NORTH BAY RESOURCES INC

CIK:0001450524|SEC Filings

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Gold Sales	$ 0	$ 6,602	$ 0	$ 6,602
Gross Profit	0	6,602	0	6,602
Operating Expenses
General & Administrative Costs	68,445	86,188	219,398	257,612
Mining Property Costs	4,408	484,642	22,636	1,170,747
Depreciation Expense	18,121	28,786	68,281	82,682
Accretion Expense	76	117	228	383
Professional Services	10,125	26,710	50,206	127,189
Total Operating Expenses	101,175	626,443	360,749	1,638,613
Net Operating Loss	(101,175)	(619,841)	(360,749)	(1,632,011)
Other Income (Expenses)
Gain on Mineral Claim Sales	0	2,000	0	2,000
Other Income from Mineral Claims	100,000	200,000	200,000	200,000
Interest Income	79	1,370	236	6,242
Interest Expense	(222,552)	(392,567)	(907,753)	(1,017,569)
Gain/Loss on Derivative Liability	21,374	(29,050)	431,015	523,528
Loss on Settlement	0	(38,630)	0	(71,103)
Other Income	0	0	3,842	52,203
Gain on Forgiveness of Debt		0	4,161	0
Realized Gain (Loss) on Investment	(12,517)	0	(48,958)	0
Net Other Income (Expenses)	(113,616)	(256,877)	(317,457)	(304,699)
Net Loss	(214,791)	(876,718)	(678,206)	(1,936,710)
Interest on Redeemable Common Stock	0	0	0	(29,288)
Net Loss Attributable to Common Shareholders	(214,791)	(876,718)	(678,206)	(1,965,998)
Unrealized (Loss)/Gain on Available For Sale Securities	0	(43,587)	0	(43,587)
Total Comprehensive (Loss)/Gain	$ (214,791)	$ (920,305)	$ (678,206)	$ (2,009,585)
WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (Basic) (in Shares)	783,064,173	1,129,401	321,802,844	910,517
Basic Net Loss per Share (in Dollars per share)	$ 0.00	$ (0.82)	$ 0.00	$ (2.21)
WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (Diluted) (in Shares)	783,064,173	1,129,401	321,802,844	910,517
Diluted Net Loss per Share (in Dollars per share)	$ 0.00	$ (0.82)	$ 0.00	$ (2.21)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS	9 Months Ended
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ (678,206)	$ (1,936,710)
Adjustments to reconcile Net Income (Loss) to net cash provided by (used in) operations:
Common Stock issued for services	0	2,700
Loss on conversion of debt and deferred compensation	0	71,109
Amortization of discount on debt	671,425	758,077
Amortization of deferred financing cost	54,398	75,492
Amortization of gold advances discount	0	4,289
Change in derivative liability	(431,015)	(523,528)
Depreciation Expense	68,281	82,682
Accretion Expense	228	383
Gain on Forgiveness of Debt	(4,161)	0
Loss of Sale of Investment	3,783	0
Changes in operating assets and liabilities:
Accounts receivable	(11,906)	(30,000)
Other assets	(234)	(241)
Accrued expenses – related party	147,000	102,000
Accrued interest	182,087	95,619
Accrued expenses	0	(20,000)
Accounts Payable	9,890	(3,696)
Other current assets	50,930	0
Net Cash Provided by (Used in) Operating Activities	62,500	(1,321,824)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from Fixed Asset Disposal	0	1,000
Investment received for claim sales	(105,755)	(100,000)
Cash Received in Sale of Investment	9,260	0
Net Cash Provided by/Used in Investing Activities	(96,495)	(99,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock	0	742,300
Advances - Gold	0	(200,000)
Cash paid for deferred financing costs	0	(85,430)
Advances from shareholder	20,000	0
Debt Repayments	(17,957)	(154,069)
Borrowings on convertible debt	46,500	1,147,500
Net Cash Provided by Financing Activities	48,543	1,450,301
Net cash increase (decrease) for period	14,548	29,477
Cash at beginning of period	32,060	133,873
Cash at end of period	46,608	163,350
Supplementary Cash Flow Information:
Cash Paid for Interest	0	25,000
Cash Paid for Taxes	0	0
Non-Cash Investing & Financing Activities:
Revision to Asset Retirement Obligation	0	1,708
Common stock issued for conversion of convertible debt	184,250	551,035
Debt discount due to derivative liability	75,906	1,065,697
Interest on Redeemable Common Stock	0	29,288
Debt issued for deferred financing costs	26,500	0
Mezzanine shares returned to CS/APIC	0	697,046
Unrealized Gain/(Loss) on AFS	0	43,587
Settlement of Derivative Liability, Convertible Debt [Member]
Non-Cash Investing & Financing Activities:
Settlement of Derivative liability	335,379	274,680
Settlement of Derivative Liability, Gold [Member]
Non-Cash Investing & Financing Activities:
Settlement of Derivative liability	0	2,223
Stock Payable for Deferred Financing Costs [Member]
Non-Cash Investing & Financing Activities:
Common stock owed for deferred financing costs	$ 0	$ 19,440

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current Assets
Cash	$ 46,608	$ 32,060
Accounts Receivable	13,421	1,515
Deferred Financing Costs, net	3,151	31,049
Available For Sale Securities	75,738	33,956
Total Current Assets	138,918	98,580
Other Assets
Certificates of Deposit - Pledged	173,434	173,200
Prepaid Expenses	36,920	36,920
Mining Claims – Unproved	1,795,778	1,795,778
Property, Plant & Equipment, net of accumulated depreciation	438,438	506,719
Reclamation Bond – Fraser River	5,000	5,000
Total Other Assets	2,449,570	2,517,617
TOTAL ASSETS	2,588,488	2,616,197
Current Liabilities
Accounts Payable	136,596	126,706
Accrued Expenses - Related Party	1,094,624	947,624
Accrued Interest	379,807	200,404
Convertible notes payable (net of discounts of $166,985 and $762,510, respectively)	945,908	1,045,512
Convertible notes payable (net of discounts of $0 and $0, respectively) - default	597,817	0
Derivative Liabilities – Convertible Debt	693,325	1,383,813
Note Payable – Ruby Mine Mortgage	1,697,055	1,697,055
Note Payable - Equipment	16,721	17,548
Total Current Liabilities	5,561,853	5,418,662
Long-Term Liabilities
Note Payable – Equipment, net of current portion		12,551
Asset Retirement Obligation	5,180	4,952
Total Long-Term Liabilities	5,180	17,503
Total Liabilities	5,567,033	5,436,165
Stockholders’ Equity (Deficit)
Common stock, $0.00001 par value, 7,500,000,000 shares authorized, 1,011,579,972 and 9,163,491 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	10,116	92
Additional Paid-In Capital	16,401,451	15,891,846
Stock Payable	79,648	79,648
Accumulated Deficit	(19,473,760)	(18,795,554)
Total Stockholders’ Equity (Deficit)	(2,978,545)	(2,819,968)
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)	2,588,488	2,616,197
Series I Preferred Stock [Member]
Stockholders’ Equity (Deficit)
Preferred stock, value issued	0	0
Series A Preferred Stock [Member]
Stockholders’ Equity (Deficit)
Preferred stock, value issued	$ 4,000	$ 4,000