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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, DC 20549
 FORM 10-Q
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended March 31, 2006
 or
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 Commission file number: 001-32574
 JK ACQUISITION CORP.
  Delaware
    
    87-0745202(State or other jurisdiction of
    
    (I.R.S. Employer Identification No.)incorporation or organization)5847 San Felipe, Suite 4350Houston, Texas
    
    77057(Address of principal executive
    
    (Zip Code)offices)
 (713) 978-7557
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  o o þ
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JK ACQUISITION CORP.
Table of Contents
 PagePART I  FINANCIAL INFORMATIONItem 1. Financial Statements
    
    1Balance Sheets
    
    1Statement of Expenses
    
    2Statement of Cash Flows
    
    3Notes to Consolidated Financial Statements
    
    4Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    6Item 3. Quantitative and Qualitative Disclosures about Market Risk
    
    8Item 4. Controls and Procedures
    
    8PART II  OTHER INFORMATION
    
    10Item 1A. Risk Factors
    
    10Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    10Item 6. Exhibits
    
    11SIGNATURES
    
    12INDEX TO EXHIBITS
    
    13Certification by Principal Executive Officer Pursuant to Section 302Certification by Principal Financial Officer Pursuant to Section 302Certification by Principal Executive Officer and Principal Financial Officer Pursuant to Section 906




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Item 1. Financial Statements.
 JK ACQUISITION CORP.
(A Development Stage Company)
 
 BALANCE SHEETS
 As of March 31, 2006 and December 31, 2005
 March 31,
    
    
    December 31,2006
    
    
    2005(unaudited)ASSETSCash
    
    $
    3,256
    
    
    $
    26,137Deferred offering costs
    
    
    610,909
    
    
    
    592,816Total Assets
    
    $
    614,165
    
    
    $
    618,953LIABILITIES AND STOCKHOLDERS EQUITYLiabilitiesAccounts payable and accrued expenses
    
    $
    263,863
    
    
    $
    263,697Advances payable
    
    
    329,000
    
    
    
    329,000Total Liabilities
    
    
    592,863
    
    
    
    592,697Stockholders equityPreferred stock, $0.0001 par value, 1,000,000 shares
authorized, none issued and outstanding
    
    
    
    
    
    
    Common stock, $0.0001 par value, 50,000,000 shares authorized,
2,958,333 shares issued and outstanding
    
    
    296
    
    
    
    296Paid-in capital
    
    
    30,954
    
    
    
    30,954Deficit accumulated during the development stage
    
    
    (9,948
    )
    
    
    (4,994
    )Total Stockholders Equity
    
    
    21,302
    
    
    
    26,256Total Liabilities and Stockholders Equity
    
    $
    614,165
    
    
    $
    618,953
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JK ACQUISITION CORP.
(A Development Stage Company)
 
 STATEMENT OF EXPENSES
 Three Months ended March 31, 2006
 (unaudited)
 Operating Expenses:General & administrative
    
    $
    4,954Net Loss
    
    $
    (4,954
    )Loss per share  basic and fully diluted
    
    $
    (0.00
    )Weighted average number of common shares outstanding  basis and fully diluted
    
    
    2,958,333
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JK ACQUISITION CORP.
(A Development Stage Company)
 
 STATEMENT OF CASH FLOWS
 Three Months ended March 31, 2006
 (unaudited)
 CASH FLOWS FROM OPERATING ACTIVITIESNet loss
    
    $
    (4,954
    )Change in accounts payable
    
    
    166Net cash used in operating activities
    
    
    (4,788
    )CASH FLOWS FROM FINANCING ACTIVITIESCash paid for offering costs
    
    
    (18,093
    )Net cash used in financing activities
    
    
    (18,093
    )Net change in cash
    
    
    (22,881
    )Cash at beginning of period
    
    
    26,137Cash at end of period
    
    $
    3,256Supplemental disclosures:Cash paid for interest
    
    $
    Cash paid for income taxes
    
    $
    
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##### Table of Contents



JK ACQUISITION CORP.
(A Development Stage Company)
 
 NOTES TO FINANCIAL STATEMENTS
 (unaudited)
 NOTE 1  BASIS OF PRESENTATION
  NOTE 2  SUBSEQUENT EVENTS
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5




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Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations.
   6




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RESULTS OF OPERATIONS
 Net Loss
  CHANGES IN FINANCIAL CONDITION
 Liquidity and Capital Resources
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Off-Balance Sheet Arrangements
  Contractual Obligations
  
 Item 3. Quantitative and Qualitative Disclosures About Market Risk.
  8




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Item 4. Controls and Procedures.
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PART II  OTHER INFORMATION
 Item 1A. Risk Factors.
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
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Item 6. Exhibits.
 Number
    
    Description31.1
    
    Certification by Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2
    
    Certification by Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1
    
    Certification by Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
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SIGNATURES
  JK ACQUISITION CORP.Date: May 24, 2006
    
    By:
    
    /s/ James P. Wilson

James P. WilsonChairman of the Board of Directors, ChiefExecutive Officer and Secretary(Principal Executive Officer)(Principal Financial and Accounting Officer)
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INDEX TO EXHIBITS
 Number
    
    Description31.1
    
    Certification by Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2
    
    Certification by Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1
    
    Certification by Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 13