UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 Washington,
D.C. 20549
 
 FORM
10-Q
 
 x QUARTERLY REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES
EXCHANGE ACT OF 1934
 
 For
the quarterly period ended September 30, 2009
 
 OR
 
  ̈ TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES
EXCHANGE ACT OF 1934
 
 For The
Transition Period __________ To __________
 
 MICRO
MAMMOTH SOLUTIONS, INC.
 (Name
of small business issuer in its charter)
 
 Nevada
              333-144645
              20-5549779(State
      or Jurisdiction of
              Commission
      File Number
              (I.R.S.
      EmployerIncorporation
      or organization
              
              Identification
      No.)
  1511
Dodd Road
 Winter
Park, Florida 32792
 407-529-7144
 
 Indicate
by check mark whether the Registrant (1) has filed all reports required to be
filed by Section 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.  YesxNo ̈
 
 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
definition of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.
 Large
      accelerated filer  ̈
              Accelerated
      filer  ̈Non-accelerated
      filer  ̈ (Do
      not check if a smaller reporting company)
              Smaller
      reporting company x
 
 Indicate
by check mark whether the Registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).
 Yes
x  No
 ̈
 
 The
aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by
 reference
to the price ($0.05) at which the common equity was last sold, as of September
30, 2009 was approximately $176,700.00. 10,034,000 shares of common stock were
outstanding as of September 30, 2009.
  
 
 MICRO
MAMMOTH SOLUTIONS, INC.
 TABLE
OF CONTENTS
 
 INDEX
 
 Page NumberPART 1:
                              FINANCIAL INFORMATIONItem
      1
                              Financial
      Statements
                              
                              3Balance
      Sheets as of June 30, 2009 and as of September 30,
      2009(unaudited)
                              
                              3Statements
      of Operations for the three months ended September 30,
      2009and
      2008 and September 13, 2006 (Inception) to September 30, 2009
      (unaudited)
                              
                              4Statement
      of Cash Flows for the three months ended September 30,
2009and
      2008 and September 13, 2006 (Inception) to September 30,
      2009(unaudited)
                              
                              5Notes
      to the Financial Statements
                              
                              6Item
      2
                              Management’s
      Discussion and Analysis of Financial Condition and Resultof
      Operations
                              
                              12Item
      3
                              Quantitative
      and Qualitative Disclosures About Market Risk
                              
                              16Item
      4
                              Controls
      and Procedures
                              
                              16Part
      II
                              OTHER
      INFORMATIONItem
      1
                              Legal
      Proceedings
                              
                              17Item
      2
                              Unregistered
      Sales of Equity Securities and Use of Proceeds
                              
                              17Item
      3
                              Defaults
      Upon Senior Securities
                              
                              17Item
      4
                              Submission
      of Matters to a Vote of Security Holders
                              
                              17Item
      5
                              Other
      Information
                              
                              17Item
      6
                              Exhibits
      and Reports on Form 8-K
                              
                              17SIGNATURES
                              
                              18
  2
 PART
I - FINANCIAL INFORMATION
 
 ITEM
1.  FINANCIAL STATEMENTS
 
 MICRO
MAMMOTH SOLUTIONS, INC.
 (A
Development Stage Company)
 
 BALANCE
SHEETS
 
 September 30,
                        
                        
                        June 30,2009
                        
                        
                        2009(Unaudited)
                        
                        
                        (Audited)ASSETSCurrent
      assets:Cash
                        
                        $
                        582
                        
                        
                        $
                        485Total
      current assets
                        
                        
                        582
                        
                        
                        
                        485Total
      Assets
                        
                        $
                        582
                        
                        
                        $
                        485LIABILITIES
      AND STOCKHOLDERS' EQUITY (DEFICIT)Current
      liabilities:Accrued
      liabilities
                        
                        $
                        4,500
                        
                        
                        $
                        4,500Customer
      deposits
                        
                        
                        1,000
                        
                        
                        
                        1,000Loan
      from shareholder
                        
                        
                        2,314
                        
                        
                        
                        2,314Total
      current liabilities
                        
                        
                        7,814
                        
                        
                        
                        7,814Stockholders'
      equity (deficit):Common
      stock, $.0001 par value, authorized 100,000,000shares;  10,034,000
      issued and outstanding as ofSeptember
      30, 2009 and June 30, 2009
                        
                        
                        1,003
                        
                        
                        
                        1,003Additional
      paid-in capital
                        
                        
                        176,347
                        
                        
                        
                        176,347Accumulated
      deficit during development stage
                        
                        
                        (184,582
                        )
                        
                        
                        (184,679
                        )Total
      stockholders' equity (deficit)
                        
                        
                        (7,232
                        )
                        
                        
                        (7,329
                        )Total
      liabilities and stockholders' equity (deficit)
                        
                        $
                        582
                        
                        
                        $
                        485
  The
accompanying notes are an integral part of the financial
statements.
  3
 
 MICRO
MAMMOTH SOLUTIONS, INC.
 (A
Development Stage Company)
 
 STATEMENTS
OF OPERATIONS
 (Unaudited)
 
 For the PeriodThree Months Ended
                                
                                
                                September 13, 2006September 30,
                                
                                
                                (Inception) to2009
                                
                                
                                2008
                                
                                
                                September 30, 2009Revenue
                                
                                $
                                3,000
                                
                                
                                $
                                3,000
                                
                                
                                $
                                35,000Expenses:General
      and administrative
                                
                                
                                2,903
                                
                                
                                
                                6,398
                                
                                
                                
                                219,582Total
      expenses
                                
                                
                                2,903
                                
                                
                                
                                6,398
                                
                                
                                
                                219,582Net
      income (loss)
                                
                                $
                                97
                                
                                
                                $
                                (3,398
                                )
                                
                                $
                                (184,582
                                )Weighted
      average number of commonshares
      outstanding, basic and fully diluted
                                
                                
                                10,034,000
                                
                                
                                
                                10,034,000
                                
                                
                                
                                9,571,752Net
      loss per weighted sharebasic
      and fully diluted
                                
                                
                                0.00
                                
                                
                                
                                (0.00
                                )
                                
                                
                                (0.02
                                )
  The
accompanying notes are an integral part of the financial
statements.
  4
 
 MICRO
MAMMOTH SOLUTIONS, INC.
 (A
Development Stage Company)
 
 STATEMENTS
OF CASH FLOWS
 (Unaudited)
 
 For the PeriodSeptember 30, 2006Three Months Ended
                                                      
                                                      
                                                      (Inception) toSeptember 30,
                                                      
                                                      
                                                      September 30,2009
                                                      
                                                      
                                                      2008
                                                      
                                                      
                                                      2009Cash
      flows from operating activities:Net
      income (loss)
                                                      
                                                      $
                                                      97
                                                      
                                                      
                                                      $
                                                      (3,398
                                                      )
                                                      
                                                      $
                                                      (184,582
                                                      )Adjustments
      to reconcile net income (loss) to net cashused
      for operating activitiesStock
      based compensation
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      170,650Increase
      in customer deposits
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      1,000
                                                      
                                                      
                                                      
                                                      1,000Increase(decrease)
      in accrued liabilities
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      4,500Net
      cash provided by (used in) operating activities
                                                      
                                                      
                                                      97
                                                      
                                                      
                                                      
                                                      (2,398
                                                      )
                                                      
                                                      
                                                      (8,432
                                                      )Cash
      flows from investing activities:Net
      cash used in investing activities
                                                      
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      -Cash
      flows from financing activities:Issuance
      of common stock
                                                      
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      6,700Proceeds
      from shareholder loan
                                                      
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      2,314Net
      cash provided by financing activities
                                                      
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      9,014Net
      increase (decrease) in cash
                                                      
                                                      
                                                      97
                                                      
                                                      
                                                      
                                                      (2,398
                                                      )
                                                      
                                                      
                                                      582Cash,
      beginning of period
                                                      
                                                      
                                                      485
                                                      
                                                      
                                                      
                                                      3,398
                                                      
                                                      
                                                      
                                                      -Cash,
      end of period
                                                      
                                                      $
                                                      582
                                                      
                                                      
                                                      $
                                                      1,000
                                                      
                                                      
                                                      $
                                                      582Supplemental
      disclosures of non-cash investingand
      financing activities:Issuance
      of 3,400,000 shares of common stock forconsulting
      services
                                                      
                                                      $
                                                      -
                                                      
                                                      
                                                      $
                                                      -
                                                      
                                                      
                                                      $
                                                      170,000Issuance
      of 6,500,000 shares of common stock forcompensation
      to founding shareholder
                                                      
                                                      $
                                                      -
                                                      
                                                      
                                                      $
                                                      -
                                                      
                                                      
                                                      $
                                                      650
  The
accompanying notes are an integral part of the financial
statements.
  5
  MICRO
MAMMOTH SOLUTIONS, INC.
 (A
DEVELOPMENTAL STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
  Note
1 – Organization and summary of significant accounting principles
  Organization
  Micro
Mammoth Solutions, Inc. was organized September 13, 2006 (Date of Inception)
under the laws of the State of Florida. The Company has not commenced
significant operations and, in accordance with Statement of Financial Accounting
Standards No. 7 “Accounting and Reporting by Development Stage Enterprises”(“SFAS No. 7”), the
Company is considered a development stage company.
  Micro
Mammoth Solutions, Inc. will provide consulting services to mortgage
companies. The Company currently focuses on three stages of consulting with
client businesses: billing, customer service and scripting.
  Accounting
period
  The
Company has adopted an annual accounting period of July through
June.
  Use of
estimates
  The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenue and expenses during the reporting
period.  Actual results could differ significantly from those
estimates.
  Cash and cash
equivalents
  For the
purpose of the statements of cash flows, all highly liquid investments with a
maturity of three months or less are considered to be cash
equivalents.
  Revenue
recognition
  Revenue
is recognized on an accrual basis after services have been performed under
contract terms, the service price to the client is fixed or determinable, and
collectability is reasonably assured.
  Furniture and
equipment
  Furniture
and equipment are stated at cost less accumulated depreciation.  It is
the policy of the Company to capitalize items greater than or equal to $1,000.
Depreciation is computed using the straight-line method over the expected useful
lives of the assets.  Upon retirement or other disposition of
depreciable assets, the cost and related accumulated depreciation are eliminated
from the accounts, and any gain or loss on disposal is credited to or charged
against income.
  6
 MICRO
MAMMOTH SOLUTIONS, INC.
 (A
DEVELOPMENTAL STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 Fair value of financial
instruments
  Fair
value estimates discussed herein are based upon certain market assumptions and
pertinent information available to management as of September 30, 2009. The
respective carrying value of certain on-balance-sheet financial instruments
approximated their fair values. These financial instruments include cash,
accounts payable and notes payable. Fair values were assumed to approximate
carrying values for cash and payables because they are short term in nature and
their carrying amounts approximate fair values or they are payable on
demand.
  Earnings per
share
  The
Company has adopted Statement of Financial Accounting Standards No. 128.
“Earnings per Share” ("SFAS No. 128").  Basic earnings per common
share ("EPS") calculations are determined by dividing net income by the weighted
average number of shares of common stock outstanding during the
year.  Diluted earning per common share calculations are determined by
dividing net income by the weighted average number of common shares and dilutive
common share equivalents outstanding.  During periods when common
stock equivalents, if any, are anti- dilutive they are not considered in the
computation.
  Income
taxes
  The
Company has adopted Statement of Financial Accounting Standard No. 109,
“Accounting for Income Taxes” ("SFAS No. 109") for recording the provision for
income taxes. Deferred tax assets and liabilities are computed based upon the
difference between the financial statement and income tax basis of assets and
liabilities using the enacted marginal tax rate applicable when the related
asset or liability is expected to be realized or settled.  Deferred
income tax expenses or benefits are based on the changes in the asset or
liability each period.  If available evidence suggests that it is more
likely than not that some portion or all of the deferred tax assets will not be
realized, a valuation allowance is required to reduce the deferred tax assets to
the amount that is more likely than not to be realized.  Future
changes in such valuation allowance are included in the provision for deferred
income taxes in the period of change.
  The
provision for income taxes differs from the amount computed by applying the
statutory federal income tax rate to income before provision for income taxes
because of differences in amounts deductible for tax
purposes.  Deferred income taxes may arise from temporary differences
resulting from income and expense items reported for financial accounting and
tax purposes in different periods.  Deferred taxes are classified as
current or non-current, depending on the classification of assets and
liabilities to which they relate.  Deferred taxes arising from
temporary differences that are not related to an asset or liability are
classified as current or non-current depending on the periods in which the
temporary differences are expected to reverse.
  Recent
pronouncements
  In June
2009, the FASB issued Statement No. 168, “The FASB Accounting
Standards Codification and the Hierarchy of Generally Accepted Accounting
Principles” (“SFAS 168”). The Codification, which was launched on July 1,
2009, became the single source of authoritative nongovernmental U.S. generally
accepted accounting principles (“GAAP”), superseding existing authoritative
accounting pronouncements.  All other literature is considered
non-authoritative.  This Codification is effective for financial
statements issued for interim and annual periods ending after September 30,
2009.  We have adopted the Codification in the first quarter of fiscal
year ended June 30, 2010.  There will be no change to our financial
statements due to the implementation of the Codification other than changes in
reference to various authoritative accounting
pronouncements.
  7
 MICRO
MAMMOTH SOLUTIONS, INC.
 (A
DEVELOPMENTAL STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 Recent pronouncements
(continued)
  In May
2009, the FASB issued Statement No. 165, “Subsequent Events” (“SFAS
165”).  SFAS 165 requires entities to disclose the date through which
they have evaluated subsequent events and whether the date corresponds with the
release of their financial statements.  SFAS 165 is effective for
interim and annual periods ending after June 15, 2009.  The Company
evaluated subsequent events after the balance sheet date of September 30, 2009
through the filing of this report with the SEC on November 12,
2009.
 
 In April
2009, FASB issued FSP No. 115-2 and FAS 124-2, “Recognition and Presentation of
Other-Than-Temporary Impairments”.  This FSP amends the
other-than-temporary impairment guidance in U.S. GAAP for debt securities
to make the guidance more operational and to improve the presentation and
disclosure of the other-than-temporary impairments on debt and equity securities
in the financial statements.  The FSP is effective for interim and annual
reporting periods ending after June 15, 2009.  The Company is not impacted
by this FSP as it will have no effect on its financial statements.
 
 In April
2009, FASB issued FSP No. 107-1/APB 28-1, ”Interim Disclosures about Fair Value
of Financial Instruments.” Entities shall include disclosures about the
fair value of financial instruments whenever it issues summarized financial
information for interim reporting periods.  Entities shall disclose in
the body or in the accompanying notes of their summarized financial information
the fair value of all financial instruments for which it is practicable to
estimate that value, whether recognized or not recognized in the statement of
financial position, as required by Statement 107.  Effective for
interim periods ending after June 15, 2009, with early adoption permitted for
periods ending after March 15, 2009, this FSP was adopted and had no impact on
our financial condition, results of operations or cash flows.
  In December
2008, the FASB issued FSP FAS 140-4 and FIN 46(R)-8, "Disclosures by Public
Entities (Enterprises) about Transfers of Financial Assets and Interests in
Variable Interest Entitles".  This disclosure-only FSP
improves the transparency of transfers of financial assets and an
enterprise's involvement with variable interest entities, including qualifying
special-purpose entities.  This FSP is effective for the first
reporting period (interim or annual) ending after December 15, 2008, with
earlier application encouraged. The adoption of the FSP will not have any
impact on our results of operations.
 
 In June
2008, the FASB ratified EITF Issue No. 07-5, “Determining Whether an Instrument
(or an Embedded Feature)
is Indexed to an Entity’s Own Stock” (EITF 07-5). EITF 07-5 provides that
an entity should use a two step approach to evaluate whether an equity-linked
financial instrument (or embedded feature) is indexed to its own stock,
including evaluating the instrument's contingent exercise
and settlement provisions. It also clarifies on the impact of
foreign currency denominated strike prices and market-based employee stock
option valuation instruments on the evaluation. EITF 07-5 is effective for
fiscal years beginning after December 15, 2008. The adoption of this
statement is not expected to have a material effect on the Company's future
reported financial position or results of operations.
  8
 MICRO
MAMMOTH SOLUTIONS, INC.
 (A
DEVELOPMENTAL STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 Recent pronouncements
(continued)
 
 In May
2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally Accepted
Accounting Principles”(“SFAS 162”). SFAS 162
identifies the sources of accounting principles and the framework for selecting
the principles used in the preparation of financial statements of non-government
entities that are presented in conformity with generally accepted accounting
principles in the United States. The provisions of SFAS 162became effective
November 15, 2008.There was nomaterial impact on the
Company’s financial statements.
 
 In May
2008, the FASB issued FSP No. APB 14-1 "Accounting for Convertible Debt
Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash
Settlement)" (FSP APB 14-1).  FSP APB 14-1 requires the issuer of
certain convertible debt instruments that may be settled in cash (or other
assets) on conversion to separately account
for the liability (debt) and equity (conversion option) components of the
instrument in a manner that reflects the issuer's non-convertible debt borrowing
rate. FSP APB 14-1 is effective for fiscal years beginning after December
15, 2008, on a retroactive basis. The Company does not expect the adoption of
FSP APB 14-1 to have a material effect on its results of operations and
financial condition as the company does not have convertible debt at this
time.
 
 In April
2008, the FASB issued FSP 142-3, "Determination of the Useful Life of Intangible
Assets." This FSP amends the factors that should be considered in developing
renewal or extension assumptions used to determine the useful life of a
recognized intangible asset under FASB Statement No. 142, "Goodwill and Other
Intangible Assets." The intent of this FSP is to improve the consistency between
the useful life of a recognized intangible asset under Statement 142 and the
period of expected cash flows used to measure the fair value of the asset under
FASB Statement No. 141 (Revised 2007), "Business Combinations," and other U.S.
generally accepted accounting principles
(GAAP). This FSP is effective for financial statements issued for fiscal
years beginning after December 15, 2008, and interim periods within those
fiscal years. Early adoption is prohibited. The Company’s adoption of FAS
142-3 does not have a material effect on its results of operations and
financial condition.
  Note
2 – Going concern
  The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern, which contemplates the recoverability of
assets and the satisfaction of liabilities in the normal course of
business.  As noted above, the Company is in the development stage
and, accordingly, has not yet generated significant revenues from
operations.  As a development stage Company, it has generated revenues
totaling $35,000 and incurred accumulated net losses of approximately $185,000
from September 13, 2006 (inception) through the period ended September 30,
2009.
  The
ability of the Company to continue as a going concern is dependent upon its
ability to raise additional capital from the sale of common stock and,
ultimately, the achievement of significant operating revenues.  The
accompanying financial statements do not include any adjustments that might be
required should the Company be unable to recover the value of its assets or
satisfy its liabilities.
  9
 MICRO
MAMMOTH SOLUTIONS, INC.
 (A
DEVELOPMENTAL STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 Note
3 –Income taxes
  Deferred
income taxes may arise from temporary differences resulting from income and
expense items reported for financial accounting and tax purposes in different
periods. Deferred taxes are classified as current or non-current, depending on
the classification of assets and liabilities to which they
relate.  Deferred taxes arising from temporary differences that are
not related to an asset or liability are classified as current or non-current
depending on the periods in which the temporary differences are expected to
reverse.
  The
provision for income taxes differs from the amount computed by applying the
statutory federal income tax rate to income before provision for income taxes.
The sources and tax effects of the differences for the periods presented are as
follows:
 
 Income
      tax provision at the
                              federal
      statutory rate
                            
                            
                            34
                            %Effect
      of operating losses
                            
                            
                            -34
                            %0
                            %
  Net
deferred tax assets consist of the following:
  For thethree monthsended
                            September 30,2009Gross
      deferred tax asset
                          
                          $
                          62,800Gross
      deferred tax liability
                          
                          
                          -Valuation
      allowance
                          
                          
                          (62,800
                          )Net
      deferred tax asset
                          
                          $
                          -
  The
Company did not pay any income taxes during the three months ended September 30,
2009.
  Note
4 – Stockholders’ equity
  In
September 2006, the Company issued 6,500,000 shares of its $0.001 par value
common stock as founder's shares.  In connection with the issuance of
these 6,500,000 shares, the Company recorded compensation expense in the amount
of $650. The shares were deemed to have been issued pursuant to an exemption
provided by Section 4(2) of the Act, which exempts from registration
"transactions by an issuer not involving any public offering."
  In
January 2007, the Company issued 3,400,000 shares of its $0.001 par value common
stock for consulting services.  In connection with the issuance of
these 3,400,000 shares, the Company recorded compensation expense in the amount
of $170,000. The shares were deemed to have been issued pursuant to an exemption
provided by Section 4(2) of the Act, which exempts from registration
"transactions by an issuer not involving any public offering."
  10
 MICRO
MAMMOTH SOLUTIONS, INC.
 (A
DEVELOPMENTAL STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 Note
4 – Stockholders’ equity (continued)
  In June
2007, the Company issued 134,000 shares of its $0.001 par value common stock for
$6,700 cash. The shares were deemed to have been issued pursuant to an exemption
provided by Section 4(2) of the Act, which exempts from registration
"transactions by an issuer not involving any public offering."
  There
have been no other issuances of common stock.
  Note 5 – Warrants and
options
  There are
no warrants or options outstanding to acquire any additional shares of common
stock.
  Note
6 – Related party transactions
  Amounts
due to the Company’s chief executive officer totaled $2,314 at September
30, 2009.  These amounts primarily represent loans to pay Company
startup expenses.
  Note
7 – Commitments and contingent liabilities
  Legal matters - The
Company is occasionally party to litigation or threat of litigation arising in
the normal course of business.  Management, after consultation with
legal counsel, does not believe that the resolution of any such matters will
have a material effect on the Company’s financial position or results of
operations.
  11
  ITEM 2.
              MANAGEMENT'S
      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
      OPERATIONS.
 
 FORWARD-LOOKING
STATEMENTS
  This
document contains “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than statements
of historical fact are “forward-looking statements” for purposes of federal and
state securities laws, including, but not limited to, any projections of
earnings, revenue or other financial items; any statements of the plans,
strategies and objections of management for future operations; any statements
concerning proposed new services or developments; any statements regarding
future economic conditions or performance; any statements of belief; and any
statements of assumptions underlying any of the foregoing.
  Forward-looking
statements may include the words “may,” “could,” “estimate,” “intend,”
“continue,” “believe,” “expect,”  “anticipate” or other similar words.
These forward-looking statements present our estimates and assumptions only as
of the date of this report. Except for our ongoing securities laws, we do not
intend, and undertake no obligation, to update any forward-looking
statement.
  Although
we believe that the expectations reflected in any of our forward-looking
statements are reasonable, actual results could differ materially from those
projected or assumed in any of our forward-looking statements. Our future
financial condition and results of operations, as well as any forward-looking
statements, are subject to change and inherent risks and uncertainties. The
factors impacting these risks and uncertainties include, but are not limited
to:
 
 •
              our
      ability to successfully compete in the professional services
      industry;
 
 •
              difficulties
      developing a new line of business in the professional services
      industry;
 
 •
              failure
      to identify, develop or profitably manage additional
      businesses;
 
 •
              failure
      to obtain new customers or retain existing
  customers;
 
 •
              inability
      to efficiently manage our
operations;
 
 •
              inability
      to achieve future operating
results;
 
 •
              inability
      to obtain capital for future
growth;
 
 •
              loss
      of key executives; and
 
 •
              general
      economic and business conditions.
 
 For a
detailed description of these and other factors that could cause actual results
to differ materially from those expressed in any forward-looking statement,
please see “Factors That May Affect Our Plan of Operation” in this document and
in our Annual Report on Form 10-K for the year ended June 30, 2009, available at
the SEC’s website at www.sec.gov.
  12
 
 RISK
FACTORS
 
 We
are a development stage company organized in September 2006 and have no
operating history, which makes an evaluation of us extremely difficult. At this
stage of our business operations, even with our good faith efforts, potential
investors have a high probability of losing their investment.
  We were
incorporated in September of 2006 as a Nevada corporation. Results of our start
up have generated limited revenues from operations and have been focused on
organizational, start-up, and market analysis activities since we incorporated.
Our operating activities during this period consisted primarily of developing
contacts for our consulting services.  There is nothing at this time
on which to base an assumption that our business operations will prove to be
successful or that we will ever be able to operate profitably. Our future
operating results will depend on many factors, including our ability to raise
adequate working capital, demand for our services, the level of our competition
and our ability to attract and maintain key management and
employees.
  Our
prospects are subject to the risks and expenses encountered by start-up
companies, such as ours, which are establishing a business as a consulting firm.
Our limited operating history makes it difficult or impossible to predict future
results of our operations. We may not establish a client base that will make us
profitable, which might result in the loss of some or all of your investment in
our common stock.
  You
should consider our prospects in light of the risks and difficulties frequently
encountered by early stage companies in the rapidly evolving consulting market.
These risks include, but are not limited to, an unpredictable business
environment, the difficulty of managing growth and the use of our business
model. To address these risks, we must, among other things:
 
 ·           expand
our customer base;
 ·           enhance
our name recognition;
 ·           expand
our product and service offerings;
 ·           successfully
implement our business and marketing strategy;
 ·           provide
superior customer service;
 ·           respond
effectively to competitive and technological developments; and
 ·           attract
and retain qualified personnel.
 
 Because our
common stock is deemed a low-priced “Penny” stock, an investment in our common
stock should be considered high risk and subject to marketability restrictions.
These marketability restrictions may prevent you from liquidating your stock,
thus causing a loss of your investment.
  Since our
common stock is a penny stock, as defined in Rule 3a51-1 under the Securities
Exchange Act, it will be more difficult for investors to liquidate their
investment even if and when a market develops for the common stock. Until the
trading price of the common stock rises above $5.00 per share, if ever, trading
in the common stock is subject to the penny stock rules of the Securities
Exchange Act specified in rules 15g-1 through 15g-10. Those rules require
broker-dealers, before effecting transactions in any penny stock,
to:
  •
              Deliver
      to the customer, and obtain a written receipt for, a disclosure
      document;
 •
              Disclose
      certain price information about the
stock;
 •
              Disclose
      the amount of compensation received by the broker-dealer or any associated
      person of the broker-dealer;
 •
              Send
      monthly statements to customers with market and price information about
      the penny stock; and
 •
              In
      some circumstances, approve the purchaser’s account under certain
      standards and deliver written statements to the customer with information
      specified in the rules.
 
 Consequently,
the penny stock rules may restrict the ability or willingness of broker-dealers
to sell the common stock and may affect the ability of holders to sell their
common stock in the secondary market and the price at which such holders can
sell any such securities. These additional procedures could also limit our
ability to raise additional capital in the future.
  13
 
 BUSINESS
OVERVIEW
 
 Micro
Mammoth Solutions, Inc. is a development stage company, originally incorporated
in the State of Nevada on September 13, 2006. Contemporaneously, the company
issued 100,000,000 shares of common stock at $0.0001 par value. As of September
30, 2009 there are 10,034,000 shares of common stock issued and outstanding.
There have been no other sales or issuance of any securities during the first
quarter ending September 30, 2009.
 
 Micro
Mammoth Solutions, Inc. was formed as a mortgage consulting firm. MIMS general
plan of operation is to provide specialized consulting services to small and
medium sized mortgage brokers and mortgage lenders.
 
 To date
the company has not been able to successfully implement its business plan or
engaged in significant operations. Consequently the company has not been able to
generate significant sustainable revenues. Our plan of operation has been, and
for the foreseeable future will continue to be the marketing of our consulting
services to small and medium size businesses that are mortgage brokers and
mortgage lenders and expand our customer base.  MMSI consulting
services will assist brokers and mortgage lenders with the customer service and
marketing aspects of their business, allowing them to focus on the business
aspects of providing mortgages.  Our consulting business will focus on
customer service and marketing.
 
 We have
continuously incurred losses since our inception, totaling
$184,582.  For the three months ended September 30, 2009 we had a net
income of $97 as compared to a net loss of $3,398 for the same three months
ended September 30, 2008.
 
 Recent
Developments
  Our
original plan of operation was to position Micro Mammoth Solutions, Inc. to
market our consulting services to assist small and medium sized mortgage brokers
and mortgage lenders with the customer service and marketing aspects of their
business, allowing them to focus on the business aspects of providing
mortgages.
 
 Our
current related party contract is providing revenue to continue operations as
they exist currently. We have determined that our current level of revenue
generation will not satisfy our business plan or original plan of operation. Our
current revenue levels fail to substantiate and support shareholder value.
Therefore, we have re-assessed our business model, and are aggressively seeking
out other business opportunities in an effort to substantiate stockholder
value.
 
 We
anticipate obtaining additional financing to fund operations through common
stock offerings, to the extent available, or to obtain additional financing to
the extent necessary to augment our working capital.
 
 Micro
Mammoth Solutions has elected to continue executing its business plan, making
modifications as needed due to challenging market conditions and will continue
to aggressively seek out other business opportunities in an effort to
substantiate stockholder value.  We have been in the developmental
stage since inception and have limited operations to date. Other than our
current related party contract we have not commenced any additional operational
activities.
 
 Micro
Mammoth may enter into a business combination with another targeted business
entity. Such a combination would normally involve the transfer to the target
business of the majority of our common stock, and the substitution by the target
business of its own management and board of directors. In the event such
transaction takes place, it is likely our sole officer and director would resign
his positions with the Company.
 
 We have,
and will continue to have, no capital with which to provide the owners of
business opportunities with any cash or other assets. However, management
believes we will be able to offer owners of acquisition candidates the
opportunity to acquire a controlling ownership interest in a company with
securities registered pursuant to Rule 12(g) of the Exchange Act. Our sole
officer and director has not conducted market research and is not aware of
statistical data to support the perceived benefits of a merger or acquisition
transaction for the owners of a business opportunity.
  14
 
 Our audit
reflects the fact that our income from our related party contract provides
limited revenues. We have no other current source of income. Further, without
realization of additional capital, it would be unlikely for the Company to
continue as an ongoing concern.
 
 Our sole
officer and director has agreed that he will advance any additional funds which
we need for operating capital and for costs in connection with searching for or
completing an acquisition or merger. Such advances have historically been
converted to equity. There is no minimum or maximum amount the Officer and
Director will advance to us. We will not borrow any funds for the purpose of
repaying advances made by such Officer and Director, and we will not borrow any
funds to make any payments to our promoters, management or their affiliates or
associates.
  Satisfaction of our cash obligations
for the next twelve months
  The
company has been determined by our auditor to be an ongoing concern. The company
is not generating sufficient revenue to cover all of its expenses.
 
 We plan
on satisfying our cash obligations over the next twelve months through
additional equity and/or third party financing. We do not anticipate generating
revenues within the next twelve months, unless we successfully complete a merger
or acquisition with a company generating revenues from operations.
 
 A
critical component of our operating plan impacting our continued existence is
the ability to obtain additional capital through additional equity and/or debt
financing. We do not anticipate enough positive internal operating cash flow
until such time as we complete the acquisition and can generate substantial
revenues, which may take the next few years to fully realize, if ever. In the
event we cannot obtain the necessary capital to pursue our strategic plan, we
may have to cease or significantly curtail our operations. This would materially
impact our ability to continue operations.
  Liquidity
and Capital Resources
  Over the
next nine months we believe that existing capital and anticipated funds from
operations will not be sufficient to sustain our operations. As a result, we
will be required to seek additional capital to fund our operations through
additional equity or debt financing or credit facilities. No assurance can be
made that such financing would be available, and if available it may take either
the form of debt or equity. In either case, the financing could have a negative
impact on our financial condition and our Stockholders.
 
 We
anticipate incurring continued operating losses over the next nine months. Our
lack of operating history makes predictions of future operating results
difficult to ascertain. Our prospects must be considered in light of the risks,
expenses and difficulties frequently encountered by companies in their early
stage of development. To address these risks we must, among other things, locate
suitable acquisition targets, obtain a customer base, implement and successfully
execute a business and marketing strategy, respond to competitive developments,
and attract, retain and motivate qualified personnel. There can be no assurance
that we will be successful in addressing such risks, and the failure to do so
can have a material adverse effect on our business prospects, financial
condition and results of operations.
  Going
Concern
  The
consolidated financial statements included in this filing have been prepared in
conformity with generally accepted accounting principles that contemplate the
continuance of the Company as a going concern. The Company’s cash position is
inadequate to pay all of the costs associated with its intended business plan.
Management intends to use borrowings and security sales to mitigate the effects
of its cash position, however no assurance can be given that debt or equity
financing, if and when required will be available. The financial statements do
not include any adjustments relating to the recoverability and classification of
recorded assets and classification of liabilities that might be necessary should
the Company be unable to continue existence.
  15
 
 We do not
anticipate performing any significant product research and development under our
plan of operation until such time as we complete an acquisition. We do not
anticipate the purchase or sale of any plant or significant equipment; as such
items are not required by us at this time or anticipated to be needed in the
next twelve months. As of September 30, 2009 we had 1 part-time employee. We are
dependent upon James Watson our sole officer and director. We may need to hire
full time operational staff if and when we complete the anticipated
acquisition.
  RESULTS
OF OPERATIONS
 
 For the
three months ended September 30, 2009, we generated revenues of approximately
$3,000 and incurred a net income of approximately $97.
 
 For
complete financial information, please see the enclosed financial statements and
the accompanying notes.
 
 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, changes in financial
condition, revenues or expenses, results of operations, liquidity, capital
expenditures or capital resources that is material to investors.
 
 ITEM 3.QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKET RISK
  As
a smaller reporting company, as defined by Rule 229,10(f)(1), Micro Mammoth
Solutions, Inc. is not required to provide Quantitative and Qualitative
disclosures about market risk.
 
 ITEM 4. CONTROLS
AND PROCEDURES
 
 EVALUATION
OF DISCLOSURE CONTROLS AND PROCEDURES OVER FINANCIAL REPORTING
  Based on
evaluations on September 30, 2009, our principal executive and financial
officer, has concluded that the disclosure controls and procedures (as defined
in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act) are effective
to ensure that information required to be disclosed by the company in reports
that we file or submit under the Securities Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the rules and forms
of the SEC, and that material information relating to the Company is accumulated
and communicated to management, including our principal executive and financial
officer, as appropriate to allow timely decisions regarding required
disclosures.
 
 CHANGES
IN INTERNAL CONTROLS
 
 During
the period covered by this quarterly report on Form 10-Q, the Company has not
made any changes to its internal control over financial reporting (as referred
to in Paragraph 4(b) of the Certifications of the Company’s principal executive
and financial officer included as exhibits to his report) that have materially
affected, or are reasonably likely to affect the Company’s internal control over
financial reporting.
  16
 
 PART II - OTHER
INFORMATION
 
 ITEM 1.LEGAL
PROCEEDINGS
 
 We are
not currently involved in any legal proceedings and we are not aware of any
pending or potential legal actions.
 
 ITEM 1A. RISK
FACTORS
 
 Smaller
reporting companies are not required to provide the information required by this
item.
 
 ITEM 2.UNREGISTERED SALES OF EQUITY
SECURITIES AND USE OF PROCEEDS
 
 There
were no sales of unregistered securities during the period covered by this
report.
 
 ITEM 3.DEFAULTS UPON SENIOR
SECURITIES
 
 There
were no defaults upon senior securities during the period covered by this
report.
 
 ITEM 4.SUBMISSION OF MATTERS TO A
VOTE OF SECURITY HOLDERS
 
 There
were no matters submitted to a vote of security holders during the period
covered by this report.
 
 ITEM 5.OTHER
INFORMATION
 
 There was
no information required to be disclosed on Form 8-K during the period covered by
this report.
 
 ITEM 6.EXHIBITS
 
 The
following exhibits are included with this quarterly filing. Those marked with an
asterisk and required to be filed hereunder, are incorporated by reference and
can be found in their entirety in our original Form SB-2 Registration Statement,
filed July 17, 2007 under SEC File Number 333-144645, at the SEC website at
www.sec.gov.
 
 Incorporated by referenceExhibit
                                      
                                      Exhibit Description
                                      
                                      Filed
                                        herewith
                                      
                                      Form
                                      
                                      Period
                                        ending
                                      
                                      Exhibit
                                      
                                      Filing
                                        date3.1(i)
                                      
                                      Articles
      of Incorporation
                                      
                                      
                                      
                                      SB-2
                                      
                                      
                                      
                                      3.1(i)
                                      
                                      07/17/073.1(ii)
                                      
                                      Bylaws
      of Micro Mammoth Solutions, Inc.
                                      
                                      
                                      
                                      SB-2
                                      
                                      
                                      
                                      3.1(ii)
                                      
                                      07/17/0731*
                                      
                                      Certification
      of James Watson pursuant to Section 302 of the Sarbanes-Oxley
      Act
                                      
                                      X32*
                                      
                                      Certification
      of James Watson pursuant to Section 906 of the Sarbanes-Oxley
      Act
                                      
                                      X
  17
 
 SIGNATURES
 
 Pursuant
to the requirements of Section 13 or Section 15(d) 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, on November 12, 2009.
 
 MICRO
      MAMMOTH SOLUTIONS, INC.
                    REGISTRANT/s/
      James
      WatsonJames
      WatsonChief
      Executive Officer andPrincipal
      Accounting Officer
  18