ADAMANT DRI PROCESSING & MINERALS GROUP - Quarter Report: 2009 March (Form 10-Q)
UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
10-Q
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(X)
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Quarterly
report under section 13 or 15(d) of the Securities Act of
1934.
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For the
quarterly period ended March 31, 2009
(
) Transition report
under section 13 or 15(d) of the Securities Act of 1934.
For the
Transition period from _______ to ________.
Commission
file number: 000-49729
UHF
Incorporated
(Exact
Name of Small Business Issuer as Specified in its Charter)
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Michigan
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38-1740889
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(State
or Other Jurisdiction of
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(I.R.S.
Employer
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Incorporation
or Organization)
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Identification
Number)
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60 Port
Perry Road
North
Versailles, PA 15137
(Address
of Principal Executive Offices)
(412)
394-4039
(Issuer’s
Telephone Number, Including Area Code)
Check
whether the issuer (1) has filed all reports required to be filed by Section 13
or 15(d) of the Securities and Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days.
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Yes
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X
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;
No
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__
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Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).
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Yes
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X
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;
No
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__
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The
number of shares of the issuer’s common stock outstanding, as of April 14, 2009
was 9,480,754.
Transitional
Small Business Disclosure Format:
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Yes
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No
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X
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Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company. See definitions of “large accelerated filer”, “accelerated
filer” and “smaller reporting Company” in Rule 12b-2 of the Exchange
Act.
(Check
One)
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Large
Accelerated Filer
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Accelerated
Filer
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Non-accelerated
Filer
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Smaller
reporting company
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X
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(Do
not check if a smaller reporting company)
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PART I -
FINANCIAL INFORMATION
ITEM I
UHF
INCORPORATED
BALANCE
SHEETS
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ASSETS
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||||||||
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March
31,
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December
31,
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|||||||
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2009
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2008
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|||||||
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(Unaudited)
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(Audited)
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|||||||
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CASH
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$ | - | $ | - | ||||
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ORGANIZATION
COST
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- | - | ||||||
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TOTAL
ASSETS
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$ | - | $ | - | ||||
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LIABILITIES AND STOCKHOLDERS'
DEFICIT
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||||||||
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ACCRUED
EXPENSES
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$ | 20,500 | $ | 19,000 | ||||
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Total
liabilities
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20,500 | 19,000 | ||||||
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COMMITMENTS
AND CONTINGENCIES
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- | - | ||||||
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STOCKHOLDERS'
DEFICIT
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Common
stock, $.001 par value; 50,000,000 authorized
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||||||||
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shares,
9,480,754 issued and outstanding
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9,481 | 9,481 | ||||||
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PAID
IN CAPITAL
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(9,481 | ) | (9,481 | ) | ||||
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RETAINED
DEFICIT
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(20,500 | ) | (19,000 | ) | ||||
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Total
stockholders' deficit
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(20,500 | ) | (19,000 | ) | ||||
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TOTAL
LIABILITIES AND STOCKHOLDERS' DEFICIT
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$ | - | $ | - | ||||
The
accompanying notes are an integral part of these financial
statements.
UHF
INCORPORATED
STATEMENTS OF OPERATIONS AND
RETAINED DEFICIT
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Three
Month Period Ended
March
31,
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||||||||
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2009
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2008
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|||||||
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REVENUE
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$ | - | $ | - | ||||
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OPERATING
EXPENSES
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1,500 | 1,500 | ||||||
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NET
LOSS
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(1,500 | ) | (1,500 | ) | ||||
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Retained
Deficit - Beginning of Year
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(19,000 | ) | (13,000 | ) | ||||
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RETAINED
DEFICIT - END OF PERIOD
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$ | (20,500 | ) | $ | (14,500 | ) | ||
The
accompanying notes are an integral part of these financial
statements.
UHF
INCORPORATED
STATEMENTS OF CASH
FLOWS
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Three
Month Period Ended
March
31,
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||||||||
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2009
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2008
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CASH
FLOWS FROM OPERATING ACTIVITY - NONE
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$ | - | $ | - | ||||
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CASH
FLOW FROM INVESTING ACTIVITIES - NONE
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- | - | ||||||
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CASH
FLOWS FROM FINANCING ACTIVITIES - NONE
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- | - | ||||||
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Net
change in cash
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- | - | ||||||
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Cash
- Beginning of Year
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- | - | ||||||
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CASH
- END OF PERIOD
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$ | - | $ | - | ||||
The
accompanying notes are an integral part of these financial
statements.
UHF
INCORPORATED
NOTES TO FINANCIAL
STATEMENTS
1. UNAUDITED INTERIM FINANCIAL
STATEMENTS
In the
opinion of management, the accompanying unaudited financial statements contain
all adjustments necessary to present fairly the Company’s financial position as
of March 31, 2009 and the results of its operations and its cash flows for the
three month periods ended March 31, 2009 and 2008.
The
quarterly financial statements are presented in accordance with the requirements
of the Form 10-Q and do not include all of the disclosures required by
accounting principles generally accepted in the United States of
America. For additional information, reference is made to the
Company’s audited financial statements filed with Form 10-K for the years ended
December 31, 2008 and December 31, 2007. The results of operations
for the three month period ended March 31, 2009 and 2008 are not necessarily
indicative of operating results for the full year.
ITEM 4 T.
Controls and Procedures
Disclosure
Controls and Procedures
As of the
end of the reporting period covered by this report, March 31, 2009, our Chief
Executive Officer who also serves as our Chief Financial Officer carried out an
evaluation of the effectiveness of our disclosure controls and procedures as
defined in Securities Exchange Act Rule 13a-15(e).
Based
upon that evaluation our management concluded that our disclosure controls and
procedures were adequate and effective.
Changes
in Internal Control Over Financial Reporting
During
the most recent fiscal quarter, there were no changes in the Company’s internal
control over financial reporting identified in connection with the evaluation
required by paragraph (d) of Exchange Act Rules 13(a)-15 or 15d-15 that have
materially affected, or are reasonably likely to materially affect, the
Company’s internal control over financial reporting.
PART
II: OTHER INFORMATION
Item
6. Exhibits and Reports on Form 8-K
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(a)
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Exhibits.
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Restated
Articles of Incorporation and By-Laws, as amended to date, filed as Exhibit 2 to
the Company’s Registration Statement on Form 10-SB, and incorporated herein by
reference.
SIGNATURE
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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UHF INCORPORATED
(Registrant)
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Date:
April 14, 2009
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By:
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/s/ Ronald C. Schmeiser
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Ronald
C. Schmeiser
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President,
Chief Executive
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Officer
and Chief Financial
Officer
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