**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 |
|---|--------------------------------------------------------------------------------------------------------------------------------------|

**May      31, 2008**

| o | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|---|------------------------------------------------------------------------------------------------------------------|

**000-51306**

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

| **Nevada**                                                                   |   | **98-0435537**                                      |
|------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation ororganization) |   | (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. |
|------------------------------------------------------------------------------|----------------------|--------------|----------------------|

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| PART                  1.  | FINANCIAL                  INFORMATION |                                                                                                                                                                                                                                                             |
|---------------------------|----------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                      |                                   |                                                                                                                                                                                                                                                             |
|                      | Item                  1.               | Financial                  Statements                                                                                                                                                                                                                            |  3 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      |                                   | Consolidated                  Balance Sheets as of May 31, 2008 and August 31, 2007.                                                                                                                                                                             |  4 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      |                                   | Consolidated                  Statements of Operations for the three months and nine months ended                  May                  31, 2008 and 2007 and, for the period May 4, 2004 (Date of inception)                  to                  May 31, 2008. |  5 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      |                                   | Consolidated                  Statements of Cash Flows for the nine months ended May 31, 2008                  and 2007                  and, for the period May 4, 2004 (Date of inception) to May 31,                  2008.                                   |  6 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      |                                   | Notes                  to Consolidated Financial Statements                                                                                                                                                                                                      |  7 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      | Item                  2                | Management                  Discussion and Analysis or Plan of Operation                                                                                                                                                                                         |  15 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      | Item                  3                | Controls                  and Procedures                                                                                                                                                                                                                         |  24 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
| PART                  II. | OTHER                  INFORMATION     |                                                                                                                                                                                                                                                             |
|                      |                                   |                                                                                                                                                                                                                                                             |
|                      | Item                  1                | Legal                  Proceedings                                                                                                                                                                                                                               |  25 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      | Item                  2                | Changes                  in Securities                                                                                                                                                                                                                           |  25 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      | Item                  3                | Defaults                  Upon Senior Securities                                                                                                                                                                                                                 |  25 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      | Item                  4                | Submission                  of Matters to a Vote of Security Holders                                                                                                                                                                                             |  25 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      | Item                  5                | Other                  Information                                                                                                                                                                                                                               |  25 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      | Item                  6                | Exhibits                  and Reports on Form 8K                                                                                                                                                                                                                 |  25 |
|                      |                                   |                                                                                                                                                                                                                                                             |   |
|                      | SIGNATURES                             |  27                                                                                                                                                                                                                                                         |
|                      |                                   |                                                                                                                                                                                                                                                             |
|                      | CERTIFICATIONS                         |                                                                                                                                                                                                                                                             |

----

**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 | 7-14             |

----

|                                                                       |   | (Unaudited)  |      |            |   |
|----------------------------------------------------------------------------|--------|--------------|-----------|-----------------|--------|
|                                                                       |   | May 31, |      | August 31, |   |
|                                                                       |   | 2008         |      | 2007            |   |
|                                                                       |   |         |      |            |   |
| ASSETS                                                                     |   |         |           |            |   |  |   |
| Current                  Assets                                            |   |         |           |            |   |  |   |
| Cash                  and cash equivalents                                 |   | $            | 3,522,390 |            | $      | - |   |
|                                                                       |   |         |           |            |   |  |   |
| Plant                  and Equipment                                       |   |         | 2,192,671 |            |   |   |   |
| Intellectual                  Property                                     |   |         | 2,500,000 |            |   |   |   |
| Land                                                                       |   |         | 1,225,000 |            |   | 375,000 |   |
|                                                                       |   |         |           |            |   |  |   |
| Total                  Assets                                              |   | $            | 9,440,061 |            | $      | 375,000 |   |
|                                                                       |   |         |           |            |   |  |   |
| LIABILITIES                  AND STOCKHOLDERS’ EQUITY                |   |         |           |            |   |  |   |
| Current                  Liabilities                                       |   |         |           |            |   |  |   |
| Account                  Payable                                           |   | $            | 51,279    |            | $      | 178,621 |   |
| Demand                  loans – related party                        |   |         | 857,241   |            |   | 239,762 |   |
| Interest                  Payable                                          |   |         | 33,358    |            |   | 61,016 |   |
| Total                  Current Liabilities                                 |   |         | 941,878   |            |   | 479,399 |   |
|                                                                       |   |         |           |            |   |  |   |
| Non-current                  Liabilities                                   |   |         |           |            |   |  |   |
| Debenture                                                                  |   |         | 147,100   |            |   |   |   |
| Notes                  Payable - Property                                  |   |         | 2,350,000 |            |   |   |   |
| Line                  of Credit                                            |   |         | -         |            |   | 752,517 |   |
| Total                  Liabilities                                         |   |         | 2,497,100 |            |   | 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,                  129,117,725 issued at May 30, 2008 and 5,300,500  |   |         |      |            |   |   |   |
| issued                  at August 31, 2007                                 |   |         | 129,117   |            |   | 5,300 |   |
| Additional                  paid-in Capital                                |   |         | 3,015,033 |            |   | 286,913 |   |
| Deficit                  accumulated during development stage              |   |         | 2,856,933 |            |   | (1,149,129 | ) |
| Total                  stockholders’ equity (deficiency)             |   |         | 6,001,083 |            |   | (856,916 | ) |
|                                                                       |   |         |      |            |   |   |   |
| Total                  Liabilities and Stockholders’ Equity          |   | $            | 9,440,061 |            | $      | 375,000 |   |

----

|                                        |   |                                           |       |                                          |   |                  |   |   |       | Accumulated |   |
|---------------------------------------------|--------|------------------------------------------------|------------|-----------------------------------------------|--------|-----------------------|--------|--------|------------|-------------|--------|
|                                        |   |                                           |       |                                          |   |                  |   |   |       | Since       |   |
|                                        |   |                                           |       |                                          |   | May 4, 2004 |   |
|                                        |   | For the Three Months Ended |       | For the Nine Months Ended |   | Inception of     |   |
|                                        |   | May 31,                                   |       | May 31,                                  |   | Development           |   |
|                                        |   | 2008                                           |       | 2007                                          |   | 2008                  |   | 2007   |       | Stage       |   |
|                                        |   |                                           |       |                                          |   |                  |   |   |       |        |   |
| Revenues                                    |   | $                                              | 6,720,000  |                                          | $      | -                     |   | $      | 11,760,000 |        | $      | - |   | $ | 11,760,000 |   |
| Cost                  of Goods              |   |                                           | (3,892,000 | )                                             |   | -                     |   |   | (6,727,000 | )           |   | - |   |   | (6,727,000 | ) |
| Net                  Revenues               |   |                                           | 2,828,000  |                                          |   | -                     |   |   | 5,033,000  |        |   | - |   |   | 5,033,000 |   |
|                                        |   |                                           |       |                                          |   |                  |   |   |       |        |   |   |   |   |   |   |
| Expenses                                    |   |                                           |       |                                          |   |             |   |   |       |        |   |   |   |   |   |   |
| Consulting                  fees            |   |                                           | 186,865    |                                          |   | 45,000                |   |   | 568,139    |        |   | 390,800 |   |   | 1,218,439 |   |
| General                  and Administrative |   |                                           | 92,245     |                                          |   | 104,415               |   |   | 278,806    |        |   | 216,392 |   |   | 630,538 |   |
| Investor                  Relations         |   |                                           | 38,728     |                                          |   | 621                   |   |   | 118,093    |        |   | 76,251 |   |   | 195,874 |   |
| Mineral                  Property costs     |   |                                           | -          |                                          |   | -                     |   |   | -          |        |   | - |   |   | 8,300 |   |
|                                        |   |                                           |       |                                          |   |                  |   |   |       |        |   |   |   |   |   |   |
| Total                  Expenses             |   |                                           | 317,838    |                                          |   | 150,036               |   |   | 965,038    |        |   | 683,443 |   |   | 2,053,151 |   |
|                                        |   |                                           |       |                                          |   |                  |   |   |       |        |   |   |   |   |   |   |
| Other                  Income (Expense)     |   |                                           |       |                                          |   |                  |   |   |       |        |   |   |   |   |   |   |
| Interest                  Expense           |   |                                           | (29,526    | )                                             |   | (16,032               | )      |   | (61,900    | )           |   | (37,750 | ) |   | (122,916 | ) |
|                                        |   |                                           |       |                                          |   |                  |   |   |       |        |   |   |   |   |   |   |
| Net                  Income (Loss)          |   | $                                              | 2,480,636  |                                          | $      | (166,068              | )      | $      | 4,006,062  |        | $      | (721,193 | ) | $ | 2,856,933 |   |
|                                        |   |                                           |       |                                          |   |                  |   |   |       |        |   |   |   |   |   |   |
| Weighted                  Average Shares    |   |                                           | 88,775,200 |                                          |   | 88,775,200            |   |   | 88,775,200 |        |   | 88,775,200 |   |   |  |   |
| Loss                  Per Common Share      |   | $                                              | 0.03       |                                          | $      | -                     |   | $      | 0.04       |        | $      | - |   |   |   |   |

----

|                                                                                         |   |                                     |       | Deficit               |   |
|----------------------------------------------------------------------------------------------|--------|-----------------------------------------------|------------|-----------------------|--------|
|                                                                                         |   |                                     |       | Accumulated           |   |
|                                                                                         |   |                                     |       | Since                 |   |
|                                                                                         |   |                                     |       | May 4, 2004 |   |
|                                                                                         |   | For the Nine Months Ended |       | Inception of     |   |
|                                                                                         |   | May 31                                   |       | Development           |   |
|                                                                                         |   | 2008                                          |       | 2007                  |   | Stage |   |
|                                                                                         |   |                                          |       |                  |   |   |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                                         |   |                                          |            |                  |   |  |   |   |  |   |
|                                                                                         |   |                                          |            |                  |   |  |   |   |  |   |
| Net                Income/(Loss)                                                             |   | $                                             | 4,006,062  |                  | $      | (721,193 | ) | $ | 2,856,933 |   |
| 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                                       |   |                                          | (127,342   | )                     |   | 123,071 |   |   | 51,279 |   |
| Increase                (decrease) in interest payable                                       |   |                                          | (27,658    | )                     |   | 37,721 |   |   | 33,358 |   |
| Net                cash from operating activities                                            |   |                                          | 3,851,062  |                  |   | (560,401 | ) |   | 3,141,070 |   |
|                                                                                         |   |                                          |            |                  |   |  |   |   |  |   |
| CASH                FLOWS FROM INVESTING ACTIVITES:                                          |   |                                          |            |                  |   |  |   |   |  |   |
|                                                                                         |   |                                          |            |                  |   |  |   |   |  |   |
| Plant                construction costs                                                      |   |                                          | (1,542,671 | )                     |   |   |   |   | (1,542,671 | ) |
| Purchase                of property                                                          |   |                                          | -          |                  |   | (375,000 | ) |   | (375,000 | ) |
| Net                cash used in investing activities                                         |   |                                          | (1,542,671 | )                     |   | (375,000 | ) |   | (1,917,671 | ) |
|                                                                                         |   |                                          |            |                  |   |  |   |   |  |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES:                                         |   |                                          |            |                  |   |  |   |   |  |   |
|                                                                                         |   |                                          |            |                  |   |  |   |   |  |   |
| Increase                (decrease) in demand loans – related                party |   |                                          | 610,000    |                  |   | 118,548 |   |   | 849,762 |   |
| Issuance                of common stock                                                      |   |                                          | 29,000     |                  |   | - |   |   | 121,713 |   |
| Debenture                Proceeds                                                            |   |                                          | 150,000    |                  |   | - |   |   | 150,000 |   |
| Proceeds                from Line of Credit                                                  |   |                                          | 424,999    |                  |   | 812,717 |   |   | 1,177,516 |   |
| Net                cash provided by financing activities                                     |   |                                          | 1,213,999  |                  |   | 931,265 |   |   | 2,298,991 |   |
|                                                                                         |   |                                          |            |                  |   |  |   |   |  |   |
| Net                increase (Decrease) in Cash and Cash Equivalents                          |   |                                          | 3,522,390  |                  |   | (4,136 | ) |   | 3,522,390 |   |
|                                                                                         |   |                                          |            |                  |   |  |   |   |  |   |
| Cash                and Cash Equivalents at the Beginning of Period                          |   |                                          | -          |                  |   | 7,548 |   |   | - |   |
|                                                                                         |   |                                          |            |                  |   |  |   |   |  |   |
| Cash                and Cash Equivalents at the End of the Period                            |   | $                                             | 3,522,390  |                  | $      | 3,412 |   | $ | 3,522,390 |   |
|                                                                                         |   |                                          |            |                  |   |  |   |   |  |   |
| 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 May 31, 2008, the Company had                  a cash                  balance of $3,522,390, working capital of $2,580,512, stockholders’ equity                  of $6,001,083, and accumulated net income of $2,856,933 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 May 31, 2008, the Company had                  $3,522,390 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. |

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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 May 31,                  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. |

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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 May 31, 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 May 31, 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. |

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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. |
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| **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**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | 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. 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 28, 2008, the Company received a conversion notice and retired                  the                  total outstanding balance of the Line of Credit of $1,177,516 by                  issuing                  117,751,600 treasury shares to the Lender in lieu of                  payment. |
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| **5.** | **Land**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
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|   | 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, but was extended to start July 5, 2008 due to delays                  in                  access to the property. 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 May 31,                  2008,                  the Company had advanced $692,671 toward the plant development                  on the                  property. |
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| **6.** | **Commitments                  and Contractual Obligations**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
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|   | 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..                  Soft offer transactions involve commodities, such as ethanol, for                  which                  the price is volatile and can change from one day to the next until                  such                  time that the spot price is set and a Letter of Credit is established                  with                  a formal agreement. 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. However, this soft offer was open                  for 30                  days and the Company could not come to terms to finalize the                  purchase.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
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| **7.** | **Option                  Agreement Deposit**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
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|   | 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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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| **8.** | **Related                Party Loans**                                                                                                                                                                                                        |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                          |
|   | During                the period ended May 31, 2008, the Company received short term loans                from                a former related party. The following table shows the amount due                at May                31, 2008: |

|                  **Short term loan**                                                                                                                                                                                                                                                   |   |   | May 31, 2008 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------------------|--------|
|                  **4% interest bearing and unsecured**                                                                                                                                                                                                                                 |   |   |                        |   |
|                  Alex Smid                                                                                                                                                                                                                                                             |   | $      | 857,241                |   |
|                                                                                                                                                                                                                                                                                        |   |   |                        |   |
|                                                            **Total** |   | $      | 857,241                |   |

| **9.**     | **Revenues**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** ** | ** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       | During                  this third quarter ending May 31, 2008, the Company completed another                  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 partner Micheles Borgan & Lea                  Capital (MBLC). The entire transaction was the export of 8 million                  gallons                  of ethanol for a total cost of $11,120,000 USD ($1.39 per gallon)                  and for                  proceeds of $19,200,000 USD ($2.40 per gallon) for a net profit                  of                  $8,080,000 USD. As per the Revenue Sharing Agreement, the Company                  was                  entitled to 35% of the revenue and profits related to this transaction,                  $6,720,000 and $2,828,000, respectively. A total commitment of                  $1,000,000                  was deposited by the Company in order for MBLC to finance the difference                  of $10,120,000 USD and secure a Letter of Credit.                                                                                                                                                                                                                                                                                                                                          |
| **10.**    | **Line                  of Credit and Notes Payable**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|       | 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. On March 28, 2008, the Company received a conversion notice                  and                  retired the total outstanding balance of the line of credit by                  issuing                  117,751,600 treasury shares to the Lender in lieu of payment. 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. |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| **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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

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|   | SOUTHRIDGE                  ENTERPRISES, INC. (A                  Development Stage Company) Notes                  to Consolidated Financial Statements (Expressed                  in US Dollars)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | 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 nine months                  ended May                  31, 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 |
|--------|----------------------------------|-------------------------------------|

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| **12.** | **Subsequent                Events**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    | On                July 7, 2008, the Company secured an additional joint venture partner                to                construct and operate its ethanol facility in Brazil. Durmundo Carasca                SA                ("DCSA") has agreed to contribute $5,000,000 USD to the joint venture                to                earn a 15% interest in the Brazil facility and participate on a pro-rata                basis in the start-up and operating costs of the plant. DCSA has                recently                contributed $2,500,000 to the joint                venture. |

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

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

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|   | 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 |
|--------|----|-----------------------------------------------------------------------------------------|

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**Financial      Condition, Liquidity and Capital Resources**

*Cash      Requirements*

*Going      Concern*

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**Risks      Associated With Our Business**

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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. 

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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**

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**Other      Risks**

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

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**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.** |
|------------------------|---------------|

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| 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                                                                                                                                                                |

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**SIGNATURES**

**SOUTHRIDGE      ENTERPRISES, INC.**

|  By:                                                                                               |  /S/                Ken Milken |
|--------------------------------------------------------------------------------------------------------------|-------------------------------------|
| Ken              Milken                                                                                      |
| President              and Director                                                                          |
| (Chief              Executive Officer, Chief Operating Officer and Principal Executive              Officer) |
|                                                                                                         |                                |
|                                                                                                         |                                |
| By:                                                                                                          | /S/                Stephen Smith    |
| Stephen              Smith                                                                                   |
| Chief              Financial Officer and Director                                                            |
| (Secretary,              Treasurer and Principal Financial              Officer)                             |

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