Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2016 | Aug. 17, 2016 | |
Entity Registrant Name | Butte Highlands Mining Company, Inc. | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2016 | |
Amendment Flag | false | |
Entity Central Index Key | 1,455,926 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | bthi | |
Entity Incorporation, State Country Name | Delaware | |
Common Class A | ||
Entity Common Stock, Shares Outstanding | 1,443,017 | |
Common Class B | ||
Entity Common Stock, Shares Outstanding | 1,538,872 |
BUTTE HIGHLANDS MINING COMPANY
BUTTE HIGHLANDS MINING COMPANY BALANCE SHEETS (Interim period unaudited) - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 73,823 | $ 102,819 |
Prepaid expense | 370 | 173 |
Total Current Assets | 74,193 | 102,992 |
TOTAL ASSETS | 74,193 | 102,992 |
CURRENT LIABILITIES | ||
Accounts payable | 5,400 | 4,389 |
Total Current Liabilities | 5,400 | 4,389 |
COMMITMENTS AND CONTINGENCIES | 0 | 0 |
STOCKHOLDERS' EQUITY | ||
Preferred stock, $0.001 par value, 20,000,000 shares authorized, none issued and outstanding | 0 | 0 |
Common stock, Class A, $0.001 par value 500,000,000 shares authorized; 1,443,017 shares issued and outstanding | 1,443 | 1,443 |
Common stock, Class B, $0.001 par value 1,707,093 shares authorized; 1,538,872 shares issued and outstanding | 1,539 | 1,539 |
Additional paid-in capital | 269,469 | 269,469 |
Accumulated deficit | (203,658) | (173,848) |
Total Stockholders' Equity | 68,793 | 98,603 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 74,193 | $ 102,992 |
Statement of Financial Position
Statement of Financial Position - Parenthetical - $ / shares | Jun. 30, 2016 | Dec. 31, 2015 |
Statement of financial position | ||
Preferred Stock, Par Value | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Class A, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Class A, Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock, Class A, Shares Issued | 1,443,017 | 1,327,698 |
Common Stock, Class A, Shares Outstanding | 1,443,017 | 1,327,698 |
Common Stock, Class B, Par Value | $ 0.01 | $ 0.01 |
Common Stock, Class B, Shares Authorized | 1,707,093 | 1,707,093 |
Common Stock, Class B, Shares Issued | 1,538,872 | 1,654,191 |
Common Stock, Class B, Shares Outstanding | 1,538,872 | 1,654,191 |
BUTTE HIGHLANDS MINING COMPANY4
BUTTE HIGHLANDS MINING COMPANY STATEMENTS OF OPERATIONS (Unauditied) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Income statement | ||||
REVENUES | $ 0 | $ 0 | $ 0 | $ 0 |
OPERATING EXPENSES | ||||
Professional fees | 7,990 | 16,600 | 21,445 | 17,045 |
General and administrative | 405 | 327 | 8,364 | 1,028 |
TOTAL OPERATING EXPENSES | 8,395 | 16,927 | 29,809 | 18,073 |
LOSS FROM OPERATIONS | (8,395) | (16,927) | (29,809) | (18,073) |
OTHER INCOME (EXPENSES) | ||||
Interest income | 1 | |||
Interest expense | (10) | |||
TOTAL OTHER INCOME (EXPENSES) | (9) | |||
LOSS BEFORE TAXES | (8,395) | (16,927) | (29,809) | (18,082) |
INCOME TAXES | 0 | 0 | 0 | 0 |
NET LOSS | $ (8,395) | $ (16,927) | $ (29,809) | $ (18,082) |
NET LOSS PER COMMON SHARE, BASIC AND DILUTED | $ 0 | $ (0.01) | $ (0.01) | $ (0.01) |
WEIGHTED AVERAGE NUMBER OF COMMON STOCK SHARES OUTSTANDING, BASIC AND DILUTED | 2,981,889 | 2,981,889 | 2,981,889 | 2,981,889 |
BUTTE HIGHLANDS MINING COMPANY5
BUTTE HIGHLANDS MINING COMPANY STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (29,809) | $ (18,082) |
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: | ||
Depreciation | 0 | 0 |
Gain on sale of investments | 0 | 0 |
Other than temporary impairment of investment | 0 | 0 |
Changes in assets and liabilities: | ||
Decrease (increase) in prepaid expense | (197) | (306) |
Increase (decrease) in accounts payable | 1,011 | 900 |
Net cash used by operating activities | (28,995) | (17,488) |
CASH FLOWS FROM INVESTING ACTIVITIES: | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | 0 | 0 |
INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS | (28,995) | (17,488) |
Cash, beginning of period | 102,818 | 131,353 |
Cash, end of period | 73,823 | 113,865 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |