SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                             FORM 10-QSB
(Mark One)
[X]              ANNUAL REPORT UNDER SECTION 13 OR 15(d)
                 OF THE SECURITIES EXCHANGE ACT OF 1934

           For the quarterly period ended September 30, 2006
   OR
[  ]           TRANSITION REPORT PURSUANT TO SECTION 13 OR
               15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                  For the transition period from        to

                      Commission file number 0-31407

                             BOULDIN CORPORATION
                 (Formerly License Acqusition Corporation)
           (Exact name of registrant as specified in its charter)

              Delaware                             52-2257554
        (State or other jurisdiction of           (I.R.S. Employer
        incorporation or organization)          Identification No.)


       195 Mountain View Industrial Drive, Morrison, Tennessee 37357
           (Address of principal executive offices)  (zip code)

                             931/815-8520
          (Registrant's telephone number, including area code)

Check whether the registrant (1) filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act
during the last 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
                                                         Yes  X    No

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).
                                                         Yes  X     No

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.

         Class                        Outstanding at September 30, 2006

Common Stock, par value $0.0001                 1,000,000

Documents incorporated by reference:            None



                 PART I  -- FINANCIAL INFORMATION

                          BOULDIN CORPORATION
              (FORMERLY LICENSE ACQUISITION CORPORATION)
                     (A DEVELOPMENT STAGE COMPANY)
                             BALANCE SHEET
                       AS OF September 30, 2006
                              (Unaudited)
                      -----------------------
                                ASSETS
                                ------

Cash                                          $ 100
                                              ------
TOTAL ASSETS                                  $ 100
                                              ======



              LIABILITIES AND STOCKHOLDER'S EQUITY
              ------------------------------------


LIABILITIES                                    $  -

STOCKHOLDER'S EQUITY

Preferred Stock, $.0001 par value,
 20,000,000 shares authorized,
 none issued and outstanding                      -

Common Stock, $.0001 par value,
 100,000,000 shares authorized,
 1,000,000 issued and outstanding                100

Additional paid-in capital                     1,315

Deficit accumulated during
    development stage                         (1,315)
                                                -----
 Total Stockholder's Equity                      100
                                                -----
TOTAL LIABILITIES AND
  STOCKHOLDER'S EQUITY                         $ 100
                                                =====



             See accompanying notes to financial statements
                                    2

<PAGE>

                              BOULDIN CORPORATION
                (FORMERLY LICENSE ACQUISITION CORPORATION)
                          (A DEVELOPMENT STAGE COMPANY)
                           STATEMENT OF OPERATIONS
                                 (Unaudited)
                         -----------------------

<TABLE>
<CAPTION>
	            	For the  	For the		For the	    For the    	March 24,
        	     	3-Months	3-Months	9-Months    9-Months   	1999
             		Ended		Ended   	Ended	    Ended	(Inception)
             		Sept 30, 	Sept 30,	Sept 30,    Sept 30, 	to Sept 30,
             		2006            2005        	2006	    2005	2006

<S>          		<C>         	<C>        	<C>	    <C>		<C>
Income       		$  -        	$  -       	$  -	    $   -	$  -


Expenses
 Professional Fees	   -		   -		  780			   780
 Organization
    expense        	   -		   -	       	   -		-	   535
                       ------- 		-------  	------	    -------	-------

   Total expenses          -               -       	  780		-	 1,315
                       ------- 		-------  	------	    -------	-------

NET LOSS                   -               -        	 (780)		-	(1,315)
                       =======          =======		======	    ========	=======
</TABLE>


                See accompanying notes to financial statements
                                       3

<PAGE>

                            BOULDIN CORPORATION
                 (FORMERLY LICENSE ACQUISITION CORPORATION)
                       (A DEVELOPMENT STAGE COMPANY)
                 STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
                FOR THE PERIOD FROM MARCH 24, 1999 (INCEPTION)
                             TO September 30, 2006
                                  (Unaudited)
                             --------------------
<TABLE>
<CAPTION>
                                                                   Deficit
                                                                   Accumulated
                                                    Additional     During
                            Common Stock Issued     Paid-In        Development
                            Shares      Amount      Capital        Stage          Total
-----------                 ------        -----      ------          -----         -----
<S>                         <C>          <C>        <C>            <C>            <C>
Common Stock Issuance       1,000,000    $ 100      $  -           $  -           $  100
Fair value of expenses
 contributed                   -           -         1,315             -           1,315

Net loss for the years ended:
 December 31, 1999             -           -           -             (535)         (535)
 December 31, 2000             -           -           -               -             -
 December 31, 2001             -           -           -               -             -
 December 31, 2002             -           -           -               -             -
 December 31, 2003             -           -           -               -             -
 December 31, 2004             -           -           -               -             -
 December 31, 2005             -           -           -               -             -
 September 30, 2006            -           -           -             (780)         (780)
-----------                 ------        -----      ------          -----         -----
BALANCE AT
 Setpember 30, 2006        1,000,000       100       $1,315        $(1,315)        $ 100
============               =========      =====       =====          ======         =====
</TABLE>

                    See accompanying notes to financial statements
                                                     4

<PAGE>
<TABLE>
<CAPTION>
                                BOULDIN CORPORATION
                      (FORMERLY LICENSE ACQUISITION CORPORATION)
                            (A DEVELOPMENT STAGE COMPANY)
                                STATEMENTS OF CASH FLOWS
                                    (Unaudited)
                             ------------------------
                                                                      For The Period
                                                                      From
                               January 1,         January 1,          March 24, 1999
                               2006 to            2005 to             (Inception) to
                               Sept 30, 2006      Sept 30, 2005       Sept 30, 2006
                              -----------         -----------         ------------
<S>                            <C>                <C>                 <C>

CASH FLOWS FROM OPERATING
   ACTIVITIES:

Net loss                        $  (780)              $   -               $(1,315)
Adjustment to reconcile
 net loss to net cash used by
 operating activities

Contributed expenses                780                  -                  1,315
                                -------              ------               --------
 Net Cash Used In Operating
       Activities                    -                  -                    -
                                -------              ------               --------
CASH FLOWS FROM
   INVESTING ACTIVITIES              -                  -                    -
                                -------              ------               --------
CASH FLOWS FROM
   FINANCING ACTIVITIES:

 Proceeds from issuance of
      common stock                   -                   -                   100
                                -------              -------               --------
     Net Cash Provided By Financing
       Activities                    -                   -                   100
                                -------              -------               --------
INCREASE IN CASH AND
  CASH EQUIVALENTS                   -                   -                   100

CASH AND CASH  EQUIVALENTS
 - BEGINNING OF PERIOD              100                  100                  -
                                -------               -------             --------
CASH AND CASH EQUIVALENTS
 - END OF PERIOD                  $ 100                $ 100              $  100
===============                 ========               =======            ========
</TABLE>

                    See accompanying notes to financial statements
                                        5
<PAGE>

                                 BOULDIN CORPORATION
                     (FORMERLY LICENSE ACQUISITION CORPORATION)
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                               AS OF September 30, 2006
                                   ---------------

NOTE 1     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(A)   Organization and Business Operations

Boulding Corporation, formerly License Acquisition Corporation prior
to its name change on June 6, 2006 (a development stage company) ("the
Company") was incorporated in Delaware on March 24, 1999 to serve as a
vehicle to effect a merger, exchange of capital stock, asset acquisition
or other business combination with a domestic or foreign private business.
At September 30, 2006, the Company had not yet commenced any formal
business operations, and all activity to date relates to the Company's
formation.  The Company's fiscal year end is December 31.

The Company's ability to commence operations is contingent upon its
ability to identify a prospective target business.

(B) Use of Estimates

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

(C) Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all
highly liquid investments purchased with an original maturity of three months
or less to be cash equivalents.

(D) Income Taxes

The Company accounts for income taxes under the Financial Accounting
Standards Board of Financial Accounting Standards No. 109, "Accounting for
Income Taxes" ("Statement 109").  Under Statement 109, deferred tax assets
and liabilities are recognized for the future tax consequences attributable
to differences between the financial statement carrying amounts of existing
assets and liabilities and their respective tax basis.  Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to
taxable income in the years in which those temporary differences are expected
to be recovered or settled.  Under Statement 109, the effect on deferred tax
assets and liabilities of a change in tax rates is recognized in income in the
period that includes the enactment date.  There were no current or deferred
income tax expense or benefits due to the Company not having any material
operations for the years ended December 31, 2005 and 2004 and for the nine
months ended September 30, 2006.


(E) Recent Accounting Pronouncements

FASB Statement of Financial Accounting Standards (SFAS) No. 157, Fair Value
Measurements, issued in September 2006, establishes a formal framework for
measuring fair value under GAAP.  It defines and codifies the many definitions
of fair value included among various other authoritative literature, clarifies
and, in some instances, expands on the guidance for implementing fair value
measurements, and increases the level of disclosure required for fair value
measurements.  Although SFAS No. 157 applies to and amends the provisions of
existing FASB and AICPA pronouncements, it does not, of itself, require any
new fair value measurements, nor does it establish valuation standards.
SFAS No. 157 applies to all other accounting pronouncements requiring or
permitting fair value measurements, except for: SFAS No. 123 (R), share-based
payment and related pronouncements, the practicability exceptions to fair
value determinations allowed by various other authoritative pronouncements,
and AICPA Statements of Position 97-2 and 98-9 that deal with software
revenue recognition.  This statement is effective for financial statements
issued for fiscal years beginning after November 15, 2007, and interim
periods within those fiscal years.

The adoption of these pronouncements will not have a material effect on
the Company's financial position or results of operations.

                                        6
<PAGE>

                                 BOULDIN CORPORATION
                     (FORMERLY LICENSE ACQUISITION CORPORATION)
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                               AS OF September 30, 2006
                                   ---------------

NOTE 2    STOCKHOLDER'S EQUITY

(A) Preferred Stock

The Company is authorized to issue 20,000,000 shares of preferred stock at
$.0001 par value, with such designations, voting and other rights and
preferences as may be determined from time to time by the Board of Directors.

(B) Common Stock

The Company is authorized to issue 100,000,000 shares of common stock at
$.0001 par value.  The Company issued 1,000,000 shares of its common stock
to Pierce Mill Associates, Inc. pursuant to Section 4(2) of the Securities
Act of 1933 for an aggregate consideration of $100.

(C) Additional Paid-In Capital

Additional paid-in capital at September 30, 2006 represents the fair value
of the amount of organization costs and professional fees incurred by
related parties on behalf of the Company (See Note 4).

NOTE 3    AGREEMENT

On April 1, 1999, the Company signed an agreement with Rock Creek Capital
Corporation ("Rock Creek"), a related entity (See Note 4).  The Agreement
calls for Rock Creek to provide the following services, without reimbursement
from the Company, until the Company enters into a business combination as
described in Note 1(A):

1.   Preparation and filing of required documents with the Securities and
                                        Exchange Commission.
2.   Location and review of potential target companies.
3.   Payment of all corporate, organizational, and other costs incurred by
                                        the Company.

NOTE 4    RELATED PARTIES

Legal counsel to the Company is a firm owned by a director of the Company who
also owns 100% of the outstanding stock of Pierce Mill Associates, Inc. and
Rock Creek (See Note 3).


NOTE 5     SUBSEQUENT EVENT

     Subsequent to the date of the period covered by this Report, on
October 23,2006, the Company finalized an agreement with Bouldin
Corporation (Tennessee) and Pierce Mill Associates, Inc. for a change
in control of the Company.  Pursuant to the agreement Pierce Mill
Associates, Inc., the then sole shareholder of the Company, sold
750,000 of the 1,000,000 shares of the Company's common stock owned
by it to Bouldin Corporation (Tennessee). The Company also issued
6,750,000 shares of its common stock to Bouldin Corporation
(Tennessee).  Concurrently, the then president and sole director of
the Company resigned and a new director and officer was appointed.

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

     On June 6, 2006, the Company changed its name from License
Acquisition Corporation to Bouldin Corporation in anticipation of a
potential change in control.

     Subsequent to the date of the period covered by this Report, on
October 23,2006, the Company finalized an agreement with Bouldin
Corporation (Tennessee) and Pierce Mill Associates, Inc. for a change
in control of the Company.  Pursuant to the agreement Pierce Mill
Associates, Inc., the then sole shareholder of the Company, sold
750,000 of the 1,000,000 shares of the Company's common stock owned
by it to Bouldin Corporation (Tennessee). The Company also issued
6,750,000 shares of its common stock to Bouldin Corporation
(Tennessee).  Concurrently, the then president and sole director of
the Company resigned and a new director and officer was appointed.

     The Company filed a Form 8-K on October 24, 2006 reporting these
events.

     The Company anticipates that Bouldin Corporation (Tennessee)
will sell all of its assets to it for stock of the Company and
following the purchase of such assets the Company will register its
securities and apply for listing of its securities for public
trading.


     Bouldin Corporation (Tennessee) is an innovative designer and
manufacturer of automated machinery and equipment.  Most notably, Bouldin
Corporation (Tennessee) was one of the 2005 R&D 100 award winners for
"technologically significant inventions" for its WastAway Municipal Solid
Waste Recycling System.  Previous winners include ground-breaking inventions
such as the fax machine, HDTV, automated teller machine and the Nicoderm
anti-smoking patch among others.  Bouldin Corporation (Tennessee) continues
to seek out cost effective and technologically efficient ways to improve our
planet through its design and construction of equipment.

     Bouldin Corporation (Tennessee) was founded in 1959 to meet increased
production needs of the local nursery industry in McMinnville, Tennessee with
conveyors, soil mixers, transplanters, and other related equipment. Bouldin
Corporation (Tennessee) has expanded its business into a premier line of
automated equipment for the greenhouse and nursery industries with a world-
wide installed customer base.   Bouldin Corporation (Tennessee) and its
subsidiaries have recently focused their talents as research-driven
manufacturers of horticultural equipment into the world of recycling
technology. The proprietary WastAway process developed by Bouldin Corporation
(Tennessee) offers a cost effective solution to ever increasing household
waste disposal problems while providing diverse products and applications
using ordinary recycled household garbage.

     During the mid 1980's as Bouldin Corporation (Tennessee) grew, it began
diversifying its product line by addressing various environmental concerns
through the development of grinders. These grinders are capable of dramatic
volume reduction in wood and other solid waste, also with utilization for
recycling and demilitarization of brass shell casings and other metal waste
for the US military. Following the development of new grinding technology,
Bouldin Corporation (Tennessee) applied its know-how to the WastAway Process,
which recycles residential municipal solid waste.

     The WastAway System utilizes a production-level continuous-flow system
of grinders and conveyors to recycle the entire household garbage stream
without requiring the usual expensive separation of recyclable materials.
Unsorted household waste is fed into the automated system, which also
processes the garbage with high heat and pressure, to produce Fluff, a
clean, consistent and environmentally safe raw material with multiple uses.
WastAway and Fluff are registered trade marks of Bouldin Corporation
(Tennessee).

     Bouldin Corporation (Tennessee) conceptualized, designed and
manufactured the WastAway System over a period of ten years including four
years of testing locally in Tennessee and on US military bases  at Fort
Campbell, Kentucky and Fort Benning, Georgia.

     Bouldin Corporation (Tennessee) has successfully operated the WastAway
process for over three years in Warren County Tennessee. Also in the summer
of 2006, Bouldin Corporation (Tennessee) recycled over 240 tons of garbage
from the Bonnaroo Music Festival. The recycling efforts in Warren County
through the WastAway process have given the local county government the
benefits of lower transportation expense and top rankings for available
recycling grants in the state of Tennessee.

     Additionally, a groundbreaking ceremony was held October 20, 2006 in
Aruba where Bouldin Corporation (Tennessee), through its subsidiary, won a
competitive bid process and has a contract to construct the first WastAway
plant outside the United States.  Once Phase 2 of this project has been
completed, it is estimated that Aruba will have a 90% overall recycling
rate. In the case of Aruba, the  Fluff will be used to re-claim land that
would otherwise be unusable.

     Fluff, the by-product of the WastAway Process, is considered a Class B
compost. Fluff has proven applications as an agricultural product in land
reclamation and as a growing substrate for nurseries due to its organic
makeup, nutrient value and water retention qualities. Fluff also has potential
applications in composite timbers and boards for the construction industry
municipal use as benches, parking stops, and other products.

     Presently, Bouldin Corporation (Tennessee) is in the process of
converting Fluff to green energy by incorporating Fluff into a gasification
process that will generate steam and electricity as a direct by-product of
WastAway processing.  Bouldin believes that the potential electricity
generated by a conventional WastAway installation will be more than adequate
to run the WastAway unit with excess power being sold for general consumption.
Such power sales will be an additional revenue source to the WastAway
operators, further lowering the total cost to operate a system.

     Bouldin Corporation (Tennessee) believes current research activities
will lead to the production of liquid fuels such as ethanol and synthetic
diesel fuel and that the WastAway process and its by-product, Fluff, lends
itself to the production of these alternative energy sources.


ITEM 3. CONTROLS AND PROCEDURES

     Pursuant to Rules adopted by the Securities and Exchange Commission
under Section 302(a) of the Sarbanes-Oxley Act of 2002, the
Company carried out an evaluation of the effectiveness of the design and
operation of its disclosure controls and procedures pursuant to Exchange
Act Rule 13a-14.  This evaluation  was done as of the end of the fiscal
period covered by this report under the supervision and
with the participation of the Company's principal executive officer (who
is also the principal financial officer).  There have been no significant
changes in internal controls or in other factors that could significantly
affect internal controls subsequent to the date of the evaluation.  Based
upon that evaluation, he believes that the Company's disclosure controls
and procedures are effective in gathering, analyzing and disclosing
information needed to ensure that the information required to be disclosed
by the Company in its periodic reports is recorded, summarized and processed
timely.  The principal executive officer  is directly involved in the day-
to-day operations of the Company.


                   PART II -- OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     There are no legal proceedings against the Company and the Company is
unaware of such proceedings contemplated against it.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

     Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

     Not applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     Not applicable.

ITEM 5.  OTHER INFORMATION

               (a)  Not applicable.
               (b)  Item 401(g) of Regulation S-B:

   During the quarter covered by this Report, there have not been any
material changes to the procedures by which our security holders may
recommend nominees to our Board of Directors.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)     Exhibits

     31   Certification of the Chief Executive Officer and Chief
                    Financial Officer pursuant to Section 302 of
                    the Sarbanes-Oxley Act of 2002

     32   Certification of the Chief Executive Officer and Chief
                    Financial Officer pursuant to Section 906 of
                    the Sarbanes-Oxley Act of 2002

     (b)  Reports on Form 8-K

     The Company filed a report on Form 8-K reporting its change
of control, issuance of restricted shares of its securities and
appointment of a new director on October 24, 2006.

                                SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                                 BOULDIN CORPORATION

                                 By:   /s/ Floyd E. Bouldin
                                            President

Dated:   November 14, 2006

     Pursuant to the Securities Exchange Act of 1934, this report has
been signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.

     NAME                        OFFICE          DATE

   /s/ Floyd E. Bouldin		Director        November 14, 2006

<PAGE>