ADAMANT DRI PROCESSING & MINERALS GROUP - Quarter Report: 2010 September (Form 10-Q)

Unassociated Document

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 Act of 1934.

	For the quarterly period ended September 30, 2010

o	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)

Michigan		38-1740889
(State or Other Jurisdiction of		(I.R.S. Employer
Incorporation or Organization)		Identification Number)

60 Port Perry Road

North Versailles, PA 15137

(Address of Principal Executive Offices)

(412) 824-2120

(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.

Yes x; No o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes x; No o

The number of shares of the issuer’s common stock outstanding, as of November 5, 2010 was 9,480,754.

Transitional Small Business Disclosure Format: Yes o No x

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)

Large Accelerated Filer o	Accelerated Filer o

Non-accelerated Filer o	Smaller reporting company x
(Do not check if a smaller reporting company)

PART I - FINANCIAL INFORMATION

ITEM I

UHF INCORPORATED

BALANCE SHEETS

ASSETS

	September 30,			December 31,
	2010			2009
	(Unaudited)

CASH	$	-		$	-

ORGANIZATION COST		-			-

TOTAL ASSETS	$	-		$	-


LIABILITIES AND STOCKHOLDERS' DEFICIT


ACCRUED EXPENSES	$	29,500		$	25,000

Total liabilities		29,500			25,000

COMMITMENTS AND CONTINGENCIES		-			-

STOCKHOLDERS' DEFICIT
Common stock, $.001 par value; 50,000,000 authorized
shares, 9,480,754 issued and outstanding		9,481			9,481

PAID IN CAPITAL		(9,481	)		(9,481	)

RETAINED DEFICIT		(29,500	)		(25,000	)

Total stockholders' deficit		(29,500	)		(25,000	)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	-		$	-

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

UHF INCORPORATED

STATEMENTS OF OPERATIONS AND RETAINED DEFICIT

(UNAUDITED)

	Three Month Period Ended						Nine Month Period Ended
	September 30,						September 30,
	2010			2009			2010			2009

REVENUE	$	-		$	-		$	-		$	-

OPERATING EXPENSES		1,500			1,500			4,500			4,500

NET LOSS		(1,500	)		(1,500	)		(4,500	)		(4,500	)

Retained Deficit - Beginning of Period		(28,000	)		(22,000	)		(25,000	)		(19,000	)

RETAINED DEFICIT - END OF PERIOD	$	(29,500	)	$	(23,500	)	$	(29,500	)	$	(23,500	)

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

UHF INCORPORATED

STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Nine Month Period Ended September 30,
	2010		2009

CASH FLOWS FROM OPERATING ACTIVITY - NONE	$	-	$	-

CASH FLOW FROM INVESTING ACTIVITIES - NONE		-		-

CASH FLOWS FROM FINANCING ACTIVITIES - NONE		-		-

Net change in cash		-		-

Cash - Beginning of Year		-		-

CASH - END OF PERIOD	$	-	$	-

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

UHF INCORPORATED

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

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 September 30, 2010 and the results of its operations for the three and nine month periods ended September 30, 2010 and 2009 and its cash flows for the nine month periods ended September 30, 2010 and 2009.

	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, 2009 and December 31, 2008. The results of operations for the nine month period ended September 30, 2010 and 2009 are not necessarily indicative of operating results for the full year.

2.	RELATED PARTY TRANSACTIONS

	The Company’s majority shareholder has paid the Company’s ongoing expenses related to the independent auditor fees. The accrued fees represent the amount paid to date by the majority shareholder on the Company’s behalf. No note exists between the majority shareholder and the Company related to these amounts. All amounts are due on demand and the outstanding amount does not accrue interest.

3.	SUBSEQUENT EVENTS

	The Company has evaluated subsequent events in accordance with Accounting Standards Codification Topic 855, Subsequent Events, through the date which the financial statements were available to be issued. During our evaluation, no subsequent event items were identified.

ITEM 4 T. Controls and Procedures

Disclosure Controls and Procedures

As of the end of the reporting period covered by this report, September 30, 2010, 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

	(a)	Exhibits.

		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.

		Exhibit 31.1 - Certification of the Principal Executive Officer and Principal Financial Officer, filed herewith.

		Exhibit 32.1 - Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes - Oxley Act of 2002, filed herewith.

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.

		UHF INCORPORATED
		(Registrant)



Date: November 5, 2010	By:	/s/ Ronald C. Schmeiser
		Ronald C. Schmeiser
		President, Chief Executive
		Officer and Chief Financial Officer