UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-QSB (Mark One) SQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2008  £TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE EXCHANGE ACT For the transition period from ___________ to _____________ Commission file number 333- 149177 Laufer Bridge Enterprises, Inc.  (Exact name of small business issuer as specified in its charter)  Nevada04-3626788(State or other jurisdiction of incorporation or organization)(IRS Employer
Identification No.)  Richard Laufer
Laufer Bridge Enterprises, Inc.
313 South Central Avenue
Scarsdale, NY 10583
(Address of principal executive offices)  914-419-5586(Issuer's telephone number)  (Former name, former address and former fiscal year,
if changed since last report)  Check whether the registrant (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 S *   No £  State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practicable date: 10,000,000 shares of Common Stock, as of May 6, 2008.  Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act of 1934) (check one): Yes £    No S Transitional Small Business Disclosure Format (check one): Yes £    No S *Companys Registration Statement on Form S1 became effective on March 11, 2008.    LAUFER BRIDGE ENTERPRISES, INC.  Page
NumberPART 1 - Financial InformationItem 1 - Unaudited Financial Information:Balance Sheets as of March 31, 2008 (Unaudited) and September 30, 20073Statements of Operations for the Six Months Ended March 31, 2008 and 20074Statements of Operations for the Three Months Ended March 31, 2008 and 20075Statements of Cash Flows for the Six Months Ended March 31, 2008 and 20076Notes to Unaudited Financial Statements (Unaudited)7Item 2. - Managements Discussion and Analysis or Plan of Operation8Item 3.  Controls and Procedures12PART II. - Other Information (Items 1-6)13      LAUFER BRIDGE ENTERPRISES, INC. Balance Sheets   ASSETSMarch 31, 2008
(Unaudited)September 30,
2007CURRENT ASSETS:Cash$23,436$23,516Time deposits13,90419,530Total current assets37,34043,046OTHER ASSETS:Security deposits12,65012,650Goodwill55,00055,000Furniture and fixtures - net4,0502,597Total other assets71,70070,247TOTAL ASSETS$109,040$113,293LIABILITIES AND STOCKHOLDERS' EQUITYLiabilitiesAccrued expenses$5,225$2,573Total current liabilities5,2252,573Stockholders' Equity:Preferred stock: $0.001 par value; 1,000,000 shares authorized; no shares issued or outstanding--Common stock: $0.001 par value; 99,000,000 shares authorized; 10,230,000 and 9,530,000 shares issued and outstanding, respectively10,2309,530Additional paid-in capital91,910(9,530)Retained earnings1,675110,720Total stockholders equity103,815110,720TOTAL LIABILITIES AND STOCKHOLDERS EQUITY$109,040$113,293    See accompanying notes to the financial statements.  3


LAUFER BRIDGE ENTERPRISES, INC. Statements of Operations For the Six Months Ended March 31, 2008 and 2007 (Unaudited)   20082007Net revenues:Admission revenues$173,739$162,523Instruction and other11,60212,826Total185,341175,349Operating expensesRent55,39446,000Director/contractor/employee63,00241,384General and administrative74,55063,651Total192,946151,035Net income (loss)$(7,605)$24,314Pro Forma:Income  (loss)$(7,605)$24,314Pro forma income tax-3,647Pro forma net income (loss)$(7,605)$20,667Net income (loss) per common share - basic and diluted$(0.00)$0.00Weighted average number of common shares outstanding - basic and diluted9,839,3869,530,000    See accompanying notes to the financial statements.  4   LAUFER BRIDGE ENTERPRISES, INC.  Statements of Operations For the Three Months Ended March 31, 2008 and 2007 (Unaudited)  20082007Net revenues:Admission revenues$83,295$73,780Instruction and other5,6436,552Total88,93880,332Operating expensesRent15,70713,175Director/contractor/employee31,95616,825General and administrative39,60032,078Total87,26362,078Net income$1,675$18,254Pro Forma:Income$-$18,254Pro forma income tax-2,738Pro forma net income$-$15,516Net income per common share - basic and diluted$0.00$0.00Weighted average number of common shares outstanding - basic and diluted10,153,0779,530,000    See accompanying notes to the financial statements.  5   LAUFER BRIDGE ENTERPRISES, INC.   Statements of Cash Flows For the Six Months Ended March 31, 2008 and 2007 (Unaudited)  20082007CASH FLOWS FROM OPERATING ACTIVITIES:Net income (loss)$(7,605)$24,314Depreciation and amortization1852,000Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Change in operating assets3,936(3,209)Net Cash Provided by (Used in) Operating Activities(3,484)23,105CASH FROM INVESTING ACTIVITIES:Purchase of furniture and fixtures(2,922)-CASH FROM FINANCING ACTIVITIES:Repayment of loans-(8,131)Sale of common stock700-Net Cash Provided by (Used in) Financing Activities700(8,131)NET CHANGE IN CASH(5,706)14,974CASH AT BEGINNING OF PERIOD43,04618,578CASH AT END OF PERIOD$37,340$33,552   See accompanying notes to the financial statements.       6   LAUFER BRIDGE ENTERPRISES, INC.  Notes to the Financial Statements March 31, 2008 (Unaudited)  NOTE 1  BASIS OF PRESENTATION  The accompanying interim financial statements for the three and six-month periods ended March 31, 2008 and 2007 are unaudited and include all adjustments (consisting of normal recurring adjustments) considered necessary by management for a fair presentation. The results of operations realized during an interim period are not necessarily indicative of results to be expected for a full year. These financial statements should be read in conjunction with the information filed as part of the Companys Registration Statement on Form S-1, which was declared Effective on March 11, 2008.  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 as well as the reported amount of revenues and expenses during the reporting period. Actual results could differ from these estimates.  NOTE 2  STOCKHOLDERS EQUITY  In January 2008, the Company sold 700,000 shares of its common stock in a private placement at $.001 per share to 38 individuals. Of the 700,000 shares, 330,000 shares were sold to its outside counsel.  The Company had elected to be an S corporation from its inception until January 10, 2008. In accordance with Topic 4B of the Staff Accounting Bulletins issued by the Securities and Exchange Commission all of the Companys undistributed earnings and losses that occurred during the period in which it was an S corporation have been reclassified to additional paid-in capital.  Stock Option Plan  Pursuant to a January 10, 2008 Board of Directors approval and subsequent stockholder approval, the Company adopted its 2008 Non-Statutory Stock Option Plan (the Plan) whereby it reserved for issuance up to 1,500,000 shares of its common stock to directors, officers, employees, consultants and professionals. The purpose of the Plan is to provide recipients with additional incentives by increasing their ownership interest in the Company.   The Plan provides for the issuance of Non-Statutory Stock Options only, which are not intended to qualify as incentive stock options within the meaning of Section 422 of the Internal Revenue Code, as amended. The Plan expires in 2018.  No options have been issued or are outstanding under the Plan.         7   ITEM 2  MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATION  Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995  Information set forth herein contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believes," "expects," "may, should" or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. No assurance can be given that the future results covered by the forward-looking statements will be achieved. The Company cautions readers that important factors may affect the Companys actual results and could cause such results to differ materially from forward-looking statements made by or on behalf of the Company.  These factors include the Companys lack of historically profitable operations, dependence on key personnel, the success of the Companys business, ability to manage anticipated growth and other factors identified in the Company's filings with the Securities and Exchange Commission, press releases and/or other public communications.  Operations  A summary of our operations follows for the six months ended March 31, 2008 and 2007 follows:  20082007Net revenues:Admission revenues$173,739$162,523Instruction and other11,60212,826Total185,341175,349Operating expensesRent55,39446,000Director/contractor/employee63,00241,384General and administrative74,55063,651Total192,946151,035Net income (loss)$(7,605)$24,314   Revenues  increased slightly.     8   Operating expensesconsist of:  20082007Cleaning and maintenance$9,577$9,660Computer1,131486Director/contractor/employee63,00241,384Interest-767Insurance3,9884,566General office2,9631,643Rent55,39446,000Fees to American Contract Bridge League (ACBL)7,7056,882Supplies for players26,01724,350Marketing1,044870Utilities12,59310,568Other9,3471,859Depreciation and amortization1852,000Total$192,946$151,035  General  As a corporate policy,we will not incur any cash obligations that we cannot satisfy with known resources, of which there are currently none except as described in Liquidity below and/or elsewhere in this prospectus.  We believe that the perception that many people have of a public company make it more likely that they will accept restricted securities from a public company as consideration for indebtedness to them than they would from a private company.  We have not performed any studies of this matter.  Our conclusion is based on our own observations.  However, there can be no assurances that we will be successful in any of those efforts even if we are a public entity.  Additionally, issuance of restricted shares would necessarily dilute the percentage of ownership interest of our stockholders.  Liquidity  At March 31, 2008 we had cash balances of $37,340.  We have not undertaken any procedures or efforts to raise any debt or equity financing. Private capital, if sought, will be sought from former business associates of our founder or private investors referred to us by those business associates. If a market for our shares ever develops, of which there can be no assurances, we may use restricted shares of our common stock to compensate employees/consultants and independent contractors wherever possible.  We believe that operations are generating sufficient cash to continue operations for the next 12 months from the date of this quarterly report.  We have become a public company and, by doing so, have incurred and will continue to incur additional significant expenses for legal, accounting and related services. Once we become a public entity, subject to the reporting requirements of the Exchange Act of 1934, we will incur ongoing expenses associated with professional fees for accounting, legal and a host of other expenses for annual reports and proxy statements. We estimate that these costs will range up to $50,000 per year for the next few years and will be higher if our business volume and activity increases but lower during the first year of being public because our overall business volume will be lower, and we will not yet be subject to the requirements of Section 404 of the Sarbanes-Oxley Act of 2002. These obligations will reduce our ability and resources to fund other aspects of our business. We hope to be able to use our status as a public company to increase our ability to use noncash means of settling obligations and compensate independent contractors who provide professional services to us, although there can be no assurances that we will be successful in any of those efforts. We will reduce the compensation levels paid to our president if there is insufficient cash generated from operations to satisfy these costs.   9   In January 2008, we sold 700,000 shares of our common stock in a private placement at $.001 per share to 38 individuals. Of the 700,000 shares, 330,000 shares were sold to our counsel. The sale of such shares was not specifically or solely intended to raise financing since the funds raised were de minimis.  It was also intended to get relatives and business associates of management involved in our business.  Although these stockholders have no obligation to provide any services to us, management hopes that these new stockholders, their families, friends and/or business associates may provide us with valuable services such as recommending our services and providing us with business advice in any areas of expertise or knowledge that they may have that can be of value and assistance to us.  Off Balance Sheet Arrangements  We have no off balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K, obligations under any guarantee contracts or contingent obligations. We also have no other commitments, other than the costs of being a public company that will increase our operating costs or cash requirements in the future.  Recent Accounting Pronouncements  In June 2003, the United States Securities and Exchange Commission adopted final rules under Section 404 of the Sarbanes-Oxley Act of 2002), as amended by SEC Release No. 33-8889 on February 1, 2008.. Commencing with our annual report for the year ended September 30, 2009, we will be required to include a report of management on our internal control over financial reporting. The internal control report must include a statement.  § of managements responsibility for establishing and maintaining adequate internal control over our financial reporting; § of managements assessment of the effectiveness of our internal control over financial reporting as of year end; and § of the framework used by management to evaluate the effectiveness of our internal control over financial reporting.  Furthermore, in the following fiscal year, it is required to file the registered accounting firms attestation report separately on the Companys internal control over financial reporting on whether it believes that the Company has maintained, in all material respects, effective internal control over financial reporting. In September 2006, the Financial Accounting Standards Board (the FASB) issued Statement of Financial Accounting Standards No. 157, Fair Value Measurements ("FAS 157"). This Statement defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosure related to the use of fair value measures in financial statements. The Statement is to be effective for MDS financial statements issued in 2008; however, earlier application is encouraged. MDS is currently evaluating the timing of adoption and the impact that adoption might have on its financial position or results of operations.  In September 2006, the FASB issued Statement of Financial Accounting Standards No. 158,Employers Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of FASB Statements No 87, 88, 106 and 132(R) (SFAS No. 158).  SFAS No. 158 requires the recognition of the overfunded or underfunded status of a defined benefit postretirement plan as an asset or liability in the statement of financial position and the recognition of changes in that funded status in the year in which the changes occur through comprehensive income. SFAS No. 158 also requires the measurement of the funded status of a plan as of the date of the year-end statement of financial position. We do not anticipate that the adoption of this statement will have any effect on our financial condition and results of operations since we do not have any defined benefit or other postretirement plans.  10    On February 15, 2007, the FASB issued Statement of Financial Accounting Standards No. 159,The Fair Value Option for Financial Assets and Financial Liabilities: Including an amendment of FASB Statement No. 115 (SFAS No. 159). SFAS No. 159 permits all entities to elect to measure many financial instruments and certain other items at fair value with changes in fair value reported in earnings. SFAS No. 159 is effective as of the beginning of the first fiscal year that begins after November 15, 2007, with earlier adoption permitted. We do not anticipate that the adoption of this statement will have a material effect on our financial condition and results of operations.  In December 2007, the FASB issued FASB Statement No. 141 (Revised 2007)Business Combinations (SFAS No. 141(R)), which requires the Company to record fair value estimates of contingent consideration and certain other potential liabilities during the original purchase price allocation, expense acquisition costs as incurred and does not permit certain restructuring activities previously allowed under Emerging Issues Task Force Issue No. 95-3 to be recorded as a component of purchase accounting.  SFAS No. 141(R) applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008, except for the presentation and disclosure requirements, which shall be applied retrospectively for all periods presented. The Company will adopt this standard at the beginning of the Companys year ending December 31, 2008 for all prospective business acquisitions. The Company has not determined the effect that the adoption of SFAS No. 141(R) will have on the financial results of the Company.  In December 2007, the FASB issued FASB Statement No. 160Noncontrolling Interests in Consolidated Financial Statements - an amendment of ARB No. 51 (SFAS No. 160), which causes noncontrolling interests in subsidiaries to be included in the equity section of the balance sheet.  SFAS No. 160 applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008, except for the presentation and disclosure requirements, which shall be applied retrospectively for all periods presented.  The Company will adopt this standard at the beginning of the Companys year ending December 31, 2008 for all prospective business acquisitions.  The Company has not determined the effect that the adoption of SFAS No. 160 will have on the financial results of the Company.  The FASB, the Emerging Issues Task Force and the United States Securities and Exchange Commission have issued certain other accounting pronouncements and regulations as of March 31, 2008 that will become effective in subsequent periods; however, management does not believe that any of those pronouncements would have significantly affected our financial accounting measurements or disclosures had they been in effect during the three and six months ended March 31, 2008 and 2007, and it does not believe that any of those pronouncements will have a significant impact on our financial statements at the time they become effective.  Critical Accounting Policies  The preparation of financial statements and related notes requires us to make judgments, estimates, and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities.  An accounting policy is considered to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, and if different estimates that reasonably could have been used, or changes in the accounting estimates that are reasonably likely to occur periodically, could materially impact the financial statements.  Financial Reporting Release No. 60 requires all companies to include a discussion of critical accounting policies or methods used in the preparation of financial statements.  There are no critical policies or decisions that rely on judgments that are based on assumptions about matters that are highly uncertain at the time the estimate is made.  Note 2to the financial statements, included elsewhere in this prospectus, includes a summary of the significant accounting policies and methods used in the preparation of our financial statements.   11   Seasonality  We have not noted a significant seasonal impact in our business, although we generally draw fewer players during the winter because of occasional bad weather affects driving conditions and because some bridge players spend all or a portion of winter months in warm weather locations.   ITEM 3  CONTROLS AND PROCEDURES  We maintain disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)) that are designed to assure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commissions rules and forms, and that such information is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures.  As required by Exchange Act Rule 13a-15(b), as of the end of the period covered by this report, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, we evaluated the effectiveness of our disclosure controls and procedures. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of that date.  There was no change in our internal control over financial reporting during our most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.     12    PART IIOTHER INFORMATIONItem 1Legal ProceedingsNoneItem 2Unregistered Sale of Equity Securities and Use of ProceedsNoneItem 3Defaults Upon Senior SecuritiesNoneItem 4Submission of Matters to a Vote of ShareholdersNoneItem 5Other InformationNoneItem 6Exhibits   Exhibit NumberDescription31.1Section 302 Certification of Chief Executive31.2Section 302 Certification of Chief Financial Officer32.1Certification Pursuant To 18 U.S.C. Section 1350, As Adopted Pursuant To Section 906 Of The Sarbanes-Oxley Act Of 2002  Chief Executive Officer32.2Certification Pursuant To 18 U.S.C. Section 1350, As Adopted Pursuant To Section 906 Of The Sarbanes-Oxley Act Of 2002  Chief Financial Officer   Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.  LAUFER BRIDGE ENTERPRISES, Inc. (Registrant)    /s/ Richard Laufer Richard Laufer Title: President and Chief Executive Officer   May 15, 2008    13