UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

_______

FORM 10-Q

(Mark One)

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

For the quarterly period ended December 31, 2009

OR

¨ TRANSACTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________________________ to ___________________________

Commission file number: 000-52352

TIMBERJACK SPORTING SUPPLIES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Nevada	20-3336507
(State of Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification Number)
c/o Paragon Capital LP 110 East 59th Street, 29th Floor New York, NY	10022
(Address of Principal Executive Offices)	(Zip Code)

(212) 593-1600

(Registrant’s Telephone Number, Including Area Code)

N/A

(Former Name, Former Address and Former Fiscal Year, If Changed Since Last Report)

Copies to:

The Sourlis Law Firm

Virginia K. Sourlis, Esq.

214 Broad Street

Red Bank, New Jersey 07701

(732) 530-9007

www.SourlisLaw.com

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 o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, 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 o

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

Large accelerated filer	o	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	x

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

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.

As of January 26, 2010, there were 429,000,000 shares of common stock outstanding and no shares of preferred stock outstanding.

TABLE OF CONTENTS

		Page
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements	1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Plan of Operations	8
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	10
Item 4T.	Controls and Procedures	10
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	11
Item 1A.	Risk Factors	11
Item 2.	Unregistered Sale of Equity Securities and Use of Proceeds	11
Item 3.	Defaults Upon Senior Securities	11
Item 4.	Submission of Matters to a Vote of Security Holders	11
Item 5.	Other Information	11
Item 6.	Exhibits	12
SIGNATURES		13

i

PART I

Item 1. Financial Statements.

TIMBERJACK SPORTING SUPPLIES, INC.
(A Development Stage Enterprise)
Balance Sheets
ASSETS
	December 31, 2009			September 30, 2009
	(Unaudited)			(Audited)
Current assets
Cash	$	1,055		$	13
Total current assets		1,055			13
Total assets		1,055			13
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities
Accounts payable		3,300			12,750
Total liabilities		3,300			12,750
Commitment and contingencies		-			-
Stockholders' equity (deficit)
Preferred stock, $.0001 par value,
authorized 5,000,000 shares, none issued and outstanding		-			-
Common stock, $.001 par value,
authorized 980,000,000 shares: 429,000,000 shares issued
and outstanding as of December 31, 2009 and September 30, 2009		429,000			429,000
Additional paid-in capital		(39,225	)		(54,225	)
Deficit accumulated during the development stage		(392,020	)		(387,512	)
Total stockholders' equity (deficit)		(2,245	)		(12,737	)
Total liabilities and stockholders' equity (deficit)	$	1,055		$	13
The financial information presented herein has been prepared by management
without audit by independent certified public accountants
The accompanying notes should be read in conjunction with the financial statements

1

TIMBERJACK SPORTING SUPPLIES, INC.
(A Development Stage Enterprise)
Statement of Operations
							For the period
	For the three			For the three			September 8, 2005
	months ended			months ended			(Inception) to
	December 31, 2009			December 31, 2008			December 31, 2009
	(Unaudited)			(Unaudited)			(Unaudited)
Net sales	$	-		$	-		$	-
Cost of sales		-			-			-
Gross profit		-			-			-
Legal and professional fees		3,000			5,000			111,702
General and administrative expenses		1,508			5,682			280,318
Total expenses		4,508			10,682			392,020
Income (loss) from operations		(4,508	)		(10,682	)		(392,020	)
Provision for income taxes		-			-			-
Net loss	$	(4,508	)	$	(10,682	)	$	(392,020	)
Weighted average number of
common shares outstanding
(basic and fully diluted)		429,000,000			194,508,181			72,548,948
Basic and diluted (loss)
per common share	$	Nil		$	Nil		$	Nil
Nil < $.01 per common share
The financial information presented herein has been prepared by management
without audit by independent certified public accountants
The accompanying notes should be read in conjunction with the financial statements

2

TIMBERJACK SPORTING SUPPLIES, INC.
(A Development Stage Enterprise)
Statements of Cash Flows
							For the period
	For the three			For the three			September 8, 2005
	months ended			months ended			(Inception) to
	December 31, 2009			December 31, 2008			December 31, 2009
	(Unaudited)			(Unaudited)			(Unaudited)
Cash flows from operating activities
Net (loss)	$	(4,508	)	$	(10,682	)	$	(392,020	)
Adjustments to reconcile net (loss) to net
cash used in operating activities:
Stock issued for services		-			6,000			6,000
Increase (decrease) in accounts payable		(9,450	)		(220,433	)		3,300
Net cash (used in) operating activities		(13,958	)		(225,115	)		(382,720	)
Cash flows from investing activities
Purchase of investments		-			-			(5,000	)
Sale of investments		-			-			5,000
Net cash used in investing activities		-			-			-
Cash flows from financing activities
Proceeds from issuance of common stock, net		-			227,000			356,775
Proceeds from additional capital contributions		15,000			-			27,000
Net cash provided by financing activities		15,000			227,000			383,775
Net increase in cash and cash equivalents		1,042			1,885			1,055
Cash - beginning of period		13			115			-
Cash - end of period	$	1,055		$	2,000		$	1,055
Supplemental disclosure of cash flow information:
Taxes paid		-			-			-
Interest paid	$	-		$	-		$	-
The financial information presented herein has been prepared by management
without audit by independent certified public accountants
The accompanying notes should be read in conjunction with the financial statements

3

TIMBERJACK SPORTING SUPPLIES, INC.

(A Development Stage Enterprise)

NOTES TO FINANCIAL STATEMENTS

December 31, 2009

NOTE 1.  BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

Timberjack Sporting Supplies, Inc. (“the Company”) was incorporated in the state of Nevada on September 8, 2005.

The Company had a principal business objective of providing cost effective, high quality gun care products, accessories and related sporting equipment for the discriminating consumer, at substantial savings to the rugged outdoorsman, the general public and all levels of federal, state, county and local law enforcement.

During August 2008, the Company discontinued its prior business and amended its business plan.

As of December 31, 2009, the Company is a shell company as defined in Rule 12b-2 of the Exchange Act.  The Company’s business is to pursue a business combination through acquisition, or merger with, an existing company. No assurances can be given that the Company will be successful in locating or negotiating with any target company.

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of Timberjack Sporting Supplies, Inc. (the “Company”) for the respective periods presented.  The results of operations for an interim period are not necessarily indicative of the results that may be expected for any other interim period or the year as a whole. The accompanying unaudited financial statements should be read in conjunction with the audited financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2009 as filed with the SEC on December 18, 2009.

Reclassifications

Certain amounts in the accompanying unaudited financial statements as of December 31, 2008 have been reclassified by the Company to conform to the December 31, 2009 presentation.  These reclassifications had a no effect on the previously reported net loss.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported revenues and expenses during the reporting periods. Because of the use of estimates inherent in the financial reporting process, actual results may differ significantly from those estimates.

Cash and Cash Equivalents

The Company maintains cash balances in a non-interest bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with a maturity of three months or less are considered to be cash equivalents.

Fair Value of Financial Instruments

The fair value of cash and cash equivalents and accounts payables approximates the carrying amount of these financial instruments due to their short maturity.

4

Net Loss per Share Calculation

Basic net loss per common share ("EPS") is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period.   Diluted earnings per shares is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued.  

Revenue Recognition

For the period September 8, 2005 (inception) to December 31, 2009, the Company did not realize any revenue

Income Taxes

Income taxes are provided for using the liability method of accounting.  A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment.

Recently Issued Accounting Pronouncements

In June 2009, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 168, “The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles – a replacement of FASB Statement No. 162,” (“SFAS 168”).  SFAS 168 establishes the FASB Accounting Standards Codification (“Codification”) as the source of authoritative generally accepted accounting principles (“GAAP”) for nongovernmental entities.  The Codification does not change GAAP. Instead, it takes the thousands of individual pronouncements that currently comprise GAAP and reorganizes them into approximately ninety accounting topics, and displays all topics using a consistent structure.  Contents in each topic are further organized first by subtopic, then section and finally paragraph. The paragraph level is the only level that contains substantive content. Citing particular content in the Codification involves specifying the unique numeric path to the content through the topic, subtopic, section and paragraph structure. FASB suggests that all citations begin with “FASB ASC,” where ASC stands for Accounting Standards Codification. Changes to the ASC subsequent to June 30, 2009 are referred to as Accounting Standards Updates (“ASU”).

In conjunction with the issuance of SFAS 168, the FASB also issued its first Accounting Standards Update No. 2009-1, “Topic 105 –Generally Accepted Accounting Principles” (“ASU 2009-1”) which includes SFAS 168 in its entirety as a transition to the ASC.  

ASU 2009-1 is effective for interim and annual periods ending after September 15, 2009 and will not have an impact on the Company’s financial position or results of operations but will change the referencing system for accounting standards.  

As of December 31, 2009, all citations to the various SFAS’ have been eliminated and will be replaced with FASB ASC as suggested by the FASB in future interim and annual financial statements.

The Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial condition or results of operations.

NOTE 2. PREFERRED STOCK

The Company is authorized to issue 5,000,000 shares of preferred stock. The Preferred Stock of the Company shall be issued by the Board of Directors of the Company in one or more classes or one or more series within any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences, limitations or restrictions as the Board of Directors of the Company may determine, from time to time.

As of December 31, 2009 and 2008, there is no preferred stock issued and outstanding.

NOTE 3. STOCK FOR SERVICES

Three months ended December 31, 2009:

During the three months ended December 31, 2009, the Company did not issue any stock for services.

5

Three months ended December 31, 2008:

During the three months ended December 31, 2008, the Company issued 8,000,000 shares of its common stock at per share price of $0.00075 for a total amount of $6,000. This amount was charged to legal and professional fees in the statement of operations.

NOTE 4. COMMON STOCK

As of December 31, 2009, the Company is authorized to issue 980,000,000 shares of common stock.

Three months ended December 31, 2009:

As of December 31, 2009, there were 429,000,000 shares of common stock of the Company issued and outstanding.

During the three months ended December 31, 2009, the Company did not issue any common stock.

Three months ended December 31, 2008:

As of December 31, 2008, there were 429,000,000 shares of common stock of the Company issued and outstanding.

On November 19, 2008, the Company completed an offering of 300,000,000 shares of its common stock a private placement at $0.00075 per share for total consideration of $225,000.

Holders of shares of common stock shall be entitled to cast one vote for each share held at all stockholders’ meetings for all purposes, including the election of directors. The common stock does not have cumulative voting rights. No holder of shares of stock of any class shall be entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock of any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.

NOTE 5.    ADDITIONAL PAID IN CAPITAL

During the three months ended December 31, 2009, Paragon Capital LP, the Company’s majority shareholder, contributed $15,000 cash to fund the operating expenses of the Company.

From November 2008 through December 31, 2009, Paragon Capital LP, the Company’s majority shareholder, contributed $27,000 cash to fund the operating expenses of the Company.

NOTE 6.     CHANGE IN CONTROL

On September 15, 2008, pursuant to the terms of a Stock Purchase Agreement dated September 15, 2008 (See Exhibit 10.1) as filed as an Exhibit to Form 8-K, Paragon Capital, LP (“Paragon”) purchased a total of 24,500,000 shares of the issued and outstanding common stock of the Company for an aggregate purchase price of $18,375 in cash from another shareholder.  The total of 24,500,000 shares represented 53.84% of the total issued and outstanding Common Stock, par value $0.001 per share, of the Company at the time of transfer. In addition and at the same time, Paragon invested $56,625 in the Company and received 75,500,000 newly issued shares of common stock of the Company. Mr. Alan P. Donenfeld, our sole officer/director, has sole voting and dispositive control of Paragon.

On November 19, 2008, pursuant to the Subscription Agreement dated September 15, 2008 between the Company and Paragon (See Exhibit 10.2), as filed as an Exhibit to Form 8-K, Paragon purchased an additional 300,000,000 newly issued shares of common stock of the Company for an aggregate purchase price of $225,000, resulting in Paragon owning an aggregate of 400,000,000 shares of restricted common stock of the Company and representing 93.24% of the issued and outstanding common stock of the Company.

NOTE 7.     INCOME TAXES

The Company utilizes the asset and liability method for financial accounting and reporting accounting of income taxes.  Deferred tax assets and liabilities are determined based on temporary differences between financial reporting and the tax basis of assets and liabilities, and are measured by applying enacted rates and laws to taxable years in which such differences are expected to be recovered or settled.  Any changes in tax rates or laws are recognized in the period when such changes are enacted.

For the three months ended December 31, 2009 and 2008, and the cumulative period from September 8, 2005 (inception) through December 31, 2009, for financial accounting purposes, the Company reported net losses of $4,508, $10,682 and $392,020, respectively.

6

Subject to change in control that took place in September 30, 2008; as of December 31, 2009 the Company had federal and state net operating loss carryforwards of approximately $34,677 which expire in 2029.

Utilization of these loss carryforwards may be limited by certain federal statutory provisions, including cumulative changes in ownership interests in excess of 50% over a three-year period.

As of December 31, 2009, the Company had deferred income tax assets of approximately 13,524, which result primarily from federal and state net operating loss carryforwards.  Because the Company has not yet achieved profitable operations, management believes the potential tax benefits as of December 31, 2009 will not be realized, and accordingly has recorded a valuation allowance for the entire gross tax asset.

The Company’s effective tax rate differed from the federal statutory rate due to deferred state tax assets and the Company’s full valuation allowance, the latter of which reduced the Company’s effective tax rate to zero.

As of December 31, 2009, the difference between the tax provision at the statutory federal income tax rate and the tax provision attributable to loss before income taxes is as follows (in percentages):

Statutory federal income tax rate	-34	%
State taxes - net of federal benefits	-5	%
Valuation allowance	39	%
Income tax rate – net	0	%

NOTE 8. GOING CONCERN

As of December 31, 2009 and 2008, the Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business.

As of December 31, 2009, the Company is a shell company as defined in Rule 12b-2 of the Exchange Act.  The Company’s current business is to pursue a business combination through acquisition, or merger with, an existing company. 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. No assurances can be given that the Company will be successful in locating or negotiating with any target company

As shown in the accompanying financial statements, from September 8, 2005 (inception) to December 31, 2009, the Company reported an accumulated deficit during the development stage of $392,020.

7

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

Forward-Looking Statements

This Report contains statements that we believe are, or may be considered to be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this Report regarding the prospects of our industry or our prospects, plans, financial position or business strategy, may constitute forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking words such as “may,” “will,” “expect,” “intend,” “estimate,” “foresee,” “project,” “anticipate,” “believe,” “plans,” “forecasts,” “continue” or “could” or the negatives of these terms or variations of them or similar terms. Furthermore, such forward-looking statements may be included in various filings that we make with the SEC or press releases or oral statements made by or with the approval of one of our authorized executive officers. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements contained herein, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements. You are advised, however, to consult any additional disclosures we make in our reports to the SEC. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained in this Report.

Overview

Timberjack Sporting Supplies, Inc. ("TSS," the "Company,” “we,” “us” and similar terms)was incorporated in Nevada on September 8, 2005. The Company does not have any subsidiaries. TSS had a principal business objective of providing cost effective, high quality gun care products, accessories and related sporting equipment for the discriminating consumer, at substantial savings to the rugged outdoorsman, the general public and all levels of federal, state, county and local law enforcement. In August 2008, the Company discontinued its prior business and changed its business plan.

As of December 31, 2009, the Company is currently a shell company as defined in Rule 12b-2 of the Exchange Act.

The Company's current business plan is to seek a suitable acquisition candidate through acquisition, merger, reverse merger or other suitable business combination method. We plan to seek, investigate and acquire one or more properties or businesses with the intent to maximize or further enhance shareholder value. The Company has limited capital. As such, it is unlikely that the Company will be able to take advantage of more than one such business opportunity. We intend to seek opportunities demonstrating the potential of long-term growth.

Results of Operations

For the Three Months Ended December 31, 2009

The following is a summary of the Company's cash flows from operating, investing, and financing activities:

	For the Three Months Ended
	December 31, 2009		December 31, 2008
Net Cash (Used in) Operating Activities	$	(13,958)	$	(225,115)
Net Cash Provided by Investing Activities	$	-	$	-
Net Cash Provided by Financing Activities	$	15,000	$	227,000
Net Increase in Cash and Cash Equivalents	$	1,042	$	1,885
Cash, Beginning of Period	$	13	$	115
Cash, End of Period	$	1,055	$	2,000

8

For the three months ended December 31, 2009 and 2008, we had no revenues.

Our Total Assets increased to $1,055 as of December 31, 2009 from $13 as of September 30, 2009. This increase was due to an in increase in cash on hand from a capital contribution by Paragon Capital LP in December 2009.

Our Total Liabilities decreased to $3,300 at December 31, 2009 from $12,750 at September 30, 2009. This decrease was due to a decrease in Accounts Payable. The decrease in Accounts Payable was due to the fact that as of December 31, 2009 and since August 2008, the Company has not been an operating company.  August 2008, the Company discontinued its prior business and amended its business plan to pursue a business combination through acquisition, or merger with, an existing company. The Company became a “shell company” upon the cessation of its operations in August 2008.

Our Operating Expenses decreased to $4,508 for the three months ended December 31, 2009 from $10,682 for the three months ended December 31, 2008. This decrease in Operating Expenses was due to a decrease in consulting services, legal and accounting fees in connection with the Company’s pursuit of an acquisition company and our reporting requirements to the SEC.

General and Administrative Expenses decreased to $1,508 for the three months ended December 31, 2009 from $5,682 for the three months ended December 31, 2008. The decrease in our General and Administrative Expenses was due to a decrease in consulting services, legal and accounting fees in connection with the Company’s pursuit of an acquisition company and our reporting requirements to the SEC.

We recorded a Net Loss of $4,508 for the three months ended December 31, 2009, as compared with a Net Loss of $10,682 for the quarter ended December 31, 2008. The decrease in Net Loss was due to a decrease in consulting services, legal and accounting fees in connection with the Company’s pursuit of an acquisition company and our reporting requirements to the SEC. Our Company’s resulting Net Loss for this period is primarily attributable to the general costs associated with being an SEC reporting company, and the fact that we are currently a shell company and produce no revenues.

Total Stockholders’ Deficit was reduced to $2,245 as of December 31, 2009 from $12,737 as of September 30, 2009. This decrease in Total Stockholders’ Equity was due a capital contribution of $15,000 by Paragon Capital LP, the Company’s majority shareholder.

Liquidity and Capital Resources

As of December 31, 2009, we had limited cash of $1,055 and an accumulated deficit during the development stage; September 8, 2005 (inception) to December 31, 2009) of $392,020.

Our operating activities used $13,958 in cash for the three months ended December 31, 2009, while our operations used $225,115 in cash for the three months ended December 31, 2008. The decrease in uses of operating cash was primarily attributable to that fact that we discontinued all operations and became a shell company.

As mentioned above, as of December 31, 2009, the Company is a shell company, as defined in Rule 12b-2 of the Exchange Act. The Company’s business is to pursue a business combination through acquisition, or merger with, an existing company. The Company has not conducted negotiations or entered into a letter of intent concerning any target business. No assurances can be given that the Company will be successful in locating or negotiating with any target company. In order to continue as a going concern and achieve a profitable level of operations, the Company will need, among other things, additional capital resources and developing a consistent source of revenues. 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 become profitable and to be able to sustain such profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s shareholders shall fund the Company’s activities while the Company takes steps to locate and negotiate with a business entity through acquisition, or merger with, an existing company; however, there can be no assurance these activities will be successful.

We did not realize any revenue during the three months ended December 31, 2009 and for the period September 8, 2005 (inception) to December 31, 2009.

In order to continue as a going concern and achieve a profitable level of operations, the Company will need, among other things, additional capital resources and developing a consistent source of revenues. 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 become profitable and to be able to sustain such profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

9

Due to the foregoing and our status as a shell company, as of September 30, 2009 and 2008, our auditors have expressed their doubt as to the ability to continue as a going concern.

Management believes that the Company will require a cash infusion of at least $50,000 for the next twelve months to fund its operations. Historically, we have depended on funds from our principal shareholders and their affiliated companies (to provide us with working capital as required). There is no guarantee that such funding will be available when required and there can be no assurance that our stockholders will continue making loans or advances to us in the future. The new controlling shareholder, Paragon Capital LP will be responsible for these expenses.

At December 31, 2009, the Company had no loans and notes outstanding and a current account payable of $3,300 which shall be paid  from additional capital contributions from Paragon Capital LP, the Company’s majority shareholder.

Off Balance Sheet Arrangements

As of December 31, 2009, we do not have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity or capital expenditures or capital resources that is material to an investor in our securities.

Seasonality

Our operating results are not affected by seasonality.

Inflation

Our business and operating results are not affected in any material way by inflation.

Critical Accounting Policies

The Securities and Exchange Commission issued Financial Reporting Release No. 60, "Cautionary Advice Regarding Disclosure about Critical Accounting Policies" suggesting that companies provide additional disclosure and commentary on their most critical accounting policies. In Financial Reporting Release No. 60, the Securities and Exchange Commission has defined the most critical accounting policies as the ones that are most important to the portrayal of a company's financial condition and operating results, and require management to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. The nature of our business generally does not call for the preparation or use of estimates. Due to the fact that the Company does not have any operating business, we do not believe that we do not have any such critical accounting policies.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

N/A.

Item 4T. Controls and Procedures.

Evaluation of Controls and Procedures.

In accordance with Exchange Act Rules 13a-15 and 15d-15, our management is required to perform an evaluation under the supervision and with the participation of the Company’s management, including the Company’s principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of the end of the period.

Evaluation of Disclosure Controls and Procedures

Based on their evaluation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of December 31, 2009, our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective to ensure that the information required to be disclosed by us in this Report was (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and instructions for Form 10-Q.

Our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures had the following deficiency:

10

● We were unable to maintain any segregation of duties within our business operations due to our reliance on a single individual fulfilling the role of sole officer and director. While this control deficiency did not result in any audit adjustments to our 2007 through 2009 interim or annual financial statements, it could have resulted in a material misstatement that might have been prevented or detected by a segregation of duties. Accordingly we have determined that this control deficiency constitutes a material weakness.

To the extent reasonably possible, given our limited resources, our goal is, upon consummation of a merger with a private operating company, to separate the responsibilities of principal executive officer and principal financial officer, intending to rely on two or more individuals. We will also seek to expand our current board of directors to include additional individuals willing to perform directorial functions. Since the recited remedial actions will require that we hire or engage additional personnel, this material weakness may not be overcome in the near term due to our limited financial resources. Until such remedial actions can be realized, we will continue to rely on the advice of outside professionals and consultants.

Changes in Internal Controls.

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the three months ended December 31, 2009 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

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 1A. Risk Factors.

N/A.

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

During the three months ended December 31, 2009, the Company did not issue any common stock.

As of December 31, 2009, there were 429,000,000 shares of common stock of the Company issued and outstanding.

Item 3. Defaults Upon Senior Securities.

N/A.

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

N/A.

Item 5. Other Information.

N/A.

11

Item 6. Exhibits.

Exhibit No.	Description
31.1	Certification by Alan P. Donenfeld, the Principal Executive Officer and Principal Financial Officer of Timberjack Sporting Supplies, Inc., pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification by Alan P. Donenfeld, the Principal Executive Officer and Principal Financial Officer of Timberjack Sporting Supplies, Inc., pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

12

SIGNATURES

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

Dated: January 26, 2010

TIMBERJACK SPORTING SUPPLIES, INC.

/s/ Alan P. Donenfeld                                                      

Alan P. Donenfeld

Chief Executive Officer, President and Chairman

(Principal Executive Officer)

(Principal Financial/Accounting Officer)

13