Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended.
     
32.1   Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
     
101.INS   Inline XBRL Instance Document – The instance document does not appear in the Interactive data file because its XBRL tags are embedded within the Inline XBRL document.
101.SCH   Inline XBRL Taxonomy Extension Schema
101.CAL   Inline XBRL Taxonomy Extension Calculation
101.DEF   Inline XBRL Taxonomy Extension Definition
101.LAB   Inline XBRL Taxonomy Extension Label
101.PRE   Inline XBRL Taxonomy Extension Presentation
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURES

 

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

 

  ADAMANT DRI PROCESSING AND MINERALS GROUP
     
Dated: November 14, 2022 By: /s/ Dr. Larry L. Eastland
    Dr. Larry L. Eastland
    President

 

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Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
12/15/23
Filed on:11/14/22
11/10/22
For Period end:9/30/22
6/30/2210-Q
3/31/2210-Q,  8-K
3/28/228-K
1/1/22
12/31/2110-K,  10-K/A
12/15/21
9/30/2110-Q
6/30/2110-Q
3/31/21
1/1/21
12/15/20
4/1/198-K
3/31/1910-Q,  NT 10-Q
12/29/11
 List all Filings 
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