**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      DC 20549**





**FORM
      10 - Q**





(Mark
      One)





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


For
      the
      quarterly period ended December 31, 2007








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


For
      the
      transition period from  to





Commission
      File Number 000-52706





**SENTRA
      CONSULTING CORP.**


(Exact
      Name of Registrant as Specified in Its Charter)





**Nevada**
            **20-5297544**(State
                or Other Jurisdiction of
            (IRS
                EmployerIncorporation
                or Organization)
            Identification
                No.)**15
                Hoover Street****Inwood,
                NY**
            **11096**(Address
                of Principal Executive Offices)
            (Zip
                Code)





**(516)
      592-5600**


(Registrant’s
      Telephone Number, Including Area Code)





Not
      Applicable


(Former
      Name, Former Address and Former


Fiscal
      Year if Changed Since Last Report)





Indicate
      by check whether the Registrant (1) has filed all reports required to be filed
      by Section 13 or 15 (d) of the Securities Exchange Act of 1934 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
o





Indicate
      by check whether the Registrant is a large accelerated filer, an accelerated
      filer, a non-accelerated filer or a smaller reporting company. See the
      definitions of “large accelerated filer,” ”accelerated filer” and “small
      reporting company” in Rule 12b-2 of the Exchange Act. (check one)




Large
      Accelerated Filer o Accelerated
      Filer o Non-Accelerated
      Filer o


Smaller
      Reporting Company o




(Do
      not
      check if a smaller reporting company)





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


Yes
o      No
x




The
      number of common equity shares outstanding as of February 18, 2008 was
      33,175,000 shares of Common Stock, $.001 par value.










**INDEX**





Page**PART
                I. FINANCIAL INFORMATION**Item
                1.
            Financial
                StatementsCondensed
                Consolidated Balance Sheets – December 31, 2007 (Unaudited) and March
                31, 2007
            3Condensed
                Consolidated Statements of Operations – Three and Nine Months ended
                December 31, 2007 and 2006 (Unaudited)
            4Condensed
                Consolidated Statement of Stockholders’/ Members’ Deficit – Nine Months
                ended December 31, 2007 (Unaudited)
            5Condensed
                Consolidated Statements of Cash Flows – Nine Months ended December
                31, 2007 and 2006 (Unaudited)
            6-7Notes
                to Condensed Consolidated Financial Statements
            8-13Item
                2.
            Management's
                Discussion and Analysis of Financial Condition and Results of
                Operations
            14-20Item
                3.
            Quantitative
                and Qualitative Disclosure About Market Risk
            20Item
                4.
            Controls
                and Procedures
            20**PART
                II. OTHER INFORMATION**Item
                1
            Legal
                Proceedings
            22Item
                2
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            22Item
                3
            Defaults
                Upon Senior Securities
            22Item
                4
            Submission
                of Matters to a Vote of Security Holders
            22Item
                5
            Other
                Matters
            22Item
                6.
            Exhibits
            22**SIGNATURES**
            23





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          2
          -





**SENTRA
      CONSULTING CORP. AND SUBSIDIARY**


**CONDENSED
      CONSOLIDATED BALANCE SHEETS**





**December 31,**
              **2007**
            
            **March 31,**
              **2007**(Unaudited)
            
            (Note
                1)**ASSETS**Current
                assets:Cash
            
            $
            -
            
            $
            318,468Accounts
                receivable, net of allowance for doubtful accounts of$0
                and $6,443
            
            
            69,308
            
            
            194,856Inventories
            
            
            2,182,152
            
            
            1,414,118Prepaid
                expenses and other current assets
            
            
            28,264
            
            
            79,153Total
                current assets
            
            
            2,279,724
            
            
            2,006,595Property
                and equipment, net of accumulated depreciation of$17,118
                and $316,946
            
            
            79,179
            
            
            2,106,458Patents
            
            
            241,288
            
            
            201,947TOTAL
                ASSETS
            
            $
            2,600,191
            
            $
            4,315,000**LIABILITIES
                AND STOCKHOLDERS’/MEMBERS’ DEFICIT**Current
                liabilities:Accounts
                payable and accrued liabilities
            
            $
            964,111
            
            $
            478,667Short-term
                notes payable
            
            
            665,720
            
            
            150,000Due
                to stockholder
            
            
            -
            
            
            36,659Due
                to prior affiliates
            
            
            368,495
            
            
            -Current
                portion of long-term debt
            
            
            100,000
            
            
            75,000Total
                current liabilities
            
            
            2,098,326
            
            
            740,326Due
                to affiliate
            
            
            -
            
            
            1,663,450Long-term
                debt, net of current portion
            
            
            3,916,492
            
            
            6,057,060Total
                liabilities
            
            
            6,014,818
            
            
            8,460,836Stockholders’/
                Members’ Deficit:Preferred
                Stock, $.001 par value; 9,995,500 shares authorized,none
                issued and outstanding
            
            
            -
            
            
            -Series
                A Convertible Preferred Stock, $.001 par value; 3,000shares
                authorized, 1,050 shares issued and outstanding; aggregate
                liquidation preference $1,050,000
            
            
            1
            
            
            -Series
                B Convertible Preferred Stock, $.001 par value; 1,500shares
                authorized, none issued and outstanding
            
            
            -
            
            
            -Common
                stock, par value $.001; 100,000,000 shares authorized;33,175,000
                issued and outstanding at December
                31, 2007, 30,000,000 issued and outstanding at March 31,
                2007
            
            
            33,175
            
            
            30,000Paid-in
                capital
            
            
            2,506,502
            
            
            (30,000
            )Retained/
                Members’ deficit
            
            
            (5,954,305
            )
            
            (4,145,836
            )Total
                Stockholders’/ Members’ Deficit
            
            
            (3,414,627
            )
            
            (4,145,836
            )TOTAL
                LIABILITIES AND STOCKHOLDERS’/MEMBERS’ DEFICIT
            
            $
            2,600,191
            
            $
            4,315,000





See
      accompanying notes to condensed consolidated financial statements.




-
          3
          -




**SENTRA
      CONSULTING CORP. AND SUBSIDIARY**


**CONDENSED
      CONSOLIDATED STATEMENTS OF OPERATIONS**


**(UNAUDITED)**





**Three
                Months Ended**
            
            **Nine
                Months Ended****December
                31,**
            
            **December
                31,****2007**
            
            **2006**
            
            **2007**
            
            **2006**Net
                revenues
            
            $
            73,688
            
            $
            1,575
            
            $
            189,543
            
            $
            81,781Cost
                of goods sold
            
            
            377,517
            
            
            27,491
            
            
            626,690
            
            
            116,234Gross
                margin
            
            
            (303,829
            )
            
            (25,916
            )
            
            (437,147
            )
            
            (34,453
            )Selling,
                general and administrative
            
            
            752,962
            
            
            97,282
            
            
            1,981,668
            
            
            485,825Loss
                from continuing operations before interest expense and income
                taxes
            
            
            (1,056,791
            )
            
            (123,198
            )
            
            (2,418,815
            )
            
            (520,278
            )Interest
                expense
            
            
            222,629
            
            
            4,803
            
            
            573,450
            
            
            4,803Loss
                from continuing operations before income taxes
            
            
            (1,279,420
            )
            
            (128,001
            )
            
            (2,992,265
            )
            
            (525,081
            )Provision
                for income taxes
            
            
            -
            
            
            -
            
            
            -
            
            
            -Net
                loss from continuing operations
            
            
            (1,279,420
            )
            
            (128,001
            )
            
            (2,992,265
            )
            
            (525,081
            )Loss
                from discontinued operations, deconsolidation of 15 Hoover Street
                LLC
            
            
            (24,966
            )
            
            -
            
            
            (137,446
            )
            
            -Net
                loss
            
            $
            (1,304,386
            )
            $
            (128,001
            )
            $
            (3,129,711
            )
            $
            (525,081
            )From
                continuing operations:Basic
                and diluted net loss per common share
            
            $
            (.04
            )
            $
            (.00
            )
            $
            (.09
            )
            $
            (.02
            )From
                discontinued operations:Basic
                and diluted net loss per common share
            
            $
            (.00
            )
            $
            (.00
            )
            $
            (.00
            )
            $
            (.00
            )Weighted
                average number of common shares outstanding: Basic and
                diluted
            
            
            33,175,000
            
            
            30,000,000
            
            
            33,175,000
            
            
            30,000,000





See
      accompanying notes to condensed consolidated financial statements.




-
          4
          -





**SENTRA
      CONSULTING CORP. AND SUBSIDIARY**


**CONDENSED
      CONSOLIDATED STATEMENT OF STOCKHOLDERS’/MEMBERS’ DEFICIT**


**NINE
      MONTHS ENDED DECEMBER 31, 2007**


**(UNAUDITED)**





Series
                A Preferred
            
            Stock
            
            Common
            
            Stock
            
            Paid-In
            
            Retained/
              Members’Shares
            
            Amount
            
            Shares
            
            Amount
            
            Capital
            
            Deficit
            
            TotalBalance,
                as restated for shares issued in reverse merger, April 1, 2007 (Note
                1)
            
            
            -
            
            $
            -
            
            
            30,000,000
            
            $
            30,000
            
            $
            (30,000
            )
            $
            (4,145,836
            )
            $
            (4,145,836
            )Re-class
                opening equity of Sentra Consulting Corp.
            
            
            1,050
            
            
            1
            
            
            3,175,000
            
            
            3,175
            
            
            1,878,822
            
            
            -
            
            
            1,881,998Discount
                on convertible note payable-beneficial conversion feature
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            470,000
            
            
            -
            
            
            470,000Deconsolidation
                of 15 Hoover Street LLC
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            1,321,242
            
            
            1,321,242Issuance
                of warrants at fair value of $0.24
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            187,680
            
            
            -
            
            
            187,680Net
                loss
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (3,129,711
            )
            
            (3,129,711
            )Balance,
                December 31, 2007
            
            
            1,050
            
            $
            1
            
            
            33,175,000
            
            $
            33,175
            
            $
            2,506,502
            
            $
            (5,954,305
            )
            $
            (3,414,627
            )





See
      accompanying notes to condensed consolidated financial statements.




-
          5
          -





**SENTRA
      CONSULTING CORP. AND SUBSIDIARY**


**CONDENSED
      CONSOLIDATED STATEMENTS OF CASH FLOWS**


**(UNAUDITED)**





**Nine
                Months Ended**
              **December
                31,****2007**
            
            **2006**OPERATING
                ACTIVITIES:Net
                loss
            
            $
            (3,129,711
            )
            $
            (525,081
            )Adjustments
                to reconcile net loss to net cash used inoperating
                activitiesDepreciation
            
            
            95,164
            
            
            -Provision
                for doubtful accounts
            
            
            (6,443
            )
            
            6,443Inventory
                reserve
            
            
            11,360
            
            
            -Warrants
                issued at fair value
            
            
            187,680
            
            
            -Accretion
                of interest expense due to beneficial conversion feature
            
            
            71,697
            
            
            -Changes
                in operating assets and liabilities, net of effects of consolidation
                of
                Sentra Consulting Corp. and deconsolidating 15 Hoover Street LLC
                on
                December 21, 2007:Accounts
                receivable
            
            
            131,991
            
            
            21,962Inventories
            
            
            (779,394
            )
            
            (1,515,735
            )Prepaid
                expenses and other current assets
            
            
            122,706
            
            
            (47,710
            )Accounts
                payable and accrued liabilities
            
            
            426,391
            
            
            107,721Net
                cash used in operating activities
            
            
            (2,868,559
            )
            
            (1,952,400
            )INVESTING
                ACTIVITIES:Patents
            
            
            (39,341
            )
            
            (112,433
            )Capital
                expenditures
            
            
            (44,559
            )
            
            (47,454
            )Net
                cash of Sentra Consulting Corp.
            
            
            8,205
            
            
            -Net
                cash upon deconsolidation of 15 Hoover Street LLC
            
            
            (16,595
            )
            
            -Net
                cash used in investing activities
            
            
            (92,290
            )
            
            (159,887
            )FINANCING
                ACTIVITIES:(Payments
                on) /borrowings under long-term note payable
            
            
            (85,269
            )
            
            1,811,318(Payments
                on) /borrowings from affiliate
            
            
            (12,349
            )
            
            278,076Borrowings
                under short-term notes payable
            
            
            2,739,999
            
            
            -Net
                cash provided by financing activities
            
            
            2,642,381
            
            
            2,089,394Net
                decrease in cash
            
            
            (318,468
            )
            
            (22,893
            )Cash,
                beginning of period
            
            
            318,468
            
            
            22,893Cash,
                end of period
            
            $
            -
            
            $
            -





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          6
          -


**SENTRA
      CONSULTING CORP. AND SUBSIDIARY**


**CONDENSED
      CONSOLIDATED STATEMENTS OF CASH FLOWS**


**CONTINUED**


**(UNAUDITED)**





**Nine
                Months Ended**
              **December
                31,****2007**
            
            **2006**SUPPLEMENTAL
                DISCLOSURES OF CASH FLOW INFORMATION:Cash
                paid during the period for:Interest
            
            $
            95,456
            
            $
            4,803Income
                taxes
            
            $
            -
            
            $
            -SUPPLEMENTAL
                SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:Conversion
                of balance due to affiliate to long-term note payablewith
                third party
            
            $
            1,663,450
            
            $
            -Unamortized
                discount of beneficial conversion feature
            
            $
            470,000
            
            $
            -Assets
                and liabilities of Sentra Consulting Corp. as of December 21,
                2007:Other
                current assets
            
            $
            (114,108
            )
            $
            -Notes
                receivable from Karat Platinum
            
            $
            (2,620,000
            )
            $
            -Accounts
                payable and accrued liabilities
            
            $
            66,291
            
            $
            -Short-term
                notes payable
            
            $
            794,024
            
            $
            -Net
                equity
            
            $
            1,881,998
            
            $
            -Assets
                and liabilities of 15 Hoover Street LLC as of December 21,
                2007:Property
                and equipment, net
            
            $
            1,976,674
            
            $
            -Other
                current assets
            
            $
            42,291
            
            $
            -Accounts
                payable and accrued liabilities
            
            $
            (7,238
            )
            $
            -Due
                to stockholder
            
            $
            (36,659
            )
            $
            -Due
                from affiliate
            
            $
            380,844
            
            $
            -Mortgage
                payable
            
            $
            (3,693,749
            )
            $
            -Net
                deficit
            
            $
            1,321,242
            
            $
            -





See
      accompanying notes to condensed consolidated financial statements.




-
          7
          -




**SENTRA
      CONSULTING CORP. AND SUBSIDIARY**


**NOTES
      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**





**NOTE
      1 – DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING
      POLICIES:**




Description
      of Business:


On
      December 21, 2007, Sentra Consulting Corp. (“Sentra” or the “Company”) entered
      into an Exchange Agreement (the “Exchange Agreement”) with Karat Platinum LLC, a
      New York limited liability company (“Karat Platinum”), and the members of Karat
      Platinum (the “Karat Members”).





Pursuant
      to the terms of the Exchange Agreement, Sentra acquired 100% of the membership
      interests of Karat Platinum by purchasing from the Karat Members all of their
      respective membership interests in Karat Platinum. In consideration therefore,
      Sentra issued to the Karat Members an aggregate of 30,000,000 shares of Sentra's
      common stock, representing 90.43% of the issued and outstanding stock of Sentra.
      As a result of the transactions contemplated by the Exchange Agreement
      (hereinafter referred to as the “Exchange”), Karat Platinum became a wholly
      owned subsidiary of the Company.





Each
      of
      the Karat Members who exchanged their membership interests for Sentra common
      stock entered into a Lock-Up Agreement with the Company whereby each member
      agreed that until December 21, 2009 he or she will not sell any of the shares
      of
      common stock of Sentra. Although the Lock-Up Agreement provides for customary
      exceptions for transfers to family members and gifts, each transferee must
      agree
      to be bound by the transfer restrictions of the Lock-Up Agreement. In addition,
      the provisions of the agreement could be waived upon the approval of 80% of
      the
      Board of Directors of the Company.





Prior
      to
      the Exchange, Sentra was a “shell company” (as such term is defined in Rule
      12b-2 under the Securities Exchange of 1934, as amended (the “Exchange Act”)).





The
      Exchange is being accounted for as a reverse-merger, equivalent to a
      recapitalization, through the issuance of stock by Sentra for the net monetary
      assets and recapitalization of Karat Platinum for financial reporting purposes.
      Consequently, the assets and liabilities and the operations that will be
      reflected in the historical financial statements prior to the Exchange will
      be
      those of Karat Platinum and will be recorded at the historical cost basis of
      Karat Platinum, and the consolidated financial statements after completion
      of
      the Exchange will include the assets and liabilities of the Company and Karat
      Platinum and historical operations of Karat Platinum and operations of the
      Company from the closing date of the Exchange. Stockholders’/members’ deficit
      has been retroactively restated to reflect the exchange of shares for members’
interests.





Karat
      Platinum manufactures and sells platinum alloy (“585 Platinum”) and jewelry
      under the brand names KARAT PLATINUMTM, 14 KARAT PLATINUM ® and 14 Kt.Pt.®.
      Management believes that they sell Karat Platinum's products at prices which
      are
      significantly lower than existing market prices for similar types of platinum
      jewelry, thus making platinum jewelry more affordable to consumers worldwide.
      The alloy is comprised of 58.5% platinum and 41.5% copper and
      cobalt.





Karat
      Platinum is the exclusive worldwide distributor and co-patent owner under a
      patent pending technology of the newly engineered 585 Platinum. The alloy was
      developed by Allgemeine Gold – und Silberscheideanstalt AG (“Agosi”), who
      granted Karat Platinum an exclusive worldwide license to the alloy through
      2009,
      as well as assigning co-patent rights to Karat Platinum.





15
      Hoover
      Street LLC ("Hoover") which, prior to the Exchange, was under common ownership
      with Karat Platinum, owns and operates a 25,000 square foot building located
      at
      15 Hoover Street, Inwood, New York. Hoover leases 12,000 square feet to Karat
      Platinum and was a variable interest entity ("VIE") through December 21, 2007.
      In accordance with Financial Accounting Standards Board Interpretation 46(R),
      “Consolidation of Variable Interest Entities,” Hoover no longer meets the
      criteria of a VIE and, therefore, has been deconsolidated effective December
      21,
      2007. The operations of Hoover have been reflected as a discontinued operation
      on the Condensed Consolidated Statements of Operations. In addition, the assets
      and liabilities of Hoover have been eliminated as of December 21,
      2007.




-
          8 -




General:


The
      accompanying unaudited interim condensed consolidated financial statements
      were
      prepared in accordance with accounting principles generally accepted in the
      Untied States of America and the interim financial statement rules and
      regulations of the Securities and Exchange Commission ("SEC"). In the opinion
      of
      management, these statements include all adjustments (consisting only of normal
      recurring adjustments) necessary for a fair presentation of the condensed
      consolidated financial statements. The interim operating results are not
      necessarily indicative of the results for a full year or any interim
      period.




Certain
      information and footnote disclosures normally included in financial statements
      prepared in accordance with accounting principles generally accepted in the
      United States of America have been condensed or omitted pursuant to such rules
      and regulations relating to interim financial statements. These condensed
      consolidated financial statements should be read in conjunction with the
      Company’s consolidated financial statements filed on December 31, 2007 on Form
      8-K. The March 31, 2007 consolidated balance sheet of Karat Platinum has been
      derived from the audited consolidated financial statements included on Form
      8-K
      filed on December 31, 2007.





All
      material intercompany accounts and transactions have been eliminated in the
      accompanying condensed consolidated financial statements.





Basis
      of presentation:


As
      reflected in the accompanying condensed consolidated financial statements,
      the
      Company has a members’/retained deficit of $5,954,305 and negative cash flows
      from operations of $2,868,559 for the nine months ended December 31, 2007.
      These
      matters raise substantial doubt about the Company’s ability to continue as a
      going concern for a reasonable period of time. In
      addition, the Company might be required to sell certain of its assets. These
      actions, while necessary for the continuance of operations during a time of
      cash
      constraints and a shortage of working capital, could adversely affect the
      Company’s business.





New
      financing will be required to fund working capital and operations should the
      Company be unable to generate positive cash flow from operations in the near
      future. The Company is exploring the possible sale of equity securities and/or
      debt financing, and believes that additional financing will be available under
      terms and conditions that are acceptable to the Company. However, there can
      be
      no assurance that additional financing will be available. In the event financing
      is not available in the time frame required, the Company will be forced to
      reduce its rate of growth, if any, reduce operating expenses and curtail sales
      and marketing activities.





In
      view
      of the matters described in the preceding paragraph, recoverability of a major
      portion of the recorded asset amounts shown in the accompanying condensed
      consolidated balance sheet is dependent upon continued operations of the
      Company, which, in turn, is dependent upon the Company’s ability to continue to
      raise capital and generate positive cash flows from operations. The condensed
      consolidated financial statements do not include any adjustments relating to
      the
      recoverability and classification of recorded asset amounts or amounts and
      classifications of liabilities that might be necessary should the Company be
      unable to continue its existence. There is no assurance that the Company will
      operate at a profit in the future.





Revenue
      Recognition:


Sales
      are
      recorded when the earnings process is complete, which occurs when products
      are
      shipped in accordance with the terms of agreements, title and risk transfer
      to
      customers, collection is probable and pricing is fixed or determinable.




-
          9 -




Inventories:


Inventories
      are valued at the lower of cost (determined by the first-in, first-out method
      or
      "FIFO") or market. Inventory costs include materials, labor, inbound freight
      and
      receiving costs.





Use
      of
      Estimates:


The
      preparation of the financial statements in conformity with accounting principles
      generally accepted in the United States of America requires management to make
      estimates and assumptions that affect the reported amounts of assets and
      liabilities as of the date of the financial statements and the reported amounts
      of revenues and expenses during the reporting period. Generally, matters subject
      to estimation and judgment include amounts related to accounts receivable
      realization, inventory obsolescence, asset impairments, useful lives of
      intangible and fixed assets. Actual results may differ from estimates
      provided.





Income
      Taxes:


Income
      taxes are accounted for under the asset and liability method in accordance
      with
      Statement of Financial Accounting Standard ("SFAS") No. 109, “Accounting
      for Income Taxes” (“SFAS 109”). Deferred tax assets and liabilities are
      recognized for the future tax consequences attributable to differences between
      the financial statement carrying amounts of existing assets and liabilities
      and
      their respective tax bases and operating loss and tax credit carry-forwards.
      Deferred tax assets and liabilities are measured using enacted tax rates
      expected to apply to taxable income in the years in which those temporary
      differences are expected to be recovered or settled. The effect on deferred
      tax
      assets and liabilities of a change in tax rates is recognized in income in
      the
      period that includes the enactment date. A valuation allowance is established
      to
      reduce deferred tax assets to the amounts expected to be realized.





Prior
      to
      the Exchange, Karat Platinum was organized as a limited liability company and,
      as such, was treated as a partnership for Federal and state income tax purposes.
      Accordingly, no provision for income taxes was reported. Karat Platinum's loss
      was reported on the individual income tax returns of the members.





Accounting
      for Derivative Instruments:


The
      Company accounts for derivative instruments in accordance with SFAS
      No. 133, “Accounting for Derivative Instruments and Hedging Activities,” as
      amended ("SFAS 133"), which establishes accounting and reporting standards
      for
      derivative instruments and hedging activities, including certain derivative
      instruments imbedded in other financial instruments or contracts. The Company
      also considers the Emerging Issues Task Force (“EITF”) 00-19, “Accounting for
      Derivative Financial Instruments Indexed to and Potentially Settled in, a
      Company’s Own Stock” (“EITF 00-19”), which provides criteria for determining
      whether freestanding contracts that are settled in a company’s own stock,
      including common stock warrants, should be designated as either an equity
      instrument, an asset or as a liability under SFAS 133. The Company
      evaluates the conversion feature embedded in its Convertible Preferred Stock,
      Series A and B (see Note 3) and convertible notes payable at each reporting
      period based on the criteria of SFAS 133 and EITF 00-19 to determine whether
      the
      conversion feature would be required to be bifurcated from the Preferred Stock
      or convertible notes and accounted for separately as derivative
      liabilities.  Based on management’s evaluation, the embedded conversion
      feature did not require bifurcation and derivative accounting as of December
      31,
      2007.




Recent
      accounting pronouncements:


In
      September 2006, the Financial Accounting Standards Board (“FASB”) issued SFAS
      No. 157, “Fair Value Measurements” (“SFAS 157”) which establishes a single
      authoritative definition of fair value, sets out a framework for measuring
      fair
      value, and requires additional disclosures about fair-value measurements. SFAS
      157 defines fair value as “the price that would be received to sell an asset or
      paid to transfer a liability in an orderly transaction between market
      participants at the measurement date”. For the Company, SFAS 157 is effective
      for the fiscal year beginning April 1, 2008. Management will evaluate SFAS
      157 to determine its impact, if any, on the Company’s condensed consolidated
      financial statements.




-
          10 -




On
      February 15, 2007, the FASB issued SFAS No. 159, “The Fair Value
      Option for Financial Assets and Financial Liabilities – Including an Amendment
      of FASB Statement No. 115” (“SFAS 159”) which permits an entity to measure
      financial instruments and certain other items at estimated fair value. Most
      of
      the provisions of SFAS 159 are elective; however, the amendment to FASB
      No. 115, “Accounting for Certain Investments in Debt and Equity
      Securities,” applies to all entities that own trading and available-for-sale
      securities. The fair value option created by SFAS 159 permits an entity to
      measure eligible items at fair value as of specified election dates. The fair
      value option (a) may generally be applied instrument by instrument,
      (b) is irrevocable unless a new election date occurs, and (c) must be
      applied to the entire instrument and not to only a portion of the instrument.
      SFAS 159 is effective as of the beginning of the first fiscal year that begins
      after November 15, 2007. Management will evaluate the impact of SFAS 159,
      if any, on the Company’s condensed consolidated financial statements.





In
      June
      2006, the FASB issued FASB Interpretation No. 48, “Accounting for
      Uncertainty in Income Taxes – an Interpretation of FASB Statement No. 109”
(“FIN 48”). FIN 48 clarifies the accounting for uncertainty in income taxes
      recognized in financial statements in accordance with SFAS 109. FIN 48
      prescribes a recognition threshold and measurement attribute of tax positions
      taken or expected to be taken on a tax return. FIN 48 also provides guidance
      on
      derecognition, classification, interest and penalties, accounting in interim
      periods, disclosure and transition. FIN 48 is effective for the fiscal year
      ending March 31, 2008. The adoption of FIN 48 will not have a material impact
      on
      the Company’s condensed consolidated financial statements.





Loss
      Per Share:


Basic
      loss per share is computed by dividing loss available to common stockholders
      by
      the weighted average common shares outstanding for the period. Diluted earnings
      per share reflects the potential dilution that could occur if securities or
      other contracts to issue common stock were exercised or converted into common
      stock or resulted in the issuance of common stock that then shared in the
      earnings of the entity. Since the effect of outstanding warrants and conversion
      of Preferred Stock are anti-dilutive due to the losses incurred by the Company,
      they have been excluded from the Company’s computation of net loss per share for
      periods presented. The total number of potentially dilutive securities excluded
      from the calculation of diluted loss per share for the three and nine months
      ended December 31, 2007 was 11,096,000 which were comprised of 4,200,000 from
      conversion of the Series A Convertible Preferred Stock; 6,000,000 from
      conversion of the Series B Convertible Preferred Stock and 896,000 warrants
      to
      purchase one share of the Company’s common stock. There were no potentially
      dilutive securities outstanding during the three and nine months ended December
      31, 2006.





**NOTE
      2 – SHORT-TERM NOTES PAYABLE:**





As
      of
      December 31, 2007, two secured promissory note-holders held an aggregate of
      $150,000 outstanding principal amounts due to them from the Company. The
      principal amounts of each of these notes are due and payable on January 31,
      2008, with interest, which accrues at 1.5% per month. Each of these notes are
      secured by all of the assets of Karat Platinum. The Company paid to each
      note-holder an amount equal to 1% of the note held by the holder thereof. On
      January 31, 2008, the Company repaid one of these notes in the amount of
      $50,000, plus accrued interest. The other note in the amount of $100,000 was
      extended to March 1, 2008.





On
      October 8, 2007, the Company issued a promissory note to its former Treasurer,
      Secretary and a current director, in consideration for loans made and to be
      made
      to the Company of up to an aggregate of $1,500,000. The outstanding principal
      and accrued interest at 12% per annum, are due and payable on November 1, 2008.
      Such individual had advanced an aggregate of $1,030,000 to the Company through
      December 21, 2007, the date of the merger, and the remaining $470,000 between
      December 21, 2007 and December 31, 2007. Pursuant to the promissory note, at
      any
      time, such individual has the right to convert all or any portion of the
      outstanding principal amount and accrued interest thereon into shares of the
      Company’s Series B Convertible Preferred Stock. This Convertible Note is deemed
      to be Convertible Securities with Beneficial Conversion Features, and has been
      recorded in accordance with EITF Issue No. 98-5 (“EITF 98-5”), “ Accounting for
      Convertible Securities with Beneficial Conversion Features or Contingently
      Adjustable Conversion Ratios” and EITF No. 00-27 (“EITF 00-27”), “Application of
      Issue No. 98-5 to Certain Convertible Instruments”. As of December 31, 2007, the
      carrying amount of this Convertible Note is $265,720, which is net of a discount
      in the amount of $1,234,280, representing the un-accreted amount of the
      intrinsic value, as defined in EITF 98-5. This discount will be accreted through
      interest expense to the maturity date, November 1, 2008, utilizing the effective
      yield method. In the three and nine month periods ended December 31, 2007,
      $71,697 of interest was accreted through interest expense, representing only
      the
      amount of discount accreted through interest expense for the period from
      December 21, 2007 through December 31, 2007. At the time of the merger, the
      carrying amount of the Convertible Note was $197,023, which reflects the total
      borrowings on the Convertible Note as of December 21, 2007 of $1,030,000, net
      of
      a discount of $835,977 representing the un-accreted discount as of that
      date.




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          11 -




On
      December 27, 2007, the Company issued a promissory note to its former Treasurer,
      Secretary and a current director, in consideration for an additional $100,000.
      The outstanding principal and accrued interest, at 12% per annum, are due and
      payable on January 31, 2008. Pursuant to the promissory note, at any time,
      such
      individual has the right to convert all or any portion of the outstanding
      principal amount and accrued interest thereon into shares of the Company’s
      Series A Convertible Preferred Stock. On January 9, 2008, this loan was repaid
      and cancelled.




**NOTE
      3-** **STOCKHOLDERS’ EQUITY:**





Common
      Stock:


We
      are
      authorized to issue 100,000,000 shares of common stock, par value $0.001, of
      which 33,175,000 shares are issued and outstanding as of December 31, 2007.
      Each
      holder of shares of our common stock is entitled to one vote for each share
      held
      of record on all matters submitted to the vote of stockholders, including the
      election of directors.





On
      February 5, 2007, Sentra issued 50,000 shares to Island Stock Transfer. The
      Company has the option to purchase these shares at a purchase price of $0.30
      per
      share through May 31, 2008.





Preferred
      Stock:


We
      are
      authorized to issue 10,000,000 shares of preferred stock, par value $0.001.
      On
      August 20, 2007, the Company’s Board of Directors designated 3,000 shares of
      preferred stock as Series A Convertible Preferred Stock (the “Series A
      Preferred”) of which 1,050 shares are issued and outstanding as of December 31,
      2007. Each share of Series A Preferred shall, at the option of the holder
      thereof, at any time, be convertible into shares of fully paid and
      non-assessable shares of common stock of the Company. Each share of Series
      A
      Preferred is convertible into the amount of shares of common stock as is
      calculated by dividing the original issue price of the Series A Preferred
      (currently $1,000) by the lower of (i) $0.25 per share, as adjusted, and (ii)
      the daily volume weighted average market price of the common stock for the
      30
      trading days prior; provided, however, that this number shall not be less than
      $0.20 per share. The holders of the Series A Preferred shall be entitled to
      receive dividends, on an as-converted basis when, as, and if paid on the common
      stock. Each holder of Series A Preferred shall have a right to purchase their
      respective pro rata portion of all, or any part, of common stock and securities
      convertible into common stock, subject to certain exceptions, that the Company
      may propose to issue. Each holder of Series A Preferred shall be entitled to
      the
      number of votes equal to the number of shares of common stock into which such
      shares of Series A Preferred could be converted and shall have voting rights
      and
      powers equal to the voting rights and powers of the common stock. The holders
      of
      Series A Preferred vote together with the holders of the common stock as a
      single class.   At any time following the two-year anniversary of the issue
      date of the Series A Preferred, the Company has the right to (i) redeem all
      of
      the issued and outstanding Series A Preferred at a redemption price equal to
      the
      original issue price or (ii) convert all the issued and outstanding shares
      of
      Series A Preferred to Common Stock at the then applicable conversion rate.




-
          12 -





On
      October 29, 2007, the Company filed a Certificate of Designation with the State
      of Nevada designating 1,500 shares of preferred stock as Series B Convertible
      Preferred Stock (the “Series B Preferred”). Each share of Series B Preferred is
      convertible into the amount of shares of common stock determined by dividing
      the
      original issue price of the Series B Preferred (currently $1,000) by $0.25
      per
      share, as adjusted. The Certificate of Designation provides for full ratchet
      anti-dilution provisions with respect to certain securities issuances. The
      holders of the Series B Preferred vote with the holders of the common stock
      on
      an as converted basis and are entitled to dividends, on an as-converted basis
      when, as and if paid on the common stock, but not before the declaration and
      payment of any dividends payable to the holders of the Company’s outstanding
      Series A Convertible Preferred Stock. In the event of any liquidation,
      dissolution or winding up of the Company, either voluntarily or involuntarily,
      the holders of Series B Preferred shall have preference to any distribution
      of
      the assets of the Company to the holders of common stock of the Company, after
      the holders of the Series A Preferred. At any time after the two-year
      anniversary from the date of purchase, the Company has the right to redeem
      all
      of the issued and outstanding shares of Series B Preferred at a redemption
      price
      equal to the original issue price of said shares or convert all the issued
      and
      outstanding shares of Series B Preferred into the Company’s common stock at the
      then applicable conversion rate.





Both
      the
      Series A and B Convertible Preferred Stock have been deemed to be convertible
      securities with beneficial conversion features, and have been recorded in
      accordance with EITF 98-5 and EITF 00-27. In addition since both of these issues
      have reset provisions based on the trading price of the Company’s stock, any
      reset will be recorded in accordance with EITF 98-5 and EITF 00-27 at the time
      of reset.





Warrants:


As
      of
      December 31, 2007, the Company had an aggregate of 896,000 warrants issued
      and
      outstanding. Of these warrants, 96,000 were granted by Sentra prior to the
      reverse merger. Currently exercisable and terminating three years from the
      date
      of issuance, the holder has the right to purchase one share of common stock
      per
      each warrant at an exercise price of $.50 per warrant share. The number of
      shares issuable upon exercise of each warrant and the exercise price are all
      subject to adjustment. Upon the creation of the Series B Preferred on October
      27, 2007 (discussed above), the exercise price for the 96,000 warrants was
      reduced to $.25 per share. At the time the exercise price was reduced, Sentra
      revalued these warrants using the Black-Scholes option pricing model, and
      recorded additional expense.





Pursuant
      to the terms of the Stock Purchase Warrant issued by Karat Platinum to ABN
      AMRO
      Bank N.V. (“ABN Amro”), upon consummation of the Exchange Agreement said warrant
      was amended and restated by a warrant issued by the Company. Such warrant
      provides ABN Amro with the right from June 29, 2010 until June 29, 2017 to
      purchase 800,000 shares of common stock of the Company for $0.01 per share.
      The
      warrant provides for customary anti-dilution provisions as well as piggyback
      registration rights. In addition, under certain circumstances ABN Amro shall
      have the right to tag along and participate in certain sales.




**NOTE
      4-** **SUBSEQUENT EVENTS:**





On
      January 30, 2008, Karat Platinum issued a Secured Promissory Note to Continental
      Capital, LLC in consideration for a $1,000,000 loan made to the Company. The
      outstanding principal is due and payable on July 30, 2008. The note bears
      interest at 12% per annum, with the first four months interest ($40,000), paid
      at the closing of the loan, and the remaining two months of interest to be
      paid
      on the four-month anniversary. In addition, the Company paid a 1.5% origination
      fee of $15,000 at the closing. This Note is secured by a first priority lien
      on
      all the inventory of Karat Platinum.





In
      January 2008, the Company sold 497 shares of Series A Convertible Preferred
      Stock to seven individuals for $497,000. Each of the individuals entered into
      a
      Subscription Agreement reflecting the terms of the Series A Preferred Stock,
      as
      defined in Note 3. The Convertible Preferred Stock issued in these transactions
      are deemed to be convertible securities with beneficial conversion features,
      and
      will be recorded in accordance with EITF 98-5 and EITF 00-27.




-
          13 -




**Item
      2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
      OF
      OPERATIONS**





This
      Current Quarterly Report contains forward-looking information. Forward-looking
      information includes statements relating to future actions, acceptance in the
      marketplace of our products, payment of our outstanding obligations, future
      performance, costs and expenses, interest rates, outcome of contingencies,
      financial condition, results of operations, liquidity, business strategies,
      cost
      savings, objectives of management, and other such matters of the Company. The
      Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for
      forward-looking information to encourage companies to provide prospective
      information about themselves without fear of litigation so long as that
      information is identified as forward-looking and is accompanied by meaningful
      cautionary statements identifying important factors that could cause actual
      results to differ materially from those projected in the information.





Forward-looking
      information may be included in this Current Quarterly Report or may be
      incorporated by reference from other documents filed with the Securities and
      Exchange Commission (the “SEC”) by us. You can find many of these statements by
      looking for words including, for example, “believes,” “expects,” “anticipates,”
“estimates” or similar expressions in this Current Quarterly Report or in
      documents incorporated by reference in this Current Quarterly Report. We
      undertake no obligation to publicly update or revise any forward-looking
      statements, whether as a result of new information or future events.





We
      have
      based the forward-looking statements relating to our operations on management's
      current expectations, estimates, and projections about us and the industry
      in
      which we operate. These statements are not guarantees of future performance
      and
      involve risks, uncertainties and assumptions that we cannot predict. In
      particular, we have based many of these forward-looking statements on
      assumptions about future events that may prove to be inaccurate. Accordingly,
      our actual results may differ materially from those contemplated by these
      forward-looking statements. Any differences could result from a variety of
      factors, including, but not limited to general economic and business conditions,
      competition, and other factors.





**Overview**





The
      Company manufactures and sells platinum alloy (the “Alloy” or “585 Platinum”)
      and platinum jewelry at a price that it believes is lower than existing market
      prices for currently existing platinum jewelry. We have a total of 21 full
      time
      employees.





*The
      Product*





Traditionally,
      platinum used in the jewelry industry consists of a minimum of 85%-95% platinum
      blended with certain precious metals such as iridium or palladium, known as
      platinum group metals. The Company’s alloy, which is a blend of 58.5% platinum
      with 41.5% cobalt and copper (non-precious metals), is a less expensive
      substitute for the alloys currently used by the jewelry industry.





Karat
      Platinum believes that its 585 Platinum provides three significant benefits:





1.
            It
                is less expensive than traditional platinum alloys because of its
                lower
                platinum content and the significant difference in price between
                copper
                and cobalt and the platinum group metals used in traditional platinum
                alloys, which are all costly precious metals.





2.
            The
                Alloy has a lower density than 85-95% platinum resulting in greater
                expansive properties. It therefore reduces the quantity of raw material
                content needed thus further reducing the cost for platinum content.





3.
            585
                Platinum is more durable and workable than traditional alloys.




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          14 -




*Supply
      of the Product*





On
      January 13, 2004, Karat Platinum entered into a Cooperation and License
      Agreement, as amended on March 30, 2006 and July 2, 2007, with Allgemeine Gold
      -
      und Silberscheideanstalt AG, German corporation (“Agosi”) whereby we became the
      exclusive worldwide distributor and co-patent applicant for 585 Platinum in
      the
      jewelry industry. Pursuant to the agreement, Agosi exclusively produces and
      supplies 585 Alloy to us. Under the agreement, we are subject to minimum
      purchase requirements of platinum alloy per calendar year. If we fail to
      purchase our minimum obligations in any year, we must pay liquidated damages
      in
      the amount of 50% of the applicable purchase price, as of December 30 of the
      corresponding year, of the quantity which had not been ordered. In 2006, we
      did
      not meet our minimum purchase requirements and we were obligated to pay
      liquidated damages of which Agosi agreed to accept the sum of approximately
      $28,000. Given our past history of failing to meet these minimum purchase
      requirements, the agreement was amended whereby we agreed to purchase at least
      750kg of the platinum alloy per year, through 2009. We did not meet our minimum
      purchase requirement for 2007, and therefore recorded a liquidating damage
      accrual of $250,000 in the three-month period ending December 31, 2007.





If
      Agosi
      cannot supply the Alloy in the required quantities, we are free to purchase
      the
      Alloy from another source, until such time as Agosi can resume supplying the
      Alloy. The Company has no contracts or agreements with any other suppliers
      for
      the purchase of platinum or the production of the Alloy.





The
      platinum used by Agosi for the manufacture of Alloy, is purchased by us from
      several platinum suppliers. The platinum is purchased at the then prevailing
      market price and shipped by the supplier to Agosi’s facilities for processing
      into 585 Platinum. The Company has no contracts or agreements with any such
      platinum suppliers.





Following
      Agosi’s conversion of the fine platinum into Alloy, and depending upon our
      needs, Agosi supplies the Alloy in sheet, tube, wire or shot form, which is
      then
      shipped using common secured carriers to manufacturers for production of
      jewelry. Such manufacturers are based in Italy, Israel, Thailand, India and
      the
      United States. Any unused or scrap Alloy is returned by the manufacturer to
      Agosi for reprocessing. Payment of invoices to Agosi or the manufacturers are
      either cash before delivery or 30 day terms with some vendors. After the
      manufacturer has produced the final jewelry product, it is shipped to us for
      distribution and sale to our customers. Karat Platinum does not have any
      contracts or agreements with such manufacturers.





*Marketing*





As
      noted
      in the Platinum 2007 report issued by Johnson Matthey, purchases of platinum
      by
      the jewelry trade fell in 2006 for the fourth year in a row. Rising and volatile
      metal prices had a negative impact on the platinum jewelry market, cutting
      demand for new metal by 18% from previous year levels to 1.61 million ounces,
      the lowest figure for 14 years. As of February 12, 2008, platinum is selling
      for
      over $1,937 per oz as per the London Fixed Prices PM closing price for platinum.
      Since the jewelry industry’s demand for platinum is highly price sensitive, our
      sales objectives incorporate the following three factors:





1.
            Recapture
                a percentage of the platinum market demand lost because of the price
                rise,





2.
            Capture
                a percentage of the existing platinum market, based on the alloy’s price
                and superior durability and design properties,





3.
            Capture
                a percentage of the existing worldwide gold jewelry market.





We
      believe that platinum is the metal of choice of the jewelry industry, in that
      it
      is a natural white, rare, durable, hypoallergenic metal that has more cache
      than
      gold. The World Gold Council notes a shift in consumer trends from gold to
      platinum. The council attributes this to the rise of the white metal phenomenon,
      which was driven by fashion, and the dominance of platinum as the aspiration
      choice (IBIS World Industry Performance Study March 16, 2007).




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          15 -




We
      are
      designing, manufacturing and selling a full line of earrings, bracelets,
      pendants, rings and chains directly to retailers in the United States. We market
      our products directly to mass and mid-market retailers as well as distributors
      to independent jewelry stores and small chain stores. We have budgeted
      significant funds for marketing efforts and to educate consumers of the benefits
      of Karat Platinum and to build and establish the brand, *Karat
      Platinum* TM.
      In
      addition, it is our intention to participate with retailers in marketing, and
      engaging in targeted efforts to increase market awareness. In addition, we
      plan
      to expand our presence on the internet.





*Intellectual
      Property*





Patents





Karat
      Platinum and Agosi are co-applicants for a patent on the Alloy. As such, patent
      applications were filed on February 4, 2004 under the Patent Cooperation Treaty
      (“PCT”) and a patent application was filed directly in the United States. Under
      the PCT, patent protection is being sought in the European Union Countries
      and
      in other countries, including Canada, India, Russia, China, Indonesia, Israel,
      Hong Kong, Japan, Mexico, and the Republic of South Africa. Karat Platinum
      and
      Agosi are seeking patent protection for an alloy composition of platinum
      combined with cobalt and copper and also seek to protect a method of preparing
      the alloys, and jewelry products made with the alloys. As of December 31, 2007,
      the patent application is still pending.





Trademarks





In
      August
      2004, the Jewelers Vigilance Committee (“JVC”) filed a petition with the
      Trademark Trial and Appeal Board (“TTAB”) to cancel six of Karat Platinum’s
      registered trademarks. Karat Platinum partially opposed the JVC action and
      continues to challenge the cancellation of its U.S. registrations for the 14
      KARAT PLATINUM and 14 KT. PT. marks.





In
      addition, on September 25, 2007, the JVC filed a notice of opposition to Karat
      Platinum’s application to federally register the KARAT PLATINUM mark. On
      November 6, 2007, Karat Platinum filed an answer to this notice of opposition.
      As of the date of this Report, no further proceedings have yet taken place.





*Competition*





Our
      Alloy
      competes with other precious metals that compete for the jewelry consumers’
dollars. These include, primarily, 950 platinum, 850 platinum, palladium and
      gold. Although a platinum alloy, consisting of 50% platinum and 50% palladium
      has been introduced to the market under the name Royal Platinum, based upon
      current market prices of platinum, we believe that since it requires other
      precious metals to produce, the Royal Platinum alloy is 19% more expensive
      than
      our 585 Platinum alloy.





If
      we
      obtain financing, we will utilize our marketing budget to support our direct
      sales efforts as well as to publicize the availability of 585 Platinum. We
      recently hired an outside public relations firm to assist in the development
      and
      implementation of a marketing plan.





To
      the
      best of our knowledge, other refiners have tried to create a 585 alloy
      containing non-platinum group metals but have not been successful. A most
      significant point in this regard is that, scientifically, there are only certain
      elements that can mix with platinum to make alloy, the least expensive of which
      are copper and cobalt. Since we already have a patent pending process
      incorporating those elements, we believe that it is unlikely that anyone can
      produce an alloy that can compete with our costs.




-
          16 -




*Government
      Regulation*





We
      have
      been advised by the Federal Trade Commission (“FTC”) that we may label jewelry
      made with our Alloy as Platinum, provided that we follow general FTC guidelines
      to disclose the percentage of the other components, as required for other
      platinum alloy jewelry products. Such rules and regulations are provided in
      the
      FTC’s Guides for the Jewelry, Precious Metals and Pewter Industries. We believe
      we are in compliance with all applicable FTC rules and regulations.





We
      are
      also subject to the rules and regulations of the Bank Secrecy Act of 2001 as
      well as the Patriot Act of 2003. On June 3, 2005 the U.S, Department of the
      Treasury issued final rules implementing Section 352 of the USA Patriot Act.
      It
      requires dealers who both purchase and sell at least $50,000 (annually) of
      jewels, precious metals, precious stones and finished goods to implement an
      anti-money laundering program in their business.


We
      are in
      the process of implementing the provisions of the Patriot Act but are not in
      full compliance as of the date of this Report.





**Results
      of Operations**





*Revenues.* Revenues
      include net sales of our platinum alloy and platinum jewelry. Net revenues
      are
      recorded net of estimated sales returns based upon specific customers.





*Cost
      of goods sold.* Our
      cost of goods sold represents our costs of raw materials, including fine
      platinum, the cost to convert the platinum into our alloy and the labor to
      manufacture our jewelry products from our third party manufacturers. Cost of
      goods sold also includes the cost to transport these products to our facility,
      including customs and brokers fees. Cost of goods sold is recognized at the
      time
      products are shipped to the customer and title transfers.





*Selling,
      general and administrative expenses.* Our
      selling, general and administrative expenses consist primarily of selling,
      marketing, salaries and related payroll and employee benefit costs, travel
      and
      insurance expenses, depreciation, professional fees, facility expenses, bank
      charges and outbound freight expenses.





**Three
      months ended December 31, 2007 compared with three months ended December 31,
      2006**





*Revenues.* Net
      revenues increased to $73,688 for 2007 compared to $1,575 for 2006. The increase
      in revenues is primarily due to several new customers obtained during this
      period who commenced purchasing our platinum alloy and platinum jewelry. During
      the three months ended December 31, 2007, the top four customers accounted
      for
      approximately 82% of revenues.




*Gross
      margin.* Negative
      gross margin increased to ($303,829) for 2007 compared to ($25,916) for 2006.
      The increase in negative margin is primarily due to the increase of certain
      fixed costs and expenses incurred during the 2007 period, not fully offset
      by
      the increase in revenues, and the recording of an accrual for liquidating
      damages of $250,000 related to our Cooperation and License Agreement with Agosi,
      as amended, as a result of not meeting minimum purchase requirements for 2007.
      In addition, cost of goods sold was impacted by the rising price of
      platinum.




*Selling,
      general and administrative expenses.* Selling,
      general and administrative expenses increased to $752,962 for 2007 compared
      to
      $97,282 for 2006. The increase was due to the increase in expenses as a result
      of the increase in the operations of the business during 2007. In the 2006
      period, the Company had minimal operations, and therefore minimal expenses.
      The
      primary expenses incurred during the 2007 period consist of salaries and related
      costs of $400,536; professional fees of $174,963; advertising and trade shows
      of
      $49,110; travel and entertainment costs of $27,203 and operating expenses of
      $24,034.





*Loss
      from continuing operations before interest expense and income
      taxes.* Loss
      from continuing operations before interest expense and income taxes increased
      to
      ($1,056,791) for 2007 compared to ($123,198) for 2006. The increase in loss
      from
      continuing operations before interest expense and income taxes for 2007 was
      primarily the result of higher selling, general and administrative costs and
      the
      lower gross margin, as explained above.




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          17 -


*Interest
      expense.* Interest
      expense increased to $222,629 for 2007 compared to $4,803 for 2006. The increase
      was due to higher borrowings coupled with higher interest rates paid for those
      borrowings in order to support the working capital needs as a result of the
      increase in the business operations, and to purchase inventory to support the
      increase in revenues. In the 2007 period, interest expense included $71,697
      related to the accretion of a discount on a convertible note with a beneficial
      conversion feature.





*Loss
      from continuing operations before income taxes.* Loss
      from continuing operations before income taxes increased to a loss of
      ($1,279,420) for 2007 compared to a loss of ($128,001) for 2006. The increase
      was primarily the result of higher selling, general and administrative costs
      and
      the lower gross margin, as explained above.





*Provision
      for income taxes.* We
      did not recognize any tax benefit due to the ongoing losses of the
      business.





*Loss
      from discontinued operations.* Loss
      from discontinued operations of ($24,966) in 2007 was due to the loss from
      15
      Hoover Street LLC, a Variable Interest Entity that was deconsolidated on
      December 21, 2007.





*Net
      loss.* Net
      loss
      increased to ($1,304,386) for 2007 compared to net loss of ($128,001) for 2006
      as a result of higher selling, general and administrative costs and the lower
      gross margin, as explained above.





**Nine
      months ended December 31, 2007 compared with nine months ended December 31,
      2006**





*Revenues.* Net
      revenues increased to $189,543 for 2007 compared to $81,781 for 2006. The
      increase in revenues is primarily due to new customers obtained during this
      period who commenced purchasing our platinum alloy and platinum jewelry. During
      the nine months ended December 31, 2007, the top four customers accounted for
      approximately 86% of revenues.




*Gross
      margin.* Negative
      gross margin increased to ($437,147) for 2007 compared to ($34,453) for 2006.
      The increase in negative margin is primarily due to the increase of certain
      fixed costs and expenses incurred during the 2007 period, not fully offset
      by
      the increase in revenues, and the recording of an accrual for liquidating
      damages of $250,000 related to our Cooperation and License Agreement with Agosi,
      as amended, as a result of not meeting minimum purchase requirements for 2007.
      In addition, cost of goods sold was impacted by the rising price of
      platinum.




*Selling,
      general and administrative expenses.* Selling,
      general and administrative expenses increased to $1,981,668 for 2007 compared
      to
      $485,825 for 2006. The increase was due to the increase in expenses as a result
      of the increase in the operations of the business during the 2007 period. In
      the
      2006 period, the company had minimal operations, and therefore minimal expenses.
      The primary expenses incurred during the 2007 period consist of salaries and
      related costs of $1,147,907; professional fees of $352,486; advertising and
      trade shows of $136,808; travel and entertainment costs of $75,952 and operating
      expenses of $61,977.





*Loss
      from continuing operations before interest expense and income
      taxes.* Loss
      from continuing operations before interest expense and income taxes increased
      to
      ($2,418,815) for 2007 compared to ($520,278) for 2006. The increase in operating
      loss from continuing operations before interest expense and income taxes for
      2007 was primarily the result of higher selling, general and administrative
      costs and the lower gross margin, as explained above.





*Interest
      expense.* Interest
      expense increased to $573,450 for 2007 compared to $4,803 for 2006. The increase
      was due to higher borrowings coupled with higher interest rates paid for those
      borrowings in order to support the working capital needs as a result of the
      increase in the business operations, and to purchase inventory to support the
      increase in revenues. In the 2007 period, interest expense included $71,697
      related to the accretion of a discount on a convertible note with a beneficial
      conversion feature.





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          18 -




*Loss
      from continuing operations before income taxes.* Loss
      from continuing operations before income taxes increased to a loss of
      ($2,992,265) for 2007 compared to a loss of ($525,081) for 2006. The increase
      was primarily the result of higher selling, general and administrative costs
      and
      the lower gross margin, as explained above.





*Provision
      for income taxes.* We
      did not recognize any tax benefit due to the ongoing losses of the
      business.





*Loss
      from discontinued operations.* Loss
      from discontinued operations of ($137,446) in 2007 was due to the loss from
      15
      Hoover Street LLC, a Variable Interest Entity that was deconsolidated on
      December 21, 2007.





*Net
      loss.* Net
      loss
      increased to ($3,129,711) for 2007 compared to net loss of ($525,081) for 2006
      as a result of higher selling, general and administrative costs and the lower
      gross margin, as explained above.





**Liquidity
      and Capital Resources**





The
      financial statements contained herein have been prepared on a “going concern”
basis, which contemplates the realization of assets and the satisfaction of
      liabilities in the normal course of business. For the reasons discussed herein
      and in the footnotes to the financial statements included herein, there is
      a
      significant risk that we will be unable to continue as a going concern. Our
      audited balance sheet included in this Form 10-Q, contains additional note
      disclosures describing the circumstances that lead to this disclosure.





We
      finance our operations and growth primarily with cash flows generated from
      borrowings and operations. Net
      cash
      used in operating activities for 2007 was $2,868,559 as compared to $1,952,400
      for 2006. The 2007 operating cash flows were negatively impacted as a result
      of
      the net loss for the period, as explained above, a significant increase in
      inventory to support the increase in revenues, partially offset by a decrease
      in
      accounts receivable and higher accounts payables. Net cash used in investing
      activities for 2007 was $92,290 as compared to $159,887 for 2006. The 2007
      period reflects the impacted of the merger with Sentra, and the deconsolidation
      of Hoover. Other than those items discussed for investing activities, our
      operations and business model are not capital intensive at this moment. Net
      cash
      provided by financing activities was $2,642,381 during 2007, principally due
      to
      new borrowings under short-term notes payable, as compared to $2,089,394 during
      2006, principally due to borrowings from a stockholder and an
      affiliate.





As
      of
      December 31, 2007, the Company had no cash. On or prior to January 31, 2008,
      we
      were to have repaid $150,000 in principal plus accrued interest to Sentra’s
      secured note-holders, of which $50,000 plus accrued interest was paid to one
      note-holder and the remaining $100,000 was extended to March 1, 2008, as well
      as
      pay $100,000 in principal to a director of the Company, unless she converts
      her
      loan into Series A Preferred. On or prior to March 31, 2008, $150,000 is owed
      to
      a note-holder. On or prior to October 31, 2008, we will owe $2,087,088 to our
      CEO’s wife. Furthermore, on or prior to November 1, 2008, we have to pay
      $1,500,000 plus accrued interest to a director of the Company. We also owe
      an
      aggregate of $100,000 plus accrued interest which is payable over the next
      12
      months. Accordingly, we do not have sufficient funds to pay our expenses for
      the
      next 12 months or to effectuate our plans with respect to our business
      operations, without raising or borrowing additional funds.





We
      will
      need to seek additional capital for the purpose of financing and operating
      our
      business. We expect to incur a minimum of approximately $17.8 million in
      expenses in order to effectuate our plans regarding our business, excluding
      the
      obligations described in the previous paragraph. We estimate that this will
      be
      comprised mostly of approximately $13.2 million towards cost of goods sold
      and
      approximately $.6 million towards interest expense. Additionally, approximately
      $4.0 million will be needed for general overhead expenses such as salaries,
      corporate legal and accounting fees, office overhead and general working
      capital. Over the next twelve months, we expect to hire employees for our sales,
      shipping and financial departments as needed. Accordingly, we will have to
      raise
      the funds to pay for these expenses. There can be no assurance that additional
      capital will be available to us. We have no specific plans, understandings
      or
      agreements with respect to any bank financing or capital raise, and we have
      given no contemplation with respect to the securities to be offered or any
      other
      issue with respect to any offering. We may seek to raise the required capital
      by
      other means. We will have to issue debt or equity or enter into a strategic
      arrangement with a third party. Other than discussed below, we currently have
      no
      agreements, arrangements or understandings with any person to obtain funds
      through bank loans, lines of credit or any other sources. Since we have no
      such
      arrangements or plans currently in effect, our inability to raise funds for
      a
      marketing program will have a severe negative impact on our ability to remain
      a
      viable company.





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          19 -




In
      an
      effort to meet some of the above obligations, the Company, through Karat
      Platinum, on January 30, 2008, issued a Secured Promissory Note to Continental
      Capital, LLC, in consideration for a $1,000,000 loan made to the Company. After
      the payment of fees and a prepayment of certain interest, the Company received
      net proceeds of $945,000. A portion of these proceeds, were used to repay
      certain short-term notes that became due.





Also,
      in
      January 2008, the Company sold 497 shares of Series A Convertible Preferred
      Stock to seven individuals for $497,000. A portion of these proceeds was used
      to
      pay back the loan made by a director of the Company in the amount of $100,000,
      which was due on January 31, 2008.





**Item
      3. Quantitative and Qualitative Disclosures about Market
      Risk.**





Quantitative
      and Qualitative Disclosures about Market Risk:


The
      Company is exposed to various market risks, including changes in interest rates.
      Market risk is the potential loss arising from adverse changes in market rates
      and prices, such as interest rates, commodity prices of platinum and foreign
      currency exchange rates. The Company does not enter into derivatives or other
      financial instruments for trading or speculative purposes. The Company also
      has
      not entered into financial instruments to manage and reduce the impact of
      changes in interest rates, commodity prices of platinum and foreign currency
      exchange rates, although we may enter into such transactions in the future.





Off-Balance
      Sheet Arrangements:


The
      Company has no off-balance sheet obligations nor guarantees and has not
      historically used special purpose entities for any transactions.





**Item
      4. Controls and Procedures.**





**Evaluation
      of Disclosure Controls and Procedures**


Our
      disclosure controls and procedures are designed to ensure that information
      required to be disclosed in reports that we file or submit under the Securities
      Exchange Act of 1934 is recorded, processed, summarized and reported within
      the
      time periods specified in the rules and forms of the United States Securities
      and Exchange Commission. Our principal executive and financial officers have
      reviewed the effectiveness of our “disclosure controls and procedures” (as
      defined in the Securities Exchange Act of 1934 Rules 13a-14(c) and 15d-14(c))
      within the end of the period covered by this Quarterly Report on Form 10-Q
      and
      have concluded that the disclosure controls and procedures are effective to
      ensure that material information relating to the Company is recorded, processed,
      summarized, and reported in a timely manner. There were no significant changes
      in our internal controls or in other factors that could significantly affect
      these controls subsequent to the last day they were evaluated by our principal
      executive and financial officers.





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          20 -




**Changes
      in Internal Controls over Financial Reporting**




There
      have been no changes in the Company's internal control over financial reporting
      during the last quarterly period covered by this report that have materially
      affected, or are reasonably likely to materially affect, the Company's internal
      control over financial reporting .





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          21 -


**PART
      II**


**OTHER
      INFORMATION**





**Item
      1. Legal Proceedings.**





There
      have been no changes to our legal proceedings from what has been disclosed
      in
      out Current Report on Form 8K filed on December 31, 2007.





**Item
      2. Unregistered Sales of Equity Securities and Use of Proceeds.**





Other
      than as previously disclosed in the Company’s Current Report on Form 8-K dated
      December 31, 2007 and the sale of 497 shares of Series A Convertible Preferred
      Stock, discussed above, there have been no additional unregistered sales of
      equity securities during the quarter ended December 31, 2007.





The
      above
      described issuances were both in transactions not involving a public offering
      and were issued without registration in reliance upon the exemption from
      registration pursuant to Section 4(2) under the Securities Act of 1933, as
      amended, and/or Regulation D promulgated by the Securities and Exchange
      Commission.





Purchases
      of equity securities by the issuer and affiliated purchasers.





None.





**Item
      3. Defaults Upon Senior Securities.**





None.





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





There
      was
      no matter submitted to a vote of security holders during the fiscal quarter
      ended December 31, 2007.





**Item
      5. Other Information.**





None.





**Item
      6.**  **Exhibits**





(a)
            Exhibits





31.1
            Certification
                of Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a)
                of the Securities Exchange Act, as
                amended


31.2
            Certification
                of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a)
                of the Securities Exchange Act, as amended


32.1
            Principal
                Executive Officer Certification pursuant to 18 U.S.C. Section 1350,
                as
                adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                2002


32.2
            Principal
                Financial Officer Certification 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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          22 -




**SIGNATURES**





Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized.


SENTRA
                  CONSULTING CORP.Date:
                  February 19, 2008
              By:
              /s/
                  David NeubergName:
              David
                  NeubergTitle:
              Chief
                  Executive OfficerBy:
              /s/
                  Gary M. JacobsName:
              Gary
                  M. JacobsTitle:
              Chief
                  Financial Officer and
                Chief
                  Operating Officer




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          23 -