United States Securities and Exchange Commission Washington, DC 20549  FORM 10Q  [X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES AND EXCHANGE ACT OF 1934  For the quarterly period endedSeptember 30, 2010  [ ] TRANSITION REPORT UNDER SECTION  13 OR 15 (d) OF THE EXCHANGE ACT  Commission file Number 000-52831  CAPITAL RESOURCE ALLIANCE INC. Exact name of small business issuer as specified in its charter   Colorado                                                                                                  20-5966439  (State or other jurisdiction of I.R.S. Employer incorporation or organization) Identification Number 16125 Shawbrooke Rd SW, Calgary,  AB T2Y 3B3 Canada (Address of principal executive office)  (403)  827-7936 Issuer's telephone number  APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS  Check whether the registrant filed all documents and reports required To be filed by Section 12, 13 or 15 (d) of the Exchange Act after the distribution of Securities under a plan confirmed by a court.  Yes ____  No ____  APPLICABLE ONLY TO CORPORATE ISSUERS State the number of shares outstanding of each of the Issuer's Common equity as of the last practicable date: 61,200,000 shares  Transitional Small Business Disclosure Format (check one)  Yes ___  No  X  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ X] No [__] As of the date of this report the Registrant had 61,200,000 shares issued and outstanding  Item 1.  CAPITAL RESOURCE ALLIANCE INC. (An Exploration Stage Company) INTERIM FINANCIAL STATEMENTS      2   CAPITAL RESOURCE ALLIANCE INC. (An Exploration Stage Company) Balance Sheets (Unaudited)


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|-------------------------------------------------------------------- |  | ---------------------- |  | -------------------
|                                                                     |  | September 30,          |  | June 30,           
|                                                                     |  | 2010                   |  | 2010               
|ASSETS                                                               |  | (Unaudited)            |  | (Audited)          
|                                                                     |  |                        |  |                    
|Current Assets:                                                      |  |                        |  |                    
|Cash                                                                 |  | $                 -    |  | $                - 
|Total current assets                                                 |  | -                      |  | -                  
|                                                                     |  |                        |  |                    
|Total Assets                                                         |  | $                  -   |  | $                 -
|                                                                     |  |                        |  |                    
|                                                                     |  |                        |  |                    
|LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                       |  |                        |  |                    
|                                                                     |  |                        |  |                    
|Current Liabilities:                                                 |  |                        |  |                    
|Accounts Payable                                                     |  | 18,900                 |  | 12,700             
|Advances from shareholder                                            |  | 14,820                 |  | 14,820             
|                                                                     |  | 33,720                 |  | 27,520             
|                                                                     |  |                        |  |                    
|Stockholders' Equity (Deficit):                                      |  |                        |  |                    
|Preferred stock, $.001 par value; authorized 10,000,000, none issued |  | -                      |  | -                  
|Common stock, $.001 par value; 100,000,000 shares authorized         |  |                        |  |                    
|61,200,000 shares issued and outstanding at September 30, 2010       |  |                        |  |                    
|and June 30, 2010                                                    |  | 61,200                 |  | 61,200             
|Additional paid in capital                                           |  | (23,600)               |  | (23,600)           
|Accumulated deficit                                                  |  | (71,320)               |  | (65,120)           
|                                                                     |  |                        |  |                    
|Total Stockholders' Equity (Deficit)                                 |  | (33,720)               |  | (27,520)           
|                                                                     |  |                        |  |                    
|Total Liabilities and Stockholders' Equity (Deficit)                 |  | $                    - |  | $              -   

SEE ATTACHED NOTES            CAPITAL RESOURCE ALLIANCE INC. (An Exploration Stage Company) Statements of Operations  FromJanuary 13,For theFor the2000threethree(Date ofmonthsmonthsinception)endedendedtoSeptember 30,September 30,September 30,201020092010Revenue:$                            -$                            -$                                -Total Revenue---Operating Expenses:Exploration costs--5,000General and administrative6,2006,29054,820Impairment of mineral claims11,500Total Operating Expenses6,2006,29071,320NET LOSS$                     (6,200)$                     (6,290)$                      (71,320)Weighted Average SharesCommon Stock Outstanding61,200,00061,200,000Net Loss Per  Share(Basic and Fully Dilutive)(0.00)(0.00)  (Unaudited)    SEE ATTACHED NOTES             CAPITAL RESOURCE ALLIANCE INC. (An Exploration Stage Company) Statements of Cash Flows  FromJanuary 13,For theFor the2000threethree(Date ofmonthsmonthsinception)endedendedtoSeptember 30,September 30,September 30,201020092010Cash Flows Used in Operating Activities:Net Loss$                    (6,200)$                    (6,290)$                      (71,320)Adjustments to reconcile net (loss) to net cash providedby operating activites:Issuance of stock for services--1,100Impairment of mineral claims--11,500Increase in Accounts Payable6,200(5,530)18,900Net Cash Used in Operating Activities-(11,820)(39,820)Cash Flows from Investing Activities:Acquisition of mineral claims--(10,000)Cash Flows from Financing Activities:Advances from shareholder-11,82014,820Issuance of common stock for cash--35,000Net Cash Provided by Financing Activities-11,82049,820Net Increase (Decrease) in Cash---Cash at Beginning of Period---Cash at End of Period$                           -$                           -$                               -Non-Cash Investing & Financing ActivitiesIssuance of stock for services$                           -$                           -$                        1,100Issuance of stock for property$                           -$                           -$                        1,500  (Unaudited) SEE ATTACHED NOTES           CAPITAL RESOURCE ALLIANCE, INC. (AN EXPLORATION STAGE COMPANY) NOTES TO THE FINANCIAL STATEMENTS September 30, 2010 (UNAUDITED)  NOTE 1  BASIS OF PRESENTATION  The interim financial statements of Capital Resource Alliance, Inc. (the Company) for the three months ended September 30, 2010 and 2009 and for the period from the date of inception on January 12, 2000 to September 30, 2010 are not audited.  The financial statements are prepared in accordance with generally accepted accounting principles in the United States of America.  In the opinion of management, the accompanying financial statements contain all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of the Companys financial position as of September 30, 2010 and 2009 and the results of its operations and cash flows for the three months ended September 30, 2010 and 2009 and for the period from the date of inception on January 12, 2000 to September 30, 2010.  The results of operations for the three months ended September 30, 2010 and 2009 are not necessarily indicative of the results for a full year period.  NOTE 2  NATURE AND PURPOSE OF BUSINESS  Capital Resource Alliance, Inc. (the Company) was incorporated under the laws of the State of Colorado on January 12, 2000.  The Companys activities to date have been limited to organization and capital formation.  The Company is an exploration stage company and has acquired a series of mining claims for exploration and formulated a business plan to investigate the possibilities of a viable mineral deposit.  The Company has adopted June 30 as its fiscal year end.  NOTE 3  NATURE OF SIGNIFICANT ACCOUNTING POLICIES  CASH AND CASH EQUIVALENTS  The Company considers all highly liquid debt instruments purchased with maturity of three months or less to be cash equivalents.  REVENUE RECOGNITION  The Company considers revenue to be recognized at the time the service is performed.  USE OF ESTIMATES  The preparation of the Companys financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  Actual results could differ from these estimates.   FAIR VALUE OF FINANCIAL INSTRUMENTS  The Companys short-term financial instruments consist of cash and cash equivalents and accounts payable.  The carrying amounts of these financial instruments approximate fair value because of their short-term maturities.  Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash.  During the year the Company did not maintain cash deposits at financial institution in excess of the $100,000 limit covered by the Federal Deposit Insurance Corporation.  The Company does not hold or issue financial instruments for trading purposes nor does it hold or issue interest rate or leveraged derivative financial instruments.  EARNINGS PER SHARE  Basic Earnings per Share (EPS) is computed by dividing net income available to common stockholders by the weighted average number of common stock shares outstanding during the year.  Diluted EPS is computed by dividing net income available to common stockholders by the weighted-average number of common stock shares outstanding during the year plus potential dilutive instruments such as stock options and warrant.  The effect of stock options on diluted EPS is determined through the application of the treasury stock method, whereby proceeds received by the Company based on assumed exercises are hypothetically used to repurchase the Companys common stock at the average market price during the period.  Loss per share is unchanged on a diluted basis since the assumed exercise of common stock equivalents would have an anti-dilutive effect.  INCOME TAXES:  The Company uses the asset and liability method of accounting for income taxes. This method requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of certain assets and liabilities.  Deferred income tax assets and liabilities are computed annually for the difference between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.  Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.  Income tax expense is the tax payable or refundable for the period, plus or minus the change during the period in deferred tax assets and liabilities.  Deferred income taxes may arise from temporary differences resulting from income and expanse items reported for financial accounting and tax purposes in different periods.  Deferred taxes are classified as current or non-current, depending on the classification of the assets and liabilities to which they relate.  Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.  The Company had no significant deferred tax items arise during any of the periods presented.  CONCENTRATION OF CREDIT RISK:  The Company does not have any concentration of related financial credit risk.  RECENT ACCOUNTING PRONOUNCEMENTS:  The Company does not expect that the adoption of other recent accounting pronouncements will have a material impact to its financial statements.  NOTE 3  MINERAL CLAIMS  The Company entered into a mineral claims purchase agreement on April 25th, 2007, whereby the Company purchased certain mineral claims located in the Abrey Township, Northwestern Ontario, Thunder Bay Mining District.  These mineral claims were acquired from an individual for cash in the amount of $10,000 and the issuance of 6,000,000 shares of the Companys common stock valued at $ .003 per share for a total purchase price of $11,500.  After the acquisition of these mineral claims, management performed an impairment test to determine the carrying value of these claims.  Management determined that there was no reasonable method to value the claims and have impaired the cost of these claims and recorded the expense during the year ended June 30, 2007.  NOTE 4  COMMON STOCK  The Company issued 7,200,000 shares of its common stock in January 2000 in exchange for services rendered valued at $600.  The Company issued 6,000,000 shares of its common stock in November 2006 in exchange for services rendered valued at $500.  During the year ended June 30, 2007 the Company issued 42,000,000 shares of its common stock in exchange for cash.  The shares were valued at $.0008 per share for an aggregate value of $35,000.  The Company issued 6,000,000 shares of its common stock in April 2007 as a partial payment for the acquisition of mineral claims (see Note 3).  These shares were valued at $.00025 per share for an aggregate value of $1,500.  In January of 2008, the Company effected a three for one stock split of all of the outstanding shares of common stock on that date.  Immediately before the stock split, the Company had 20,400,000 shares of common stock outstanding and after the stock split, the Company had 61,200,000 shares of common stock outstanding.  This stock dividend has been retroactively reported in the shareholders equity as if the stock split had been effective at the inception of the Company.   NOTE 5  GOING CONCERN  The accompanying financial statements have been prepared assuming the Company will continue as a going concern.  As shown in the accompanying financial statements, the Company has no revenue and has incurred a net loss of $ 71,320  since inception.  The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its mineral properties.  Management has plans to seek additional capital through a private placement and public offering of its common stock.  The financial statements do not include any adjustments relating to the recoverability and classifications of recorded assets, or the amounts of and the classification of liabilities that might be necessary in the event the Company cannot continue in existence.  NOTE 7  SUBSEQUENT EVENTS  Management has evaluated subsequent events from the date of the end of the quarter on September 30, 2010 to November 11, 2010 which is the date that the financial statements were issued.   Item 6.  Exhibits and Reports on Form 8K   Exhibit  31.1  Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 and 906 of the Sarbanes-Oxley Act of 2003.  Exhibit 31.2 Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 and 906 of the Sarbanes-Oxley Act of 2003.  Exhibit 32.2  Certifications of CEO And CFO Pursuant To Section 906 Of The Sarbanes-Oxley Act   SIGNATURES  In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.   Dated November 18, 2010  /s/ James Watts James Watts, President, Secretary/Treasurer, Director and Principal Accounting Officer   3