UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 Washington, D.C.
20549
 
 FORM 10-K
 
 (Mark
      One)þ
              
              ANNUAL
      REPORT PURSUANT TO SECTION 13 OR SECTION 15(d) OF
                THE
      SECURITIES EXCHANGE ACT OF 1934For
      the fiscal year ended December 31, 2009ORo
              
              TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                THE
      SECURITIES EXCHANGE ACT OF 1934For
      the transition period from ____________ to ____________
 
 Commission
file number:  0-52188
 
 Sadhana Equity
Investment, Inc.
 (Exact
name of registrant as specified in its charter)
 
 Florida
              
              20-5122076(State
      or other jurisdiction of
                incorporation
      or organization)
              
              (I.R.S.
      Employer
                Identification
      No.)
 
 25009
75th
Avenue E
 Myaaka
City, Florida  34251
 (Address
of principal executive offices) (Zip Code)
 Registrant’s
telephone number, including area code: (949) 646-8370
 
 Securities
registered under Section 12(b) of the Exchange Act:  None
 
 Securities
registered under Section 12(g) of the Exchange Act:
 
 Common Stock, no par
value
 (Title of
Class)
 
 Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act. Yes o  No þ
 
 Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act. Yes o  No þ
 
 Indicate
by check mark whether the registrant (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities 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  þ  No o
 
 Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such
files).  Yes oNo þ
 
 Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K is not contained herein, and will not be contained, to the
best of registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.  þ
 
 
 Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
definitions of “large accelerated filer,” “accelerated filer,” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.  (Check
one):
 
 Large
accelerated filer     o                                                                             Accelerated
filer       o
 Non-accelerated
filer       o                                                                             Smaller
reporting company  x
 (Do not
check if a smaller reporting company)
 
 Indicate
by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes þNo o
  There
were no shares of the registrant’s Common Stock held by non-affiliates on April
5, 2010.  On April 5, 2010, there were 5,000,000 shares of the
registrant’s Common Stock issued and outstanding and held by one (1) shareholder
deemed to be an affiliate of the registrant within the meaning of Rule 12b-2
under the Exchange Act.
 Sadhana
Equity Investment, Inc.
 -1-
  FORM
10-K
  For The
Fiscal Year Ended December 31, 2009
  INDEX
 
  PART
      IItem 1.
              Business
              
              3Item 1A.
              Risk
      Factors
              
              11Item 1B.
              Unresolved
      Staff Comments
              
              11Item 2.
              Properties
              
              11Item 3.
              Legal
      Proceedings
              
              11Item 4.
              Submission
      of Matters to a Vote of Security Holders
              
              11PART
      IIItem 5.
              Market for
      Registrant’s Common Equity, Related Stockholder Matters, and Issuer
      Purchases of Equity Securities
              
              12Item 6.
              Selected Financial
      Data
              
              12Item 7.
              Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations
              
              13Item 7A.
              Quantitative and
      Qualitative Disclosures about Market Risk
              
              18Item 8.
              Financial
      Statements and Supplementary Data
              
              19Item 9.
              Changes in and
      Disagreements with Accountants on Accounting and Financial
      Disclosure
              
              29Item 9A.
              Controls and
      Procedures
              
              29Item 9B.
              Other
      Information
              
              30PART
      IIIItem 10.
              Directors,
      Executive Officers and Corporate Governance
              
              31Item 11.
              Executive
      Compensation
              
              32Item 12.
              Security Ownership
      of Certain Beneficial Owners and Management and Related Stockholder
      Matters
              
              34Item 13.
              Certain
      Relationships and Related Transactions, and Director
      Independence
              
              34Item 14.
              Principal
      Accounting Fees and Services
              
              35PART
      IVItem 15.
              Exhibits and
      Financial Statement Schedules
              
              35Signatures
              
              36
 
 Explanatory
Notes
 In this
Annual Report on Form 10-K, Sadhana Equity Investment, Inc. is sometimes
referred to as the “Company”, “we”, “our” or “us” and U.S. Securities and
Exchange Commission is sometimes referred to as the “SEC”.
 
 -2-
 PARTI
 
 Item
1.  Business.
 
 General
 
 Sadhana
Equity Investment, Inc. was incorporated under the laws of the State of Florida
on July 5, 2006.  We are a developmental stage company and have no
revenues to date.  We have not yet commenced any formal business
operations and all activities to date have related to the Company’s formation,
capital stock issuance, professional fees with regard to filings with the SEC
and identification of potential business opportunities.  We are a
“shell” company conducting no business operations, other than our efforts to
seek merger partners or acquisition candidates and identification of potential
business opportunities.  We have one (1) part-time employee and no
full-time employees.  We neither own nor lease any real estate nor
vehicles.
 
 We were
created to effect a merger, exchange of capital stock, asset acquisition or
other similar business combination (a “Business Combination”) with an operating
or development stage business (the “Target Business”) which desires to utilize
our status as a reporting corporation under the Securities Exchange Act of 1934,
as amended (the “Exchange Act”). We are authorized to issue 100,000,000 shares
of common stock, no par value (the “Common Stock”), pursuant to the Articles of
Incorporation of the Company, of which 5,000,000 shares are currently issued and
outstanding. We have a shareholder base consisting of only one (1) shareholder.
None of the shares of Common Stock issued to such shareholder have been
registered under the Securities Act of 1933, as amended (the “Securities Act”).
See “Description of Securities”.  We intend to provide shareholders
with complete disclosure concerning a target company and its business, including
audited financial statements, prior to any merger or
acquisition.  Further, we will not enter into any Business Combination
until the Target Business has obtained the requisite audited financial
statements required to be included in a report on Form 8-K to be filed by us
with the SEC pursuant to the requirements of Form 8-K and the Exchange Act and
the applicable rules and regulations thereunder.
 
 We intend
to seek potential business opportunities and effectuate a Business Combination
with a Target Business with growth potential which, in the opinion of our sole
officer and director, could provide a return on investment to our sole
shareholder in the form of cash compensation and/or the potential for capital
appreciation in the form of continuing equity ownership. Our efforts in
identifying prospective Target Businesses are expected to include businesses in
the United States and abroad. While we may, under certain circumstances, seek to
effect Business Combinations with more than one Target Business, as a result of
our limited resources, we will, in all likelihood, have the ability to effect
only a single Business Combination. We may effect a Business Combination with a
Target Business which may be financially unstable or in its early stages of
development or growth. We will not restrict our search to any specific business,
industry or geographical location, and we may participate in a business venture
of virtually any kind or nature. Our sole officer and director may become
involved in management of the Target Business and/or may hire qualified but as
yet unidentified individuals to manage such Target Business. There are no
acquisitions, business combinations, or mergers pending or which have occurred
involving the Company. Presently, we have no plans, proposals, agreements,
understandings or arrangements of any kind or nature whatsoever to acquire or
merge with any specific business or company, and we have not identified any
specific business or company for investigation and evaluation.
 
 Going Concern
 
 Our
financial statements have been prepared on the basis of accounting principles
applicable to a going concern. As a result, they do not include adjustments that
would be necessary if we were unable to continue as a going concern and would
therefore be obligated to realize assets and discharge our liabilities other
than in the normal course of operations.  As reflected in the
accompanying financial statements, the Company is in the development stage with
no operations or revenues and has an accumulated deficit of $(55,865) through
December 31, 2009. This raises substantial doubt about our ability to continue
as a going concern, as expressed by our auditors in its opinion on our financial
statements included in this report. The ability of the Company to continue as a
going concern is dependent on the Company’s ability to raise additional capital
and implement its business plan.
 
 “Shell”
Corporation
 
 Our
discussion of the proposed business throughout this Report is purposefully
general and is not meant to restrict our virtually unlimited discretion to
search for and enter into potential business opportunities.
 
 -3-
 Background
 
 We have
conducted no business operations to date and expect to conduct none in the
future, other than our efforts to effectuate a Business Combination. We,
therefore, can be characterized as a shell company under Rule 12b-2 under the
Exchange Act.  As a shell company, we face risks inherent in the
investigation, acquisition, or involvement in a new business opportunity.
Further, as a “development stage” or “start-up” company, we face all of the
unforeseen costs, expenses, problems, and difficulties related to such
companies, including whether we will continue to be a going concern entity for
the foreseeable future. We are dependent upon the efforts of our sole officer
and director to effectuate a Business Combination.
 
 Due to
our limited capital resources, the consummation of a Business Combination will
likely involve the acquisition of, or merger or consolidation with, a company
that may or may not need substantial additional capital, and also desires to
establish a public trading market for its shares of capital stock, while
avoiding what it might deem to be the adverse consequences of undertaking a
public offering itself, such as the time delays and significant expenses
incurred to comply with the various Federal and state securities laws that
regulate initial public offerings. A Target Business might desire, among other
reasons, to
 
 ·
              create
      a public market for shares of capital stock in order to enhance liquidity
      for shareholders,
 
 ·
              facilitate
      raising capital through the private into public sale of securities,
      commonly referred to as a “PIPE”
transaction,
 
 ·
              facilitate
      raising capital through the public sale of securities of which the
      existence of a public market for such securities may exist,
      and/or
 
 ·
              acquire
      additional assets through the issuance of securities rather than for
      cash.
 
 No
trading market in our securities presently exists and we have no plans on
registering any securities under the Securities Act or state blue sky laws for
the foreseeable future. In light of the restrictions concerning shell companies
contained in many state blue sky laws and the regulations thereunder, it is not
likely that a trading market will be created in our securities until such time
as a Business Combination occurs with a Target Business. No assurances are given
that subsequent to such a Business Combination that a trading market in our
securities will develop, or, if such a trading market is developed, that it can
be maintained with liquidity. We presently have 100,000,000 shares of Common
Stock authorized, of which 5,000,000 are currently issued and outstanding. None
of these outstanding shares have been registered under the Securities Act, and
all of which are deemed to be “restricted securities”, as that term is defined
under Rule 144 promulgated under the Securities Act, because such shares were
issued in a private placement transaction to one (1) “accredited investor” not
involving a public offering. These shares cannot be resold under Rule 144 but
must be registered under the Securities Act. As of the date hereof, we have not
provided to any shareholder registration rights to register under the Securities
Act any shares of Common Stock of the Company.  See “Market Price of
and Dividends on the Registrant's Common Equity and Related Shareholder
Matters”.
 
 We cannot
estimate the time that it will take to effectuate a Business Combination. It
could be time consuming; possibly in excess of many months or
years.  Additionally, no assurance can be made that we will be able to
effectuate a Business Combination on favorable terms, or, if such a Business
Combination can be effected at all. We might identify and effectuate a Business
Combination with a Target Business which proves to be unsuccessful for any
number of reasons, many of which are due to the fact that the Target Business is
not identified at this time. If this occurs, the Company and its sole
shareholder might not realize any type of profit.
  There are relatively low barriers
to becoming a blank check company or shell company, thereby increasing the
competitive market for a small number of business opportunities.
  There are
relatively low barriers to becoming a blank check company or shell company. A
newly incorporated company with a single shareholder and sole officer and
director may become a blank check or shell company by voluntarily subjecting
itself to the SEC reporting requirements by filing and seeking effectiveness of
a Form 10, thereby registering its common stock pursuant to Section 12(g) of the
Exchange Act with the SEC. A Form 10 registration statement goes effective by
lapse of time 60 days after the original filing date, pursuant to Section
12(g)(1) of the Exchange Act and, upon the expiration of this 60 day time
period, a registrant will be subject to the reporting requirements under
the Exchange Act and the registration statement is automatically deemed
effective. The relative ease and low cost with which a company can become a
blank check or shell company can increase the already highly competitive market
for a limited number of businesses that will consummate a successful business
combination.
 
 -4-
 Unspecified
Industry and Target Business
 
 We will
seek to acquire a Target Business without limiting ourselves to a particular
industry. In seeking a Target Business, we will consider, without limitation,
businesses which
 
 (i) offer
or provide services or develop, manufacture or distribute goods in the United
States or abroad, including, without limiting the generality of the foregoing,
in the following areas: technology; real estate; health care; health products;
educational services; environmental services; consumer-related products and
services (including amusement, entertainment, video games, gaming and/or
recreational services); personal care services; voice and data information
processing; and telecommunication equipment manufacturers or
 
 (ii) are
engaged in wholesale or retail distribution of various products.
 
 To date,
we have not selected any particular industry or any Target Business in which to
concentrate our Business Combination efforts. Accordingly, we are only able to
make general disclosures concerning the risks and hazards of effectuating a
Business Combination with a Target Business since there is presently no current
basis for us to evaluate the possible merits or risks of the Target Business or
the particular industry in which we may ultimately operate. Any Target Business
that is selected will be required to have audited financial statements prior to
the consummation of a Business Combination consistent with the requirements of
Form 8-K and the Exchange Act and the rules and regulations
thereunder.
 
 To the
extent that we effect a Business Combination with a financially unstable company
or an entity in its early stage of development or growth (including entities
without established records of sales or earnings), we will become subject to
numerous risks and uncertainties inherent in the business and operations of
financially unstable and early stage or potential emerging growth companies. In
addition, to the extent that we effect a Business Combination with a Target
Business in an industry characterized by a high level of risk, we will become
subject to the currently unascertainable risks of that industry. An extremely
high level of risk frequently characterizes certain industries which experience
rapid growth. Although our sole officer and director will endeavor to evaluate
the risks inherent in a particular industry or Target Business, there can be no
assurances that we will properly ascertain or assess all significant risk
factors.
 
 Probable
Lack of Business Diversification
 
 As a
result of our limited resources, in all likelihood, we will have the ability to
effect only a single Business Combination. Accordingly, our prospects for
success will be entirely dependent upon the future performance of a single
business. Unlike certain entities that have the resources to consummate several
Business Combinations or entities operating in multiple industries or multiple
segments of a single industry, it is highly unlikely that we will have the
resources to diversify our operations or benefit from spreading risks or
offsetting losses. Our probable lack of diversification could subject us to
numerous economic, competitive and regulatory developments, any or all of which
may have a material adverse impact upon the particular industry in which we may
operate subsequent to consummation of a Business Combination. The prospects for
our success may become dependent upon the development or market acceptance of a
single or limited number of products, processes or services. Accordingly, there
can be no assurance that the Target Business will prove to be commercially
viable.
 
 Limited
Ability to Evaluate Target Business’ Management
 
 While our
ability to successfully effect a Business Combination will be dependent upon
certain key personnel, the future role of such personnel in the Target Business
cannot presently be stated with any certainty. There can be no assurance that
our sole officer and director will remain associated in any operational capacity
with us following a Business Combination. Moreover, there can be no assurances
that our sole officer and director will have any experience or knowledge
relating to the operations of the particular Target
Business.  Furthermore, although we intend to scrutinize the
management team of a prospective Target Business in connection with evaluating
the desirability of effecting a Business Combination with such Target Business,
there can be no assurances that our assessment of such management team will
prove to be correct, especially since our sole officer and director is not a
professional business analyst. See “Directors, Executive Officers, Promoters and
Control Persons”.
 
 Accordingly,
we will be completely dependent on the ability of the management team of the
Target Business who are unidentifiable as of the date hereof. In addition, there
can be no assurances that such future management team will have the necessary
skills, qualifications or abilities to manage a public company. We may also seek
to recruit additional managers to supplement the incumbent management team of
the Target Business. There can be no assurances that we will have the ability to
recruit such additional managers, or that such additional managers will have the
requisite skill, knowledge or experience necessary or desirable to enhance the
incumbent management team.
 
 -5-
 Opportunity
for Shareholder Evaluation or Approval of Business Combinations
 
 Our
non-affiliate shareholders, if any, will, in all likelihood, not receive nor
otherwise have the opportunity to evaluate any financial or other information
which will be made available to us in connection with selecting a potential
Business Combination until after we have entered into an agreement to effectuate
a Business Combination. Such agreement to effectuate a Business Combination,
however, will be subject to shareholder approval pursuant to applicable law. As
a result, our non-affiliate shareholders, if any, will be almost entirely
dependent on the judgment and experience of our sole officer and director and
his advisors in connection with the selection and ultimate consummation of a
Business Combination. In addition, under Florida law, the form of Business
Combination could have an impact upon the availability of dissenters' rights
(i.e., the right to
receive fair payment with respect to our Common Stock) to shareholders
disapproving the proposed Business Combination. See “Description of Business –
‘Shell Corporation’” “- Conflicts of Interest” and “Certain Relationships and
Related Transactions”.
 
 Selection
of a Target Business and Structuring of a Business Combination
 
 We
anticipate that the selection of a Target Business will be complex and risky
because of competition for such business opportunities among all segments of the
financial community. The nature of our search for the acquisition of a Target
Business will require maximum flexibility inasmuch as we will be required to
consider various factors and circumstances which may preclude meaningful direct
comparison among the various business enterprises to be investigated by
us.  Investors should recognize that the possible lack of
diversification among our acquisitions may not permit us to offset potential
losses from one venture against profits from another. We have virtually
unrestricted flexibility in identifying and selecting a prospective Target
Business. In addition, in evaluating a prospective Target Business, our sole
officer and director will consider, among other factors, the following factors
which are not listed in any particular order:
 
 ·
              financial
      condition and results of operations of the Target
  Business;
 
 ·
              growth
      potential and projected financial performance of the Target Business and
      the industry in which it operates;
 
 ·
              experience
      and skill of management and the availability of additional personnel of
      the Target Business;
 
 ·
              capital
      requirements of the Target
Business;
 
 ·
              the
      availability of a transaction exemption from the registration requirements
      of the Securities Act for any potential Business
    Combination;
 
 ·
              the
      location of the Target Business;
 
 ·
              competitive
      position of the Target Business;
 
 ·
              stage
      of development or lifecycle of the products, processes or services of the
      Target Business, if any;
 
 ·
              degree
      of current or potential market acceptance of the products, processes or
      services of the Target Business, if
any;
 
 ·
              proprietary
      features, intellectual property rights and trade secrets of the Target
      Business, if any;
 
 ·
              regulatory
      environment of the industry in which the Target Business
      operates;
 
 ·
              costs
      associated with effecting the Business Combination;
  and
 
 ·
              equity
      interest, and possible management participation, in the Target
      Business.
 The
foregoing criteria are not intended to be exhaustive. Any evaluation relating to
the merits of a particular Business Combination will be based, to the extent
relevant, on the above factors as well as other objective and subjective
criteria deemed relevant by us in connection with effecting a Business
Combination consistent with our business objective. In many instances, it is
anticipated that the historical operations of a Target Business may not
necessarily be indicative of the potential for such Target Business' future
prospects.
 -6-
 We will
be dependent upon the owners of a Target Business to identify any such problems
which may exist and to implement, or be primarily responsible for the
implementation of, necessary changes. Because we may engage in a Business
Combination with a newly organized firm or with a firm which is entering a new
phase of growth, we will incur further risks, because in many instances,
management of the Target Business will not have proven its abilities or
effectiveness, the eventual market for the products or services of the Target
Business will likely not be established, and the Target Business may not be
profitable subsequent to a Business Combination.
 
 Our
limited funds and the lack of full-time management will likely make it
impracticable to conduct a complete and exhaustive investigation and analysis of
a Target Business before we commit capital or other resources. Management
decisions, therefore, will likely be made without detailed feasibility studies,
independent analysis, market surveys and the like which, if we had more funds
available to us, would be desirable. We will be particularly dependent in making
decisions upon information provided by the promoters, owners, sponsors, or
others associated with the business opportunity seeking our
participation.
 
 In
connection with our evaluation of a prospective Target Business, our sole
officer and director anticipates that it will conduct a due diligence review
which will encompass, among other things, meetings with incumbent management and
inspection of facilities, as well as review of financial or other information
which will be made available to us. The time and costs required to select and
evaluate a Target Business, including conducting a due diligence review,
negotiating relevant agreements and preparing requisite documents for filing
pursuant to applicable Federal securities laws, state blue sky laws, foreign
securities laws, if any, and corporation laws cannot presently be ascertained
with any degree of certainty.
 
 Our sole
officer and director intends to devote not more than five hours per week of her
time to our operations, and, accordingly, consummation of a Business Combination
may require a greater period of time than if she devoted her full time to our
affairs.  However, our sole officer and director will devote such time
as she deems reasonably necessary, to carry out the business and affairs of the
Company, including the evaluation of potential Target Businesses and the
negotiation of a Business Combination and, as a result, the amount of time
devoted to our business and affairs may vary significantly depending upon, among
other things, whether we have identified a Target Business or are engaged in
active negotiations of a Business Combination.  Any costs incurred in
connection with the identification and evaluation of a prospective Target
Business with which a Business Combination is not ultimately consummated will
result in a loss to the Company and reduce the amount of capital available to
otherwise complete a Business Combination or for the resulting entity to
utilize. In the event we deplete our cash reserves, we might be forced to cease
operations and a Business Combination might not occur.
 
 We
anticipate that we will locate and make contact with Target Businesses primarily
through the reputation and efforts of our sole officer and director and
representatives, who intend to meet personally with existing management and key
personnel, visit and inspect material facilities, assets, products and services
belonging to such prospects, or undertake such reasonable investigation as they
deem appropriate. Our sole officer and director and our representatives have a
network of business contacts and believe that prospective Target Businesses will
be referred to us through this network of contacts.
 
 We also
expect that many prospective Target Businesses will be brought to our sole
officer and director's attention from various other non-affiliated sources,
including securities broker-dealers, investment bankers, venture capitalists,
bankers, and other members of the financial community.  We have
neither the present intention, nor does the present potential exist for us, to
consummate a Business Combination with a Target Business in which our sole
officer and director or her affiliates or associates, directly or indirectly,
have a pecuniary interest, although no existing corporate policies would prevent
this from occurring. Although there are no current plans to do so, we may engage
the services of professional firms that specialize in finding business
acquisitions and pay a finder’s fee or other compensation. Since we have no
current plans to utilize any outside consultants or advisors to assist in a
Business Combination, no policies have been adopted regarding use of such
consultants or advisors, the criteria to be used in selecting such consultants
or advisors, the services to be provided, the term of service, or regarding the
total amount of fees that may be paid. However, because of our limited
resources, it is likely that any such fee we agree to pay would be paid in cash
and/or shares of our Common Stock.
 
 As a
general rule, Federal and state tax laws and regulations have a significant
impact upon the structuring of business combinations. We will evaluate the
possible tax consequences of any prospective Business Combination and will
endeavor to structure a Business Combination so as to achieve the most favorable
tax treatment for us, the Target Business and the respective
stockholders.  There can be no assurance that the Internal Revenue
Service or relevant state tax authorities will ultimately assent to our proposed
tax treatment of a particular Business Combination.
 
 -7-
 To the
extent the Internal Revenue Service or any relevant state tax authorities
ultimately prevail in recharacterizing the tax treatment of a Business
Combination, there may be adverse tax consequences to us, the Target Business
and the respective stockholders.  Tax considerations, as well as other
relevant factors, will be evaluated in determining the precise structure of a
particular Business Combination, which could be effected through various forms
of a merger, consolidation or stock or asset acquisition.
 
 Although
we have no commitments as of the date of this Report to issue any shares of
Common Stock, preferred stock, options or warrants or other equity
consideration, we will, in all likelihood, issue a substantial number of
additional securities in connection with the consummation of a Business
Combination. To the extent that such additional securities are issued, dilution
to the interests of our sole shareholder will inevitably occur. Additionally, if
a substantial number of shares of Common Stock are issued in connection with the
consummation of a Business Combination, a change in our control will occur which
will also likely affect, among other things, our ability to utilize net
operating loss carry forwards, if any.
 
 Any such
change in control will likely result in the resignation or removal of our sole
officer and director. If there is a change in the person serving as sole officer
and director, no assurance can be given as to the experience or qualifications
of our new management. Our sole officer and director considers it likely that in
order to consummate a Business Combination, a change in control will ultimately
occur; therefore, she anticipates offering not less than a controlling interest
to a Target Business in order to effectuate a Business Combination.
 
 Our sole
officer and director may actively negotiate for or otherwise consent to the
disposition of any portion of the sole shareholder’s Common Stock as a condition
to or in connection with a Business Combination. Therefore, it is possible that
the terms of any Business Combination will provide for the sale of all or any
portion of the shares of Common Stock owned beneficially by our sole officer and
director, if any.  It is likely that none of our other shareholders,
if any, will be afforded the right to sell their shares of Common Stock in
connection with a Business Combination pursuant to the same terms that our
controlling shareholder owning the majority of all of our outstanding shares of
Common Stock will be provided.
 
 There are
currently no limitations relating to our ability to borrow funds to increase the
amount of capital available to us to effect a Business Combination or otherwise
finance the operations of the Target Business. However, our limited resources
and lack of operating history could make it difficult for us to borrow funds
from other sources. The amount and nature of any borrowings by us will depend on
numerous considerations, including our capital requirements, potential lenders'
evaluation of our ability to meet debt service on borrowings and the then
prevailing conditions in the financial markets, as well as general economic
conditions. We do not have any arrangements with any bank or financial
institution to secure additional financing and there can be no assurance that
such arrangements, if required or otherwise sought, would be available on terms
commercially acceptable or otherwise in our best interests. Our inability to
borrow funds required to effect or facilitate a Business Combination, or to
provide funds for an additional infusion of capital into a Target Business, may
have a material adverse effect on our financial condition and future prospects,
including the ability to effect a Business Combination. To the extent that debt
financing ultimately proves to be available, any borrowings may subject us to
various risks traditionally associated with indebtedness, including the risks of
interest rate fluctuations and insufficiency of cash flow to pay principal and
interest. Furthermore, a Target Business may have already incurred liabilities
in connection with a debt financing and, therefore, all the risks inherent
thereto.
 
 If our
securities are issued as part of an acquisition, such securities are required to
be issued either in reliance upon an exemption from registration under
applicable Federal or state securities laws or registered for public
distribution. We intend to primarily target only those companies where an
exemption from registration would be available; however, since the structure of
the Business Combination has yet to be determined, no assurances can be made
that we will be able to rely on such exemptions. Registration of securities
typically requires significant costs and time delays are typically
encountered.  In addition, the issuance of additional securities and
their potential sale in any trading market which might develop in our Common
Stock, of which there is presently no trading market and no assurances can be
given that one will develop, could depress the price of our Common Stock in any
market which may develop in our Common Stock. Further, such issuance of
additional securities would result in a decrease in the percentage ownership of
our sole shareholder.
 
 Due to
our small size and limited amount of capital, our ability to raise additional
capital, if and when needed, could be constrained. Until such time as any
enterprise, product or service which we acquire generates revenues sufficient to
cover operating costs, it is conceivable that we could find ourselves in a
situation where we need additional funds in order to continue our operations.
This need could arise at a time when we are unable to borrow funds and when
market acceptance for the sale of additional shares of our Common Stock does not
exist. See “Management’s Discussion and Analysis or Plan of
Operation”.
 
 -8-
 Conflicts
of Interest
 
 Our sole
officer and director is not required to commit her full time to our affairs and,
accordingly, such person may have a conflict of interest in allocating
management time among various business activities. Our sole officer and director
may engage in other business activities similar and dissimilar to those we are
engaged in with any limitations or restrictions applicable to such activities.
To the extent that such person engages in such other activities, she will have
possible conflicts of interest in diverting opportunities to other companies,
entities or persons with which she is or may be associated or have an interest,
rather than diverting such opportunities to us. As no policy has been
established for the resolution of such a conflict, we could be adversely
affected should our sole officer and director choose to place her other business
interests before ours. No assurance can be given that such potential conflicts
of interest will not cause us to lose potential opportunities. Our sole officer
and director may become aware of investment and business opportunities which may
be appropriate for presentation to us as well as the other entities with which
she is affiliated. Our sole officer and director may have conflicts of interest
in determining which entity a particular business opportunity should be
presented. Accordingly, as a result of multiple business affiliations, our sole
officer and director may have similar legal obligations relating to presenting
certain business opportunities to multiple entities. In addition, conflicts of
interest may arise in connection with evaluations of a particular business
opportunity by the board of directors with respect to the foregoing criteria.
There can be no assurances that any of the foregoing conflicts will be resolved
in our favor. We may also consider Business Combinations with entities owned or
controlled by the person described above. There can be no assurances that any of
the foregoing conflicts will be resolved in our favor.
 
 Our sole
officer and director may actively negotiate for or otherwise consent to the
disposition of all or any portion of the shares of Common Stock held by the sole
shareholder, as a condition to, or in connection, with a Business Combination.
Therefore, it is possible that the terms of any Business Combination will
provide for the sale of all or a portion of the shares of Common Stock held by
such shareholder. In the event that such a sale occurs, the Company's sole
officer and director intends to approve the Business Combination pursuant to
Section 607.0902(2)(d)(7) of the Florida Business Corporation Act, which will
have the effect of removing the transaction from the purview of the
control-share acquisition statute promulgated under Section 607.0902 of the
Florida Business Corporation Act. Thus, it is likely that no other shareholders,
if any, will be afforded the right to sell shares of Common Stock in connection
with a Business Combination pursuant to the same terms that our sole shareholder
will be provided. Also, such other shareholders, if any, will not be afforded an
opportunity to approve or consent to the purchase of all or any portion of the
shares of Common Stock being sold by our sole shareholder. See “Description of
Business – ‘Shell Corporation’” and “- Selection of a Target Business and
Structuring of a Business Combination”.
 
 We may
participate in a Business Combination by purchasing, trading or selling the
securities of such Target Business. We do not, however, intend to engage
primarily in such activities.
 
 Any
securities which we might acquire in exchange for our Common Stock will be
“restricted securities” within the meaning of the Securities Act.  If
we elect to resell such securities, such sale cannot proceed unless a
registration statement has been declared effective by the SEC or an exemption
from registration is available under the Securities Act. Section 4(1) of the
Securities Act, which exempts sales of securities not involving a public
distribution by persons other than an issuer, underwriter or dealer, would in
all likelihood be available to permit a private sale. Although our plan of
operation does not contemplate the resale of an acquired Target Business'
securities, if such a sale were to be necessary, we would be required to comply
with the provisions of the Securities Act to effect such resale.
 
 Investment
Company Act and Other Regulation
 
 Specifically,
we intend to conduct our activities so as to avoid being classified as an
“investment company” under the Investment Company Act of 1940, as amended (the
"Investment Act"), and, therefore, to avoid application of the costly and
restrictive registration and other provisions of the Investment Act, and the
regulations promulgated thereunder.
 
 Our plan
of business may involve changes in our capital structure, corporate structure,
management team, the board of directors, voting control by our sole shareholder
and business prospects and plans, especially if we consummate a Business
Combination, as discussed above. Each of these areas is regulated by the
Investment Act, in order to protect purchasers of investment company securities.
Since we will not register as an investment company, shareholders will not be
afforded these protections.
 
 -9-
 Any
Business Combination that we consummate may be in an industry which is regulated
or licensed by Federal, state or local authorities. Compliance with such
regulations can be expected to be a time consuming and expensive
process.
 
 Penny
Stock Regulations - State Blue Sky restrictions - Restrictions on
Marketability
 
 The SEC
has adopted regulations which generally define a “penny stock” to be any equity
security that has a market price of less than $5.00 per share or an exercise
price of less than $5.00 per share, subject to certain exceptions. Our
securities may be covered by the penny stock rules, which impose additional
sales practice requirements on broker-dealers who sell such securities to
persons other than established customers and accredited investors, which are,
generally, institutions with assets in excess of $5,000,000 or individuals with
net worth in excess of $1,000,000 or annual income exceeding $200,000 or
$300,000 jointly with their spouse. For transactions covered by this rule, the
broker-dealers must make a special suitability determination for the purchase
and receive the purchaser's written agreement of the transaction prior to the
sale. Consequently, the rule may affect the ability of broker-dealers to sell
our securities and also may affect the ability of any shareholder to sell shares
of Common Stock in the secondary market.
 
 In
addition, the SEC has adopted a number of rules to regulate penny
stocks.  Such rules include Rules 3a51-1, 15g-1, 15g-2, 15g-3, 15g-4,
15g-5, 15g-6, and 15g-9 under the Exchange Act.  Because our
securities may from time to time, and at the present time, constitute penny
stocks within the meaning of these rules, the rules would apply to us and our
securities. These rules may further affect the ability of our sole shareholder
and other shareholders, if any, to sell their shares in any public market which
might develop.
 
 Shareholders
should be aware that, according to SEC Release No. 34-29093, the market for
penny stocks has suffered in recent years from patterns of fraud and abuse. Such
patterns include the following:
 
 ·
              control
      of the market for the security by one or a few broker-dealers that are
      often related to the promoter or
issuer;
 
 ·
              manipulation
      of prices through prearranged matching of purchases and sales and false
      and misleading press releases;
 
 ·
              “boiler
      room” practices involving high-pressure sales tactics and unrealistic
      price projections by inexperienced sales
  persons;
 
 ·
              excessive
      and undisclosed bid-ask differentials and markups by selling
      broker-dealers; and
 
 ·
              the
      wholesale dumping of the same securities by promoters and broker-dealers
      after prices have been manipulated to a desired level, along with the
      resulting inevitable collapse of those prices and with consequent investor
      losses.
 
 We are
aware of the abuses that have occurred historically in the penny stock market.
Although we do not expect to be in a position to dictate the behavior of the
market or of broker-dealers who participate in the market, our sole officer and
director will strive within the confines of practical limitations and applicable
laws and regulations to prevent the described patterns from being established
with respect to our securities.
 
 Competition
 
 We expect
to encounter intense competition from other entities having a business objective
similar to ours. Many of these entities are well-established and have extensive
experience in connection with identifying and effecting business combinations
directly or through affiliates. Many of these competitors possess greater
financial, marketing, technical, personnel and other resources than us, and
there can be no assurances that we will have the ability to compete
successfully. Our financial resources will be extremely limited in comparison to
those of many of our competitors. This inherent competitive limitation could
compel us to select certain less attractive Target Businesses for a Business
Combination. There can be no assurances that such Target Businesses will permit
us to meet our stated business objective. Our sole officer and director
believes, however, that our status as a reporting public entity could give us a
competitive advantage over privately held entities having a similar business
objective to ours in acquiring a Target Business with significant growth
potential on favorable terms.
 
 -10-
 Uncertainty
of Competitive Environment of Target Business
 
 In the
event that we succeed in effecting a Business Combination, we will, in all
likelihood, become subject to intense competition from competitors of the Target
Business. In particular, certain industries which experience rapid growth
frequently attract an increasingly larger number of competitors, including
competitors with increasingly greater financial, marketing, technical and other
resources than the initial competitors in the industry. The degree of
competition characterizing the industry of any prospective Target Business
cannot presently be ascertained. There can be no assurances that, subsequent to
a Business Combination, we will have the resources to compete effectively,
especially to the extent that the Target Business is in a high-growth
industry.
 
 Federal
Securities Laws Compliance
 
 Under the
federal securities laws, companies reporting under the Exchange Act must furnish
shareholders certain information about significant acquisitions, which
information may require audited financial statements for a Target Business with
respect to one or more fiscal years, depending upon the relative size of the
acquisition. Consequently, our policy is to only effect a Business Combination
with a Target Business that has available the requisite audited financial
statements. See “Description of Securities-General”.
 
 Employees
 
 As of
April 15, 2010, we were in the development stage and currently have no
employees, other than our sole officer and director.  Our sole officer
and director serves on a part-time basis. We expect to use consultants,
attorneys and accountants as necessary, and do not anticipate a need to engage
any other employees, so long as we our seeking and evaluating Target Businesses.
The need for employees and their availability will be addressed in connection
with the decision whether or not to acquire a Target Business, or participate in
a specific Business Combination.
 
 Item
1A.  RiskFactors.
 
 Not
applicable.
 
 Item
1B.  Unresolved Staff Comments.
 
 None.
 
 Item
2.  Properties.
 
 Our
principal executive office is located at 25009 75th
Avenue E, Myaaka City, Florida 34251.  We believe these facilities are
adequate to serve our needs until such time as a Business Combination occurs. We
occupy this space rent-free. We expect to be able to utilize these facilities,
rent-free, until such time as a Business Combination occurs.
 
 Item
3.  Legal Proceedings.
 
 We are
not a party to any legal proceedings, nor are we aware of any threatened
litigation whatsoever.
 
 Item
4.  Submission of Matters to a Vote of Security Holders.
 
 Except
for the election of Christine Watts as the Company’s sole officer and director
until such time as her successor is duly elected and qualified, there were no
matters submitted to a vote of security holders during the fourth quarter ended
December 31, 2009.
 -11-
 
 PARTII
 
 Item
5.  Market for Registrant’s Common Equity, Related Stockholder Matters
and Issuer Purchases of Equity Securities.
 
 Market
Information
 
 Our
common stock has not been approved for quotation or trading and, accordingly, a
public trading market for our shares of common stock has not yet commenced and
no shares of our common stock have been traded.  There can be no
assurance that such a public trading market will develop, or, if such a trading
market is developed, that it can be maintained with liquidity.  On
April 15, 2010, there was one (1) registered holder of our common
stock.
 
 Dividends
 
 We have
not paid any dividends on our common stock, and it is not anticipated that any
dividends will be paid in the foreseeable future. The declaration and payment of
dividends in the future will be determined by the Board of Directors in light of
conditions then existing, including our earnings, financial condition, capital
requirements and other factors.
 
 Recent
Sales of Unregistered Securities
 
 The
following is a summary of the sales of securities issued by us from July 5,
2006, which is our inception, through April 15, 2010 involving securities that
were not registered under the Securities Act.  Each offer and sale of
securities was made in reliance on Section 4(2) of the Securities Act, or
Regulation D promulgated under Section 4(2) of the Securities Act, as
transactions by an issuer not involving any public offering.  Each
purchaser was an “accredited investor”, as that term is defined in Rule 501
promulgated under the Securities Act of 1933, as amended.  Each
purchaser was provided access to all material information which it requested,
and all information necessary to verify such information and was afforded access
to our management in connection with this purchase. Each holder of the
unregistered securities acquired such securities for investment and not with a
view toward distribution, acknowledging such intent to us.  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 under the Securities Act,
in any further resale or disposition.
 
 Founder Share
Issuance
 
 On July
5, 2006, the date of our inception, we issued 5,000,000 shares of our restricted
common stock to Ellen Talles for $5,000, or $0.001 per share.  The
investor represented her intention to acquire the shares of common stock for
investment only and not with a view to sell the shares in connection with any
distribution thereof, and an appropriate restrictive legend was affixed to the
stock certificate represented such shares.
 
 Warrant
Issuance
 
 On August
14, 2007, the Company issued warrants to purchase 262,800 shares of its common
stock to Law Offices of Michael H. Hoffman, P.A., a legal consultant to the
Company, in exchange for services and reimbursement of expenses in the amount of
$10,187 pursuant to a Warrant Agreement.  The investor represented its
intention to acquire the shares for investment only and not with a view to sell
the shares in connection with any distribution thereof, and an appropriate
restrictive legend was affixed to the stock certificate represented such
shares.  On October 29, 2009, the Warrant Agreement was cancelled by
mutual agreement of the Company and such holder, and, accordingly, the warrants
relating thereto were cancelled.
 
 Item
6.  Selected Financial Data.
 
 The
following financial data has been derived from and should be read in conjunction
with (i) our audited financial statements for the year ended December 31,
2009, the period ended December 31, 2008, and for the period July 5, 2006 (our
inception) to December 31, 2009, together with the notes to these financial
statements; (ii) and the sections of this report entitled “Business” and
“Management’s Discussion and Analysis of Financial Condition and Results of
Operations”, included elsewhere herein or filed with the SEC.  Our
historical results are not necessarily indicative of the results we may achieve
in any future period.
 -12-
 Statement
      of Operations Data:
              
              Year
      Ended
                December
      31, 2009
              Year
      Ended
                December
      31, 2008
              Cumulative
                from
                July
      5, 2006
                (inception)
      to
                December
      31, 2009Revenue:
              
              $
              -
              -
              -Expenses:Selling,
      general and administrative
              
              
              11,542
              24,596
              55,865Total
      expenses
              
              
              11,542
              24,596
              55,865Net
      (loss)
              
              $
              (11,542)
              (24,596)
              (55,865)Basic
      and diluted net (loss) per share
              
              $
              -
              -Weighted
      average number of common shares outstanding
              
              
              5,000,000
              5,000,000
 
 Balance
      Sheet Data:
              
              As
      of December
      31, 2009
              
              
              As
      of
                December
      31, 2008Cash
      and cash equivalents
              
              $
              229
              
              
              $
              454Working
      capital
              
              
              (9,917
              )
              
              
              (11,375
              )Total
      assets
              
              
              -
              
              
              
              -Total
      long-term liabilities
              
              
              -
              
              
              
              -Total
      liabilities
              
              
              10,146
              
              
              
              11,829Total
      shareholders’ (deficit)
              
              
              (9,917
              )
              
              
              (11,375
              )
  Item
7.  Management’s Discussion and Analysisof FinancialCondition and Results of Operations
 
 The
following discussion should be read in conjunction with (i) our financial
statements for the years ended December 31, 2009 and December 31, 2008 and for
the period from July 5, 2006, our inception, through December 31, 2009, together
with the notes to these financial statements; and (ii) the section entitled
“Business” that appears elsewhere in this report.  The following
discussion contains forward-looking statements that reflect our plans, estimates
and beliefs. Our actual results could differ materially from those discussed in
the forward looking statements. Factors that could cause or contribute to such
differences include, but are not limited to, those discussed below and elsewhere
in this report. You should not place undue certainty on these forward-looking
statements, which apply only as of the date of this report.  Our
financial statements are stated in United States Dollars and are prepared in
accordance with United States Generally Accepted Accounting
Principles.
  Overview
 
 Sadhana
Equity Investment, Inc., a Florida corporation, is a development stage company
conducting no business operations, other than our efforts to effect a business
combination with a Target Business that desires to utilize our status as a
reporting corporation under the Exchange Act., which we consider to have
significant growth potential.  To date, we have neither engaged in any
operations nor generated any revenue.  We have generated no cash
flow.  We cannot predict to what extent our liquidity and capital
resources will be diminished prior to the consummation of a business combination
or whether our capital will be further depleted by the operating losses, if any,
of the Target Business with which we may effectuate a business combination. The
continuation of our business is dependent upon our ability to obtain adequate
financing arrangements, effectuate a business combination and ultimately, engage
in future profitable operations.
 -13-
  Presently,
we are not in a position to meet our cash requirements for the next 12
months.  We neither generate any cash revenue nor cash
flow.  Our operating costs, which include professional fees and costs
are likely to approximate $20,000 during the next 12 months.  In the
event we cannot meet our operating costs prior to the effectuation of a business
combination, we may cease operations and a business combination may not
occur.
 
 Prior to
the occurrence of a business combination, we may be required to raise capital
through the sale or issuance of additional securities or obtain borrowings or
advances from third party sources in order to ensure that we can pay our
operating expenses.  It is also possible that a business combination
might not occur during the next 12 months, if at all.  In the event we
are unable to pay our operating expenses prior to the effectuation of a business
combination, we may cease operations and a business combination may not
occur.
 
 Going Concern
 
 Our
financial statements have been prepared on the basis of accounting principles
applicable to a going concern. As a result, they do not include adjustments that
would be necessary if we were unable to continue as a going concern and would
therefore be obligated to realize assets and discharge our liabilities other
than in the normal course of operations.  As reflected in the
accompanying financial statements, the Company is in the development stage with
no operations or revenues, has used cash in operating activities of $39,014 from
inception of July 5, 2006 to December 31, 2009 and has an accumulated deficit of
$(55,865) through December 31, 2009. This raises substantial doubt about our
ability to continue as a going concern, as expressed by our auditors in its
opinion on our financial statements included in this report. The ability of the
Company to continue as a going concern is dependent on the Company’s ability to
raise additional capital and implement its business plan.
 
 We have
not yet established any source of revenues sufficient to cover our operating
costs and allow us to continue as a going concern.  Our ability to continue
as a going concern is dependent on us obtaining adequate capital or loans to
fund operating losses until we become profitable.  If we are unable to
obtain adequate capital or loans, we could be forced to cease operations. 
There can be no assurance that we will operate at a profit or additional debt or
equity financing will be available, or if available, can be obtained on
satisfactory terms.
 
 Results
of Operations
 
 We are a
development stage company and have incurred losses for the period from July 5,
2006, our inception, through December 31, 2009 in the amount of $(55,865), which
are due to ongoing general and administrative expenses and not having generated
any revenues.
 
 Results
for the Years Ended December 31, 2009 and December 31, 2008
 
 Revenues. The Company’s
revenues for the years ended December 31, 2009 and December 31, 2008 were
$0.  No revenues occurred during these periods, because no there were
no sales.
  Cost of
revenues.The Company’s cost of revenues for the years ended
December 31, 2009 and December 31, 2008 were $0.  There was not cost
of revenues, because no sales were made by the Company.
  Gross profit/loss. The
Company’s gross profit/loss for the years ended December 31, 2009 and December
31, 2008 was $0.  No gross profit/loss occurred during these periods,
because no there were no sales.
 
 General and administrative
expenses. General and administrative expenses for the year ended December
31, 2009 were $11,542 as compared to $24,596 for the year ended December 31,
2008.  General and administrative expenses consist primarily of
professional service fees paid to our law firm, accounting firm and financial
printer handling our SEC filings.
  -14-
 Net loss. Net loss for the
year ended December 31, 2009 was $(11,542) as compared to $(24,596) for the year
ended December 31, 2008.  The net loss was due to the expenses
associated with being a reporting company under the Exchange Act and generating
no revenues since our inception.
 
 Impact
of Inflation
  We
believe that the rate of inflation has had negligible effect on our
operations.  We believe we can absorb most, if not all, increased
non-controlled operating costs by increasing sales prices, whenever deemed
necessary and by operating our Company in the most efficient manner
possible.
 
 Liquidity
and Capital Resources
 
 The
following table sets forth our liquidity and capital resources as of December
31, 2009:
 Cash
      and cash equivalents
              
              $
              229Working
      capital
              
              
              (9,917)Total
      assets
              
              
              -Total
      liabilities
              
              
              10,146Total
      shareholders’ deficiency
              
              
              (9,917)
 
 During
the period July 5, 2006, our inception, through December 31, 2009, we had an
accumulated deficit of ($55,865), which was due to spending relating to our
general and administrative expenses and not having generated any
revenues.
 
 Cash
Flows from Operating Activities
 
 We have
not generated positive cash flows from operating activities since our inception
on June 16, 2008.  Operating expenditures during the period covered by
this report include general and administrative costs.  The reason for the
cash used in operating activities was due to the professional fees and costs
associated with the Company’s SEC filings and associated costs of being a public
company.  We have used cash in operating activities in the amount of
$39,014 for the period the period July 5, 2006, our inception, through December
31, 2009.
 
 Cash
Flows from Investing Activities
 
 We have
not made any investments for the period July 5, 2006, our inception, through
December 31, 2009.
 
 Cash
Flows from Financing Activities
 
 We have
financed our operations from the issuance of equity securities and
loans.  Net cash provided by financing activities for the year ended
December 31, 2009 was $16,466, as compared to $17,777 for the year ended
December 31, 2008.  We received shareholder loan proceeds in the
amount $13,000 for the year ended December 31, 2009, which is no longer
outstanding.  We received shareholder loan proceeds in the amount
$17,777 for the year ended December 31, 2008, which is no longer
outstanding.
 
 Intangible
Assets
 
 There
were no intangible assets during the years ended December 31, 2009 and December
31, 2008.
 
 -15-
 Material
Commitments
 
 There
were no material commitments during the year ended December 31, 2009 and the
year ended December 31, 2008.
 
 Off-Balance Sheet
Arrangements
 
 We do not
have any off-balance sheet arrangements that have or are reasonably likely to
have a current or future effect on our financial condition, changes in financial
condition, revenues or expenses, results of operations, liquidity, capital
expenditures or capital resources that are material to investors.
 
 Critical
Accounting Policies
 
 Our
financial statements and accompanying notes have been prepared in accordance
with United States generally accepted accounting principles applied on a
consistent basis. The preparation of financial statements in conformity with
U.S. generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities, the disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting periods.
 
 We
regularly evaluate the accounting policies and estimates that we use to prepare
our financial statements. In general, management's estimates are based on
historical experience, on information from third party professionals, and on
various other assumptions that are believed to be reasonable under the facts and
circumstances. Actual results could differ from those estimates made by
management.
 
 Cash
and Cash Equivalents
 
 The
Company considers all highly liquid debt instruments with original maturities of
three months or less to be cash equivalents.
 
 Earnings
Per Share
 
 The
Company computes earnings per share in accordance with the Accounting Standards
Codification (“ASC”) 260 “Earnings Per Share” which was previously Statement of
Accounting Standards No. 128, “Earnings per Share” (“SFAS No.
128”).  Under the provisions of SFAS No. 128, basic earnings per share
is computed by dividing the net income (loss) for the period by the weighted
average number of common shares outstanding during the period. Diluted earnings
per share is computed by dividing the net income (loss) for the period by the
weighted average number of common and potentially dilutive common shares
outstanding during the period.  There were no potentially dilutive
common shares outstanding during the period.
 
 Fair
Value of Financial Instruments
 
 The
Company values its financial instruments as required by SFAS No. 107, “Disclosures about Fair Value
of  Financial Instruments”. The estimated fair value amounts
have been determined by the Company, using available market information and
appropriate valuation methodologies. The estimates presented herein are not
necessarily indicative of amounts that the Company could realize in a current
market exchange.
 The
Company considers that the carrying amount of financial instruments, including
accounts payable, approximates fair value because of the short maturity of these
instruments.
 
 -16-
 Income
Taxes
 
 The
Company accounts for income taxes in accordance with Statement of Financial
Accounting Standards No. 109, “Accounting for Income Taxes.” Under the asset and
liability method of Statement 109, deferred tax assets and liabilities are
recognized for the estimated future tax consequences attributable to differences
between the financial statement carrying amounts of existing assets and
liabilities and their respective tax bases. Deferred tax assets and liabilities
are measured using enacted tax rates in effect for the year in which those
temporary differences are expected to be recovered or settled.
 
 Recent
Accounting Pronouncements
 
 FASB Accounting Standards
Codification
 
 (Accounting
Standards Update (“ASU”) 2009-01)
 
 In
June 2009, FASB approved the FASB Accounting Standards Codification (“the
Codification”) as the single source of authoritative nongovernmental GAAP. All
existing accounting standard documents, such as FASB, American Institute of
Certified Public Accountants, Emerging Issues Task Force and other related
literature, excluding guidance from the Securities and Exchange Commission
(“SEC”), have been superseded by the Codification. All other non-grandfathered,
non-SEC accounting literature not included in the Codification has become
nonauthoritative. The Codification did not change GAAP, but instead introduced a
new structure that combines all authoritative standards into a comprehensive,
topically organized online database. The Codification is effective for interim
or annual periods ending after September 15, 2009, and impacts the
Company’s financial statements as all future references to authoritative
accounting literature will be referenced in accordance with the Codification.
There have been no changes to the content of the Company’s financial statements
or disclosures as a result of implementing the Codification during the year
ended December 31, 2009.   As a result of the Company’s
implementation of the Codification during the year ended December 31, 2009,
previous references to new accounting standards and literature are no longer
applicable. In the current annual financial statements, the Company will provide
reference to both new and old guidance to assist in understanding the impacts of
recently adopted accounting literature, particularly for guidance adopted since
the beginning of the current fiscal year but prior to the
Codification.
 
 Subsequent
Events
 
 (Included
in Accounting Standards Codification (“ASC”) 855 “Subsequent Events”, previously
SFAS No. 165 “Subsequent Events”)
 
 SFAS
No. 165 established general standards of accounting for and disclosure of
events that occur after the balance sheet date, but before the financial
statements are issued or available to be issued (“subsequent events”). An entity
is required to disclose the date through which subsequent events have been
evaluated and the basis for that date. For public entities, this is the date the
financial statements are issued. SFAS No. 165 does not apply to subsequent
events or transactions that are within the scope of other GAAP and did not
result in significant changes in the subsequent events reported by the Company.
SFAS No. 165 became effective for interim or annual periods ending after
June 15, 2009 and did not impact the Company’s financial statements. The
Company evaluated for subsequent events through the issuance date of the
Company’s financial statements. No recognized or non-recognized subsequent
events were noted.
 
 Determination of the Useful
Life of Intangible Assets
 
 (Included
in ASC 350 “Intangibles – Goodwill and Other”, previously FSP SFAS No. 142-3
“Determination of the Useful Lives of Intangible Assets”)
 
 FSP SFAS
No. 142-3 amended the factors that should be considered in developing
renewal or extension assumptions used to determine the useful life of a
recognized intangible asset under previously issued goodwill and intangible
assets topics. This change was intended to improve the consistency between the
useful life of a recognized intangible asset and the period of expected cash
flows used to measure the fair value of the asset under topics related to
business combinations and other GAAP. The requirement for determining useful
lives must be applied prospectively to intangible assets acquired after the
effective date and the disclosure requirements must be applied prospectively to
all intangible assets recognized as of, and subsequent to, the effective date.
FSP SFAS No. 142-3 became effective for financial statements issued for
fiscal years beginning after December 15, 2008, and interim periods within
those fiscal years. The adoption of FSP SFAS No. 142-3 did not impact the
Company’s financial statements.
 
 -17-
 Noncontrolling
Interests
 
 (Included
in ASC 810 “Consolidation”, previously SFAS No. 160 “Noncontrolling Interests in
Consolidated Financial Statements an amendment of ARB No. 51”)
 
 SFAS
No. 160 changed the accounting and reporting for minority interests such
that they will be recharacterized as noncontrolling interests and classified as
a component of equity. SFAS No. 160 became effective for fiscal years
beginning after December 15, 2008 with early application prohibited. The
Company implemented SFAS No. 160 at the start of fiscal 2009 and no longer
records an intangible asset when the purchase price of a noncontrolling interest
exceeds the book value at the time of buyout. Any excess or shortfall for
buyouts of noncontrolling interests in mature restaurants is recognized as an
adjustment to additional paid-in capital in stockholders’ equity. Any shortfall
resulting from the early buyout of noncontrolling interests will continue to be
recognized as a benefit in partner investment expense up to the initial amount
recognized at the time of buy-in. Additionally, operating losses can be
allocated to noncontrolling interests even when such allocation results in a
deficit balance (i.e.,
book value can go negative).  The Company presents noncontrolling
interests (previously shown as minority interest) as a component of equity on
its consolidated balance sheets. Minority interest expense is no longer
separately reported as a reduction to net income on the consolidated income
statement, but is instead shown below net income under the heading “net income
attributable to noncontrolling interests.” The adoption of SFAS No. 160 did
not have any other material impact on the Company’s financial
statements.
 
 Consolidation of Variable
Interest Entities – Amended
 
 (To be
included in ASC 810 “Consolidation”, SFAS No. 167 “Amendments to FASB
Interpretation No. 46(R)”)
 
 SFAS
No. 167 amends FASB Interpretation No. 46(R) “Consolidation of
Variable Interest Entities regarding certain guidance for determining whether an
entity is a variable interest entity and modifies the methods allowed for
determining the primary beneficiary of a variable interest entity. The
amendments include: (1) the elimination of the exemption for qualifying
special purpose entities, (2) a new approach for determining who should
consolidate a variable-interest entity, and (3) changes to when it is
necessary to reassess who should consolidate a variable-interest entity. SFAS
No. 167 is effective for the first annual reporting period beginning after
November 15, 2009, with earlier adoption prohibited. The Company will adopt
SFAS No. 167 in fiscal 2010 and does not anticipate any material impact on
the Company’s financial statements.
 
 Management
does not believe that any other recently issued, but not yet effective,
accounting standards or pronouncements, if currently adopted, would have a
material effect on the Company’s financial statements.
 
 Item
7A.  Quantitative and QualitativeDisclosures about
Market Risk.
 
 We are
not subject to risks related to foreign currency exchange rate
fluctuations.
 
 Our
functional currency is the United States dollar. We do not transact our business
in other currencies. As a result, we are not subject to exposure from movements
in foreign currency exchange rates. We do not use derivative financial
instruments for speculative trading purposes.
 
 -18-
 Item
8.  Financial Statements andSupplementary
Data.
  
 LAKE
& ASSOCIATES, CPA’s LLC
 
 REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
 To the
Board of Directors of
 Sadhana
Equity Investment, Inc.
 25009
75th
Avenue E
 Myaaka
City, Florida 34251
 
 We have
audited the accompanying balance sheet of Sadhana Equity Investment, Inc. as of
December 31, 2009 and 2008, and the related  statements of operations,
shareholders’ deficit and cash flows for the years then ended and the period
from July 5, 2006 (inception) through December 31, 2009.  These
financial statements are the responsibility of the Company’s
management.  Our responsibility is to express an opinion on these
financial statements based on our audits.
 
 We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the company’s internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
 
 In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Sadhana Equity Investment, Inc. as
of December 31, 2009 and 2008, and the related  statements of
operations, shareholders’ deficit and cash flows for the years then ended and
the period from July 5, 2006 (inception) through December 31, 2009, in
conformity with accounting principles generally accepted in the United States of
America.
 
 The
accompanying  financial statements have been prepared assuming that
the Company will continue as a going concern.  As discussed in the
notes to the financial statements, the Company has been in the development stage
since its inception (July 5, 2006) and continues to incur significant
losses.  The Company’s viability is dependent upon its ability to
obtain future financing and the success of its future
operations.  These factors raise substantial doubt as to the Company’s
ability to continue as a going concern.  Management’s plans concerning
these matters are also described in the notes.  The consolidated
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.
 
 /s/Lake
& Associates, CPA’s LLC
 Lake
& Associates, CPA’s LLC
 Boca
Raton, Florida
 April 6,
2010
 
 -19-
 SADHANA
      EQUITY INVESTMENT, INC.(A
      Development Stage Company)Balance
      SheetsAs
      of December 31, 2009 and 20082009
                
                
                2008(Audited)
                
                
                (Audited)CURRENT
      ASSETSCash
      and cash equivalents
                
                $
                229
                
                
                $
                454TOTAL
      CURRENT ASSETS
                
                
                229
                
                
                
                454TOTAL
      ASSETS
                
                $
                229
                
                
                $
                454CURRENT
      LIABILITIESAccounts
      payable
                
                $
                6,663
                
                
                
                11,812Due
      to third parties
                
                
                3,483
                
                
                
                17TOTAL
      CURRENT LIABILITIES
                
                
                10,146
                
                
                
                11,829TOTAL
      LIABILITIES
                
                
                10,146
                
                
                
                11,829STOCKHOLDERS'
      (DEFICIT)Common
      stock, no par value, 100,000,000 shares authorized, 5,000,000
      sharesissued
      and outstanding as of December 31, 2009 and 2008,
    respectively
                
                
                -
                
                
                
                -Additional
      paid in capital
                
                
                45,948
                
                
                
                32,948Retained
      (deficit)
                
                
                (55,865
                )
                
                
                (44,323
                )TOTAL
      STOCKHOLDERS' (DEFICIT)
                
                
                (9,917
                )
                
                
                (11,375
                )TOTAL
      LIABILITIES AND STOCKHOLDERS' (DEFICIT)
                
                $
                229
                
                
                $
                454The
      accompanying notes are an integral part of these financial
      statements.
 
 
 -20-
 SADHANA
      EQUITY INVESTMENT, INC.(A
      Development Stage Company)Statements
      of OperationsFor
      the period from July 5, 2006 (inception) thru December 31,
      2009For
      the years ended December 31,
                
                
                Cumulative
      Amount from July 5, 2006 (inception) to December 31, 20092009
                
                
                2008(Audited)
                
                
                (Audited)
                
                
                (Audited)REVENUES
                
                $
                -
                
                
                $
                -
                
                
                $
                -OPERATING
      EXPENSESSelling,
      general, and administrative
                
                
                11,542
                
                
                
                24,596
                
                
                
                55,865TOTAL
      OPERATING EXPENSES
                
                
                11,542
                
                
                
                24,596
                
                
                
                55,865OPERATING
      (LOSS)
                
                
                (11,542
                )
                
                
                (24,596
                )
                
                
                (55,865
                )Non-business
      expenditure
                
                
                -
                
                
                
                -NET
      (LOSS) BEFORE TAXES
                
                
                (11,542
                )
                
                
                (24,596
                )
                
                
                (55,865
                )INCOME
      TAX EXPENSE
                
                
                -
                
                
                
                -
                
                
                
                -NET
      (LOSS)
                
                $
                (11,542
                )
                
                $
                (24,596
                )
                
                $
                (55,865
                )WEIGHTED
      AVERAGE COMMON SHARES OUTSTANDINGBasic
                
                
                5,000,000
                
                
                
                5,000,000
                
                
                
                5,000,000NET
      LOSS PER COMMON SHAREBasic
                
                $
                **
                
                
                $
                ****
      Less than $.01The
      accompanying notes are an integral part of these financial
      statements.
 
 
 -21-
 SADHANA
      EQUITY INVESTMENT, INC.(A
      Development Stage Company)Statement
      of Equity (Deficit)For
      the period from July 5, 2006 (inception) thru December 31,
      2009(Audited)Additional
                
                
                Retained
                
                
                TotalCommon
      Stock
                
                
                Paid-in
                
                
                Earnings
                
                
                Stockholders'Shares
                
                
                Amount
                
                
                Capital
                
                
                (Deficit)
                
                
                (Deficit)Balance
      at July 5, 2006 (inception),Founder's
      shares issued for cash(5,000,000
      shares, no par share)
                
                
                5,000,000
                
                
                $
                -
                
                
                $
                5,000
                
                
                $
                -
                
                
                $
                5,000Net
      (loss) for the period
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (9,325
                )
                
                
                (9,325
                )Balance,
      December 31, 2006
                
                
                5,000,000
                
                
                $
                -
                
                
                $
                5,000
                
                
                $
                (9,325
                )
                
                $
                (4,325
                )Common
      stock warrants issued for debt
                
                
                -
                
                
                
                -
                
                
                
                10,187
                
                
                
                -
                
                
                
                10,187Net
      (loss) for the period
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (10,402
                )
                
                
                (10,402
                )Balance,
      December 31, 2007
                
                
                5,000,000
                
                
                $
                -
                
                
                $
                15,187
                
                
                $
                (19,727
                )
                
                $
                (4,540
                )Capital
      from debt forgiveness
                
                
                -
                
                
                
                -
                
                
                
                17,761
                
                
                
                -
                
                
                
                17,761Net
      (loss) for the period
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (24,596
                )
                
                
                (24,596
                )Balance,
      December 31, 2008
                
                
                5,000,000
                
                
                $
                -
                
                
                $
                32,948
                
                
                $
                (44,323
                )
                
                $
                (11,375
                )Capital
      from debt forgiveness
                
                
                -
                
                
                
                -
                
                
                
                13,000
                
                
                
                -
                
                
                
                13,000Net
      (loss) for the period
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (11,542
                )
                
                
                (11,542
                )Balance,
      December 31, 2009
                
                
                5,000,000
                
                
                $
                -
                
                
                $
                45,948
                
                
                $
                (55,865
                )
                
                $
                (9,917
                )The
      accompanying notes are an integral part of these financial
      statements.
 
 
 -22-
 SADHANA
      EQUITY INVESTMENT, INC.(A
      Development Stage Company)Statements
      of Cash FlowsFor
      the period from July 5, 2006 (inception) thru December 31,
      2009For
      the years ended December 31,
                
                
                Cumulative
      Amount from July 5, 2006 (inception) to December 31, 20092009
                
                
                2008(Audited)
                
                
                (Audited)
                
                
                (Audited)CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      (loss)
                
                $
                (11,542
                )
                
                $
                (24,596
                )
                
                $
                (55,865
                )Adjustments
      to reconcile net loss to net cash used in operating
      activities:Accounts
      payable
                
                
                (5,149
                )
                
                
                2,293
                
                
                
                16,851NET
      CASH (USED IN) OPERATING ACTIVITIES
                
                
                (16,691
                )
                
                
                (22,303
                )
                
                
                (39,014
                )CASH
      FLOWS FROM INVESTING ACTIVITIES:NET
      CASH USED IN FINANCING ACTIVITIES
                
                
                -
                
                
                
                -
                
                
                
                -CASH
      FLOWS FROM FINANCING ACTIVITIES:Proceeds
      from shareholder loan
                
                
                13,000
                
                
                
                17,777
                
                
                
                30,777Due
      to third parties
                
                
                3,466
                
                
                
                -
                
                
                
                3,466Proceeds
      from issuance of common stock
                
                
                -
                
                
                
                -
                
                
                
                5,000NET
      CASH PROVIDED BY FINANCING ACTIVITIES
                
                
                16,466
                
                
                
                17,777
                
                
                
                39,243NET
      INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
                
                
                (225
                )
                
                
                (4,526
                )
                
                
                229CASH
      AND CASH EQUIVALENTS:Beginning
      of period
                
                
                454
                
                
                
                4,980
                
                
                
                -End
      of period
                
                $
                229
                
                
                $
                454
                
                
                $
                229SUPPLEMENTAL
      CASH FLOW INFORMATION:Common
      stock warrants as payment for accounts payable
                
                $
                -
                
                
                $
                -
                
                
                $
                10,187Interest
      paid
                
                $
                -
                
                
                $
                -
                
                
                $
                -Taxes
      paid
                
                $
                -
                
                
                $
                -
                
                
                $
                -The
      accompanying notes are an integral part of these financial
      statements.
 
 -23-
 SADHANA
EQUITY INVESTMENT, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 
 NOTES
TO FINANCIAL STATEMENTS
 DECEMBER
31, 2009
 
 NOTE-1
              BASIS
      OF PRESENTATION
  The
Company has not earned any revenue from operations.  Accordingly, the
Company’s activities have been accounted for as those of a “Development Stage
Enterprise” as set forth in Financial Accounting Standards Board Statement No. 7
(“SFAS 7”).  Among the disclosures required by SFAS 7 are that the
Company’s financial statements be identified as those of a development stage
company, and that the statements of operations, stockholders’ equity and cash
flows disclose activity since the date of the Company’s inception.
  NOTE-2
              ORGANIZATION
      AND BUSINESS BACKGROUND
  Sadhana
Equity Investment, Inc. (the “Company”), a development stage company, was
incorporated in Florida on July 5, 2006.  The Company intends to serve
as a vehicle to effect an asset acquisition, merger, exchange of capital stock
or other type of business combination with a domestic or foreign business. At
December 31, 2009, the Company had not yet commenced any formal business
operations and all activity to date has related to the Company formation,
capital stock issuance and professional fees with regard to filings with the
Securities and Exchange Commission and identification of businesses. The
Company’s fiscal year ends on December 31st.
  NOTE-3
              SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
  Basis
of Presentation
  These
accompanying condensed consolidated financial statements have been prepared in
accordance with generally accepted accounting principles in the United States of
America.
  Use
of Estimates
  The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect certain reported amounts and disclosures.
Accordingly, actual results could differ from those estimates.
  Cash
and Cash Equivalents
  The
Company considers all highly liquid debt instruments with original maturities of
three months or less to be cash equivalents.
  Earnings
Per Share
  The
Company computes earnings per share in accordance with the Accounting Standards
Codification (“ASC”) 260 “Earnings Per Share” which was previously Statement of
Accounting Standards No. 128, “Earnings per Share”  (“SFAS No.
128”).  Under the provisions of SFAS No. 128, basic earnings per share
is computed by dividing the net income (loss) for the period by the weighted
average number of common shares outstanding during the period. Diluted earnings
per share is computed by dividing the net income (loss) for the period by the
weighted average number of common and potentially dilutive common shares
outstanding during the period.  There were no potentially dilutive
common shares outstanding during the period.
 -24-
  Fair
Value of Financial Instruments
  The
Company values its financial instruments as required by SFAS No. 107, “Disclosures about Fair Value of
Financial Instruments”. The estimated fair value amounts have been
determined by the Company, using available market information and appropriate
valuation methodologies. The estimates presented herein are not necessarily
indicative of amounts that the Company could realize in a current market
exchange.
  The
Company considers that the carrying amount of financial instruments, including
accounts payable, approximates fair value because of the short maturity of these
instruments.
  Income
Taxes
  The
Company accounts for income taxes in accordance with Statement of Financial
Accounting Standards No. 109, “Accounting for Income Taxes.” Under the asset and
liability method of Statement 109, deferred tax assets and liabilities are
recognized for the estimated future tax consequences attributable to differences
between the financial statement carrying amounts of existing assets and
liabilities and their respective tax bases. Deferred tax assets and liabilities
are measured using enacted tax rates in effect for the year in which those
temporary differences are expected to be recovered or settled.
  Recent
Accounting Pronouncements
  FASB Accounting Standards
Codification
  (Accounting
Standards Update (“ASU”) 2009-01)
  In
June 2009, FASB approved the FASB Accounting Standards Codification (“the
Codification”) as the single source of authoritative nongovernmental GAAP. All
existing accounting standard documents, such as FASB, American Institute of
Certified Public Accountants, Emerging Issues Task Force and other related
literature, excluding guidance from the Securities and Exchange Commission
(“SEC”), have been superseded by the Codification. All other non-grandfathered,
non-SEC accounting literature not included in the Codification has become
nonauthoritative. The Codification did not change GAAP, but instead introduced a
new structure that combines all authoritative standards into a comprehensive,
topically organized online database. The Codification is effective for interim
or annual periods ending after September 15, 2009, and impacts the
Company’s financial statements as all future references to authoritative
accounting literature will be referenced in accordance with the Codification.
There have been no changes to the content of the Company’s financial statements
or disclosures as a result of implementing the Codification during the year
ended December 31, 2009.   As a result of the Company’s
implementation of the Codification during the year ended December 31, 2009,
previous references to new accounting standards and literature are no longer
applicable. In the current annual financial statements, the Company will provide
reference to both new and old guidance to assist in understanding the impacts of
recently adopted accounting literature, particularly for guidance adopted since
the beginning of the current fiscal year but prior to the
Codification.
  Subsequent
Events
  (Included
in Accounting Standards Codification (“ASC”) 855 “Subsequent Events”, previously
SFAS No. 165 “Subsequent Events”)
  SFAS
No. 165 established general standards of accounting for and disclosure of
events that occur after the balance sheet date, but before the financial
statements are issued or available to be issued (“subsequent events”). An entity
is required to disclose the date through which subsequent events have been
evaluated and the basis for that date. For public entities, this is the date the
financial statements are issued. SFAS No. 165 does not apply to subsequent
events or transactions that are within the scope of other GAAP and did not
result in significant changes in the subsequent events reported by the Company.
SFAS No. 165 became effective for interim or annual periods ending after
June 15, 2009 and did not impact the Company’s financial statements. The
Company evaluated for subsequent events through the issuance date of the
Company’s financial statements. No recognized or non-recognized subsequent
events were noted.
 -25-
 Determination of the Useful
Life of Intangible Assets
  (Included
in ASC 350 “Intangibles – Goodwill and Other”, previously FSP SFAS No. 142-3
“Determination of the Useful Lives of Intangible Assets”)
  FSP SFAS
No. 142-3 amended the factors that should be considered in developing
renewal or extension assumptions used to determine the useful life of a
recognized intangible asset under previously issued goodwill and intangible
assets topics. This change was intended to improve the consistency between the
useful life of a recognized intangible asset and the period of expected cash
flows used to measure the fair value of the asset under topics related to
business combinations and other GAAP. The requirement for determining useful
lives must be applied prospectively to intangible assets acquired after the
effective date and the disclosure requirements must be applied prospectively to
all intangible assets recognized as of, and subsequent to, the effective date.
FSP SFAS No. 142-3 became effective for financial statements issued for
fiscal years beginning after December 15, 2008, and interim periods within
those fiscal years. The adoption of FSP SFAS No. 142-3 did not impact the
Company’s financial statements.
  Noncontrolling
Interests
  (Included
in ASC 810 “Consolidation”, previously SFAS No. 160 “Noncontrolling Interests in
Consolidated Financial Statements an amendment of ARB No. 51”)
  SFAS
No. 160 changed the accounting and reporting for minority interests such
that they will be recharacterized as noncontrolling interests and classified as
a component of equity. SFAS No. 160 became effective for fiscal years
beginning after December 15, 2008 with early application prohibited. The
Company implemented SFAS No. 160 at the start of fiscal 2009 and no longer
records an intangible asset when the purchase price of a noncontrolling interest
exceeds the book value at the time of buyout. Any excess or shortfall for
buyouts of noncontrolling interests in mature restaurants is recognized as an
adjustment to additional paid-in capital in stockholders’ equity. Any shortfall
resulting from the early buyout of noncontrolling interests will continue to be
recognized as a benefit in partner investment expense up to the initial amount
recognized at the time of buy-in. Additionally, operating losses can be
allocated to noncontrolling interests even when such allocation results in a
deficit balance (i.e.,
book value can go negative).  The Company presents noncontrolling
interests (previously shown as minority interest) as a component of equity on
its consolidated balance sheets. Minority interest expense is no longer
separately reported as a reduction to net income on the consolidated income
statement, but is instead shown below net income under the heading “net income
attributable to noncontrolling interests.” The adoption of SFAS No. 160 did
not have any other material impact on the Company’s financial
statements.
  Consolidation of Variable
Interest Entities – Amended
  (To be
included in ASC 810 “Consolidation”, SFAS No. 167 “Amendments to FASB
Interpretation No. 46(R)”)
  SFAS
No. 167 amends FASB Interpretation No. 46(R) “Consolidation of
Variable Interest Entities regarding certain guidance for determining whether an
entity is a variable interest entity and modifies the methods allowed for
determining the primary beneficiary of a variable interest entity. The
amendments include: (1) the elimination of the exemption for qualifying
special purpose entities, (2) a new approach for determining who should
consolidate a variable-interest entity, and (3) changes to when it is
necessary to reassess who should consolidate a variable-interest entity. SFAS
No. 167 is effective for the first annual reporting period beginning after
November 15, 2009, with earlier adoption prohibited. The Company will adopt
SFAS No. 167 in fiscal 2010 and does not anticipate any material impact on
the Company’s financial statements.
  Management
does not believe that any other recently issued, but not yet effective,
accounting standards or pronouncements, if currently adopted, would have a
material effect on the Company’s financial statements.
  NOTE
–
4                      DUE
TO THIRD PARTIES
  Part of
general and administrative expenses was paid by third parties from period to
period. The amount outstanding as of December 31, 2009 was $3,483. The amount
due to third parties is not evidenced by a promissory note, but rather is an
oral agreement between the third parties and the Company. No interest was
accrued due to the immateriality.
 -26-
 NOTE
–
5                      SHAREHOLDERS’
EQUITY
  During
2009, the Company’s sole shareholder made a loan to the Company to fund its
operations; and in December, 2009, this loan was forgiven.  As of
December 31, 2009, the total balance of the loan was $13,000, which was forgiven
and was recorded as additional paid-in capital.
  NOTE
–
6                      CANCELLATION
OF WARRANTS
   On August
14, 2007, the Company issued warrants to purchase 262,800 shares of its common
stock to a consultant to the Company, Law Offices of Michael H. Hoffman, P.A.,
in exchange for services and reimbursement of expenses in the amount of $10,187
pursuant to a Warrant Agreement. On October 29, 2009, the Warrant Agreement was
cancelled by mutual agreement of the Company and the holder, and, accordingly,
the warrants relating thereto were cancelled.
  NOTE
–
7                      INCOME
TAXES
 
 Deferred
income taxes reflect the net income tax effect of temporary differences between
the carrying amounts of the assets and liabilities for financial reporting
purposes and amounts used for income taxes. The Company’s deferred income tax
assets and liabilities consist of the following:
 
 Net
      operating loss carryforward
              
              $
              55,865Deferred
      tax asset
              
              
              18,994Valuation
      allowance
              
              
              (18,994
              )Net
      Deferred tax asset
              
              $
              —
 
 Net
operating loss carryforwards totaled approximately $55,865 at December 31, 2009.
The net operating loss carryforwards will begin to expire in the year 2026 if
not utilized. After consideration of all the evidence, both positive and
negative, management has recorded a full valuation allowance at December 31,
2009 since it believes it is more likely than not that such deferred income tax
asset will not be realized.
 
 The
reconciliation of the income tax computed at the U.S. Federal statutory rate to
income tax expense for the years ended December 31, 2009 and 2008 and for the
period since inception is as follows:
 
 Cumulativesince2009
              
              
              2008
              
              
              inceptionTax
      expense (benefit) at statutory rate (34%)
              
              $
              (3,924
              )
              
              $
              (8,363
              )
              
              $
              (18,994
              )Non-deductible
      expenses
              
              
              —
              
              
              
              —
              
              
              
              —Increase
      in valuation allowance
              
              
              3,924
              
              
              
              8,363
              
              
              
              18,994Income
      tax expense (benefit)
              
              $
              —
              
              
              $
              —
              
              
              $
              —
 -27-
 NOTE
–
8                      GOING
CONCERN
  The
Company’s financial statements are prepared using generally accepted accounting
principles in the United States of America applicable to a going concern, which
contemplates the realization of assets and the satisfaction of liabilities in
the normal course of business.  The Company has not yet established an
ongoing source of revenues sufficient to cover its operating costs and allow it
to continue as a going concern.  The ability of the Company to
continue as a going concern is dependent on the Company obtaining adequate
capital to fund operating losses until it becomes profitable.  If the
Company is unable to obtain adequate capital, it could be forced to cease
operations.  The accompanying financial statements do not include any
adjustments that might be necessary if the Company is unable to continue as a
going concern.
  Management’s
Plan to Continue as a Going Concern
  The
Company has met its historical working capital requirements from the sale of its
capital shares and loans from shareholders.  In order to continue as a
going concern, the Company will need, among other things, additional capital
resources.  Management’s plans to obtain such resources for the
Company include (1) obtaining capital from management and significant
shareholders sufficient to meet its minimal operating expenses, and (2) seeking
out and completing a merger with an existing operating
company.  However, management cannot provide any assurance that the
Company will be successful in accomplishing any of its plans.
  The
ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish the plans described in the preceding
paragraph and eventually secure other sources of financing and attain profitable
operations.   There can be no assurance that such financial
support shall be ongoing or available on terms or conditions acceptable to the
Company.
  NOTE
–
9                      DEVELOPMENT
STAGE RISK
  Since its
inception, the Company has been dependent upon the receipt of capital investment
to fund its continuing activities. In addition to the normal risks associated
with a new business venture, there can be no assurance that the Company's
business plan will be successfully executed. Our ability to execute our business
plan will depend on our ability to obtain additional financing and achieve a
profitable level of operations. There can be no assurance that sufficient
financing will be obtained.  Further, we cannot give any assurance
that we will generate substantial revenues or that our business operations will
prove to be profitable.
 -28-
 Item
9.  Changes In and Disagreements with Accountantson
Accounting and Financial Disclosure.
 
 None.
 
 Item
9A.  Controls and Procedures.
 
 We
maintain disclosure controls and procedures that are designed to ensure that the
information required to be disclosed in the reports that we file under the
Securities Exchange Act of 1934 (the "Exchange Act") is recorded, processed,
summarized and reported within the time periods specified in the Securities and
Exchange Commission’s rules and forms, and that such information is accumulated
and communicated to our management, including our President and Treasurer, as
appropriate, to allow timely decisions regarding required
disclosures.  In designing and evaluating the disclosure controls and
procedures, management recognized that any controls and procedures, no matter
how well designed and operated, can only provide reasonable assurance of
achieving the desired control objectives, and in reaching a reasonable level of
assurance, management necessarily was required to apply its judgment in
evaluating the cost-benefit relationship of possible controls and
procedures.
 
 As
required by SEC Rule 13a-15(b), we carried out an evaluation, under the
supervision and with the participation of our management, including our
President and Treasurer, of the effectiveness of the design and operation of our
disclosure controls and procedures as of the end of our fourth fiscal quarter
covered by this report. Based on the foregoing, our President and Treasurer
concluded that our disclosure controls and procedures were effective at the
reasonable assurance level.
 
 There has
been no change in our internal controls over financial reporting during our
fourth fiscal quarter that has materially affected, or is reasonably likely to
materially affect, our internal controls over financial reporting.
 
 MANAGEMENT’S REPORT ON
INTERNAL CONTROL OVER FINANCIAL REPORTING
 
 Our
management of is responsible for establishing and maintaining adequate internal
control over financial reporting.  Internal control over financial
reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the
Securities Exchange Act of 1934 as a process designed by, or under the
supervision of, the Company’s principal executive and financial officer and
effected by the Company’s board of directors, management and other personnel, to
provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles and includes those policies and
procedures that:
 
 ·
              Pertain
      to the maintenance of records that in reasonable detail accurately and
      fairly reflect the transactions and dispositions of the assets of the
      Company;
 
 ·
              Provide
      reasonable assurance that transactions are recorded as necessary to permit
      preparation of financial statements in accordance with generally accepted
      accounting principles, and that receipts and expenditures of the Company
      are being made only in accordance with authorizations of management and
      directors of the Company; and
 
 ·
              Provide
      reasonable assurance regarding prevention or timely detection of
      unauthorized acquisition, use or disposition of the Company’s assets that
      could have a material effect on the financial
  statements.
 
 Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. Projections of any evaluation of effectiveness
to future periods are subject to the risk that controls may become inadequate
because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
 
 The
Company’s management assessed the effectiveness of the Company’s internal
control over financial reporting as of April 5, 2010.  In making this
assessment, the Company’s management used the criteria set forth by the
Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in
Internal Control-Integrated Framework.  The COSO framework is based
upon five integrated components of control: control environment, risk
assessment, control activities, information and communications and ongoing
monitoring.
 -29-
 Based on
the assessment performed, management has concluded that the Company’s internal
control over financial reporting, as of April 5, 2010, is effective and provides
reasonable assurance regarding the reliability of its financial reporting and
the preparation of its financial statements in accordance with generally
accepted accounting principles.  Further, management has not
identified any material weaknesses in internal control over financial reporting
as of April 5, 2010.
 
 This
annual report does not include an attestation report of the Company’s registered
independent public accounting firm regarding internal control over financial
reporting.  Management’s report was not subject to attestation by the
Company’s independent registered public accounting firm pursuant to temporary
rules of the SEC that permit the Company to provide only management’s report in
this annual report.
 
 /s/
Christine D. Watts
 President,
Secretary and Treasurer
 
 Item
9B.  OtherInformation.
 
 There
exists no information required to be disclosed by us in a report on Form 8-K
during the three-month period ended December 31, 2009, but not
reported.
 -30-
 PART III
 
 Item
10.  Directors, Executive Officers and Corporate
Governance.
 
 Our sole
director and executive officer and her age as of April 15, 2010 is as
follows:
 
 Name
              
              Age
              
              Principal Positions With
  UsChristine
      D. Watts
              
              37
              
              CEO,
      President, Secretary and Treasurer
 
 The
following describes the business experience of Christine D. Watts, including her
other directorships held in reporting companies, if any:
  Christine D.
Watts.  Since October 2009, Christine D. Watts has served as
our CEO, President, Secretary and Treasurer.  From September 2004
until June 2007, Christine D. Watts served as a staff accountant for Connecting
Canada, Inc.  From February 2001 until September 2004, Ms. Watts
served as a staff accountant and as a customer service representative for Life
Sciences, Inc.  Ms. Watts has no prior experience with a public shell
company or blank check company.
  There are
no acquisitions, business combinations, or mergers pending or which have
occurred involving the Company. Presently, we have no plans, proposals,
agreements, understandings or arrangements of any kind or nature whatsoever to
acquire or merge with any specific business or company, and we have not
identified any specific business or company for investigation and
evaluation.  Until such time as a Business Combination occurs, our
sole officer and director does not expect any change in our
management.
 
 Our Board
of Directors does not have audit, compensation or nominating committees, and no
determination has been made as to whether our sole director qualifies as an
“audit committee financial expert”, as defined in Item 407 of Regulation
S-K.
 
 Compliance
with Section 16(a) of the Act
 
 Section
16(a) of the Exchange Act requires our officers and directors, and persons who
own more than ten percent (10%) of our shares of common stock, to file reports
of ownership and changes in ownership with the SEC.   Officers,
directors and greater than ten percent (10%) stockholders are required by
regulations promulgated by the SEC to furnish us with copies of all Section
16(a) forms that they file.  With reference to transactions during the
fiscal year ended December 31, 2009, to our knowledge, based solely on review of
the copies of such reports furnished to us and written representations, all
Section 16(a) forms required to be filed with the SEC were filed.
 
 Code
of Ethics
 
 We do not
currently have a code of ethics applicable to our principal executive and
financial officers.  Prior to an acquisition, we do not believe such a
code is necessary because we are not an operating company.  Our Board
of Directors intends to consider adopting such a code in the
future.
 
 Involvement
in Certain Legal Proceedings
 
 None of
our directors, executive officers or control persons has been involved in any of
the events prescribed by Item 401(f) of Regulation S-K during the past
five years, including:
 -31-
 1.
              any
      bankruptcy petition filed by or against any business of which such person
      was a general partner or executive officer either at the time of the
      bankruptcy or within two years prior to that
  time;
 
 2.
              any
      conviction in a criminal proceeding or being subject to a pending criminal
      proceeding (excluding traffic violations and other minor
      offenses);
 
 3.
              being
      subject to any order, judgment, or decree, not subsequently reversed,
      suspended or vacated, of any court of competent jurisdiction, permanently
      or temporarily enjoining, barring, suspending or otherwise limiting his
      involvement in any type of business, securities or banking activities;
      or
 
 4.
              being
      found by a court of competent jurisdiction (in a civil action), the
      Securities and Exchange Commission or the Commodity Futures Trading
      Commission to have violated a federal or state securities or commodities
      law, and the judgment has not been reversed, suspended, or
      vacated.
 
 Item
11.   Executive Compensation.
 
 Executive
Compensation
 
 No
officer will receive any salary or other compensation in connection with being
employed by, or providing services to, us. There are no employment or consulting
agreements with our sole officer and director in any form
whatsoever.
  The
following table sets forth information concerning all cash and non-cash
compensation awarded to, earned by or paid to the following persons for services
performed for us during 2009 and 2008 in all capacities.
   Summary
Compensation Table
  Year
              
              Salary
                ($)
              
              Bonus
                ($)
              
              Stock
      Awards ($)(2)(3)
              
              Option
      Awards ($)
              
              Non-Equity
      Incentive Plan Compensation
                ($)
              
              Change
      in Pension Value and Nonqualified Deferred Compensation Earnings
      ($)
              
              All
      Other Compensation ($)
              
              Total
      ($)Name
      and Principal Position (a)
              
              (b)
              
              (c)
              
              (d)
              
              (e)
              
              (f)
              
              (g)
              
              (h)
              
              (i)
              
              (j)CEO
      Christine D. Watts(1)
              
              
              2009
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0CEO Paul Garcia
      (1)
              
              
              2009
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              02008
              
              $
              0
              
              $
              0
              
              $
              
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0
              
              $
              0(1)
              Ms.
      Watts became our Chief Executive Officer on October 29, 2009 and Mr.
      Garcia resigned on the same date.  Mr. Garcia was the only
      executive officer of the Company during the year 2008. Ms. Watts also
      serves as Chairman, Principal Financial Officer and Principal Accounting
      Officer.
 -32-
 Employment
Agreements
  We
have not entered into any employment agreements with our executive
officers.  Our decision to enter into an employment agreement, if any, will
be made by our compensation committee.
 
 Potential
Payments Upon Termination or Change in Control
 
 There
were no potential payments or benefits payable to our named executive officer
upon her termination of employment or in connection with a change in
control.
 
 Grants
of Plan-Based Awards in 2009
 
 We have
not granted any plan-based awards to our named executive officer, since our
inception.
 
 Outstanding
Equity Awards at Fiscal Year-End
 
 We did
not have any outstanding equity awards to our named executive officer, as of
December 31, 2009, our fiscal year-end.
 
 Option
Exercises and Stock Vested in 2009
 
 Our named
executive officer did not exercise any options, nor did any unvested shares of
stock vest, during fiscal year 2009.  Our named executive officer did not
have any stock options or unvested shares of stock of the Company.
 
 Equity
Incentive Plan
 
 We expect
to adopt an equity incentive plan. The purposes of the plan are to attract and
retain qualified persons upon whom our sustained progress, growth and
profitability depend, to motivate these persons to achieve long-term company
goals and to more closely align these persons' interests with those of our other
shareholders by providing them with a proprietary interest in our growth and
performance. Our executive officers, employees, consultants and non-employee
directors will be eligible to participate in the plan.  We have not
determined the amount of shares of our common stock to be reserved for issuance
under the proposed equity incentive plan.
 
 Potential
Employment Agreement and Benefits
 
 We do not
intend to enter into an employment agreement with Christine Watts, our sole
executive officer, or provide any compensation or benefits to
her.
 
 Potential
Payments Upon Termination or Change in Control
 
 As of
December 31, 2009, there were no potential payments or benefits payable to our
named executive officers upon their termination or in connection with a change
in control.
 
 Grants
of Plan-Based Awards in 2009
 
 We have
not granted any plan-based awards to our named executive officers, since our
inception.
 -33-
 Item
12.   Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters.
 
 The
following table sets forth certain information regarding beneficial ownership of
our common stock as of April 5, 2010, for:
 
 • each
person or group known to us to beneficially own 5% or more of our common
stock;
 
 • each
of our directors and director nominees;
 
 • each
of our named executive officers; and
 
 • all of
our executive officers and directors as a group.
 
 Unless
otherwise indicated below, to our knowledge, all persons listed below have sole
voting and investment power with respect to their shares of common stock, except
to the extent authority is shared by spouses under applicable law. Unless
otherwise indicated below, each entity or person listed below maintains an
address of 25009 75th
Avenue E, Myaaka City, Florida  34251.
 
 The
number of shares beneficially owned by each shareholder is determined under
rules promulgated by the SEC. The information is not necessarily indicative of
beneficial ownership for any other purpose. Under these rules, beneficial
ownership includes any shares as to which the individual or entity has sole or
shared voting or investment power and any shares as to which the individual or
entity has the right to acquire beneficial ownership within 60 days after April
15, 2010, through the exercise of any stock option, warrant or other right. The
inclusion in the following table of those shares, however, does not constitute
an admission that the named shareholder is a direct or indirect beneficial
owner.
 Beneficial
      owner
              
              Number of Shares
      Beneficially
                Owned(1)
              
              
              Percentage
      of Shares Outstanding(1)Christine
      D. Watts
              
              
              5,000,000
              
              
              
              100
              %All
      directors and executive officers as a group
              
              
              5,000,000
              
              
              
              100
              %
 _______________
 
 (1)The
      number of shares and percentage of class beneficially owned set forth
      above is determined under rules promulgated by the SEC and the information
      is not necessarily indicative of beneficial ownership for any other
      purpose. Under such rules, beneficial ownership includes any shares as to
      which the individual has sole or shared voting power or investment power
      and also any shares that the individual has the right to acquire within 60
      days through the exercise of stock options.  Unless otherwise
      indicated and pursuant to applicable community property laws, each person
      or entity named in the table has sole voting power and investment power
      with respect to all shares of common stock listed as owned by such person
      or entity.
 
 Item
13.   Certain Relationships and Related Transactions, and Director Independence.
 
 Related
Party Transactions
 
 Neither
our sole officer and director nor any promoter or affiliate have, or proposes to
have, any direct or indirect material interest in any asset proposed to be
acquired through security holdings, contracts, options, or
otherwise.
 
 It is not
currently anticipated that any salary, consulting fee, or finder’s fee shall be
paid to any of our sole officer and director, or to any other affiliate, if
any.  See “Executive Compensation”.
 -34-
 Christine
D. Watts, our majority shareholder, may actively negotiate for or otherwise
consent to the disposition of any portion of the outstanding shares of Common
Stock, as a condition to or in connection with a Business
Combination.  Therefore, it is possible that the terms of any Business
Combination will provide for the sale of some or all of the shares of Common
Stock held by the sole shareholder. However, it is probable that other
shareholders, if any, of the Company will not be afforded the right to sell all
or a portion of their shares of Common Stock, if any, in connection with a
Business Combination pursuant to the same terms that our sole shareholder will
be provided. Also, such other shareholders, if any, will not be afforded an
opportunity to approve or consent to the sale of the sole shareholder's shares
of Common Stock in connection with a Business Combination. See “Description of
Business – Shell Corporation” and “- Selection of a Target Business and
Structuring of a Business Combination”. It is more likely than not that any sale
of securities by our sole shareholder to an acquisition candidate would be at a
price substantially higher than that originally paid by such sole shareholder.
Any payment to such sole shareholder in the context of an acquisition involving
us would be determined entirely by largely unforeseeable terms of a future
agreement with an unidentified business entity. See “Business - Shell
Corporation” and “- Selection of a Target Business and Structuring of a Business
Combination”.
 
 Annual Report on
Form 10-K
 
 Copies of
our Annual Report on Form 10-K, without exhibits, can be obtained without
charge from us at Sadhana Equity Investment, Inc., 25009 75th
Avenue E, Myaaka City, Florida  34251.
 
 Item
14.   Principal Accountant Fees and
Services.
 
 The
following table sets forth fees billed to us for principal accountant fees and
services during the years ended December 31, 2009 and December 31,
2008.
 2009
              
              
              2008Audit
      Fees
              
              $
              3,000
              
              
              $
              3,000Audit-Related
      Fees
              
              
              1,500
              
              
              
              2,250Tax
      Fees
              
              
              -
              
              
              
              -All
      Other Fees
              
              
              -
              
              
              
              -Total
      Audit and Audit-Related Fees
              
              $
              4,500
              
              
              $
              5,250
 
 Item
      15.   Exhibits and Financial Statement
      Schedules.
 
 (a)
              Exhibits
 
 The
following exhibits are filed with this report on Form 10-K:
 Exhibit
      No.
              Description3
              .1
              
              Articles
      of Incorporation, as currently in effect*3
              .2
              
              Bylaws,
      as currently in effect*4
              .1
              
              Specimen
      common stock certificate*10
              .1
              
              Stock
      Purchase Agreement among Sadhana Equity Investment, Inc., U.S.A. Capital
      Management Group, Inc. and Talles Family Holdings dated March 7,
      2008**10
              .2
              
              Share
      Purchase Agreement between U.S.A. Capital Management Group, Inc. and
      Christine D. Watts dated October 29, 2009***23
              .1
              
              Consent of Lake & Associates, CPA’s LLC (filed
      herewith)31
              .1
              
              302 Certification – Christine D. Watts (filed
      herewith)32
              .1
              
              906 Certification – Christine D. Watts (filed
      herewith)
 
 *
              Previously
      filed with the SEC as exhibits on the registrant’s Form 10-SB General Form
      for Registration of Securities on August 15,
  2006
 **
              Previously
      filed with the SEC as an exhibit to the registrant’s Form 8-K on March 7,
      2008
 ***
                Previously
      filed with the SEC as an exhibit to the registrant’s Form 8-K on November
      4, 2009
  
 -35-
 
 SIGNATURES
 
 In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized, on the 15th day of April, 2010.
 
 SADHANA EQUITY INVESTMENT,
INC.
 
 
 By:           /s/
Christine D.
Watts
 Christine D. Watts
 CEO, President, Secretary and
Treasurer
 -36-
 
 Sadhana
Equity Investment, Inc.
 
 Index to
Exhibits
 23
              .1
              
              Consent of Lake & Associates, CPA’s LLC31
              .1
              
              302 Certification – Christine D. Watts32
              .1
              
              906 Certification – Christine D.
  Watts
  -37-