UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 Washington,
D.C. 20549
 
 FORM
10-Q


x
              QUARTERLY REPORT UNDER SECTION
      13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY
      PERIOD ENDED MARCH 31, 2008
  o
                  TRANSITION REPORT PURSUANT TO
      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the
      transition period
from______to_______
 Commission
File Number: 000-52979
 
 Swinging
Pig Productions, Inc.
 (Exact
name of small business issuer as specified in its charter)
 
 Florida
              75-3160134(State
      or other jurisdiction of incorporation or organization)
              (I.R.S.
      Employer Identification No.)
 18
W. 21st Street, 5th floor New York, NY 10010
 (Address
of principal executive offices)
  (646)
827-9381 (Issuer’s
Telephone Number)
  Indicate
by check mark whether the registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. xYes  oNo
  Indicate
by check mark whether the registrant is a large accelerated file, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the
definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.
  Large
      accelerated filer
                    o
                    Accelerated
      filer
                    oNon-accelerated
      filer
                    o (Do not check if
      a smaller reporting company)
                    Smaller
      reporting company
                    x


Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). x Yes  oNo






APPLICABLE
ONLY TO CORPORATE ISSUERS




State the
number of shares outstanding of each of the issuer's classes of common equity,
as of the latest practical date.  As of May 20, 2008, the issuer the
following classes of its stock issued and outstanding:




Class:  Common
Stock, $0.001 Par Value:  2,168,000 shares outstanding.




1







PART
I - FINANCIAL INFORMATION





Item 1.  Financial
Statements






SWINGING
PIG PRODUCTIONS, INC. & SUBSIDIARY
 (A Development Stage Company) Consolidated
Balance Sheets


ASSETSMarch 31,

                  2008
              
              
              December 31,

                  2007CURRENT
      ASSETSCas
              
              $
              20,464
              
              
              $
              28,037Related
      party receivables
              
              
              1,200
              
              
              
              1,200Total
      Current Assets
              
              
              21,664
              
              
              
              29,237TOTAL
      ASSETS
              
              $
              21,664
              
              
              $
              29,237LIABILITIES AND
      STOCKHOLDERS' EQUITY (DEFICIT)CURRENT
      LIABILITIESAccounts
      payable and accrued expenses
              
              $
              66,000
              
              
              $
              61,130Related
      party payables
              
              
              2,452
              
              
              
              2,452Total
      Current Liabilities
              
              
              68,452
              
              
              
              63,582STOCKHOLDERS'
      EQUITY (DEFICIT)Common
      stock, $0.001 par value, 5,000,000shares
      authorized, 2,168,000 shares issued
              
              
              2,168
              
              
              
              2,168Additional
      paid-in capital
              
              
              241,032
              
              
              
              241,032Deficit
      accumulated during the development stage
              
              
              (289,989
              )
              
              
              (277,545
              )Total
      Stockholders' Equity (Deficit)
              
              
              (46,789
              )
              
              
              (34,345
              )TOTAL
      LIABILITIES AND STOCKHOLDERS'EQUITY
      (DEFICIT)
              
              $
              21,664
              
              
              $
              29,237




The
accompanying notes are an integral part of these financial
statements.




2


SWINGING
PIG PRODUCTIONS, INC. & SUBSIDIARY
 (A Development Stage Company) Consolidated
Statements of Operations


June
      25, 2004For
      the 3 Months Ended
              
              
              
              (inception)
      toMarch
      31,
              
              
              
              March
      31,2008
              
              
              
              2007
              
              
              
              2008REVENUES
              
              $
              -
              
              
              $
              -
              
              
              $
              -OPERATING
      EXPENSESProduction
      expenses
              
              
              242
              
              
              
              714
              
              
              
              143,426Management
      fees
              
              
              1,500
              
              
              
              1,500
              
              
              
              102,000General
      and administrative
              
              
              5,702
              
              
              
              5,702
              
              
              
              39,563Total
      Operating Expenses
              
              
              7,444
              
              
              
              7,916
              
              
              
              284,989LOSS
      FROM OPERATIONS
              
              
              (7,444
              )
              
              
              (7,916
              )
              
              
              (284,989
              )OTHER
      EXPENSESInterest
      expense
              
              
              -
              
              
              
              -
              
              
              
              -Total
      Other Expenses
              
              
              -
              
              
              
              -LOSS
      BEFORE INCOME TAXES
              
              
              (7,444
              )
              
              
              (7,916
              )
              
              
              (284,989
              )PROVISION
      FOR INCOME TAXES
              
              
              -
              
              
              
              -
              
              
              
              -NET
      LOSS
              
              $
              (7,444
              )
              
              $
              (7,916
              )
              
              $
              (284,989
              )BASIC
      LOSS PER COMMON SHARE
              
              $
              (0.003
              )
              
              $
              (0.004
              )WEIGHTED
      AVERAGE NUMBER OFCOMMON
      SHARES OUTSTANDING
              
              
              2,168,000
              
              
              
              2,168,000






The
accompanying notes are an integral part of these financial
statements




3


SWINGING
PIG PRODUCTIONS, INC. & SUBSIDIARY
 (A Development Stage Company) Consolidated
Statements of Cash Flows


From
      Inceptionon
      June 25,For
      the 3 Months Ended
              
              
              2004
      ThroughMarch
      31,
              
              
              March
      31,2008
              
              
              2007
              
              
              2008OPERATING
      ACTIVITIESNet loss
              
              $
              (7,444
              )
              
              $
              (7,916
              )
              
              $
              (284,989
              )Adjustments
      to Reconcile Net Loss to NetCash
      Used by Operating Activities:Changes
      in operating assets and liabilities:Changes
      in related party receivables
              
              
              
              
              
              
              
              
              
              
              (1,200
              )Changes
      in accounts payable andaccrued
      expenses
              
              
              4,870
              
              
              
              (1,936
              )
              
              
              61,000Net
      Cash Used by Operating Activities
              
              
              (2,574
              )
              
              
              (9,852
              )
              
              
              (225,189
              )INVESTING
      ACTIVITIES
              
              
              
              
              
              
              
              
              
              
              -FINANCING
      ACTIVITIESLoans
      from related parties
              
              
              -
              
              
              
              -
              
              
              
              2,452Common
      stock issued for cash
              
              
              -
              
              
              
              -
              
              
              
              243,200Net
      Cash Provided by Financing Activities
              
              
              -
              
              
              
              -
              
              
              
              245,652NET
      DECREASE IN CASH
              
              
              (2,574
              )
              
              
              (9,852
              )
              
              
              20,464CASH
      AT BEGINNING OF PERIOD
              
              
              28,037
              
              
              
              49,173
              
              
              
              -CASH
      AT END OF PERIOD
              
              $
              20,464
              
              
              $
              42,838
              
              
              $
              20,464SUPPLIMENTAL
      DISCLOSURES OFCASH
      FLOW INFORMATIONCASH
      PAID FOR:Interest
              
              $
              -
              
              
              $
              -
              
              
              $
              -Income
      Taxes
              
              $
              -
              
              
              $
              -
              
              
              $
              -






The
accompanying notes are an integral part of these financial
statements.




4




Swinging
Pig Productions, Inc.
 (A
Development Stage Company)
 
 NOTES TO
UNAUDITED FINANCIAL STATEMENTS
 (March
31, 2008)
 
 NOTE
      1 -
              CONDENSED
      FINANCIAL STATEMENTS
 
 The
accompanying financial statements have been prepared by the Company without
audit.  In the opinion of management, all adjustments (which include
only normal recurring adjustments) necessary to present fairly the financial
position, results of operations, and cash flows at March 31, 2008 and for all
periods presented herein, have been made.
 
 Certain
information and footnote disclosures normally included in financial statements
prepared in accordance with accounting principles generally accepted in the
United States of America have been condensed or omitted.  It is
suggested that these condensed financial statements be read in conjunction with
the financial statements and notes thereto included in the Company’s December
31, 2007 audited financial statements.  The results of operations for
the periods ended March 31, 2008 and 2007 are not necessarily indicative of the
operating results for the full years.
 
 NOTE
      2 -
              GOING
      CONCERN
 
 The
      Company’s financial statements are prepared using generally accepted
      accounting principles in the United States of America applicable to a
      going concern which contemplates the realization of assets and liquidation
      of liabilities in the normal course of business. The Company has not yet
      established an ongoing source of revenues sufficient to cover its
      operating costs and allow it to continue as a going concern. The ability
      of the Company to continue as a going concern is dependent on the Company
      obtaining adequate capital to fund operating losses until it becomes
      profitable. If the Company is unable to obtain adequate capital, it could
      be forced to cease operations.
 
 In
      order to continue as a going concern, the Company will need, among other
      things, additional capital resources. Management’s plan is to obtain such
      resources for the Company by obtaining capital from management and
      significant shareholders sufficient to meet its minimal operating expenses
      and seeking equity and/or debt financing. However management cannot
      provide any assurances that the Company will be successful in
      accomplishing any of its plans.
 
 The
      ability of the Company to continue as a going concern is dependent upon
      its ability to successfully accomplish the plans described in the
      preceding paragraph and eventually secure other sources of financing and
      attain profitable operations. The accompanying financial statements do not
      include any adjustments that might be necessary if the Company is unable
      to continue as a going
concern.




5




Item 2.  Plan of
Operation





This
following information specifies certain forward-looking statements of management
of the company. Forward-looking statements are statements that estimate the
happening of future events and are not based on historical
fact.  Forward-looking statements may be identified by the use of
forward-looking terminology, such as “may”, “shall”, “could”, “expect”,
“estimate”, “anticipate”, “predict”, “probable”, “possible”, “should”,
“continue”, or similar terms, variations of those terms or the negative of those
terms.  The forward-looking statements specified in the following
information have been compiled by our management on the basis of assumptions
made by management and considered by management to be reasonable. Our future
operating results, however, are impossible to predict and no representation,
guaranty, or warranty is to be inferred from those forward-looking
statements.





The
assumptions used for purposes of the forward-looking statements specified in the
following information represent estimates of future events and are subject to
uncertainty as to possible changes in economic, legislative, industry, and other
circumstances. As a result, the identification and interpretation of data and
other information and their use in developing and selecting assumptions from and
among reasonable alternatives require the exercise of judgment. To the extent
that the assumed events do not occur, the outcome may vary substantially from
anticipated or projected results, and, accordingly, no opinion is expressed on
the achievability of those forward-looking statements. We cannot guarantee that
any of the assumptions relating to the forward-looking statements specified in
the following information are accurate, and we assume no obligation to update
any such forward-looking statements.





Critical Accounting Policy and
Estimates.Our Management's Discussion and Analysis of
Financial Condition and Results of Operations section discusses our consolidated
financial statements, which have been prepared in accordance with accounting
principles generally accepted in the United States of America. The preparation
of these financial statements requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities at the
date of the financial statements and the reported amounts of revenues and
expenses during the reporting period. On an on-going basis, management evaluates
its estimates and judgments, including those related to revenue recognition,
accrued expenses, financing operations, and contingencies and litigation.
Management bases its estimates and judgments on historical experience and on
various other factors that are believed to be reasonable under the
circumstances, the results of which form the basis for making judgments about
the carrying value of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these estimates under different
assumptions or conditions. The most significant accounting estimates inherent in
the preparation of our financial statements include estimates as to the
appropriate carrying value of certain assets and liabilities which are not
readily apparent from other sources. These accounting policies are described at
relevant sections in this discussion and analysis and in the notes to the
consolidated financial statements included in our Annual Report as of March 31,
2008 filed on Form 10-KSB.




Our
Business.Swinging Pig Productions, Inc. (“we” or the
“Company), is a development stage Florida Corporation formed on June 25, 2004 to
develop a low-budget film concept that appeals to a broad audience.  Our
corporate purpose is to develop, produce and market feature-length motion
pictures. Our first production is tentatively titled “Chronicles of a Skater
Girl,” (“Skater Girl”). Chronicles of a Skater Girl, LLC, is our
wholly-owned subsidiary. From inception through the current date, our business
operations have primarily been focused on developing Skater Girl. We conducted a
private offering to raise funds to produce and distribute Skater Girl, and to
finance our general corporate expenses. Otherwise, our operations have been
funded by our management who also hold approximately 55% of our outstanding
shares of common stock. We anticipate that our future revenues will be generated
through both distribution and commercial licensing of Skater Girl’s distribution
rights.  We have not had any operating revenue from operations as we have
not yet commercially marketed Skater Girl or any other production.




6




For the three months ended
March 31, 2008 as compared to the three months ended March 31,
2007.




Liquidity and Capital
Resources. As of March 31, 2008, we have $20,464 cash on hand
and in our corporate bank accounts.  We also have $1,200 in related
party receivables, in the form of loans from shareholders, making our total
current assets $21,664. We have total current liabilities of $68,452, which
consists of accounts payable and accrued expenses of $66,000 and loans payable
to shareholders of $2,452 as of March 31, 2008.




Results of
Operations.  As of March 31, 2008, we have not yet generated or
realized any revenues and will not do so until and unless we complete Skater
Girl and enter into a distribution agreement.





Revenues.   We
have no revenues and have only achieved losses since inception.  For
the period from our inception on June 25, 2004 to the period ended March 31,
2008, we generated no revenues from our operations.  We will be unable
to generate revenues until we are able to complete Skater Girl and then enter
into a distribution agreement for Skater Girl.





Operating
Expenses.For the three months ended March 31, 2008, our total
expenses were $7,444, which were represented by $5,702 for general and
administrative expenses, $1,500 for management fees, and $242 for production
expenses.  Our loss from operations and net loss was also $7,444 for
the three months ended March 31, 2008.  This is in comparison to the
three months ended March 31, 2007, where our total expenses were $7,916, which
was represented by $5,702 in general and administration expenses, $1,500 in
management fees, and $714 in production expenses.  The expenses were
higher for the three months ended March 31, 2007 since we had greater film
production expenses in that period. We expect to incur
considerable expenses as we continue to finish production of Skater Girl and
seek a distribution agreement.





Our Plan of Operation for the Next
Twelve Months. To effectuate our business plan during the next twelve
months, we complete Skater Girl and arrange for its distribution.  Our
estimated budget to complete post-production on Skater Girl is:





Steps
      required
            Estimated
      budget1)
      Completion of editing
            $2,0002)
      Selection of music for Skater Girl’s soundtrack
            n/a3)
      Licensing of selected music from recording artists and/or their record
      labels
            $3,0004)
      Sound design and folly editing for Skater Girl
            $1,5005)
      Final sound mix including movie dialogue, soundtrack music, and folly
      sound
            $1,0006)
      Color correction of Skater Girl
            $1,5007)
      Mastering of the digital master
            $1,500Total
            $10,500





Upon
completion of Skater Girl, we anticipate that our next steps will be submitting
to a select number of film festivals.  The specific festivals which
the movie will be submitted will be contingent on the combination of the
following:  the date we complete Skater Girl; which festivals and
deadlines coincide with Skater Girl’s completion date; and which of these
festivals are appropriate venues for Skater Girl to be
seen.  Simultaneously, we will market Skater Girl to DVD, television,
and online distributors, as well as other ancillary channels of distribution in
an effort to secure domestic and foreign distribution for Skater
Girl.





We had
cash of $20,464 as of March 31, 2008. We believe we do have adequate funds to
satisfy our working capital requirements for the next twelve months to complete
Skater Girl and market it for distribution. Our forecast for the period for
which our financial resources will be adequate to support our operations
involves risks and uncertainties and actual results could fail as a result of a
number of factors. We will need to raise additional capital to continue our
operations.





We
anticipate fixed monthly costs of between $1,500 and $4,000.  We
estimate that we will require approximately $10,500 to complete the post
production on Skater Girl and to arrange for distribution. In the event that we
experience a shortfall in our capital, which will occur if we are unable to
increase our revenues we intend to pursue capital through public or private
financing as well as borrowings and other sources, such as our officers and
directors. We cannot guaranty that additional funding will be available on
favorable terms, if at all.  If adequate funds are not available, then
our ability to continue our operations may be significantly hindered. If
adequate funds are not available, we believe that our officers, directors and
majority shareholders will contribute funds to pay for our expenses to achieve
our objectives over the next twelve months. Our belief that our majority
shareholders will pay our expenses is based on the fact that they own 1,200,000
shares of our common stock, which equals approximately 55.4% of our outstanding
common stock. We believe that our majority shareholders will continue to pay our
expenses as long as they maintain ownership of our common stock. Therefore, we
have not contemplated any plan of liquidation in the event that we do not
generate sufficient revenues to support our operations.




7





We do not
anticipate conducting any such activities in the near future. In the event that
we change the focus of our operations, then we may need to hire additional
employees or independent contractors as well as purchase or lease additional
equipment.





Because
we have limited operations and assets, we may be considered a shell company as
defined in Rule 12b-2 of the Securities Exchange Act of 1934. Accordingly, we
have checked the box on the cover page of this report that specifies we are a
shell company.





Off-Balance Sheet Arrangements.There are no off balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that are material to
investors.





Item 3. Quantitative and
Qualitative Disclosures about Market Risk




Not
applicable.




Item 4. Controls and
Procedures





Evaluation of disclosure controls and
procedures. We maintain controls and procedures designed to ensure that
information required to be disclosed in the reports that we file or submit under
the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported within the time periods specified in the rules and forms of the
Securities and Exchange Commission. Based upon their evaluation of those
controls and procedures performed as of March 31, 2008, the date of this report,
our chief executive officer and the principal financial officer concluded that
our disclosure controls and procedures were effective.





Item 4(T). Controls and
Procedures.





Changes in internal controls.There were no changes in our internal control over financial reporting
that occurred during the fiscal quarter covered by this report that have
materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.




PART
II — OTHER INFORMATION





Item 1. Legal
Proceedings.





None.





Item 1A. Risk
Factors.





Not
applicable.





Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds.





None.





Item 3.  Defaults
Upon Senior Securities





None.





Item
4.  Submission of Matters to Vote of Security
Holders





None.





Item 5.  Other
Information





None.





Item
6.  Exhibits





31. Rule 13a-14(a)/15d-14(a) Certifications.





32.
Section 1350 Certifications.




8




SIGNATURES





In
accordance with the requirements of the Securities Exchange Act of 1934, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.




Swinging
      Pig Productions, Inc.
                a
      Florida corporationMay
      20, 2008
              By:
              /s/ Julie
      MirmanJulie
      Mirman
                Principal
      Executive Officer,

                  President
      and a Director




May
      20, 2008
            By:
            /s/ Daniel
      MirmanDaniel
      Mirman
              Principal Financial Officer, Treasurer,
              Secretary and a Director








9