**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**WASHINGTON, D.C. 20549

**FORM 10-Q**

(Mark One)

R** QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934**

**FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2009**

 

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

**FOR THE TRANSITION FROM __________ TO __________.**

**COMMISSION FILE NUMBER  *** ***333-143512**

**TARA MINERALS CORP.**

(Exact Name of Registrant as Specified in its Charter)
|  Nevada

 

20-5000381 

(State or other jurisdiction of

 

 (I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

 

 

2162 Acorn Court

 

 

Wheaton, IL  

 

60187

(Address of principal executive offices)

 

  (Zip code)

 

 

 

Issuer's telephone number: (630) 462-2079

 

 

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. YesR    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 (§233.405 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  £    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.

 Large accelerated filero

                 Accelerated filero

Non-accelerated filero

                  Smaller reporting companyþ

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

As of November 16, 2009, the Company had 41,588,985 outstanding shares common stock.

1

**TABLE OF CONTENTS**

PART I - FINANCIAL INFORMATION

Page

 

 

Item 1.  Financial Statements

3  

Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations

18

Item 4T.  Controls and Procedures

20

 

 

PART II - OTHER INFORMATION

 

 

 

Item 1.  Legal Proceedings

21

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

21

Item 3.  Defaults Upon Senior Securities

21

Item 4.  Submission of Matters to a Vote of Security Holders

21

Item 5.  Other Information

21

Item 6.  Exhibits

21

 

 

SIGNATURES

22

2

**PART I - FINANCIAL INFORMATION**

**ITEM 1.     FINANCIAL STATEMENTS**

**TARA MINERALS CORP. AND SUBSIDIARY**

(A Subsidiary of Tara Gold Resources Corp)

(An Exploration Stage Company)

**CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR**

**THE NINE MONTHS ENDED**

**SEPTEMBER 30, 2009 AND SEPTEMBER 30, 2008**

**AND**

**THE PERIOD FROM INCEPTION (MAY 12, 2006 THROUGH September 30, 2009)**

3

**TARA MINERALS CORP. AND SUBSIDIARY**

**(A Subsidiary of Tara Gold Resources Corp)**

**(An Exploration Stage Company)**

**CONDENSED CONSOLIDATED BALANCE SHEETS**

 

 

**September 30,**

 

**December 31,**

 

 

**2009**

 

**2008**

**Assets**

 

**(Unaudited)**

 

**(Unaudited)**

Current assets:

 

 

 

 

       Cash and cash equivalents

$

231,625 

$

21,012 

       Recoverable value added taxes, net of allowance for bad debt of

          $136,105 and $0 at September 30, 2009 and December 31, 2008, respectively

 

1,449,553 

 

591,200 

       Other receivables

 

21,192 

 

5,608 

       Due from related parties, net

 

429,899 

 

423,004 

                     Total current assets

 

2,132,269 

 

1,040,824 

Land

 

19,590 

 

19,590 

Property, equipment and mine development, net of accumulated depreciation

 

 

 

 

   of $59,582 and $42,608 at September 30, 2009 and December 31, 2008, respectively

 

10,534,145 

 

4,348,382 

Deposits

 

- 

 

133,000 

Goodwill

 

12,028 

 

- 

Other assets

 

18,079 

 

1,090 

                     Total assets

$

12,716,111 

$

5,542,886 

 

 

 

 

 

**Liabilities and stockholders’ equity**

 

 

 

 

Current liabilities:

 

 

 

 

       Accounts payable 

$

13,060 

$

41,409 

       Accrued expenses

 

88,840 

 

83,227 

       Notes payable, current portion

 

699,339 

 

255,362 

       Due to related parties, current portion

 

2,386,493 

 

815,794 

                   Total current liabilities

 

3,187,732 

 

1,195,792 

Convertible debenture, related party, net of debt discount of 

 

 

 

 

   $1,481,384 at September 30, 2009 

 

213,616 

 

- 

Notes payable, non-current portion

 

5,788,495 

 

1,512,425 

Due to related parties, non-current portion

 

- 

 

87,658 

                     Total liabilities

 

9,189,843 

 

2,795,875 

 

 

 

 

 

Commitments and contingencies

 

- 

 

- 

 

 

 

 

 

Stockholders’ equity:

 

 

 

 

      Common stock: $0.001 par value; authorized 75,000,000 shares; issued 

 

 

 

 

           : and outstanding 41,588,985 and 37,910,167 shares at September 30, 2009 

 

41,589 

 

37,910 

             and December 31, 2008respectively

 

 

 

 

      Additional paid-in capital 

 

7,543,559 

 

5,040,263 

      Common stock subscribed

 

- 

 

- 

      Deficit accumulated during exploration stage

 

(3,801,403)

 

(2,090,246)

      Other comprehensive loss

 

(257,481)

 

(240,916)

                     Total Tara Minerals stockholders’ equity

 

3,526,264 

 

2,747,011 

 

 

 

 

 

Non-controlling interest

 

4 

 

- 

                    Total liabilities and stockholders’ equity

$

12,716,111 

$ 

5,542,886 

See Accompanying Notes to these Condensed Consolidated Financial Statements.

4

**TARA MINERALS CORP. AND SUBSIDIARY**

**(A Subsidiary of Tara Gold Resources Corp)**

**(An Exploration Stage Company)**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

**AND**

**COMPREHENSIVE LOSS**

 

 

For the 

 

For the  

 

For the 

 

For the

 

From 

 

 

Three

 

Three

 

Nine

 

Nine

 

inception

 

 

months

 

Months

 

months

 

months

 

May 12,

 

 

ended

 

Ended

 

ended

 

Ended

 

2006 to

 

 

September 30,

 

September 30,

 

September 30,

 

September30,

 

September 30,

 

 

2009

 

2008

 

2009

 

2008

 

2009

 

 

(Unaudited)

 

(Unaudited)

 

(Unaudited)

 

(Unaudited)

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

Mining revenues:

$

- 

$

- 

$

              - 

$

          - 

$

           - 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue:

 

 

 

 

 

 

 

 

 

 

    Exploration expenses

 

80,522 

 

9,362 

 

132,906 

 

16,843 

 

322,295 

 

 

 

 

 

 

 

 

 

 

 

Operating, general, and

 

 

 

 

 

 

 

 

 

 

   administrative expenses

 

569,312 

 

196,577 

 

1,379,865 

 

436,479 

 

4,100,472 

 

 

569,312 

 

196,577 

 

1,379,865 

 

436,479 

 

4,100,472 

 

 

 

 

 

 

 

 

 

 

 

Net operating loss

 

(649,834)

 

(205,939)

 

(1,512,771)

 

(453,322)

 

(4,422,767)

 

 

 

 

 

 

 

 

 

 

 

Non-operating (income) expense:

 

 

 

 

 

 

 

 

 

 

       Interest (income)

 

(9,311)

 

(7,164)

 

(22,828)

 

(37,626)

 

(92,425)

       Other (income)

 

(2,062)

 

(4)

 

(27,366)

 

(750,199)

 

(777,577)

       Interest expense

 

243,863 

 

264 

 

248,579 

 

592 

 

248,643 

 

 

232,490 

 

(6,904)

 

198,385 

 

(787,233)

 

(621,359)

Provision (benefit) for income taxes

 

- 

 

- 

 

- 

 

- 

 

- 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

(882,324)

 

(199,035)

 

(1,711,156)

 

333,911 

 

(3,801,408)

 

 

 

 

 

 

 

 

 

 

 

Less: Non-controlling interest

 

- 

 

- 

 

- 

 

- 

 

5 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to 

 

 

 

 

 

 

 

 

 

 

 Tara Minerals’ common shareholders

 

(882,324)

 

(199,035)

 

(1,711,156)

 

333,911 

 

(3,801,403)

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (expense):

 

 

 

 

 

 

 

 

 

 

      Foreign currency translation

 

(63,428)

 

(43,919)

 

(16,565)

 

30,109 

 

(257,481)

      Comprehensive income (loss) 

$

(945,752)

$

  (242,954)

$

 (1,727,721)

$

   364,020 

$

(4,058,884)

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share

 

 

 

 

 

 

 

 

 

 

  attributable to Tara Minerals’

 

 

 

 

 

 

 

 

 

 

  common shareholders, basic

$

(0.02)

$

      (0.01)

$

     (0.04)

$

      0.01 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares of

 

 

 

 

 

 

 

 

 

 

  common stock outstanding, basic

 

41,588,985 

 

37,350,167 

 

39,858,642 

 

37,785,140 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share

 

 

 

 

 

 

 

 

 

 

  attributable to Tara Minerals’

 

 

 

 

 

 

 

 

 

 

  common shareholders, diluted

$

      (0.02)

$

  (0.01)

$

      (0.04)

$

      0.01 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares of

 

 

 

 

 

 

 

 

 

 

  common stock outstanding, diluted

 

41,588,985 

 

37,350,167 

 

39,858,642 

 

38,785,140 

 

 

 

 

 

 

 

 

 

 

 

 

 

See Accompanying Notes to these Condensed Consolidated Financial Statements.

5

**TARA MINERALS CORP. AND SUBSIDIARY**

**(A Subsidiary of Tara Gold Resources Corp)**

**(An Exploration Stage Company)**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

 

 

Nine Months

 

Nine Months

 

From inception

 

 

Ended.

 

Ended.

 

(May 12, 2006)

 

 

September 30, 

 

September 30, 

 

  through

 

 

 2009 

 

2008 

 

September 30,2009 

 

 

(Unaudited)

 

(Unaudited)

 

(Unaudited)

**Cash Flows From Operating Activities:**

 

 

 

 

 

 

     Net income (loss)

$

(1,711,156)

$

333,911 

$

(3,801,403)

     Adjustments to reconcile net loss 

 

 

 

 

 

 

         to cash used in operating activities:

 

 

 

 

 

 

     Bad debt expense

 

136,105 

 

- 

 

136,105 

     Depreciation expense

 

16,974 

 

15,948 

 

59,582 

     Stock based compensation

 

135,500 

 

- 

 

1,299,673 

     Common stock issued for services

 

218,475 

 

- 

 

968,476 

     Minority interest

 

4 

 

- 

 

5 

     Cancellation of common shares for settlement

 

- 

 

(750,000)

 

(750,000)

     Expense of mining deposit upon note modification

 

6,000 

 

- 

 

- 

     Accretion of beneficial conversion feature

 

213,616 

 

- 

 

213,616 

     Changes in assets and liabilities

 

 

 

 

 

 

         (Increase) in recoverable value added taxes

 

(324,382)

 

(112,919)

 

(555,577)

         (Increase) in other receivables

 

(15,584)

 

(50)

 

(21,192)

         Decrease in prepaid expenses

 

- 

 

47,223 

 

- 

         (Increase) in other assets

 

(16,989)

 

(1,391)

 

(18,079)

         (Decrease) increase in accounts payable

 

(28,574)

 

(5,594)

 

12,835 

         (Decrease) increase in accrued expenses

 

(6,459)

 

84,723 

 

76,767 

              Net cash used in operating activities

 

(1,376,470)

 

(388,149)

 

(2,379,192)

 

 

 

 

 

 

 

**Cash Flows from Investing Activities:**

 

 

 

 

 

 

     Acquisition of land

 

- 

 

- 

 

(19,590)

     Purchase of mining concession

 

(575,277)

 

(15,011)

 

(757,327)

     Payments made for construction in progress

 

(1,015,441)

 

(595,466)

 

(1,680,401)

     Acquisition of machinery

 

(97,635)

 

(16,462)

 

(147,103)

     Payments toward mining deposits

 

- 

 

(131,760)

 

- 

     Cash included in business acquisition

 

2,037 

 

- 

 

2,037 

     Business acquisition goodwill

 

(3,758)

 

- 

 

(3,758)

              Net cash used in investing activities

 

(1,690,074)

 

(758,699)

 

(2,606,142)

 

 

 

 

 

 

 

**Cash Flows from Financing Activities:**

 

 

 

 

 

 

     Cash from the sale of common stock

 

458,000 

 

641,500 

 

3,772,000 

     Payments toward notes payable

 

(200,635)

 

- 

 

(200,634)

     Payments toward equipment financing

 

- 

 

- 

 

(160,026)

     Change in due to/from related parties, net

 

3,036,357 

 

(4,446)

 

2,063,101 

     Common stock subscribed

 

- 

 

51,000 

 

- 

     Minority interest, net assets of subsidiary

 

- 

 

- 

 

(1)

              Net cash provided by financing activities

 

3,293,722 

 

688,054 

 

5,474,440 

 

 

 

 

 

 

 

Effect of exchange rate on cash

 

(16,565)

 

30,109 

 

(257,481)

 

 

 

 

 

 

 

         Net increase (decrease) in cash

 

210,613 

 

(428,685)

 

231,625 

 

 

 

 

 

 

 

Cash, beginning of period

 

21,012 

 

467,361 

 

- 

 

 

 

 

 

 

 

Cash, end of period

$

231,625 

$

38,676 

$

231,625 

See Accompanying Notes to these Condensed Consolidated Financial Statements.

6

**TARA MINERALS CORP. AND SUBSIDIARY**

**(A Subsidiary of Tara Gold Resources Corp)**

**(An Exploration Stage Company)**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(CONTINUED)**

 

 

 

 

 

 

From inception

 

 

Nine Months

 

Nine Months.

 

(May 12, 2006)

 

 

Ended   

 

Ended

 

  through

 

 

September 30, 2009 

 

September 30, 2008 

 

September 30, 2009 

 

 

(Unaudited)

 

(Unaudited)

 

(Unaudited)

Supplemental Information:

 

 

 

 

 

 

  Interest paid

$

25,277 

$

- 

$

80,327 

  Income taxes paid

$

- 

$

- 

$

- 

 

 

 

 

 

 

 

Non-cash Investing and Financing Transactions:

 

 

 

 

 

 

   Acquisition of property and equipment through debt

$

- 

$

- 

$

167,072 

 

 

 

 

 

 

 

Purchase of mining concession paid by

 

 

 

 

 

 

    debt to related party plus capitalized interest

 

 

 

 

 

 

    (current period movement due to note modification)

$

(52,048)

$

(12,873)

$

1,590,482 

 

 

 

 

 

 

 

Purchase of mining concession paid with

 

 

 

 

 

 

     notes payable plus capitalized interest

$

4,566,432 

$

- 

$

5,651,342 

 

 

 

 

 

 

 

Recoverable value-added taxes incurred through

 

 

 

 

 

 

     Additional debt and due to related party

$

670,077 

$

- 

$

1,030,081 

 

 

 

 

 

 

 

Purchase of mining equipment with common stock

$

- 

$

600,000 

$

600,000 

 

 

 

 

 

 

 

Beneficial conversion value for convertible debt

$

1,695,000 

$

- 

$

1,695,000 

 

 

 

 

 

 

 

Business Combination of American Copper Mining:

 

 

 

 

 

 

      Cash

$

(2,037)

$

- 

$

(2,037)

      Due from related parties

 

1,989 

 

- 

 

1,989 

      Goodwill (from net assets)

 

8,270 

 

- 

 

8,270 

       Accounts payable and accrued expenses

 

12,071 

 

- 

 

12,071 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See Accompanying Notes to these Condensed Consolidated Financial Statements.

7

**TARA MINERALS CORP. AND SUBSIDIARY**

**(A Subsidiary of Tara Gold Resources Corp)**

**(An Exploration Stage Company)**

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**Note 1.**

**Nature of Business and Significant Accounting Policies**

Nature of business and principles of consolidation:

The accompanying Condensed Consolidated Financial Statements of Tara Minerals Corp. (the “Company”) should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended October 31, 2008 and the Company’s Transition Report on Form 10-QT for the two months ended December 31, 2008. Significant accounting policies disclosed therein have not changed, except as noted below. 

Tara Minerals Corp. (the “Company”) was organized May 12, 2006 under the laws of the State of Nevada. The Company currently is engaged in the acquisition, exploration and development of mineral resource properties in Mexico.  The Company owns 99.9% of the common stock of American Metal Mining, S.A. de C.V. (“AMM”), which was established in December 2006 and operates in México. The Company also owns 100% of the common stock of Adit Resources Corp., which in turns owns 99.9% of American Copper Mining, S.A. de C.V. (“ACM”), which was established in December 2006 and operates in México.  Adit Resources Corp. (“Adit”) was organized in June 2009 and ACM was purchased in June 2009.  The Company currently has limited operations and, in accordance with the Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Development Stage Entities Topic is considered an Exploration Stage Company. 

The Company is a subsidiary of Tara Gold Resources, Corp.

In February 2009, the Company opted to change its year end from October 31 to December 31 to align with the year end of its parent company, Tara Gold Resources Corp.

The accompanying Condensed Consolidated Financial Statements and the related footnote information are unaudited.  In the opinion of management, they include all normal recurring adjustments necessary for a fair presentation of the condensed consolidated balance sheets of the Company at September 30, 2009, the condensed consolidated statements of operations for the three months and the nine months ended September 30, 2009 and 2008 and the condensed consolidated statements of cash flows for the nine months ended September 30, 2009 and 2008. Results of operations reported for interim periods are not necessarily indicative of results for the entire year. 

The consolidated financial statements include the financial statements of the Company, AMM, Adit and ACM. All amounts are in U.S. dollars unless otherwise indicated. All significant intercompany balances and transactions have been eliminated in consolidation.

The subsidiary’s functional currency is the U.S. dollar. As a result, the financial statements of the subsidiary have been remeasured from Mexican pesos into U.S. dollars using (i) current exchange rates for monetary asset and liability accounts, (ii) historical exchange rates for nonmonetary asset and liability accounts, (iii) historical exchange rates for revenues and expenses associated with nonmonetary assets and liabilities and (iv) the weighted average exchange rate of the reporting period for all other revenues and expenses. In addition, foreign currency transaction gains and losses resulting from U.S. dollar denominated transactions are eliminated. The resulting remeasurement gain or loss is recorded in other comprehensive (loss) income.

The financial statements of the all Mexico subsidiaries should not be construed as representations that Mexican pesos have been, could have been or may in the future be converted into U.S. dollars at such rates or any other rates.

8

Relevant exchange rates used in the preparation of the financial statements for the subsidiary are as follows for the nine months ended September 30, 2009 and 2008, respectively. (Mexican pesos per one U.S. dollar).  

 

September 30, 2009

Current exchange rate 

Ps.     

13.5513 

Weighted average exchange rate for the nine months ended  

Ps.     

13.6581 

 

September 30, 2008

Current exchange rate 

Ps.     

10.9397 

Weighted average exchange rate for the nine months ended  

Ps.     

10.5184 

Allowance for doubtful accounts

Each period we analysis our receivables for collectability.  When a receivable is determined to not be collectible we allow for the receivable until we are either assured of collection or assured that a write off is necessary.  As of September 30, 2009 we have allowed $136,105 in association with our receivable from Recoverable value added taxes from our Mexico subsidiaries as we have determined that the Mexican government may not allow the complete refund of these taxes.

Reclassifications and Adjustments

Certain reclassifications, which have no effect on net income (loss), have been made in the prior period financial statements to conform to the current presentation.  

Recently Adopted and Recently Issued Accounting Guidance 

Adopted

On September 30, 2009, the Company adopted changes issued by the Financial Accounting Standards Board (“FASB”) to the authoritative hierarchy of GAAP. These changes establish the FASB Accounting Standards CodificationTM (“Codification”) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with GAAP. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. The FASB will no longer issue new standards in the form of Statements, FASB Staff Positions, or Emerging Issues Task Force Abstracts; instead the FASB will issue Accounting Standards Updates. Accounting Standards Updates will not be authoritative in their own right as they will only serve to update the Codification. These changes and the Codification itself do not change GAAP. Other than the manner in which new accounting guidance is referenced, the adoption of these changes had no impact on the Financial Statements.

We have adopted the new FASB ASC Guidance on Noncontrolling Interests in Consolidated Financial Statements as discussed in the Consolidation Topic of the FASB ASC, which requires companies with noncontrolling interests to disclose such interests clearly as a portion of equity but separate from the parent’s equity. The noncontrolling interest’s portion of net income must also be clearly presented on the condensed consolidated statement of operations. We expect this to affect our financial statements in the third quarter of 2009.

In April 2009, the FASB issued updated ASC guidance for the Fair Value Measurements and Disclosures Topic, which requires disclosures about fair value of financial instruments for interim reporting periods of publicly traded companies as well as in annual financial statements. This guidance also requires those disclosures to be in summarized financial information at interim reporting periods. Additionally, the guidance provides additional 

9

direction for estimating fair value in accordance with established guidance for “Fair Value Measurements,” when the volume and level of activity for the asset or liability have significantly decreased. This guidance also includes direction on identifying circumstances that indicate a transaction is not orderly. This guidance is effective for interim reporting periods ending after June 15, 2009. The Company adopted this guidance in the second quarter of 2009 and it did not have a material impact on the financial statements.

 

In April 2009, the FASB issued updated ASC guidance in the Investments – Debt and Equity Securities Topic in order to make existing guidance more operational and to improve the presentation and disclosure of other-than-temporary impairments on debt and equity securities in the financial statements. The Company adopted this guidance in the second quarter of 2009 and it did not have a material impact on the financial statements.

In June 2009, the FASB issued updated ASC guidance in the Subsequent Events Topic which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. This guidance applies to both interim financial statements and annual financial statements and is effective for interim or annual financial periods ending after June 15, 2009. This guidance does not have a material impact on our financial statements. 

Issued

In June 2009, the FASB issued changes to the accounting for transfers of financial assets. The amendments include: (1) the elimination of the exemption for qualifying special purpose entities, (2) a new approach for determining who should consolidate a variable-interest entity, and (3) changes to when it is necessary to reassess who should consolidate a variable-interest entity. This guidance is effective for the first annual reporting period beginning after November 15, 2009 and for interim periods within that first annual reporting period. The Company will adopt this guidance in fiscal 2010. The Company does not expect that the adoption will have a material impact on the consolidated financial statements. 

10

**Note 2.**

**Property, equipment and mine development**

 

September 30, 

2009

December 31, 

2008

 

(Unaudited)

(Unaudited)

 

 

 

Land

$                 19,590 

$              19,590 

Mining concessions:

 

 

  Pilar (a)

$               710,172 

$            767,014 

  Don Roman

521,739 

521,739 

  Las Nuvias 

100,000 

100,000 

  Centenario (b)

1,905,471 

1,520,737 

  Pirita

243,921 

- 

  Picacho

4,517,848 

- 

Mining concessions

7,999,151 

2,909,490 

 

 

 

Construction in Progress

1,680,401 

664,960 

Machinery and equipment

914,175 

816,540 

 

10,593,727 

4,390,990 

Less – accumulated depreciation

(59,582)

(42,608)

 

$           10,534,145 

$         4,348,382 

Pilar, Las Nuvias, Centenario and Don Roman, are all geographically located together in Mexico and are known as the Don Roman Groupings.

**a.**

In September 2006 another subsidiary of Tara Gold Resources Corp., the Company’s parent, acquired the Pilar de Mocoribo Prospect (“Pilar”) from an unrelated third party for $800,000 plus $120,000 of value added tax. This property was then assigned to AMM in January 2007. In June 2009, AMM and the note holder modified the agreement to return one mining concession under this agreement and reduce the purchase by $60,870 plus the related $9,130 of value added tax.  The resulting purchase price of the remaining concessions is $739,130 plus $110,870 of value added tax.  The Company is required to repay the other subsidiary of its parent for this mining concession as follows (including the applicable value added tax):

Calendar Year

 

 

2009

$   

530,791

In accordance with the Interest Topic of FASB ASC, the future payments of the total payment amount of $739,130 has been discounted using the incremental borrowing rate of 5.01%. As of September 30, 2009, the present value of future payments is as follows: 

 

 

Debt

 

IVAT

 

Total

Total remaining debt

$

486,739 

$

73,011 

$

559,750 

Imputed interest

 

(28,959)

 

- 

 

(28,959)

Present value of future payments

$

457,780 

$

73,011 

$

530,791 

**b.**

In November 2008, AMM executed an agreement to acquire eight mining concessions known as “Centenario” from an independent third party. The properties approximate 5,400 hectares and were purchased for a total of $1,894,050, including $247,050 in value added taxes. 

11

In June 2009, AMM and the note holder modified the agreement to 1) revalue the entire Centenario concession to $2,000,000, 2) apply $127,000 toward the purchase price which we had already paid and recorded as a mining deposit, and 3) apply $197,956 toward the updated value of the concession which was originally paid by another subsidiary of Tara Gold Resources Corp.  These changes resulted in the following 1) additional debt of $28,044 plus related value added tax for these concessions, 2) the reduction of our mining deposit of $127,000, 3) the expense of $6,000 that AMM also paid but which was not included in the revaluation of the concession and 4) and increase in our due to related party of $197,956 plus related value added tax.  Our effective amount financed in relation to this concession $1,675,044 plus $251,257 of value added tax.

The resulting debt payment schedule, including applicable value added tax, is as follows:

Calendar Year

 

 

2009

$

       112,689

2010

 

249,374

2011

 

546,673

2012

 

        692,330

 

$

  1,601,066

In accordance with Interest expense Topic of FASB ASC, the future payments of the total payment amount of $1,575,044 has been discounted using the incremental borrowing rate of 2.97%. As of September 30 2009, the present value of future payments on the Centenario contract is as follows: 

 

Debt

 

IVAT

 

Total

Future payments

$            1,474,429 

 

$               221,165 

 

$           1,695,594 

Imputed interest

(94,528)

 

- 

 

(94,528)

Present value of debt

1,379,901 

 

221,165 

 

1,601,066 

Less:  current portion

(96,189)

 

(16,500)

 

(112,689)

 

$            1,283,712 

 

$               204,665 

 

$           1,488,377 

 

 

 

 

 

 

**c.**

In June 2009 AMM executed an agreement to acquire three mining concessions known as “Pirita” from an independent third party. The properties approximate 6,700 hectares and were purchased for a total of $50,000 cash, $230,000 financed, including $30,000 in value added taxes.

The resulting debt payment schedule, including applicable value added tax, is as follows:

Calendar Year

 

 

2009

$

27,401 

2010

 

111,292 

2011

 

85,228 

 

$

223,921 

12

In accordance with the Interest Topic of FASB ASC, the future payments of the total payment amount of $200,000 has been discounted using the incremental borrowing rate of 2.76%. As of September 30 2009, the present value of future payments on the Pirita contract is as follows: 

 

 Debt 

 

IVAT 

 

Total 

Future payments

$              200,000 

 

$                30,000 

 

$             230,000 

Imputed interest

(6,079)

 

- 

 

(6,079)

Present value of debt

193,921 

 

30,000 

 

223,921 

Less:  current portion

(95,627)

 

(15,000)

 

(110,627)

 

$                98,294 

 

$                15,000 

 

$              113,294 

**d.**

In June 2009 ACM executed an agreement to acquire eight mining concessions known as “Picacho” from an independent third party. The properties approximate 3,236 hectares and were purchased for a total of $500,000 cash, $4,945,000 financed, including $645,000 in value added taxes.

The resulting debt payment schedule, including applicable value added tax, is as follows:

Calendar Year

 

 

2009

$

241,016 

2010

 

472,458 

2011

 

483,503 

2012

 

3,465,871 

 

$

4,662,848 

In accordance with the Interest Topic of FASB ASC, the future payments of the total payment amount of $4,300,000 has been discounted using the incremental borrowing rate of 2.76%. As of September 30 2009, the present value of future payments on the Picacho contract is as follows: 

 

Debt

 

IVAT

 

Total

Future payments

$            4,300,000 

 

$               645,000 

 

$           4,945,000 

Imputed interest

(282,152)

 

- 

 

(282,152)

Present value of debt

4,017,848 

 

645,000 

 

4,662,848 

Less:  current portion

(401,023)

 

(75,000)

 

(476,023)

 

$            3,616,825 

 

$               570,000 

 

$           4,186,825 

**Note 3.**

**Convertible debt related party**

In June 2009, the Company entered into a convertible debt agreement with its parent Tara Gold Resources Corp., for $1,695,000, with principle and interest due June 30, 2011.  Interest is prime rate plus 3.25% and calculated on a 365-day year.  Principle and interest are convertible into the Company’s common stock at a fixed price of $0.20.  As of September 30, 2009 the company has accrued $27,544 of interest expense for this note. 

At the date of inception, the debt had a beneficial conversion feature of $1,695,000.  This was recorded as a debt discount and will be accreted to interest expense over the term of the debt. As of September 30, 2009, $213,616 of the beneficial conversion feature has been accreted to interest expense.

13

**Note 4.**

**Stockholders’ Equity**

The authorized common stock of the Company consists of 75,000,000 shares with par value of $0.001.

Between March 2009 and June 2009, the Company sold 2,290,000 units at a price of $0.20 per unit.  Each unit consisted of one share of the Company’s common stock and one warrant.  Each warrant entitles the holder to purchase one share of the Company’s common stock at a price of $0.40 per share at any time on or before May 31, 2011. As of September 30, 2009, 2,290,000 shares of common stock for $458,000 have been issued in relation to this private offering.  No warrants had been exercised under this offering at September 30, 2009.

In April 2009, the Company issued 650,000 shares of common stock valued at $104,000 or $0.16 a share for officer bonuses.

In April 2009, the Company issued 150,000 shares of common stock valued at $24,000 or $0.16 a share for services.

In May 2009, the Company issued 192,500 shares of common stock valued at $90,475 or $0.47 a share for services.

In June 2009, the Company issued 196,318 shares of common stock valued at $31,500 or $0.16 a share for salaries.

In June 2009, the Company issued 200,000 shares of common stock valued at $104,000 or $0.52 a share for services.

The Company did not issue any shares in the third quarter of 2009.

Net loss per common share

Net loss per share is calculated in accordance with the Earnings Per Share Topic of FASB ASC.  The weighted average number of common shares outstanding during each period is used to compute basic loss per share. Diluted loss per share is computed using the weighted averaged number of shares and dilutive potential common shares outstanding.  Dilutive potential common shares are additional common shares assumed to be exercised.

At September 30, 2009, and for the three months ended September 30, 2008, the Company had a net loss resulting in no dilution of any common stock equivalents. The following table reconciles basic earnings per share and diluted earnings per share attributable to Tara Minerals stockholders and the related weighted average number of shares outstanding for the nine months ended September 30, 2008:

14

 

For the Nine Months 

Ended September 30, 2008

 

Income

(Numerator)

Shares

(Denominator)

Per-Share

Amount

Net income

$       333,911 

- 

 

Less: Noncontrolling interest

- 

- 

$         0.01 

Basic EPS:

 

 

 

Income available to Tara Minerals common stockholders

$       333,911 

37,785,140 

$         0.01 

 

 

 

 

Options - Biscan

- 

750,000 

 

Options - Brown

- 

250,000 

 

 

 

 

 

Diluted EPS:

 

 

 

Net income attributable to Tara Minerals common

 

 

 

 stockholders plus assumed conversions

$       333,911 

38,785,140 

$         0.01 

**Note 5.**

**Income Taxes**

As required by the Income Tax Topic of FASB ASC, the Company recognizes the tax effects of a position only if it is “more-likely-than-not” to be sustained based solely on its technical merits as of the reporting date.  The more-likely-than-not threshold represents a positive assertion by management that a company is entitled to the economic benefits of a tax position.  If a tax position is not considered more-likely-than-not to be sustained based solely on its technical merits, no benefits of the tax position are to be recognized.  Moreover, the more-likely-than-not threshold must continue to be met in each reporting period to support continued recognition of a benefit.  

The Company did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because the Company has experienced operating losses since inception. The Company provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more-likely-than-not that the Company will not earn income sufficient to realize the deferred tax assets during the carry forward period. 

The components of the Company’s deferred tax asset as of September 30, 2009 are as follows:

 

2009

2008

Net operating loss carry forward

$          1,197,000 

$        636,000 

Valuation allowance

(1,197,000)

(636,000)

Net deferred tax asset

$                      - 

$                  -

A reconciliation of the statutory income taxes rates and the effective rate is as follows:  

 

2009 

2008 

Tax at statutory rate (blended U.S. and MX)

32%

32%

Valuation allowance

(32%)

(32%)

 

- 

- 

The Company files income tax returns in the United States and certain states in the United States and certain foreign jurisdictions.  The Company filed its year end tax return for October 31, 2007, and due to the change from a fiscal year end to a calendar year end, filed its December 31, 2007 tax return.  The calendar 2008 tax return will be filed by the extended due date after the filing of these financial statements.  These U. S. federal and foreign jurisdiction income tax returns for the years ended December 31, 2008 and 2007 are considered open tax years as of the date of these condensed consolidated financial statements.  No income tax returns are currently under examination by any tax authorities.

15

**Note 6.**

**Related Party Transactions**

Due to related parties current was $2,386,493 as of September 30, 2009; current and non-current, respectively, at December 31, 2008 were $815,794 and $87,658.

The Company is a subsidiary of Tara Gold Resources Corp. In January 2007, another subsidiary of Tara Gold Resources Corp., Corporacion Amermin, S.A. de C.V. (“Amermin”), made the arrangements to purchase the Pilar, Don Roman and Las Nuvias properties listed in Note 2 (part of the Don Roman Grouping). These properties were assigned to the Company’s subsidiary AMM as of January 2007. AMM makes payments to Amermin and Amermin makes payments related to the original purchase agreements.  At September 30, 2009, Amermin has paid the original note holder in full but AMM has not paid Amermin. At September 30, 2009, due to related parties, current consisted of:

- Pilar mining concession:  $530,791 (inclusive of valued added tax) 

- Don Roman concession:  $210,000

As of September 30, 2009 Tara Gold Resources loaned the Company $1,200,000.  There are no terms to this intercompany payable and it is due on demand of the parent.

The remaining due to related parties current as of September 30, 2009 is $445,702, is due to Amermin for other related party loans. 

**Note 7.**

**Organization of Adit Resources Corp. and Purchase of American Copper Mining, S.A. de C.V.**

In June 2009, the Company organized Adit Resources Corp. (“Adit”), a Nevada corporation, for the sole purpose of purchasing American Copper Mining, S.A. de C.V. (“ACM”), which also occurred in June 2009.

ACM owns properties which are in the same general area as the properties owned by the Company’s AMM subsidiary.  Effective June 2009, the Company, through Adit, purchased 99.9% of ACM’s common stock for approximately $3,800.  The purpose of purchasing ACM allows the Company to invest in other mining opportunities outside of the original purview of AMM.

As of the date of purchase, ACM was virtually dormant.  Also at the date of purchase, ACM was controlled by the President of our Mexico division, but not the Company’s CEO in the United States nor did the Company have risk of loss for any transactions conducted by ACM prior to the purchase.  The Company had accounted for previous transactions with ACM as related party transactions, which eliminated in consolidation at the date of purchase.  

The Company has initially calculated the fair value of the assets purchased and liabilities assumed as follows:

**Assets**

**June 2009**

Cash

$                     2,037 

Due from related parties and value added tax

1,989 

**Liabilities**

 

Due to related parties

(12,296)

Fair market value of net identifiable assets

(8,270)

Less:  Purchase price of 99.9% of outstanding common stock

(3,757)

Value of assigned goodwill

$                   12,028 

 

 

16

We are currently finalizing this transaction and have not yet identified any intangible items which qualify for separate disclosure and accounting apart from goodwill.  When the transaction is finalized this may affect the valuation of the fair values disclosed above in part due to changes in pesos in relation to the US dollar.

**Note 8.**

**Subsequent Events**

Between October 31, 2008 and November 21, 2008 Tara Minerals sold 560,000 Units at a price of $0.20 per Unit.  Each Unit consisted of one share of Tara Mineral’s common stock and one warrant.  Each warrant entitles the holder to purchase one share of Tara Mineral’s common stock at a price of $1.20 per share during the two year period following the sale of the Units.  The warrants expire two years after their issuance.  In October 2009, the warrant exercise price wasamended so that holders’ could exercise the warrant at a price of $0.90 until October 23, 2009.  After October 23, 2009 the warrant exercise price reverted to $1.20 per share. The warrant expiration date did not change.  A total of 596,667 warrants for $537,000 were exercised at the lower exercise price.

For our 2009 offering disclosed in Note 4 above, 50,000 warrants for $20,000 have been exercised in the fourth quarter.

17

**ITEM 2.**

**MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION**

Tara Minerals was incorporated on May 12, 2006.  During the period from its incorporation through September 30, 2009, Tara Minerals did not generate any revenue and incurred $322,295 in exploration expenses and $4,100,472 in operating and general administration expenses.  Included in operating and general and administrative expenses is a non-cash charge of $1,164,173 pertaining to the issuance of stock options.

Between October 31, 2008 and November 21, 2008 Tara Minerals sold 560,000 Units at a price of $0.20 per Unit.  Each Unit consisted of one share of Tara Mineral’s common stock and one warrant.  Each warrant entitles the holder to purchase one share of Tara Mineral’s common stock at a price of $0.40 per share during the two year period following the sale of the Units.  The warrants expire two years after their issuance.  In October 2009, the warrant conversion prices were amended so that holders’ could exercise the warrant at a price of $0.90 until October 23, 2009.  After October 23, 2009 the warrant exercise price will be at $1.20 per share until expiration.  Expiration date did not change.

In March 2009, the Tara Minerals sold, in a private offering of 2,000,000 units for $400,000 in cash, or $0.20 per unit. Each unit consisted of one share of Tara Minerals’ common stock and one warrant.  Each warrant entitles the holder to purchase one share of Tara Minerals’ common stock at a price of $0.40 per share at any time on or before April 30, 2011. As of September 30, 2009, 2,290,000 shares of common stock for $458,000 have been issued in relation to this private offering.

Tara Minerals decided to change its year end from October 31 to December 31 to align with the year end of its parent company, Tara Gold Resources Corp.

As of September 30, 2009 Tara Minerals had a 100% interest in the mining properties listed below. Although Tara Minerals believes that each of these properties haves deposits of silver, copper, lead or zinc, the properties are in the exploratory state and may never produce any of these metals in commercial quantities.

In Mexico, land size is denominated in hectares and weight is denominated in tonnes.  One hectare is equal to approximately 2.47 acres and one tonne is equal to 2,200 pounds.

Don Roman Grouping

The Don Roman Groupings consists of the Pilar de Mocoribo Prospect concessions, the Don Roman and Lourdes Concessions, the Las Nuvias Concession, and the Centenario Prospect concessions. These concessions are all contiguous to each other and comprise approximately 7,032 hectares in size and are located approximately 25 kilometers from the town of Choix, Sinaloa State, Mexico. A number of these mineralized structures lie within a complex suite of volcanic-granitic and sedimentary (carbonate) rocks.  Preliminary and continuing evaluation of the Don Roman Groupings has identified numerous mineralized systems at various locations on the property, some of which include a series of parallel NE trending lead, zinc, silver structures that can be traced for more than 300 meters; an abandoned lead, zinc, silver mine; and historic vein-type gold mineralization. The latest acquisition and addition of the Centenario Prospect Concessions to the Don Roman Groupings has added significant geological potential. Preliminary evaluation of the property has indicated the potential for five separate mineral systems each having varying mineral characteristics.  Initial sampling has indicated the potential for two lead, zinc, silver systems; two gold copper systems; and one iron ore, gold, copper system. 

As of September 30, 2009, Tara Minerals had completed a preliminary rock-chip sampling program, detailed surface sampling, and mine preparation, which included the driving and sampling of a total of five separate adits on three levels and a stope connecting the three levels, at a cost of approximately $725,000.

18

Permits needed to move towards continued active mining, assessing exploitation options and costs associated with the design of various mining and recovery systems have been obtained.  Mining and processing equipment have been purchased and the plant, which will be capable of processing a minimum of 400 tonnes per day, has begun test ore runs on one of three circuits.  Water rights for the property have been acquired and a 3" water pump and water 4.5 Km water line has been completed from Huites water reservoir.  High voltage electrical service has been supplied to an electrical substation which will supply power to operate the Plant.

Two circuits capable of producing a minimum of 200 tonnes per day have been completed and are systematically increasing the production rate of saleable Lead-Silver and Zinc concentrates while improving recovery rates, which are estimated to be approximately 80%. Concentrates are being stockpiled in anticipation of a definitive concentrate off-take agreement which is being negotiated between a number of different buyers.

Work continues on the third ball mill, which will add a minimum of another 100 tonnes of production capacity After the addition of a fourth ball mill, which will be used as a regrind circuit, the plant is expected to operate at a minimum throughput rate of 400 tonnes per operating day.  Ore continues to be hauled from the Don Roman mine to the plant patio where approximately 5,000 metric tonnes of economic grade ore has been stockpiled.  Approximately 2,000 tonnes has been crushed to minus 3/8 inch and is ready for processing. A newly discovered Gold structure named "San Felipe" has been channel sampled and returned assays with Gold values ranging from 28 to 43 grams Gold per metric tonne. Trenching has traced the structure for a strike of a minimum of 850 meters with a minimum depth of 400 meters and is open in all directions. A new road to  ̈San Felipe ̈ is being completed and additional trenching and sampling is underway. A building has been constructed to provide cover to the main portion of the plant equipment and personnel. A warehouse, on site living quarters, and a complete assay lab have also now been completed. As of September 30, 2009 approximately $2,950,000 has been spent on the processing plant facilities, processing equipment, and mining related equipment.

Le Fe, Suerte, and Pirita Prospects

In June 2009 Tara Minerals acquired the three prospects for $280,000, of which $50,000 was paid at closing.  The “La Fe” claim is approximately 3,545 hectares in size and is located in the state of Sinaloa, within the Santo Thomas copper project area. The “Suerte” claim is approximately 1,170 hectares in size and is located in the state of Chihuahua, adjacent to Glamis Gold’s “El Sauzal” project. The “Pirita” claim is approximately 1,940 hectares in size and is located in the state of Sonora, some 10 kilometers N/W of the Picacho property and is surrounded by various claims held by Penoles.  Tara Minerals is evaluating this prospect, which may contain commercial deposits of  Gold and Copper.

Picacho Prospect

Between October 2006 and January 2007 Tara Gold Resources Corp. acquired eight mining claims known as the “Picacho prospect” from Emilio Acuña Peralta.  Under the terms of the agreement with Mr. Acuña, Tara Gold had the right to acquire a 100% interest in the property by making payments to Mr. Acuña totaling $7,000,000 over a five-year period.  Due to economic circumstances relating to the current recession, Tara Gold failed to make a payment due in November, 2008. In June, 2009 Tara Minerals agreed to acquire the Picacho claims from Mr. Acuña for $4,800,000, plus value-added tax of $720,000.  Tara Minerals paid $575,000 of the purchase price in June, 2009.  The remainder of the purchase price is payable in varying installments with a final payment of $3,507,500 due in 2012.

The Picacho property is located on a 3,236 hectare mining concession within the Northern Sierra Madre Gold Belt, 120 kilometers south of the U.S. border, in Sonora, Mexico.  Between June, 2006 and May, 2007, Tara Gold mined a small amount of ore containing gold and silica.  The mineralized ore was crushed at the mill and sold to Mexicana del Cobre smelter as flux with gold credits.

The $575,000 paid to Mr. Acuña in June, 2009 was borrowed from Tara Gold Resources.  Tara Gold owns 80% of Tara Minerals’ common stock.  

19

Results of Operation

During the period from its incorporation and through September 30, 2009, Tara Minerals did not generate any revenue and incurred $322,295 in exploration expenses and $4,100,472 in operating and general administration expenses.  Included in operating and general and administrative expenses are non-cash charges of $1,164,673 pertaining to the issuance of stock options.

Tara Minerals anticipates that its capital requirements during the twelve months ending September 30, 2010 will be:

Property payments and taxes – Pilar de Mocoribo property

$

559,750 

Exploration and Development – Don Roman property

 

400,000 

Exploration and Development -  Centenario property

 

150,000 

Property payments and taxes – Centenario property

 

112,689 

Property payments and taxes – Pirita property

 

110,627 

Property payments and taxes – Picacho property

 

476,023 

Exploration and Development – Picacho property

 

3,000,000 

General and administrative expenses

 

350,000 

Total        

$

5,159,089 

 

Since its inception, Tara Minerals has financed its operations primarily from the sale of its common stock and warrants, and loans from its parent Tara Gold Resources.

Tara Minerals’ future plans will be dependent upon the amount of capital available to Tara Minerals, the amount of cash provided by its operations, and the extent to which Tara Minerals is able to have joint venture partners pay the costs of exploring and developing its mining properties.  Tara Minerals will need to obtain additional capital if it is unable to generate sufficient cash from its operations.

Tara Minerals does not have any commitments or arrangements from any person to provide Tara Minerals with any additional capital.

Tara Minerals has hired 45 new employees as of September 30, 2009 for mining and anticipates no further material employee additions during the twelve-month period ending September 30, 2010.

See Note 1 to the financial statements included as part of this report for a description of Tara Minerals’ significant accounting policies. 

**ITEM 4T.   CONTROLS AND PROCEDURES**

Francis Richard Biscan, Jr., Tara Minerals’ Principal Executive Officer and Clifford A. Brown, Tara Minerals’ Principal Financial Officer, have evaluated the effectiveness of Tara Minerals’ disclosure controls and procedures (as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934) as of the end of the period covered by this report, and in their opinion Tara Minerals’ disclosure controls and procedures are effective.  

There were no changes in Tara Minerals’ internal controls over financial reporting that occurred during the transition period that have materially affected, or are reasonably likely to materially affect, Tara Minerals’ internal control over financial reporting.

20

**PART II**

**OTHER INFORMATION**

**ITEM 1.      LEGAL PROCEEDINGS**

None.

**ITEM 2.       UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**

No shares were issued in the third quarter of 2009.

**ITEM 3.      DEFAULTS UPON SENIOR SECURITIES**

None.

**ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

None.

**ITEM 5.**     **OTHER INFORMATION**

None.

**ITEM 6.     EXHIBITS  **

(a)

Exhibits

 

 

31.1

Rule 13a-14(a) Certifications –CEO

31.2

Rule 13a-14(a) Certifications – CFO

32.1

Section 1350 Certifications 

 

 

 

 

 

 

 

 

 

 

 

 

21

**SIGNATURES**

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on November 16, 2009.

**TARA MINERALS CORP.**

By:   */s/ Francis Richard Biscan Jr.*

* *Francis Richard Biscan, Jr., 

President and Chief Executive Officer

By:   */s/ Clifford A. Brown*

* *Clifford A. Brown, 

Principal Financial and Accounting Officer

 

22 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|