SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                  FORM 10-QSB/A

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

                 For the Quarterly Period ended: June 30, 2006


                        Commission file number 00-50619

                            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.)

2600 South Shore Blvd., Suite 100, League City, TX 77573
- ---------------------------------------------------
(Address of principal executive offices)     (Postal Code)


        Registrant's telephone number, including area code (281) 334-5161
                                                           --------------
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 Act). X Yes  __ No

As of June 30, 2006, 47,127,539 shares of common stock were outstanding.

Transitional Small Business Disclosure Format: Yes      No  X


<PAGE>

                       Statement Regarding This Amendment

          We are amending our Quarterly  Report on Form 10-QSB/A for the quarter
          ended June 30, 2006 as  previously  filed on August 22, 2006.  We have
          identified  certain accounting errors related to costs associated with
          the  reverse  acquisition  as  well as the  number  of  common  shares
          outstanding  that are revised  herein.  We also determined that we had
          not properly accrued expenses relating to legal fees, accounting fees,
          and  origination  fees,  nor had we properly  accounted  for  warrants
          issued in connection with the bridge financing.

          We have added further disclosures to footnote 8 to disclose a $400,000
          note payable  assumed in connection  with the reverse  acquisition  we
          participated in on June 30, 2006. The effect of the changes related to
          accounting  for  the  issues  described  above  on  our  statement  of
          operations from inception through June 30, 2006 was an increase in our
          net loss attributable to common  shareholders of $434,869.  Basic loss
          attributable to common  shareholders per share from inception  through
          June 30,2006 was a decrease of $0.01.  The effect on our balance sheet
          as of June 30, 2006 was a decrease  in total  assets of  $223,323,  an
          increase  in  total   liabilities   of   $286,086,   and  decrease  in
          stockholders' equity of $509,409.

         In all other material  respects,  this Amended Quarterly Report on Form
         10-QSB/A  is  unchanged  from  the  Quarterly  Report  on  Form  10-QSB
         previously  filed on  August  22,  2006.  This  Amended  Report on Form
         10-QSB/A does not attempt to modify or update any other disclosures set
         forth  in the  Form  10-QSB  previously  filed  or  discuss  any  other
         developments after the respective date of that filing except to reflect
         the effects of the restatements  described  above,  except as otherwise
         specifically  identified herein.  This amendment should also be read in
         conjunction  with our Annual  Report on Form  10-KSB for the year ended
         December 31, 2005.


<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.

<PAGE>
<TABLE>
<CAPTION>


                            TONGA CAPITAL CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                           Consolidated Balance Sheet

                                  (Unaudited)

<S>                                                                                         <C>

                                                                                                     June 30,
                                                                                                       2006
                                                                                                    (Restated)
                                                                                            ---------------------------
ASSETS
Current Assets
   Cash                                                                                                    $   288,769
   Prepaid insurance                                                                                             7,250
                                                                                            ---------------------------
Total Current Assets                                                                                           296,019

Office furniture, net of accumulated depreciation of $ -0-                                                       1,507
Asset being developed for our own use                                                                          100,076
Other assets - security deposits                                                                                17,858
                                                                                            ---------------------------
TOTAL ASSETS                                                                                               $   415,460
                                                                                            ===========================

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
    Accounts payable                                                                                       $    17,641
    Accrued expenses                                                                                             1,568
    Note payable -related party                                                                                400,000
    Convertible note payable, net of discount of $130,306                                                      369,694
                                                                                            ---------------------------
Total Current Liabilities                                                                                      788,903
                                                                                            ---------------------------

Stockholders' Equity (Deficit):
Common Stock, $.01 par value; 500,000,000 shares
authorized, 47,127,539 issued and  outstanding                                                                 471,275

Additional paid-in capital                                                                                    (301,915)

Deficit accumulated during development stage                                                                  (542,803)
                                                                                            ---------------------------
Total Stockholders' Equity (Deficit)                                                                          (373,443)
                                                                                            ---------------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                                 $   415,460
                                                                                            ===========================

See accompanying notes to consolidated financial statements.

</TABLE>



<PAGE>
<TABLE>
<CAPTION>



                            TONGA CAPITAL CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                      Consolidated Statement of Operations
          For the Period From Inception (May 8, 2006) to June 30, 2006
                              (Unaudited, Restated)
<S>                                                                            <C>



       Revenue                                                                                      $          -
                                                                               ------------------------------------
       Expenses
          Plant expenses                                                                                     7,250
          General and administrative                                                                       123,518
          Recapitalization expenses                                                                        400,000
                                                                               ------------------------------------
       Total Expenses                                                                                      530,768
                                                                               ------------------------------------
       Loss from Operations                                                                               (530,768)
                                                                               ------------------------------------

       Other Income (Expense)
          Interest income                                                                                      283

          Interest expense                                                                                 (12,318)
                                                                               ------------------------------------

       Total Other Income (Expense)                                                                        (12,035)
                                                                               ------------------------------------

       Net Loss                                                                                     $     (542,803)
                                                                               ====================================

       Per Share Information:
          Weighted average number of
            common shares outstanding                                                                   39,420,417
                                                                               ------------------------------------

       Net Loss per Common Share                                                                    $        (0.01)

                                                                               ====================================


See accompanying notes to consolidated financial statements.

</TABLE>



<PAGE>
<TABLE>
<CAPTION>


                            TONGA CAPITAL CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                       Consolidated Statement of Cash Flow
                              (Unaudited, Restated)
          For the Period From Inception (May 8, 2006) to June 30, 2006
<S>                                                                                  <C>


Cash Flows from Operating Activities
Net loss                                                                                                $      (542,803)
  Adjustments to reconcile net loss to cash used in
    operating activities:
     Amortization of debt discount                                                                               10,750
     Recapitalization expense                                                                                   400,000
     Changes in:
       Accounts payable                                                                                          17,641
       Accrued expenses                                                                                           1,568
       Prepaid insurance                                                                                         (7,250)
                                                                                    ------------------------------------
Net Cash Used in Operating Activities                                                                          (120,094)
                                                                                    ------------------------------------

Cash Flows from Investing Activities
   Acquisition of fixed assets                                                                                  (79,757)
    Increase in security deposits                                                                               (17,858)
                                                                                    ------------------------------------
Net Cash Used in Investing Activities                                                                           (97,615)
                                                                                    ------------------------------------

Cash Flows from Financing Activities
    Proceeds from related party notes payable                                                                   250,000
    Proceeds from convertible notes payable                                                                     250,000
   Costs contributed by principal owner                                                                           6,478
                                                                                    ------------------------------------
Net Cash Provided by Financing Activities                                                                       506,478
                                                                                    ------------------------------------
Net Increase in Cash                                                                                            288,769

Cash and cash equivalents - Beginning of period                                                                       -
                                                                                    ------------------------------------
Cash and cash equivalents - End of period                                                                $      288,769
                                                                                    ====================================

Supplemental Disclosure of Cash Flow Information
   Cash Paid During the Year for:
      Interest                                                                                           $            -
                                                                                    ====================================
      Income Taxes                                                                                       $            -
Investing activities
    Capitalized interest during construction period                                                      $       21,826
Financing activities
     Note payable issued for recapitalization                                                            $      400,000
                                                                                    ====================================

See accompanying notes to consolidated financial statements.

</TABLE>



<PAGE>
<TABLE>
<CAPTION>




                           TONGA CAPITIAL CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
            Consolidated Statement of Stockholders' Equity (Deficit)
        For the Period From Inception (May 8, 2006) through June 30, 2006
                              (Unaudited, Restated)
<S>                                         <C>                  <C>               <C>               <C>                 <C>


                                                                                    Additional
                                                       Common Stock                   Paid-In          Accumulated
                                            -----------------------------------
                                              # of Shares         Par Amount          Capital            Deficit             Totals
                                            -----------------    --------------    --------------    ----------------    -----------
Stock issued at formation                         39,275,000         $ 392,750        $(386,272)         $         -     $    6,478
Reverse Acquisition Capitalization                 7,852,539            78,525          (78,525)                   -              -
Issuance of warrants                                                                     162,882                   -        162,882
Net loss                                                   -                 -                 -           (542,803)       (542,803)
                                            -----------------    --------------    --------------    ----------------    -----------
Balance June 30, 2006                             47,127,539         $ 471,275        $(301,915)         $ (542,803)     $ (373,443)
                                            =================    ==============    ==============    ================    ===========


See accompanying notes to consolidated financial statements.

</TABLE>



<PAGE>


                            TONGA CAPITAL CORPORATION
                          (A Development Stage Company)
                   Consolidated Notes to Financial Statements
                                   (Unaudited)

Note 1 - Basis of Presentation

The accompanying  unaudited interim  consolidated  financial statements of Tonga
Capital  Corporation  (the  "Company")  have been  prepared in  accordance  with
accounting  principles  generally  accepted in the United  States of America for
interim  financial  information  and  with  the  rules  and  regulations  of the
Securities  and Exchange  Commission.  They do not include all  information  and
notes required by U. S. generally  accepted  accounting  principles for complete
financial statements.  These interim consolidated financial statements should be
read in conjunction with the audited  consolidated  financial statements and the
accompanying notes of Momentum Biofuels,  Inc. contained in Tonga's Form 8-K and
Form 8-K/A describing its reverse acquisition with Momentum on June 30, 2006.

In the opinion of management,  all adjustments  (consisting of normal  recurring
accruals)  considered  necessary  for  a  fair  presentation  of  the  financial
position, results of operations and cash flows for the interim periods presented
have been  included.  The  results of  operations  for  interim  periods are not
necessarily indicative of the results that may be expected for any other interim
period or for the full year.

Note 2 - Organization

Tonga Capital  Corporation was  incorporated on January 29, 1987 in Colorado and
has been a non-operating  entity  classified as a shell company under Rule 12b-2
of the Securities Exchange Act of 1934. Momentum Biofuels, Inc. was incorporated
in Texas on May 8, 2006 to begin biodiesel fuel production.

On June 30, 2006 Tonga entered into an Agreement and Plan of Reorganization with
Momentum.  The  shareholders of Momentum  received  39,275,000  shares of common
stock of Tonga in exchange for  39,275,000  shares of  Momentum,  which became a
wholly owned  subsidiary  of Tonga.  This  transaction  was  accounted  for as a
reverse acquisition with Momentum being treated as the accounting acquirer.

Note 3 - Summary of Significant Accounting Policies

Principles of Consolidation

Tonga's consolidated  financial statements include the accounts of Tonga and its
wholly-owned subsidiary.  All significant intercompany accounts and transactions
have been eliminated in consolidation.


Use of Estimates

The  preparation  of  consolidated   financial  statements  in  conformity  with
accounting  principles  generally  accepted  in the  United  States  of  America
requires  management to make estimates and assumptions  that affect the reported
amounts  of assets and  liabilities  and  disclosure  of  contingent  assets and
liabilities at the date of the financial  statements and the reported amounts of
revenues and expenses during the reporting  period.  Actual results could differ
from those estimates.


<PAGE>





Cash Equivalents

Cash  equivalents  include  highly liquid  investments  purchased  with original
maturities of three months or less.

Property and Equipment

Property  and  equipment  are  carried at cost.  Depreciation  of  property  and
equipment is provided  using the  straight-line  method for financial  reporting
purposes at rates based on the following estimated useful lives:

Office equipment, furniture and fixtures                                5 years

The cost of asset  additions  and  improvements  that extend the useful lives of
property and equipment are capitalized. Routine maintenance and repair items are
charged to current operations. The original cost and accumulated depreciation of
asset  dispositions  are  removed  from  the  accounts  and any  gain or loss is
reflected in the statement of operations in the period of disposition.

In accordance  with SFAS No. 144,  "Accounting for the Impairment or Disposal of
Long-Lived  Assets,"  management  reviews long-lived asset groups for impairment
whenever events or changes in circumstances indicate that the carrying amount of
an asset group may not be recoverable. Recoverability of asset groups to be held
and used is measured by a comparison of the carrying amount of an asset group to
future net cash flows  expected  to be  generated  by the asset  group.  If such
assets are  considered  to be  impaired,  the  impairment  to be  recognized  is
measured by the amount by which the carrying  amount of the asset group  exceeds
the fair value of the assets in the group. Assets to be disposed of are reported
at the lower of the carrying amount or fair value less costs to sell.

Assets Being Developed for Our Own Use

Assets being  developed for our own use are stated at cost,  which  includes the
cost of construction and other direct costs attributable to the construction. No
provision  for  depreciation  is made on assets  developed for our own use until
such time as the relevant assets are completed and put into service.

Income Taxes

Tonga and its subsidiary file a consolidated federal tax return.

Tonga uses the  liability  method in accounting  for income taxes.  Deferred tax
assets  and  liabilities  are  recognized  for  temporary   differences  between
financial   statement   carrying  amounts  and  the  tax  bases  of  assets  and
liabilities,  and are measured using the tax rates expected to be in effect when
the differences  reverse.  Deferred tax assets are also recognized for operating
loss and tax  credit  carryforwards.  The  effect on  deferred  tax  assets  and
liabilities  of a change in tax rates is recognized in the results of operations
in the period that includes the enactment date. A valuation allowance is used to
reduce deferred tax assets when uncertainty exists regarding their realization.

Net Loss per Common Share

Basic  net  loss  per  common  share  is  calculated  by  dividing  the net loss
applicable to common shares by the weighted  average number of common and common
equivalent shares  outstanding  during the period. For the period from inception
(May 8, 2006) to June 30, 2006, there were no potential common equivalent shares
used in the  calculation of weighted  average  common shares  outstanding as the
effect would be anti-dilutive because of the net loss.

<PAGE>
<TABLE>
<CAPTION>


<S>                                                                             <C>


Weighted average shares used to compute basic and diluted net loss per
   common share:                                                                    39,420,417
                                                                                ===============
Securities  convertible  into shares of common stock at June 30, 2006,  not used
   because the effect would be anti-dilutive:
      Stock warrants related to notes payable                                          120,000
                                                                                ===============

Total securities convertible into shares of common stock                               120,000
                                                                                ===============
</TABLE>

Recent Accounting Pronouncements

Tonga does not expect that adoption of recently issued accounting pronouncements
will have a material impact on its financial position,  results of operations or
cash flows.

Note 4 - Going Concern

Tonga's financial statements have been presented on the basis that it is a going
concern,  which  contemplates  the realization of assets and the satisfaction of
liabilities in the normal course of business. Tonga's current liabilities exceed
its current assets by $492,884 and it has an accumulated  deficit of $542,803 as
of June 30, 2006.

Tonga has not earned any revenue from operations. Tonga's ability to continue as
a going concern is dependent upon its ability to develop  additional  sources of
capital  and  ultimately,   achieve  profitable  operations.   The  accompanying
financial  statements do not include any adjustments  that might result from the
outcome of these uncertainties.  Management is seeking new capital to revitalize
the Company.

Note 5 - Restatement

Tonga recently  determined that its accounting for the reverse  acquisition with
Momentum  was done in error.  The primary  error was  treating a note payable of
$400,000 which was issued to certain shareholders of Tonga as a stock redemption
when it should have been treated as a  recapitalization  expense.  This note was
issued as consideration for the retirement of shares held by those  shareholders
and is being  treated  as an  expense  of the  acquisition  in  these  financial
statements. Tonga also identified and corrected the following errors:

|X|      Expensed loan origination fees of $10,000
|X|      Accrued legal and accounting fees of $16,392
|X|      Revised the weighted average number of common shares outstanding
|X|      Allocated  proceeds of debt issued  with  warrants of $162,882  between
         debt and equity based upon the relative  fair value of the warrants and
         amortized  the debt  discount as interest  expense over the term of the
         note in the amount of $10,750

Our financial  statements  for the period from  inception  (May 8, 2006) through
June 30, 2006 have been restated for the changes  described above and to correct
reporting related to the operations of the accounting acquirer in our historical
financial statements.  The impact of the adjustments relating to the transaction
on the Balance Sheet as of June 30, 2006 and the Statement of Operations for the
Period from Inception (May 8, 2006) through June 30, 2006 are summarized below:


<PAGE>
<TABLE>
<CAPTION>



<S>                                                     <C>                          <C>                     <C>

<CAPTION>
                                                                As Previously
                                                                Reported                 Adjustment               As Restated
                                                        -------------------------    --------------------    ----------------------
Balance Sheet
Plant equipment                                                     $     78,250            $    (78,250)             $          -
Asset being developed for our own use                                          -                 100,076                   100,076
Goodwill                                                                 245,149                (245,149)                        -
Accounts payable                                                           1,249                  16,392                    17,641
Convertible note payable                                                 250,000                 119,694                   369,694
Notes payable                                                            250,000                (250,000)                        -
Notes payable - related party                                                  -                 400,000                   400,000
Additional paid-in-capital                                              (227,375)                (74,540)                 (301,915)
Deficit accumulated during the development stage                        (107,934)               (434,869)                 (542,803)

Statement of operations
For the Period From Inception (May 8, 2006) to June 30, 2006
General and administrative                                          $    62,399             $     61,119              $    123,518
Recapitalization expense                                                       -                 400,000                   400,000
Interest expense                                                           1,568                  10,750                    12,318
Offering expenses                                                         37,000                 (37,000)                        -

Net Loss                                                                (107,934)               (434,869)                 (542,803)
Weighted average number of common shares
outstanding                                                           32,658,133               6,762,284                39,420,417
Net Loss Per Common Share                                           $      (0.00)                                       $    (0.01)
</TABLE>


Note 6 - Assets Being Developed For Our Own Use

Assets being  developed for our own use are stated at cost,  which  includes the
cost of construction and other direct costs attributable to the construction. No
provision  for  depreciation  is made on assets  developed for our own use until
such time as the relevant assets are completed and put into service.

Tonga  capitalizes   interest  cost  on  borrowings   incurred  during  the  new
construction or upgrade of qualifying assets.  Capitalized  interest is added to
the cost of the underlying  assets and amortized over the estimated useful lives
of the assets.  Interest cost capitalized  during the period from inception (May
8, 2006) through June 30, 2006 amounted to $21,826.

Note 7--Income Taxes

Tonga did not incur any income tax expense during the period from inception (May
8, 2006) through June 30, 2006 due to operating  losses and the related increase
in the valuation allowance.

Tonga has recorded a valuation allowance for the full amount of the net deferred
tax assets because  management does not currently believe that it is more likely
than not that these assets will be recovered in the foreseeable  future. At June
30, 2006,  Tonga had net operating  loss  carryforwards  for federal  income tax
purposes of  approximately  $532,000 that may be offset  against  future taxable
income. To the extent not used, the net operating loss carryforwards will expire
in 2026.


<PAGE>
<TABLE>
<CAPTION>


Note 8 - Notes Payable to Related Party


Notes payable as of June 30, 2006 consist of the following:
<S>                                                                                               <C>

                                             Description                                                 Amount
        --------------------------------------------------------------------------------------    ----------------------
        Non-interest bearing note payable to Ultimate Investments Corporation, a
        company wholly-owned by a shareholder  originally scheduled to mature on
        September 28, 2006.
                                                                                                           $    400,000
                                                                                                  ----------------------

          Total                                                                                            $    400,000
                                                                                                  ======================
</TABLE>

The note payable to Ultimate Investments Corporation was issued for the purchase
and cancellation of stock as a condition of the acquisition of Momentum by Tonga
and the  associated  cost is being treated as an expense of the  acquisition  in
these financial statements. The note matured on September 28, 2006.

On April 3, 2007, Ultimate Investments  Corporation and the Company entered into
a Forbearance  Agreement which allows the Company to make scheduled  payments of
principal and interest through December 31, 2007.

Note 9 - Convertible Notes Payable

<TABLE>
<CAPTION>

Convertible notes payable as of June 30, 2006 consist of the following:
<S>                                                                                            <C>

                                       Description                                                   Amount
------------------------------------------------------------------------------------------     -------------------
Note payable  originally  issued to The Elevation  Fund,  LLC, an entity wholly-
owned by a shareholder of Tonga subsequently  assigned to a non-related entity -
The West Hampton Special Situation Fund, LLC, no stated interest rate,  interest
accruing by mutual  agreement at 12.25% . This note is secured by a blanket lien
on all of Tonga's  assets not  otherwise  encumbered,  net of debt  discount  of
$130,306
                                                                                                      $   119,694

Note payable originally issued to Gus Blass II in the amount of $250,000, one-half
assigned to Kearney Holdings, LLC, no stated interest rate, interest accruing by mutual
agreement at 12.25%                                                                                       125,000

Note payable originally issued to Gus Blass in the amount of $250,000, one-half assigned
to Kirby Holdings, LLC, no stated interest rate, interest accruing by mutual agreement
at 12.25%                                                                                                 125,000
                                                                                               -------------------
  Total                                                                                               $   369,694
                                                                                               ===================
</TABLE>

On April 3, 2007,  the parties have agreed to convert the principal and interest
due on the note currently held by The West Hampton  Special  Situation Fund, LLC
(at the price of $1 per share) into 275,742 shares of restricted common stock of
Tonga.  In addition,  The  Elevation  Fund,  LLC will receive  10,000  shares of
restricted common stock of Tonga as an origination fee for placing the debt.

<PAGE>

The notes payable  originally issued to Gus Blass II and The Elevation Fund LLC,
and subsequently  assigned were issued with 100,000 warrants for the purchase of
common stock.  Tonga  calculated  the relative  fair value of these  warrants at
$162,822 using the Black-Scholes option pricing model and allocated a portion of
the  original  proceeds  to these  warrants  as a discount  to the note  through
additional paid-in capital.  The assumptions used to value the warrants included
an  expected  term of 10 years,  a risk free  interest  rate of 4.98%,  expected
volatility using comparable  company volatility of 145%, an exercise price of $1
and a stock price on the date of grant of $1.65. The note discount was amortized
over the  ninety  day term of the note  using  the  effective  interest  method.
Amortization  of the discount for the period from June 13, 2006 through June 30,
2006 amounted to $10,750.

On April 3, 2007,  the parties have agreed to convert the principal and interest
due on the notes currently held by Kirby Holdings, LLC and Kearney Holdings, LLC
(at the price of $1 per share) into 250,000 shares of restricted common stock of
Tonga with all interest to be paid in cash.

The weighted  average  interest  rate for all short term  borrowings  amounts to
12.2%.  Interest  costs  incurred  for the period from  inception  (May 8, 2006)
through June 30, 2006 amounted to $34,144,  of which $21,826 was  capitalized as
construction  period interest on the biodiesel  plant being  constructed for our
own use.

Note 10 - Subsequent Events

Tonga leased  office and plant space and equipment in the third quarter of 2006.
Pursuant to these agreements, Tonga is obligated to make the following payments:
$136,166  in the 4th  quarter  of  2006,  $466,513  in 2007,  $392,358  in 2008,
$389,599 in 2009, $330,053 in 2010 and $326,074 in 2011.

On July 25, 2006,  Tonga  initiated a private  placement of 6,000,000  shares of
common  stock at $1 per share.  At the time of this filing  2,888,975  shares of
stock have been subscribed and accepted related to the private placement.

Please read Notes 8 and 9 for subsequent events regarding debt.

<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/A  contains
forward-looking  statements. The presentation of future aspects of Tonga Capital
Corporation  ("Tonga," 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's  actual  results  to be  materially
different  from  any  future  results  expressed  or  implied  by Tonga in those
statements.  Important  facts and risks that could prevent Tonga from  achieving
any stated goals 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.

<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.  Other risks are
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 for the year ended Decmber  31,2005 and any current reports
on Form 8-K filed by the Company.


CHANGES IN FINANCIAL CONDITION.

The Company entered into a Plan and Agreement of Reorganization on May 31, 2006,
whereby it has acquired  100% of Momentum as a  wholly-owned  subsidiary.  Tonga
intends to change its name to  "Momentum  Biofuels,  Inc."  after a  shareholder
meeting. The new updated business plan of Tonga is as follows:

Momentum  is  a  Texas  corporation,   which  will  operate  as  a  wholly-owned
subsidiary, whose business purpose is to manufacture high quality biodiesel fuel
for sale to local distributors,  jobbers, and state and local government fleets.
Biodiesel  is a  domestic,  renewable  fuel for use in  diesel  engines  that is
derived  from  vegetable  oils,  such as soybean or mustard seed oil, and can be
blended with  petroleum-based  diesel fuel for use in existing  diesel  engines.
Such  blends  are  typically  2%, 5% or 20%  biodiesel  with the  balance  being
petroleum diesel and are identified as B-2, B-5 and B-20, respectively.

The  principals of Momentum have been involved in the  development  of processes
for the  production of biodiesel from "yellow  grease"  (grease trap grease) and
RBD soy oil (refined,  bleached and deodorized) for over four years. Most recent
involvement  has included the  production  and sale of biodiesel on a continuous
basis for over a year.

     a) Momentum has issued two Promissory  Notes, each for $250,000 for bridge
financing,  and has received  $500,000.  The notes are due on demand.  The notes
were  subsequently  assigned to new parties.  Arrangements are in the process of
being made with these parties in connection with the payments of such notes.

     b) In  conjunction  with the Plan and  Agreement of  Reorganization,  Tonga
issued a Promissory Note for $400,000 at no interest payable and due in 90 Days.
This note was  issued in  exchange  for the  return of shares of Tonga that were
returned    to    treasury    and   in    accordance    with    SAB    103   and
CIRP.T.GuideAcctRules.ReverseAcquis.1999  is being  treated as an expense of the
acquisition in these financial statements.


LIQUIDITY AND CAPITAL RESOURCES

The Company had $288,769  cash at the end of the period and current  liabilities
of  $788,903.  The  Company  will need to either  borrow  money 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 its stock.


<PAGE>




Results of Operations for the Quarter Ended June 30, 2006.
----------------------------------------------------------------------------

The  Company had no revenue  for the period  from May 8, 2006  through  June 30,
2006. The Company incurred  $123,518 in general and  administrative  expenses in
the  period.  Recapitalization  expenses of $400,000 in 2006 were in relation to
the Plan and Agreement of  Reorganization  with Momentum.  The Company had a net
loss for the  period of  $542,803.  The net loss per share was  ($0.01)  for the
period.

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

At June 30, 2006,  the Company had $288,769 in cash and $126,691 in other assets
with which to conduct  operations.  There can be no  assurance  that the Company
will be able to carry out its business  plan.  Due to the lack of revenues,  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  believes  that the Company has  inadequate
working  capital to pursue any  operations  at this time.  The Company  does not
intend to pay dividends in the foreseeable future.

NEED FOR ADDITIONAL FINANCING

The Company has 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 operational cash needs. There is no assurance, however, that
without  adequate funds it will ultimately allow registrant to carry out its new
business.

The Company will need to raise  additional funds to conduct its planned 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.

There is  substantial  doubt  about the  ability of the Company to continue as a
"going  concern." The Company has no business,  limited  capital,  nominal other
assets, and no capital commitments.

Management will need 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.

<PAGE>

ITEM 3.  CONTROLS AND PROCEDURES

a.       Evaluation of Disclosure Controls and Procedures:


         Tonga maintains disclosure controls and procedures that are designed to
ensure that information  required to be disclosed in its Exchange Act reports is
recorded,  processed,  summarized and reported within the time periods specified
in the SEC's  rules and forms,  and that such  information  is  accumulated  and
communicated  to its  management,  including its Chief  Executive  Officer/Chief
Financial Officer, as appropriate,  to allow timely decisions regarding required
disclosure  based  closely  on  the  definition  of  "disclosure   controls  and
procedures"  in Rule  13a-14(c).  In designing  and  evaluating  the  disclosure
controls and procedures, management recognized that any controls and procedures,
no matter how well designed and operated,  can provide only reasonable assurance
of achieving the desired  control  objectives,  and management  necessarily  was
required to apply its judgment in evaluating the  cost-benefit  relationship  of
possible  controls  and  procedures.  Tonga  maintains  that  the  controls  and
procedures  in  place  do  provide  reasonable   assurance  that  all  necessary
disclosures are communicated as required.

         At the end of the period covered by this Interim Report,  Tonga carried
out an  evaluation,  under the  supervision  and with the  participation  of its
management,  including its Chief Financial Officer,  of the effectiveness of the
design and operation of Tonga's disclosure controls and procedures. Based on the
foregoing,  Tonga's Chief Financial  Officer  concluded that Tonga's  disclosure
controls  and  procedures  were  not  effective  to  ensure  that  all  material
information  required to be filed in this Interim  Report had been made known to
them in a timely fashion.

         The   deficiencies   in  our  internal   control   related  to  expense
recognition,  proper  recording  of debt  and  disclosure  control  deficiencies
related to  transactions  involving  issuances of Tonga's  stock.  We are in the
process of improving our internal control over financial  reporting in an effort
to remediate these deficiencies through improved supervision and training of our
accounting  staff.  These  deficiencies  have  been  disclosed  to our  Board of
Directors. Additional effort is needed to fully remedy these deficiencies and we
are continuing  our efforts to improve and strengthen our control  processes and
procedures. Our management and directors will continue to work with our auditors
and other  outside  advisors  to ensure that our  controls  and  procedures  are
adequate and effective.

b.       Changes in Internal Control over Financial Reporting:

There were no changes  in the small  business  issuer's  internal  control  over
financial  reporting  identified  in  connection  with  the  Company  evaluation
required by  paragraph  (d) of Rule 13a-15 or Rule 15d-15 under the Exchange act
that occurred  during the small  business  issuer's last fiscal quarter that has
materially  affected or is  reasonable  likely to materially  affect,  the small
business issuer's internal control over financial reporting.

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.

<PAGE>

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

          31.1    Sarbanes-Oxley Certification by the President and Chief
                  Executive Officer
          31.2    Sarbanes-Oxley Certification by the Chief Financial Officer
          32.1    Sarbanes-Oxley Certification by the President and Chief
                  Executive Officer
          32.2    Sarbanes-Oxley Certification by the Chief Financial Officer
         (b) Reports on Form 8-K

         8K12g3 - filed June 5, 2006
         8K12g3A - filed July 18, 2006

<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: April 10, 2007
                                              By: /s/ Barent W. Cater
                                                  ---------------------------
                                                  Barent W. Cater, President and
                                                  Chief Executive Officer

                                              By: /s/ Stuart C. Cater
                                                  ---------------------------
                                                  Stuart C. Cater, Chief
                                                  Financial Officer