10QSB

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-QSB

QUARTERLY REPORT UNDER SECTION 13 OR 13(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended February 29, 2008

TENANTWIZ SOFTWARE CORP.

(Exact name of small business issuer as specified in its charter)

Nevada	26-0830987
(State or Jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

17022 Calahan Street

Northridge, CA 91325

(Address of principal executive offices)

(775) 882-3072

(Issuer’s Telephone Number and Area Code)

N/A

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

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date:  As of February 29, 2008, there were 10,000,000 shares issued and outstanding.

Transitional Small Business Disclosure Form (Check one):

Yes

[  ]

No

[X]

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PART I – FINANCIAL INFORMATION

Item 1.  Financial Statements

TenantWIZ Software Corp.

(A Development Stage Company)

Financial Statements (Unaudited)

For the three and six months ended February 29, 2008,

and the period from May 21, 2007 (Inception) to February 29, 2008

2

TenantWIZ Software Corp.

(A Development Stage Company)

Index to Financial Statements (Unaudited)

For the three and six months ended February 29, 2008,

and the period from May 21, 2007 (Inception) to February 29, 2008

  Page(s)

Balance Sheet as of February 29, 2008 (Unaudited)

3

Statements of Operations (Unaudited) for the three and six months ended February 29, 2008;

    and cumulative for the period from May 21, 2007 (Inception) to February 29, 2008

4

Statements of Cash Flows (Unaudited) for the six months ended February 29, 2008;

and cumulative for the period from May 21, 2007 (Inception) to February 29, 2008

5

Notes to the Financial Statements (Unaudited)                                                         

6-7

3

TenantWIZ Software Corp.

(A Development Stage Company)

Balance Sheet (Unaudited)

As of February 29, 2008

ASSETS

Current assets:

Cash and cash equivalents

$

56

Prepaid expenses

162

Total current assets

218

Total assets

$

 218

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current liabilities

Accounts payable

$

180

Total current liabilities

180

Stockholders’ Deficit

Common stock, par value $.001, 100,000,000 shares

authorized, 10,000,000 shares issued and outstanding

10,000

Additional paid-in capital

18,407

Deficit accumulated during the development stage

(28,369)

Total stockholders’ deficit

38

Total liabilities and stockholders’ deficit

$

218

See accompanying notes to the financial statements.

4

TenantWIZ Software Corp.

(A Development Stage Company)

Statements of Operations (Unaudited)

For the period

For the six

For the three

from May 21,

months ended

months ended

2007 (Inception) to

February 29, 2008

February 29, 2008

February 29, 2008

Revenues:

$

-

$

-

$

-

Operating expenses:

     Selling, general and administrative

26,244

11,916

28,369

Operating loss before income taxes

(26,244)

(11,916)

(28,369)

Income tax expense (benefit)

-

-

-

Net loss available to common stockholders

$

(26,244)

$

(11,916)

$

(28,369)

Basic and diluted loss per common share

$                    (.00)

$                    (.00)

Weighted average shares outstanding

 10,000,000

10,000,000

See accompanying notes to the financial statements.

5

TenantWIZ Software Corp.

(A Development Stage Company)

Statements of Cash Flows (Unaudited)

  For the period

       For the six

       from May 21,

months ended

2007 (Inception) to

February 29, 2008

  February 29, 2008

Cash flows from operating activities:

Net loss

$

(26,244)

$

(28,369)

Adjustments to reconcile net loss to

net cash used in operating activities

Prepaid expenses

(162)

(162)

Accounts payable

180

180

Net cash used in operating activities

(26,226)

(28,351)

Cash flows from investing activities:

Net cash provided by investing activities

-

-

Cash flows from financing activities:

Shareholder contributions

18,407

18,407  

Issuance of common stock for cash

5,250

10,000

Net cash provided by financing activities

23,657

28,407

Net increase in cash and cash equivalents

(2,569)

56

Cash at beginning of period

2,625

-

Cash at end of period

$

56

$

56

Cash paid for interest

$

-

$

-

Cash paid for income taxes

$

-

$

-

See accompanying notes to the financial statements.

6

TenantWIZ Software Corp.

(A Development Stage Company)

Notes to the Financial Statements (Unaudited)

For the three and six months ended February 29, 2008,

and the period of May 21, 2007 (Inception) to February 29, 2008

1.

BASIS OF FINANCIAL STATEMENT PRESENTATION

The accompanying unaudited condensed financial statements have been prepared by the Company 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 U.S. generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations.  The information furnished in the interim condensed financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements.  Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim condensed financial statements be read in conjunction with the Company's audited financial statements and notes thereto included in its Form SB-2/A filed on December 10, 2007.  Operating results for the period from May 21, 2007 (Inception) to February 29, 2008 are not necessarily indicative of the results to be expected for the fiscal year ending August 31, 2008.

2.  ORGANIZATION

TenantWIZ Software Corp. (the “Company”) was incorporated on May 21, 2007, in the State of Nevada, U.S.A.  Its principal offices are based in Los Angeles, California.  The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, and the Company’s fiscal year end is August 31.

The Company is a development stage company that engages primarily in the development of intelligent Web-based software solutions.  Utilizing its Internet software, the Company provides a vacation rental software suite that allows individuals with little to no experience of complex programming languages or Website design knowledge to build, market and maintain a professional vacation rental website.  To date, the Company’s activities have been limited to its formation, minimal operations and the raising of equity capital.

3.  SIGNIFICANT ACCOUNTING POLICIES

USE OF ESTIMATES

The preparation of the Company’s financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period.  Actual results could differ from those estimates.  The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.

4.  MATERIAL TRANSACTIONS

During the six month period ended February 29, 2008, the Company’s President personally funded $18,407 of the Company’s operating expenses.  This amount has been recorded in selling, general and administrative expenses for the six month period ended February 29, 2008, and in contributed capital as of February 29, 2008.     

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TenantWIZ Software Corp.

(A Development Stage Company)

Notes to the Financial Statements (Unaudited)

For the three and six months ended February 29, 2008,

and the period of May 21, 2007 (Inception) to February 29, 2008

5.  GOING CONCERN AND LIQUIDITY CONSIDERATIONS

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business.  As of February 29, 2008, the Company has a positive working capital balance of $38 and an accumulated deficit of $28,369.  The Company intends to fund operations through equity financing arrangements, including personal capital contributions, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the next twelve months.

The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and its ability to implement its business plan and ultimately, recognize revenues.

In response to these problems, management intends to raise additional funds through public or private placement offerings, and to contribute personal capital as necessary.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.  The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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Item 2.  Plan of Operation

We are a development stage corporation organized to enter into the vacation rental software services industry.  We have not yet generated any revenues from business operations.

Our auditors have issued a going concern opinion on our August 31, 2007, audited financial statements.  This means there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our expenses.  This is because we have not generated any revenues and no revenues are anticipated until we begin marketing our services to customers.  Accordingly, if we are not able to begin generating income from operations, in order to continue implementing our business plan and conducting active business operations, we will be forced to seek alternate forms of financing.  

From inception to February 29, 2008, the Company's business operations have primarily been focused on developing our business model and marketing strategy.  The Company has been conducting industry market research and an analysis of our competitors.  Our initial research has focused on identifying the best value for our initial marketing campaign in terms of client demographics and the current economic environment.

The Company anticipates finalizing its initial advertising plan within the next ninety (90) to one hundred eighty (180) days. The Company has budgeted approximately $5,000 to spend on developing its initial advertising strategy.

When the Company has determined the best location for our initial sales office, we will engage the services of a sales agent to begin implementing our marketing plan in that area. Such initial activities will include building a list of potential clients and client servicing needs. The Company will search for suitable office space in the preferred locale based on the results of its demographic research.  To offset expenses incurred during this period, the Company may look at securing a shared space in an office with another non-competing business.  Upon finding the appropriate location, the Company will enter into a lease or sub-lease agreement.  We believe that we will have secured our initial office location within the next one hundred twenty (120) to one hundred eighty (180) days.  The Company anticipates expending approximately $5,000 in its efforts to secure office space.

The Company will purchase a computer system and other office equipment and supplies for our initial sales office. The Company estimates that these equipment expenditures for the office will be approximately $9,500.  The Company will also design and have printed all of the necessary forms and agreements used in its operations, at an estimated cost of $3,000.

Because we do not currently have sufficient cash to complete our current business plan, we will be required to obtain financing through a sale of equity, the issuance of debt, or both.  Failure to obtain sufficient financing will require us to curtail our business plan and delay the launch of our products.

9

Off Balance Sheet Arrangements

We have no off balance sheet arrangements with any party.

Item 3.  Controls and Procedures.

As of the end of the period covered by this report, TenantWIZ carried out an evaluation of the effectiveness of the Company’s disclosure controls and procedures (as defined by Rule 13-15(e) under the Securities Exchange Act of 1934) under the supervision and with the participation of TenantWIZ Chief Executive Officer and Chief Financial Officer. Based on and as of the date of such evaluation, the aforementioned officers have concluded that TenantWIZ’s disclosure controls and procedures were effective.

TenantWIZ also maintains a system of internal accounting controls that is designed to provide assurance that assets are safeguarded and that transactions are executed in accordance with management’s authorization and properly recorded. This system is continually reviewed and is augmented by written policies and procedures, the careful selection and training of qualified personnel and an internal audit program to monitor its effectiveness.

There were no significant changes in TenantWIZ’s internal controls or in other factors that could significantly affect these controls from May 21, 2007 (Inception) to February 29, 2008. There were no significant deficiencies or material weaknesses, and therefore there were no corrective actions taken.  It should be noted that any system of controls, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the system are met. In addition, the design of any control system is based in part upon certain assumptions about the likelihood of future events. Because of these and other inherent limitations of control systems, there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how remote.

PART II – OTHER INFORMATION

Item 6.  Exhibits

The following documents are attached hereto:

Exhibit No.

Document

31

Rule 13a-41(a)/14d-14(a) Certifications

32

Section 1350 Certifications

10

SIGNATURES

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

TENANTWIZ SOFTWARE CORP.

April 15, 2008

/s/ Robert Kanaat

DATE

ROBERT KANAAT, PRESIDENT

11

EX-31

Exhibit 31

CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Robert Kanaat, certify that:

1.

I have reviewed this quarterly report of TenantWiz Software Corp.

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 small business issuer as of, and for, the periods presented in this report;

4.

The small business issuer’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 Rules 13a-15(f) and 15d-15(f) for the small business issuer 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 small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the 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 principles;

c.

Evaluated the effectiveness of the small business issuer’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 small business issuer’s internal control over financial reporting that occurred during the small business issuer’s most recent fiscal quarter (the small business issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer’s internal control over financial reporting; and

5.

The small business issuer’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer’s auditors and the audit committee of the small business issuer’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 small business issuer’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 small business issuer’s internal control over financial reporting.

Date:

April 15, 2008

/s/ Robert Kanaat

Robert Kanaat

President, CEO, CFO

1

EX-32

Exhibit 32

CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

In connection with the Quarterly Report of TenantWiz Software Corp., a Nevada corporation (the “Company”), on Form 10-QSB for the quarter ending February 28, 2008, as filed with the Securities and Exchange Commission (the “Report”), I, Robert Kanaat, President/CEO/CFO of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), that to my knowledge:

(1) The 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 Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Robert Kanaat

Robert Kanaat, President, CEO, CFO

Dated:  April 15, 2008

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