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 June 30, 2006.

or

o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

For the transition period from ______to______.

Commission file number 333-125131

SPORTS SOURCE, INC.

(Exact name of registrant as specified in its charter)

Delaware	20-1917956
(State or other jurisdiction of	(I.R.S. Employer Identification No.)
incorporation or organization)

421 7 th Avenue, 14th Floor New York, New York	10001
(Address of principal executive offices)	(Zip Code)

(516) 384-0832

(Registrant’s telephone number, including area code)

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

Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer 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

State the number of shares outstanding of each of the issuer’s classes of common equity, as of July 21, 2005: 18,840,000 shares of common stock.

SPORTS SOURCE INC.

FINANCIAL STATEMENTS

INDEX

PART I-- FINANCIAL INFORMATION

Item 1. Financial Statements

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

Item 3. Control and Procedures

PART II-- OTHER INFORMATION

Item 1. Legal Proceedings

Item 2. Changes in Securities

Item 3. Defaults Upon Senior Securities

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

Item 5. Other Information

Item 6. Exhibits and Reports on Form 8-K

SIGNATURE

Item 1. Financial Information

BASIS OF PRESENTATION

The accompanying reviewed financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B. 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, all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the six months ended June 30, 2006 are not necessarily indicative of results that may be expected for the year ending December 31, 2006. The financial statements are presented on the accrual basis.

SPORTS SOURCE, INC.

(A DEVELOPMENT STAGE COMPANY)

CONTENTS

PAGE	1	CONDENSED BALANCE SHEET AS OF JUNE 30, 2006 (UNAUDITED)
PAGE	2	CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2006 AND 2005 AND FOR THE PERIOD FROM NOVEMBER 15, 2004 (INCEPTION) TO JUNE 30, 2006 (UNAUDITED)
PAGE	3	CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE PERIOD FROM NOVEMBER 15, 2004 (INCEPTION) TO JUNE 30, 2006 (UNAUDITED)
PAGE	4	CONDENSED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2006 AND 2005 AND FOR THE PERIOD FROM NOVEMBER 15, 2004 (INCEPTION) TO JUNE 30, 2006 (UNAUDITED)
PAGES	5 - 9	NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

SPORT SOURCE, INC.

(A DEVELOPMENT STAGE COMPANY)

CONDENSED BALANCE SHEET

AS OF JUNE 30, 2006

(UNAUDITED)

ASSETS
CURRENT ASSETS
Cash	$	10,158
Account receivable, net		13
Prepaid expenses		2,400
TOTAL ASSETS	$	12,571
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	3,000
TOTAL LIABILITIES		3,000
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding		-
Common stock, $0.001 par value, 100,000,000 shares authorized, 18,840,000 shares issued and outstanding		18,840
Additional paid in capital		88,260
Accumulated deficit during development stage		(97,529)
Total Stockholders’ Equity		9,571
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	12,571

See accompanying notes to condensed financial statements.

1

SPORTS SOURCE, INC.

(A DEVELOPMENT STAGE COMPANY)

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

		For the Three Months Ended June 30, 2006		For the Three Months Ended June 30, 2005		For the Six Months Ended June 30, 2006		For the Six Months Ended June 30, 2005		For the Period from November 15, 2004 (Inception) to June 30, 2006
REVENUE	$	2	$	5	$	2	$	5	$	89
OPERATING EXPENSES
Professional fees		6,785		10,666		17,209		23,520		60,001
Stock issued for services		-		-		-		15,000		22,500
General and administrative		2,883		2,607		5,765		3,588		15,853
Total Operating Expenses		9,668		13,273		22,974		42,108		98,354
LOSS FROM OPERATIONS		(9,666)		(13,268)		(22,972)		(42,103)		(98,265)
OTHER INCOME
Interest income		47		179		199		179		736
Total Other Income		47		179		199		179		736
Net Loss Before Provision For Income Taxes		(9,619)		(13,089)		(22,773)		(41,924)		(97,529)
Provision for Income Taxes		-		-		-		-		-
NET LOSS	$	(9,619)	$	(13,089)	$	(22,773)	$	(41,924)	$	(97,529)
Net loss per share - basic and diluted	$	-	$	-	$	-	$	-	$	(0.01)
Weighted average number of shares outstanding during the period – basic and diluted		18,840,000		18,840,000		18,840,000		17,400,112		18,101,926

See accompanying notes to condensed financial statements.

2

SPORTS SOURCE, INC.

(A DEVELOPMENT STAGE COMPANY)

CONDENSED STATEMENT OF STOCKHOLDERS’ EQUITY

FOR THE PERIOD FROM NOVEMBER 15, 2004 (INCEPTION) TO JUNE 30, 2006

(UNAUDITED)

	Preferred Stock			Common Stock				Additional Paid-In		Accumulated Deficit During Development
	Shares		Amount	Shares		Amount		Capital		Stage		Total
Balance, November 15, 2004 (inception)	-	$	-	-	$	-	$	-	$	-	$	-
Common stock issued to founder ($0.001 per share)	-		-	15,000,000	$	15,000	$	(7,500)	$	-	$	7,500
Net loss for the period from November 15,2004 (inception) to December 31, 2004	-		-	-		-		-		(9,218)		(9,218)
Balance, December 31, 2004	-		-	15,000,000		15,000		(7,500)		(9,218)	$	(1,718)
Common stock issued for cash ($0.05 per share)	-		-	3,240,000		3,240		77,760		-		81,000
Common stock issued for services ($0.05 per share)	-		-	600,000		600		14,400		-		15,000
In-kind contribution of rent	-		-	-		-		3,600		-		3,600
Net loss for the year ended December 31, 2005	-		-	-		-		-		(65,538)		(65,538)
Balance, December 31, 2005	-		-	18,840,000		18,840		88,260		(74,756)		32,344
Net loss for the six months ended June 30, 2006	-		-	-		-		-		(22,773)		(22,773)
BALANCE, JUNE 30, 2006	-	$	-	18,840,000	$	18,840	$	88,260	$	(97,529)	$	9,571

See accompanying notes to condensed financial statements.

3

SPORTS SOURCE, INC.

(A DEVELOPMENT STAGE COMPANY)

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

		For the Six Months Ended June 30, 2006		For the Six Months Ended June 30, 2005		For the Period from November 15, 2004 (Inception) to June 30, 2006
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss		(22,773)		(41,924)		(97,529)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock issued for services		-		15,000		22,500
In-kind contribution of rent		-		1,800		3,600
Changes in operating assets and liabilities:
Increase (Decrease) In:
Account receivable		(2)		(5)		(13)
Prepaid expenses		(2,400)		-		(2,400)
Accounts payable		2,007		2,873		3,000
Net Cash Used In Operating Activities		(23,168)		(22,256)		(70,842)
CASH FLOWS FROM INVESTING ACTIVITIES		-		-		-
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of stockholder loans		-		(702)		(702)
Proceeds from loan payable - related party		-		-		702
Proceeds from stockholder loans		-		-		1,000
Repayments of loan payable – related party		-		(1,000)		(1,000)
Repayment of cash overdraft		-		(16)		-
Proceeds from issuance of common stock		-		81,000		81,000
Net Cash Provided By Financing Activities		-		79,282		81,000
NET INCREASE (DECREASE) IN CASH		(23,168)		57,026		10,158
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		33,326		-		-
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	10,158	$	57,026	$	10,158
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	$	-	$	-	$	-
Cash paid for taxes	$	-	$	-	$	-

See accompanying notes to condensed financial statements.

4

SPORTS SOURCE, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

(A) Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations.

It is management’s opinion however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year.

(B) Organization

Sports Source, Inc. (a development stage company) (the “Company”) was incorporated under the laws of the State of Delaware on November 15, 2004. The Company was organized to provide online sports and fantasy sports information. Activities during the development stage include developing the business plan and raising capital.

(C) Use of Estimates

In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates.

(D) Cash and Cash Equivalents

For purposes of the cash flow statements, the Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents.

(E) Income Taxes

The Company accounts for income taxes under the Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes” (“Statement 109”). Under Statement 109, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which

5

SPORTS SOURCE, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)

those temporary differences are expected to be recovered or settled. Under Statement 109, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

(F) Loss Per Share

Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by Financial Accounting Standards No. 128, “Earnings Per Share.” As of June 30, 2006 and 2005, there were no common share equivalents outstanding.

(G) Stock-Based Compensation

In December 2004, the FASB issued SFAS No. 123(R), “Share-Based Payment,” which replaces SFAS No. 123 and supersedes APB Opinion No. 25. Under SFAS No. 123(R), companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. In March 2005 the SEC issued Staff Accounting Bulletin No. 107, or “SAB 107”. SAB 107 expresses views of the staff regarding the interaction between SFAS No. 123(R) and certain SEC rules and regulations and provides the staff’s views regarding the valuation of share-based payment arrangements for public companies. SFAS No. 123(R) permits public companies to adopt its requirements using one of two methods. On April 14, 2005, the SEC adopted a new rule amending the compliance dates for SFAS 123R. Companies may elect to apply this statement either prospectively, or on a modified version of retrospective application under which financial statements for prior periods are adjusted on a basis consistent with the pro forma disclosures required for those periods under SFAS 123. Effective January 1, 2006, the Company has fully adopted the provisions of SFAS No. 123R and related interpretations as provided by SAB 107. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant. The Company applies this statement prospectively.

(H) Revenue Recognition

The Company recognizes revenue on arrangements in accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements’ and No. 104, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured.

6

SPORTS SOURCE, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)

The Company recognizes revenue as earned on a click through basis. As the traffic moves through the websites per click, the contract amount is recognized as revenue. “Click-throughs” are defined as the number of times a user clicks on an advertisement or search result.

(I) Business Segments

The Company operates in one segment and therefore segment information is not presented.

(J) Recent Accounting Pronouncements

SFAS 155, “Accounting for Certain Hybrid Financial Instruments” and SFAS 156, “Accounting for Servicing of Financial Assets” were recently issued. SFAS 155 and 156 have no current applicability to the Company and have no effect on the financial statements.

NOTE 2 STOCKHOLDERS’ EQUITY

(A) Common Stock Issued for Services

On November 15, 2004, the Company issued 15,000,000 shares of common stock to its founder for services valued at the fair value on the grant date of $7,500 ($0.001 per share) (See Note 5).

During 2005, the Company issued 600,000 shares of common stock to unrelated third parties for services rendered valued at the fair value on the grant date of $15,000 ($0.05 per share).

(B) Common Stock Issued for Cash

During 2005, the Company issued 3,240,000 shares of common stock for proceeds of $81,000 ($0.05 per share).

(C) In-Kind Contribution

During 2005, the Company’s President paid rent on behalf of the Company totaling $3,600 (See Note 5).

7

SPORTS SOURCE, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)

(D) Stock Split

On March 3, 2006, the Company declared a two for one stock forward stock split. All share and per share data has been retroactively restated.

NOTE 3 LOANS PAYABLE

(A) Loans Payable - Stockholder

During 2004, a stockholder of the Company paid $702 for operating expenses on behalf of the Company. The total loan of $702 was payable on demand, non-interest bearing and unsecured. The loan was repaid in full during 2005 (See Note 5).

(B) Loans Payable – Related Party

During 2004, the Company’s president paid $1,000 for operating expenses on behalf of the Company. The total loan of $1,000 was payable on demand, non-interest bearing and unsecured. The loan was repaid in full during 2005 (See Note 5).

NOTE 4 COMMITMENTS AND CONTINGENCIES

During 2004, the Company entered into a two-year agreement with a consultant to provide strategic planning and consulting services. The agreement calls for monthly payments of $1,500 upon the receipt by the Company of a minimum of $15,000 in funding. As of June 30, 2006, the consultant has earned $9,000 of which, $3,000 remains in accounts payable.

NOTE 5 RELATED PARTY TRANSACTIONS

On November 15, 2004, the Company issued 15,000,000 shares of common stock to its founder for services (See Note 2(A)).

During 2004, a stockholder of the Company paid $702 for operating expenses on behalf of the Company (See Note 3(A)).

During 2004, the Company’s president paid $1,000 for operating expenses on behalf of the Company (See Note 3(B)).

During 2005, the Company’s president paid rent on behalf of the Company totaling $3,600 (See Note 2(B)).

8

SPORTS SOURCE, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)

NOTE 6 GOING CONCERN

As reflected in the accompanying financial statements, the Company is in the development stage with no operations, has an accumulated deficit during development stage of $97,529 and has a negative cash flow from operations of $70,842 from inception. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Management believes that actions presently being taken to obtain additional equity funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

9

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

We are a development stage company that owns and operates a fantasy sports website. Following our incorporation, we secured the domain name www.fantasysportsdoc.com to serve as our online home. The website was developed in early 2005 and initially launched in April 2005. We intend for the website to function as a “1-Stop-Shop” for fantasy sports news, information, and content.

During the next twelve months, we expect to take the following steps in connection with the further development of our business and the implementation of our plan of operations:

• In the third quarter of 2006 we anticipated continuing to develop our FantasySportsDoc.com website and adding a number of new features to the site. However, we have been unable to raise the funds necessary to proceed with this step of our business operations. If we can raise additional funds we would like to add the following features in the third quarter:

* More detailed player news & injury reports

* Columns - advice & strategy from experts and game leaders

* Daily fantasy leaders for games played each day

* Classified ads section

* Unique “Ask the Doc” section offering answers to questions about players and fantasy sports teams.

We believe these enhancements can be made for between $2,000 and $4,000.

• Prepare and execute a marketing plan to increase our website traffic. We launched our website in April 2005 and have spent very minimal amount of money on advertising to date. We expect that initially the majority of our members will come from internet advertising and search engine keyword placement. We anticipate that within sixty days, a comprehensive marketing plan will be developed. We expected to spend approximately $5,000 on marketing over the next nine months , primarily in the areas of Keyword Advertising and Sponsored Links through Google, Yahoo/Overture, FindWhat, and other similar targeted keyword programs that employ a “cost-per-click” model. We will continue to devote resources to link exchange programs where we can create additional links for FantasySportsDoc.com in directories throughout the web.

• In late 2006, we plan to introduce our game fantasy sports games. We will create and build games for the major sports and market these games to our existing website users as well as to the overall fantasy sports market. The costs associated with implementing this phase of our business plan include increased marketing costs as well as programming and equipment costs to be determined. The exact timing for the launch of these games will depend in part on how quickly we are able to develop a user base for our existing website content as a larger initial user base would make it easier to attract players to our game and decrease external marketing costs associated with the launch of such games.

• In the second half of 2006, in conjunction with the launch of our own branded fantasy sports products, we expect to initiate a more comprehensive marketing campaign. To promote our fantasy sports games, we will include traditional media advertising as well as internet-based marketing. We expect to spend substantial amount on this marketing but cannot determine a precise budget at this time. Considerations will include costs for various media placements and our cash flow at the time.

• By the third quarter of 2006, we hope to be able to hire a programmer on a dedicated basis in order to execute our plans for additional website content and to build our own fantasy sports games. We anticipate paying either an annual salary at market rates, or hourly fee to a dedicated programmer depending upon the workload required.

• In the third quarter of 2006, we intend to initiate discussions with prominent retired professional athletes to endorse and promote our upcoming fantasy sports games. We would ideally like to hire a former hall of fame athlete in baseball, basketball, and football whose tasks would include participating in our fantasy game in their respective sport, promoting the game with their name and likeness, and interacting with our users on our website. Our President has a long background working in the sports industry and with sports representation firms and will be using this background to contact athletes that fit our profile. We will attempt to negotiate a compensation package that is stock-oriented, but it is likely that some amount of cash will be required to hire these athletes. Which athletes we hire will partially depend upon their compensation demands and our financial position at the time.

• In the fourth quarter of 2006, we anticipate introducing various “tiers” of membership levels for FantasySportsDoc.com for our news and informational content. We expect that the site will ultimately have two levels of membership: A basic membership that will be free and will offer access to most news, information, and content features. A premium membership will offer exclusive content, enhanced statistics and draft-day advice, as well as access to strategy and advance from fantasy sports experts throughout the season. There will be a small monthly membership fee for a premium subscription. The costs involved with setting up a membership structure should be minimal. The timing will be subject to our traffic levels in early 2006 as well as how much new and original content we are able to introduce to our website throughout 2006.

• Hire and train additional staff, including management, marketing staff, and administrative personnel. The number of employees hired will be dependent upon a variety of factors including our progress in implementing our business plan and available capital. By 2007, we expect to require approximately 10 employees and $50,000 per month for payroll. We will need additional capital or substantial revenue from subscriptions or advertising to meet these expenses and we will scale down accordingly until we are in such a position. The hiring of employees will be an ongoing process during the company’s existence.

All of the above is subject to our receiving additional financing in the future. Limited revenues have been generated to date and we expect limited revenues until we raise additional funds and therefore we will continue to operate on a reduced budget until such time. We currently do not have enough cash to satisfy our minimum cash requirements for the next twelve months. In addition, we will require additional funds to increase marketing, to expand operations, and for further development of our website. No significant purchases of equipment are anticipated; however, a substantial surge in traffic and/ or membership could necessitate the purchase of additional servers.

As reflected in the accompanying financial statements, we are in the development stage with limited operations. This raises substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise additional capital and implement our business plan. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

To date we have not been able to raise additional funds through either debt or equity offerings. Without this additional cash, we have been unable to pursue our plan of operations and commence generating revenue. We believe that we may not be able to raise the necessary funds to continue to pursue our business operations. As we have not been able to raise funds to date, we may be forced to cease the pursuit of our business plan and actively seek out and investigate possible business opportunities with the intent to acquire or merge with one or more business ventures.

Capital Resources and Liquidity

As of June 30, 2006, we had $10,158 in cash. Our general and administrative expenses are expected to average $3,900 per month for the next 12 months based upon our projected operating budget. We currently do not have enough cash to satisfy one year of operations without receiving additional funds from our President or additional investors.

Our operating activities used cash of $23,168 in the six months ending June 30, 2006. As of June 30, 2006, we had total current assets of $12,571 including cash of $10,158. As of June 30, 2006 our total current liabilities amounted to $3,000.

Critical Accounting Policies

Sports Source’s financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

Our significant accounting policies are summarized in Note 1 of our financial statements. While all these significant accounting policies impact its financial condition and results of operations, Sports Source’s views certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on Sports Source’s financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our results of operations, financial position or liquidity for the periods presented in this report.

Recent Accounting Pronouncements

SFAS 155, “Accounting for Certain Hybrid Financial Instruments” and SFAS 156, “Accounting for Servicing of Financial Assets” were recently issued. SFAS 155 and 156 have no current applicability to the Company and have no effect on the financial statements.

Item 3. Controls and Procedures

(a) Evaluation of disclosure controls and procedures.

Our Chief Executive Officer and Chief Financial Officer (collectively the “Certifying Officers”) maintain a system of disclosure controls and procedures that is designed to provide reasonable assurance that information, which is required to be disclosed, is accumulated and communicated to management timely. Under the supervision and with the participation of management, the Certifying Officers evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule [13a-14(c)/15d-14(c)]under the Exchange Act) within 90 days prior to the filing date of this report. Based upon that evaluation, the Certifying Officers concluded that our disclosure controls and procedures are effective in timely alerting them to material information relative to our company required to be disclosed in our periodic filings with the SEC.

(b) Changes in internal controls.

Our Certifying Officer has indicated that there were no significant changes in our internal controls or other factors that could significantly affect such controls subsequent to the date of his evaluation, and there were no such control actions with regard to significant deficiencies and material weaknesses.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

The Company is currently not a party to any pending legal proceedings and no such action by, or to the best of its knowledge, against the Company has been threatened.

Item 2. Changes in Securities.

None

Item 3. Defaults Upon Senior Securities.

None

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

No matter was submitted during the quarter ending June 30, 2006, covered by this report to a vote of the Company’s shareholders, through the solicitation of proxies or otherwise.

Item 5. Other Information.

None

Item 6. Exhibits and Reports of Form 8-K.

(a) Exhibits

31.1 Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002

32.1 Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002

(b) Reports of Form 8-K

None

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, there unto duly authorized.

SPORTS SOURCE, INC.

Registrant

Date: July 21, 2006	By: /s/ James Tubbs
	James Tubbs
	President, Chief Executive Officer,
	Chief Accounting Officer, and
	Chairman of Board of Directors