UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-Q  (Mark One)  XQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended December 31, 2008  TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE EXCHANGE ACT  For the transition period from ___________ to _____________  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)   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   X   No .  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company filer. See definition of “large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act (Check one):  Large Accelerated Filer   Accelerated Filer   Non-Accelerated Filer   Smaller Reporting Company X.  State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practicable date: 10,230,000 shares of Common Stock, as of February 13, 2009.  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 X.  Transitional Small Business Disclosure Format (check one): Yes   No X.   LAUFER BRIDGE ENTERPRISES, INC.  Page NumberPART 1 - Financial Information3Item 1 - Unaudited Financial Information:3Balance Sheets as of December 31, 2008 (Unaudited) and September 30, 20083Statements of Operations for the Three Months Ended December 31, 2008 and 2007 (Unaudited)4Statements of Cash Flows for the Three Months Ended December 31,  2008 and 2007 (Unaudited)5Notes to Financial Statements (Unaudited)7Item 2. - Managements Discussion and Analysis or Plan of Operation8Item 3. - Controls and Procedures10PART II. - Other Information (Items 1-6)10   2    LAUFER BRIDGE ENTERPRISES, INC.  Balance Sheets  ASSETSDecember 31,
2008
(Unaudited)September 30,
2008CURRENT ASSETS:Cash$19,104$30,301Time deposits24,70725,108Total current assets43,81155,409OTHER ASSETS:Security deposits12,65012,650Goodwill55,00055,000Fixed assets - net10,9526,238Total other assets78,60273,888TOTAL ASSETS$122,413$129,297LIABILITIES AND STOCKHOLDERS' EQUITYLiabilitiesAccrued expenses$26,574$16,899Total current liabilities26,57416,899Stockholders' 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 issued and outstanding10,23010,230Additional paid-in capital91,91091,910Retained earnings (deficit)(6,301)10,258Total stockholders equity95,839112,398TOTAL LIABILITIES AND STOCKHOLDERS EQUITY$122,413$129,297See accompanying notes to the financial statements.  3   LAUFER BRIDGE ENTERPRISES, INC.  Statements of Operations (Unaudited)  Three Months Ended
December 31,
2008Three Months Ended
December 31,
2007Net revenues:Admission revenues$109,479$90,444Instruction and other2,5555,959Total112,03496,403Operating expensesRent37,02539,687Director/contractor/employee45,71231,046General and administrative45,85634,950Total128,593105,683Net loss$(16,559)$(9,280)Pro Forma:Income$-$(9,280)Pro forma income tax--Pro forma net income$-$(9,280)Net income per common share - basic and diluted$(0.00)$(0.00)Weighted average number of common shares outstanding - basic and diluted10,230,0009,500,000See accompanying notes to the financial statements.  4   LAUFER BRIDGE ENTERPRISES, INC.  Statements of Cash Flows (Unaudited)  Three
Months
Ended
December
31,
2008Three
Months
Ended
December
31,
2007CASH FLOWS FROM OPERATING ACTIVITIES:Net loss$(16,559)$(9,280)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization72585Change in operating assetsIncrease in accrued expenses9,6753,034Net Cash Used in Operating Activities(6,159)(6,161)CASH FROM INVESTING ACTIVITIES:Purchase of furniture and fixtures(5,439)(2,922)NET CHANGE IN CASH(11,598)(9,083)CASH AT BEGINNING OF PERIOD55,40943,046CASH AT END OF PERIOD$43,811$33,963See accompanying notes to the financial statements.  5   LAUFER BRIDGE ENTERPRISES, INC. December 31, 2008 and 2007 Notes to the Financial Statements (Unaudited)  NOTE 1 - BASIS OF PRESENTATION  The accompanying unaudited interim consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (SEC) to Form 10-Q and Article 10 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.  The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented.  These interim consolidated financial statements should be read in conjunction with the financial statements of the Company for the year ended September 30, 2008 and notes thereto contained in the Companys Annual Report on Form 10-K filed with the SEC on February 9, 2009.  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  GOING CONCERN  As reflected in the accompanying financial statements, the Company had accumulated deficit of $6,301 at December 31, 2008, and had a net loss and cash used in operations of $16,559 and $6,159 for the interim periods ended December 31, 2008, respectively.  While the Company is attempting to generate sufficient revenues, the Companys cash position may not be sufficient to support its daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate sufficient revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate sufficient revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenues. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.  NOTE 3  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.  6   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 three months ended December 31, 2008 and 2007 follows:  For the three
months ended
December 31, 2008For the three
months ended
December 31, 2007Net revenues:Admission revenues$109,479$90,444Instruction and other2,5555,959Total112,03496,403Operating expensesRent37,02539,687Director/contractor/employee45,71231,046General and administrative45,85634,950Total128,593105,683Net loss$(16,559)$(9,280)  Revenues  increased slightly because of a slight increase in paid games.  Operating expenses consist of:  20082007Cleaning and maintenance$4,778$4,912Computer45621Director/contractor/employee45,71231,046Insurance2,2371,994General office3,4862,550Rent37,02539,687Fees to American Contract Bridge League (ACBL)5,2753,704Supplies for players14,72313,664Marketing9941,044Utilities4,9205,159Other8,6731,217Depreciation and amortization72585Total$128,593$105,683   7   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 December 31, 2008 we had cash balances of $43,811.  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.  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 Releases No. 33-8934 on June 26, 2008. Commencing with our annual report for the fiscal year ended September 30, 20010, 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  8   · 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 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 fiscal year ending September 30, 2009 for all prospective business acquisitions. The Company has not determined the effect that the adoption of SFAS No. 141(R) will have on its financial statements.  In December 2007, the FASB issued FASB Statement No. 160, Non-controlling Interests in Consolidated Financial Statements - an amendment of ARB No. 51 (SFAS No. 160), which causes non-controlling 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 fiscal year ending September 30, 2009 for all prospective business acquisitions.  The Company has not determined the effect that the adoption of SFAS No. 160 will have on its consolidated financial statements.  In March 2008, the FASB issued FASB Statement No. 161, Disclosures about Derivative Instruments and Hedging Activities an amendment of FASB Statement No. 133 (SFAS No. 161), which changes the disclosure requirements for derivative instruments and hedging activities.  Pursuant to SFAS No.161, Entities are required to provide enhanced disclosures about (a) how and why an entity uses derivative instruments, (b) how derivative instruments and related hedged items are accounted for under Statement 133 and its related interpretations, and (c) how derivative instruments and related hedged items affect an entitys financial position, financial performance, and cash flows.  SFAS No. 161 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008 with early application encouraged. SFAS No. 161 encourages but does not require disclosures for earlier periods presented for comparative purposes at initial adoption.  In years after initial adoption, this Statement requires comparative disclosures only for periods subsequent to initial adoption.  The Company will adopt this standard at the beginning of the Companys year ending September 30, 2009.  The Company does not expect the adoption of SFAS No. 161 to have a material impact 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 December 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 nine months ended December 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  9   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 2 to 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.  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.  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   10    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    February 13, 2009  11