| Delaware                                         |   | 75–3189552                                       |
|--------------------------------------------------|--------|--------------------------------------------------------|
| (State                or other jurisdiction      |   | (I.R.S.                Employer Identification Number) |
| of                incorporation or organization) |   |                                                   |

| Large                accelerated filer o                     | Accelerated                filero           |
|--------------------------------------------------------------|---------------------------------------------|
| Non-accelerated                filer o                       | Smaller                reporting company x. |
| (Do                not check if a smaller reporting company) |                                        |

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** **

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**SRKP      3, INC.**

**-      INDEX -**

|                                                     |                                                                                                                                                                                                                                                               |   | Page   |
|----------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| **PART                I – FINANCIAL INFORMATION:** |                                                                                                                                                                                                                                                               |   |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
| Item                1.                                   | Financial                Statements:                                                                                                                                                                                                                               |   | 1      |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
|                                                     | Balance                Sheets as of March 31, 2008 (Unaudited) and December 31,                2007                                                                                                                                                                |   | 2      |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
|                                                     | Statements                of Operations (Unaudited) for the Three Months Ended March 31,                2008 and March 31, 2007, and for the Cumulative Period from April 29,                2005 (Inception)                to March 31, 2008           |   | 3      |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
|                                                     | Statements                of Cash Flows (Unaudited) for the Three Months Ended March 31, 2008                and                March 31, 2007, and for the Cumulative Period from April 29,                2005 (Inception)                to March 31, 2008 |   | 4      |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
|                                                     | Notes                to Financial Statements                                                                                                                                                                                                                       |   | 5      |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
| Item                2.                                   | Management’s                Discussion and Analysis of Financial Condition and Results of                Operations                                                                                                                                          |   | 8      |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
| Item                3.                                   | Quantitative                and Qualitative Disclosures About Market Risk                                                                                                                                                                                          |   | 10     |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
| Item                4T.                                  | Controls                and Procedures                                                                                                                                                                                                                             |   | 10     |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
| **PART                II – OTHER INFORMATION**:    |                                                                                                                                                                                                                                                               |   |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
| Item                1.                                   | Legal                Proceedings                                                                                                                                                                                                                                   |   | 10     |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
| Item                1A.                                  | Risk                Factors                                                                                                                                                                                                                                        |   | 10     |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
| Item                2.                                   | Unregistered                Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                         |   | 11     |
|                                                     |                                                                                                                                                                                                                                                               |   |   |
| Item                3.                                   | Defaults                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                                               |                                                                                                                                                                                                                                                               | 12     |

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**PART      I – FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

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**SRKP      3, INC.**

**A      Development Stage Company**

**BALANCE      SHEETS**

|                                                                                                                                      |   | **March 31,** |    | **December 31,** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|-----------------------|--------|
|                                                                                                                                      |   | **2008**           |    | **2007**              |   |
|                                                                                                                                      |   | **(Unaudited)**    |    |                  |   |
| **ASSETS**                                                                                                                                |   |               |    |                  |   |
|                                                                                                                                      |   |               |    |                  |   |
| **CURRENT                ASSETS:**                                                                                                        |   |               |    |                  |   |   |   |
| Cash                                                                                                                                      |   | $                  | 2,708   |                  | $      | 7,017 |   |
|                                                                                                                                      |   |               |    |                  |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY (DEFICIT)**                                                                         |   |               |    |                  |   |   |   |
|                                                                                                                                      |   |               |    |                  |   |   |   |
| **CURRENT                LIABILITIES:**                                                                                                   |   |               |    |                  |   |   |   |
|                                                                                                                                      |   |               |    |                  |   |   |   |
| Due                to Stockholders                                                                                                        |   | $                  | 50,000  |                  | $      | 50,000 |   |
|                                                                                                                                      |   |               |    |                  |   |   |   |
| **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   |                  |   | 2,700 |   |
|                                                                                                                                      |   |               |    |                  |   |   |   |
| Additional                paid-in capital                                                                                                 |   |               | 47,300  |                  |   | 47,300 |   |
|                                                                                                                                      |   |               |    |                  |   |   |   |
| (Deficit)                accumulated during development stage                                                                             |   |               | (97,292 | )                     |   | (92,983 | ) |
|                                                                                                                                      |   |               |    |                  |   |   |   |
| Total                Stockholders' Equity (Deficit)                                                                                       |   |               | (47,292 | )                     |   | (42,983 | ) |
|                                                                                                                                      |   |               |    |                  |   |   |   |
|                                                                                                                                      |   | $                  | 2,708   |                  | $      | 7,017 |   |

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS.**

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**SRKP      3, INC.**

**A      Development Stage Company**

**STATEMENTS      OF OPERATIONS**

|                                                                    |   |                                        |      |                                        |   | **Cumulative****from**       |   |
|-------------------------------------------------------------------------|--------|---------------------------------------------|-----------|---------------------------------------------|--------|------------------------------|--------|
|                                                                    |   |                                        |      |                                        |   | **April 29, 2005** |   |
|                                                                    |   | **Three Months **                 |      | **Three Months**                       |   | **(Inception) to**      |   |
|                                                                    |   | **Ended ****March 31, 2008** |      | **Ended ****March 31, 2007** |   | **March 31,****2008**   |   |
|                                                                    |   | **(Unaudited)**                             |      | **(Unaudited)**                             |   | **(Unaudited)**              |   |
|                                                                    |   |                                        |      |                                        |   |                         |   |
| **REVENUE**                                                             |   | $                                           | —   |                                        | $      | —                      |   | $ | — |   |
|                                                                    |   |                                        |      |                                        |   |                         |   |   |   |   |
| **EXPENSES**                                                            |   |                                        | 4,309     |                                        |   | 13,300                       |   |   | 97,292 |   |
|                                                                    |   |                                        |      |                                        |   |                         |   |   |   |   |
| **NET                (LOSS)**                                           |   | $                                           | (4,309    | )                                           | $      | (13,300                      | )      | $ | (97,292 | ) |
|                                                                    |   |                                        |      |                                        |   |                         |   |   |   |   |
| **NET                (LOSS) PER COMMON SHARE-BASIC**                    |   | $                                           | *         |                                        | $      | *                            |   |   |   |   |
|                                                                    |   |                                        |      |                                        |   |                         |   |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF COMMON SHARES OUTSTANDING** |   |                                        | 2,700,000 |                                        |   | 2,700,000                    |   |   |   |   |

***      Less than $.01**

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS.**

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**SRKP      3, INC.**

**A      Development Stage Company**

**STATEMENTS      OF CASH FLOWS**

|                                                                                                                                  |   |                         |   |                         |   | **Cumulative from**     |   |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|--------|------------------------------|--------|------------------------------|--------|
|                                                                                                                                  |   | **Three Months**        |   | **Three Months**        |   | **April 29, 2005** |   |
|                                                                                                                                  |   | **Ended**                    |   | **Ended**                    |   | **(Inception) to**      |   |
|                                                                                                                                  |   | **March 31, 2008** |   | **March 31, 2007** |   | **March 31, 2008** |   |
|                                                                                                                                  |   | **(Unaudited)**              |   | **(Unaudited)**              |   | **(Unaudited)**              |   |
|                                                                                                                                  |   |                         |   |                         |   |                         |   |
| **CASH                FLOWS FROM (TO) OPERATING ACTIVITIES:**                                                                         |   |                         |   |                         |   |                         |   |   |   |   |
| Net                (loss)                                                                                                             |   | $                            | (4,309 | )                            | $      | (13,300                      | )      | $ | (97,292 | ) |
|                                                                                                                                  |   |                         |   |                         |   |                         |   |   |   |   |
| Adjustments                      to reconcile net (loss) to net cash provided by (used in) operating                      activities: |   |                         |   |                         |   |                         |   |   |   |   |
| Changes                in:                                                                                                            |   |                         |   |                         |   |                         |   |   |   |   |
| Accounts                Payable                                                                                                       |   |                         | -      |                         |   | 5,739                        |   |   | - |   |
|                                                                                                                                  |   |                         |   |                         |   |                         |   |   |   |   |
| Net                Cash (Used In) Operating Activities                                                                                |   |                         | (4,309 | )                            |   | (7,561                       | )      |   | (97,292 | ) |
|                                                                                                                                  |   |                         |   |                         |   |                         |   |   |   |   |
| **CASH                FLOWS FROM (TO) FINANCING ACTIVITIES:**                                                                         |   |                         |   |                         |   |                         |   |   |   |   |
| Common                stock issued for cash                                                                                           |   |                         | -      |                         |   | -                            |   |   | 47,500 |   |
| Collection                of subscription receivable                                                                                  |   |                         | -      |                         |   | -                            |   |   | 2,500 |   |
|                                                                                                                                  |   |                         |   |                         |   |                         |   |   |   |   |
| Advances                from Stockholders                                                                                             |   |                         | -      |                         |   | 10,000                       |   |   | 50,000 |   |
|                                                                                                                                  |   |                         |   |                         |   |                         |   |   |   |   |
| Net                Cash Provided by Financing Activities                                                                              |   |                         | -      |                         |   | 10,000                       |   |   | 100,000 |   |
|                                                                                                                                  |   |                         |   |                         |   |                         |   |   |   |   |
| **NET                INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS:**                                                              |   |                         | (4,309 | )                            |   | 2,439                        |   |   | 2,708 |   |
|                                                                                                                                  |   |                         |   |                         |   |                         |   |   |   |   |
| **CASH                  AND CASH EQUIVALENTS, BEGINNING** **OF                  PERIOD**                                         |   |                         | 7,017  |                         |   | 928                          |   |   | - |   |
|                                                                                                                                  |   |                         |   |                         |   |                         |   |   |   |   |
| **CASH                      AND CASH EQUIVALENTS, END OF                      PERIOD**                                                |   | $                            | 2,708  |                         | $      | 3,367                        |   | $ | 2,708 |   |

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS.**

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**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**

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**SRKP      3, INC.**

**A      Development Stage Company**

**NOTES      TO FINANCIAL STATEMENTS**

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

**Cash      and Cash Equivalents**

**Concentrations      of Credit Risk**

**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 **

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**SRKP      3, INC.**

**A      Development Stage Company**

**NOTES      TO FINANCIAL STATEMENTS**

**NOTE      4 – INTIAL PUBLIC OFFERING **

**NOTE      5 - DUE TO STOCKHOLDERS**

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**Item      2. Management’s Discussion and Analysis of Financial Condition and Results of      Operations. **

***Forward      Looking Statement Notice***

***Description      of Business***

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***Liquidity      and Capital Resources***

|                                                                |   |                         |   | Cumulative Period From                  |   |
|---------------------------------------------------------------------|--------|------------------------------|--------|---------------------------------------------------|--------|
|                                                                |   | Three months Ended |   | April 29, 2005 (Inception) to |   |
|                                                                |   | March 31, 2008     |   | March 31, 2008                          |   |
|                                                                |   |                         |   |                                              |   |
| Net                cash (used) in operating activities              |   | $                            | (4,309 | )                                       | $      | (97,292 | ) |
| Net                cash (used) in investing activities              |   | $                            | 0      |                                              | $      | 0 |   |
| Net                cash provided by financing activities            |   | $                            | 0      |                                              | $      | 100,000 |   |
| Net                increase (decrease) in cash and cash equivalents |   | $                            | (4,309 | )                                                 | $      | 2,708 |   |

***Results      of Operations***

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***Off-Balance      Sheet Arrangements***
** **

** **

***Contractual      Obligations***

**Item      3. Quantitative and Qualitative Disclosures About Market      Risk.**

**Item      4T. Controls and Procedures.**

***Evaluation      of Disclosure Controls and Procedures***

***Changes      in Internal Controls***

**PART      II — OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      1A. Risk Factors.**

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**Item      2. Unregistered Sales of Equity Securities and Use of Proceeds.**

**Item      3. Defaults Upon Senior Securities.**

**Item      4. Submission of Matters to a Vote of Security Holders.**

**Item      5. Other Information.**

**Item      6. Exhibits.**

| Exhibit No. |   | Description                                                                                                                                                                                                                                                                                        |
|------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|             |   |                                                                                                                                                                                                                                                                                               |
| *3.1             |   | Certificate                of Incorporation, as filed with the Delaware Secretary of State on                April                29, 2005.                                                                                                                                                        |
|             |   |                                                                                                                                                                                                                                                                                               |
| *3.2             |   | Amended                and Restated By-laws.                                                                                                                                                                                                                                                       |
|             |   |                                                                                                                                                                                                                                                                                               |
| 31.1             |   | Certification                of the Company’s Principal Executive Officer pursuant to Section 302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                Report on Form 10-Q for the quarter ended March 31,                2008. |
|             |   |                                                                                                                                                                                                                                                                                               |
| 31.2             |   | Certification                of the Company’s Principal Financial Officer pursuant to Section 302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                Report on Form 10-Q for the quarter ended March 31,                2008. |
|             |   |                                                                                                                                                                                                                                                                                               |
| 32.1             |   | Certification                of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002.                                                             |
|             |   |                                                                                                                                                                                                                                                                                               |
| 32.2             |   | Certification                of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002.                                                             |

| * | Filed                as an exhibit to the Company's Registration Statement on Form SB-2,                as                filed with the SEC on July 7, 2005, and incorporated herein by this                reference. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

|                              | **SRKP                3, INC.** |
|-----------------------------------|---------------------------------|
|                              |                            |   |
| Dated:                May 6, 2008 | By:                             |  /s/                Richard A. Rappaport |
|                              |                            |                  Richard A. Rappaport |
|                              |                            |   President                and Director |
|                              |                            |   |
| Dated:                May 6, 2008 | By:                             |  /s/                Anthony C. Pintsopoulos |
|                              |                            |                  Anthony C. Pintsopoulos |
|                              |                            |   Secretary, Chief Financial Officer and Director |

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