FORM 10-Q: FIRST QUARTERLY REPORT

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

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended July 5, 2007

Sherwood-Sharma Family Offspring: Deven Reid Sharma

(Exact name of registrant as specified in its charter)

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements (unaudited)
Condensed Consolidated Balance Sheets as of July 5, 2007

Assets

• Cute Smile
• Cradle Cap (see Rockstar photo - see what the wonders of olive oil can do in very thin hair!
• Gurgles, squeaks, and grunts
• Plenty o' healthy-poopy-diapers
• Drool-and-bubbles galore!

Liabilities

• New screams that could wake the dead
• Occasional crying bouts that leave us wondering "what happened?"
• Poopy Diapers - the Prince still complains every time he has one one!
• Cradle Cap (yes, it's both an Asset and a Liability!)

Owners' Equity

• Deven, being the owner of everything in our house now, has at least been kind to his mom's personal milk-factories, leaving an acceptable supply for when he really needs it. This is a very good thing...

Condensed Consolidated Statements of Operations for the three months ended July 5, 2007: The Amazing Doubling Baby!

Wow, Deven has really grown! He weighed in at 14 lbs, 9 oz today (fully clothed), so he's almost doubled his birth weight in only 3 months. No wonder he's been a little irritable sometimes - he's so busy growing that anything else is just a distraction.

Deven has just begun rolling over from his back to his side. He will only roll onto his left side at this time (does this mean he'll be left-handed? I hope so!), but he's definitely doing it consistently. And today, despite the warnings of "don't leave the baby on his stomach" for fear of SIDS, he fell asleep on his belly and stayed there for 2 hours...so I think we're onto something here.

Condensed Consolidated Statements of Cash Flows for the three months ended July 5, 2007: Stroller Obsession

Yogesh now calls me "Stroller obsessed." Why? Well, maybe it's because in 3 short months, I've already had 5 strollers owned or had on long-term loan, and seriously considered trading for a couple more. No, I haven't considered the $900 Bugaboo strollers (I don't like them!) We're down to just 2 at this moment; but going back up to 3 soon. Why? Well, we're still occasionally using the BabyTrend Snap-n-Go stroller base. I had 3 of these at one time (don't ask!) It's light, versatile, and good for small places like San Francisco stores. Then there's the Maclaren Triumph in coffee brown, bought like-new from another stroller-obsessed Golden Gate Mothers Group member - a superlight umbrella stroller (or "umbroller" as my mom would say) that's great for super-small spaces like airports. And finally, there's the jogger.

Sadly, we said goodbye to the great jogger we got from Danielle and John - it kept breaking so we sold it on Craigslist; and here's where I splurged: I bought the highest-rated jogger out there; a Bob Revolution in Mesa Orange - complete with Handlebar Console and Infant Carseat Adaptor. Now here's the funny thing: I was going to buy a different Bob stroller - the Revolution 12" AW (that's "All Wheel" to you non-stroller-fanatics). Supposedly this one is slightly better for city streets/shops, but the woman selling it on Craigslist wasn't in town. So, I already hit "Buy" on the online shop for the orange one.

We also seriously considered the Phil & Ted's Sport Double - an inline stroller (e.g. that we can fit into our narrow alleyway) with big wheels and a smooth ride; great for a Nanny-Share situation like we're seeking, and for the 2nd kid which isn't even a remote twinkle in our eyes yet. But, the foot-break on the P&T was miserable (and this is super-important on our hill!); and the sunshade was somewhat small (important for my 9:15am Baby Boot Camp classes), and of course it was more expensive and why should we subsidize the Nanny Share, if we're not even sure we can do it?...So now I'm second-guessing myself... Aah, well- I wanted orange more than black or blue or red, anyway. :-)

Notes to Condensed Consolidated Financial Statements: Looking Back

They say "It all goes by so fast" - and they're right. Yesterday at Lake Anza at Tilden Park, a nice woman asked me "How old is your baby?" and I almost answered "3 weeks." Wow; it really has been 3 months, Deven really is twice the size he was when he entered the world, and he really is moving and grinning and cooing and gurgling and laughing now.

To prepare for Deven's birth, we took a class called "Mindful Birthing" with a known midwife in Berkeley, because we knew, and I was committed, to having a natural birth - e.g. no drugs or medical interventions unless the baby's and my life depended on it. There we learned to really notice how we were feeling and reacting to environmental stimuli - both internal and external. While this may sound a bit hippie-dippy-crunchy, in fact it was quite good for me (and Yogesh) because it gently forced me to slow down and notice how I was feeling - which is the first step towards being able to wrap your mind around a painful situation (like childbirth) and manage the pain.

If you read the birth story, you know that I was able to have a natural birth (only had some pitocin; which technically disqualifies me; but I had no pain medication, and since pitocin only increases the strength/pain of the contractions and helped Deven out despite his posterior presentation, I figure I still get to wear the "Natural" badge of honor). Interestingly, I have learned 2 things:

1. That most women with posterior-presentation babies end up delivering by C-section (oh gosh, thank GOODNESS I was with Homestyle Midwifery, where I was allowed to labor without being cut open! I love those women!)
2. That most women consider me crazy for even considering this route - which I think is sort of crazy!

I'm in this great Mom's group (a subset of the GGMG) with other women who had babies in April '07; and of 15 women there were (I think) 6 c-sections and no other natural/unmedicated births. I loved Deven's birth - sure wasn't pain-free; but I felt warm, loved, cared for by knowledgeable people who wouldn't let me or the baby be hurt, and unhurried throughout the entire experience. Deven and I were both perfectly fine immediately afterwards, despite his posterior presentation (back of the baby's head toward my back; or "sunny-side-up") and this is SO different from women who had interventions!

To continue my "looking back" - well, afterwards, I was fine, but exhausted. 26.5 hours of labor after little sleep in the days/weeks/months leading up to that will do that to a woman. I remember walking to Deven's 1st doctor's appointment (1/2 block downhill from our home) and being TIRED by the time I got there. Now, I'm exercising 4-5 days per week, and while I'm still tired; I'm feeling better (and only have 20 lbs left to go, to get back to pre-pregnancy weight!)

Then, there's nursing. At first, I needed Yogesh AND my mom to help with pillows, positioning, and Deven's head to get it just-so...for a 5-10 minute feed...and this happened at least every 2 hours. Now, Deven whimpers a bit, I open the nursing bra, and don't even fiddle with pillows - he just grabs on and starts eating. It's quite satisfying, really. I plan to pump breastmilk when I return to work for the 1st year of his life; and I hope that my milk supply will remain steady despite my being away from him.

...and the stress of going back to work. Aah work. I love what I was doing, and miss it. Don't miss the driving commute; but I'm hoping that once my office moves to Richmond, I can take BART more often. I know I'll be happy to go back; and I also know that at certain times in the day I'll miss Deven. I'm glad I'm taking the summer to be with him. We've found 2 fabulous Nanny candidates; don't want to say too much (yes, I'm superstitious); but we're hoping that 1 will work out, with another family to help share/defray the costs.

Finally, there's the little guy himself. Wow. He's super-cute; he continues to look just like Yogesh and I continue to search for flashes that he really is my son, too. I think he might have my dimples (geez, I hope I didn't just jinx it) - and his hair is straighter than Yogesh's, but still pretty dark-brown. It's getting longer - strands are continually over his ears and down to his eyebrows. When do we get his first haircut? What should I be doing with him that I'm not yet?

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations: Oblay!

What did I expect? I didn't try too hard before Deven was born to think about what life would be like now. I didn't want to - I was too focused on closing a deal and finishing all the things I had to do (some still undone, like calling TempurPedic to get the mysterious squeak in our boxspring fixed). So, my analysis of things is that it's as good as I could expect; and I (we) are extremely fortunate to have a healthy, happy baby and enough resources to manage basically everything we need, and even to go to dinner at our favorite restaurant, Savor, once in a while.

Item 3. Quantitative and Qualitative Disclosure About Market Risks: What lies ahead?

My colleague Jenny, a mom with 2 kids said something that struck me as odd when I was pregnant, but I understand now: She said she lived "in mortal fear that something horrible would happen to her babies." At the time, I thought she was having a bad day or a bit depressed; but now I know - she's just a normal mom. That, or I'm depressed or having a bad day! I don't think that's the case...so it must just be the new-mom gene.

Item 4. Controls and Procedures

We're still working on this one. We haven't 'baby-proofed' our house yet - Deven isn't crawling, so there's no top-of-stair gate installed yet (it's been purchased; and just sitting in the front hallway!); no plug-covers, lots of cords, small things for Deven to choke on, and lots and lots of cat hair.

PART II. OTHER INFORMATION

Item 1A. Risk Factors

What isn't a risk nowadays? We are more careful about how we drive, jog, and even cross the street.

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

What do you think about this long rambling? Interesting? Boring? Write a comment!

Item 6. Exhibits

NEW Photo site! Check it out! http://picasaweb.google.com/krsherwood - click "http://picasaweb.google.com/krsherwood/DevenHome6" for the newest photos!