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UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



FORM
10-QSB



(Mark
One)

[X]QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934

For
the quarterly period ended September 31, 2006

[
]TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For
the transition period from to

Commission
file number







_____________FalconTarget,
Inc._____________

(Exact
name of small business issuer as specified in its charter)



|Delaware                                                           | 34-1996523                              
|------------------------------------------------------------------ | ----------------------------------------
|(State
				or other jurisdiction of incorporation or organization) | (I.R.S.
				Employer Identification No.)



4201
Massachusetts Ave NW #8037C, Washington, DC 20016

(Address
of principal executive offices)            (Zip Code)



Issuer’s
telephone number (202)_364-8395_________________________



None

(Former
name, former address and former fiscal year, 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[
]



State
the number of shares outstanding of each of the issuer’s
classes of common equity, as of the latest practicable date:
22,000,000 shares of common stock without par value



Transitional
Small Business Disclosure Format (Check one): Yes[
]No[X]





Persons
who respond to the collection of information contained in this form
are not required to respond unless the form displays a currently
valid OMB control number.

Page 1

Table
of Contents

Part I – Financial Information	3 Item 1. Financial
	Statements.	3 Item 2.
	Management’s Discussion and Analysis.	7 Item 3. Controls
	and Procedures.	8 PART II	8 Item 1.  Legal
	Proceedings.	8 Item 2.  Changes
	in Securities and Use of Proceeds.	8 Item 3.  Defaults
	Upon Senior Securities.	8 Item 4.
	Submission of Matters to a Vote of Security Holders.	8 Item 5.  Other
	Information.	8 Item 6.  Exhibits
	and Reports on Form 8-K.	9


Forward Looking Statements In this filing references to
	"FalconTarget," "we," "us," and "our"
	refer to FalconTarget, Inc. of Delaware. This Form 10-QSB contains certain
	forward-looking statements.  For this purpose any statements
	contained in this Form 10-QSB that are not statements of historical
	fact may be deemed to be forward-looking statements. Without
	limiting the foregoing, words such as "may," "will,"
	"expect," "believe," "anticipate,"
	"estimate" or "continue" or comparable
	terminology are intended to identify forward-looking statements. By
	their nature these statements involve substantial risks and
	uncertainties, and actual results may differ materially depending on
	a variety of factors, many of which are not within our control.
	These factors include but are not limited to economic conditions
	generally and in the industries in which we may participate;
	competition within our chosen industry, including competition from
	much larger competitors; technological advances and failure by us to
	successfully develop business relationships or consummate a business
	transaction, as defined below.  Page 2 Part
	I – Financial Information Item 1. Financial Statements. FALCONTARGET INC.A DEVELOPMENT STAGE
	COMPANYBALANCE SHEETSEPTEMBER 30, 2006 AND JUNE 30, 2006 ASSETS CURRENT ASSETS:
				September 30, 2006
					(unaudited)
				June 30,2006(audited)CASH
				$	88
				$	88TOTAL
					CURRENT ASSETS
				88
				88TOAL
					ASSETS:
				$	88
				$	88 LIABILITIES AND
	STOCKHOLDERS' EQUITY CURRENT
					LIABILITIES:ACCOUNTS
					PAYABLE
				$
					     0
				$
					    0TOTAL
					CURRENT LIABILITIES
				0
				0LONG-TERM
					DEBT, NET OF CURRENT PORTION:LOAN
					FROM SHAREHOLDERS
				3,114
				3,114TOTAL
					LONG-TERM DEBT, NET OF CURRENT
					PORTION
				3,114
				3,114STOCKHOLDERS'
					EQUITY:COMMON
					STOCK, $0.000001 PAR VALUE; AUTHORIZED	100,000,000 SHARES;
					ISSUED AND OUTSTANDING: 	22,000,000 SHARES @.000001
				22
				22PAID-IN
					CAPITAL
				78
				78ACCUMULATED
					DEFICIT DURING DEVELOPMENT
					STAGE
				(3,126)
				(3,126)TOTAL
					STOCKHOLDERS' EQUITY
				(3,026)
				(3,026)EARNINGS
					PER SHARE:NET
					LOSS OF -1,370 AND 0; 22,000,000 	WEIGHTED AVERAGE NUMBER OF
					COMMON  	SHARES OUTSTANDING
				0
				(512)BASIC
					LOSS PER COMMON SHARE
				$0
				$(0.000023)TOTAL
					LIABILITIES AND STOCKHOLDERS' EQUITY
				$
					  88
				$
					    88 SEE ACCOMPANYING NOTES Page
	3 FALCONTARGET
	INC.A DEVELOPMENT STAGE COMPANYSTATEMENT OF INCOME
	(UNAUDITED)PERIODS ENDED SEPTEMBER 30, 2006 AND SEPTEMBER 30,
	2005 REVENUE
			Three
				months through9/30/2006
			Three
				months through9/30/2005
			From inception to
				9/30/2006INCOME
			0
			0
			0TOTAL
				REVENUE
			0
			0
			0COST
				OF SALES
			0
			0
			0TOTAL
				COST OF SALES
			0
			0
			0GROSS
				PROFIT
			0
			0
			0EXPENSESACCOUNTING
			0
			500
			2,760AUDIT
			0
			0
			0CORPORATE
				SEAL
			0
			0
			0DUES AND
				SUBSCRIPTIONS
			0
			0
			164FRANCHISE
				TAX
			0
			0
			0INCORPORATION
			0
			0
			0POSTAGE
			0
			0
			2PRINTING
				AND REPRODUCTION
			0
			0
			3STOCK
				CERTIFICATE
			0
			0
			0TAX
			0
			0
			185TOTAL
				EXPENSES
			0
			500
			3,114NET
				INCOME
			0
			(500)
			(3,114)CUMULATIVE
				REVENUES SINCE INCEPTION
			0CUMULATIVE
				EXPENSES SINCE INCEPTION
			3,126 SEE
	ACCOMPANYING NOTES Page
	4 FALCONTARGET
	INC.A DEVELOPMENT STAGE COMPANYSTATEMENT OF CASH FLOWS
	(UNAUDITED)PERIODS ENDED SEPTEMBER 30, 2006 AND SEPTEMBER 30,
	2005 Three
				months through9/30/2006
			Three
				months through9/30/2005
			From inception through
				9/30/2006CASH
				FLOW FROM OPERATING ACTIVITIESNET INCOME
			0
			(500)
			(3,126)ACCOUNTS
				PAYABLE
			0
			0
			0NET
				CASH PROVIDED BY (USED IN) OPERATIONS
			0
			(500)
			(3,126)CASH
				FLOW FROM INVESTING ACTIVITIESUSED FOR
			0
			0
			0NET
				CASH USED IN INVESTING
			0
			0
			0CASH
				FLOWS USED IN FINANCING ACTIVITIESPROCEEDS
				FROM:SHAREHOLDER'S
				LOAN
			0
			500
			3,114COMMON
				STOCK
			0
			0
			100USED
				FOR:SHAREHOLDER'S
				LOAN
			0
			0
			0COMMON
				STOCK
			0
			0
			0NET
				CASH PROVIDED BY FINANCING
			0
			500
			3,214NET
				INCREASE (DECREASE) IN CASH
			0
			0
			88SUMMARYCASH
				BALANCE AT END OF PERIOD
			100
			100
			88CASH
				BALANCE AT BEGINNING OF PERIOD
			100
			100
			0NET
				INCREASE (DECREASE) IN CASH
			0
			0
			88CUMULATIVE
				INFLOWS OF CASH SINCE INCEPTION
			100
			100
			100CUMULATIVE
				OUTFLOWS OF CASH SINCE INCEPTION
			12
			0
			12 SEE ACCOMPANYING
	NOTES AND AUDITOR'S REPORT Page
	5 FalconTarget,
	Inc.(A Development Stage Company)Notes to Audited Financial
	Statements for the three months period ended September 30th, 2006 NOTE 1. Summary of
	significant Business and Accounting Policies a. Organization The Company started
	operating as a blank check company on May 28, 2004. On October 6,
	2004, FalconTarget, Inc. (the “Company”) became a
	corporation by filing with the Delaware Secretary of State. The
	intent of the Company is to be a “blank check” company,
	or also referred to as a “shell” company. We shall be
	considered to be in the development stage because no business
	operations have commenced, and there has been no revenue. We believe
	that we will remain a development stage company until such time as
	significant revenues have been generated, which is not expected to
	happen until after we complete a Business Transaction. b. Cash As of the Date of the
	Audit, the Company has one bank account. Inventory As of the Date of the
	Audit, the Company has no Inventory. Property and
		Equipment As of the Date of the
	Audit, the Company has no Property and Equipment. e. Current Liabilities As of the Date of the
	Audit, the Company has no Current Liabilities. f. Long Term Liabilities The Company's Long Term
	Liability of Shareholder's Loan represents the money loaned by the
	Shareholders to the Company for the start-up costs of the
	corporation. This loan is non-interest bearing. g. Loss Per Share Loss per share amounts
	are based on the weighted average shares outstanding of 22,000,000
	as of September 30, 2006 and 22,000,000 as of September 30, 2005. h. Reclassification Reclassification of
	expenses and liabilities occurred at the data entry level due to the
	categories set up by the Shareholder's who submitted the
	information. It has no effect on the balance of any one total
	account. NOTE 2. Capitalization The Company has
	authorized the issuance of 100,000,000 shares of common stock having
	$0.000001 par value. Of those authorized, 22,000,000 have been
	issued and are outstanding.  Page
	6  NOTE
	3. Statement of Income As of the Date of the
	Audit, the Company has no Revenue or Cost of Sales. The expenses
	incurred as of the Date of the Audit are the start-up costs of the
	Company. NOTE 4. As of the Date of the
	Audit, the only activity affecting the Statement of Cash Flows were
	the start-up costs incurring the negative Net Income and the
	purchase of the Common Stock by the Shareholders giving the cash
	balance at the end of the period, as well as the ongoing costs of
	operating the blank check company. There are no payments for
	interest and income items. NOTE 6. Going Concern Due to the development
	stage of the Company and the substantial dependence on the success
	of a particular project, a “reverse merger”, the
	Company's chances for survival depend solely on the success of that
	“reverse merger”. NOTE 7. Management Plans
	and Intentions (Unaudited) As a “blank check”
	or “shell” company filing a Form 10-SB, the Company
	anticipates to engage in a reverse merger transaction with a private
	company, acquire assets or engage into other yet unspecified
	business or businesses. The term “reverse merger” refers
	to a transaction where a private company seeks public listing and
	becomes a publicly traded company. Item 2. Management’s
	Discussion and Analysis. We are a development-stage company
	with nominal assets only, and have had no operations since inception
	other than activities related to our formation and filing of
	registration statements. We have experienced operating losses since
	our inception and have not had any revenues. We anticipate to continue to incur
	expenses in connection with required filings with the SEC, including
	accounting and audit fees and franchise taxes. We rely on the
	support of our shareholders, Mr. Serge Atlan and Mr. Thomas
	Kirchner, to advance these expenses on our behalf. We do not plan to
	raise additional capital through the sale of equity securities. Our directors are seeking actively
	business transactions on our behalf. During the period covered by
	this report, discussions were held with one party that expressed an
	interest in a reverse merger with FalconTarget.  However, to date,
	no agreement has been signed, and our directors continue to search
	for alternative business transactions. No specific opportunity has
	been identified for a Business Transaction, and our management
	currently has no forecast for when or whether such a transaction can
	be consummated. In the event that a Business Transaction is
	consummated, we expect to incur additional expenses related thereto.
	Our directors have no business opportunity available to us at this
	time, and will continue to seek suitable transactions. Results of Operations During
	the three months from June 30th, 2006 through September
	30th, 2006, we have had no significant operations other
	than the filing of our quarterly report with the Securities and
	Exchange Commission. As a result of these operations we incurred a
	cumulative net loss of $3,126 since inception. Page 7 We are a “blank check”
	company, also often referred to as a “shell” company,
	whose purpose is to engage in a reverse merger transaction with a
	private company, acquire assets or engage into other yet unspecified
	business or businesses (a “Business Transaction”). Our
	business plan is to seek, investigate and, if such investigation
	warrants, acquire an interest in a business entity which desires to
	seek the perceived advantages of a corporation which has a class of
	securities registered under the Exchange Act. We will not restrict
	our search to any specific business, industry, or geographical
	location and we may participate in a business venture of virtually
	any kind or nature. Item 3. Controls and
	Procedures. Our management believes that given
	our small size and limited operations, our disclosure controls and
	procedures are adequate and effective. PART
	II Item 1.  Legal Proceedings. None. Item 2.  Changes in
	Securities and Use of Proceeds. None. Item 3.  Defaults Upon Senior
	Securities. None. Item 4.  Submission of
	Matters to a Vote of Security Holders. None. Item 5.  Other Information. None. Page 8   Item 6.  Exhibits and Reports
	on Form 8-K. (a) Exhibit 31.1: Section 302
	certification by Thomas Kirchner Exhibit 31.2: Section 302
	certification by Serge Atlan Exhibit 32.1: Section 906
	certification by Thomas Kirchner Exhibit 32.2: Section 906
	certification by Serge Atlan (b) None.  SIGNATURES In accordance with the requirements
	of the Exchange Act, the registrant caused this report to be signed
	on its behalf by the undersigned, thereunto duly authorized. FalconTarget Corporation  By: /s/ SERGE ALTAN Serge Atlan, Chairman November 10, 2006  By: /s/ THOMAS KIRCHNER Thomas Kirchner, CEO November 10, 2006 Page
	9