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 September 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 November 11, 2009.





1


FORM
10-Q


SIN
HOLDINGS, INC.


INDEX





PART
      I.
            
            FINANCIAL
      INFORMATION
            PageItem
      1.
            Financial
      Statements (unaudited)
            3Consolidated
      Balance Sheets, September 30, 2009 (unaudited) and December 31,
      2008
            4Unaudited
      Consolidated Statements of Operations for the three and
      nine  months ended September 30, 2009 and 2008
            5Unaudited
      Consolidated Statements of Cash Flows for the nine months ended September
      30, 2009 and 2008
            6Notes
      to Financial Statements
            7Item
      2.
            Management’s
      Discussion and Analysis of Financial Condition
            12Item
      3.
            Quantitative
      and Qualitative Disclosures About Market Risk
            15Item
      4.
            Controls
      and Procedures
            15PART
      II.
            
            OTHER
      INFORMATIONItem
      1.
            Legal
      Proceedings
            16Item
      1A.
            Risk
      Factors
            16Item
      2.
            Unregistered
      Sales of Equity Securities and Use of Proceeds
            16Item
      3.
            Defaults
      Upon Senior Securities
            16Item
      4.
            Submission
      of Matters to a Vote of Security Holders
            16Item
      5.
            Other
      Information
            16Item
      6.
            Exhibits
            16Signatures
            17





2


ITEM 1. FINANCIAL
STATEMENTS.





The
financial statements for the quarter ended September 30, 2009 immediately
follow.





3


SIN
      HOLDINGS, INC. AND SUBSIDIARYCONSOLIDATED
      BALANCE SHEETS(UNAUDITED)September
      30,2009
              
              
              December
      31,(Unaudited)
              
              
              2008ASSETSCurrent
      AssetsCash
      and Cash Equivalents
              
              $
              518
              
              
              $
              859Accounts
      Receivable
              
              
              -
              
              
              
              -Total
      Current Assets
              
              
              518
              
              
              
              859Long
      Term AssetsEquipment
              
              
              992
              
              
              
              992Less
      Accumulated Depreciation
              
              
              (992
              )
              
              
              (992
              )Total
      Long Term Assets
              
              
              -
              
              
              
              -Other
      AssetsGoodwill
      (Net of accumulated amortization of  $616)
              
              
              5,071
              
              
              
              5,071Total
      Other Assets
              
              
              5,071
              
              
              
              5,071TOTAL
      ASSETS
              
              $
              5,589
              
              
              $
              5,930LIABILITIES
      AND STOCKHOLDERS' EQUITY (DEFICIT)Current
      LiabilitiesAccounts
      Payable
              
              
              1,575
              
              
              
              825Notes
      Payable - Offering
              
              
              -
              
              
              
              376Accrued
      Interest - Offering Notes
              
              
              1,496
              
              
              
              2,046Total
      Current Liabilities
              
              
              3,071
              
              
              
              3,247Long
      Term LiabilitiesLoan
      from Shareholder
              
              
              83,000
              
              
              
              72,000Accrued
      Interest - Shareholder Notes
              
              
              10,217
              
              
              
              7,846Notes
      Payable - Offering
              
              
              18,800
              
              
              
              18,800Total
      Long Term Liabilities
              
              
              112,017
              
              
              
              98,646Total
      Liabilities
              
              
              115,088
              
              
              
              101,893Stockholders'
      Equity (Deficit)Preferred
      Stock, $0.001 par value; 100,000,000 sharesauthorized;
      100,000 shares issued and outstanding atSeptember
      30, 2009 and December 31, 2008, respectively
              
              
              100
              
              
              
              100Common
      Stock, $0.001 par value; 400,000,000 sharesauthorized;
      7,278,000 shares issued and outstandingat
      September 30, 2009 and December 31, 20087, respectively
              
              
              7,278
              
              
              
              7,278Additional
      Paid In Capital
              
              
              14,961
              
              
              
              14,286Accumulated
      Deficit
              
              
              (131,838
              )
              
              
              (117,627
              )Total
      Stockholders' Deficit
              
              
              (109,499
              )
              
              
              (95,963
              )TOTAL
      LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT )
              
              $
              5,589
              
              
              $
              5,930The
      accompanying notes are an integral part of the consolidated financial
      statements.


4


SIN
      HOLDINGS, INC. AND SUBSIDIARYCONSOLIDATED
      INCOME STATEMENTS(UNAUDITED)For
      the Three Months Ended
              
              
              For
      the Nine Months EndedSeptember 30, 2009
              
              
              September 30, 2008
              
              
              September 30, 2009
              
              
              September 30, 2008REVENUESNet
      subscriptions
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -EXPENSESBank
      service charges
              
              
              3
              
              
              
              3
              
              
              
              9
              
              
              
              9ISP
              
              
              300
              
              
              
              300
              
              
              
              900
              
              
              
              900Miscellaneous
              
              
              -
              
              
              
              452
              
              
              
              412
              
              
              
              1,013Postage
              
              
              -
              
              
              
              -
              
              
              
              13
              
              
              
              -Professional
      fees
              
              
              750
              
              
              
              1,800
              
              
              
              7,563
              
              
              
              8,676Rent
              
              
              225
              
              
              
              225
              
              
              
              675
              
              
              
              675Transfer
      fees
              
              
              225
              
              
              
              225
              
              
              
              750
              
              
              
              675Operating
      expenses
              
              
              1,503
              
              
              
              3,005
              
              
              
              10,322
              
              
              
              11,948LOSS
      FROM OPERATIONS
              
              
              (1,503
              )
              
              
              (3,005
              )
              
              
              (10,322
              )
              
              
              (11,948
              )OTHER
      INCOME (EXPENSE)Finance
      charges
              
              
              -
              
              
              
              -
              
              
              
              (2
              )
              
              
              (23
              )Interest
      expense
              
              
              (1,341
              )
              
              
              (1,235
              )
              
              
              (3,887
              )
              
              
              (3,473
              )(1,341
              )
              
              
              (1,235
              )
              
              
              (3,889
              )
              
              
              (3,496
              )NET
      LOSS BEFORE TAXES
              
              
              (2,844
              )
              
              
              (4,240
              )
              
              
              (14,211
              )
              
              
              (15,444
              )INCOME
      TAX EXPENSE
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -NET
      LOSS
              
              $
              (2,844
              )
              
              $
              (4,240
              )
              
              $
              (14,211
              )
              
              $
              (15,444
              )NET
      INCOME PER SHARE - BASIC
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              $
              (0.00
              )WEIGHTED
      AVERAGE NUMBER OFSHARES
      OUTSTANDING
              
              
              7,278,000
              
              
              
              7,278,000
              
              
              
              7,278,000
              
              
              
              7,278,000The
      accompanying notes are an integral part of the consolidated financial
      statements.


5


SIN
      HOLDINGS, INC. AND SUBSIDIARYCONSOLIDATED
      STATEMENTS OF CASH FLOWS(UNAUDITED)For
      the nine months endedSeptember
      30,
              
              
              September
      30,2009
              
              
              2008CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
              
              $
              (14,211
              )
              
              $
              (15,444
              )Adjustments
      to reconcile net loss to net cashRent
              
              
              675
              
              
              
              675Interest
      Payment
              
              
              -
              
              
              
              -Increase
      in Accounts Receivable
              
              
              -
              
              
              
              -Increase
      (Decrease) in Accounts Payable
              
              
              750
              
              
              
              (636
              )Increase
      (Decrease) in Accrued Interest
              
              
              1,821
              
              
              
              1,433Net
      Cash Flows from Operating Activities
              
              
              (10,965
              )
              
              
              (13,972
              )CASH
      FLOWS FROM FINANCING ACTIVITIESPrincipal
      Repayment of Notes
              
              
              (376
              )
              
              
              -Loan
      from Shareholder
              
              
              11,000
              
              
              
              16,000Net
      Cash Fows from Financing Activities
              
              
              10,624
              
              
              
              16,000NET
      INCREASE (DECREASE) IN CASH
              
              
              (341
              )
              
              
              2,028AND
      CASH EQUIVALENTSCASH
      AND CASH EQUIVALENTS,BEGINNING
      OF PERIOD
              
              
              859
              
              
              
              1,551END
      OF PERIOD
              
              $
              518
              
              
              $
              3,579SUPPLEMENTAL
      DISCLOSURE OF CASH FLOWS INFORMATION:Cash
      paid during the year for:Interest
              
              $
              2,066
              
              
              $
              2,040Income
      taxes
              
              
              -
              
              
              
              -SUPPLEMENTAL
      DISCLOSURE OF NON-CASH FLOW INVESTING ANDFINANCING
      ACTIVITIES:None
              
              $
              -
              
              
              $
              -The
      accompanying notes are an integral part of the consolidated financial
      statements.


6





SIN
HOLDINGS, INC. AND SUBSIDIARY





NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS





September 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 for 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 nine months ending September 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.





7


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.


8


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 nine months ended September 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 nine months ended September 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 September 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 September 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





The
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.





As of
September 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 issue dates of the notes, the principal amount and the
current maturity date:


9


NOTE
C - RELATED PARTY TRANSACATIONS  (Continued)





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.





10


NOTE
E - INCOME TAXES





The
Company has net operating loss carryforwards of approximately $128,560 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.





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.





11


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;




§
            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.


12


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.





13


RESULTS
OF OPERATIONS





The
Company was not profitable during the year ended December 31, 2008 and has not
been profitable during the first nine months of 2009.





Three
Month Periods Ended September 30, 2009 and 2008





The
Company had no revenues from continuing operations for the three-month period
ended September 30, 2009 and no revenues for the same three-month period in
2008.





General
and administrative expenses for the three-month period ended September 30, 2009
were $1,503 compared to $3,005 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 $2,884 for the
three months ended September 30, 2009 as compared to net loss of $4,240 for the
same period in 2008.





Nine
Month Periods Ended September 30, 2009 and 2008





The
Company had no revenues from continuing operations for the nine-month period
ended September 30, 2009 and no revenues for the same nine-month period in
2008.





General
and administrative expenses for the nine-month period ended September 30, 2009
were $10,322 compared to $11,948 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 $14,211 for the
nine months ended September 30, 2009 as compared to net loss of $15,444 for the
same period in 2008.





LIQUIDITY
AND CAPITAL RESOURCES





At
September 30, 2009, the Company had current assets consisting of $518 cash on
hand. Current liabilities consisted of accounts payable of $1,575 and accrued
interest of $1,496 for total current liabilities of $3,071.





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.


14


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
September 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 September 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 September 30,
2009, the Company's procedures of internal control over financial reporting were
effective.





15


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.









16




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./s/ Steve S. SinohuiSteve
      S. Sinohui, President




Date:
November 11,  2009