U.S.
SECURITIES AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-Q





[X]
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE


SECURITIES
EXCHANGE ACT OF 1934





For the
quarterly period ended March 31, 2010





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


SECURITIES
EXCHANGE ACT OF 1934





For
the transition period from __________ to ____________





Commission
File Number 000-49752





SIN Holdings,
Inc.


(Exact
name of small business issuer in its charter)





Colorado
            
            84-15070556(State
      of incorporation)
            
            (I.R.S.
      Employer Identification No.)





2789 S.
Lamar Street, Denver, CO  80227


(Address
of principal executive offices)





(303)
763-7527


(Issuer’s
telephone number, including area code)





Securities
registered under Section 12(g) of the Exchange Act:





Common Stock, $0.001 par
value





Securities
registered under Section 12(b) of the Exchange Act:





None





Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days.     Yes    [X]     
No    [   ]







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










Large
      accelerated filer  [   ]
            
            Accelerated
      filer   [   ]Non-accelerated
      filer [   ]
              (Do
      not check if a smaller reporting company)
            
            Smaller
      reporting
company [X]








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





The
Company had 7,278,000 shares of its $.001 par value common stock outstanding as
of May 17, 2010.














FORM
10-Q


SIN
HOLDINGS, INC.


INDEX





PART
      I.
            
            FINANCIAL
      INFORMATION
            PageItem
      1.
            Financial
      Statements (unaudited)
            3Consolidated
      Balance Sheets, March 31, 2010 (unaudited) and December 31,
      2009
            4Unaudited
      Consolidated Statements of Operations for the three months ended March 31,
      2010 and 2009
            5Unaudited
      Consolidated Statements of Cash Flows for the three months ended March 31,
      2010 and 2009
            6Notes
      to Financial Statements
            7Item
      2.
            Management’s
      Discussion and Analysis of Financial Condition
            14Item
      3.
            Quantitative
      and Qualitative Disclosures About Market Risk
            17Item
      4.
            Controls
      and Procedures
            17PART
      II.
            
            OTHER
      INFORMATIONItem
      1.
            Legal
      Proceedings
            18Item
      1A.
            Risk
      Factors
            18Item
      2.
            Unregistered
      Sales of Equity Securities and Use of Proceeds
            18Item
      3.
            Defaults
      Upon Senior Securities
            18Item
      4.
            Submission
      of Matters to a Vote of Security Holders
            18Item
      5.
            Other
      Information
            18Item
      6.
            Exhibits
            18Signatures
            18








ITEM 1. FINANCIAL
STATEMENTS.




The
financial statements for the quarter ended March 31, 2010 immediately
follow.





SIN
      HOLDINGS, INC. AND SUBSIDIARYCONSOLIDATED
      BALANCE SHEETS(UNAUDITED)March
      31,2010
              
              
              December
      31,(Unaudited)
              
              
              2009ASSETSCurrent
      AssetsCash
      and Cash Equivalents
              
              $
              308
              
              
              $
              489Total
      Current Assets
              
              
              308
              
              
              
              489Other
      AssetsGoodwill
      (Net of accumulated amortization of  $616)
              
              
              5,071
              
              
              
              5,071Total
      Other Assets
              
              
              5,071
              
              
              
              5,071TOTAL
      ASSETS
              
              $
              5,379
              
              
              $
              5,560LIABILITIES
      AND STOCKHOLDERS' EQUITY (DEFICIT)Current
      LiabilitiesAccounts
      Payable
              
              
              75
              
              
              
              1,625Loan
      from Shareholder
              
              
              89,000
              
              
              
              -Notes
      Payable - Offering
              
              
              18,800
              
              
              
              -Accrued
      Interest - Shareholder Loan
              
              
              11,925
              
              
              
              -Accrued
      Interest - Offering Notes
              
              
              493
              
              
              
              2,000Total
      Current Liabilities
              
              
              120,293
              
              
              
              3,625Long
      Term LiabilitiesLoan
      from Shareholder
              
              
              -
              
              
              
              85,000Accrued
      Interest - Shareholder Notes
              
              
              -
              
              
              
              11,058Notes
      Payable - Offering
              
              
              -
              
              
              
              18,800Total
      Long Term Liabilities
              
              
              -
              
              
              
              114,858Stockholders'
      Equity (Deficit)Preferred
      Stock, $0.001 par value; 100,000,000 sharesauthorized;
      100,000 shares issued and outstanding atMarch
      31, 2010 and December 31, 2009, respectively
              
              
              100
              
              
              
              100'Common
      Stock, $0.001 par value; 400,000,000 shares'authorized;
      7,278,000 shares issued and outstandingat
      March 31, 2010 and December 31, 2009, respectively
              
              
              7,278
              
              
              
              7,278'Additional
      Paid In Capital
              
              
              15,411
              
              
              
              15,186Accumulated
      Deficit
              
              
              (137,703
              )
              
              
              (135,487
              )Total
      Stockholders' Deficit
              
              
              (114,914
              )
              
              
              (112,923
              )TOTAL
      LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT )
              
              $
              5,379
              
              
              $
              5,560The
      Accompanying notes are an integral part of the consolidated financial
      statements








SIN
      HOLDINGS, INC. AND SUBSIDIARYCONSOLIDATED
      INCOME STATEMENTS(UNAUDITED)March
      31,
              
              
              March
      31,2010
              
              
              2009REVENUES'Net
      Subscriptions
              
              $
              -
              
              
              $
              -EXPENSESBank
      Service Charges
              
              
              3
              
              
              
              3ISP
              
              
              300
              
              
              
              300Miscellaneous
              
              
              -
              
              
              
              413Professional
      Fees
              
              
              -
              
              
              
              6,062Postage
              
              
              28
              
              
              
              -Rent
              
              
              225
              
              
              
              225Transfer
      Fees
              
              
              300
              
              
              
              250Operating
      expenses
              
              
              856
              
              
              
              7,253LOSS
      FROM OPERATIONS
              
              
              (856
              )
              
              
              (7,253
              )OTHER
      INCOME (EXPENSE)Finance
      Charges
              
              
              -
              
              
              
              (2
              )Loan
      Interest
              
              
              (1,360
              )
              
              
              (1,232
              )TOTAL
      OTHER INCOME (EXPENSE)
              
              
              (1,360
              )
              
              
              (1,234
              )NET
      LOSS BEFORE TAXES
              
              
              (2,216
              )
              
              
              (8,487
              )INCOME
      TAX EXPENSE
              
              
              -
              
              
              
              -NET
      LOSS
              
              $
              (2,216
              )
              
              $
              (8,487
              )NET
      INCOME PER SHARE - BASIC
              
              $
              (0.00
              )
              
              $
              (0.00
              )WEIGHTED
      AVERAGE NUMBER OFSHARES
      OUTSTANDING
              
              
              7,278,000
              
              
              
              7,278,000The
      accompanying notes are an integral part of the consolidated financial
      statements





SIN
      HOLDINGS, INC. AND SUBSIDIARYCONSOLIDATED
      STATEMENTS OF CASH FLOWS(UNAUDITED)For
      the three months endedMarch
      31,
              
              
              March
      31,2010
              
              
              2009CASH
      FLOWS FROM OPERATING ACTIVITIES'Net
      loss
              
              $
              (2,216
              )
              
              $
              (8,487
              )Adjustments
      to reconcile net loss to net cashRent
              
              
              225
              
              
              
              225Increase
      (Decrease) in Accounts Payable
              
              
              (1,550
              )
              
              
              5,827Increase
      (Decrease) in Accrued Interest on Notes Payable - Offering
              
              
              (1,507
              )
              
              
              (1,543
              )Increase
      (Decrease) in Accrued Interest - Shareholder Notes
              
              
              867
              
              
              
              729Net
      Cash Flows from Operating Activities
              
              
              (4,181
              )
              
              
              (3,249
              )CASH
      FLOWS FROM FINANCING ACTIVITIESLoan
      from Shareholder
              
              
              4,000
              
              
              
              3,000'Net
      Cash Fows from Financing Activities
              
              
              4,000
              
              
              
              3,000NET
      INCREASE (DECREASE) IN CASH
              
              
              (181
              )
              
              
              (249
              )AND
      CASH EQUIVALENTSCASH
      AND CASH EQUIVALENTS,BEGINNING
      OF PERIOD
              
              
              489
              
              
              
              859END
      OF PERIOD
              
              $
              308
              
              
              $
              610SUPPLEMENTAL
      DISCLOSURE OF CASH FLOWS INFORMATIONCash
      paid during the quarter for Interest
              
              $
              2,000
              
              
              $
              2,046Income
      Taxes
              
              $
              -
              
              
              $
              -SUPPLEMENTAL
      DISCOUSRE OF NON-CASH INVESTING ANDFINANCING
      ACTIVITIES : NONEThe
      accompanying notes are an integral part of the consolidated financial
      statements








SIN
HOLDINGS, INC. AND SUBSIDIARY


NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS





March
31, 2010





NOTE
A - SUMMARY OF ACCOUNTING POLICIES




Management’s
Representation of Interim Financial Information






SIN
Holdings, Inc. has prepared the accompanying financial statements without audit
pursuant to the rules and regulations of the Securities and Exchange
Commission.  Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted as allowed by such rules
and regulations, and management believes that the disclosures are adequate to
make the information presented not misleading.  These financial
statements include all of the adjustments that, in the opinion of management,
are necessary to a fair presentation of financial position and results of
operations.  All such adjustments are of a normal and recurring
nature.  These financial statements should be read in conjunction with
the audited financial statements at December 31, 2009 included in the Annual
Report on Form 10-K and associated amendments for the year then
ended.  The results of operations for the periods presented are not
necessarily indicative of the results we expect for the full year.




Description
of Business





SIN
Holdings, Inc. (the "Company") was incorporated under the laws of the State of
Colorado on November 27, 2000.  SIN Holdings, Inc. is 82.44% owned
subsidiary of Desert Bloom Investments, Inc. Desert Bloom Investments, Inc.’s
sole shareholder and director is also the sole director of SIN Holdings, Inc.
(See Footnote C).





The
Company was founded to develop a web portal listing the providers of senior
resources across the United States by the community in which those services are
provided, thus enabling the seeker of these resources to be able to access this
information in an easy manner without becoming sidetracked into non-relevant
avenues on the World Wide Web.





Accounting
Method





The
Company records income and expense on the accrual method.





Revenue
Recognition





The
Company sells web sites and advertising to providers of senior
resources.  Revenue is recognized when earned.  In cases
where customers prepay an entire year, revenue is recognized in equal monthly
installments.





Fiscal
Year





The
Company has selected a December 31 fiscal year end.





Organization
Costs





The
Company has charged organization costs to operations in the period
incurred.





Impairment
or Disposal of Long-Lived Assets





The
Company has implemented the Financial Accounting Standards Board (“FASB”)
Statement No. 144, “Accounting for the Impairment or Disposal of Long-Lived
Assets” (“SFAS 144”).  SFAS 144 clarified the accounting for the
impairment of long-lived assets and for long-lived assets to be disposed of,
including the disposal of business segments and major lines of
business.  Long-lived assets are reviewed when facts and circumstances
indicate that the carrying value of the asset may not be
recoverable.  When necessary, the Company writes down impaired assets
to estimated fair value based on the best information available.  The
Company generally bases estimated fair value on either appraised value or
measured by discounting estimated future cash flows.  Considerable
management judgment is necessary to estimate discounted future cash
flows.  Accordingly, actual results could vary significantly from such
estimates.





The
Company did not record impairment for the three months ending March 31,
2010.








NOTE
A - SUMMARY OF ACCOUNTING POLICIES (Continued)




Amortization




The FASB
issued Statement No. 142, “Goodwill and Other Intangible Assets,” (“SFAS 142”)
which provides, among other things, for the non-amortization of goodwill and
intangible assets with indefinite useful lives.  The Company adopted
SFAS 142 effective January 1, 2002.  Goodwill and intangible assets
deemed to have an indefinite useful life will be subject to an annual review for
impairment using fair value measurement techniques upon adoption (January 1,
2002) and annually thereafter.  The Company will perform its annual
impairment review during the fourth quarter each year.  During the
fourth quarter of 2009, the Company completed its impairment review and
determined that goodwill was not impaired.





Recent
Accounting Standards





In
October 2009, the Financial Accounting Standards Board (“FASB”) issued
Accounting Standards Update 2009-13 (ASU 2009-13), which provided an update to
ASC 605.  ASU 2009-13 addresses how to separate deliverables and how
to measure and allocate arrangement consideration to one or more units of
accounting in multiple-deliverable arrangements.  The amendments in
this update will be effective prospectively for revenue arrangements entered
into or materially modified in fiscal years beginning on or after June 15,
2010.  The Company is currently evaluating the impact that this update
will have on its Financial Statements.





In June
2009, the FASB created the Accounting Standards Codification, which is codified
as ASC 105.  ASC 105 establishes the codification as the single
official non-governmental source of authoritative accounting principles (other
than guidance issued by the SEC) and supersedes and effectively replaces
previously issued GAAP hierarchy framework.  All other literature that
is not part of the codification will be considered
non-authoritative.  The codification is effective for interim and
annual periods ending on or after September 15, 2009.  The Company has
applied the codification, as required, beginning with the 2009 Form
10-K.  The adoption of the codification did not have a material impact
on the Company’s financial position, results of operations or cash
flows.





In June
2009, the FASB updated ASC 855, which established principles and requirements
for subsequent events.  This guidance details the period after the
balance sheet date which the Company should evaluate events or transactions that
may occur for potential recognition or disclosure in the financial statements,
the circumstances under which the Company should recognize events or
transactions occurring after the balance sheet date in its financial statements
and the required disclosures for such events.  ASC 855 is effective
for interim and annual periods ending after June 15, 2009.  The
implementation of ASC 855 did not have a material effect on the Company’s
financial statements.  The Company adopted ASC 855, and has evaluated
all subsequent events through May 17, 2010.





In April
2009, the FASB updated ASC 820 to provide additional guidance for estimating
fair value when the volume and level of activity for the asset or liability have
decreased significantly.  ASC 820 also provides guidance on
identifying circumstances that indicate a transaction is not
orderly.  The implementation of ASC 820 did not have a material effect
on the Company’s financial statements.





In April
2009, the FASB updated ASC 825 regarding interim disclosures about fair value of
financial instruments.  ASC 825 requires disclosures about fair value
of financial instruments in interim reporting periods of publicly traded
companies that were previously only required to be disclosed in annual financial
statements.  The implementation of ASC 825 did not have a material
effect on the Company’s financial statements.





In April
2009, the FASB updated ASC 320 for proper recognition and presentation of
other-than-temporary impairments.  ASC 320 provides additional
guidance designed to create greater clarity and consistency in accounting for
and presenting impairment losses on securities.  The implementation of
ASC 320 did not have a material effect on the Company’s consolidated financial
statements.





Financial
Instruments





Unless
otherwise indicated, the fair value of all reported assets and liabilities that
represent financial instruments (none of which are held for trading purposes)
approximate the carrying values of such amount.








NOTE
A - SUMMARY OF ACCOUNTING POLICIES (Continued)









Loss
Per Share




Basic
loss per share has been computed by dividing the loss for the period applicable
to the common stockholders’ by the weighted average number of common shares
outstanding during the period.  There were no common equivalent shares
outstanding during the period ended March 31, 2010.





Statements
of Cash Flows





For
purposes of the consolidated statements of cash flows, the Company considers all
highly liquid debt instruments purchased with an original maturity date of three
months or less to be cash equivalents.




Concentration
of Credit Risk





The
Company has no significant off balance sheet concentrations of credit risk such
as foreign exchange contracts, options contracts or other foreign hedging
arrangements.  The Company had cash and cash equivalents of $308 and
$489 as of March 31, 2010 and December 31, 2009 all of which was fully covered
by federal depository insurance.





Use
of Estimates





The
preparation of the Company’s consolidated financial statements in conformity
with generally accepted accounting principles requires the Company’s management
to make estimates and assumptions that affect the amounts reported in these
consolidated financial statements and accompanying notes.  Actual
results could differ from those estimates.





Consideration
of Other Comprehensive Income Items





SFAS 130
— Reporting Comprehensive Income, requires companies to present comprehensive
income (consisting primarily of net income plus other direct equity changes and
credits) and its components as part of the basic consolidated financial
statements.  For the three months ended March 31, 2010, the Company’s
consolidated financial statements do not contain any changes in equity that are
required to be reported separately in comprehensive income.





Income
Taxes





The
Company accounts for income taxes under the provisions of SFAS No. 109,
“Accounting for Income taxes.”  SFAS No. 109 requires recognition of
deferred income tax assets and liabilities for the expected future income tax
consequences, based on enacted tax laws, of temporary differences between the
financial reporting and tax bases of assets and liabilities.





Reclassification





Certain
reclassifications have been made in the 2009 financial statements to conform to
the March 31, 2010 presentation.





Stock
Basis





Shares of
both common and preferred stock issued for other than cash have been assigned
amounts equivalent to the fair value of the service or assets received in
exchange.





Principles
of Consolidation





The
consolidated financials statements for the three months ended March 31, 2010
include the accounts of SIN Holdings, Inc. and its wholly owned subsidiary,
Senior-Inet.  Intercompany transactions and balances have been
eliminated in consolidation and combination.











NOTE
A - SUMMARY OF ACCOUNTING POLICIES (Continued)





Mitigation
of Going Concern Uncertainty




The
Company has experienced recurring losses resulting primarily from the costs of
periodic reporting with the Securities and Exchange Commission and related
administrative expenses.  These negative operating cash flows were
funded with loans from the Company's majority shareholder.  As
discussed in note C, the Company owes a total of $89,000 to its majority
shareholder that matures in 2010.  Furthermore, the Company has
outstanding notes and accrued interest totaling $18,800 to unrelated parties
that mature February 19, 2011.  Subsequent to year-end, the Company's
majority shareholder agreed to provide funding for the operational expenses for
the 2010 fiscal year.








NOTE
B - STOCKHOLDERS' EQUITY





Preferred
Stock





The
Company is authorized to issue up to 100,000,000 shares of preferred
stock.  The preferred stock is non-voting, and has priority in
liquidation over outstanding common shares.  During the period ended
December 31, 2000, the Company issued 100,000 shares of its preferred stock for
$9,000 cash to Desert Bloom Investments, Inc., which is owned by the Company’s
President, Steve Sinohui.  As of March 31, 2010, 100,000 shares of the
Company’s preferred stock were issued and outstanding.





Common
Stock





The
Company is authorized to issue up to 400,000,000 shares of common
stock.  During the period ended December 31, 2000, the Company issued
6,000,000 shares of its common stock for $6,000 cash to Desert Bloom
Investments, Inc., which is owned by the Company’s President.  On
February 19, 2002, the Company completed an offering and issued 1,278,000 shares
of common stock to 17 persons for $1,278 in cash.  As of March 31,
2010, 7,278,000 shares of the Company’s $0.001 par value common stock were
issued and outstanding.





NOTE
C - RELATED PARTY TRANSACTIONS





The
Company’s sole executive officer, director and shareholder is providing office
space at no charge to the Company.  For purposes of the financial
statements, the Company is accruing $75 per month as additional paid-in capital
for this use.





During
the period ended December 31, 2000, the Company issued 100,000 shares of its
preferred stock for $9,000 cash to Desert Bloom Investments, Inc.





During
the period ended December 31, 2000, the Company issued 6,000,000 shares of its
common stock for $6,000 cash to Desert Bloom Investments, Inc.








NOTE
C - RELATED PARTY TRANSACTIONS (Continued)





As of
March 31, 2010, the Company has received 27 loans from the controlling
shareholder of the Company, Desert Bloom Investments.  The aggregate
amount of the notes total $89,000.  The notes bear no interest unless
not paid, in which case interest will be charged at the rate of 10%
annually.  The notes mature on December 31, 2010.  The table
below reflects the issue date of the notes, the principal amount and the current
maturity date:








ISSUED
      DATE
            
            PRINCIPAL
      AMOUNT
            
            MATURITY
      DATENovember
      30, 2001
            
            $
      1,500
            
            December
      31, 2010March
      28, 2003
            
            $
      5,000
            
            December
      31, 2010June
      25, 2003
            
            $
      3,000
            
            December
      31, 2010December
      31, 2003
            
            $
      2,500
            
            December
      31, 2010July
      9, 2004
            
            $
      3,000
            
            December
      31, 2010November
      15, 2004
            
            $
      2,500
            
            December
      31, 2010January
      25, 2005
            
            $
      5,000
            
            December
      31, 2010August
      4, 2005
            
            $
      1,000
            
            December
      31, 2010December
      15, 2005
            
            $
      1,500
            
            December
      31, 2010January
      9, 2006
            
            $
      5,000
            
            December
      31, 2010March
      13, 2006
            
            $
      2,000
            
            December
      31, 2010May
      1, 2006
            
            $
      1,000
            
            December
      31, 2010June
      15, 2006
            
            $
      5,000
            
            December
      31, 2010November
      15, 2006
            
            $
      2,000
            
            December
      31, 2008December
      29, 2006
            
            $
      5,000
            
            December
      31, 2010February
      9, 2007
            
            $
      2,000
            
            December
      31, 2010April
      30, 2007
            
            $
      3,000
            
            December
      31, 2010November
      13, 2007
            
            $
      6,000
            
            December
      31, 2010January
      8, 2008
            
            $
      5,000
            
            December
      31, 2010June
      17, 2008
            
            $
      6,000
            
            December
      31, 2010September
      11, 2008
            
            $
      5,000
            
            December
      31, 2010January
      7, 2009
            
            $  3,000
            
            December
      31, 2010April
      3, 2009
            
            $  1,000
            
            December
      31, 2010May
      7, 2009
            
            $  7,000
            
            December
      31, 2010December
      11, 2009
            
            $  2,000
            
            December
      31, 2010January
      15, 2010
            
            $  3,500
            
            December
      31, 2010February
      16, 2010
            
            $     500
            
            December
      31, 2010





Although
Mr. Sinohui has agreed to donate his services to the Company, we intend to
compensate Mr. Sinohui with sales commissions on each subscriber he
enrolls.  The Company plans to pay Mr. Sinohui a commission equal to
20% of the gross annualized contract value from each new subscriber, payable
monthly over the term of the subscriber’s agreement with the
Company.  To date, the Company has not paid any commissions to Mr.
Sinohui.





NOTE
D – UNCERTAIN TAX POSITIONS





Effective
January 1, 2007, the Company adopted the provisions of FASB Interpretation No.
48, “Accounting for Uncertainty in Income Taxes – an interpretation of FASB
Statement No. 109” (“FIN 48”).  FIN 48 prescribes a recognition
threshold and a measurement attribute for the financial statement recognition
and measurement of tax positions taken or expected to be taken in a tax
return.  For those benefits to be recognized, a tax position must be
more-likely-than-not to be sustained upon examination by taxing
authorities.  The adoption of the provisions of FIN 48 did not have a
material impact on the company’s condensed consolidated financial position and
results of operations.  At January 1, 2008, the company had no
liability for unrecognized tax benefits and no accrual for the payment of
related interest.





Interest
costs related to unrecognized tax benefits are classified as “Interest expense,
net” in the accompanying consolidated statements of
operations.  Penalties, if any, would be recognized as a component of
“Selling, general and administrative expenses”.  The Company
recognized $0 of interest expense related to unrecognized tax benefits during
2009.  In many cases, the company’s uncertain tax positions are
related to tax years that remain subject to examination by relevant tax
authorities.








NOTE
D – UNCERTAIN TAX POSITIONS (Continued)





With few
exceptions, the company is generally no longer subject to U.S. federal, state,
local or non-U.S. income tax examinations by tax authorities for years before
2004.  The following describes the open tax years, by major tax
jurisdiction, as of January 1, 2009.





United
      States (a)
            
            2006–
      Present





(a)
Includes federal as well as state or similar local jurisdictions, as
applicable.





NOTE
E - INCOME TAXES





The
Company has net operating loss carryforwards of approximately $137,305 that may
be offset against future table income through 2029.  Current tax laws
limit the amount of loss available to be offset against future taxable income
when a substantial change in ownership occurs.  Therefore, the amount
available to offset future taxable income may be limited.





2009
            
            
            2008Net
      Operating Losses
            
            $
            45,930
            
            
            $
            39,858Valuation
      Allowance
            
            $
            (45,930
            )
            
            $
            (39,858
            )Total
            
            $
            -
            
            
            $
            -





The
provision for income taxes differ from the amount computed using the Federal US
statutory income tax rate as follows:





2009
            
            
            2008Provisions
      (Benefit) at US Statutory Rate
            
            $
            6,072
            
            
            $
            6,689Increase
      (Decrease) in Valuation Allowance
            
            $
            (6,072
            )
            
            $
            (6,689
            )Other
      Differences
            
            $
            0
            
            
            $
            0Total
            
            
            -
            
            
            
            -





The
Company evaluates its valuation allowance requirements based on projected future
operations.  When circumstances change and causes a change in
management's judgment about the recoverability of deferred tax assets, the
impact of the change on the valuation is reflected in current
income.





NOTE
F - OFFERING OF DEBT AND EQUITY SECURITIES





On
December 14, 2001, SIN Holdings, Inc. commenced an offering of Units pursuant to
the Securities Act of 1933 and Regulation A promulgated
thereunder.  Each Unit had an offering price of $100 and consisted of
one three-year promissory note in the principal amount of $94 with simple
interest at 10.64% per annum, plus 6,000 shares of common stock offered at
$0.001 per share (an aggregate price of $6.00 for the 6,000
shares).  Price per share for the common stock was determined in
reference to the previous sale of common stock for cash.




The
Company closed its offering February 19, 2002 after receiving subscriptions for
213 Units, or an aggregate of $20,022 in Promissory Notes.  The
maturity date of the promissory notes is three years from the date of the
closing of the offering for the sale of the minimum units offered (200 units),
or February 19, 2005.  The notes became due on February 19,
2005.  The Company entered into extension agreements with all but two
of the Note Holders.  The Note Holders agreed to extend the notes
until February 19, 2007.  The Company repaid the two Note Holders that
did not return their extension agreements.  On January 30, 2007, the
Company again requested the Note Holders to extend their promissory notes for
another two years.  Of the 15 Note Holders, eight chose to extend
their notes.  The principal amount of the notes that were extended
until February 19, 2009 aggregated $19,176.  The Company repaid the
seven Note Holders that elected not to extend their notes.  On
December 15, 2008, the company entered into extension agreements with four of
the eight remaining Note Holders.  The Note Holders agreed to extend
the notes until February 19, 2011.  The four Note Holders that did not
return the extension agreements were paid accrued interest from January 1, 2009
through June 30, 2009, plus principal.  These principal payments
aggregate $376 and accrued interest on this amount through June 30, 2009 was
$19.84.  As of March 31, 2010, the Company owed $493 in interest on
the notes.





The
Company incurred a total of $12,939 in professional fees directly related to the
offering, which were offset against additional paid in capital.








NOTE
F - OFFERING OF DEBT AND EQUITY SECURITIES (Continued)





In
January of 2001, the Company retained an attorney to begin work on the
preparation of a registration statement.  The work done by this
attorney went uncompleted and the Company discontinued its relationship with the
attorney.  The fees paid to this attorney had been booked as deferred
offering expenses.  In July of 2001, the Company retained a new
attorney to prepare its registration statement, which the Company subsequently
filed with the Securities and Exchange Commission.  All expenses
associated with the new attorney were charged to deferred offering
costs.  The deferred offering costs of $17,531, presented on the
December 31, 2001 balance sheet consisted of the legal fees associated with the
work of the Company’s first attorney and of the legal and accounting costs
associated with the Form 1-A Registration Statement.




When the
Company closed its Registration A offering on February 19, 2002, the expenses
that were associated with the first attorney were deemed not part of the costs
directly associated with the proceeds of the offering and were expensed in the
first quarter (rather than written against paid in capital).  The
costs directly related to the proceeds received from the Registration A offering
were $12,939 and were charged against additional paid in capital when the
offering closed.






NOTE
G – SUBSEQUENT EVENTS






The
Company evaluated all events subsequent to March 31, 2010 through May 17, 2010,
the financial statement issuance date, and concluded that there are no
significant or material transactions to be reported for the period from April 1,
2010 to May 17, 2010









ITEM
2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR
PLAN OF OPERATION






FORWARD-LOOKING
STATEMENT NOTICE






When used
in this report, the words “may,” “will,” “expect,” “anticipate,” “continue,”
“estimate,” “project,” “intend,” and similar expressions are intended to
identify forward-looking statements within the meaning of Section 27a of the
Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934
regarding events, conditions, and financial trends that may affect the Company’s
future plans of operations, business strategy, operating results, and financial
position.  Persons reviewing this report are cautioned that any
forward-looking statements are not guarantees of future performance and are
subject to risks and uncertainties.  Further, persons reviewing this
report are advised that actual results may differ materially from those included
within the forward-looking statements because of various factors such
as:




§
            the
      Company’s limited revenues and earnings to date and its possible inability
      to achieve meaningful revenues or earnings in the near
    future;


§
            the
      Company has limited assets and working capital and may not be able to
      continue in operation without the infusion of additional
      capital;


§
            our
      expectation to incur losses through the first half of
  2010;


§
            we
      may need to raise additional funds and these funds may not be available to
      us when we need them we may need to change our business plan, sell or
      merger our business or face
bankruptcy;


§
            we
      do not expect to increase our revenues and earnings significantly until we
      increase our customer base;


§
            we
      may enter into a merger or acquisition transaction in which our
      shareholders incur substantial dilution of their ownership
      interests;


§
            we
      must enter into strategic relationships to help promote our web site and,
      if we fail to develop, maintain or enhance these relationships, we may not
      be able to attract and retain customers, generate adequate traffic to our
      site, build our brand and enhance our sales and marketing
      capabilities;


§
            the
      success of our business depends on selling web pages and access to our web
      site to a large number of providers of senior services that are listed on
      our online database;


§
            competition
      from traditional and online providers of senior resource information may
      result in price reductions and decreased demand for advertising on our web
      site;


§
            we
      may be unable to adequately protect or enforce our intellectual property
      rights, which may have a detrimental effect on our
    business;


§
            we
      face the risk of systems interruptions and capacity constraints on our web
      site, possibly resulting in losses of revenue, erosion of customer trust
      and adverse publicity;


§
            our
      systems and operations, and those of our customers, are vulnerable to
      natural disasters and other unexpected problems, which could reduce
      customer satisfaction and traffic to our web site and harm our sales;
      and,


§
            the
      limited time commitment or the loss of the services of Steve Sinohui, the
      sole executive officer and director of the Company could have a negative
      impact on our business.







OUR
HISTORY AND BUSINESS




SIN
Holdings, Inc. and our wholly owned subsidiary, Senior-Inet, Inc. (collectively,
the “Company”), were both organized under the laws of the State of Colorado on
November 27, 2000.  SIN Holdings, Inc. is 82.44% owned by Desert Bloom
Investments, Inc., which our President, Steve Sinohui owns.  We
conduct all our business through Senior-Inet, Inc. (“Senior-Inet”).




Currently,
the Company owns and operates www.senior-inet.com,
a web portal for senior resources.  Our portal lists service providers
categorically by geographic location, allowing users to access information
quickly and efficiently.  Presently, we list resources in 10 cities in
Colorado and in Houston, Texas.  We designed our portal so that users
could gather information from a variety of companies offering the same
service.  We developed our current network of senior service providers
with the assistance of local agencies serving senior citizens, through telephone
listings and other web sites.  Our portal provides seniors access to
information concerning the following categories:




°
            Adult
      day care;°
            Alzheimer‘s
      care;°
            Banking;°
            Care
      management;°
            Funeral
      services;°
            Health
      care;°
            Hospice
      care;°
            Housing,
      including retirement, assisted living and skilled
  nursing;°
            Rehabilitation;°
            Senior
      Centers; and°
            Travel
      Services.




To enter
a geographic area, we will develop a list of senior resources in that area and
then ascertain whether those providers already have an Internet
presence.  If they do, we will contact the providers and offer them
the opportunity to attach a link from our portal to their web
site.  Even though the customer may have a web site already, having a
listing on a senior resource network (such as Senior-Inet) improves their
exposure.  Currently, the Company’s site is ranked fairly high (number
two on our last search) when you “Google” the term “senior
information.”  The primary reason the Company is ranked high for this
search, is because of our web site’s name – Senior Information
Network.  Management believes that its current ranking on Google is a
great selling tool in convincing customers who already have web sites to link
their sites to ours.




If the
provider does not have an Internet presence, we can offer to create a web page
on our portal for them.  By developing an Internet presence for the
provider, we can potentially provide them the opportunity to cost effectively
and efficiently introduce their sales and marketing materials to a wider base of
prospective clients.  If the senior service provider elects to
purchase a web page, we will enter into a six or 12-month contract with the
provider that includes the initial design cost of the web page and a monthly fee
for maintenance of the page.




To date,
the sale of web pages that we design and maintain for senior service providers
listed on our site have accounted for all of our revenues.  Currently,
we do not have contracts with any of the facilities or services listed on our
website.  Because of increased competition within the marketplace, the
Company’s president has been considering reshaping the business
model.  If the president decides to pursue a different business model,
the Company would focus on creating a forum where seniors can interact and share
information regarding issues that are pertinent to today’s
seniors.  We may decide to discontinue or modify our current strategy
of selling web sites to senior service providers.




Our
original intent was to grow the Company slowly by increasing the number of
providers as well as geographic locations on our portal.  We had
planned to do that solely through the efforts of our President, Steve
Sinohui.  However, over the last year, Mr. Sinohui’s time has been
divided between a variety of projects, including the Company, and he has not
been able to afford the Company the attention it needs to increase substantially
its subscriber base.  Management believes that to grow the Company it
needs to bring on independent contractors as sales people to increase its
subscriber base.







Based on
our existing business model, our growth strategy is simple.  To
generate revenues, we must add subscribers to our site as well as to increase
the number of cities for which we provide listings.  Since inception,
we have focused our marketing efforts in Colorado since we can increase our
presence and begin to build brand awareness without incurring substantial
increases in our operating expenses.  As capital resources permit, we
plan to expand our listings into other geographic regions.  However,
when we attempt to expand into additional markets, our operating costs will
increase and we will probably incur losses from operations until we have grown
revenue to a level well in excess of our marketing and selling
expenses.  Presently, our monthly operating expenses are limited and
we plan to add subscribers in Colorado without materially increasing our
expenses.  We can give no assurances regarding these plans and you
should not expect that we would achieve them.





Additionally,
Mr. Sinohui has been considering reshaping the business
model.  Today’s seniors are living longer and beginning to face issues
that seniors have not had to deal with in the past (i.e. raising grandchildren,
dating, continuing to work after retirement, running out of
money).  Management believes that the marketplace does not offer a
forum where seniors can share their experiences, gather information or gain
access to resources to help them deal with these issues.  To respond
to this need, the Company may add more categories to its current listing that
will address issues other than housing, travel and medical
care.  Also, the Company may focus on providing a forum where not only
can seniors and families gather information pertinent to their situations but
where seniors can interact with each other in a variety of different ways
including, but not limited to: (1) sharing information about issues facing
today’s seniors; (2) buying and selling new and used, senior-specific products
online; (3) meeting other seniors online; and, (4) getting access to resources
to help seniors start entrepreneurial ventures or provide
mentoring.




Steve S.
Sinohui, the sole executive officer and director and the controlling shareholder
of SIN Holdings and the President, the Secretary, the Treasurer and the sole
director of Senior-Inet, is employed on a part time basis by both
companies.  Although Mr. Sinohui has agreed to donate his services to
the Company, we intend to compensate Mr. Sinohui with sales commissions on each
subscriber he enrolls.  The Company plans to pay Mr. Sinohui a
commission equal to 20% of the gross annualized contract value from each new
subscriber, payable monthly over the term of the subscriber’s agreement with the
Company.






Except
for part time marketing and sales employees and consultants as needed, we do not
intend to employ any individuals other than Mr. Sinohui and Senior-Inet does not
anticipate the full time employment of any individuals.






RESULTS
OF OPERATIONS






The
Company was not profitable during the year ended December 31, 2009 and has not
been profitable during the first three months of 2010.






Three
Month Periods Ended March 31, 2010 and 2009




The
Company had no revenues from continuing operations for the three-month period
ended March 31, 2010 and no revenues for the same three-month period in
2009.




General
and administrative expenses for the three-month period ended March 31, 2010 were
$856 compared to $7,253 for the same period in 2009.  Expenses
consisted of general corporate administration, rent, Internet service provider,
legal and professional expenses and accounting costs.






Because
of the foregoing factors, the Company realized a net loss of $2,216 for the
three months ended March 31, 2010 as compared to net loss of $8,487 for the same
period in 2009.






LIQUIDITY
AND CAPITAL RESOURCES






At March
31, 2010, the Company had current assets consisting of $308 cash on
hand.  Current liabilities consisted of accounts payable of $75,
accrued interest of $493 and notes payable of $119,725 for total current
liabilities of $120,293.






The
Company believes that current and anticipated future cash requirements for the
next three months cannot be met with the cash on hand and from revenue from
current customers.  The Company will find it necessary to raise
additional capital.  The Company may sell common stock of the Company
or enter into additional debt financing agreements.







The
Company has received 27 loans from the controlling shareholder of the Company,
Desert Bloom Investments.  The aggregate amount of the notes total
$89,000.  All of the notes are due on December 31, 2010, unless
extended.  The notes bear no interest unless not paid, in which case
interest will be charged at the rate of 10% annually.




To
consummate our business plan, we will need additional
capital.  Additional capital may be raised through additional private
financings as well as borrowings and other resources.  To the extent
that additional capital is raised through the sale of equity or equity-related
securities, the issuance of such securities could result in dilution of our
stockholders.  There can be no assurance that additional funding will
be available on favorable terms, if at all.  If adequate funds are not
available when we need them, we may be required to curtail our
operations.  No assurance can be given; however, that we will have
access to the capital markets in the future, or that financing will be available
on acceptable terms to satisfy our cash requirements needed to implement our
business strategies.  Our inability to access the capital markets or
obtain acceptable financing could have a material adverse effect on our results
of operations and financial condition and could severely threaten our ability as
a going concern.






In
addition to attempting to grow our present business, we intend to consider an
acquisition or merger transaction with a privately owned business under which
our Company would acquire the business and would thereafter be managed by former
owners of the private business.  If we are able to complete such a
transaction, we expect that our shareholders would become minority shareholders
in the resulting entity and that the management of the corporation would be
changed.  We are unable to predict whether or when such a transaction
might be completed.




Our
forecast of the period of time through which our financial resources will be
adequate to support our operations is a forward –looking statement that involves
risks and uncertainties, and actual results could vary because of a number of
factors.





ITEM
3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK





Not
applicable, as the Company is a smaller reporting Company.





ITEM
4.   CONTROLS AND PROCEDURES





Disclosure Controls and
Procedures





We
maintain "disclosure controls and procedures," as defined in Rules 13a-15(e) and
15d-15(e) under the Exchange Act, that are designed to ensure that information
required to be disclosed by us in reports we file or submit under the Exchange
Act is recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms, and that such information is accumulated
and communicated to our principal executive officer to allow timely decisions
regarding required disclosure.





Evaluation of disclosure and
controls and procedures





As of
March 31, 2010, the Company's chief executive officer (who is also the chief
financial officer) conducted an evaluation regarding the effectiveness of the
Company's disclosure controls and procedures (as defined in Rules 13a-15(e) or
15d-15(e) under the Exchange Act.  Based on this evaluation, our chief
executive officer concluded that our disclosure controls and procedures were
effective.





Management's Annual Report
on Internal Control over Financial Reporting





Our
management is responsible for establishing and maintaining adequate internal
control over financial reporting, as such term is defined in Rules 13a- 15(f)
and 15d-15(f) of the Exchange Act.  Our internal control system was
designed to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes, in
accordance with generally accepted accounting principles.  Because of
inherent limitations, a system of internal control over financial reporting may
not prevent or detect all misstatements.  In addition, projections of
any evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate due to change in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.





Internal
control over financial reporting is defined, under the Exchange Act, as a
process designed by, or under the supervision of, the issuer's principal
executive and principal financial officers, or persons performing similar
functions, and effected by the issuer's board of directors, management and other
personnel, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles and
includes those policies and procedures that: (1) pertain to the maintenance of
records that in reasonable detail accurately and fairly reflect the transactions
and dispositions of the assets of the issuer; (2) provide reasonable assurance
that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that
receipts and expenditures of the issuer are being made only in accordance with
authorizations of management and directors of the issuer; and (3) provide
reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use or disposition of the issuer's assets that could have a
material effect on the financial statements.








The
Company's principal executive officer assessed the effectiveness of the
Company's internal control over financial reporting as of March 31,
2010.  In making this assessment, the Company's principal executive
officer was guided by the releases issued by the SEC and, to the extent
applicable, the criteria established in Internal Control - Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway
Commission.  The Company's principal executive officer believes that
based on his assessment, as of March 31, 2010, the Company's procedures of
internal control over financial reporting were effective.





PART
II.    OTHER INFORMATION




ITEM
1.   LEGAL PROCEEDINGS.




None.




ITEM
1A.  RISK FACTORS.




There
have been no material changes to the risk factors previously discussed in Item 1
of the Company's Form 10-K for the year ended December 31, 2009.




ITEM
2.   UNREGISTERED SALES OF EQUITY 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.




ITEM
6.   EXHIBITS




31.1
            Certification
      by Chief Executive Officer and Principal Financial Officer pursuant to
      Section 302 of the Sarbanes-Oxley Act of 2002.32.1
            Certification
      by the Chief Executive Officer and Principal Financial Officer Pursuant to
      18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002.













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.





SIN HOLDINGS,
INC.





Date:
        May 17,
2010             
           
      By /s/ Steve S.
Sinohui


Steve S. Sinohui, President