MABWE MINERALS INC.

CIK:0001163300|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating Expenses:
General and administrative	$ 31,185	$ 43,634	$ 111,657	$ 168,135
Site development and reclamation cost	0	0	0	12,000
Depreciation, amortization and accretion	278,784	0	560,622	0
Total operating expenses	309,969	43,634	672,279	180,135
Loss from operations	(309,969)	(43,634)	(672,279)	(180,135)
Interest income	0	737	0	2,067
Loss from continuing operations before income taxes	(309,969)	(42,897)	(672,279)	(178,068)
Provision for income taxes	0	0	0	0
Loss from continuing operations	(309,969)	(42,897)	(672,279)	(178,068)
Loss from discontinued operations	0	(176,425)	0	(529,067)
Net loss	$ (309,969)	$ (219,322)	$ (672,279)	$ (707,135)
Loss per share
Continuing operations	$ (0.01)	$ (0.00)	$ (0.02)	$ (0.01)
Discontinued operations	$ 0	$ (0.01)	$ 0	$ (0.04)
Weighted average number of shares outstanding	58,809,251	17,761,339	34,326,302	17,021,785

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net loss	$ (672,279)	$ (707,135)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, amortization and accretion	560,622	598
Common stock issues for services	0	7,300
Change in fair value of investment	0	12,367
Changes in operating assets and liabilities:
Prepaid expenses and other assets	1,575	7,280
Accounts payable and accrued liabilities	103,025	133,704
Related party payables	6,217	0
Net cash used in operating activities	(840)	(545,886)
Cash flows from investing activities:
Acquisition of Applied Photonics, cash acquired	65,437	0
Net cash provided by investing activities	65,437	0
Cash flows from financing activities:
Proceeds from notes payable	0	21,000
Net proceeds from related parties	0	518,647
Proceeds from private placement, net of fees (including cash received for shares to be issued) - preferred and common stock	0	5,000
Increase in cash from loan overdraft line of credit	0	239,975
Repayments on notes payable	0	(280,000)
Net cash provided by financing activities	0	504,622
Net increase (decrease) in cash	64,597	(41,264)
Cash at the beginning of the period	840	55,653
Cash at the end of the period	65,437	14,389
Supplement Disclosures of cash flow information:
Cash paid for interest	0	71,417
Supplemental Disclosures of Non-cash financing and investing activities:
Accrued interest payable (prepaid interest) added (removed) to (from) principal balance	0	5,770
Prepaid expenses incurred as a result of issuance of common stock	0	3,150
Non-cash acquisition of Fonon Technologies, Inc.
Purchase of inventory - Finish goods and work in process	1,220,642	0
Noncash or Part Noncash Acquisition, Other Assets Acquired	1,176,284	0
Total non-cash asset purchase	10,401,030	0
Total non-cash consideration	10,401,030	0
Non-cash acquisition of Applied Photonics
10,000,000 restricted common shares	800,000	0
Cash acquired	65,437	0
Accounts receivable	38,067	0
Debt repaid through issuance of 1,491,135 restricted common shares	534,015	0
Total non-cash consideration	10,401,030	0
Applied Photonics [Member]
Non-cash acquisition of Fonon Technologies, Inc.
Purchase of inventory - Finish goods and work in process	928,787	0
Purchase of fixed assets - office furniture	583,296	0
Intangibles	783,614	0
Total non-cash consideration	2,319,291	0
Non-cash acquisition of Applied Photonics
Cash acquired	65,437
Accounts receivable	38,067
Accounts payable	(79,910)	0
Total net assets acquired	2,319,291	0
Debt repaid through issuance of 1,491,135 restricted common shares	119,291
Debt Conversion, Converted Instrument, Amount	1,400,000	0
Total non-cash consideration	2,319,291	0
Applied Photonics [Member] \| Restricted Stock [Member]
Non-cash acquisition of Applied Photonics
Debt Conversion, Converted Instrument, Amount	119,291	0
Common Stock [Member]
Non-cash acquisition of Applied Photonics
10,000,000 restricted common shares	325,242	0
Warrant [Member]
Non-cash acquisition of Applied Photonics
10,000,000 restricted common shares	374,957	0
Additional Paid-in Capital [Member]
Non-cash acquisition of Applied Photonics
10,000,000 restricted common shares	9,700,831	0
Database Rights [Member]
Non-cash acquisition of Fonon Technologies, Inc.
Intangibles	676,000	0
Trademarks [Member]
Non-cash acquisition of Fonon Technologies, Inc.
Intangibles	35,000	0
Design and Documentation [Member]
Non-cash acquisition of Fonon Technologies, Inc.
Intangibles	5,397,000	0
Office Furniture [Member]
Non-cash acquisition of Fonon Technologies, Inc.
Purchase of fixed assets - office furniture	92,789	0
Infrastructure, Operational and Web Development [Member]
Non-cash acquisition of Fonon Technologies, Inc.
Noncash or Part Noncash Acquisition, Other Assets Acquired	364,042	0
Property, Plant and Equipment [Member]
Non-cash acquisition of Fonon Technologies, Inc.
Purchase of fixed assets - office furniture	$ 1,439,273	$ 0

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets
Cash	$ 65,437	$ 840
Prepaid expenses	0	1,575
Inventory	2,149,429	0
Accounts receivable	38,067	0
Total current assets	2,252,933	2,415
Plant, machinery and equipment, net	1,963,978	$ 0
Intangible assets	783,614
Software, trademarks and other, net of amortization	7,239,084	$ 0
Total assets	12,239,609	2,415
Current liabilities:
Accounts payable and accrued expenses	146,000	57,363
Commitment - guaranty of debt - investee	0	413,489
Related party payables	6,217	26,228
Total current liabilities	152,217	497,080
Promissory note - related party	1,400,000	0
Total liabilities	$ 1,552,217	$ 497,080
Commitment
Stockholders' equity (deficit):
Preferred stock, no par value; 5,000,000 shares authorized; no shares issued and outstanding	$ 0	$ 0
Common stock, $0.001 par; 500,000,000 shares authorized; 123,061,471 and 14,045,830 issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	123,061	14,046
Additional paid-in capital	98,980,146	87,609,934
Additional paid-in capital - warrants	553,835	178,726
Accumulated deficit	(88,969,650)	(88,297,371)
Total stockholders' equity (deficit)	10,687,392	(494,665)
Total liabilities and stockholders' equity (deficit)	$ 12,239,609	$ 2,415