**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-Q**

*(Mark      One)*

| x      | QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|--------|--------------------------------------------------------------------------------------------------------------------------------------|
|   |

**June      30, 2008**

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

**333-149850**

**EASTERN      RESOURCES, INC.**

| **Delaware**                                                  |   | **45-0582098**                                      |
|---------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation) |   | (I.R.S.                Employer Identification No.) |

**4      Park Avenue, Suite 16K**

**New      York, NY 10016**

**(917)      687-6623**

|                                          |   |                               |   |                                                                       |   |                                            |
|-----------------------------------------------|--------|------------------------------------|--------|----------------------------------------------------------------------------|--------|-------------------------------------------------|
| Large accelerated filer  ̈ |   | Accelerated filer  ̈ |   | Non-accelerated filer  ̈                                     |   | Smaller reporting company þ |
|                                     |   |                               |   | (Do not check if a smallerReporting company) |   |                                            |

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**PART      I – FINANCIAL INFORMATION**

**ITEM      1. FINANCIAL STATEMENTS**

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**EASTERN      RESOURCES, INC. AND SUBSIDIARY**

**(A      Development Stage Company)**

**CONSOLIDATED      BALANCE SHEETS**

|                                                                                                                                                                                                                                           |   | June 30, 2008 |      | December 31, 2007 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|-----------|-----------------------------|--------|
|                                                                                                                                                                                                                                           |   | (Unaudited)             |      |                        |   |
| **ASSETS**                                                                                                                                                                                                                                     |   |                    |      |                        |   |   |   |
|                                                                                                                                                                                                                                           |   |                    |      |                        |   |   |   |
| CURRENT                ASSETS-Cash                                                                                                                                                                                                             |   | $                       | 49,161    |                        | $      | 75,768 |   |
| OTHER                ASSETS-Film Costs                                                                                                                                                                                                         |   |                    | 1,271,612 |                        |   | 1,216,908 |   |
|                                                                                                                                                                                                                                           |   |                    |      |                        |   |   |   |
| **TOTAL                ASSETS**                                                                                                                                                                                                                |   | $                       | 1,320,773 |                        | $      | 1,292,676 |   |
|                                                                                                                                                                                                                                           |   |                    |      |                        |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY**                                                                                                                                                                                        |   |                    |      |                        |   |   |   |
|                                                                                                                                                                                                                                           |   |                    |      |                        |   |   |   |
| **CURRENT                LIABILITIES:**                                                                                                                                                                                                        |   |                    |      |                        |   |   |   |
| Accounts                payable and accrued expenses                                                                                                                                                                                           |   | $                       | 8,600     |                        | $      | 9,100 |   |
| Loan                payable-shareholder                                                                                                                                                                                                        |   |                    | 40,000    |                        |   | 40,000 |   |
| Compensation                payable                                                                                                                                                                                                            |   |                    | 355,462   |                        |   | 355,462 |   |
| **TOTAL                CURRENT LIABILITIES**                                                                                                                                                                                                   |   |                    | 404,062   |                        |   | 404,562 |   |
|                                                                                                                                                                                                                                           |   |                    |      |                        |   |   |   |
| **NOTES                PAYABLE**                                                                                                                                                                                                               |   |                    | 198,533   |                        |   | 189,085 |   |
|                                                                                                                                                                                                                                           |   |                    |      |                        |   |   |   |
| **STOCKHOLDERS'                EQUITY:**                                                                                                                                                                                                       |   |                    |      |                        |   |   |   |
| Preferred                Stock, $.001 par value, 10,000,000 shares authorized; none                issued                                                                                                                                      |   |                    |      |                        |   |   |   |
| Common                Stock, $.001 par value, 300,000,000 shares authorized; 20,629,000                and                20,029,000 issued and outstanding at June 30, 2008 and December 31,                2007,                respectively |   |                    | 20,629    |                        |   | 20,029 |   |
| Additional                paid in capital                                                                                                                                                                                                      |   |                    | 903,771   |                        |   | 844,371 |   |
| Deficit                accumulated in the development stage                                                                                                                                                                                    |   |                    | (194,722  | )                           |   | (153,871 | ) |
| Subscriptions                receivable                                                                                                                                                                                                        |   |                    | (11,500   | )                           |   | (11,500 | ) |
| **TOTAL                STOCKHOLDERS' EQUITY**                                                                                                                                                                                                  |   |                    | 718,178   |                        |   | 699,029 |   |
|                                                                                                                                                                                                                                           |   |                    |      |                        |   |   |   |
| **TOTAL                    LIABILITIES AND STOCKHOLDERS' EQUITY**                                                                                                                                                                              |   | $                       | 1,320,773 |                        | $      | 1,292,676 |   |

**See      notes to unaudited consolidated financial statements.**

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**EASTERN      RESOURCES, INC. AND SUBSIDIARY**

**(A      Development Stage Company)**

**CONSOLIDATED      STATEMENTS OF OPERATIONS**

|                                                                |   |                    |       |                    |   |                    |   | March 15, 2007 |       | March 15, 2007 |   |
|---------------------------------------------------------------------|--------|-------------------------|------------|-------------------------|--------|-------------------------|--------|--------------------------|------------|--------------------------|--------|
|                                                                |   | Three Months       |       | Three Months       |   | Six Months         |   | (Inception)              |       | (Inception)              |   |
|                                                                |   | Ending                  |       | Ending                  |   | Ending                  |   | to                       |       | to                       |   |
|                                                                |   | June 30, 2008 |       | June 30, 2007 |   | June 30, 2008 |   | June 30, 2007  |       | June 30, 2008  |   |
|                                                                |   | (Unaudited)             |       | (Unaudited)             |   | (Unaudited)             |   | (Unaudited)              |       | (Unaudited)              |   |
| **REVENUES**                                                        |   | $                       | -          |                    | $      | -                       |   | $                        | -          |                     | $      | - |   | $ | - |   |
|                                                                |   |                    |       |                    |   |                    |   |                     |       |                     |   |   |   |   |   |   |
| **COSTS                AND EXPENSES:**                              |   |                    |       |                    |   |                    |   |                     |       |                     |   |   |   |   |   |   |
| General                and administrative                           |   |                    | 15,758     |                    |   | 13,921                  |   |                     | 43,093     |                     |   | 13,921 |   |   | 198,657 |   |
| **TOTAL                COSTS AND EXPENSES**                         |   |                    | 15,758     |                    |   | 13,921                  |   |                     | 43,093     |                     |   | 13,921 |   |   | 198,657 |   |
|                                                                |   |                    |       |                    |   |                    |   |                     |       |                     |   |   |   |   |   |   |
| **LOSS                BEFORE OTHER INCOME**                         |   |                    | (15,758    | )                       |   | (13,921                 | )      |                     | (43,093    | )                        |   | (13,921 | ) |   | (198,657 | ) |
|                                                                |   |                    |       |                    |   |                    |   |                     |       |                     |   |   |   |   |   |   |
| Interest                Income                                      |   |                    | -          |                    |   | 57                      |   |                     | 2,242      |                     |   | 65 |   |   | 3,935 |   |
|                                                                |   |                    |       |                    |   |                    |   |                     |       |                     |   |   |   |   |   |   |
| **NET                LOSS**                                         |   | $                       | (15,758    | )                       | $      | (13,864                 | )      | $                        | (40,851    | )                        | $      | (13,856 | ) | $ | (194,722 | ) |
|                                                                |   |                    |       |                    |   |                    |   |                     |       |                     |   |   |   |   |   |   |
| Basic                earnings per share                             |   | $                       | (0.00      | )                       | $      | (0.01                   | )      | $                        | (0.00      | )                        | $      | (0.01 | ) |   |   |   |
|                                                                |   |                    |       |                    |   |                    |   |                     |       |                     |   |   |   |   |   |   |
| Weighted                average number of common shares outstanding |   |                    | 20,200,429 |                    |   | 2,012,722               |   |                     | 20,118,010 |                     |   | 2,012,722 |   |   |   |   |

**See      notes to unaudited consolidated financial      statements.**

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**EASTERN      RESOURCES, INC. AND SUBSIDIARY**

**(A      Development Stage Company)**

**CONSOLIDATED      STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY**

|                                                              |   |  Commonstock(Shares) |       | Commonstock(Amount) |   | AdditionalPaid-inCapital |   | DeficitAccumulatedDuringDevelopmentStage |    | StockSubscriptionReceivable |   | TotalStockholders’Equity |   |
|-------------------------------------------------------------------|--------|---------------------------|------------|---------------------|--------|--------------------------|--------|------------------------------------------|---------|-----------------------------|--------|--------------------------------|--------|
| Balance, March 15, 2007                (Inception) |   |                      | -          |                | $      | -                        |   | $                                        | -       |                        | $      | -                              |   | $ | - |   | $ | - |   |
|                                                              |   |                      |       |                |   |                     |   |                                     |    |                        |   |                           |   |   |   |   |   |   |   |
| Stock                issued to founders at par                    |   |                      | 11,500,000 |                |   | 11,500                   |   |                                     | -       |                        |   | -                              |   |   | (11,500 | ) |   | - |   |
| Stock                issued for cash at $.10 per share            |   |                      | 8,529,000  |                |   | 8,529                    |   |                                     | 844,371 |                        |   | -                              |   |   | - |   |   | 852,900 |   |
| Net                loss                                           |   |                      | -          |                |   | -                        |   |                                     | -       |                        |   | (153,871                       | )      |   | - |   |   | (153,871 | ) |
|                                                              |   |                      |       |                |   |                     |   |                                     |    |                        |   |                           |   |   |   |   |   |   |   |
| Balance,                Dec. 31, 2007 (Audited)                   |   |                      | 20,029,000 |                |   | 20,029                   |   |                                     | 844,371 |                        |   | (153,871                       | )      |   | (11,500 | ) |   | 699,029 |   |
|                                                              |   |                      |       |                |   |                     |   |                                     |    |                        |   |                           |   |   |   |   |   |   |   |
| Stock                issued for cash at $.10 per share            |   |                      | 600,000    |                |   | 600                      |   |                                     | 59,400  |                        |   | -                              |   |   | - |   |   | 60,000 |   |
| Net                loss                                           |   |                      | -          |                |   | -                        |   |                                     | -       |                        |   | (40,851                        | )      |   | - |   |   | (40,851 | ) |
|                                                              |   |                      |       |                |   |                     |   |                                     |    |                        |   |                           |   |   |   |   |   |   |   |
| Balance,                June 30, 2008 (Unaudited)                 |   |                      | 20,629,000 |                | $      | 20,629                   |   | $                                        | 903,771 |                        | $      | (194,722                       | )      | $ | (11,500 | ) | $ | 718,178 |   |

**See      notes to unaudited consolidated financial      statements.**

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**EASTERN      RESOURCES, INC. AND SUBSIDIARY**

**(A      Development Stage Company)**

**CONSOLIDATED      STATEMENTS OF CASH FLOWS**

|                                                                                                      |   |                    |    | Inception                  |   |
|-----------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|----------------------------|--------|
|                                                                                                      |   | Six Months         |    | (March 15, 2007) |   |
|                                                                                                      |   | Ending                  |    | to                         |   |
|                                                                                                      |   | June 30, 2008 |    | June 30, 2008    |   |
|                                                                                                      |   | (Unaudited)             |    | (Unaudited)                |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                                                      |   |                    |    |                       |   |   |   |
| Net                loss                                                                                   |   | $                       | (40,851 | )                          | $      | (189,883 | ) |
| Adjustments                to reconcile net loss to net cash used in operating                activities: |   |                    |    |                       |   | (242 | ) |
| Increase                in film costs                                                                     |   |                    | (54,704 | )                          |   | (1,271,612 | ) |
| Increase                in capitalized interest                                                           |   |                    | 4,609   |                       |   | 33,936 |   |
| Decrease                in accounts payable and accrued expenses                                          |   |                    | (500    | )                          |   | 8,600 |   |
| Increase                in compensation payable                                                           |   |                    | -       |                       |   | 355,462 |   |
| NET                CASH USED IN OPERATING ACTIVITIES                                                      |   |                    | (91,446 | )                          |   | (1,063,739 | ) |
|                                                                                                      |   |                    |    |                       |   |   |   |
| CASH                FLOW FROM FINANCING ACTIVITIES:                                                       |   |                    |    |                       |   |   |   |
| Proceeds                from loans payable                                                                |   |                    | -       |                       |   | 160,000 |   |
| Proceeds                from loan payable-shareholder                                                     |   |                    | -       |                       |   | 100,000 |   |
| Repayment                of shareholder loan                                                              |   |                    | -       |                       |   | (60,000 | ) |
| Increase                in note payable accrued interest                                                  |   |                    | 4,839   |                       |   | - |   |
| Proceeds                from issuance of common stock                                                     |   |                    | 60,000  |                       |   | 912,900 |   |
| NET                CASH PROVIDED BY FINANCING ACTIVITIES                                                  |   |                    | 64,839  |                       |   | 1,112,900 |   |
|                                                                                                      |   |                    |    |                       |   |   |   |
| INCREASE                (DECREASE) IN CASH                                                                |   |                    | (26,607 | )                          |   | 49,161 |   |
|                                                                                                      |   |                    |    |                       |   |   |   |
| CASH-BEGINNING                OF PERIOD                                                                   |   |                    | 75,768  |                       |   | - |   |
| CASH-END                OF PERIOD                                                                         |   | $                       | 49,161  |                       | $      | 49,161 |   |
|                                                                                                      |   |                    |    |                       |   |   |   |
| CASH                PAID FOR:                                                                             |   |                    |    |                       |   |   |   |
| Interest                                                                                                  |   | $                       | -       |                       | $      | - |   |
| Income                Taxes                                                                               |   | $                       | -       |                       | $      | - |   |

**See      notes to unaudited consolidated financial statements.**

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**EASTERN      RESOURCES, INC. AND SUBSIDIARY**

**(A      Development Stage Company)**

**Notes      to the Unaudited Consolidated Financial Statements**

**(Six      Months Ended June 30, 2008 and Inception March 15, 2007 to June 30,      2007)**

**Note      1 – Organization, Nature of Operations and Basis of      Presentation**

*BUZZKILL*

**Note      2 - Summary of Significant Accounting Policies**

**Principles      of Consolidation**

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**EASTERN      RESOURCES, INC. AND SUBSIDIARY**

**(A      Development Stage Company)**

**Notes      to the Unaudited Consolidated Financial Statements**

**(Six      Months Ended June 30, 2008 and Inception March 15, 2007 to June 30,      2007)**

**Use        of Estimates -**

**Cash      and Cash Equivalents -**

**Income      Taxes -**

**Fair      Value of Financial Instruments -**

**Loss      Per Common Share -**

**Film      Costs -**
**u**

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**EASTERN      RESOURCES, INC. AND SUBSIDIARY**

**(A      Development Stage Company)**

**Notes      to the Unaudited Consolidated Financial Statements**

**(Six      Months Ended June 30, 2008 and Inception March 15, 2007 to June 30,      2007)**

**New      Accounting Pronouncements -**

**NOTE      3 - Going Concern**

**Note      4 – Notes Payable **

**Note      5 - Issuance of Common and Preferred Stock**

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**ITEM      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS**

**Statement      Regarding Forward-Looking Information**

*This      report contains forward-looking statements within the meaning of      Section 27A of the Securities Act of 1933, as amended, Section 21E of      the Securities Exchange Act of 1934 and the Private Securities Litigation Reform      Act of 1995. All statements other than statements of historical facts included      in this Quarterly Report on Form 10-Q, including without limitation, statements      in this Management’s Discussion and Analysis of Financial Condition and Results      of Operations regarding our financial position, estimated working capital,      business strategy, the plans and objectives of our management for future      operations and those statements preceded by, followed by or that otherwise      include the words “believe”, “expects”, “anticipates”, “intends”, “estimates”,“projects”, “target”, “goal”, “plans”, “objective”, “should”, or similar      expressions or variations on such expressions are forward-looking statements.      We      can give no assurances that the assumptions upon which the forward-looking      statements are based will prove to be correct. Because forward-looking      statements are subject to risks and uncertainties, actual results may differ      materially from those expressed or implied by the forward-looking statements.      There are a number of risks, uncertainties and other important factors that      could cause our actual results to differ materially from the forward-looking      statements, including, but not limited to, *
*the      availability and pricing of additional capital to finance operations, the      acceptance of our feature film at various fall film festivals, the successful      negotiation and execution of marketing and distribution agreements, our ability      to acquire and develop future film projects, and future economic conditions      and      the independent film market.*

*Except      as otherwise required by the federal securities laws, we disclaim any      obligations or undertaking to publicly release any updates or revisions to      any      forward-looking statement contained in this Quarterly Report on Form 10-Q to      reflect any change in our expectations with regard thereto or any change in      events, conditions or circumstances on which any such statement is based.*

*BuzzKill*

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*BuzzKill*

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*BuzzKill*

*BuzzKill*

**ITEM      4T. CONTROLS AND PROCEDURES**

**Evaluation      of Our Disclosure Controls and Internal Controls**

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**PART      II – OTHER INFORMATION**

**ITEM      1. LEGAL PROCEEDINGS **

**ITEM      2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF      PROCEEDS**

**ITEM      6. EXHIBITS.**

| Exhibit No. |   | Description                                                                                                                                                                                                                                    |
|------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|             |   |                                                                                                                                                                                                                                           |
| 31.1             |   | Certification                of Principal Executive and Financial Officer pursuant to Section                302 the                Sarbanes-Oxley Act of 2002                                                                                 |
| 32.1             |   | Certification                of Principal Executive and Financial Officer pursuant to 18 U.S.C.                Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002 |

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**SIGNATURES**

| Date:                September 26, 2008 | **Eastern                Resources, Inc.** |
|-----------------------------------------|--------------------------------------------|
|                                    |                                       |   |   |
|                                    | By:                                        |  /s/                Thomas H. Hanna, Jr. |
|                                    | Name:                                      | Thomas                H. Hanna, Jr. |
|                                    | Title:                                     | Principal                Executive Officer and |
|                                    |                                       |   | Principal                Financial Officer |

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