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| Delaware                                       | 75-3189552                                          |
|------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of | (I.R.S.                Employer Identification No.) |
| incorporation                or organization)  |                                                |

| 1900                Avenue of the Stars, Suite 310      |                      |
|---------------------------------------------------------|---------------------------|
| Los                Angeles, CA                          | 90067                     |
| (Address                of principal executive offices) | (Zip                Code) |

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| PART                I.  | FINANCIAL                INFORMATION                                                                                                                                                                                                               | 2      |
|-------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                    |                                                                                                                                                                                                                                               |   |
| Item                1.  | Financial                Statements:                                                                                                                                                                                                               | 2      |
|                    |                                                                                                                                                                                                                                               |   |
|                    | Balance                Sheet as of March 31, 2007 (unaudited)                                                                                                                                                                                      | 3      |
|                    |                                                                                                                                                                                                                                               |   |
|                    | Statements                of Operations (unaudited) for the three-month periods ending March                31,                2007 and March 31, 2006, and period from Inception (April 29, 2005)                to                March 31, 2007 | 4      |
|                    |                                                                                                                                                                                                                                               |   |
|                    | Statements                of Cash Flows (unaudited) for the three-month periods ending March                31,                2007 and March 31, 2006, and period from Inception (April 29, 2005)                to                March 31, 2007 | 5      |
|                    |                                                                                                                                                                                                                                               |   |
|                    | Notes                to Financial Statements                                                                                                                                                                                                       | 6      |
|                    |                                                                                                                                                                                                                                               |   |
| Item                2.  | Management's                Discussion and Analysis or Plan of Operation                                                                                                                                                                           | 8      |
|                    |                                                                                                                                                                                                                                               |   |
| Item                3.  | Controls                and Procedures                                                                                                                                                                                                             | 11     |
|                    |                                                                                                                                                                                                                                               |   |
| PART                II. | OTHER                INFORMATION                                                                                                                                                                                                                   |   |
|                    |                                                                                                                                                                                                                                               |   |
| Item                1.  | Legal                Proceedings                                                                                                                                                                                                                   | 11     |
|                    |                                                                                                                                                                                                                                               |   |
| Item                2.  | Unregistered                Sales of Equity Securities and Use of Proceeds                                                                                                                                                                         | 11     |
|                    |                                                                                                                                                                                                                                               |   |
| Item                3.  | Default                Upon Senior Securities                                                                                                                                                                                                      | 11     |
|                    |                                                                                                                                                                                                                                               |   |
| Item                4.  | Submission                of Matters to a Vote of Security Holders                                                                                                                                                                                 | 11     |
|                    |                                                                                                                                                                                                                                               |   |
| Item                5.  | Other                Information                                                                                                                                                                                                                   | 11     |
|                    |                                                                                                                                                                                                                                               |   |
| Item                6.  | Exhibits                                                                                                                                                                                                                                           | 11     |
|                    |                                                                                                                                                                                                                                               |   |
| Signatures              |                                                                                                                                                                                                                                               | 13     |

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**SRKP      3, INC.**

**(A      Development Stage Company)**

**BALANCE      SHEET**

|                                                                                                                                      |   | **March                31,** |    |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|---------|
|                                                                                                                                      |   | **2007**                     |    |
|                                                                                                                                      |   | **(Unaudited)**              |    |
| **ASSETS**                                                                                                                                |
|                                                                                                                                      |   |                         |    |   |
| **CURRENT                ASSETS:**                                                                                                        |   |                         |    |   |
| Cash                                                                                                                                      |   | $                            | 3,367   |   |
| Total                Current Assets                                                                                                       |   | $                            | 3,367   |   |
|                                                                                                                                      |   |                         |    |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY (DEFICIT)**                                                                         |
|                                                                                                                                      |   |                         |    |   |
| **CURRENT                LIABILITIES:**                                                                                                   |   |                         |    |   |
|                                                                                                                                      |   |                         |    |   |
| Accounts                Payable                                                                                                           |   | $                            | 6,266   |   |
| Due                to Stockholders                                                                                                        |   |                         | 15,000  |   |
| Total                Current Liabilities                                                                                                  |   |                         | 21,266  |   |
|                                                                                                                                      |   |                         |    |   |
| **COMMITMENTS                AND CONTINGENCIES**                                                                                          |   |                         |    |   |
|                                                                                                                                      |   |                         |    |   |
| **STOCKHOLDERS'                EQUITY (DEFICIT):**                                                                                        |   |                         |    |   |
| Preferred                stock, $.001 par value, 10,000,000 shares authorized, none                issued                                 |   |                         | ---     |   |
| Common                stock $.001 par value, 100,000,000 share authorized, 2,700,000 issued                and                outstanding |   |                         | 2,700   |   |
| Additional                paid-in capital                                                                                                 |   |                         | 47,300  |   |
| (Deficit)                accumulated during development stage                                                                             |   |                         | (67,899 | ) |
|                                                                                                                                      |   |                         |    |   |
| Total                Stockholders' Equity (Deficit)                                                                                       |   |                         | (17,899 | ) |
|                                                                                                                                      |   |                         |    |   |
|                                                                                                                                      |   | $                            | 3,367   |   |

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

----

**SRKP      3, INC.**

**(A      Development Stage Company)**

**STATEMENTS      OF OPERATIONS**

**(Unaudited)**

|                                                                    |   | **Three                Months****Ended****March                31, 2007** |      | **Three                Months****Ended****March                31, 2006** |   | **Cumulative                from****April                29, 2005****(Inception)                to****March                31, 2007** |   |
|-------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|-----------|---------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                    |   |                                                                      |      |                                                                      |   |                                                                                                                                  |   |   |   |   |
| **REVENUE**                                                             |   | $                                                                         | ---       |                                                                      | $      | ---                                                                                                                                   |   | $ | --- |   |
|                                                                    |   |                                                                      |      |                                                                      |   |                                                                                                                                  |   |   |   |   |
| **EXPENSES**                                                            |   |                                                                      | 13,300    |                                                                      |   | 6,831                                                                                                                                 |   |   | 67,899 |   |
|                                                                    |   |                                                                      |      |                                                                      |   |                                                                                                                                  |   |   |   |   |
| **NET                (LOSS)**                                           |   | $                                                                         | (13,300   | )                                                                         | $      | (6,831                                                                                                                                | )      | $ | (67,899 | ) |
|                                                                    |   |                                                                      |      |                                                                      |   |                                                                                                                                  |   |   |   |   |
| **NET                (LOSS) PER COMMON SHARE-BASIC**                    |   | $                                                                         | *         |                                                                      | $      | *                                                                                                                                     |   |   |   |   |
|                                                                    |   |                                                                      |      |                                                                      |   |                                                                                                                                  |   |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF COMMON SHARES OUTSTANDING** |   |                                                                      | 2,700,000 |                                                                      |   | 2,700,000                                                                                                                             |   |   |   |   |

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

----

**SRKP      3, INC.**

**(A      Development Stage Company)**

**STATEMENTS      OF CASH FLOWS**

**(Unaudited)**

|                                                                                                                          |   | **Three                  Months****Ended****March                  31, 2007** |    | **Three                  Months****Ended****March                  31, 2006** |   | **Cumulative                  from****April                  29, 2005****(Inception)                  to****March                  31, 2007** |   |
|-------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|---------|-------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                          |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| **CASH                  FLOWS FROM (TO) OPERATING ACTIVITIES:**                                                               |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| Net                  (loss)                                                                                                   |   | $                                                                             | (13,300 | )                                                                             | $      | (6,831                                                                                                                                        | )      | $ | (67,899 | ) |
|                                                                                                                          |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| Adjustments                  to reconcile net (loss) to net cash provided by (used in) operating                  activities: |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| Changes                  in:                                                                                                  |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| Accounts                  Payable                                                                                             |   |                                                                          | 5,739   |                                                                          |   | 2,152                                                                                                                                         |   |   | 6,266 |   |
|                                                                                                                          |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| Net                  Cash (Used In) Operating Activities                                                                      |   |                                                                          | (7,561  | )                                                                             |   | (4,679                                                                                                                                        | )      |   | (61,633 | ) |
|                                                                                                                          |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| **CASH                  FLOWS FROM (TO) FINANCING ACTIVITIES:**                                                               |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| Common                  stock issued for cash                                                                                 |   |                                                                          | -       |                                                                          |   | -                                                                                                                                             |   |   | 47,500 |   |
| Collection                  of subscription receivable                                                                        |   |                                                                          | -       |                                                                          |   | 2,500                                                                                                                                         |   |   | 2,500 |   |
| Advances                  from Stockholders                                                                                   |   |                                                                          | 10,000  |                                                                          |   | -                                                                                                                                             |   |   | 15,000 |   |
|                                                                                                                          |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| Net                  Cash Provided by Financing Activities                                                                    |   |                                                                          | 10,000  |                                                                          |   | 2,500                                                                                                                                         |   |   | 65,000 |   |
|                                                                                                                          |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| **NET                  INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS:**                                                    |   |                                                                          | 2,439   |                                                                          |   | (2,179                                                                                                                                        | )      |   | 3,367 |   |
|                                                                                                                          |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| **CASH                  AND CASH EQUIVALENTS, BEGINNING OF PERIOD**                                                           |   |                                                                          | 928     |                                                                          |   | 22,938                                                                                                                                        |   |   | - |   |
|                                                                                                                          |   |                                                                          |    |                                                                          |   |                                                                                                                                          |   |   |   |   |
| **CASH                  AND CASH EQUIVALENTS, END OF PERIOD**                                                                 |   | $                                                                             | 3,367   |                                                                          | $      | 20,759                                                                                                                                        |   | $ | 3,367 |   |

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

----

**SRKP      3, INC.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**NOTE      1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**History**

**Going      Concern and Plan of Operation**

**Income      Taxes**

**Deferred      Offering Costs**

**Cash      and Cash Equivalents**

**Concentrations      of Credit Risk**

----

**SRKP      3, INC.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**NOTE      1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**

**Earnings      Per Common Share**

**Use      of Estimates in the Preparation of Financial      Statements**

**Recently      Issued Accounting Pronouncements**

**NOTE      2 - STOCKHOLDERS' EQUITY**

**NOTE      3 - RELATED PARTY TRANSACTIONS**

**NOTE      4 - INTIAL PUBLIC OFFERING**

**NOTE      5 - DUE TO STOCKHOLDERS**

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|   | o | A                minimum of two years' operating                history, |
|--------|---|--------------------------------------------------------------------------|

|   | o | At                least $5.0 million in annual revenue and/or pre-tax profit of $300,000                and |
|--------|---|-------------------------------------------------------------------------------------------------------------|

|   | o | At                least $300,000 in stockholders'                equity. |
|--------|---|--------------------------------------------------------------------------|

|   | o | Available                technical, financial, and managerial                resources, |
|--------|---|-----------------------------------------------------------------------------------------|

|   | o | Working                capital and other financial                requirements, |
|--------|---|---------------------------------------------------------------------------------|

|   | o | Prospects                for the future, |
|--------|---|------------------------------------------|

|   | o | Nature                of present and expected                competition, |
|--------|---|---------------------------------------------------------------------------|

|   | o | The                quality and experience of management services which may be available                and                the depth of that management, |
|--------|---|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | The                potential for further research, development, or                exploration, |
|--------|---|------------------------------------------------------------------------------------------------|

|   | o | Specific                risk factors not now foreseeable but which then may be anticipated                to                impact on our proposed activities, |
|--------|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | The                potential for growth or expansion, |
|--------|---|-------------------------------------------------------|

|   | o | The                potential for profit, |
|--------|---|------------------------------------------|

|   | o | The                perceived public recognition or acceptance or products or services,                and |
|--------|---|-----------------------------------------------------------------------------------------------------------|

|   | o | Name                identification and other relevant                factors. |
|--------|---|-------------------------------------------------------------------------------|

----

|   | o | The                nature of the target business, |
|--------|---|---------------------------------------------------|

|   | o | Our                needs and desires and the needs and desires of the persons controlling                the                target business, |
|--------|---|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | The                management of the target business,                and |
|--------|---|--------------------------------------------------------------------------|

|   | o | Our                relative negotiating strength compared to the strength of the persons                controlling the target business. |
|--------|---|------------------------------------------------------------------------------------------------------------------------------------------|

----

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|  | (a) | Exhibits |
|--|-----|----------|

|  | 31.1 | Certification                of Chief Executive Officer pursuant to Section 302(a) of the                Sarbanes-Oxley Act of 2002. |
|--|------|--------------------------------------------------------------------------------------------------------------------------------------|

|  | 31.2 | Certification                of Chief Financial Officer pursuant to Section 302(a) of the                Sarbanes-Oxley Act of 2002. |
|--|------|--------------------------------------------------------------------------------------------------------------------------------------|

|  | 32.1 | Certification                of Chief Executive Officer and Chief Financial Officer Pursuant to                Section                906 of the Sarbanes-Oxley Act of                2002.* |
|--|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                   |                                                                        |                                    |
|----------------------------------------|-----------------------------------------------------------------------------|-----------------------------------------|
| May              14,              2007 | SRKP              3,              Inc.                                      |
|                              |                                                                   |  (Registrant)                 |
|                              | By:                                                               | /s/ Richard              Rappaport |
|                                   | Richard              Rappaport                                              |
|                                   | President                (Principal                Executive Officer)  |

|         |                                                                                                                   |                                          |
|--------------|------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------|
|    | By:                                                                                                          | /s/ Anthony              C. Pintsopoulos |
|         | Anthony              C. Pintsopoulos                                                                                   |
|         | Chief                Financial Officer (PrincipalFinancial                and Accounting                Officer)  |

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