$ACRG
American Clean Resources Group, Inc. Stock $acrg

$acrg Overview Financials Valuation SEC Filings Company Website

2014 Q4 Form 10-Q Financial Statement

#000114420414067808 Filed on November 13, 2014

Income Statement

Concept	2014 Q4	2014 Q3	2013 Q4
Revenue	$0.00	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$1.530M	$1.390M	$4.770M
YoY Change	-67.92%	131.67%	1123.08%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$10.00K	$0.00	$0.00
YoY Change
% of Gross Profit
Operating Expenses	$1.530M	$1.395M	$4.770M
YoY Change	-67.92%	132.28%	1123.08%
Operating Profit		-$1.395M
YoY Change		132.28%
Interest Expense	-$50.00K	$44.48K	-$10.00K
YoY Change	400.0%	-52.55%	-98.36%
% of Operating Profit
Other Income/Expense, Net	$0.00	-$190.4K	$50.00K
YoY Change	-100.0%	-85.14%
Pretax Income	-$1.580M	-$1.586M	-$4.950M
YoY Change	-68.08%	-15.75%	375.96%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$1.580M	-$1.586M	-$4.950M
YoY Change	-68.08%	-15.75%	375.96%
Net Earnings / Revenue
Basic Earnings Per Share		-$0.02
Diluted Earnings Per Share	-$0.76	-$0.78	-$2.81
COMMON SHARES
Basic Shares Outstanding	103.3M shares	102.2M shares	90.76M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2014 Q4	2014 Q3	2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$40.00K	$10.00K	$140.0K
YoY Change	-71.43%
Cash & Equivalents	$36.10K	$5.791K	$143.1K
Short-Term Investments
Other Short-Term Assets	$60.00K	$30.00K	$10.00K
YoY Change	500.0%	200.0%	0.0%
Inventory
Prepaid Expenses	$59.01K		$5.000K
Receivables
Other Receivables
Total Short-Term Assets	$95.11K	$40.00K	$148.1K
YoY Change	-35.78%	144.83%	1547.19%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.520M	$38.42M	$89.35K
YoY Change	3839.31%	9.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$38.68M	$38.42M	$89.35K
YoY Change	43189.98%	9.21%
TOTAL ASSETS
Total Short-Term Assets	$95.11K	$40.00K	$148.1K
Total Long-Term Assets	$38.68M	$38.42M	$89.35K
Total Assets	$38.77M	$38.46M	$35.40M
YoY Change	9.54%	9.27%	0.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.155M	$2.060M	$1.139M
YoY Change	89.17%	128.83%	86.3%
Accrued Expenses	$710.3K	$671.1K	$1.385M
YoY Change	-48.73%	-54.8%	-19.97%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$25.00K
YoY Change	-100.0%	-100.0%	-98.84%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.484M	$5.194M	$2.927M
YoY Change	87.35%	-16.24%	-60.23%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$2.090M
YoY Change	-100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$2.090M
YoY Change	-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.484M	$5.194M	$2.927M
Total Long-Term Liabilities	$0.00	$0.00	$2.090M
Total Liabilities	$5.480M	$5.190M	$5.020M
YoY Change	9.16%	-16.29%	-31.79%
SHAREHOLDERS EQUITY
Retained Earnings	-$52.07M		$35.83M
YoY Change	-245.33%
Common Stock	$103.7K	$102.7K	$91.27K
YoY Change	13.58%	65.06%	68.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$23.29M	$23.27M	$20.38M
YoY Change
Total Liabilities & Shareholders Equity	$38.77M	$38.46M	$35.40M
YoY Change	9.54%	9.27%	0.65%

Cashflow Statement

Concept	2014 Q4	2014 Q3	2013 Q4
OPERATING ACTIVITIES
Net Income	-$1.580M	-$1.586M	-$4.950M
YoY Change	-68.08%	-15.75%	375.96%
Depreciation, Depletion And Amortization	$10.00K	$0.00	$0.00
YoY Change
Cash From Operating Activities	-$1.460M	$600.0K	-$130.0K
YoY Change	1023.08%	-415.79%	1200.0%
INVESTING ACTIVITIES
Capital Expenditures	-$780.0K	$2.020M	$70.00K
YoY Change	-1214.29%	10000.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	$780.0K	-$2.020M	-$70.00K
YoY Change	-1214.29%	10000.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	720.0K	1.320M	330.0K
YoY Change	118.18%	500.0%	3200.0%
NET CHANGE
Cash From Operating Activities	-1.460M	600.0K	-130.0K
Cash From Investing Activities	780.0K	-2.020M	-70.00K
Cash From Financing Activities	720.0K	1.320M	330.0K
Net Change In Cash	40.00K	-100.0K	130.0K
YoY Change	-69.23%	-1100.0%
FREE CASH FLOW
Cash From Operating Activities	-$1.460M	$600.0K	-$130.0K
Capital Expenditures	-$780.0K	$2.020M	$70.00K
Free Cash Flow	-$680.0K	-$1.420M	-$200.0K
YoY Change	240.0%	576.19%	1900.0%

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	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	118559	USD
	smpr	Stock Issued For Exercise Of Warrants Value StockIssuedForExerciseOfWarrantsValue	3305783	USD
	smpr	Stock Issued During Period Value Accounts Payable StockIssuedDuringPeriodValueAccountsPayable	2298256	USD
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	7237008	USD
	smpr	Stock Issued During Period Value Accrued Expenses StockIssuedDuringPeriodValueAccruedExpenses	4592500	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	0	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	11829508	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1164262	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1106487	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	5000	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	24807	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	288882	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1724266	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	786352	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-66983	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-522195	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-87107	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	21000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1692210	USD
	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	0	USD
	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	1491306	USD
	smpr	Proceeds From Issuance Of Common Stock And Warrants Net ProceedsFromIssuanceOfCommonStockAndWarrantsNet	4000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-21000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-3183516	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	0	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	25000	USD
	smpr	Proceeds From Issuance Of Common Stock And Warrants Net ProceedsFromIssuanceOfCommonStockAndWarrantsNet	3158315	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	541542	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	0	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	545542	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	3133315	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	2347	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-137308	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	94	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2441	USD
	us-gaap	Stock Issued1 StockIssued1	713117	USD
	us-gaap	Stock Issued1 StockIssued1	0	USD
	smpr	Accrued Expenses Converted Into Notes Payable AccruedExpensesConvertedIntoNotesPayable	245967	USD
	smpr	Accrued Expenses Converted Into Notes Payable AccruedExpensesConvertedIntoNotesPayable	0	USD
	smpr	Short Term Notes Payable And Accrued Interest Converted Into Convertible Promissory Notes ShortTermNotesPayableAndAccruedInterestConvertedIntoConvertiblePromissoryNotes	-245967	USD
	smpr	Short Term Notes Payable And Accrued Interest Converted Into Convertible Promissory Notes ShortTermNotesPayableAndAccruedInterestConvertedIntoConvertiblePromissoryNotes	0	USD
	smpr	Debt Conversion Converted Instrument Shares Issued Value DebtConversionConvertedInstrumentSharesIssuedValue	0	USD
	smpr	Debt Conversion Converted Instrument Shares Issued Value DebtConversionConvertedInstrumentSharesIssuedValue	118559	USD
	smpr	Expenses Paid By Third Party ExpensesPaidByThirdParty	2063657	USD
	smpr	Expenses Paid By Third Party ExpensesPaidByThirdParty	0	USD
	smpr	Common Stock Issued For Payment Of Accrued Expenses CommonStockIssuedForPaymentOfAccruedExpenses	467150	USD
	smpr	Common Stock Issued For Payment Of Accrued Expenses CommonStockIssuedForPaymentOfAccruedExpenses	1114237	USD
	us-gaap	Nature Of Operations NatureOfOperations	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><u><font style="FONT-SIZE: 10pt">NOTE 1 - OVERVIEW</font></u></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Standard Metals Processing, Inc. (formerly Standard Gold Holdings, Inc., Standard Gold, Inc. and Princeton Acquisitions, Inc.) (the “Company”) was incorporated in the State of Colorado on July 10, 1985 as a blind pool or blank check company. On September 29, 2009, the Company completed a share exchange agreement with Hunter Bates Mining Corporation, a Minnesota corporation (“Hunter Bates”) and certain of its shareholders, in which Hunter Bates’ shareholders exchanged all of their capital securities into similar capital securities of the Company (the “Hunter Bates Share Exchange”) and the Company adopted the business model of Hunter Bates of mineral exploration and mining. Accordingly, the Hunter Bates Share Exchange represented a change in control and Hunter Bates became a wholly owned subsidiary of the Company.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Prior to September 29, 2009, Wits Basin Precious Minerals Inc., a Minnesota corporation and public reporting company quoted on the Pink Sheets under the symbol “WITM” (“Wits Basin”) was the majority shareholder of Hunter Bates. Hunter Bates was formed in April 2008 to acquire the prior producing gold mine properties (consisting of land, buildings, equipment, mining claims and permits) located in Central City, Colorado, known as the “Bates-Hunter Mine.” We had not engaged in any exploration or mining activities at the Bates-Hunter Mine properties and on April 29, 2011, the Company transferred all of its interests of Hunter Bates back to Wits Basin in order to develop the toll milling business as described below.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On March 15, 2011, the Company closed a series of transactions, whereby it acquired certain assets of Shea Mining & Milling, LLC (“Shea Mining”). The exchange agreement was by and between the Company, Shea Mining, Afignis, LLC, Leslie Lucas Partners, LLC, Wits Basin and Alfred A. Rapetti (the “Shea Exchange Agreement”) whereby the Company acquired certain assets from Shea Mining, which assets include those located in Tonopah, Nevada, of land, buildings, a dormant milling facility, abandoned milling equipment, water permits and mine tailings (financed through a note payable assigned to us), mine dumps, a property lease and a contract agreement in exchange for <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 35,000,000</font> shares of the Company’s unregistered shares. The Shea Exchange Agreement did not include any operable toll milling equipment, employees or operational processes and therefore has been accounted for as a purchase of a group of assets. The Company completed the Shea Exchange Agreement to acquire the Shea Mining assets and develop a toll milling services business of precious minerals. Toll milling is a process whereby mined material is crushed and ground into fine particles to ease the extraction of any precious minerals contained therein, such as gold, silver, lead, zinc and copper, and rare earth metals. See Note 4 Acquisition of Shea Milling and Mining Assets for a detailed discussion.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q3	smpr	Prepaid Expense Related Party Current PrepaidExpenseRelatedPartyCurrent	5000	USD
CY2013Q4	smpr	Prepaid Expense Related Party Current PrepaidExpenseRelatedPartyCurrent	0	USD
	smpr	Stock Warrant Expenses For Employee StockWarrantExpensesForEmployee	46011	USD
	smpr	Stock Warrant Expenses For Employee StockWarrantExpensesForEmployee	0	USD
CY2013Q3	smpr	Stock Warrant Expenses For Employee StockWarrantExpensesForEmployee	46011	USD
CY2014Q3	smpr	Stock Warrant Expenses For Employee StockWarrantExpensesForEmployee	0	USD
	smpr	Expense Incurred To Issuance Of Warrants Attendant To Conversion Of Convertible Notes ExpenseIncurredToIssuanceOfWarrantsAttendantToConversionOfConvertibleNotes	46011	USD
	smpr	Expense Incurred To Issuance Of Warrants Attendant To Conversion Of Convertible Notes ExpenseIncurredToIssuanceOfWarrantsAttendantToConversionOfConvertibleNotes	0	USD
	smpr	Increase Decrease In Prepaid Expense To Related Party IncreaseDecreaseInPrepaidExpenseToRelatedParty	5000	USD
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2014-09-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Registrant Name EntityRegistrantName	Standard Metals Processing, Inc.
	dei	Entity Central Index Key EntityCentralIndexKey	0000773717
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Trading Symbol TradingSymbol	SMPR
CY2014Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	103285603	shares
CY2014Q3	smpr	Loss On Settlement Of Debt LossOnSettlementOfDebt	147468	USD
CY2014Q3	us-gaap	Fair Value Assumptions Exercise Price FairValueAssumptionsExercisePrice	2.00
CY2014Q3	us-gaap	Fair Value Assumptions Expected Volatility Rate FairValueAssumptionsExpectedVolatilityRate	0.75	pure
CY2014Q3	us-gaap	Fair Value Assumptions Risk Free Interest Rate FairValueAssumptionsRiskFreeInterestRate	0.0098	pure
CY2014Q3	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights	150000	shares

Files In Submission

Name	View Source	Status
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0001144204-14-067808-index.html	Edgar Link	pending
0001144204-14-067808.txt	Edgar Link	pending
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R10.htm	Edgar Link	pending
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report.css	Edgar Link	pending
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smpr-20140930.xml	Edgar Link	completed
smpr-20140930.xsd	Edgar Link	pending
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v393400_10q.htm	Edgar Link	pending
v393400_ex31-1.htm	Edgar Link	pending
v393400_ex31-2.htm	Edgar Link	pending
v393400_ex32-1.htm	Edgar Link	pending
v393400_ex32-2.htm	Edgar Link	pending

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2014 Q4 Form 10-Q Financial Statement

#000114420414067808 Filed on November 13, 2014

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