----

----

| Nevada                                                         |   | 71-0934772                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

| 3044 North 33rd Avenue                   |   |       |
|------------------------------------------|--------|------------|
| Phoenix, AZ                              |   | 85017      |
| (Address of principal executive offices) |   | (Zip Code) |

----

| Large accelerated filer   ̈                                             | Accelerated filer   ̈    |
|---------------------------------------------------------------------------------------|----------------------------------------|
|                                                                                  |                                   |
| Non-accelerated filer   ̈ (Do not check if a smaller reporting company) | Smaller reporting company  x |

----

| Noble Innovations, Inc.                                            |   |
|--------------------------------------------------------------------|--------|
| (Development Stage Company)                                        |   |
| Consolidated Balance Sheets                                        |   |
|                                                               |   |   |   |   |   |   |
|                                                               |   | September 30, |   |   | December 31, |   |
|                                                               |   | 2009 |   |   | 2008 |   |
| Assets                                                             |   | (Unaudited) |   |   | (Restated) |   |
|                                                               |   |   |   |   |   |   |
| Current assets:                                                    |   |   |   |   |   |   |
| Cash                                                               |   | $ | 8,182 |   |   | $ | 71,660 |   |
| Inventory                                                          |   |   | 38,443 |   |   |   | 55,188 |   |
| Total current assets                                               |   |   | 46,625 |   |   |   | 126,848 |   |
|                                                               |   |   |   |   |   |   |   |   |
| Equipment, net                                                     |   |   | 55,028 |   |   |   | 64,344 |   |
|                                                               |   |   |   |   |   |   |   |   |
| Other Assets:                                                      |   |   |   |   |   |   |   |   |
| Deposits                                                           |   |   | - |   |   |   | 37,550 |   |
|                                                               |   |   |   |   |   |   |   |   |
| Total assets                                                       |   | $ | 101,653 |   |   | $ | 228,742 |   |
|                                                               |   |   |   |   |   |   |   |   |
| Liabilities and Stockholders' Equity (Deficit)                     |   |   |   |   |   |   |   |   |
|                                                               |   |   |   |   |   |   |   |   |
| Current liabilities:                                               |   |   |   |   |   |   |   |   |
| Accounts payable                                                   |   | $ | 493,338 |   |   | $ | 364,962 |   |
| Accrued expenses                                                   |   |   | 137,270 |   |   |   | 113,597 |   |
| Accrued salaries, officer                                          |   |   | 208,094 |   |   |   | 76,943 |   |
| Accrued salaries                                                   |   |   | 192,940 |   |   |   | 126,557 |   |
| Notes payable, related party                                       |   |   | 196,500 |   |   |   | 226,500 |   |
| Notes payable, net of discount of $43,861 and $132,818 at          |   |   |   |   |   |   |   |   |
| September 30, 2009 and December 31, 2008, respectively             |   |   | 200,489 |   |   |   | 197,182 |   |
| Deferred Income                                                    |   |   | 39,078 |   |   |   | 39,078 |   |
| Total current liabilities                                          |   |   | 1,467,709 |   |   |   | 1,144,819 |   |
|                                                               |   |   |   |   |   |   |   |   |
| Stockholders' equity (deficit):                                    |   |   |   |   |   |   |   |   |
| Preferred stock, $0.001 par value, 10,000,000 shares               |   |   |   |   |   |   |   |   |
| authorized, 400,000 shares issued and outstanding                  |   |   | 400 |   |   |   | 400 |   |
| Common stock, $0.001 par value, 50,000,000 shares authorized       |   |   |   |   |   |   |   |   |
| 14,484,224  and 12,504,340 shares issued and outstanding |   |   |   |   |   |   |   |   |
| as of September 30, 2009 and December 31, 2008, respectively       |   |   | 14,485 |   |   |   | 12,504 |   |
| Additional paid-in capital                                         |   |   | 56,383,725 |   |   |   | 55,567,828 |   |
| Subscriptions payable, 589,334 and 15,000 shares at                |   |   |   |   |   |   |   |   |
| September 30, 2009 and December 31, 2008, respectively             |   |   | 103,400 |   |   |   | 10,328 |   |
| (Deficit) accumulated during development stage                     |   |   | (57,868,066 | ) |   |   | (56,507,137 | ) |
| Total stockholders' equity (deficit)                               |   |   | (1,366,056 | ) |   |   | (916,077 | ) |
|                                                               |   |   |   |   |   |   |   |   |
| Total liabilities and stockholders' equity (deficit)               |   | $ | 101,653 |   |   | $ | 228,742 |   |

----

| Noble Innovations, Inc.                          |   |
|--------------------------------------------------|--------|
| (Development Stage Company)                      |   |
| Consolidated Statements of Operations            |   |
| (Unaudited)                                      |   |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                             |   | For the three months ending |   |   | For the nine months ending |   |   | September 27, 2002 |   |
|                                             |   | September 30, |   |   | September 30, |   |   | (Inception) to |   |
|                                             |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |   | September 30, 2009 |   |
|                                             |   |   |   |   | (Restated) |   |   |   |   |   | (Restated) |   |   | (Restated) |   |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue                                          |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | 55,069 |   |
| Cost of goods sold                               |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 51,201 |   |
|                                             |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 3,868 |   |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses:                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative                       |   |   | 80,927 |   |   |   | 48,879 |   |   |   | 193,418 |   |   |   | 150,831 |   |   |   | 584,074 |   |
| Professional fees                                |   |   | 149,517 |   |   |   | 1,863,471 |   |   |   | 492,907 |   |   |   | 2,694,561 |   |   |   | 5,430,222 |   |
| Promotional and marketing                        |   |   | 31,073 |   |   |   | 37,228 |   |   |   | 106,957 |   |   |   | 86,563 |   |   |   | 288,575 |   |
| Salaries, officer                                |   |   | 59,300 |   |   |   | 49,800 |   |   |   | 167,900 |   |   |   | 359,454 |   |   |   | 1,139,654 |   |
| Salaries                                         |   |   | 31,750 |   |   |   | 125,815 |   |   |   | 123,450 |   |   |   | 593,915 |   |   |   | 1,052,380 |   |
| Depreciation                                     |   |   | 3,105 |   |   |   | 3,041 |   |   |   | 9,316 |   |   |   | 5,512 |   |   |   | 17,869 |   |
| Total expenses                                   |   |   | 355,672 |   |   |   | 2,128,234 |   |   |   | 1,093,948 |   |   |   | 3,890,836 |   |   |   | 8,512,774 |   |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net operating (loss)                             |   |   | (355,672 | ) |   |   | (2,128,234 | ) |   |   | (1,093,948 | ) |   |   | (3,890,836 | ) |   |   | (8,508,906 | ) |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense):                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                  |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 3 |   |
| Interest expense                                 |   |   | (54,059 | ) |   |   | (2,822 | ) |   |   | (172,658 | ) |   |   | (2,822 | ) |   |   | (218,032 | ) |
| Financing costs                                  |   |   | (39,077 | ) |   |   | (1,536,131 | ) |   |   | (94,323 | ) |   |   | (2,211,881 | ) |   |   | (866,970 | ) |
| Impairment of goodwill                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (48,274,161 | ) |
| Total other income (expense)                     |   |   | (93,136 | ) |   |   | (1,538,953 | ) |   |   | (266,981 | ) |   |   | (2,214,703 | ) |   |   | (49,359,160 | ) |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss)                                       |   | $ | (448,808 | ) |   | $ | (3,667,187 | ) |   | $ | (1,360,929 | ) |   | $ | (6,105,539 | ) |   | $ | (57,868,066 | ) |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| outstanding - basic and fully diluted            |   |   | 13,783,918 |   |   |   | 11,904,502 |   |   |   | 13,049,249 |   |   |   | 4,693,359 |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss) per share - basic & fully diluted |   | $ | (0.03 | ) |   | $ | (0.31 | ) |   | $ | (0.10 | ) |   | $ | (1.30 | ) |   |   |   |   |

----

| Noble Innovations, Inc.                                                                 |
|-----------------------------------------------------------------------------------------|
| (Development Stage Company)Statement of Changes in Stockholders’ Equity (Deficit) |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   | (Deficit) |   |   |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   |
|                                                                                    |   |   |   |   |   |   |   |   | Additional |   |   |   | During |   | Total |
|                                                                                    | Preferred Stock |   | Common Stock |   | Paid-in |   | Subscriptions |   | Development |   | Stockholders' |
|                                                                                    | Shares |   | Amount |   | Shares |   | Amount |   | Capital |   | Payable |   | Stage |   | (Deficit) |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| September 27, 2002 - Inception                                                          |              - |   |  $       - |   |                   - |   |  $         - |   |  $               - |   |  $               - |   |  $                - |   |  $               - |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |               (325) |   |             (325) |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2002                                                              |              - |   |          - |   |                   - |   |             - |   |                   - |   |                   - |   |               (325) |   |             (325) |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Founders shares issued                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| for cash                                                                                |              - |   |          - |   |         202,500 |   |        203 |   |          29,797 |   |                   - |   |   |   |          30,000 |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |          (27,604) |   |         (27,604) |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2003                                                              |              - |   |          - |   |         202,500 |   |        203 |   |          29,797 |   |                   - |   |          (27,929) |   |            2,071 |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Founders shares issued                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| for cash                                                                                |              - |   |          - |   |         302,500 |   |        302 |   |          60,198 |   |                   - |   |   |   |          60,500 |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |          (44,000) |   |         (44,000) |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2004                                                              |              - |   |          - |   |         505,000 |   |        505 |   |          89,995 |   |                   - |   |          (71,929) |   |          18,571 |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Founders shares issued                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| for cash                                                                                |              - |   |          - |   |          89,798 |   |          90 |   |          17,870 |   |                   - |   |   |   |          17,960 |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |          (38,000) |   |         (38,000) |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2005                                                              |              - |   |          - |   |         594,798 |   |        595 |   |         107,865 |   |                   - |   |        (109,929) |   |          (1,469) |

----

| Noble Innovations, Inc.                                                                             |
|-----------------------------------------------------------------------------------------------------|
| (Development Stage Company)Statement of Changes in Stockholders’ Equity (Deficit) [CONTINUED] |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Founders shares issued                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| for cash                                                                                            |              - |   |          - |   |         128,487 |   |        128 |   |          30,569 |   |                   - |   |   |   |          30,697 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Donated capital                                                                                     |              - |   |          - |   |                   - |   |             - |   |            6,500 |   |                   - |   |   |   |            6,500 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for cash                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| from private placement                                                                              |              - |   |          - |   |         245,000 |   |        245 |   |          97,755 |   |                   - |   |   |   |          98,000 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |          (65,594) |   |         (65,594) |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2006                                                                          |              - |   |          - |   |         968,285 |   |        968 |   |         242,689 |   |                   - |   |        (175,523) |   |          68,134 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for previously                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| received funds                                                                                      |              - |   |          - |   |          25,000 |   |          25 |   |               (25) |   |                   - |   |   |   |                   - |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| services provided                                                                                   |              - |   |          - |   |            5,500 |   |            6 |   |         108,744 |   |                   - |   |   |   |        108,750 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares purchased and                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| cancelled                                                                                           |              - |   |          - |   |       (748,285) |   |       (748) |   |           (1,752) |   |                   - |   |   |   |          (2,500) |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Prior period adjustment (See Note 10)                                                               |   |   |   |   |   |   |   |   |   |   |   |   |        (379,835) |   |       (379,835) |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |        (746,572) |   |       (746,572) |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2007                                                                          |              - |   |          - |   |         250,500 |   |        251 |   |         349,656 |   |                   - |   |     (1,301,930) |   |       (952,023) |
| (as restated)                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Noble Innovations, Inc.                                                                             |
|-----------------------------------------------------------------------------------------------------|
| (Development Stage Company)Statement of Changes in Stockholders’ Equity (Deficit) [CONTINUED] |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for cash                                                                              |              - |   |          - |   |         172,800 |   |        173 |   |         485,922 |   |          10,328 |   |   |   |        496,423 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for services                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| services provided                                                                                   |    400,000 |   |      400 |   |         552,911 |   |        552 |   |      4,487,874 |   |                   - |   |   |   |     4,488,826 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for merger                                                                            |              - |   |          - |   |    11,528,129 |   |    11,528 |   |    48,365,616 |   |                   - |   |   |   |    48,377,144 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Options granted for services                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| provided, related party                                                                             |              - |   |          - |   |                   - |   |             - |   |      1,793,045 |   |                   - |   |   |   |     1,793,045 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beneficial conversion feature                                                                       |              - |   |          - |   |                   - |   |             - |   |          85,715 |   |                   - |   |   |   |          85,715 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Prior period adjustment (See Note 10)                                                               |   |   |   |   |   |   |   |   |   |   |   |   |     (2,518,693) |   |    (2,518,693) |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Restated net loss for the period                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |    (52,686,514) |   |  (52,686,514) |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2008                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (as restated)                                                                                       |  400,000 |   |  $  400 |   |    12,504,340 |   |  $12,504 |   |  $55,567,828 |   |  $       10,328 |   |  $(56,507,137) |   |  $   (916,077) |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for cash                                                                              |              - |   |          - |   |         190,344 |   |        190 |   |         175,310 |   |          93,072 |   |   |   |        268,572 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| services provided                                                                                   |              - |   |          - |   |         833,020 |   |        835 |   |         237,338 |   |                   - |   |   |   |        238,173 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Options granted for services                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| provided, related party                                                                             |              - |   |          - |   |                   - |   |             - |   |         126,630 |   |                   - |   |   |   |        126,630 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beneficial conversion feature                                                                       |              - |   |          - |   |                   - |   |             - |   |          57,055 |   |                   - |   |   |   |          57,055 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for conversion of debt                                                                |              - |   |          - |   |         956,520 |   |        956 |   |         219,564 |   |                   - |   |   |   |        220,520 |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |     (1,360,929) |   |    (1,360,929) |
|                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, September 30, 2009 (Unaudited)                                                             |   400,000 |   |  $  400 |   |    14,484,224 |   |  $14,485 |   |  $56,383,725 |   |  $     103,400 |   |  $(57,868,066) |   |  $(1,366,056) |

----

| Noble Innovations, Inc.                       |   |
|-----------------------------------------------|--------|
| (Development Stage Company)                   |   |
| Consolidated Statements of Cash Flows         |   |
| (Unaudited)                                   |   |
|                                          |   |   |   |   |   |   |   |   |   |
|                                          |   | For the nine months ended |   |   | September 27, 2002 |   |
|                                          |   | September 30, |   |   | (Inception) to |   |
|                                          |   | 2009 |   |   | 2008 |   |   | September 30, 2009 |   |
|                                          |   |   |   |   | (Restated) |   |   | (Restated) |   |
| Cash flows from operating activities          |   |   |   |   |   |   |   |   |   |
| Net (loss)                                    |   | $ | (1,360,929 | ) |   | $ | (6,105,539 | ) |   | $ | (57,868,066 | ) |
| Adjustments to reconcile net (loss) to        |   |   |   |   |   |   |   |   |   |   |   |   |
| net cash used in operating activities:        |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                  |   |   | 9,316 |   |   |   | 5,512 |   |   |   | 17,869 |   |
| Convertible note issued for services          |   |   | 50,000 |   |   |   | - |   |   |   | 50,000 |   |
| Shares issued for services, related party     |   |   | - |   |   |   | 4,256,934 |   |   |   | 2,363,886 |   |
| Shares issued for services                    |   |   | 238,173 |   |   |   | 903,800 |   |   |   | 1,700,640 |   |
| Shares issued for financing costs             |   |   | - |   |   |   | 65,000 |   |   |   | 772,647 |   |
| Amortization of beneficial conversion feature |   |   | 146,012 |   |   |   | - |   |   |   | 183,007 |   |
| Options granted for services                  |   |   | 126,630 |   |   |   | 210,162 |   |   |   | 1,919,676 |   |
| Impairment of goodwill                        |   |   | - |   |   |   | - |   |   |   | 48,274,161 |   |
| Decrease (increase) in assets:                |   |   |   |   |   |   |   |   |   |   |   |   |
| Inventory                                     |   |   | 16,745 |   |   |   | (50,640 | ) |   |   | (38,443 | ) |
| Other assets                                  |   |   | 37,550 |   |   |   | (23,249 | ) |   |   | - |   |
| Increase (decrease) in liabilities:           |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable                              |   |   | 128,376 |   |   |   | (54,029 | ) |   |   | 493,338 |   |
| Accrued expenses                              |   |   | 44,193 |   |   |   | 86,104 |   |   |   | 157,790 |   |
| Accrued salaries, officer                     |   |   | 131,151 |   |   |   | (70,357 | ) |   |   | 159,982 |   |
| Accrued salaries                              |   |   | 66,383 |   |   |   | 99,225 |   |   |   | 241,052 |   |
| Deferred income                               |   |   | - |   |   |   | 20,650 |   |   |   | 39,078 |   |
| Net cash used in operating activities         |   |   | (366,400 | ) |   |   | (656,427 | ) |   |   | (1,533,383 | ) |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities          |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchase of equipment                         |   |   | - |   |   |   | (4,625 | ) |   |   | (38,725 | ) |
| Net cash used in investing                    |   |   | - |   |   |   | (4,625 | ) |   |   | (38,725 | ) |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from financing activities          |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from demand notes, related party     |   |   | 5,000 |   |   |   | 499,000 |   |   |   | 704,527 |   |
| Payments on demand notes, related party       |   |   | (35,000 | ) |   |   | (287,343 | ) |   |   | (322,343 | ) |
| Proceeds from notes payable                   |   |   | 70,000 |   |   |   | 200,000 |   |   |   | 400,000 |   |
| Payments on notes payable                     |   |   | (5,650 | ) |   |   | - |   |   |   | (5,650 | ) |
| Proceeds from the sale of common stock        |   |   | 268,572 |   |   |   | 243,500 |   |   |   | 799,629 |   |
| Repurchase of common stock                    |   |   | - |   |   |   | - |   |   |   | (2,500 | ) |
| Donated capital                               |   |   | - |   |   |   | - |   |   |   | 6,500 |   |
| Net cash provided by financing activities     |   |   | 302,922 |   |   |   | 655,157 |   |   |   | 1,580,163 |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net increase (decrease) in cash               |   |   | (63,478 | ) |   |   | (5,895 | ) |   |   | 8,055 |   |
| Cash - beginning                              |   |   | 71,660 |   |   |   | 6,165 |   |   |   | - |   |
| Cash acquired in merger                       |   |   | - |   |   |   | 127 |   |   |   | 127 |   |
| Cash - ending                                 |   | $ | 8,182 |   |   | $ | 397 |   |   | $ | 8,182 |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental disclosures:                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest paid                                 |   | $ | 2,600 |   |   | $ | - |   |   | $ | - |   |
| Income taxes paid                             |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-cash investing and financing activities:  |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock issued for note payable conversion      |   | $ | 220,521 |   |   | $ | - |   |   | $ | 337,521 |   |
| Stock issued for financing costs              |   | $ | - |   |   | $ | - |   |   | $ | 702,834 |   |
| Stock issued for merger                       |   | $ | - |   |   | $ | 48,377,235 |   |   | $ | 48,377,144 |   |
| Beneficial conversion feature                 |   | $ | 57,055 |   |   | $ | - |   |   | $ | 48,994 |   |
| Shares issued for stock payable               |   | $ | 10,328 |   |   | $ | - |   |   | $ | 10,328 |   |

----

----

----

----

----

|                                                                                                                                                                                                                     | September 30,                                                                                |   | December 31,                                                                                 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                     | 2009                                                                                         |   | 2008                                                                                         |
| Related party - unsecured debt, due on demand for operating expenses advanced from significant shareholders. The debt is non-interest bearing. The lender demanded payment on August 3, 2009 and the debt is yet unpaid. | $   196,500                                                                   |   | $    226,500                                                             |
| Less: current portion                                                                                                                                                                                                    | 196,500                                                                                      |   | 226,500                                                                                      |
| Long-term debt, less current portion                                                                                                                                                                                     | $               - |   | $               - |

|                                                                                                                                                                                                                                                                                                                                                                     | September 30,                                     |   | December 31,                                                                                       |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------|--------|----------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                     | 2009                                              |   | 2008                                                                                               |
| Unsecured, interest free promissory note, maturing on December 3, 2009. In the event of default, the principal is convertible into shares of common stock at a price equal to the greater of seventy percent (70%) of the average price of the Company’s common stock for the thirty (30) days prior to the maturity date or $0.10 per share,whichever is greater. |  $      10,000 |   |  $               - |
|                                                                                                                                                                                                                                                                                                                                                                     |                                              |   |                                                                                               |
| Unsecured, interest free promissory note, maturing on December 3, 2009. In the event of default, the principal is convertible into shares of common stock at a price equal to the greater of seventy percent (70%) of the average price of the Company’s common stock for the thirty (30) days prior to the maturity date or $0.10 per share,whichever is greater. | 10,000                                            |   | -                                                                                                  |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | September 30, |   | December 31, |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|--------|--------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 2009          |   | 2008         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |          |   |         |
| Unsecured promissory note carries a 10% interest rate, maturing on August 12, 2009. In the event of default, the principal is convertible into shares of common stock at a price equal to the greater of seventy percent (70%) of the average price of the Company’s common stock for the thirty (30) days prior to the maturity date or $0.10per share. The principal and accrued interest in the amount of $110,164 was converted into 478,260 shares on August 12, 2009.                                                                                               | -             |   | 100,000      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |          |   |         |
| Unsecured promissory note carries a 10% interest rate, maturing on August 12, 2009. In the event of default, the principal is convertible into shares of common stock at a price equal to the greater of seventy percent (70%) of the average price of the Company’s common stock for the thirty (30) days prior to the maturity date or $0.10per share. On August 7, 2008 the Company issued 5,000 shares, valued at $32,500 as a financing fee. The principal and accrued interest in the amount of $55,178 was converted into 239,130 shares on August 12, 2009.  | -             |   | 50,000       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |          |   |         |
| Unsecured promissory note carries a 10% interest rate, maturing on August 12, 2009. In the event of default, the principal is convertible into shares of common stock at a price equal to the greater of seventy percent (70%) of the average price of the Company’s common stock for the thirty (30) days prior to the maturity date or $0.10per share. On August 7, 2008 the Company issued 5,000 shares, valued at $32,500, as a financing fee. The principal and accrued interest in the amount of $55,178 was converted into 239,130 shares on August 12, 2009. | -             |   | 50,000       |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | September 30, |   | December 31, |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|--------|--------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 2009          |   | 2008         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |          |   |         |
| Secured convertible note carries a 12% interest rate, maturing on December 12, 2009. The principal is convertible into shares of common stock at the discretion of the note holder at a price equal to the greater of fifty percent (50%) of the volume weighted average price of the Company’s common stock for the ten (10) trading days priorto the conversion or $0.10 per share. The debenture is secured by the Company’s fixed assets, and 60,000 shares of the Company’s common stock to be issued in the event of default by the Company. Monthly payments of $250, consisting of $100 of interest and $150 of principal were due on the 15th day of each month. An additional 15,000 shares of the Company’s common stock was issued as part of the agreement. | 24,350        |   | 30,000       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |          |   |         |
| Secured convertible note carries an 8% interest rate, maturing on December 16, 2009. The principal is convertible into shares of common stock at the discretion of the note holder at a price equal to the lesser of seventy percent (70%) of the volume weighted average price of the Company’s common stock for the ten (10) trading daysprior to the conversion, or $0.75 per share, and not less than $0.10 per share. The debenture is secured by the Company’s fixed assets, and 200,000 shares of the Company’s common stock to be issued in the event of default by the Company. An additional 25,000 shares of the Company’s common stock was issued as part of the agreement.                                                                                  | 100,000       |   | 100,000      |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | September 30,                                                                                |   | December 31,                                                                                 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 2009                                                                                         |   | 2008                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                         |   |                                                                                         |
| Unsecured convertible note carries a 10% interest rate, maturing on March 11, 2010. The principal is convertible into shares of common stock at the discretion of the note holder at a price equal to the greater of seventy percent (70%) of the volume weighted average price of the Company’s common stock for the ten (10) trading daysprior to the conversion or $0.10 per share. An additional 5,000 shares of the Company’s common stock was issued as part of the agreement. | 25,000                                                                                       |   | -                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                         |   |                                                                                         |
| Unsecured convertible note carries a 10% interest rate, maturing on March 12, 2010. The principal is convertible into shares of common stock at the discretion of the note holder at a price equal to the greater of seventy percent (70%) of the volume weighted average price of the Company’s common stock for the ten (10) trading daysprior to the conversion or $0.10 per share. An additional 5,000 shares of the Company’s common stock was issued as part of the agreement. | 25,000                                                                                       |   | -                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                         |   |                                                                                         |
| Unsecured convertible note carries a 10% interest rate, maturing on February 1, 2010. The principal is convertible into shares of common stock at the discretion of the note holder at a price equal to the greater of seventy percent (70%) of the volume weighted average price of the Company’s common stock for the ten (10) trading daysprior to the conversion or $0.10 per share. The note was issued in exchange for services rendered.                                            | 50,000                                                                                       |   | -                                                                                            |
| Total debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 244,350                                                                                      |   | 330,000                                                                                      |
| Less: discount on beneficial conversion feature                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 43,861                                                                                       |   | 132,818                                                                                      |
| Less: current portion                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 200,489                                                                                      |   | 197,182                                                                                      |
| Long-term debt, less current portion                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $               - |   | $               - |

----

----

----

----

----

----

----

----

----

----

----

----

----

|                                               |        |                             |   |        |      |      |   |                               |   |       |   |     |   |   |      |              |   |   |   |   |   |   |
|----------------------------------------------------|-------------|----------------------------------|--------|-------------|-----------|-----------|--------|------------------------------------|--------|------------|--------|----------|--------|--------|-----------|-------------------|--------|--------|--------|--------|--------|--------|
|                                               |        |                             |   |        |      |      |   |                               |   |       |   |     |   |   |      | Shares Underlying |
| Shares Underlying Options and Warrants Outstanding |        | Options and Warrants Exercisable |
|                                               |        |                             |
|                                               |        |                             |   |        |      | Weighted  |   |                               |   |       |   |     |   |   |      |              |
|                                               |        |                             |   | Shares      |      | Average   |   | Weighted                           |   | Shares     |   | Weighted |
|                                               |        |                             |   | Underlying  |      | Remaining |   | Average                            |   | Underlying |   | Average  |
| Range of                                           |        | Options                          |   | Contractual |      | Exercise  |   | Options                            |   | Exercise   |
| Exercise Prices                                    |        | Outstanding                      |   | Life        |      | Price     |   | Exercisable                        |   | Price      |
|                                               |        |                             |   |        |      |      |   |                               |   |       |
| $                                                  | 0.10 - 1.00 |                             |   |        | 1,224,000 |      |   |     3.10 years |   | $          | 0.37   |     |   |   | 1,224,000 |              |   | $      | 0.37   |   |

|                             |   | 2009   |   | 2008   |
|----------------------------------|--------|--------|--------|--------|
| Average risk-free interest rates |   |   | 1.45   | %      |   |   | 2.30 | % |
| Average expected life (in years) |   |   | 2.5    |   |   |   | 5 |   |
| Average Volatility               |   |   | 310    | %      |   |   | 211 | % |

----

|                                         |   |      |      |     |   | Weighted |
|----------------------------------------------|--------|-----------|-----------|----------|--------|----------|
|                                         |   |      |      |     |   | Average  |
|                                         |   | Number    |      | Exercise |
|                                         |   | Of Shares |      | Price    |
|                                         |   |      |      |     |   |     |   |   |
| Balance, December 31, 2008                   |   |      | 275,000   |     |   |  $  | 0.45 |   |
|   Options cancelled                |   |      | -0-       |     |   |     | -0- |   |
|   Options expired                  |   |      | -0-       |     |   |     | -0- |   |
|   Options vested during the period |   |      | 949,000   |     |   |     | 0.35 |   |
|                                         |   |      |      |     |   |     |   |   |
| Balance, September 30, 2009                  |   |      | 1,224,000 |     |   |     | 0.37 |   |
|                                         |   |      |      |     |   |     |   |   |
| Exercisable, September 30, 2009              |   |      | 1,224,000 |     |   | $        | 0.37 |   |

----

----

|                                                        | Previously Reported             |   | NetChange                                                                              |   |  Restated                  |
|-------------------------------------------------------------|---------------------------------|--------|----------------------------------------------------------------------------------------|--------|---------------------------------|
| Assets                                                      |                            |   |                                                                                   |   |                            |
| Current assets                                              |                            |   |                                                                                   |   |                            |
|   Cash                                            | $    71,660 |   | $            -             |   | $    71,660 |
|   Inventory                                       | 55,188                          |   |                                                                                   |   | 55,188                          |
|     Total current assets                | 126,848                         |   | -                                                                                      |   | 126,848                         |
|                                                        |                            |   |                                                                                   |   |                            |
| Equipment, net                                              | 64,344                          |   | -                                                                                      |   | 64,344                          |
|                                                        |                            |   |                                                                                   |   |                            |
| Other assets, net                                           | 37,550                          |   | -                                                                                      |   | 37,550                          |
|                                                        |                            |   |                                                                                   |   |                            |
|                                                        | $   228,742      |   | $              - |   | $   228,742      |
|                                                        |                            |   |                                                                                   |   |                            |
| Current liabilities                                         |                            |   |                                                                                   |   |                            |
|   Accounts payable                                | $   176,274      |   | $  188,688                                                                   |   | $   364,962      |
|   Accrued expenses                                | 113,597                         |   | -                                                                                      |   | 113,597                         |
|   Accrued salaries, officer                       | 76,943                          |   | -                                                                                      |   | 76,943                          |
|   Accrued salaries                                | 126,557                         |   | -                                                                                      |   | 126,557                         |
|   Notes payable, related party                    | 226,500                         |   | -                                                                                      |   | 226,500                         |
|   Notes payable, net of discount                  |                            |   |                                                                                   |   |                            |
| of $132,818                                                 | 197,182                         |   | -                                                                                      |   | 197,182                         |
|   Deferred income                                 | 39,078                          |   | -                                                                                      |   | 39,078                          |
|     Total current liabilities           | 956,131                         |   | 188,688                                                                                |   | 1,144,819                       |
|                                                        |                            |   |                                                                                   |   |                            |
| Stockholders’ (deficit)                               |                            |   |                                                                                   |   |                            |
|   Preferred stock                                 | 400                             |   | -                                                                                      |   | 400                             |
|   Common stock                                    | 12,504                          |   | -                                                                                      |   | 12,504                          |
|   Additional paid-in capital                      | 52,857,988                      |   | 2,709,840                                                                              |   | 55,567,828                      |
| Subscriptions payable,                                      |                            |   |                                                                                   |   |                            |
|       15,000 shares           | 10,328                          |   | -                                                                                      |   | 10,328                          |
|   Accumulated deficit                             | (53,608,609)                    |   | (2,898,528)                                                                            |   | (56,507,137)                    |
|     Total stockholders’ (deficit) | (727,389)                       |   | (   188,688)                                                            |   | (916,077)                       |
|                                                        |                            |   |                                                                                   |   |                            |
|                                                        | $   228,742      |   | $              - |   | $   228,742      |

----

|                                                 | Previously Reported                                                                                                              |   | NetChange                                                                  |   |  Restated                                                                                                                   |
|------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------|
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Revenue                                              | $                     - |   | $            - |   | $                     - |
| Cost of goods sold                                   | -                                                                                                                                |   | -                                                                          |   | -                                                                                                                                |
|                                                 | -                                                                                                                                |   | -                                                                          |   | -                                                                                                                                |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Expenses                                             |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
|   General and administrative               | 254,948                                                                                                                          |   | -                                                                          |   | 254,948                                                                                                                          |
|   Professional fees                        | 2,043,153                                                                                                                        |   | 2,521,788                                                                  |   | 4,564,941                                                                                                                        |
|   Promotional and marketing                | 101,612                                                                                                                          |   | (     3,095)                                      |   | 98,517                                                                                                                           |
|   Salaries, officer                        | 559,254                                                                                                                          |   | 206,250                                                                    |   | 765,504                                                                                                                          |
|   Salaries                                 | 695,200                                                                                                                          |   | 9,000                                                                      |   | 704,200                                                                                                                          |
|   Depreciation                             | 8,553                                                                                                                            |   | -                                                                          |   | 8,553                                                                                                                            |
|     Total expenses               | 3,662,720                                                                                                                        |   | 2,733,943                                                                  |   | 6,396,663                                                                                                                        |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Net operating (loss)                                 | (3,662,720)                                                                                                                      |   | (2,733,943)                                                                |   | (6,396,663)                                                                                                                      |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Other income (expense)                               |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
|   Interest income                          | -                                                                                                                                |   | -                                                                          |   | -                                                                                                                                |
|   Interest expense                         | (45,374)                                                                                                                         |   | -                                                                          |   | (45,374)                                                                                                                         |
|   Financing costs                          | (704,259)                                                                                                                        |   | (68,388)                                                                   |   | (772,647)                                                                                                                        |
|   Impairment of goodwill                   | (48,274,161)                                                                                                                     |   | -                                                                          |   | (48,274,161)                                                                                                                     |
|     Total other income (expense) | (49,023,794)                                                                                                                     |   | (68,388)                                                                   |   | (49,092,182)                                                                                                                     |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Net loss                                             | $(52,686,514)                                                                                                                    |   | $(2,802,331)                                                               |   | $(55,488,845)                                                                                                                    |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Weighted average number of                           |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
|   common shares outstanding                |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| - basic and fully diluted                       | 6,601,141                                                                                                                        |   | -                                                                          |   | 6,601,141                                                                                                                        |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Net (loss) per share - basic                         |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
|   and fully diluted                        | $(  7.98)                                                                                                              |   | $( 0.44)                                                                   |   | $(  8.42)                                                                                                              |

----

|                                                 | Previously Reported                                                                                                              |   | NetChange                                                                  |   |  Restated                                                                                                                   |
|------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------|
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Revenue                                              | $                     - |   | $            - |   | $                     - |
| Cost of goods sold                                   | -                                                                                                                                |   | -                                                                          |   | -                                                                                                                                |
|                                                 | -                                                                                                                                |   | -                                                                          |   | -                                                                                                                                |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Expenses                                             |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
|   General and administrative               | 48,879                                                                                                                           |   | -                                                                          |   | 48,879                                                                                                                           |
|   Professional fees                        | 423,589                                                                                                                          |   | 1,439,882                                                                  |   | 1,863,471                                                                                                                        |
|   Promotional and marketing                | 37,228                                                                                                                           |   | -                                                                          |   | 37,228                                                                                                                           |
|   Salaries, officer                        | 87,300                                                                                                                           |   | (37,500)                                                                   |   | 49,800                                                                                                                           |
|   Salaries                                 | 131,815                                                                                                                          |   | (6,000)                                                                    |   | 125,815                                                                                                                          |
|   Depreciation                             | 3,041                                                                                                                            |   | -                                                                          |   | 3,041                                                                                                                            |
|     Total expenses               | 731,852                                                                                                                          |   | 1,396,382                                                                  |   | 2,128,234                                                                                                                        |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Net operating (loss)                                 | (731,852)                                                                                                                        |   | (1,396,382)                                                                |   | (2,128,234)                                                                                                                      |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Other income (expense)                               |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
|   Interest expense                         | (  2,882)                                                                                                              |   | -                                                                          |   | (2,822)                                                                                                                          |
|   Financing costs                          | (10,834)                                                                                                                         |   | (1,525,297)                                                                |   | (1,536,131)                                                                                                                      |
|     Total other income (expense) | (13,656)                                                                                                                         |   | (1,525,297)                                                                |   | (1,538,953)                                                                                                                      |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Net loss                                             | $(745,508)                                                                                                                       |   | $(2,921,679)                                                               |   | $(3,667,187)                                                                                                                     |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Weighted average number of                           |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
|   common shares outstanding                |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| - basic and fully diluted                       | 11,904,502                                                                                                                       |   | 11,904,502                                                                 |   | 11,904,502                                                                                                                       |
|                                                 |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
| Net (loss) per share - basic                         |                                                                                                                             |   |                                                                       |   |                                                                                                                             |
|   and fully diluted                        | $(   0.06)                                                                                                        |   | $(  0.25)                                                        |   | $(  0.31)                                                                                                              |

----

|                                                 | Previously Reported                                                                                                              |   | NetChange                                                                                    |   |  Restated                                                                                                                   |
|------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------|
|                                                 |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
| Revenue                                              | $                     - |   | $               - |   | $                     - |
| Cost of goods sold                                   | -                                                                                                                                |   | -                                                                                            |   | -                                                                                                                                |
|                                                 | -                                                                                                                                |   | -                                                                                            |   | -                                                                                                                                |
|                                                 |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
| Expenses                                             |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
|   General and administrative               | 150,831                                                                                                                          |   | -                                                                                            |   | 150,831                                                                                                                          |
|   Professional fees                        | 1,180,078                                                                                                                        |   | 1,514,483                                                                                    |   | 2,694,561                                                                                                                        |
|   Promotional and marketing                | 88,178                                                                                                                           |   | ( 1,615)                                                                                     |   | 86,563                                                                                                                           |
|   Salaries, officer                        | 471,954                                                                                                                          |   | (112,500)                                                                                    |   | 359,454                                                                                                                          |
|   Salaries                                 | 611,915                                                                                                                          |   | (18,000)                                                                                     |   | 593,915                                                                                                                          |
|   Depreciation                             | 5,512                                                                                                                            |   | -                                                                                            |   | 5,512                                                                                                                            |
|     Total expenses               | 2,508,468                                                                                                                        |   | 1,382,368                                                                                    |   | 3,890,836                                                                                                                        |
|                                                 |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
| Net operating (loss)                                 | (2,508,468)                                                                                                                      |   | (1,382,368)                                                                                  |   | (3,890,836)                                                                                                                      |
|                                                 |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
| Other income (expense)                               |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
|   Interest expense                         | (2,882)                                                                                                                          |   | -                                                                                            |   | (2,822)                                                                                                                          |
|   Financing costs                          | (686,584)                                                                                                                        |   | (1,525,297)                                                                                  |   | (2,211,881)                                                                                                                      |
|     Total other income (expense) | (689,406)                                                                                                                        |   | -                                                                                            |   | (2,214,703)                                                                                                                      |
|                                                 |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
| Net loss                                             | $(3,197,874)                                                                                                                     |   | $(2,907,665)                                                                                 |   | $(6,105,539)                                                                                                                     |
|                                                 |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
| Weighted average number of                           |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
|   common shares outstanding                |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
| - basic and fully diluted                       | 4,693,359                                                                                                                        |   | 4,693,359                                                                                    |   | 4,693,359                                                                                                                        |
|                                                 |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
| Net (loss) per share - basic                         |                                                                                                                             |   |                                                                                         |   |                                                                                                                             |
|   and fully diluted                        | $(  0.68)                                                                                                              |   | $(  0.62)                                                                          |   | $(  1.30)                                                                                                              |

----

----

| o   | our ability to diversify our operations; |
|---------------|------------------------------------------|

| o   | our ability to successfully compete in the energy efficient industry; |
|---------------|-----------------------------------------------------------------------|

| o   | inability to raise additional financing for working capital; |
|---------------|--------------------------------------------------------------|

| o   | the fact that our accounting policies and methods are fundamental to how we report our financial condition and results of operations, and they may require management to make estimates about matters that are inherently uncertain; |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | our ability to attract key personnel; |
|---------------|---------------------------------------|

| o   | our ability to operate profitably; |
|---------------|------------------------------------|

| o   | deterioration in general or regional economic conditions; |
|---------------|-----------------------------------------------------------|

| o   | changes in U.S. GAAP or in the legal, regulatory and legislative environments in the markets in which we operate; |
|---------------|-------------------------------------------------------------------------------------------------------------------|

| o   | adverse state or federal legislation or regulation that increases the costs of compliance, or adverse findings by a regulator with respect to existing operations; |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | inability to achieve future sales levels or other operating results; |
|---------------|----------------------------------------------------------------------|

| o   | the inability of management to effectively implement our strategies and business plans; |
|---------------|-----------------------------------------------------------------------------------------|

| o   | the unavailability of funds for capital expenditures; and |
|---------------|-----------------------------------------------------------|

| o   | other risks and uncertainties detailed in this report. |
|---------------|--------------------------------------------------------|

----

----

|                                    |   | Three Months EndedSeptember 30, |   |  Increase/(Decrease) |   | Nine Months EndedSeptember 30, |        |  Increase/(Decrease) |
|-----------------------------------------|--------|---------------------------------|--------|---------------------------|--------|--------------------------------|-------------|---------------------------|
|                                    |   | 2009                            |   | 2008                      |   | $                              | %           |                      | 2009 |   | 2008 |   | $ | % |
|                                    |   |                            |   | (Restated)                |   |                           |        |                      |   |   | (Restated) |   |   |   |
| Expenses:                               |   |                            |   |                      |   |                           |        |                      |   |   |   |   |   |   |
| General andadministrative               |   |  $80,927                   |   |  $48,879             |   |  $32,048                  |  66%   |                      |  $193,418 |   |  $150,831 |   |  $42,587 |  28% |
| Professional fees                       |   |  149,517                   |   |  1,863,471           |   |  (1,713,954)              |  (92%) |                      |  492,907 |   |  2,694,561 |   |  (2,201,654) |  (82%) |
| Promotional and marketing               |   |  31,073                    |   |  37,228              |   |  (6,155)                  |  (17%) |                      |  106,957 |   |  86,563 |   |  20,394 |  24% |
| Salaries, officer                       |   | 59,300                          |   | 49,800                    |   | 9,500                          | 19%         |                      | 167,900 |   | 359,454 |   | (191,554) | (53%) |
| Salaries                                |   | 31,750                          |   | 125,815                   |   | (94,065)                       | (75%)       |                      | 123,450 |   | 593,915 |   | (470,465) | (79%) |
| Depreciation                            |   | 3,105                           |   | 3,041                     |   | 64                             | 2%          |                      | 9,316 |   | 5,512 |   | 3,804 | 69% |
|   Total Expenses              |   | 355,672                         |   | 2,128,234                 |   | (1,772,562)                    | (83%)       |                      | 1,093,948 |   | 3,890,836 |   | (2,796,888) | (72%) |
|                                    |   |                            |   |                      |   |                           |        |                      |   |   |   |   |   |   |
| Net operating (loss)                    |   |  (355,672)                 |   |  (2,128,234)         |   |  (1,772,562)              |  (83%) |                      |  (1,093,948) |   |  (3,890,836) |   |  (2,796,888) |  (72%) |
|                                    |   |                            |   |                      |   |                           |        |                      |   |   |   |   |   |   |
| Other income(expense):                  |   |                            |   |                      |   |                           |        |                      |   |   |   |   |   |   |
| Interest expense                        |   | (54,059)                        |   | (2,822)                   |   | 51,237                         | 1,816%      |                      | (172,658) |   | (2,822) |   | 169,836 | 6,018% |
| Financing costs                         |   | (39,077)                        |   | (1,536,131)               |   | (1,497,054)                    | (97%)       |                      | (94,323) |   | (2,211,881) |   | (2,117,558) | (96%) |
|   Total otherincome (expense) |   |  (93,136)                  |   |  (1,538,953)         |   |  (1,445,817)              |  (94%) |                      |  (226,981) |   |  (2,214,703) |   |  (1,947,722) |  (88%) |
|                                    |   |                            |   |                      |   |                           |        |                      |   |   |   |   |   |   |
| Net (loss)                              |   | $(448,808)                      |   | $(3,667,187)              |   | $(3,218,379)                   | (88%)       |                      | $(1,360,929) |   | $(6,105,539) |   | $(4,744,610) | (78%) |

----

----

|                      |  September 30,2009                                       |  December 31,2008                       |  Increase / (Decrease) |
|---------------------------|---------------------------------------------------------------|----------------------------------------------|-----------------------------|
| $                         | %                                                             |
|                      |                                                          |                                         |                        |   |
| Current Assets            | $         46,625 | $      126,848 | $   (80,223) | (63%) |
|                      |                                                          |                                         |                        |   |
| Current Liabilities       | $    1,467,709                            | $   1,144,819                 | $322,890                    | 28% |
|                      |                                                          |                                         |                        |   |
| Working Capital (Deficit) | $  (1,421,084)                                      | $(1,017,971)                                 | $403,113                    | 40% |

----

----

----

----

| ·   | The Company does not have an independent board of directors or audit committee or adequate segregation of duties; |
|--------------------|-------------------------------------------------------------------------------------------------------------------|

| ·   | All of our financial reporting is carried out by our financial consultant; |
|--------------------|----------------------------------------------------------------------------|

| ·   | We do not have an independent body to oversee our internal controls over financial reporting and lack segregation of duties due to the limited nature and resources of the Company. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

----

| Exhibitnumber | Exhibit description                                                                                    | Filedherewith | Form   | Periodending | Exhibit  | Filing date |
|---------------|--------------------------------------------------------------------------------------------------------|---------------|--------|--------------|----------|-------------|
| 2.1           | Acquisition and Plan of Merger between Noble Innovations, Inc. and Noble Systems Incorporated          |          | 8-K    |         | 2-1      | 06/25/08    |
| 3(i)(a)       | Articles of Incorporation of XSInventory                                                               |          | SB-2   |         | 3(i)(a)  | 8/27/04     |
| 3(i)(b)       | Articles of Incorporation of Creative Excess                                                           |          | SB-2   |         | 3(i)(b)  | 8/27/04     |
| 3(i)(c)       | Articles of Incorporation of Noble Innovations                                                         |          | 10-Q   | 3/31/08      | 3(i)(c)  | 6/04/08     |
| 3(i)(d)       | Certificate of Change                                                                                  |          | 10-Q   | 3/31/08      | 3(i)(d)  | 6/04/08     |
| 3(i)(e)       | Amendment to Articles of Incorporation                                                                 |          | 8-K    |         | 3(i)(e)  | 6/25/08     |
| 3(i)(f)       | Amendment to Articles of Incorporation of                                                              |          | 8-K    |         | 3(i)(f)  | 6/25/08     |
| 3(ii)(a)      | Bylaws of the XSInventory                                                                              |          | SB-2   |         | 3(ii)(a) | 8/27/04     |
| 3(ii)(b)      | Bylaws of Creative Excess                                                                              |          | SB-2   |         | 3(ii)(b) | 8/27/04     |
| 4             | Stock Certificate Specimen                                                                             |          | SB-2   |         | 4(c)     | 8/27/04     |
| 4.2           | Certificate of Designation of Series A Preferred Stock                                                 |          | 8-K    |         | 4        | 6/25/08     |
| 10.1          | Restated Lock Up Agreement                                                                             |          | SB-2   |         | 10.1     | 8/27/04     |
| 10.2          | Office Lease                                                                                           |          | SB-2   |         | 10.2     | 8/27/04     |
| 10.3          | Renewal Addendum to Office Lease 2005                                                                  |          | SB-2   |         | 10.3     | 8/27/04     |
| 10.4          | User Agreement                                                                                         |          | SB-2   |         | 10.4     | 8/27/04     |
| 10.5          | Agent for the Issuer Letter Agreement                                                                  |          | SB-2   |         | 10.5     | 8/27/04     |
| 10.6          | Subscription Agreement                                                                                 |          | SB-2   |         | 10.6     | 8/27/04     |
| 10.7          | Termination and Retirement Agreement with Michael Evangelista                                          |          | 8-K    |         | 10.7     | 5/23/07     |
| 10.8          | Employment Agreement with James Cole                                                                   |          | 8-K    |         | 10.8     | 5/23/07     |
| 10.9          | Employment Agreement with Fred Huggins                                                                 |          | 8-K    |         | 10.9     | 6/27/07     |
| 31            | Certification pursuant to Section 302 of the Sarbanes-Oxley Act                                        | X             |   |         |     |        |
| 32            | Certification pursuant to Section 906 of the Sarbanes-Oxley Act                                        | X             |   |         |     |        |
| 99.1          | Press Release – Announcing the Selection of Executive Advisory Board Member Michael Fouts        |          | 10-Q   | 9/30/08      | 99.1     | 11/14/08    |
| 99.2          | Press Release – Announcing Exhibit at ISH-North America Trade Show                               |          | 10-Q   | 9/30/08      | 99.2     | 11/14/08    |
| 99.3          | Press Release – Announcing Partnership with Zoppas Industries for its Heating Element Technology |          | 10-Q   | 9/30/08      | 99.3     | 11/14/08    |

----

| Exhibitnumber | Exhibit description                                                                                                   | Filedherewith | Form | Periodending | Exhibit | Filing date |
|---------------|-----------------------------------------------------------------------------------------------------------------------|---------------|------|--------------|---------|-------------|
| 99.4          | Press Release Announcing Viridian Tankless Water Heater as top product for 2008 by leading building industry magazine |          | 10-K | 12/31/08     | 99.1    | 4/15/09     |
| 99.5          | Press Release Announcing Brody Hanssen to the Executive Advisory Board                                                |          | 10-K | 12/31/08     | 99.2    | 4/15/09     |
| 99.6          | Press Release Announcing Viridian Tankless Water Heater displayed at International Building Industry Show             |          | 10-K | 12/31/08     | 99.3    | 4/15/09     |
| 99.7          | Press Release Announcing Viridian Tankless Water Heater displaying at Kitchen and Bath Industry Show                  |          | 10-K | 12/31/08     | 99.4    | 4/15/09     |
| 99.8          | Press Release Announcing Viridian Tankless Water Heater displaying at Connection 2009 PHCC Convention                 |          | 10-K | 12/31/08     | 99.5    | 4/15/09     |

----