**DRAFT
      DATED 11/8/07**





**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**




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





For
      the
      quarterly period ended September 30, 2007




**o** **TRANSITIONAL
      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.**





Nevada
            
            20-5297544(state
                or other jurisdiction of incorporation or
              organization)
            
            (I.R.S.
                Employer Identification No.)





Sentra
      Consulting Corp.


466
      Central Avenue, Suite 200


Cedarhurst,
      New York 11516


(Address
      of principal executive offices)





Phone:
      (516) 301-3939


**** (Issuer's telephone number)





Check
      whether the issuer (1) 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 mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


Yes x No o





As
      of
      November 14, 2007, 3,175,000 shares of common stock, par value $0.001 per share,
      were outstanding.





Transitional
      Small Business Disclosure Format (Check One): Yes o No x





**Table
      of Contents**





Item
            Description
            Page**PART
                I - FINANCIAL INFORMATION**
            1Item
                1.
            Financial
                Statements
            1Item
                2.
            Management's
                Discussion and Analysis or Plan of Operation
            8Item
                3.
            Control
                and Procedures
            10**PART
                II - OTHER INFORMATION**
            11Item
                1.
            Legal
                Proceedings
            11Item
                2.
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            11Item
                3.
            Defaults
                Upon Senior Securities
            11Item
                4.
            Submission
                of Matters to a Vote of Security Holders
            11Item
                5.
            Other
                Information
            11Item
                6.
            Exhibits
            11Signatures
            12







**PART
      I**


**FINANCIAL
      INFORMATION**





**Item
      1.****Financial
      Statements**


SENTRA
      CONSULTING CORP.


(A
      DEVELOPMENT STAGE COMPANY)


CONDENSED
      BALANCE SHEET


SEPTEMBER
      30, 2007


(Unaudited)





ASSETSCurrent
                Assets:Cash
            
            $
            25,045Notes
                Receivable
            
            
            1,960,000Accrued
                Interest Receivable
            
            
            48,999Total
                Current Assets
            
            
            2,034,044Total
                Assets
            
            $
            2,034,044LIABILITIES
                AND STOCKHOLDERS’ EQUITYCurrent
                Liabilities:Notes
                Payable
            
            $
            960,000Accounts
                Payable
            
            
            13,744Accrued
                Expenses
            
            
            43,062Total
                Current Liabilities
            
            
            1,016,806Commitments
                and ContingenciesStockholders’
                Equity:Preferred
                Stock, $.001 par value; 9,997,000 shares authorized, none issued
                and
                outstanding
            
            
            -Series
                A Convertible Preferred Stock, $.001 par value; 3,000 shares authorized,
                1,000 shares issued and outstanding; liquidation preference $1,000
                per
                share
            
            
            1Common
                Stock, $.001 par value; 100,000,000 shares authorized, 3,175,000
                shares
                issued and outstanding
            
            
            3,175Additional
                Paid-In Capital
            
            
            1,182,285Deficit
                Accumulated During the Development Stage
            
            
            (
                165,061
            )Deferred
                Finance Costs
            
            
            (
                3,162
            )Total
                Stockholders’ Equity
            
            
            1,017,238Total
                Liabilities and Stockholders’ Equity
            
            $
            2,034,044





The
      accompanying notes are an integral part of these financial
      statements.


1





SENTRA
      CONSULTING CORP.


(A
      DEVELOPMENT STAGE COMPANY)


CONDENSED
      STATEMENT OF OPERATIONS


(Unaudited)




For the Period
            
            
            
            
            
            For the PeriodJuly 6, 2006
            
            For the Nine
            
            For the Three
            
            July 6, 2006(Inception) To
            
            Months Ended
            
            Months Ended
            
            (Inception) ToSeptember 30, 2006
            
            September 30, 2007
            
            September 30, 2007
            
            September 30, 2007Net
                Revenues
            
            $
            -
            
            $
            -
            
            $
            -
            
            $
            -Costs
                and Expenses:Professional
                Fees
            
            
            -
            
            
            25,440
            
            
            4,181
            
            
            39,441Start
                Up Costs
            
            
            -
            
            
            3,851
            
            
            -
            
            
            5,142Other
                General and Administrative Expenses
            
            
            749
            
            
            34,117
            
            
            30,253
            
            
            34,117Total
                Costs and Expenses
            
            
            749
            
            
            63,408
            
            
            34,434
            
            
            78,700Operating
                Loss
            
            
            (749
            )
            
            (63,408
            )
            
            (34,434
            )
            
            (78,700
            )Other
                Income (Expense):Interest
                Income
            
            
            -
            
            
            48,999
            
            
            47,964
            
            
            49,000Amortization
                of Deferred Finance Costs
            
            
            -
            
            
            (92,299
            )
            
            (89,648
            )
            
            (92,299
            )Interest
                Expense
            
            
            -
            
            
            (43,062
            )
            
            (42,026
            )
            
            (43,062
            )Total
                Other Income (Expense)
            
            
            -
            
            
            (86,362
            )
            
            (83,710
            )
            
            (86,361
            )Net
                Loss
            
            $
            (749
            )
            $
            (149,770
            )
            $
            (118,144
            )
            $
            (165,061
            )Basic
                and Diluted Loss Per Share
            
            $
            (0.00
            )
            $
            (0.05
            )
            $
            (0.04
            )Weighted
                Average Basic and Diluted Shares Outstanding
            
            
            2,500,000
            
            
            3,104,416
            
            
            3,175,000




The
      accompanying notes are an integral part of these financial
      statements.


2


SENTRA
      CONSULTING CORP.


(A
      DEVELOPMENT STAGE COMPANY)


CONDENSED
      STATEMENT OF CASH FLOWS


(Unaudited)





For the Period
            
            
            
            For the PeriodJuly 6, 2006
            
            For the Nine
            
            July 6, 2006(Inception) To
            
            Months Ended
            
            (Inception) ToSeptember 30, 2006
            
            September 30, 2007
            
            September 30, 2007Cash
                Flows from Operating Activities:Net
                Loss
            
            $
            (749
            )
            $
            (149,770
            )
            $
            (165,061
            )Adjustments
                to Reconcile Net Loss to Net Cash Used in Operating
                Activities:Common
                Stock Issued for Services
            
            
            -
            
            
            15,000
            
            
            15,000Amortization
                of Deferred Finance Costs
            
            
            -
            
            
            92,299
            
            
            92,299Changes
                in Assets and Liabilities:Increase
                in Accrued Expenses
            
            
            -
            
            
            43,062
            
            
            43,062Increase
                in Accounts Payable
            
            
            749
            
            
            13,744
            
            
            13,744Net
                Cash Used in Operating Activities
            
            
            -
            
            
            14,335
            
            
            (956
            )Cash
                Flows from Investing Activities:
            
            
            -
            
            
            -
            
            
            -Cash
                Flows from Financing Activities:Proceeds
                from Borrowings
            
            
            -
            
            
            960,000
            
            
            960,000Payments
                on Issuance of Notes
            
            
            -
            
            
            (1,960,000
            )
            
            (1,960,000
            )Increase
                in Accrued Interest Receivable
            
            
            -
            
            
            (48,999
            )
            
            (48,999
            )Proceeds
                from Sale of Common Stock
            
            
            25,000
            
            
            50,000
            
            
            75,000Proceeds
                from Sale of Preferred Stock
            
            
            -
            
            
            1,000,000
            
            
            1,000,000Net
                Cash Provided by Financing Activities
            
            
            25,000
            
            
            1,001
            
            
            26,001Increase
                in Cash
            
            
            25,000
            
            
            15,336
            
            
            25,045Cash –
                Beginning of Period
            
            
            -
            
            
            9,709
            
            
            -Cash –
                End of Period
            
            $
            25,000
            
            $
            25,045
            
            $
            25,045Supplemental
                Disclosures of Cash Flow Information:Interest
                Paid
            
            $
            -
            
            $
            -
            
            $
            -Income
                Taxes Paid
            
            $
            -
            
            $
            -
            
            $
            -Supplemental
                Disclosure of Non-Cash Investing and Financing Activities:Accrual
                of Deferred Offering Costs
            
            $
            19,000
            
            $
            -
            
            $
            -Deferred
                Finance Costs Arising from Issuance of Warrants
            
            $
            -
            
            $
            85,366
            
            $
            85,366





The
      accompanying notes are an integral part of these financial
      statements.




3


SENTRA
      CONSULTING CORP.


(A
      DEVELOPMENT STAGE COMPANY)


NOTES
      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS





NOTE
      1 –  Basis
      of Presentation





In
      the
      opinion of the Company’s management, the accompanying unaudited condensed
      financial statements contain all adjustments (consisting of only normal
      recurring adjustments) necessary to present fairly the information set forth
      therein. These financial statements are condensed and therefore do not include
      all of the information and footnotes required by accounting principles generally
      accepted in the United States of America for complete financial statements.





Results
      of operations for interim periods are not necessarily indicative of the results
      of operations for a full year.





The
      Company is a development stage company and has not commenced planned principal
      operations. The Company had no revenues and incurred a net loss of $149,770
      for
      the nine months ended September 30, 2007 and a net loss of $165,061 for the
      period July 6, 2006 (inception) to September 30, 2007. These factors raise
      substantial doubt about the Company’s ability to continue as a going concern.





On
      June
      21, 2007, as amended on October 25, 2007, the Company entered into a non-binding
      letter of intent to acquire all the membership interests of Karat Platinum,
      LLC
      (“Karat Platinum”), a company which manufactures and sells a platinum alloy and
      platinum jewelry. In consideration therefore, the Company would issue to the
      members of Karat Platinum 30,000,000 shares of common stock. The closing of
      the
      transaction contemplated by the letter of intent is subject to the satisfaction
      of certain conditions, including without limitation, the execution of a mutually
      acceptable definitive agreement, the consent from the lenders to Karat Platinum
      of the transaction with the Company and/or the release of the collateral of
      Karat Platinum satisfactory to the Company, the completion of the due diligence
      investigation of both parties, and the making of loans by the Company to Karat
      Platinum in an amount of not less than $1,000,000. Karat Platinum agreed that
      it
      will not directly or indirectly solicit, negotiate, or accept any offer from
      a
      third party to acquire any of Karat Platinum’s assets or securities until
      January 31, 2008.





There
      can
      be no assurance that sufficient funds will be generated during the next year
      or
      thereafter from operations or that funds will be available from external sources
      such as debt or equity financings or other potential sources. The lack of
      additional capital could force the Company to curtail or cease operations and
      would, therefore, have a material adverse effect on its business. Furthermore,
      there can be no assurance that any such required funds, if available, will
      be
      available on attractive terms or that they will not have a significant dilutive
      effect on the Company's existing stockholders.





The
      Company is attempting to address its lack of liquidity by raising additional
      funds, either in the form of debt or equity or some combination thereof. The
      Company has raised net proceeds of approximately $50,000 through an offering
      of
      its common stock during the quarter ended March 31, 2007. There can be no
      assurances that the Company will be able to raise the additional funds it
      requires.





The
      accompanying condensed financial statements do not include any adjustments
      related to the recoverability or classification of asset-carrying amounts or
      the
      amounts and classifications of liabilities that may result should the Company
      be
      unable to continue as a going concern.





Certain
      items in these condensed financial statements have been reclassified to conform
      to the current period presentation.





NOTE
      2
      -  Notes
      Receivable





During
      the period June 22, 2007 to September 25, 2007 the Company made a series of
      loans, aggregating $1,960,000 principal, to Karat Platinum, LLC (“Karat
      Platinum”). These loans were made simultaneously with the execution of
      Promissory Notes by Karat Platinum to the Company (the “Karat Notes”). Pursuant
      to the terms of the Karat Notes, the outstanding notes totaling $960,000
      principal and accrued interest at the rate of 18% per year shall be due and
      payable at various dates between September 22, 2007 and October 16, 2007.
      Outstanding notes totaling $1,000,000 principal and accrued interest at the
      rate
      of 9% per year shall be due and payable at various dates between November 20,
      2007 and January 21, 2008. If Karat Platinum does not pay each of these Notes
      when due, interest shall accrue on the outstanding principal amount at the
      rate
      of 9% per month thereafter. Karat Platinum has the right to prepay the Notes
      without penalty or premium. Each of these loans are secured by a continuing
      lien
      and first priority security interest in all of the assets and personal property
      of Karat Platinum.


4


SENTRA
      CONSULTING CORP.


(A
      DEVELOPMENT STAGE COMPANY)


NOTES
      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS




NOTE
      3 -  Notes
      Payable





During
      the period June 22, 2007 to June 26, 2007, the Company raised an aggregate
      of
      $600,000 which was subsequently loaned to Karat Platinum (see Note 2). On each
      of June 22, 25, and 26, 2007, the Company issued promissory notes to three
      minority shareholders of the Company, in the original principal amounts
      aggregating $100,000, $50,000 and $450,000, respectively. Principal and
      interest, which accrues at 18% per year, are due and payable by the Company
      90
      days after the respective issuance dates of each of the notes. If the Company
      does not pay these amounts when due, interest shall accrue on the outstanding
      principal amount at the rate of 2% per month thereafter. The Company has the
      right to prepay the notes without penalty or premium. Each of these notes were
      initially secured by a guaranty of payment by a principal of Karat Platinum;
      this guaranty was terminated on July 11, 2007 upon the issuance by Karat
      Platinum to the Company of a continuing lien and first priority security
      interest in all of the assets of Karat Platinum (as described above). As
      additional consideration, the Company issued an aggregate of 60,000 common
      stock
      purchase warrants to such persons. Each warrant grants the holder the right
      to
      purchase one share of common stock of the Company at an exercise price of $0.50
      per share for a term of 3 years from the date of the 6 month anniversary date
      of
      the note. In connection with the issuance of the 60,000 warrants, the Company
      recorded deferred finance costs in the amount of $49,568 using the Black-Scholes
      option pricing model with the following assumptions: expected volatility
      280.24%; expected dividends 0%; expected term 3.5 years; and risk-free rate
      of
      5%. These deferred finance costs have been fully amortized over the term of
      the
      related debt. Amortization expense was $49,568 for the period ended September
      30, 2007. If the Company issues additional equity securities after the issuance
      date of the warrants for a consideration per share less than the $0.50 exercise
      price of the warrants, the exercise price of the warrants shall be reduced
      to
      such price.





During
      the period July 6, 2007 to July 10, 2007, the Company raised an aggregate of
      $360,000 which was subsequently loaned to Karat Platinum (see Note 2). The
      Company issued promissory notes, in the original principal amounts aggregating
      $360,000. Principal and interest, which accrues at 18% per year, are due and
      payable by the Company 90 days after the respective issuance dates of each
      of
      the notes. If the Company does not pay these amounts when due, interest shall
      accrue on the outstanding principal amount at the rate of 2% per month
      thereafter. The Company has the right to prepay the notes without penalty or
      premium. Each of these notes were initially secured by a guaranty of payment
      by
      a principal of Karat Platinum; this guaranty was terminated on July 11, 2007
      upon the issuance by Karat Platinum to the Company of a continuing lien and
      first priority security interest in all of the assets of Karat Platinum (as
      described above). As additional consideration, the Company issued an aggregate
      of 60,000 common stock purchase warrants to such persons. Each warrant grants
      the holder the right to purchase one share of common stock of the Company at
      an
      exercise price of $0.50 per share for a term of 3 years from the date of the
      6
      month anniversary date of the note. In connection with the issuance of the
      36,000 warrants, the Company recorded deferred finance costs in the amount
      of
      $35,798 using the Black-Scholes option pricing model with the following
      assumptions: expected volatility 280.24%; expected dividends 0%; expected term
      3.5 years; and risk-free rate of 5%. These deferred finance costs are being
      amortized over the term of the related debt. Amortization expense was $32,636
      for the quarter ended September 30, 2007. If the Company issues additional
      equity securities after the issuance date of the warrants for a consideration
      per share less than the $0.50 exercise price of the warrants, the exercise
      price
      of the warrants shall be reduced to such price.


5


SENTRA
      CONSULTING CORP.


(A
      DEVELOPMENT STAGE COMPANY)


NOTES
      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS





NOTE
      4
      -  Common
      Stock





During
      the quarter ended March 31, 2007 the Company sold 625,000 shares of common
      stock
      pursuant to its public offering for gross proceeds of $50,000.





NOTE
      5
      -  Series
      A Convertible Preferred Stock





On
      August
      20, 2007, the Company filed a Certificate of Designation with the Secretary
      of
      State of Nevada (the “Certificate”) authorizing and creating a series of 3,000
      shares of preferred stock which the Company designated as Series A Convertible
      Preferred Stock (the “Series A Preferred”).





Each
      share of Series A Preferred shall, at the option of the holder thereof, at
      any
      time and from time to time after the 90 th day a
      share of Series A Preferred is issued, 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 issued price of the Series A Preferred
      (currently $1,000) by the lower of (i) $0.50 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.





During
      the quarter ended September 30, 2007 the Company sold 1,000 shares of its newly
      designated Series A Preferred stock for gross proceeds of
      $1,000,000.





NOTE
      6
      -  Subsequent
      Events





On
      October 23, 2007, Karat Platinum and the Company executed an Amendment to the
      Secured Promissory Notes with respect to the Secured Promissory Notes (see
      Note
      2) issued by Karat Platinum to the Company on each of June 22, 2007, June 29,
      2007, July 12, 2007 and July 16, 2007. These Notes represent an aggregate
      principal balance owed to the Company of $960,000. The amendment extended the
      original maturity date of each of said Notes for ninety days, so that on
      December 19, 2007, December 26, 2007, January 10, 2008 and January 14, 2008,
      Karat Platinum will owe the Company original principal of $150,000, $450,000,
      $100,000 and $260,000, respectively, and accrued interest at the rate of 18%
      per
      year. In addition, the Company waived payment by Karat Platinum of an aggregate
      of $3,262, representing the default interest which had accrued under each of
      these Notes.


6


SENTRA
      CONSULTING CORP.


(A
      DEVELOPMENT STAGE COMPANY)


NOTES
      TO UNAUDITED CONDENSED FINANCIAL STATEMENTS





NOTE
      6
      -  Subsequent
      Events (Continued)





During
      the period October 9, 2007 to November 8, 2007 the Company lent Karat Platinum
      an aggregate of $295,000 and Karat Platinum issued a corresponding amount of
      Secured Promissory Notes to the Company. Each of these notes bear interest
      at 9%
      per annum and is due and payable with accrued interest on or before January
      31,
      2008.





On
      October 8, 2007, the Company issued a promissory note to Bonnie Septimus, the
      Company’s Treasurer, Secretary and a director, in consideration for loans
      previously made and to be made by Ms. Septimus to the Company of up to an
      aggregate of $1,500,000. Pursuant to the terms and provisions of this note,
      the
      outstanding principal and accrued interest (at the rate of 12% per annum) are
      due and payable on November 1, 2008. The Company has the right to prepay such
      note at any time without premium. As of November 8, 2007, Bonnie Septimus had
      advanced an aggregate of $800,000 to the Company. Proceeds from the loans made
      by Bonnie Septimus to the Company have been used to satisfy and cancel four
      Secured Promissory Notes issued by the Company (see Note 3) in the aggregate
      amount of $460,000 and to make additional loans to Karat Platinum (as described
      above).





At
      any
      time, Bonnie Septimus has the right to convert all or any portion of the
      outstanding principal amount and accrued interest thereon into shares of the
      Company’s newly created 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 issuance. 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 them applicable conversion rate.





As
      a
      result of this creation of the Series B Preferred to Bonnie Septimus, the
      conversion price for the Series A Preferred and the exercise price of the
      Company’s outstanding 96,000 warrants was reduced from $0.50 to $0.25 per
      share.





On
      October 23, 2007 and October 24, 2007, three noteholders holding an aggregate
      of
      $600,000 outstanding principal amounts due to them from the Company extended
      the
      maturity date of their outstanding Secured Promissory Notes to January 31,
      2008.
      As additional consideration for the extension, the Company agreed to pay each
      noteholder one percent of the principal amount of the note held by such
      noteholder. As of November 8, 2007, the Company had three such Secured
      Promissory Notes, representing an aggregate principal amount of $600,000
      outstanding.





On
      October 25, 2007 the Company sold 50 shares of Series A Convertible Preferred
      stock for $50,000.




7




**Item
      2.**  **Management’s
      Discussion and Analysis or Plan of Operations.**





As
      used
      in this Form 10-QSB, references to the “Sentra,” “Company,” ”we,” “our” or “us”
refer to Sentra Consulting Corp., unless the context otherwise
      indicates.





This
      Management’s Discussion and Analysis or Plan of Operations should be read in
      conjunction with the financial statements and the notes thereto.





**Forward-Looking
      Statements**





This
      Quarterly Report on Form 10-QSB contains forward-looking statements which relate
      to future events or our future financial performance. In some cases, you can
      identify forward-looking statements by terminology such as “may”, “should”,
“expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”,
“potential” or “continue” or the negative of these terms or other comparable
      terminology. These statements are only predictions and involve known and unknown
      risks, uncertainties and other factors that may cause our or our industry’s
      actual results, levels of activity, performance or achievements to be materially
      different from any future results, levels of activity, performance or
      achievements expressed or implied by these forward-looking
      statements.





While
      these forward-looking statements, and any assumptions upon which they are based,
      are made in good faith and reflect our current judgment regarding the direction
      of our business, actual results will almost always vary, sometimes materially,
      from any estimates, predictions, projections, assumptions or other future
      performance suggested herein. Except as required by applicable law, including
      the securities laws of the United States, we do not intend to update any of
      the
      forward-looking statements to conform these statements to actual results.





**Overview**





We
      were
      incorporated on July 6, 2006 under the laws of the state of Nevada with the
      primary objective of becoming involved in the consulting business. We are a
      development stage company and have not generated any revenue to date. We
      currently have no employees other than our officers, who are also our
      directors.





Although
      our initial intention was to focus on becoming involved in business consulting,
      on June 21, 2007, we entered into a non-binding letter of intent (the “Letter of
      Intent”) to acquire all the membership interests of Karat Platinum, LLC (“Karat
      Platinum”), a company which manufactures and sells a platinum alloy and platinum
      jewelry. If we consummate such acquisition, we will then be involved in the
      business of Karat Platinum and cease our plans to become involved in business
      consulting. If we do not consummate such acquisition, we will continue with
      our
      plans to engage in business consulting.




Pursuant
      to the Letter of Intent, as amended, we would purchase all the outstanding
      membership interests of Karat Platinum from its members. In consideration
      therefore, we would issue to the members of Karat Platinum 30,000,000 shares
      of
      our common stock and 800,000 common stock purchase warrants to a previous lender
      of Karat Platinum. The warrants provide the holder thereof the right to purchase
      one share of common stock of the Company for $0.01 and expire 10 years after
      the
      issuance thereof. The closing of the transaction contemplated by the Letter
      of
      Intent is subject to the satisfaction of certain conditions, including without
      limitation, the execution of a mutually acceptable definitive agreement, the
      consent from the lenders to Karat Platinum of the transaction with the Company
      and/or the release of the collateral of Karat Platinum satisfactory to the
      Company, the completion of the due diligence investigation of both parties,
      the
      making of loans by the Company to Karat Platinum in an amount of not less than
      $1,000,000, the delivery of any required consents from third parties and the
      delivery of audited financial statements of Karat Platinum. If there is a
      closing, each of the Company and Karat Platinum will have the right to appoint
      2
      members to the Board of Directors of the Company and said members shall appoint
      a fifth member.


8




Pursuant
      to the terms of the Letter of Intent, as amended on October 25, 2007, Karat
      Platinum agreed that it will not directly or indirectly solicit, negotiate,
      or
      accept any offer from a third party to acquire any of Karat Platinum’s assets or
      securities until January 31, 2008.





To
      raise
      the funds required to make such loans and to advance Karat Platinum funds needed
      for their current operations, between
      June 22, 2007 and July 10, 2007, we raised $960,000 through the issuance of
      secured promissory notes, which
      was
      subsequently loaned to Karat Platinum, as described below. These
      promissory notes were secured by all of the assets of Karat Platinum. As
      addition consideration, we issued an aggregate of 96,000 stock purchase warrants
      to such noteholders.





On
      October 8, 2007, the Company issued a promissory note to Bonnie Septimus, the
      Company’s Treasurer, Secretary and a director, in consideration for loans made
      and to be made by Ms. Septimus to the Company of up to an aggregate of
      $1,500,000. As of November 14, 2007, Bonnie Septimus had advanced an aggregate
      of $800,000 to the Company. Proceeds from the loans made by Bonnie Septimus
      to
      the Company have been used to satisfy and cancel four Secured Promissory Notes
      issued by the Company in the aggregate amount of $360,000 and to make additional
      loans to Karat Platinum. Pursuant to the promissory note, at any time, Bonnie
      Septimus 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 (the “Series B Preferred”).




On
      October 23, 2007 and October 24, 2007, three noteholders, holding an aggregate
      of $600,000 outstanding principal amounts due to them from the Company, extended
      the maturity date of their outstanding Secured Promissory Notes to January
      31,
      2008. As additional consideration for the extension, the Company agreed to
      pay
      each noteholder one percent of the principal amount of the note held by such
      noteholder. As of November 14, 2007, the Company had three such Secured
      Promissory Notes, representing an aggregate principal amount of $600,000
      outstanding.





In
      addition, between August 20, 2007 to October 29, 2007, the Company accepted
      subscriptions for Series A Convertible Preferred Stock (“Series A Preferred”)
      from 4 accredited investors, for an aggregate of 1,050 shares of Series A
      Preferred stock. The purchase price paid to the Company for such shares was
      $1,000 per share, amounting in the aggregate to $1,050,000. As
      a
      result of the issuance of the Series B Preferred to Bonnie Septimus, the
      conversion price for the Series A Preferred and the exercise price of the
      Company’s outstanding 96,000 warrants described above was reduced from $0.50 to
      $0.25 per share.





As
      disclosed in the Company’s Current Reports on Form 8-K filed with the Securities
      and Exchange Commission (“SEC”) on June 28, 2007, July 2, 2007, July 17, 2007,
      August 24, 2007, and October 29, 2007, respectively, we have been using the
      proceeds raised from the issuance of the promissory notes, warrants, Series
      A
      Preferred stock, and loans from Bonnie Septimus, discussed herein, for the
      purpose of making the series of loans to Karat Platinum. As
      of
      September 30, 2007, the Company had loaned Karat Platinum an aggregate of
      $1,960,000. Thereafter, between October 9, 2007 and November 8, 2007, we loaned
      an additional $295,000 to Karat Platinum. Accordingly, as of November 14, 2007,
      the Company loaned Karat Platinum an aggregate of $2,255,000.





**Plan
      of Operation**





We
      have
      not had any revenues since our inception on July 6, 2006. Within the next twelve
      months, we intend to focus on completing acquisition of Karat Platinum. If
      we do
      not consummate such acquisition, then we will proceed with our plans to become
      engaged in business consulting.


9





**Liquidity
      and Capital Resources**





As
      of
      September 30, 2007, we had $25,045 in cash. During the quarter ended September
      30, 2007, the Company had loaned Karat Platinum an aggregate of $1,360,000.
      If
      we close the transaction with Karat Platinum, we expect to incur a minimum
      of
      $6,000,000 in expenses over the next twelve months of operations, as said amount
      is the current operating expenses of Karat Platinum. We anticipate that these
      expenses will consist of operating, administrative and professional expenses
      in
      running Karat Platinum’s business.





If
      we are
      unable to close the transaction with Karat Platinum, we expect to incur a
      minimum of $50,000 in expenses during the next twelve months of operations.
      We
      estimate that this will be comprised of the following expenses: $3,000 in
      website development; and $20,000 in other marketing expenses. Additionally,
      $27,000 will be needed for general overhead expenses such as for salaries,
      corporate legal and accounting fees, office overhead and general working
      capital.





Over
      the
      next twelve months, we will also be required to repay at least $600,000,
      excluding interest, to the holders of promissory notes that we have previously
      issued. In addition, as of November 14, 2007, we owe $800,000, excluding
      interest, to Bonnie Septimus, an officer and director of the Company, for loans
      issued to the Company. Such amount will be due and payable within twelve months,
      unless such debt is converted into shares of Series B Preferred stock, as
      discussed above.





We
      will
      have to raise funds to pay for our expenses. We may have to borrow money from
      shareholders or issue debt or equity or enter into an arrangement with a bank
      or
      third party. The
      Company currently has no agreements, arrangements or understandings with any
      person to obtain funds through bank loans, lines of credit or any other sources. There
      can
      be no assurance that additional capital will be available to us. Our inability
      to raise funds will have a severe negative impact on our ability to remain
      a
      viable company.




**Going
      Concern Consideration**





The
      Company is a development stage company and has not commenced planned principal
      operations. The Company had no revenues and incurred a net loss of $118,144
      for
      the quarter ended September 30, 2007 and a net loss of $165,061 for the period
      July 6, 2006 (inception) to September 30, 2007. These factors raise substantial
      doubt about the Company’s ability to continue as a going concern.





The
      financial statements contained herein for the period ending September 30, 2007,
      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 our
      financial statements included herein, there is a significant risk that we will
      be unable to continue as a going concern. Our audited financial statements
      included in our Registration Statement on Form SB-2 (Registration No.
      333-144943) for the period ending December 31, 2006, contain additional note
      disclosures describing the circumstances that lead to this disclosure by our
      independent auditors.





**Off-Balance
      Sheet Arrangements**





We
      have
      no off-balance sheet arrangements.





**Item
      3. 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-QSB
      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.


10





**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.





**PART
      II**


**OTHER
      INFORMATION**





**Item
      1.**  **Legal
      Proceedings.**





There
      are
      no pending legal proceedings to which the Company is a party or in which any
      director, officer or affiliate of the Company, any owner of record or
      beneficially of more than 5% of any class of voting securities of the Company,
      or security holder is a party adverse to the Company or has a material interest
      adverse to the Company. The Company’s property is not the subject of any pending
      legal proceedings.





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





Other
      than as previously disclosed in the Company’s Current Reports on Form 8-K dated
      August 24, 2007 and October 29, 2007, there have been no additional unregistered
      sales of equity securities during the quarter ended September 30,
      2007.





**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 September 30, 2007.





**Item
      5. Other Information.**





None.





**Item
      6. Exhibits**





Exhibit
              No.
            
            Description31.1
            
            Rule
                13a-14(a)/15d14(a) Certification of Philip Septimus (Attached
                Hereto)31.2
            
            Rule
                13a-14(a)/15d14(a) Certification of Bonnie Septimus (Attached
                Hereto)32.1
            
            Section
                1350 Certifications (Attached
                Hereto)


11





**SIGNATURES**




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





Dated:
      November 14, 2007





SENTRA
                CONSULTING CORP.By:
            /s/
                Philip SeptimusName:
            Philip
                SeptimusTitle:
            President
                and Director(Principal
                Executive Officer)By:
            /s/
                Bonnie SeptimusName:
            Bonnie
                SeptimusTitle:
            Treasurer,
                Secretary, and Director
              (Principal
                Financial and Accounting Officer)




12