FORM
10-Q


U.S.
SECURITIES AND EXCHANGE COMMISSION


Washington,
D.C. 20549





x
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE


SECURITIES
EXCHANGE ACT OF 1934





For the
quarterly period ended September 30, 2010





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 000-51982





SRKP 10,
Inc.


(Exact
name of registrant as specified in its charter)





Delaware
              
              20-4062620(State
      or other jurisdiction
              
              (I.R.S.
      Employer Identification Number)of
      incorporation or organization)





4737 North Ocean Drive,
Suite 207, Lauderdale by the Sea, FL 33308


(Address
of principal executive offices)





(310)
203-2902


(Registrant’s
telephone number, including area code)





No
change


(Former
name, former address and former fiscal year, if changed since last
report)





Indicate by check mark 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 preceding 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 has submitted electronically and posted on
its corporate website, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files). Yes  ̈ No  ̈





Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, or a
non-accelerated file.  See definition of accelerated filer and large
accelerated filer in Rule 12b-2 of the Exchange Act. (Check one):





Large
      accelerated filer
                 ̈
                Accelerated
      filer
                 ̈Non-accelerated
      filer
                 ̈
                Smaller reporting company
                x.(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 x No  ̈.





APPLICABLE
ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING


THE
PRECEDING FIVE YEARS:





Indicate by check mark whether the
registrant has filed all documents and reports required to be filed by Sections
12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the
distribution of securities under a plan confirmed by a court. Yes  ̈ No  ̈.





APPLICABLE
ONLY TO CORPORATE ISSUERS





Indicate
the number of shares outstanding of each of the issuer’s classes of common
stock, as of the latest practicable date: 3,857,150 shares of common stock, par
value $.0001 per share, outstanding as of November 9, 2010.








SRKP
10, INC.





-
INDEX -





PagePART
      I – FINANCIAL INFORMATION:Item
      1.
                            Financial
      Statements:
                            
                            1Balance
      Sheets as of September 30, 2010 (Unaudited) and December 31,
      2009
                            
                            2Statements
      of Operations (Unaudited) for the Three and Nine Months Ended September
      30, 2010 and September 30, 2009 and for the Cumulative Period from January
      3, 2006 (Inception) to September 30, 2010
                            
                            3Statements
      of Cash Flows (Unaudited) for the Nine Months Ended September 30, 2010 and
      September 30, 2009 and for the Cumulative Period from January 3, 2006
      (Inception) to September 30, 2010
                            
                            4Notes
      to Financial Statements
                            
                            5Item
      2.
                            Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations
                            
                            8Item
      3.
                            Quantitative
      and Qualitative Disclosures About Market Risk
                            
                            11Item
      4.
                            Controls
      and Procedures
                            
                            11PART II – OTHER
      INFORMATION:Item
      1.
                            Legal
      Proceedings
                            
                            11Item
      1A.
                            Risk
      Factors
                            
                            11Item
      2.
                            Unregistered
      Sales of Equity Securities and Use of Proceeds
                            
                            12Item
      3.
                            Defaults
      Upon Senior Securities
                            
                            12Item
      4.
                            Removed
      and Reserved
                            
                            12Item
      5.
                            Other
      Information
                            
                            12Item
      6.
                            Exhibits
                            
                            12Signatures
                            
                            13










PART I – FINANCIAL
INFORMATION





Item
1.  Financial Statements.





The
accompanying financial statements have been prepared in accordance with
generally accepted accounting principles for interim financial information and
in accordance with the instructions for Form 10-Q.  Accordingly, they
do not include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements.





In the
opinion of management, the financial statements contain all material
adjustments, consisting only of normal recurring adjustments necessary to
present fairly the financial condition, results of operations, and cash flows of
the Company for the interim periods presented.





The
results for the period ended September 30, 2010 are not necessarily indicative
of the results of operations for the full year. These financial statements and
related footnotes should be read in conjunction with the financial statements
and footnotes thereto included in the Company’s Form 10-K filed with the
Securities and Exchange Commission for the period ended December 31,
2009.


1





SRKP
10, INC.


(A
Development Stage Company)


BALANCE
SHEETS





September 30,
                
                
                December 31,2010
                
                
                2009(Unaudited)ASSETSCURRENT
      ASSETS:Cash
                
                $
                22,652
                
                
                $
                19,028LIABILITIES
      AND STOCKHOLDERS' EQUITY (DEFICIT)CURRENT
      LIABILITIES:Due
      to Stockholders
                
                $
                158,000
                
                
                $
                128,000COMMITMENTS
      AND CONTINGENCIESSTOCKHOLDERS'
      EQUITY (DEFICIT):Preferred
      stock, $.0001 par value 10,000,000 shares authorized, none
      issued
                
                
                —
                
                
                
                —Common
      stock, $.0001 par value 100,000,000 shares authorized, 3,857,150 issued
      and outstanding, respectively
                
                
                386
                
                
                
                386Additional
      paid-in capital
                
                
                4,253
                
                
                
                4,253(Deficit)
      accumulated during development stage
                
                
                (139,987
                )
                
                
                (113,611
                )Total
      Stockholders' Equity (Deficit)
                
                
                (135,348
                )
                
                
                (108,972
                )$
                22,652
                
                
                $
                19,028





SEE
ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS


2





SRKP
10, INC.


(A
Development Stage Company)


STATEMENTS
OF OPERATIONS


(Unaudited)





Cumulative fromThree Months
                  
                  
                  Three Months
                  
                  
                  Nine Months
                  
                  
                  Nine Months
                  
                  
                  January 3, 2006Ended
                  
                  
                  Ended
                  
                  
                  Ended
                  
                  
                  Ended
                  
                  
                  (Inception) toSeptember 30, 2010
                  
                  
                  September 30, 2009
                  
                  
                  September 30, 2010
                  
                  
                  September 30, 2009
                  
                  
                  September 30, 2010REVENUE
                  
                  $
                  —
                  
                  
                  $
                  —
                  
                  
                  $
                  —
                  
                  
                  $
                  —
                  
                  
                  $
                  —EXPENSES
                  
                  
                  12,620
                  
                  
                  
                  12,905
                  
                  
                  
                  26,376
                  
                  
                  
                  20,757
                  
                  
                  
                  139,987NET
      (LOSS)
                  
                  $
                  (12,620
                  )
                  
                  $
                  (12,905
                  )
                  
                  $
                  (26,376
                  )
                  
                  $
                  (20,757
                  )
                  
                  $
                  (139,987
                  )NET
      (LOSS) PER COMMON SHARE-BASIC
                  
                  
                  *
                  
                  
                  
                  *
                  
                  
                  $
                  0.01
                  
                  
                  $
                  0.01WEIGHTED
      AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
                  
                  
                  3,857,150
                  
                  
                  
                  3,857,150
                  
                  
                  
                  3,857,150
                  
                  
                  
                  3,857,150





*
Less than $.01




SEE
ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS


3





SRKP
10, INC.


(A
Development Stage Company)


STATEMENTS
OF CASH FLOWS


(Unaudited)





Cumulative fromNine Months
                        
                        
                        Nine Months
                        
                        
                        January 3, 2006Ended
                        
                        
                        Ended
                        
                        
                        (Inception) toSeptember 30, 2010
                        
                        
                        September 30, 2009
                        
                        
                        September 30, 2010CASH
      FLOWS (TO) OPERATING ACTIVITIES:Net
      (loss)
                        
                        $
                        (26,376
                        )
                        
                        $
                        (20,757
                        )
                        
                        $
                        (139,987
                        )Net
      Cash (Used In) Operating Activities
                        
                        
                        (26,376
                        )
                        
                        
                        (20,757
                        )
                        
                        
                        (139,987
                        )CASH
      FLOWS FROM (TO) FINANCING ACTIVITIES:Common
      stock issued for cash
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        3,204Warrants
      issued for cash
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        1,543Advances
      from Stockholders
                        
                        
                        30,000
                        
                        
                        
                        30,000
                        
                        
                        
                        158,000Repurchase
      of common stock for cash
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        (108
                        )Net
      Cash Provided by Financing Activities
                        
                        
                        30,000
                        
                        
                        
                        30,000
                        
                        
                        
                        162,639NET
      INCREASE IN CASH AND CASH EQUIVALENTS:
                        
                        
                        3,624
                        
                        
                        
                        9,243
                        
                        
                        
                        22,652CASH
      AND CASH EQUIVALENTS, BEGINNINGOF
      PERIOD
                        
                        
                        19,028
                        
                        
                        
                        20,620
                        
                        
                        
                        -CASH
      AND CASH EQUIVALENTS, ENDOF
      PERIOD
                        
                        $
                        22,652
                        
                        
                        $
                        29,863
                        
                        
                        $
                        22,652





SEE
ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS


4


SRKP
10, INC.


(A
Development Stage Company)


NOTES TO FINANCIAL STATEMENTS





NOTE 1 - SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES





History


SRKP 10,
Inc. (the Company), a development stage company, was organized under the laws of
the State of Delaware on January 3, 2006. The Company is in the development
stage as defined in Financial Accounting Standards Board Accounting Standards
Codification ("ASC") Topic 915 "Development Stage Entities". The fiscal year end
is December 31.




The
Company filed a Form 10-SB registration statement with the Securities and
Exchange Commission (SEC) pursuant to Section 12(g) of the Securities Exchange
Act of 1934. The registration statement has been declared effective as of July
5, 2006.




Going Concern and Plan of
Operation


The
Company's financial statements have been presented on the basis that it is a
going concern, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business. The Company is in the
development stage and has negative working capital, negative stockholders’
equity and has not earned any revenues from operations to date. These conditions
raise substantial doubt about its ability to continue as a going
concern.




The
Company is currently devoting its efforts to locating merger candidates. The
Company's ability to continue as a going concern is dependent upon its ability
to develop additional sources of capital, locate and complete a merger with
another company, and ultimately, achieve profitable operations. The accompanying
financial statements do not include any adjustments that might result from the
outcome of these uncertainties.





Income
Taxes


In
accordance with ASC Topic 740, "Accounting for Income Taxes", the Company
accounts for income taxes under the liability method of accounting for income
taxes.  Under this method, deferred income taxes are recorded to reflect
the tax consequences in future years of temporary differences between the tax
basis of the assets and liabilities and their financial amounts at
year-end.





For federal income tax purposes,
substantially all startup and organizational expenses must be deferred until the
Company commences business.  The Company may elect a limited deduction of
up to $5,000 in the taxable year in which the trade or business begins. 
The $5,000 must be reduced by the amount of startup costs in excess of
$50,000.  The remainder of the expenses not deductible must be amortized
over a 180-month period beginning with the month in which the active trade or
business begins.  These expenses will not be deducted for tax purposes and
will represent a deferred tax asset.  The Company will provide a valuation
allowance in the full amount of the deferred tax asset since there is no
assurance of future taxable income.  Tax deductible losses can be carried
forward for 20 years until utilized.





Deferred Offering
Costs


Deferred
offering costs, consisting of legal, accounting and filing fees relating to an
offering will be capitalized. The deferred offering costs will be offset against
offering proceeds in the event the offering is successful. In the event the
offering is unsuccessful or is abandoned, the deferred offering costs will be
expensed.


5





SRKP
10, INC.


(A
Development Stage Company)


NOTES TO FINANCIAL STATEMENTS





NOTE
1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)





Cash and Cash
Equivalents


Cash and
cash equivalents consist primarily of cash in banks and highly liquid
investments with original maturities of 90 days or less.





Concentrations of Credit
Risk


The
Company maintains all cash in deposit accounts, which at times may exceed
federally insured limits. The Company has not experienced a loss in such
accounts.




Earnings per Common
Share


Basic
earnings per common share are computed based upon the weighted average number of
common shares outstanding during the period. Diluted earnings per share consists
of the weighted average number of common shares outstanding plus the dilutive
effects of options and warrants calculated using the treasury stock method. In
loss periods, dilutive common equivalent shares are excluded as the effect would
be anti-dilutive.





At
September 30, 2010 and 2009, the only potential dilutive securities
were 3,857,150 common stock warrants. Due to the net loss, none of the
potentially dilutive securities were included in the calculation of diluted
earnings per share since their effect would be anti-dilutive.





Use of Estimates in the
Preparation of Financial Statements


The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities, the disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting periods.
Actual results could differ from those estimates and assumptions.





Recently Issued Accounting
Pronouncements


The
Company has adopted all recently issued accounting pronouncements. The adoption
of the accounting pronouncements, including those not yet effective, is not
anticipated to have a material effect on the financial position or results of
operations of the Company.





NOTE
2 - STOCKHOLDERS' EQUITY





During
January 2006, the Company sold for $2,167 cash 2,700,000 shares of its $.0001
par value common stock to various investors.





In August
2007, the Company redeemed and cancelled 135,000 shares of common stock from a
shareholder for $108, and sold 1,157,150 and 135,000 shares of Common Stock to
WestPark Capital Financial Services, LLC (WestPark) and a new shareholder,
respectively. The Company sold such shares of Common Stock to WestPark, an
affiliate of its officers and directors, for an aggregate purchase price equal
to $929. The new shareholder purchased his shares of Common Stock for an
aggregate purchase price equal to $108.




6




SRKP
10, INC.


(A
Development Stage Company)


NOTES TO FINANCIAL STATEMENTS





NOTE
2 - STOCKHOLDERS' EQUITY (Continued)





In August
2007, the Company offered and sold warrants (the “Warrants”) to the Company’s
existing stockholders (including WestPark and the new shareholder), to purchase
an aggregate of 3,857,150 shares of Common Stock for aggregate proceeds equal to
$1,543, pursuant to the terms and conditions set forth in that certain warrant
purchase agreement (the “Warrant Purchase Agreement”). The Warrants have an
exercise price equal to $0.01. The Warrants are immediately exercisable and
terminate on the earlier of August 2013 or five years from the date the Company
consummates a merger or other business combination with an operating business or
any other event pursuant to which the Company ceases to be a “shell company” and
a “blank check company.”





As of
September 30, 2010, the Company has 3,857,150 shares of Common Stock issued and
outstanding.





NOTE
3 - RELATED PARTY TRANSACTIONS





The
Company neither owns nor leases any real or personal property. Most office
services are provided at a charge by WestPark Capital.  For the nine months
ended September 30, 2010 and 2009, the Company incurred costs of $9,000 and
$4,000 for these services, respectively. The Company’s President is also the
Chief Executive Officer of WestPark Capital. Such costs are material to the
financial statements. The officers and directors of the Company are involved in
other business activities and may, in the future, become involved in other
business opportunities that become available. Such persons may face a conflict
in selecting between the Company and their other business interests. The Company
has not formulated a policy for the resolution of such conflicts.





NOTE
4 - DUE TO STOCKHOLDERS





Since
inception certain stockholders have advanced the Company $158,000 to pay for
operating expenses. These funds have been advanced interest free, are unsecured,
and are due on demand.


7





Item
2. Management’s Discussion and Analysis of Financial Condition and Results of
Operations.





Forward
Looking Statement Notice





Certain
statements made in this Quarterly Report on Form 10-Q are “forward-looking
statements” (within the meaning of the Private Securities Litigation Reform Act
of 1995) regarding the plans and objectives of management for future operations.
Such statements involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements of SRKP 10, Inc.
(“we”, “us”, “our” or the “Company”) to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. The forward-looking statements included herein are
based on current expectations that involve numerous risks and uncertainties. The
Company's plans and objectives are based, in part, on assumptions involving the
continued expansion of business. Assumptions relating to the foregoing involve
judgments with respect to, among other things, future economic, competitive and
market conditions and future business decisions, all of which are difficult or
impossible to predict accurately and many of which are beyond the control of the
Company. Although the Company believes its assumptions underlying the
forward-looking statements are reasonable, any of the assumptions could prove
inaccurate and, therefore, there can be no assurance the forward-looking
statements included in this Quarterly Report will prove to be accurate. In light
of the significant uncertainties inherent in the forward-looking statements
included herein, the inclusion of such information should not be regarded as a
representation by the Company or any other person that the objectives and plans
of the Company will be achieved.





Description
of Business





The
Company was incorporated in the State of Delaware on January 3, 2006 (Inception)
and maintains its principal executive office at 4737 North Ocean Drive, Suite
207, Lauderdale by the Sea, FL 33308. Since inception, the Company has been
engaged in organizational efforts and obtaining initial financing. The Company
was formed as a vehicle to pursue a business combination through the acquisition
of, or merger with, an operating business. The Company filed a registration
statement on Form 10-SB with the U.S. Securities and Exchange Commission (the
“SEC”) on May 5, 2006, and since its effectiveness, the Company has focused its
efforts to identify a possible business combination.





The Company is currently considered to
be a “blank check” company. The SEC defines those companies as "any development
stage company that is issuing a penny stock, within the meaning of Section
3(a)(51) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”),and that has
no specific business plan or purpose, or has indicated that its business plan is
to merge with an unidentified company or companies." Many states have enacted
statutes, rules and regulations limiting the sale of securities of "blank check"
companies in their respective jurisdictions. The Company is also a “shell
company,” defined in Rule 12b-2 under the Exchange Act as a company with no or
nominal assets (other than cash) and no or nominal operations. Management does
not intend to undertake any efforts to cause a market to develop in our
securities, either debt or equity, until we have successfully concluded a
business combination. The Company intends to comply with the periodic reporting
requirements of the Exchange Act for so long as we are subject to those
requirements.




The Company was organized as a vehicle
to investigate and, if such investigation warrants, acquire a target company or
business seeking the perceived advantages of being a publicly held corporation.
The Company’s principal business objective for the next 12 months will be to
complete the transactions contemplated by the Share Exchange. In the event the
Company does not consummate the transactions contemplated by the Share Exchange
the Company’s principal business objective for the next 12 months and beyond
such time will be to achieve long-term growth potential through a combination
with an operating business. The Company will not restrict its potential
candidate target companies to any specific business, industry or geographical
location and, thus, may acquire any type of business.





The
Company currently does not engage in any business activities that provide cash
flow. During the next twelve months we anticipate incurring costs related
to:


8





(i)
            filing
      Exchange Act reports, and


(ii)
            investigating,
      analyzing and consummating an
acquisition.





We
believe we will be able to meet these costs through use of funds in our
treasury, through deferral of fees by certain service providers and additional
amounts, as necessary, to be loaned to or invested in us by our stockholders,
management or other investors. As of the date of the period covered by this
report, the Company has $22,652 in its treasury. There are no assurances that
the Company will be able to secure any additional funding as needed. Currently,
however our ability to continue as a going concern is dependent upon our ability
to generate future profitable operations and/or to obtain the necessary
financing to meet our obligations and repay our liabilities arising from normal
business operations when they come due. Our ability to continue as a going
concern is also dependant on our ability to find a suitable target company and
enter into a possible reverse merger with such company. Management’s plan
includes obtaining additional funds by equity financing through a reverse merger
transaction and/or related party advances, however there is no assurance of
additional funding being available.





The
Company may consider acquiring a business which has recently commenced
operations, is a developing company in need of additional funds for expansion
into new products or markets, is seeking to develop a new product or service, or
is an established business which may be experiencing financial or operating
difficulties and is in need of additional capital. In the alternative, a
business combination may involve the acquisition of, or merger with, a company
which does not need substantial additional capital but which desires to
establish a public trading market for its shares while avoiding, among other
things, the time delays, significant expense, and loss of voting control which
may occur in a public offering.





Since our
Registration Statement on Form 10-SB went effective, our management has had
contact and discussions with representatives of other entities regarding a
business combination with us. Any target business that is not selected, in the
event the Share Exchange is not consummated, may be a financially unstable
company or an entity in its early stages of development or growth, including
entities without established records of sales or earnings. In that event, we
will be subject to numerous risks inherent in the business and operations of
financially unstable and early stage or potential emerging growth companies. In
addition, we may effect a business combination with an entity in an industry
characterized by a high level of risk, and, although our management will
endeavor to evaluate the risks inherent in a particular target business, there
can be no assurance that we will properly ascertain or assess all significant
risks. Our management anticipates that it will likely be able to effect only one
business combination, due primarily to our limited financing and the dilution of
interest for present and prospective stockholders, which is likely to occur as a
result of our management’s plan to offer a controlling interest to a target
business in order to achieve a tax-free reorganization. This lack of
diversification should be considered a substantial risk in investing in us,
because it will not permit us to offset potential losses from one venture
against gains from another.





The
Company anticipates that the selection of a business combination will be complex
and extremely risky. Because of general economic conditions, rapid technological
advances being made in some industries and shortages of available capital, our
management believes that there are numerous firms seeking the perceived benefits
of becoming a publicly traded corporation. Such perceived benefits of becoming a
publicly traded corporation include, among other things, facilitating or
improving the terms on which additional equity financing may be obtained,
providing liquidity for the principals of and investors in a business, creating
a means for providing incentive stock options or similar benefits to key
employees, and offering greater flexibility in structuring acquisitions, joint
ventures and the like through the issuance of stock. Potentially available
business combinations may occur in many different industries and at various
stages of development, all of which will make the task of comparative
investigation and analysis of such business opportunities extremely difficult
and complex.


9





Liquidity
and Capital Resources





As of
September 30, 2010, the Company had assets equal to $22,652 comprised
exclusively of cash. This compares with assets of $19,028, comprised exclusively
of cash, as of December 31, 2009. The Company’s current liabilities as of
September 30, 2010 totaled $158,000, comprised exclusively of monies due to
stockholders. This compares to the Company’s current liabilities as of December
31, 2009 of $128,000, comprised exclusively of monies due to stockholders.The Company
can provide no assurance that it can continue to satisfy its cash requirements
for at least the next twelve months.





The
following is a summary of the Company's cash flows provided by (used in)
operating, investing, and financing activities:





Nine Months
                    Ended
                    September 30,
                    2010
                  
                  
                  Nine Months
                    Ended
                    September 30,
                    2009
                  
                  
                  For the
                    Cumulative
                    Period from
                    January 3, 2006
                    (Inception) to
                    September 30,
                    2010Net
      Cash (Used in) Operating Activities
                  
                  $
                  (26,376
                  )
                  
                  $
                  (20,757
                  )
                  
                  $
                  (139,987
                  )Net
      Cash (Used in) Investing Activities
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -Net
      Cash Provided by Financing Activities
                  
                  $
                  30,000
                  
                  
                  $
                  30,000
                  
                  
                  $
                  162,639Net
      Increase in Cash and Cash Equivalents
                  
                  $
                  3,624
                  
                  
                  $
                  9,243
                  
                  
                  $
                  22,652





The
Company has only cash assets and has generated no revenues since inception. The
Company is also dependent upon the receipt of capital investment or other
financing to fund its ongoing operations and to execute its business plan of
seeking a combination with a private operating company. In addition, the Company
is dependent upon certain related parties to provide continued funding and
capital resources. If continued funding and capital resources are unavailable at
reasonable terms, the Company may not be able to implement its plan of
operations.





Results
of Operations





The
Company has not conducted any active operations since inception, except for its
efforts to locate suitable acquisition candidates. No revenue has been
generated by the Company from January 3, 2006 (Inception), through September 30,
2010. It is unlikely the Company will have any revenues unless it is able to
effect an acquisition or merger with an operating company, of which there can be
no assurance. It is management's assertion that these circumstances may hinder
the Company's ability to continue as a going concern.  The Company’s plan
of operation for the next twelve months shall be to continue its efforts to
locate suitable acquisition candidates.





For the
three and nine months ended September 30, 2010, the Company had a net loss of
$12,620 and $26,376, respectively, comprised of legal, accounting, audit and
other professional service fees incurred in relation to the filing of the
Company’s Quarterly and Annual Reports on Form 10-Q and Form 10-K. This compares
with a net loss of $12,905 and $20,757 for the three and nine months,
respectively, ended September 30,2009, comprised of legal, accounting, audit and other professional
service fees incurred in relation to the filing of the Company’s Quarterly and
Annual Reports on Form 10-Q and Form 10-K.





For the
cumulative period from January 3, 2006 (Inception) to September 30, 2010, the
Company had a net loss of $139,987, comprised exclusively of legal, accounting,
audit and other professional service fees incurred in relation to the formation
of the Company the filing of the Company’s Registration Statement on Form 10-SB
in May of 2006 and the filing of the Company’s Quarterly Reports on Form 10-QSB
and Form 10-Q and Annual Reports on Form 10-KSB and Form 10-K.


10





Off-Balance
Sheet Arrangements





The Company does not have any
off-balance sheet arrangements that have or are reasonably likely to have a
current or future effect on the Company’s financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to
investors.




Contractual
Obligations





As a “smaller
reporting company” as defined by Item 10 of Regulation S-K, the Company is not
required to provide this information.





Item
3. Quantitative and Qualitative Disclosures About Market Risk.





As a “smaller reporting company” as
defined by Item 10 of Regulation S-K, the Company is not required to provide
information required by this Item.




Item
4. Controls and Procedures.





Evaluation
of Disclosure Controls and Procedures





We
maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in our reports filed pursuant to the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the SEC’s rules, regulations and related forms, and that
such information is accumulated and communicated to our principal executive
officer and principal financial officer, as appropriate, to allow timely
decisions regarding required disclosure.




As of
September 30, 2010, we carried out an evaluation, under the supervision and with
the participation of our principal executive officer and our principal financial
officer of the effectiveness of the design and operation of our disclosure
controls and procedures. Based on this evaluation, our principal executive
officer and our principal financial officer concluded that our disclosure
controls and procedures were effective as of the end of the period covered by
this report.





Changes
in Internal Controls





There
have been no changes in our internal controls over financial reporting during
the quarter ended September 30, 2010 that have materially affected or are
reasonably likely to materially affect our internal controls.




PART II — OTHER
INFORMATION





Item
1. Legal Proceedings.





There are
presently no material pending legal proceedings to which the Company, any of its
subsidiaries, any executive officer, any owner of record or beneficially of more
than five percent of any class of voting securities is a party or as to which
any of its property is subject, and no such proceedings are known to the
Registrant to be threatened or contemplated against it.




Item
1A. Risk Factors.





As a “smaller reporting company” as
defined by Item 10 of Regulation S-K, the Company is not required to provide the
information required by this Item.




11




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





None.





Item
3. Defaults Upon Senior Securities.





None.





Item
4. Removed and Reserved.








Item
5. Other Information.





None.




Item
6. Exhibits.





(a)
Exhibits required by Item 601 of Regulation S-K.





Exhibit No.
                
                Description*3.1
                
                Certificate
      of Incorporation, as filed with the Delaware Secretary of State on January
      3, 2006.*3.2
                
                By-laws.31.1
                
                Certification
      of the Company’s Principal Executive Officer pursuant to Section 302 of
      the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly
      Report on Form 10-Q for the quarter ended September 30,
    2010.31.2
                
                Certification
      of the Company’s Principal Financial Officer pursuant to Section 302 of
      the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly
      Report on Form 10-Q for the quarter ended September 30,
    2010.32.1
                
                Certification
      of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section
      1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
      2002.32.2
                
                Certification
      of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section
      1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
      2002.





*
            Filed
      as an exhibit to the Company's Registration Statement on Form 10-SB, as
      filed with the SEC on May 5, 2006, and incorporated herein by this
      reference.


12





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.





SRKP
      10, INC.Dated:
      November 9, 2010
              By:
              /s/ Richard A. RappaportRichard
      A. RappaportPresident
      and DirectorPrincipal
      Executive OfficerDated:
      November 9, 2010
              By:
              /s/ Anthony C.
  PintsopoulosAnthony
      C. PintsopoulosSecretary,
      Chief Financial Officer and DirectorPrincipal
      Accounting OfficerPrincipal
      Financial Officer




13