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| Delaware                                                            |   | 13-3074570                        |
|---------------------------------------------------------------------|--------|-----------------------------------|
| (State or Other Jurisdiction of Incorporation or Organization) |   | (IRS Employer Identification No.) |
|                                                                |   |                              |
| 7617 Currell Blvd., Suite 200,Woodbury, Minnesota                   |   | 55125                             |
| (Address of Principal Executive Offices)                            |   | (Zip Code)                        |

| Large accelerated filer     | o | Accelerated filed    | o |
|-----------------------------|---|---------------------------|---|
| Non-accelerated filer  | o | Smaller reporting company | x |

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| PART I –            | FINANCIAL INFORMATION                                                                                 |   |   |   |
|---------------------------|-------------------------------------------------------------------------------------------------------|--------|--------|--------|
|                      |                                                                                                  |   |   |   |
| ITEM 1.         | FINANCIAL STATEMENT                                                                                   |   |   |   |
|                      |                                                                                                  |   |   |   |
|                      | BALANCE SHEET AS OF AUGUST 31, 2012                                                                   |   |   | 3      |   |
|                      |                                                                                                  |   |   |   |   |
|                      | STATEMENT OF OERATIONS FOR THE THREE MONTS ENDED AUGUST 31, 2012 AND AUGUST 31, 2011 (UNAUDITED) |   |   | 4      |   |
|                      |                                                                                                  |   |   |   |   |
|                      | STATEMENT OF CASH FLOWS FOR THREE MONTHS ENDED AUGUST 31, 2012 AND AUGUST 31, 2011 (UNAUDITED)        |   |   | 5      |   |
|                      |                                                                                                  |   |   |   |   |
|                      | NOTES TO FINANCIAL STATEMENTS                                                                         |   |   | 6      |   |
|                      |                                                                                                  |   |   |   |   |
| ITEM 2.         | MANAGMENT DISCUSSION AND ANALYSIS                                                                     |   |   | 9      |   |
|                      |                                                                                                  |   |   |   |   |
| ITEM 3.                   | QUANATATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS                                            |   |   | 10     |   |
|                      |                                                                                                  |   |   |   |   |
| ITEM 4T.                  | CONTROLS AND PROCEDURES                                                                               |   |   | 10     |   |
|                      |                                                                                                  |   |   |   |   |
| PART II –           | OTHER INFORMATION                                                                                     |   |   |   |   |
|                      |                                                                                                  |   |   |   |   |
| ITEM 1.         | LEGAL PROCEEDINGS                                                                                     |   |   | 11     |   |
|                      |                                                                                                  |   |   |   |   |
| ITEM 1A.        | RISK FACTORS                                                                                          |   |   | 11     |   |
|                      |                                                                                                  |   |   |   |   |
| ITEM 2.         | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                                           |   |   | 11     |   |
|                      |                                                                                                  |   |   |   |   |
| ITEM 3.         | DEFAULTS UPON SENIOR SECURITIES                                                                       |   |   | 11     |   |
|                      |                                                                                                  |   |   |   |   |
| ITEM 4.    | [REMOVE AND RESERVE]                                                                                  |   |   | 11     |   |
|                      |                                                                                                  |   |   |   |   |
| ITEM 5.                   | OTHER INFORMATION                                                                                     |   |   | 11     |   |
|                      |                                                                                                  |   |   |   |   |
| ITEM 6.                   | EXHIBITS                                                                                              |   |   | 11     |   |
|                      |                                                                                                  |   |   |   |   |
| SIGNATURES                |                                                                                                  |   | 12     |   |

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|                                                                                                    |   | August 31, |       |   | May 31, |   |
|---------------------------------------------------------------------------------------------------------|--------|------------|------------|--------|---------|--------|
|                                                                                                    |   | 2012       |       |   | 2012    |   |
| ASSETS                                                                                                  |   |       |       |   |    |   |
| Current assets                                                                                          |   |       |       |   |    |   |
|      Cash                                                                      |   | $          | 8          |   |    | $      | 8 |   |
|      Note receivable                                                           |   |       | 15,000     |   |    |   | 15,000 |   |
|                                                                                                    |   |       |       |   |    |   |   |   |
| Total Assets                                                                                            |   |       | 15,008     |   |    | $      | 15,008 |   |
|                                                                                                    |   |       |       |   |    |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                             |   |       |       |   |    |   |   |   |
| Current Liabilities                                                                                     |   |       |       |   |    |   |   |   |
|      Accounts payable                                                          |   |       | 110,533    |   |    |   | 104407 |   |
|      Accrued interest                                                          |   |       | 14,035     |   |    |   | 13,317 |   |
|      Accrued compensation- related party                                       |   |       | 85,886     |   |    |   | 73,386 |   |
|      Notes payable- related parties                                            |   |       | 5,310      |   |    |   | 5,310 |   |
|      Notes payable- third party                                                |   |       | 90,413     |   |    |   | 90,413 |   |
|                                                                                                    |   |       |       |   |    |   |   |   |
|      Total Current Liabilities                                                 |   |       | 306,177    |   |    |   | 286,833 |   |
|                                                                                                    |   |       |       |   |    |   |   |   |
| Stockholders’ Deficit                                                                             |   |       |       |   |    |   |   |   |
|      Common stock, $0.001 par value; authorized 50,000,000                     |   |       |       |   |    |   |   |   |
|        shares; issued and outstanding 14,548,371 shares respectively |   |       | 14,548     |   |    |   | 14,548 |   |
|      Preferred stock, $0.01 par value authorized 10,000,000                    |   |       |       |   |    |   |   |   |
|         shares; issued and outstanding; none                    |   |       | --         |   |    |   | -- |   |
|      Additional paid-in capital                                                |   |       | 9,335,364  |   |    |   | 9,335,364 |   |
|      Retained earnings (deficit)                                               |   |       | (9,641,081 | )      |    |   | (9,621,737 | ) |
|                                                                                                    |   |       |       |   |    |   |   |   |
|      Total Stockholders’ Deficit                                         |   |       | (291,169   | )      |    |   | (271,825 | ) |
| Total liabilities and stockholders deficit                                                              |   | $          | 15,008     |   |    | $      | 15,008 |   |

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|                                                                        |   | Three Months Ended |       |
|-----------------------------------------------------------------------------|--------|--------------------|------------|
|                                                                        |   | August 31          |       |
|                                                                        |   | 2012               |       |   | 2011 |   |
|                                                                        |   |               |       |   |   |   |
| Revenue                                                                     |   | $                  | --         |   |   | $ | -- |   |
|                                                                        |   |               |       |   |   |   |   |   |
| Selling, General, and Administrative Expenses                               |   |               | 18,627     |   |   |   | 12,520 |   |
|                                                                        |   |               |       |   |   |   |   |   |
| Operating loss                                                              |   |               | (12,520    | ) |   |   | (12,520 | ) |
|                                                                        |   |               |       |   |   |   |   |   |
| Other income(expense)                                                       |   |               |       |   |   |   |   |   |
|      Interest expense                              |   |               | (717       | ) |   |   | (717 | ) |
|      Total other income(expense)                   |   |               | (717       | ) |   |   | (717 | ) |
|                                                                        |   |               |       |   |   |   |   |   |
| Net loss                                                                    |   | $                  | (19,344    | ) |   | $ | (13,237 | ) |
|                                                                        |   |               |       |   |   |   |   |   |
| Basic and Diluted Loss per Common Share                                     |   |               |       |   |   |   |   |   |
|                                                                        |   |               |       |   |   |   |   |   |
| Net loss                                                                    |   | $                  | (0.00      | ) |   | $ | (0.01 | ) |
|                                                                        |   |               |       |   |   |   |   |   |
| Weighted Average Number of Common Shares                                    |   |               |       |   |   |   |   |   |
|     Used to Compute Net loss per Weighted Average Share |   |               | 14,548,371 |   |   |   | 14,548,371 |   |

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|                                                                                                             |   | Three Months Ended |    |
|------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                                                             |   | August 31,         |    |
|                                                                                                             |   | 2012               |    |   | 2011 |   |
|                                                                                                             |   |               |    |   |   |   |
| Operating Activities                                                                                             |   |               |    |   |   |   |
|      Net Income (Loss) Before Extraordinary Item                                        |   | $                  | (19,344 | ) |   | $ | (13,238 | ) |
|        Adjustments to Reconcile Net (Loss) to Net Cash                        |   |               |    |   |   |   |   |   |
|       (Required) by Operating Activities:                                          |   |               |    |   |   |   |   |   |
|              Accounts payable                   |   |               | 6,127   |   |   |   | -- |   |
|              Accrued Interest                   |   |               | 717     |   |   |   | 718 |   |
|              Accrued compensation-related party |   |               | 12,500  |   |   |   | 12,500 |   |
|                                                                                                             |   |               |    |   |   |   |   |   |
|       Net Cash Required by Operating Activities                                    |   |               | --      |   |   |   | (20 | ) |
|                                                                                                             |   |               |    |   |   |   |   |   |
| Investing Activities:                                                                                            |   |               |    |   |   |   |   |   |
|      Cash given in consideration with stock and other assets for the reduction     |   |               |    |   |   |   |   |   |
|         of accrued compensation liabilities                              |   |               | --      |   |   |   | -- |   |
|                                                                                                             |   |               |    |   |   |   |   |   |
|      Net Cash Required by Investing Activities                                          |   |               | --      |   |   |   | -- |   |
|                                                                                                             |   |               |    |   |   |   |   |   |
| Financing Activities:                                                                                            |   |               |    |   |   |   |   |   |
|        Notes payable                                                          |   |               | --      |   |   |   | -- |   |
|                                                                                                             |   |               |    |   |   |   |   |   |
| Net Cash Provided by Financing Activities                                                                        |   |               | --      |   |   |   | -- |   |
|                                                                                                             |   |               |    |   |   |   |   |   |
| Increase (Decrease) in Cash and  Cash Equivalents                                                      |   |               | --      |   |   |   | (20 | ) |
|                                                                                                             |   |               |    |   |   |   |   |   |
| Cash and Cash Equivalents at Beginning Of Period                                                                 |   |               | 8       |   |   |   | 28 |   |
|                                                                                                             |   |               |    |   |   |   |   |   |
| Cash and Cash Equivalents at End of  Period                                                            |   | $                  | 8       |   |   |   | 8 |   |
|                                                                                                             |   |               |    |   |   |   |   |   |
| Supplemental schedules of cash flow information:                                                                 |   |               |    |   |   |   |   |   |
| Interest paid                                                                                                    |   |               | --      |   |   |   | -- |   |
| Income Taxes paid                                                                                                |   |               | --      |   |   |   | -- |   |

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|                         | NVCN Corporation. |                                       |
|------------------------------|-------------------|--------------------------------------------|
|                         |              |                                       |   |
| Dated: October 19, 2012 | By:               | /s/ Gary Borglund                          |   |
|                         |              | Gary Borglund, Principal Executive Officer |   |
|                         |              | and Principal Financial Officer            |   |

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| Number |   | Description                                                               |
|--------|--------|---------------------------------------------------------------------------|
|   |   |                                                                      |
| 31     |   | Rule 13a-14(a)/15d-14(a) Certification of Gary Borglund (filed herewith). |
|   |   |                                                                      |
| 32     |   | Section 1350 Certification of Gary Borglund (filed herewith).             |

| 101.INS ** |   | XBRL Instance Document                                 |
|-----------------|--------|--------------------------------------------------------|
|            |   |                                                   |
| 101.SCH ** |   | XBRL Taxonomy Extension Schema Document                |
|            |   |                                                   |
| 101.CAL ** |   | XBRL Taxonomy Extension Calculation Linkbase Document  |
|            |   |                                                   |
| 101.DEF ** |   | XBRL Taxonomy Extension Definition Linkbase Document   |
|            |   |                                                   |
| 101.LAB ** |   | XBRL Taxonomy Extension Label Linkbase Document        |
|            |   |                                                   |
| 101.PRE ** |   | XBRL Taxonomy Extension Presentation Linkbase Document |

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