UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

|X| Quarterly Report Pursuant To Section 13 or 15(d) of the Securities  Exchange
    Act of 1934

                For the quarterly period ended December 31, 2011

|_| Transition Report Under Section 13 or 15(d) of the Securities Exchange Act
    of 1934

             For the transition period from __________ to __________

                          Commission File Number: None

                           COLORADO CERAMIC TILE, INC.
                       ---------------------------------
             (Exact name of registrant as specified in its charter)

               Colorado                                   84-1307164
 ---------------------------------          -----------------------------------
 (State or other jurisdiction               (I.R.S. Employer Identification No.)
 of incorporation or organization)

                             4151 E. County Line Rd.
                              Centennial, CO 80122
                       ----------------------------------
          (Address of principal executive offices, including Zip Code)


                                  303-721-9198
                                  ------------
                (Issuer's telephone number, including area code)

          (Former name or former address if changed since last report)
          ------------------------------------------------------------

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

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 (ss.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 [X] No [ ]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer, or a small reporting  company.  See
the   definitions   of   "large   accelerated   filer,"   "accelerated   filer,"
"non-accelerated  filer," and "smaller  reporting  company" in Rule 12b-2 of the
Exchange Act.

Large accelerated filer            [ ]     Accelerated filer            [ ]

Non-accelerated filer              [ ]     Smaller reporting company    [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule  12b-2 of the  Exchange  Act).  Yes?  [ ] No [X] State the number of shares
outstanding of each of the issuer's  classes of common equity,  as of the latest
practicable date: 8,125,000 shares of common stock as of February 10, 2012.
<PAGE>



                           COLORADO CERAMIC TILE, INC.

                              FINANCIAL STATEMENTS
                                   (Unaudited)

                         Quarter Ended December 31, 2011

<PAGE>


                           COLORADO CERAMIC TILE, INC.
                              Financial Statements


                                TABLE OF CONTENTS


                                                                          Page
                                                                          ----

FINANCIAL STATEMENTS

      Balance sheets                                                        1
      Statements of operation                                               2
      Statements of cash flows                                              3
      Notes to consolidated financial statements                            5




<PAGE>


                           COLORDO CERAMIC TILE, INC.
                                 BALANCE SHEETS
                                                                  Dec. 31, 2011
                                              June 30, 2011        (Unaudited)
                                            ------------------  ----------------
    ASSETS
      Current assets

            Accounts receivable             $           21,633  $       32,894
            Inventory                                   17,552          18,389
                                            ------------------  ----------------
              Total current assets                      39,185          51,283
                                            ------------------  ----------------
            Deposits                                     4,193           4,193
            Fixed assets - net                           4,305             656
                                            ------------------  ----------------
      Total Assets                          $           47,683  $       56,132
                                            ==================  ================

    LIABILITIES & STOCKHOLDERS' EQUITY

      Current liabilities
            Bank overdraft                  $            1,674  $        3,652
            Accounts payable                           243,629         246,230
            Notes payable - current                    208,235         209,466
            Accrued interest payable                       318             215
                                            ------------------  ----------------
              Total current liabilities                453,856         459,563
                                            ------------------  ----------------
      Long term liabilities
            Notes payable                                5,675               -
                                            ------------------  ----------------
              Total long term liabilities                5,675               -
                                            ------------------  ----------------
      Total Liabilities                                459,531         459,563
                                            ------------------  ----------------

      Stockholders' Equity
           Preferred stock, $.001 par
            value; 10,000,000 shares
            authorized; No shares
            issued & outstanding                             -               -
           Common stock, $.001 par
            value; 100,000,000 shares
            authorized; 8,125,000
            shares issued and outstanding                8,125           8,125
           Additional paid in capital                  112,499         112,499
           Accumulated deficit                        (532,472)       (524,055)
                                            ------------------  ----------------
      Total Stockholders' Equity                      (411,848)       (403,431)
                                            ------------------  ----------------
      Total Liabilities and Stockholders'
      Equity                                $          47,683   $        56,132
                                            ==================  ================

     The accompanying notes are an integral part of the financial statements.

                                       1
<PAGE>

                           COLORDO CERAMIC TILE, INC.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)

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

                                Three Months      Three Months      Six Months       Six Months
                                    Ended             Ended            Ended            Ended
                               Dec. 31, 2010      Dec. 31, 2011    Dec. 31, 2010   Dec. 31, 2011
                              -----------------  ----------------  --------------  ---------------

   Sales (net of returns)     $       162,663    $       199,769   $    434,862    $    450,362
   Cost of goods sold                 110,128            163,890        304,855         298,620
                              -----------------  ----------------  --------------  ---------------
   Gross Profit                        52,535             35,879        130,007         151,742
                              -----------------  ----------------  --------------  ---------------
   Operating expenses:
       Depreciation                     3,682              1,824          7,351           3,649
       General and
        administrative                124,991             22,592        209,662         145,474
                              -----------------  ----------------  --------------  ---------------
                                      128,673             24,416        217,013         149,123
                              -----------------  ----------------  --------------  ---------------
   Gain (loss) from
    operations                        (76,138)            11,463        (87,006)          2,619
                              -----------------  ----------------  --------------  ---------------
   Other income (expense):
        Gain on debt relief                 -              7,906              -           7,906
        Interest expense               (3,664)            (1,083)        (5,597)         (2,108)
                              -----------------  ----------------  --------------  ---------------
                                       (3,664)             6,823         (5,597)          5,798
                              -----------------  ----------------  --------------  ---------------
   Income (loss) before
     provision for income
     taxes                            (79,802)            18,286        (92,603)          8,417
   Provision for income tax                 -                  -              -               -
                              -----------------  ----------------  --------------  ---------------
   Net income (loss)          $       (79,802)   $        18,286   $    (92,603)   $      8,417
                              =================  ================  ==============  ===============
   Net income (loss) per
    share
   (Basic and fully diluted)  $         (0.01)   $          0.00   $      (0.02)   $       0.00
                              =================  ================  ==============  ===============
   Weighted average number
    of common shares
    outstanding                     8,125,000          8,125,000      6,062,500       8,125,000
                              =================  ================  ==============  ===============
</TABLE>

    The accompanying notes are an integral part of the financial statements.

                                       2
<PAGE>

                           COLORADO CERAMIC TILE, INC.
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)


                                                    Six Months      Six Months
                                                       Ended          Ended
                                                   Dec. 31, 2010   Dec. 31, 2011
                                                   -------------   -------------

   Cash Flows From Operating Activities:
     Net income (loss)                             $   (92,603)    $    8,417

     Adjustments to reconcile net loss to
      net cash provided by (used for)
      operating activities:
        Depreciation                                     7,351          3,649
        Accounts receivable                             24,675        (11,261)
        Inventory                                          (51)          (837)
        Bank overdraft                                  (4,329)         1,978
        Gain on debt relief                                  -         (7,906)
        Accrued payables                                40,693          2,523
                                                   -------------   -------------
           Net cash provided by (used for)
            operating activities                       (24,264)        (3,437)
                                                   -------------   -------------
   Cash Flows From Investing Activities:
                                                             -              -
                                                   -------------   -------------
            Net cash provided by used for)
             investing activities                            -              -
                                                   -------------   -------------




                          (Continued On Following Page)

    The accompanying notes are an integral part of the financial statements.

                                       3
<PAGE>


                           COLORADO CERAMIC TILE, INC.
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)


                         (Continued From Previous Page)



                                                     Six Months      Six Months
                                                       Ended          Ended
                                                   Dec. 31, 2010   Dec. 31, 2011
                                                   -------------   -------------

   Cash Flows From Financing Activities:
      Notes payable - borrowings                        11,300         29,300
      Notes payable - payments                         (15,303)       (25,863)
      Sales of common stock                             82,500              -
                                                   -------------   -------------
         Net cash provided by (used for)
          financing activities                          78,497          3,437
                                                   -------------   -------------

   Net Increase (Decrease) In Cash                      54,233              -

   Cash At The Beginning Of The Period                       -              -
                                                   -------------   -------------

   Cash At The End Of The Period                        54,233              -
                                                   =============   =============


   Schedule Of Non-Cash Investing And Financing Activities

   None

   Supplemental Disclosure:

   Cash paid for interest                          $     5,454      $   2,033

   Cash paid for income taxes                      $         -      $       -


    The accompanying notes are an integral part of the financial statements.

                                       4
<PAGE>

                           COLORADO CERAMIC TILE, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Colorado  Ceramic Tile, Inc. (the  "Company"),  was incorporated in the State of
StateplaceColorado  on March 27, 1995.  The Company sells and installs stone and
tile.

Basis of Presentation
---------------------

The accompanying unaudited financial statements have been prepared in accordance
with the instructions to Form 10-Q and do not include all of the information and
disclosures  required by generally accepted  accounting  principles for complete
financial  statements.  All adjustments which are, in the opinion of management,
necessary for a fair  presentation  of the results of operations for the interim
periods have been made and are of a recurring nature unless otherwise  disclosed
herein.  The results of operations for such interim  periods are not necessarily
indicative of operations for a full year.

Use of Estimates
----------------

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

Cash and cash equivalents
-------------------------

The Company considers all highly liquid investments with an original maturity of
three months or less as cash equivalents.

Accounts receivable
-------------------

The Company reviews  accounts  receivable  periodically for  collectability  and
establishes an allowance for doubtful accounts and records bad debt expense when
deemed necessary.

Property and equipment
----------------------

Property and equipment are recorded at cost and depreciated under accelerated or
straight line methods over each item's estimated useful life.

                                       5
<PAGE>

                           COLORADO CERAMIC TILE, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 1. ORGANIZATION,  OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (Continued):

Revenue recognition
-------------------

Revenue is  recognized on an accrual  basis after  services have been  performed
under contract terms,  the service price to the client is fixed or determinable,
and collectibility is reasonably assured.

Income tax
----------

The  Company  accounts  for  income  taxes  pursuant  to ASC 740.  Under ASC 740
deferred taxes are provided on a liability  method  whereby  deferred tax assets
are  recognized  for  deductible   temporary   differences  and  operating  loss
carryforwards  and deferred tax liabilities are recognized for taxable temporary
differences.  Temporary  differences  are the  differences  between the reported
amounts of assets and liabilities  and their tax bases.  Deferred tax assets are
reduced by a valuation allowance when, in the opinion of management,  it is more
likely than not that some  portion or all of the deferred tax assets will not be
realized.  Deferred tax assets and  liabilities  are adjusted for the effects of
changes in tax laws and rates on the date of enactment.

Net income (loss) per share
---------------------------

The net income (loss) per share is computed by dividing the net income (loss) by
the weighted  average number of shares of common  outstanding.  Warrants,  stock
options,  and  common  stock  issuable  upon  the  conversion  of the  Company's
preferred  stock (if any),  are not  included in the  computation  if the effect
would be  anti-dilutive  and would  increase the  earnings or decrease  loss per
share.

Financial Instruments
---------------------

The carrying value of the Company's  financial  instruments,  as reported in the
accompanying balance sheets, approximates fair value.

Long-Lived Assets
-----------------

In accordance with ASC 350, the Company  regularly reviews the carrying value of
intangible  and  other   long-lived   assets  for  the  existence  of  facts  or
circumstances,  both  internally and  externally,  that suggest  impairment.  If
impairment  testing  indicates a lack of  recoverability,  an impairment loss is
recognized by the Company if the carrying  amount of a long-lived  asset exceeds
its fair value.

                                       6
<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Plan of
        Operation

     The following  discussion  analyzes the Company's  financial  condition and
summarizes  the results of  operations  for the three months ended  December 31,
2011 and the six months ended  December 31, 2011 and 2010.  This  discussion and
analysis should be read in conjunction with the Company's  financial  statements
included as part of this report.

     The Company currently sells a variety of hard surfacing products, including
ceramic and porcelain  tile,  natural  stone,  glass,  metal  accents,  hardwood
flooring,  rubber and leather flooring,  engineered counter surfaces, as well as
custom shower doors.

     The Company's products can be used in numerous applications including:

          o    Flooring;
          o    Wall Coverings;
          o    Kitchens;
          o    Decks and Patios;
          o    Bath and Shower Enclosures; and
          o    Swimming Pool and Spas.

     The  Company  also  offers   installation   services  through   experienced
independent contractors.

Results of Operations
---------------------

     Material changes of items in the Company's  Statement of Operations for the
three months ended December 31, 2011 as compared to the same period in the prior
year are discussed below:

                              Increase (I)
    Item                     or Decrease (D)  Reason
    ----                     ---------------  ------
    Sales                           I         Small commercial installations.

    Gross Profit (as a percent      D         Sale of products with lower
    of sales)                                 margins.

    General and Administrative      D         Reduction in compensation to
    Expenses                                  officers and employees.

     Material changes of items in the Company's  Statement of Operations for the
six months  ended  December 31, 2011 as compared to the same period in the prior
year are discussed below:

                                       7
<PAGE>

                               Increase (I)
    Item                     or Decrease (D)  Reason
    ----                     ---------------  ------

    Sales                           I         Small commercial jobs.

    Gross Profit (as a percent      I         Sale of products with higher
    of sales)                                 margins.

     The factors  that most  significantly  affected  the  Company's  results of
operations were:

        i)   the prices of tile, marble and stone; and
        ii)  the  condition  of  the  residential  and  commercial  construction
             markets.

     Other than the foregoing,  the Company does not know of any trends,  events
or uncertainties that have had, or were reasonably  expected to have, a material
impact on the Company's sales, revenues, expenses or results of operations.

Liquidity and Capital Resources
-------------------------------

     The Company's sources and (uses) of funds for the six months ended December
31, 2011 and 2010 are shown below:

                                                  Six Months Ended December 31,
                                                  ----------------------------
                                                      2010           2011
                                                      ----           ----
Net cash provided (used) by
   Operations                                      $(24,264)      $(3,437)
Loan Proceeds                                        11,300        29,300
Repayment of loans                                  (15,303)      (25,863)
Sale of common stock                                 82,500            --

     The Company does not have any commitments or  arrangements  from any person
to  provide it with any  additional  capital.  If  additional  financing  is not
available  when  needed,  the Company may need to alter its business  plan.  The
Company may not be successful in raising the capital needed.

     Other than as disclosed above, the Company does not know of any

          o    trends, demands,  commitments,  events or uncertainties that will
               result  in,  or that are  reasonably  likely to  result  in,  any
               material increase or decrease in the Company's liquidity; or

          o    significant changes in the Company's expected sources and uses of
               cash.

Contractual Obligations
-----------------------

     The Company's  material future  contractual  obligations as of December 31,
2011 were as follows:

                                       8
<PAGE>

                     Amounts due during twelve months ending December 31,
                     ----------------------------------------------------
Item                   Total           2012          2013         2014
----                   -----           ----          ----         ----

Notes Payable        $209,466        $209,466         --            --

Accounting Policies
-------------------

     See Note 1 to the financial  statements included as part of this report for
a description of critical  accounting  policies and the potential  impact of the
adoption of any new accounting pronouncements.

Plan of Reorganization
----------------------

     The Company's business plan involved opening additional stores in Colorado.
However, the Company has been unable to raise the additional capital required to
open additional  stores,  due to the current recession which has, in particular,
impacted the construction and home improvement sectors.

     With a view to enhancing shareholder value, the Company plans to reorganize
by:

          o    disposing of its existing business; and

          o    acquiring   another  business  that  is  not  involved  with  the
               construction or home improvement industries.

     On November 29, 2011 a reorganization plan was approved by the shareholders
that involed:

          1)   the  transfer  of all of the  Company's  assets to CCT,  Inc.,  a
               wholly-owned subsidiary of the Company;

          2)   the sale of CCT, Inc. to Sandie Venezia,  an officer and director
               of the Company for $500;

          3)   the Company's acquisition of the assets of Carbon Based Partners,
               LLC ("CBP") for $500.

     In connection with the plan of reorganization, the Company's shareholders:

          o    approved a resolution  changing the name of the Company to Carbon
               Based Partners, Inc.

          o    approved a forward split the Company's common stock on a 36 for 1
               basis.

     As part of the  reorganization,  Sandie  Venezia and Mark  Rodenbeck,  both
officers, directors and principal shareholders of the Company, agreed to:

                                       9
<PAGE>

          o    each sell 2,000,000  shares of the Company's  common stock to CBP
               for cash,

          o    appoint the  management  of CBP as  management of the Company and
               then

          o    resign as officers and directors of the Company.

     In November, 2011, the Company and CBP executed an Asset Purchase Agreement
and Ms.  Veneza,  Mr.  Rodenbeck  and CBP  executed a Stock  Purchase  Agreement
pursuant to the plan of  reorganization.  In December 2011 both  agreements were
mutually terminated.

     On  February  14,  2012  shareholders  owning a majority  of the  Company's
outstanding  shares  adopted  resolutions  which changed the name of the Company
back to Colorado Ceramic Tile, Inc. and reversed split the Company's outstanding
shares of common stock on a 1 for 36 basis.

Item 4.  Controls and Procedures.

     (a) The Company  maintains a system of controls and procedures  designed to
ensure that  information  required to be disclosed in reports filed or submitted
under the Securities Exchange Act of 1934, as amended ("1934 Act"), is recorded,
processed,  summarized and reported,  within time periods specified in the SEC's
rules and forms and to ensure that  information  required to be disclosed by the
Company  in the  reports  that it files  or  submits  under  the  1934  Act,  is
accumulated  and  communicated  to  the  Company's  management,   including  its
Principal  Executive  and  Financial  Officer,  as  appropriate  to allow timely
decisions regarding required disclosure.  As of December 31, 2011, the Company's
Principal  Executive and Financial  Officer  evaluated the  effectiveness of the
design and operation of the Company's disclosure controls and procedures.  Based
on that evaluation, the Principal Executive and Financial Officer concluded that
the Company's  disclosure  controls and procedures were effective as of December
31, 2011.

     (b) Changes in Internal  Controls.  There were no changes in the  Company's
internal control over financial  reporting during the quarter ended December 31,
2011, that materially  affected,  or are reasonably likely to materially affect,
its internal control over financial reporting.

                                     PART II

Item 6.  Exhibits

Exhibits

  31.1  Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

  31.2  Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

  32    Certification pursuant to Section 906 of the Sarbanes-Oxley Act.

                                       10
<PAGE>


                                   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.




                                      COLORADO CERAMIC TILE, INC.

February 14, 2012                     /s/ Sandie Venezia
                                      ---------------------------------------
                                      Sandie Venezia, Principal Executive and
                                      Financial Officer
<PAGE>