UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 WASHINGTON,
D.C. 20549
 
 FORM
10-Q/A
 
 x    QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
  For the
quarterly period ended June 30,
2009
 
 o   TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934
 
 For the
Transition Period from __________ to __________
 
 Commission
File No. 000-52910
 
 CENTRACAN
INCORPORATED
 
 (Name of
Small Business Issuer in Its Charter)
   Florida
                
                65-0736042(State
      or Other Jurisdiction of
                  Incorporationor
      Organization)
                
                (I.R.S.
      Employer Identification No.)c/o
      Olshan Grundman Frome et al.
                  65 East 55thStreet, New York, New
      York
                
                10022(Address
      of Principal Executive Offices)
                
                (Zip
      Code)
  Issuer’s
telephone number, including area code:     (212)
451-2254
  Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act of 1934 during the preceding 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 o
  Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company.
  Large
accelerated filer   o                                                               Accelerated
filer                    
o
  Non-accelerated
filer     o                                                              Smaller
reporting company    x
 
 Indicate
by check mark whether the registrant is a shell company (as defined in Rule12b-2
of the Exchange Act).Yes x   No o
 
 As of June 30, 2009, there were 392,457
shares of common stock outstanding.
   
  
 CENTRACAN
INCORPORATED
 
 FORM
10-Q
 Amendment
No. 1
 June
30, 2009
 INDEX
 
 PART
I-- FINANCIAL INFORMATION
 
 Item
      1.
              Financial
      StatementsItem
      2.
              Management’s
      Discussion and Analysis of Financial ConditionItem
      3.
              Quantitative
      and Qualitative Disclosures About Market RiskItem
      4T.
              Control
      and Procedures
 
 PART
II-- OTHER INFORMATION
 
 Item
      1
              Legal
      ProceedingsItem
      1A
              Risk
      FactorsItem
      2.
              Unregistered
      Sales of Equity Securities and Use of ProceedsItem
      3.
              Defaults
      Upon Senior SecuritiesItem
      4.
              Submission
      of Matters to a Vote of Security HoldersItem
      5.
              Other
      InformationItem
      6.
              Exhibits
      and Reports on Form 8-K
 
 SIGNATURE
 
 
 
 
 
 ITEM
1. Financial Information
 
 
 CENTRACAN
INCORPORATED
 June 30,
2009 and 2008
 
 Index to
Financial Statements
 
 
 FINANCIAL
      STATEMENTS
              Page
      #Balance
      Sheets as of June 30, 2009 (Unaudited) and December 31,
    2008
              F-1Statements
      of Operations for the Three Months Ended June 30, 2009 and 2008
      (Unaudited)
              F-2Statements
      of Operations for the Six Months Ended June 30, 2009 and 2008
      (Unaudited)
              F-3Statements
      of Cash flows for the Six Months Ended June 30, 2009 and 2008
      (Unaudited)
              F-4Notes
      to the Financial Statements (Unaudited)
              F-5
 
 
 
 
 
  CENTRACAN
INCORPORATED
 Balance
Sheets
 
 
 ASSETSJune
      30,
                2009
                (Unaudited)
              
              
              December 31,
                2008Current
      Assets:Cash
              
              $
              -
              
              
              $
              103Total
      current assets
              
              
              -
              
              
              
              103TOTAL
      ASSETS
              
              $
              -
              
              
              $
              103LIABILITIES
      AND STOCKHOLDERS' DEFICITCurrent
      Liabilities:Accounts
      payable and accrued expenses
              
              $
              123,139
              
              
              $
              103,100Accounts
      payable – related party
              
              
              27,415
              
              
              
              23,649Notes
      payable – related party
              
              
              72,859
              
              
              
              72,859Total
      Current Liabilities
              
              
              223,413
              
              
              
              199,608Stockholders'
      Deficit:Preferred
      stock: $0.001 par value; 10,000,000 shares authorized; no shares issued or
      outstanding
              
              
              -
              
              
              
              -Common
      stock: $0.001 par value; 50,000,000 shares authorized; 392,457 shares
      issued and outstanding
              
              
              40
              
              
              
              40Additional
      paid-in capital
              
              
              137,008
              
              
              
              137,008Accumulated
      deficit
              
              
              (360,461
              )
              
              
              (336,553
              )Total
      Stockholders’ Deficit
              
              
              (223,413
              )
              
              
              (199,505
              )TOTAL
      LIABILITIES AND STOCKHOLDERS’ DEFICIT
              
              $
              -
              
              
              $
              103
 
 See
accompanying notes to the financial statements.
 
 F-1
  
 CENTRACAN
INCORPORATED
 Statements
of Operations
 (Unaudited)
 
 
 Three
      Months
                Ended
                June
      30, 2009
              
              
              Three
      Months
                Ended
                June
      30, 2008Revenues
              
              $
              -
              
              
              $
              -Operating
      expenses:Professional
      fees
              
              
              19,035
              
              
              
              10,000General
      and administrative
              
              
              (2,165
              )
              
              
              1,309Total
      operating expenses
              
              
              16,870
              
              
              
              11,309Loss
      from operations
              
              
              (16,870
              )
              
              
              (11,309
              )Other
      income (expense):Interest
      expense
              
              
              (1,842
              )
              
              
              (1,636
              )Total
      other income (expense)
              
              
              (1,842
              )
              
              
              (1,836
              )Loss
      before income taxes
              
              
              (18,712
              )
              
              
              (12,945
              )Income
      tax provision
              
              
              -
              
              
              
              -Net
      loss
              
              $
              (18,712
              )
              
              $
              (12,945
              )Net
      loss per common share –basic
      and diluted
              
              $
              (0.05
              )
              
              $
              (0.03
              )Weighted
      average number of common shares outstanding – basic and
      diluted
              
              
              392,457
              
              
              
              392,457
 
 See
accompanying notes to the financial statements.
 
 F-2
 
 
 
 CENTRACAN
INCORPORATED
 Statements
of Operations
 (Unaudited)
 
 
 For
      the Six
                Months
      Ended
                June
      30,2009
              
              
              For
      the Six
                Months
      Ended
                June
      30,2008Revenues
              
              $
              -
              
              
              $
              -Operating
      expenses:Professional
      fees
              
              
              22,135
              
              
              
              11,500General
      and administrative
              
              
              (1,890
              )
              
              
              3,896Total
      operating expenses
              
              
              20,245
              
              
              
              15,396Loss
      from operations
              
              
              (20,245
              )
              
              
              (15,396
              )Other
      income (expense):Interest
      expense
              
              
              (3,663
              )
              
              
              (3,189
              )Total
      other income (expense)
              
              
              (3,663
              )
              
              
              (3,189
              )Loss
      before income taxes
              
              
              (23,908
              )
              
              
              (18,585
              )Income
      tax provision
              
              
              -
              
              
              
              -Net
      loss
              
              $
              (23,908
              )
              
              $
              (18,585
              )Net
      loss per common share - basic and diluted
              
              $
              (0.06
              )
              
              $
              (0.05
              )Weighted
      average number of common shares outstanding – basic and
      diluted
              
              
              392,457
              
              
              
              392,457
 
 See
accompanying notes to financial statements.
  F-3
  
 
 CENTRACAN
INCORPORATED
 Statements
of Cash Flows
 (Unaudited)
 
 
 For
      the Six
                Months
      Ended
                June
      30,2009
              
              
              For
      the Six
                Months
      Ended
                June
      30,2008CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      loss
              
              $
              (23,908
              )
              
              $
              (18,585
              )Adjustments
      to reconcile net loss to net cash used in operating
      activities:Changes
      in operating assets and liabilitiesAccounts
      payable and accrued expenses
              
              
              20,039
              
              
              
              (4,254
              )Accounts
      payable and accrued expenses – related party
              
              
              3,766
              
              
              
              13,905Net
      Cash Used in Operating Activities
              
              
              (103
              )
              
              
              (8,934
              )CASH
      FLOWS FROM FINANCING ACTIVITIESProceeds
      from promissory notes
              
              
              -
              
              
              
              8,850Net
      Cash Provided by Financing Activities
              
              
              -
              
              
              
              8,850NET
      CHANGE IN CASH
              
              
              (103
              )
              
              
              (84
              )CASH
      AT BEGINNING OF PERIOD
              
              
              103
              
              
              
              84CASH
      AT END OF PERIOD
              
              $
              -
              
              
              $
              -
 
 See
accompanying notes to financial statements.
  F-4
 
  CENTRACAN
INCORPORATED
 
 June 30,
2009 and 2008
 NOTES TO
THE FINANCIAL STATEMENTS
 (UNAUDITED)
 
 1.            
     ORGANIZATION
 
 Premier
Supplements Corp. was incorporated on March 21, 1997, under the laws of the
State of Florida.  From March 21, 1997 (inception) through December
31, 1997, Premier Supplements Corp. engaged in the distribution of vitamin and
health products.   On November 13, 2007, Centracan filed a Form
10-SB with the Securities and Exchange Commission registering its common stock
under Section 12 of the Securities Exchange Act of 1934.
 
 In
February 1998, the Company entered into an Asset Purchase Agreement with
Healthcare Management Company, Inc., a Nevada corporation (“HMC”), whereby a
subsidiary of Centracan would acquire all the capital stock of two foreign
subsidiaries of HMC: Impacto Internacional de Montes de OCA, S.A., a Costa Rican
corporation that owned and operated a magnetic resonance imaging facility, and
Centro Medico Los Angeles Centracan, S.A., a Costa Rican corporation that owned
and operated a cancer center in Costa Rico. In September 2000, Centracan paid
$50,000 to HMC to terminate the Asset Purchase Agreement, releasing all parties
from their obligations.
  On May
15, 1998, Premier Supplements Corp. changed its name to CentraCan Incorporated
(“CentraCan” or the “Company”).  Since 1998, the Company has not
engaged in any business operations and has no business plan other than to
acquire an operating company.  As a result, the Company is a “shell”
or “blank check” company, whose sole purpose is to locate and consummate a
merger or acquisition with a private entity.
  2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
 BASIS
OF PRESENTATION
 
 The
accompanying unaudited interim financial statements and related notes have been
prepared in accordance with accounting principles generally accepted in the
United States of America (“U.S. GAAP”) for interim financial information, and
with
 
 
 F-5
 
 
 the rules
and regulations of the United States Securities and Exchange Commission (“SEC”)
to Form 10-Q and Article 8 of Regulation S-X.  Accordingly, they do
not include all of the information and footnotes required by U.S. GAAP for
complete financial statements.  The unaudited interim financial statements
furnished reflect all adjustments (consisting of normal recurring accruals)
which are, in the opinion of management, necessary to a fair statement of the
results for the interim periods presented.  Interim results are not
necessarily indicative of the results for the full year.  These
financial statements should be read in conjunction with the financial statements
of the Company for the year ended December 31, 2008 and notes thereto
contained in the Company’s Annual Report on Form 10-K as filed with the SEC on
May 11, 2009.
 
 RECLASSIFICATION
 
 Certain
amounts in the prior period financial statements have been reclassified to
conform to the current period presentation. These reclassifications had no
effect on reported losses.
  USE
OF ESTIMATES
 
 The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosures of
contingent assets and liabilities as of the date of the financial statements and
reporting period. Accordingly, actual results could differ from those
estimates.
  CASH
AND CASH EQUIVALENTS
  The
company considers all highly liquid investments purchased with an original
maturity of three months or less to be cash equivalents.
  FAIR
VALUE OF FINANCIAL INSTRUMENTS
 
 U.S. GAAP
for fair value measurements establishes a fair value hierarchy which prioritizes
the inputs to valuation techniques used to measure fair value into three levels.
The fair value hierarchy gives the highest priority to quoted market prices
(unadjusted) in active markets for identical assets or liabilities (Level 1) and
the lowest priority to unobservable inputs (Level 3). Level 2 inputs are
inputs, other than quoted prices included within Level 1, which are
observable for the asset or liability, either directly or indirectly.The fair value hierarchy
gives the highest priority to quoted prices (unadjusted) in active markets for
identical assets or liabilities and the lowest priority to unobservable
inputs.
 
 The
carrying amounts of the Company’s financial assets and liabilities, such as
cash, accounts payable and accrued expenses, loan payable – related party and
notes payable – related party approximates their fair values because of the
short maturity of these instruments.
   F-6
 
 The
Company does not have any assets or liabilities measured at fair value on a
recurring or a non-recurring basis, consequently, the Company did not have any
fair value adjustments for assets and liabilities measured at fair value at June
30, 2009 or 2008, nor gains or losses are reported in the statement of
operations that are attributable to the change in unrealized gains or losses
relating to those assets and liabilities still held at the reporting date for
the interim period ended June 30, 2009 or 2008.
  INCOME
TAXES
 
 The
Company accounts for income taxes under Statement of Financial Accounting
Standards No. 109 “Accounting for Income
Taxes” (“SFAS No. 109”). Deferred income tax assets and liabilities
are determined based upon differences between the financial reporting and tax
bases of assets and liabilities and are measured using the enacted tax rates and
laws that will be in effect when the differences are expected to reverse.
Deferred tax assets are reduced by a valuation allowance to the extent
management concludes it is more likely than not that the assets will not be
realized. Deferred tax assets and liabilities are measured using enacted tax
rates expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. The effect on deferred tax
assets and liabilities of a change in tax rates is recognized in the statements
of operations in the period that includes the enactment date.
 
 The
Company adopted the provisions of Financial Accounting Standards Board (“FASB”)
Interpretation No. 48 “Accounting for Uncertainty in
Income Taxes – an interpretation of FASB Statement No. 109” (“FIN
48”).  FIN 48 addresses the determination of whether tax benefits
claimed or expected to be claimed on a tax return should be recorded in the
financial statements.  Under FIN 48, the Company may recognize the tax
benefit from an uncertain tax position only if it is more likely than not that
the tax position will be sustained on examination by the taxing authorities,
based on the technical merits of the position.  The tax benefits
recognized in the financial statements from such a position should be measured
based on the largest benefit that has a greater than fifty percent (50%)
likelihood of being realized upon ultimate settlement.  FIN 48 also
provides guidance on de-recognition, classification, interest and penalties on
income taxes, accounting in interim periods and requires increased
disclosures.  The Company had no material adjustments to its
liabilities for unrecognized income tax benefits according to the provisions of
FIN 48.
  NET
LOSS PER COMMON SHARE
 
 Net loss
per common share is computed pursuant to Statement of Financial Accounting
Standards No. 128 "Earnings per Share" ("SFAS No. 128").  Basic net loss
per common share is computed by dividing net loss by the weighted average number
of shares of common stock outstanding during the period. Diluted net loss per
common share is computed by dividing net loss by the weighted average number of
shares of common stock and potentially outstanding shares of common stock during
each period. There were no potentially dilutive shares outstanding as of June
30, 2009 or 2008.
  F-7
   
 RECENTLY
ISSUED ACCOUNTING PRONOUNCEMENTS
 
 In June
2003, the Securities and Exchange Commission (“SEC”) adopted final rules under
Section 404 of the Sarbanes-Oxley Act of 2002 (“Section 404”), as amended by SEC
Release No. 33-9072 on October 13, 2009.  Commencing with its annual
report for the fiscal year ending December 31, 2010, the Company will be
required to include a report of management on its internal control over
financial reporting. The internal control report must include a
statement
 
 Of
      management’s responsibility for establishing and maintaining adequate
      internal control over its financial
reporting;
 
 Of
      management’s assessment of the effectiveness of its internal control over
      financial reporting as of year end;
and
 
 Of
      the framework used by management to evaluate the effectiveness of the
      Company’s internal control over financial
  reporting.
 
 Furthermore,
it is required to file the auditor’s attestation report separately on the
Company’s internal control over financial reporting on whether it believes that
the Company has maintained, in all material respects, effective internal control
over financial reporting.
 
 In
April 2009, the Financial Accounting Standards Board (FASB) issued FASB
Staff Position (FSP) Financial Accounting Standard (FAS) 157-4 “Determining Fair
Value When the Volume and Level of Activity for the Asset or Liability Have
Significantly Decreased and Identifying Transactions That Are Not Orderly”.
Based on the guidance, if an entity determines that the level of activity for an
asset or liability has significantly decreased and that a transaction is not
orderly, further analysis of transactions or quoted prices is needed, and a
significant adjustment to the transaction or quoted prices may be necessary to
estimate fair value in accordance with Statement of Financial Accounting
Standards (SFAS) No. 157 “Fair Value Measurements”. This FSP is to be
applied prospectively and is effective for interim and annual periods ending
after June 15, 2009 with early adoption permitted for periods ending after
March 15, 2009. The company will adopt this FSP for its quarter ending
June 30, 2009. There is no expected impact on the financial
statements.
 
 In
April 2009, the FASB issued FSP FAS 107-1 and Accounting Principles Board
(APB) 28-1 “Interim Disclosures about Fair Value of Financial Instruments”. The
FSP amends SFAS No. 107 “Disclosures about Fair Value of Financial
Instruments” to require an entity to provide disclosures about fair value of
financial instruments in interim financial information. This FSP is to be
applied prospectively and is effective for interim and annual periods ending
after June 15, 2009 with early adoption permitted for periods ending after
March 15, 2009. The company has included the required disclosures in its
quarter ending June 30, 2009.
   F-8
  
 In
May 2009, the FASB issued SFAS No. 165, “Subsequent Events” (“SFAS
165”), which provides guidance to establish general standards of accounting for
and disclosures of events that occur after the balance sheet date but before
financial statements are issued or are available to be issued. SFAS
165 also requires entities to disclose the date through which subsequent
events were evaluated as well as the rationale for why that date was selected.
This disclosure should alert all users of financial statements that an entity
has not evaluated subsequent events after that date in the set of financial
statements being presented. SFAS 165 is effective for interim and annual periods
ending after June 15, 2009. The adoption of this pronouncement did not have
a material impact on the company’s financial position, results of operations or
cash flows.
 
 In
June 2009, the FASB approved the “FASB Accounting Standards Codification”
(the “Codification”) as the single source of authoritative nongovernmental U.S.
GAAP to be launched on July 1, 2009. The Codification does not change
current U.S. GAAP, but is intended to simplify user access to all authoritative
U.S. GAAP by providing all the authoritative literature related to a particular
topic in one place. All existing accounting standard documents will be
superseded and all other accounting literature not included in the Codification
will be considered nonauthoritative. The Codification is effective for interim
and annual periods ending after September 15, 2009. The Codification is
effective for the Company in the interim period ending September 30, 2009
and the Company does not expect the adoption to have a material impact on its
consolidated financial position, results of operations or cash
flows.
 
 Management
does not believe that any other recently issued, but not yet effective
accounting pronouncements, if adopted, would have a material effect on the
accompanying consolidated financial statements.
 
 3.                   
GOING CONCERN
 
 The
accompanying financial statements 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 is currently inactive.
As reflected in the accompanying financial statements, the Company had an
accumulated deficit of $360,461 at June 30, 2009, a net loss of $23,908 and net
cash used in operations of $103 for the interim period ended June 30, 2009,
respectively.
 
 While the
Company is attempting to generate sufficient revenues, the Company’s cash
position may not be enough to support the Company’s daily
operations.  Management intends to raise additional funds by way of a
public or private offering.  Management believes that the actions
presently being taken to further implement its business plan and generate
sufficient revenues provide the opportunity for the Company to continue as a
going concern.  While the Company believes in the viability of its
strategy to increase revenues and in its ability to raise additional funds,
there can be no assurances to that effect.  The ability of the Company
to continue as a going concern is dependent upon the Company’s ability to
further implement its business plan and generate sufficient
revenues.
 
 The
financial statements do not include any adjustments that might be necessary if
the Company is unable to continue as a going concern.
   F-9
  
 4.                 
  NOTES PAYABLE – RELATED PARTY
 
 Through
June 30, 2009, the Company executed notesto a related party
aggregating a total of $72,859, which bear interest of 10% per annum. These
notes are convertible into shares of common stock at any time at the conversion
rate of $.01 per share.  The value of the conversion feature was not
considered material.
 
 5.                 
   SUBSEQUENT EVENTS
 
 The
Management of the Company has determined that there were no reportable
subsequent events to be disclosed.
 
 Item
2.  Management’s Discussion and Analysis or plan of
Operation
  The
following plan of operation provides information which management believes is
relevant to an assessment and understanding of our results of operations and
financial condition.  The discussion should be read along with our
financial statements and notes thereto. Since 1998, the Company has not engaged
in any business operations and has no business plan other than to acquire an
operating company. Because the Company has only generated minimal revenues, it
intends to report its plan of operation below.
 
 The
following discussion and analysis contains forward-looking statements, which
involve risks and uncertainties.  The Company’s actual results may
differ significantly from the results, expectations and plans discussed in these
forward-looking statements.
 
 The
Company’s operations have been devoted primarily to developing a business plan
and raising capital for future operations and administrative
functions.  The Company intends to grow through internal development,
strategic alliances, and acquisitions of existing businesses.  Because
of uncertainties surrounding its development, the Company anticipates incurring
development stage losses in the foreseeable future.  The ability of
the Company to achieve its business objectives is contingent upon its success in
raising additional capital until adequate revenues are realized from
operations.
 
 SIXMONTHS
ENDED JUNE 30, 2009 AND JUNE 30, 2008
 
 Development
stage losses during the six months ended June 30, 2009 were $23,908 as compared
to $18,585 for the period ended June 30, 2008.
 
 Expenses
for the six months ended June 30, 2009 were primarily accounting $6,574, legal
$15,561, license and permits ($2,583) and interest on note payables
$3,663.
 
 Expenses
for the six months ended June 30, 2008 were primarily accounting $6,500, legal
$5,000, office $1,124, transfer agent $2,387 and interest expense
$3,189.
   
 
 THREE
MONTHS ENDED JUNE 30, 2009 AND JUNE 30, 2008
 
 Development
stage losses during the three months ended June 30, 2009 was $18,712 as compared
to a loss of $12,945 for the three months ended June 30, 2008.
 
 Expenses
for the three months ended June 30, 2009 were primarily accounting $3,474, legal
$15,561, license and permits ($2,583) and interest on note payables
$1,842.
 
 Expenses
for the three months ended June 30, 2008 were primarily for accounting $5,000,
legal $5,000, transfer agent fees $1,499 and interest on notes payable
$1,636.
  Liquidity and Capital
Resources
 
 Despite
capital contributions and both related party and third party loan commitments,
the company from time to time experienced, and continues to experience, cash
flow shortages that have slowed the Company’s growth.
 
 The
Company has primarily financed its activities from sales of capital stock of the
Company and from loans from related and third parties.  A significant
portion of the funds raised from the sale of capital stock has been used to
cover working capital needs such as office expenses and various professional
fees.
 
 For the
six months ended June 30, 2009, we incurred a net loss of
$23,908.  Our accumulated deficit since inception is
$360,461.  Such accumulated losses have resulted primarily from costs
related to various professional fees.
 
 The
Company continues to experience cash flow shortages, and anticipates this
continuing through the foreseeable future.  Management believes that
additional funding will be necessary in order for it to continue as a going
concern.  The Company is investigating several forms of private debt
and/or equity financing, although there can be no assurances that the Company
will be successful in procuring such financing or that it will be available on
terms acceptable to the Company. If the Company is unable to generate profits,
or unable to obtain additional funds for its working capital needs, it may have
to cease operations.
 
 Item
3.   Quantitative and Qualitative Disclosures About Market
Risk.
 
 As a
Smaller Reporting Company as defined Rule 12b-2 of the Exchange Act and in
Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure
reporting obligations and therefore are not required to provide the information
requested by this Item 3.
   
 
 Item
4.   Controls and Procedures.
 
 Evaluation
of Disclosure Controls and Procedures.
 
 As
required by Rule 13a-15(b) under the Securities Exchange Act of 1934
(the"Exchange Act"), the Company's management, with the participation of the
Company's Chief Executive Officer ("CEO") and Principal Financial Officer,
evaluated the effectiveness of the Company's disclosure controls and procedures
as of the end of the period covered by this report in reaching a reasonable
level of assurance that the information required to be disclosed by the Company
in the reports that it files with the Securities and Exchange Commission (“SEC”)
is recorded, processed, summarized and reported within the time period specified
in the SEC's rules and forms. Based upon that evaluation, the CEO and Principal
Financial Officer concluded that the Company's disclosure controls and
procedures to be ineffective as of the end of the period covered by this
report.
  Changes
in Internal Control Over Financial Reporting
 
 There
were no changes to our internal control over financial reporting (as defined in
Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the
period covered by this report that have materially affected, or are reasonably
likely to materially affect, our internal control over financial
reporting.
 
 PART
II
 
 Item
1.   Legal Proceedings.
 
 None.
 
 Item
2.   Unregistered Sales of Equity Securities and Use of
Proceeds.
 
 None.
 
 Item
3.   Defaults Upon Senior Securities.
 
 A promissory note payable in the amount
of $24,409 became due January 1, 2007 and accordingly is in
default.
 
 Item
4.   Submission of Matters to a Vote of Security
Holders.
 
 None.
 
 Item
5.   Other Information.
 
 None.
   
 
 Item
6.    Exhibits.
 
 Index to
Exhibits.
 
 3.1*        Articles
of Incorporation
 
 3.2*        Amendment
No. 1 to Articles of Incorporation
 
 3.3*        Amendment
No. 2 to Articles of Incorporation
 
 3.4*         By-laws
 
 31.1         Certification of Chief Executive Officer Pursuant
to Section 302 of the Sarbanes-Oxley Act of 2002.
  31.2         Certification
of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of
2002.
 
 32.1        
Section 1350 Certification (Principal Executive Officer)
 
 32.2         Section
1350 Certification (Principal Financial Officer)
 
 *   Incorporated by
Reference to the Company’s Registration Statement on Form 10-SB filed on
November 13, 2007.
 
 SIGNATURES
 
 Pursuant to the requirements of Section
13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
  CENTRACAN
      INCORPORATEDDated:
      December 18, 2009
                By:
                /s/ Jerome
      Goubeaux,Jerome
      Goubeaux,Chief
      Executive Officer