UNITED
STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM
10-QSB



(X)	QUARTERLY REPORT UNDER
SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934

For
the quarterly period ended September 30, 2005

(   )	TRANSITION REPORT UNDER
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT

For
the transition period from ______________ to ______________

Commission
File Number 000-51225

TORA
TECHNOLOGIES INC.

(Name
of small business issuer in its charter)

|NEVADA(State
				of incorporation or organization) | 43-2041643(IRS
				Identification No.)
|-------------------------------------------------- | --------------------------------------

503-989
Richards StreetVancouver, British ColumbiaCanada, V6B
6R6(Address of principal executive offices)

(604)
306-2525(Issuer’s telephone number)

N/A(Issuer’s
former address)

Check
whether the issuer (1) 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.	Yes X	No

Indicate
by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).		Yes 	No
X

5,977,500
shares of issuer’s common stock, $0.001 par value, were
outstanding at October 24, 2005.  Issuer has no other class of common
equity.

Transitional
Small Business Disclosure Format (Check One)	Yes 	NoX

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PART
I.  FINANCIAL INFORMATION

Tora
Technologies Inc.(A Development Stage Company)

September
30, 2005

|                                      | Index
|------------------------------------- | -----
|Balance
				Sheets                    | F–1  
|Statements
				of Operations          | F–2  
|Statements
				of Cash Flows          | F–3  
|Notes
				to the Financial Statements | F–4  



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Tora
Technologies Inc.(A Development Stage Company)Balance
Sheets(Expressed in U.S. Dollars)

|                                                                                                              | September
					30,2005$ |  | December
					31,2004$
|------------------------------------------------------------------------------------------------------------- | ----------------------- |  | ----------------------
|                                                                                                              | (unaudited)             |  | (audited)             
|ASSETS                                                                                                        |                         |  |                       
|Current
					Assets                                                                                           |                         |  |                       
|Cash                                                                                                          | 36,948                  |  | 48,779                
|Prepaid
					expenses                                                                                         | 850                     |  | 1,250                 
|Total
					Current Assets                                                                                     | 37,798                  |  | 50,029                
|Service
					rights (Note 4)                                                                                  | 18,500                  |  | 23,000                
|Website
					development costs (Note 2(l))                                                                    | 3,404                   |  | 5,102                 
|Total
					Assets                                                                                             | 59,702                  |  | 78,131                
|                                                                                                              |                         |  |                       
|LIABILITIES
					AND STOCKHOLDERS’ EQUITY                                                                     |                         |  |                       
|Current
					Liabilities                                                                                      |                         |  |                       
|Accounts
					payable                                                                                         | 1,592                   |  | 2,998                 
|Accrued
					liabilities                                                                                      | 3,250                   |  | 4,500                 
|Total
					Liabilities                                                                                        | 4,842                   |  | 7,498                 
|Commitments
					and Contingencies (Notes 1 and 4)                                                            |                         |  |                       
|Stockholders’
					Equity                                                                                     |                         |  |                       
|Common
					Stock, 75,000,000 shares authorized, $0.001 par value5,977,500
					shares issued and outstanding | 5,977                   |  | 5,977                 
|Additional
					Paid in Capital                                                                               | 101,773                 |  | 101,773               
|Donated
					Capital (Note 3)                                                                                 | 33,125                  |  | 21,875                
|Deficit
					Accumulated During the Development Stage                                                         | (86,015)                |  | (58,992)              
|Total
					Stockholders’ Equity                                                                               | 54,860                  |  | 70,633                
|Total
					Liabilities and Stockholders’ Equity                                                               | 59,702                  |  | 78,131                



F-1
(The accompanying notes are an integral part of the financial statements)

---

Tora
Technologies Inc.(A Development Stage Company)Statement of
Operations(Expressed in U.S. Dollars)(Unaudited)

|                                            | AccumulatedFromJuly
					14, 2003(Date of Inception)to September 30,2005$ | Three
					MonthsEndedSeptember 30,2005$ | Three
					MonthsEndedSeptember 30,2004$ | Nine
					MonthsEndedSeptember 30,2005$ | Nine
					MonthsEndedSeptember 30,2004$
|------------------------------------------- | ------------------------------------------------------------------------- | ---------------------------------------- | ---------------------------------------- | --------------------------------------- | ---------------------------------------
|Sales                                       | 14,930                                                                    | 1,069                                    | 1,208                                    | 6,366                                   | 7,552                                  
|Cost
					of Goods Sold                     | 11,785                                                                    | 859                                      | 808                                      | 4,969                                   | 6,034                                  
|Gross
					Profit                           | 3,145                                                                     | 210                                      | 400                                      | 1,397                                   | 1,518                                  
|                                            |                                                                           |                                          |                                          |                                         |                                        
|Expenses                                    |                                                                           |                                          |                                          |                                         |                                        
|Amortization                                | 14,896                                                                    | 2,066                                    | 2,068                                    | 6,198                                   | 5,632                                  
|Donated
					rent  (Note 3)                 | 6,625                                                                     | 750                                      | 750                                      | 2,250                                   | 2,250                                  
|Donated
					services  (Note 3)             | 26,500                                                                    | 3,000                                    | 3,000                                    | 9,000                                   | 9,000                                  
|Foreign
					exchange                       | 16                                                                        | (12)                                     | (33)                                     | 33                                      | 39                                     
|General
					and administrative             | 4,269                                                                     | 249                                      | 323                                      | 1,465                                   | 1,953                                  
|Professional
					fees                      | 33,304                                                                    | 2,251                                    | 1,750                                    | 9,024                                   | 12,480                                 
|Website
					(Note 2(l))                    | 3,550                                                                     | 150                                      | 450                                      | 450                                     | 1,350                                  
|Total
					Expenses                         | 89,160                                                                    | 8,454                                    | 8,308                                    | 28,420                                  | 32,704                                 
|Net
					Loss for the Period                | (86,015)                                                                  | (8,244)                                  | (7,908)                                  | (27,023)                                | (31,186)                               
|                                            |                                                                           |                                          |                                          |                                         |                                        
|Net
					Loss Per Share – Basic and Diluted | −                                                                         | −                                        | −                                        | −                                      
|                                            |                                                                           |                                          |                                          |                                         |                                        
|Weighted
					Average Shares Outstanding    | 5,977,000                                                                 | 5,685,000                                | 5,977,000                                | 5,682,000                              



F-2
(The accompanying notes are an integral part of the financial statements)

---

Tora
Technologies Inc.(A Development Stage Company)Statement of
Cash Flows(Expressed in U.S. Dollars)(Unaudited)

|                                                            |  |  |  | Nine
					MonthsEndedSeptember 30,2005$ |  | Nine
					MonthsEndedSeptember 30,2004$
|----------------------------------------------------------- |  |  |  | --------------------------------------- |  | ---------------------------------------
|Operating
					Activities                                   |  |  |  |                                         |  |                                        
|Net
					loss for the period                                |  |  |  | (27,023)                                |  | (31,186)                               
|Adjustments
					to reconcile net loss to cash              |  |  |  |                                         |  |                                        
|Amortization                                                |  |  |  | 6,198                                   |  | 5,632                                  
|Donated
					services and rent                              |  |  |  | 11,250                                  |  | 11,250                                 
|Change
					in operating assets and liabilities             |  |  |  |                                         |  |                                        
|Decrease
					in prepaid expenses                           |  |  |  | 400                                     |  | 1,350                                  
|(Decrease)
					in accounts payable and accrued liabilities |  |  |  | (2,656)                                 |  | (676)                                  
|Net
					Cash Used in Operating Activities                  |  |  |  | (11,831)                                |  | (13,630)                               
|                                                            |  |  |  |                                         |  |                                        
|Financing
					Activities                                   |  |  |  |                                         |  |                                        
|Advances
					from related party                            |  |  |  | −                                       |  | 9,500                                  
|Net
					Cash Provided by Financing Activities              |  |  |  | −                                       |  | 9,500                                  
|                                                            |  |  |  |                                         |  |                                        
|Decrease
					in cash                                       |  |  |  | (11,831)                                |  | (4,130)                                
|Cash
					– beginning of period                             |  |  |  | 48,779                                  |  | 6,525                                  
|Cash
					– end of period                                   |  |  |  | 36,948                                  |  | 2,395                                  
|                                                            |  |  |  |                                         |  |                                        
|Non-Cash
					Financing Activities                          |  |  |  |                                         |  |                                        
|Common
					stock issued for settlement of debt             |  |  |  | −                                       |  | 9,500                                  
|                                                            |  |  |  |                                         |  |                                        
|Supplemental
					Disclosures                               |  |  |  |                                         |  |                                        
|Interest
					paid                                          |  |  |  | −                                       |  | −                                      
|Income
					tax paid                                        |  |  |  | −                                       |  | −                                      



F-3
(The accompanying notes are an integral part of the financial statements)

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Tora Technologies Inc.
(A Development Stage Company)
Notes the Financial Statements
September 30, 2005
(Expressed in U.S. Dollars)

1. Development
	Stage Company

Tora
Technologies Inc. (the “Company”) was incorporated in the
State of Nevada, U.S.A. on July 14, 2003 and is based in Vancouver,
B.C., Canada. The Company's principal business is the marketing of
custom embroidery products and services through the Internet.

The
Company is in the early development stage. In a development stage
company, management devotes most of its activities in developing a
market for its products and services. These financial statements have
been prepared on a going concern basis, which implies the Company
will continue to realize its assets and discharge its liabilities in
the normal course of business. The Company has never paid any
dividends and is unlikely to pay dividends or generate earnings in
the immediate or foreseeable future. The continuation of the Company
as a going concern and the ability of the Company to emerge from the
development stage with respect to any planned principal business
activity is dependent upon the continued financial support from its
shareholders, the ability of the Company to obtain necessary equity
financing to continue operations and the attainment of profitable
operations. There is no guarantee that the Company will be able to
raise any equity financing or sell any of its products and services
at a profit. As at September 30, 2005, the Company has working
capital of $32,956 and has accumulated losses of $86,015 since
inception. These financial statements do not include any adjustments
to the recoverability and classification of recorded asset amounts
and classification of liabilities that might be necessary should the
Company be unable to continue as a going concern. These factors raise
substantial doubt regarding the Company’s ability to continue
as a going concern.

On
November 12, 2004, the Company issued 250,000 shares of common stock
at a price of $0.20 per share for cash proceeds of $50,000.

The
Company filed an SB-2 Registration Statement with the United States
Securities and Exchange Commission that was declared effective on
March 29, 2005, to register 3,930,000 shares of common stock for
resale by existing shareholders of the Company.  The Company did not
receive any proceeds from the resale of shares of common stock by the
selling stockholders.

1. Summary
	of Significant Accounting Policies

1. Basis
	of Presentation

These
financial statements and related notes are presented in
accordance with accounting principles generally accepted in the
United States, and are expressed in US dollars. The
Company has not produced significant revenues from its principal
business and is a development stage company as defined by Statement
of Financial Accounting Standard (“SFAS”) No. 7
“Accounting and Reporting by Development Stage Enterprises”.
The Company’s fiscal year end is December 31.

1. Use
	of Estimates

The
preparation of financial statements in conformity with accounting
principles generally accepted in the United States requires
management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets
and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the periods. Actual
results could differ from those estimates.

1. Cash
	and Cash Equivalents

The
Company considers all highly liquid instruments with a maturity of
three months or less at the time of issuance to be cash equivalents.

1. Foreign
	Currency Translation

The
Company’s functional and reporting currency is the United
States dollar. Monetary assets and liabilities denominated in foreign
currencies are translated using the exchange rate prevailing at the
balance sheet date. Gains and losses arising on translation or
settlement of foreign currency denominated transactions or balances
are included in the determination of income. Foreign currency
transactions are primarily undertaken in Canadian dollars. The
Company has not, to the date of these financials statements, entered
into derivative instruments to offset the impact of foreign currency
fluctuations.

F-4

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Tora Technologies Inc.
(A Development Stage Company)
Notes the Financial Statements
September 30, 2005
(Expressed in U.S. Dollars)

1. Summary
	of Significant Accounting Policies (continued)

1. Stock-Based
	Compensation

The
Company records stock-based compensation in accordance with SFAS No.
123 “Accounting for Stock Based Compensation”. All
transactions in which goods or services are the consideration
received for the issuance of equity instruments are accounted for
based on the fair value of the consideration received or the fair
value of the equity instrument issued, whichever is more reliably
measurable. Equity instruments issued to employees and the cost of
the services received as consideration are measured and recognized
based on the fair value of the equity instruments issued. The Company
does not have a stock option plan and has not issued stock options
since its inception.

1. Basic
	and Diluted Net Income (Loss) Per Share

The
Company computes net income (loss) per share in accordance with SFAS
No. 128, "Earnings per Share" (SFAS 128) which
requires presentation of both basic and diluted earnings per share
(EPS) on the face of the income statement. Basic EPS is computed by
dividing net income (loss) available to common shareholders
(numerator) by the weighted average number of shares outstanding
(denominator) during the period. Diluted EPS gives effect to all
dilutive potential common shares outstanding during the period
including stock options, using the treasury stock method, and
convertible preferred stock, using the if-converted method. In
computing Diluted EPS, the average stock price for the period is used
in determining the number of shares assumed to be purchased from the
exercise of stock options or warrants. Diluted EPS excludes all
dilutive potential shares if their effect is anti dilutive.

1. Financial
	Instruments

Financial
instruments which include cash, prepaid expenses, accounts payable
and accrued liabilities were estimated to approximate their carrying
values due to the immediate or short-term maturity of these financial
instruments. The Company’s operations are in Canada which
results in exposure to market risks from changes in foreign currency
rates. The financial risk is the risk to the Company’s
operations that arise from fluctuations in foreign exchange rates and
the degree of volatility of these rates. Currently, the Company does
not use derivative instruments to reduce its exposure to foreign
currency risk.

1. Comprehensive
	Loss

SFAS
No. 130, “Reporting Comprehensive Income”,
establishes standards for the reporting and display of comprehensive
loss and its components in the financial statements. As of September
30, 2005, the Company has no items that represent comprehensive loss
and, therefore, has not included a schedule of comprehensive loss in
the financial statements.

1. Interim
	Financial Statements

These
interim unaudited financial statements have been prepared on the same
basis as the annual financial statements and in the opinion of
management, reflect all adjustments, which include only normal
recurring adjustments, necessary to present fairly the Company’s
financial position, results of operations and cash flows for the
periods shown. The results of operations for such periods are not
necessarily indicative of the results expected for a full year or for
any future period.

1. Revenue
	Recognition

The
Company recognizes revenue from the sale of embroidery products in
accordance with Securities and Exchange Commission Staff Accounting
Bulletin No. 104 (“SAB 104”), “Revenue
Recognition”. Revenue is recognized only when the price is
fixed or determinable, persuasive evidence of an arrangement exists,
the product is shipped, and collectibility is reasonably assured.

1. Concentrations

For
the nine-month period ending September 30, 2005, the Company
generated sales from three customers representing the following
percentage of sales: Customer A – 60% ($3,798); Customer B –
23% ($1,499); Customer C – 17% ($1,069). For the nine-month
period ending September 30, 2004, the Company generated sales from
four customers ranging from 12% to 45% of sales. The Company
purchases all of its products from one vendor, LA Embroidery Inc.
(Note 4).

F-5

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Tora Technologies Inc.
(A Development Stage Company)
Notes the Financial Statements
September 30, 2005
(Expressed in U.S. Dollars)

1. Summary
	of Significant Accounting Policies (continued)

1. Website
	Development Costs

The
Company recognizes the costs associated with developing a website in
accordance with the American Institute of Certified Public
Accountants (“AICPA”) Statement of Position (“SOP”)
No. 98-1, “Accounting for the Costs of Computer Software
Developed or Obtained for Internal Use” and the Emerging
Issues Task Force (EITF) No. 00-2, “Accounting for Website
Development Costs”.

Costs
associated with the website consist primarily of software purchased
and customized for internal use. These costs are capitalized and are
amortized based on their estimated useful life of three years. Costs
incurred to update graphics and enter initial product data are
expensed as incurred.

|                               | Cost$ | AccumulatedAmortization$ | September
					30,2005Net CarryingValue$ | December
					31,2004Net CarryingValue$
|------------------------------ | ----- | ------------------------ | ---------------------------------------- | ---------------------------------------
|                               |       |                          | (unaudited)                              | (audited)                              
|Website
					domain name       | 300   | 150                      | 150                                      | 225                                    
|Website
					development costs | 6,500 | 3,246                    | 3,254                                    | 4,877                                  
|                               | 6,800 | 3,396                    | 3,404                                    | 5,102                                  

1. Recent
	Accounting Pronouncements

In
May 2005, the Financial Accounting Standards Board (FASB) issued SFAS
No. 154, “Accounting Changes and Error Corrections – A
Replacement of APB Opinion No. 20 and SFAS No. 3”. SFAS 154
changes the requirements for the accounting for and reporting of a
change in accounting principle and applies to all voluntary changes
in accounting principle. It also applies to changes required by an
accounting pronouncement in the unusual instance that the
pronouncement does not include specific transition provisions. SFAS
154 requires retrospective application to prior periods’
financial statements of changes in accounting principle, unless it is
impracticable to determine either the period-specific effects or the
cumulative effect of the change. The provisions of SFAS No. 154 are
effective for accounting changes and correction of errors made in
fiscal years beginning after December 15, 2005. The adoption of this
standard is not expected to have a material effect on the Company’s
results of operations or financial position.

In
December 2004, the FASB issued SFAS No. 153, “Exchanges of
Nonmonetary Assets - An Amendment of APBOpinion No. 29”.
The guidance in APB Opinion No. 29, “Accounting for
Nonmonetary Transactions”, is based on the principle that
exchanges of nonmonetary assets should be measured based on the fair
value of the assets exchanged. The guidance in that Opinion, however,
included certain exceptions to that principle.  SFAS No. 153 amends
Opinion No. 29 to eliminate the exception for nonmonetary exchanges
of similar productive assets and replaces it with a general exception
for exchanges of nonmonetary assets that do not have commercial
substance. A nonmonetary exchange has commercial substance if the
future cash flows of the entity are expected to change significantly
as a result of the exchange.  The provisions of SFAS No. 153 are
effective for nonmonetary asset exchanges occurring in fiscal periods
beginning after June 15, 2005. Early application is permitted and
companies must apply the standard prospectively. The adoption of this
standard did not have a material effect on the Company’s
results of operations or financial position.

F-6

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Tora Technologies Inc.
(A Development Stage Company)
Notes the Financial Statements
September 30, 2005
(Expressed in U.S. Dollars)

1. Summary
	of Significant Accounting Policies (continued)

1. Recent
	Accounting Pronouncements (continued)

In
December 2004, the Financial Accounting Standards Board (FASB) issued
Statement of Financial Accounting Standard (SFAS) No. 123R, “Share
Based Payment”. SFAS 123R is a revision of SFAS No. 123
“Accounting for Stock-Based Compensation”, and supersedes
APB Opinion No. 25, “Accounting for Stock Issued to Employees”
and its related implementation guidance. SFAS 123R establishes
standards for the accounting for transactions in which an entity
exchanges its equity instruments for goods or services. It also
addresses transactions in which an entity incurs liabilities in
exchange for goods or services that are based on the fair value of
the entity’s equity instruments or that may be settled by the
issuance of those equity instruments. SFAS 123R focuses primarily on
accounting for transactions in which an entity obtains employee
services in share-based payment transactions.  SFAS 123R requires a
public entity to measure the cost of employee services received in
exchange for an award of equity instruments based on the grant-date
fair value of the award (with limited exceptions). That cost will be
recognized over the period during which an employee is required to
provide service in exchange for the award – the requisite
service period (usually the vesting period). SFAS 123R requires that
the compensation cost relating to share-based payment transactions be
recognized in financial statements. That cost will be measured based
on the fair value of the equity or liability instruments issued.
Public entities that file as small business issuers will be required
to apply SFAS 123R in the first interim or annual reporting period
that begins after December 15, 2005. The adoption of this standard is
not expected to have a material effect on the Company’s results
of operations or financial position.

In
March 2005, the SEC staff issued Staff Accounting Bulletin No. 107
(“SAB 107”) to give guidance on the implementation of
SFAS 123R. The Company will consider SAB 107 during implementation of
SFAS 123R.

1. Related
	Party Balances/Transactions

The
President of the Company provides management services and office
premises to the Company at no charge. These donated services are
valued at $1,000 per month and donated office premises are valued at
$250 per month. A total of $9,000 and $2,250, respectively, were
charged to operations and recorded as donated capital for the nine
month periods ended September 30, 2005 and 2004.

1. Service
	Rights

The
Company entered into a service agreement dated October 20, 2003, as
amended on November 15, 2004, with LA Embroidery Inc. (“LA”),
a company based in Vancouver, Canada, for the non-exclusive rights to
market LA’s custom embroidery services via the Internet for a
period up to December 31, 2008. The Company paid $5,000 and issued
250,000 shares of common stock at a price of $0.10 per share. Under
this amended agreement, the Company is committed to ordering a
minimum of $15,000 of LA’s products and services by December
31, 2005, a minimum of $25,000 by December 31, 2006, and a minimum of
$50,000 for each of the next two years ending December 31, 2007 and
2008.  The costs of acquiring the rights are being amortized on a
straight-line basis over the term of the agreement.

|                    | Cost
					$ | AccumulatedAmortization$ | September
					30,2005Net
					CarryingValue$ | December
					31,2004Net
					CarryingValue$
|------------------- | ----------- | ------------------------ | --------------------------------------------- | --------------------------------------------
|                    |             |                          | (unaudited)                                   | (audited)                                   
|Service
					Rights | 30,000      | 11,500                   | 18,500                                        | 23,000                                      



F-7

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Item
2.  Management's Discussion and Analysis.

Forward
Looking Statements

The
information in this quarterly report contains forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). These
forward-looking statements involve risks and uncertainties, including
statements regarding the Company's capital needs, business strategy
and expectations. Any statements contained herein that are not
statements of historical facts may be deemed to be forward-looking
statements. In some cases, you can identify forward-looking
statements by terminology such as “may”, “will”,
“should”, “expect”, “plan”,
“intend”, “anticipate”,
“believe”, “estimate”,
“predict”, “potential” or
“continue”, the negative of such terms or other
comparable terminology. Actual events or results may differ
materially. In evaluating these statements, you should consider
various factors, including the risks outlined from time to time, in
other reports we file with the Securities and Exchange Commission
(the “SEC”). These factors may cause our actual
results to differ materially from any forward-looking statement. We
disclaim any obligation to publicly update these statements, or
disclose any difference between its actual results and those
reflected in these statements. The information constitutes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995.

Overview

We
are a development stage company. Our principal business is the
marketing of custom embroidery products and services via the Internet
and our website is located at www.teamsportsembroidery.com.
The current status of our business is that we have not publicly
announced our website but we have commenced initial business through
the website and we are generating nominal initial sales.

Financial
Condition

As
of September 30, 2005 we had a cash balance of $36,948 and since
inception on July 14, 2003 we earned revenue of $14,930 and had an
accumulated deficit of $86,015. Our management believes that our
current cash will be sufficient to fully finance our operations at
current and planned levels through June 30, 2006.

Trends,
Events or Uncertainties Impacting Sales and Liquidity

Our
website went online in April 2004, and we have had eleven sales from
six different customers. We will need to increase the number of
visitors to our website in order to increase sales and it is
uncertain whether our planned advertising activities using Google
AdWords will increase the number of visitors and also increase the
number of sales. If we are unable to increase our sales this will
negatively effect our liquidity.

Internal
and External Sources of Liquidity

Our
internal sources of liquidity will be both sales we achieve through
our website and loans that may be available to us from our Directors.
In the past, our President has loaned us funds and converted these
loans to equity. Though we have no written arrangements with our
President we expect that he will provide us with internal sources of
liquidity if it is required.

If
required, our external sources of liquidity will be either private
placements for equity conducted outside the United States. We have
not completed any definitive arrangements for any external sources of
liquidity.

Material
Commitments for Capital Expenditures

Over
the next twelve months, we intend to purchase computer and peripheral
equipment if profit from our sales covers the entire cost of any
purchase that we plan. We are currently using computers and
peripheral equipment belonging to our President and Vice President.
If we are able to afford to buy computers and peripheral equipment
from our profits, we will be able to purchase these computers and
peripheral equipment from a large number of vendors. The peripheral
equipment that we believe would be useful for our business would be
hardware such as printers and routers.

---

Overview
of Anticipated Expenses

We
intend to continue to have our outside consultant assist in the
preparation of our quarterly and annual financial statements and have
these financial statements reviewed by our independent auditor. Our
outside consultant charges us approximately $1,000 to assist in the
preparation of our quarterly financial statements and approximately
$1,500 to assist in the preparation of our annual financial
statements. Our independent auditor charges us approximately $1,000
to review our quarterly financial statements and approximately $4,000
to audit our annual financial statements. Therefore, we have budgeted
$12,000 to cover our accounting and audit requirements for the next
twelve months.

We
became a reporting company on March 29, 2005 after our SB-2 was
declared effective by the SEC. This means that we  file documents
with US Securities and Exchange Commission on a quarterly basis. We
expect to incur legal and filing costs of approximately $1,000 per
quarter to support our quarterly and annual filings. Therefore, we
have budgeted $4,000 for legal and filing costs to account for three
quarterly filings and one annual filing during the next twelve
months.

During
the next fiscal year, we will hire one or two employees. Our
President and Vice President are currently handling all aspects of
our business including management, web development and order
handling. Any new employees would telecommute from their homes and
would be responsible for the following tasks:

- Confirmation
	of customer orders through our website and coordinating fulfillment
	of the orders through LA Embroidery.
- Handling
	customer service activities such as responding the customer emails
	and telephone calls.
- Updating
	of the website to add new products and maintain product descriptions
	and pricing.
- Verification
	of customer artwork that is uploaded with product orders.
- Maintain
	sales records.
- Manage
	and monitor our Google AdWords account.
- Manage
	and monitor our Paypal account.
- Monitor
	our bank account to verify Paypal funds are received.
- Handle
	customer issues and escalate as required to our President.

We
plan on paying any new employees between CDN $10 to CDN$15 per hour.
The appropriate date to hire new employees will be made when
management determines that the order flow through our website is
significant enough to support the hiring.

We
plan to expand our customer base primarily through the use of Google
AdWords. We have shifted our Ad Words advertising plan to begin on
January 1, 2006, we anticipate spending approximately $500 per month
on Google AdWords. We will decide on specific keywords and cost per
click rates that we are willing to pay. The AdWords system can be
operated so that we can monitor our advertising costs and click
through rates. We plan to use AdWords as our primary advertising
medium until we review its effectiveness.

Results
of Operations

Revenue

For
the three month period ended September 30, 2005, we recorded sales of
$1,069 compared with $1,208 for
the comparable period the previous year. The reason for
the drop in sales is that we currently have a small number of
customers and that any single order can cause our sales values to
vary significantly. Additionally, gross profit from sales for the
three month period ended September 30, 2005 was $210 compared with
$400 for
the comparable period the previous year.

For
the nine month period ended September 30, 2005, we recorded sales of
$6,366 compared with $7,552 for the comparable period the previous
year. Again, the reason for the drop in sales is that we currently
have a small number of customers and that any single order can cause
our sales values to vary significantly. Additionally, gross profit
from sales for the nine month period ended September 30, 2005 was
$1,397 compared with $1,518 for the comparable period the previous
year.

For
the period from inception on July 14, 2003, to September 30, 2005,
we recorded sales of $14,930. The gross profit from these sales was
$3,145.

---

Expenses

Expenses
for the three month period ended September 30, 2005, were $8,454
compared with $8,308 for the comparable period the previous year.
Professional fee expenses increased to $2,251 compared with $1,750
for the comparable period the previous year. General and
administrative expenses decreased to $249 compared with $323 for the
comparable period the previous year. Donated rent remained equal at
$750 the same as the comparable period the previous year . Donated
services remained equal at $3,000 the same as the comparable period
the previous year. Website development expenses decreased to $150
compared with $450 for the comparable period the previous year.
Amortization expenses decreased to $2,066 compared with $2,068 for
the comparable period the previous year. Finally, foreign exchange
decreased to a gain of $12 compared with a gain of $33 for the
comparable period the previous year.

Expenses
for the nine month period ended September 30, 2005, were $28,420
compared with $32,704 for the comparable period the previous year.
Professional fee expenses decreased to $9,024 compared with $12,480
for the comparable period the previous year primarily because of
reduced professional fees due to completion of our SB-2 filing.
General and administrative expenses decreased to $1,465 compared with
$1,953 for the comparable period the previous year. Donated rent
remained equal at $2,250 the same as the comparable period the
previous year . Donated services remained equal at $9,000 the same as
the comparable period the previous year. Website development expenses
decreased to $450 compared with $1,350 for the comparable period the
previous year primarily because we have completed development of our
website. Amortization expenses increased to $6,198 compared with
$5,632 for the comparable period the previous year. Finally, foreign
exchange expense decreased to a $33 compared with $39 for the
comparable period the previous year.

Expenses
for the period from inception on July 14, 2003, to September 30,
2005, were $89,160. For this period we expensed $33,304 on
professional fees. Our President has provided us with donated
services, which has been expensed at $26,500 and donated rent which
has been expensed at $6,625. We had general and administrative
expenses of $4,269 and website development expenses of $3,550. We had
amortization expenses of $14,896 and foreign currency expenses of
$16.

Liquidity
and Capital Resources

We
had working capital of $32,956 as of September 30, 2005, compared
with $42,531 as of December 31, 2004.

For
the nine month period ended September 30, 2005, net cash used in
operating activities decreased to $11,831 compared with $13,630 for
the comparable period the previous year. Net cash provided by
financing activities decreased to nil compared with $9,500 for the
comparable period the previous year.

Our
management believes that our current cash will be sufficient to fully
finance our operations at current and planned levels through June 30,
2006. Our management intends to manage our expenses and payments to
preserve cash until we are profitable or additional financing must be
arranged. Specifically such cash management actions include donation
of rent and services by our Directors and Officers. Our Vice
President will donate Internet web hosting to us until December 31,
2006 at a hosting facility operated by Aacom
Communications Corp a company which is owned and operated by our Vice
President.
Additionally, our Vice President will maintain the website and add
new products to it free of charge to us until December 31, 2006. This
donation arrangement is valid with our Vice President unless we make
a significant change to our business which causes our Vice President
to incur substantial costs.

We
cannot be certain that any required additional financing will be
available on terms favorable to us. If additional funds are raised by
the issuance of our equity securities, such as through the issuance
of stock, then existing shareholders will experience dilution of
their ownership interest. If additional funds are raised by the
issuance of debt or other equity instruments, we may become subject
to certain operational limitations, and issuance of such securities
may have rights senior to those of the then existing holders of our
common stock. If adequate funds are not available or not available on
acceptable terms, we may not be unable to fund expansion.

Risks and Uncertainties

The
known risks and uncertainties to our business includes the following
factors:

We
are a new business with a limited operating history and limited
revenues as of September 30, 2005 and are not likely to succeed
unless we can overcome the many obstacles we face. If we fail to
overcome these obstacles you may loose your entire investment.

We
are a development-stage company with limited prior business
operations and limited revenues. We commenced our operations on July
14, 2003. We are presently engaged in the marketing of custom
embroidery products and services via the Internet. Unless we are able
to secure adequate funding, we may not be able to successfully
continue development and market our products and services and our
business will most likely fail. Because of our limited operating
history, you may



not have adequate information on which you can base
an evaluation of our business and prospects. To date, we have done
the following:

- Completed
	organizational activities;
- Developed
	a business plan;
- Obtained
	interim funding;
- Engaged
	consultants for professional services and software development;
- Executed
	a service agreement with an embroidery supplier; and
- Developed
	an Internet website.

In
order to establish ourselves as an custom embroidery products and
services company, we are dependent upon continued funding and the
successful development and marketing of our products and services.
Failure to obtain funding for continued development and marketing
would result in us having difficulty growing our revenue or achieving
profitability. You should be aware of the increased risks,
uncertainties, difficulties and expenses we face as a development
stage company and our business may fail and you may loose your entire
investment.

We
have a history of losses and an accumulated deficit and we expect
future losses that may cause our stock value to decline and result in
you losing a portion or all of your investment.

Since
our inception on July 14, 2003, to September 30, 2005, we have
incurred net losses of $86,015. We expect to lose more money as we
spend additional capital to continue development and market our
products and services, and establish our infrastructure and
organization to support anticipated operations. We cannot be certain
whether we will ever earn a significant amount of revenues or profit,
or, if we do, that we will be able to continue earning such revenues
or profit. Also, any economic weakness may limit our ability to
continue development and ultimately market our products and services.
Any of these factors could cause our stock price to decline and
result in you losing a portion or all of your investment.

We
could become non-operational if we are unable to retain our Directors
and Officers.

We
have no formal employment agreements with our Directors and Officers
and their departure would result in us being non-operational. We
believe that our future success will depend on the abilities and
continued service of our Directors and Officers involved in the
continued development and marketing of our products and services. We
are materially dependent on our financial consultant. If we are
unable to retain the services of this consultant, or if we are unable
to attract a qualified employee or financial consultant, we may be
unable to prepare financial statements, which could cause our
business to fail.

We
may not be able to generate revenue as we are currently dependent on
a single embroidery supplier.

We
have a service agreement with an embroidery company called LA
Embroidery Inc. We do not have an agreement with any other embroidery
companies and loss of LA Embroidery as our embroidery supplier would
leave us without the ability to provide our products and services.
Loss of LA Embroidery as a supplier would prevent us from fulfilling
orders and thus generating revenue.

We
may experience reduced profitability if we are unable to satisfy the
terms our service agreement with LA Embroidery Inc.

We
have a service agreement with an embroidery company called LA
Embroidery Inc. LA Embroidery will provide us with wholesale pricing
if we achieve certain minimum annual order amounts. If we do not meet
these minimum order amounts, LA Embroidery is not contractually
obliged to provide us with favorable wholesale pricing. If we do not
receive favorable wholesale pricing our cost of sales will rise and
this will reduce our profitability.

We
may not be able to achieve profitability or continue to grow our
revenue and this may cause our stock value to decline.

We
launched our Internet website in April 2004, and we have earned
$14,930 in revenue since inception on July 14, 2003. We have yet to
achieve any level of profitability. If we are unable to get our
revenue to exceed our costs, we will continue to experience negative
cash flow and net losses. If we are unable to grow our customer base,
we expect revenue growth to be difficult. Failure to reduce losses or
to grow our revenues could result in the decline of our stock value.

Because
of the decline in the value of the US dollar, we may experience
losses due to foreign exchange translations.

We
hold a significant portion of our cash reserves in US dollars and a
portion of our expenses are due in Canadian dollars. Due to foreign
exchange rate fluctuations, the value of these Canadian dollar
expenses can result in both translation gains or losses in US dollar
terms. If there was to be a significant decline in the US dollar
versus the Canadian Dollar our Canadian



dollar expenses would
increase. We have not entered into derivative instruments to offset
the impact of foreign exchange fluctuations. Such foreign exchange
fluctuations could cause us to experience losses.

We
may not be able to compete effectively against our competitors and
this may cause our stock value to decline.

Our
future success depends on our ability to compete effectively with
other suppliers of custom embroidery products and services. We are a
development stage company and launched our website atwww.teamsportsembroidery.comin April 2004. We may have difficulty competing with established
custom embroidery companies on the Internet. Some of our potential
competitors are well established and have larger customer bases and
better name recognition. If we do not compete effectively with
current and future competitors we may not generate enough revenue to
be profitable. Any of these factors could cause our stock price to
decline and result in you losing a portion or all of your investment.

We
will require additional capital and financing to continue our
business and failure to obtain capital would cause our business to
fail.

The
accompanying financial statements have been prepared assuming that we
will continue as a going concern. As discussed in Note 1 of our
September 30, 2005, financial statements, we are in the development
stage of operations, have had losses from operations since inception,
nominal revenues and insufficient working capital available to meet
ongoing financial obligations over the next fiscal year. Our Auditor
has raised “substantial doubt regarding the Company's ability
to continue as a going concern”, or in other words remain in
business. We will require additional capital and financing in order
to continue otherwise our business will fail. We have made no
definitive arrangements for any additional capital or financing.

---

Item 3.  Controls and
Procedures.

1. Evaluation of Disclosure of
	Controls and Procedures.

	Our
	Principal Executive Officer and Principal Financial Officer have,
	within 90 days of the filing date of this report, evaluated the
	Company’s internal controls and procedures designed to ensure
	that information required to be disclosed in reports under the
	Securities Exchange Act of 1934 is recorded, processed, summarized
	and reported within specified time periods. After such review, our
	Principal Executive Officer and Principal Financial Officer have
	concluded that said information was accumulated and communicated to
	management as appropriate to allow timely decisions regarding
	required disclosure.

1. Changes in Internal Controls

	There
	were no significant changes in the Company’s internal controls
	or in other factors that could significantly affect these controls
	subsequent to the evaluation referred to in paragraph (a) above.

---

PART
II - OTHER INFORMATION

Item
1.  Legal Proceedings.

The
Company currently is not a party to any legal proceedings and, to the
Company’s knowledge, no such proceedings are threatened or
contemplated.

Item
2.  Changes in Securities.

None.

Item
3.  Default Upon Senior Securities.

None.

Item
4.  Submission of Matters to a Vote of Security Holders.

None.

Item
5.  Other Information.

None.

Item
6.  Exhibits and Reports on Form 8-K.

1. Exhibits

	Exhibit
					Number
				Description
					of Exhibit31.1
				Certification
					of Principal Executive Officer and Principal Financial Officer
					pursuant to 18 U.S.C.§ 1350, as adopted pursuant to §
					302 of the Sarbanes-Oxley Act of 2002.32.1
				Certification
					of Principal Executive Officer and Principal Financial Officer
					pursuant to 18 U.S.C. § 1350, as adopted pursuant to §
					906 of the Sarbanes-Oxley Act of 2002.

1. Reports
	on Form 8-K

	None.

---

SIGNATURES

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

TORA
TECHNOLOGIES INC.(Registrant)

Date:
October 24, 2005

By:
 /s/ Ralph Biggar

Ralph
BiggarPrincipal Executive OfficerPrincipal Financial Officer
and Director

---

EXHIBIT 31.1CERTIFICATION

I,
Ralph Biggar, certify that:

1. I
	have reviewed this Quarterly Report on Form 10-Q of Tora
	Technologies Inc.
2. Based
	on my knowledge, this report does not contain any untrue statement
	of a material fact or omit to state a material fact necessary to
	make the statements made, in light of the circumstances under which
	such statements were made, not misleading with respect to the
	period covered by this report;
3. Based
	on my knowledge, the financial statements and other financial
	information included in this report, fairly present in all material
	respects the financial condition, results of operations and cash
	flows of the small business issuer as of, and for, the periods
	presented in this report;
4. I
	am responsible for establishing and maintaining disclosure controls
	and procedures (as defined in Exchange Act Rules 13a-15(e) and
	15d-15(e)) and internal control over financial reporting (as
	defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
	small business issuer and I have:

1. Designed
		such disclosure controls and procedures, or caused such disclosure
		controls and procedures to be designed under my supervision, to
		ensure that material information relating to the small business
		issuer is made known to me, particularly during the period in which
		this quarterly report is being prepared;
2. Designed
		such internal control over financial reporting, or caused such
		internal control over financial reporting to be designed under my
		supervision, to provide reasonable assurance regarding the
		reliability of financial reporting and the preparation of financial
		statements for external purposes in accordance with generally
		accepted accounting principles
3. Evaluated
		the effectiveness of the small business issuer's disclosure
		controls and procedures and presented in this report our
		conclusions about the effectiveness of the disclosure controls and
		procedures, as of the end of the period covered by this report
		based on such evaluation; and
4. Disclosed
		in this report any change in the small business issuer's internal
		control over financial reporting that occurred during the small
		business issuer's most recent fiscal quarter (the small business
		issuer's second fiscal quarter in the case of this annual report)
		that has materially affected, or is reasonably likely to materially
		affect, the small business issuer's internal control over financial
		reporting; and

1. I
	have disclosed, based on my most recent evaluation of internal
	control over financial reporting, to the small business issuer's
	auditors and the audit committee of the small business issuer's
	board of directors (or persons performing the equivalent function):

1. All
	significant deficiencies and material weaknesses in the design or
	operation of internal controls over financial reporting which are
	reasonably likely to adversely affect the small business issuer's
	ability to record, process, summarize and report financial
	information; and
2. Any
	fraud, whether or not material, that involves management or other
	employees who have a significant role in the small business issuer's
	internal controls over financial reporting.

By:
 /s/ Ralph Biggar

Ralph
BiggarPrincipal Executive Officer and Principal Financial Officer

Date:
October 24, 2005

---

EXHIBIT 32.1

PURSUANT
TO 18 U.S.C. SECTION 1350(SECTION 906 OF THE SARBANES-OXLEY ACT
OF 2002)

In
connection with the Quarterly Report of Tora Technologies Inc. (the
“Company”) on Form 10-QSB for the period ending September 30,
2005 as filed with the Securities and Exchange Commission on the date
hereof (the “Report”), I, Ralph Biggar, Principal
Executive Officer and Principal Financial Officer of the Company,
certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to §
906 of the Sarbanes-Oxley Act of 2002, that to the best of my
knowledge:

1. The
	Report fully complies with the requirements of Section 13(a) or
	15(d) of the Securities Exchange Act of 1934, as amended; and
2. The
	information contained in the Report fairly presents, in all material
	respects, the financial condition and results of operations of the
	Company.

By:
 /s/ Ralph Biggar

Ralph
BiggarPrincipal Executive Officer and Principal Financial Officer

Date:
October 24, 2005