10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________

FORM 10-Q/A

(Amendment No. 3)

____________________

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2011

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

For the transition period from ____________ to____________

Commission File No. 333-150883

THERMAL TENNIS INC.

(Exact name of Registrant as specified in its charter)

Nevada	88-0367706
(State or Other Jurisdiction of	(I.R.S. Employer Identification No.)
incorporation or organization)

4950 Golden Springs Drive

Reno, Nevada 89509

(Address of Principal Executive Offices)

(775) 560-6659

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year,

if changed since last report)

Indicate by check mark whether the Registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the “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 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 during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  N/A

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 definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.  (Check one):

Large accelerated filer [  ]      Accelerated filer [  ]       Non-accelerated filer [  ]      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 [  ] No [X ]

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.      

Not applicable.

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the Registrant’s classes of common stock, as of the latest practicable date:  September 14, 2011 – 1,676,000 shares of common stock.

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EXPLANATORY NOTE

The purpose of this Amendment No. 3 to the Quarterly Report of Thermal Tennis Inc. (the “Company”) on Form 10-Q for the quarterly period ended June 30, 2011, filed with the Securities and Exchange Commission on August 15, 2011 (the “Form 10-Q”), is to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T.  Exhibit 101 to this report provides the financial statements and related notes from the Form 10-Q formatted in XBRL (eXtensible Business Reporting Language).

Other than the aforementioned, no other changes have been made to the Form 10-Q.  This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

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Item 6. Exhibits.

Exhibit No.                         Identification of Exhibit

31 32	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of Robert R. Deller. Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of Robert R. Deller.
101	Interactive Data Files

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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

THERMAL TENNIS INC.

/s/ Robert R. Deller

_____________________________________________

Robert R. Deller

Principal Executive Officer

Principal Financial Officer

Principal Accounting Officer

Date:  September 14, 2011

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EX-31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Robert R. Deller, certify that:

1.   I have reviewed this Quarterly Report on Form 10-Q/A of Thermal Tennis 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.   The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the Registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;

c) evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our 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

d) 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 (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5.   The Registrant’s other certifying officer(s) and I have disclosed, based on our 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.

Date:	September 14, 2011	By:	/s/Robert R. Deller
			Robert R. Deller Principal Executive Officer Principal Financial Officer

EX-32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Thermal Tennis Inc. (the "Registrant") on Form 10-Q/A for the quarter ended June 30, 2011, as filed with the Commission on the date hereof (the "Quarterly Report"), I, Robert R. Deller, Principal Executive Officer and Principal Financial Officer of the Registrant, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Quarterly Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

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

Dated:  September 14, 2011

/s/Robert R. Deller

Robert R. Deller,

Principal Executive Officer

Principal Financial Officer

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Condensed Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2011	Dec. 31, 2010
Common Stock, par or stated value	$ 0.001	$ 0.001
Common Stock, shares authorized	50,000,000	50,000,000
Common Stock, shares issued	1,676,000	1,676,000
Common Stock, shares outstanding	1,676,000	1,676,000

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Condensed Statements Of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
SALES, Net of Returns, Allowances and Discounts	$ 41,910	$ 34,367	$ 52,053	$ 45,802
COST OF SALES	34,516	31,258	43,933	42,436
GROSS PROFIT	7,394	3,109	8,120	3,366
EXPENSES:
General and administrative expenses	7,440	9,692	20,010	18,480
TOTAL OPERATING EXPENSES	7,440	9,692	20,010	18,480
(LOSS) BEFORE OTHER (EXPENSE) AND INCOME TAXES	(46)	(6,583)	(11,890)	(15,114)
OTHER INCOME/(EXPENSE)
Interest income				1
Interest expense	(1,636)	(1,075)	(3,050)	(2,061)
Total other income/(expense)	(1,636)	(1,075)	(3,050)	(2,060)
(LOSS) BEFORE INCOME TAXES	(1,682)	(7,658)	(14,940)	(17,174)
NET LOSS	$ (1,682)	$ (7,658)	$ (14,940)	$ (17,174)
(LOSS) PER SHARE-FULLY DILUTED	$ 0.00	$ 0.00	$ (0.01)	$ (0.01)
WEIGHTED AVERAGE SHARES OUTSTANDING	1,676,000	1,676,000	1,676,000	1,675,503

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Document and Entity Information	3 Months Ended
	Jun. 30, 2011	Aug. 10, 2011
Document and Entity Information
Entity Registrant Name	Thermal Tennis Inc.
Document Type	10-Q
Document Period End Date	Jun. 30, 2011
Amendment Flag	false
Entity Central Index Key	0001417028
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		1,676,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q2

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Related Party Transactions

3 Months Ended

Jun. 30, 2011

Related Party Transactions

Related Party Transactions

NOTE G – RELATED PARTY TRANSACTIONS

The Company recognized $750 of expense in the three months ended June 30, 2011, which represented the value of the rent associated with the sole officer’s home office.  This amount recognized in the second quarter in the amount of $750 was contributed to additional paid-in capital for the quarter ended June 30, 2011 and $750 for the first quarter.  An amount of $212 in accounts payable to the president, was contributed to additional paid-in capital for the quarter ended March 31, 2011.

The President of the Company loaned in the quarter ended June 30, 2011, as described in Note D under notes payable-related parties, $9,000 that is due January 1, 2012 with interest at 10%.

The President of the Company loaned in the quarter ended March 31, 2011, as described in Note D under notes payable-related parties, $7,000 that is due January 1, 2012 with interest at 10%.

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Going Concern

3 Months Ended

Jun. 30, 2011

Going Concern

Going Concern

NOTE C - GOING CONCERN

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 generated a net loss from its operations in 2010 and 2009.  Additionally, the revenue base of the Company is seasonal and the Company receives a majority of its revenues in the second and third quarters of the Calendar year.  It also sustained operating losses in prior years. Additionally, due to the current and prior year net operating loss, the Company currently has a deficit in its stockholders’ equity account.  These factors raise substantial doubt as to its ability to obtain debt and/or equity financing and achieving future profitable operations.

Management intends to raise additional operating funds through equity and/or debt offerings.  However, there can be no assurance management will be successful in its endeavors.  Ultimately, the Company will need to achieve profitable operations in order to continue as a going concern.

There are no assurances that Thermal Tennis Inc. will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements.  To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital.  No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to Thermal Tennis Inc.  If adequate working capital is not available Thermal Tennis Inc. may be required to curtail its operations.

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Subsequent Events

3 Months Ended

Jun. 30, 2011

Subsequent Events

Subsequent Events [Text Block]

NOTE H – SUBSEQUENT EVENT

In July 2011 an officer of the Company made an additional loan to the Company in the amount of $4,000 to cover the costs of operations.

The Company has evaluated subsequent events pursuant to ASC 855 and has determined that there are no other reportable subsequent events.

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Presentation

3 Months Ended

Jun. 30, 2011

Presentation

Presentation

NOTE A - PRESENTATION

The balance sheets of the Company as of June 30, 2011 and December 31, 2010, the related statements of operations for the six months and three months ended June 30, 2011 and 2010 and the statements of cash flows for the six months and three months ended June 30, 2011 and 2010, (the financial statements) include all adjustments (consisting of normal recurring adjustments) necessary to summarize fairly the Company's financial position and results of operations. The results of operations for the three months ended June 30, 2011 and 2010 are not necessarily indicative of the results of operations for the full year or any other interim period. The information included in this set of financial statements should be read in conjunction with Management's Discussion and Analysis and Financial Statements and notes thereto included in the Company's Form 10-K.

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Notes Payable- Related Parties

3 Months Ended

Jun. 30, 2011

Notes Payable- Related Parties

Notes Payable- Related Parties

NOTE D – NOTES PAYABLE-RELATED PARTIES

The Company’s related party notes payable, all due currently, consists of the following:

	June 30,2011
Note payable, 10% interest, principle and interest due June 1, 2012	$	16,000
Note payable, 10% interest, principle and interest due June 1, 2012(1)(2)		32,000
Note payable, 10% interest, principle and interest due June 1, 2012(1)		20,000
	$	68,000

(1)	The notes listed above represent credit lines that allow the Company to borrow up to $25,000 on each note to pay the ongoing expenses of the company.
(2)	The lender made the additional loan above the original terms and conditions of the note without amending the credit line.

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Recently Enacted Accounting Pronouncements

3 Months Ended

Jun. 30, 2011

Recently Enacted Accounting Pronouncements

Recently Enacted Accounting Pronouncements

NOTE E – RECENTLY ENACTED ACCOUNTING PRONOUNCEMENTS

There have been no developments to recently issued accounting standards, including the expected dates of adoption and estimated effects on our financial statements, from those disclosed in the our Annual Report on Form 10-K for the year ended December 31, 2010.

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Income Taxes

3 Months Ended

Jun. 30, 2011

Income Taxes

Income Taxes

NOTE F – INCOME TAXES

Effective January 1, 2007, we adopted the provisions of ASC 740-10, Accounting for Uncertainty in Income Taxes). ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements. ASC 740-10 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. The application of income tax law is inherently complex. Laws and regulation in this area are voluminous and are often ambiguous. As such, we are required to make many subjective assumptions and judgments regarding the income tax exposures. Interpretations of and guidance surrounding income tax laws and regulations change over time. As such, changes in the subjective assumptions and judgments can materially affect amounts recognized in the balance sheets and statements of income.

At the adoption date of January 1, 2007, we had no unrecognized tax benefit, which would affect the effective tax rate if recognized. There has been no significant change in the unrecognized tax benefit during the three months ended June 30, 2011.

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Condensed Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (14,940)	$ (17,174)
Adjustments to reconcile net loss to net cash used in operating activities:
Contribution of rent expense by a related party	1,500
Changes in assets and liabilities:
(Increase) in accounts receivable	(2,108)	(956)
(Increase) in prepaid insurance	(922)	(853)
Decrease in due from officer		1,500
Increase in accrued expenses-Related parties	2,838	2,061
Increase/(decrease) in accounts payable and accrued expenses	(5,455)	5,104
Net cash (used) by operating activities	(19,087)	(10,318)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash provided by (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in notes payable	22,000	6,000
Proceeds from the sale of common stock		1,000
Net cash provided by financing activities	22,000	7,000
Net increase/(decrease) in cash	2,913	(3,318)
CASH AT BEGINNING PERIOD	2,330	7,735
CASH AT END OF PERIOD	5,243	4,417
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes
Cash paid for interest expense
NON-CASH TRANSACTION-OPERATING ACTIVITIES
Contribution of accrued interest by; a related party	$ 212

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Revenue Recognition

3 Months Ended

Jun. 30, 2011

Revenue Recognition

Revenue Recognition

NOTE B - REVENUE RECOGNITION

The Company recognizes revenue in accordance with the Securities and Exchange Commission Staff Accounting Bulletin (SAB) number 104, which states that revenues are generally recognized when it is realized and earned.  Specifically, the Company recognizes revenue when services are performed and projects are completed and accepted by the customer.  Revenues are earned from tennis lessons, sales of ball machines and other related services.

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Condensed Balance Sheets (USD $)	Jun. 30, 2011	Dec. 31, 2010
CURRENT ASSETS:
Cash	$ 5,243	$ 2,330
Accounts receivable, net	3,434	1,326
Prepaids	1,355	433
Total Current Assets	10,032	4,089
TOTAL ASSETS	10,032	4,089
CURRENT LIABILITIES:
Accounts payable and accrued expenses	12,897	18,565
Accounts payable and accrued expenses-Related parties	16,914	14,076
Notes payable-Related parties	68,000	46,000
Total Current Liabilities	97,811	78,641
Total Liabilities	97,811	78,641
STOCKHOLDERS' DEFICIT:
Capital stock, $.001 par value; 50,000,000 shares authorized; 1,676,000 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively	1,676	1,676
Additional paid-in capital	35,829	34,116
Accumulated deficit	(125,284)	(110,344)
Total Stockholders' Deficit	(87,779)	(74,552)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 10,032	$ 4,089