Delaware
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22-2335094
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(State
of jurisdiction of
Incorporation)
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(I.R.S.
Employer Identification No.)
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Page
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PART
I. FINANCIAL INFORMATION
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||
Item
1.
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Financial
Statements (Unaudited)
|
|
Condensed
Balance Sheet as of July 31, 2007
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3
|
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Condensed
Statements of Operations for the three Months Ended July 31,
2007
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||
and
June 2006
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4
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Condensed
Statements of Cash Flows for the three Months Ended July 31,
2007 and July
31, 2006
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5
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Notes
to Condensed Financial Statements
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6
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Item
2.
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Management's
Discussion and Analysis of Financial Condition and Results of
Operations
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7
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Item
3.
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Controls
and Procedures
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9
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PART
II. OTHER INFORMATION
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||
Item
1.
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Legal
Proceedings
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10
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Item
2.
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Changes
in Securities
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10
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Item
3.
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Defaults
Upon Senior Securities
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10
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Item
4.
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Submissions
of Matters to a Vote of Security Holders
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10
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Item
5.
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Other
Information
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10
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Item
6.
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Exhibits
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11
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ASSETS
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||||
Current
Assets:
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||||
Cash
and Cash Equivalents
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$
|
438,685
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||
Other
Current Assets
|
452
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|||
Total
Current Assets
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439,137
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|||
Total
Assets
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$
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439,137
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||
LIABILITIES
AND STOCKHOLDERS’ EQUITY
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||||
Current
Liabilities:
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$
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-
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||
Total
Current Liabilities
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-
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|||
Commitments
and Contingencies
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||||
Stockholders’
Equity:
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||||
Common
Stock, $.001 Par Value; Authorized
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||||
10,000,000
Shares; Issued and Outstanding 7,050,540 Shares
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7,050
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|||
Additional
Paid-In Capital
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2,365,441
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|||
Retained
Earnings (Deficit)
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(1,933,354
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)
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||
Total
Stockholders’ Equity
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439,137
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|||
Total
Liabilities and Stockholders’ Equity
|
$
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439,137
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Quarter
Ended July 31,
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|||||||
2007
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2006
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||||||
Net
Sales
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$
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-
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$
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-
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|||
Costs
and Expenses:
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|||||||
Selling,
General and Administrative Expenses
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1,728
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3,134
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|||||
1,728
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3,134
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||||||
Loss
from Operations
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(
1,728
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)
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(
3,134
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)
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|||
Other
Income:
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|||||||
Interest
Income
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7,996
|
466
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|||||
7,996
|
466
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||||||
Net
Income (Loss)
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$
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6,268
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$
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(
2,668
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)
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||
Loss
Per Common Share - Basic
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$
|
.00
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$
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(
.00
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)
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||
Weighted
Average Shares Outstanding
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7,050,540
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7,050,540
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Quarter
Ended July
31,
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|||||||
2007
|
2006
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||||||
Cash
Flows from Operating Activities:
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|||||||
Net
Income (Loss)
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$
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6,268
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$
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(
2,668
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)
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Adjustments
to Reconcile Net Income (Loss) to Net Cash
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|||||||
Provided
by (Used) in Operating Activities:
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|||||||
Changes
in Operating Assets and Liabilities:
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|||||||
Decrease
in Other Current Assets
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1,190
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-
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|||||
Increase
(Decrease) in Accounts Payable and
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|||||||
Accrued
Liabilities
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(
9,045
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)
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2,750
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||||
Total
Adjustments
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(
7,855
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)
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2,750
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||||
Net
Cash Provided by (Used) in Operating Activities
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(
1,587
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)
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82
|
||||
Cash
Flows from Investing Activities:
|
-
|
-
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|||||
Cash
Flows from Financing Activities:
|
-
|
-
|
|||||
Increase
(Decrease) in Cash and Cash Equivalents
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(
1,587
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)
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82
|
||||
Cash
and Cash Equivalents - Beginning of Period
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440,272
|
462,847
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|||||
Cash
and Cash Equivalents - End of Period
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$
|
438,685
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$
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462,929
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|||
Supplemental
Cash Flow Information:
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|||||||
Cash
Paid for Interest
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$
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-
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$
|
-
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|||
Cash
Paid for Income Taxes
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$
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-
|
$
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-
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3.a. |
Our
Articles of Incorporation (1)
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3.b. | Our By-Laws (2) |
31.1 |
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of
2002 from the Company’s Chief Executive Officer (3)
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31.2 |
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of
2002 from the Company’s Chief Financial Officer (3)
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32.1 |
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002 from the Company’s Chief Executive Officer (3)
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32.2 |
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 from
the
Company’s Chief Financial Officer
(3)
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ARBOR ENTECH CORPORATION | ||
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|
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Date: September 12, 2007 | By: | /s/ Harvey Houtkin |
Harvey
Houtkin,
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||
Chairman
of the Board, Chief Executive Officer
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Date: September 12, 2007 | By: | /s/ Mark Shefts |
Mark Shefts, |
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Chief
Financial Officer
|