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 June 30, 2009
 
 [  ] 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.)
 
 3225 S. Garrison, Unit 21, Lakewood, Colorado 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 August 10, 2009.
 
 
  1
  FORM 10-Q
 SIN HOLDINGS, INC.
 INDEX
 
 PART I.

FINANCIAL INFORMATION
PageItem 1.
Financial Statements (unaudited)
3Consolidated Balance Sheets, June 30, 2009 (unaudited) and December 31, 2008
4Unaudited Consolidated Statements of Operations for the three months ended June 30, 2009 and 2008
5Unaudited Consolidated Statements of Operations for the six months ended June 30, 2009 and 2008
6Unaudited Consolidated Statements of Cash Flows for the six months ended June 30, 2009 and 2008
7Notes to Financial Statements
8Item 2.
Management’s Discussion and Analysis of Financial Condition
13Item 3.
Quantitative and Qualitative Disclosures About Market Risk
16Item 4.
Controls and Procedures
16PART II.

OTHER INFORMATIONItem 1.
Legal Proceedings
17Item 1A.
Risk Factors
17Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
17Item 3.
Defaults Upon Senior Securities
17Item 4.
Submission of Matters to a Vote of Security Holders
17Item 5.
Other Information
17Item 6.
Exhibits
17Signatures
18
 
 
  2
  ITEM 1. FINANCIAL STATEMENTS.
 
 The financial statements for the quarter ended June 30, 2009 immediately follow.
  
   3
   
  SIN HOLDINGS, INC. AND SUBSIDIARYCONSOLIDATED BALANCE SHEETS(UNAUDITED)June 30,2009


December 31,(Unaudited)


2008ASSETSCurrent AssetsCash and Cash Equivalents

$
1,046


$
859Total Current Assets


1,046



859Long Term AssetsEquipment


992



992Less Accumulated Depreciation


(992
)


(992
)Total Long Term Assets


-



-Other AssetsGoodwill


5,071



5,071Total Other Assets


5,071



5,071TOTAL ASSETS

$
6,117


$
5,930LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)Current LiabilitiesAccounts Payable


825



825Notes Payable - Offering


-



376Accrued Interest - Offering Notes


992



2,046Total Current Liabilities


1,817



3,247Long Term LiabilitiesLoan from Shareholder


83,000



72,000Accrued Interest - Shareholder Notes


9,380



7,846Notes Payable - Offering


18,800



18,800Total Long Term Liabilities


111,180



98,646TOTAL LIABILITIES


112,997



101,893Stockholders' Equity (Deficit)Preferred Stock, $0.001 par value; 100,000,000 shares authorized, 100,000shares issued and outstanding at June 30, 2009 and December 31, 2008respectively


100



100Common Stock, $0.001 par value; 400,000,000 shares authorized; 7,278,000shares issued and outstanding at June 30, 2009 and December 31, 2008respectively


7,278



7,278Additional Paid In Capital


14,736



14,286Accumulated Deficit


(128,994
)


(117,627
)Total Stockholders' Deficit


(106,880
)


(95,963
)TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY (DEFICIT)

$
6,117


$
5,930
 
 
 The accompanying notes are an integral part of the consolidated financial statements.
  4
  
 
 SIN HOLDINGS, INC. AND SUBSIDIARYCONSOLIDATED INCOME STATEMENTS(UNAUDITED)For the Three Months EndedJune 30, 2009


June 30, 2008REVENUESNet Subscriptions

$
-


$
-EXPENSESBank Service Charges


3



3ISP


300



300Postage


13



-Professional Fees


750



1,245Rent


225



225Transfer Fees


275



225Operating expenses


1,566



1,998LOSS FROM OPERATIONS


(1,566
)


(1,998
)OTHER INCOME (EXPENSE)Finance Charges


-



-Loan Interest


(1,314
)


(1,126
)TOTAL OTHER INCOME (EXPENSE)


(1,314
)


(1,126
)NET LOSS BEFORE TAXES


(2,880
)


(3,124
)INCOME TAX EXPENSE


-



-NET LOSS

$
(2,880
)

$
(3,124
)NET INCOME PER SHARE - BASIC

$
(0.00
)

$
(0.00
)WEIGHTED AVERAGE NUMBER OFSHARES OUTSTANDING


7,278,000



7,278,000
 
 The accompanying notes are an integral part of the consolidated financial statements.
 
  5
  
 SIN HOLDINGS, INC. AND SUBSIDIARYCONSOLIDATED INCOME STATEMENTS(UNAUDITED)For the Six Months EndedJune 30, 2009


June 30, 2008REVENUESNet subscriptions

$
-


$
-EXPENSESBank service charges


6



6ISP


600



600Miscellaneous


412



561Postage


13



-Professional fees


6,813



6,876Rent


450



450Transfer fees


525



450Operating expenses


8,819



8,943LOSS FROM OPERATIONS


(8,819
)


(8,943
)OTHER INCOME (EXPENSE)Finance charges


(2
)


(24
)Interest expense


(2,546
)


(2,238
)(2,548
)


(2,262
)NET LOSS BEFORE TAXES


(11,367
)


(11,205
)INCOME TAX EXPENSE


-



-NET LOSS

$
(11,367
)

$
(11,205
)NET INCOME PER SHARE - BASIC

$
(0.00
)

$
(0.00
)WEIGHTED AVERAGE NUMBER OFSHARES OUTSTANDING


7,278,000



7,278,000
 
 The accompanying notes are an integral part of the consolidated financial statements.
  6
  
 SIN HOLDINGS, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)For the six months endedJune 30,


June 30,2009


2008CASH FLOWS FROM OPERATING ACTIVITIESNet loss

$
(11,367
)

$
(11,205
)Adjustments to reconcile net loss to net cashRent


450



450Interest Payment


-



-Increase in Accounts Receivable


-



-Increase (Decrease) in Accounts Payable


-



(1,336
)Increase (Decrease) in Accrued Interest


480



199Net Cash Flows from Operating Activities


(10,437
)


(11,892
)CASH FLOWS FROM FINANCING ACTIVITIESPrincipal Repayment of Notes


(376
)


-Loan from Shareholder


11,000



11,000Net Cash Fows from Financing Activities


10,624



11,000NET INCREASE (DECREASE) IN CASH


187



(892
)AND CASH EQUIVALENTSCASH AND CASH EQUIVALENTS,BEGINNING OF PERIOD


859



1,551END OF PERIOD

$
1,046


$
659SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:Cash paid during the year for:Interest

$
2,046


$
2,110Income

$
-


$
-SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:None

$
-


$
-
 
 The accompanying notes are an integral part of the consolidated financial statements.
 
  7
  SIN HOLDINGS, INC. AND SUBSIDIARY
 
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 
 June 30, 2009
 
 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, 2008
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 for the purpose of developing 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
 
 Organization costs have been charged 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, impaired assets are written down to estimated fair value based on the best information available.  Estimated fair value is generally based 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.
 
 No impairment was recorded for the six months ending June 30, 2009.
 
 Depreciation and Amortization
 
 Depreciation on assets is recorded using the straight-line method over the estimated life of the asset, which is three years. The FASB issued Statement No. 142, “Goodwill and Other Intangible Assets,” (“SFAS 142”) which provides, among other things, for the nonamortization 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 performs its annual impairment review during the fourth quarter each year.
 
  8
  NOTE A - SUMMARY OF ACCOUNTING POLICIES (Continued)
 
 Recent Accounting Standards
 
 In December 2007, the Financial Accounting Standards Board (“FASB”) issued Statement of Financials Accounting Standards (“SFAS”) No. 141R, “Business Combinations” (“SFAS 141R”), which replaces SFAS No. 141 “Business Combinations”. SFAS 141R establishes principles and requirements
for determining how an enterprise recognizes and measures the fair value of certain assets and liabilities acquired in a business combination, including noncontrolling interest, contingent consideration, and certain acquired contingencies. SFAS 141R also requires acquisition-related transaction expenses and restructuring cost be expensed as incurred rather than capitalized a component of the business combination
 
 SFAS 141R will be applicable prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. SFAS 141R would have an impact on accounting for any business acquired after the effective date of this pronouncement.
 
 In February 2007, the FASB issued SFAS no, 159, “The Fair Value Option for Financial Assets and Financial Liabilities” (“SFAS 159”).  SFAS 159 provides companies with an option to report selected financials assets and liabilities at fair value.  The objective of SFAS 159 is to reduce both complexity
in accounting for financial instruments and the volatility in earnings caused by measuring related assets and liabilities differently.
 
 In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements - An Amendment of ARB No. 51” (“SFAS 160”). SFAS 160 establishes accounting and reporting standards for the noncontrolling interest in a subsidiary (previously referred to as minority interests). SFAS 160
also requires that a retained noncontrolling interest upon the deconsolidation of a subsidiary be initially measured at its fair value. Upon adoption of SFAS 160, the Company would be required to report any noncontrolling interests as a separate component of stockholders’ deficit. The Company would also be required to present any net income attributable to the stockholders of the Company separately in its condensed consolidated statement of operations. SFAS 160 is effective for fiscal years, and interim
periods within those fiscal years, beginning on or after December 15, 2008. SFAS 160 requires retroactive adoption of the presentation and disclosure requirements for existing minority interests. All other requirements of SFAS 160 shall be applied prospectively. SFAS 160 would have an impact on the presentation and disclosure of the noncontrolling interests of any non-wholly owned business acquired in the future.
 
 In March 2008, the FASB issued No. 161, “Disclosures about Derivative Instruments and Hedging Activities, an amendment of FASB Statement No. 133 (“SFAS 161").  SFAS 161 requires enhanced disclosures about an entity's derivative and hedging activities and thereby improves the transparency of financial reporting.  This
Statement is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. This Statement encourages, but does not require, comparative disclosures for earlier periods at initial adoption.  Management is currently evaluating the effects of this statement, but it is not expected to have any impact on the Company’s financial statements.
 
 In April 2008, the FASB released staff position (“FSP”) SFAS No. 142-3, Determination of the Useful Life of Intangible Assets.  The FSP requires entities to disclose information for recognized intangible assets that enable users of financial statements to understand the extent to which expected future cash flows associated
with intangible assets are affected by the entity’s intent or ability to renew or extend the arrangement associated with the intangible asset.  The FSP also amends the factors an entity should consider in developing the renewal or extension assumptions used in determining the useful life of recognized intangible assets under SFAS No. 142, Goodwill and Other Intangible Assets.  The FSP will be applied prospectively to intangible assets acquired after the FSP’s effective date, but
the disclosure requirements will be applied prospectively to all intangible assets recognized as of, and after, the FSP’s effective date.  The FSP is effective for fiscal years beginning after December 15, 2008, with early adoption prohibited.  The adoption of SFAS No. 142-3 is not expected to have a material effect on the Company’s financial statements.
 
 In May 2008, the Financial Accounting Standards Board (“FASB”) issued Statement of Financial Accounting Standards (“SFAS”) No. 162, The Hierarchy of Generally Accepted Accounting Principles (“GAAP”) (“SFAS 162”). The purpose of the new standard is to provide a consistent framework for determining
what accounting principles should be used when preparing U.S. GAAP financial statements. Previous guidance did not properly rank the accounting literature. The new standard is effective 60 days following the Securities and Exchange Commission’s approval of the Public Company Accounting Oversight Board amendments to AU Section 411, The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles. The adoption of SFAS 162 is not expected to have a material effect on the Company’s
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.
 
 Income Per Share
 
 Income per share was computed using the weighted average number of shares outstanding during the period.
 
 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.
  9
  NOTE A - SUMMARY OF ACCOUNTING POLICIES (Continued)
 
 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 six months ended June 30, 2009, the Company’s consolidated financial
statements do not contain any changes in equity that are required to be reported separately in comprehensive income.
 
 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 six months ended June 30, 2009 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.
 
 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 $83,000 to its majority shareholder, which matures in 2010.  Furthermore, the Company has outstanding notes and accrued interest totaling $18,800 to unrelated parties.  The total amount of $18,800 will mature February 19, 2011. Subsequent to year end, the Company's majority shareholder agreed to provide funding for the operational expenses for the 2009 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 June 30, 2009, 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 June 30, 2009, 7,278,000 shares of the Company’s $0.001 par value common stock were issued and outstanding.
 
 NOTE C - RELATED PARTY TRANSACATIONS
 
 When the Company purchased the sole proprietorship on December 1, 2000, it entered into a Profit Participation Agreement with Stan Mingus, the seller. The Profit Participation Agreement provided for Senior-Inet to pay Mr. Mingus the sum of $32,000 in cash upon our realization of gross revenues of at least $400,000 during any consecutive
12-month period during the three-year term of the agreement through November 30, 2003.  The Company did not reach its benchmark of $400,000 in a consecutive 12-month period prior to the termination date of the Profit Participation Agreement.  As of December 31, 2004, the terms of the Profit Participation Agreement have expired.  The Company has no continuing obligation to Mr. Mingus.
 
 Company’s sole executive officer, director and shareholder are 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.
 
  10
  NOTE C - RELATED PARTY TRANSACATIONS (continued)
 
 As of June 30, 2009, the Company has received a total of 24 loans from the controlling shareholder of the Company, Desert Bloom Investments.  The aggregate amount of the notes total $83,000.  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 issues 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, 2010December 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, 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, 2007, 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 2008.  In many cases the company’s uncertain tax positions are related to tax years that remain subject to examination
by relevant tax authorities.
 
 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, 2008.
 
 United States (a)

2004– 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 $125,716 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.
 
  11
  NOTE E - INCOME TAXES (Continued)
 
 2008


2007Net Operating Losses

$
39,858


$
33,169Valuation Allowance

$
(39,858
)

$
( 33,169
)Total

$
-


$
-
 
 The provision for income taxes differ from the amount computed using the Federal US statutory income tax rate as follows:
 
 2008


2007Provisions (Benefit) at US Statutory Rate

$
6,689


$
5,252Increase (Decrease) in Valuation Allowance

$
(6,689
)

$
(6,151
)Other Differences

$
-


$
899Total

$
-


$
-
 
 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 was 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 principal plus accrued interest through June 30, 2009.  These principal payments aggregate $376 and
accrued interest on this amount through June 30, 2009 was $19.84.
 
 The Company incurred a total of $12,939 in professional fees directly related to the offering, which were offset against additional paid in capital.
 
 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.
 
  12
  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 infusion of capital
 §
our expectation to incur losses through the first half of 2009;
 §
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;
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competition from traditional and online providers of senior resource information may result in price reductions and decreased demand for advertising on our web site;
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we may be unable to adequately protect or enforce our intellectual property rights, which may have a detrimental effect on our business;
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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.
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  When entering a geographic area, we develop a list of senior resources in that area.  We then ascertain whether or not those providers already have an Internet presence.  If they do, we 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 offer to create a web page on our portal for them.  By developing an Internet presence for the provider, we 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 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.
 
 We also offer annual contracts for banner and box advertisements for our home page and each of the community and category pages. To date, we have not sold any advertisements on our site nor do we have any contracts for such advertisements.
 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. We intend to continue to attempt to increase the number of paying subscribers in the 11 cities in which
we now list senior service providers, as well as to increase the number of cities in Colorado for which we provide listings.
 
 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 substantially increase 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 increase revenues, we must increase the number of subscriptions by senior service providers listing on our site as well as to increase the number of cities for which we provide listings.  We have focused our marketing efforts on 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 in 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 increase the number of subscribers in Colorado without materially increasing our expenses. We can give no assurances regarding these plans and you should not expect that we will achieve them.
 
 Additionally, Mr. Sinohui is 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 currently
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.
 
 We believe that the Company may have value to third parties in connection with an acquisition or merger transaction pursuant to which a privately-owned business or entity could acquire or become merged with our Company and thereby become a publicly-owned business. We intend to consider carefully any such business opportunities that are
brought to our attention; until an acquisition or merger transaction is completed we intend to continue to maintain our present business.
 
 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. During the next three months, the Company’s President will be the sole sales person for
the Company while we attempt to secure new subscribers. Thereafter, the Company will bring on sales consultants as it is able to support financially such sales people. Mr. Sinohui has background experience that enables him to effectively market our web site and manage the Company. 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.
 
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  RESULTS OF OPERATIONS
 
 The Company was not profitable during the year ended December 31, 2008 and has not been profitable during the first six months of 2009.
 
 Three Month Periods Ended June 30, 2009 and 2008
 
 The Company had no revenues from continuing operations for the three-month period ended June 30, 2009 and no revenues for the same three-month period in 2008.
 
 General and administrative expenses for the three-month period ended June 30, 2009 were $1,566 compared to $1,998 for the same period in 2008. 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 $2,880 for the three months ended June 30, 2009 as compared to net loss of $3,124 for the same period in 2008.
 
 Six Month Periods Ended June 30, 2009 and 2008
 
 The Company had no revenues from continuing operations for the six-month period ended June 30, 2009 and no revenues for the same six-month period in 2008.
 
 General and administrative expenses for the six-month period ended June 30, 2009 were $8,819 compared to $8,943 for the same period in 2008. 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 $11,367 for the six months ended June 30, 2009 as compared to net loss of $11,205 for the same period in 2008.
 
 LIQUIDITY AND CAPITAL RESOURCES
 
 At June 30, 2009, the Company had current assets consisting of $1,046 cash on hand. Current liabilities consisted of accounts payable of $825 and accrued interest of $992 for total current liabilities of $1,817.
 
 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 a total of 24 loans from the controlling shareholder of the Company, Desert Bloom Investments. The aggregate amount of the notes total $83,000. 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 as a result of a number of factors.
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  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 June 30, 2009, 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. Also, 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 June 30, 2009. 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 June 30, 2009, the Company's procedures of internal control over financial reporting were effective.
 
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  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, 2008.
 
 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.
  
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  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.
 
 By /s/ Steve S. Sinohui
 Steve S. Sinohui, President
 Date:  August 10, 2009