SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K/A

(x)ANNAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2018
Commission File No. 001-10156

ORIGINAL SIXTEEN TO ONE MINE, INC.
(Exact name of registrant as specified in its charter) 

                   CALIFORNIA                            94-0735390
      (State or other jurisdiction of     (I.R.S. Employer Identification No.)
        incorporation or organization)
Post Office Box 909, Alleghany, CA 95910
(Address of principal executive offices)

(530) 287-3223
(Registrant's telephone number)

(including area code)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [] No [x]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the act. Yes [] No [x]

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. Yes [] No [x]

Indicate by check mark whether the registrant has submitted electronically 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[x]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in defintive proxy or information statements incorporated by reference in Part III of this Form 10-K.

Yes[x] No[]

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

Large accelerated filer [ ] Accelerated filer [ ]

Non-accelerated filer [ ] Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in rule 12b-d of the act). Yes [] No[x]

As of December 31, 2018, 14,342,097 shares of Common Stock, par value $.033 per share, were issued and outstanding.

PART I

GENERAL NOTE

In accordance with directive from the Securities and Exchange Commission (SEC) and Industry Guide 7, reference for all intent and purposes to the Company's employees as miners, its properties as mines or its operation as mining does not diminish the fact that the Company has no proven reserves and is in the "exploration state" as defined in Guide 7(a)(4)(iii); however, the Company continues to produce gold over its 107 years of operating its mines in the Alleghany Mining district. Proceeds from the annual production for 2015 and 2016 realized profitable years. Gold production in 2017 and 2018 was minimal as management directed the crew to begin a tough but significant project December 2016: reestablish the 49 WINZE for mining. Work continued through 2018, as planned. The 49 WINZE, access to the deep levels of the Sixteen was abandoned in 2005. The winze is a vital component for resuming gold production on established gold headings.

In addition, safe travel was secured and approve by the federal regulatory agency known as MSHA in the winze, the 1000 foot level and the 1700 foot level. Another primary goal included lowering the water. As of December 31, 2018, the water is 190 feet below the 1700 level.

During 2018, very little time was spent detecting for and mining gold. With two prior profitable years, management had the luxury to place rehabilitation/maintenance ahead of mining for gold. Operating capital came for inventory sales to preexisting markets.

in addition to significant underground improvements, relations with federal and California regulators improved significantly during 2018. Contested citations were vacated and proposed penalties were reduced by 63%. California is known for its active environmental perspectives and advocates. Its reputation is global. Significant progress continues towards achieving lawful interpretation of the Porter Cologne Act, the basis of water administration.

Subsequent Events

Management described its operational goals for 2017 and 2018 in Part I, GENERAL NOTES of this document with details in The Company's Annual Reports for 2017 and 2016. The prior two profitable years provided secured inventory to operate without the need of mining gold. By December of 2018, a conservative decision was made to place the winze, level and pumping heading on hold. The crew would resume mining for gold January 2019.

For travel time and underground efficiency the crew works a four day-ten hour week. During the first quarter 2019, twenty nine high-grade sacks were sacked, sealed and inventoried. Gold production is 105 ounces for the first quarter of 2019. One fifteen ounce specimen sold for $48,190. Gold without jewelry or specimen value is crushed, melted and sent to a refinery in Southern California.
It is sold into the national gold market at the prevailing spot price.

ITEM 1: BUSINESS

Description of Business

Original Sixteen to One Mine, Inc. (the Company) was incorporated in 1911 in California. It mines gold on properties it owns under fee simple grant deeds. The Alleghany Mining District is about 65 miles northeast of the intersection of I-80 and California State Route 49.

Sixteen to One mine from which more than 1,113,165 troy ounces of gold have been retrieved is the primary operation. It is a traditional hard rock underground mine where miners create horizontal levels at various elevations and raise into favorable areas. Geology of the mineral deposit is well documented. Gold is not distributed evenly within the quartz veins; however, concentrations of gold deposits are found scattered within these quartz veins, in recongized ore shoots. Because the gold appears intermittently, the Company has never declared reserves according to contemporary industry standards.

Operations are characterized by significant amounts of preparation, tunneling, underground maintenance and upgrading. The Company from time to time focuses substantially all of its resources on infrastructure development or maintenance. During these periods little gold is mined. At other times, miners are primarily exploring for gold. Accordingly, business is subjected to very different cycles: one dependent on whether the Company is directing its resources towards infrastructure or underground development and the other is gold production. The operation resembles the classical "boom or bust" cycles regardless of outside influences.

Metal detection technology enables exploration to detect gold from zero to 48 inches from quartz faces in the wall rock. (The size of the concentration is a factor).

Advancement in off the shelf metal detection technology has steadily progressed over the past twenty years. Greater sensitivity in metal detectors has historically increased gold production throughout the mine. It is impossible to predict when new devices will be developed. Twenty-first century detection skills have yet to find the Sixteen to One.

For accounting purposes gold revenues are accrued when the metal is recovered. For tax purposes revenues are not recognized until the gold is sold. Rare highgrade gold and quartz is sold at a premium to museums, collectors and jewelry manufacturers. This market is a significant financial factor with revenue significantly greater than prevailing spot price. Demand for the Sixteen to One gold quartz gemstone is greater than the amount mined.

The Company lacks sufficient funds to implement its long-term construction projects: sinking a new shaft in the center of the property is a long-standing objective. Other Company projects are: joining a public stock exchange, building and testing a gold detector specifically designed for the Sixteen to One vein and dewatering the entire mine.

Supplies and equipment used for underground exploration are commonly available. Labor requirements are available, but are a concern throughout the mining industry.

No particular seasonality exists for the marketing of gold. Adverse effects of winter storms sometimes limit the ability of the crew to access the mine. Management believes it is in substantial compliance with all applicable federal, state and local laws and regulations relating to the environment. The Company does not presently anticipate any material capital expenditures for environmental control facilities, either for the remainder of its current fiscal year or for the succeeding fiscal year.

The Company's executive office is located at 527 Miners Street, Alleghany, California 95910. It maintains a website: origsix.com.

ITEM 1A RISK FACTORS

(a) Price of Gold

The daily spot price of gold has a modest effect on gross revenue if it's between $1,000 and $1,300 an ounce. A significant drop below $1,000 may have an adverse effect on the Company's operation. The Company's realized gold values usually exceed the bullion price due to the jewelry and specimen markets which are not affected by the spot price of gold.

(b) Lack of Proven Reserves

Because proven reserves are not utilized as a component for evaluating future earnings or ore values, a sense of uncertainty of existence is perceived by some. Caution is recommended in using the doctrines of reserves as an economic tool for valuing the Sixteen to One mine. While (i) the Company has recovered over one million ounces of gold and (ii) management knows that substantial additional virgin veins exists in the Sixteen to One mine, the Company has no ability to measure potential gold production using the mathematical tools generally recognized in the mining industry; however, the company can prove that approximately seventy percent (70%) of its vein systems have not been developed.

(c) Governmental Regulation

The attached financial statements have not been audited by a Securities Exchange Commission (SEC) accounting firm. Therefore, the Company is not in full compliance with this SEC regulation for companies listed on an exchange.

Mining is generally subjected to regulation. State and federal statutes regulate environmental quality, safety, exploration procedures, reclamation, employees health and safety, use of explosives, air quality standards, pollution of stream and fresh water sources, noxious odors, noise, dust, and other environmental protection controls as well as the rights of adjoining property owners. Laws may change preventing or delaying the commencement or continuance of given operations.

The Company is substantially in compliance with all known safety and environmental standards and regulations, however; it faces reoccuring unreasonable and unlawful demands from the Central Valley Regional Water Quality Control Board (CVRWCB) or its staff. The Company is forced to expend working capital and time defending this excessive and punitive behavior. There can be no assurance that future changes in the laws, regulations or reckless interpretations thereof will not have a material adverse effect; however during 2018, CVRWCB stff was invited and accepted invitations to visit the mine property. A definitive plan is under mutual development to re-write the mine's discharge permit during 2019.

(d) Liquidity

Gold inventory at December 31, 2018, was $429,329 primarily as specimens or gold held as jewelry. While history of actual cash sales supports an inventory value exceeding the spot price, no such increases are used to compute the inventory. All inventory of raw material is recorded at spot price per troy ounce. In addition, contract manufacturing costs of jewelry are included in the finished jewelry inventory. Periodic shortfalls in liquidity occur which are not likely to be bridged by institutional debt financing. Management addresses these issues as they arise.

(e) Price of Stock

Bids and offers are publicly recorded on the stock page of the Company's web site. Exposure is limited. The price of stock may not accurately reflect its fair market value because of the limited marketplace and the existence of a wild and free Gray Market. The company maintains no program to support or promote its stock and is unlikely to conduct a program until a public marketplace is secured.

There are conflicting bids, offers and trades between the Company's website and the unregulated Pink Sheet Gray Market, ticker symbol OSTO. Because of these discrepancies the market price is unpredictable.

ITEM 2: PROPERTIES

Properties

The Sixteen to One Mine was incorporated into Original Sixteen to One Mine, Inc. in 1911. Properties acquired prior to 1925 are carried on the Company's books at their original purchase price and are fully amortized through depletion.

In 1999, the Company acquired the Plumbago mine in the Alleghany Mining District, which is located approximately two miles southeast of the Sixteen to One mine. The property includes a twenty-acre patented claim, mineral rights to eight patented claims and sixteen unpatented claims. The property has a history of rich gold production. The Company will pursue the potential within this property when funding becomes available for exploration and development.

On June 22, 2005, the Company acquired the mineral rights to fourteen claims, the patent rights to one claim and the mill of the Gold Crown mine, adjacent to the Sixteen to One Mine. The Board of Directors decided that it is a long-term investment and important to the long-term welfare of the Company. No depletion has been applied to the Gold Crown or Plumbago properties.

The Alleghany properties consist of 26 patented claims (470 acres), 160 acres of mineral rights on patented claims and approximately 320 acres of unpatented claims. The following table sets forth further information with respect to the Company's mining claims.

PATENTED MINING CLAIMS OWNED 100% BY THE COMPANY 

     NAME OF CLAIM                 NAME OF CLAIM

     Belmont                       Rainbow Fraction
     Number Three                  Twenty-One
     Eclipse Quartz                Eclipse Extension
     Tightner Extension            Contract
     Alene                         Valentine
     Red Star                      Bartlett
     Farnham Gold Quartz Mine      Belmont #2
     Contract Extension            Hanley Quartz Mine
     Noble                         Sixteen to One
     Groves Gold Quartz Mine       Denver
     Happy Jack Extension          Ophir
     Rainbow Extension             Happy Jack
     Marion Lode                   Sphoon

MINERAL RIGHTS - PATENTED CLAIMS

     NAME OF CLAIM               NAME OF CLAIM

     Standard Lode               Standard Lode Extension
     Gold Beater Lode            Clute Lode
     Hope Extension Lode         Crafts Lode
     Plumbago Mine Mill Site     Enterprise Quartz


UNPATENTED CLAIMS

     NAME OF CLAIM               NAME OF CLAIM

      Alice                     Alice Annex
      General Sherman N. Ext.   Jumbo
      No Better                 No Better Ext.
      Right Place               Wonder #1
      Wonder #2                 Wonder Goldmines MS
      Tightner #2 Lode          Tightner #3 Lode
      Tightner #4 Lode          Tightner #5 Lode
      Tightner #6 Lode          Alene Ext. Quartz
      Bartlett Ext. Quartz      Illocano Quartz
      East Bartlett Lode        Bal Quartz

ITEM 3: LEGAL PROCEEDINGS

In December 2018, Roger Haas, a shareholder, filed a petition in Sierra County Superior Court for access to the Company's shareholder list. It is a right in California and includes exceptions for denial. With the consent of attorneys the Company objected to his request. In February, the court ordered the Company to provide Haas the list, thereby negating further action.

ITEM 4 MINE SAFETY DISCLOSURES

For the twelve-month period ended December 31, 2018 a total of 24 citations were issued with a total assessed value of $6,741.

The 24 citations included eight 104(a) S&S citations and no 104(b) orders. All eight S&S citations were downgraded to non- S&S and two were vacated via the informal hearing process in early 2019.

PART II

ITEM 5: MARKET FOR THE REGISTRANT'S COMMON EQUITY
AND RELATED STOCKHOLDER MATTERS

Market Information

Currently there is no public marketplace for the Company's common stock. Data from 2013 through 2017 is based upon activity on the X-Mart posted on the Company's web-site.

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter High Low High Low High Low High Low

2018 NO TRADES ON XMART FOR 2018 
2017   $ .52   $ .52  $   *    $  *   $  .49 $  .49   $  .49   $  .49
2016      *       *       *       *       *      *       .52      .52
2015      *       *      .44     .44    .56     .56        *       *
2014      *       *      .46     .54      *      *       .42      .42
2013     .89     .89     .86     .65      *      *         *       *
2012     .49     .49     .49     .49      *      *         *       *
2011      *       *      .55     .55      *      *         *       *
2010      *       *      .89     .45      *      *        .55     .50
2009     .60     .45      *       *       .40    .40      .45     .60

* No trades took place on the Company website in these quarters.

ITEM 6: SELECTED FINANCIAL DATA 

Year            2018           2017         2016          2015          2014
                ----          ----          ----          ----          ----
Sales         204,570        287,212    1,452,169    1,037,972        230,899
Income(loss) (359,736)      (429,965)     610,160       76,443       (495,063)
Income(loss)
per share     (.025)         (.03)         .04           .01           (.04)

Total Assets   862,814      1,127,813    1,537,443    1,757,262        752,221
Total Debt   2,152,912      2,062,927    2,042,593    3,060,443      2,131,844
SH Equity   (1,290,098)     (935,114)    (505,150)  (1,303,181)   (1,379,623)

ITEM 7: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

Balance Sheet

Original Sixteen to One Mine, Inc. is a distinct company in that it is the only operating company of its kind remaining in the United States. Management knows the assets of the Company are understated due to the age of acquisition.
Exploration and development expenses are not capitalized.
The Company celebrated its 100 year anniversary on Oct. 9, 2011. It is the oldest gold mining corporation in the United States. Gold inventory is recorded at spot price despite proven additional value for specimen and gem-stone material which is substantially greater than spot price. Jewelry inventory is recorded at labor plus gold cost.

No value is recorded on the balance sheet for timber. The company owns 470 acres of prime forested timberland. No value is recorded on the balance sheet for the Company owned water-rights. Reduced value is recorded on the balance sheet for buildings, equipment and land. No value is recorded on the balance sheet for marketable aggregate and decorative stone currently stockpiled. No value is recorded on the balance sheet for goodwill. Fixed assets are recorded at historic cost less depreciation.

(A) Comparisons of 2018 with 2017.

Balance Sheet Comparisons

Assets:

For the one-year period ended December 31, 2018, compared to the one-year period ended December 31, 2017, cash decreased by $3,690 (53%) due to cash flow variations. Accounts recievable decreased by $12,742 (16%) as a customer paid off their account.

For the one-year period ended December 31, 2018, compared to the one-year period ended December 31, 2017 inventory decreased by $222,899 (34%) due to changes in mining objectives in 2018 and sales of inventory to fund operations.

For the one-year period ended December 31, 2018, compared to the one-year period ended December 31, 2017 equipment decreased by $291,155 as the result of write-offs of fully depreciated equipment. This is offset by corresponding decrease in accumulated depreciation with a net change of $596 as reflected on the statement of cash flows.

Liabilities:

For the one-year period ended December 31, 2018, compared to the one-year period ended December 31, 2017 accounts payable increased by $77,533 as the company relied on credit to finance the operation.

For the one-year period ended December 31, 2018, compared to the one-year period ended December 31, 2017 notes due related parties increased by $28,590 (14%) due to a combination of additional loans and interest expense.

For the one-year period ended December 31, 2018, compared to the one-year period ended December 31, 2017 long-term notes decreased by $17,420 (14%) as a result of scheduled payments with no new loans taken out.

Statement of Operations

Income:

For the one-year period ended December 31, 2018 compared to the one-year period ended December 31, 2017, revenue decreased by $82,642 (29%) primarily due to decreased gold sales in 2018.

Operating Expenses:

For the one-year period ended December 31, 2018, compared to the one-year period ended December 31, 2017, operating expenses decreased overall by $150,515 (22%) due to reduced operations in 2018.

Other Income and Expense:

For the one-year period ended December 31, 2018, compared to the one-year period ended December 31, 2017 other income decreased by $1,266 (22%) due to less rent collected on a company house.

For the one-year period ended December 31, 2018, compared to the one-year period ended December 31, 2017 other expenses increased by $4,710 (17%) primarily due to a reconciliation of the stock account that was needed due to a discrepancy accumulated by years of rounding. (par value $0.033)

For the one-year period ended December 31, 2018, compared to the one-year period ended December 31, 2017, interest expense did not change significanlty.

The company showed a loss of $359,736 in 2018 compared to a loss of $429,965 in 2017. The $70,229 (16%) difference is primarily due to lower operating costs in 2018 as the result of reduced operations compared to 2017. The basic and diluted loss per share was .025 in 2018 compared to .03 in 2017. The number of shares used for the 2018 calculation was 14,342,097 and the number of shares for the 2017 calculation was 14,338,855.

(A) Comparisons of 2017 with 2016.

Balance Sheet Comparisons

Assets:

For the one-year period ended December 31, 2017, compared to the one-year period ended December 31, 2016, Accounts Receivable decreased by $25,500 (24%) primarily due to customer payments in 2017.

For the one-year period ended December 31, 2017, compared to the one-year period ended December 31, 2016 inventory decreased by $357,985 (35%) due to maintenance work only in 2017 (no gold production) combined with sales of inventory to fund the operation.

Liabilities:

For the one-year period ended December 31, 2017, compared to the one-year period ended December 31, 2016 notes payable related parties increased by $25,350 (14%) mainly due to the return of some gold-quartz material that had been applied against the shareholders loan in 2016. (See note 4 at the end of these financial statements)

For the one-year period ended December 31, 2017, compared to the one-year period ended December 31, 2016 long-term notes decreased by $16,706 (12%) as a result of scheduled payments with no new loans taken out.

Statement of Operations

Income:

For the one-year period ended December 31, 2017 compared to the one-year period ended December 31, 2016, revenue decreased by $1,164,956 (86%) primarily due to changes in mining objectives in 2017 compared to 2016 which had production.

Operating Expenses:

For the one-year period ended December 31, 2017, compared to the one-year period ended December 31, 2016, operating expenses decreased overall by $119,196 (15%) due to decreased activity and a smaller crew in 2017.

Other Income and Expense:

For the one-year period ended December 31, 2017, compared to the one-year period ended December 31, 2016 other income increased by $1,311 (29%) and other expenses did not change significantly.

For the one-year period ended December 31, 2017, compared to the one-year period ended December 31, 2016, interest expense decreased by $12,285 (31%) due to lower loan balances in most of 2017.

The company showed a loss of $429,965 in 2017 compared to a profit of $610,160 in 2016. The $1,040,125 (170%) difference was due to changes in mining objectives in 2017 (no gold production) compared to 2016 which did have gold production. The basic and diluted loss per share was .03 in 2017 compared to a gain of .04 in 2016. The number of shares used for both calculations was 14,338,855.

Operating Expenses:

For the one-year period ended December 31, 2016, compared to the one-year period ended December 31, 2015, operating expenses decreased overall by $105,938 (12%). Most categories increased due to increased activity, but this was offset by a decrease in Mine Maintenance and Compliance of $177,101 (74%) in 2016 compared to 2015.

Other Income and Expense:

For the one-year period ended December 31, 2016, compared to the one-year period ended December 31, 2015 other expenses and income did not change significantly.

For the one-year period ended December 31, 2016, compared to the one-year period ended December 31, 2015, interest expense decreased by $20,560 (34%) due to the pay-down of loans in 2016.

The company showed a profit of $610,160 in 2016 compared to a profit of $76,443 in 2015. The $533,717 (691%) difference was due to increased production in 2016. The basic and diluted gain per share was .04 in 2016 compared to .006 in 2015. The number of shares used for the 2016 calculation was 14,338,855 and for 2015 the number of shares outsanding was 13,399,505.

ITEM 7A: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

rom time to time Original Sixteen to One Mine, Inc. (the Company), makes written and oral forward-looking statements about matters that involve risks and uncertainties that could cause actual results to differ materially from projected results. Important factors that could cause actual results to differ materially include, among others:

- Fluctuations in the market prices of gold
- General domestic and international economic, political and governmental conditions
- Unexpected geological conditions or rock stability conditions resulting in cave-ins, flooding, rock-bursts or rock slides
- The speculative nature of mineral exploration
- Environmental risks
- Changes in laws and government regulations, including those relating to taxes and the environment
- Fluctuations in interest rates and other adverse financial market conditions
- Labor relations
- Accidents
- Unusual weather or operating conditions
- Force majeure events
- Other risk factors described from time to time in Original Sixteen to One Mine, Inc., filings with the Securities and Exchange Commission

These factors are beyond the Company's ability to control or predict. Investors are cautioned not to place undue reliance on forward-looking statements. The Company will to update its forward-looking statements, whether as a result of receiving new information, the occurrence of future events or otherwise if significant.

ITEM 8: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The unaudited financial statements of the Company are attached at the end of this document.

ITEM 9: CONTROLS AND PROCEDURES

Security procedures include multiple levels of gold custody, from the mine to sales. Inventory control procedures were set up by an SEC certified auditing firm and continue to be followed.

PART III

ITEM 10: DIRECTORS AND EXECUTIVE OFFICERS OF REGISTRANT

Officers and Directors

The following table sets forth the Officers and Directors of the Company. The directors listed below will serve until the next annual shareholders meeting to be held on August 31, 2019. All of the officers of the Company serve at the pleasure of the Board of Directors. 

Name                Age  Position      Officer Since    Director Since

Michael M. Miller    76  President
                          & Director       1983              1977

Hugh Daniel O'Neill   76  Secretary
                          & Director       2016             2002


Robert Beso           67  Treasurer
                         & Director        2016             2016

Michael M. Miller-Director, President and CEO

As President and Chief Executive Officer, Mr. Miller is responsible for the day-to-day operations of the Company. In 1975, Mr. Miller became the sole proprietor of Morning Glory Gold Mines. Prior to that, he was self-employed in Santa Barbara County, California from 1965 to 1974. Mr. Miller served as a trustee and President of the Sierra County Board of Education (1979 to 1983 trustee) (President in 1983). In 1991 he was appointed a member of the Sierra County Planning Commission (Chairman in 1992, 1993, 1999 and 2000) until 2001. Mr. Miller is licensed as a California Class A general engineering contractor. He was a member of the American Institute of Mining Engineers. In 1965, Mr. Miller received a B.A. from the University of California at Santa Barbara in combined Social Sciences-Economics. He was born in Sacramento, California.

Hugh Daniel O'Neill III ~ Director, Secretary

Mr. O'Neill was born April 21, 1942 at a naval base in Virginia. He was raised in seventeen states over a fourteen-year period, settling in Nevada City, California. He attended the University of San Francisco, where he created Odd Bodkins in 1961. The San Francisco Chronicle syndicated Odd Bodkins in 1963 making Mr. O'Neill the youngest cartoonist ever hired by a national syndicate. It was published in 350 newspapers. At its peak readership was 50 million daily. Dan is an historian, an accomplished journalist and a former War Correspondent.

Robert Beso ~ Director, Treasurer

Robert John Besso was born in Sacramento. Just out of high school, he drew draft # 32 but joined the US Army 101st Airborne Division where he was assigned to tanks. Once in Vietnam he was promoted to Sargent at age 19 and took POINT for nine months. In 1971 he was decorated with two bronze stars (combat infantry badges): oak leaf cluster and V for valor. He earned Soldier of the Month and was the personal body guard for Officer Coast. He declined the offer to continue his military career at West Point and almost died from malaria. He returned to California attending American River College and El Camino College.

Robert decided to cut hair which he has done for thirty-eight years. He has continued to serve our country with 25 years working with Alcoholics Anonymous, Jail and Prison inmates, Boys Ranch and Teen Substance addiction groups. He has and continues to take "point" to protect the things that he values. "Like farmers and ranchers, the miners have value. The Sixteen to One is a reality and will work to reduce the ignorance about mining."

ITEM 11: EXECUTIVE COMPENSATION 

   Name/
Principal       Annual
Position         Year   Salary    Bonus    Compensation  Securities
---------       ------  ------    -----  ------------  ----------

Michael Miller/  2018  $ 60,000       0         0             0
President & CEO  2017  $ 60,000       0         0             0
                 2016  $ 60,000       0         0             0

ITEM 12: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL

OWNERS AND MANAGEMENT

Security Ownership of Certain Beneficial Owners and Management 

Title of   Name and Address        Amount and Nature     Percent
 Class   of Beneficial Owner      of Beneficial Owner    of Class
-------  -------------------      -------------------    --------
Common   Michael M. Miller            2,123,597              15%
         Officer and Director
         P.O. Box 941
         Alleghany, CA  95910

Common   M. Blair Hull                1,962,822              14%
         Hull Trading Co.
         401 So. LaSalle, Ste. 505
         Chicago, IL  60605

Common   Kathy N. Hull                1,490,250             10%
         11 Sierra Ave.
         Piedmont, CA  94611


Common   Charles I. Brown
         Family Partnership LTD         833,668             6%
         29922 N 133rd Lane
         Peoria, AZ 81632

Common   Hugh Daniel O'Neill            143,077             1%
         Director - Secretary
         227 Prospect St.
         Nevada City, CA  95959


Common   Robert Beso                     7,500              .1%
         Director - Treasurer
         PO Box 909
         Alleghany, CA 95910


Common   All Officers & Directors     2,274,174             16%
                (as a group)

ITEM 13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

See notes to financial statements.

ITEM 14: PRINCIPLE ACCOUNTING FEES AND SERVICES

Due to monetary constraints, the Company has not hired a SEC certified CPA firm for several years. Most accounting functions are performed by the Company in-house with the exception of the depreciation schedule and tax returns which are handled by outside CPA firms.

PART IV

ITEM 15: UNAUDITED FINANCIAL STATEMENTS

In the opinion of management, the financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the Company's financial position at December 31, 2018 and December 31, 2017, the results of operations and cash flows for the twelve-month periods ended December 30, 2016, 2017 and 2018. The unaudited financial statements have been prepared in accordance with Generally Accepted Accounting Principles.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Annual Report to be signed on its behalf by the undersigned, thereunto duly authorized.

ORIGINAL SIXTEEN TO ONE MINE, INC.
Registrant 

By: /s/Michael M. Miller
Michael M. Miller
President and Director
Date May 17, 2019

Original Sixteen to One Mine, Inc.
Condensed Balance Sheet

December 31, 2018 & December 31, 2017

ASSETS 

                                                        2018        2017
Current Assets
  Cash                                             $  3,296    $    6,986
   Accounts receivable                               67,175        79,917
   Inventory (see Note 1)                           429,329       652,228
   Other current assets                                 -            -
                                                    -------       -------
    Total current assets                            499,800       739,131
                                                    -------       -------

Mining Property
   Real estate and property rights
        net of depletion of $524,145                230,401      230,401
   Mineral property                                  47,976       47,976
                                                    -------      -------
   Total Mining Property (see Note 2)               278,377      278,377
                                                    -------      -------

Fixed Assets at Cost
   Equipment                                        594,152      885,307
   Buildings                                        209,487      209,487
   Vehicles                                         168,925      171,522
                                                  ---------    ---------
  Total fixed assets at cost                        972,564    1,266,316
                                                  ---------    ---------
Less accumulated depreciation                     (909,387)  (1,177,471)
                                                -----------  -----------
   Net fixed assets                                 63,177       88,845
                                                -----------  -----------

Other Assets
   Bonds and misc. deposits                          21,460       21,460
                                                  ---------      -------

   Total Assets                                 $   862,814   $1,127,813
                                                ==========    ==========

Original sixteen to One Mine, Inc.
Condensed Balance Sheet Continued

LIABILITIES & STOCKHOLDERS' EQUITY
                                                        2018       2017
Current Liabilities
   Accounts payable & accrued expenses (see Note 3)$ 1,274,559 1,197,026
   Due to related party (see Note 4)                   229,472   200,882
   Notes payable Short-term  (see Note 6)              538,558   537,276
                                                      --------   -------
   Total Current Liabilities                         2,042,589 1,935,184
                                                      --------   -------

Long Term Liabilities
   Notes payable due after one year (see Note 7)       110,323   127,743
                                                      --------   -------
Total Liabilities                                    2,152,912  2,062,927
                                                    ----------  ---------

Stockholders' Equity
   Capital stock, par value $.033:
   30,000,000 shares authorized: 14,342,097
   issued and outstanding as of Dec. 31, 2018
   and 14,338,855 as of December 31, 2017
   (see Note 8)                                    473,289       468,836
   Additional paid-in capital                    2,222,892     2,222,892
   (Accumulated deficit)
   Retained earnings                           (3,986,279)   (3,626,842)
                                              ------------   -----------
   Total Stockholders' Equity                  (1,290,098)     (935,114)
                                              ------------   -----------

Total Liabilities and Stockholders' Equity      $  862,814    $1,127,813
                                              ============  ============

Original Sixteen to One Mine, Inc.
Statement of Operations

                                                    2018      2017       2016
Revenues:
Gold & jewelry sales                             156,570    191,212   1,356,169
Other Income                                      48,000     96,000      96,000
                                                  ------     -------     -------
   Total Revenues                                204,570    287,212   1,452,169

Operating expenses:
   Salaries and wages                             60,000     60,000      60,000
   Contract Labor                                239,601    272,095     358,749
   Utilities                                      87,178     82,855      78,594
   Taxes - property & payroll                     17,584     18,093      19,122
   Insurance                                       4,755      5,541       4,795
   Supplies                                       20,608     29,335      59,370
   Small equipment & repairs                       9,240     26,404      33,445
   Drayage                                        20,610     14,750      13,753
   Corporate expense                               9,317     11,419      14,790
   Legal and compliance                           13,577     17,908      63,233
   Mine Maintenance                               22,024    115,135      66,323
   Depreciation & amortization                    25,371     26,175      22,166
   Other expenses                                  5,178      5,848      10,856
                                                 -------     ------      ------
   Total operating expenses                      535,043    685,558     805,196

   Profit (Loss) from operations               (330,473)    (398,346)   646,973

Other Income & (Expense):
Other Income                                      4,595      5,861       4,550
Interest Expense                                (27,594)   (27,609)    (39,894)
Other expense                                    (5,464)      (740)       (669)

                                               ---------   --------   ---------
   Total Other Income (Expense)                 (28,463)    (22,488)    (36,013)

   Profit (Loss) before taxes                  (358,936 )  (420,834)     610,960

   Provision for income taxes                        800     9,131         800

Net (loss) income                          $    (359,736) $(429,965) $   610,160
                                              ==========  ==========   =========

Basic and diluted gain (loss) per share      $    (.025)  $   (.03)  $     .04
Shares used in the calculation of net
   (loss) income per share                   14,342,097   14,338,855 14,338,855
                                                ========   =========   ========

Original Sixteen to One Mine, Inc.

Statement of Cash Flow
For the Years Ended December 31,                   2018       2017      2016

Cash Flows From Operating Activities:
Net profit (loss)                          $     (359,736)$ (429,965) $ 610,160
Operating activities:
   Depreciation and amortization                    25,371    26,175     22,166
   Decrease(Increase) in accounts receivable        12,742    25,501   (33,892)
   Decrease(Increase) in inventory                 222,899   357,985  (286,163)
   (Decrease) Increase in accounts payable
    accrued expenses                                77,533     9,106     41,431
   (Decrease) Increase in related party loans       28,590    25,349   (549,116)
   (Decrease) Increase in short-term notes           1,282     2,585   (495,339)
                                                   --------  -------  ---------

Net cash (used) provided by operating activities     8,681    16,736  (690,753)

Cash Flows From Investing Activities:
   Sale (Purchase) of Real Estate                       -      -           -
   Write-off (Purchase) of fixed assets                 596      -           -
   Decrease (Increase) Bonds Misc. deposits             -      -       (16,000)
                                                  ---------  --------  --------
Net cash (used) provided by investing activities       596      -      (16,000)

Cash Flows From Financing Activities
 Increase (Decrease) notes payable                (17,420)   (16,706)  (14,823)
 Proceeds from sale of common stock                  4,453       -      28,180
 Paid in Capital from Shareholders                    -          -     159,690
                                                --------     --------  --------
 Net cash provided (used) by financing activities (12,967)    (16,706)  173,047

 (Decrease)increase in cash                        (3,690)         30 (533,706)
 Cash, beginning of period                           6,986      6,956   540,662
                                                    ------   -------   --------
 Cash, end of period                            $    3,296 $    6,986  $  6,956
                                                  =========  ========= ========

NOTES TO THE FINANCIAL STATEMENTS

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business: Original Sixteen to One Mine, Inc. (the Company) was incorporated in 1911 and is actively involved in operating a gold mine in Alleghany, California. In accordance with directive from the Securities and Exchange Commission (SEC)and Industry Guide 7, reference for all intent and purposes to the Company's employees as miners, its properties as mines or its operation as mining does not diminish the fact that the Company has no proven reserves and is in the "exploration state" as defined in Guide 7(a)(4)(iii).

Inventory: Inventory consists of gold bullion, specimens and jewelry. Gold bullion and specimens are quoted at the market price for gold bullion. Jewelry is quoted at the market price for the gold content plus labor cost. Inventory is accounted for using the Average Cost method due to the limitations of the Company's accounting software. Valuation adjustments to account for changes in the price of gold are made quarterly.

Fixed Assets: Fixed assets are stated at historical cost. Depreciation is calculated using straight-line and accelerated methods over the following useful lives: Vehicles 3 to 5 years, Equipment 5 to 7 years, Buildings 18 to 31.5 years.

Depletion Policy: Because of the geological formation in the Alleghany Mining District, estimates of ore reserves cannot be calculated. Accordingly, a cost per unit depletion factor cannot be determined. Should estimates of ore reserves become available, the units of production method of depletion will be used. Until such time, no depletion deduction will be recorded.

Revenue Recognition: As it is mined, gold is recorded in inventory and revenue is recognized using quoted market prices for gold. For income tax purposes revenues are not recognized until the gold is sold.

Use of Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

2. PROPERTY

The company's original property is carried at the 1924 value of $628,662 and has been fully amortized through depletion charges of $524,145. Other properties included in the "real estate and property rights" category are a lot purchased in 1984 for $1,000, Surface rights purchased at the townsite auction in 1996 for $76,574 and $48,310 for the Sphoon Mine which is patented property included with the purchase of the Gold Crown Mine in 2005. The category "mineral property" includes the Plumbago Mine which was exchanged for 50,000 shares of restricted stock in 1999.

3. ACCOUNTS PAYABLE & ACCRUED EXPENSES

Accounts payable and accrued expenses was $1,274,559 at December 31, 2018. This balance includes $783,782 in accrued wages owed to Michael Miller. Mr. Miller's salary has been mostly accrued (not paid) for over ten years and is secured with real estate.

4. NOTES PAYABLE RELATED PARTIES

Notes payable related parties at December 31, 2018 of $229,472 consists of a loan from a shareholder in the amount of $203,869 secured by gold and $25,602 owed to Michael Miller.

5. RELATED PARTY TRANSACTIONS

None

6. NOTES PAYABLE SHORT-TERM Notes payable short-term of $538,558 at December 31, 2018 consists of a $500,000 interest-free line of credit as well as accrued interest on a previous loan. There is no specific due date on these loans which are convertable to stock at $1.00 per share.

7. NOTES PAYABLE

Notes payable due after one-year totaling $110,912 consists of the balance remaining on the mortgage for the Gold Crown Mine of $97,236 as well as $13,086 remaining on a note secured in 2014 for the purchase of a vehicle.

8. STOCK

Capital authorized: 30,000,000 non-assessable shares of common stock, par value $.033. Issued and outstanding: 14,342,097 shares of common stock. With approx. 3 Million of the total restricted. Restricted common stock cannot be sold within two years of the issuance date. After the required holding period, the shareholder can take steps to remove the indicated restriction.

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