10-Q

U. S. Securities and Exchange Commission

Washington, D. C. 20549

FORM 10-Q

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

             For the quarterly period ended June 30, 2014

[   ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission File No. 0-52368

TINTIC GOLD MINING COMPANY
(Exact Name of Registrant in its Charter)
Nevada	87-0448400
(State or Other Jurisdiction of incorporation or organization)	(I.R.S. Employer I.D. No.)
1288 Jigao Road, Minbei Industrial District, Minhang, Shanghai, P.R. China 201107
(Address of Principal Executive Offices)
Issuer’s Telephone Number: 86-21-62965657

Indicate  by check mark  whether the  Registrant  (1) has filed all reports required to be filed by Sections 13 or 15(d) of the  Securities Exchange Act of 1934  during  the  preceding  12 months  (or for such shorter  period  that the Registrant was required to file such reports),  and (2) has been subject to such filing requirements for the past 90 days.  Yes [X]                No [  ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files.)  Yes [X]    No [  ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes [X]    No [   ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check One)

Large accelerated filerAccelerated filer __________Non-accelerated filer Smaller reporting company [X]

APPLICABLE ONLY TO CORPORATE ISSUERS:  Indicate the number of shares outstanding of each of the Registrant's classes of common stock, as of the latest practicable date:

August 12, 2014

Common Voting Stock: 1,858,338

TINTIC GOLD MINING COMPANY
[A Development Stage Company]
BALANCE SHEETS
	June 30,			December 31,
	2014			2013
ASSETS	(Unaudited)
CURRENT ASSETS:
Cash	$	-		$	-
Total Assets	$	-		$	-
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES:
Accounts payable and accrued expense	$	-		$	-
Loan from related party		-			83,969
Total Current Liabilities		-			83,969
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $.001 par value, 50,000,000 shares authorized, 1,858,338 issued and outstanding		1,858			1,858
Capital in excess of par value		354,761			255,349
Deficit accumulated during the development stage		(356,619	)		(341,176	)
Total Stockholders' Equity (Deficit)		-			(83,969	)
Total Liabilities and Stockholders' Equity (Deficit)	$	-		$	-

1

TINTIC GOLD MINING COMPANY
[A Development Stage Company]
STATEMENTS OF OPERATIONS
(Unaudited)
													From inception of
													development stage
													on December 31,
	For the Three Months Ended						For the Six Months Ended						1997, through
	June 30,			June 30,			June 30,			June 30,			June 30,
	2014			2013			2014			2013			2014
Revenues	$	-		$	-		$	-		$	-		$	-
Total Revenues		-			-			-			-			-
Expenses
General & Administrative		7,238			12,001			15,443			12,720			286,687
Failed acquisition costs		-			-			-			-			85,758
Total Expenses		7,238			12,001			15,443			12,720			372,445
Loss From Operations		(7,238	)		(12,001	)		(15,443	)		(12,720	)		(372,445	)
Other Income (Expense)
Interest Income		-			-			-			-			8,632
Interest Expense		-			-			-			-			(44	)
Warrant Grant		-			-			-			-			(2,611	)
Gain on Sale of Securities		-			-			-			-			8,084
Total Other Income & Expense		-			-			-			-			14,061
Loss Before Income Taxes		(7,238	)		(12,001	)		(15,443	)		(12,720	)		(358,384	)
Current Income Taxes (Benefit)		-			-			-			-			(1,765	)
Deferred Tax Expense		-			-			-			-			-
Net Loss	$	(7,238	)	$	(12,001	)	$	(15,443	)	$	(12,720	)	$	(356,619	)
Loss per Share	$	(0.00	)	$	(0.01	)	$	(0.01	)	$	(0.01	)

2

TINTIC GOLD MINING COMPANY
[A Development Stage Company]
STATEMENTS OF CASH FLOWS
							From inception of
							development stage on
							December 31, 1997
	For the Six Months Ended						through
	June 30,			June 30,			June 30,
	2014			2013			2014
Cash flows used in operating activities:
Net loss	$	(15,443	)	$	(12,720	)	$	(356,619	)
Adjustments to reconcile net loss to cash used in operating activities:
Non-cash stock issued for services rendered		-			-			97,846
Gain on sale of securities		-			-			(8,084	)
Warrant grant		-			-			2,611
Change in operating assets and liabilities:
(Decrease) increase in accounts payable		-			1,831			(147	)
Payment of expenses by related party		-			-			33,975
Decrease in income taxes payable		-			-			(565	)
Net cash used in operating activities		(15,443	)		(10,889	)		(230,983	)
Cash flows from investing activities:
Purchase of securities		-			-			(7,609	)
Proceeds from sale of securities		-			-			23,960
Net cash flows provided by investing activities		-			-			16,351
Cash flows from financing activities:
Proceeds from capital contributions		15,443			-			15,443
Proceeds from note payable - related party		-			-			3,501
Proceeds from loans - related party		-			10,889			108,315
Proceeds from sale of common stock		-			-			55,000
Net cash flows provided by financing activities		15,443			10,889			182,259
Net decrease  in cash		-			-			(32,373	)
Cash and cash equivalents at beginning of period		-			-			32,373
Cash and cash equivalents at end of period	$	-		$	-		$	-
Supplemental Disclosures of Cash Flow Information:
Cash paid during the periods for:
Interest	$	-		$	-		$	-
Income taxes	$	-		$	-		$	3,565
Non-cash investing and financing:
Related party forgave debt, which is accounted for as a capital contribution.	$	83,969		$	-		$	83,969

3

TINTIC GOLD MINING COMPANY

[A Development Stage Company]

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

History and Nature of Business - Tintic Gold Mining Company (“the Company”) was organized under the laws of the State of Nevada on March 8, 2004 as a wholly-owned subsidiary of Tintic Gold Mining Company (“Parent”), a Utah corporation, (now known as KIWA Bio-Tech Products Group Corporation).  The Company was founded for the purpose of continuing the exploration of the mining claims transferred to it by Parent.  In 2006 Parent distributed the outstanding shares of the Company to its shareholders pursuant to a registration statement declared effective by the Securities and Exchange Commission on October 18, 2006.

As a part of a change in control of the Company in December 2009 and in consideration of the waiver of debt owed by the Company to the previous controlling shareholders, the Company agreed to a put and call agreement wherein the shareholders were given an irrevocable option to acquire the Company’s right, title and interest in all of the mining claims.  The shareholders also granted to the Company an irrevocable option to require the shareholders to accept title to the mining claims at any time during the option period.  The Company exercised the option on February 8, 2010, and transferred all of its mining assets to the previous controlling shareholders.

The Company currently has no business assets and no business operations.

Financial Statement Presentation. The accompanying financial statements include the prior operations of Parent from its inception of exploration stage activities on December 31, 1997 through the spin-off of the Company, and include the accounts of the Company from its date of incorporation to the date of the financial statements.

Development Stage.  On and prior to December 31, 2009, the Company was considered to be an Exploration Stage Company, although, as of December 31, 2009, the Company did not have any current mining exploration, development or production activities on its existing properties.  After transferring its mining assets to its prior majority shareholders in February 2010, the Company became a development stage company.

Condensed Financial Statements.  The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at June 30, 2014 and 2013 and for the periods then ended have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2013 audited financial statements.  The results of operations for the period ended June 30, 2014 are not necessarily indicative of the operating results for the full year.

4

TINTIC GOLD MINING COMPANY

[A Development Stage Company]

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Cash and Cash Equivalents - The Company considers all highly-liquid debt investments purchased with a maturity of three months or less to be cash equivalents.

Income Taxes - The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes”, on January 1, 2007.  As a result of the implementation of ASC Topic No. 740, the Company recognized approximately no increase in the liability for unrecognized tax benefits.

The Company has no tax positions at June 30, 2014 and December 31, 2013 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.

The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.  During the six month periods ended June 30, 2014 and 2013, the Company recognized no interest and penalties.  The Company had no accruals for interest and penalties at June 30, 2014 and December 31, 2013.  All tax years starting with 2010 are open for examination.

Loss Per Share - The computation of loss per share is based on the weighted average number of common shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings Per Share” [See Note 5].

Accounting Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reported period.  Actual results could differ from those estimated.

Recently Enacted Accounting Standards - There were no recently enacted accounting standards that the Company expects to have a material effect on its financial statements for future periods.

NOTE 2 - CAPITAL STOCK

Common Stock - The Company has authorized 50,000,000 shares of common stock with a par value of $.001.

Warrants - In conjunction with the change in control in December 2009, the Company exchanged common stock purchase warrants in exchange for 270,584 shares of the Company’s common stock, which shares were being held as treasury shares.  The common stock purchase warrants allowed the holders to acquire 0.4% of the outstanding common stock of the Company within two years from the date of issuance of said purchase warrants.  The warrants were valued at $.20 per share given up or $54,117.

5

TINTIC GOLD MINING COMPANY

[A Development Stage Company]

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 2 - CAPITAL STOCK (Continued)

In December 2011 the termination date of the warrants was extended to June 18, 2012.  The fair value of $1,119 for the six month extension was calculated using a Black-Scholes option pricing model with the following assumptions:

Expected life	0.5 years
Expected volatility	1%
Risk-free interest rate	1.46%
Expected dividend yield	0.00%

In June 2012 the termination date of the warrants was extended to December 18, 2012.  The fair value of $746 for the six month extension was calculated using a Black-Scholes option pricing model with the following assumptions:

Expected life	0.5 years
Expected volatility	1%
Risk-free interest rate	0.625%
Expected dividend yield	0.00%

In December 2012 the termination date of the warrants was extended to June 18, 2013.  The fair value of $746 for the six month extension was calculated using a Black-Scholes option pricing model with the following assumptions:

Expected life	0.5 years
Expected volatility	1%
Risk-free interest rate	0.77%
Expected dividend yield	0.00%

On June 18, 2013 the warrants expired.

NOTE 3 - RELATED PARTY TRANSACTIONS

Related Party Loans – During the six month periods ended June 30, 2013, a portion of the expenses of the Company were paid by its majority shareholder.  The payments were recorded as “loans from related party.”  The loans were payable on demand and did not bear interest. At December 31, 2013 the balance due from the Company to its majority shareholder was $83,969.  During the three month period ended March 31, 2014, the majority shareholder contributed the entirety of that amount to the capital of the Company.

Capital Contributions - During the six months ended June 30, 2014 a portion of the expenses of the Company were paid by its majority shareholder.  The payments totaled $15,443 and were recorded as a contribution to capital.

Management Compensation - During the six month periods ended June 30, 2014 and 2013, the Company did not pay any compensation to any officer or director of the Company.

Office Space - The Company has not had a need to rent office space.  An officer of the Company allows the Company to use his address, as needed, at no expense to the Company.

6

TINTIC GOLD MINING COMPANY

[A Development Stage Company]

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 4 - GOING CONCERN

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern.  However, the Company has not yet been successful in establishing profitable operations and, as of June 30, 2014, the Company had no assets.

These factors raise substantial doubt about the ability of the Company to continue as a going concern.  In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans, capital contributions, an additional sales of its common stock or through a possible business combination.  There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations.  The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

NOTE 5 - LOSS PER SHARE

The following data shows the amounts used in computing loss per share:

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Loss from continuing operations available to common shareholders (numerator)	$	( 7,238	)	$	( 12,001	)	$	( 15,443	)	$	( 12,720	)
Weighted average number of common shares outstanding used in loss per share for the period (denominator)		1,858,338			1,858,338			1,858,338			1,858,338

Dilutive loss per share was not presented, as the Company had no common stock equivalent shares for all periods presented that would affect the computation of diluted loss per share.

NOTE 6 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events from the balance sheet date and determined there are no events to disclose through the date the financial statements were issued.

7

ITEM 2.               MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Results of Operations

We currently have no assets and no operations.  During the three and six months ended June 30, 2014, we realized no revenue and incurred $7,238 and $15,443, respectively,  in operating expenses, resulting in losses from operations and net losses in those amounts.  During the three and six months ended June 30, 2013, we realized no revenue and incurred $12,001 and $12,720, respectively, in operating expenses, resulting in net losses in that amount.  The expenses incurred in the second quarter of 2013 exceeded those incurred in the second quarter of 2014 due to the Company’s delay in filing its annual report on Form 10-K for 2012.  As work on the annual report was not commenced until the second quarter of 2013, the related expenses were pushed into that quarter.  In contrast, we filed our 2013 annual report on time and incurred related expenses in the first quarter of 2014. Expenses in the second quarter of 2014 related primarily to preparation of the quarterly report filed in that quarter.

Control of Tintic Gold Mining Company was transferred to Ding Lieping in December 2009.  During his tenure, through December 31, 2013, Mr. Ding financed our operations by making loans to cover our expenses. In the first quarter of 2014, Mr. Ding decided to reclassify the payments he had made from loans to capital contributions. Therefore, the balance of loans payable at December 31, 2013, $83,969, was recorded as a contribution to capital.  In addition, the $15,443 in expenses that Mr. Ding paid on behalf of the Company in the first six months of 2014 was also recorded as a contribution to capital. We expect that Ding Lieping will continue to fund our operations until we have completed an acquisition of an operating company, and that we will, therefore, have sufficient cash to maintain our existence as a shell company for the next twelve months, if necessary.  Our management is not required to fund our operations, however, by any contract or other obligation.

Our major expenses consisted of fees to lawyers and accountants necessary to maintain our standing as a fully-reporting public company and other administration expenses attendant to the trading of our common stock.  We do not expect the level of our operating expenses to change in the future until we again undertake to implement a business plan or effect an acquisition.

Liquidity and Capital Resources

At June 30, 2014 we had no working capital deficit, as we had no assets and no liabilities. This represented an improvement from December 31, 2013, when we had a working capital deficit of $83,969 as a result of the amounts then payable to Ding Lieping. We expect our working capital to be nil or a small deficit for the indefinite future, as long as Ding Lieping continues to contribute the sums necessary to pay our expenses.

Our operations consumed $15,443 in cash during the six months ended June 30, 2014.  Our operations consumed $10,889 in cash during the six months ended June 30, 2013, as we accrued the remainder of our expenses in that period. In the future, unless we achieve the financial and/or operational wherewithal to sustain our operations, it is likely that we will continue to rely on loans and capital contributions to sustain our operations.

8

To date we have supplied our cash needs by obtaining loans and capital contributions from management and shareholders.  We expect that our President will fund our operations until we have completed an acquisition of an operating company and that we will, therefore, have sufficient cash to maintain our existence as a shell company for the next twelve months, if necessary.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition or results of operations.

ITEM 3                 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4                 CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures.  Ding Lieping, our Chief Executive Officer and Chief Financial Officer, carried out an evaluation of the effectiveness of the Company’s disclosure controls and procedures as of June 30, 2014.  Pursuant to Rule 13a-15(e) promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, “disclosure controls and procedures” means controls and other procedures that are designed to insure that information required to be disclosed by the Company in the reports that it files with the Securities and Exchange Commission is recorded, processed, summarized and reported within the time limits specified in the Commission’s rules.  “Disclosure controls and procedures” include, without limitation, controls and procedures designed to insure that information the Company is required to disclose in the reports it files with the Commission is accumulated and communicated to our Chief Executive Officer and Chief Financial Officer as appropriate to allow timely decisions regarding required disclosure.  Based on his evaluation, Mr. Ding concluded that the Company’s system of disclosure controls and procedures was effective as of June 30, 2014 for the purposes described in this paragraph.

Changes in Internal Controls.  There was no change in internal controls over financial reporting (as defined in Rule 13a-15(f) promulgated under the Securities Exchange Act of 1934) identified in connection with the evaluation described in the preceding paragraph that occurred during the Company’s second fiscal quarter that has materially affected or is reasonably likely to materially affect the Company’s internal control over financial reporting.

9

PART II   -   OTHER INFORMATION

Item 6.                 Exhibits

31	Rule 13a-14(a) Certification
32	Rule 13a-14(b) Certification
101.INS	XBRL Instance
101.SCH	XBRL Schema
101.CAL	XBRL Calculation
101.DEF	XBRL Definition
101.LAB	XBRL Label
101.PRE	XBRL Presentation

SIGNATURES

Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the Registrant  has duly  caused  this  Report  to be  signed  on its  behalf by the undersigned thereunto duly authorized.

	TINTIC GOLD MINING COMPANY
Date: August 12, 2014	By: /s/ Ding Lieping
	Ding Lieping, Chief Executive Officer
	and Chief Financial and Accounting Officer

10

EX-31.1

Exhibit 31.1

EXHIBIT 31: Rule 13a-14(a) Certifications

I, Ding Lieping, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Tintic Gold Mining Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material informa­tion relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal controls over financial reporting, or caused such internal controls over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal controls over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: August 12, 2014	By: /s/ Ding Lieping
	Ding Lieping, Chief Executive Officer
	and Chief Financial Officer

EX-32.1

Exhibit 32.1

EXHIBIT 32: Rule 13a-14(b) Certification

Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned officer of Tintic Gold Mining Company (the “Company”) certifies that:

1. The Quarterly Report on Form 10-Q of the Company for the period ended June 30, 2014 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 12, 2014	By: /s/ Ding Lieping
	Ding Lieping, Chief Executive Officer
	and Chief Financial Officer

XML

Note 5 - Loss Per Share: Schedule of Loss Per Share (Details) (USD $)	3 Months Ended		6 Months Ended		198 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Details
Loss Before Income Taxes	$ (7,238)	$ (12,001)	$ (15,443)	$ (12,720)	$ (358,384)
Weighted Average Number of Shares Outstanding, Basic	1,858,338	1,858,338	1,858,338	1,858,338

XML

Note 4 - Going Concern

6 Months Ended

Jun. 30, 2014

Notes

Note 4 - Going Concern

NOTE 4 GOING CONCERN

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern.  However, the Company has not yet been successful in establishing profitable operations and, as of June 30, 2014, the Company had no assets.

These factors raise substantial doubt about the ability of the Company to continue as a going concern.  In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans, capital contributions, an additional sales of its common stock or through a possible business combination.  There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations.  The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

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Note 3 - Related Party Transactions

6 Months Ended

Jun. 30, 2014

Notes

Note 3 - Related Party Transactions

NOTE 3 RELATED PARTY TRANSACTIONS

Related Party Loans – During the six month periods ended June 30, 2013, a portion of the expenses of the Company were paid by its majority shareholder.  The payments were recorded as “loans from related party.”  The loans were payable on demand and did not bear interest. At December 31, 2013 the balance due from the Company to its majority shareholder was $83,969.  During the three month period ended March 31, 2014, the majority shareholder contributed the entirety of that amount to the capital of the Company.

Capital Contributions - During the six months ended June 30, 2014 a portion of the expenses of the Company were paid by its majority shareholder.  The payments totaled $15,443 and were recorded as a contribution to capital. 

Management Compensation - During the six month periods ended June 30, 2014 and 2013, the Company did not pay any compensation to any officer or director of the Company.

Office Space - The Company has not had a need to rent office space.  An officer of the Company allows the Company to use his address, as needed, at no expense to the Company.

XML

BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash
CURRENT LIABILITIES:
Loan from related party		83,969
Total Current Liabilities		83,969
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $.001 par value, 50,000,000 shares authorized, 1,858,338 issued and outstanding	1,858	1,858
Capital in excess of par value	354,761	255,349
Deficit accumulated during the development stage	(356,619)	(341,176)
Total Stockholders' Equity (Deficit)		(83,969)
Total Liabilities and Stockholders' Equity (Deficit)

XML

Note 1 -- Organization and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2014

Notes

Note 1 -- Organization and Summary of Significant Accounting Policies

NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

History and Nature of Business - Tintic Gold Mining Company (“the Company”) was organized under the laws of the State of Nevada on March 8, 2004 as a wholly-owned subsidiary of Tintic Gold Mining Company (“Parent”), a Utah corporation, (now known as KIWA Bio-Tech Products Group Corporation).  The Company was founded for the purpose of continuing the exploration of the mining claims transferred to it by Parent.  In 2006 Parent distributed the outstanding shares of the Company to its shareholders pursuant to a registration statement declared effective by the Securities and Exchange Commission on October 18, 2006.  

As a part of a change in control of the Company in December 2009 and in consideration of the waiver of debt owed by the Company to the previous controlling shareholders, the Company agreed to a put and call agreement wherein the shareholders were given an irrevocable option to acquire the Company’s right, title and interest in all of the mining claims.  The shareholders also granted to the Company an irrevocable option to require the shareholders to accept title to the mining claims at any time during the option period.  The Company exercised the option on February 8, 2010, and transferred all of its mining assets to the previous controlling shareholders.

The Company currently has no business assets and no business operations.

Financial Statement Presentation. The accompanying financial statements include the prior operations of Parent from its inception of exploration stage activities on December 31, 1997 through the spin-off of the Company, and include the accounts of the Company from its date of incorporation to the date of the financial statements.

Development Stage.  On and prior to December 31, 2009, the Company was considered to be an Exploration Stage Company, although, as of December 31, 2009, the Company did not have any current mining exploration, development or production activities on its existing properties.  After transferring its mining assets to its prior majority shareholders in February 2010, the Company became a development stage company.

Condensed Financial Statements.  The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at June 30, 2014 and 2013 and for the periods then ended have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2013 audited financial statements.  The results of operations for the period ended June 30, 2014 are not necessarily indicative of the operating results for the full year.

Cash and Cash Equivalents - The Company considers all highly-liquid debt investments purchased with a maturity of three months or less to be cash equivalents.

Income Taxes - The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes”, on January 1, 2007.  As a result of the implementation of ASC Topic No. 740, the Company recognized approximately no increase in the liability for unrecognized tax benefits. 

The Company has no tax positions at June 30, 2014 and December 31, 2013 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.

The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.  During the six month periods ended June 30, 2014 and 2013, the Company recognized no interest and penalties.  The Company had no accruals for interest and penalties at June 30, 2014 and December 31, 2013.  All tax years starting with 2010 are open for examination.

Loss Per Share - The computation of loss per share is based on the weighted average number of common shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings Per Share” [See Note 5].

Accounting Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reported period.  Actual results could differ from those estimated.

Recently Enacted Accounting Standards - There were no recently enacted accounting standards that the Company expects to have a material effect on its financial statements for future periods. 

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Note 2 - Capital Stock: Common Stock (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Details
Common stock shares authorized	50,000,000	50,000,000
Common stock par value	$ 0.001	$ 0.001

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Note 3 - Related Party Transactions (Details) (USD $)	3 Months Ended	6 Months Ended	198 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Details
Loan from related party				$ 83,969
Proceeds from capital contributions	$ 15,443	$ 15,443	$ 15,443

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Note 2 - Capital Stock

6 Months Ended

Jun. 30, 2014

Notes

Note 2 - Capital Stock

NOTE 2 - CAPITAL STOCK

Common Stock - The Company has authorized 50,000,000 shares of common stock with a par value of $.001. 

Warrants - In conjunction with the change in control in December 2009, the Company exchanged common stock purchase warrants in exchange for 270,584 shares of the Company’s common stock, which shares were being held as treasury shares.  The common stock purchase warrants allowed the holders to acquire 0.4% of the outstanding common stock of the Company within two years from the date of issuance of said purchase warrants.  The warrants were valued at $.20 per share given up or $54,117.

In December 2011 the termination date of the warrants was extended to June 18, 2012.  The fair value of $1,119 for the six month extension was calculated using a Black-Scholes option pricing model with the following assumptions:

Expected life	0.5 years
Expected volatility	1%
Risk-free interest rate	1.46%
Expected dividend yield	0.00%

In June 2012 the termination date of the warrants was extended to December 18, 2012.  The fair value of $746 for the six month extension was calculated using a Black-Scholes option pricing model with the following assumptions:

Expected life	0.5 years
Expected volatility	1%
Risk-free interest rate	0.625%
Expected dividend yield	0.00%

In December 2012 the termination date of the warrants was extended to June 18, 2013.  The fair value of $746 for the six month extension was calculated using a Black-Scholes option pricing model with the following assumptions:

Expected life	0.5 years
Expected volatility	1%
Risk-free interest rate	0.77%
Expected dividend yield	0.00%

On June 18, 2013 the warrants expired.

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BALANCE SHEETS PARENTHETICAL (USD $)	Jun. 30, 2014	Dec. 31, 2013
BALANCE SHEETS PARENTHETICAL
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	50,000,000	50,000,000
Common stock shares issued	1,858,338	1,858,338
Common stock shares outstanding	1,858,338	1,858,338

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Note 1 -- Organization and Summary of Significant Accounting Policies: Loss Per Share (Policies)

6 Months Ended

Jun. 30, 2014

Policies

Loss Per Share

Loss Per Share - The computation of loss per share is based on the weighted average number of common shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings Per Share” [See Note 5].

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Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 12, 2014
Document and Entity Information
Entity Registrant Name	Tintic Gold Mining Co
Document Type	10-Q
Document Period End Date	Jun. 30, 2014
Amendment Flag	false
Entity Central Index Key	0001301839
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		1,858,338
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Entity Incorporation, State Country Name	Nevada
Entity Incorporation, Date of Incorporation	Mar. 08, 2004

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Note 1 -- Organization and Summary of Significant Accounting Policies: Accounting Estimates (Policies)

6 Months Ended

Jun. 30, 2014

Policies

Accounting Estimates

Accounting Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reported period.  Actual results could differ from those estimated.

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STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended		198 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
STATEMENTS OF OPERATIONS
Revenues
Total Revenues
General & Administrative	7,238	12,001	15,443	12,720	286,687
Failed acquisition costs					85,758
Total Expenses	7,238	12,001	15,443	12,720	372,445
Loss From Operations	(7,238)	(12,001)	(15,443)	(12,720)	(372,445)
Interest Income					8,632
Interest Expense					(44)
Warrant Grant					(2,611)
Gain on Sale of Securities					8,084
Total Other Income & Expense					14,061
Loss Before Income Taxes	(7,238)	(12,001)	(15,443)	(12,720)	(358,384)
Current Income Taxes (Benefit)					(1,765)
Deferred Tax Expense
Net Loss	$ (7,238)	$ (12,001)	$ (15,443)	$ (12,720)	$ (356,619)
Loss per Share	$ 0.00	$ (0.01)	$ (0.01)	$ (0.01)

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Note 1 -- Organization and Summary of Significant Accounting Policies: Business Description and Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2014

Policies

Business Description and Basis of Presentation

Financial Statement Presentation. The accompanying financial statements include the prior operations of Parent from its inception of exploration stage activities on December 31, 1997 through the spin-off of the Company, and include the accounts of the Company from its date of incorporation to the date of the financial statements.

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Note 6 - Subsequent Events

6 Months Ended

Jun. 30, 2014

Notes

Note 6 - Subsequent Events

NOTE 6 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events from the balance sheet date and determined there are no events to disclose through the date the financial statements were issued. 

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Note 2 - Capital Stock: Warrants (Details) (USD $)	1 Months Ended
	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2011	Dec. 31, 2009
Details
Common Stock Shares Exchanged				270,584
Purchase warrant terms				The common stock purchase warrants allowed the holders to acquire 0.4% of the outstanding common stock of the Company within two years from the date of issuance of said purchase warrants.
Purchase warrants value per share				$ 0.20
Purchase warrants value				$ 54,117
Fair Value Adjustment of Warrants	$ 746	$ 746	$ 1,119

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Note 1 -- Organization and Summary of Significant Accounting Policies: Recently Enacted Accounting Standards (Policies)

6 Months Ended

Jun. 30, 2014

Policies

Recently Enacted Accounting Standards

Recently Enacted Accounting Standards - There were no recently enacted accounting standards that the Company expects to have a material effect on its financial statements for future periods. 

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Note 1 -- Organization and Summary of Significant Accounting Policies: Cash and Cash Equivilents (Policies)

6 Months Ended

Jun. 30, 2014

Policies

Cash and Cash Equivilents

Cash and Cash Equivalents - The Company considers all highly-liquid debt investments purchased with a maturity of three months or less to be cash equivalents.

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Note 1 -- Organization and Summary of Significant Accounting Policies: Development Stage Enterprise General Disclosures (Policies)

6 Months Ended

Jun. 30, 2014

Policies

Development Stage Enterprise General Disclosures

Development Stage.  On and prior to December 31, 2009, the Company was considered to be an Exploration Stage Company, although, as of December 31, 2009, the Company did not have any current mining exploration, development or production activities on its existing properties.  After transferring its mining assets to its prior majority shareholders in February 2010, the Company became a development stage company.

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Note 1 -- Organization and Summary of Significant Accounting Policies: Basis of Accounting, Policy (Policies)

6 Months Ended

Jun. 30, 2014

Policies

Basis of Accounting, Policy

Condensed Financial Statements.  The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at June 30, 2014 and 2013 and for the periods then ended have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2013 audited financial statements.  The results of operations for the period ended June 30, 2014 are not necessarily indicative of the operating results for the full year.

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Note 1 -- Organization and Summary of Significant Accounting Policies: Income Taxes (Policies)

6 Months Ended

Jun. 30, 2014

Policies

Income Taxes

Income Taxes - The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes”, on January 1, 2007.  As a result of the implementation of ASC Topic No. 740, the Company recognized approximately no increase in the liability for unrecognized tax benefits. 

The Company has no tax positions at June 30, 2014 and December 31, 2013 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.

The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.  During the six month periods ended June 30, 2014 and 2013, the Company recognized no interest and penalties.  The Company had no accruals for interest and penalties at June 30, 2014 and December 31, 2013.  All tax years starting with 2010 are open for examination.

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Note 1 -- Organization and Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2014
Details
Entity Incorporation, State Country Name	Nevada
Entity Incorporation, Date of Incorporation	Mar. 08, 2004

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STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended		198 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Cash flows used in operating activities:
Net loss	$ (15,443)	$ (12,720)	$ (356,619)
Adjustments to reconcile net loss to cash used in operating activities:
Non-cash stock issued for services rendered			97,846
Gain on sale of securities			(8,084)
Warrant Grant			2,611
Change in operating assets and liabilities:
(Decrease) increase in accounts payable		1,831	(147)
Payment of expenses by related party			33,975
Decrease in income taxes payable			(565)
Net cash used in operating activities	(15,443)	(10,889)	(230,983)
Cash flows from investing activities:
Purchase of securities			(7,609)
Proceeds from sale of securities			23,960
Net cash flows provided by investing activities			16,351
Cash flows from financing activities:
Proceeds from capital contributions	15,443		15,443
Proceeds from note payable - related party			3,501
Proceeds from loans - related party		10,889	108,315
Proceeds from sale of common stock			55,000
Net cash flows provided by financing activities	15,443	10,889	182,259
Net decrease in cash			(32,373)
Cash and cash equivalents at beginning of period			32,373
Cash and cash equivalents at end of period
Cash paid during the periods for:
Interest
Income taxes			3,565
Non-cash Investing and financing:
Related party forgave debt, which is accounted for as a capital contribution.	$ 83,969		$ 83,969

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Note 5 - Loss Per Share

6 Months Ended

Jun. 30, 2014

Notes

Note 5 - Loss Per Share

NOTE 5 LOSS PER SHARE

The following data shows the amounts used in computing loss per share:

	For the Three Months Ended		For the Six Months Ended
	June 30,		June 30,
	2014	2013	2014	2013
Loss from continuing operations available to common
shareholders (numerator)	($   7,238)	($ 12,001)	($  15,443)	($  12,720)
Weighted average number of common shares outstanding used in loss per share for the period (denominator)	1,858,338	1,858,338	1,858,338	1,858,338

Dilutive loss per share was not presented, as the Company had no common stock equivalent shares for all periods presented that would affect the computation of diluted loss per share.

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Note 5 - Loss Per Share: Schedule of Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Tables/Schedules

Schedule of Loss Per Share

	For the Three Months Ended		For the Six Months Ended
	June 30,		June 30,
	2014	2013	2014	2013
Loss from continuing operations available to common
shareholders (numerator)	($   7,238)	($ 12,001)	($  15,443)	($  12,720)
Weighted average number of common shares outstanding used in loss per share for the period (denominator)	1,858,338	1,858,338	1,858,338	1,858,338