UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-K/A Amendment No. 1  S ANNUAL REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the fiscal year ended
December 31, 2007  £ TRANSITION REPORT PURSUANT TO SECTION
13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934  Commission file number: 000-30245  IDI Global, Inc. (Exact name of small business issuer as
specified in its charter)  Nevada
87-0617040(State of incorporation)
(I.R.S. Employer Identification
No.)  3520 North University Ave, Suite
300, Provo, Utah
84604(Address of principal executive
offices)
(Zip code)  Issuer's telephone number, including area
code: (801) 224-4444  Securities registered pursuant to Section
12(b) of the Act:  None.  Securities registered pursuant to Section
12(g) of the Act:  Common Stock par value $.001 per share  Indicate by check mark if the registrant is
a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes
 £   No  S  Check whether the issuer is not required to
file reports pursuant to Section 13 or 15(d) of the Exchange Act.  £  Check whether the issuer (1) filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to such
filing requirements for the past 90 days.  Yes S  No £  Check if disclosure of delinquent filers in
response to item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. £  Indicate by check mark whether the
registrant is a shell company (as defined in rule 12b-2 of the Exchange Act).
 Yes £  No S  Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company. See definition of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2
of the Exchange Act.  Large accelerated filer £

Accelerated filer £

Non-accelerated filer £

Smaller reporting company S  State issuer's revenue for its most recent
fiscal year: $3,107,489.00  As of April 28, 2008, the registrant had
19,460,174 shares of common stock outstanding. The aggregate market value of the
19,037,834 shares of voting stock held by non-affiliates as of that date was
approximately $190,378.  Documents incorporated by reference: None.  Transitional Small Business Disclosure
Format (check one): Yes £
  No S    EXPLANATORY NOTE IDI Global,
Inc. (the Company, we, us, or our) is filing this Annual Report on Form
10-K/A (the Amended Filing) solely for the purpose of amending the disclosures
in Part II, Item 9A, Controls and Procedures, and modifying the list of
exhibits in Part IV, Item 15, Exhibits, of our Annual Report on Form 10-K for
the fiscal year ended December 31, 2007, filed with the Securities and Exchange
Commission on May 2, 2008 (the Original Filing). Pursuant to Rule 12b-15 under
the Securities Exchange Act of 1934, this Amended Filing contains all of the
disclosure required by Part II, Item 9A, including information previously
disclosed in our Original Filing and also includes currently dated
certifications from the Companys President and Chief Executive Officer and
Chief Financial Officer. Except as described above, this Amended Filing does not
amend any other Item of our Original Filing, does not reflect events occurring
after the filing of the Original Filing, and does not modify or update in any
way the disclosures contained in the Original Filing, which speak as of the date
of the Original Filing. Accordingly, this Amended Filing should be read in
conjunction with the Original Filing and our other SEC filings subsequent to the
filing of the Original Filing.  2   PART II  ITEM 9A. CONTROLS AND PROCEDURES  Evaluation of Disclosure Controls and
Procedures . Our Chief Executive Officer and a consultant providing services
to the Company commonly performed by a Chief Financial Officer, after evaluating
the effectiveness of the Company's "disclosure controls and procedures" (as
defined in the Securities Exchange Act of 1934 (Exchange Act) Rules 13a-15(e) or
15d-15(e)) as of the end of the period covered by this annual report, have
concluded that our disclosure controls and procedures are not effective based on
their evaluation of these controls and procedures required by paragraph (b) of
Exchange Act Rules 13a-15 or 15d-15.  Factors which led our management to
conclude that our disclosure controls and procedures were not effective include,
but are not limited to:  - late filing of our
Annual Report for the year ended December 31, 2007;  - failure to include the
required managements report on our internal control over financial reporting;
and  - the identification by
our auditors of material weaknesses relating to reconciliation transactions and
recording of accounts payable and accrued expenses, without corresponding
disclosure relating to remediative measures to be taken.  As discussed elsewhere in our Annual
Report, on April 17, 2006, IDI Global, Inc., as well as two of its wholly owned
subsidiaries, IDI Small Business, Inc., and Chief Financial, Inc., along with
the wholly owned subsidiary of Chief Financial, Professional Consulting
Services, filed for Chapter 11 bankruptcy protection under Title 11 of the U.S.
Bankruptcy Code in the United States Bankruptcy Court for the District of Utah
(the Bankruptcy Court).  Although the Company has endeavored to maximize
its value for the benefit of creditors and shareholders, as of the date of this
report, it was unknown whether the Company would be able to continue as a going
concern.  However, there can be no guarantee that the Company's
negotiations will be successful or will enable the Company to continue as a
going concern.  In light of the Companys involvement in
the bankruptcy proceedings, the Company is limited in its ability to take steps
to remediate the weaknesses in its disclosures.  In the event the Company
is able to continue as a going concern, management will determine what steps
should be taken to address the non-effectiveness of the Companys disclosure
controls and procedures, and will use their best efforts to implement such
steps.  Changes in Internal Control Over
Financial Reporting. Other than as discussed below, there were no changes in
our internal control over financial reporting identified in connection with the
evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that
occurred during our last fiscal quarter that have materially affected, or are
reasonably likely to materially affect, our internal control over financial
reporting.  Managements Report on Internal Control
Over Financial Reporting  Under applicable SEC regulations, our
management is responsible for establishing and maintaining effective internal
control over financial reporting (as defined in Rule 13a-15(f) or Rule 15d-(f)
under the Securities Exchange Act of 1934). Because of its inherent limitations,
internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate because of
changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.  The Companys Chief Executive officer,
together with a consultant performing services for the Company commonly
performed by a Chief Financial Officer, has completed its evaluation of the
Companys Internal Controls and has completed Managements Assessment of these
controls.  (Please note: During the preparation of this Amended Annual
Report, the consultant performing services for the Company commonly performed by
a Chief Financial Officer resigned his position as consultant.  However,
such resignation came after the conclusion of the evaluation of the Companys
Internal Controls and during the preparation of Managements Assessment.)
 In performing the evaluation of the Companys Internal Controls,
management used a framework that was based on the framework established
Committee of Sponsoring Organizations of Treadway Commission (the COSO
model).  3   After completing
managements evaluation of Internal Controls over Financial Reporting, the
following assessment was made:  IDI used a full time internal controller to
review and account for all financial reporting required by the Company.
 Following the Controllers activities all financial reporting was
presented to an outside consultant who verified all of the financial accounting,
reporting and entries made by the Company.  The outside Consultant then
reviewed the financial reporting for each quarter with an outside CPA firm that
is knowledgeable in the SEC requirements for quarterly and annual reviews and
audits.  The Consultant reviewed each reporting entry and sought the
guidance and expertise of the independent CPA firm where necessary until the
reporting was accurate and compliant with SEC guidelines and regulations.  Additionally, the consultant would prepare
monthly reports required by the US Bankruptcy Trustee which provided detailed
information relating to the Companys transactions for each month.  This
report was prepared by the controller and the consultant, and was presented to
two law firms for additional review and comments.  The monthly internal
reports and review of financial information gave an added level of internal
control for accurate financial reporting, and allowed the US Bankruptcy Trustee,
together with two independent law firms, access to each financial entry being
made by the Company.  Because the level of financial activity was minimal,
few questions or issues were raised, and the reporting was deemed accurate,
timely and properly controlled by all who were involved in the process.  On a quarterly and annual basis, all of the
monthly reporting and controls were reviewed for the appropriate three month and
twelve month periods and consolidated into the required quarterly and annual
filings.  All of the monthly controls at the controller and consultant
Level were reviewed for accuracy and compliance.  The consultant continued
to work with the independent CPA firm to ensure the work of the controller and
consultant were compliant with proper accounting and disclosure requirements
according to the SEC guidelines for publicly traded companies.  Once all internal questions had been
reviewed and verified, the Companys CPA firm would receive all of the financial
reporting from the IDI consultant, and open communication and dialogue would
occur to answer any and all questions raised by the CPA firm.  Detailed
communication would go back and forth between the consultant and the CPA firm
until all financial entries were deemed accurate by all parties.  At that
time, the financial results would be presented to an independent Accounting Firm
that would assist in the preparation of the actual financial statements and
notes which would then be reviewed and approved the both the Company consultant
and the CPA firm.  Any questions or issues that were raised would be
reviewed by all parties until the CPA firm was satisfied that a complete and
accurate accounting had been made for the appropriate financial period.  In light of the Companys circumstances,
including being involved in bankruptcy proceedings and being subject to
oversight by the bankruptcy court, and having extremely limited operations,
Management believes that the evaluation process used was acceptable and in
compliance with the requirements imposed by, and that the framework was
satisfactory under, the rules relating to managements assessment of the
Companys internal controls over financial reporting as set forth in Rule
13a-15(f) or Rule 15d-(f) under the Securities Exchange Act of 1934.  Based on the evaluation described above,
the Companys management has concluded that the Companys internal controls over
financial reporting were not effective as of the end of the period covered by
the Annual Report.  Management determined that the Company was
deficient in the formal written controls and procedures needed to ensure the
appropriate and required disclosures for financial reporting.
 Additionally, our auditors have informed us of two material weaknesses
which relate to the preparation of our financial statements. The first material
weakness relates to the reconciliation of transactions associated with the sale
of Internet Development, and the second material weakness relates to the proper
recording of accounts payable and accrued expenses.  Because the Company
has no operating divisions and is involved in bankruptcy proceedings, management
believes that the deficiencies leading to the first material weakness identified
are unlikely to be repeated.  Accordingly, management intends to address
the second material weakness identified by our auditors by making and
implementing certain procedural changes.  First, the Companys new
procedure will require internal financial communication about the proper
recording of accounts payable and accrued expenses, as well as external
verification with the Companys Auditors to obtain the Auditors guidance and
determination on how best to account for these financial entries.  The Company notes that in light of the
involvement of the Bankruptcy Court in all aspects of the Companys business
operations, the Companys financial reporting is carefully reviewed by multiple
financial parties including the US Bankruptcy Trustee who receives detailed
accounting and reporting on a monthly basis.  4   Additionally,
because there are no more operating channels within the Company, the number of
financial transactions in which the Company is involved is low, and management
believes a detailed review of all such reporting to be very straightforward and
manageable.  Management believes that the implementation
of the procedural changes outlined above, together with the reduced number of
financial transactions in which the Company is involved (due to lack of
operations), will allow the Company to remediate the weaknesses identified above
and to have effective internal controls over financial reporting on an ongoing
basis.  This annual report does not include an
attestation report of the Companys registered public accounting firm regarding
internal control over financial reporting.  Managements report was not
subject to attestation by the Companys registered public accounting firm
pursuant to temporary rules of the Securities and Exchange Commission that
permit the Company to provide only managements report in this annual
report.  Limitations on Effectiveness of
Controls.  A system of controls, however well designed and operated,
can provide only reasonable, and not absolute, assurance that the system will
meet its objectives. The design of a control system is based, in part, upon the
benefits of the control system relative to its costs. Control systems can be
circumvented by the individual acts of some persons, by collusion of two or more
people, or by management override of the control. In addition, over time,
controls may become inadequate because of changes in conditions, or the degree
of compliance with the policies or procedures may deteriorate. In addition, the
design of any control system is based in part upon assumptions about the
likelihood of future events.  PART IV  ITEM 15. EXHIBITS  Exhibits  31.1
Chief Executive Officer/Chief Financial Officer
Certification32.1
Section 1350 Certification   SIGNATURES  In accordance with Section 13 or 15(d) of
the Securities Exchange Act of 1934, the registrant caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.  Date: December 11, 2008  IDI Global, Inc.    By:   /s/ Kevin R.
Griffith Kevin R. Griffith President, CEO, Secretary/Treasurer,
and Director (Principal Executive Officer,
Principal Financial Officer)   5