Cindisue Mining 10-Q 2014 Q3 Quarterly report

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 EXCHANGE ACT    OF 1934

For the quarterly period ended October 31, 2013

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

For the transition period from ______ to _______

Commission File Number 000-54390

CINDISUE MINING CORP.

(Name of small business issuer in its charter)

Delaware	27-1662466
(State of incorporation)	(I.R.S. Employer Identification No.)

11255 Tierrasanta Blvd., Unit 78

San Diego, CA 92124

(Address of principal executive offices)

(858) 278-1166

 (Registrant’s telephone number)

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.  Yes [X] No [  ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, 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 [X] 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	[   ]
Non-accelerated filer	[  ]  (Do not check if a smaller reporting company)	Smaller reporting company	[X]

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

As of November 27, 2013, there were 9,240,000 shares of the registrant’s $0.0001 par value common stock issued and outstanding.

CINDISUE MINING CORP.*

TABLE OF CONTENTS

		Page
PART I. FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS	4
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	5
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	7
ITEM 4.	CONTROLS AND PROCEDURES	7
PART II. OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS	7
ITEM 1A.	RISK FACTORS	7
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	7
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	8
ITEM 4.	MINE SAFETY DISCLOSURES	8
ITEM 5.	OTHER INFORMATION	8
ITEM 6.	EXHIBITS	8

2

Special Note Regarding Forward-Looking Statements

This Quarterly Report contains forward-looking statements, including, without limitation, in the section captioned “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and elsewhere. Any and all statements contained in this Report that are not statements of historical fact may be deemed forward-looking statements. Terms such as “may,” “might,” “would,” “should,” “could,” “project,” “estimate,” “pro forma,” “predict,” “potential,” “strategy,” “anticipate,” “attempt,” “develop,” “plan,” “help,” “believe,” “continue,” “intend,” “expect,” “future,” and terms of similar import (including the negative of any of the foregoing) may be intended to identify forward-looking statements. However, not all forward-looking statements may contain one or more of these identifying terms. Forward-looking statements in this Report may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to exploration programs, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items, (iii) our future financial performance, including any such statement contained in a discussion and analysis of financial condition by management or in the results of operations included pursuant to the rules and regulations of the SEC, and (iv) the assumptions underlying or relating to any statement described in points (i), (ii) or (iii) above.

The forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon our current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which we have no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, our inability to obtain adequate financing, insufficient cash flows and resulting illiquidity, our inability to expand our business, government regulations, lack of diversification, volatility in the price of gold, increased competition, results of arbitration and litigation, stock volatility and illiquidity, and our failure to implement our business plans or strategies. A description of some of the risks and uncertainties that could cause our actual results to differ materially from those described by the forward-looking statements in this Report appears in our Annual Report on Form 10-K for the fiscal year ended January 31, 2013 (the “2013 Form 10-K”) in the section captioned “Risk Factors” and elsewhere in the 2013 Form 10-K; in our subsequent Current Reports on Form 8-K; and in this Report.

Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. We disclaim any obligation to update the forward-looking statements contained in this Report to reflect any new information or future events or circumstances or otherwise.

You should read this Report in conjunction with the discussion under the caption “Risk Factors” in the 2013 Form 10-K, the audited consolidated financial statements and notes thereto in the 2013 Form 10-K, the unaudited consolidated financial statements and notes thereto in this Report, and other documents which we have filed or may file from time to time with the SEC.

*Please note that throughout this Quarterly Report, and unless otherwise noted, the words "we,"”CDMC,” "our," "us," the "Company," refers to Cindisue Mining Corp.

3

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CINDISUE MINING CORP.

(An Exploration State Company)

Financial Statements

(Expressed in US dollars)

October 31, 2013 (unaudited)

Financial Statement Index

Balance Sheets (unaudited).......................................................................................   Statements of Operations (unaudited).....................................................................   Statements of Cash Flows (unaudited)....................................................................   Notes to the Financial Statements (unaudited)...................................................... F-1   F-2   F-3   F-4

4

Cindisue Mining Corp. (An Exploration State Company) Balance Sheets
ASSETS
			As of		As of
			October 31,		January 31,
			2013		2013
			(Unaudited)		(Audited)
	Current Assets
	Cash	$	184	$	814
	Prepayments		-		264
	Total Current Assets		184		1,078
	TOTAL ASSETS	$	184	$	1,078
LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)
	Current Liabilities
	Accounts payable		147		6,133
	Advances from officers		34,944		35,844
	Total Current Liabilities		35,092		41,977
	Total Liabilities		35,092		41,977
	Stockholders' Equity (Deficit)
	Common stock, ($0.0001 par value, 100,000,000 shares
	authorized; 9,240,000 and 8,800,000 shares issued and outstanding
	as of October 31, 2013 and January 31, 2013 respectively		924		880
	Additional paid-in capital		81,076		59,120
	Deficit accumulated during exploration stage		(116,907)		(100,899)
	Total Stockholders' Equity (Deficit)		(34,907)		(40,899)
	TOTAL LIABILITIES &
	STOCKHOLDERS' EQUITY (DEFICIT)	$	185	$	1,078

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

F-1

Cindisue Mining Corp. (An Exploration State Company) Statements of Operations (Unaudited)
					Three Months Ended Ended October 31, 2013		Three Months Ended Ended October 31, 2012		Nine Months Ended October 31, 2013		Nine Months Ended October 31, 2012		January 8, 2010 (inception) through October 31, 2013
	Revenues
			Revenues	$	-	$	-	$	-	$	-	$	-
	Total Revenues				-		-		-		-		-
	General & Administrative Expenses
			Administrative expenses		2,228		2,818		6,508		15,625		42,389
			Professional fees		2,750		2,653		9,500		25,594		66,347
			Exploration costs		-		-		-		-		13,500
	Total General & Administrative Expenses				4,978		5,471		16,008		41,219		122,236
	Loss from Operation				(4,978)		(5,471)		(16,008)		(41,219)		(122,236)
	Other Income (Expense)
		Interest (expense)			-		-		-		(101)		(320)
		Other comprehensive income/(loss)			-		-		-		-		29
		Debt Forgiveness			-		-		-		5,620		5,620
	Total Other Income (Expense)				-		-		-		5,519		5,329
	Net Income (Loss)			$	(4,978)	$	(5,471)	$	(16,008)	$	(35,700)	$	(116,907)
	Basic earnings per share			$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)
	Weighted average number of   common shares outstanding				9,235,652		8,500,000		9,032,381		8,500,000

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

F-2

Cindisue Mining Corp. (An Exploration State Company) Statements of Cash Flows   (Unaudited)
			Nine Months Ended October 31, 2013		Nine Months Ended October 31, 2012		January 8, 2010  (inception)    through October 31, 2013
	CASH FLOWS FROM OPERATING ACTIVITIES
	Net income (loss)	$	(16,008)	$	(35,700)	$	(116,907)
	Adjustments to reconcile net loss to net cash
	provided by (used in) operating activities:
	Common stock issued for service		-		-		5,000
	Debt Forgiveness		-		(5,620)		(5,620)
	Changes in operating assets and liabilities:
	Increase in accounts prepayments		264				-
	Increase in accounts payable		(5,986)		3,404		147
	Increase in accrued interest		-		101		320
	Net cash provided by (used in) operating activities		(21,730)		(37,815)		(117,060)
	CASH FLOWS FROM INVESTING ACTIVITIES
	Net cash provided by (used in) investing activities		-		-		-
	CASH FLOWS FROM FINANCING ACTIVITIES
	Advance from Officers		-		36,823		34,944
	Proceed  (Payment) from notes payable		-		1,000		6,500
	Payment to notes payable		(900)		-		(1,200)
	Issuance of common stock		22,000		-		77,000
	Net cash provided by (used in) financing activities		21,100		37,823		117,244
	Net increase (decrease) in cash		(630)		8		184
	Cash at beginning of period		814		80		-
	Cash at end of period	$	184	$	88	$	184
	SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
	Cash paid during period for:
	Interest	$	-	$	-	$	-
	Income Taxes	$	-	$	-	$	-

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

F-3

CINDISUE MINING CORP.

(AN EXPLORATION STATE COMPANY)

NOTES TO FINANCIAL STATEMENTS (UNAUDITED)

October 31, 2013

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Cindisue Mining Corp. (the “Company”) was incorporated on January 8, 2010 under the laws of the State of Delaware.  The Company’s activities to date have been limited to organization and capital.  The Company has been in the exploration stage since its formation and has not yet realized any revenues from its planned operations.  

The Company is primarily engaged in the acquisition and exploration of mining properties.  The Company has acquired Ford 1-4 mineral claims in Esmeralda County, NV for exploration and has formulated a business plan to investigate the possibilities of a viable mineral deposit.

Change in control of business

On September 14, 2012, Daniel Martinez, our director, purchased 6,000,000 shares of our common stock from Donovan Cooper, in a private transaction for an aggregate total of $10,000. The funds used for this share purchase were Mr. Martinez’s personal funds.  This transaction resulted in Mr. Martinez taking control of 71% of our currently issued and outstanding shares.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Basis

The statements were prepared following generally accepted accounting principles of the United States of America consistently applied.

Use of Estimates

Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses.

Mineral Property Acquisition and Exploration Costs

The Company is an exploration stage mining company and has not yet realized any revenue from its operations.  Mineral property acquisition costs are initially capitalized in accordance with ASC 805-20-55-37, previously referenced as the FASB Emerging Issues Task Force (“EITF”) Issue 04-2.  The Company assesses the carrying costs for impairment under ASC 930 at each fiscal quarter end.  When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property will be capitalized.  The Company has determined that all property payments are impaired and written off the acquisition costs to project expenses.  Once capitalized, such costs will be amortized using the units of production method over the estimated life of the probable reserve.

To date, mineral property exploration costs have been expensed as incurred.  To date the Company has not established any proven or probable reserves on its mineral properties.

Depreciation, Amortization and Capitalization

The Company records depreciation and amortization, when appropriate, using both straight-line and declining balance methods over the estimated useful life of the assets (five to seven years). Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property’s useful life are capitalized.  Property sold or retired, together with the related accumulated depreciation is removed from the appropriate accounts and the resultant gain or loss is included in net income.

Cash and Cash Equivalents

Cash equivalents include short-term, highly liquid investments with maturities of three months or less at the time of acquisition.

F-4

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED

Income Taxes

The Company accounts for its income taxes in accordance with FASB Accounting Standards Codification (“ASC”) No.740, "Income Taxes". Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances.  Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled.  Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.  

Financial Instruments

Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability.  ASC 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. FASB ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels:

· Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available.

· Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

· Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. For example, level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method.

The recorded amounts of financial instruments, including cash equivalents accounts payable and accrued expenses, loan from officer and note payable approximate their market values as of October 31, 2013 and January 31, 2013.

Net Loss Per Share

Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period.  Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company.  Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share.

Share Based Expenses

The Company records stock based compensation in accordance with the guidance in ASC Topic 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.

Foreign Currency

The Company’s functional currency is the United States Dollar (USD) and its reporting currency is also the USD.  Foreign currency transactions are primarily undertaken in the British Pound (GBP).

The financial statements of the Company are translated to USD in accordance with ASC 830, Foreign Currency Translation Matters.  Assets and liabilities are translated at the current exchange rate prevailing at the balance sheet date. Equity accounts are translated at historical amounts. Revenues and expenses are translated using average rates during the year.  Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in Stockholders’ Equity.

F-5

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED

Other Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income (loss) and other gains and losses affecting stockholders’ equity that, under GAAP, are excluded from net income (loss), including foreign currency translation adjustments, gains and losses related to certain derivative contracts, and gains or losses, prior service costs or credits, and transition assets or obligations associated with pension or other postretirement benefits that have not been recognized as components of net periodic benefit cost.

NOTE 3 - PROVISION FOR INCOME TAXES

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.

	October 31	January 31
	2013	2013
Net operating loss
carryforward	$ 40,917	$ 34,306
Valuation allowance	(40,917)	(34,306)
Net deferred income tax  asset	-	-

NOTE 4 - COMMITMENTS AND CONTINGENCIES

Litigation

The Company is not presently involved in any litigation.

NOTE 5 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Recent accounting pronouncements that the Company has adopted or that will be required to adopt in the future are summarized below.

In January 2010, the Financial Accounting Standards Board (“FASB”) issued guidance to amend the disclosure requirements related to recurring and nonrecurring fair value measurements. The guidance requires new disclosures on the transfers of assets and liabilities between Level 1 (quoted prices in active market for identical assets or liabilities) and Level 2 (significant other observable inputs) of the fair value measurement hierarchy, including the reasons and the timing of the transfers. Additionally, the guidance requires a roll forward of activities on purchases, sales, issuance, and settlements of the assets and liabilities measured using significant unobservable inputs (Level 3 fair value measurements). The guidance became effective for us with the reporting period beginning January 1, 2010, except for the disclosure on the roll forward activities for Level 3 fair value measurements, which will become effective for us with the reporting period beginning July 1, 2011. Other than requiring additional disclosures, adoption of this new guidance did not have a material impact on our financial statements.

In January 2010, the FASB issued an amendment to ASC 505, Equity, where entities that declare dividends to shareholders that may be paid in cash or shares at the election of the shareholders are considered to be a share issuance that is reflected prospectively in EPS, and is not accounted for as a stock dividend. This standard is effective for interim and annual periods ending on or after December 15, 2009 and is to be applied on a retrospective basis. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements.

On February 24, 2010, the FASB issued guidance in the “Subsequent Events” topic of the FASC to provide updates including: (1) requiring the company to evaluate subsequent events through the date in which the financial statements are issued; (2) amending the glossary of the “Subsequent Events” topic to include the definition of “SEC filer” and exclude the definition of “Public entity”; and (3) eliminating the requirement to disclose the date through which subsequent events have been evaluated. This guidance was prospectively effective upon issuance. The adoption of this guidance did not impact the Company’s results of operations of financial condition.

F-6

NOTE 5 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS - CONTINUED

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 6 – GOING CONCERN

Future issuances of the Company’s equity or debt securities will be required in order for the Company to continue to finance its operations and continue as a going concern. The Company’s present revenues are insufficient to meet operating expenses.

The financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of $116,907 since its inception and requires capital for its contemplated operational and exploration activities to take place. The Company's ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company's contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company's ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

NOTE 7 – RELATED PARTY TRANSACTIONS

Daniel Martinez, the sole officer and director of the Company, may in the future, become involved in other business opportunities as they become available, thus he may face a conflict in selecting between the Company and his other business opportunities.  The Company has not formulated a policy for the resolution of such conflicts.

Daniel Martinez, the sole officer and director of the Company, will not be paid for any underwriting services that he performs on behalf of the Company with respect to the Company’s S-1 offering.  He will also not receive any interest on any funds that he advances to the Company for offering expenses prior to the offering being closed which will be repaid from the proceeds of the offering.

On March 5, 2012, Donovan Cooper resigned as our Treasurer, Chief Financial Officer and Secretary. As a result, concurrent to Mr. Cooper's resignation we appointed Daniel Martinez as Treasurer, Chief Financial Officer, Secretary and as a Director of our company.

Daniel Martinez, advanced funds to the company to pay costs incurred by it. These funds are interest free. The balance due to the director was $34,944 on October 31, 2013.

On September 14, 2012, Donovan Cooper resigned as our President, Chief Executive Officer and Director. As a result, concurrent to Mr. Cooper’s resignation we appointed Daniel Martinez, our current Treasurer, Chief Financial Officer, Secretary and Director, as President and Chief Executive Officer of our company.

NOTE 8 – NOTES PAYABLE

Since inception the Company received cash totaling $6,500 from EFM Venture Group, Inc., an unrelated party, in the form of four promissory notes and made one payment of $1,200 in cash. As of July 31, 2012 the amount due to EFM Venture Group was $5,300.

The Company received cash in the amount of $1,000 from EFM Venture Group, Inc, This amount is represented by one unsecured promissory note dated July 31, 2010.  This loan is at 4% interest with principle and interest all due on July 31, 2012. On February 10, 2011, the Company paid back $1,000.

The Company received cash in the amount of $2,900 from EFM Venture Group, Inc.  This amount is represented by one unsecured promissory note dated November 24, 2010.  This loan is at 4% interest with principle and interest all due on November 24, 2012.  On February 10, 2011, the Company paid back $200.

F-7

NOTE 8 – NOTES PAYABLE - CONTINUED

The Company received cash in the amount of $1,600 from EFM Venture Group, Inc.  This amount is represented by one unsecured promissory note dated January 6, 2011 This loan is at 4% interest with principle and interest all due on January 6, 2013.

The Company received cash in the amount of $1,000 from EFM Venture Group, Inc, This amount is represented by one unsecured promissory note dated March 15, 2012.  This loan is at 4% interest with principle and interest all due on March 15, 2014.

Accrued interest payable as of July 31, 2013 was $0.

On July 31, 2012, EMF Venture Group Inc., an unrelated party agreed to forgive debts outstanding to them totaling $5,620 which have been recorded as other income.

NOTE 9 – STOCK TRANSACTIONS

On January 22, 2010, the Company issued a total of 3,000,000 shares of common stock to one director for cash in the amount of $0.005 per share for a total of $15,000.

On March 8, 2011, the company completed its offering of 2,500,000 common stocks to 27 individuals for cash in the amount of $0.01 per share for a total of $25,000.

On March 12, 2011 3,000,000 shares of common stock were issued to the director Mr. Donavan L. Cooper in exchange for services from inception through January 31, 2011. The shares are valued at $5,000. The shares are issued under Rule 144 and are restricted securities within the meaning of the rule.  

On January 2, 2013, the Company issued a total of 300,000 shares of common stock to one private investor for cash in the amount of $0.05 per share for a total of $15,000.

On February 11, 2013, the Company issued a total of 200,000 shares of common stock to one private investor for cash in the amount of $0.05 per share for a total of $10,000.

On March 14, 2013, the Company issued a total of 40,000 shares of common stock to one private investor for cash in the amount of $0.05 per share for a total of $2,000.

On October 22, 2013, the Company issued a total of 200,000 shares of common stock to one private investor for cash in the amount of $0.05 per share for a total of $10,000.

As of October 31, 2013 and January 31, 2013, the Company had 9,240,000 and 8,800,000 shares of common stock issued and outstanding respectively.

NOTE 10 – STOCKHOLDERS’ EQUITY

The stockholders’ equity section of the Company contains the following classes of capital stock as of October 31, 2013:

Common stock, $ 0.0001 par value: 100,000,000 shares authorized; 9,240,000 shares issued and outstanding.

NOTE 11 – MINERAL CLAIMS

On January 28, 2010, the Company acquired a 100% interest in the Ford 1-4 minerals claims located in Esmeralda County, Nevada.

The claims and related geological report were acquired for $7,000.  These costs have been expensed as exploration costs during the period ended January 31, 2010.

On April 12, 2011, the Company paid the consulting geologist $8,000 to commence Phase One of the exploration program on the claims. The consulting geologist refunded $1,500 on September 18, 2011 as the funds were not required to complete the Phase 1 study.

F-8

NOTE 11 – MINERAL CLAIMS - CONTINUED

The Company has completed the Phase 1 study of its Ford 1-4 Mineral Claim in Esmeralda County, Nevada. Phase 1 consisted of mobile metal ion (MMI) soil sampling, proprietary IONIC Leach (IL) digestion and induction coupled plasma (ICP) analysis.

The Phase 1 work involved a total of 45 grid controlled MMI soil samples. The Phase 1 data rendered poor results. It is not likely that further study of the claim will yield any better result. Management, with the prime objective of maximizing shareholder value, is considering the options of obtaining additional funds to seek additional claims for exploration or an outright sale of the company.

F-9

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

FORWARD-LOOKING STATEMENTS

This Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) contains forward-looking statements that involve known and unknown risks, significant uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, or implied, by those forward-looking statements. You can identify forward-looking statements by the use of the words may, will, should, could, expects, plans, anticipates, believes, estimates, predicts, intends, potential, proposed, or continue or the negative of those terms. These statements are only predictions. In evaluating these statements, you should consider various factors, which may cause our actual results to differ materially from any forward-looking statements. Although we believe that the exceptions reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

RESULTS OF OPERATIONS

Working Capital

	October 31, 2013 $	January 31, 2013 $
Current Assets	184	1,078
Current Liabilities	35,092	41,977
Working Capital (Deficit)	(34,908)	(40,899)

Cash Flows

	October 31, 2013 $	October 31, 2012 $
Cash Flows from (used in) Operating Activities	(21,730)	(37,815)
Cash Flows from (used in) Financing Activities	21,100	37,823
Cash Flows from (used in) Investing Activities	--	--
Net Increase (decrease) in Cash During Period	(630)	8

Results for the Quarter Ended October 31, 2013 Compared to the Quarter Ended October 31, 2012.

Operating Revenues

The Company’s revenues for the quarter ended October 31, 2013, and October 31, 2012, were $Nil and $Nil, respectively.

Net Loss from Operations

The Company’s net loss from operations for the quarter ended October 31, 2013, and October 31, 2012, was $(4,978) and $(5,471), respectively.

General and Administrative Expenses

General and administrative expenses for the quarter ended October 31, 2013, and October 31, 2012, were $4,978 and $5,471, respectively.  General and administrative expenses consisted primarily of consulting fees, officer compensation, interest expense and professional fees.  The decrease was primarily attributable to a decrease in administrative fees appropriate for normal operations.

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Net Loss

Net loss for the quarter ended October 31, 2013, was $4,978 compared with a net loss of $5,471 for the quarter ended October 31, 2012.  The decrease in loss is due to a decrease in operating and administrative expenses.

Results for the Nine Months Ended October 31, 2013 Compared to the Nine Months Ended October 31, 2012.

Operating Revenues

The Company’s revenues for the nine months ended October 31, 2013, and October 31, 2012, were $Nil and $Nil, respectively.

Net Loss from Operations

The Company’s net loss from operations for the nine months ended October 31, 2013, and October 31, 2012, was $(16,008) and $(35,700), respectively.

General and Administrative Expenses

General and administrative expenses for the nine months ended October 31, 2013, and October 31, 2012, were $16,008 and $41,219, respectively.  General and administrative expenses consisted primarily of consulting fees, officer compensation, interest expense and professional fees.  The decrease was primarily attributable to a decrease in administrative fees appropriate for normal operations.

Net Loss

Net loss for the nine months ended October 31, 2013, was $16,008 compared with a net loss of $35,700 for the nine months ended October 31, 2012.  The decrease in loss is due to a decrease in operating expenses and administrative fees.

Results for the Period from January 8, 2010 (inception of development state) Through October 31, 2013.

Operating Revenues

The Company’s revenues for the period from January 8, 2010 (inception of development state) through October 31, 2013 were $Nil.

Net Loss from Operations

The Company’s net loss from operations for the period from January 8, 2010, (inception of exploration state) through October 31, 2013, was $122,236.

General and Administrative Expenses

General and administrative expenses for the period from January 8, 2010, (inception of exploration state) through October 31, 2013, were $122,236.  General and administrative expenses consist primarily of consulting fees, officer compensation, management fees, and professional fees appropriate for being a public company.

Net Loss

Net loss for the period from January 8, 2010, (inception of exploration state) through October 31, 2013, was $116,907.

Liquidity and Capital Resources

As at October 31, 2013, the Company had a cash balance and asset total of $184 and $184 respectively, compared with $814 and $1,078 of cash and total assets, respectively, as at January 31, 2013. The decrease in cash was due to the payments of professional fees and the decrease in total assets was due to the decrease in cash.

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As at October 31, 2013, the Company had total liabilities of $35,092 compared with $41,977 as at January 31, 2013. The decrease in total liabilities was attributed to the decrease in accounts payable.  

The overall working deficit decreased from $40,899 deficit at January 31, 2013, to $34,908 at October 31, 2013, due to a decrease in accounts payable.

Cashflow from Operating Activities

During the nine months ended October 31, 2013, cash used in operating activities was $(21,730) compared to $(37,815) for the nine months ended October 31, 2012. The decrease in the amounts of cash used for operating activities was primarily due to an increase in accounts prepayments and a decrease in the net loss.

Cashflow from Investing Activities

During the nine months ended October 31, 2013, cash used in investing activities was $Nil compared to $Nil for the nine months ended October 31, 2012.

Cashflow from Financing Activities

During the nine months ended October 31, 2013, cash provided by financing activity was $21,100 compared to $37,823 for the nine months ended October 31, 2012.  The decrease in cash provided by financing activities is due to the Company’s receiving less in advances from officers, but was offset by private placements from investors during the quarter.

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.

Future Financings

We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in the notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

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Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that such information is accumulated and communicated to our sole officer, as appropriate to allow timely decisions regarding required disclosure. We carried out an evaluation, under the supervision and with the participation of our sole officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of October 31, 2013. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses in our internal control over financial reporting identified in our Annual Report on Form 10-K for the year ended January 31, 2013, the sole officer concluded that our disclosure controls and procedures are ineffective.

Changes in internal controls

We have not yet implemented any of the recommended changes to internal control over financial reporting listed in our Annual Report on Form 10-K for the year ended January 31, 2013 and filed on April 30, 2013. As such, there were no changes in our internal control over financial reporting, as defined in Rule 13a-15(f) promulgated under the Exchange Act, during the quarter ended October 31, 2013, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

ITEM 1A.  RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

1. Quarterly Issuances:

On October 22, 2013, the Company closed a private placement of 200,000 common shares at $0.05 per share for a total offering price of $10,000. The common shares were offered by the Company pursuant to an exemption from registration under Regulation S of the Securities Act of 1933, as amended. The private placement was fully subscribed to by one non-U.S. person, we did not issue any unregistered securities, other than as previously disclosed.

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2. Subsequent Issuances:

Subsequent to the quarter, we did not issue any unregistered securities other than as previously disclosed.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

None.

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

Exhibit Number	Description of Exhibit	Filing
3.1	Articles of Incorporation	Filed with the SEC on March 8, 2010 as part of our Registration of Securities on Form S-1.
3.2	Bylaws	Filed with the SEC on March 8, 2010 as part of our Registration of Securities on Form S-1.
10.1	Private Placement Agreement by and between the Company ACR Holdings, Ltd., dated January 2, 2013	Filed with the SEC on January 4, 2013 as part of our Current Report on Form 8-K.
10.2	Private Placement Agreement, by and between the ACR Holdings, Ltd., dated February 11, 2013.	Filed with the SEC on February 12, 2013 as part of our Current Report on Form 8-K.
10.3	Private Placement Agreement, by and between the Company and ACR Holdings, Ltd., dated March 14, 2013	Filed with the SEC on March 18, 2013 as part of our Current Report on Form 8-K.
10.4	Form of Private Placement Agreement, by and between the Company and investor, dated October 22, 2013.	Filed with the SEC on October 22, 2013 as part of our Current Report on Form 8-K.
31.1	Certification of Principal Executive Officer Pursuant to Rule 13a-14	Filed herewith.
31.2	Certification of Principal Financial Officer Pursuant to Rule 13a-14	Filed herewith.
32.1	Certification of CEO and CFO Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
101.INS*	XBRL Instance Document	Furnished herewith.
101.SCH*	XBRL Taxonomy Extension Schema Document	Furnished herewith.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document	Furnished herewith.
101.LAB*	XBRL Taxonomy Extension Labels Linkbase Document	Furnished herewith.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document	Furnished herewith.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document	Furnished herewith.
*Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

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SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CINDISUE MINING CORP.

Dated: November 27, 2013

/s/ Daniel Martinez

By: DANIEL MARTINEZ

Its: President, Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated.

Dated: November 27, 2013

/s/ Daniel Martinez

By: DANIEL MARTINEZ

Its: Director

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