SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                   FORM 10-QSB

           [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                 For the Quarterly Period ended: March 31, 2006


                        Commission file number 33-13791-D
                                               0-50619

                            TONGA CAPITAL CORPORATION
                            -------------------------
             (Exact name of registrant as specified in its charter)

         Colorado                             84-1069035
         --------                             ----------
(State   or other jurisdiction of           (I.R.S. Employer
incorporation or organization)               Identification No.)

6590 E. Lake Pl., Centennial, Colorado                        80111
------------------                                           -----
(Address of principal executive offices)                    (Zip Code)

Registrant's telephone number,
  including area code                         (303) 570-6093
                                              --------------


Check  whether  the  registrant  (1) filed all  reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act of 1934  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

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

As of March 31, 2006, 3,390,039 shares of common stock were outstanding.

Transitional Small Business Disclosure Format: Yes      No  X


<PAGE>



                          PART I--FINANCIAL INFORMATION

Item 1. Financial Statements.

         For financial information,  please see the financial statements and the
notes thereto, attached hereto and incorporated herein by this reference.

     The financial  statements  have been prepared by Tonga Capital  Corporation
without  audit  pursuant  to the rules and  regulations  of the  Securities  and
Exchange  Commission.  Certain  information  and footnote  disclosures  normally
included in financial  statements prepared in accordance with generally accepted
accounting  principles  have been  condensed or omitted as allowed by such rules
and  regulations,  and management  believes that the disclosures are adequate to
make the  information  presented  not  misleading.  These  financial  statements
include  all  of the  adjustments  which,  in the  opinion  of  management,  are
necessary  to  a  fair  presentation  of  financial   position  and  results  of
operations.  All such  adjustments are of a normal and recurring  nature.  These
financial  statements  should be read in conjunction with the audited  financial
statements at December 31, 2005, included in the Company's Form 10-KSB.

                                       2
<PAGE>

<TABLE>
<CAPTION>

                                Table of Contents


                         PART I - FINANCIAL INFORMATION

                                                                                                 PAGE
<S>      <C>

Item 1.  Condensed Consolidated Financial Statements

         Independent Auditor's Report............................................................ F-1

         Balance Sheets March 31, 2006 (unaudited) and December 31,, 2005........................ F-2

         Statements of Operations for the Three Months ended March 31, 2006...................... F-3

         Statements of Stockholders Equity (Deficit) March 31, 2006 (unaudited).................. F-4

         Statements of Cash Flows for the Three Months ended March 31, 2006 ..................... F-5

         Notes to Condensed Consolidated Financial Statements (Unaudited)........................ F-6

Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations... 4

Item 3   Controls and Procedures................................................................. 7

                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings....................................................................... 8

Item 2.  Changes in Securities................................................................... 8

Item 3.  Defaults upon Senior Securities......................................................... 8

Item 4.  Submission of Matters to a Vote of Security Holders..................................... 8

Item 5.  Other Information....................................................................... 8

Item 6.  Exhibits and Reports on Form 8-K........................................................ 8

Signatures....................................................................................... 9
</TABLE>

                                       2



<PAGE>



                                              TONGA CAPITAL CORPORATION

                                                 FINANCIAL STATEMENTS

                                                    MARCH 31, 2006
                                                     (UNAUDITED)



<PAGE>
<TABLE>
<CAPTION>

                           TONGA CAPTIAL CORPORATION
                                 Balance Sheets


<S>                                                                              <C>                     <C>

                                                                                    Unaudited                  Audited
                                                                                    March 31,               December 31,
                                                                                      2006                      2005
                                                                                 ----------------         ------------------
ASSETS:

Current assets:

   Cash                                                                                      $ -                        $ -
                                                                                 ----------------         ------------------

Total Current Assets                                                                           -                          -
                                                                                 ----------------         ------------------

TOTAL ASSETS                                                                                 $ -                        $ -
                                                                                 ================         ==================


LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT):
Current Liabilities:

   Accounts Payable & Accrued Expenses                                                   $ 1,249                    $ 1,249
                                                                                 ----------------         ------------------

Total Current Liabilities                                                                  1,249                      1,249
                                                                                 ----------------         ------------------

Stockholders' Equity (Deficit):
Common Stock, $.01 par value; 500,000,000 shares
   authorized, 24,390,039 shares issued and outstanding                                  243,900                    243,900
Additional Paid-In Capital                                                               766,760                    766,760
Deficit accumulated during the exploratory stage                                      (1,011,909)                (1,011,909)
                                                                                 ----------------         ------------------
Total Stockholders' Deficit                                                               (1,249)                    (1,249)
                                                                                 ----------------         ------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                         $ -                        $ -
                                                                                 ================         ==================

</TABLE>

See Accountants' Review Report

                                      F-2
<PAGE>
<TABLE>
<CAPTION>


                           TONGA CAPITAL CORPORATION
                            Statements of Operations

                                  (Unaudited)








<S>                                                        <C>                 <C>

                                                                   Three-Months Ended
                                                                       March 31,
                                                           -----------------------------------

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


Revenue                                                               $ -                 $ -

Expenses:
   General and Administrative                                           -                   -
                                                           ---------------     ---------------
Total Expenses                                                          -                   -
                                                           ---------------     ---------------
Net (Loss)                                                            $ -                 $ -
                                                           ===============     ===============


Per Share Information:

   Weighted average number of
     common shares outstanding                                 24,390,039           3,390,039
                                                           ---------------     ---------------
Net Loss per Common Share                                        $ -                 $ -
                                                           ---------------     ---------------

See Accountants' Review Report
</TABLE>

                                      F-3

<PAGE>
<TABLE>
<CAPTION>


                           TONGA CAPITAL CORPORATION
                            Statement of Cash Flows

                                  (Unaudited)



                                                                                        Three-Months Ended
                                                                                   March 31,
                                                                                  --------------------------------
                                                                                      2006              2005
                                                                                  -------------     --------------
<S>                                                                               <C>               <C>

Cash Flows from Operating Activities:
Net Loss                                                                                   $ -                $ -
  Adjustments to reconcile net loss to cash used in
    operating activities:
   Increase (Decrease) in Accrued Expenses                                                   -                  -
   Decrease (Increase) in Prepaid Expenses                                                   -                  -
                                                                                  -------------     --------------

Net Cash Used by Operating Activiites                                                        -                  -

Net Increase (Decrease) in Cash                                                              -                  -
                                                                                  -------------     --------------

Cash and cash equivalents - Beginning of period                                              -                  -
                                                                                  -------------     --------------
Cash and cash equivalents - End of period                                                  $ -                $ -
                                                                                  =============     ==============


Supplemental Disclosure of Cash Flow Information
   Cash Paid During the Year for:
      Interest                                                                             $ -                $ -
                                                                                  =============     ==============
      Income Taxes                                                                         $ -                $ -
                                                                                  =============     ==============
See Accountants' Review Report
</TABLE>

                                      F-4
<PAGE>
<TABLE>
<CAPTION>


                           TONGA CAPITAL CORPORATION
                   Statement of Stockholders' Equity (Deficit)
                                 March 31, 2006

                                  (Unaudited)






                                                                                  Additional
                                                Common Stock                        Paid-In            Accumulated
                                               # of Shares        Amount            Capital            Deficit            Totals
                                              --------------   --------------    --------------     --------------     -------------
<S>                                           <C>              <C>               <C>                <C>                <C>

Balance - December 31, 1998                       3,377,539         $ 33,775         $ 601,760         $ (635,535)              $ -
                                              --------------   --------------    --------------     --------------     -------------
Net Loss for Year                                         -                -                 -                  -                 -
                                              --------------   --------------    --------------     --------------     -------------
Balance - December 31, 1999                       3,377,539           33,775           601,760           (635,535)                -
                                              --------------   --------------    --------------     --------------     -------------

Net Loss for Year                                         -                -                 -                  -                 -
                                              --------------   --------------    --------------     --------------     -------------
Balance - December 31, 2000                       3,377,539           33,775           601,760           (635,535)                -
                                              --------------   --------------    --------------     --------------     -------------
Net Loss for Year                                         -                -                 -            (50,000)          (50,000)
                                              --------------   --------------    --------------     --------------     -------------
Balance - December 31, 2001                       3,377,539           33,775           601,760           (685,535)          (50,000)
                                              --------------   --------------    --------------     --------------     -------------
Issuance of stock for Asset Acquistion 8/02          12,500              125                 -                  -               125
Net Loss for Year                                         -                -                 -               (450)             (450)
                                              --------------   --------------    --------------     --------------     -------------
Balance - December 31, 2002                       3,390,039           33,900           601,760           (685,985)          (50,325)
                                              --------------   --------------    --------------     --------------     -------------
Net Loss for Year                                         -                -                 -            (39,850)          (39,850)
                                              --------------   --------------    --------------     --------------     -------------
Balance - December 31, 2003                       3,390,039           33,900           601,760           (725,835)          (90,175)
                                              --------------   --------------    --------------     --------------     -------------
Issuance of stock for cash                       21,000,000          210,000           165,000                  -           375,000
Net Loss for Year                                         -                -                 -           (286,012)         (286,012)
                                              --------------   --------------    --------------     --------------     -------------
Balance - December 31, 2004                      24,390,039          243,900           766,760         (1,011,847)           (1,187)
                                              --------------   --------------    --------------     --------------     -------------
Net Loss for Year                                         -                -                 -                (62)              (62)
                                              --------------   --------------    --------------     --------------     -------------
Balance - December 31, 2005                      24,390,039          243,900           766,760         (1,011,909)           (1,249)
                                              --------------   --------------    --------------     --------------     -------------
Net Loss for Period                                       -                -                 -                  -                 -
                                              --------------   --------------    --------------     --------------     -------------
Balance - March 31, 2006                         24,390,039        $ 243,900         $ 766,760        $(1,011,909)         $ (1,249)
                                              ==============   ==============    ==============     ==============     =============

See Accountants' Review Report
</TABLE>
                                      F-5

<PAGE>
                                              TONGA CAPITAL CORPORATION
                                            Notes to Financial Statements
                                                    March 31, 2006
                                                     (Unaudited)





Note 1 - Presentation of Interim Information:

In the opinion of the management of Tonga Capital  Corporation the  accompanying
unaudited  financial  statements  include  all  normal  adjustments   considered
necessary to present fairly the financial  position as of March 31, 2006 and the
results of operations  for the  three-months  ended March 31, 2006 and 2005, and
cash flows for the three-months  ended March 31, 2006 and 2005.  Interim results
are not necessarily indicative of results for a full year.

The financial  statements and notes are presented as permitted by Form 10-Q, and
do not contain certain  information  included in the Company's audited financial
statements and notes for the fiscal year ended December 31, 2005.

Note 2 - Going Concern:

The Company's financial statement have been presented on the basis that they are
a  going  concern,   which  contemplates  the  realization  of  assets  and  the
satisfaction of liabilities in the normal course of business.

The future  success of the Company is likely  dependent on its ability to attain
additional  capital,  or to find an  acquisition  to add  value  to its  present
shareholders  and  ultimately,  upon its  ability  to attain  future  profitable
operations.  There can be no assurance  that the Company will be  successful  in
obtaining  such  financing,  or that it will  attain  positive  cash  flow  from
operations. Management believes that actions presently being taken to revise the
Company's operating and financial  requirements  provide the opportunity for the
Company to continue as a going concern.

                                      F-6

<PAGE>


Item 2. Management's Discussion and Analysis or Plan of Operation.
- - ------------------------------------------------------------------


Cautionary and Forward Looking Statements

     In addition to  statements of historical  fact,  this Form 10-QSB  contains
forward-looking  statements. The presentation of future aspects of Tonga Capital
Corporation("Tonga  Capital  Corporation,"  the "Company" or "issuer")  found in
these  statements is subject to a number of risks and  uncertainties  that could
cause  actual  results  to  differ  materially  from  those  reflected  in  such
statements.  Readers  are  cautioned  not  to  place  undue  reliance  on  these
forward-looking  statements,  which reflect management's analysis only as of the
date hereof.  Without  limiting the generality of the  foregoing,  words such as
"may," "will," "expect,"  "believe,"  "anticipate,"  "intend," or "could" or the
negative  variations thereof or comparable  terminology are intended to identify
forward-looking statements.

     These forward-looking statements are subject to numerous assumptions, risks
and uncertainties that may cause Tonga Capital  Corporation's  actual results to
be materially  different from any future  results  expressed or implied by Tonga
Capital  Corporation  in those  statements.  Important  facts that could prevent
Tonga Capital  Corporation from achieving any stated goals include,  but are not
limited to, the following:

         Some of these risks might include, but are not limited to, the
following:

                  (a)      volatility or decline of the Company's stock price;

                  (b)      potential fluctuation in quarterly results;

                  (c)      failure of the Company to earn revenues or profits;

                  (d)      inadequate capital to continue or expand its busi-
                           ness, inability to raise additional capital or financ
                           -ing to implement its business plans;

                  (e)      failure to commercialize its technology or to make
                           sales;

                  (f)      rapid and significant changes in markets;

                  (g)      litigation with or legal claims and allegations by
                           outside parties;

                  (h)      insufficient revenues to cover operating costs.

                                       4


<PAGE>

         There is no assurance that the Company will be profitable, the Company
may not be able to successfully develop, manage or market its products and
services, the Company may not be able to attract or retain qualified executives
and technology personnel, the Company's products and services may become
obsolete, government regulation may hinder the Company's business, additional
dilution in outstanding stock ownership may be incurred due to the issuance of
more shares, warrants and stock options, or the exercise of warrants and stock
options, and other risks inherent in the Company's businesses.

The Company undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the date hereof.
Readers should carefully review the factors described in other documents the
Company files from time to time with the Securities and Exchange Commission,
including the Quarterly Reports on Form 10-QSB and Annual Report on Form 10-KSB
filed by the Company in 2006 and any Current Reports on Form 8-K filed by the
Company.

LIQUIDITY AND CAPITAL RESOURCES

The Company had $0 cash capital at the end of the period and current liabilities
exceeded current assets by $1,187.  The Company will be forced to either borrow
or make private  placements of stock in order to fund  operations.  No assurance
exists as to the ability to achieve loans or make private placements of stock.

Results of  Operations  for the Quarter  Ended  March 31, 2006  compared to same
period in 2005.
- - ----------------------------------------------------------------------------
The Company had no revenue or operations for the period. The Company incurred no
general  and  administrative  expenses  in the  period in 2006 and in 2005.  The
Company had no loss on operations for the period in 2006 or 2005.

The profit/loss per share was none in the period in 2006 in 2005.

                                       5

<PAGE>

     (b) Liquidity and Capital Resources.  At March 31, 2006, the Company had no
cash or other liquid assets with which to conduct  operations,  except inventory
held for  sale.  There  can be no  assurance  that the  Company  will be able to
complete its business  plan and to exploit fully any business  opportunity  that
management may be able to locate on behalf of the Company.  Due to the lack of a
specified business opportunity,  the Company is unable to predict the period for
which it can conduct  operations.  Accordingly,  the  Company  will need to seek
additional  financing  through loans,  the sale and issuance of additional  debt
and/or equity  securities,  or other financing  arrangements.  Management of the
Company  and its  counsel  have  advised  that they will pay  certain  costs and
expenses  of the Company  from their  personal  funds as interest  free loans in
order to facilitate  development  of the  Company's  business  plan.  Management
believes  that  the  Company  has  inadequate  working  capital  to  pursue  any
operations at this time;  however,  loans to the Company from management and its
counsel may facilitate  development  of the business  plan. For the  foreseeable
future,  the  Company  through  its  management  and  counsel  intend  to pursue
acquisitions  as a means to develop the Company.  The Company does not intend to
pay dividends in the foreseeable  future. As of the end of the reporting period,
the Company had no material cash or cash  equivalents.  There was no significant
change in working capital during this quarter.

NEED FOR ADDITIONAL FINANCING

     The Company does not have capital  sufficient  to meet the  Company's  cash
needs,   including  the  costs  of  compliance  with  the  continuing  reporting
requirements  of the  Securities  Exchange Act of 1934. The Company will have to
seek  loans or equity  placements  to cover  such cash  needs.  In the event the
Company is able to complete a business  combination during this period,  lack of
its  existing  capital  may  be a  sufficient  impediment  to  prevent  it  from
accomplishing  the goal of carrying  out any  business.  There is no  assurance,
however, that without funds it will ultimately allow registrant to carry out any
business.

The  Company  will  need to raise  additional  funds  to  conduct  its  business
activities in the next twelve months.

         No commitments to provide additional funds have been made by management
or  other  stockholders.  Accordingly,  there  can  be  no  assurance  that  any
additional  funds  will be  available  to the  Company  to allow it to cover its
expenses as they may be incurred.

         Irrespective   of  whether  the  Company's  cash  assets  prove  to  be
inadequate to meet the Company's  operational  needs,  the Company might seek to
compensate providers of services by issuances of stock in lieu of cash.

                                       6

<PAGE>


     The Company's auditor has issued a "going concern" qualification as part of
his opinion in the Audit Report. There is substantial doubt about the ability of
the  Company to  continue as a "going  concern."  The  Company has no  business,
limited capital, debt of $1,249, all of which is current, no cash, nominal other
assets, and no capital commitments.

     Management hopes to develop a business plan and will need, at which to seek
and obtain funding,  via loans or private placements of stock for operations and
to provide working capital.  Management has plans to seek capital in the form of
loans or stock private placements in the next quarter.

ITEM 3.    CONTROLS AND PROCEDURES

     The  Company's  Chief  Executive  Officer and Chairman  have  evaluated the
effectiveness of the Company's disclosure controls and procedures (as defined in
Rules  13a-15(e) and  15d-15(e)  under the  Securities  Exchange Act of 1934, as
amended) as of the end of the period covered by this quarterly  report March 31,
2006 and, based on this evaluation,  have concluded that the disclosure controls
and procedures are effective.

     There have been no changes in the Company's internal control over financial
reporting that occurred during the Company's first fiscal quarter March 31, 2006
that has materially affected,  or is reasonably likely to materially affect, the
Company's internal control over financial reporting.

                                       7
<PAGE>



PART II--OTHER INFORMATION

Item 1. Legal Proceedings.
- - --------------------------

There are no  pending  legal  proceedings,  and the  Company is not aware of any
threatened  legal  proceedings,  to which the Company is a party or to which its
property is subject.

Item 2. Changes in Securities.
- - ------------------------------

         (a) There have been no material modifications in any of the instruments
defining  the  rights  of  the  holders  of  any  of  the  Company's  registered
securities.

         (b)  None  of the  rights  evidenced  by  any  class  of the  Company's
registered  securities have been materially limited or qualified by the issuance
or modification of any other class of the Company's securities.

Item 3. Defaults Upon Senior Securities.
- - ----------------------------------------

         (Not applicable)

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

         (Not applicable)

Item 5. Other Information.
- - --------------------------

         (Not applicable)

Item 6. Exhibits and Reports on Form 8-K.
- - -----------------------------------------

         (a) Exhibits

          32    Sarbanes-Oxley Certification
          33    Sarbanes-Oxley Certification

         (b) Reports on Form 8-K - None



                                       8

<PAGE>


                                   SIGNATURES


         In accordance with the  requirements of the Securities  Exchange Act of
1934, as amended,  the registrant  caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

                                                     TONGA CAPITAL, INC.


Date: May 19, 2006
                                                     /s/Jeffrey Ploen
                                                    -------------------------
                                                    Jeffrey Ploen, President



                                       9