BAY RESOURCES LTD

CIK:0000814904|SEC Filings

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Revenues
Costs and expenses:
Legal, accounting and professional	$ 9	$ 14	$ 29	$ 52
Administration expenses	7	18	58	134
Total costs and expenses	16	32	87	186
Foreign currency exchange (loss)	(98)	69	(356)	(40)
Recovery of/(allowance for) doubtful debt	97	(36)	246	(745)
Gain on marketable investment				2
Other income:
Interest income		$ (1)
(Loss) from operations before income taxes	$ (17)		$ (197)	$ (969)
Benefit for deferred income taxes
Net (loss)	$ (17)		$ (197)	$ (969)
Other comprehensive (loss):
Foreign currency translation adjustments				3
Comprehensive (loss)	$ (17)		$ (197)	$ (966)
Basic and diluted net (loss) per common equivalent shares (in dollars per share)	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.02)
Weighted average number of common equivalent shares used per share calculation (in shares)	56,807	56,807	56,807	56,807

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
CASH FLOW FROM OPERATING ACTIVITIES
Net (loss)	$ (17)		$ (197)	$ (969)	$ (961)
Adjustments to reconcile net (loss) to net cash provided by/(used) in operating activities
Foreign currency exchange loss	98	$ (69)	356	40
(Gain) on sale/revaluation of marketable investment				(2)
(Recovery of)/allowance for doubtful debt	(97)	36	(246)	745
Net change net of disposition and acquisition in:
Receivables			152	11
Prepaid expenses and deposits			1
Accounts payable and accrued expenses			45	24
Net Cash Provided by/(Used) in Operating Activities			$ 111	(151)
CASH FLOW FROM INVESTING ACTIVITIES
Proceeds from sale of marketable securities				402
Net Cash Provided by Investing Activities				402
CASH FLOW FROM FINANCING ACTIVITIES
Borrowings from affiliates			$ 37	149
Advances and repayments to affiliates			(127)	(1,038)
Net Cash (Used) in Financing Activities			$ (90)	(889)
Effects of Exchange Rate on Cash				2
Net (Decrease) in Cash			$ 21	(636)
Cash at Beginning of Period			1	637	637
Total Cash at End of Period	$ 22	$ 1	$ 22	$ 1	$ 1
Supplemental Disclosures
Interest Paid

Consolidated Balance Sheet - USD ($) $ in Thousands	Mar. 31, 2015	Jun. 30, 2014
Current Assets
Cash	$ 22	$ 1
Receivables	13	44
Receivables - affiliates	46	56
Advances receivable		131
Prepaid expenses and deposits		1
Total Current Assets	81	233
Total Assets	81	233
Current Liabilities
Accounts payable and accrued expenses	158	113
Total Current Liabilities	158	113
Total Liabilities	158	113
Stockholders' Equity (Deficit):
Common Stock: $.0001 par value 400,000,000 shares authorized 56,807,408 issued and outstanding	5	5
Additional paid-in-capital	41,428	41,428
Less treasury stock at cost, 125 shares	(19)	(19)
Retained (deficit)	(41,491)	(41,294)
Total Stockholders' Equity (Deficit)	(77)	120
Total Liabilities and Stockholders' Equity (Deficit)	$ 81	$ 233