U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

                 Quarterly Report under Section 13 or 15 (d) of
                         Securities Exchange Act of 1934

                     For the Period ended September 30, 2007

                        Commission File Number 333-143845


                                  MADERO, INC.
                 (Name of small business issuer in its charter)

        Nevada                                                  20-8658254
(State of incorporation)                                (IRS Employer ID Number)

                       1132 E. Plaza Blvd., Suite 203-409
                             National City, CA 91950
                    Phone: (775) 352-3855 Fax (775) 583-9009
          (Address and telephone number of principal executive offices)

                                 Mike Lizarraga
                       1132 E. Plaza Blvd., Suite 203-409
                             National City, CA 91950
                    Phone: (775) 352-3855 Fax (775) 583-9009
            (Name, address and telephone number of agent for service)

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

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

There were 8,320,000 shares of Common Stock outstanding as of September 30,
2007.
<PAGE>
ITEM 1.  FINANCIAL STATEMENTS

                                  MADERO, INC.
                         (A Development Stage Company)
                                 Balance Sheet

<TABLE>
<CAPTION>
                                                     Unaudited                Audited
                                                 September 30, 2007        March 31, 2007
                                                 ------------------        --------------
<S>                                                   <C>                     <C>
ASSETS

CURRENT ASSETS
  Cash                                                $ 18,645                $  7,991
  Rent Deposit                                             250
                                                      --------                --------
Total Current Assets                                    18,895                   7,991
                                                      --------                --------

TOTAL ASSETS                                          $ 18,895                $  7,991
                                                      ========                ========


LIABILITIES & STOCKHOLDERS' EQUITY


STOCKHOLDERS' EQUITY
  75,000,000 authorized at $0.001 par value
  4,000,000 issued and o/s at Mar 31, 2007
  8,320,000 issued and o/s at Sept 30, 2007           $  8,320                   4,000
  Additional Paid-in Capital                            21,280                   4,000
  Deficit accumulated                                  (10,705)                     (9)
                                                      --------                --------
TOTAL STOCKHOLDERS' EQUITY                              18,895                   7,991
                                                      --------                --------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY            $ 18,895                $  7,991
                                                      ========                ========

</TABLE>

                                       2
<PAGE>
                                  MADERO, INC.
                         (A Development Stage Company)
                            Statement of Operations


                                                        Inception March 14, 2007
                                Three Mos Ended                Through
                               September 30, 2007         September 30, 2007
                               ------------------         ------------------
REVENUES
  Revenues                         $        --                $        --
TOTAL REVENUES

OPERATING EXPENSE
  Administrative Expense                 5,176                     10,705
                                   -----------                -----------

NET (LOSS)                         $    (5,176)               $   (10,705)
                                   ===========                ===========

Basic earnings per share           $        --                $        --

Weighted average number of
 common shares outstanding           5,440,000                  4,000,000


                                       3
<PAGE>
                                  MADERO, INC.
                          (A Development Stage Company)
                  Statement of Changes in Stockholders' Equity
              From Inception (March 14, 2007 through June 30, 2007)

<TABLE>
<CAPTION>
                                               Common       Additional    Deficit Accum
                                Common         Stock         Paid-in         During
                                Stock          Amount        Capital        Dev Stage        Total
                                -----          ------        -------        ---------        -----
<S>                            <C>           <C>            <C>             <C>             <C>
Stock issued for cash        4,000,000        $ 4,000        $  4,000
Net (loss) Mar 31, 2007                                                     $     (9)
                            ----------        -------        --------       --------        --------

Balance Mar 31, 2007         4,000,000        $ 4,000        $  4,000       $     (9)       $  7,991
                            ==========        =======        ========       ========        ========

Net (loss) June 30, 2007                                                      (5,520)
                            ----------        -------        --------       --------        --------
Balance June 30, 2007        4,000,000        $ 4,000        $  4,000       $ (5,529)       $  2,471
                            ==========        =======        ========       ========        ========
Stock issued for cash
 Aug 30, 2007                4,320,000          4,320          17,280

Net Loss Sept 30, 2007                                                        (5,176)
                            ----------        -------        --------       --------        --------
Balance Sept 30, 2007        8,320,000        $ 8,320        $ 21,280       $(10,705)       $ 18,895
                            ==========        =======        ========       ========        ========
</TABLE>


                                       4
<PAGE>
                                  MADERO, INC.
                         (A Development Stage Company)
                             Statement of Cash Flow

<TABLE>
<CAPTION>
                                                                                        Unaudited
                                                              Unaudited          Inception (March 14, 2007)
                                                           Three Mos Ended              Through
                                                          September 30, 2007        September 30, 2007
                                                          ------------------        ------------------
<S>                                                           <C>                       <C>
CASH FLOW FROM OPERATING ACTIVITIES
  Net income (loss)                                           $ (5,176)                 $(10,705)

  Changes in operating assets & liabilities                       (250)                     (250)


CASH FLOW FROM INVESTING ACTIVITIES

  Net cash provided by (used in) investing activities               --                        --

CASH FLOW FROM FINANCING ACTIVITIES
  Issuance of Common Stock                                       4,320                     8,320
  Paid in Capital                                               17,280                    21,280
                                                              --------                  --------
Net increase in cash                                            16,174                    18,645


Cash at beginning of period                                      2,471                        --
                                                              --------                  --------

Cash at end of period                                         $ 18,645                  $ 18,645
                                                              ========                  ========
</TABLE>


                                       5
<PAGE>
                                  MADERO, INC.
                          (A Development Stage Company)
                      Interim Notes to Financial Statements
                               September 30, 2007


NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

     Madero,  Inc. (the  "Company") was  incorporated  in the State of Nevada on
     March 14, 2007. The Company is a development  stage company that intends to
     open and operate  children's  themed  restaurants  in Mexico.  To date, the
     Company's activities have been limited to its formation,  business plan and
     raising  capital.  Management  has devoted  most of its  activities  to the
     preparation of an SB-2 Registration  Statement to register 4,320,000 shares
     for sale to raise capital to implement the business plan. The  registration
     statement  was filed on June 18, 2007 and  declared  effective  on July 26,
     2007. The offering was completed and closed on August 31, 2007.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     A. BASIS OF PRESENTATION

     The  accounting  and  reporting  policies  of the  Company  conform to U.S.
     generally accepted  accounting  principles  applicable to development stage
     enterprises.

     B. FISCAL PERIODS

     The Company's fiscal year end is December 31.

     C. USE OF ESTIMATES

     The preparation of financial  statements in conformity with U.S.  generally
     accepted  accounting  principles  requires management to make estimates and
     assumptions  that affect the reported amounts of assets and liabilities and
     disclosure  of  contingent  assets  and  liabilities  at  the  date  of the
     financial  statements  and the  reported  amount of revenues  and  expenses
     during  the  reporting  period.  Actual  results  could  differ  from those
     estimates.

     D. CASH AND CASH EQUIVALENTS

     Cash and cash  equivalents  include cash in banks,  money market funds, and
     certificates  of term  deposits  with  maturities of less than three months
     from inception,  which are readily convertible to known amounts of cash and
     which, in the opinion of management,  are subject to an insignificant  risk
     of loss in value.  The Company had $18,645 in cash and cash  equivalents at
     September 30, 2007.

     E. START-UP COSTS

     In accordance with the American  Institute of Certified Public  Accountants
     Statement  of  Position   98-5,   "Reporting   on  the  Costs  of  Start-up
     Activities", the Company expenses all costs incurred in connection with the
     start-up and organization of the Company.

                                       6
<PAGE>
                                  MADERO, INC.
                          (A Development Stage Company)
                      Interim Notes to Financial Statements
                               September 30, 2007


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

     F. FAIR VALUE OF FINANCIAL INSTRUMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS

     The  Company  has  adopted  Statement  of  Financial  Accounting  Standards
     ("SFAS") Number 119, "Disclosure About Derivative Financial Instruments and
     Fair  Value of  Financial  Instruments."  The  carrying  amount of  accrued
     liabilities  approximates  its fair value because of the short  maturity of
     this item.  Certain  fair value  estimates  may be subject to and  involve,
     uncertainties and matters of significant judgement, and, therefore,  cannot
     be determined with precision.  Changes in assumptions  could  significantly
     affect  these  estimates.  The  Company  does not  hold or issue  financial
     instruments  for  trading   purposes,   nor  does  it  utilize   derivative
     instruments in the management of its foreign  exchange,  commodity price or
     interest rate market risks.

     G. SEGMENTED REPORTING

     SFAS Number 131,  "Disclosure  About  Segments of an Enterprise and Related
     Information",  changed the way public  companies report  information  about
     segments  of  their   business  in  their   quarterly   reports  issued  to
     shareholders.  It also requires entity-wide  disclosures about the products
     and services an entity provides,  the material  countries in which it holds
     assets and reports revenues and its major  customers.  The company plans to
     operate its restaurants in Mexico.

     H. FEDERAL INCOME TAXES

     Deferred income taxes are reported for timing differences  between items of
     income or expense  reported in the financial  statements and those reported
     for income tax purposes in accordance with SFAS Number 109, "Accounting for
     Income  Taxes",  which  requires the use of the  asset/liability  method of
     accounting  for income  taxes.  Deferred  income taxes and tax benefits are
     recognized  for the future tax  consequences  attributable  to  differences
     between the financial  statement  carrying  amounts of existing  assets and
     liabilities  and their  respective  tax bases,  and for tax loss and credit
     carryforwards.  Deferred  tax assets and  liabilities  are  measured  using
     enacted tax rates expected to apply to taxable income in the years in which
     those temporary  differences  are expected to be recovered or settled.  The
     Company  provides for deferred  taxes for the estimated  future tax effects
     attributable to temporary differences and carryforwards when realization is
     more likely than not.

     I. EARNINGS (LOSS) PER SHARE

     The Company has  adopted  Financial  Accounting  Standards  Board  ("FASB")
     Statement  Number  128,   "Earnings  per  Share,"  ("EPS")  which  requires
     presentation  of basic and diluted EPS on the face of the income  statement
     for  all  entities  with  complex   capital   structures   and  requires  a
     reconciliation   of  the  numerator  and   denominator  of  the  basic  EPS
     computation   to  the  numerator  and   denominator   of  the  diluted  EPS
     computation.  In the  accompanying  financial  statements,  basic  earnings
     (loss) per share is computed by dividing  net  income/loss  by the weighted
     average number of shares of common stock outstanding during the period.

                                       7
<PAGE>
                                  MADERO, INC.
                          (A Development Stage Company)
                      Interim Notes to Financial Statements
                               September 30, 2007


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

     J. FOREIGN CURRENCY TRANSACTIONS

     The Company's  functional  currency will be the Mexican Peso. The Company's
     reporting  currency  is the U.S.  Dollar.  All  transactions  initiated  in
     Mexican Pesos are translated to U.S. Dollars in accordance with SFAS No. 52
     "Foreign Currency Translation" as follows:

          (i)  Monetary assets and liabilities at the rate of exchange in effect
               at the balance sheet date;

          (ii) Equity at historical rates; and

          (iii)Revenue  and  expense  items  at the  average  rate  of  exchange
               prevailing during the period.

     Adjustments  arising from such  translations are deferred until realization
     and are  included  as a separate  component  of  stockholders'  equity as a
     component  of  comprehensive   income  or  loss.   Therefore,   translation
     adjustments  are not included in determining net income (loss) but reported
     as other comprehensive income.

     For foreign currency transactions,  the Company translates these amounts to
     the Company's  functional  currency at the exchange  rate  effective on the
     invoice date. If the exchange rate changes between the time of purchase and
     the time actual  payment is made, a foreign  exchange  transaction  gain or
     loss results which is included in determining net income for the period.

     No  significant  realized  exchange  gains or  losses  were  recorded  from
     inception (March 14, 2007) to September 30, 2007.

     K. DERIVATIVE FINANCIAL INSTRUMENTS

     The Company was not a party to any derivative financial  instruments during
     the reported fiscal period.

     L. STOCK-BASED COMPENSATION

     The Company  adopted the  provisions  of Statement of Financial  Accounting
     Standards  ("SFAS") No. 123(R),  "Share-Based  Payment",  which establishes
     accounting for equity instruments  exchanged for employee  services.  Under
     the provisions of SFAS 123(R), stock-based compensation cost is measured at
     the grant date,  based on the  calculated  fair value of the award,  and is
     recognized  as an expense  over the  employees'  requisite  service  period
     (generally the vesting period of the equity  grant).  The Company  accounts
     for share-based payments to non-employees,  in accordance with SFAS 123 (as
     originally   issued)  and  Emerging  Issues  Task  force  Issue  No  96-18,
     "ACCOUNTING FOR EQUITY  INSTRUMENTS THAT ARE ISSUED TO OTHER THAN EMPLOYEES
     FOR ACQUIRING, OR IN CONJUNCTION WITH SELLING, GOODS OR SERVICES".

                                       8
<PAGE>
                                  MADERO, INC.
                          (A Development Stage Company)
                      Interim Notes to Financial Statements
                               September 30, 2007


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

     M. COMPREHENSIVE INCOME (LOSS)

     SFAS No. 130, "Reporting  Comprehensive Income",  establishes standards for
     reporting and display of comprehensive  income and its components in a full
     set of general-purpose financial statements. For the period ended September
     30,  2007,  the  Company  had  no  items  of  other  comprehensive  income.
     Therefore,  net  loss  equals  comprehensive  loss  for  the  period  ended
     September 30, 2007.

     N. REVENUE RECOGNITION

     The Company  recognizes  revenue  from the sale of products and services in
     accordance  with the Securities and Exchange  Commission  Staff  Accounting
     Bulletin  No.  104  ("SAB   104"),   "Revenue   Recognition   in  Financial
     Statements."  Revenue  will  consist  of retail  sales  income  and will be
     recognized only when all of the following criteria have been met:

          (i)   Evidence of a retail  sales  ticket  exists;
          (ii)  Delivery has  occurred;
          (iii) The fee is fixed or determinable;  and
          (iv)  Revenue is reasonably assured.
NOTE 3 - CAPITAL STOCK

     A) AUTHORIZED STOCK:

     The Company has  authorized  75,000,000  common  shares with a par value of
     $0.001 per share.  Each common share  entitles  the holder to one vote,  in
     person or proxy,  on any matter on which action of the  stockholder  of the
     corporation is sought.

     B) SHARE ISSUANCE:

     From  inception of the Company  (March 14, 2007) to September 30, 2007, the
     Company issued  8,320,000  common shares.  4,000,000  shares were issued at
     $0.002 per share for total  proceeds of $8,000  being  $4,000 for par value
     shares and $4,000 for additional paid in capital.  These shares were issued
     to the director and officer of the Company. 4,320,000 shares were issued at
     $0.005 per share for total  proceeds of $21,600  being $4,320 for par value
     shares and $17,280 for additional paid in capital. These shares were issued
     to 36 independent investors pursuant to the SB-2 Registration Statement.

NOTE 4 - GOING CONCERN AND LIQUIDITY CONSIDERATIONS

     The accompanying  financial statements have been prepared assuming that the
     Company  will  continue  as  a  going  concern,   which   contemplates  the
     realization  of assets and the  liquidation  of  liabilities  in the normal
     course  of  business.  As  at  September  30,  2007,  the  Company  has  an
     accumulated  deficit of $10,705,  working capital of $18,645 and has earned

                                       9
<PAGE>
                                  MADERO, INC.
                          (A Development Stage Company)
                      Interim Notes to Financial Statements
                               September 30, 2007


NOTE 4 - GOING CONCERN AND LIQUIDITY CONSIDERATIONS (continued)

     no revenues since inception. The Company intends to fund operations through
     equity  financing  arrangements,  which  may be  insufficient  to fund  its
     capital  expenditures,  working capital and other cash requirements for the
     year ending December 31, 2007.

     The  ability  of the  Company  to  emerge  from  the  development  stage is
     dependent  upon,  among other  things,  obtaining  additional  financing to
     continue operations, and development of its business plan.

     These factors,  among others,  raise  substantial doubt about the Company's
     ability  to  continue  as  a  going  concern.  The  accompanying  financial
     statements  do not  include  any  adjustments  that might  result  from the
     outcome of this uncertainty.

NOTE 5 - INCOME TAXES

     The Company has incurred  operating losses of $10,705,  which, if utilized,
     will  begin to expire in 2027.  Future tax  benefits,  which may arise as a
     result  of  these  losses,  have  not been  recognized  in these  financial
     statements, and have been off set by a valuation allowance.

     Details of future income tax assets are as follows:

                                                                   June 30, 2007
                                                                   -------------
     Future income tax assets:
       Net operating loss (from inception to September 30, 2007)     $ 10,705
       Statutory tax rate (combined federal and state)                     34%
                                                                     --------
       Non-capital tax loss                                             3,640
       Valuation allowance                                             (3,640)
                                                                     --------
                                                                     $     --
                                                                     ========

     The potential  future tax benefits of these losses have not been recognized
     in these financial statements due to uncertainty of their realization. When
     the future  utilization of some portion of the  carryforwards is determined
     not to be "more  likely  than not," a  valuation  allowance  is provided to
     reduce the recorded tax benefits from such assets.

NOTE 6 - NEW ACCOUNTING PRONOUNCEMENTS

     None of the following new  pronouncements  has current  application  to the
     Company,  but  will  be  implemented  in  the  Company's  future  financial
     reporting when applicable.

                                       10
<PAGE>
                                  MADERO, INC.
                          (A Development Stage Company)
                      Interim Notes to Financial Statements
                               September 30, 2007


NOTE 6 - NEW ACCOUNTING PRONOUNCEMENTS (continued)

     In May 2005,  the FASB issued SFAS No. 154,  "Accounting  Changes and Error
     Corrections, a replacement of APB Opinion No. 20 and FASB Statement No. 3."
     This  statement  changes  the  requirements  for  the  accounting  for  and
     reporting  of a change in  accounting  principle.  Previously,  Opinion  20
     required that most voluntary changes in accounting  principle be recognized
     by including in net income of the period of change the cumulative effect of
     changing  to  a  new  principle.   This  statement  requires  retrospective
     application to prior periods' financial statements of changes in accounting
     principle, when practicable.

     In February  2006,  FASB issued  Financial  Accounting  Standards  No. 155,
     "Accounting for Certain Hybrid Financial Instruments - an amendment of FASB
     Statements No. 133 and 140. This Statement  amends FASB Statements No. 133,
     Accounting for Derivative Instruments and Hedging Activities,  and No. 140,
     Accounting   for   Transfers   and   Servicing  of  Financial   Assets  and
     Extinguishments of Liabilities. This Statement resolves issues addressed in
     Statement 133 Implementation Issue No. D1, "Application of Statement 133 to
     Beneficial  Interests  in  Securitized   Financial  Assets."  SFAS  155  is
     effective  for all  financial  instruments  acquired  or  issued  after the
     beginning of an entity's first fiscal year that begins after  September 15,
     2006.

     In  March  2006,  FASB  issued  Financial  Accounting  Standards  No.  156,
     "Accounting  for  Servicing  of  Financial  Assets - an  amendment  of FASB
     Statement  No.  140."  This  Statement   amends  FASB  Statement  No.  140,
     Accounting   for   Transfers   and   Servicing  of  Financial   Assets  and
     Extinguishments  of  Liabilities,   with  respect  to  the  accounting  for
     separately recognized servicing assets and servicing liabilities.  SFAS 156
     is effective in the first fiscal year that begins after September 15, 2006.

     In September  2006,  FASB issued  Financial  Accounting  Standards No. 157,
     "Fair Value Measurements." This Statement defines fair value, establishes a
     framework  for  measuring  fair  value  in  generally  accepted  accounting
     principles (GAAP), and expands  disclosures about fair value  measurements.
     This Statement applies under other accounting  pronouncements  that require
     or permit fair value measurements, the Board having previously concluded in
     those accounting pronouncements that fair value is the relevant measurement
     attribute.  Accordingly, this Statement does not require any new fair value
     measurements. However, for some entities, the application of this Statement
     will change  current  practice.  SFAS 157 is  effective in the first fiscal
     year that begins after November 15, 2007.

     In September  2006,  FASB issued  Financial  Accounting  Standards No. 158,
     "Employers' Accounting for Defined Benefit Pension and Other Postretirement
     Plans - an amendment of FASB  Statements No. 87, 88, 106, and 132(R)." This
     Statement  improves  financial   reporting  by  requiring  an  employer  to
     recognize  the  overfunded  or  underfunded  status  of a  defined  benefit
     postretirement  plan  (other  than a  multiemployer  plan)  as an  asset or

                                       11
<PAGE>
                                  MADERO, INC.
                          (A Development Stage Company)
                      Interim Notes to Financial Statements
                               September 30, 2007


NOTE 6 - NEW ACCOUNTING PRONOUNCEMENTS (continued)

     liability in its statement of financial  position and to recognize  changes
     in that  funded  status  in the year in which  the  changes  occur  through
     comprehensive  income of a business entity or changes in  unrestricted  net
     assets of a  not-for-profit  organization.  This  Statement  also  improves
     financial  reporting by requiring an employer to measure the funded  status
     of a plan as of the date of its year-end  statement of financial  position,
     with limited exceptions.  SFAS 158 is effective.  An employer with publicly
     traded  equity  securities  is required to initially  recognize  the funded
     status of a defined benefit postretirement plan and to provide the required
     disclosures  as of the end of the first fiscal year ending  after  December
     15, 2006.

     In February 2007, FASB issued Financial  Accounting Standards No. 159, "The
     Fair Value Option for Financial Assets and Financial Liabilities--Including
     an amendment of FASB Statement No. 115." This Statement permits entities to
     choose to measure many  financial  instruments  and certain  other items at
     fair value.  The objective is to improve  financial  reporting by providing
     entities with the opportunity to mitigate  volatility in reported  earnings
     caused by measuring  related  assets and  liabilities  differently  without
     having to apply  complex hedge  accounting  provisions.  This  Statement is
     expected to expand the use of fair value  measurement,  which is consistent
     with the  Board's  long-term  measurement  objectives  for  accounting  for
     financial  instruments.  SFAS 159 is  effective  as of the  beginning of an
     entity's first fiscal year that begins after November 15, 2007.

                                       12
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

RESULTS OF OPERATIONS

We are a development stage company and have generated no revenue to date.

We incurred operating expenses of $5,176 for the three-month period ended
September 30, 2007. These expenses consisted of general and administrative
expenses and costs associated with the filing of our SB-2 Registration
Statement.

Our cash at September 30, 2007 was $18,645. We had no liabilities as of
September 30, 2007.

Cash provided by financing activities from inception though September 30, 2007,
was $29,600. $8,000 resulting from the sale of our common stock to our director,
Mike Lizarraga, who purchased 4,000,000 shares of common stock at $.002 per
share on March 28, 2007, and 4,320,000 shares issued at $0.005 per share for
total proceeds of $21,600 issued to 36 independent investors pursuant to our
SB-2 Registration Statement that became effective on July 26, 2007.

Our auditors have expressed their doubt about our ability to continue as a going
concern unless we are able to generate profitable operations.

LIQUIDITY AND CAPITAL RESOURCES

Our cash balance at September 30, 2007 was $18,645. Our business plan
requirements included a material provision that we complete our offering to
raise $21,600. The offering was completed on August 31, 2007. We currently have
plans to hire one additional employee in the next twelve months.

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.

PLAN OF OPERATION

We have generated no revenues since inception and have incurred $10,705 in
expenses as of September 30, 2007.

The following table provides selected financial data about our company for the
period from the date of incorporation through September 30, 2007.

                                       13
<PAGE>
                 Balance Sheet Data:                  9/30/07
                 -------------------                  -------
                 Cash                                $ 18,645
                 Total assets                        $ 18,895
                 Total liabilities                   $      0
                 Shareholders' equity                $ 18,895

Other than the 4,320,000 shares offered pursuant to our registration statement,
no other source of capital has been identified or sought. Our director has
verbally agreed to loan the company funds to continue operations, if necessary,
prior to generating revenues from operations, but there is no formal commitment,
arrangement or legal obligation requiring him to advance or loan funds to us.

OUR ESTIMATED DIRECT AND INDIRECT COSTS NEEDED TO IMPLEMENT OUR BUSINESS PLAN:

Our director has outlined our business plan for the next twelve months. The
projected expenditures per period are approximations only and subject to
adjustment. These expenditures describe the cash flows from our offering that
are dedicated for implementing our business plan only and do not include other
general and administrative overhead expenses such as legal, accounting, and
filing fees. The majority of our director's time through September 30, 2007 was
spent securing the necessary funding from our offering in order to implement our
proposed business plan. Our director has also utilized this time to begin the
design our first restaurant and locate a suitable location.

JULY - DECEMBER 2007

We budgeted monthly rental expenses at $300 per month beginning in July 2007.
Officer salary began in August, 2007 at $500 per month. Total estimated
expenditures for this period are $4,300.

JANUARY - MARCH 2008

We plan to begin remodeling our first location in January 2008 at a cost of
$2,000 for the first month, and $1,000 per month for the subsequent two months.
We also intend to begin acquiring our initial inventory at a cost of $1,000,
hire staff at a cost of $500, and begin advertising at a cost of $1,000. Ongoing
costs of rent will be $900, and officer salary of $1,500. Our total cost of
operations for this period is estimated to be $8,900.

APRIL - JUNE 2008

We intend to open our first restaurant in April 2008. The following cost
estimates for this period are: Rental payments of $900, Inventory $3,000,
Officer Salary $1,500, Staff $1,500, and Advertising $1,500. Our total cost of
operations for this period is estimated to be $8,400. We believe sales will
begin to sustain our operations during this period. Our director has also agreed
to loan the company funds in the event we have a shortfall in operating capital
in our start-up phase. Once revenues are sufficient we may consider hiring
additional staff to assist our director.

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SIGNIFICANT ACCOUNTING POLICIES

The un-audited financial statements as of September 30, 2007 included herein
have been prepared without audit pursuant to the rules and regulations of the
U.S. Securities and Exchange Commission. Certain information and footnote
disclosures normally included in financial statements prepared in accordance
with general accepted accounting procedures have been condensed or omitted
pursuant to such rules and regulations. In the opinion of management, all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation have been included. It is suggested that these financial
statements be read in conjunction with our March 31, 2007 audited financial
statements and notes thereto, which can be found in our Form SB-2 Registration
Statement on the SEC website at www.sec.gov under our SEC File Number
333-143845.

Our financial statements have been prepared in accordance with generally
accepted accounting principles in the United States. Because a precise
determination of many assets and liabilities is dependent upon future events,
the preparation of financial statements for a period necessarily involves the
use of estimates which have been made using careful judgement.

The financial statements have, in management's opinion, been properly prepared
within reasonable limits of materiality and within the framework of the
significant accounting policies summarized below:

A. BASIS OF PRESENTATION

The accounting and reporting policies of the Company conform to U.S. generally
accepted accounting principles applicable to development stage enterprises.

B. FISCAL PERIODS

The Company's fiscal year end is December 31.

C. USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amount of revenues and expenses during the reporting
period. Actual results could differ from those estimates.

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<PAGE>
D. CASH AND CASH EQUIVALENTS

Cash and cash equivalents include cash in banks, money market funds, and
certificates of term deposits with maturities of less than three months from
inception, which are readily convertible to known amounts of cash and which, in
the opinion of management, are subject to an insignificant risk of loss in
value. The Company had $18,645 in cash and cash equivalents at September 30,
2007.

E. START-UP COSTS

In accordance with the American Institute of Certified Public Accountants
Statement of Position 98-5, "REPORTING ON THE COSTS OF START-UP ACTIVITIES", the
Company expenses all costs incurred in connection with the start-up and
organization of the Company.

F. FAIR VALUE OF FINANCIAL INSTRUMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS

The Company has adopted Statement of Financial Accounting Standards ("SFAS")
Number 119, "Disclosure About Derivative Financial Instruments and Fair Value of
Financial Instruments." The carrying amount of accrued liabilities approximates
its fair value because of the short maturity of this item. Certain fair value
estimates may be subject to and involve, uncertainties and matters of
significant judgment, and, therefore, cannot be determined with precision.
Changes in assumptions could significantly affect these estimates. The Company
does not hold or issue financial instruments for trading purposes, nor does it
utilize derivative instruments in the management of its foreign exchange,
commodity price or interest rate market risks.

G. SEGMENTED REPORTING

SFAS Number 131, "Disclosure About Segments of an Enterprise and Related
Information", changed the way public companies report information about segments
of their business in their quarterly reports issued to shareholders. It also
requires entity-wide disclosures about the products and services an entity
provides, the material countries in which it holds assets and reports revenues
and its major customers. The company plans to operate its restaurants in Mexico.

H. FEDERAL INCOME TAXES

Deferred income taxes are reported for timing differences between items of
income or expense reported in the financial statements and those reported for
income tax purposes in accordance with SFAS Number 109, "ACCOUNTING FOR INCOME
TAXES", which requires the use of the asset/liability method of accounting for
income taxes. Deferred income taxes and tax benefits are recognized for the
future tax consequences attributable to differences between the financial
statement carrying amounts of existing assets and liabilities and their
respective tax bases, and for tax loss and credit carryforwards. Deferred tax
assets and liabilities are measured using enacted tax rates expected to apply to

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<PAGE>
taxable income in the years in which those temporary differences are expected to
be recovered or settled. The Company provides for deferred taxes for the
estimated future tax effects attributable to temporary differences and
carryforwards when realization is more likely than not.

I. EARNINGS (LOSS) PER SHARE

The Company has adopted Financial Accounting Standards Board ("FASB") Statement
Number 128, "Earnings per Share," ("EPS") which requires presentation of basic
and diluted EPS on the face of the income statement for all entities with
complex capital structures and requires a reconciliation of the numerator and
denominator of the basic EPS computation to the numerator and denominator of the
diluted EPS computation. In the accompanying financial statements, basic
earnings (loss) per share is computed by dividing net income/loss by the
weighted average number of shares of common stock outstanding during the period.

J. FOREIGN CURRENCY TRANSACTIONS

The Company's functional currency will be the Mexican Peso. The Company's
reporting currency is the U.S. Dollar. All transactions initiated in Mexican
Pesos are translated to U.S. Dollars in accordance with SFAS No. 52 "Foreign
Currency Translation" as follows:

     (i)   Monetary assets and liabilities at the rate of exchange in effect at
           the balance sheet date;
     (ii)  Equity at historical rates; and
     (iii) Revenue and expense items at the average rate of exchange prevailing
           during the period.

Adjustments arising from such translations are deferred until realization and
are included as a separate component of stockholders' equity as a component of
comprehensive income or loss. Therefore, translation adjustments are not
included in determining net income (loss) but reported as other comprehensive
income.

For foreign currency transactions, the Company translates these amounts to the
Company's functional currency at the exchange rate effective on the invoice
date. If the exchange rate changes between the time of purchase and the time
actual payment is made, a foreign exchange transaction gain or loss results
which is included in determining net income for the period.

No significant realized exchange gains or losses were recorded from inception
(March 14, 2007) to September 30, 2007.

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<PAGE>
K. DERIVATIVE FINANCIAL INSTRUMENTS

The Company was not a party to any derivative financial instruments during the
reported fiscal period.

L. STOCK-BASED COMPENSATION

The Company adopted the provisions of Statement of Financial Accounting
Standards ("SFAS") No. 123(R), "SHARE-BASED PAYMENT", which establishes
accounting for equity instruments exchanged for employee services. Under the
provisions of SFAS 123(R), stock-based compensation cost is measured at the
grant date, based on the calculated fair value of the award, and is recognized
as an expense over the employees' requisite service period (generally the
vesting period of the equity grant). The Company accounts for share-based
payments to non-employees, in accordance with SFAS 123 (as originally issued)
and Emerging Issues Task force Issue No 96-18, "ACCOUNTING FOR EQUITY
INSTRUMENTS THAT ARE ISSUED TO OTHER THAN EMPLOYEES FOR ACQUIRING, OR IN
CONJUNCTION WITH SELLING, GOODS OR SERVICES".

M. COMPREHENSIVE INCOME (LOSS)

SFAS No. 130, "Reporting Comprehensive Income", establishes standards for
reporting and display of comprehensive income and its components in a full set
of general-purpose financial statements. For the period ended September 30,
2007, the Company had no items of other comprehensive income. Therefore, net
loss equals comprehensive loss for the period ended September 30, 2007.

N. REVENUE RECOGNITION

The Company recognizes revenue from the sale of products and services in
accordance with the Securities and Exchange Commission Staff Accounting Bulletin
No. 104 ("SAB 104"), "Revenue Recognition in Financial Statements." Revenue will
consist of retail sales income and will be recognized only when all of the
following criteria have been met:

     (i)   Evidence of a retail sales ticket exists;
     (ii)  Delivery has occurred;
     (iii) The fee is fixed or determinable; and
     (iv)  Revenue is reasonably assured.

ITEM 3. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and the principal financial officer, we have
conducted an evaluation of the effectiveness of the design and operation of our

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<PAGE>
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities and Exchange Act of 1934, as of the end of the period
covered by this report. Based on this evaluation, our principal executive
officer and principal financial officer concluded as of the evaluation date that
our disclosure controls and procedures were effective such that the material
information required to be included in our Securities and Exchange Commission
reports is recorded, processed, summarized and reported within the time periods
specified in SEC rules and forms relating to our company, particularly during
the period when this report was being prepared.

Additionally, there were no significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
evaluation date. We have not identified any significant deficiencies or material
weaknesses in our internal controls, and therefore there were no corrective
actions taken.

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<PAGE>
                           PART II - OTHER INFORMATION

ITEM 6. EXHIBITS

The following exhibits are included with this quarterly filing. Those marked
with an asterisk and required to be filed hereunder, are incorporated by
reference and can be found in our Form SB-2 Registration Statement, filed under
SEC File Number 333-143845, at the SEC website at www.sec.gov:

     Exhibit No.                      Description
     -----------                      -----------

         3.1          Articles of Incorporation*
         3.2          Bylaws*
        31.1          Sec. 302 Certification of Chief Executive Officer
        31.2          Sec. 302 Certification of Chief Financial Officer
        32.1          Sec. 906 Certification of Chief Executive Officer
        32.2          Sec. 906 Certification of Chief Financial Officer

                                   SIGNATURES

Pursuant to the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                            Madero, Inc., Registrant


October 15, 2007            By: /s/ Mike Lizarraga
                                ------------------------------------------------
                                Mike Lizarraga, Sole Director, President,
                                Chief Executive Officer, Chief Financial Officer
                                and Chief Accounting Officer

In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

                            Madero, Inc., Registrant


October 15, 2007            By: /s/ Mike Lizarraga
                                ------------------------------------------------
                                Mike Lizarraga, Sole Director, President,
                                Chief Executive Officer, Chief Financial Officer
                                and Chief Accounting Officer

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