**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

| x      | QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|--------|--------------------------------------------------------------------------------------------------------------------------------------|
|   | For                the period ended  **February                29, 2008**                                                  |
|   |                                                                                                                                 |
| o      | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934                     |   |
|   | For                the transition period from [    ]                to [    ]                |   |

**000-51306**

| **SOUTHRIDGE                ENTERPRISES INC.**                               |
|------------------------------------------------------------------------------|
| (Name                of small business issuer in its                charter) |

| **Nevada**                                                                    |   | **98-0435537**                                      |
|-------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (I.R.S.                Employer Identification No.) |

| **14785                Preston Rd, Dallas, Texas**      |   | **75254**                 |
|---------------------------------------------------------|--------|---------------------------|
| (Address                of principal executive offices) |   | (Zip                Code) |

| Title                of each class**Nil** |   | Name                of each exchange on which registered**Nil** |
|-------------------------------------------|--------|-----------------------------------------------------------------|

| **Common                Shares, par value $0.001** |
|----------------------------------------------------|
| (Title                of class)                    |

*Exchange      Act*

**(APPLICABLE      ONLY TO CORPORATE REGISTRANTS)**

| Transitional                Small Disclosure Format (Check one):   | Yes                o |  No                x. |
|------------------------------------------------------------------------------|----------------------|----------------------------|

----

| PART                  1. FINANCIAL                  INFORMATION                                                                                                                                                                                     |   |   |        |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                    Item                  1.                   Financial                  Statements                                                                                                                                            |   |   |   |   |
|                      Consolidated                  Balance Sheets as of February 29, 2008 and August 31,                  2007.                                                                                                                |   |   | 4      |   |
| Consolidated                  Statements of Operations for the three months and six months ended                  February 29, 2008 and 2007 and, for the period May 4, 2004 (Date                  of                  inception) to February 29, 2008. |   |   | 5      |   |
| Consolidated                  Statements of Cash Flows for the six months ended February 29,                  2008 and                  2007 and, for                  the period May 4, 2004 (Date of inception) to February 29,                  2008. |   |   | 6      |   |
|                      Notes                  to Consolidated Financial Statements                                                                                                                                                               |   |   | 7      |   |
|                    Item                  2                    Management                  Discussion and Analysis or Plan of Operation                                                                                                    |   |   | 14     |   |
|                    Item                  3                    Controls                  and Procedures                                                                                                                                    |   |   | 25     |   |
| PART                  II. OTHER                  INFORMATION                                                                                                                                                                                        |   |   |        |   |
|                    Item                  1                    Legal                  Proceedings                                                                                                                                          |   |   | 26     |   |
|                    Item                  2   Changes                  in Securities                                                                                                                                                       |   |   | 26     |   |
|                    Item                  3   Defaults                  Upon Senior Securities                                                                                                                                             |   |   | 26     |   |
|                    Item                  4                    Submission                  of Matters to a Vote of Security Holders                                                                                                        |   |   | 26     |   |
|                    Item                  5   Other                  Information                                                                                                                                                           |   |   | 26     |   |
|                    Item                  6                    Exhibits                  and Reports on Form 8K                                                                                                                            |   |   | 26     |   |
|                    SIGNATURES                                                                                                                                                                                                                       |   |   | 26     |   |
|                    CERTIFICATIONS                                                                                                                                                                                                                   |   |   | 28     |   |

----

**SOUTHRIDGE      ENTERPRISES INC.**

**(A      Development Stage Company)**

| Index                                                     |   | Page                Number |
|-----------------------------------------------------------|--------|----------------------------|
| Consolidated                Balance Sheets                |   | 4                          |
| Consolidated                Statements of Operations      |   | 5                          |
| Consolidated                Statements of Cash Flows      |   | 6                          |
| Notes                to Consolidated Financial Statements |   | 7-13                       |

----

|                                                                          |   | February                29, |      | August                31, |   |
|-------------------------------------------------------------------------------|--------|-----------------------------|-----------|---------------------------|--------|
|                                                                          |   | 2008                        |      | 2007                      |   |
|                                                                          |   | (Unaudited)                 |      |                      |   |
| ASSETS                                                                        |   |                        |           |                      |   |  |   |
| Current                Assets                                                 |   |                        |           |                      |   |  |   |
| Cash                and cash equivalents                                      |   | $                           | 1,560,425 |                      | $      | - |   |
|                                                                          |   |                        |           |                      |   |  |   |
| Plant                and Equipment                                            |   |                        | 192,671   |                      |   |  |   |
| Intellectual                Property                                          |   |                        | 2,500,000 |                      |   |   |   |
| Land                                                                          |   |                        | 1,225,000 |                      |   | 375,000 |   |
|                                                                          |   |                        |           |                      |   |  |   |
| Total                Assets                                                   |   | $                           | 5,478,096 |                      | $      | 375,000 |   |
|                                                                          |   |                        |           |                      |   |  |   |
| LIABILITIES                AND STOCKHOLDERS’ EQUITY                     |   |                        |           |                      |   |  |   |
| Current                Liabilities                                            |   |                        |           |                      |   |  |   |
| Account                Payable                                                |   | $                           | 36,567    |                      | $      | 178,621 |   |
| Demand                loans - related party                                   |   |                        | 849,762   |                      |   | 239,762 |   |
| Interest                Payable                                               |   |                        | 88,193    |                      |   | 61,016 |   |
| Total                Current Liabilities                                      |   |                        | 974,552   |                      |   | 479,399 |   |
|                                                                          |   |                        |           |                      |   |  |   |
| Non-current                Liabilities                                        |   |                        |           |                      |   |  |   |
| Debenture                                                                     |   |                        | 150,000   |                      |   |  |   |
| Note                Payable - Property                                        |   |                        | 850,000   |                      |   |   |   |
| Line                of Credit                                                 |   |                        | 1,177,516 |                      |   | 752,517 |   |
| Total                Liabilities                                              |   |                        | 3,152,068 |                      |   | 1,231,916 |   |
|                                                                          |   |                        |           |                      |   |  |   |
| Stockholders’                Equity                                     |   |                        |           |                      |   |  |   |
| Preferred                stock, $0.001 par value, authorized 100,000,000      |   |                        |           |                      |   |  |   |
| shares,                -0- issued                                             |   |                        |           |                      |   |  |   |
| Common                stock, $0.001 par value, authorized 500,000,000         |   |                        |           |                      |   |  |   |
| shares,                110,505,000 issued at February 29, 2008 and 53,005,000 |   |                        |           |                      |   |  |   |
| issued                at August 31, 2007                                      |   |                        | 110,505   |                      |   | 53,505 |   |
| Additional                paid-in Capital                                     |   |                        | 690,097   |                      |   | 239,208 |   |
| Deficit                accumulated during development stage                   |   |                        | 1,525,426 |                      |   | (1,149,129 | ) |
| Total                stockholders’ equity (deficiency)                  |   |                        | 2,326,028 |                      |   | (856,916 | ) |
|                                                                          |   |                        |           |                      |   |  |   |
| Total                Liabilities and Stockholders’ Equity               |   | $                           | 5,478,096 |                      | $      | 375,000 |   |

----

|                                      |   |                                      |       |                                    |   |                        |   |   |        | Accumulated |   |
|-------------------------------------------|--------|-------------------------------------------|------------|-----------------------------------------|--------|-----------------------------|--------|--------|-------------|-------------|--------|
|                                      |   |                                      |       |                                    |   |                        |   |   |        | Since       |   |
|                                      |   |                                      |       |                                    |   | May                4, 2004  |   |
|                                      |   | For                the Three Months Ended |       | For                the Six Months Ended |   | Inception                of |   |
|                                      |   | February                29,               |       | February                29,             |   | Development                 |   |
|                                      |   | 2008                                      |       | 2007                                    |   | 2008                        |   | 2007   |        | Stage       |   |
| Revenues                                  |   |                                           |            |                                    | $      | -                           |   | $      | 5,040,000   |        | $      | - |   | $ | 5,040,000 |   |
| Cost                of Goods              |   | $                                         | —    |                                    |   | -                           |   |   | (2,835,000) |        |   | - |   |   | (2,835,000) |   |
| Net                Revenues               |   |                                      | -          |                                    |   | -                           |   |   | 2,205,000   |        |   | - |   |   | 2,205,000 |   |
|                                      |   |                                      |            |                                    |   |                             |   |   |             |        |   |  |   |   |  |   |
| Expenses                                  |   |                                      |            |                                    |   |                             |   |   |             |        |   |  |   |   |  |   |
| Consulting                fees            |   |                                      | 143,671    |                                    |   | 75,000                      |   |   | 381,274     |        |   | 345,800 |   |   | 1,031,574 |   |
| General                and Administrative |   |                                      | 81,397     |                                    |   | 31,687                      |   |   | 186,561     |        |   | 111,977 |   |   | 538,293 |   |
| Investor                Relations         |   |                                      | 36,258     |                                    |   | 42,440                      |   |   | 79,365      |        |   | 75,630 |   |   | 157,146 |   |
| Mineral                Property costs     |   |                                      | -          |                                    |   | -                           |   |   | -           |        |   | - |   |   | 8,300 |   |
|                                      |   |                                      |            |                                    |   |                             |   |   |             |        |   |  |   |   |  |   |
| Total                Expenses             |   |                                      |       |                                    |   | 149,127                     |   |   | 647,200     |        |   | 533,407 |   |   | 1,735,313 |   |
|                                      |   |                                      |            |                                    |   |                             |   |   |             |        |   |  |   |   |  |   |
| Other                Income (Expense)     |   |                                      |            |                                    |   |                             |   |   |             |        |   |  |   |   |  |   |
| Interest                Expense           |   |                                      | (15,743    | )                                       |   | (14,943                     | )      |   | (32,374     | )           |   | (21,718 | ) |   | (93,390 | ) |
|                                      |   |                                      |            |                                    |   |                             |   |   |             |        |   |  |   |   |  |   |
| Net                Income (Loss)          |   | $                                         | (277,069   | )                                       | $      | (164,070                    | )      | $      | 1,525,426   |        | $      | (555,125 | ) | $ | 376,297 |   |
|                                      |   |                                      |            |                                    |   |                             |   |   |             |        |   |  |   |   |  |   |
| Weighted                Average Shares    |   |                                      | 68,355,000 |                                    |   | 68,355,000                  |   |   | 68,355,000  |        |   | 68,355,000 |   |   |  |   |
| Loss                Per Common Share      |   | $                                         | -          |                                    | $      | -                           |   | $      | 0.02        |        | $      | - |   |   |  |   |

----

|                                                                    |   |                                    |       |                        |   | Deficit     |   |
|-------------------------------------------------------------------------|--------|-----------------------------------------|------------|-----------------------------|--------|-------------|--------|
|                                                                    |   |                                    |       |                        |   | Accumulated |   |
|                                                                    |   |                                    |       |                        |   | Since       |   |
|                                                                    |   |                                    |       | May                4, 2004  |   |
|                                                                    |   | For                the Six Months Ended |       | Inception                of |   |
|                                                                    |   | February                29              |       | Development                 |   |
|                                                                    |   | 2008                                    |       | 2007                        |   | Stage       |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                    |   |                                    |       |                        |   |        |   |
|                                                                    |   |                                    |       |                        |   |        |   |
| Net                Income/(Loss)                                        |   | $                                       | 1,525,426  |                        | $      | (555,125    | )      | $ | 376,297 |   |
| Adjustment                to reconcile Net Income/(Loss) in operations: |   |                                    |       |                        |   |        |   |   |   |   |
| Stock                issued for consulting expenses                     |   |                                    | -          |                        |   | -           |   |   | 199,500 |   |
| Change                in non-cash working capital items:                |   |                                    |            |                        |   |             |   |   |  |   |
| Increase                (decrease) in accounts payable                  |   |                                    | (142,054   | )                           |   | (94         | )      |   | 36,567 |   |
| Increase                (decrease) in demand loans - related party      |   |                                    | 610,000    |                        |   | 88,573      |   |   | 849,762 |   |
| Increase                (decrease) in interest payable                  |   |                                    | 27,177     |                        |   | 21,690      |   |   | 88,193 |   |
| Net                cash from operating activities                       |   |                                    | 2,020,549  |                        |   | (444,956    | )      |   | 1,550,319 |   |
|                                                                    |   |                                    |            |                        |   |             |   |   |  |   |
| CASH                FLOWS FROM INVESTING ACTIVITES:                     |   |                                    |            |                        |   |             |   |   |  |   |
|                                                                    |   |                                    |            |                        |   |             |   |   |  |   |
| Plant                construction costs                                 |   |                                    | (1,042,671 | )                           |   |        |   |   | (1,042,671 | ) |
| Purchase                of intellectual property                        |   |                                    | (2,500,000 | )                           |   |        |   |   | (2,500,000 | ) |
| Purchase                of property                                     |   |                                    | (800,000   | )                           |   | (375,000    | )      |   | (1,175,000 | ) |
| Net                cash used in investing activities                    |   |                                    | (4,342,671 | )                           |   | (375,000    | )      |   | (4,717,671 | ) |
|                                                                    |   |                                    |            |                        |   |             |   |   |  |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES:                    |   |                                    |            |                        |   |             |   |   |  |   |
|                                                                    |   |                                    |            |                        |   |             |   |   |  |   |
| Issuance                of common stock                                 |   |                                    | 2,500,000  |                        |   | -           |   |   | 2,592,713 |   |
| Note                Payable - Property                                  |   |                                    | 800,000    |                        |   | -           |   |   | 800,000 |   |
| Debenture                Proceeds                                       |   |                                    | 150,000    |                        |   | -           |   |   | 150,000 |   |
| Proceeds                from Line of Credit                             |   |                                    | 424,999    |                        |   | 812,717     |   |   | 1,177,516 |   |
| Net                cash provided by financing activities                |   |                                    | 3,874,999  |                        |   | 812,717     |   |   | 4,720,229 |   |
|                                                                    |   |                                    |            |                        |   |             |   |   |  |   |
| Net                increase (Decrease) in Cash and Cash Equivalents     |   |                                    | 1,552,877  |                        |   | (7,239      | )      |   | 1,560,425 |   |
|                                                                    |   |                                    |            |                        |   |             |   |   |  |   |
| Cash                and Cash Equivalents at the Beginning of Period     |   |                                    | 7,548      |                        |   | 7,548       |   |   | - |   |
|                                                                    |   |                                    |            |                        |   |             |   |   |  |   |
| Cash                and Cash Equivalents at the End of the Period       |   | $                                       | 1,560,425  |                        | $      | 309         |   | $ | 1,560,425 |   |
|                                                                    |   |                                    |            |                        |   |             |   |   |  |   |
| SUPPLEMENTAL                CASH FLOW INFORMATION:                      |   |                                    |            |                        |   |             |   |   |  |   |
| Interest                                                                |   | $                                       | -          |                        | $      | -           |   | $ | - |   |
| Income                Taxes                                             |   | $                                       | -          |                        | $      | -           |   | $ | - |   |

----

Company)      

| **1.** | **Organization                and Continuance of Operations**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | This                summary of accounting policies for Southridge Enterprises Inc. is                presented to assist in understanding the Company's consolidated financial                statements. The accounting policies conform to generally accepted                accounting principles and have been consistently applied in the                preparation of the consolidated financial statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | Southridge                Enterprises Inc. (the “Company”) was incorporated in the State of Nevada                on May 4, 2004. The Company was originally organized to explore mineral                properties in British Columbia, Canada. The Company’s fiscal year end is                August 31. The Company conducted its exploration activities in British                Columbia through Southridge Exploration Inc., a wholly-owned British                Columbia corporation incorporated on July 19, 2004). Based on a review                of                the mineralization data of its claims, the Company abandoned these                mineral                property claims. The Company is currently in the ethanol industry                and is                based in Dallas, TX.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | These                consolidated financial statements are presented on the basis that                the                Company is a going concern, which contemplates the realization of                assets                and satisfaction of liabilities in the normal course of business                over a                reasonable length of time. As of February 29, 2008, the Company had                a cash                balance of $1,560,425 working capital of $585,873, stockholders’ equity of                $2,326,028,                and accumulated net income of $376,297 since inception. The consolidated                financial statements do not include any adjustments relating to the                recoverability and classification of recorded asset amounts or the                amounts                and classification of liabilities that might be necessary should                the                Company be unable to continue as a going concern. Its continuation                as a                going concern is dependent upon its ability to generate sufficient                cash                flow to meet its obligations on a timely basis, to obtain additional                financing or refinancing as may be required, to develop a commercially                viable ethanol production facility, and ultimately to establish profitable                operations. |

|   | Management’s                plans for the continuation of the Company as a going concern include                financing the Company’s operations through issuance of its common stock.                If the Company is unable to complete its financing requirements or                achieve                revenue as projected, it will then modify its expenditures and plan                of                operations to coincide with the actual financing completed and actual                operating revenues. There are no assurances, however, with respect                to the                future success of these plans.                                                                                                                               |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | Unless                otherwise indicated, amounts provided in these notes to the consolidated                financial statements pertain to continuing operations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | The                Company is currently earning revenues.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | Basis                of Presentation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | The                accompanying consolidated balance sheets and related statements of                operations, cash flows, and stockholders’ equity (deficiency) include all                adjustments, consisting of normal recurring items, necessary for                their                fair presentation in conformity with accounting principles generally                accepted in the United States of America (U.S. GAAP). Preparing financial                statements requires management to make estimates and assumptions                that                affect the reported amounts of assets, liabilities, revenue and expenses.                Actual results and outcomes may differ from management’s estimates and                assumptions. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **2.** | **Summary                of Significant Accounting Policies**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | **a)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | **Consolidation** |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | The                consolidated financial statements include the accounts of Southridge                Enterprises Inc. and its wholly owned subsidiaries, Southridge Ethanol,                Inc., and, Southridge Environmental, Inc. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | All                significant inter-company transactions and balances have been eliminated. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | **(b)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | **Use                of Estimates and Assumptions** |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | The                preparation of consolidated financial statements in conformity with                generally accepted accounting principles required 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 revenues                and                expenses during the reporting period. Actual results could differ                from                those estimates. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | (                **c)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | **Foreign                Currency translation** |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | In                accordance with the Financial Accounting Statements Board (“FASB”)                Statement of Financial Accounting Standards No. 52 (“SFAS No. 52”),                “Foreign Currency Translation”, the United States dollar is considered the                functional currency. Accordingly, the Company translates its monetary                assets and liabilities at year-end exchange rates, and income, expenses                and cash flows at average exchange rates. Non-monetary assets and                liabilities are translated in the rates prevailing at the dates the                assets                were acquired and liabilities were incurred. The resulting translation                adjustment is recorded as a component of accumulated other comprehensive                loss in the accompanying consolidated balance sheet. |

|   | **(d)** | **Cash**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |    | Cash                consists of cash on deposit with high quality major financial                institutions, and to date the Company has not experienced losses                on any of                its balances. The carrying amounts approximated fair market value                due to                the liquidity of these deposits. For purposes of the consolidated                balance                sheets and consolidated statements of cash flows, the Company considers                all highly liquid debt instruments purchased with maturity of three                months                or less to be cash equivalents. At February 29, 2008, the Company                had                $1,560,425 in cash equivalents.                                                                                                                                                                                                                                                                                          |
|   |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | **(e)** | **Concentration                of Credit Risk**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |    | The                Company has no significant off-balance-sheet concentrations of credit                risk                such as foreign exchange contracts, options contracts or other foreign                hedging arrangements. The Company maintains the majority of its cash                balances with one financial institution, in the form of demand deposits.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | **(f)** | **Long-Lived                Assets**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |    | The                Company accounts for long-lived assets under the FASB Statements                of                Financial Accounting Standards Nos. 142 and 144 “Accounting for Goodwill                and Other Intangible Assets” and “Accounting for Impairment or Disposal of                Long-Lived Assets” (“SFAS No. 142 and 144”). In accordance with SFAS No.                142 and 144, long-lived assets, goodwill and certain identifiable                intangible assets held and used by the Company are reviewed for impairment                whenever events or changes in circumstances indicate that the carrying                amount of an asset may not be recoverable. For purposes of evaluating                the                recoverability of long-lived assets, goodwill and intangible assets,                the                recoverability test is performed using undiscounted net cash flows                related                to the long-lived assets. |

----

SOUTHRIDGE      ENTERPRISES, INC. 

| **2.** | **Summary                of Significant Accounting Policies**(continued) |
|--------|--------------------------------------------------------------------------|
|   |                                                                     |   |
|   | **(g)**                                                                  | **Income                Taxes** |
|   |                                                                     |   |
|   |                                                                     | The                Company accounts for income taxes under the FASB Statement of Financial                Accounting Standards No. 109, “Accounting for Income Taxes” (“SFAS No.                109”). Under Statement 109, deferred tax assets and liabilities are                recognized for the future tax consequences attributable to differences                between the financial statement carrying amounts of existing assets                and                liabilities and their respective tax bases. Deferred tax assets and                liabilities are measured using enacted tax rates expected to apply                to                taxable income in the years in which those temporary differences                are                expected to be recovered or settled. Under Statement 109, the effect                on                deferred tax assets and liabilities of a change in tax rates is recognized                in income in the period that includes the enactment date. |
|   |                                                                     |   |
|   | **(h)**                                                                  | **Loss                per Share** |
|   |                                                                     |   |
|   |                                                                     | FASB                Statement of Financial Accounting Standards No. 128 (“SFAS No.128”),                “Earnings per Share”, requires dual presentation of basic earnings per                share (“EPS”) and diluted EPS on the face of all income and loss                statements, for all entities with complex capital structures. Basic                EPS is                computed as net income divided by the weighted average number of                common                shares outstanding for the period. Diluted EPS reflects the potential                dilution that could occur from common shares issuable through stock                options, warrants and other convertible securities. At February 29,                2008                and 2007, the Company had no outstanding stock options, warrants                and other                convertible securities. |
|   |                                                                     |   |
|   | **(i)**                                                                  | **Fair                Values of Financial Instruments** |
|   |                                                                     |   |
|   |                                                                     | Financial                instruments include cash, and accounts payable and accrued expenses.                Management of the Company does not believe that the Company is subject                to                significant interest, currency or credit risks arising from these                financial instruments. The respective carrying values of financial                instruments approximate their fair values. Fair values were assumed                to                approximate carrying values since they are short-term in nature or                they                are receivable or payable on demand. |
|   |                                                                     |   |
|   | **(j)**                                                                  | **Accounting                for Derivative Instruments and Hedging Activities** |
|   |                                                                     |   |
|   |                                                                     | The                Company has adopted FASB Statement of Financial Accounting Standards                No.                133 (“SFAS No. 133”), “Accounting for Derivative Instruments and Hedging                Activities”, which requires companies to recognize all derivatives                contracts as either assets or liabilities in the balance sheet and                to                measure them at fair value. If certain conditions are met, a derivative                may be specifically designated as a hedge, the objective of which                is to                match the timing of gain or loss recognition on the hedging derivative                with the recognition of (i) the changes in the fair value of the                hedged                asset or liability that are attributable to the hedged risk, or (ii)                the                earnings effect of the hedged forecasted transaction. For a derivative                not                designated as a hedging instrument, the gain or loss is recognized                in                income in the period of change. The Company has not entered into                derivative contracts either to hedge existing risks or for speculative                purposes. |

----

SOUTHRIDGE      ENTERPRISES, INC. 

| **2.** | **Summary                of Significant Accounting Policies**(continued) |
|--------|--------------------------------------------------------------------------|
|   |                                                                     |   |
|   | **(k)**                                                                  | **Stock-based                Compensation** |
|   |                                                                     |   |
|   |                                                                     | The                Company adopted the fair value method of accounting for stock-based                compensation recommended by FASB Statement of Financial Accounting                Standards No. 123 (“SFAS No. 123”), “Accounting for Stock-based                Compensation”. The Company does not have a stock option plan nor has it                granted any stock options since inception. |
|   |                                                                     |   |
|   | **(l)**                                                                  | **Comprehensive                Income** |
|   |                                                                     |   |
|   |                                                                     | The                Company has adopted FASB Statement of Financial Accounting Standards                No.                130 (“SFAS No. 130”), “Reporting Comprehensive Income”, which establishes                standards for reporting and display of comprehensive income, its                components and accumulated balances. When applicable, the Company                would                disclose this information on its consolidated Statement of Stockholders’                Equity (Deficiency). Comprehensive income comprises equity except                those                resulting from investments by owners and distributions to owners.                The                Company has no elements of “other comprehensive income” for the period                ended February 29, 2008. |
|   |                                                                     |   |
|   | **(m)**                                                                  | **Intangible                Assets** |
|   |                                                                     |   |
|   |                                                                     | The                Company has adopted FASB Statement of Financial Accounting Standards                No.                142 (“SFAS No. 142”), “Goodwill and Other Intangible Assets”, which                requires that goodwill and intangible assets with indefinite life                are not                amortized but rather tested at least annually for impairment. Intangible                assets with a definite life are required to be amortized over their                useful                life. The Company has $2,500,000 in intangible assets with indefinite                life                at February 29, 2008 and since inception. |
|   |                                                                     |   |
|   | **(n)**                                                                  | **Environmental                Costs** |
|   |                                                                     |   |
|   |                                                                     | Environmental                expenditures that relate to current operations are charged to operations                or capitalized as appropriate. Expenditures that relate to an existing                condition caused by past operations, and which do not contribute                to                current or future revenue generation, are charged to operations.                Liabilities are recorded when environmental assessments and/or remedial                efforts are probable, and the cost can be reasonably estimated. Generally,                the timing of these accruals coincides with the earlier of completion                of a                feasibility study or the Company’s commitments to plan of action based on                the then known facts. |
|   |                                                                     |   |
|   | **(o)**                                                                  | **Recent                Accounting Pronouncements** |
|   |                                                                     |   |
|   |                                                                     | In                September 2006, the FASB issued SFAS No. 157, "Accounting for Fair                Value                Measurements." SFAS No. 157 defines fair value, and establishes a                framework for measuring fair value in generally accepted accounting                principles and expands disclosure about fair value measurements.                SFAS No.                157 is effective for the Company for financial statements issued                subsequent to November 15, 2007. The Company does not expect the                new                standard to have any material impact on the financial position and                results                of operations. |

----

SOUTHRIDGE      ENTERPRISES, INC. 

| **2.** | **Summary                of Significant Accounting Policies**(continued)                 In                September 2006, the staff of the Securities and Exchange Commission                issued                Staff Accounting Bulletin No. 108 (“SAB 108”) which provides interpretive                guidance on how the effects of the carryover or reversal of prior                year                misstatements should be considered in quantifying a current year                misstatement. SAB 108 becomes effective in fiscal 2007. Management                is                evaluating the financial impact of this pronouncement.  In                October 2005, the FASB issued FSP FAS 123(R)-2, “Practical Accommodation                to the Application of Grant Date as Defied in FASB Statement No.                123(R)”,                which provides clarification of the concept of mutual understanding                between employer and employee with respect to the grant date of a                share-based payment award.  This                FSP provides that a mutual understanding of the key terms and conditions                of an award shall be presumed to exist on the date the award is approved                by management if the recipient does not have the ability to negotiate                the                key terms and conditions of the award and those key terms and conditions                will be communicated to the individual recipient within a relatively                short                time period after the date of approval. This guidance was applicable                upon                the initial adoption of SFAS 123(R). The adoption of this pronouncement                did not have an impact on the Company’s financial position, results of                operations, or cash flows.  In                February 2007, the FASB issued SFAS no, 159, “The Fair Value Option for                Financial Assets and Financial Liabilities” (“SFAS 159”). SFAS 159                provides companies with an option to report selected financials assets                and                liabilities at fair value. The objective of SFAS 159 is to reduce                both                complexity in accounting for financial instruments and the volatility                in                earnings caused by measuring related assets and liabilities differently.                Generally accepted accounting principles have required different                measurement attributes for different assets and liabilities that                can                create artificial volatility in earnings. The FASB has indicated                it                believes that SFAS 159 helps to mitigate this type of accounting-induced                volatility by enabling companies to report related assets and liabilities                at fair value, which would likely reduce the need for companies to                comply                with detailed rules for hedge accounting. SFAS 159 also establishes                presentation and disclosure requirements designed to facilitate                comparisons between companies that choose different measurement attributes                for similar types of assets and liabilities. SFAS 159 does not eliminate                disclosure requirements included in other accounting standards, including                requirements for disclosures about fair value measurements included                in                SFAS 157 and SFA No. 107, “Disclosures about Fair Value of Financial                Instruments.” SFAS 159 is effective for the Company as of the beginning of                fiscal year 2009. The adoption of this pronouncement is not expected                to                have an impact on the Company’s financial position, results of operations                or cash flows. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| **3.** | **Development                Stage Company/Going Concern** The                Company has not begun principal operations and as is common with                a                development stage company, the Company has had recurring losses during                its                development stage. Although some revenues have been achieved from                supplemental business activities, continuation of the Company as                a going                concern is dependent upon obtaining the additional working capital                necessary to be successful in its planned activity, and the management                of                the Company has developed a strategy, which it believes will accomplish                this objective through additional equity funding and long term financing,                which will enable the Company to operate for the coming year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

----

| **4.** | **Common                Stock**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | On                October 3, 2006, the Company split its common shares on the basis                of 5 for                1. As a result, its articles of incorporation were amended to increase                its                authorized common stock from 100,000,000 shares to 500,000,000 shares.                The                par value of the Company’s common stock remained $0.001 per share. The                Company’s authorized preferred stock was also amended from 100,000,000                shares to 500,000,000 shares. Prior to the stock split, there were                10,335,000 shares of common stock outstanding. After the stock split                there                were 51,675,000 shares of common stock outstanding. The record date                for                the split was September 21, 2006 and became effective October 3,                2006. All                references to common stock, common shares outstanding, average number                of                common shares outstanding and per share amounts in these Financial                Statements and Notes to Financial Statements prior to the effective                date                of the forward stock splits have been restated to reflect the 5 to                1                common stock splits on a retroactive basis. The Company’s trading symbol                was changed from “SDGE” to “SORD” in connection with the forward stock                split. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | On                April 12, 2007, the Company issued 1,330,000 shares of restricted                common                stock for consulting services valued at $199,500. The shares were                valued                at $.15 per share, which was the fair market value of the stock on                the                date of the agreement. On                January 10, 2008 the company issued 50,000,000 restricted shares                at an                average price of $0.05 per share pursuant to a purchase agreement                for                $2,500,000 with Celuhol Biotech Inc. (Celuhol), a private company,                to                acquire ownership rights to the Celuhol Intellectual Property (IP),                along                with some research and development assets, with respect to the cellulosic                technology being developed for converting biomass into ethanol. The                Company has recorded an asset based on this share issuance                value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

| **5.** | **Land**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | On                September 28, 2006 the Company formed a wholly owned subsidiary Southridge                Environmental Inc., incorporated in the state of Mississippi, which                acquired land located in Quitman County, Mississippi, for the purchase                price of $375,000, that closed on October 5, 2006. The Land is situated                on                37 acres located in the northwest region of the state, which is in                the                lower portion of the Mid-West corn belt. The industrial plant facility                plant on the land is a warehouse with no value. This warehouse facility                is                a 76,000 sq. ft industrial structure that will be converted to house                equipment for ethanol production. We are in the process of sourcing                such                equipment.On                February 16, 2008, the Company acquired land in El Salvador for a                purchase                price of $850,000 under a Contract for Deed/Land Contract and Note                Payable                for 8 payments (each for $106,250) over 2 years with the first payment                due                May 5, 2008. The site has 25,000 mz (approx. 4,500 acres) of land                and                access to abundant sugar cane production capacity. With an average                yield                of 30 to 40 tons per acre grown on site. At February 29, 2008, the                Company                had advanced $192,671 toward the plant development on the                property. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| **6.** | **Commitments                and Contractual Obligations**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | The                Company leased an executive office in Dallas, Texas. The lease term                is                three years commencing January 1, 2008. The base rent in the first                year is                $16,870. The Company believes that its office space and facilities                are                sufficient to meet its present needs and does not anticipate any                difficulty securing alternative or additional space, as needed, on                terms                acceptable to the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | On                October 27, 2006 as announced on December 19, 2006 the Company signed                a                soft offer Letter of Intent to purchase ethanol from PLS Sopucoes                Ltd.                Under the terms of the agreement being discussed approximately 50,000,000                gallons of ethanol can be purchased for resale in the U.S., based                on a                contractual commitment of 4.5 million gallons per month at $1.44                USD per                gallon.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| **7.** | **Option                Agreement Deposit**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | On                September 13, 2006 the Company entered into an option to purchase                agreement (the “Agreement”) with Boss Group of Companies Inc., to acquire                an ethanol plant in Saskatchewan, Canada for the sum of $632,500.                On                September 28, 2006 the Company formed a wholly owned subsidiary Southridge                Ethanol Inc., incorporated in the state of Mississippi, that is intended                for the closing of this agreement with the purchase subject to due                diligence by December 11, 2006. A $20,000 non refundable option deposit                was made and was expensed as no definitive purchase agreement could                be                reached.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

----

SOUTHRIDGE      ENTERPRISES, INC. 

| **8.** | **Related                Party Loans**                                                                                                                                                                                                                  |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                    |
|   | During                the period ended February 29, 2008, the Company received short term                loans                from a former related party. The following table shows the amount                due at                February 29, 2008: |

|  **Short                  term loan**                                                                                                                                                                                                  |   | February                  29, 2008 |                                 |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|--------------------------------------|
| **4%                  interest bearing and unsecured**                                                                                                                                                                                      |   |                               |                                      |   |
| Alex                  Smid                                                                                                                                                                                                                  |   | $                                  | 849,762                              |   |
|                                                                                                                                                                                                                                        |   |                               |                       |   |
|                                                                                                      **Total** |   | $                                  | 849,762                              |   |

| **9.**     | **Revenues**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** ** | ** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | During                this second quarter ending February 29, 2008, the Company completed                an                ethanol purchase and sale transaction. The ethanol was supplied by                Petrozilian Energia SA from Brazil and sold to Agrobin Hunt Corp                and                shipped to the United Kingdom (UK). The purchase was financed with                a                Letter of Credit supported in part by Joint Venture partner Micheles                Borgan & Lea Capital (MBLC). The entire transaction was the export of                6 million gallons of ethanol for a total cost of $8,100,000 USD ($1.35                per                gallon) and for proceeds of $14,400,000 USD ($2.40 per gallon) for                a net                profit of $6,300,000 USD. As per the Joint Venture Revenue Sharing                Agreement, the Company was entitled to 35% of the revenue and profits                related to this transaction, $5,040,000 and $2,205,000, respectively.                A                total commitment of $1,000,000 was deposited by company in order                for MBLC                to finance the difference of $7,100,000 USD and secure a Letter of                Credit. |
| **10.**    | **Line                of Credit**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | On                September 29, 2006 the Company also entered into an 8% per annum,                Line Of                Credit (“LOC”) due September 29, 2011 with Uniform Ventures Ltd. (“the                Lender”) for up to $10,000,000. The unpaid principal of LOC bears simple                interest at the rate of eight percent (8%) per annum. Interest is                calculated based on principal balance as may be adjusted from time                to time                to reflect additional advances made. Interest on the unpaid balance                shall                accrue monthly but shall be paid quarterly. The LOC is secured by                an                unregistered charge over all current and future assets owned by the                Company. As of February 29, 2008, $1,177,516 was owed plus $72,873                in                accrued interest payable. Additionally, at its discretion the Company                may                issue treasury stock to the Lender in lieu of payment.                                                                                                                                                                                                     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| **11.**    | **Uncertain                Tax Positions**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | Effective                January 1, 2007, the Company adopted the provisions of FASB Interpretation                No. 48, “Accounting for Uncertainty in Income Taxes - an interpretation of                FASB Statement No. 109” (“FIN 48”). FIN 48 prescribes a recognition                threshold and a measurement attribute for the financial statement                recognition and measurement of tax positions taken or expected to                be taken                in a tax return. For those benefits to be recognized, a tax position                must                be more-likely-than-not to be sustained upon examination by taxing                authorities. The adoption of the provisions of FIN 48 did not have                a                material impact on the company’s condensed consolidated financial position                and results of operations. At January 1, 2007, the company had no                liability for unrecognized tax benefits and no accrual for the payment                of                related interest.                                                                                                                                                                      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       | Interest                costs related to unrecognized tax benefits are classified as “Interest                expense, net” in the accompanying consolidated statements of operations.                Penalties, if any, would be recognized as a component of “Selling, general                and administrative expenses”. The Company recognized $0 of interest                expense related to unrecognized tax benefits for the six months ended                February 29, 2008. In many cases the company’s uncertain tax positions are                related to tax years that remain subject to examination by relevant                tax                authorities. With few exceptions, the company is generally no longer                subject to U.S. federal, state, local or non-U.S. income tax examinations                by tax authorities for years before 2003. The following describes                the open                tax years, by major tax jurisdiction, as of January 1, 2007:                                                                                                                                                                                                                                       |

|   | United                States (a) | 2003                - Present |
|--------|----------------------------------|-------------------------------|

----

| **12.** | **Subsequent                Events**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|    | On                January 08, 2008; Southridge Enterprises, Inc. notified the NASDAQ                that                the Company’s Board of Directors had established a record date of December                31, 2007 to affect a one-for-ten reverse stock split of its outstanding                common stock. The reverse stock split was approved by the by the                Company’s                shareholders at special meeting held on January 31, 2008. Pursuant                to the                reverse stock split, each shareholder of record of the Company’s common                stock on the record date of December 31, 2007 will become entitled                to                receive one new common share in exchange for every ten old common                shares                held by such shareholder. No fractional shares will be issued in                connection with the reverse stock split and, in lieu thereof; any                fractional share shall be rounded up to the nearest whole share.                The                exercise price and the number of shares of common stock issuable                under the                Company’s outstanding options and warrants will be proportionately                adjusted to reflect the reverse stock split. The reverse split became                effective on March 6, 2008 and the Company’s stock symbol on the OTC                Bulletin Board was changed from SORD to SRDG. In                September 2007, the Company entered into a Securities Purchase Agreement                with La Jolla Cove Investors, Inc., wherein La Jolla Cove has agreed                to                purchase a debenture in the amount of $150,000. In connection with                the                debenture, the Company also agreed to issue share purchase warrants                to                purchase common stock of the Company. The agreement also allows La                Jolla                Cove to purchase, at the one year anniversary date of the debenture,                or                upon conversion of the principal amount of the debenture into common                stock, a second debenture in the amount of $150,000 with a warrant                to                purchase up to 1,500,000 shares of the Company’s common stock. The                debenture will carry an interest rate of 5% per annum and the interest                will be payable monthly. In March and April 2008, the Company issued                a                total of 315,584 shares for the conversion of $2,900 of the debenture                and                the purchase of $29,000 in new share equity.  On                March 12, 2008, we entered into a joint venture agreement with Briskul                Transacção LTDA to construct and operate an ethanol facility in Brazil.                The joint venture operates as Southridge Brasilia Corp. (“SBC”). The                Company's initial membership interest in SBC, according to the agreement,                would be 75% and Briskul Transacção LTDA initial membership interest would                be 25%. According to the agreement, Briskul Transacção LTDA has the right                to secure an additional 10% membership interest through additional                capital                contributions made before the mechanical completion of the facility.                We                provided an initial contribution of $1,500,000 against an anticipated                total contribution of $24,525,000 USD. Briskul Transacção LTDA initial                contribution to the joint venture was to be $8,175,000 USD, which                was 25%                of the anticipated cost of the construction ($32,700,000 USD). In                the                event Briskul Transacção LTDA was unable to make its initial contribution,                the Company had agreed to advance Briskul Transacção LTDA up to $3,000,000                USD towards its initial contribution in the form of a senior subordinated                debenture, which would bear interest at the rate of 9% per year.                SBC is a                development stage entity and the Company is responsible for securing                the                financing necessary to complete the plant as well as oversee its                design                and construction. Assets of the joint venture totaled $6,130,318,                which                consisted of cash, land and construction in progress. As of April                01,                2008, we have made contributions to SBC of $1,500,000 and Briskul                Transacção LTDA has made cash contributions of $4,630,318. On                March 14, 2008, Rockridge Capital Holdings Corporation loaned the                Company                $1,500,000 to secure our contribution for the “SBC Joint Venture”, with                Briskul Transacção LTDA. The loan bears an interest at the rate of 14% per                annum and is secured by a Demand Promissory Note and/or can be converted                into common stock at any time. |

----

**Item      2.**
**Management’s      Discussion and Analysis and Plan of Operation.**

----

needs      and      does not anticipate any difficulty securing alternative or additional space,      as      needed, on terms acceptable to the Company. 

----

----

----

|   | 1. | Completion                of our Ethanol Production                Facilities |
|--------|----|-------------------------------------------------------------------------------|

|   | 2. | Make                Strategic Acquisitions of Existing or Pending Ethanol Production                Facilities |
|--------|----|----------------------------------------------------------------------------------------------------------------|

----

|   | 3. | Identify                and Exploit New Renewable Fuels and                Technologies |
|--------|----|-----------------------------------------------------------------------------------------|

**Financial      Condition, Liquidity and Capital Resources**

----

*Cash      Requirements*

*Going      Concern*

----

**Risks      Associated With Our Business**

----

acquisition      is subject to our ability to obtain the financing necessary for us to fund      and      carry out exploration programs on the properties. The requirements are      substantial. We presently have approximately $9,000,000 remaining on a line      of      credit facility granted by Uniform Ventures Ltd. We do have other financing      commitments, but obtaining additional financing is critical and would be subject      to a number of factors, including market prices for resources, investor      acceptance of our properties, and investor sentiment. These factors may make      the      timing, amount, terms or conditions of additional financing unavailable to      us.      The most likely source of future funds presently available to us is through      the      sale of equity capital and loans. Any new sales of share capital will result      in      dilution to existing shareholders. 

----

price      of      ethanol or WDG, or any material increase in the price of corn, will adversely      affect our sales and profitability. 

----

**Risks      Associated with Our Common Stock**

----

**Other      Risks**

| **Item                3. ** | **Disclosure                Controls and Procedures** |
|----------------------------------|-------------------------------------------------------|

----

**PART      II - OTHER INFORMATION**

| **Item                1.** | **Legal                Proceedings.** |
|----------------------------|---------------------------------------|

| **Item                2.** | **Unregistered                Sales of Equity Securities and Use of Proceeds.** |
|----------------------------|---------------------------------------------------------------------------------|

| **Item                3.** | **Defaults                Upon Senior Securities.** |
|----------------------------|-----------------------------------------------------|

| **Item                4.** | **Submission                of Matters to a Vote of Security                Holders.** |
|----------------------------|----------------------------------------------------------------------------------------|

| **Item                5.** | **Other                Information.** |
|----------------------------|---------------------------------------|

| **Item                6.** | **Exhibits.** |
|----------------------------|---------------|

| Exhibit                Number |   | Description                                                                                                                                                                                                    |
|-------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **(3)**                       |   | **(i)                Articles of Incorporation; and (ii) Bylaws**                                                                                                                                              |
|                          |   |                                                                                                                                                                                                           |
| 3.1                           |   | Articles                of Incorporation (incorporated by reference from our Form SB-2                Registration Statement, filed on October 13, 2004, as                amended).                           |
|                          |   |                                                                                                                                                                                                           |
| 3.2                           |   | Bylaws                (incorporated by reference from our Form SB-2 Registration Statement,                filed on October 13, 2004, as amended).                                                             |
|                          |   |                                                                                                                                                                                                           |
| **(4)**                       |   | **Form                of Share Certificate**                                                                                                                                                                   |
|                          |   |                                                                                                                                                                                                           |
| 4.1                           |   | Form                of Share Certificate (incorporated by reference from our Form SB-2                Registration Statement, filed on October 13, 2004, as                amended).                           |
|                          |   |                                                                                                                                                                                                           |
| **(10)**                      |   | **Material                Contracts**                                                                                                                                                                          |
|                          |   |                                                                                                                                                                                                           |
| 10.1                          |   | Work                Statement filed March 18, 2005. (incorporated by reference from our                Form                SB-2 Registration Statement, filed on October 13, 2004, as                amended). |

----

| 10.2     |   | Option                to Purchase Agreement - Boss Group of Companies (incorporated by                reference                from our Current Report on Form 8-K, filed on October 11,                2006).                          |
|----------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|     |   |                                                                                                                                                                                                                                    |
| 10.3     |   | Line                of Credit with Uniform Ventures Ltd. (incorporated by reference from                our                Current Report on Form 8-K, filed on October 11, 2006).                                                      |
|     |   |                                                                                                                                                                                                                                    |
| 10.4     |   | Purchase                agreement for industrial plant facility in Quitman County, Mississippi                (incorporated by reference from our Current Report on Form 8-K, filed                on                October 11, 2006). |
|     |   |                                                                                                                                                                                                                                    |
| **(14)** |   |                                                                                                                                                                                                                                    |
|     |   |                                                                                                                                                                                                                                    |
| 14.1     |   | Code                of Ethics (Filed with the SEC as an exhibit to our Annual Report                on Form                10-KSB filed on December 2, 2005).                                                                           |
|     |   |                                                                                                                                                                                                                                    |
| **(21)** |   |                                                                                                                                                                                                                                    |
| 21.1     |   | Southridge                Ethanol Inc. (a Mississippi corporation).Southridge                Environmental Inc. (a Mississippi corporation).                                                                                            |
|     |   |                                                                                                                                                                                                                                    |
| **(31)** |   | **302                Certification**                                                                                                                                                                                                    |
|     |   |                                                                                                                                                                                                                                    |
| 31.1*    |   | Section                302 Certification under Sarbanes-Oxley Act of 2002                                                                                                                                                               |
|     |   |                                                                                                                                                                                                                                    |
| **(32)** |   | **906                Certification**                                                                                                                                                                                                    |
|     |   |                                                                                                                                                                                                                                    |
| 32.1*    |   | Section                906 Certification under Sarbanes-Oxley Act of 2002                                                                                                                                                               |

----

**SIGNATURES**

**SOUTHRIDGE      ENTERPRISES, INC.**

|   |                                                                                                                                                                           |   |   |   |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| By:    | /S/              Ken              Milken                                                                                                                                       |   |   |   |
|   | Ken                MilkenPresident                and Director(Chief                Executive Officer, Chief Operating Officer and Principal                Executive Officer) |   |   |        |

|        |                                                                                                                                                       |   |   |   |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| By:    | /S/              Stephen              Smith                                                                                                                |   |   |   |
|   | Stephen                  SmithChief                  Financial Officer and Director(Secretary,                  Treasurer and Principal Financial Officer) |   |   |        |

----