[X]
|
Quarterly
Report Under Section 13 or 15(d) of the Securities Exchange Act of
1934
|
[]
|
Transition
Report Under Section 13 or 15(d) of the Securities Exchange Act of
1934
|
Utah
|
91-0974149
|
|
(State
or other jurisdiction of incorporation or organization)
|
(I.R.S.
Employer I.D. No.)
|
P.O.
Box 2017, Sandy, Utah
|
84091-2017
|
|
(Address
of principal executive offices and Zip
Code)
|
(801)
784-1114
|
(Registrant's
telephone number, including area
code)
|
Class
"A" Voting Common Stock, no par value
|
5,250,915
|
|
Title
of Class
|
Number
of Shares Outstanding as of August 8,
2008
|
Trafalgar
Resources, Inc.
|
|||||||
BALANCE
SHEET
|
|||||||
UNAUDITED
|
|||||||
June
30, 2008
|
|||||||
ASSETS
|
|||||||
CURRENT
ASSETS
|
|||||||
Cash
|
$
|
6,937
|
|||||
Prepaid
expenses
|
0
|
||||||
TOTAL
CURRENT ASSETS
|
6,937
|
||||||
$
|
6,937
|
||||||
LIABILITIES AND SHAREHOLDERS'
(DEFICIT)
|
|||||||
CURRENT
LIABILITIES
|
|||||||
Accounts
payable
|
$
|
0
|
|||||
Interest
payable
|
302
|
||||||
Income
taxes payable
|
0
|
||||||
TOTAL
CURRENT LIABILITIES
|
302
|
||||||
CONTINGENT
LIABILITIES
|
|||||||
Note
payable -- Related party (Note 2)
|
20,000
|
||||||
TOTAL
LIABILITIES
|
20,302
|
||||||
SHAREHOLDERS'
(DEFICIT)
|
|||||||
Common
stock no par value, 100,000,000
|
|||||||
shares
authorized, 5,250,929, shares issued at June 30, 2008
|
137,413
|
||||||
Retained
deficit
|
(103,925)
|
||||||
Deficit
from re-entering development stage
|
(46,853)
|
||||||
TOTAL
SHAREHOLDERS' (DEFICIT)
|
(13,365)
|
||||||
$
|
6,937
|
Trafalgar
Resources, Inc.
|
||||||||||||
STATEMENTS
OF OPERATIONS
|
||||||||||||
UNAUDITED
|
||||||||||||
Three
Months Ended June 30,
|
Period
from re-entering development stage to June 30,
|
|||||||||||
2008
|
2007
|
2008
|
||||||||||
Income
|
$
|
0
|
$
|
0
|
$
|
2
|
||||||
Cost
of Sales
|
0
|
0
|
0
|
|||||||||
GROSS
PROFIT
|
0
|
0
|
2
|
|||||||||
Expenses
|
||||||||||||
General
and Administrative
|
1,830
|
1,435
|
45,213
|
|||||||||
Interest
Expense
|
225
|
113
|
1,242
|
|||||||||
2,055
|
1,548
|
46,455
|
||||||||||
(LOSS)
BEFORE TAXES
|
(2,055)
|
(1,548)
|
(46,453)
|
|||||||||
PROVISION
FOR TAXES
|
0
|
0
|
400
|
|||||||||
NET
(LOSS)
|
$
|
(2,055)
|
$
|
(1,548)
|
$
|
(46,853)
|
||||||
(LOSS)
PER COMMON SHARE
|
||||||||||||
Basic
and fully diluted loss per weighted average common share
outstanding
|
$
|
(0.00)
|
$
|
(0.00)
|
||||||||
Weighted
average number of common shares outstanding
|
5,250,929
|
5,250,929
|
Trafalgar
Resources, Inc.
|
||||||||||||
STATEMENTS
OF OPERATIONS
|
||||||||||||
UNAUDITED
|
||||||||||||
Nine
Months Ended June 30,
|
Period
from re-entering development stage to June 30,
|
|||||||||||
2008
|
2007
|
2008
|
||||||||||
Income
|
$
|
0
|
$
|
0
|
$
|
2
|
||||||
Cost
of Sales
|
0
|
0
|
0
|
|||||||||
GROSS
PROFIT
|
0
|
0
|
2
|
|||||||||
Expenses
|
||||||||||||
General
and Administrative
|
8,177
|
7,015
|
45,213
|
|||||||||
Interest
Expense
|
488
|
152
|
1,242
|
|||||||||
8,665
|
7,167
|
46,455
|
||||||||||
(LOSS)
BEFORE TAXES
|
(8,665)
|
(7,167)
|
(46,453)
|
|||||||||
PROVISION
FOR TAXES
|
0
|
0
|
400
|
|||||||||
NET
(LOSS)
|
$
|
(8,665)
|
$
|
(7,167)
|
$
|
(46,853)
|
||||||
(LOSS)
PER COMMON SHARE
|
||||||||||||
Basic
and fully diluted loss per weighted average common share
outstanding
|
$
|
(0.00)
|
$
|
(0.00)
|
||||||||
Weighted
average number of common shares outstanding
|
5,250,929
|
5,250,929
|
Trafalgar
Resources, Inc.
|
||||||||||||
STATEMENTS
OF CASH FLOWS
|
||||||||||||
UNAUDITED
|
||||||||||||
Nine
Months Ended June 30,
|
Period
from re-entering development stage to June 30,
|
|||||||||||
2008
|
2007
|
2008
|
||||||||||
OPERATING
ACTIVITIES
|
||||||||||||
Net
(Loss)
|
$
|
(8,665)
|
$
|
(7,167)
|
$
|
(46,853)
|
||||||
Adjustments
to reconcile not (loss) to net cash required by operating
activities:
|
||||||||||||
Interest
-- non-cash
|
38
|
152
|
302
|
|||||||||
Changes
in operating assets and liabilities:
|
||||||||||||
Prepaid
Expenses
|
0
|
0
|
0
|
|||||||||
Accounts
Payable
|
(750)
|
0
|
(5,269)
|
|||||||||
Income
Taxes payable
|
(100)
|
(100)
|
(1,243)
|
|||||||||
NET
CASH REQUIRED BY OPERATING ACTIVITIES
|
(9,477)
|
(7,115)
|
(53,063)
|
|||||||||
FINANCING
ACTIVITIES
|
||||||||||||
Loans
|
10,000
|
10,000
|
20,000
|
|||||||||
Stock
Sold
|
0
|
0
|
40,000
|
|||||||||
NET
CASH PROVIDED BY FINANCING ACTIVITIES
|
10,000
|
10,000
|
60,000
|
|||||||||
NET
INCREASE (DECREASE) IN CASH
|
523
|
2,885
|
6,937
|
|||||||||
CASH
AT BEGINNING OF PERIOD
|
6,414
|
4,911
|
0
|
|||||||||
CASH
AT END OF PERIOD
|
$
|
6,937
|
$
|
7,796
|
$
|
6,937
|
||||||
CASH
PAID FOR TAXES
|
$
|
100
|
$
|
0
|
$
|
1,724
|
||||||
CASH
PAID FOR INTEREST
|
$
|
450
|
$
|
0
|
$
|
940
|
ITEM
2.
|
MANAGEMENT'S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
|
ITEM
3.
|
CONTROLS
AND PROCEDURES
|
ITEM
1.
|
LEGAL
PROCEEDINGS
|
|
None.
|
ITEM
2.
|
CHANGES
IN SECURITIES
|
|
None.
|
ITEM
3.
|
DEFAULTS
UPON SENIOR SECURITIES
|
|
None.
|
ITEM
4.
|
SUBMISSION
OF MATTERS TO A VOTE OF SECURITY
HOLDERS
|
|
None.
|
ITEM
5.
|
OTHER
INFORMATION
|
ITEM
6.
|
EXHIBITS
AND REPORTS ON FORM 8-K
|
Item
4
|
Exhibit
No.
|
Instruments
Defining the Rights of Security Holders
|
Location
|
|||
4.01
|
4
|
Specimen
Stock Certificate
|
Incorporated
by reference *
|
|||
10.01
|
10
|
Promissory
Note
|
This
filing
|
|||
10.01
|
10
|
Promissory
Note
|
This
filing
|
|||
31.01
|
31
|
CEO
certification Pursuant to 18USC Section 1350, as adopted pursuant to
Section 302 of Sarbanes--Oxley Act of 2002
|
This
filing
|
|||
31.02
|
31
|
CFO
certification Pursuant to 18USC Section 1350, as adopted pursuant to
Section 302 of Sarbanes--Oxley Act of 2002
|
This
filing
|
|||
32.01
|
32
|
CEO
Certification pursuant to section 906
|
This
filing
|
|||
32.02
|
32
|
CFO
Certification pursuant to section 906
|
This
filing
|
*
|
Incorporated
by reference from the Company's registration statement on Form 10-SB filed
with the Commission, SEC file no.
0-23502.
|
Trafalgar
Resources, Inc.
|
||
(Registrant)
|
||
Dated: August
8, 2008
|
By:
/s/ Anthony Brandon Escobar
|
|
Anthony
Brandon Escobar, President (Principal Executive
Officer)
|
||
By:
/s/ Anthony Coletti
|
||
Anthony
Coletti, Principal Accounting
Officer
|