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**UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549**___________________**FORM 10-Q**___________________

**ý                                QUARTERLY REPORT PURSUANTTO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

  

For the quarterly period endedMarch 31, 2013

  

OR

  

** ̈                                TRANSITION REPORTPURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

 

For the transition period from       to

   

Commissionfile number: 0-27511

  

**PEREGRINEINDUSTRIES, INC.**(Exact Name Of RegistrantAs Specified In Its Charter)
| Florida                                     | 65-0611007                              |
|---------------------------------------------|-----------------------------------------|
| (State of Incorporation)                    | (I.R.S. Employer    Identification No.) |
|                                        |                                    |
| 40    Wall Street, 20th Floor, New York, NY | 10005                                   |
| (Address of Principal    Executive Offices) | (ZIP Code)                              |

Registrant'sTelephone Number, Including Area Code: (212) 400-7198

Indicate by checkmark whether the registrant (1) has filed all reports required to be filed by Section 13or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or forsuch shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days. Yes x No  ̈Indicate by check mark whether the registrant is a shell company (asdefined in Rule 12b-2 of the Exchange Act). Yes x No  ̈

Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, anon-accelerated filer (asdefined in Rule 12b-2 of the Exchange Act) or a smallerreporting company.
| Large accelerated    filer  ̈ | Accelerated filer  ̈  | Non-Accelerated    filer  ̈  | Smaller reporting    company x |
|----------------------------------|-------------------------------|--------------------------------------|------------------------------------|

On June 25, 2013,the Registrant had 524,200 shares of common stock outstanding.

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**TABLE OF CONTENTS**
| Item                                  |                          | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      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| **PART I - FINANCIAL    INFORMATION** |
|                                  |
| ITEM 1.                               |      |    FINANCIAL    STATEMENTS.
    3  
ITEM 2.
    
   MANAGEMENT'S    DISCUSSION AND ANALYSIS AND PLAN OF OPERATION.
    3   ITEM 3.   QUANTITATIVE    AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK6
ITEM 4.
    
   CONTROLS    AND PROCEDURES.
    6     
**PART II - OTHER    INFORMATION**
  
ITEM 1.
    
   LEGAL    PROCEEDINGS.
    6  ITEM 1A.   RISK FACTORS.6
ITEM 2.
    
   UNREGISTERED SALES    OF EQUITY SECURITIES AND USE OF PROCEEDS.
    6   
ITEM 3.
    
   DEFAULT    UPON SENIOR SECURITIES.
    6   
ITEM 4.
    
   MINE    SAFETY DISCLOSURE.
    6   
ITEM 5.
    
   OTHER    INFORMATION.
    6   ITEM 6.   EXHIBITS.6
 
****
**PART I - FINANCIAL INFORMATION**

ITEM1. FINANCIAL STATEMENTS****Back to Table of Contents

**Peregrine Industries, Inc.**
Balance Sheet
Back to Table of Contents**  ****March 31, 2013****Fiscal Year Ended**(Unaudited)**June 30, 2012**
ASSETSCurrent assets:           **Total Assets**$0$0  
LIABILITIES    AND STOCKHOLDERS' EQUITY (DEFICIT)  Current liabilities:   Accounts    payable-trade$8,446$8,446   Accrued interest    expenses67,27549,725   Advances due to    related party197,500145,500   Convertible notes195,000195,000         Total current liabilities468,221398,671  Stockholders' deficit:   Preferred stock,    $.0001 par value; 5,000,000 authorized, none issued00   Common stock,    $.0001 par value; 100,000,000 shares authorized;      524,200    issued and outstanding at March 31, 2013 and June 30, 20125252   Additional paid in    capital157,832157,832   Accumulated deficit(626,105)(556,555)        Stockholders' deficit(468,221)(398,671)          **Total Liabilities and Stockholders' deficit**$0
$0  See notes to    unaudited interim financial statements.**Peregrine    Industries, Inc.**Statements of Operations
Back to Table of Contents  **Three Months****Three Months****Nine Months****Nine Months****Ended****Ended****Ended****Ended****March 31, 2013****March 31, 2012****March 31, 2013****March 31, 2012**(Unaudited)(Unaudited)(Unaudited)(Unaudited)  Revenue$0$0$0$0Costs and expenses:   General and administrative16,75016,50052,00051,500   Interest expense5,8505,85017,55017,550Total costs and expenses22,60022,35069,55069,050  **     **Net loss(22,600)$(22,350)$(69,550)$(69,050)  Basic and diluted share amounts:Basic and diluted net loss$(0.04)$(0.04)$(0.13)$(0.13)  Weighted average shares outstanding:Basic and diluted net loss524,200524,200524,200524,200  See notes to    unaudited interim financial statements**Peregrine    Industries, Inc.**Statement of Cash FlowsBack to Table of Contents
        **Nine Months****Nine Months****Ended****Ended****March 31, 2013****March 31, 2012**  (Unaudited)(Unaudited)Cash flows from operating activities:Net loss$(69,550)$(69,050)Adjustments to reconcile net loss to cash used    in operating activities:   Fair value of services provided by    related parties48,00049,500   Increase in accounts payable and    accrued expenses21,55019,550     Cash    flows used by operating activities00  Cash flows from investing    activities:         Cash    used in investing activities00   Cash flows from financing activities:   Advances from related parties00     Cash    generated by financing activities00       Change in cash00Cash - beginning of period00Cash - end of period$0$0  See notes to    unaudited interim financial statements**PEREGRINE INDUSTRIES, INC.Notes toUnaudited Interim Financial StatementsMarch 31, 2013Back to Table of Contents
****Note 1. Basis of Presentation**Peregrine Industries, Inc. (the "Company") was formed on October 1, 1995 for thepurpose of manufacturing residential pool heaters. The Company was formerly located inDeerfield Beach, Florida. Products were primarily sold throughout the United States,Canada, and Brazil. In June 2002, the Registrant and its subsidiaries filed a petition forbankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida. At present,the Company has no business operations and is deemed to be a shell company.In the opinion of management, the accompanying unaudited condensed financial statementsinclude all adjustments, consisting of only normal recurring accruals, necessary for afair statement of financial position, results of operations, and cash flows. Theinformation included in this Quarterly Report on Form 10-Q should be read in conjunctionwith the financial statements and the accompanying notes included in our Annual Report onForm 10-K for the year ended June 30, 2012. The accounting policies are described in the“Notes to the Financial Statements” in the 2012 Annual Report on Form 10-K andupdated, as necessary, in this Form 10-Q. The year-end balance sheet data presented forcomparative purposes was derived from audited financial statements, but does not includeall disclosures required by accounting principles generally accepted in the United States.The results of operations for the three and nine months ended March 31, 2013 are notnecessarily indicative of the operating results for the full year or for any othersubsequent interim period.Accounting PoliciesUse of Estimates: The preparation of financial statements in conformity with generallyaccepted accounting principles requires management to make estimates and assumptions thataffect reported amounts of assets and liabilities and disclosure of contingent assets andliabilities at the date of the financial statement and the reported amounts of revenuesand expenses during the reporting period. Actual results could differ from the estimates.Cash and Cash Equivalents: For financial statement presentation purposes, the Companyconsiders those short-term, highly liquid investments with original maturities of threemonths or less to be cash or cash equivalents.Stock Based Compensation: Stock-based awards to non-employees are accounted for using thefair value method in accordance with Accounting Standard Codification (“ASC”)505-50, Accounting for Stock-Based Compensation , . All transactions in which goods orservices are the consideration received for the issuance of equity instruments areaccounted for based on the fair value of the consideration received or the fair value ofthe equity instrument issued, whichever is more reliably measurable. The measurement dateused to determine the fair value of the equity instrument issued is the earlier of thedate on which the third-party performance is complete or the date on which it is probablethat performance will occur.Fair Value of Financial Instruments: ASC # 825, "Disclosures about Fair Value ofFinancial Instruments," requires disclosure of fair value information about financialinstruments. Fair value estimates discussed herein are based upon certain marketassumptions and pertinent information available to management as of March 31, 2013. Thesefinancial instruments include accounts payable and accrued expenses. Fair values wereassumed to approximate carrying values for these financial instruments since they areshort-term in nature and their carrying amounts approximate fair values.Earnings per Common Share: Basic net income or loss per share is computed using theweighted average number of common shares outstanding during the period. Diluted net incomeper common share is computed using the weighted average number of common and dilutiveequivalent shares outstanding during the period. Dilutive common equivalent shares consistof options to purchase common stock (only if those options are exercisable and at pricesbelow the average share price for the period) and shares issuable upon the conversion ofissued and outstanding preferred stock. Due to the net losses reported, dilutive commonequivalent shares were excluded from the computation of diluted loss per share, asinclusion would be anti-dilutive for the periods presented.Income Taxes: The Company accounts for income taxes in accordance with ASC # 740,"Accounting for Income Taxes," which requires recognition of estimated incometaxes payable or refundable on income tax returns for the current year and for theestimated future tax effect attributable to temporary differences and carry-forwards.Measurement of deferred income tax is based on enacted tax laws including tax rates, withthe measurement of deferred income tax assets being reduced by available tax benefits notexpected to be realized.FASB ASC # 740 prescribes a two-step process to determine the amount of tax benefit to berecognized. First, the tax position must be evaluated to determine the likelihood that itwill be sustained upon external examination. If the tax position is deemed“more-likely-than-not” to be sustained, the tax position is then assessed todetermine the amount of benefit to recognize in the financial statements. The amount ofthe benefit that may be recognized is the largest amount that has a greater than 50%likelihood of being realized upon ultimate settlement. There are no uncertain taxpositions taken by the Company on its tax returns. Tax years subsequent to 2006 remainopen to examination by U.S. federal and state tax jurisdictions.Management of the Company is not aware of any additional liability for unrecognized taxbenefits at March 31, 2013 and June 30, 2012, respectively.Impact of recently issued accounting standardsThere were no new accounting pronouncements that had a significant impact on theCompany’s operating results or financial position.**Note 2. Going Concern**The Company's financial statements have been prepared on a going concern basis, whichcontemplates the realization of assets and settlement of liabilities and commitments inthe normal course of business for the foreseeable future. Since adopting"fresh-start" accounting as of September 5, 2002, the Company has accumulatedlosses and has insufficient working capital to meet operating needs for the next twelvemonths as of March 31, 2013, all of which raise substantial doubt about the Company'sability to continue as a going concern. We have no present operations or revenues and ourcurrent activities are related to seeking new business opportunities, including seeking anacquisition or merger with an operating company. The Registrant does not intend to limititself to a particular industry and has not established any particular criteria upon whichit shall consider and proceed with a business opportunity.**Note 3. Convertible Notes to Related Parties**In April 2010, we issued one convertible promissory note in the amount of $97,500 to ourPresident/Director and one convertible promissory note in the amount of $97,500 to aDirector. The notes bear interests at 12% per annum until paid or converted. Interest ispayable upon the maturity date at December 31, 2013. The initial conversion rate is $0.10per share. The note formalized a like amount due through the accretion of cash advancesand the fair value of services provided without cost covering several years.In accordance with Accounting Standard Codification ( “ASC # 815”), Accountingfor Derivative Instruments and Hedging Activities, we evaluated the holders non-detachableconversion right provision and liquidated damages clause, contained in the terms governingthe notes stated above to determine whether the features qualify as an embedded derivativeinstruments at issuance. Such non-detachable conversion right provision and liquidateddamages clause did not need to be accounted as derivative financial instruments. However,since the conversion price was below the current stock price a further evaluation neededto be performed for the existence of a beneficial conversion feature.At April 2010, when the convertible notes were issued the price of our stock was $3.99,such price would have created a beneficial conversion feature but as the Company is andhas been so thinly traded during the last 3 years, the fair value of the stock price wasdeemed not to be of fair value of the conversion feature. Management decided that becausethe Company's ability to continue as a going concern was in question and that it has norevenue sources that a conversion price of $0.10 was a better measure of fair marketvalue. Based on that decision, no beneficial conversion feature was reflected in thefinancial statements.**Note 4. Related Party Transactions**Fair value of services:The executive officer provides services to the Company, which services are accrued and arevalued at $2,000 per month. The total of these accrued expenses was $18,000 for the ninemonths ended March 31, 2013 and 2012 and is reflected in the statement of operations asgeneral and administrative expenses.The Company’s non-executive director who was appointed to the board of directors onDecember 7, 2009, is entitled to receive compensation of $1,000 per quarter, which amountis reflected under general and administrative expenses during the three and nine-monthsperiod ended March 31, 2013 and 2012.An entity affiliated by common management to the Company provided securities complianceservices related to SEC filing services valued at $18,000 during the nine-month periodsended March 31, 2013 and 2012. This amount was also reflected in the statement ofoperations as general and administrative expenses.The Company leases office space at a rate of $1,000 per month from an entity controlled byour board members.Amounts due to related parties totaled $424,500 at March 31, 2013 and $340,500 at June 30,2012, including the convertible notes.

ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATIONBackto Table of Contents

Some of the statements contained in this quarterlyreport of Peregrine Industries, Inc. (hereinafter the "Company", "We"or the "Registrant") discuss future expectations, contain projections of ourplan of operation or financial condition or state other forward-looking information.Forward-looking statements give our current expectations or forecasts of future events.You can identify these statements by the fact that they do not relate strictly tohistorical or current facts. They use of words such as "anticipate,""estimate," "expect," "project," "intend,""plan," "believe," and other words and terms of similar meaning inconnection with any discussion of future operating or financial performance. From time totime, we also may provide forward-looking statements in other materials we release to thepublic.

Plan of OperationWe have no present operations or revenues and our current activities are related toseeking new business opportunities, including seeking an acquisition or merger with anoperating company. The Registrant does not intend to limit itself to a particular industryand has not established any particular criteria upon which it shall consider and proceedwith a business opportunity.If the Company seeks to acquire another business or pursue a business opportunity,management would have substantial flexibility in identifying and selecting a prospectivebusiness. Registrant would not be obligated nor does management intend to seekpre-approval by our shareholders. Under the laws of the State of Florida, the consent ofholders of a majority of the issued and outstanding shares, acting without a shareholders'meeting, can approve an acquisition.The Registrant is entirely dependent on the judgment of management in connection with theselection process for a target company. In evaluating a prospective business opportunity,we would consider, among other factors, the following: (i) costs associated with effectinga transaction; (ii) equity interest in and opportunity to control the prospectivecandidate; (iii) growth potential of the target business; (iv) experience and skill ofmanagement and availability of additional personnel; (v) necessary capital requirements;(vi) the prospective candidate's competitive position; (vii) stage of development of thebusiness opportunity; (viii) the market acceptance of the business its products orservices; (ix) the availability of audited financial statements of the potential businessopportunity; and (x) the regulatory environment that may be applicable to any prospectivebusiness opportunity.The foregoing criteria are not intended to be exhaustive and there may be other criteriathat management may deem relevant. In connection with an evaluation of a prospective orpotential business opportunity, management may be expected to conduct a due diligencereview.We had operating expense of $22,600 during the three-month periods ended March 31, 2013 ascompared to operating expenses of $22,350 during the same period in the prior year,consisting mainly of interest expenses, accounting fees, professional fees and general andadministrative expenses. The Company does not expect its operating expenses to increasesignificantly until it starts to pursue a new business opportunity or enters into abusiness combination.During the nine-month period ended March 31, 2013 we had operating expense of $69,550 ascompared to operating expenses of $69,050 during the same period in the prior year,consisting mainly of interest expense, accounting fees, professional fees and general andadministrative expenses. The Company does not expect its operating expenses to increasesignificantly until it starts to pursue a new business opportunity or enters into abusiness combination.Liquidity and Capital ResourcesWe are dependent upon interim funding provided by management and/or related parties to payprofessional fees and other expenses. We have no written finance agreement with managementand/or related parties to provide any continued funding.On March 31, 2013, we had no assets and $468,221 in liabilities, compared to liabilitiesof $398,671 as of June 30, 2012.As part of our intent to seek new business opportunities, we may determine to seek toraise funds from the sale of equity or debt securities. We have no agreements to issue anydebt or equity securities and cannot predict whether equity or debt financing will becomeavailable at terms acceptable to us, if at all.We anticipate that in connection with the commencement of a new business opportunity orconsummation of a business combination, we will issue a substantial number of additionalrestricted shares or other securities. If such additional securities are issued, ourshareholders will experience a dilution in their ownership interest in the Company. If asubstantial number of shares are issued in connection with a business combination, achange in control may be expected to occur.There are no limitations in our articles of incorporation on our ability to borrow fundsor raise funds through the issuance of restricted common stock to pursue new businessopportunities. Our limited resources and lack of operating history may make it difficultto do borrow funds or raise capital. Our inability to borrow funds or raise funds throughthe issuance of restricted common stock required to facilitate new business opportunitiesmay have a material adverse effect on our financial condition and future prospects.The Company's financial statements have been prepared on a going concern basis. TheCompany has accumulated losses and has insufficient working capital to meet operatingneeds for the next twelve months as of March 31, 2013, all of which raise substantialdoubt about the Company's ability to continue as a going concern.

ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKBackto Table of Contents

We have not enteredinto, and do not expect to enter into, financial instruments for trading or hedgingpurposes.

ITEM 4.CONTROLS AND PROCEDURES****Backto Table of Contents

*Evaluation of disclosure controls and procedures.*As of March 31, 2013, the Company's chief executive officer/chief financial officerconducted an evaluation regarding the effectiveness of the Company's disclosure controlsand procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the  Exchange Act.Based upon the evaluation of these controls and procedures, our chief executive officerand chief financial officer concluded that our disclosure controls and procedures wereeffective as of the end of the period covered by this report.

*Changes in internal controls.*During the quarterly period covered by this report, no changes occurred in our internalcontrol over financial reporting that materially affected, or is reasonably likely tomaterially affect, our internal control over financial reporting.

**PART II - OTHER INFORMATION**

ITEM 1. LEGALPROCEEDINGS****  Backto Table of Contents

None.

ITEM 1A.RISK FACTORSBack to Table of Contents

In addition to the otherinformation set forth in this report, you should carefully consider the factors discussedin Part I, “Item 1. Description of Business, subheading Risk Factors” inour Annual Report on Form 10-K for the year ended June 30, 2012, which couldmaterially affect our business, financial condition or future results. The risks describedin our Annual Report on Form 10-K are not the only risks facing our company.Additional risks and uncertainties not currently known to us or that we currently deem tobe immaterial also may materially adversely affect our business, financial conditionand/or operating results. 

ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDSBackto Table of Contents

None.

ITEM3. DEFAULTS UPON SENIOR SECURITIES****Backto Table of Contents

None.

ITEM 4. MINESAFETY DISCLOSUREBackto Table of Contents

None.

ITEM5. OTHER INFORMATION****Backto Table of Contents

None.

ITEM6. EXHIBITS****Backto Table of Contents

(a) The following documentsare filed as exhibits to this report on Form 10-Q or incorporated by reference herein. Anydocument incorporated by reference is identified by a parenthetical reference to the SECfiling that included such document.

Exhibit    No.Description31Certification of President    and CFO pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act pursuant to Section    302 of the Sarbanes-Oxley Act of 2002.32Certification of President    and CFO pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the    Sarbanes-Oxley Act of 2002.
SIGNATURES

Pursuant to therequirements of the Securities Exchange Act of 1934, this report has been signed below bythe following persons on behalf of the registrant and in the capacities and on the dateindicated.

/s/ RichardRubinRichard Rubin   *CEO, CFO and Chairman**   Dated: July 1, 2013***** |