IRO.V - Inter-Rock Minerals Inc.(Dolomite Supplier)

[Jack_Aster]

Inter-Rock Minerals Inc Due Diligence
Based on Financial report and management discussion, ending June 30th 2015
Symbl: IRO.V
Price: $0.02
Common Shares: 22,617,811
Insider Holdings: 3,369,000(15%) As per

From MD&A: Inter-Rock owns MIN-AD, Inc. (

[Jack_Aster]

Quarterly results ending September 30th 2015
Symbl: IRO.V
Price: $0.03
Common Shares: 22,617,811
Insider Holdings: 3,369,000(15%) As per

All numbers and sales are in US dollars, leveraging the Canadian company right now.

Assets
Cash: $106,000
Accounts Receivable: $1,591,000
Inventory: $573,000
Prepaid Expenses: $185,000
Goodwill: $1
Plant & Equipment: $4,799,000
Mineral Properties: $258,00
Total Assets: $7,513,000

Liabilities
Accounts Payable: $1,408,000
Line of credit: $1,450,000
Equipment financing: $136,000
Asset Retirement: $102,000
Other Equipment:$241,000
Series A preferred shares: $3,417,000
Total Liabilities: $6,754,000

Sales over 3 months
Revenue: $2,845,000
Net income: $33,000USD or $42,000CAD(as of Dec.1)
EPS : $0.0014USD

Sales over 9 months
Revenue: $8,400,000
Net income: $24,000USD
Eps: $0.001USD

Breakdown below shows that Q1 was a rough start to the year, then management reorganized everything and Q2/Q3 are a new profitable trend for IRO.

Q1