SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-KSB

(Mark One)
[x]       ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934.
          For the fiscal year ended December 31, 2006

[ ]       TRANSITION REPORT UNDER SECTION 13 OR 15(d)
          OF THE SECURITIES EXCHANGE ACT OF 1934.
          for the transition period from ________to________.

                         Commission file number 0-28963

                          STRATEGIC ACQUISITIONS, INC.
                          ----------------------------
       (Exact name of small business issuer as specified in its charter)

Nevada                                           13-3506506
------                                           ----------
(State or Other Jurisdiction of       (IRS Employer Identification No.)
Incorporation or Organization)


10 West Street, Suite 28-C, New York, NY            10004
----------------------------------------------      -----
(Address of Principal Executive Offices)        (Zip Code)


                                 (212) 750-3355
                                 --------------
                          (Issuer's Telephone Number)

           Securities registered under Section 12(b) of the Act: None

                   Securities under Section 12(g) of the Act:

                                  Common Stock
                                  ------------
                                (Title of Class)

<PAGE>


     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 [ ]

     Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB. [ ]

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

     Issuer's income for fiscal year 2006 was $2,322.

     The aggregate market value of the voting and non-voting common equity held
by the issuer's nonaffiliates, as of March 2, 2007, was $77,420.

     As of December 31, 2006, a total of 1,610,000 shares of common stock were
issued and outstanding.

     Transitional Small Business Format: No.
<PAGE>

                               TABLE OF CONTENTS

                                                                Page

PART I.........................................................  1

Item 1.   Description of Business..............................  1

Item 2.   Description of Property..............................  2

Item 3.   Legal Proceedings....................................  2

Item 4.   Submission of Matters to a Vote of Security .........  2
          Holders


PART II........................................................  2

Item 5.   Market for Common Equity and Related Shareholder.....  2
          Matters

Item 6.   Management's Discussion and Analysis or Plan of......  3
          Operations

Item 7.   Financial Statements.................................  3-4

Item 8.   Changes in and Disagreements with Accountants on.....  5
          Accounting and Financial Disclosure

Item 8A.  Controls and Procedures..............................  5


PART III.......................................................  6

Item 9.   Directors, Executive Officers, Promoters and.........  6
          Control Persons; Compliance With Section 16(a)
          of the Exchange Act.

Item 10.  Executive Compensation...............................  6

Item 11.  Security Ownership of Certain Beneficial Owners......  7

Item 12.  Certain Relationships and Related Transactions.......  8

Item 13.  Exhibits and Reports on Form 8-K.....................  8

Item 14.  Principal Accountant Fees and Services...............  9

Signatures.....................................................  10


                                       i
<PAGE>


                                     PART I

Item 1.  Business.

General

Strategic Acquisitions, Inc. (the "Company" or "Strategic") was incorporated
under the laws of the State of Nevada on January 27, 1989, and is in the
developmental stage. Since inception the Company had no revenues other than
nominal interest income. As of the date hereof, the Company has no commercial
operations, has no full- or part-time employees, and owns no real estate.

The Company's current business plan is to seek, investigate, and, if warranted,
acquire a business, and to pursue other related activities intended to enhance
shareholder value. The acquisition of a business opportunity may be made by
purchase, merger, exchange of stock, or otherwise, and may encompass assets or a
business entity, such as a corporation, joint venture, or partnership. The
Company has limited capital, and it is unlikely that the Company will be able to
take advantage of more than one such business opportunity. The Company intends
to seek opportunities demonstrating the potential of long-term growth as opposed
to short-term earnings.

At the present time the Company has not identified any business opportunity
that it plans to pursue, nor has the company reached any agreement or
definitive understanding with any person concerning an acquisition.

No assurance can be given that the Company will be successful in finding or
acquiring a desirable business opportunity, given that limited funds are
available for acquisitions, or that any acquisition that occurs will be on
terms that are favorable to the Company or its stockholders.

The Company's search will be directed toward small and medium-sized enterprises
which have a desire to become public corporations and which are able to satisfy,
or anticipate in the reasonably near future being able to satisfy, the minimum
asset requirements in order to qualify shares for trading on NASDAQ or a stock
exchange.

The business development process is more fully described in the Company's FORM
10-SB Registration Statement filed with the Securities and Exchange Commission
January 18, 2000, incorporated herein by this reference. Since such filing
there has been no change in the Company's business.


                                       1
<PAGE>

ITEM 2.   Description of Property.

The Company has no property.  The Company does not currently maintain an office
or any other facilities. It does currently maintain a mailing address at the
home of its President, John P. O'Shea, 10 West Street, Suite 28-C, New York,
New York 10004. The Company pays no rent for the use of this mailing address.
The Company does not believe that it will need to maintain an office at any
time in the foreseeable future in order to carry out its plan of operations
described herein.

ITEM 3.   Legal Proceedings.

The Company is not a party to any legal proceedings, and no such proceedings
are known to be contemplated.

ITEM 4.   Submission of Matters to a Vote of Security Holders.

None.



                                    PART II

ITEM 5.   Market for Common Equity and Related Shareholder Matters.

There is a limited public trading market for the Company's shares of common
stock on the Over-the-Counter Bulletin Board, under the symbol STQN. The
following table shows the quarterly high and low bid prices during 2005 and
2006 as reported by Bloomberg, LP.  These are the inter-dealer bid quotations,
without retail mark-up, mark-down or commission, and may not represent actual
transactions.

      YEAR            PERIOD                       HIGH         LOW
     ------        -------------                   ----        ----
     2005          First Quarter                   0.35        0.35
                   Second Quarter                  0.35        0.25
                   Third Quarter                   0.25        0.16
                   Fourth Quarter                  0.25        0.20
     2006          First Quarter                   0.35        0.25
                   Second Quarter                  0.35        0.35
                   Third Quarter                   0.35        0.35
                   Fourth Quarter                  0.35        0.35



At March 9, 2007, there were 60 record holders and approximately 86 beneficial
owners of the Company's common stock.

The Board of Directors has never declared a dividend and the Company does not
anticipate paying dividends at any time in the foreseeable future. Also, in the
event of the acquisition of a business by the Company, control of the Company
and its Board of Directors may pass to others and the payment of dividends would
be wholly dependent upon the decisions of such persons.

                                       2
<PAGE>


ITEM 6.   Management's Discussion and Analysis or Plan of Operation.

          PLAN OF OPERATION

The following Plan of Operation should be read in conjunction with the
accompanying audited financial statements for the year ended December 31, 2006.

The Company remains in the development stage and has limited capital resources
and stockholder's equity. At December 31, 2006, the Company had current assets
in the form of cash and cash equivalents of $80,273 and liabilities of $507.

The Company has not realized any revenues from operations in the past two
years, and its plan of operation for the next twelve months shall be to
continue its efforts to locate a suitable acquisition/merger candidate. The
Company can provide no assurance that it will continue to satisfy its cash
requirements for the next twelve months if a suitable acquisition/merger is
completed.

It is unlikely the Company will have any revenue, other than interest income,
unless it is able to effect an acquisition of or merger with an operating
company, of which there can be no assurance.

ITEM 7.   Financial Statements.



                      THIS AREA INTENTIONALLY LEFT BLANK
                 Item 7. Financial Statements Begin on Page 4






                                       3
<PAGE>



                                    PART F/S

                           STRATEGIC ACQUISITIONS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          INDEX TO FINANCIAL STATEMENTS

                                    CONTENTS

                                                                     PAGE
                                                                     ----

Report of Independent Registered Public Accounting Firm               F1

Balance Sheet, December 31, 2006                                      F2

Statements of Operations for the Years Ended
December 31, 2006 and 2005 and for the period from                    F3
Inception (January 27, 1989) to December 31, 2006

Statements of Stockholders' Equity, period from
Inception (January 27, 1989) to December 31, 2006                     F4

Statements of Cash Flows for the Years Ended
December 31, 2006 and 2005 and for the period from                    F5
Inception (January 27, 1989) to December 31, 2006

Notes to Financial Statements                                        F6-10


                                       4
<PAGE>



                          [COMISKEY & CO. LETTERHEAD]

           REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


Board of Directors
Strategic Acquisitions, Inc.
New York, NY


We have audited the accompanying balance sheet of Strategic Acquisitions, Inc.
(the "Company") (a development stage company), as of December 31, 2006, and the
related statements of operations, stockholders' equity, and cash flows for the
years ended December 31, 2006 and 2005, and for the period from inception
(January 27, 1989) to December 31, 2006.  These financial statements are the
responsibility of the Company's management.  Our responsibility is to express
an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (U.S.).  Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting.  Our audits included consideration of internal control
over financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting.  Accordingly, we express no such opinion.  An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements.  An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation.  We believe that our
audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Strategic Acquisitions, Inc.
as of December 31, 2006, and the results of its operations and cash flows for
the years ended December 31, 2006 and 2005, and for the period from inception
(January 27, 1989) to December 31, 2006, in conformity with accounting
principles generally accepted in the United States of America.


Denver, Colorado
March 5, 2007


/s/ Comiskey & Company


Professional Corporation

                                       F1
<PAGE>



                           STRATEGIC ACQUISITIONS INC.
                          (A Development Stage Company)
                                 BALANCE SHEET



                                                      December 31,
                                                         2006
                                                         ----

ASSETS

Current Assets:

     Cash and Equivalents                               $ 80,273
                                                         -------
     TOTAL CURRENT ASSETS                               $ 80,273
                                                         =======

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

     Accounts Payable                                   $    507
                                                         -------
     TOTAL CURRENT LIABILITIES                          $    507
                                                         =======
Stockholders' Equity
    Common Stock, $0.001 par value; 50,000,000
    Shares authorized; 1,610,000 shares and
    1,600,000 shares issued and outstanding,
    respectively                                        $  1,610
    Additional Paid-In Capital                           186,793
    Accumulated Deficit                                 (108,637)
                                                         --------
       TOTAL STOCKHOLDERS' EQUITY                         79,766
                                                         -------
       TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY       $ 80,273
                                                         =======


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


                                       F2


<PAGE>


                           STRATEGIC ACQUISITIONS INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS



                                   For the period
                                   from inception   For the year   For the year
                                (January 27, 1989)         ended          ended
                                   to December 31,   December 31,   December 31,
                                             2006           2006           2005
                                     ------------   ------------   ------------


Revenue                              $          -   $          -   $          -

                                     ------------   ------------   ------------
Expenses:
   General & Administrative               206,841          8,250         12,312
   General & Administrative
       - related party                      8,100              -              -
                                     ------------   ------------   ------------
         Total Expenses                   214,941          8,250         12,312
                                     ------------   ------------   ------------

Other Income:
   Interest Income                         61,323          2,322          1,486
   Miscellaneous Income                    30,013
   Gain on Debt Extinguishment             14,968              -              -
                                     ------------   ------------   ------------
         Total Other Income               106,304          2,322          1,486


      NET LOSS                       $   (108,637)  $     (5,928)  $    (10,826)
                                     ============   ============   ============

Weighted Average Number of
  Common Stock Outstanding
      - Basic                           1,597,965      1,610,000      1,610,000
                                     ============   ============   ============

Basic Loss Per Common Share          $      (0.07)  $      (0.00)  $      (0.01)
                                     ============   ============   ============



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


                                       F3



<PAGE>


                           STRATEGIC ACQUISITIONS INC.
                          (A Development Stage Company)
                       STATEMENTS OF STOCKHOLDERS' EQUITY
<TABLE>
<C>    <C>
                                                         Additional                 Total
                                       Common Stock        Paid-In   Accumulated Stockholder's
                                   Shares       Amount     Capital    (Deficit)     Equity
                                 ----------   ---------   ---------   ---------   ---------
Issuance of common stock
on July 31, 1989 for cash
of $0.0044 per share              1,360,000   $   1,360   $   4,640   $      -   $   6,000

Public offering - 40,000 units
(six shares per unit) @ $6.00
per unit, net of costs              240,000         240     179,063          -     179,303

Net (Loss), Inception to
   December 31, 2000                                                   (73,432)    (73,432)
                                 ----------   ---------   ---------   ---------   ---------
Balance, December 31, 2000        1,600,000       1,600     183,703    (73,432)    111,871

Net (Loss), December 31, 2001                                           (2,250)     (2,250)
                                  ---------   ---------   ---------   ---------   ---------
Balance, December 31, 2001        1,600,000       1,600     183,703    (75,682)    109,621

Net (Loss), December 31, 2002                                           (5,115)     (5,115)
                                  ---------   ---------   ---------   ---------   ---------
Balance, December 31, 2002        1,600,000       1,600   $ 183,703    (80,797)    104,506

Net (Loss), December 31, 2003                                           (5,877)     (5,877)
                                  ---------   ---------   ---------   ---------   ---------
Balance - December 31, 2003       1,600,000       1,600   $ 183,703    (86,674)     98,269

Issuance of common stock
on June 30, 2004 at market value
($0.31 per share) for services       10,000          10       3,090                  3,100

Net (Loss), December 31, 2004                                           (5,209)     (5,209)
                                 ----------   ---------   ---------   ---------   ---------

Balance, December 31, 2004        1,610,000   $   1,610   $ 186,793   $(91,883)   $ 96,520

Net (Loss), December 31, 2005                                          (10,826)    (10,826)
                                 ----------   ---------   ---------   ---------   ---------
Balance - December 31, 2005       1,610,000       1,610   $ 186,793   (102,709)     85,694

Net (Loss), December 31, 2006                                           (5,928)     (5,928)
                                 ----------   ---------   ---------   ---------   ---------
Balance - December 31, 2006       1,610,000       1,610   $ 186,793   (108,637)     79,766
                                 ==========   =========   =========   =========   =========
</TABLE>


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


                                       F4
<PAGE>



                           STRATEGIC ACQUISITIONS INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS

                                     For the period
                                     from inception       For the       For the
                                  (January 27, 1989)   year ended    year ended
                                     to December 31,  December 31,  December 31,
                                               2006          2006          2005
                                        -----------   -----------   -----------


CASH FLOWS FROM OPERATING ACTIVITIES:

     Net Loss                              $ (108,637)  $   (5,928)  $  (10,826)

Adjustments to Reconcile Net Loss to
  Net Cash Used by Operating Activities:

  Increase (Decrease) in accounts payable         507          507            -
  Stock issued for Services-related party       3,100            -            -
                                           ----------   ----------   ----------

  Net cash flows from Operating Activities   (105,030)      (5,421)     (10,826)


CASH FLOWS FROM FINANCING ACTIVITIES

   Issuance of common stock, net of costs     185,303            -            -
                                           ----------   ----------   ----------

   Net cash flows from financing activities   185,303            -            -
                                           ----------   ----------   ----------
NET INCREASE (DECREASE) IN CASH
      AND CASH EQUIVALENTS                     80,273       (5,421)     (10,826)

CASH AND CASH EQUIVALENTS,
     BEGINNING OF PERIOD                            -       85,694       96,520
                                           ----------   ----------   ----------

CASH AND CASH EQUIVALENTS,
     END OF PERIOD                         $   80,273   $   80,273   $   85,694
                                           ==========   ==========   ==========



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


                                       F5
<PAGE>
                           STRATEGIC ACQUISITIONS INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                            DECEMBER 31, 2006 AND 2005

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES AND PROCEDURES

ORGANIZATION
The Company was organized January 27, 1989 (Date of Inception) under the laws
of the State of Nevada, as Strategic Acquisitions, Inc.

The Company is an enterprise in the development stage as defined by Statement
No. 7 of the  Financial  Accounting  Standards  Board and has not engaged in
any business other than  organizational  efforts, the sale of stock in a public
offering, and the evaluation of potential acquisition targets.  It has no
full-time employees and owns no real property. The Company intends to seek to
acquire one or more existing  businesses that have existing  management,
through  merger or  acquisition.  Management of the Company will have  virtually
unlimited discretion in determining the business activities in which the Company
might engage.

ESTIMATES
The preparation of 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 revenue and expenses during the
reporting period.  Actual results could differ from those estimates.

CASH AND CASH EQUIVALENTS
The Company maintains a cash balance in an interest-bearing account that
currently does not exceed federally insured limits.  For the purpose of
the statements of cash flows, all highly liquid investments with an original
maturity of three months or less are considered to be cash equivalents.

CONCENTRATION OF CREDIT RISK
At December 31, 2006, and 2005, the Company maintained all of its cash in one
commercial bank.  The Company has not experienced any losses on such accounts.

REVENUE RECOGNITION
The Company recognizes revenue on an accrual basis as it invoices for services.

REPORTING ON THE COSTS OF START-UP ACTIVITIES
Statement of Position 98-5 (SOP 98-5), "Reporting on the Costs of Start-Up
Activities," which provides guidance on the financial reporting of start-up
costs and organizational costs, requires most costs of start-up activities and
organizational costs to be expensed as incurred.  SOP 98-5 is effective for
fiscal years beginning after December 15, 1998.  With the adoption of SOP 98-5,
there has been little or no effect on the Company's financial statements.

LOSS PER SHARE
Net loss per share is provided in accordance with Statement of Financial
Accounting Standards No. 128 (SFAS #128) "Earnings Per Share".  Basic loss per
share is computed by dividing losses available to common stockholders by the
weighted average number of common shares outstanding during the period.
The Company had no dilutive common stock equivalents, such as stock options or
warrants, as of December 31, 2006.

                                       F6
<PAGE>

ADVERTISING COSTS
The Company expenses all costs of advertising as incurred.  There were no
advertising costs included in selling, general and administrative expenses
for the years ended December 31, 2006 and 2005.

FAIR VALUE OF FINANCIAL INSTRUMENTS
Fair value estimates discussed herein are based upon certain market assumptions
and pertinent information available to management as of December 31, 2006.
The respective carrying value of certain on-balance-sheet financial instruments
approximated their fair values. These financial instruments include cash and
accounts payable. Fair values were assumed to approximate carrying values for
cash and payables because they are short term in nature and their carrying
amounts approximate fair values or they are payable on demand.

SEGMENT REPORTING
The Company follows Statement of Financial Accounting Standards No. 130,
"Disclosures About Segments of an Enterprise and Related Information". The
Company operates as a single segment and will evaluate additional segment
disclosure requirements as it expands its operations.

DIVIDENDS
The Company has not yet adopted any policy regarding payment of dividends.
No dividends have been paid or declared since inception.

INCOME TAXES
The Company follows Statement of Financial Accounting Standard No. 109,
"Accounting for Income Taxes" ("SFAS No. 109") for recording the provision
for income taxes.  Deferred tax assets and liabilities are computed based
upon the difference between the financial statement and income tax basis of
assets and liabilities using the enacted marginal tax rate applicable when the
related asset or liability is expected to be realized or settled.  Deferred
income tax expenses or benefits are based on the changes in the asset or
liability each period.  If available evidence suggests that it is more likely
than not that some portion or all of the deferred tax assets will not be
realized, a valuation allowance is required to reduce the deferred tax assets
to the amount that is more likely than not to be realized.  Future changes in
such valuation allowance are included in the provision for deferred income taxes
in the period of change.

Deferred income taxes may arise from temporary differences resulting from
income and expense items reported for financial accounting and tax purposes in
different periods.  Deferred taxes are classified as current or non-current,
depending on the classification of assets and liabilities to which they relate.
Deferred taxes arising from temporary differences that are not related to an
asset or liability are classified as current or non-current depending
on the periods in which the temporary differences are expected to reverse.

                                       F7
<PAGE>
RECENT PRONOUNCEMENTS
In  February 2006,  the Financial Accounting Standards Board ("FASB") issued
Statement of Financial Accounting Standards ("SFAS") No. 155.   This Statement
amends FASB Statements No. 133, Accounting for Derivative Instruments and
Hedging Activities and No. 140, Accounting for Transfers and Servicing of
Financial Assets and Extinguishments of  Liabilities.  This Statement  resolves
issues addressed in Statement 133 Implementation Issue No. D1, "Application of
Statement 133 to Beneficial Interests in Securitized Financial Assets."  The
Company does not expect application of SFAS No. 155 to have a material effect
on its financial statements.

In March 2006,  the  FASB  issued  SFAS No. 156.   This Statement amends  FASB
Statement No. 140, Accounting for Transfers and Servicing of Financial Assets
and  Extinguishments  of  Liabilities,  with  respect  to  the  accounting  for
separately recognized servicing assets and servicing liabilities. This Statement
is effective as  of the beginning of  its first fiscal year  that begins  after
September 15, 2006.  An entity  should apply the  requirements for recognition
and  initial  measurement  of  servicing  assets  and  servicing  liabilities
prospectively to all  transactions  after the effective date of this Statement.
The Company does not expect application of  SFAS No. 156 to  have a  material
effect on its financial statements.

In June 2006, the FASB issued FASB Interpretation No. 48, "Accounting for
Uncertainty in Income Taxes - an Interpretation of FASB Statement No. 109"
("FIN 48"). FIN 48 clarifies the accounting for uncertainty in income taxes
recognized in a company's financial statements in accordance with FAS 109,
"Accounting for Income Taxes". FIN 48 prescribes a recognition threshold and
measurement attribute for the financial statement recognition and measurement of
a tax position taken or expected to be taken in a tax return. FIN 48 also
provides guidance on derecognition, classification, interest and penalties,
accounting in interim periods, disclosure and transition. The requirements of
FIN 48 are effective beginning January 1, 2007. The Company does not expect
application of FIN 48 to have a material effect on its financial statements.

In September 2006, the FASB issued SFAS No. 157. This Statement provides
guidance for using fair value to measure assets and liabilities.  The standard
also responds to investors' requests for expanded information about the extent
to which companies measure assets and liabilities at fair value, the information
used to measure fair value, and the effect of fair value measurements on
earnings.  SFAS No. 157 is effective for financial statements issued in fiscal
years beginning after November 15, 2007 and to interim periods within those
fiscal years.  The Company does not expect application of SFAS No. 157 to have
a material effect on its financial statements.

In September 2006, the Securities and Exchange Commission issued Staff
Accounting Bulletin ("SAB") No. 108, "Considering the Effects of Prior Year
Misstatements when Quantifying Misstatements in Current Year Financial
Statements". SAB No. 108 was issued in order to eliminate the diversity in
practice surrounding how public companies quantify financial statement
misstatements. SAB No. 108 requires that registrants quantify errors using both
a balance sheet (iron curtain) approach and an income statement (rollover)
approach, then evaluate whether either approach results in a misstated amount
that, when all relevant quantitative and qualitative factors are considered, is
material. SAB No. 108 is effective for fiscal years ending after November 15,
2006. The Company has adopted the bulletin during 2006. The adoption did not
have an effect on the Company's financial statements.

                                       F8
<PAGE>
In September 2006, the FASB issued SFAS No. 158.  This Statement requires an
employer to recognize the overfunded or underfunded status of a defined benefit
postretirement plan (other than a multiemployer plan) as an asset or liability
in its statement of financial position and to recognize changes in that funded
status in the year in which the changes occur, and to measure the funded status
of a plan as of the date of its year-end statement of financial position, with
limited exceptions.  The Company does not expect application of SFAS No. 158
to have any effect on its financial statements.

In February 2007, the FASB issued SFAS No. 159.  This Statement permits
entities to choose to measure many financial instruments and certain other
items at fair value.  This Statement is expected to expand the use of fair
value measurement, which is consistent with the Board's long-term measurement
objectives for accounting for financial instruments.  This Statement is
effective as of the beginning of a company's first fiscal year that begins
after November 15, 2007.  The Company does not expect application of SFAS
No. 159 to have a material effect on its financial statements.


NOTE 2 - INCOME TAXES

The Company accounts for income taxes under Statement of Financial Accounting
Standards No. 109, "Accounting for Income Taxes" ("SFAS No. 109"), which
requires use of the liability method.   SFAS No.  109 provides that deferred
tax assets and liabilities are recorded based on the differences between the
tax bases of assets and liabilities and their carrying amounts for financial
reporting purposes, referred to as temporary differences.  Deferred tax assets
and liabilities at the end of each period are determined using the currently
enacted tax rates applied to taxable income in the periods in which the
deferred tax assets and liabilities are expected to be settled or realized.

The provision for income taxes differs from the amount computed by applying the
statutory federal income tax rate to income before provision for income taxes.
The sources and tax effects of the differences are as follows:

                        U.S federal statutory rate       (34.0%)
                        Valuation reserve                 34.0%
                        Total                               - %

As of December 31, 2006, the Company has a net operating loss carryforward of
approximately $108,000 for tax purposes, which will be available to offset
future taxable income.  If not used, this carryforward will expire between
2009 and 2026. The deferred tax asset relating to the operating loss
carryforward has been fully reserved at December 31, 2006. The availability of
this operating loss to offset future earnings may be limited under the change
of control provisions of Internal Revenue Code Section 381.

                                       F9
<PAGE>

NOTE 3 - RELATED PARTY TRANSACTIONS

The Company currently utilizes the home of its president as a mailing
address "rent free".  The officers and directors of the Company are involved
in other business activities and may, in the future, become involved in other
business opportunities.  If a specific business opportunity becomes available,
such persons may face a conflict in selecting between the Company and their
other business interests.  The Company has not formulated a policy for the
resolution of such conflicts.


NOTE 4 - STOCKHOLDERS' EQUITY

The Company is authorized to issue 50,000,000 shares of its $0.001 par value
Common Stock.

On July 31, 1989, the Company issued 1,360,000 shares of its $0.001 par value
Common Stock to its directors for cash in the amount of $6,000.

During the fourth quarter 1989, the Company's public offering was declared
effective.  In connection therewith, the Company sold 40,000 units of Common
Stock at $6.00 per unit.  Each unit consisted of six shares of $0.001 par value
common stock, thirty Class A Warrants, thirty Class B Warrants, and thirty
Class C Warrants.  The Class A Warrants, Class B Warrants, and Class C Warrants
expired on July 15, 2004.

The Company granted the underwriters of its initial public offering Warrants to
purchase an aggregate of 4,000 units that were identical in all respects to the
units sold to the public, pursuant to the terms of the underwriting agreement,
at an exercise price of $6.42 per unit.  The underwriter's warrants expired on
July 15, 2004.

On June 30, 2004, the Company issued 10,000 shares of its $0.001 par value
Common Stock to an officer and director of the Company for services valued at
$3,100.

There have been no other issuances of Common Stock.


NOTE 5 - GAIN ON DEBT EXTINGUISHMENT

In 2004, the Company recorded $14,968 related to trade accounts payable from
a previous year which had been written off by the creditor.  The amount is
shown as a gain from debt extinguishment in the other income and expense
section of the Statements of Operations.


                                       F10

<PAGE>
ITEM 8.   Changes in and Disagreements With Accountants on Accounting and
          Financial Disclosure.

None.

ITEM 8A.  Controls and Procedures.

     As of the end of the period covered by this report, the Company conducted
an evaluation, under the supervision and with the participation of the Principal
Executive Officer and Principal Financial Officer, of the Company's disclosure
controls  and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the
Securities  Exchange Act of 1934 (the "Exchange Act"). Based on this evaluation,
the Principal Executive Officer and Principal Financial Officer concluded that
the Company's disclosure controls and procedures are effective to ensure that
information required to be disclosed by the Company in reports that it files or
submits under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified in Securities and Exchange Commission rules
and forms. Additionally, the Principal Executive Officer and Principal Financial
Officer concluded that the Company's disclosure controls and procedures are
effective to ensure that information required to be disclosed by the Company in
the reports that it files or submits under the Exchange Act is communicated to
the Principal Executive Officer and Principal Financial Officer, as appropriate
to allow timely decisions regarding disclosure.  There was no change in the
Company's internal control over financial reporting during the Company's most
recently completed fiscal quarter that has materially affected, or is reasonably
likely to materially affect, the Company's internal control over financial
reporting.

                                       5
<PAGE>

                                    PART III

ITEM 9.   Directors, Executive Officers, Promoters and Control Persons;
          Compliance With Section 16(a) of the Exchange Act.

The following is a list of directors and executive officers of the Company
as of December 31, 2006 their ages and all positions held by each of them
during the past five years.

     John P. O'Shea, 50, is the Company's President and a director since 2004.
     Since 1997, Mr. O'Shea has been an officer and director of Westminster
     Securities Corporation, a full-service brokerage firm headquartered in
     New York City. He currently services as Chairman and Chief Executive
     Officer of Westminster.  He is an Allied Member of the New York Stock
     Exchange and a Member of the New York Board of Trade.

     Marika Xirouhakis, 26, is the Company's Secretary/Treasurer and a director
     since 2004.  Ms. Xirouhakis has been employed by Westminster Securities
     Corporation since 1999, presently serving as a Vice President in the
     Corporate Finance department as well as as corporate secretary.  She
     attended New York University, Stern School of Business from 1998 to 2002,
     graduating Magna Cum Laude with a BS in Finance and Management.


Compliance With Section 16(a) of the Exchange Act.

Each of the Company's officers and directors is in compliance with
Section 16(a) of the Exchange Act.

Audit Committee and Audit Committee Financial Expert

The entire board of directors of the Company serves as its audit committee. The
Company does not have an audit committee financial expert serving on its audit
committee because it believes that the time and expense associated with
locating such a financial expert is not justified during the time that the
Company remains in the development stage as a blind pool or blank check company.

Code of Ethics

The Company has adopted a code of ethics which applies to its principal
executive officer, principal financial officer, principal accounting officer or
persons performing similar functions. A copy of this code of ethics was
previously included as an exhibit to our annual report on Form 10-KSB for the
fiscal year ended December 31, 2005, and is incorporated herein by reference.


Item 10.  Executive Compensation.

No officer or director  received any  remuneration  from the Company during
the fiscal  year.  Until the  Company  acquires  additional  capital,  it is not
intended that any officer or director will receive compensation from the Company
other than  reimbursement for  out-of-pocket  expenses incurred on behalf of the
Company. See "Certain  Relationships and Related  Transactions." The Company has
no stock option, retirement, pension, or profit-sharing programs for the benefit
of  directors,  officers  or other  employees,  but the Board of  Directors  may
recommend adoption of one or more such programs in the future.

                                       6
<PAGE>

Item 11.  Security Ownership of Certain Beneficial Owners and
          Management.

The following table sets forth, as of December 31, 2006, the number
of shares of common stock owned of record and beneficially by executive
officers, directors and any person who is the beneficial owner of more than
5% of the Company's common stock. Also included are the shares held by all
executive officers and directors as a group.


MANAGEMENT AND 5% OR GREATER            NUMBER              OWNERSHIP
SHAREHOLDERS/BENEFICIAL OWNERS         OF SHARES           PERCENTAGE
------------------------------         ---------           ----------

John P. O'Shea                          921,467              57.23%
c/o 100 Wall Street
7th Floor
New York, NY 10005

Marika Xirouhakis                        14,000               0.87%
c/o 100 Wall Street
7th Floor
New York, NY  10005

Deborah A. Salerno                      453,333              28.16%
355 South End Avenue
Apartment 22B
New York, NY 10280

All directors and executive             935,467              58.10%
officers as a group
(2 persons)

Each principal shareholder has sole investment power and sole voting power over
the shares owned.


Possible Change in Control.

In the event of a purchase of control by other persons, or a merger, the
shareholders and management listed above will no longer own the percentages set
forth above, and shareholders may be subject to decisions by the new control
parties to which they may not assent.


The Company does not have an Equity Compensation Plan nor are any securities
authorized for issuance under such type plan.


                                       7
<PAGE>


ITEM 12. Certain Relationships and Related Transactions.

No officer, director, or affiliate of the Company has during the last two
years, or proposes to have, any direct or indirect material interest in any
asset proposed to be acquired by the Company through security holdings,
contracts, options, or otherwise.

The Company has adopted a policy under which any consulting or finder's fee
that may be paid to a third party or affiliate for consulting services to
assist management in evaluating a prospective business opportunity would be
paid in stock or in cash. Any such issuance of stock would be made on an ad hoc
basis. Accordingly, the Company is unable to predict whether or in what amount
such stock issuance might be made.

Although there is no current plan in existence, it is possible that the Company
will adopt a plan to pay or accrue compensation to its officers and directors
for services related to seeking business opportunities and completing a merger
or acquisition transaction.

The Company maintains a mailing address at 10 West Street, Suite 28-C,
New York, NY  10004, the home of its President, John P. O'Shea, but
otherwise does not maintain an office. As a result, it pays no rent and incurs
no expenses for maintenance of an office and does not anticipate paying rent or
incurring office expenses in the future. It is likely that the Company will
establish and maintain an office after completion of a business combination.


ITEM 13.  Exhibits and Reports on Form 8-K.

(a) Exhibits

31.1 Certification by the Principal Executive Officer and Principal Financial
     Officer pursuant to Section 302 of the Sarbanes-0xley Act of 2002

32.1 Certification by the Principal Executive Officer and Principal Financial
     Officer pursuant to 18 U.S.C. Section 1350, Section 906 of the
     Sarbanes-Oxley Act of 2002


(b) Reports on Form 8-K:

None.




                                       8
<PAGE>

ITEM 14.  Principal Accountant Fees and Services.

(1) AUDIT FEES

The aggregate fees billed for each of the last two fiscal years for professional
services rendered by the principal accountants for the audit of the Company's
annual financial statements and review of financial statements included in the
Company's Form 10-QSB (17 CFR 249.308b) or services that are normally provided
by the accountant in connection with statutory and regulatory filings or
engagements for those fiscal years were $3,300 for the fiscal year ended
December 31, 2006 and $4,435 for the fiscal year ended December 31, 2005.

(2) AUDIT-RELATED FEES

There have been no fees billed in either of the last two fiscal years for
assurance and related services by the principal accountant.

(3) TAX FEES

There have been no fees billed in either of the last two fiscal years for
professional services rendered by the principal accountant for tax compliance,
tax advice, or tax planning.

(4) ALL OTHER FEES

There have been no fees billed in either of the last two fiscal years for
products and services provided by the principal accountant, other than the
services reported above.

(5) PRE-APPROVAL POLICIES AND PROCEDURES

Before the principal accountant is engaged by the Company to render audit or
non-audit services, the engagement is approved by the Company's Board of
Directors acting as the audit committee.





                                       9
<PAGE>




                                   SIGNATURES

     In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereto duly
authorized.

Date: March 27, 2007

                                              STRATEGIC ACQUISITIONS, INC.


                                              By:  /s/ JOHN P. O'SHEA
                                                  ------------------------
                                                   John P. O'Shea
                                                   President and
                                                   Principal Financial Officer


     In accordance with the Exchange Act, 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                          Title                              Date
----                          -----                              ----

                              President
/s/ JOHN P. O'SHEA            Principal Financial Officer
----------------------        Director                           March 27, 2007
    John P. O'Shea

                              Secretary
/s/ MARIKA XIROUHAKIS         Treasurer
----------------------        Director                           March 27, 2007
    Marika Xirouhakis





                                       10

<PAGE>
                                                                 Exhibit 31.1
                     Certification Pursuant to Section 302
                       of the Sarbanes-Oxley Act of 2002

I, John P. O'Shea, certify that:

1. I have reviewed this annual report on Form 10-KSB of Strategic Acquisitions,
   Inc. (the "Registrant");

2. Based on my knowledge, this annual report does not contain any untrue
   statement of a material fact or omit to state a material fact necessary to
   make the statements made, in light of the circumstances under which such
   statements were made, not misleading with respect to the period covered by
   this report;

3. Based on my knowledge, the financial statements, and other financial
   information included in this annual report, fairly present in all material
   respects the financial condition, results of operations and cash flows of the
   Registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and
   procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
   Registrant and have:

   a) designed such disclosure controls and procedures to ensure that material
      information relating to the Registrant is made known to me, particularly
      during the period in which this annual report is being prepared. The
      Registrant has no consolidated or unconsolidated subsidiaries;

   b) evaluated the effectiveness of the Registrant's disclosure controls and
      procedures and presented in this report my conclusions about the
      effectiveness of the disclosure controls and procedures as of the end of
      the period covered by this report based on such evaluation; and

   c) disclosed in this report any change in the Registrant's internal control
      over financial reporting that occurred during the registrant's most recent
      fiscal quarter (the Registrant's fourth fiscal quarter in the case of an
      annual report) that has materially affected, or is reasonably likely to
      materially affect, the Registrant's internal control over financial
      reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over
   financial reporting, to the Registrant's auditors and the audit committee of
   the Registrant's board of directors (or persons performing the equivalent
   functions):

   a) all significant deficiencies and material weaknesses in the design or
      operation of internal control over financial reporting which are
      reasonably likely to adversely affect the Registrant's ability to
      record, process, summarize and report financial information; and

   b) any fraud, whether or not material, that involves management or other
      employees who have a significant role in the Registrant's internal
      control over financial reporting.

/s/ JOHN P. O'SHEA                                             March 27, 2007
---------------------------------------
John P. O'Shea
Principal Executive Officer and
Principal Financial Officer
<PAGE>


                                                                Exhibit 32.1
                     Certification Pursuant to Section 906
                       of the Sarbanes-Oxley Act of 2002


In connection with the filing of the Annual Report on Form 10-KSB of Strategic
Acquisitions, Inc. (the "Company") for the year ended December 31, 2006 as filed
with the Securities and Exchange Commission, I, John P. O'Shea, President of the
Company certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge
and belief:

     1. The Report fully complies with the requirements of Section 13(a) or
        15(d) of the Securities Exchange Act of 1934, as amended, and

     2. The information contained in the Report fairly presents, in all material
        respects, the financial condition and results or operations of the
        Company.



/s/ JOHN P. O'SHEA                                               March 27, 2007
---------------------------------
John P. O'Shea
Principal Executive Officer and
Principal Financial Officer