x
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QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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o
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TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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DELAWARE
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000-51886
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|||
(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File No.)
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(IRS
Employee Identification No.)
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Item
1.
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Financial
Statements
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Item
2.
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Management’s
Discussion and Analysis of Financial Condition
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Item
3
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Quantitative
and Qualitative Disclosures About Market Risk
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Item
4.
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Control
and Procedures
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Item
1
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Legal
Proceedings
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Item
2.
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Unregistered
Sales of Equity Securities and Use of Proceeds
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Item
3.
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Defaults
Upon Senior Securities
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Item
4.
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Submission
of Matters to a Vote of Security Holders
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Item
5.
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Other
Information
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Item
6.
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Exhibits
and Reports on Form 8-K
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FINANCIAL
STATEMENTS
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Page
#
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Balance
Sheet
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F-1
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Statement
of Operations and Retained Deficit
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F-2
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Statement
of Stockholders Equity
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F-3
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Cash
Flow Statement
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F-4
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Notes
to the Financial Statements
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F-5
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43010,
Inc.
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||||||||
(a
development stage company)
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||||||||
BALANCE
SHEET
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||||||||
As
of March 31, 2008 and December 31, 2007
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||||||||
ASSETS
|
||||||||
CURRENT
ASSETS
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3/31/2008
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12/31/2007
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||||||
Cash
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$ | - | $ | - | ||||
Total
Current Assets
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- | - | ||||||
TOTAL
ASSETS
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$ | - | $ | - | ||||
LIABILITIES
AND STOCKHOLDERS' EQUITY
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||||||||
CURRENT
LIABILITIES
|
||||||||
Accrued
Expenses
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$ | 3,400 | $ | 3,150 | ||||
Total
Current Liabilities
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3,400 | 3,150 | ||||||
TOTAL
LIABILITIES
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$ | 3,400 | $ | 3,150 | ||||
STOCKHOLDERS'
EQUITY
|
||||||||
Preferred
Stock - Par value $0.001;
|
||||||||
Authorized:
10,000,000
|
||||||||
None
issues and outstanding
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$ | - | $ | - | ||||
Common
Stock - Par value $0.001;
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||||||||
Authorized:
100,000,000
|
||||||||
Issued
and Outstanding: 100,000
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100 | 100 | ||||||
Additional
Paid-In Capital
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- | - | ||||||
Accumulated
Deficit
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(3,500 | ) | (3,250 | ) | ||||
Total
Stockholders' Equity
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(3,400 | ) | (3,150 | ) | ||||
TOTAL
LIABILITIES AND EQUITY
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$ | - | $ | - | ||||
43010,
Inc.
|
||||||||||||
(a
development stage company)
|
||||||||||||
STATEMENT
OF OPERATIONS
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||||||||||||
For
the three months ending March 31, 2008 and 2007 and
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||||||||||||
from
inception (December 9, 2005) through March 31, 2008
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||||||||||||
3
MONTHS
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3
MONTHS
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FROM
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||||||||||
ENDING
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ENDING
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INCEPTION
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||||||||||
3/31/2008
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3/31/2007
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TO
03/31/08
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||||||||||
REVENUE
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$ | - | $ | - | $ | - | ||||||
COST
OF SERVICES
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- | - | - | |||||||||
GROSS
PROFIT OR (LOSS)
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- | - | - | |||||||||
GENERAL
AND ADMINISTRATIVE EXPENSES
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250 | 250 | 3,500 | |||||||||
NET
INCOME (LOSS)
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(250 | ) | (250 | ) | (3,500 | ) | ||||||
ACCUMULATED
DEFICIT, BEGINNING BALANCE
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(3,250 | ) | (1,850 | ) | - | |||||||
ACCUMULATED
DEFICIT, ENDING BALANCE
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$ | (3,500 | ) | $ | (2,100 | ) | $ | (3,500 | ) | |||
Earnings
(loss) per share
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$ | (0.00 | ) | $ | (0.00 | ) | ||||||
Weighted
average number of common shares
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100,000 | 100,000 | ||||||||||
43010,
Inc.
|
||||||||||||||||
(a
development stage company)
|
||||||||||||||||
STATEMENT
OF STOCKHOLDERS' EQUITY
|
||||||||||||||||
From
inception (December 9, 2005) through March 31, 2008
|
||||||||||||||||
COMMON
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ACCUM.
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TOTAL
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||||||||||||||
SHARES
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STOCK
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DEFICIT
|
EQUITY
|
|||||||||||||
Stock
issued on acceptance
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100,000 | $ | 100 | $ | - | $ | 100 | |||||||||
of
incorporation expenses
|
||||||||||||||||
December
9, 2005
|
||||||||||||||||
Net
Income (Loss)
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(400 | ) | (400 | ) | ||||||||||||
Total,
December 31, 2005
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100,000 | 100 | (400 | ) | (300 | ) | ||||||||||
Net
Income (Loss)
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(1,450 | ) | (1,450 | ) | ||||||||||||
Total,
December 31, 2006
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100,000 | 100 | (1,850 | ) | (1,750 | ) | ||||||||||
Net
Income (Loss)
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(1,400 | ) | (1,400 | ) | ||||||||||||
Total,
December 31, 2007
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100,000 | 100 | (3,250 | ) | (3,150 | ) | ||||||||||
Net
Income (Loss)
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(250 | ) | (250 | ) | ||||||||||||
Total,
March 31, 2008
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100,000 | $ | 100 | $ | (3,500 | ) | $ | (3,400 | ) | |||||||
43010,
Inc.
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||||||||||||
(a
development stage company)
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||||||||||||
STATEMENTS
OF CASH FLOWS
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||||||||||||
For
the three months ending March 31, 2008 and 2007 and
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||||||||||||
from
inception (December 9, 2005) through March 31, 2008
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||||||||||||
3
MONTHS
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3
MONTHS
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FROM
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||||||||||
ENDING
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ENDING
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INCEPTION
|
||||||||||
CASH
FLOWS FROM OPERATING ACTIVITIES
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3/31/2008
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3/31/2008
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TO
03/31/08
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|||||||||
Net
income (loss)
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$ | (250 | ) | $ | (250 | ) | $ | (3,500 | ) | |||
Stock
issued as compensation
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- | - | 100 | |||||||||
Increase
(Decrease) in Accrued Expenses
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250 | 250 | 3,400 | |||||||||
Total
adjustments to net income
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250 | 250 | 3,500 | |||||||||
Net
cash provided by (used in) operating activities
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- | - | - | |||||||||
CASH
FLOWS FROM INVESTING ACTIVITIES
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||||||||||||
None
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- | - | - | |||||||||
Net
cash flows provided by (used in) investing
activities
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- | - | - | |||||||||
CASH
FLOWS FROM FINANCING ACTIVITIES
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||||||||||||
None
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- | - | - | |||||||||
Net
cash flows provided by (used in) financing
activities
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- | - | - | |||||||||
CASH
RECONCILIATION
|
||||||||||||
Net
increase (decrease) in cash
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- | - | - | |||||||||
Cash
- beginning balance
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- | - | - | |||||||||
CASH
BALANCE - END OF PERIOD
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$ | - | $ | - | $ | - | ||||||
Deferred
tax assets:
|
||||
Federal
net operating loss
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$ | 525 | ||
State
net operating
loss
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175 | |||
Total
Deferred Tax Asset
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700 | |||
Less
valuation
allowance
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(700 | ) | ||
0 |
Federal
income tax rate
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15.0 | % | ||
State
tax, net of federal benefit
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5.0 | % | ||
Increase
in valuation allowance
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(20.0 | %) | ||
Effective
income tax rate
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0.0 | % |
43010,
INC.
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Date:
May 9, 2008
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By:
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/s/
Michael Raleigh
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Michael
Raleigh
|
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Chief
Executive Officer,
Chief
Financial Officer and Director
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