Mac Filmworks, Inc - Statements of Operations Three and Nine...

Mac Filmworks, Inc - Recent Material Event

Item 1.	Financial Statements.	1

		Balance Sheets dated September 30, 2007 and	1
		December 31, 2006 (unaudited)

		Statements of Operations Three and Nine Months Ended September 30, 2007 and 2006, and the Period from	2
		November 22, 1994 (Inception) to September 30, 2007 (unaudited)

		Statements of Cash Flows Three and Nine Months Ended September 30, 2007 and 2006, and the Period from	3
		November 22, 1994 (Inception) to September 30, 2007 (unaudited)

		Notes to Financial Statements (unaudited)	4

	Item 2.	Management’s Discussion and Analysis	4

	Item 3.	Controls and Procedures	6

Part II		Other Information	6

	Item 1.	Legal Proceedings	6

	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	6

	Item 3.	Defaults Upon Senior Securities	6

	Item 4.	Submission of Matters to a Vote of Security Holders	6

	Item 5.	Other Information.	6

	Item 6.	Exhibits and Reports on Form 8-K	7

		Signatures	8

PART I

ITEM 1. FINANCIAL STATEMENTS

MAC FILMWORKS, INC.

(A Development Stage Company)

BALANCE SHEETS

(unaudited)

	September 30,			December 31,
	2007			2006

Assets
Current Assets
Cash	$	648		$	160,280
Assets held for sale		96,519			17,641
Total Current Assets		97,167			177,921
Total Assets	$	97,167		$	177,921

Liabilities and Stockholders' Deficit

Current Liabilities
Accounts payable	$	22,000		$	-
Stock payable		100,000			-
Liabilities held for sale		861,481			640,750
Total Current Liabilities		983,481			640,750

Commitments and contingencies		-			-

Stockholders' Deficit
Preferred stock, $.0001 par, 10,000,000 shares
authorized, no shares issued or outstanding		-			-
Common stock, $.0001 par, 50,000,000 shares
authorized, 11,804,658 and 10,804,658 shares issued
and outstanding respectively		1,180			1,080
Paid-in capital		1,615,895			1,437,719
Deficit accumulated during the development stage		(2,503,389	)		(1,901,628	)
Total Stockholders' Deficit		(886,314	)		(462,829	)
Total Liabilities and Stockholders' Deficit	$	97,167		$	177,921

MAC FILMWORKS, INC.

(A Development Stage Company)

STATEMENTS OF OPERATIONS

For the Three and Six Months Ended September 30, 2007 and 2006,

and the Period from November 22, 1994 (Inception) to

September 30, 2007

(Unaudited)

													Inception to
	Three Months						Nine Months						September 30,
	2007			2006			2007			2006			2007

Revenues	$	-		$	-		$	-		$	-		$	-

Operating Expenses		-			-			-			-			-

Loss from discontinued operations		(131,764	)		(111,822	)		(601,760	)		(237,203	)		(2,503,389	)

Net loss	$	(131,764	)	$	(111,822	)	$	(601,760	)	$	(237,203	)	$