UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

                                   (Mark One)

|X|  Annual Report  Pursuant to Section 13 or 15(d) of the  Securities  Exchange
     Act of 1934

     For the Fiscal Year ended December 31, 2006

[_]  Transition  Report  Pursuant  to  Section  13 or  15(d)  of the  Securities
     Exchange Act of 1934

     For the transition period from _______________ to _______________

     Commission File Number 000-25991 _____________

                        Commission File Number: 33-126031

                             Robcor Properties, Inc.
        (Exact name of small business issuer as specified in its charter)

         Florida                                                20-3215854
(State of incorporation)                                (IRS Employer ID Number)

                    12890 Hilltop Road, Argyle, Texas, 76226
                    ----------------------------------------
                    (Address of principal executive offices)

                                 (972) 233-0300
                                 --------------
                           (Issuer's telephone number)


         Securities registered under Section 12(b) of the Exchange Act:

                                                      Name of Each Exchange
     Title of Each Class                               on Which Registered
     -------------------                               -------------------
                                      None

         Securities Registered under Section 12(g) of the Exchange Act:

                           Common Stock, no par value
                          Preferred Stock, no par value
                                (Title of class)

                                                                               1
<PAGE>

Check whether  issuer is not required to file reports  pursuant to Section 13 or
15(d) of the Exchange Act: [ ]

--------------------------------------------------------------------------------

     Check  whether  the issuer:  (1) filed all reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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 |X| No [ ]

     Check if there is no disclosure  of  delinquent  filers in response to Item
405 of Regulation S-B is not contained in this form,  and no disclosure  will be
contained,  to the best of the  registrant's  knowledge,  in definitive proxy of
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB: [ ]

     Indicate  by check mark  whether  the  registrant  is a shell  company  (as
defined in Rule 12b-2 of the Exchange Act): Yes [X] No [ ]

The issuer's revenues for the fiscal year ended December 31, 2006 were $98,652.

The  aggregate  market  value of voting and  non-voting  common  equity  held by
non-affiliates as of February 23, 2007 was approximately $178,500,  based on the
closing price of $3.50 per share of common stock on February 22, 2007.

As of February 22, 2007,  there were 2,541,000 shares of Common Stock issued and
outstanding.

Transitional Small Business Disclosure Format: Yes [ ] No [X]

                       DOCUMENTS INCORPORATED BY REFERENCE

None.












                                                                               2
<PAGE>

                             Robcor Properties, Inc.

                                Index to Contents

                                                                     Page Number
                                                                     -----------
Part I

Item 1   Description of Business                                               4
Item 2   Description of Property                                              13
Item 3   Legal Proceedings                                                    13
Item 4   Submission of Matters to a Vote of Security Holders                  14

Part II

Item 5   Market for Company's Common Equity, Related Stockholders Matters
           and Small Business Issuer Purchasers of Equity Securities          14
Item 6   Management's Discussion and Analysis or Plan of Operation            17
Item 7   Financial Statements                                                 20
Item 8   Changes in and Disagreements with Accountants
           on Accounting and Financial Disclosure                             20
Item 8A  Controls and Procedures                                              20
Item 8B  Other Information                                                    21

Part III

Item 9   Directors, Executive Officers, Promoters and Control Persons;
         Compliance with Section 16(a) of the Exchange Act                    21
Item 10  Executive Compensation                                               25
Item 11  Security Ownership of Certain Beneficial Owners and Management
           and Related Stockholder Matters                                    26
Item 12  Certain Relationships and Related Transactions and Director
           Independence                                                       28
Item 13  Exhibits                                                             28
Item 14  Principal Accountant Fees and Services                               29

Signatures                                                                    30
Exhibits





                                                                               3
<PAGE>

                  Caution Regarding Forward-Looking Information
                  ---------------------------------------------

Certain  statements  contained  in  this  annual  filing,   including,   without
limitation, statements containing the words "believes", "anticipates", "expects"
and  words  of  similar  import,  constitute  forward-looking  statements.  Such
forward-looking  statements  involve known and unknown risks,  uncertainties and
other factors that may cause the actual results,  performance or achievements of
the Company,  or industry  results,  to be materially  different from any future
results,   performance   or   achievements   expressed   or   implied   by  such
forward-looking statements.

Such factors include, among others, the following:  international,  national and
local general economic and market conditions:  demographic  changes; the ability
of the Company to sustain,  manage or  forecast  its growth;  the ability of the
Company to successfully  make and integrate  acquisitions;  existing  government
regulations  and  changes  in,  or  the  failure  to  comply  with,   government
regulations;  adverse  publicity;  competition;  fluctuations  and difficulty in
forecasting  operating  results;  changes in business  strategy  or  development
plans;  business  disruptions;  the  ability  to attract  and  retain  qualified
personnel; and other factors referenced in this and previous filings.

Given  these  uncertainties,  readers  of this Form  10-KSB  and  investors  are
cautioned not to place undue reliance on such  forward-looking  statements.  The
Company  disclaims  any  obligation  to update any such  factors or to  publicly
announce the result of any  revisions to any of the  forward-looking  statements
contained herein to reflect future events or developments.


                                     PART I

Item 1 - Description of Business

General
-------

Robcor Properties, Inc. was organized on May 6, 2005 as a Florida corporation to
acquire all the interests of Robcor,  LLC, a Kentucky limited liability company,
through an exchange of our shares for member  interests in Robcor,  LLC. Robcor,
LLC is now our wholly-owned  subsidiary.  Through Robcor, LLC, we own two pieces
of property,  the IMM Building,  261 - 289 Bluesky  Parkway,  Lexington,  KY and
Skilton Paving & Construction building at 293 - 301 Bluesky Parkway,  Lexington,
KY.  Our  current  business  plan is to  continue  to own and  operate  our real
property  interests  while also seeking to identify a  privately-held  operating
company  desiring to become a publicly held company by merging with us through a
reverse merger or acquisition.  Our principal office is located at 12890 Hilltop
Road, Argyle, TX 76226, and our telephone number is (972) 233-0300.


                                                                               4
<PAGE>

History
-------

Robcor  Properties,  Inc. referred to herein as "Robcor",  "we", "us" and "our",
was  organized  on May 6,  2005 as a  Florida  corporation  to  acquire  all the
interests  of Robcor,  LLC,  a Kentucky  limited  liability  company  through an
exchange of our shares for member interests in Robcor,  LLC. Through Robcor, LLC
we are engaged in the ownership and leasing of industrial buildings. Robcor, LLC
owns two  industrial  pieces of property,  the IMM  Building,  261 - 289 Bluesky
Parkway,  Lexington,  KY and Skilton Paving &Construction  building at 293 - 301
Bluesky Parkway, Lexington KY.

On May 9, 2006,  Michael  Heitz  entered into a Stock  Purchase  Agreement  with
Halter Financial Investments,  L.P., a Texas limited partnership,  also referred
to herein as HFI, pursuant to which Heitz sold 1,290,000 shares of the Company's
common capital stock, no par value, to HFI for a purchase price of $500,000.

Also on May 9, 2006,  HFI, Mr.  Heitz and the Company  entered into a Put Option
Agreement  providing  that Heitz may require HFI to purchase up to 50,000 shares
of the common  capital stock of the Company at a price per share of $3.00 at any
time  during the period of time  commencing  January  2007 and ending six months
after the Company's  completion of a  transaction  whereby the Company  acquires
operating  control,  or  substantially  all of the assets,  of a privately  held
corporation  generating revenues as reported in financial  statements audited in
conformity with accounting  practices generally accepted in the United States (a
"Going  Public  Transaction").  In addition,  under the terms of the  agreement,
Heitz must deliver to the Company 1,150,000 shares of the Company's common stock
in exchange for the Company's  membership  interest in Robcor,  LLC simultaneous
with the closing of a Going Public Transaction.

In July 2006 we effected a 1 for 10 share reverse split of our common stock. All
share numbers in this Annual Report have been adjusted to reflect that split.

As a result of the May 2006  change in control  transaction,  Timothy P.  Halter
became President,  Chief Accounting  Officer and the sole member of the Board of
Directors. Mr. Halter is also Chairman and principal partner of HFI.

Business Plan
-------------

Our current business plan is to maintain our current real property assets and to
seek to  identify  a  privately-held  operating  company  desiring  to  become a
publicly  held  company  by  combining  with us  through  a  reverse  merger  or
acquisition  type  transaction,  at which time we will  exchange our real estate
assets  operated  by our  wholly-owned  subsidiary  Robcor LLC for common  stock
pursuant to an agreement with our former president Michael Heitz.


                                                                               5
<PAGE>

We intend to seek opportunities  demonstrating the potential of long-term growth
as opposed to short-term earnings. At the present time, we have not entered into
a definitive agreement with any party concerning an acquisition or merger.

Timothy P. Halter, our sole officer and director,  will be primarily responsible
for investigating combination  opportunities.  However, we believe that business
opportunities  may also come to our attention  from various  sources,  including
HFG,  professional  advisors  such as  attorneys,  and  accountants,  securities
broker-dealers,  venture capitalists,  members of the financial  community,  and
others who may present unsolicited proposals.

Although  discussions  regarding the  possibility of a combination are currently
ongoing,  we can give no  assurances  that we will be  successful  in finding or
acquiring  a  desirable  business  opportunity.  Furthermore,  we  can  give  no
assurances  that  any  acquisition,  if it  occurs,  will be on  terms  that are
favorable to us or our current stockholders.

Any entity  which has an interest in being  acquired  by, or merging into us, is
expected to be an entity that desires to become a public company and establish a
public trading market for its  securities.  In connection  with such a merger or
acquisition,  it is  anticipated  that an amount of  common  stock  constituting
control of us would be issued by us.

Investigation and Selection of Business Opportunities
-----------------------------------------------------

Certain  types of business  acquisition  transactions  may be completed  without
requiring  us to first  submit the  transaction  to our  stockholders  for their
approval.  If the  proposed  transaction  is  structured  in such a fashion  our
stockholders (other than HFI our majority stockholder) will not be provided with
financial or other information relating to the candidate prior to the completion
of the transaction.

If a proposed  business  combination  or  business  acquisition  transaction  is
structured  that  requires  our  stockholder  approval,  and we are a  reporting
company,  we will be required to provide our  stockholders  with  information as
applicable under Regulations 14A and 14C under the Exchange Act.

The  analysis  of  business  opportunities  will be  undertaken  by or under the
supervision of Timothy P. Halter, our president and sole director.  In analyzing
potential merger candidates,  our management will consider,  among other things,
the following factors:

     *    Potential for future earnings and appreciation of value of securities;
     *    Perception of how any particular business opportunity will be received
          by the investment community and by our stockholders;


                                                                               6
<PAGE>

     *    Eligibility  of a candidate,  following the business  combination,  to
          qualify  its  securities  for  listing on a national  exchange or on a
          national automated securities quotation system, such as NASDAQ;
     *    Historical results of operation;
     *    Liquidity and availability of capital resources;
     *    Competitive  position as compared to other  companies  of similar size
          and  experience  within  the  industry  segment  as well as within the
          industry as a whole;
     *    Strength and diversity of existing management or management  prospects
          that are scheduled for recruitment;
     *    Amount of debt and contingent liabilities; and
     *    The  products  and/or  services and  marketing  concepts of the target
          company.

There is no  single  factor  that  will be  controlling  in the  selection  of a
business  opportunity.  Our  management  will  attempt  to analyze  all  factors
appropriate to each  opportunity and make a determination  based upon reasonable
investigative  measures  and  available  data.  Potentially  available  business
opportunities  may occur in many  different  industries and at various stages of
development,  all of which will make the task of comparative  investigation  and
analysis of such business opportunities extremely difficult and complex. Because
of our limited  capital  available for  investigation  and our dependence on one
person,  Timothy P. Halter,  we may not discover or adequately  evaluate adverse
facts about the business opportunity to be acquired.

We believe that  various  types of  potential  candidates  might find a business
combination  with us to be  attractive.  These  include  candidates  desiring to
create a public market for their  securities  in order to enhance  liquidity for
current stockholders,  candidates which have long-term plans for raising capital
through  public sale of  securities  and believe  that the prior  existence of a
public market for their  securities  would be beneficial,  and candidates  which
plan to acquire additional assets through issuance of securities rather than for
cash, and believe that the  development of a public market for their  securities
will be of  assistance  in that  process.  Companies,  which  have a need for an
immediate cash infusion, are not likely to find a potential business combination
with us to be a prudent business transaction alternative.

Properties Operated by Robcor, LLC
----------------------------------

The IMM Building
----------------

This property is an  office/warehouse  containing 19,418 square feet of building
area.  According to the Fayette County Property  Valuation  Administration,  the
building was built in 1977. An addition was constructed in the 1990's.  However,
significant  renovation  occurred in 2003 with new  ceilings in the office area,
new lighting,  updated bathrooms, new painting, and new heat and cooling for the
warehouse area.

Robcor, LLC purchased the property from BFI Waste Systems of North America, Inc.
on March 28, 2003, for a stated consideration of $525,000.


                                                                               7
<PAGE>

This  property is currently  leased to  Industrial  Machinery  Services,  LLC, a
Kentucky  limited  liability  company.  The  lease  is  for a term  of 5  years,
commencing September 1, 2004. The monthly rental is $3,500. There are no renewal
provisions. The tenant has a right of first refusal to purchase the premises for
a price of  $800,000 if we intend to sell the  property  on or before  September
2009.

This property is currently subject to a mortgage with Community Trust Bank, Inc.
in the original  principal  amount of $410,700.  The mortgage  note provides for
monthly  payments of principal  and  interest in the amount of $2,544,  adjusted
monthly based upon the prime rate as defined in the mortgage note, not to exceed
6.25% per annum.  The  monthly  payments  are based upon a 20 year  amortization
period.  All unpaid principal and interest is due January 28, 2009. The mortgage
note is personally guaranteed by our executive vice president Mike Heitz and his
wife Viola Heitz.

The Skilton Paving & Construction Building
------------------------------------------

This building is an  office/warehouse  containing 17,141 square feet of building
area.  According to the Fayette County Property  Valuation  Administration,  the
building was built in 1977.  Robcor,  LLC  purchased  the property  from Skilton
Paving & Construction Company, Inc. on March 9, 2006, for a stated consideration
of $504,000.

This  property  is  currently  leased to Skilton  Construction,  LLC, a Kentucky
limited  liability  company,  and  GKT  Enterprises,  LLC,  a  Kentucky  limited
liability company.  The lease is for a term of 3 years commencing March 9, 2006.
The  monthly  rent is based  upon  the  prime  lending  rate as  established  by
Community  Trust Bank in Lexington KY on the  twenty-fifth  day of the preceding
month.  Commencing  rent is based upon a rate of 5.25% at which the monthly rent
is $4,500.  For each one-quarter  point increase in the rate, the rent increases
$75 per  month.  For each  one-quarter  point  decrease  in the  rate,  the rent
decreases  $75 per month.  However,  the  monthly  rent shall never be less than
$4,500 or more than $4,800.  The tenant has a right of first refusal to purchase
the premises upon the same terms and conditions as contained in a bonafide offer
received  by us.  Tenant  has 10 days from  notice to  exercise  this  right and
closing  must occur  within 60 days of tenant's  notice of intention to exercise
this right.

This  property is currently  subject to a mortgage  with Republic Bank and Trust
Company in the original principal amount of $477,000. The mortgage note provides
for  monthly  payments  of  principal  and  interest  in the  amount of  $3,698,
consisting of interest,  computed at 7% of the outstanding  balance. The monthly
payments are based upon a 20 year amortization  period. All unpaid principal and
interest is due August 18, 2016.  The mortgage note is personally  guaranteed by
our executive vice president Mike Heitz and his wife Viola Heitz.


                                                                               8
<PAGE>

Employees
---------

We currently  have no  employees.  Our  management  expects to use  consultants,
attorneys and accountants as necessary, and does not anticipate a need to engage
any  full-time  employees  so  long as it is  seeking  and  evaluating  business
opportunities.  The need for employees and their  availability will be addressed
in  connection  with the decision  whether or not to acquire or  participate  in
specific business opportunities.

Risk Factors
------------

Our  business  and plan of  operation  is  subject  to  numerous  risk  factors,
including, but not limited to, the following:

There Is No Agreement for a Business Combination and No Minimum Requirements for
a Business Combination
     There can be no assurance  that we will be  successful in  identifying  and
     evaluating  suitable  business  opportunities  or in  concluding a business
     combination.  There is no  assurance  that we will be able to  negotiate  a
     business combination on terms favorable to us.

We Cannot Assure You That Our Business Will Achieve Success or Profitability
     There  is  no  assurance   that  we  will  acquire  a  favorable   business
     opportunity.  Even if we should become involved in a business  opportunity,
     there is no assurance  that it will generate  revenues or profits,  or that
     the market price of our outstanding shares will be increased thereby.

We Are Uncertain as to What Type of Business We Will Acquire.
     The  business to be  acquired  may wish to avoid  effecting  its own public
     offering and the accompanying expense,  delays, and uncertainties.  Because
     of our limited capital,  it is more likely than not that any acquisition by
     us will involve other parties whose primary  interest is the acquisition of
     control of a publicly traded company.  Moreover,  any business  opportunity
     acquired may be currently unprofitable or present other negative factors.


Our Success Is Dependent Upon Our Current  Management  Our Management  Currently
Has Minimal Participation In Our Business Affairs.
     Because  management  consists of only two  persons,  we do not benefit from
     multiple  judgments  that a greater  number of directors or officers  would
     provide,  and we will rely  completely  on the judgment of our two officers
     and sole director when selecting a target company.  Mr. Halter  anticipates
     devoting  only a  limited  amount of time per  month to our  business.  Mr.
     Halter has not entered into a written  employment  agreement with us and he
     is not  expected  to do so.  We do not  anticipate  obtaining  key man life


                                                                               9
<PAGE>

     insurance  on Mr.  Halter.  The loss of the  services of Mr.  Halter  would
     adversely  affect  development  of  our  business  and  our  likelihood  of
     continuing operations.

Because Our Management Deal In Other Businesses, Conflicts of Interest May Arise
Which May Cause Our Management To Make Decisions Adverse To Our Interests.
     Our management has other business  interests to which they currently devote
     attention, and are expected to continue to do so. As a result, conflicts of
     interest  may arise that can be resolved  only  through  their  exercise of
     judgment in a manner which is consistent with their fiduciary duties to us.

We Depend On The Assistance Of Outside Advisors.
     To supplement the business  experience of our officer and director,  we may
     be  required  to  employ   accountants,   technical  experts,   appraisers,
     attorneys,  or other  consultants  or advisors.  The  selection of any such
     advisors  will be made by our officer,  without any input by  stockholders.
     Furthermore,  it is  anticipated  that such persons may be engaged on an as
     needed basis without a continuing  fiduciary or other  obligation to us. In
     the event our officer considers it necessary to hire outside  advisors,  he
     may elect to hire persons who are affiliates,  if those affiliates are able
     to provide the required services.

Our Common Stock May Be Considered A "Penny Stock" And May Be Difficult To Sell.
     The U. S. Securities and Exchange  Commission (SEC) has adopted a number of
     rules to regulate  "penny stocks." Such rules include Rule 3a51-1 and Rules
     15g-1 through 15g-9 under the Securities  Exchange Act of 1934, as amended.
     Because the securities of the Company may constitute  "penny stocks" within
     the meaning of the rules (as any equity security that has a market price of
     less than $5.00 per share or with an exercise  price of less than $5.00 per
     share,  largely traded in the National  Association of Securities  Dealers'
     (NASD) OTC Bulletin  Board or the "Pink  Sheets",  the rules would apply to
     the Company and to its  securities.  The  Commission has adopted Rule 15g-9
     which  established  sales  practice  requirements  for  certain  low  price
     securities.  Unless the  transaction is exempt,  it shall be unlawful for a
     broker or dealer to sell a penny  stock to, or to effect the  purchase of a
     penny stock by, any person unless prior to the transaction:  (I) the broker
     or dealer has approved the person's account for transactions in penny stock
     pursuant to this rule and (ii) the broker or dealer has  received  from the
     person a written  agreement to the  transaction  setting forth the identity
     and  quantity  of the penny  stock to be  purchased.  In order to approve a
     person's  account for  transactions  in penny  stock,  the broker or dealer
     must:  (a)  obtain  from the person  information  concerning  the  person's
     financial situation,  investment experience, and investment objectives; (b)
     reasonably determine that transactions in penny stock are suitable for that
     person,  and that the person has  sufficient  knowledge  and  experience in
     financial  matters that the person reasonably may be expected to be capable
     of evaluating the risks of transactions in penny stock;  (c) deliver to the
     person a written  statement  setting forth the basis on which the broker or


                                                                              10
<PAGE>

     dealer made the determination  (I) stating in a highlighted  format that it
     is unlawful for the broker or dealer to affect a transaction in penny stock
     unless the  broker or dealer  has  received,  prior to the  transaction,  a
     written agreement to the transaction from the person; and (ii) stating in a
     highlighted format  immediately  preceding the customer signature line that
     (iii) the  broker or dealer is  required  to provide  the  person  with the
     written  statement;  and (iv) the  person  should  not sign and  return the
     written statement to the broker or dealer if it does not accurately reflect
     the person's financial  situation,  investment  experience,  and investment
     objectives;  and (d)  receive  from the person a manually  signed and dated
     copy of the written statement.  It is also required that disclosure be made
     as to the risks of investing in penny stock and the commissions  payable to
     the broker-dealer, as well as current price quotations and the remedies and
     rights available in cases of fraud in penny stock transactions. Statements,
     on a monthly basis,  must be sent to the investor listing recent prices for
     the Penny Stock and information on the limited market.  Stockholders should
     be aware that,  according to Securities and Exchange Commission Release No.
     34-29093,  the market for penny  stocks has  suffered in recent  years from
     patterns  of fraud and abuse.  Such  patterns  include  (I)  control of the
     market  for the  security  by one or a few  broker-dealers  that are  often
     related to the  promoter or issuer;  (ii)  manipulation  of prices  through
     prearranged  matching of purchases and sales and false and misleading press
     releases;  (iii)  "boiler room"  practices  involving  high-pressure  sales
     tactics and unrealistic price  projections by inexperienced  sales persons;
     (iv) excessive and undisclosed bid-ask  differential and markups by selling
     broker-dealers;  and (v) the  wholesale  dumping of the same  securities by
     promoters  and broker  dealers  after  prices  have been  manipulated  to a
     desired level, along with the resulting inevitable collapse of those prices
     and with consequent  investor losses. Our management is aware of the abuses
     that have occurred  historically in the penny stock market.  Although we do
     not expect to be in a position to dictate the  behavior of the market or of
     broker-dealers who participate in the market, management will strive within
     the confines of practical  limitations  to prevent the  described  patterns
     from being established with respect to our securities.

There  May  Be  a  Scarcity  of  and/or  Significant  Competition  for  Business
Opportunities and Combinations
     We are and will continue to be an insignificant participant in the business
     of seeking  mergers with and  acquisitions  of business  entities.  A large
     number of established and well-financed entities, including venture capital
     firms,  are active in mergers and  acquisitions  of companies  which may be
     merger or  acquisition  target  candidates for us. Nearly all such entities
     have significantly  greater financial  resources,  technical  expertise and
     managerial  capabilities  than  us  and,  consequently,  we  will  be  at a
     competitive disadvantage in identifying possible business opportunities and
     successfully  completing  a business  combination.  Moreover,  we will also
     compete in seeking merger or acquisition candidates with other public shell
     companies,  some of  which  may also  have  funds  available  for use by an
     acquisition candidate.


                                                                              11
<PAGE>

Because We Are a Public Company,  Reporting  Requirements  May Delay or Preclude
Acquisition.
     Pursuant  to the  requirements  of Section 13 of the  Exchange  Act, we are
     required to provide  certain  information  about  significant  acquisitions
     including audited financial  statements of the acquired company.  Obtaining
     audited financial statements are the economic  responsibility of the target
     company.  The  additional  time  and  costs  that may be  incurred  by some
     potential  target  companies  to  prepare  such  financial  statements  may
     significantly  delay or essentially  preclude  consummation of an otherwise
     desirable  acquisition by us. Acquisition prospects that do not have or are
     unable to obtain the required audited statements may not be appropriate for
     acquisition so long as the reporting  requirements  of the Exchange Act are
     applicable.  Notwithstanding a target company's agreement to obtain audited
     financial   statements   within  the  required  time  frame,  such  audited
     financials  may not be  available to us at the time of effecting a business
     combination.  In cases where audited  financials are  unavailable,  we will
     have to rely  upon  unaudited  information  that has not been  verified  by
     outside auditors in making its decision to engage in a transaction with the
     business  entity.   This  risk  increases  the  prospect  that  a  business
     combination  with such a business  entity might prove to be an  unfavorable
     one for us.

There Exists a Lack of Market Research or Marketing Organization On Our Company.
     We have neither  conducted,  nor have others made  available to us,  market
     research indicating that demand exists for the transactions contemplated by
     us. In the event demand exists for a transaction  of the type  contemplated
     by us, there is no assurance we will be successful  in completing  any such
     business combination.

There Will  Likely Be A Change in Control Of Us And Our  Management  In the Near
Future.
     In conjunction with completion of a business acquisition, it is anticipated
     that we will issue an amount of our  authorized  but unissued  common stock
     that represents the greater  majority of the voting power and equity of us,
     which will, in all  likelihood,  result in stockholders of a target company
     obtaining a  controlling  interest in us. The  resulting  change in control
     will likely result in the removal of our present  officers and director and
     a corresponding  reduction in or elimination of their  participation in our
     future affairs.

Our Stockholders  May Possibly Face a Possible  Dilution of Value of Shares Upon
the Consummation of a Business Combination
     A business  combination normally will involve the issuance of a significant
     number  of  additional  shares.  Depending  upon the  value  of the  assets
     acquired in such  business  combination,  the per share value of our common
     stock may increase or decrease, perhaps significantly.

No Public Market Exists For Our Common Stock.
     There is currently no developed  public market for our common stock, and no
     assurance  can be given that a market  will  develop or that a  stockholder
     ever will be able to liquidate his investment without  considerable  delay,


                                                                              12
<PAGE>

     if at all. If a market should  develop,  the price may be highly  volatile.
     Factors such as those  discussed in this "Risk Factors"  section may have a
     significant  impact upon the market price of the securities offered hereby.
     Owing to the low price of the  securities,  many brokerage firms may not be
     willing to effect transactions in the securities. Even if a purchaser finds
     a broker  willing  to  effect  a  transaction  in  theses  securities,  the
     combination of brokerage commissions, state transfer taxes, if any, and any
     other selling costs may exceed the sales proceeds.

Federal  And  State  Tax  Consequences   Will,  In  All  Likelihood,   Be  Major
Considerations In Any Business Combination That We May Undertake.
     Currently,  such transactions may be structured so as to result in tax-free
     treatment  to both  companies,  pursuant  to various  federal and state tax
     provisions.  We intend  to  structure  any  business  combination  so as to
     minimize the federal and state tax  consequences  to both us and the target
     entity;  however,  there can be no assurance that such business combination
     will meet the statutory  requirements of a tax-free  reorganization or that
     the parties will obtain the intended tax-free  treatment upon a transfer of
     stock or  assets.  A  non-qualifying  reorganization  could  result  in the
     imposition  of both  federal  and state  taxes,  which may have an  adverse
     effect on both parties to the transaction.



Item 2 - Description of Property

We currently maintain mailing addresses at 3505 Castlegate Court,  Lexington, KY
40502-  telephone  (859) 268-6264 and 12890 Hilltop Road,  Argyle,  Texas 76226-
telephone  (972)  233-0300.  Other  than  these  mailing  addresses,  we do  not
currently maintain any other office facilities, and does not anticipate the need
for maintaining office facilities at any time in the foreseeable  future. We pay
no rent or other fees for the use of the mailing  addresses as these offices are
used virtually  full-time by other businesses of our management.  Because of the
state of our business,  we believe that our current properties are sufficient to
satisfy our needs.

It is likely  that we will not  establish  an office  until it has  completed  a
business  acquisition  transaction,  but  it is not  possible  to  predict  what
arrangements will actually be made with respect to future office facilities.


Item 3 - Legal Proceedings

We are not a party to any pending legal proceedings, and no such proceedings are
known to be contemplated.


                                                                              13
<PAGE>

Item 4 - Submission of Matters to a Vote of Security Holders

We have not conducted any meetings of stockholders  during the preceding quarter
or periods subsequent thereto.

                                    PART II

Item 5 - Market for Company's  Common Equity,  Related  Stockholder  Matters and
         Small Business Issuer Purchases of Equity Securities.

Holders
-------

As of December  31, 2006,  there were a total of 2,541,000  shares of our common
stock and 0 shares of our preferred stock outstanding. Our common stock was held
by approximately 43 stockholders of record.

Common Stock
------------

Our authorized capital stock consists of 1 billion shares of common stock and 20
million  shares of  preferred  stock.  Each  share of common  stock  entitles  a
stockholder to one vote on all matters upon which  stockholders are permitted to
vote. No stockholder has any preemptive right or other similar right to purchase
or subscribe for any additional  securities issued by us, and no stockholder has
any right to convert the common stock into other securities. No shares of common
stock  are  subject  to  redemption  or any  sinking  fund  provisions.  All the
outstanding  shares  of our  common  stock are  fully  paid and  non-assessable.
Subject  to the  rights of the  holders  of the  preferred  stock,  if any,  our
stockholders  of common stock are entitled to dividends when, as and if declared
by our board from funds legally available therefore and, upon liquidation,  to a
pro-rata  share  in any  distribution  to  stockholders.  We do  not  anticipate
declaring or paying any cash  dividends  on our common stock in the  foreseeable
future.

Pursuant to our Articles of Incorporation,  our board has the authority, without
further  stockholder  approval,  to provide for the issuance of up to 20 million
shares  of our  preferred  stock  in one or more  series  and to  determine  the
dividend  rights,   conversion  rights,   voting  rights,  rights  in  terms  of
redemption,  liquidation preferences, the number of shares constituting any such
series and the  designation  of such  series.  Our board has the power to afford
preferences,  powers and rights  (including voting rights) to the holders of any
preferred stock  preferences,  such rights and  preferences  being senior to the
rights  of  holders  of common  stock.  No  shares  of our  preferred  stock are
currently outstanding. Although we have no present intention to issue any shares
of preferred  stock,  the issuance of shares of preferred stock, or the issuance
of rights to purchase such shares, may have the effect of delaying, deferring or
preventing a change in control of our company.


                                                                              14
<PAGE>

Provisions Having A Possible Anti-Takeover Effect
-------------------------------------------------

Our Articles of  Incorporation  and Bylaws contain  certain  provisions that are
intended  to  enhance  the   likelihood  of  continuity  and  stability  in  the
composition  of our board  and in the  policies  formulated  by our board and to
discourage  certain  types of  transactions  which  may  involve  an  actual  or
threatened change of our control. Our board is authorized to adopt, alter, amend
and repeal our Bylaws or to adopt new  Bylaws.  In  addition,  our board has the
authority, without further action by our stockholders, to issue up to 20 million
shares  of our  preferred  stock in one or more  series  and to fix the  rights,
preferences,  privileges and restrictions  thereof The issuance of our preferred
stock or  additional  shares of common stock could  adversely  affect the voting
power of the  holders of common  stock and could  have the  effect of  delaying,
deferring or preventing a change in our control.

Market for Trading and Eligibility for Future Sale

Our common  stock is quoted under the symbol  "RBCR.OB" on the  Over-the-Counter
Bulletin Board  maintained by the National  Association  of Securities  Dealers,
Inc. Our common stock became eligible for trading in late 2005; however, trading
did not commence until February 2006.

The following table sets forth, for the periods indicated,  the high and low bid
prices of our common stock. These prices reflect  inter-dealer  prices,  without
retail  mark-up,   mark-down  or  commission,   and  may  not  represent  actual
transactions. These prices are adjusted to reflect the 1 for 10 reverse split of
our common stock that occurred in July 2006.

                                                   Closing Bid Prices (1)
                                              High                        Low

     Year Ended December 31, 2006
     1st Quarter                              $2.60                      $1.70
     2nd Quarter                              $3.00                      $1.01
     3rd Quarter                              $1.80                      $1.80
     4th Quarter                              $4.00                      $3.00

------------------------
(1) The above  tables set forth the range of high and low closing bid prices per
share of our common  stock as  reported  by  www.quotemedia.com  for the periods
indicated. Quotations reflect inter-dealer prices, without mark-up, mark-down or
commission and may not represent actual transactions.


                                                                              15
<PAGE>

Restricted Securities

We currently have 2,490,000  restricted shares as defined in Rule 144. We do not
intend  to  issue  any  securities   prior  to  consummating  a  reverse  merger
transaction. The securities we issue in a merger transaction will most likely be
restricted securities.

Generally,  restricted  securities  can be resold  under Rule 144 once they have
been held for at least one year,  provided  that the  securities  satisfies  the
current  public  information  requirements  of the Rule;  no more than 1% of the
outstanding  securities  of the issuer are sold in any three month  period;  the
seller does not arrange or solicit the solicitation of buyers for the securities
in anticipation of or in connection with the sale transactions and does not make
any payment to anyone in connection with the sale transactions except the broker
dealer who executes the trade or trades in the  securities;  the shares are sold
in broker's  transactions  only;  the seller files a Notice on Form 144 with the
Securities and Exchange  Commission at or prior to the sales  transactions;  and
the seller has a bona fide  intent to sell the  securities  within a  reasonable
time of the  filing.  Once two years  have  lapsed,  assuming  the holder of the
securities  is not an  affiliate  of the  issuer,  unlimited  sales  can be made
without further compliance with the terms and provisions of Rule 144.

Dividends

We  have a  history  of not  declaring  dividends.  Any  future  declaration  of
dividends will be contingent upon our revenues and earnings, if any, and capital
requirements and financial conditions. The payment of dividends, if any, will be
within the  discretion  of the our Board of  Directors.  We presently  intend to
retain all earnings,  if any, and  accordingly  the Board of Directors  does not
anticipate declaring any dividends prior to a business combination.

Transfer Agent

Our independent stock transfer agent is Securities Transfer  Corporation.  Their
address is 2591 Dallas Parkway,  Suite 102, Frisco,  Texas 75034.  Their contact
numbers  are  (469)  633-0101  for  voice  calls  and  (469)  633-0088  for  fax
transmissions. Their website is located at www.stctransfer.com.

Reports to Stockholders

We intend to remain compliant with our obligations under the Securities Exchange
Act of 1934, as amended,  and, therefore,  plan to furnish our stockholders with
an annual report for each fiscal year ending  December 31  containing  financial
statements audited by its registered  independent public accounting firm. In the
event we enter into a  business  combination  with  another  company,  it is the
present  intention  of  management  to  continue  furnishing  annual  reports to
stockholders.  Additionally,  we may, in our sole  discretion,  issue  unaudited


                                                                              16
<PAGE>

quarterly  or  other  interim  reports  to  its   stockholders   when  it  deems
appropriate.  We intend  to  maintain  compliance  with the  periodic  reporting
requirements of the Securities Exchange Act of 1934.

Item 6 - Management's Discussion and Analysis or Plan of Operation

(1) Caution Regarding Forward-Looking Information

Certain  statements  contained  in  this  annual  filing,   including,   without
limitation, statements containing the words "believes", "anticipates", "expects"
and  words  of  similar  import,  constitute  forward-looking  statements.  Such
forward-looking  statements  involve known and unknown risks,  uncertainties and
other  factors  that  may  cause  the  actual   results,   our   performance  or
achievements,  or industry results,  to be materially  different from any future
results,   performance   or   achievements   expressed   or   implied   by  such
forward-looking statements.

Such factors include, among others, the following:  international,  national and
local general economic and market conditions:  demographic  changes; our ability
to sustain,  manage or forecast its growth; our ability to successfully make and
integrate  acquisitions;  existing government regulations and changes in, or the
failure to comply with, government regulations; adverse publicity;  competition;
fluctuations  and  difficulty  in  forecasting  operating  results;  changes  in
business strategy or development  plans;  business  disruptions;  the ability to
attract and retain qualified personnel; and other factors referenced in this and
previous filings.

Given  these  uncertainties,  readers  of this Form  10-KSB  and  investors  are
cautioned not to place undue  reliance on such  forward-looking  statements.  We
disclaim any  obligation to update any such factors or to publicly  announce the
result  of any  revisions  to any of the  forward-looking  statements  contained
herein to reflect future events or developments.

(2) General

Robcor was organized on May 6, 2005 as a Florida  corporation to acquire all the
interests  of Robcor,  LLC,  a Kentucky  limited  liability  company  through an
exchange of our shares for member interests in Robcor,  LLC. Through Robcor, LLC
we are engaged in the ownership and leasing of industrial buildings. Robcor, LLC
owns two  industrial  pieces of property,  the IMM  Building,  261 - 289 Bluesky
Parkway,  Lexington,  KY and Skilton Paving &Construction  building at 293 - 301
Bluesky Parkway, Lexington KY.

On May 9, 2006,  Michael Heitz entered into a Stock Purchase  Agreement with HFI
pursuant to which Heitz sold  1,290,000  shares of the Company's  common capital
stock, no par value, to HFI for a purchase price of $500,000.


                                                                              17
<PAGE>

Also on May 9,  2006,  HFI,  Mr.  Heitz and  Robcor  entered  into a Put  Option
Agreement  providing  that Heitz may require HFI to purchase up to 50,000 shares
of the common  capital stock of the Company at a price per share of $3.00 at any
time  during the period of time  commencing  January  2007 and ending six months
after our completion of a transaction  whereby we acquire operating control,  or
substantially  all of the assets,  of a privately  held  corporation  generating
revenues  as  reported  in  financial  statements  audited  in  conformity  with
accounting  practices  generally  accepted in the United States (a "Going Public
Transaction"). In addition, under the terms of the agreement, Heitz must deliver
to us  1,150,000  shares of our  common  stock in  exchange  for our  membership
interest  in  Robcor,  LLC  simultaneous  with  the  closing  of a going  public
transaction.

In July 2006 we effected a 1 for 10 share reverse split of our common stock. All
share numbers in this Annual Report have been adjusted to reflect that split.

As a result of the May 2006  change in control  transaction,  Timothy P.  Halter
became President,  Chief Accounting  Officer and the sole member of our Board of
Directors. Mr. Halter is also Chairman and principal partner of HFI.


(3) Results of Operations

December 31, 2006 as compared to December 31, 2005
--------------------------------------------------

For the year ended  December 31, 2006,  we had rental  income of $98,652 and for
the year ended  December 31, 2005, we had rental income of $88,305.  Our monthly
rental is fixed on the IMM Building but varies with interest rate  variations on
the  Skilton  Paving  Building.  The 12%  increase  is the result of rental rate
increase  based on an increase in the prime  lending  rate.  There are no rental
rate increases expected in fiscal 2007.

For the year ended  December 31, 2006, our general and  administrative  expenses
were  $29,982  and for the  year  ended  December  31,  2005,  our  general  and
administrative expenses were $63,484. The 53% decrease is due to the decrease of
legal and accounting expenses.

Depreciation  for the year ended  December 31, 2006 was $34,300 and for the year
ended  December  31,  2005,   depreciation  was  $31,500.  The  9%  increase  in
depreciation  is due to the fact that one  building was  purchased  in 2005.  We
anticipate depreciation to remain constant in 2007.

For the year ended December 31, 2006, we had interest expense of $60,709 and for
the year ended  December 31, 2005, we had interest  expense of $47,254.  The 28%
increase in interest  expense is due to the  outstanding  variable rate loan. We
anticipate  our  primary  expense,  interest  expense,  to stay  constant  as we
refinanced our one variable rate loan to a fixed rate in August, 2006.


                                                                              18
<PAGE>

If our leases expire and the tenants are then current in their  obligations,  we
anticipate we will renew the leases at the then prevailing  market rates. If our
leases  expire and the tenants  are not then  current in their  obligations,  we
anticipate we will secure new tenants with leases at the then prevailing  market
rates.

Liquidity and Capital Resources
-------------------------------

The IMM property is currently  subject to a mortgage with Community  Trust Bank,
Inc. in the original  principal  amount of $410,700.  The mortgage note provides
for monthly payments of principal and interest in the amount of $2,544, adjusted
monthly based upon the prime rate as defined in the mortgage note, not to exceed
6.25% per annum.  The  monthly  payments  are based upon a 20 year  amortization
period.  All unpaid principal and interest is due January 28, 2009. The mortgage
note is personally guaranteed by our executive vice president Mike Heitz and his
wife Viola Heitz.

The Skilton  Paving  property is currently  subject to a mortgage with Community
Trust Bank, Inc. in the original principal amount of $477,000. The mortgage note
provides  for  monthly  payments  of  principal  and  interest  in the amount of
$3,698.18,  consisting of interest,  computed at 7% of the outstanding  balance.
The monthly payments are based upon a 20 year  amortization  period.  All unpaid
principal  and interest is due August 18, 2016.  The mortgage note is personally
guaranteed by our executive vice president Mike Heitz and his wife Viola Heitz.

Our current monthly rental received on each property is sufficient to cover debt
service for each property plus our operating expenses.  We do not anticipate any
additional  borrowing in connection with these two properties in the future.  We
rely  upon  rental  income  to  make  payments  on  the  mortgage  debts  on the
properties.  Based upon our knowledge and  experience of the  industrial  rental
real  estate  market in  Lexington  KY in  general  and in the area in which our
properties are located specifically, we believe that the de minimus vacancy rate
for  comparable  properties in the area in which our  properties are located and
the demand for these types of rental properties in that area specifically and in
Lexington KY in general  mitigates any  concentration  of credit risk associated
with the tenants of each of our buildings. Any concentration of credit risk that
may exist is further mitigated because  ultimately the debts on these properties
are personally  guaranteed by Michael Heitz,  our Executive Vice President,  and
his wife. If the tenants do not pay rent and thereafter if Mr. Heitz is required
to make payments  under his guarantee on the related  mortgage debt and fails to
do so, the mortgage lender would have the right to foreclose on the property for
which the debt was in default.

Our need for  capital  may  change  dramatically  as a  result  of any  business
acquisition or combination  transaction.  There can be no assurance that we will
identify  any  such  business,  product,  technology  or  company  suitable  for
acquisition in the future.  Further,  there can be no assurance that we would be
successful in consummating any acquisition on favorable terms or that it will be
able to  profitably  manage  the  business,  product,  technology  or company it
acquires.


                                                                              19
<PAGE>

(4) Plan of Business

     Our current  purpose is to seek,  investigate  and,  if such  investigation
     warrants,  merge or acquire an interest in business opportunities presented
     to it by persons or  companies  who or which  desire to seek the  perceived
     advantages of a Securities Exchange Act of 1934 registered corporation.

Item 7 - Index to Financial Statements

The required financial statements begin on page F-1 of this document.

Item 8 - Changes  in  and  Disagreements  with  Accountants  on  Accounting  and
         Financial Disclosure

None.

Item 8A - Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures.


We  maintain  controls  and other  procedures  that are  designed to ensure that
information  required to be disclosed by the issuer in the reports that it files
or  submits  under  the Act (15  U.S.C.  78a et  seq.) is  recorded,  processed,
summarized and reported,  within the time periods  specified in the Commission's
rules and forms. Disclosure controls and procedures include, without limitation,
controls  and  procedures  designed  to ensure that  information  required to be
disclosed by an issuer in the reports that it files or submits  under the Act is
accumulated and communicated to the issuer's management, including its principal
executive  and  principal  financial  officers,  or persons  performing  similar
functions,   as  appropriate  to  allow  timely  decisions   regarding  required
disclosure.  At the end of the period covered by this Annual Report,  we carried
out an  evaluation,  under the  supervision  and with the  participation  of our
management,  including its Chief Executive Officer,  of the effectiveness of the
design and operation of our disclosure  controls and procedures.  Based upon the
foregoing,  our Chief Executive Officer concluded that, as of December 31, 2006,
our  disclosure  controls  and  procedures  were  effective  to ensure  that the
information  required to be disclosed in the Company's  Exchange Act reports was
recorded, processed, summarized and reported on a timely basis.



                                                                              20
<PAGE>

(b) Changes in Internal Controls over Financial Reporting.


There have been no changes in our system of  internal  controls  over  financial
reporting  during  the year  ended  December  31,  2006,  that  have  materially
affected,  or are reasonably likely to materially  affect, our internal controls
over financial reporting.


                                    PART III

Item 9 - Directors, Executive Officers, Promoters, Control Persons and Corporate
         Governance; Compliance with Section 16(a) of the Exchange Act.

Our directors and executive officers are as follows:

            Name              Age                       Position Held and Tenure
            ----              ---                       ------------------------

     Timothy P. Halter        40              President, Chief Executive Officer
                                       Chief Financial Officer and Sole Director

     Michael Heitz            55                        Executive Vice President

The  director  named  above  will  serve  until the next  annual  meeting of the
Company's  stockholders  or  until  any  successors  are duly  elected  and have
qualified.   Directors  will  be  elected  for  one-year  terms  at  the  annual
stockholders meeting.  Officers will hold their positions at the pleasure of the
board of directors,  absent any  employment  agreement,  of which none currently
exists or is contemplated.  There is no arrangement or understanding between any
of the  directors  or officers of the Company and any other  person  pursuant to
which any director or officer was or is to be selected as a director or officer,
and there is no arrangement,  plan or understanding as to whether non-management
stockholders  will exercise their voting rights to continue to elect the current
directors to the Company's board. There are also no arrangements,  agreements or
understandings  between   non-management   stockholders  that  may  directly  or
indirectly participate in or influence the management of the Company's affairs.

Our sole  director  and our  executive  officers  will devote  their time to the
Company's affairs on an as needed basis, which,  depending on the circumstances,
could  amount to as little as two hours per month,  or more than forty hours per
month, but more than likely encompass less than four (4) hours per month.  There
are no  agreements or  understandings  for the officers or director to resign at
the  request of another  person,  and they are not acting on behalf of, and will
not act at the direction of, any other person.


                                                                              21
<PAGE>

Biographical Information

Timothy P. Halter - Since May 2006,  Mr. Halter served as our  President,  Chief
Executive  Officer  and sole  director.  Since  1995,  Mr.  Halter  has been the
president and the sole stockholder of Halter  Financial  Group,  Inc., a Dallas,
Texas based  consulting firm  specializing in the area of mergers,  acquisitions
and corporate finance. In September 2005, Mr. Halter and other minority partners
formed HFI. HFI conducts no business operations.

Mr. Halter  currently  serves as a director of DXP  Enterprises,  Inc., a public
corporation (NASDAQ:  DXPE), and is an officer and director of Point Acquisition
Corporation,  a Nevada corporation;  Nevstar Corporation,  a Nevada corporation;
Concept Ventures Corporation, a Nevada corporation;  Robcor Properties,  Inc., a
Florida corporation; BTHC VI, Inc., BTHC VII, Inc., BTHC VIII, Inc., and BTHC X,
Inc., each a Delaware corporation. Mr. Halter will devote as much of his time to
our business affairs as may be necessary to implement our business plan.

Michael  Heitz - Mr.  Heitz  founded  our company in May 2005 and served as CEO,
President and Director until his  resignation  in May 2006. Mr. Heitz  currently
serves  as  our  Executive  Vice  President.  He  has  been  a  manager  of  our
predecessor,  Robcor LLC since  December  2002.  From  October 2002 to September
2004,  he was president of  International  Machine  Movers,  Inc., an industrial
moving  firm.  From April  1996 to date,  he has been a  self-employed  business
consultant  assisting in strategic  business  planning.  He has a B.A. from West
Virginia University in 1998.


Indemnification of Officers and Directors.

We have the  authority  under the laws of Florida to indemnify our directors and
officers  to the  extent  provided  for in such  statute.  Set forth  below is a
discussion of Florida law regarding  indemnification  which we believe discloses
the material aspects of such law on this subject. Florida law provides, in part,
that a corporation  may indemnify a director or officer or other person who was,
is or is threatened  to be made a named  defendant or respondent in a proceeding
because  such  person is or was a  director,  officer,  employee or agent of the
corporation, if it is determined that such person:

     *    conducted himself in good faith;
     *    reasonably  believed,  in the case of conduct in his official capacity
          as a director or officer of the  corporation,  that his conduct was in
          the  corporation's  best  interest  and, in all other cases,  that his
          conduct was at least not opposed to the corporation's  best interests;
          and
     *    in the case of any criminal  proceeding,  had no  reasonable  cause to
          believe that his conduct was unlawful.


                                                                              22
<PAGE>

A  corporation  may  indemnify a person  under  Florida  law against  judgments,
penalties,  including excise and similar taxes, fines, settlement,  unreasonable
expenses actually  incurred by the person in connection with the proceeding.  If
the person is found  liable to the  corporation  or is found liable on the basis
that personal benefit was improperly received by the person, the indemnification
is limited to reasonable  expenses actually incurred by the person in connection
with the proceeding, and shall not be made in respect of any proceeding in which
the person shall have been found liable for willful or intentional misconduct in
the performance of his duty to the corporation.  The corporation may also pay or
reimburse  expenses  incurred by a person in connection  with his  appearance as
witness or other  participation in a proceeding at a time when he is not a named
defendant or respondent in the proceeding.

Our  Articles  of  Incorporation  provide  that none of our  directors  shall be
personally  liable to us or our  stockholders for monetary damages for an act or
omission in such directors' capacity as a director;  provided, however, that the
liability  of such  director is not limited to the extent that such  director is
found  liable  for (a) a breach of the  directors'  duty of loyalty to us or our
stockholders, (b) an act or omission not in good faith that constitutes a breach
of duty of the director to us or an act or omission  that  involves  intentional
misconduct or a knowing  violation of the law, (c) a transaction  from which the
director received an improper benefit,  whether or not the benefit resulted from
an action  taken  within the scope of the  director's  office,  or (d) an act or
omission for which the  liability of the  director is expressly  provided  under
Florida  law.   Limitations  on  liability  provided  for  in  our  Articles  of
Incorporation do not restrict the  availability of non-monetary  remedies and do
not affect a director's  responsibility under any other law, such as the federal
securities laws or state or federal environmental laws.

We believe that these  provisions  will assist us in  attracting  and  retaining
qualified  individuals  to  serve  as  executive  officers  and  directors.  The
inclusion  of these  provisions  in our Articles of  Incorporation  may have the
effect of reducing a likelihood of derivative  litigation  against our directors
and may discourage or deter  stockholders  or management from bringing a lawsuit
against  directors for breach of their duty of case, even though such an action,
if successful, might otherwise have benefited us or our stockholders.

Our Bylaws  provide that we will  indemnify our directors to the fullest  extent
provided by Florida law and we may, if and to the extent authorized by our board
of directors, so indemnify our officers and other persons whom we have the power
to indemnify against liability, reasonable expense or other matters.

Insofar as indemnification  for liabilities  arising under the Securities Act of
1933  may be  permitted  to our  directors,  officers  and  controlling  persons
pursuant to the foregoing provisions, or otherwise, we have been advised that in


                                                                              23
<PAGE>

the opinion of the Securities and Exchange  Commission such  indemnification  is
against public policy as expressed in the Act and is, therefore, unenforceable.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act requires our executive officers and
directors  and person who own more than 10% of our common  stock to file reports
regarding  ownership of and  transactions  in our securities with the Securities
and Exchange  Commission and to provide us with copies of those  filings.  Based
solely on our review of the copies received by or a written  representation from
certain reporting persons, we believe that during fiscal year ended December 31,
2006, all eligible  persons are in compliance  with the  requirements of Section
16(a).

Code of Ethics

As the board of directors  consists solely of one member a formal Code of Ethics
has yet to be  adopted.  It is  anticipated  that  following a change in control
transaction,  the new  members  of the board of  directors  will adopt a code of
ethics  that  shall  apply  to all of our  directors,  officers  and  employees,
including our principal  executive officer,  principal  financial  officer,  and
principal accounting officer.

Conflicts of Interest

Management  of the Company  will not devote  more than a small  portion of their
time to the  affairs  of the  Company.  There  will be  occasions  when the time
requirements  of  the  Company's  business  conflict  with  the  demands  of the
officers' other business and investment  activities.  Such conflicts may require
that the Company attempt to employ additional  personnel.  There is no assurance
that the services of such persons will be available or that they can be obtained
upon terms favorable to the Company.

Involvement on Certain Material Legal Proceedings During the Past Five (5) Years

     (1)  No director,  officer,  significant  employee or  consultant  has been
          convicted in a criminal proceeding, exclusive of traffic violations or
          is subject to any pending criminal proceeding.

     (2)  No bankruptcy  petitions have been filed by or against any business or
          property of any director, officer,  significant employee or consultant
          of the Company nor has any  bankruptcy  petition  been filed against a
          partnership or business  association  where these persons were general
          partners or executive officers.


                                                                              24
<PAGE>

     (3)  No director,  officer,  significant  employee or  consultant  has been
          permanently or temporarily  enjoined,  barred,  suspended or otherwise
          limited  from  involvement  in any  type of  business,  securities  or
          banking activities.

     (4)  No director,  officer or  significant  employee has been  convicted of
          violating a federal or state securities or commodities law.

The  Company  has no  formal  audit  committee.  However,  the  entire  Board of
Directors (Board) is the Company's  defacto audit committee.  In discharging its
oversight  responsibility  as to the audit process,  the Board obtained from the
independent  auditors a formal written  statement  describing all  relationships
between  the  auditors  and  the  Company  that  might  bear  on  the  auditors'
independence  as  required  by  Independence  Standards  Board  Standard  No. 1,
"Independence  Discussions with Audit  Committees." The Board discussed with the
auditors any  relationships  that may impact their objectivity and independence,
including fees for non-audit services,  and satisfied itself as to the auditors'
independence.  The Board also discussed with management,  the internal  auditors
and the independent  auditors the quality and adequacy of the Company's internal
controls.

Item 10 - Executive Compensation

The current  management and oversight of the Company requires less than four (4)
hours per month.  As the  Company's  management  is  engaged in other  full-time
income producing  activities,  they have not received any compensation  from the
Company.  In  future  periods,  subsequent  to the  consummation  of a  business
combination  transaction,  the Company anticipates that it will pay compensation
to its officer(s) and/or director(s).















                                                                              25
<PAGE>
<TABLE>
<CAPTION>

                           SUMMARY COMPENSATION TABLE


                                                                                   Change in
                                                                                    Pension
                                                                                   Value and
                                                                                  Nonqualified
                                                                   Non-Equity       Deferred
Name and                                      Stock     Option   Incentive Plan   Compensation     All Other
Principal                Salary     Bonus     Awards    Awards    Compensation      Earnings      Compensation   Total
Position        Year       ($)       ($)       ($)        ($)          ($)             ($)            ($)         ($)
<S>             <C>      <C>        <C>       <C>       <C>      <C>              <C>             <C>            <C>
Timothy P.      2006      $-0-      $-0-       $-0-      $-0-         $-0-            $-0-            $-0-       $-0-
Halter,                                                                                                          $-0-
Principal                                                                                                        $-0-
Executive
Officer

Michael Heitz,  2006      $-0-      $-0-       $-0-      $-0-         $-0-            $-0-            $-0-       $-0-
Executive Vice  2005      $-0-      $-0-       $-0-      $-0-         $-0-            $-0-            $-0-       $-0-
President       2004      $-0-      $-0-       $-0-      $-0-         $-0-            $-0-            $-0-       $-0-
</TABLE>


The Company has no other Executive  Compensation  issues which would require the
inclusion of other mandated table disclosures.


Item 11 - Security  Ownership of Certain  Beneficial  Owners and  Management and
          Related Stockholder Matters

The following table sets forth, as of the date of this Annual Report, the number
of  shares  of  Common  Stock  owned of record  and  beneficially  by  executive
officers,  directors and persons who hold 5% or more of the  outstanding  Common
Stock  of the  Company.  Also  included  are the  shares  held by all  executive
officers and directors as a group.









                                                                              26
<PAGE>

                                                   Shares Beneficially Owned (1)


Name and address (2)(3)                     Number of Shares          Percentage
----------------                            ----------------          ----------

Timothy P. Halter (4)                       1,290,000                     50.76%
Michael Heitz (5)                           1,200,000                     47.23%
Directors and officers as a group           2,490,000                     97.99%
(2 persons)

(1)  On February  22,  2007,  there were  2,541,000  shares of our common  stock
     outstanding  and no shares of preferred  stock issued and  outstanding.  We
     have no outstanding stock options or warrants.
(2)  Under applicable SEC rules, a person is deemed the "beneficial  owner" of a
     security  with regard to which the person  directly or  indirectly,  has or
     shares (a) the voting power, which includes the power to vote or direct the
     voting of the security,  or (b) the  investment  power,  which includes the
     power to dispose, or direct the disposition,  of the security, in each case
     irrespective of the person's economic  interest in the security.  Under SEC
     rules, a person is deemed to beneficially  own securities  which the person
     has the right to acquire  within 60 days through the exercise of any option
     or warrant or through the conversion of another security.
(3)  In  determining  the percent of voting  stock owned by a person on December
     31,  2006 (a) the  numerator  is the  number  of  shares  of  common  stock
     beneficially owned by the person, including shares the beneficial ownership
     of which may be  acquired  within 60 days upon the  exercise  of options or
     warrants or conversion of convertible  securities,  and (b) the denominator
     is the total of (i) the  2,541,000  shares of common stock  outstanding  on
     December 31, 2006, and (ii) any shares of common stock which the person has
     the right to  acquire  within  60 days  upon the  exercise  of  options  or
     warrants or conversion of convertible securities. Neither the numerator nor
     the  denominator  includes  shares which may be issued upon the exercise of
     any other options or warrants or the  conversion  of any other  convertible
     securities.
(4)  Mr.  Halter is our  president  and sole  director.  The shares are owned by
     Halter  Financial  Investments,  L.P.,  or HFI, of which  Halter  Financial
     Investments GP, LLC is the sole general  partner.  The limited  partners of
     HFI are: (i) TPH Capital,  L.P. of which TPH Capital GP, LLC is the general
     partner  and  Timothy P.  Halter is the sole member of TPH Capital GP, LLC;
     (ii) Bellfield Capital, L.P. of which Bellfield Capital Management,  LLC is
     the sole general partner and David Brigante is the sole member of Bellfield
     Capital  Management,  LLC;  (iii)  Colhurst  Capital L.P of which  Colhurst
     Capital  GP, LLC is the general  partner and George L.  Diamond is the sole
     member of Colhurst  Capital GP, LLC; and (iv)  Rivergreen  Capital,  LLC of
     which  Marat  Rosenberg  is the  sole  member.  As a  result,  each  of the
     foregoing persons may be deemed to be a beneficial owner of the shares held
     of record by HFI.  Mr.  Halter  and HFI's  address is 12890  Hilltop  Road,
     Argyle, TX 76226.
(5)  Mr. Heitz's address is 3505 Castlegate Ct., Lexington KY 40502.


                                                                              27
<PAGE>

Item 12 - Certain   Relationships   and  Related   Transactions,   and  Director
          Independence.

On May 9,  2006,  HFI,  Mr.  Heitz and the  Company  entered  into a Put  Option
Agreement  providing  that Heitz may require HFI to purchase up to 50,000 shares
of the common  capital stock of the Company at a price per share of $3.00 at any
time  during the period of time  commencing  January  2007 and ending six months
after the Company's  completion of a  transaction  whereby the Company  acquires
operating  control,  or  substantially  all of the assets,  of a privately  held
corporation  generating revenues as reported in financial  statements audited in
conformity with accounting practices generally accepted in the United States. In
addition,  under the terms of the  agreement,  Heitz must deliver to the Company
1,150,000  shares of the  Company's  common stock in exchange for the  Company's
membership  interest  in Robcor,  LLC  simultaneous  with the closing of a going
public transaction.

The mortgages on our real  property  holdings are  personally  guaranteed by our
executive vice president Mike Heitz and his wife Viola Heitz.  No  consideration
was paid or accrued to the Heitz's for their agreement to act as guarantors.

During fiscal 2006 there were no formal meetings of the Board of Directors.  The
Board of Directors acted by consent in lieu of meeting on four occasions  during
fiscal 2006.  There are no  committees  of the Board of Directors  and we do not
have a formal policy  regarding  attendance at duly called meetings of the Board
of Directors.

Our Board of Directors has established  neither a nominating,  compensation  nor
audit  committee.  Given our  current  operations,  we do not  believe  that the
establishment of such committees is necessary as the functions  typically served
by such committees can be adequately  undertaken by our sole director. We assume
that  if we are  successful  in  effecting  a  combination  transaction  with an
operating business, the newly constituted board will establish such committees.

During  fiscal 2006 there were no material  changes to the  procedures  by which
security holders may recommend nominees to our Board of Directors.

At the present time we do not have an  established  procedure by which  security
holders can send  communications  to the Board of  Directors.  We do not believe
such a procedure is necessary  given the nature of our  operations and the small
number of record holders of our outstanding securities.

Item 13 - Exhibits

Exhibit
No.       Description
---       -----------

 3.1      Certificate of Incorporation of Robcor Properties, Inc. (1)
 3.2      By-laws of Robcor Properties, Inc. (1)
 4.1      Form of common stock certificate. (1)
10.1      Put Option Agreement, dated May 9, 2006 (2)
31.1      Chief Executive Officer Certification as required under section 302 of
          the Sarbanes Oxley Act (filed herewith)
31.2      Chief Financial Officer Certification as required under section 302 of
          the Sarbanes Oxley Act (filed herewith)
32.1      Chief Executive Officer  Certification  pursuant to 18 U.S.C.  section
          1350 as adopted  pursuant  to section  906 of the  Sarbanes  Oxley Act
          (furnished herewith)


                                                                              28
<PAGE>

32.2      Chief Financial Officer  Certification  pursuant to 18 U.S.C.  section
          1350 as adopted  pursuant  to section  906 of the  Sarbanes  Oxley Act
          (furnished herewith)

     (1)  Incorporated by reference to the Company's  Registration  Statement on
          Form SB-2 (File No. 33-126031) on June 22, 2005.
     (2)  Incorporated by reference to the Company's  Current Report on Form 8-K
          filed on May 9, 2006.

Item 14 - Principal Accountant Fees and Services

The Company paid or accrued the  following  fees in each of the prior two fiscal
years to its principal accountant, Malone & Bailey, P.C. of Houston, Texas.

                                                    Year ended       Year ended
                                                   December 31,     December 31,
                                                       2006             2005
                                                   ------------     ------------

(1)  Audit fees                                    $     11,200     $     16,300
(2)  Audit-related fees                                     -0-              -0-
(3)  Tax fees                                               -0-              -0-
(4)  All other fees                                         -0-              -0-
                                                   ------------     ------------



We have considered whether the provision of any non-audit services, currently or
in  the  future,  is  compatible  with  Malone  &  Bailey,  PC  maintaining  its
independence  and have  determined  that these services do not compromise  their
independence.

Financial Information System Design and Implementation:  Malone & Bailey, PC did
not charge the  Company any fees for  financial  information  system  design and
implementation fees.

The  Company's  principal  accountant,  Malone & Bailey,  PC, did not engage any
other  persons  or  firms  other  than  the  principal  accountant's  full-time,
permanent employees.









                                                                              29
<PAGE>

--------------------------------------------------------------------------------

                                   SIGNATURES

In accord with Section 13 or 15(d) of the  Securities  Act of 1933,  as amended,
the Company  caused  this report to be signed on its behalf by the  undersigned,
thereto duly authorized.

                                                         Robcor Properties, Inc.

Dated: February 27, 2007                                   /s/ Timothy P. Halter
       -----------------                    ------------------------------------
                                                               Timothy P. Halter
                                              President, Chief Executive Officer
                                            Chief Financial Officer and Director


In accordance with the Securities Exchange Act of 1934, as amended,  this report
has been signed below by the  following  persons on behalf of the Company and in
the capacities and on the date as indicated.

Dated: February 27, 2007                                   /s/ Timothy P. Halter
       -----------------                    ------------------------------------
                                                               Timothy P. Halter
                                              President, Chief Executive Officer
                                            Chief Financial Officer and Director















                                                                              30
<PAGE>

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors
   Robcor Properties, Inc.
   Lexington, Kentucky

We have audited the accompanying balance sheet of Robcor Properties,  Inc. as of
December  31,  2006 and the  related  statements  of  operations,  stockholders'
equity,  and cash flows for the years ended  December  31, 2006 and 2005.  These
financial  statements  are the  responsibility  of Robcor  Properties,  Inc. Our
responsibility  is to express an opinion on these financial  statements based on
our audits.

We conducted  our audits in  accordance  with  standards  of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and  perform  the  audits to  obtain  reasonable  assurance  about  whether  the
financial  statements  are free of  material  misstatement.  An  audit  includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial  statements.  An audit also  includes  assessing  the  accounting
principles  used  and  significant  estimates  made  by  management,  as well as
evaluating the overall  financial  statement  presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects,  the financial position of Robcor Properties,  Inc. as of
December 31, 2006,  and the results of its operations and its cash flows for the
periods described in conformity with accounting principles generally accepted in
the United States of America.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 2 to the
financial statements,  the Company has suffered recurring losses from operations
and has a working capital  deficiency,  which raises substantial doubt about its
ability to continue  as a going  concern.  Management's  plans  regarding  these
matters also are  described in Note 2. The  financial  statements do not include
any adjustments that might result from the outcome of this uncertainty.

MALONE & BAILEY, PC
www.malone-bailey.com
Houston, Texas

February 19, 2007


                                                                             F-1
<PAGE>

                             ROBCOR PROPERTIES, INC.
                                  BALANCE SHEET
                                December 31, 2006


         ASSETS
Cash                                                                  $   2,302
Building, net of accumulated depreciation of $96,425                    932,575
                                                                      ---------
Total Assets                                                          $ 934,877
                                                                      =========
         LIABILITIES AND STOCKHOLDERS' EQUITY

         LIABILITIES
Accounts payable - related party                                      $  42,480
Accrued liabilities                                                       3,000

Deposit payable                                                           4,500
Mortgage payable                                                        820,252
                                                                      ---------
Total Liabilities                                                       870,232

Stockholders' Equity
  Preferred stock; no par value, 20,000,000 shares
   authorized, none issued and outstanding                                 --
   Common stock; no par value, 1,000,000,000 shares
   authorized, 2,541,000 issued and outstanding                         153,756
    Accumulated deficit                                                 (89,111)
                                                                      ---------
Total Stockholders' Equity                                               64,645
                                                                      ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                            $ 934,877
                                                                      =========








   The accompanying footnotes are an integral part of the financial statements


                                                                             F-2
<PAGE>

                             ROBCOR PROPERTIES, INC.
                            STATEMENTS OF OPERATIONS
                     Years Ended December 31, 2006 and 2005


                                                         2006           2005
                                                     -----------    -----------

Rent revenue                                         $    98,652    $    88,305

                                                     -----------    -----------
  Total revenue                                           98,652         88,305
                                                     -----------    -----------

Expenses
  General & administrative                                29,892         63,484
  Depreciation expense                                    34,300         31,500
  Interest expense                                        60,709         47,254
                                                     -----------    -----------
  Total expenses                                         124,901        142,238
                                                     -----------    -----------
Net loss                                             $   (26,249)   $   (53,933)
                                                     ===========    ===========


Basic and diluted net loss per share                 $     (0.01)   $     (0.02)
Weighted average
  shares outstanding                                   2,541,000      2,524,038








   The accompanying footnotes are an integral part of the financial statements


                                                                             F-3
<PAGE>
<TABLE>
<CAPTION>

                             ROBCOR PROPERTIES, INC.
                       STATEMENTS OF STOCKHOLDERS' EQUITY
                     Years Ended December 31, 2006 and 2005



                           Common        Common      Partners'     Accumulated
                           Shares        Stock        Capital        Deficit         Total
                        -----------   -----------   -----------    -----------    -----------
<S>                     <C>           <C>           <C>            <C>            <C>
Balance
December 31, 2004              --     $      --     $   114,472    $    (8,928)   $    15,007
Stock exchange            2,500,000       114,472      (114,472)          --
Stock issued                 41,000        12,315        12,315
Net loss                       --            --            --          (53,933)       (11,512)
                        -----------   -----------   -----------    -----------    -----------

Balance
December 31, 2005         2,541,000       126,787          --          (62,861)        63,926
Capital contributions          --          26,969          --             --           26,969

Net loss                       --            --            --          (26,249)       (26,249)
                        -----------   -----------   -----------    -----------    -----------

Balance
December 31,2006          2,541,000   $   153,756   $      --      $   (89,110)   $    64,646
                        ===========   ===========   ===========    ===========    ===========
</TABLE>











   The accompanying footnotes are an integral part of the financial statements


                                                                             F-4
<PAGE>

                             ROBCOR PROPERTIES, INC.
                            STATEMENTS OF CASH FLOWS
                     Years ended December 31, 2006 and 2005


                                                            2006         2005
                                                         ---------    ---------
Cash Flows From Operating Activities:
  Net loss                                               $ (26,249)   $ (53,933)
  Adjustments to reconcile net loss
    to net cash provided by operating
       activities:
    Depreciation                                            34,300       31,500
    Changes in:
         Accounts payable                                     --         42,480
      Accrued liabilities                                    3,000         --
         Deposit payable                                      --          4,500
                                                         ---------    ---------
  Net Cash Provided By
         Operating Activities                               11,051       24,547
                                                         ---------    ---------
Cash Flows From Investing Activities:
    Purchase of building                                      --       (504,000)
                                                         ---------    ---------
Cash Flows From Financing Activities:
  Proceeds from mortgage payable                           477,000      499,000
  Payments on mortgage payable                            (518,979)     (25,639)
  Net proceeds from the sale of common stock                  --         19,500
  Contributed capital by owner                              26,969        1,510
  Common Stock reduced by stock issue costs                   --         (8,695)
                                                         ---------    ---------
  Net Cash Provided By
     (Used In) Financing Activities                        (15,010)     485,676
                                                         ---------    ---------
Net change in cash                                          (3,959)       6,223
Cash at beginning of period                                  6,261           38
                                                         ---------    ---------
Cash at end of period                                    $   2,302    $   6,261
                                                         =========    =========

Supplemental Information:
         Interest paid                                   $  60,709    $  48,948
         Income taxes paid                                    --           --








   The accompanying footnotes are an integral part of the financial statements


                                                                             F-5
<PAGE>

                             ROBCOR PROPERTIES, INC.
                          NOTES TO FINANCIAL STATEMENTS


NOTE 1 - SUMMARY OF ACCOUNTING POLICIES


Nature of business.  Robcor Properties,  Inc ("Robcor") was organized in Florida
on May 6, 2005 as a corporation.  Robcor was previously known as Robcor,  LLC, a
limited  liability  company.  A share  exchange  occurred and all  ownership and
operations were  transferred to Robcor.  Robcor is authorized to issue 1,000,000
shares  of no par  value  common  stock  and  20,000,000  shares of no par value
preferred stock.  Robcor's articles of organization do not specify a termination
date. Robcor owns and operates rental real estate in Lexington, Kentucky.

Reclassifications.  Certain prior year amounts have been reclassified to conform
with the current year presentation.

Use of Estimates. In preparing financial statements,  management makes estimates
and  assumptions  that affect the reported  amounts of assets and liabilities in
the balance  sheet and revenue and  expenses in the  statements  of  operations.
Actual results could differ from those estimates.

Cash and Cash Equivalents. For purposes of the statement of cash flows,considers
all highly  liquid  investments  purchased  with an  original  maturity of three
months  or less to be cash  equivalents.  As of  December  31,  2006,  cash only
consisted of monies held in checking accounts.

Revenue   Recognition.   recognizes  revenue  when  persuasive  evidence  of  an
arrangement  exists,  services have been  rendered,  the sales price is fixed or
determinable, and collectibility is reasonably assured.

Rental  income  is  derived  from   operating   leases  and  recognized  on  the
straight-line method of accounting required by GAAP under which contractual rent
payment  increases are  recognized  evenly over the lease term.  The  difference
between  recognized  rental  income and rental  cash  receipts  is  recorded  as
Deferred Rent Receivable on the balance sheet.

Rental revenue is affected if existing tenants  terminate or amend their leases.
Robcor tries to identify tenants who may be likely to declare bankruptcy,  cease
operations or otherwise  terminate leases prior to the end of the lease term. By
anticipating  these events in advance,  Robcor expects to take steps to minimize
their  impact  on  Robcor's   reported  results  of  operations   through  lease
renegotiations  and other appropriate  measures.  Reserves against Deferred Rent
Receivable are estimated by management  based on known  financial  conditions of
tenants and  management's  estimate of net  realizeability  of such  receivables
based on existing or expected negotiations with tenants.  Robcor's judgments and
estimations  about tenants' capacity to continue to meet their lease obligations
will affect the rental revenue  recognized.  To date,  there have been no actual
reductions  in  revenue  as a  result  of  early  terminations  or the  tenants'
inability to pay.

Lease  termination  fees are  recognized  in other income when there is a signed
termination  letter agreement,  all of the conditions of the agreement have been
met, and the tenant is no longer occupying the property.  These fees are paid by
tenants  who want to  terminate  their lease  obligations  before the end of the
contractual term of the lease.  There is no way of predicting or forecasting the
timing or amounts of future lease  termination fees. To date, there have been no
lease terminations.


                                                                             F-6
<PAGE>

Allowance  for  Doubtful  Accounts.  Bad debt  expense  is  recognized  based on
management's estimate of likely losses per year, based on past experience and an
estimate of current year uncollectible amounts. Real estate assets are stated at
cost. Cost includes  expenditures for improvements or replacements.  Maintenance
and repairs are charged to expense as incurred.

The fair value of the tangible  assets of an acquired  property,  which includes
land,  building and building/tenant  improvements,  is determined by valuing the
property as if it were vacant, and the "as-if-vacant" value is then allocated to
land,  building and tenant  improvements based on management's  determination of
the relative  fair values of these assets.  Factors  considered by management in
performing  these  analyses  include  certain costs during the lease-up  periods
considering current market conditions and costs to execute similar leases. These
costs include estimates of lost rental revenue, leasing commissions,  and tenant
improvements.

In allocating the fair value of the identified intangible assets of the acquired
property,  above-market  in-place  lease value is recorded  based on the present
value, using an interest rate which reflects the risks associated with the lease
acquired,  of the  difference  between  (i) the  contractual  amounts to be paid
pursuant to the  in-place  lease and (ii)  management's  estimate of fair market
lease rate for the corresponding in-place lease, measured over a period equal to
the remaining  non-cancelable lease term. There was no capitalized  above-market
lease  value  included  in  real  estate  related   intangible   assets  in  the
accompanying  December 31, 2005 balance  sheet.  Capitalized  above market lease
value would be  amortized  as an offset to rental  revenue from real estate over
the remaining non-cancelable lease term. The value of in-place leases, exclusive
of the value of  above-market  in-place  lease, is amortized to expense over the
remaining non-cancelable periods of the respective leases. If a lease were to be
terminated prior to its stated expiration,  all unamortized  amounts relating to
that lease would be written off in the period that the lease is terminated.

Property  and  equipment  is  valued  at cost.  Additions  are  capitalized  and
maintenance and repairs are charged to expense as incurred.  Gains and losses on
dispositions of equipment are reflected in operations.  Depreciation is provided
using the  straight-line  method over the estimated  useful lives of the assets,
which is thirty years for the building.

Income taxes.  Robcor  recognizes  deferred tax assets and liabilities  based on
differences  between  the  financial  reporting  and tax  bases  of  assets  and
liabilities  using the  enacted  tax rates and laws that are  expected  to be in
effect when the  differences  are expected to be  recovered.  Robcor  provides a
valuation  allowance  for  deferred  tax assets  for which it does not  consider
realization of such assets to be more likely than not.

Recently issued accounting  pronouncements.  Robcor does not expect the adoption
of recently issued  accounting  pronouncements  to have a significant  impact on
Robcor's results of operations, financial position or cash flow.


NOTE 2 - GOING CONCERN

Robcor's financial statements have been prepared on a going concern basis, which
contemplates  the  realization  of assets  and  settlement  of  liabilities  and
commitments in the normal course of business for the foreseeable  future.  Since
inception,  the Company has  accumulated  losses  aggregating to $89,111 and has


                                                                             F-7
<PAGE>

insufficient  working capital to meet operating needs for the next twelve months
as of December 31, 2006,  all of which raise  substantial  doubt about  Robcor's
ability to continue as a going concern.

Management's plans for Robcor's  continued  existence include selling additional
stock or borrowing  additional  funds to pay overhead  expenses while proceeding
with its current business plan.

Robcor's  future  success is  dependent  upon its ability to achieve  profitable
operations,  generate  cash from  operating  activities  and  obtain  additional
financing. There is no assurance that Robcor will be able to generate sufficient
cash  from  operations,  sell  additional  shares  of  common  stock  or  borrow
additional funds.

Robcor's  inability  to obtain  additional  cash could  have a material  adverse
effect on its  financial  position,  results of  operations  and its  ability to
continue in existence.  The financial  statements do not include any adjustments
that might result from the outcome of this uncertainty.


NOTE 3 - MORTGAGE LOAN PAYABLE

The bank  mortgage  loan payables are  collateralized  by the building,  and any
building improvements, owned by Robcor, with the terms as follows:



Community Trust Bank
--------------------
     Borrowed on January 28,2004, monthly
     payments of $2,650, consisting of
     interest, computed at 4.74% of the
     outstanding balance; The mortgage
     loan matures on January 28, 2009 with a
     balloon payment of $330,008.                                        351,206

Community Trust Bank
--------------------
     Borrowed on March 9, 2005, monthly
     payments of $3,432, consisting of
     interest, computed at a variable
     interest rate of the outstanding
     balance; The mortgage loan matures
     on March 9, 2008 with a balloon
     payment on the remaining principal
     balance; This loan was repaid
     in August 2006.                                                        --

Republic Bank and Trust
-----------------------
     Borrowed on August 18, 2006, monthly
     Payments of $3,401, consisting of
     interest, computed at 7% of the
     outstanding balance; The mortgage
     loan matures on August 18, 2016 with a
     balloon payment of $128,168.                                        469,046
                                                                        --------
Total                                                                   $820,252
                                                                        ========


                                                                             F-8
<PAGE>

Aggregate  principal  payments  due at  December  31,  2006 under all  mortgages
through maturity dates are:

               2007                           $ 28,874
               2008                             47,538
               2009                            359,417
               2010                             31,535
               2011                             33,814
               Thereafter                      319,074
                                              --------
               Total                          $820,252
                                              ========


NOTE 4 - INCOME TAXES

Robcor  uses the  asset &  liability  method,  where  deferred  tax  assets  and
liabilities  are determined  based on the expected  future tax  consequences  of
temporary differences between the carrying amounts of assets and liabilities for
financial and income tax reporting purposes. During fiscal 2006, Robcor incurred
net losses and, therefore,  has no tax liability. The net deferred tax asset has
been  fully  reserved.  The  cumulative  net  operating  loss  carry-forward  is
approximately $89,000 at December 31, 2006, and will expire in the years 2023 to
2026.

At December  31,  2006,  deferred  tax assets and  liabilities  consisted of the
following:

               Deferred tax assets
                 Net operating losses                $    31,189
                 Accrued expenses                          1,050

               Deferred tax assets
                 Tax over book depreciation               (4,550)

                 Less: valuation allowance               (27,689)
                                                     -----------

               Net deferred tax asset                $      --
                                                     ===========

As noted in Note 6, an event has occurred  which will result in a limitation  on
the net operating  loss  carryforward  under  Section 382 of the IRS code.  This
amount has not been calculated at this time.

NOTE 5 - FUTURE MINIMUM RENTS

As of December 31, 2006,  Robcor  owned two  properties  that were leased to two
tenants  under a net operating  lease with initial  terms  extending to the year
2009 for $3,500 and $4,500 to $4,800 per month  depending on changes in the base
prime  lending rate.  Generally,  the lease grants the tenant  renewal  options.
Future minimum rentals under non-cancelable  operating leases,  excluding tenant
reimbursements of expenses are as follows:


                                                                             F-9
<PAGE>

          Year                 Minimum Rent
          --------------       -------------

          2007                    $ 96,000
          2008                      96,000
          2009                      96,000
          Thereafter                     -
                                  --------
          Total                   $288,000
                                  ========

NOTE 6 - COMMON STOCK

On May 9, 2006, Halter Financial Investments,  L.P., a Texas limited partnership
purchased for $500,000 cash  1,290,000  outstanding  shares of restricted  stock
from Mike Heitz,  the then  principal  stockholder.  Prior to the sale Mr. Heitz
beneficially  owned  approximately  98% of the total  number of shares of common
stock of Robcor.  Following its purchase of the shares, HFI became the holder of
approximately 51.0% of the Robcor's issued and outstanding common capital stock.


A 10:1  (ten-to-one)  reverse split of Robcor's common shares was implemented on
July 3, 2006,  resulting in 2,541,000 total outstanding common shares. All share
and per share  information  has been  retroactively  restated  in the  financial
statements to reflect the reverse stock split.


NOTE 7 - RELATED PARTY TRANSACTIONS

During 2006 and 2005,  Robcor had a payable  outstanding  to a  shareholder  for
reimbursement of company expenses.  The payable is non-interest  bearing, due on
demand, and unsecured.












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