MMMM Quad M Solutions Inc (CE)

Mineral Mountain Mining & Milling Company (“we”, “our”, the “Company”) is filing this Form 8-K to provide notice that it intends to restate the financial statements and to amend portions of its “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Reports on Form 10-K for the fiscal years ended September 30, 2016, September 30, 2017 and September 30, 2018, which we originally filed with the Securities and Exchange Commission (the “Original Form 10-K’s”). Additionally, the Company intends to restate the unaudited financial statements and to amend portions of its “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Quarterly Reports on Form 10-Q for the quarters ending December 31, 2017, March 31, 2018, June 30, 2018 and December 31, 2018, which we originally filed with the Securities and Exchange Commission (the “Original Form 10-Q’s”). The financial statements during these periods should no longer be relied upon.

In November 2018, information came to the attention of Company management that led it to investigate whether one of the Company’s property and mineral leases, its Alaska Property and Mineral Lease, qualified for early adoption of ASU No. 2016-02, resulting in the recognition of a right of use asset and lease liability in accordance with ASC 842, was the absolute best accounting practice or whether, had the Company not chosen early adoption, lease payments should have been expensed as incurred in accordance with ASC 840. Company management concluded on February 14, 2019 and notified the Board that it was in the Company’s best interest to account for the Alaska Property and Mineral Lease payments as expenses as incurred pursuant to ASC 840.

On February 15, 2019, the Company’s independent registered public accounting firm, Fruci & Associates II, PLLC (“Fruci”), concurred that the audited consolidated financial statements included in the Original Form 10-K’s and the unaudited consolidated financial statements included in the 10-Q’s should be amended accordingly.

In the Original Form 10-K’s, the Company’s management had decided the Alaska Property and Mineral Lease qualified for early adoption of ASU No. 2016-02 (ASC 842), resulting in the recognition of a right of use asset and lease liability, as there was a significant infrastructure asset present on the Company’s leased property and an exclusive right to use that infrastructure pursuant to the terms of the Alaska Property and Mineral Lease.

As discussed above, management has now decided that it is in the Company’s best interest to account for the lease payments by the Company pursuant to the Alaska Property and Mineral Lease as expenses as incurred in accordance with ASC 840, despite the presence of the significant infrastructure asset on site. Additionally, management determined that the Alaska Property and Mineral Lease should not be applied to the assets of the Company pursuant to ASC 842.