**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington
      D.C. 20549





**FORM
      10-QSB**


(Mark
      One)





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





For
      the
      quarterly period ended: September 30, 2007





[  
      ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT




For
      the
      transition period from _____________________ to ________________





Commission
      file number 000-50619





**MOMENTUM
      BIOFUELS, INC.**


**(Formerly
      known as TONGA CAPITAL CORPORATION)**





(Exact
      name of registrant as specified in its charter)





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





2600
      South Shore Blvd., Suite 100, League City, TX 77573




(Address
      of principal executive offices)





(281)
      334-5161


(Issuer's
      telephone number)








Check
        whether the issuer (1) filed all reports required to be filed by Section
        13 or
        15(d) of the Exchange Act during the past 12 months (or for such shorter
        period
        that the registrant was required to file such reports), and (2) has been
        subject
        to such filing requirements for the past 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
        [   ] No [X]




Indicate
      the number of share outstanding of each of the issuer's classes of common stock,
      as of the latest practicable date.





As
      of  November 3, 2007, there were 54,813,756 shares of the registrant's
      sole class of common shares outstanding.


Yes
      [   ] No [X]


1








**Page
                No.****PART
                I - FINANCIAL INFORMATION**Item
                1. Financial Statements (Unaudited)
            3Item
                2. Management's Discussion and Analysis
            14Item
                3. Controls and Procedures
            18Item
                3A (T). Controls and Procedures
            18**PART
                II - OTHER INFORMATION**Item
                1. Legal Proceedings -*Not Applicable*
            18Item
                2. Unregistered Sales of Equity Securities and Use of
                Proceeds
            18Item
                3. Defaults Upon Senior Securities -*Not
                Applicable*
            19Item
                4. Submission of Matters to a Vote of Security Holders
            19Item
                5. Other Information -*Not Applicable*
            19Item
                6. Exhibits
            19Signatures
            20





2








**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 Momentum Biofuels, Inc (formerly
      known as 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, 2006, included in the Company's
      Form 10-KSB.








3











**MOMENTUM
                BIOFUELS, INC.****(**Formerly**known as TONGA CAPITAL CORPORATION)****Consolidated
                Balance Sheets****(Unaudited)**





**September
                30, 2007**
            
            
            **December
                31, 2006****ASSETS****Current
                assets**Cash
            
            $
            2,127,274
            
            
            $
            19,477Accounts
                Receivable
            
            
            49,687
            
            
            
            -Inventories
            
            
            31,671
            
            
            
            -Prepaid
                  expenses
            
            
            55,453
            
            
            
            39,297Total
                current assets
            
            
            2,264,085
            
            
            
            58,774Property
                & equipment, net of accumulated depreciation and amortization of
                $148,866 and $2,178, respectively
            
            
            3,375,127
            
            
            
            59,301Asset
                being developed for our own use
            
            
            -
            
            
            
            2,517,331Security
                deposits
            
            
            26,278
            
            
            
            26,278**TOTAL
                ASSETS**
            
            $
            5,665,490
            
            
            $
            2,661,684**LIABILITIES
                AND STOCKHOLDERS' EQUITY:****Current
                Liabilities**Accounts
                payable
            
            $
            68,727
            
            
            $
            487,299Accrued
                expense - related party
            
            
            -
            
            
            
            30,348Accrued
                expenses - Other
            
            
            150,416
            
            
            
            100,756Notes
                payable
            
            
            -
            
            
            
            165,000Notes
                payable - related parties
            
            
            586,769
            
            
            
            510,129Convertible
                notes payable
            
            
            -
            
            
            
            500,000Total
                Current Liabilities
            
            
            805,912
            
            
            
            1,793,532**Stockholders'
                Equity**Common
                stock, $0.01 par value; 500,000,000 sharesauthorized,
                54,813,756 and 49,166,514 shares issued andoutstanding
                on September 30, 2007 and December 31, 2006, respectively
            
            
            548,137
            
            
            
            491,665Additional
                paid-in capital
            
            
            12,831,122
            
            
            
            1,655,106Accumulated
                deficit
            
            
            (8,519,681
            )
            
            
            (1,278,619
            )Total
                Stockholders' Equity
            
            
            4,859,578
            
            
            
            868,152**TOTAL
                LIABILITIES AND STOCKHOLDERS' EQUITY**
            
            $
            5,665,490
            
            
            $
            2,661,684





**See
      the accompanying notes to the consolidated financial
      statements**





4


**MOMENTUM
      BIOFUELS, INC.**


**(Formerly
      known as TONGA CAPITAL CORPORATION)**


**Consolidated
      Statements of Operations**


**(Unaudited)**


**Three
                    Months**
                  **Ended**
                  **September
                    30, 2007**
                
                
                **Three
                    Months**
                  **Ended**
                  **September
                    30, 2006**
                
                
                **Nine
                    Months**
                  **Ended**
                  **September
                    30, 2007**
                
                
                **From
                    Inception (May 8, 2006)**
                  **To**
                  **September
                    30, 2006****Revenue**
                
                $
                389,697
                
                
                $
                -0-
                
                
                $
                487,486
                
                
                $
                -0-Cost
                    of goods sold
                
                
                434,313
                
                
                
                -0-
                
                
                
                561,534
                
                
                
                -0-**Gross
                    Loss**
                
                
                (44,616
                )
                
                
                -0-
                
                
                
                (74,048
                )
                
                
                -0-**Operational
                    Expenses**Plant
                    operating expenses
                
                
                379,564
                
                
                
                52,555
                
                
                
                485,426
                
                
                
                59,805General
                    and administrative
                
                
                2,095,565
                
                
                
                207,781
                
                
                
                6,650,409
                
                
                
                331,299Recapitalization
                    expense
                
                
                -0-
                
                
                
                -0-
                
                
                
                -0-
                
                
                
                400,000**Total
                    Operational Expense**
                
                
                2,475,129
                
                
                
                260,336
                
                
                
                7,135,835
                
                
                
                791,104**Loss
                    from operations**
                
                
                (2,519,745
                )
                
                
                (260,336
                )
                
                
                (7,209,883
                )
                
                
                (791,104
                )**Other
                    Income (Expense)**Interest
                    income
                
                
                8,913
                
                
                
                1,543
                
                
                
                10,954
                
                
                
                1,826Interest
                    expense
                
                
                (24,666
                )
                
                
                (53,561
                )
                
                
                (42,133
                )
                
                
                (65,879
                )**Net
                    Other Income (Expense)**
                
                
                (15,753
                )
                
                
                (52,018
                )
                
                
                (31,179
                )
                
                
                (64,053
                )**Net
                    Loss**
                
                $
                (2,535,498
                )
                
                $
                (312,354
                )
                
                $
                (7,241,062
                )
                
                $
                (855,157
                )**Per
                    Share Information**Weighted
                    average number of common shares outstanding
                
                
                52,791,432
                
                
                
                47,537,914
                
                
                
                51,315,424
                
                
                
                44,535,552**Net
                    Loss per Share**
                
                $
                (0.05
                )
                
                $
                (0.01
                )
                
                $
                (0.14
                )
                
                $
                (0.02
                )
  **See
        the accompanying notes to the consolidated financial
        statements**


5


**MOMENTUM
                BIOFUELS, INC.****(Formerly
                known as TONGA CAPITAL CORPORATION**)**Consolidated
                Statement of Stockholders' Equity****For
                the nine months ending September 30, 2007****(Unaudited)****Additional****Common
                Stock**
            
            
            **Paid-In**
            
            
            **Accumulated****Shares**
            
            
            **Amount**
            
            
            **Capital**
            
            
            **Deficit**
            
            
            **Totals**Balance
                - December 31, 2006
            
            
            49,166,514
            
            
            $
            491,665
            
            
            $
            1,655,106
            
            
            $
            (1,278,619
            )
            
            $
            868,152Shares
                issued in private placement for cash
            
            
            5,111,500
            
            
            
            51,115
            
            
            
            4,969,522
            
            
            
            
            
            
            
            5,020,637Note
                conversion
            
            
            500,000
            
            
            
            5,000
            
            
            
            500,000
            
            
            
            
            
            
            
            500,000Conversion
                of interest on note
            
            
            35,742
            
            
            
            357
            
            
            
            30,385
            
            
            
            
            
            
            
            35,742Directors
                stock based compensation
            
            
            
            
            
            
            
            
            
            
            450,000
            
            
            
            
            
            
            
            450,000Issuance
                of warrants for services
            
            
            
            
            
            
            
            
            
            
            566,474
            
            
            
            
            
            
            
            566,474Employee
                stock option compensation
            
            
            
            
            
            
            
            
            
            
            4,659,635
            
            
            
            
            
            
            
            4,659,635Net
                loss
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            (7,241,062
            )
            
            
            (7,241,062
            )Balance
                - September 30, 2007
            
            
            54,813,756
            
            
            $
            548,137
            
            
            $
            12,831,122
            
            
            $
            (8,519,681
            )
            
            $
            4,859,578






**See
      the accompanying notes to the consolidated financial
      statements**













6











**MOMENTUM
                BIOFUELS, INC.****(Formerly
                known as****TONGA CAPITAL
                CORPORATION**)**Consolidated
                Statements of Cash Flows****(Unaudited)****Nine
                Months**
            
            
            **Inception****Ended**
            
            
            **(May
                8, 2006) To****September 30,**
            
            
            **September 30,****2007**
            
            
            ****
            **2006****Cash
                Flows from Operating Activities**Net
                Loss
            
            $
            (7,241,062
            )
            
            $
            (855,157
            )Adjustments
                to reconcile net loss to cash used inoperating
                activitiesDepreciation
                and amortization
            
            
            146,688
            
            
            
            823Interest
                expense - amortization of debt discount
            
            
            -
            
            
            
            53,751Imputed
                interest on related-party note
            
            
            -
            
            
            
            3,906Recapitalization
                expense
            
            
            -
            
            
            
            400,000Warrants
                issued for services
            
            
            566,474Directors
                stock based compensation
            
            
            450,000Employee
                stock option compensation costs
            
            
            4,659,635Changes
                in Assets and Liabilities:Increase
                in accounts receivable
            
            
            (49,686
            )Increase
                in inventory
            
            
            (31,671
            )Increase
                in prepaid expenses
            
            
            (16,156
            )(Decrease)
                Increase in accounts payable
            
            
            (418,572
            )
            
            
            158,475Increase
                in accrued expenses
            
            
            129,514
            
            
            
            7,339Security
                depositPrepaid
                expense
            
            
            
            
            
            
            (37,912
            )Net
                Cash Used in Operating Activities
            
            
            (1,804,836
            )
            
            
            (268,775
            )**Cash
                Flows from Investing Activities**Acquisition
                of fixed assets
            
            
            (945,184
            )
            
            
            (1,266,651
            )Increase
                in security deposits
            
            
            -
            
            
            
            (26,278
            )Net
                Cash Used in Investing Activities
            
            
            (945,184
            )
            
            
            (1,292,929
            )**Cash
                Flows from Financing Activities**Payment
                of note payable
            
            
            (230,556
            )Proceeds
                from related party notes payable
            
            
            
            
            
            
            250,000Proceeds
                from convertible notes payable
            
            
            
            
            
            
            250,000










**See
      the accompanying notes to the consolidated financial
      statements**





**Continued...**





7








**MOMENTUM
                BIOFUELS, INC.****(formerly
                known as Tonga Capital Corporation)****Consolidated
                Statement of Cash Flows****(Unaudited)****Continued**




**Nine
                Months**
            
            
            **Inception****Ended**
            
            
            **(May
                8, 2006) To****September
                30,**
            
            
            **September
                30,****2007**
            
            
            **2006**Loans
                from shareholders
            
            
            67,736Stock
                issued for cash
            
            
            5,111,500
            
            
            
            1,067,167Offering
                costs
            
            
            (90,863
            )Cost
                contributed by principal owner
            
            
            -
            
            
            
            6,478Net
                Cash Provided by Financing Activities
            
            
            4,857,817
            
            
            
            1,573,645**Net
                Increase in Cash**
            
            
            2,107,797
            
            
            
            11,941**Cash
                and cash equivalents - Beginning of period**
            
            
            19,477
            
            
            
            -**Cash
                and cash equivalents - End of period**
            
            $
            2,127,274
            
            
            $
            11,941**Supplemental
                Disclosure of Cash Flow Information:****Cash
                Paid During the period for:**Interest
            
            $
            40,403
            
            
            $
            882Income
                Taxes
            
            $
            -
            
            
            
            -**Non-Cash
                Transactions**Investing
                activities:Capitalized
                interest during construction period
            
            $
            36,953
            
            
            $
            127,061Financing
                activitiesNote
                payable issued for recapitalization
            
            $
            -
            
            
            $
            400,000Note
                payable converted to stock
            
            $
            500,000








**See
      the accompanying notes to the consolidated financial
      statements**


8


MOMENTUM
      BIOFUELS, INC.


(Formerly
      known as TONGA CAPITAL CORPORATION)


Notes
      to
      the Consolidated Financial Statements


As
      of
      September 30, 2007


(Unaudited)




**Note
      1--Basis of Presentation**





The
      accompanying unaudited interim consolidated financial statements of Momentum
      Biofuels, Inc. (formerly known as Tonga Capital Corporation, “Momentum”)) 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 contained in
      Momentum’s Annual Report on Form 10-KSB for the period from inception (May 8,
      2006) through December 31, 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.





The
      preparation of consolidated financial statements in conformity with accounting
      principles generally accepted in the U.S. 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.





Momentum
      began producing biodiesel fuel in the quarter ended June 30, 2007 and began
      selling this product. While revenues generated from sales of produced biodiesel
      were relatively minor in volume and amount, management considers Momentum as
      having moved out of the development stage entity status capable of full
      production and operations.





**Note
      2--Summary of Significant Accounting Policies**




Accounting
      Policies implemented since Momentum (formerly known as Tonga Capital
      Corporation) filed its Annual Report on Form 10-KSB for the period from
      inception (May 8, 2006) through December 31, 2006, include the
      following:





**Share-Based
      Compensation**




Momentum
      measures all share-based payments, including grants of employee stock options,
      using a fair-value based method in accordance with Statement of Financial
      Accounting Standards No. 123R, “Share-Based Payments.” The cost of
      services received in exchange for awards of equity instruments is recognized
      in
      the statement of operations based on the grant date fair value of those awards
      amortized over the requisite service period. Momentum utilizes a standard option
      pricing model, the Black-Scholes model, to measure the fair value of stock
      options granted.





**Inventories**





Inventories
      are stated at the lower of average cost basis or market.  Abnormal
      amounts of idle facility expense, freight, handling costs, and wasted materials
      (spoilage) are recognized as current-period charges. Fixed production
      overhead is allocated to the costs of conversion into inventories based on
      the
      normal capacity of the production facilities.  As of September 30,
      2007, inventory consisted of the following:





Finished
                Goods
            $
                9,228Work-In-Process
            -0-Raw
                Materials
            $22,443Total
            $31,671








9




**Accounts
      Receivable**





Accounts
      receivable are presented at face value, net of the allowance for doubtful
      accounts. The allowance for doubtful accounts is established through provisions
      charged against income and is maintained at a level believed adequate by
      management to absorb estimated bad debts based on historical experience and
      current economic conditions. Management believes all receivables will be
      collected and therefore the allowance has been established to be zero at
      September 30, 2007.





**Revenue
      Recognition**





Momentum
      recognizes revenue from product sales when the products are shipped or delivered
      and the title and


risk
      of
      loss pass to the customer. Provisions for any product returns or discounts
      given
      to customers are accounted


for
      as
      reductions in revenues in the same period revenues are recorded.








**Note
      3 - Going Concern**





Momentum has
      incurred significant losses from operations since inception, and currently,
      has
      limited financial resources. These factors raise substantial doubt about
      Momentum's ability to continue as a going concern. Momentum's financial
      statements for the nine months ended September 30, 2007 have been prepared
      on a
      going concern basis, which contemplates the realization of assets and the
      satisfaction of liabilities in the normal course of
      business.   The company currently has an accumulated deficit of
      $8,519,681 through September 30, 2007.





Momentum
      has earned minimal revenue from operations. Momentum'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.




**Note
      4 - Property Plant and Equipment**





Momentum
      constructed equipment for its own use totaling $3,414,592. On June 25, 2007,
      these assets were placed into service pursuant to applicable accounting
      principles.





Property
      and equipment is recorded at cost and depreciated on the straight-line method
      over the estimated useful lives of the various classes of depreciable property
      as follows:





Plant
            3,414,592
            7
                yearsPlant
                machinery and equipment
            25,246
            3-5
                yearsOffice
                furniture and equipment
            23,208
            7
                yearsComputer
                equipment
            24,104
            3
                yearsComputer
                software
            3,220
            5
                yearsLeasehold
                Improvements
            33,624
            5-6
                years





Expenditures
      for normal repairs and maintenance are charged to expense as incurred. The
      cost
      and related accumulated depreciation of assets sold or otherwise disposed of
      are
      removed from the accounts, and any gain or loss is included in
      operations.





For
      the
      nine months ended September 30, 2007, depreciation and amortization expense
      was
      $146,688.   As of September 30, 2007, accumulated depreciation
      and amortization was $148,886.





10





**Note
      5 - Stockholders' Equity**




During
      the nine months ended September 30, 2007, Momentum sold 5,111,500 common shares
      for $5,020,637 net of offering costs of $90,863. The shares were sold at a
      price
      of $1.00 per share.





On
      August
      31, 2007, the April 16, 2007 private placement memorandum was closed out with
      a
      total of 4,261,500 shares of stock subscribed and accepted.  These
      shares were sold at $1.00 per share.  The proceeds, net of offering
      costs, were $4,200,637.





See
      Note
      7 regarding restricted common stock issued in connection with convertible
      debt.





During
      the nine-months ended September 30, 2007, Momentum issued warrants exercisable
      at $1 per share for 1,012,000 common shares. Warrants for 10,000 shares will
      expire on January 31, 2017, 2,000 shares will expire on February 1, 2012 and
      the
      remaining 1,000,000 will expire on August 31, 2009.


**Note
      6 -Related Party Transactions**





On
      April
      2, 2007, Momentum engaged Charles T. Phillips, a former officer and director,
      as
      a consultant. Mr. Phillips will receive $12,500 monthly beginning September
      1,
      2007 for two years. The agreement provides for the placement of certain
      restrictions on the sale of common shares held by Mr. Phillips. In addition,
      Momentum borrowed $71,942 from Mr. Phillips, repayable with 8.5% interest per
      annum on January 8, 2007.  Mr. Phillips and Momentum have executed a
      forbearance agreement extending the due date of the note to December 31,
      2007.




Momentum
      borrowed $400,000 from Ultimate Investments Corporation on June 30,
      2006.  The loan was originally non-interest bearing and due 90 days
      from the date of the note.  After such date, interest accrues at the
      default rate of 12% per annum.  On April 3, 2007, Ultimate Investments
      Corporation and Momentum executed a forbearance agreement which allows Momentum
      to make scheduled payments of principal and interest through December 31,
      2007.





Momentum borrowed
      $115,000 in December 2006 from Mr. Don Guggenheim, a current
      shareholder.  The notes payable were due on January 8,
      2007.  On September 9, 2007, the note, including accrued interest was
      paid in full.





On
      December 8, 2006, Momentum borrowed $50,000 from Mr. Richard Cilento, Jr.,
      a
      current Board member.  This promissory note accrues interest at 8.5%
      per annum and had a due date of January 8, 2007. On June 30, 2007, Mr.
      Cilento and Momentum executed a forbearance agreement which allows Momentum
      to
      remit a lump sum payment for both interest and principal no later than November
      16, 2007.





Momentum
      entered into a consulting agreement with Coastal Safety & Environmental
      Systems, LLC, which is a related party.  The agreement provided for a
      monthly fee payable to Coastal of $30,000 plus a monthly automobile allowance
      of
      $1,800.  On September 13, 2007 (effective September 1, 2007), the
      contract was terminated in conjunction with an employment agreement with Coastal
      Safety & Environmental Systems, LLC’s member, Mr. David Pearce. For the nine
      months ended September 30, 2007, Momentum incurred a total of $179,652 in
      consulting fees in relation to such contract.  The balance payable on
      the contract of $50,000 was converted to a promissory note bearing 8.5% interest
      payable monthly for six months, the final payment to include all principal
      and
      interest due.





On
      July
      19, 2007, Momentum borrowed $55,923 from Mr. Barent W. Cater, then CEO/President
      and Chairman of the Board of Directors.  This promissory note accrues
      interest at 8.5% per annum and had a due date of December 31,
      2007.  Under the terms of Mr. Cater’s Separation Agreement, effective
      October 16, 2007, the total principal and accrued interest was paid in
      full.





**Note
      7 - Convertible Notes Payable**





On
      April
      3, 2007, The West Hampton Special Situation Fund, LLC converted the principal
      and interest due on the $250,000 note into 275,742 common shares. In addition,
      The Elevation Fund, LLC received 10,000 common shares as an origination fee
      for
      arranging the debt.





On
      April
      3, 2007, the Kirby Enterprise Fund, LLC and Kearney Holdings, LLC converted
      the
      principal due on the $250,000 in notes held by them into 250,000 common shares,
      with the interest to be paid in cash.





**Note
      8 - Executive Compensation**





Momentum
      hired Messrs. Barent Cater, Stuart Cater and Jim O'Neal on April 20, 2007,
      with
      an effective date of March 1, 2007. Under the employment agreements, Barent
      Cater received the option to purchase 5,000,000 common shares at $1.00 per
      share
      and Stuart Cater and Jim O'Neal each received an option to purchase 2,000,000
      common shares at $1.00 per share. The grant date for the options was the date
      that all terms related to the employment agreement and option vesting schedule
      were agreed to by both parties, which as stated in the employment contracts,
      was
      the date the agreements were executed, April 20, 2007. The options vest over
      a
      three-year period beginning on the effective date of the employment
      agreements.





At
      the
      grant date, April 20, 2007, the fair value of these executive options was
      $15,787,938.  Momentum recorded initial compensation expense at the
      time of grant in the amount of $3,864,756 and is amortizing the balance of
      $11,923,182 over the remaining amortization period.  The
      assumptions  used to value the options
      include  an  expected  term of
 5  years,  a risk
      free  interest  rate of
      4.58%, expected  volatility  using
      comparable  company  volatility of  184.83%, an
      exercise price of $1 and a stock price on the date of grant of
      $1.80.





11





Shares
            
            
            Weighted
                Average Exercise Price
            
            
            Weighted
                Average Remaining Contractual Term
            
            
            Aggregate
                Intrinsic ValueOutstanding
                at January 1, 2007
            
            
            -
            
            
            $
            -
            
            
            
            -Granted
            
            
            9,000,000
            
            
            
            1.00
            
            
            
            4.81Exercised
            
            
            -Forfeited
            
            
            -Expired
            
            
            -
            
            
            
            -
            
            
            
            -Outstanding
                at September 30, 2007
            
            
            9,000,000
            
            
            $
            1.00
            
            
            
            4.81
            
            
            $
            -Exercisable
            
            
            1,750,000
            
            
            $
            1.00
            
            
            
            4.81
            
            
            $
            -Weighted-average
                grant-date fair value of options granted during the
                period:
            
            
            
            
            
            
            
            
            
            
            
            
            
            $
            15,787,938Compensation
                costs recognized during the period
            
            
            
            
            
            
            
            
            
            
            
            
            
            $
            4,659,635Unrecognized
                compensation cost related to non-vested share based
                compensation
            
            
            
            
            
            
            
            
            
            
            
            
            
            $
            11,128,303Weighted-average
                recognition period of unrecognized compensation cost
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            3.75
            
            yearsTotal
                grant date fair value of shares vested during period
            
            
            
            
            
            
            
            
            
            
            
            
            
            $
            3,069,877





Messrs.
      Barent Cater, Stuart Cater and James O’Neal entered into Separation Agreements
      with the Company and resigned from their respective positions with
      Momentum.  See Subsequent Events section for additional
      details.





**Note
      9 – Warrants**





On
      August
      31, 2007, Momentum entered into an arrangement with TES Energy Development,
      LLC
      to jointly commence on a feasibility study to determine the viability of
      developing a biodiesel plant.  In consideration for such arrangement,
      the Momentum granted TES Energy Development LLC 1 million warrants at a $1
      per
      share exercise price with a 2 year exercise period.





At
      the
      grant date, August 31, 2007, the fair value of these warrants was
      $547,579.  Momentum recorded consulting expense in the current period
      of that amount.  The assumptions  used to value the warrants
      include  immediate vesting at the grant date,  a risk
      free  interest  rate of
      6.5%, expected  volatility  using
      comparable  company  volatility of  109%, an
      exercise price of $1 and a stock price on the date of grant of
      $0.95.  The warrants exercise period ends on August 31,
      2009.





Warrant
      activity for the period from Inception (May 8, 2006) through September 30,
      2007
      is as follows:





**Grant**
              **Expiration**
              **Exercise**
              **Outstanding**
              **New**
              
              **Outstanding****Date**
              **Date**
              **Price**
              **12/31/2006**
              **Grants**
              **Exercises**
              **09/30/2007**6/27/16
              $                                 1.00
              120,000
              ---
              ---
              120,00001/31/2007
              01/31/2017
              1.00
              ---
              10,000
              ---
              10,00002/1/2007
              02/01/2012
              1.00
              ---
              2,000
              ---
              2,0008/31/07
              8/31/09
              1.00
              ---
              1,000,000
              ---
              1,000,000Totals
              120,000
              1,012,000
              ---
              1,132,000


The
      weighted average exercise price for all warrants outstanding as of September
      30,
      2007 was $1.00.





12


**Note
      10 - Subsequent Events**





On
      October 10, 2007, Momentum Capital Corporation (Momentum) held its
      Annual Shareholders’ Meeting.  Among the
      business


conducted
      at the meeting was the election of the Momentum’s Board of
      Directors.  Messrs. Richard C.  Cilento, Richard A.
      Robert, Jeffrey P. Ploen, David M. Fick, John V. Olsen, Richard K. Reiling
      and Gregory A. Enders were elected as directors.  Barent W. Cater,
      the Chief  Executive  Officer  of
      the  Company,  was 
not  elected  to
      the  Board  of Directors. All directors were elected to
      serve a one-year term.





In
      addition, at Momentum’s (formerly known as Tonga Capital Corporation)
      Annual Shareholders' Meeting on October 10, 2007, a majority of the
      shareholders approved a resolution to change Momentum’s name to Momentum
      Biofuels, Inc.





Effective
      November 1, 2007, Momentum has amended its Articles of Incorporation to
      reflect the new name, Momentum Biofuels, Inc. In addition, the Momentum has
      been
      assigned a new trading symbol for its common stock, which trades on the
      Over-the-Counter Bulletin Board.  Momentum’s new symbol
      is MMBF.OB.





On
      October 16, 2007 and October 19, 2007, Messrs. Barent W. Cater and Stuart C.
      Cater entered into Separation Agreements with Momentum and resigned their
      positions of Chief Executive Officer /President and Chief Financial Officer,
      respectively. Also, on October 19, 2007, Mr. James O’Neal entered into a
      Separation Agreement with the Momentum and resigned his position as Chief
      Operating Officer. In conjunction with the executed separation agreements,
      a
      total of 6,750,000 options were forfeited.





On
      October 20, 2007, the Board of Directors of Momentum appointed Mr. Gregory
      A.
      Enders as the Chief Executive Officer and President of the
      Company.  Mr. Enders has served as a director of Momentum, since
      October 10, 2007.





**Note
      11 – New Accounting Pronouncements**





In
      June 2006, the Financial Accounting Standards Board (FASB) issued FASB
      Interpretation No. 48, “Accounting for Uncertainty in Income Taxes, an
      interpretation of FASB Statement No. 109” (FIN 48). This Interpretation
      provides guidance on recognition, classification and disclosure concerning
      uncertain tax liabilities. The evaluation of a tax position requires recognition
      of a tax benefit if it is more likely than not it will be sustained upon
      examination. We adopted this Interpretation effective January 1, 2007. The
      adoption did not have a material impact on our consolidated financial
      statements.


13





**ITEM
      2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
      OF
      OPERATIONS**





***FORWARD-LOOKING
      STATEMENTS CAUTIONARY***





This
      Item
      2 and the report on Form 10-QSB for the nine-month period ended September 30,
      2007, may contain “forward-looking statements" regarding Momentum Biofuels, Inc.
      (formerly known  as Tonga Capital Corporation) (the “Company” or
“Tonga”). In some cases, you can identify forward-looking statements by
      terminology such as "may," "will," "should," "could," "expects," "plans,"
      "intends," "anticipates," "believes," "estimates," "predicts," "potential"
      or
      "continue" or the negative of such terms and other comparable terminology.
      These
      forward-looking statements include, without limitation, statements about our
      market opportunity, our strategies, competition, expected activities and
      expenditures as we pursue our business plan, and the adequacy of our available
      cash resources. Although we believe that the expectations reflected in any
      forward-looking statements are reasonable, we cannot guarantee future results,
      levels of activity, performance or achievements. Actual results may differ
      materially from the predictions discussed in these forward-looking statements.
      Changes in the circumstances upon which we base our predictions and/or
      forward-looking statements could materially affect our actual results.
      Additional factors that could materially affect these forward-looking statements
      and/or predictions include, among other things: (1) our limited operating
      history; (2) our ability to pay down existing debt; (3) the Company's ability
      to
      obtain contracts with suppliers of raw materials (for the Company's production
      of biodiesel fuel) and distributors of the Company's biodiesel fuel product;
      (4)
      the risks inherent in the mutual performance of such supplier and distributor
      contracts (including the Company's production performance (5) the Company's
      ability to secure and retain management capable of managing growth; (6) the
      Company's ability to raise necessary financing to execute the Company's business
      plan; (7) potential litigation with our shareholders, creditors and/or former
      or
      current investors; (8) the Company's ability to comply with all applicable
      federal, state and local government and international rules and regulations;
      and
      (9) other factors over which we have little or no control.





The
      independent registered public accounting firm's report on the Company's
      financial statements as of December 31, 2006, includes a “going concern”
explanatory paragraph that describes substantial doubt about the Company's
      ability to continue as a going concern. Management's plans in regard to the
      factors prompting the explanatory paragraph are discussed below and also in
      Note
      3 to the unaudited quarterly financial statements.





**SUBSEQUENT
      EVENTS**





On
      October 10, 2007, Momentum Biofuels, Inc. (formerly known as Tonga Capital
      Corporation)  held its Annual Shareholders’
Meeting.  Among the business conducted at the meeting was
      the election of the Company’s Board of Directors.  Messrs.
      Richard C.  Cilento, Richard A. Robert, Jeffrey P. Ploen, David
      M. Fick, John V. Olsen, Richard K. Reiling and Gregory A. Enders were
      elected as directors.  Barent W. Cater,
      the Chief  Executive  Officer  of
      the  Company,  was 
not  elected  to
      the  Board  of Directors. All directors were elected to
      serve a one-year term.





In
      addition, at the Annual Shareholders' Meeting on October 10, 2007, a
      majority of the shareholders approved a resolution to change the Company's
      name to Momentum Biofuels, Inc.





On
      November 1, 2007, the Company has Amended is Articles of Incorporation to
      reflect the new name, Momentum Biofuels, Inc. In addition, the Company has
      been assigned a new trading symbol for its common stock, which trades on
      the Over-the-Counter Bulletin Board.  The Company’s new symbol
      is MMBF.OB.





On
      October 20, 2007, the Board of Directors appointed Mr. Gregory A. Enders as
      the
      Chief Executive Officer of the Company.  Mr. Enders has served as a
      director of the Company since October 10, 2007.





On
      October 16, 2007, Mr. Barent W. Cater, in accordance with a Separation
      Agreement, resigned his position of CEO/President effective on that
      date.  On October 19, 2007, Messrs. Stuart Cater and James O’Neal, in
      accordance with individual Separation Agreements, resigned their positions
      of
      Chief Financial Officer and Chief Operating Officer, respectively. In
      conjunction with the executed separation agreements, a total of 6,750,000
      options were returned to the Company.





14


**RESULTS
      OF OPERATIONS**





*For
      the Nine Months Ended September 30, 2007 and Inception (May 8, 2006) to
      September 30, 2006*





The
      Company recognized revenue of $487,486 during the nine months ending September
      30, 2007. Operating expenses for the nine months ended September 30, 2007,
      included $561,534 in cost of goods sold, $485,426 in plant operating expenses
      and $6,650,409 in general and administrative expenses; totaling $7,135,835.
      Included in the general and administrative expenses for the nine months ending
      September 30, 2007 are $4,659,635 of expenses for executive stock options
      awarded pursuant to the terms of the Employment Agreements with Messrs. Barent
      W. Cater, Stuart C. Cater and James A. O’Neal.  In addition, included
      in the general and administrative expenses for the nine months ending September
      30, 2007 is $547,579 relating to the warrants awarded to TES Energy Development,
      LLC and $450,000 relating to stock provided to members of the Board of Directors
      as compensation.




The
      Company recognized no revenue from inception (May 8, 2006) to September 30,
      2006.  During this period, the Company recognized $0.00 in cost of
      goods sold, $59,805 in plant operating expenses, $331,299 in general and
      administrative expenses and a $400,000 recapitalization expense resulting in
      total operating expenses of $791,104 for the period. The Company incurred
      $65,879 in interest expense and recognized $1,826 in interest income for the
      period.  The increase in total operational expenses of $6,344,731 was
      due to the increase in general and administrative expenses of due in part to
      increased operational activities and the expense of executive stock
      options.





During
      the nine months ended September 30, 2007, the Company incurred interest expense
      of $42,133 and recognized interest income of $10,954.





During
      the nine months ended September 30, 2007, the Company recognized a net loss
      of
      $7,241,062 compared to a net loss of $855,157 for the period of May 8, 2006
      (inception) through September 30, 2006.  The increase of $6,385,905
      was due primarily to the increase in general and administrative expenses, as
      discussed above.  The net loss per share for the nine months ended
      September 30, 2007, was $0.14 per share compared to a net loss per share of
      $0.02 for the period of May 8, 2006 (inception) through September 30,
      2006.





The
      Company's cash expenditures during the nine months ended September 30, 2007
      for
      the continued construction of the biodiesel plant in LaPorte, Texas were
      $914,467.  As of June 25, 2007, the construction was substantially
      completed at a cost of $3,414,592. These assets were placed in service and
      are
      being depreciated pursuant to applicable accounting principles.





*For
      the Three Months Ended September 30, 2007 and 2006*





The
      Company recognized revenue of $389,697 during the three months ended September
      30, 2007.  During the three months ended September 30, 2007, the
      Company recognized $434,313 in cost of goods sold, $379,564 in plant operating
      expenses and $2,095,565 in general and administrative expenses; resulting in
      total operating expenses of $2,475,129 for the three months ended September
      30,
      2007.





For
      the
      three months ended September 30, 2006, the Company recognized no revenue or
      cost
      of goods sold.  The Company recognized $52,555 in plant operating
      expenses and $207,781 in general and administrative expenses; resulting in
      total
      operating expenses of $260,336.  The increase in total operating
      expenses of $2,214,793 is due to the increase in operational activities
      discussed above.





The
      Company incurred $24,666 in interest expense and recognized $8,913 in interest
      income for the three months ended September 30, 2007.





During
      the three months ended September 30, 2007, the Company recognized a net loss
      of
      $2,535,498 compared to a net loss of $312,354 for the three months ended
      September 30, 2006.  The increase of $2,223,144 was due to the
      increase in operational expenses discussed above.  The net loss per
      share for the three months ended September 30, 2007 was $0.05 per
      share. The net loss per share for the three months ended September 30, 2006
      was $0.01.





The
      Company incurred $53,561 in interest expense and recognized $1,543 in interest
      income for the three months ended September 30, 2006.





**LIQUIDITY
      AND CAPITAL RESOURCES**





At
      September 30, 2007, the Company had $2,127,274 in cash and $136,811 in other
      current assets with which to conduct its operations. There can be no assurance
      that the Company will be able to carry out its business plan. Historically,
      cash
      needs have been satisfied primarily through proceeds from private placements
      of
      equity securities and debt instruments, but there is no guarantee that such
      financing activities will be sufficient to fund current and future projects
      and
      the ability to meet cash and working capital needs. No commitments to provide
      additional funds have been made by management or other stockholders.
      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 its common stock in lieu of cash.




During
      the nine months ended September 30, 2007, the Company incurred losses from
      operations of $7,241,062.  Net cash used in operating activities
      during the nine months ended September 30, 2007 was $1,804,836. Net cash used
      in
      investing activities during the nine months ended September 30, 2007 was
      $945,184, of which, most of these funds were used in the completion of the
      Company's production equipment. Net cash provided by financing activities during
      the nine months ended September 30, 2007 was $4,857,817.







15


The
      Company's financing activities during the nine months ending September 30,
      2007
      include the following:


During
      the nine months ended September 30, 2007, the Company sold 5,111,500 shares
      of
      its restricted common stock for cash of $5,111,500 less offering costs of
      $90,863. The shares were sold for $1.00 per share.




On
      April
      3, 2007, Momentum converted the principal and accrued interest on the $250,000
      promissory note held by the West Hampton Special Situation Fund, LLC into
      275,742 shares of the Company's restricted common stock. The Company will also
      issue 10,000 shares of its restricted common stock to The Elevation Fund, LLC
      for the origination fee of $10,000 due on the promissory note. On April 3,
      2007,
      the principal due on the two $125,000 promissory notes held by Kearney Holdings,
      LLC and the Kirby Enterprise Fund, LLC were converted into 250,000 shares of
      the
      Company's restricted common stock and all accrued interest was paid in
      cash.





In
      connection with the $500,000 bridge financing, the Company issued the original
      parties warrants exercisable for 100,000 shares of its common stock. The
      warrants have a term of ten years and an exercise price of $1.00 per share.
      In
      connection with certain terms of this agreement, The Company has issued an
      additional warrant exercisable for 30,000 shares of the Company's common stock
      with an exercise price of $1.00 per share and a term of 10 years.





In
      connection with the reverse acquisition of Momentum Biofuels, Inc. (a Texas
      Corporation), on June 30, 2006, Momentum Biofuels, Inc. (formerly known as
      Tonga
      Capital Corporation) issued a non-interest bearing, unsecured promissory note
      for $400,000 to Ultimate Investments Corporation ("Ultimate Investments"),
      a
      company that is owned by a shareholder of the Company. The $400,000 promissory
      note was issued regarding the retirement of 16,525,000 shares of the Company's
      common stock. The note was due on September 28, 2006 and the Company was unable
      to pay the note, at that time. The terms of the note provided that in failure
      of
      payment the note would cause the note to accrue interest at 12% per annum.
      On
      April 3, 2007, the Company entered into a forbearance agreement with Ultimate
      Investments for the $400,000 promissory note. The forbearance agreement provides
      for the Company to make scheduled payments on the principal and interest, with
      the final payment due December 31, 2007. In the nine month period ending
      September 30, 2007, the Company made payments in the amount of $90,000 on this
      obligation.




On
      December 8, 2006, Momentum issued a promissory note for $50,000 from Mr. Richard
      Cilento, Jr., a member of the Company's Board of Directors. This promissory
      note
      accrues interest at 8.5% per annum and had a due date of January 8, 2007. The
      Company has entered into a forbearance agreement with Mr. Cilento, which calls
      for these promissory notes to be paid in full by November 16, 2007.




Mr.
      Charles T. Phillips (then President and Chairman of the Company), in December
      2006, loaned Momentum $110,129 represented by an 8.5% promissory note with
      a due
      date of January 8, 2007. At June 30, 2007, the balance of the note was
      $71,941.93. The Company has entered into a forbearance agreement with Mr.
      Phillips which calls for the promissory note to be paid in full by December
      31,
      2007. In April 2007, the Company entered into a consulting agreement with Mr.
      Phillips.  Mr. Phillips will receive $12,500 monthly, beginning
      September 1, 2007. The agreement has a term of two-year. The agreement provides
      for the placement of certain restrictions on the sale of common shares held
      by
      Mr. Phillips.





On
      April
      16, 2007, the Company initiated a second private placement of 4,000,000 shares
      of its common stock at a price of $1.00 per share. As of September 30, 2007,
      4,261,500 shares had been subscribed for and accepted related to under the
      terms
      of the private placement agreement, which is now closed.





Management
      may need to seek and obtain funding, via loans or private placements of stock,
      for operations and to provide working capital.




**PLAN
      OF OPERATIONS**





Momentum,
      the Company's wholly-owned subsidiary, is a start-up biodiesel producer, focused
      on servicing the U.S. Gulf Coast and in the future, international biodiesel
      markets. Momentum plans to manufacture high quality, low cost and socially
      responsible biodiesel fuels that complement and integrate with the existing
      diesel fuel supply chain. Biodiesel is a domestic, renewable fuel for use in
      diesel engines that is derived from natural vegetable oils and animal fats.
      Biodiesel contains no petroleum, but can be used in any concentration with
      petroleum-based diesel fuel in existing diesel engines without engine
      modification.





Our
      initial plant in LaPorte, Texas, has been completed and is currently in limited
      production. The Company's initial focus will be on efficiently operating the
      La
      Porte plant at its planned capacity and on sales of our product. Our marketing
      strategy will focus on wholesale distribution to fuel jobbers, corporate fleets
      and government users. We will also use established alternative fuel brokers
      where appropriate.





16


**CRITICAL
      ACCOUNTING POLICIES AND ESTIMATES**





The
      preparation of financial statements included in this Quarterly Report on Form
      10-QSB requires management to make estimates and assumptions that affect the
      reported amounts of assets and liabilities at the date of the financial
      statements and the reported amounts
      of revenues and expenses during the reporting period. On an on-going basis,
      management evaluates its estimates and judgments. Management bases its estimates
      and judgments on historical experiences and on various other factors that are
      believed to be reasonable under the circumstances, the results of which form
      the
      basis for making judgments about the carrying value of assets and liabilities
      that are not readily apparent from other sources. Actual results may differ
      from
      these estimates under different assumptions or conditions. The more significant
      accounting estimates inherent in the preparation of the Company's financial
      statements include estimates as to the valuation of equity related instruments
      issued, and valuation allowance for deferred income tax assets. Our accounting
      policies are described in the notes to financial statements included in this
      Quarterly Report on Form 10-QSB. The more critical accounting policies are
      as
      described below.





The
      Company believes that the following are some of the more significant accounting
      policies and methods used by the Company:








·
            revenue
                recognition;





·
            value
                of long-lived assets;





·
            inventories





·
            assets
                being developed for our own use;
                and





·
            income
                taxes.






REVENUE
      RECOGNITION





The
      Company will recognize revenue when the product has been delivered to the
      customer, the sales price is fixed or determinable, and collectability is
      reasonably assured.





VALUATION
      OF LONG-LIVED ASSETS





The
      Company assesses the impairment of long-lived assets whenever events or changes
      in circumstances indicate that the carrying value may not be recoverable.
      Factors the Company considers important which could trigger an impairment review
      include negative projected operating performance by the Company and significant
      negative industry or economic trends. The Company does not believe that there
      has been any impairment to long-lived assets as of September 30,
      2007.





INVENTORIES





Inventories
      are stated at the lower of average cost basis or market.  Abnormal
      amounts of idle facility expense, freight, handling costs, and wasted materials
      (spoilage) are recognized as current-period charges. Fixed production overhead
      is allocated to the costs of conversion into inventories based on the normal
      capacity of the production facilities.





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.





The
      Company 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 was capitalized during the period from inception
      (May 8, 2006) through September 30, 2007 amounted to $181,243 ($36,953 for
      the
      nine months ended September 30, 2007).





RECENTLY
      ISSUED ACCOUNTING PRONOUNCEMENTS





The
      Company has reviewed recently issued accounting pronouncements and the Company
      does not expect that the adoption of recently issued accounting pronouncements
      will have a material impact on its financial position, results of operations
      or
      cash flows.





17


**ITEM
      3. CONTROLS AND PROCEDURES**





a. Evaluation
      of Disclosure Controls and Procedures:





The
      management of the Company has evaluated the effectiveness of the Company's
      disclosure controls and procedures as of the end of the
      period of the report September 30, 2007, and has concluded that the disclosure
      controls, internal controls and procedures are effective based upon their
      evaluation as of the evaluation date.





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 issuers last fiscal quarter that has materially
      affected or is reasonable likely to materially affect, the small business
      issuer's internal control over financial reporting.




**ITEM
      3A(T). CONTROLS AND PROCEDURES**





There
      have been no changes in the small business issuers internal control over
      financial reporting identified in connection with the evaluation required by
      paragraph (d) of Rule 240.15d-15 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.**





Not
      Applicable.





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





The
      Company made the following unregistered sales of its securities from January
      1,
      2007 to September 30, 2007.





**DATE
                OF SALE**
            
            **TITLE
                OF SECURITIES**
            
            **NO.
                OF SHARES**
            
            **CONSIDERATION**
            
            **CLASS
                OF PURCHASER**01/03/07-01/26/07
            
            Common
                Stock
            
            850,000
            
            $1.00
                per share
            
            Accredited
                Investor(s) - Private Placement Memorandum01/31/07
            
            Warrant
                for common stock
            
            10,000
            
            Penalty
                for failure to register warrants
            
            Business
                Associate02/1/07
            
            Warrant
                for common stock
            
            2,000
            
            Investment
                banking fees
            
            Business
                Associate04/16/07
                -
              08/31/07
            
            Common
                Stock
            
            4,261,500
            
            $1.00
                per share
            
            Accredited
                Investor(s) - Private Placement Memorandum04/20/07
            
            Options
                for common Stock
            
            9,000,000
            
            $1.00
                exercise price
            
            Company
                Executive(s)08/31/07
            
            Warrant
                for
              common
                stock
            
            1,000,000
            
            $1.00
                exercise price
            
            Business
                Associate09/13/07
            
            Common
                Stock
            
            600,000
            
            $.75
                per share
            
            Director(s)





*Exemption
      from Registration Claimed*





All
      of
      the sales by the Company of its unregistered securities were made by the Company
      in reliance upon Section 4(2) of the Act. All of the individuals and/or entities
      listed above that purchased the unregistered securities were all known to the
      Company and its management, through pre-existing business relationships, as
      long
      standing business associates, friends, and employees. All purchasers were
      provided access to all material information, which they requested, and all
      information necessary to verify such information and were afforded access to
      management of the Company in connection with their purchases. All purchasers
      of
      the unregistered securities acquired such securities for investment and not
      with
      a view toward distribution, acknowledging such intent to the Company. All
      certificates or agreements representing such securities that were issued
      contained restrictive legends, prohibiting further transfer of the certificates
      or agreements representing such securities, without such securities either
      being
      first registered or otherwise exempt from registration in any further resale
      or
      disposition.





18


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





None




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





On
      October 10, 2007, Momentum Biofuels, Inc., (formerly known as Tonga Capital
      Corporation) (the Company) held its Annual Shareholders’
Meeting.  The following items were approved by a majority of the
      voting shareholders:





-  Messrs.
      Richard C.  Cilento, Richard A. Robert, Jeffrey P. Ploen, David
      M. Fick, John V. Olsen, Richard K. Reiling and Gregory A. Enders were
      elected to the Company’s Board of Directors.  All directors were
      elected to serve a one-year term.





-  A
      resolution to
      change the Company's name from Tonga Capital Corporation to Momentum
      Biofuels, Inc.





-  The
      engagement of Malone
& Bailey, as the Company’s registered independent public
      accountants.





**Item
      5. Other Information.**





None





**Item
      6. Exhibits.**





The
      following is a complete list of exhibits filed as part of this Form 10-QSB.
      Exhibit numbers correspond to the numbers in the Exhibit Table of Item 601
      of
      Regulation S-B.





31.1
            Certification
                by the Chief Executive Officer pursuant to Section 302 of the
                Sarbanes-Oxley Act.32.1
            Certification
                by the Chief Executive Officer pursuant to Section 906 of the
                Sarbanes-Oxley Act.








19


**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.







**MOMENTUM
                BIOFUELS, INC.**Date:
                November 14, 2007
            By:
                /s/ Gregory A.
                EndersGregory
                A. Enders, President,Chief
                Executive Officer & Acting Principal Accounting
                Officer








20