UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549





FORM 10-Q





xQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934





For the quarterly period ended September 30, 2010





oTRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934





For the transition period from _______________ to _________________





333-141035


(Commission file number)










SPUR RANCH, INC.


FORMERLY KNOWN AS


NEW GREEN TECHNOLOGIES, INC.


(Exact name of registrant as specified in its charter)





Florida
88-0409143(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)





500 N. Capital of Texas Hwy Building 3, Ste 100 Austin, Texas 78746   (Address of principal executive offices) (Zip Code)





(512) 355-1077  (Registrant's telephone number, including area code)





Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities 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 o





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 definition of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.





Large accelerated filer
o
Accelerated filer
oNon-accelerated filer
o
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 o No x





State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date:  as of November 5, 2010, there were 12,992,216 common shares outstanding.





Transitional Small Business Disclosure Format (Check one): Yes o No x





Documents Incorporated by Reference: None







1








Table of Contents
PagePART I
FINANCIAL INFORMATION
4Item 1
Financial Statements
4BALANCE SHEETS as of  September 30, 2010 (Unaudited) and December 31, 2009
4STATEMENTS OF OPERATIONS For the three and nine months ended September 30, 2010 and 2009 (Unaudited)
5STATEMENTS OF CASH FLOWS For the nine months ended September 30, 2010 and 2009 (Unaudited)
6Notes to Financial Statements
7Item 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
19Item 3
Quantitative and Qualitative Disclosures about Market Risk
26Item 4T
Controls and Procedures
26PART II
OTHER INFORMATION
27Item 6
Exhibits
27SIGNATURES
27






























































2








Forward looking statements





We are including the following cautionary statement in this Form 10-Q to make applicable and take advantage of the safe harbor provision of the Private Securities Litigation Reform Act of 1995 for any forward-looking statements made by, or on behalf of, Spur Ranch, Inc. formerly known as New Green Technologies (“New Green”, “Spur” or the "Company”). Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, future events or performance and underlying assumptions and other statements that are other than statements of historical facts. The statements contained herein and other information contained in this report may be based, in part, on management's estimates, projections, plans and judgments. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. In this report, the words "anticipates", "believes", "expects", "intends", "future", "plans", "targets" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. We undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances that may arise after the date hereof. Our expectations, beliefs and projections are expressed in good faith and are believed to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in our records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. In addition to other factors and matters discussed elsewhere herein, the following are important factors that could cause actual results to differ materially from those discussed in the forward-looking statements: our dependence on limited cash resources, dependence on certain key personnel within the Company, and the ability to raise additional capital; our ability to obtain acceptable forms and amounts of financing; the demand for, and price level of, our products and services; competitive factors; the ability to mitigate concentration of business in a small number of customers; the evolving industry and technology standards; the ability to protect proprietary technology; and our ability to efficiently manage our operations. Accordingly, actual results may differ, possibly materially, from the predictions contained herein.













3




PART I - FINANCIAL INFORMATION





ITEM 1.  FINANCIAL STATEMENTS




SPUR RANCH, INC.Formerly Known AsNew Green Technologies, Inc.BALANCE SHEETS(A Development Stage Company)(Unaudited)September 30,


December 31,2010


2009ASSETSCURRENT ASSETSCash and Cash Equivalents

$
-


$
2,504Total Current Assets


-



2,504PROPERTY AND EQUIPMENTComputers and Equipment, net


2,070



2,922CAVD Unit, net


49,996



64,999BORS/Plasma Equipment, net


24,000



27,600Total Property and Equipment


76,066



95,521OTHER ASSETSCAVD Technology


1



645,667Plasma/BORS Technology


2



300,000New Green Technology


1



12,000Spur Ranch Intangibles


100,000



-Marketable Securities - Available for Sale


50,000



-Total Other Assets


150,004



957,667Total Assets

$
226,070


$
1,055,692LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)CURRENT LIABILITIESAccounts Payable

$
135,988


$
142,828Accrued Liabilities


237,023



282,000Current Portion  Notes Payable – Related Parties


75,000



75,000Accrued Interest


7,600



-Accrued Interest – Related Party


78,425



64,925Total Current Liabilities


534,036



564,753OTHER LIABILITIESNotes Payable:Related Parties


207,249



204,730Other


42,500



50,000Due to Related Parties


42,966



2,500Total Other Liabilities


292,715



257,230Total Liabilities


826,751



821,983STOCKHOLDERS' EQUITY (DEFICIT)Common Stock,[1] $.001 par value, 200,000,000 Shares Authorized 11,142,216 and 28,298 Issued and Outstanding Respectively


151,862



99,044Preferred Stock, $.001 par value, 70,000,000 Shares Authorized 29,517 Issued and Outstanding


29



29Additional Paid - in Capital


19,802,312



18,349,471Total Capital Stock


19,954,203



18,448,544Accumulated Deficit


(19,544,884
)


(18,214,835
)Deferred Compensation


(1,010,000
)


-Total Stockholders' Equity (Deficit)


(600,681
)


233,709Total Liabilities & Equity (Deficit)

$
226,070


$
1,055,692See accompanying notes to the unaudited condensed financial statements which are an integral part of these financial statements.The balance sheet of December 31, 2009 was taken from the audited financial statements of that date.[1] Common Shares Issued and Outstanding have been adjusted for a 1:3,500 reverse stock split with an effective date of August 25, 2010




4





SPUR RANCH, INC.Formerly Known AsNew Green Technologies, Inc.UNAUDITEDSTATEMENTS OF OPERATIONS(A Development Stage Company)Three Months ended

September 30, 2010


Three Months ended

September 30, 2009


Nine Months ended

September 30, 2010


Nine Months ended

September 30, 2009


Accumulated from Date of Inception through

September 30, 2010Net Sales

$
-


$
-


$
-


$
-


$
-Cost of Sales


-



-



-



-



-Gross Profit


-



-



-



-



-Selling, General & Administrative Expenses


64,975



160,270



266,541



581,235



15,043,378Research And Development


-



-



-



-



1,374,586Loss from Operations


(64,975
)


(160,270
)


(266,541
)


(581,235
)


(16,417,964
)Loss on Sale of Securities


-



-



-



-



697,237Permanent Impairment Writedown on Marketable Securities


-



-



-



-



1,112,309Impariment of Long-Lived Intangible Assets


-



-



957,663



-



957,663Interest Expense


8,143



13,250



105,845



68,917



359,711Net Loss

$
(73,118
)

$
(173,520
)

$
(1,330,049
)

$
(650,152
)

$
(19,544,884
)Basic Net Loss Per Common Share

$
(0.01
)

$
(7.87
)

$
(0.53
)

$
(47.19
)Diluted Net Loss Per Common Share

$
(0.01
)

$
(7.87
)

$
(0.53
)

$
(47.19
)Weighted Average of Common Shares Outstanding


7,432,424



22,056



2,498,642



13,777See accompanying notes to unaudited condensed financial statements which are an integral part of these financial statements.















5





SPUR RANCH, INC.Formerly Known AsNew Green Technologies, Inc.UNAUDITEDSTATEMENTS OF CASH FLOWS(A Development Stage Company)Nine Months Ended

September 30, 2010


Nine Months Ended

September 30, 2009


Accumulated from Date of Inception through

September 30, 2010OPERATING ACTIVITIESNet Loss

$
(1,330,049
)

$
(650,152
)

$
(19,544,884
)Adjustments To Reconcile Net Loss to Cash Provided by (Used by) Operating Activities:Depreciation


19,653



19,653



86,096Amortization of Debt Discount


-



-



40,000Issuance of Common  Shares for Rent


-



-



9,100Issuance of Common  Shares for Services


356,760



306,183



12,312,200Issuance to Regent


-



-



839,232Issuance of Common  Shares for Interest


-



-



10,666Loss on Sale of Securities


-



-



697,237Loss on Investment


-



-



202,537Impariment of Long-Lived Intangible Assets


957,663



-



957,663Permanent Impairment Writedown on Marketable Securities


-



-



903,468Changes in Operating Assets and LiabilitiesAccounts Payable


(5,591
)


(104,213
)


83,929Interest Expense/Accrued Interest-Related Parties


21,100



68,917



228,222Stock Loans Receivable


-



-



7,000Accrued Liabilities


(57,325
)


234,100



1,046,009Due to Related Parties


32,000



-



(17,000
)Cash Provided by (Used by) Operating Activities


(5,789
)


(125,512
)


(2,138,525
)INVESTING ACTIVITIESPurchase of Fixed Assets


(201
)


-



(24,082
)Cash Proceeds on Sale of Marketable Securities


-



-



201,208Loss on Langley


-



-



6,304Employee Advances


-



-



(300,000
)Licensing Fee


-



-



(4,500
)Investment in SEP


-



-



(50,000
)Cash Used By Investing Activities


(201
)


-



(171,070
)FINANCING ACTIVITIESProceeds from notes payable


10,986



121,032



549,998Net Proceeds From Shareholder Advances


(7,500
)


-



1,726,241Stock Subscription


-



-



45,000Cash Provided By Financing Activities


3,486



121,032



2,321,239(Decrease) in Cash and Cash Equivalents


(2,504
)


(4,480
)


-CASH AND CASH EQUIVALENTS, beginning of period


2,504



4,480



-CASH AND CASH EQUIVALENTS, end of period

$
-


$
-


$
-Supplemental schedules of non-cash and investing activitiesand financing activities:Issuance of restricted common stock fordeferred dompensation


1,010,000



-



1,010,000Issuance of restricted common stock forintangibles


100,000



-



100,000Issuance of restricted common stock formarketable Securities - available for sale


50,000



-



50,000See accompanying notes to unaudited condensed financial statements which are an integral part of these financial statements.


6
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010





NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES





Overview of the Company:





Spur Ranch, Inc. “The Company” (formerly New Green Technologies, Inc) is a development stage company that was incorporated under the laws of the state of Nevada on December 31, 1996. The Company is currently undergoing a major shift in its business focus. The Company, which is currently a developer of technology and devices for green energy, bio-fuel, and energy products has not been profitable since inception. Due to significant historical losses, low energy prices and a limited market for the Company’s offerings, the Company intends to diversify its business into other areas which can provide the opportunity to create near term revenue. The Board of Directors and majority of the Company’s shareholders voted on July 23, 2010 to bring in new Management and new Board Members to adopt a new business strategy and reorganize the Company around this strategy. Pursuant to a new business plan adopted by the Company on August 1, 2010, the Company aims to do the following:





A)
Evaluate the energy and green energy technology portfolio and business offerings to determine an appropriate operating strategy. This may include continued investment and development into the processes, technologies, devices or sales channels or it may include the divestiture, sale or liquidation of the alternative energy assets and business. The Company will continue to operate this line of business until a decision has been made by the Board of Directors.





B)
Diversify and expand the business into the area of the acquisition and development of real estate, and real estate related to equestrian and polo communities as well as polo and equestrian venues, events and media. It is the intent of the Company to develop these properties on an international scale, using alternative energy technologies to create sustainable residential and leisure environments related to the equestrian marketplace. The Company plans to earn money from developing unique and affordable polo-themed real estate communities, equestrian facilities and operations, polo “reality based” television programming, polo tournaments and match competitions, and merchandising. It is the goal of the Company to bring polo to the broader market. The Company has changed its name to Spur Ranch, Inc. to reflect this new business focus.





Since inception we have incurred significant losses and have an accumulated deficit in our retained earnings of $19,544,884. As of September 30, 2010 we have $0.00 in cash and cash equivalents. We are undergoing a shift in our business strategy and currently do not have sufficient funds to execute this strategy. We will need to raise additional funds and we cannot be certain that additional financing will be available at terms satisfactory to us or at all. These financial statements do not include any adjustments to reflect this uncertainty.





On October 21, 2010 we changed our trading symbol to “SPRA” which more closely reflects our core business and new company name. We are currently publicly traded on the OTC bulletin board.





Brief Corporate History:





The Company was originally established as Tel-Voice Communications, Inc. ("Tel-Voice") which incorporated under the laws of the State of Nevada on December 31, 1996. On June 30, 2000, Tel-Voice acquired Smartdotcom, Inc. ("SDC") in a transaction accounted for as a reverse merger whereby the Company retained the name Tel-Voice Communications, Inc. SDC had developed a technology that provided private electronic networks for labor unions and integrated communities. SDC’s business included subscribers which were members of the unions and communities to which SDC intended to provide the hardware, software and technical support required to setup and maintain the networks. However, SDC was never able to grow due to lack of capital and sustained losses.





In December 2002, the Company abandoned the business plan associated with the SDC business. On December 16, 2002, the Company closed a stock for debt exchange with our creditors effective on December 11, 2002 whereby all of the outstanding debt was converted to unregistered common stock at a conversion rate of one (1) share of common stock for each $0.45 of debt. On January 10, 2003, a majority of the shareholders approved (i) a reverse split of 28.9 shares of the old common stock for 1 share of new common stock effective January 13, 2003, (ii) the acquisition of a private entity name Home Services, Inc. and (iii) a name change to Home Services International, Inc.





Home Services International, Inc. (“HSVI”) intended to act as a holding company for service businesses related to home building and home buying that wanted to expand into national markets. HSVI intended to acquire, establish joint ventures and develop such businesses.





HSVI was presented with a business plan for a unique alternative energy technology by the management of Internal Command International (“ICI”), a Florida based private entity.  HSVI believed that the Energy Commander technology for low impact hydro power production presented a unique opportunity.  HSVI believed that ICI’s technology might fulfill a unique niche in the energy market.  As a result, HSVI sought to acquire the technology and related expertise through the reverse merger process.




7
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010


NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFCANT ACCOUNTING POLICIES- continued




On January 2, 2004, the Company entered into a merger agreement with ICI. HSVI (the Company) issued 27,500,000 shares of its Series A Preferred stock to the shareholders of ICI.  In connection with this acquisition, the Company’s name was changed to Internal Hydro International, Inc. (“IHDR”).  On February 4, 2004, the Company’s domicile was changed to Florida.





As a result of the merger transaction with HSVI, the former Company stockholders obtained control of HSVI's voting stock. For financial accounting purposes, the acquisition was a reverse acquisition of HSVI, under the purchase method of accounting, and was treated as a recapitalization with the Company as the acquirer.





On February 20, 2007, we changed our name to Renewable Energy Resources, Inc.





On May 27, 2008 the Company changed its name to New Green Technologies, Inc. ("New Green" or “NGRN”), to reflect the Company’s broader range of business endeavors to include the development of energy, green energy and bio-fuel projects.





On July 23, 2010 the Company’s Board of Directors and a majority of its shareholders voted to change its name to “Spur Ranch” and subsequently filed an application with FINRA to change its trading symbol. On October 21, 2010 our trading symbol was changed to “SPRA.”





Recent Events:





In August of 2010, the Company adopted a new business plan whereby the Company intends to diversify its business into other areas which, in its belief, can provide the opportunity to create near term revenue.





Pursuant to a this newly adopted business plan, the Company will add to its operational strategy the acquisition and development of real estate, and real estate related to equestrian communities as well as equestrian and polo related media, events, technologies, and game development. It is the intent of the Company to develop these properties internationally, using alternative energy technologies to create sustainable residential and leisure environments related to the equestrian marketplace. The Company intends to establish these businesses under the brand “Spur Ranch” to which it is changing its name to reflect this new business.





On July 23, 2010 the Board of Directors accepted the resignation of Mr. George Ring as the Company’s Chief Executive Officer and nominated Mr. Andrew Stack (age 39) to this position. Mr. Jeremy G. Stobie (age 34) assumed the position of Chief Financial Officer (CFO). There were no material disagreements or matters between any of the Parties.





On July 23, 2010 the Board of Directors and a Majority of the Company’s shareholders approved a 1:3,500 reverse stock split of the Company’s common shares which was effective on August 25, 2010.  This reduced the total outstanding common shares immediately after the split from 147,756,000 to 42,216. The Company’s authorized shares of 200,000,000 and par value of .001 was not affected by the reverse split.





On August 26, 2010 the Company entered into an asset contribution agreement with William Andrew Stack, Jeremy Stobie and John Stanton to acquire all of the intellectual and actual property related to the “Spur Ranch” equestrian line of business. These assets included: Spur Ranch Logo, Spur Ranch Enterprise Development Plan, Spur Ranch Development Conceptuals, Spur Ranch Lakecliff Plans and Platting, Architectural Renderings, Spur Ranch Opportunities, Inside Polo Trailers and Footage, Polo Photographs and Media (collectively the “Spur Intangibles”). Management believes that the cost basis for this property was in excess of $300,000, however, due to the special use of some of the intangibles, Management elected to record the total value as $100,000. 1,000,000 shares of the total issuance of 11,100,000 were recorded for financial statement purposes in exchange for the contribution of the Spur Intangibles, which reflected a transaction price of $0.10 per share.





For financial statement purposes Management recorded the issuance of 10,100,000 shares to the parties as deferred compensation and deferred Director’s fees. The shares were granted to the parties, but are subject to substantial forfeiture in the event that the parties (individually) resign from the Company, or are terminated from employment and from their board duties as the result of a vote of the Board of Directors within a 36 month period.





In the event of termination or separation the employee or director may purchase his shares for $0.10 or tender them back to the Company (“the Termination Forfeiture”). This Termination Forfeiture is effective for a 48 month period from the date of issuance, and is released beginning the 12th month from issuance, ratably over a 36 month period. Management will record an expense to compensation over this three year period, ratably over expiration of the Termination Forfeiture period.




8
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010





NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFCANT ACCOUNTING POLICIES- continued





Deferred compensation liability of $1,010,000 was recorded on the balance sheet which shall be amortized over the expiration of the Termination Forfeiture period, with a corresponding expense on the income statement, beginning on the 13th month from the date of issuance. The effective share price for this deferred compensation issuance was $0.10 which management believes reflects the value of the Company’s restricted stock on the date of issue which is supported by current trading activity.





As a result of the two transactions above the following shares of restricted common stock was issued to the following persons:





Restricted CommonShares IssuedMr. Andrew Stack


5,600,000Mr. John Stanton


2,750,000Mr. Jeremy G. Stobie


2,750,000Total


11,100,000


Total Amount Recorded on Balance Sheet as long lived intangible with relation to this contribution: $100,000





Total Amount Recoded on Balance Sheet as Deferred Compensation: $1,010,000





Immediately after the asset contribution agreement the total issued and outstanding shares of common stock was 11,142,216





Use of Estimates





The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.





Basis of Presentation





The accompanying unaudited financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Accordingly they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three month and nine month periods ended September 30, 2010 are not necessarily indicative of the results that may be expected for the year ended December 31, 2010. For further information, refer to the financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009. The balance sheet at December 31, 2009 has been derived from audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.





Fair Value of Financial Instruments





The carrying values of our cash and cash equivalents, and deposits approximate their fair value due to their short-term nature. As a basis for determining the fair value of certain of our assets and liabilities, we established a three tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows: (Level I): observable inputs such as quoted prices in active markets; (Level II) inputs other than the quoted prices in active markets that are observable either directly or indirectly; and (Level III) unobservable inputs in which there is little or no market data which requires us to develop our own assumptions. This hierarchy requires us to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. Our financial assets that are measured at fair value on a recurring basis consist only of cash equivalents.





As of September 30, 2010 the Company has $50,000 of available for sale marketable securities, based the exchange price for these shares ($0.10 per share of Spur Ranch Common Stock).  These securities are freely traded but the issuer is subject to a DTC chill which means that the securities cannot be currently deposited into the DTC system, and therefore have been recorded at a significant discount. The quoted price of these securities is $500,000. Management expects that this DTC chill may be resolved inthe next 12 months, and at that time that they are eligible for DTC transfer, the Company will begin to sell these  securities to fund operations, development, and or acquisitions of real property.  This discount more fairly reflects the exchange value of the Spur Ranch restricted common stock at $0.10 per share.






9
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010





NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFCANT ACCOUNTING POLICIES- continued





Cash and Cash Equivalents





The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents.





As of September 30, 2010 the Company only has no cash or cash equivalents.





Liquidity and Capital Resources





Since inception, the Company has faced and continues to face liquidity challenges resulting mainly from the lack of revenue and considerable operating losses. At present, the Company does not have access to an existing credit facility or working capital financing for its operations. The Company’s continued liquidity challenges were one of several significant factors leading to the decision to bring in new management and adopt a new business plan this year.





The Company currently has insufficient cash to meet its short and long term obligations and will require financing. The Company’s marketable securities cannot be currently deposited into the DTC system and sales of these securities may not be relied upon in the short term. Unless the Company is able to secure additional financing or investment it will not be able to meet its known or reasonably likely future cash requirements it will not be able to continue to operate and may result in a total loss to its Shareholders. The Company is currently seeking capital to launch its new business plan, however, the ability of the Company


to secure such capital is not certain.





Concentration of Credit Risk





The Company places its cash in what it believes to be credit-worthy financial institutions. However, cash balances may exceed FDIC insured levels at various times during the year.  The Company has not experienced any loss in such accounts.  There were no bank balances exceeding insured limits at September 30, 2010 and December 31, 2009.





The Company has no accounts receivables or notes or loans receivable as September 30, 2010.





Revenue





Revenues are recognized when services are rendered to customers, or when products have been sold to customers, and when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exists and collectability is reasonably assured.





There was no revenue generated during the three and nine months ended September 30, 2010 and 2009.





Income Taxes





Income taxes are provided for based on the liability method of accounting pursuant to ASC 740-10 “Income Taxes”.  Deferred income taxes, if any, are recorded, using enacted tax rates expected to apply, to reflect the tax consequences on future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each year-end.





Loss Per Share





The Company calculates earnings per share in accordance with ASC 260 "Earnings Per Share," which requires presentation of basic earnings per share ("Basic EPS") and diluted earnings per share ("Diluted EPS"). This calculation has been adjusted for the 1:3,500 reverse stock split that occurred on August 25, 2010. The computation of Basic EPS is computed by dividing loss available to common stockholders by the weighted average number of outstanding common sharesduring the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period.





10
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010





NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFCANT ACCOUNTING POLICIES- continued





The computation of Diluted EPS does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on earnings.  A total of 600 warrants to purchase shares of common stock were outstanding and excluded from the loss per share calculation at September 30, 2010.





Comprehensive Income or Loss





Comprehensive loss includes all changes in equity (net assets) during a period from non-owner sources. Through September 30, 2010, there are no components of comprehensive loss which are not included in net loss; therefore, a separate statement of comprehensive loss has not been presented. Comprehensive loss for three and nine months ended September 30, 2010 was $73,118and $1,330,049 respectively.





Stock Based Compensation





The Company is subject to the provisions of ASC 718 “Stock Compensation” which prescribes the recognition of compensation expense based on the fair value of options on the grant date. ASC 718 allows companies to continue applying APB 25 if certain pro forma disclosures are made assuming hypothetical fair value method, for which the Company uses the Black-Scholes option-pricing model. For non-employee stock based compensation, the Company recognizes an expense in accordance with ASC 718 and values the equity securities based on the fair value of the security on the date of grant unless a contract states otherwise. For stock-based awards the value is based on the market value for the stock on the date of grant and if the stock has restrictions as to transferability a discount is provided for lack of tradability. Stock option awards are valued using the Black-Scholes option-pricing model. The Company uses the fair value based method of accounting for its stock option plans. The Company expenses stock options and other share-based payments.





The Company recognized $0. and $120,000 of stock based compensation expenses for the 3 months and 9 months ended September 30, 2010 respectively.





Stock Compensation was paid to the following officers and directors during the third quarter in the following amounts:





Original Compensation

For the Quarter Ended
Actual Stock Based Compensation (Based on Closing Share Price as of Issue Date)
Shares IssuedAndrew Stack, CEO, Dir.
$20,000
None
NoneJeremy Stobie, CFO, Dir.
$12,000
None
None





Deferred Stock Compensation was paid to the following officers and directors during the third quarter in the following amounts:





Original Compensation

For the Quarter Ended
Deferred Stock Compensation (Based on Effective Issue Price)
Shares IssuedAndrew Stack, CEO, Dir.
$20,000
$509,550
5,095,496Jeremy Stobie, CFO, Dir.
$12,000
$250,225
2,502,252John Stanton, Dir.
$0
$250,225
2,502,252





Management recorded the issuance of 10,100,000 shares to the parties as deferred compensation and deferred Director’s fees. The shares were granted to the parties, but are subject to substantial forfeiture in the event that the parties (individually) resign from the Company, or are terminated from employment and from their board duties as the result of a vote of the Board of Directors within a 36 month period.





In the event of termination or separation the employee or director may purchase his shares for $0.10 or tender them back to the Company (“the Termination Forfeiture”). This Termination Forfeiture is effective for a 48 month period from the date of issuance, and is released beginning the 12th month from issuance, ratably over a 36 month period. Management will record an expense to compensation over this three year period, ratably over expiration of the Termination Forfeiture period.




11
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010





NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFCANT ACCOUNTING POLICIES- continued





A deferred compensation liability of $1,100,000 was recorded on the balance sheet which shall be amortized over the expiration of the Termination Forfeiture period, with a corresponding expense on the income statement, beginning on the 13th month from the date of issuance. The effective share price for this deferred compensation issuance was $0.10.





The Company does not currently have an employee stock ownership plan (ESOP).





Investments





Management reviews its investments, with the exception of financial instruments, at least annually and makes appropriate adjustments.





Advertising





The Company expenses advertising costs as incurred. The Company had no advertising expense in the three and nine months ended September 30, 2010 and 2009.





Recently Issued Accounting Pronouncements





In January 2010, the FASB issued updated guidance related to the fair value measurements and disclosure which requires a reporting entity to disclose separately the amounts of significant transfers in and out of Level I and Level II fair value measurements and to describe the reasons for the transfers. In addition, in the reconciliation of fair value measurements using Level III inputs, a reporting entity will be required to disclose information about purchases, sales, issuance and settlements on a gross rather than on a net basis. The updated guidance will also require fair value disclosures for each class of assets and liabilities and disclosures about the valuation techniques and inputs used to measure fair value for both recurring and non-recurring Level II and Level III fair value measurements. The updated guidance is effective for interim or annual reporting periods beginning after December 15, 2009, except for the disclosures regarding the reconciliation of Level III fair value measurements, which are effective for fiscal years beginning after December 15, 2010 and for interim periods within those fiscal years.  The adoption of this updated guidance did not have a material impact on our financial statements.





In April 2010, the FASB issued an accounting standard update which provides guidance on the criteria to be followed in recognizing revenue under the milestone method. The milestone method of recognition allows a vendor who is involved with the provision of deliverable to recognize the full amount of a milestone payment upon achievement, if, at the inception of the revenue arrangement, the milestone is determined to be substantive as defined in the standard. The guidance is effective on a prospective basis for milestones achieved in fiscal years and interim period within those fiscal years, beginning on or after June 15, 2010. Early adoption is permitted. We do not expect the adoption of the guidance to have a material impact on our financial statements.








NOTE 2 - GOING CONCERN CONSIDERATION





Since its inception, the Company has suffered recurring losses from operations and has been dependent on existing stockholders and new investors to provide the cash resources to sustain its operations. During the three and nine months ended September 30, 2010, the Company reported net losses of $73,118 and $1,330,049, respectively.





The Company’s long-term viability as a going concern is dependent on certain key factors, as follows:





·
The Company’s ability to obtain adequate sources of outside financing to support near term operations and to allow the Company to continue forward with current strategic plans.·
The Company’s ability to ultimately achieve revenue, adequate profitability and cash flows to sustain continuing operations.





These factors indicate that the Company may be unable to continue as a going concern unless additional capital is secured.  The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.











12
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010


NOTE 3 - RELATED PARTY TRANSACTIONS





For the nine months ended September 30, 2010, former officers and directors of the Company received approximately 5,760 shares as compensation for their services, no stock was issued for services in the 3rd Quarter. These shares were issued to Mr. George Ring, the Company’s former CEO and Mr. John Stanton, the Company’s Director. A related expense for these issuances was recorded.




Original Compensation

For the Second Quarter
Actual Stock Based Compensation (Based on Closing Share Price as of Issue Date)
Shares IssuedGeorge Ring, Former CEO
$30,000
$50,000
2,304John Stanton, Dir.
$45,000
$75,000
3,456





No shares for services were issued during the three month period ending September 30, 2010.





We borrow funds from officers and stockholders from time to time. Five individuals have advanced the Company money forgeneral and administrative expenses: Kenneth Brown, a Past President; James Baker, a former Director; James Thomas, a former Director; Andrew Stack, a current director and CEO; and Jeremy Stobie a current Director and CFO [SEE NOTE 9].





As of September 30, 2010, Mr. Thomas is owed a total of $45,000 of which is covered by a promissory note, Mr. Baker is owed $150,000 plus interest, and Mr. Brown is owed $2,500.  During the three and nine month periods ended September 30, 2010, 3,454 shares were issued to Bulovatech, for settlement of note payable in the amount of $37,481. Bulovatech is controlled by Mr. John Stanton, a Director of the Company. During the period beginning August 10, 2010 through September 30, 2010, Mr. Stobie advanced the Company $8,465 which was repaid in full on October 15, 2010, and Mr. Stack advanced the Company less than $1,000 which was repaid in full in October 2010. Mr. Stobie, through an affiliated entity Urbina & Company of Central Texas provided $7,150 of accounting services for the Company, which has not been paid as of the date of this report and is reflected in Accounts Payable.





There are no repayment terms specified for these notes except for Mr. Baker’s note which matures in full in 2012 and 20% annually if he so requests. The 20% portion for 2010 is shown as a current liability. As such, we have classified the balance of the loans as other liabilities.








NOTE 4 - STOCKHOLDERS' EQUITY





The Company’s Articles of Incorporation authorize the issuance of up to 200,000,000 shares of common stock, with a par value of $.001 and the issuance of up to 70,000,000 shares of preferred stock, with a par value of $.001.  On March 31, 2008 the Company authorized a 1:30 reverse of both its Common and Preferred shares. On July 23, 2010 the Company authorized a 1:3,500 reverse stock split for its Common shares. The Split was effective on August 25, 2010.





For the three months ended June 30, 2010, former officers and directors of the Company, Mr. George Ring and Mr. John Stanton received approximately 5,760 shares as compensation for their services. For the three months ended September 30, 2010 no shares were issued for services.





The Company as of September 30, 2010, had 11,142,216 common shares issued and outstanding





The Company as of September 30, 2010 has 29,517 preferred shares issued and outstanding.





COMMON STOCK





During the year, the Company engaged in various transactions affecting stockholders’ equity, as follows:





The Company issues shares of common stock from time to time to compensate consultants as consideration for services rendered.





These shares are valued at the trading value on the date of grant or per contract. For the three and nine month periods ended September 30, 2010, a total of 0 and 449 (as adjusted for the 1:3,500 reverse stock split that occurred on August 25, 2010) shares of common stock, respectively, were issued to consultants as payment for services totaling $9,000.





For the nine month period ended September 30, 2010, 2,407 and 3,683 shares of common stock (as adjusted for the 1:3,500 reverse stock split that occurred on August 25, 2010) were issued, respectively, as repayment for Notes Payable. Notes Payable are interest bearing and the interest is prepaid by discounted stock valued as of the issuance date of the Note. Pursuant to the terms of the Note, if the Note cannot be repaid within a specified time period, then restricted shares are issued to the lender equal to the amount of the Note. The shares are discounted approximately 50% as an inducement. A corresponding interest expense of was recorded for the below market portion of the conversion.




13
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010





NOTE 5 – COMMON AND PREFERRED STOCK –continued




The amount of stock issued in relief of Notes payable included 837 shares to Asher Enterprises Inc. (“Asher”) for a value of $7,500 (this number of shares was adjusted for the reverse stock split which occurred on August 25, 2010.  On December 15, 2009 the Company entered into a Secured Convertible Note for $50,000 with Asher at an interest rate of 8%. The Transfer Agent (Island Stock Transfer) was instructed as a part of the Agreement, to reserve 4,983 common shares (as adjusted for the 1:3,500 reverse stock split that occurred on August 25, 2010). A corresponding interest expense was recorded for the below market portion of the conversion.





For the nine month period ended September 30, 2010, 7,645 shares of common stock (as adjusted for the 1:3,500 reverse stock split that occurred on August 25, 2010)  were issued, as payment for services rendered from related parties.  Total value of the stock issued was $199,962. These issuances, all of which occurred prior to August 25, 2010 were reflected at the then trading value on the date of issuance for services in accordance with Company policy with the discount or premium reflected.





For the three and nine months ended September 30, 2010, 11,100,000 shares were issued in accordance with an asset contribution agreement, and for deferred compensation, by and between the company and Mr. Andrew Stack, Mr. John Stanton and Mr. Jeremy Stobie. This asset contribution was recorded at $100,000, and the deferred compensation liability was recorded at $1,100,000, which was the effective price of $0.10 for the Company’s restricted common stock. The Company’s securities are quoted on the over the counter bulletin board, however, they have not been actively traded since the 1:3,500 reverse split that occurred on August 25, 2010.





PREFERRED STOCK





The Company is authorized to issue up to 70,000,000 shares of Series A Convertible Preferred Stock, with a par value of $.001. Series A Convertible Preferred Stock can be exchanged at the option of the stockholder into shares of common stock at the rate of one share of Series A Convertible Preferred Stock for one share of Common Stock at any time after the first anniversary of the original date of issuance. The Series A Convertible Preferred Stock shall rank, as to dividends and upon liquidation senior and prior to the Company’s Common Stock and to all other classes or class of stock issued by the Company, except as otherwise approved by the affirmative vote or consent of the holders of a majority of the shares of Series A Convertible Preferred Stock. In addition, so long as any share of Series A Convertible Preferred Stock shall be outstanding, the holders of such convertible preferred stock shall be entitled to receive out of any funds legally available, when, as and if declared by the Board of Directors of the Company, preferential dividends at the rate of ten percent (10%) per annum, payable upon the first anniversary date of the original issue date, then quarterly with payment to be made in either cash or in the issuance of additional share of Series A Convertible Preferred Stock. Such dividends shall be cumulative and begin to accrue from the original issue date, whether or not declared and whether or not there shall be net profits or net assets of the Company legally available for the payment of those dividends. To date, no dividend has been declared by the Board of Directors. The Series A Convertible Preferred stockholders shall be entitled to vote on all matters requiring a shareholder vote of the Company. Each Series A Convertible Preferred shareholder of record shall have one vote for each share of Series A Convertible Preferred stock outstanding.





As of September 30, 2010 and December 31, 2009, there were 29,517 shares of preferred outstanding.





There were $0 and $1,890 in unpaid and undeclared cumulative dividends accrued during the three and nine month periods ended September 30, 2010, respectively. Total cumulative dividends unpaid and undeclared as of September 30, 2010 are $481,996.








NOTE 6 - PROPERTY AND EQUIPMENT





Depreciation is recorded on a straight-line basis over the estimated useful lives of the assets of 3 to 5 years. Depreciation expense for the three months ended September 30, 2010 and 2009 was $6,551 and $6,551, respectively. For the nine months ended September 30, 2010 and 2009, depreciation expense was $19,653 and $19,653, respectively.  Property and equipment consisted of the following at September 30, 2010:







14
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010


NOTE 6 - PROPERTY AND EQUIPMENT -continued





June 30, 2010Cost


Accumulated DepreciationCAVD Unit

$
100,000


$
50,004BORS/ PLASMA EQUIPMENT


36,000



12,000Computers and Equipment


41,266



39,196Total

$
177,266


$
101,200








NOTE 7 – INTANGIBLES AND ASSET IMPAIRMENT





We evaluate our long-lived assets for indicators of possible impairment when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Impairment exists if the carrying amount of such assets exceeds the estimates of future net undiscounted cash flows expected to be generated by such assets. Should impairment exist, the impairment loss would be measured based on the excess carrying value of the asset over the asset’s estimated fair value





As a result of continuing challenges in the deployment and sale of the Company’s technologies as well as a new business focus by the Company’s Management and Board of Directors, the Company reviewed its inputs used to determine the fair value of several of its long-lived intangibles.





Accordingly, the Company evaluated the ongoing value CAVD Technology, BORS/Plasma Technology and New Green Technologies. Based on this evaluation, the Company determined that long lived assets with a carrying amount of $957,667 were no longer recoverable and were in fact impaired. The Company reduced the carrying value of these assets to fair value, a total of $4, and recorded a corresponding impairment charge of $957,663 for the period ending June 30, 2010. Fair value was based on an analysis of expected future cash flows using Level 3 inputs under ASC 820. The cash flows are those expected to be generated by the market participants, discounted at the risk free rate of interest.





Balances as of September 30, 2010 and December 31, 2009 are as follows:





30-Jun-10


31-Dec-09CAVD TECHNOLOGY

$
1


$
645,667BORS/PLASMA TECHNOLOGY


2



300,000New Green Technologies


1



12,000Total

$
4


$
957,667


























15
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010


NOTE 7 – INTANGIBLES AND ASSET IMPAIRMENT -continued





Analysis of Impairment Loss:




CAVD


BORS/PLASMA


NEW GREENTECHNOLOGY


TECHNOLOGY


TECHNOLOGIESOriginal Carrying Amount

$
645,667


$
300,000


$
12,000Estimated Cash Flow Attributable toFuture Operations


0



0



0Fair Value


1



2



1Impairment Loss

$
645,666


$
299,998


$
11,999





The impairment analysis for CAVD Technology as an intangible asset with an indefinite life per ASC 360-10-35-21 is as follows:





We performed an impairment analysis on the CAVD Technology over at least the next seven years and cannot estimate any resulting cash flow from operations for the determinable future or for this period.  Therefore, the Company has written down this asset to a value of One Dollar.





An impairment expense of $645,666 was recognized on June 30, 2010, as an operating expense.





The impairment analysis for BORS Technology as an intangible asset with an indefinite life per ASC 360-10-35-21 is as follows:





We performed an impairment analysis on the BORS LIFT Technology over at least the next seven years and cannot estimate any resulting cash flow from operations for the determinable future or for this period.  Therefore, the Company has written down this asset to a value of One Dollar.





An impairment expense of $149,999 was recognized on June 30, 2010, as an operating expense.


The impairment analysis for PLASMA Technology as an intangible asset with an indefinite life per ASC 360-10-35-21 is as follows:





We performed an impairment analysis on the PLASMA Technology over at least the next seven years and cannot estimate any resulting cash flow from operations for the determinable future or for this period.  Therefore, the Company has written down this asset to a value of One Dollar.





An impairment expense of $149,999 was recognized on June 30, 2010, as an operating expense.





The impairment analysis for New Green Technologies as an intangible asset with an indefinite life per ASC 360-10-35-21 is as follows:





We performed an impairment analysis on the New Green Technologies over at least the next seven years and cannot estimate any resulting cash flow from operations for the determinable future or for this period.  Therefore, the Company has written down this asset to a value of One Dollar.





An impairment expense of $11,999 was recognized on June 30, 2010, as an operating expense.





On August 26, 2010 the Company entered into an asset contribution agreement with William Andrew Stack, Jeremy Stobie and John Stanton to acquire all of the intellectual and actual property related to the “Spur Ranch” equestrian line of business. These assets included: Spur Ranch Logo, Spur Ranch Enterprise Development Plan, Spur Ranch Development Conceptuals, Spur Ranch Lakecliff Plans and Platting, Architectural Renderings, Spur Ranch Opportunities, Inside Polo Trailers and Footage, Polo Photographs and Media (collectively the “Spur Intangibles”).




16
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010
 
 NOTE 7 – INTANGIBLES AND ASSET IMPAIRMENT –continued





Management believes that the cost basis for this property was in excess of $300,000, however, due to the special use of some of the intangibles, Management elected to record the total value as $100,000. 1,000,000 shares of the total issuance of 11,100,000 were recorded for financial statement purposes in exchange for the contribution of the Spur Intangibles, which reflected a transaction price of $0.10 per share.








NOTE 8 - STOCK OPTIONS





There were no stock options granted nor were there any pro forma effect of the vesting of options granted in the three and nine month periods ended September 30, 2010 or in the year ended December 31, 2009.








NOTE 9 - SHAREHOLDER LOANS





As of September 30, 2010 and December 31, 2009, the Company had outstanding loans from two former directors who are also shareholders totaling $195,000, one current officer and director for $8,465, and one current officer and director for less than $1,000. The loan for $150,000 is a five year note with a maturity of August 2012.  It has annual options for the note maker to receive up to 20 percent repayment if he elects.  The second loan of $45,000 is evidenced by a promissory note with no repayment date. The third loan, which was a series of advances made to the Company for the payment of operating expenses by Mr. Stobie, was fully repaid on October 15, 2010.  The fourth loan, which was a series of advances made to the Company for the payment of operating expenses by Mr. Stack was fully repaid in October 2010.








NOTE 10 – LEGAL





On April 23, 2008 the Company received notice of a lawsuit which was filed in the State of Alabama against the Company and several other defendants. The Plaintiff in the case is GA Energy LLC (GA Energy). et al v. Earthfirst Technologies, Inc et al; CV2008-900053.  GA Energy is seeking the return of a $200,000 partial payment made for technology. On June 6, 2008, the Company sent a Demand Letter for $150,000, the balance of the monies owed under the contract.  On July 14, 2008, the Company filed suit in Florida under the same contract seeking performance by GA Energy LLC.  The Company filed this lawsuit in Hillsborough against GA Energy for failing to respond to a June 6, 2008 demand letter for payment of $150,000 as described in a 2006 technology contract. Management believes the Company will be successful in it pursuit of GA Energy LLC.  On February 18, 2009 an Order was entered in the Circuit Court of Morgan County, Alabama to dismiss the suit on the basis of improper venue. The dismissal was without prejudice. If the suit is refilled in the proper venue and the Company were to lose this litigation it would have a material and adverse affect on its financial condition to include the potential insolvency of the Company.





On December 5, 2008 the Company received notice of a lawsuit which was filed in the State of Florida against the Company.  The Plaintiff in the case is Hyepong Cain et al v New Green Technologies Inc Case No: 08-CA-08406.  Hyepong Cain is seeking repayment of a July 22, 2004 loan of $20,000 plus interest.





On June 11, 2010 the Company received notice of a lawsuit which was filed in the State of Florida against the Company.  The Plaintiff in the case is William Maloney, Chapter 11 Trustee v. New Green Technologies, Inc. f/k/a Renewable Energy Resources, Inc., U.S. Sustainable Energy Corporation, and U.S. Energy Initiatives Corporation Case 8:10-ap-00790-MGW.  Mr. Maloney is seeking to recover fraudulent transfers, for breach of contract, and for unjust enrichment.  Management intends to defend this lawsuit, provided that is has funds sufficient to pay for the defense. In the event that this litigation is lost by the Company, it will lose a significant amount of its assets which will have a material and adverse affect on its financial condition.








NOTE 11 – COMMITMENTS CONTINGENCIES





Employment Agreements





The Company has retained a new CEO, W. Andrew Stack, and a new CFO Mr. Jeremy G. Stobie. Employment agreements for both officers are currently being negotiated. Due to the poor financial condition of the Company both officers agreed to begin working immediately without a cash payment or contract, pending however, that such contract negotiations are resolved prior to November 30, 2010. The provisions of the individual agreements being discussed currently (these have not been adopted) are as follows:







17
 SPUR RANCH, INC.
 Notes to Financial Statements
 September 30, 2010


NOTE 11 – COMMITMENTS CONTINGENCIES -continued





Position
Estimated

Contract Date
Term

Salary

Options
Price
VestingMr. W. Andrew Stack
CEO
11/30/2010
3-Year

$
180,000

Unknown
Unknown
UnknownMr. Jeremy G. Stobie
CFO
11/30/2010
3-Year

$
100,000

Unknown
Unknown
Unknown





In the event that the Company cannot come to agreement with Messrs. Stack and Stobie then the Company will have no management and will need to find replacement management and board members. The Company expects that these individuals will also be granted certain restricted stock as well as options, however, the details of such grants are unknown at this time. In the event that the Company does not have sufficient cash to pay the salaries of Messrs. Stack and Stobie, then at their option Messrs. Stack and Stobie may accept shares of the Company’s common stock for their services.





Legal





As described in Note 10, William Maloney, Chapter 11 Trustee has filed a lawsuit against the Company seeking to recover certain alleged fraudulent transfers, namely most of the Company’s property and equipment, the CAVD unit and the BORS/Plasma reactor. If the Company loses this lawsuit then substantially all of the Company’s assets will be lost which will have a material adverse effect on the Company’s already poor financial position.








NOTE 12 – SUBSEQUENT EVENTS





Proceeds from Related Party Loan





On October 15, 2010, Spur Ranch received loan proceeds of $45,000 from China Mezzanine, Inc. an interim lender. China Mezzanine, Inc. is owned and controlled by Mssrs. W. Andrew Stack and Jeremy Stobie. The terms of the loan provide for 18% annual interest, as well as 150,000 shares of restricted common stock as inducement to make the loan. The issuance of these shares will be recorded at fair value on the date of issuance. The maturity date for the loan is May 15, 2011.





Change of Trading Symbol





On October 21, 2010 our trading symbol was changed to “SPRA.”





Material Contract





On October 29, 2010, Spur Ranch Holdings, Inc. as wholly owned subsidiary of Spur Ranch, Inc. entered into a contract to acquire a 14.62 acre tract, with improvements, in Spicewood Texas. The Company deposited $7,000 as earnest money and will be required to deposit an additional escrow deposit of $60,500 on or before November 30, 2010. The total purchase price for the property will be $650,000, plus closing costs and accrued property taxes.





Debt Conversions and Issuance of Stock





On October 12, 2010 a non-affiliate debt holder converted $67,500 of debt into 600,000 shares of the Company’s common stock. Such conversion was affected at a below market price as an incentive to convert into equity. The conversion price was separately negotiated with the debt holder and the share price at conversion was arrived at as a result of these negotiations.





On October 21, 2010 a non-affiliate debt holder converted $25,000 of debt into 600,000 shares of the Company’s common stock. Such conversion was affected at a below market price as an incentive to convert into equity. The conversion price was separately negotiated with the debt holder and the share price at conversion was arrived at as a result of these negotiations. The conversion price was materially different from the conversion which occurred on October 12, 2010 as the debt holder was not confident in the Company’s share price and was not as agreeable to convert his debt into equity.




Related Party Stock Issuance





On November 1, 2010 the Company issued 150,000 shares of restricted common stock to China Mezzanine in accordance with a loan agreement. China Mezzanine is an entity beneficially owned and controlled by Mssrs. W. Andrew Stack and Jeremy Stobie.






18


Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation.





CAUTIONARY STATEMENT





The information in this report contains forward-looking statements. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects, and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of such words such as “believes,” “estimates,” “could,” “possibly,” “probably,” “anticipates,” “projects,” “expects,” “may,” “will,” or “should,” or other variations of similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management’s current expectations and are inherently uncertain. Our actual results may differ significantly from management’s expectations.





The following discussion and analysis should be read in conjunction with our financial statements, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents on the best present assessment of our management.





DESCRIPTION OF BUSINESS





Overview of the Company:





Spur Ranch, Inc. “The Company” (formerly New Green Technologies, Inc) is a development stage company that was incorporated under the laws of the state of Nevada on December 31, 1996. The Company is currently undergoing a major shift in its business focus. The Company which is currently a developer of technology and devices for green energy, bio-fuel, and energy products has not been profitable since inception. Due to significant historical losses and low energy prices and a limited market for the Company’s offerings, the Company intends to diversify its business into other areas which can provide the opportunity to create near term revenue. The Board of Directors and majority of the Company’s shareholders voted on July 23, 2010 to bring in new Management and new Board Members to adopt a new business strategy and reorganize the Company around this strategy. Pursuant to a new business plan adopted by the Company on August 1, 2010, the Company aims to do the following:





A)
Evaluate the energy and green energy technology portfolio and business offerings to determine an appropriate operating strategy. This may include continued investment and development into the processes, technologies, devices or sales channels or it may include the divestiture, sale or liquidation of the alternative energy assets and business. The Company will continue to operate this line of business until a decision has been made by the Board of Directors.





B)
Diversify and expand the business into the area of the acquisition and development of real estate, and real estate related to equestrian and polo communities as well as polo and equestrian venues, events and media. It is the intent of the Company to develop these properties in an international scale, using alternative energy technologies to create sustainable residential and leisure environments related to the equestrian marketplace. The Company plans to earn money from developing unique and affordable polo-themed real estate communities, equestrian facility and operation, polo “reality based television programming, polo tournament and match competition, and merchandising. It is the goal of the Company to bring polo to the broader market. The Company has changed its name to Spur Ranch, Inc. to reflect this new business focus.





Since inception we have incurred significant losses and have an accumulated deficit in our retained earnings of ($19,544,884). As of September 30, 2010 we haveno cash and cash equivalents.  We are undergoing a shift in our business strategy and currently do not have sufficient funds to execute this strategy. We will need to raise additional funds and we cannot be certain that additional financing will be available at terms satisfactory to us or at all. These financial statements do not include any adjustments to reflect this uncertainty.





We are a publicly traded company listed on the OTC Bulletin Board under the symbol “SPRA.”





Brief Corporate History:





The Company was originally established as Tel-Voice Communications, Inc. ("Tel-Voice") which incorporated under the laws of the State of Nevada on December 31, 1996. From 1996-2000, Tel-Voice was a development stage company with no business activity. On June 30, 2000, Tel-Voice acquired Smartdotcom, Inc. ("SDC") in a transaction accounted for as a reverse merger whereby the Company retained the name Tel-Voice Communications, Inc. SDC had developed a technology that provided private electronic networks for labor unions and integrated communities. SDC’s business included subscribers which were members of the unions and communities to which SDC intended to provide the hardware, software and technical support required to setup and maintain the networks. However, SDC was never able to grow due to lack of capital and sustained losses.





19





Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation - continued





In December 2002, the Company abandoned the business plan associated with the SDC business. On December 16, 2002, the Company closed a stock for debt exchange with our creditors effective on December 11, 2002 whereby all of the outstanding debt was converted to unregistered common stock at a conversion rate of one (1) share of common stock for each $0.45 of debt. On January 10, 2003, a majority of the shareholders approved (i) a reverse split of 28.9 shares of the old common stock for 1 share of new common stock effective January 13, 2003, (ii) the acquisition of a private entity name Home Services, Inc. and (iii) a name change to Home Services International, Inc.





Home Services International, Inc. (“HSVI”) intended to act as a holding company for service businesses related to home building and home buying that wanted to expand into national markets. HSVI intended to acquire, establish joint ventures and develop such businesses.





HSVI was presented with a business plan for a unique alternative energy technology by the management of Internal Command International (“ICI”), a Florida based private entity.  HSVI believed that the Energy Commander technology for low impact hydro power production presented a unique opportunity.  HSVI believed that ICI’s technology might fulfill a unique niche in the energy market.  As a result, HSVI sought to acquire the technology and related expertise through the reverse merger process. On January 2, 2004, the Company entered into a merger agreement with ICI. HSVI (the Company) issued 27,500,000 shares of its Series A Preferred stock to the shareholders of ICI.  In connection with this acquisition, the Company’s name was changed to Internal Hydro International, Inc. (“IHDR”).  On February 4, 2004, the Company’s domicile was changed to Florida.





As a result of the merger transaction with HSVI, the former Company stockholders obtained control of HSVI's voting stock. For financial accounting purposes, the acquisition was a reverse acquisition of HSVI, under the purchase method of accounting, and was treated as a recapitalization with the Company as the acquirer.





On February 20, 2007, we changed our name to Renewable Energy Resources, Inc.





On May 27, 2008 the Company changed its name to New Green Technologies, Inc. ("New Green" or “NGRN”), to reflect the Company’s broader range of business endeavors to include the development of energy, green energy and bio-fuel projects.





On July 23, 2010 the Company’s Board of Directors and a majority of its shareholders voted to change its name to “Spur Ranch” and subsequently filed an application with FINRA to change its trading symbol. On October 21, 2010 our trading symbol was changed to “SPRA.”





Recent Events:





In July of 2010, the Company adopted a new business plan whereby the Company intends to diversify its business into other areas which, in its belief, can provide the opportunity to create near term revenue.





Pursuant to a this newly adopted business plan, the Company will add to its operational strategy the acquisition and development of real estate, and real estate related to equestrian communities as well as equestrian and polo related media, events, technologies, and game development. It is the intent of the Company to develop these properties internationally, using alternative energy technologies to create sustainable residential and leisure environments related to the equestrian marketplace. The Company intends to establish these businesses under the brand “Spur Ranch” to which it is changing its name to reflect this new business





On July 23, 2010 the Board of Directors accepted the resignation of Mr. George Ring as the Company’s Chief Executive Officer and nominated Mr. Andrew Stack (age 39) to this position. Mr. Jeremy G. Stobie (age 34) assumed the position of Chief Financial Officer (CFO). There were no material disagreements or matters between any of the Parties.





On July 23, 2010 the Board of Directors and a Majority of the Company’s shareholders approved a 1:3,500 reverse stock split of the Company’s common shares which was effective on August 25, 2010.





On August 26, 2010 the Company entered into an asset contribution agreement with William Andrew Stack, Jeremy Stobie and John Stanton to acquire all of the intellectual and actual property related to the “Spur Ranch” equestrian line of business. These assets included: Spur Ranch Logo, Spur Ranch Enterprise Development Plan, Spur Ranch Development Conceptuals, Spur Ranch Lakecliff Plans and Platting, Architectural Renderings, Spur Ranch Opportunities, Inside Polo Trailers and Footage, Polo Photographs and Media (collectively the “Spur Ranch Intangibles”). Management believes that the cost basis for this property was in excess of $300,000, however, due to the special use of some of the intangibles, Management elected to record the total value as $100,000. 1,000,000 shares of the total issuance of 11,100,000 were recorded for financial statement purposes in exchange for the contribution of the Spur Intangibles, which reflects a transaction price of $0.10 per share.











20





Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation - continued




For financial statement purposes Management recorded the issuance of 10,100,000 shares to the parties as deferred compensation and deferred Director’s fees. The shares were granted to the parties, but are subject to substantial forfeiture in the event that the parties (individually) resign from the Company, or are terminated from employment and from their board duties as the result of a vote of the Board of Directors within a 36 month period.





In the event of termination or separation the employee or director may purchase his shares for $0.10 or tender them back to the Company (“the Termination Forfeiture”). This Termination Forfeiture is effective for a 48 month period from the date of issuance, and is released beginning the 12th month from issuance, ratably over a 36 month period. Management will record an expense to compensation over this three year period, ratably over expiration of the Termination Forfeiture period.





A deferred compensation liability of $1,010,000 was recorded on the balance sheet which shall be amortized over the expiration of the Termination Forfeiture period, with a corresponding expense on the income statement, beginning on the 13th month from the date of issuance. The effective share price for this deferred compensation issuance was $0.10.





As a result of the two transactions above the following shares of restricted common stock was issued to the following persons:




Restricted CommonShares IssuedMr. Andrew Stack


5,600,000Mr. John Stanton


2,750,000Mr. Jeremy G. Stobie


2,750,000Total


11,100,000





Total Amount Recorded on Balance Sheet as long lived intangible with relation to this contribution: $100,000





Total Amount Recoded on Balance Sheet as Deferred Compensation liability: $1,010,000





Immediately after the asset contribution agreement the total issued and outstanding shares of common stock was 11,142,216.





On October 21, 2010 we changed our trading symbol to “SPRA” which more closely reflects our core business and new company name.





BUSINESS STRATEGY





On July 23, 2010 after successive periods of losses, a lack of funding and a lack of traction in the alternative energy market the Company decided to bring on new Management and adopt a new business plan. The new Management will continue to evaluate the existing technologies to determine whether or not to continue this line of business, however, the Company will shift its focus from the alternative energy market to the acquisition and development of real estate, and real estate related to equestrian and polo communities as well as polo and equestrian venues, events and media.





The Company plans to earn money from developing unique and affordable polo-themed real estate communities, equestrian facilities and operations, polo and equestrian “reality based” television programming, polo tournament and match competitions, and merchandising. It is the goal of the Company to bring polo to the broader market.





RESULTS OF OPERATIONS





Our operations during the first 7 months of 2010 as well as in 2009 concentrated on gaining new renewable energy technologies which were at or close to commercial applications, sales and revenue, as well as concentrating on moving the existing Energy Commander technology into a position where it could be commercially operable, with no or little funding from the Company.





On July 23, 2010 after successive periods of losses, a lack of funding and a lack of traction in the alternative market the Company decided to bring on new Management and adopt a new business plan. The new Management will continue to evaluate the existing technologies to determine whether or not to continue this line of business, however, the Company will shift its focus from the alternative energy market to the acquisition and development of real estate, and real estate related to equestrian and polo communities as well as polo and equestrian venues, events and media.











21





Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation - continued




COMPARISON OF THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2010 TO THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2009





Revenue for the three and nine month periods ended September 30, 2010 and 2009 was $-0-.





General and administrative expenses for the three months ended September 30, 2010 of $64,975 decreased by $95,295 compared to the general and administrative expenses for the three months ended September 30, 2009 which were $160,270. The decrease was primarily due to a decrease in management related compensation and services.  General and administrative expenses for the nine months ended September 30, 2010 of $266,541 decreased by $314,694 compared to the general and administrative expenses for the nine months ended September 30, 2009, which were $581,235.  The decrease is primarily due to a decrease in management compensation and services.





LIQUIDITY AND CAPITAL RESOURCES





Since inception, the Company has faced and continues to face liquidity challenges resulting mainly from the lack of revenue and considerable operating losses. At present, the Company does not have access to an existing credit facility or working capital financing for its operations. The Company’s continued liquidity challenges were one of several significant factors leading to the decision to bring in new management and adopt a new business plan this year.





The Company currently has $50,000  in available for sale marketable securities, while freely traded, these securities are currently subject to a DTC chill which means that they cannot be readily deposited into street name and sold electronically. Therefore, the Company cannot rely on any sales of these securities in the near future to meet operational and developmental needs.





The Company currently has insufficient cash to meet its short and long term obligations and will require financing. Unless the Company is able to secure additional financing or investment it will not be able to meet its known or reasonably likely future cash requirements it will not be able to continue to operate and may result in a total loss to its Shareholders. The Company is currently seeking capital to launch its new business plan, however, the ability of the Company to secure such capital is not certain.





Our operating activities provided or( used )cash in the amount of $5,311 for the nine month period ended September 30, 2010 compared with ($125,512) for same prior period of the prior year. The cash provided by operations in 2010 of $5,311 was actually provided by a change in accrued liabilities, such cash provision was not from actual operations as the Company has no revenue. We will need additional private placements, debt financing or equity investment in order to participate fully and at the levels intended. There can be no assurance that any of the plans developed will produce cash flows sufficient to ensure long-term viability. The Company has incurred additional deficits in cash flow from operating activities. These deficits have been funded from loans from significant shareholders.





The cash provided by financing activities was $503,486 for the nine months ended September 30, 2010 compared with $121,032 for the nine months ended September 30, 2009. $50,000 of the financing activities was non-cash and was recorded as the result of the share contribution of the marketable securities on September 30, 2010, which $50,000 in available for sale marketable securities were received by the Company in exchange for 500,000 shares of the Company restricted common stock.





The table below presents a summary of our cash flows for the nine months ended September 30, 2010 and September 30, 2009:





Nine Months Ended

September 30, 2010


Nine Months Ended

September 30, 2009Net cash provided by (used in) operating activities

$
5,311


$
(125,512
)Net cash provided by (used by)  investing activities

$
(511,301
)

$
0Net cash provided by (used by) financing activities

$
503,486


$
121,032Net increase (decrease) in cash and cash equivalents

$
(2,504
)

$
(4,480
)





ACCOUNTS PAYABLE





Some of our accounts payable are owed to related parties. The table below sets forth the amounts owed to related parties as a component of accounts payable:











22





Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation - continued





Amount as of

September 30, 2010Total Accounts Payable

$
135,988Due to Related Parties

$
4,500Due to George Ring, former CEO

$
4,500Due to Affiliated Entity of Jeremy Stobie

$
7,150





ACCRUED LIABILITES





A high concentration of our accrued liabilities is owed to related parties. The table below sets forth amounts owed to related parties as a component of accrued liabilities.




Amount as of

September 30, 2010Total Accrued Liabilities

$
237,023Due to Related Parties:

$
110,023Due to Bulova Technologies, controlled by John Stanton, Dir.

$
110,023





SUBSEQUENT EVENTS





Proceeds from Related Party Loan





On October 15, 2010, Spur Ranch received loan proceeds of $45,000 from China Mezzanine, Inc. an interim lender. China Mezzanine, Inc. is owned and controlled by Mssrs. W. Andrew Stack and Jeremy Stobie. The terms of the loan provide for 18% annual interest, as well as 150,000 shares of restricted common stock as inducement to make the loan. These shares will be recorded at fair value for the securities issued. The maturity date for the loan is May 15, 2010.





Change of Trading Symbol





On October 21, 2010 our trading symbol was changed to “SPRA.”





Material Contract





On October 29, 2010, Spur Ranch Holdings, Inc. as wholly owned subsidiary of Spur Ranch, Inc. entered into a contract to acquire a 14.62 acre tract, with improvements, in Spicewood Texas. The Company deposited $7,000 as earnest money and will be required to deposit an additional escrow deposit of $60,500 on or before November 30, 2010. The total purchase price for the property will be $650,000, plus closing costs and accrued property taxes.





Debt Conversions and Issuance of Stock





On October 12, 2010 a non-affiliate debt holder converted $67,500 of debt into 600,000 shares of the Company’s common stock. Such conversion was affected at a below market price as an incentive to convert into equity. The conversion price was separately negotiated with the debt holder and the share price at conversion was arrived at as a result of these negotiations.





On October 21, 2010 a non-affiliate debt holder converted $25,000 of debt into 600,000 shares of the Company’s common stock. Such conversion was affected at a below market price as an incentive to convert into equity. The conversion price was separately negotiated with the debt holder and the share price at conversion was arrived at as a result of these negotiations. The conversion price was materially different from the conversion which occurred on October 12, 2010 as the debt holder was not confident in the Company’s share price and was not as agreeable to convert his debt into equity.





Related Party Stock Issuance





On November 1, 2010 the Company issued 150,000 shares of restricted common stock to China Mezzanine in accordance with a loan agreement. China Mezzanine is an entity beneficially owned and controlled by Mssrs. W. Andrew Stack and Jeremy Stobie.





23





Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation – continued





CRITICAL ACCOUNTING POLICIES AND ESTIMATES





Our discussion and analysis of the financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with generally accepted accounting principles in the United States of America. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate estimates.





We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. These estimates and assumptions provide a basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions, and these differences may be material.





RISKS and UNCERTAINTIES





Going Concern





Since its inception, the Company has suffered recurring losses from operations and has been dependent on existing stockholders and new investors to provide the cash resources to sustain its operations. During the three and nine months ended September 30, 2010, the Company reported net losses of $73,118 and $1,330,049, respectively.





The Company’s long-term viability as a going concern is dependent on certain key factors, as follows:





·
The Company’s ability to obtain adequate sources of outside financing to support near term operations and to allow the Company to continue forward with current strategic plans.·
The Company’s ability to ultimately achieve revenue, adequate profitability and cash flows to sustain continuing operations.





These factors indicate that the Company may be unable to continue as a going concern unless additional capital is secured.  The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, and classification of liabilities that might be necessary should the Company be unable to continue as a going concern





Implementation of Business Strategy Dependent on Additional Financing





We must obtain financing to fund our business plan.  Such outside financing must be provided from the sale of equity,  third party financing, loans or convertible loans.  Further, the sale of equity securities will dilute our existing stockholders' interests, and borrowings from third parties could result in our assets being pledged as collateral. There is no assurance that we can obtain financing on favorable terms. As of the date of this filing, we have not closed on any development or operational real properties in furtherance of our new business plan and do not currently have bank lines or financing to do so.





Development Stage Company





We are a development stage company with no revenues. From our inception we have incurred significant net losses and expect to continue to incur substantial and possibly increasing net losses due to the restructuring of our business plan. Our operating losses have had, and will continue to have an adverse impact on our working capital, total assets and shareholder’s equity.  There is no assurance that our activities will be profitable or will ever generate profits or cash flows. The likelihood of our success must also be considered in light of the problems, expenses, difficulties, complications, delays and all of the inherent risks frequently encountered in the formation and operation of a relatively new business. Management believes that any investment in our Company carries a high degree of risk for total loss such investment.





Costs of Conducting Business





We will need funds to support our operating expenses, our development costs, research, salaries, marketing, transportation, architecture, sales costs and many other related expenses.  Our new business plan will require significant amounts of capital in order for it to be successful.  The ability to generate a profit depends, among other factors, on the amount of revenues from the sale of our products, services and our operating costs.





Costs of Environmental Compliance





The Company hopes to engage in the development of real estate. In many locations the development of real estate is highly regulated and controlled and in many cases there are significant environmental compliance costs associated with such development. The Company is not currently developing any property, however, such compliance costs will be a significant portion of the Company’s development budget, if and when the Company begins to develop properties. The Company believes that these costs are material to the financial condition of the Company, however, such costs are not reasonably calculable at the present time.








24




Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation - continued





Effect of Climate Change Legislation





The Company currently has no known or identified exposure to any current or proposed climate change legislation which could negatively impact the Company's operations or require capital expenditures to become compliant. Additionally, any currently proposed or to-be-proposed-in-the-future legislation concerning climate change activities, business operations related thereto or a publicly perceived risk associated with climate change could, potentially, negatively impact the Company's efforts to identify an development and business opportunities.




Dodd-Frank Act




In July 2010, the Dodd-Frank Act was signed into law in an effort to improve regulation of financial markets. The Company is currently evaluating the Act and cannot yet predict the impact it may have on the Company’s financial condition, results of operations or cash flows.





Contracts





There can be no assurance that we will be able to obtain sufficient and suitable contracts for our business plan.





Fluctuations in Operating Results





Our revenues and results of operations may vary significantly in the future. Our revenues and results of operations are difficult to forecast and could be adversely affected by many factors, some of which are outside our control including, among others, the expected startup nature of our new business line, the determination of the continued feasibility of our existing business line, the relatively long sales and implementation cycles for real estate transactions.





There can be no assurance that our business will achieve broad market acceptance or that we will be successful in marketing our products, communities, or services.





Seasonality





We do not expect to experience material seasonal variations in revenues or operating costs at this time.





Shareholder Dilution





We will need to raise additional capital, if this investment takes the form of sales of common or preferred stock of convertible debt then our existing shareholders will be substantially diluted. In addition, because the Company currently has no funds to pay management at the current time, the Company will issue substantial shares of stock to Management in the form of compensation or in lieu of salary. Due to the low market price for the Company’s stock any issuance of this nature will create substantial dilution. As of the date of this filing, Management has not agreed to accept restricted common stock or restricted preferred stock in lieu of compensation.





The issuance of any stock can cause the market price for our common stock to decline.





Stock Price





Our common stock is quoted on the Over the Counter Bulletin Board. Since trading in our common stock began, trading has been sporadic, trading volumes have been widely variable (low or non-existent on some days and very large on others) and the market price has been very volatile. The closing price as of October 29, 2010 was $1.25 with no volume, subsequent to the financial statement date the Company’s stock began to more actively trade in the range of $0.14 to $0.10, which Management believes is a more reliable indication of the Company’s stock price. The Company does not believe that the Company’s current stock price of $1.25 is a reliable indicator of the Company’s value. The Company’ common stock currently has very little or no transaction volume and an active market for the Company’s common stock does not currently exist, as a result of this market environment, when the Company endeavors to facilitate current debt holders to convert their debt to equity, these transactions are generally executed at prices significantly below the stock’s quoted price. Stock compensation related to services is recorded on the Company’s financial statements at the current quoted price at the date of issue. Current quotations are not a reliable indicator of value and there is no assurance that the market price of our stock will stabilize at or near current levels.







25





Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation - continued





Dependence on Key Personnel





We are an extremely small company which depends upon the knowledge and experience of our key employees and Management.





If any of our members of Management do not continue in their present positions, we may not be able to easily replace them and our business will be severely disrupted.





OFF BALANCE SHEET ARRANGEMENTS





For the period ended September 30, 2010, we did not engage in any off balance sheet transactions.








Item 3. Quantitative and Qualitative Disclosures about Market Risk





Our market risk exposures are related to our cash and cash equivalents and marketable securities. Cash and cash equivalents are invested in highly liquid short term investments with maturities less than three months as of the date of purchase. We are exposed to market risk from changes in market prices related to our investments in marketable securities. Changes in interest rates affect the investment income we could earn on our investments and, therefore, impact our cash flows and results of operations. As of September 30, 2010, we held $500,000 in marketable securities, which price was established by market quotation. The Continued value of these securities cannot be guaranteed, and may fluctuate widely or even cease to trade and or have value.





As of September 30, 2010 our cash balances at financial institutions did not exceed the Federally insured limits.








Item 4T. Controls and Procedures





Evaluation of Disclosure Controls





Disclosure Controls and Procedures –We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports under the Securities Exchange Act of 1934, as amended (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 management, including our Chief Executive Officer (CEO) and Chief Financial Officer (CFO), as appropriate, to allow timely decisions regarding the required disclosure.





In designing and evaluating these disclosure controls and procedures, our management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, as ours are designed to do, and our management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.





In connection with the preparation of this quarterly report on Form 10-Q, as of June 30, 2010, an evaluation was performed under the supervision and with the participation of our management, including our CEO and CFO, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined by Rule 13a-15(e) under the Exchange Act). Based upon that evaluation our Company’s CEO and CFO concluded that our disclosure controls and procedures are effective as of September 30, 2010.





Change in Internal Control Over Financial Reporting – On August 19, 2010 the Company formally adopted a more comprehensive internal control structure, which Management believes will provide management more comprehensive internal control over financial reporting. This structure includes the adoption of a new internal control plan which management believes will enable the company to scale the integrated framework of its internal controls as the company develops operating subsidiaries and field operations related to real estate. The Company also adopted an integrated framework of internal control review procedures to which Management is to implement.











26





PART II - OTHER INFORMATION





Pursuant to the Instructions on Part II of the Form 10-Q, Items 1, 2, 3, 4, and 5 are omitted.





Item 6. Exhibits





Exhibit #
DescriptionExhibit 31.1
Certification of Chief Executive Officer of Spur Ranch,  Inc. required by Rule 13a - 14(1) or Rule 15d - 14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002Exhibit 31.2
Certification of the Principal Financial Officer of Spur Ranch, Inc. required by Rule 13a - 14(1) or Rule 15d - 14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002Exhibit 32.1
Certification of  Chief Executive Officer a of Spur Ranch, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of 18 U.S.C. 63Exhibit 32.2
Certification of  Principal Financial Officer of Spur Ranch, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of 18 U.S.C. 63











SIGNATURES





Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Action of 1934, as amended, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.








SPUR RANCH, INC.

FORMERLY: NEW GREEN TECHNOLOGIES, INC.Dated: November 22, 2010
By
/s/ W. ANDREWSTACKW. ANDREW STACKCHIEF EXECUTIVE OFFICER

(PRINCIPAL EXECUTIVE OFFICER)








SPUR RANCH, INC.

FORMERLY: NEW GREEN TECHNOLOGIES INC.Dated: November 22, 2010
By
/s/ JEREMY G. STOBIEJEREMY G. STOBIECHIEF FINANCIAL OFFICER

(PRINCIPAL FINANCIAL OFFICER)

















27