<PAGE>


                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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 JULY 31, 2007

         OR

[ ]      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: 333-135225

                           GREEN IRONS HOLDINGS CORP.
             (Exact name of registrant as specified in its charter)

                                     Nevada
         (State of other jurisdiction of incorporation or organization)

                                   98-0489669
                      (IRS Employer Identification Number)

                            PO Box 561, Harbour Gates
                    Providenciales, Turks and Caicos Islands
                    (Address of principal executive offices)

                                 (649) 342-1526
              (Registrant's telephone number, including area code)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [X] No [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: September 15, 2007: 5,888,950 common
shares outstanding.

Transitional Small Business Disclosure Format (Check one):     Yes [ ]    No [X]

<PAGE>

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

              The accompanying unaudited interim financial statements of Green
              Irons Holdings Corporation ("Green Irons") have been prepared in
              accordance with accounting principles generally accepted in the
              United States of America and the rules of the Securities and
              Exchange Commission ("SEC"), and should be read in conjunction
              with the audited financial statements and notes thereto contained
              in Green Irons' Form 10-KSB filing with the SEC. In the opinion of
              management, all adjustments, consisting of normal recurring
              adjustments, necessary for a fair presentation of financial
              position and the results of operations for the interim periods are
              not necessarily indicative of the results that may be expected for
              the full year. Notes to the financial statements that would
              substantially duplicate the disclosure contained in the audited
              financial statements for fiscal 2007 as reported as reported in
              the Form 10-KSB filing with the SEC have been omitted.


<PAGE>

                        GREEN IRONS HOLDINGS CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

                        JULY 31, 2007 AND APRIL 30, 2007


<PAGE>

<TABLE>
<S>     <C>
                        GREEN IRONS HOLDINGS CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                                 Balance Sheets


                                     ASSETS
                                     ------

                                                           July 31,    April 30,
                                                            2007         2007
                                                           --------    --------
                                                         (Unaudited)
CURRENT ASSETS

   Cash                                                    $ 69,618    $ 89,052
                                                           --------    --------

     Total Current Assets                                    69,618      89,052
                                                           --------    --------

TOTAL ASSETS                                               $ 69,618    $ 89,052
                                                           ========    ========


                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

                                                           July 31,    April 30,
                                                            2007         2007
                                                           --------    --------
                                                         (Unaudited)
CURRENT LIABILITIES

   Accounts payable                                        $  2,847    $  1,685
   Notes payable- related party (Note 2)                     34,413      34,413
                                                           --------    --------

     Total Current Liabilities                               37,260      36,098
                                                           --------    --------

TOTAL LIABILITIES                                            37,260      36,098
                                                           --------    --------

STOCKHOLDERS' EQUITY

   Common stock, $0.001 par value, 100,000,000 shares
    authorized, 5,888,950 and 5,888,950 shares issued
    and outstanding, respectively                             5,889       5,889
   Additional paid-in capital                                98,716      95,452
   Deficit accumulated during the development stage         (72,247)    (48,387)
                                                           --------    --------

     Total Stockholders' Equity                              32,358      52,954
                                                           --------    --------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                 $ 69,618    $ 89,052
                                                           ========    ========

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


                                       2
<PAGE>

                        GREEN IRONS HOLDINGS CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                            Statements of Operations
                                   (Unaudited)


                                      For the Three Months Ended  From Inception
                                                July 31,            on March 29,
                                      --------------------------   2006, through
                                         2007            2006      July 31, 2007
                                      -----------    -----------    -----------

REVENUE                               $        --    $        --    $        --
                                      -----------    -----------    -----------

EXPENSES

   Professional and legal fees             20,493          6,166         54,112
   Salary and wages                         2,404             --         12,020
   General and administrative                  49             96          2,837
                                      -----------    -----------    -----------

      Total Expenses                       22,946          6,262         68,969
                                      -----------    -----------    -----------

OPERATING LOSS                            (22,946)        (6,262)       (68,969)
                                      -----------    -----------    -----------

OTHER EXPENSES

   Interest expense                          (914)            --         (3,278)
                                      -----------    -----------    -----------

      Total Other Expenses                   (914)            --         (3,278)
                                      -----------    -----------    -----------

LOSS BEFORE INCOME TAX EXPENSE            (23,860)        (6,262)       (72,247)

   Income tax expense                          --             --             --
                                      -----------    -----------    -----------

NET LOSS                              $   (23,860)   $    (6,262)   $   (72,247)
                                      ===========    ===========    ===========

BASIC AND FULLY DILUTED LOSS PER
   SHARE                              $     (0.00)   $     (0.00)
                                      ===========    ===========

WEIGHTED AVERAGE NUMBER OF SHARES
   OUTSTANDING                          5,888,950      5,000,000
                                      ===========    ===========


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


                                       3
<PAGE>

                        GREEN IRONS HOLDINGS CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                  Statements of Stockholders' Equity (Deficit)

                                                                            Deficit
                                                                          Accumulated
                                          Common Stock                     During the
                                      ---------------------    Paid-in    Development
                                        Shares     Amount      Capital       Stage
                                      ---------   ---------   ---------    ---------

Balance, March 29, 2006                      --   $      --   $      --    $      --
  (inception)

Common stock issued for cash
  At $0.0001 per share                5,000,000       5,000      (4,500)          --

Net loss for the period ended
  April 30, 2006                             --          --          --       (2,040)
                                      ---------   ---------   ---------    ---------
Balance, April 30, 2006               5,000,000       5,000      (4,500)      (2,040)

Contribution of imputed interest
  on notes payable - related party           --          --       2,330           --

Contribution of salaries
  - related party                            --          --       9,616           --

Common stock issued for cash
  At $0.10 per share                    888,950         889      88,006           --

Net loss for the year ended
  April 30, 2007                             --          --          --      (46,347)
                                      ---------   ---------   ---------    ---------

Balance, April 30, 2007               5,888,950       5,889      95,452      (48,387)

Contribution of imputed interest
  on notes payable - related
  party (unaudited)                          --          --         860           --

Contribution of salaries
  - related party (unaudited)                --          --       2,404           --

Net loss for the three months
  ended July 31, 2007
  (unaudited)                                --          --          --      (23,860)
                                      ---------   ---------   ---------    ---------

Balance, July 31, 2007
  (unaudited)                         5,888,950   $   5,889   $  98,716    $ (72,247)
                                      =========   =========   =========    =========


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

                                       4
<PAGE>

                                GREEN IRONS HOLDINGS CORPORATION
                                  (A DEVELOPMENT STAGE COMPANY)
                                    Statements of Cash Flows
                                           (Unaudited)

                                              For the Three Months Ended    From Inception
                                                       July 31,              on March 29,
                                              --------------------------     2006, through
                                                 2007            2006        July 31, 2007
                                              ----------      ----------      -----------
CASH FLOWS FROM OPERATING ACTIVITIES

   Net loss                                   $  (23,860)     $   (6,262)     $   (72,247)
   Adjustments to reconcile net loss to
     net cash used by operating activities:
   Contribution of imputed interest on
     notes payable - related party                   860              --            3,190
   Contribution of salaries -
     related party                                 2,404              --           12,020
   Changes in assets and liabilities:
   (Increase) decrease in prepaid
     assets                                           --           3,130               --
   Increase (decrease) in accounts
     payable                                       1,162              36            2,847
                                              ----------      ----------      -----------

   Net Cash Used by Operating
     Activities                                  (19,434)         (3,096)         (54,190)
                                              ----------      ----------      -----------

   CASH FLOWS FROM INVESTING ACTIVITIES               --              --               --
                                              ----------      ----------      -----------

   CASH FLOWS FROM FINANCING ACTIVITIES

   Proceeds from issuance of stock                    --              --           89,395
   Proceeds from related party notes                  --           3,000           34,413
                                              ----------      ----------      -----------

   Net Cash Provided by Financing
     Activities                                       --           3,000          123,808
                                              ----------      ----------      -----------

   INCREASE (DECREASE) IN CASH                   (19,434)            (96)          69,618

   CASH AT BEGINNING OF PERIOD                    89,052             494               --
                                              ----------      ----------      -----------

   CASH AT END OF PERIOD                      $   69,618      $      398      $    69,618
                                              ==========      ==========      ===========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:

CASH PAID FOR:

Interest                                      $       53      $       --      $        71
Income tax                                    $       --      $       --      $        --



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

                                               5
</TABLE>
<PAGE>

                        GREEN IRONS HOLDINGS CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                        Notes to the Financial Statements
                        July 31, 2007 and April 30, 2007

NOTE 1 -      BASIS OF FINANCIAL STATEMENT PRESENTATION

              The financial statements presented are those of Green Irons
              Holdings Corporation (the Company). The accompanying unaudited
              financial statements have been prepared by the Company pursuant to
              the rules and regulations of the Securities and Exchange
              Commission. 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 in accordance with such
              rules and regulations. The information furnished in the interim
              financial statements includes normal recurring adjustments and
              reflects all adjustments, which, in the opinion of management, are
              necessary for a fair presentation of such financial statements.
              Although management believes the disclosures and information
              presented are adequate to make the information not misleading, it
              is suggested that these interim financial statements be read in
              conjunction with the Company's most recent audited financial
              statements. Operating results for the three months ended July 31,
              2007 are not necessarily indicative of the results that may be
              expected for the year ending April 30, 2008.

NOTE 2 -      RELATED PARTY TRANSACTIONS

              Salaries
              --------

              On July 31, 2007, the Company's two officers and directors
              contributed a total of $2,404 of accrued salaries to capital,
              which represents each having 50 hours worked during the quarter at
              an annual salary of $50,000.

              Accounts and Notes Payable
              --------------------------

              As of July 31, 2007, the Company had notes payable to an officer
              totaling $34,413. The notes are unsecured, due upon demand and
              have been imputing interest at the rate of 10% per annum. At July
              31, 2007, the officer elected to contribute $860 of interest
              imputed during the quarter to capital.

NOTE 3 -      GOING CONCERN

              The Company's financial statements are prepared using accounting
              principles generally accepted in the United States of America
              applicable to a going concern that contemplates the realization of
              assets and liquidation of liabilities in the normal course of
              business. However, the Company does not have significant cash or
              other material assets, nor does it have an established source of
              revenues sufficient to cover its operating costs. Additionally,
              the Company has accumulated significant losses, has negative
              working capital, and a deficit in stockholders' equity. All of
              these items raise substantial doubt about its ability to continue
              as a going concern.

              Management's plans with respect to alleviating the adverse
              financial conditions that caused shareholders to express
              substantial doubt about the Company's ability to continue as a
              going concern are as follows:


                                       6
<PAGE>

                        GREEN IRONS HOLDINGS CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                        Notes to the Financial Statements
                        July 31, 2007 and April 30, 2007

NOTE 3 -      GOING CONCERN (CONTINUED)

              The Company's current assets are not deemed to be sufficient to
              fund ongoing expenses related to the start up of planned principal
              operations. If the Company is not successful in the start up of
              business operations which produce positive cash flows from
              operations, the Company may be forced to raise additional equity
              or debt financing to fund its ongoing obligations and cease doing
              business.

              Management believes that the Company will be able to operate for
              the coming year by obtaining additional loans from Mr. Couvell, an
              officer of the Company and from proceeds raised from an offering
              of its common stock. However there can be no assurances that
              management's plans will be successful. If additional funds are
              raised through the issuance of equity securities, the percentage
              ownership of the Company's then-current stockholders would be
              diluted. If additional funds are raised through the issuance of
              debt securities, the Company will incur interest charges until the
              related debt is paid off.

              The ability of the Company to continue as a going concern is
              dependent upon its ability to successfully accomplish the plan
              described in the preceding paragraph and eventually attain
              profitable operations. The accompanying financial statements do
              not include any adjustments that might be necessary if the Company
              is unable to continue as a going concern.


                                       7
<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion of the financial condition and results of operations of
the Company should be read in conjunction with the financial statements and the
related notes thereto included elsewhere in this quarterly report for the period
ended July 31, 2007. This quarterly report contains certain forward-looking
statements and the Company's future operating results could differ materially
from those discussed herein. Certain statements contained in this Report,
including, without limitation, statements containing the words "believes",
"anticipates," "expects" and the like, constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Given
these uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements. The Company disclaims any obligation to update any
such factors or to announce publicly the results of any revisions of the
forward-looking statements contained or incorporated by reference herein to
reflect future events or developments.

The Company was incorporated in the State of Nevada on March 29, 2006. The
Company remains in the development stage of its business which is expected to
include: (1) providing golf lessons and excursions to individuals, companies,
and tourists in Vancouver, British Columbia, and Providenciales, Turks & Caicos
Islands. "Excursions" refers to a customer playing one or more holes of golf
with an instructor; and (2) creating, developing, and selling, golf
instructional videos to our customers and other interested parties. The Company
owns the rights to an interest domain name through which it intends to market
its services.

We have been a development stage corporation since inception and have not
commenced operations nor generated or realized any revenues from our business
operations. The ability of the Company to emerge from the development stage with
respect to its planned principal operations is dependent upon its ability to
secure market acceptance of its business plan and to generate sufficient revenue
through operations and/or raise additional funds. There is no guarantee that the
Company will be able to complete any of the above objectives and, even if it
does accomplish certain objectives, there is no guarantee that the Company will
attain profitability. These factors raise substantial doubt regarding the
Company's ability to continue as a going concern. In their report letter dated
August 6, 2007, our auditors issued a going concern opinion. This means that our
auditors believe that there is substantial doubt as to whether we can continue
as an on-going business. The financial statements do not include any adjustments
to reflect the possible future effect on the recoverability and classification
of the assets or the amounts and classification of liabilities that may result
from the outcome of this uncertainty.

The Company is in the development stage and will continue to be in the
development stage until it generates sufficient revenue from its business
operations. To date, the Company has not generated any revenues. Management is
currently devoting much of its time to developing a market for its business and
considering other avenues of obtaining funds. At July 31, 2007, the Company had
$69,618 in cash and $37,260 in liabilities. In the event that the Company
proceeds with implementing its planned activities, then we anticipate that cash
reserves will be exhausted within approximately four to six months if sufficient
revenue is not generated during this time. For the company to remain in business
for more than three to six months, we believe that we will need to raise
additional funds through loans and/or equity financing. If we need additional
cash and cannot raise it then we will either have to suspend operations until we
do raise the cash or cease operations entirely. If we need additional funds,
then we will need to find alternative sources, such as a second public offering,
a private placement of securities, or loans from our officers or others in order
for us to maintain our operations. Other than as described in this paragraph, we
have no other financing plans and have not made any arrangements to raise
additional cash.

                                       8
<PAGE>

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

Since inception on March 29, 2006, the purpose of our Company has been to
provide golf lessons and excursions to individuals, companies, and tourists in
Vancouver, British Columbia, and Providenciales, Turks & Caicos Islands.
"Excursions" refers to a customer playing one or more holes of golf with an
instructor; and (2) create, develop, and sell golf instructional videos to our
customers and other interested parties. Our principal capital resources have
been acquired through issuance of common stock.

On November 30, 2006, the Securities and Exchange Commission issued an order
declaring our SB-2 Registration Statement effective pursuant to section 8(a) of
the Securities Act of 1933, as amended.

On April 17, 2007, we completed our public offering by raising $88,950. We sold
888,950 shares of our common stock at an offering price of ten cents per share.

On August 27, 2007, subsequent to submission of information pursuant to NASD
Rule 6640 and Rule 15c2-11 under the Securities Exchange Act of 1934, we
received approval from the Financial Industry Regulatory Authority for an
unpriced quotation of our common stock on the OTC Bulletin Board and Pink
Sheets. We were assigned the ticker symbol GIHO.

At July 31, 2007, we had positive working capital of $32,358 compared to
positive working capital of $52,954, at April 30, 2007. This decrease in working
capital is primarily the result of payment of professional and administrative
fees.

At July 31, 2007, our Company had total assets of $69,618 consisting of cash,
which compares with our Company's total assets at April 30, 2007, of $89,052
consisting of cash. This change is the result of payment of professional and
administrative fees.

At July 31, 2007, our Company's total liabilities were $37,260. Our total
liabilities at April 30, 2007, were $36,098, which includes the amount of
$34,413 representing the balance owed on a related party loan and interest
expense.

Our Company has not had revenues since inception. Until the Company commences
business operations, it anticipates surviving with its current cash reserves and
if possible, from shareholder loans and/or funding from sales of its securities.

Our Company has no long-term debt and does not regard long-term borrowing as a
good, prospective source of financing.

We have not conducted any product research or development. We do not expect to
purchase or sell any significant equipment nor do we expect any significant
changes in the number of our employees.

RESULTS OF OPERATIONS

Our Company posted a loss of $23,860 for the three months ending July 31, 2007.
The principal components of the loss were administration and professional fees.
Operating expenses for the three months ending July 31, 2007, were $22,946,
compared to operating expenses of $43,982 for the year ending April 30, 2007.

ITEM 3.  CONTROLS AND PROCEDURES

We maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in the Company's Securities Exchange Act of
1934 reports is recorded, processed, summarized and reported within the time
periods specified in the SEC's rules and forms, and that such information is
accumulated and communicated to the Company's management, including its Chief
Executive Officer and Chief Financial Officer, as appropriate, to allow timely
decisions regarding required disclosure.

Our management carried out an evaluation, under the supervision and with the
participation of the Company's management, including the Company's Chief
Executive Officer and Chief Financial Officer, of the effectiveness of the
design and operation of the Company's disclosure controls and procedures
pursuant to Exchange Act Rule 13a-15(e). Based upon the foregoing, the Company's
Chief Executive Officer and Chief Financial Officer concluded that the Company's
disclosure controls and procedures are effective in connection with the filing
of this Quarterly Report on Form 10-QSB for the quarter ended July 31, 2007.

There were no significant changes in the Company's internal controls or in other
factors that could significantly affect these controls subsequent to the date of
their evaluation, including any significant deficiencies or material weaknesses
of internal controls that would require corrective action.

                                       9
<PAGE>

PART II.  OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

(a) Reports on Form 8-K

No reports on Form 8-K were filed during the quarter for which this report is
filed.

(b) Exhibits

31.1               Certification of Principal Executive Officer and
                   Principal Financial Officer pursuant to Rule
                   13a-15(e) and 15d-15(e), promulgated under the
                   Securities and Exchange Act of 1934, as amended.

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


SIGNATURES

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


                                     GREEN IRONS HOLDINGS CORP.
                                     (Registrant)



Date:  September 27, 2007            By:  /s/ Andrew Couvell
                                          --------------------------------------
                                          Andrew Couvell
                                          President, Chief Executive Officer,
                                          Chief Financial Officer, and Principal
                                          Accounting Officer


                                       10