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: September 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 September 30, 2006, 48,301,664 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
September 30, 2006 as previously  filed on December 4, 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 improperly  capitalized loan origination
fees and had not properly accrued expenses related to legal and accounting 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 the note assumed in
connection with the reverse acquisition we participated in on June 30, 2006. The
effect of the changes  related to accounting for the changes  described above on
our  statement  of  operations  was a decrease in our net loss  attributable  to
common shareholders of $67,979 for the three months ended September 30, 2006 and
an increase of $366,890 for the period from inception (May 8, 2006) to September
30, 2006.  Net loss per common share for the period from inception (May 8, 2006)
to September  30, 2006  remained  unchanged as the  weighted  average  number of
common shares outstanding was increased by 12,261,476 shares for the period. The
effect on our  balance  sheet as of  September  30, 2006 was a increase in total
assets of $146,586, an increase in total liabilities of $37,989, and an increase
in stockholder's equity of $108,597.

In all other material  respects,  this Amended Quarterly Report on Form 10-QSB/A
is unchanged  from the  Quarterly  Report on Form 10-QSB/A  previously  filed on
December  4, 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/A 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.


<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>


                                                                                                       September 30,
                                                                                                           2006
                                                                                                        (Restated)
                                                                                                     ------------------
ASSETS
Current Assets

   Cash                                                                                                    $    11,941
   Prepaid insurance                                                                                            37,912
                                                                                                     ------------------
Total Current Assets                                                                                            49,853

Property & equipment, net of accumulated depreciation of $823                                                   16,593
Assets being developed for our own use                                                                       1,406,644
Other assets - security deposits                                                                                26,278
                                                                                                     ------------------
TOTAL ASSETS                                                                                               $ 1,499,368
                                                                                                     ==================

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
    Accounts payable                                                                                       $   188,823
    Accrued expenses                                                                                            17,339
    Note payable - related parties                                                                             400,000
    Convertible note payable                                                                                   500,000
                                                                                                     ------------------
Total Current Liabilities                                                                                  $ 1,106,162
                                                                                                     ------------------

Stockholders' Equity:
Common Stock, $.01 par value; 500,000,000 shares
   authorized, 48,301,664 shares issued and outstanding                                                        483,016
Additional paid-in capital                                                                                     765,347

Deficit accumulated during development stage                                                                  (855,157)
                                                                                                     ------------------
Total Stockholders' Equity                                                                                  $  393,206
                                                                                                     ------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                                 $ 1,499,368
                                                                                                     ==================

See accompanying notes to consolidated financial statements.

</TABLE>


<PAGE>
<TABLE>
<CAPTION>




                            TONGA CAPITAL CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                      Consolidated Statements of Operations
                                   (Unaudited)
<S>                                               <C>                                 <C>

                                                                                              Period From Inception
                                                        Three-Months Ended                      (May 8, 2006) to
                                                        September 30, 2006                     September 30, 2006
                                                            (Restated)                             (Restated)
                                                  --------------------------------    --------------------------------------
Revenue                                                          $              -                         $               -
                                                  --------------------------------    --------------------------------------

Expenses

   Plant expenses                                                          52,555                                    59,805
   General and administrative                                             207,781                                   331,299
   Recapitalization expenses                                                    -                                   400,000
                                                  --------------------------------    --------------------------------------
Total Expenses                                                            260,336                                   791,104
                                                  --------------------------------    --------------------------------------
Loss from Operations                                                     (260,336)                                 (791,104)
                                                  --------------------------------    --------------------------------------

Other Income (Expense)
   Interest income                                                          1,543                                     1,826
   Interest expense                                                       (53,561)                                  (65,879)
                                                  --------------------------------    --------------------------------------
Total Other Income (Expense)                                              (52,018)                                  (64,053)
                                                  --------------------------------    --------------------------------------

Net Loss                                                         $       (312,354)                        $        (855,157)
                                                  ================================    ======================================

Per Share Information:
   Weighted average number of
     common shares outstanding                                         47,537,914                                44,535,552
                                                  --------------------------------    --------------------------------------

Net Loss per Common Share                                        $          (0.01)                         $          (0.02)
                                                  ================================    ======================================


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 September 30, 2006

<S>                                                                                                       <C>

Cash Flows from Operating Activities:
Net loss                                                                                                               $   (855,157)
  Adjustments to reconcile net loss to cash used in operating activities:
    Depreciation                                                                                                                823
     Amortization of debt discount                                                                                           53,751
     Imputed interest on related party note                                                                                   3,906
     Recapitalization expense                                                                                               400,000
     Changes in
       Accounts payable                                                                                                     158,475
       Accrued expenses                                                                                                       7,339
       Prepaid insurance                                                                                                    (37,912)
                                                                                                          --------------------------
Net Cash Used in Operating Activities                                                                                      (268,775)
                                                                                                          --------------------------
Cash Flows from Investing Activities:
    Acquisition of fixed assets                                                                                          (1,266,651)
    Increase in security deposits                                                                                           (26,278)
                                                                                                          --------------------------
Net Cash Used in Investing Activities                                                                                    (1,292,929)
                                                                                                          --------------------------
Cash Flows from Financing Activities:
    Proceeds from related party notes payable                                                                               250,000
    Proceeds from convertible notes payable                                                                                 250,000
    Stock issued for cash                                                                                                 1,067,167
    Costs contributed by principal owner                                                                                      6,478
                                                                                                          --------------------------
Net Cash Provided by Financing Activities                                                                                 1,573,645
                                                                                                          --------------------------
Net Increase in Cash                                                                                                         11,941

Cash and cash equivalents - Beginning of period                                                                                   -
                                                                                                          --------------------------
Cash and cash equivalents - End of period                                                                               $    11,941
                                                                                                          ==========================

Supplemental Disclosure of Cash Flow Information
   Cash Paid During the Year for:
      Interest                                                                                                          $       882
      Income Taxes                                                                                                      $         -
Investing activities
    Capitalized interest during construction period                                                                     $   127,061
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
     For the Period From Inception (May 8, 2006) through September 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 recapitalization               7,852,539            78,525           (78,525)                  -              -
Issuance of warrants                                                                     162,882                   -        162,882
Imputed interest on loan from shareholder                                                 11,836                   -         11,836
Shares issued in private placement
   for cash                                        1,174,125            11,741         1,055,426                   -      1,067,167
Net loss                                                                                                    (855,157)      (855,157)
                                            -----------------    --------------    --------------    ----------------    -----------
Balance - September 30, 2006                      48,301,664         $ 483,016         $ 765,347           $(855,157)     $ 393,206
                                            =================    ==============    ==============    ================    ===========

See  accompanying  notes to  consolidated  financial statements.


</TABLE>


<PAGE>



                            TONGA CAPITAL CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                   Notes to Consolidated 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.


<PAGE>


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.


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
Plant equipment                                                          7 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.


<PAGE>


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 September 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.

<TABLE>
<CAPTION>
<S>                                                                             <C>

Weighted average shares used to compute basic and diluted net loss per
   common share:                                                                    44,535,552
                                                                                ===============
Securities  convertible  into shares of common stock at September 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  contemplated  the realization of assets and the satisfaction of
liabilities  in the  normal  course of  business.  The  current  liabilities  at
September  30,  2006,  exceed  current  assets by  $1,056,309  and a deficit  of
$855,157 has been accumulated through September 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.


<PAGE>




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 in fact it should have been  treated as a  recapitalization  expense.  This
note was issued as  consideration  in exchange for the return of shares of Tonga
by certain shareholders and is being treated as an expense of the acquisition in
these  financial  statements.  Tonga also identified and corrected the following
errors:

|X|      Capitalized loan origination fees of $10,000
|X|      Made a provision for depreciation expense of $823
|X|      Capitalized expenses during the construction period on the asset being
         developed for our own use and other items totaling $157,409
|X|      Accrued legal and accounting fees of $37,989
|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 $53,751


<PAGE>
<TABLE>
<CAPTION>




Our financial  statements  from inception  through  September 30, 2006 have been
restated to effect 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 and  statement of operations as of September 30, 2006 and for the
three month period ended  September  30, 2006 and for the period from  inception
(May 8, 2006) through September 30, 2006 are summarized below:
<S>                                          <C>                      <C>                          <C>


                                                As Previously
                                                   Reported                  Adjustment                   As Restated
                                             ---------------------    -------------------------    ---------------------------
Balance Sheet
Property & equipment                                  $    17,416                $        (823)                $       16,593
Assets being developed for our own use                  1,249,235                      157,409                      1,406,644
Loan Origination Fees                                      10,000                      (10,000)                             -
Accounts Payable                                          150,834                       37,989                        188,823
Additional Paid-in-Capital                                289,860                      475,487                        765,347
Deficit Accumulated during the development stage      $  (488,267)               $    (366,890)                $     (855,157)

Statement of operations
For the Three Months Ended September
Plant expenses                                        $    52,473                $          82                 $       52,555
General and Administrative                                255,961                      (48,180)                       207,781
Offering expenses                                          56,788                      (56,788)                             -
Net Loss                                                 (380,333)                      67,679                       (312,354)
Net Loss Per Common Share                             $     (0.01)               $           -                 $        (0.01)

Statement of operations
For the Period From Inception (May 8,
Plant expenses                                        $    59,723                $          82                 $       59,805
General and Administrative                                318,360                       12,939                        331,299
Recapitalization Expense                                        -                      400,000                        400,000
Offering expenses                                          93,788                      (93,788)                             -
Net Loss                                                 (488,267)                    (366,890)                      (855,157)
Weighted average number of common                      32,274,076                   12,261,476                      44,535,55
Net Loss Per Common Share                             $     (0.02)               $           -                 $        (0.02)


</TABLE>

<PAGE>



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 September 30, 2006 amounted to $127,061.

Note 7--Income Taxes

Tonga did not incur any income tax expense during the period from inception (May
8, 2006)  through  September  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
September  30, 2006,  Tonga had net  operating  loss  carryforwards  for federal
income tax purposes of approximately  $914,000 that may be offset against future
taxable  income.  To the extent not used, the net operating  loss  carryforwards
will expire in 2026.


Note 8 - Notes Payable to Related Parties

Notes payable as of September 30, 2006 consist of the following:
<TABLE>
<CAPTION>
<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, currently in default
                                                                                                            $    400,000
                                                                                                   ----------------------

The note payable to Ultimate Investments Corporation was issued as consideration
for the return of outstanding  shares of 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.

</TABLE>

<PAGE>




Note 9 - Convertible Notes Payable

Convertible notes payable as of September 30, 2006 consist of the following:
<TABLE>
<CAPTION>
<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 mutually agreement at
12.25% .  This note is secured by a blanket lien on all of Tonga's assets not otherwise
encumbered.                                                                                                $   250,000

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 mutually 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 mutually agreement at
12.25%                                                                                                         125,000
                                                                                                    -------------------

  Total                                                                                                    $   500,000
                                                                                                    ===================
</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 275,131 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.

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 and as
of September 30, 2006 such discount has been completely amortized.

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
12.25%.  Interest  costs  incurred for the period from  inception  (May 8, 2006)
through   September  30,  2006  amounted  to  $192,940  of  which  $127,061  was
capitalized  as  construction  period  interest  on the  biodiesel  plant  being
constructed for our own use.

<PAGE>

Note 10 - Obligations and Commitments

Tonga has leased  office and plant  space and also  office and plant  equipment.
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.

Note 11 - Subsequent Events

On July 25, 2006,  Tonga  initiated a private  placement of 6,000,000  shares of
common  stock at a price of $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 footnotes 8 and 9 for subsequent events regarding debt.


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

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

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

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

(b)  potential fluctuation in quarterly results;

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

(d)  inadequate  capital to continue or expand its business,  inability to raise
     additional capital or financing 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,  and other risks
inherent in the Company's businesses.

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

CHANGES IN FINANCIAL CONDITIONS.

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

Momentum  Biofuels,  Inc.  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 Biofuels,  Inc. 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.

b) In conjunction with the Plan and Agreement of Reorganization, the Company has
issued a Promissory  Note for $400,000 at no interest  payable and due in ninety
days.  This note was issued in exchange  for the return of shares of the Company
that   were   then    retired   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.

<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

The Company had $11,941 cash at the end of the period and current liabilities of
$1,106,162.  The Company  will need to either  borrow  money or make  additional
private placements of stock in order to fund operations.  No assurance exists as
to the ability to achieve loans or make private placements of stock.

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

The  Company  had no  revenue  for the  period  and  incurred  $52,555  in plant
expenses.  The Company incurred $207,781 in general and administrative  expenses
in the  period  in  2006.  Expenses  in 2006  were in  relation  to the Plan and
Agreement of Reorganization with Momentum Biofuels, Inc. and the construction of
its initial  biodiesel  plant.  The Company had a loss in the second  quarter of
2006 of $312,354. The net loss per share was $0.01 in the quarter in 2006.

Results of Operations from inception (May 8, 2006) to September 30, 2006.
-----------------------------------------------------------------------

The Company had no revenue for the period. The Company incurred $59,805 in plant
expenses and $331,299 in general and  administrative  expenses in the nine-month
period  in  2006  and  none  in  2005.   The   Company   incurred   $400,000  in
recapitalization  expenses during this period. Expenses in 2006 were in relation
to the Plan and Agreement of Reorganization with Momentum Biofuels, Inc. and the
construction  of its initial  biodiesel  plant.  The Company had  cumulative net
losses  during this period of $855,157.  The net loss per share was $0.02 during
this period.

Liquidity and Capital Resources.

At September 30, 2006,  the Company had $11,941 in cash and  $1,487,427 in other
assets  with which to conduct  operations.  There can be no  assurance  that the
Company will be able to carry out it's a business  plan. Due to 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. There is substantial doubt about the ability of the
Company to continue as a "going concern." The Company has not yet commenced with
revenue generating activities, has limited capital, nominal other assets, and no
capital commitments.  The effects of such condition could easily be to cause the
Company's bankruptcy.

The Company does not intend to pay dividends in the  foreseeable  future.  As of
the end of the  reporting  period,  the  Company  had no  material  cash or cash
equivalents.  There was no  significant  change in working  capital  during this
quarter.


<PAGE>


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.

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.

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.

<PAGE>

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  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.

PART II--OTHER INFORMATION

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


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

Item 2. Changes in Securities.


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

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

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

         (Not applicable)

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


         (Not applicable)

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

         (Not applicable)
<PAGE>

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