UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



FORM
10-Q

(Mark
One)

[X]
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE

SECURITIES
EXCHANGE ACT OF 1934



For
the quarterly period ended: June 30, 2009



or



[
] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE

EXCHANGE
ACT



For
the transition period from __________ to __________



Commission
file number 000-22744



|ARIZONA
    GOLD AND ONYX MINING COMPANY f/k/a VIKING CAPITAL GROUP, INC.
|-------------------------------------------------------------------------
|(Exact
    name of registrant as specified in its charter)               



|Utah                                                               |  | 87-0442090                           
|------------------------------------------------------------------ |  | -------------------------------------
|(State
    or other jurisdiction of incorporation or organization) |  | (IRS
    Employer Identification No.)



3422
PICO BLVD LOS ANGELES CA 90019

(Address
of principal executive offices)



714-609-9117

(Registrant's
telephone number)



Check
whether the issuer (1) 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 issuer was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days ☐ Yes ☒ No



Indicate
by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ☐ Yes ☒
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 filer | ☐ |  | Accelerated
    filer         | ☐
|--------------------------- | - |  | ----------------------------- | -
|Non-accelerated
    filer   | ☐ |  | Smaller
    reporting company | ☒
|Emerging
    growth company | ☐ |  |                               |  



If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



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



APPLICABLE
ONLY TO CORPORATE ISSUERS



As
of May 8, 2018, there were112,410,467
shares of registrant’s common stock outstanding.





1







EXPLANATORY
NOTE:

The
current management submitting the following unaudited financial statements were not employed by the Company nor Board members
for the financial periods presented below. The current Board of Directors in the best interests of the Shareholders chooses to
file the necessary reporting obligations as a Voluntary Reporting Company. These unaudited financial reports are prior to the
filing of the FORM 15 dated April 23, 2010 with the SEC. The information is to the best of managements knowledge and efforts at
the time of the filing.



2







ARIZONA
GOLD AND ONYX MINING COMPANY f/k/a VIKING CAPITAL GROUP, INC.



|             | PART
    I – FINANCIAL INFORMATION                                                        |   
|------------ | ----------------------------------------------------------------------------------------- | --
|             |                                                                                           |   
|Item
    1.  | Financial
    Statements                                                                  | 4 
|Item
    2.  | Management's
    Discussion and Analysis of Financial Condition and Results of Operations | 14
|Item
    3.  | Quantitative
    and Qualitative Disclosures about Market Risk                            | 14
|Item
    4.  | Controls
    and Procedures                                                               | 15
|             |                                                                                           |   
|             | PART
    II – OTHER INFORMATION                                                           |   
|             |                                                                                           |   
|Item
    1.  | Legal
    Proceedings                                                                     | 16
|Item
    1A. | Risk
    Factors                                                                          | 16
|Item
    2.  | Unregistered
    Sales of Equity Securities and Use of Proceeds                           | 16
|Item
    3.  | Defaults
    Upon Senior Securities                                                       | 16
|Item
    4.  | Mine
    Safety Disclosures                                                               | 16
|Item
    5.  | Other
    Information                                                                     | 16
|Item
    6.  | Exhibits                                                                                  | 16
|             |                                                                                           |   
|Signature    |                                                                                           | 17





3









PART
I - FINANCIAL INFORMATION



| | ITEM
                                         1. | FINANCIAL
                                         STATEMENTS
| | ------------------------------------------------ | -------------------------------------------------------------







|                                                                                                                      |     
|--------------------------------------------------------------------------------------------------------------------- | ----
|INDEX TO UNAUDITED CONSOLIDATED FINANCIAL
    STATEMENTS                                                              | PAGE
|                                                                                                                      |     
|Unaudited Consolidated Balance Sheets
    at June 30, 2009 and December 31, 2008                                      | 6   
|                                                                                                                      |     
|Unaudited Consolidated Statements of Operations
    for the three and six months periods ended June 30, 2009 and 2008 | 7   
|                                                                                                                      |     
|Notes to Unaudited Consolidated Financial Statements                                                                  | 8   
|                                                                                                                      |     





4







ARIZONA
GOLD AND ONYX MINING COMPANY f/k/a VIKING CAPITAL GROUP, INC.



CONSOLIDATED
FINANCIAL STATEMENTS (UNAUDITED)





For
the three months period ending June 30, 2009





NOTICE



The
accompanying unaudited financial statements of ARIZONA GOLD AND ONYX MINING COMPANY f/k/a VIKING CAPITAL GROUP, INC. for the three
months period ending June 30, 2009, have been prepared by management and approved by the Board of Directors of the Company.



These
financial statements have not been reviewed by the external auditors of the Company.









5









|ARIZONA GOLD AND ONYX MINING COMPANY f/k/a VIKING CAPITAL GROUP, INC.                         
|----------------------------------------------------------------------------------------------
|CONSOLIDATED BALANCE SHEETS                                                                   
|(UNAUDITED)                                                                                   
|                                                                                              
|                                                                                              
|ASSETS                                                                                        
|Current                                                                                       
|Cash and cash equivalents                                                                     
|Prepaid expenses                                                                              
|Notes receivable and accrued expenses                                                         
|Total current assets                                                                          
|                                                                                              
|Property and Equipment                                                                        
|Computer equipment                                                                            
|Furniture and office equipment                                                                
|                                                                                              
|Accumulated depreciation and amortization                                                     
|Net property and equipment                                                                    
|                                                                                              
|Capitalized Software                                                                          
|Long Term Note Receivable                                                                     
|Other assets (subsidiaries not doing business, assets 0)                                      
|Loss of other assets                                                                          
|Total Assets                                                                                  
|                                                                                              
|LIABILITIES AND SHAREHOLDERS' EQUITY                                                          
|Current liabilities                                                                           
|Current maturities of long-term and other current debt                                        
|Accounts payable                                                                              
|Current/Long Term Debt                                                                        
|Other accrued expenses                                                                        
|Total current liabilities                                                                     
|                                                                                              
|Long Term Debt                                                                                
|                                                                                              
|Total Liabilities                                                                             
|                                                                                              
|Shareholders' Equity                                                                          
|Preferred stock:  $1.00 par value, 50,000,000 shares                                          
|authorized; -0- shares issued and outstanding                                                 
|Common Stock, $0.001 par value, 150,000,000 shares authorized,                                
|112,410,467 shares issued and outstanding at June 30, 2009 and December 31, 2008, respectively
|Common Stock, Class B; $0.001 par value; 100,000 shares authorized,                           
|51,000 shares issued and outstanding                                                          
|Additional Paid-in Capital                                                                    
|Accumulated Profit (Loss)                                                                     
|Total Shareholders' Equity                                                                    
|                                                                                              
|Total Liabilities and Shareholders' Equity                                                    
|                                                                                              
|The accompanying notes are an integral part of these consolidated financial statements.       





6







|ARIZONA GOLD AND ONYX MINING COMPANY f/k/a VIKING CAPITAL GROUP, INC.                  
|---------------------------------------------------------------------------------------
|CONSOLIDATED STATEMENTS OF OPERATIONS                                                  
|(UNAUDITED)                                                                            
|                                                                                       
|                                                                                       
|                                                                                       
|                                                                                       
|REVENUE                                                                                
|Rental Income                                                                          
|                                                                                       
|COST OF REVENUE                                                                        
|Selling expenses                                                                       
|                                                                                       
|GROSS PROFIT (LOSS)                                                                    
|                                                                                       
|GENERAL AND ADMINISTRATIVE EXPENSES                                                    
|                                                                                       
|Loss from Operations                                                                   
|                                                                                       
|OTHER INCOME (EXPENSE)                                                                 
|Interest income                                                                        
|Interest expense                                                                       
|Write off of long-term note receivable and related accrued interest                    
|Loss from equity accounted investment                                                  
|Other                                                                                  
|Total Other Income (Expense), Net                                                      
|                                                                                       
|NET LOSS BEFORE PROVISION FOR INCOME TAXES                                             
|                                                                                       
|Provision for Income Taxes                                                             
|                                                                                       
|NET LOSS                                                                               
|                                                                                       
|EARNINGS (LOSS) PER BASIC AND DILUTED SHARES                                           
|                                                                                       
|WEIGHTED AVERAGE NUMBER OF COMMON SHARES                                               
|SHARES OUTSTANDING                                                                     
|                                                                                       
|The accompanying notes are an integral part of these consolidated financial statements.



7







ARIZONA
GOLD AND ONYX MINING COMPANY f/k/a VIKING CAPITAL GROUP, INC.



NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

JUNE
30, 2009



1.
NATURE OF OPERATIONS AND GOING CONCERN

Arizona
Gold and Onyx Mining Company (the “Company”) was incorporated November 12, 1986, as a Utah business corporation under
the name of Silver Harvest, Inc. to transact any business authorized under the general corporation law of Utah. In February 1990,
the Company amended its Articles of Incorporation to change its name to Viking Capital Group, Inc. and in May 2010, the Company
changed its name to its current name Arizona Gold and Onyx Mining Company.

Pursuant
to a Stock Purchase Agreement dated August 1, 2001, The Company acquired 25% of the ownership of Beijing Fei Yun Viking Enterprises
Company, Ltd. (“Fei Yun”), with its principal place of business located in Beijing, China. Twenty-five percent of
this newly formed entity was acquired for common shares of The Company. A total of 7,500,000 common shares were issued directly
to Fei Yun and the remaining 14,000,000 common shares were issued to the owners of the assets that were transferred into Fei Yun
in conjunction with The Company’s purchase. The agreement to acquire 25% of Fei Yun was entered into on August 1, 2001 and
was effective on December 3, 2001. The Company purchased an additional 71% of Fei Yun with the issuance of 1,800,000 shares of
The Company’s preferred stock. After the acquisition of the additional 71% interest and through the divestiture date, The
Company accounted for its investment in Fei Yun under the consolidation method.



Effective
January 31, 2003, pursuant to a Stock and Note Receivable For Ownership Agreement dated January 31, 2003, the Company sold its
96% ownership of Fei Yun to Beijing Fei Yun Property Development Company, Ltd. (Fei Yun Property). In exchange for the 96% ownership
of Fei Yun Viking, the Company received 1.8 million shares of its Series 2001 Callable Preferred Shares, 7,000,000 common restricted
shares of the Company, a $6.5 million note receivable due from Hebei Kangshun Feiyun Organic Waste Processing Company, Ltd., and
7.5 million common shares of the Company that were held as treasury shares by Fei Yun.



Additionally,
pursuant to a stock purchase agreement dated September 3, 2001, which became effective November 29, 2001, after receiving all
necessary approvals from the Chinese authorities, The Company acquired 25% of Wuxi Viking Garments Co., Ltd (“Wuxi”),
with its principal place of business located in Wuxi, China. This entity was acquired for 1,800,000 common shares of The Company.
The total value of the common stock issued for the acquisition was $540,000. Until the divestiture date, The Company accounted
for its investment in Wuxi using the equity method of accounting.



Effective
March 28, 2003, the Company sold its 25% equity ownership position in Wuxi Viking Garment Co., Ltd. (Wuxi). The Company received
1.4 million of its common restricted shares in exchange for its 25% equity ownership position in Wuxi.



For
the periods presented, Arizona Gold and Onyx Mining Company f/k/a Arizona Gold and Onyx Mining Company and its subsidiaries are
collectively referred to as the “Company.”



Subsequent
to December 31, 2004, a number of events have transpired that impact the future operations and direction of the Company. In January
2005, the Company experienced a change of control associated with a significant acquisition and significant other changes that
included a reduction of accrued compensation and previous related party receivables and payables.



8







On
January 27, 2005, the Company acquired from FITT, Inc. (Seller), 60% of the authorized and issued outstanding common stock of
Brentwood, Re, Ltd. (Brentwood), a St. Kitts, West Indies domiciled insurance company in exchange for 20,000,000 of the Company’s
restricted common shares and 1,800,000 of the Company’s Series 2001 Callable Preferred shares. The Company has accounted
for this transaction under the purchase method of accounting. Under this method, the value of the Company’s acquisition
is determined at $19,440,000, or the fair market value of the Company’s stock tendered to the Seller at the date of acquisition
as calculated using an average of the closing bid price on the day of transaction and the four trading days prior. Brentwood’s
un-audited assets at the date of acquisition include $32,400,000 of long-term assets and no liabilities. Brentwood has had no
history of operations since its incorporation date of November 23, 2003. The Company has determined that the appraised value of
these long term assets is at a minimum the value assigned by the Company to this purchase. Commencing January 27, 2005, the Company
will include the results of operations, if any, of Brentwood in its consolidated results of operations. For the year ending December
31, 2006, the results of operations was zero.



As
a result of this acquisition and on this same date, the Company’s Chairman and Chief Executive Officer, Mr. William J. Fossen,
announced his retirement and subsequently Mr. Steve Mills was appointed as Mr. Fossen’s successor. On January 27, 2005,
the Company authorized for Mr. Mills 8,000,000 restricted common stock options exercisable at $.05 per share for a period up to
ten years from the date of award. The Company also authorized options for an additional 2,000,000 restricted common shares at
$0.10 per share to be awarded to the Company’s management at dates and other terms to be decided.



On
December 3, 2003, the Company had announced a letter of intent to purchase Texamerican Food Marketing, Inc. from R. M. Sandifer,
a member of the board of directors of The Company. Texamerican is owned equally by R. M. Sandifer and his wife. The unaudited
revenues of Texamerican during year 2003 were approximately $7.1 million versus the projected $7.2 million contained in the press
release. The proposed acquisition carries a purchase price of $3.5 million cash and 10 million common restricted shares. As the
Company changed control in January 2005, the Company discontinued pursuit of the acquisition.



On
March 16, 2005, the Company’s former Chairman and Chief Executive Officer, W. J. Fossen, agreed to sell to a private company,
affiliated with and controlled by Mr. Mills, his 100,000 shares of the Company’s Class “B” common stock in exchange
for a cash down payment and a promissory note from the purchaser. Closing on this transaction was scheduled for April 1, 2005.
These Class “B” shares, representing 100% of the authorized, issued and outstanding Class “B” shares,
have the right to elect a majority of the Company’s directors. On this same date, Mr. Fossen also agreed to return for cancellation
18,300,000 of the Company’s common stock options previously awarded to him and outstanding at a weighted average exercise
price of $0.11 per share and he also agreed to forgive the Company’s $1,145,399 deferred compensation obligation due him.
The Company also agreed to accept shares in a private company controlled by Mr. Fossen in full payment of all promissory notes,
including accrued interest, totaling $101,970 due from Mr. W. J. Fossen to the Company. The shares acquired by the Company will
constitute less than 5% of outstanding shares of the subject company controlled by Mr. W. J. Fossen.



On
March 16, 2005, a Company director agreed to convert outstanding notes payable due him in the aggregate accrued interest and principal
amount of $254,533 in exchange for 3,181,662 of the Company’s Class “A” restricted common stock. This director
also agreed to return for cancellation 1,000,000 outstanding unexercised common stock options awarded to him at an exercise price
of $0.06 per share. In addition, a related party to this director agreed on this same date to receive 750,000 of the Company’s
restricted Class “A” common shares in exchange for a $60,000 promissory note obligation due to this person.



On
March 17, 2005, a former Company officer and director, Matthew W. Fossen, agreed to return for cancellation 5,000,000 issued and
outstanding common stock options exercisable at $0.06 per share and 1,000,000 issued and outstanding common stock options exercisable
at $0.25 per share. In addition, for a consideration of $5,414, Matthew W. Fossen also agreed to forgive $441,960 of deferred
compensation obligations owed to him by the Company. On March 21, 2005, the Company agreed to acquire an investment in a private
company controlled by this former Company officer and director. The Company tendered $20,000 cash and issued 1,500,000 of the
Company’s restricted Class A common shares valued at $0.08 per share to purchase 140,000 common shares, or $1.00 per share,
of this company. The Company also agreed to accept 28,190 shares of this same company in full payment of Matthew W. Fossen’s
promissory notes and interest due to the Company in the total amount of $28,190.

9









On
March 17, 2005 the Company received from G. David Henry, a Company director, $1,058,000 in value for the exercise of options for
15,555,556 Class “A” common shares at a weighted average exercise price of approximately $0.058 per share and for
the purchase of 2,500,000 additional Class “A” common shares at $0.0632 per share. The $1,058,000 of value was comprised
of the retirement of $808,000 of principal and accrued interest in promissory note obligations due to him by the Company and $250,000
cash.



On
January 18, 2007 it was reported that the Company had agreed to acquire from American Select Insurance Management Corporation
all existing and future revenues of American Select. The Company also agreed to acquire all stock of NIA Corporation. These acquisitions
were not consummated.



By
the end of 2008, the company and its subsidiaries had essentially ceased doing business operations.



The
Company fell into default in 2007 for failing to file and pay annual fees to the State of Utah. Joseph Arcaro was appointed custodian
of the Company on May 10, 2009. The Utah Tax Commission provided the Company a Letter of Good Standing on February 11, 2009. In
2009, the custodian reestablished the Company in good standing, but did not resume Company or Subsidiary operations.



2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The
accompanying consolidated financial statements have been prepared by management in accordance with generally accepted accounting
principles. These consolidated financial statements have been prepared within the framework of the significant accounting policies
summarized below:

Principles
of Consolidation

The
consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany
accounts and transactions have been eliminated in consolidation.



Use
of estimates

The
preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates
and assumptions, particularly with respect to the valuation of mineral properties and deferred costs, that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated financial
statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those
estimates.

Cash
and cash equivalents

Cash
and cash equivalents consist of commercial accounts, trust accounts and interest-bearing bank deposits with remaining maturities
of 90 days or less at the time of purchase.

Property
and Equipment

Property
and equipment are stated at cost. Equipment under capital lease is stated at the present value of minimum lease payments at the
inception of the lease. The Company provides for the depreciation of its office furniture and equipment using the straight line
method over the estimated useful life of the depreciable assets ranging from five to seven years. Computer equipment held under
capital lease is amortized straight line over the shorter of the lease term or the estimated useful life of the asset ranging
from three to five years. Amortization of assets held under capital leases is included with depreciation expense. Maintenance
and repairs are expensed as incurred. Replacements and betterments are capitalized.



10







Impairment
of Long-Lived Assets



Effective
January 1, 2002, the Company adopted the provisions of SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived
Assets” (“SFAS 144”), which supersedes SFAS No. 121, “Accounting for the Impairment of Long-Lived Assets
and for Long-Lived Assets to Be Disposed Of,” (“SFAS 121”) and accounting and reporting provisions of Accounting
Principles Bulletin Opinion 30, “Reporting the Results of Operations,” for a disposal of a segment. SFAS 133 develops
one accounting model based on the framework established in SFAS 121 for long-lived assets to be disposed of and significantly
changes the criteria that would have to be met to classify an asset as held for sale. SFAS 133 also required expected future operating
losses from discontinued operations to be displayed in the period(s) in which the losses are incurred, rather than as of the measurement
date.



The
Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount
of an asset may not be recoverable. Conditions that would necessitate an impairment assessment include material adverse changes
in operations, significant adverse differences in actual results in comparison with initial valuation forecasts prepared at the
time of acquisition, a decision to abandon acquired products, services or technologies, or other significant adverse changes that
would indicate the carrying amount of the recorded asset might not be recoverable. Recoverability of assets held and used is measured
by a comparison of the carrying amount of an asset to undiscounted pre-tax future net cash flows expected to be generated by that
asset. An impairment loss is recognized for the amount by which the carrying amount of the assets exceeds the fair value of the
assets. Long-Lived assets held for sale are reported at the lower of cost or fair value less costs to sell.



Allowance
for Loan Losses



Specific
valuation allowances are provided for loans receivable when it becomes probable that all of the principal and interest payments
will not be received as scheduled in the loan agreement (excluding insignificant delays or payment shortfalls). In addition to
specific allowances, a general allowance may be provided for future losses based on an evaluation of the loan portfolio and prevailing
market conditions. Additions to the allowance are expensed as recognized.



Interest
Income on Notes Receivable



The
Company recognizes interest income on a monthly basis in accordance with the stated interest rate contained in the note agreements.



Revenue
Recognition



Rental
revenue through the divesture date was reported as income over the lease term as it becomes receivable according to the provisions
of the lease. However, if the rentals vary from the straight-line basis, the income is recognized on a straight-line basis unless
another systematic and rational basis is more representative of the time pattern in which the use benefit from the leased property
is diminished, in which case that basis is used.



Loss
per share



Basic
and diluted loss per share is calculated using the weighted average number of common shares outstanding during the period.



11







Software
Development



Software
development costs have been capitalized in accordance with Statement of Financial Accounting Standards No. 86, “Accounting
for the Costs of Computer Software to be Sold, Leased or Otherwise Marketed” (“SFAS 86”). In accordance with
SFAS 86, capitalization of software development costs begins upon the establishment of technological feasibility and ends when
a product is available for general release to customers. Under SFAS 86, the Company must evaluate the unamortized cost of the
computer software product at each balance sheet date to determine if the net realizable value is less than the unamortized cost,
in which case an impairment loss must be recorded. Since there have been no sales of the software to date, and the Company currently
has no sales commitments, management determined during 2002 that the net realizable value of this software is $50,000. Accordingly,
the Company recognized an impairment loss for the carrying value of this asset during 2002 of approximately $363,000. During 2004,
management determined that the net realizable value of this software was zero. Accordingly, the Company recognized an impairment
loss for the carrying value of this asset during 2004 of $50,000.



Investment
in Affiliates Accounted for Under the Equity Method



Investments
in significant 20 to 50 percent owned affiliates are accounted for by the equity method of accounting, whereby the investment
is carried at original cost, plus or minus The Company’s equity in undistributed earnings or losses since acquisition.



Foreign
Currency Translation



Fei
Yun’s operations are conducted in the People’s Republic of China. Fei Yun’s local currency is the functional
currency (primary currency in which business is conducted). As Fei Yun’s functional currency was stable in relation to the
U. S. dollar for the period since the acquisition through January 31, 2003, there is no adjustment resulting from translating
the foreign functional currency assets.



Stock-based
compensation plan



In
December 2002, the FASB issued SFAS No. 148, “Accounting for Stock-Based Compensation-Transaction and Disclosure”
(“SFAS 148”). SFAS 148 amends FASB Statement No. 123, “Accounting for Stock-Based Compensation” (“SFAS
123”), to provide alternative methods of transition to SFAS 123’s fair value method of accounting for stock-based
employee compensation.



SFAS
148 also amends the disclosure provisions of SFAS 123 and APB Opinion No. 28, “Interim Financial Reporting,” to require
disclosure in the summary of significant accounting policies of the effects of an entity’s accounting policy with respect
to stock-based employee compensation on reported net income and earnings per share in annual and interim financial statements.
While SFAS 148 does not amend SFAS 123 to require companies to account for employee stock options using the fair value method,
the disclosure provisions of SFAS 148 are applicable to all companies with stock-based employee compensation, regardless of whether
they account for that compensation using the fair value method of SFAS 123 or the intrinsic value method of APB Opinion No. 25,
“Accounting for Stock Issued to Employees” (“APB 25”). Under APB, if the exercise price of an employee’s
stock option equals or exceeds the market price of the underlying stock on the date of grant, no compensation expense is recognized.
As permitted by SFAS 123, the Company has elected to continue to utilize the accounting method prescribed by APB 25 and has adopted
the disclosure requirements of SFAS 123 and SFAS 148 as of December 31, 2004 and 2003.



12







Stock-based
employee compensation expense is recognized as options vest.



The
Company accounts for equity instruments issued to non-employees in accordance with the provisions of SFAS No. 123 as amended by
SFAS No. 148 and Emerging Issue Task Force (“EITF”) Issue No. 96-18, “Accounting for Equity Instruments That
Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods or Services.” All Transactions in
which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair
value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
The measurement date of the fair value of the equity instrument issued is the earlier of the date on which the counterparty’s
performance i9s complete or the date on which the counterparty’s performance is complete or the date on which it is probable
that performance will occur.



Financial
Instruments



Financial
assets and financial liabilities held-for-trading are measured at fair value with changes in those fair values recognized in net
income. Financial assets and financial liabilities considered held-to-maturity, loans and receivables, and other financial liabilities
are measured at amortized cost using the effective interest method of amortization. Available-for-sale financial assets are measured
at fair value with unrealized gains and losses recognized in other income. Investments in equity instruments classified as available-for-sale
that do not have a quoted market price in an active market are measured at cost.



The
Company has made the following classifications:



- Measured
at fair value. Gains and losses resulting from change in fair values are recorded in net income.



- Accounts
receivable and royalty tax recoverable are classified as “loans and receivables” and are recorded at amortized cost,
which upon their initial measurement is equal to their fair value. Subsequent measurements are recorded at amortized cost using
the effective interest rate method.



- Accounts
payable is classified as “other financial liabilities” and is initially measured at their fair value. Subsequent measurements
are recorded at amortized cost using the effective interest rate method.



13





| | ITEM
                          2. | MANAGEMENT’S
                                         DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
| | --------------------------------- | --------------------------------------------------------------------------------------------------------

RESULTS
OF OPERATIONS



The
following discussion and analysis of our financial condition and results of operations should be read in conjunction with the
condensed consolidated financial statements and supplementary data referred to in this Form 10-Q.



This
discussion contains forward-looking statements that involve risks and uncertainties. Such statements, which include statements
concerning revenue sources and concentration, selling, general and administrative expenses and capital resources, are subject
to risks and uncertainties, including, but not limited to, those discussed elsewhere in this Form 10-Q that could cause actual
results to differ materially from those projected. Unless otherwise expressly indicated, the information set forth in this Form
10-Q is as of June 30, 2009, and we undertake no duty to update this information.



COMPARISON
OF THE THREE MONTHS ENDED JUNE 30, 2009 AND 2008



Lack
of Revenues



We
have limited operational history. For the three months ended June 30, 2009 and 2008 we did not generate any revenues. We anticipate
that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months
continues to be uncertain.



Operating
Expenses



The
Company’s operating expenses for the three months ended June 30, 2009 and 2008 were $0 and $0 respectively.



Net
Loss



During
the three months ended June 30, 2009 and 2008 the Company recognized net losses of $0 and $0.

COMPARISON
OF THE SIX MONTHS ENDED JUNE 30, 2009 AND 2008

Lack
of Revenues

We
have limited operational history. For the six months ended June 30, 2009 and 2008 we did not generate any revenues. We anticipate
that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months
continues to be uncertain.

Operating
Expenses

The
Company’s operating expenses for the six months ended June 30, 2009 and 2008 were $0 and $0 respectively.

Net
Loss

During
the six months ended June 30, 2009 and 2008 the Company recognized net losses of $0 and $0.



Liquidity
and Capital Resources



Our
capital resources have been acquired through the sale of shares of our common stock and loans from shareholders.



At
June 30, 2009 and December 31, 2008, we had total assets of $0 and $6,000 respectively.



At
June 30, 2009 and December 31, 2008, our total liabilities were $3,797,000 and $3,733,000 respectively consisting primarily of
accounts payable and debts.

Off-Balance Sheet Arrangements

We do not have any off balance sheet arrangements.

| | ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
| | ------- | ----------------------------------------------------------



Not applicable.



14







| | ITEM 4. | CONTROLS AND PROCEDURES
| | ------- | -----------------------



EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES



As required by Rule 13a-15/15d-15 under the Securities and Exchange
Act of 1934,as amended (the "Exchange Act"), as of June 30, 2009, we have carried out an evaluation of the effectiveness
of the design and operation of our Company's disclosure controls and procedures. This evaluation was carried out under the supervision
and with the participation of our Company's management, our President (Principal Executive Officer) and Treasurer (Principal Accounting
Officer). Based upon the results of that evaluation, our management has concluded that, as of June 30, 2009, our Company's disclosure
controls and procedures were not effective and do not provide reasonable assurance that material information related to our Company
required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to management
to allow timely decisions on required disclosure.



MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING



Management is responsible for establishing and maintaining adequate
internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control
system is designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial
reporting and the preparation of financial statements for external reporting purposes in accordance with generally accepted accounting
principles. Our internal control over financial reporting includes those policies and procedures that:



| | · | Pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of the Company;
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Provide reasonable assurance that transactions are recorded as necessary
to permit preparation of financial statements in accordance with generally accepted accounting principles in the United States
of America, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management
and directors of the Company; and
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Provide reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of the Company's assets that could have a material effect on the financial statements.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Management assessed the effectiveness of our internal control over
financial reporting as of June 30, 2009. In making this assessment, we used the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO) in INTERNAL CONTROL -- INTEGRATED FRAMEWORK.



Our management concluded that, as of June 30, 2009, our internal
control over financial reporting was effective based on the criteria in INTERNAL CONTROL -- INTEGRATED FRAMEWORK issued by the
COSO.



This quarterly report does not include an attestation report of
the Company's independent registered public accounting firm regarding internal control over financial reporting. Management's report
was not subject to attestation by the Company's independent registered public accounting firm pursuant to rules of the SEC that
permit the Company to provide only management's report in this annual report.



CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING



There were no changes in our internal control over financial reporting
identified in connection with the evaluation described above during the second quarter ended June 30, 2009 that has materially
affected or is reasonably likely to materially affect our internal controls over financial reporting.







15







PART
II - OTHER INFORMATION



| | ITEM
                          1. | LEGAL
                                         PROCEEDINGS
| | --------------------------------- | ----------------------------------------------------------



None.



| | ITEM
                          1A. | RISK
                                         FACTORS
| | ---------------------------------- | -----------------------------------------------------



Not
applicable to smaller reporting companies.



| | ITEM
                          2. | UNREGISTERED
                                         SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
| | --------------------------------- | ----------------------------------------------------------------------------------------------------



None.



| | ITEM
                          3. | DEFAULTS
                                         UPON SENIOR SECURITIES
| | --------------------------------- | ------------------------------------------------------------------------



None.



| | ITEM
                          4. | MINE
                                         SAFETY DISCLOSURES
| | --------------------------------- | ----------------------------------------------------------------



Not
applicable



| | ITEM
                          5. | OTHER
                                         INFORMATION
| | --------------------------------- | ----------------------------------------------------------



None.

| | ITEM
                                         6. | EXHIBITS
| | ------------------------------------------------ | --------



The
following exhibits are included as part of this report:



|Exhibit
    31.1 | - | Certification
    of President of Arizona Gold and Onyx Mining Company F/K/A Viking Capital Group, Inc. required by Rule 13a-14(1) or Rule 15d-14(a)
    of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                  
|---------------- | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit
    31.2 | - | Certification
    of Chief Financial Officer of Arizona Gold and Onyx Mining Company F/K/A Viking Capital Group, Inc. required by Rule 13a-14(1)
    or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of
    2002.                                                
|Exhibit
    32.1 | - | Certification
    of President of Arizona Gold and Onyx Mining Company F/K/A Viking Capital Group, Inc. pursuant to Section 906 of the Sarbanes-Oxley
    Act of 2002 and Section 1350 of 18 U.S.C. 63.                                                                                                                                 
|Exhibit
    32.2 | - | Certification
                                         of Chief Financial Officer of Arizona Gold and Onyx Mining Company F/K/A Viking Capital
                                         Group, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350
                                         of 18 U.S.C. 63.





16







SIGNATURES



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



Dated:
May
8, 2018



| | ARIZONA
                                         GOLD AND ONYX MINING COMPANY f/k/a VIKING CAPITAL GROUP, INC.
| | --------------------------------------------------------------------------------------------------------------
| |                                                                                                               
| | By:                                                                                                           
| |                                                                                                               
| |                                                                                                               
| |                                                                                                               
| |                                                                                                               
| | By:                                                                                                           
| |                                                                                                               
| |                                                                                                               
| |                                                                                                               



DISCLAIMER
The management signing the above financial statements were not employed by the Company nor Board members for the financial periods
listed above. The current Board of Directors in the best interests of the Shareholders chooses to file the necessary reporting
obligations as a Voluntary Reporting Company. These financial reports are prior to the filing of the FORM 15 dated 04-23-2010
with the SEC. The information is to the best of managements knowledge and efforts at the time of the filing.



17