WINDGEN ENERGY, INC. - Quarter Report: 2008 March (Form 10-Q)

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		As of
		March 31,
		2008
		(Unaudited)
ASSETS
CURRENT ASSETS:
Cash & cash equivalents		$	11,969
Prepaid expenses and other			200
Total current assets			12,169
EQUIPMENT AND FURNITURE,
at cost, less accumulated depreciation of $254,947			274
Total assets		$	12,443
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Related party consulting fees payable		$	84,000
Accounts payable			21,232
Note payable			225,033
Accrued payroll			12,000
Accrued interest			20,362
Related party royalty payable			83,333
Preferred stock dividend payable			51,069
Total current liabilities			497,029
MINORITY INTEREST			(217,169	)
STOCKHOLDERS' EQUITY:
Preferred stock, 10,000,000 shares authorized;
Series A preferred stock, cumulative and
convertible, $4.50 par value, 1,000,000 shares
designated, 21,016 shares issued and outstanding			94,573
Common stock, $.001 par value; 40,000,000
shares authorized, 18,629,493 issued and outstanding			18,629
Additional paid-in capital			8,426,839
Accumulated deficit			(8,807,458	)
Total stockholders equity			(267,417	)
Total liabilities and stockholders' equity		$	12,443

		For the Three
		Months Ended
		March 31,
		2008				2007
		(Unaudited)
TOTAL ROYALTY REVENUES		$	-0-				-0-
OPERATING EXPENSES:
General and administrative			58,973				52,887
Research and development			-0-				-0-
Total operating expenses			58,973				52,887
LOSS FROM OPERATIONS			(58,973	)			(52,887	)
OTHER (EXPENSE) INCOME
Other (expense) income, net			(3,867	)			(2,714	)
Total other (expense) income			(3,867	)			(2,714	)
LOSS BEFORE MINORITY INTEREST			(62,840	)			(55,601	)
MINORITY INTEREST			24,558				23,848
NET LOSS			(38,282	)			(31,753	)
PREFERRED STOCK DIVIDENDS			(1,892	)			(1,892	)
NET LOSS APPLICABLE TO COMMON STOCKHOLDERS		$	(40,174	)		$	(34,645	)
NET LOSS PER COMMON SHARE (BASIC AND DILUTED)		$	(.00	)		$	(.00	)
Weighted average number of common shares outstanding			18,629,493				18,629,493

		For the Three
		Months Ended
		March 31,
		2008				2007
		(Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss		$	(38,282	)		$	( 31,753	)
Adjustments to reconcile net loss to net cash used in operating activities-
Depreciation and amortization			91				123
Minority interest in losses			(24,558	)			(23,848	)
Change in assets and liabilities
Account receivable			-0-				(200	)
Consulting fee payable to related party			6,000				6,000
Royalty payable to Related party			10,000				10,000
Accounts payable			15,730				-0-
Accrued interest payable			3,866				2,713
Accrued payroll and related taxes			12,000				-0-
Net cash used in operating activities			(15,153	)			(36,965	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from note receivable			-0-				-0-
Net cash provided by investing activities			-0-				-0-
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable			24,416				21,998
Payments on notes payable			-0-				-0-
Net cash provided by financing activities			24,416				21,998
NET INCREASE (DECREASE) IN CASH			9,263				(14,967	)
CASH AT BEGINNING OF PERIOD			2,706				34,079
CASH AT END OF PERIOD		$	11,969			$	19,112

FORM 10Q – MARCH 31, 2008

EXHIBIT NUMBER	DESCRIPTION
31.1	Section 302 Certifications of Ralph Henson
31.2	Section 302 Certifications of Richard Bruggeman
32.2	Sarbanes-Oxley Section 906 Certification