STQN Strategic Aquisitions Inc (PK)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-QSB

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 For the quarterly period ended March 31, 2008

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

Commission file number 0-28963

STRATEGIC ACQUISITIONS, INC.
(Exact name of small business issuer as specified in its charter)

 Nevada 13-3506506
(State or Other Jurisdiction of (IRS Employer Identification No.)
Incorporation or Organization)

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDING DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act 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 is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [X] No [ ]

State the number of shared outstanding of each of the issuer's classes of common equity, as for the latest practicable date: as of March 31, 2008, a total of 1,610,000 shares of Common Stock, par value $.001 per share, were issued and outstanding.

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

PART I - FINANCIAL INFORMATION

ITEM 1 FINANCIAL STATEMENTS

STRATEGIC ACQUISITIONS INC.
(A Development Stage Company)

BALANCE SHEET
(UNAUDITED)

ASSETS

Current Assets:

 Cash and Equivalents $ 72,087
 -------
 TOTAL CURRENT ASSETS $ 72,087
 =======

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

 Accounts Payable $ -
 -------
 TOTAL CURRENT LIABILITIES $ -
 =======
Stockholders' Equity
 Common Stock, $0.001 par value; 50,000,000
 Shares authorized; 1,610,000 shares
 issued and outstanding $ 1,610
 Additional Paid-In Capital 186,793
 Accumulated Deficit (116,316)
 --------
 TOTAL STOCKHOLDERS' EQUITY 72,087
 -------
 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 72,087
 =======

The accompanying note is an integral part of these financial statements.

Strategic Acquisitions Inc.
(A Development Stage Company)

STATEMENTS OF OPERATIONS
(UNAUDITED)

 For the
 period from For the For the
 inception three three
 (January 27, months months
 1989) to ended ended
 March 31, March 31, March 31,
 2008 2008 2007
 ----------- ----------- -----------

REVENUES $ - $ - $ -
 ----------- ----------- -----------

EXPENSES

 General & Administrative $ 217,577 $ 4,325 $ 2,748
 General & Administrative
 - related party 8,100 - -
 ----------- ----------- -----------
 Total Expenses 225,677 4,325 2,748
 ----------- ----------- -----------

Other Income:
 Interest Income 64,380 807 591
 Miscellaneous Income 30,013
 Gain on Debt Extinguishment 14,968 - -
 ----------- ----------- -----------
 Total Other Income 109,361 807 591


 NET INCOME (LOSS) $ (116,316) $ (3,518) $ (2,157)
 =========== =========== ===========


Weighted Average Number of
 Common Shares Outstanding 1,598,769 1,610,000 1,610,000
 =========== =========== ===========

Net Income (Loss) per Common Share
 - Basic and Fully Diluted $ (0.07) $ (0.00) $ (0.00)
 =========== =========== ===========

The accompanying note is an integral part of these financial statements.

STRATEGIC ACQUISITIONS INC.
(A Development Stage Company)

STATEMENTS OF CASH FLOWS

 For the period For the For the
 from inception three months three months
(January 27, 1989) ended ended
 to March 31, March 31, March 31,
 2008 2008 2007
 ---------- ---------- -----------

CASH FLOWS FROM OPERATING ACTIVITIES:

 Net Loss $ (116,316) $ (3,518) $ (2,157)

Adjustments to Reconcile Net Loss to
 Net Cash Used by Operating Activities:

 Stock issued for Services -
 related party 3,100 - -
 Increase (decrease) in accounts payable - - (507)
 ---------- ---------- ----------

 Net cash flows from Operating Activities (113,216) (3,518) (2,664)

CASH FLOWS FROM FINANCING ACTIVITIES

 Issuance of common stock, net of costs 185,303 - -
 ---------- ---------- ----------

 Net cash flows from financing activities 185,303 - -
 ---------- ---------- ----------
NET INCREASE (DECREASE) IN CASH
 AND CASH EQUIVALENTS 72,087 (3,518) (2,664)

CASH AND CASH EQUIVALENTS,
 BEGINNING OF PERIOD - 75,605 80,273
 ---------- ---------- ----------

CASH AND CASH EQUIVALENTS,
 END OF PERIOD $ 72,087 $ 72,087 $ 77,609
 ========== ========== ==========

The accompanying note is an integral part of these financial statements.

STRATEGIC ACQUISITIONS INC.
(A Development Stage Company)

NOTE TO FINANCIAL STATEMENTS
MARCH 31, 2008
(UNAUDITED)

NOTE 1 - BASIS OF PRESENTATION

The consolidated interim financial statements included herein, presented in conformity with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.

These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these consolidated interim financial statements be read in conjunction with the financial statements of the Company for the year ended December 31, 2007 and notes thereto included in the Company's 10-KSB annual report. The Company follows the same accounting policies in the preparation of interim reports.

Results of operations for interim periods are not indicative of annual results.

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

PLAN OF OPERATION:

The following Plan of Operations should be read in conjunction with the accompanying financial statements for the three-month period ended March 31, 2008 and the Form 10-KSB for the fiscal year ended December 31, 2007.

The Company remains in the development stage and has limited capital resources and stockholder's equity. At March 31, 2008, the Company had current assets in the form of cash and cash equivalents of $72,087 and liabilities of $0.

The Company has not realized any revenues from operations in the past two years, and its plan of operation for the next twelve months shall be to continue to locate a suitable acquisition/merger candidate. The Company can provide no assurance that it will continue to satisfy its cash requirements for at least the next twelve months if a suitable acquisition/merger is completed.

It is unlikely the Company will have any revenue, other than interest income, unless it is able to effect an acquisition of or merger with an operating company, of which there can be no assurance.

ITEM 3. CONTROLS AND PROCEDURES

As of the end of the period covered by this report, the Company conducted an evaluation, under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer, of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"). Based on this evaluation, the Principal Executive Officer and Principal Financial Officer concluded that the Company's disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms. Additionally, the Principal Executive Officer and Principal Financial Officer concluded that the Company's disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is communicated to the Principal Executive Officer and Principal Financial Officer, as appropriate to allow timely decisions regarding disclosure. There was no change in the Company's internal control over financial reporting during the Company's most recently completed fiscal quarter 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
None

ITEM 2. CHANGES IN SECURITIES
None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None

ITEM 5. OTHER INFORMATION
None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

31.1 Certification by the Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-0xley Act of 2002

32.1 Certification by the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, Section 906 of the Sarbanes-Oxley Act of 2002

(b) Reports on Form 8-K:

None.

SIGNATURES:

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

DATED: May 15, 2008

STRATEGIC ACQUISITIONS, INC.

BY: /S/ JOHN P. O'SHEA
 ----------------------------------
 John P. O'Shea, President

Exhibit 31.1 Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, John P. O'Shea, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Strategic Acquisitions, Inc. (the "Registrant");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Registrant and have:

a) designed such disclosure controls and procedures to ensure that material information relating to the Registrant is made known to me, particularly during the period in which this report is being prepared. The Registrant has no consolidated or unconsolidated subsidiaries;

b) evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

c) disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

/s/ JOHN P. O'SHEA May 15, 2008
---------------------------------------
John P. O'Shea
Principal Executive Officer and
Principal Financial Officer

Exhibit 32.1 Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the filing of the Quarterly Report of Strategic Acquisitions, Inc. (the "Company") on Form 10-QSB for the period ended March 31, 2008 as filed with the Securities and Exchange Commission on the date hereof, I, John P. O'Shea, President of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ JOHN P. O'SHEA May 15, 2008
---------------------------------
John P. O'Shea
Principal Executive Officer and
Principal Financial Officer

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