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**SRKP      5, INC.**

**-      INDEX -**

|                                              |                                                                                |   | Page   |
|---------------------------------------------------|-------------------------------------------------------------------------------------|--------|--------|
| **PART                I- FINANCIAL INFORMATION:** |                                                                                |   |
|                                              |                                                                                |   |   |
| Item                  1.                          | Financial                  Statements:                                              |   | 1      |
|                                              |                                                                                |   |   |
|                                              | Balance                  Sheet - September 30, 2007 (Unaudited)                     |   | 2      |
|                                              |                                                                                |   |   |
|                                              | Statements                  of Operations (Unaudited) for the Three and Nine Months |   | 3      |
|                                              | Ended                  September 30, 2007 and 2006 and for the Cumulative Period    |   |   |
|                                              | from                  May 24, 2005 (Inception) to September 30, 2007                |   |   |
|                                              |                                                                                |   |   |
|                                              | Statements                  of Cash Flows (Unaudited) for the Nine Months Ended     |   | 4      |
|                                              | September                  30, 2007 and 2006 and for the Cumulative Period from     |   |   |
|                                              | May                  24, 2005 (Inception) to September 30, 2007                     |   |   |
|                                              |                                                                                |   |   |
|                                              | Notes                  to Financial Statements                                      |   | 5      |
|                                              |                                                                                |   |   |
| Item                  2.                          | Management's                  Discussion and Analysis or Plan of Operation          |   | 8      |
|                                              |                                                                                |   |   |
| Item                  3.                          | Controls                  and Procedures                                            |   | 8      |
|                                              |                                                                                |   |   |
| **PART                II - OTHER INFORMATION:**   |                                                                                |   |
|                                              |                                                                                |   |   |
| Item                  1.                          | Legal                  Proceedings                                                  |   | 9      |
|                                              |                                                                                |   |   |
| Item                  2.                          | Unregistered                  Sales of Equity Securities and Use of Proceeds        |   | 9      |
|                                              |                                                                                |   |   |
| Item                  3.                          | Defaults                  Upon Senior Securities                                    |   | 9      |
|                                              |                                                                                |   |   |
| Item                  4.                          | Submission                  of Matters to a Vote of Security Holders                |   | 9      |
|                                              |                                                                                |   |   |
| Item                  5.                          | Other                  Information                                                  |   | 9      |
|                                              |                                                                                |   |   |
| Item                  6.                          | Exhibits                                                                            |   | 10     |
|                                              |                                                                                |   |   |
| Signatures                                        |                                                                                | 11     |

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**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

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**SRKP        5, INC.**

**(A        Development Stage Company)**

**BALANCE        SHEET**

|                                                               |   | **September                30,** |    |
|--------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                               |   | **2007**                         |    |
|                                                               |   | **(Unaudited)**                  |    |
| **ASSETS**                                                         |   |
|                                                               |   |                             |    |
| **CURRENT                ASSETS:**                                 |   |                             |    |
| Cash                                                               |   | $                                | 12,724  |   |
|                                                               |   |                             |    |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY (DEFICIT)**  |
|                                                               |   |                             |    |   |
| **CURRENT                LIABILITIES:**                            |   |                             |    |   |
| Due                to Stockholders                                 |   | $                                | 17,500  |   |
|                                                               |   |                             |    |   |
| **COMMITMENTS                AND CONTINGENCIES**                   |   |                             |    |   |
|                                                               |   |                             |    |   |
| **STOCKHOLDERS'                EQUITY (DEFICIT):**                 |   |                             |    |   |
| Preferred                stock, $.0001 par value                   |   |                             |    |   |
| 10,000,000                shares authorized, none issued           |   |                             | — |   |
| Common                stock, $.0001 par value                      |   |                             |    |   |
| 100,000,000                shares authorized, 3,857,150 issued and |   |                             |    |   |
| outstanding                                                        |   |                             | 386     |   |
| Additional                paid-in capital                          |   |                             | 53,176  |   |
| (Deficit)                accumulated during development stage      |   |                             | (58,338 | ) |
|                                                               |   |                             |    |   |
| Total                Stockholders' Equity (Deficit)                |   |                             | (4,776  | ) |
|                                                               |   | $                                | 12,724  |   |

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

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**SRKP        5, INC.**

**(A        Development Stage Company)**

**STATEMENTS        OF OPERATIONS**

**(Unaudited)**

|                                                 |   |                                  |      |                                  |   |                                  |   |                                  |      | **Cumulative**                                 |   |
|------------------------------------------------------|--------|---------------------------------------|-----------|---------------------------------------|--------|---------------------------------------|--------|---------------------------------------|-----------|------------------------------------------------|--------|
|                                                 |   | **Three                Months**       |      | **Three                Months**       |   | **Nine                Months**        |   | **Nine                Months**        |      | **from****May                  24, 2005**      |   |
|                                                 |   | **Ended**                             |      | **Ended**                             |   | **Ended**                             |   | **Ended**                             |      | **(Inception)                to**              |   |
|                                                 |   | **September                30, 2007** |      | **September                30, 2006** |   | **September                30, 2007** |   | **September                30, 2006** |      | **September                30,**** 2007** |   |
| **REVENUE**                                          |   | $                                     | —   |                                  | $      | —                               |   | $                                     | —   |                                           | $      | — |   | $ | — |   |
|                                                 |   |                                  |      |                                  |   |                                  |   |                                  |      |                                           |   |   |   |   |   |   |
| **EXPENSES**                                         |   |                                  | 3,088     |                                  |   | 1,125                                 |   |                                  | 10,913    |                                           |   | 5,639 |   |   | 58,338 |   |
|                                                 |   |                                  |      |                                  |   |                                  |   |                                  |      |                                           |   |   |   |   |   |   |
| **NET                (LOSS)**                        |   | $                                     | (3,088    | )                                     | $      | (1,125                                | )      | $                                     | (10,913   | )                                              | $      | (5,639 | ) | $ | (58,338 | ) |
|                                                 |   |                                  |      |                                  |   |                                  |   |                                  |      |                                           |   |   |   |   |   |   |
| **NET                (LOSS) PER COMMON SHARE-BASIC** |   | $                                     | *         |                                  | $      | *                                     |   | $                                     | *         |                                           | $      | * |   |   |   |   |
|                                                 |   |                                  |      |                                  |   |                                  |   |                                  |      |                                           |   |   |   |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF**        |   |                                  |      |                                  |   |                                  |   |                                  |      |                                           |   |   |   |   |   |   |
| **COMMON                SHARES OUTSTANDING**         |   |                                  | 3,402,862 |                                  |   | 2,700,000                             |   |                                  | 2,934,287 |                                           |   | 2,700,000 |   |   |   |   |

***        **

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

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**SRKP        5, INC.**

**(A        Development Stage Company)**

**STATEMENTS        OF CASH FLOWS**

**(Unaudited)**

|                                                          |   |                                  |    |                                  |   | **Cumulative****from**                |   |
|---------------------------------------------------------------|--------|---------------------------------------|---------|---------------------------------------|--------|---------------------------------------|--------|
|                                                          |   | **Nine                Months**        |    | **Nine                Months**        |   | **May                24, 2005**       |   |
|                                                          |   | **Ended**                             |    | **Ended**                             |   | **(Inception)                to**     |   |
|                                                          |   | **September                30, 2007** |    | **September                30, 2006** |   | **September                30, 2007** |   |
| **CASH                FLOWS FROM (TO) OPERATING ACTIVITIES:** |   |                                  |    |                                  |   |                                  |   |
| Net                (loss)                                     |   | $                                     | (10,913 | )                                     | $      | (5,639                                | )      | $ | (58,338 | ) |
|                                                          |   |                                  |    |                                  |   |                                  |   |   |   |   |
| Net                Cash (Used In) Operating Activities        |   |                                  | (10,913 | )                                     |   | (5,639                                | )      |   | (58,338 | ) |
|                                                          |   |                                  |    |                                  |   |                                  |   |   |   |   |
| **CASH                FLOWS FROM (TO) FINANCING ACTIVITIES:** |   |                                  |    |                                  |   |                                  |   |   |   |   |
| Common                stock issued for cash                   |   |                                  | 12,953  |                                  |   | -                                     |   |   | 37,953 |   |
| Warrants                issued for cash                       |   |                                  | 17,859  |                                  |   | -                                     |   |   | 17,859 |   |
| Advances                from Stockholders                     |   |                                  | 7,475   |                                  |   | 6,150                                 |   |   | 34,975 |   |
| Repurchase                of common stock for cash            |   |                                  | (2,250  | )                                     |   | -                                     |   |   | (2,250 | ) |
| Repayment                of Stockholders' advances            |   |                                  | (17,475 | )                                     |   | -                                     |   |   | (17,475 | ) |
|                                                          |   |                                  |    |                                  |   |                                  |   |   |   |   |
| Net                Cash Provided by Financing Activities      |   |                                  | 18,562  |                                  |   | 6,150                                 |   |   | 71,062 |   |
|                                                          |   |                                  |    |                                  |   |                                  |   |   |   |   |
| **NET                INCREASE/(DECREASE) IN CASH AND CASH**   |   |                                  |    |                                  |   |                                  |   |   |   |   |
| **EQUIVALENTS:**                                              |   |                                  | 7,649   |                                  |   | 511                                   |   |   | 12,724 |   |
|                                                          |   |                                  |    |                                  |   |                                  |   |   |   |   |
| **CASH                AND CASH EQUIVALENTS, BEGINNING**       |   |                                  |    |                                  |   |                                  |   |   |   |   |
| **OF                PERIOD**                                  |   |                                  | 5,075   |                                  |   | 4,609                                 |   |   | - |   |
|                                                          |   |                                  |    |                                  |   |                                  |   |   |   |   |
| **CASH                AND CASH EQUIVALENTS, END**             |   |                                  |    |                                  |   |                                  |   |   |   |   |
| **OF                PERIOD**                                  |   | $                                     | 12,724  |                                  | $      | 5,120                                 |   | $ | 12,724 |   |

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

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**SRKP      5, INC.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**NOTE      1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**History**

**Going      Concern and Plan of Operation**

**Income      Taxes**

**Deferred      Offering Costs**

**Cash      and Cash Equivalents**

**Concentrations      of Credit Risk**

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**SRKP      5, INC.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**NOTE      1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**

**Earnings      Per Common Share**

**Use      of Estimates in the Preparation of Financial      Statements**

**Recently      Issued Accounting Pronouncements**

**NOTE      2 - STOCKHOLDERS' EQUITY **

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**SRKP      5, INC.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**NOTE      3 - RELATED PARTY TRANSACTIONS **

**NOTE      4 - DUE TO STOCKHOLDERS**

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**Item      2. Management’s Discussion and Analysis or Plan of Operation.**

***Plan      of Operation***

***Liquidity      and Capital Resources***

***Results      of Operations***

***Off-Balance      Sheet Arrangements***

** **

**Item      3. Controls and Procedures.**

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**PART      II — OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      2. Unregistered Sales of Equity Securities and Use of Proceeds.**

**Item      3. Defaults Upon Senior Securities.**

**Item      4. Submission of Matters to a Vote of Security Holders.**

**Item      5. Other Information.**

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**Item      6. Exhibits.**

| Exhibit                  No. |   | Description                                                                                                                                                                                                                                                                                                      |
|------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         |   |                                                                                                                                                                                                                                                                                                             |
| *3.1                         |   | Certificate                  of Incorporation, as filed with the Delaware Secretary of State                  on May 24,                  2005.                                                                                                                                                                  |
|                         |   |                                                                                                                                                                                                                                                                                                             |
| *3.2                         |   | By-Laws.                                                                                                                                                                                                                                                                                                         |
|                         |   |                                                                                                                                                                                                                                                                                                             |
| **4.1                        |   | Form                  of Warrant.                                                                                                                                                                                                                                                                                |
|                         |   |                                                                                                                                                                                                                                                                                                             |
| **10.1                       |   | Common                  Stock Purchase Agreement by and between the Company and WestPark                  Capital                  Financial Services, LLC, dated August 3, 2007.                                                                                                                                |
|                         |   |                                                                                                                                                                                                                                                                                                             |
| **10.2                       |   | Common                  Stock Purchase Agreement by and between the Company and Charles                  Frisco,                  dated August 3, 2007                                                                                                                                                           |
|                         |   |                                                                                                                                                                                                                                                                                                             |
| **10.3                       |   | Form                  of Warrant Purchase Agreement, dated August 3, 2007.                                                                                                                                                                                                                                       |
|                         |   |                                                                                                                                                                                                                                                                                                             |
| **10.4                       |   | Redemption                  Agreement by and between the Company and Thomas Poletti, dated                  August 3,                  2007.                                                                                                                                                                     |
|                         |   |                                                                                                                                                                                                                                                                                                             |
| 31.1                         |   | Certification                  of the Company’s Principal Executive Officer pursuant to Section 302 of                  the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                  Report on Form 10-QSB for the quarter ended September 30,                  2007. |
|                         |   |                                                                                                                                                                                                                                                                                                             |
| 31.2                         |   | Certification                  of the Company’s Principal Financial Officer pursuant to Section 302 of                  the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                  Report on Form 10-QSB for the quarter ended September 30,                  2007. |
|                         |   |                                                                                                                                                                                                                                                                                                             |
| 32.1                         |   | Certification                  of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section                  1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley                  Act of                  2002.                                                                   |
|                         |   |                                                                                                                                                                                                                                                                                                             |
| 32.2                         |   | Certification                  of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section                  1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley                  Act of                  2002.                                                                   |

| * | Filed                as an exhibit to the Company's Registration Statement on Form 10-SB,                as                filed with the Securities and Exchange Commission on August 3, 2005,                and                incorporated herein by this                reference. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ** | Filed                as an exhibit to the Company’s Current Report on Form 8-K, as filed with                the Securities and Exchange Commission on August 7, 2007, and incorporated                herein by this reference. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

|                                  |                                    |                                       |
|---------------------------------------|-----------------------------------------|--------------------------------------------|
| Dated:              November 13, 2007 | **SRKP 5, INC.**                        |
|                             |                               |                                  |
|                                       | By:                           | /s/ Richard              A. Rappaport |
|                                  | Name:              Richard A. Rappaport |
|                                  | Title:              President           |

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