U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A (Mark
One) [X]
    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30,
2007 [   ]
    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE
ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____ TO ______. Commission
File Number: 333-103986 NANO-JET CORP.(Exact name of registrant as specified in its
charter) Nevada
98-0384073(State or other jurisdiction of incorporation or
organization)
(IRS Employer Identification No.)  15321 Main Street, Suite
102 PO Box 5000, PMB 152 Duvall, WA 98019 (Address of principal executive offices) (425) 451-8036(Issuers Telephone Number) Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports), Yes XX   No ___    and (2) has been subject to such
filing requirements for the past 90 days. Yes XX   No
   ___ Indicate by check
mark whether the registrant is a large accelerated filer, an accelerated filer,
or a smaller reporting company.  See the definitions of the large
accelerated filer, accelerate filer, and smaller reporting company in Rule
12b-2 of the Exchange Act.   (Check one): Large Accelerated Filer [  ] Accelerated Filer [  ] Non-Accelerated Filer [  ] Smaller reporting company [X] (Do not check if a smaller reporting company)  Indicate by
checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of
the Exchange Act).  [ ] Yes    [ X ] No  As
of September 30, 2007, the issuer had 41,669,633 issued and outstanding of its
common stock.   EXPLANATORY NOTE  This Amendment #1 on Form 10-Q/A
amends and restates items identified below with respect to the Form 10-QSB filed
by Hitor, Inc. (formerly know as Nano-Jet Corp.) (the Company) for the period
ended September 30, 2007, with the Securities and Exchange Commission (the
SEC) on November 14, 2007 (the Original Filing). The purpose of this
Amendment is to amend and restate the previously issued financial statements
included in the Original Filing for the reasons fully set forth in Note 2 to the
financial statements included in Item 1 (Financial Statements) herein. Other
than as set forth below, the Original Filing continues to speak as of the date
of the filing thereof, and the disclosure relating to items not being updated
remains unchanged.  We would encourage any user of this
filing to review our current filings for the most accurate current information.
This Amendment is being filed as a corrected historical document.  This Amendment amends and restates
the information in Item 1. Financial Statements, Item 2. Managements
Discussion and Analysis, and Item 3 Controls and Procedures of the Original
Filing. This Amendment continues to describe conditions as of the date of the
Original Filing, and the disclosures contained herein have not been updated to
reflect events, results or developments that have occurred after the date of the
Original Filing, or to modify or update those disclosures affected by subsequent
events. Among other things, forward-looking statements made in the Original
Filing have not been revised to reflect events, results or developments that
have occurred or facts that have become known to us after the date of the
Original Filing, and such forward-looking statements should be read in their
historical context. This Amendment should be read in conjunction with the
Companys filings made with the SEC subsequent to the Original Filing, including
any amendments to those filings.  Restatement of previously issued
financial statements to correct a material misstatement is an indicator of a
material weakness in internal control over financial reporting.  A
material weakness is a deficiency, or a combination of deficiencies, in internal
control over financial reporting, such that there is a reasonable possibility
that a material misstatement of the companys annual or interim financial
statements will not be prevented or detected on a timely basis.  The Company did not have sufficient
qualified personnel with an adequate understanding of generally accepted
accounting principles and experience in the application of such principles to
financing transactions, which led to a material misstatement of the Companys
interim financial statements for the quarters ended September 30, 2006, March
31, 2007, June 30, 2007, September 30, 2007, March 31 2008, June 30, 2008 and
September 30, 2008, and the fiscal years ended December 31, 2006 and
2007.  Management has determined that this is a material weakness in
internal controls over financial reporting as of and for each of the periods
mentioned above. As of the date of this report, the Company believes that it has
taken appropriate steps to remedy these weaknesses.   PART I  FINANCIAL INFORMATION Item
1. Financial Statement


NANO-JET, CORP.Index to Financial StatementsRestatedBalance
Sheet:September
30, 2007 and December 31, 2006



F-2Statements
of Operations:For
the nine months ended September 30, 2007 and 2006



F-3Statements
of Stockholders' Deficit:For
the nine months ended September 30, 2007



F-4Statements
of Cash Flows:For
the nine months ended September 30, 2007 and 2006



F-5        NANO-JET, CORP.(A development stage
enterprise)Balance SheetRestated(Unaudited)

(Audtied)September 30,

December 31,2007

2006ASSETSCurrent assets:Cash

$
       221,812

$
       140,127Funds held in trust,
Attorney

1,412

1,412Accounts receivable



3,500Shareholder
Receivable

49,779

-Inventory

98,008

9,870Total current
assets

371,011

154,909Fixed AssetsFurniture and
Equipment

7,571

-Computer
Equipment

4,454

-Leasehold
Improvements

12,224

-Total Fixed Assets

24,249

-Less Accumulated Depreciation

-

-Net Fixed Assets

24,249

-Other AssetsDeposits

-

-Goodwill

-

-Total Other Assets

-

-Total
assets

$
       395,260

$
       154,909LIABILITIESCurrent liabilities:Accounts payable and
accrued expenses

$
        17,920

$
          2,829Deposit

-

-Advances from
shareholder

-

75,531Advance from Lantz
Financial, Inc.

24,500

24,500Total current
liabilities

42,420

102,860Long-term  liabilities:Convertible Notes Payable

300,000

200,000Total long-term
liabilities

300,000

200,000Total
liabilities

342,420

302,860STOCKHOLDERS' DEFICITCommon stock, $.001 par value,
100,000,000 authorized,41,669,633 shares issued and
outstanding

41,670

40,570Capital in excess of par value

830,699

31,799Deficit accumulated during the
development stage

(819,529)

(220,320)Total
stockholders' deficit

52,840

(147,951)Total
liabilities and stockholders' deficit

$
       395,260

$
       154,909F-2       NANO-JET, CORP.(A development stage enterprise)Statements of OperationsRestated (Unaudited)Cumulative,Inception,July 15,

Three Months

Three Months

Nine Months

Nine Months2005 Through

Ended

Ended

Ended

EndedSeptember 30,

September 30,

September 30,

September 30,

September 30,2007

2007

2006

2007

2006Sales

$
        19,140

$
          1,365

$
          3,500

$
          8,640

$         10,500Cost of
Sales

17,109

1,000

3,365

6,000

3,365Cost of
Sales

2,031

365

135

2,640

7,135General and
administrative expenses:Salaries

103,880

29,500

-

52,000

25,780Depreciation

-

-

-

-

-Legal
and professional

512,294

242,489

22,068

397,726

25,588Marketing
and Advertising

3,740

-

-

3,164

576Insurance

24,719

-

-

21,233

3,107Communications

10,276

2,962

-

7,766

1,787Rent

23,486

8,000

-

23,486

-Demo
Expense

-



-



-Other
general and administrative

106,193

25,845

8,506

59,468

28,800Total
operating expenses

784,588

308,796

30,574

564,843

85,638(Loss)
from operations

(782,557)

(308,431)

(30,439)

(562,203)

(78,503)Other income
(expense):Interest
Income

3,048

3,014

-

3,014

30Interest
(expense)

(40,020)

(3,925)

-

(40,020)

-(Loss)
before taxes

(819,529)

(309,342)

(30,439)

(599,209)

(78,473)Provision
(credit) for taxes on income

-

-

-

-

-Net
(loss)

$      (819,529)

$      (309,342)

$
       (30,439)

$      (599,209)

$
       (78,473)Basic earnings
(loss) per common share



$
          (0.01)

$
          (0.00)

$
          (0.01)

$
          (0.00)Weighted average
number of shares outstanding



40,986,300

40,569,633

40,986,300

40,569,633F-3       NANO-JET, CORP.(A development stage
enterprise)Statements of Stockholders'
DeficitRestated
(Unaudited)DeficitAccumulatedCapital in

During theCommon Stock

Excess of

DevelopmentShares

Amount

Par Value

Stage

TotalInception, July 15, 2005 through December
31, 2005 (Audited):Balances, December 31, 2005

81,005,000

$
       81,005

$
               -

$
        (135,692)

$  (54,687)Effects of Reverse Merger with
LFGSeptember 30,
2006

(40,435,367)

(40,435)

31,799



(8,636)Net (loss)







(84,628)

(84,628)Balances, December 31, 2006

40,569,633

$
        40,570

$
     31,799

$
        (220,320)

$ (147,951)Conversion of subordinated debtJune 19,
2007

1,000,000

1,000

699,000



700,000Issuance for services renderedJuly 14, 2007

100,000

100

99,900



100,000Net (loss)







(599,209)

(599,209)Balances, September 30, 2007

41,669,633

$
        41,670

$   830,699

$
        (819,529)

$     52,840F-4       NANO-JET, CORP.(A development stage enterprise)Statements of Cash FlowsRestated (Unaudited)Cumulative,Inception,July 15,2005 ThroughSeptember 30,

September 30,

September 30,2007

2007

2006Cash
flows from operating activities:Net
(loss)

$
     (819,529)

$      (599,209)

$
       (78,473)Adjustments
to reconcile net (loss) to cashprovided
(used) by developmental stage activities:Common
stock issued for services

181,005

100,000Effects
of reverse merger with LFG

(8,636)



(8,636)Depreciation
and Amortization





-Change
in current assets and liabilities:Funds
held in trust, Attorney

(1,412)



(2,920)Inventory

(98,008)

(88,138)

1,585Accounts
receivable



3,500Deposits

-Accounts
payable and accrued expenses

17,920

15,091

(28,156)Net
cash flows from operating activities

(728,660)

(568,756)

(116,600)Cash
flows from investing activities:Purchase
of fixed assets

(24,249)

(24,249)Website
development costs incurredNet
cash flows from investing activities

(24,249)

(24,249)

-Cash
flows from financing activities:Proceeds
from sale of common stock

700,000

700,000

-Advances
from/to shareholder

(49,779)

(125,310)

107,047Convertible
Note Payable

300,000

100,000Advance
from Lantz Financial, Inc.

24,500



10,000Net
cash flows from financing activities

974,721

674,690

117,047Net
cash flows

221,812

81,685

447Cash and
equivalents, beginning of period

-

140,127

-Cash and
equivalents, end of period

$        221,812

$        221,812

$
             447Supplemental
cash flow disclosures:Cash
paid for interest

$
       (40,020)

$
       (40,020)

$
               -Cash
paid for income taxes

-



-F-5   Nano-Jet Corp. (A development stage enterprise) Notes to Financial Statements September 30, 2007    Note 1 -
Organization and summary of significant accounting policies: Following
is a summary of the Companys organization and significant accounting policies: Organization
and nature of business - Hitor Group Inc., formerly Nano-Jet Corp. (We, or
the Company) is a Nevada corporation incorporated on July 15, 2005. Effective
December 6, 2007, the Company changed its name to Hitor Group Inc. The
Companys product is anticipated to allow owners and operators of both gasoline
and diesel powered vehicles to potentially increase fuel efficiency while
reducing fuel emissions into the environment. In addition, the Company intends
to operate three other subsidiaries. One will focus on oil extraction, transport
and storage solutions. The other will focus on alternative powered private and
commercial vehicles.  The Company owns a proprietary technology and
currently is applying for patents and has hired patent attorneys for this
technology worldwide Basis
of presentation -Our accounting and reporting policies conform to U.S.
generally accepted accounting principles applicable to development stage
enterprises.  Changes in classification of 2007 amounts have been made to
conform to current presentations. Use
of estimates -The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amount of revenues and expenses during the reporting
period. Actual results could differ from those estimates. Cash
and cash equivalents -For purposes of the statement of cash flows, we
consider all cash in banks, money market funds, and certificates of deposit with
a maturity of less than three months to be cash equivalents.  Funds
held in trust, Attorney - Our attorney held funds from our account from time
to time, and used them to pay corporate expenses.  We consider such funds
to be a current asset, but do not consider them to be cash equivalents. Inventory Inventory is recorded at first-in first-out cost.  The inventory
consists of imported parts.  Website
development costs- We follow Emerging Issues Task Force Issue No. 00-2,
Accounting for Website Development Costs, (EITF Issue No. 00-2),
which provides that for specific website development costs, the accounting
should be based generally on AICPA Statement of Position 98-1, Accounting
for the Costs of Computer Software Developed or Obtained for Internal
Use.  Under SOP 98-1, development costs are capitalized and
amortized to income over the estimated useful life of the website.  We
amortized our costs over a period ending in November, 2004, at which time our
domain registration expired. Property
and Equipment - The Company values its investment in property and equipment
at cost less accumulated depreciation.  Depreciation is computed primarily
by the straight line method over the estimated useful lives of the assets
ranging from five to thirty-nine years. Fair
value of financial instruments and derivative financial instruments - We
have adopted Statements of Financial Accounting Standards regarding
Disclosure About Derivative Financial Instruments and Fair Value of Financial
Instruments. The carrying amounts of cash, accounts payable, accrued
expenses, and other current liabilities approximate fair value because of the
short maturity of these items. These fair value estimates are subjective in
nature and involve uncertainties and matters of significant judgment, and,
therefore, cannot be   Nano-Jet Corp. (A development stage enterprise) Notes to Financial Statements September 30, 2007    determined
with precision. Changes in assumptions could significantly affect these
estimates.  We do not hold or issue financial instruments for trading
purposes, nor do we utilize derivative instruments in the management of foreign
exchange, commodity price or interest rate market risks. Federal
income taxes - Deferred income taxes are reported for timing differences
between items of income or expense reported in the financial statements and
those reported for income tax purposes in accordance with Statements of
Financial Accounting Standards regarding Accounting for Income Taxes,
which requires the use of the asset/liability method of accounting for income
taxes. Deferred income taxes and tax benefits are recognized for the future tax
consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax
bases, and for tax loss and credit carryforwards.  Deferred tax assets and
liabilities are measured using enacted tax rates expected to apply to taxable
income in the years in which those temporary differences are expected to be
recovered or settled.  Deferred taxes are provided for the estimated future
tax effects attributable to temporary differences and carryforwards when
realization is more likely than not. Net
income per share of common stock - We have adopted Statements of Financial
Standards regarding Earnings per Share, which requires presentation of
basic and diluted EPS on the face of the income statement for all entities with
complex capital structures and requires a reconciliation of the numerator and
denominator of the basic EPS computation to the numerator and denominator of the
diluted EPS computation.  In the accompanying financial statements, basic
earnings per share of common stock is computed by dividing net income by the
weighted average number of shares of common stock outstanding during the period.
 We do not have a complex capital structure requiring the computation of
diluted earnings per share. Note 2 - Restated
Statements- The financials statements have been revised due to managements
determination that the merger of the Company with LFG International, Inc. which
was originally shown as an acquisition was in fact a reverse merger.  All
statements since September 30, 2006, date of merger, have been revised for this
correction.  The following table
represents the effects of the restated statements as of December 31, 2007 and
2006:  [f10qamended93007final002.gif]    Nano-Jet Corp. (A development stage enterprise) Notes to Financial Statements September 30, 2007    Note 3 -
Uncertainty, going concern:  At
December 31, 2007, we were engaged in a business and had suffered losses from
development stage activities to date. In addition, current liabilities exceed
current assets, and we have minimal operating funds. Although management is
currently attempting to identify business opportunities and is seeking
additional sources of equity or debt financing, there is no assurance these
activities will be successful. Accordingly, we must rely on our officers to
perform essential functions without compensation until a business operation can
be commenced.  No amounts have been recorded in the accompanying financial
statements for the value of officers services, as it is not considered
material. These
factors raise substantial doubt about the ability of the Company to continue as
a going concern. The financial statements do not include any adjustments that
might result from the outcome of this uncertainty. Note
4 - Advance from Lantz Financial, Inc.:  On
March 6, 2006, April 20, 2005, and November 28, 2005, we obtained loans of
$10,000, $8,500 and $6,000 respectively from Lantz Financial, Inc., a Panamanian
company.  Lantz is a non-affiliate of the Company (not associated with any
officer, director, or 5% shareholder). The loans are not evidenced by a note, do
not bear interest, and are unsecured. They are due on demand.  The lender
has indicated that it may want to convert the debt into shares in the future,
but there is no agreement to that effect, and no understanding as to any other
terms. Note
5 - Federal income tax:  We
follow Statements of Financial Accounting Standards regarding Accounting for
Income Taxes. Deferred income taxes reflect the net effect of (a) temporary
difference between carrying amounts of assets and liabilities for financial
purposes and the amounts used for income tax reporting purposes, and (b)
net operating loss carryforwards. No net provision for refundable Federal income
tax has been made in the accompanying statement of loss because no recoverable
taxes were paid previously. Similarly, no deferred tax asset attributable to the
net operating loss carryforward has been recognized, as it is not deemed likely
to be realized.  The
provision for refundable Federal income tax consists of the following: 12/31/2006 12/31/2007 Refundable
Federal income tax attributable to: Current
operations $(28,774) $(250,260) Less,
Nondeductible expenses -0- -0- -Less,
Change in valuation allowance 28,774 250,260 Net
refundable amount -0-
                   -0-  The
cumulative tax effect at the expected rate of 34% of significant items
comprising our net deferred tax amount  is as follows: 12/31/2006 12/31/07 Deferred
tax asset attributable to: Net
operating loss carryover $74,909 $
325,170 Less,
Valuation allowance (
74,909) (
325,170) Net
deferred tax asset -0-
                     -0-   Nano-Jet Corp. (A development stage enterprise) Notes to Financial Statements September 30, 2007    At
December 31, 2007, an unused net operating loss carryover approximating $956,381
is available to offset future taxable income; it expires beginning in 2018.
 Due to the change of control of the Company, the use of the net operating
loss may be limited in the future. Note
6 - Cumulative sales of stock:  Since
its inception, we have issued shares of common stock as follows:  On July 15, 2005, the
Company issued 81,005,000 founder shares for services rendered in the amount of
$81,005.  On
September 30, 2006 the Company completed a reverse merger with LFG
International, Inc.  The Company issued 67,133 shares for the outstanding
shares of LFG International, Inc.  As part of the recapitalization of the
reverse merger, the Company executed a reverse 2:1 stock split.  The effect
of this reverse split was a reduction of the outstanding shares to
40,435,367.  On
June 19, 2007, the Companys convertible notes payable were called.  The
company issued 1,000,000 shares in exchange for $700,000 of the convertible
notes.  On
July 12, 2007 the Company issued 100,000 shares of common stock in exchange for
consulting services rendered.  Note 7 -
Convertible Notes Payable:  On
December 12, 2006 the Company issued a convertible notes payable in the amount
of $300,000.  $200,000 of the loan was advanced in December, 2006.  In
March 2007, the additional $100,000 was received.  The note is due one year
from the date of issue and bears interest at the rate of 5% per annum,
compounded annually.  The terms of the note allow the holder to convert the
note into shares of the Companys stock at the rate of one share per $1 of debt,
including unpaid interest.  The balance of the convertible notes payable at
December 31, 2007, was $300,000.  Note
8 - Merger with LFG International, Inc.:  Effective
September 30, 2006 the Company issued 67,000 shares of its common stock as part
of the merger with LFG International, Inc.  The Company has issued a
significant amount of its stock to acquire the Company and therefore is
considered a reverse acquisition under SFAS No. 141.  As part of the
reverse acquisition the Company initiated a 2:1 stock reversal at date of
transaction.       Nano-Jet Corp. (A development stage enterprise) Notes to Financial Statements September 30, 2007    At
the time of the merger the assets and liabilities of the Company and LFG
International consisted of the following:  Nano Jet

LFG

CombinedASSETS:Current
Assets:Cash
$
              447

$
                -

$
              447Cash
held in trust account


2,920

2,920Accounts
receivable
3,500



3,500Inventory
9,870



9,870Total
Current Assets
13,817

2,920

16,737TOTAL
ASSETS
$
         13,817

$
           2,920

$
         16,737LIABILITIES AND
STOCKHOLDERS DEFICIT:Current
Liabilities:Accounts
payable
$
                -

$
         41,569

$
                -Accrued
expenses
3,516

17,000Total
Current Liabilities
3,516

58,569

-Long
Term Liabilities:Shareholder
loans
118,461

20,000

134,033Loans
payable
25,000

24,500

24,500Total
Long Term Liabilities
143,461

44,500

158,533Stockholders
Deficit:Common
stock
81,005

67

40,570Paid
in capital


72,000

31,799Accumulated
deficit
(214,165)

(172,216)

(214,165)Total
Stockholders Equity
(133,160)

(100,149)

(141,796)TOTAL
LIABILITIES AND STOCKHOLDERS DEFICIT
$
         13,817

$
           2,920

$
         16,737  Note
9 - Stock Subscriptions On
March 22, 2007 the Company issued a stock subscription in the amount of
$700,000.  The subscription is for 1,000,000 shares at a rate of $0.70 per
share.  Among other provisions, the subscription holder has exclusive
selling rights to the Companys product in Poland and responsibilities to sell
preset amounts of product.    Nano-Jet Corp. (A development stage enterprise) Notes to Financial Statements September 30, 2007    Note
10 - New accounting pronouncements: In May 2008, the
Financial Accounting Standards Board (FASB) issued SFAS No. 163, Accounting
for Financial Guarantee Insurance Contracts-and interpretation of FASB Statement
No. 60.  SFAS No. 163 clarifies how Statement 60 applies to financial
guarantee insurance contracts, including the recognition and measurement of
premium revenue and claims liabilities. This statement also requires expanded
disclosures about financial guarantee insurance contracts. SFAS No. 163 is
effective for fiscal years beginning on or after December 15, 2008, and interim
periods within those years. SFAS No. 163 has no effect on the Companys
financial position, statements of operations, or cash flows at this time.  In May 2008, the
Financial Accounting Standards Board (FASB) issued SFAS No. 162, The
Hierarchy of Generally Accepted Accounting Principles.  SFAS No. 162 sets
forth the level of authority to a given accounting pronouncement or document by
category. Where there might be conflicting guidance between two categories, the
more authoritative category will prevail. SFAS No. 162 will become effective 60
days after the SEC approves the PCAOBs amendments to AU Section 411 of the
AICPA Professional Standards. SFAS No. 162 has no effect on the Companys
financial position, statements of operations, or cash flows at this time.  In March 2008, the
Financial Accounting Standards Board, or FASB, issued SFAS No. 161, Disclosures
about Derivative Instruments and Hedging Activitiesan amendment of FASB
Statement No. 133.  This standard requires companies to provide
enhanced disclosures about (a) how and why an entity uses derivative
instruments, (b) how derivative instruments and related hedged items are
accounted for under Statement 133 and its related interpretations, and (c) how
derivative instruments and related hedged items affect an entitys financial
position, financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application encouraged. The Company has not yet
adopted the provisions of SFAS No. 161, but does not expect it to have a
material impact on its consolidated financial position, results of operations or
cash flows.  In December
2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding the use
of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in developing
an estimate of expected term of "plain vanilla" share options in accordance with
SFAS No. 123 (R), Share-Based Payment.  In particular, the staff
indicated in SAB 107 that it will accept a company's election to use the
simplified method, regardless of whether the company has sufficient information
to make more refined estimates of expected term. At the time SAB 107 was issued,
the staff believed that more detailed external information about employee
exercise behavior (e.g., employee exercise patterns by industry and/or other
categories of companies) would, over time, become readily available to
companies. Therefore, the staff stated in SAB 107 that it would not expect a
company to use the simplified method for share option grants after December 31,
2007. The staff understands that such detailed information about employee
exercise behavior may not be widely available by December 31, 2007. Accordingly,
the staff will continue to accept, under certain circumstances, the use of the
simplified method beyond December 31, 2007. The Company currently uses the
simplified method for plain vanilla share options and warrants, and will
assess the impact of SAB 110 for fiscal year 2009. It is not believed that this
will have an impact on the Companys consolidated financial position, results of
operations or cash flows.  In December 2007, the
FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial
Statementsan amendment of ARB No. 51.  This statement amends ARB 51
to establish accounting and reporting standards for the noncontrolling interest
in a subsidiary and for the deconsolidation of a subsidiary. It clarifies that a
noncontrolling interest in a subsidiary is an ownership interest in the
consolidated entity that should be reported as equity in the consolidated
financial statements. Before this statement was issued, limited   Nano-Jet Corp. (A development stage enterprise) Notes to Financial Statements September 30, 2007    guidance existed for
reporting noncontrolling interests. As a result, considerable diversity in
practice existed. So-called minority interests were reported in the consolidated
statement of financial position as liabilities or in the mezzanine section
between liabilities and equity. This statement improves comparability by
eliminating that diversity. This statement is effective for fiscal years, and
interim periods within those fiscal years, beginning on or after December 15,
2008 (that is, January 1, 2009, for entities with calendar year-ends). Earlier
adoption is prohibited. The effective date of this statement is the same as that
of the related Statement 141 (revised 2007). The Company will adopt this
Statement beginning March 1, 2009. It is not believed that this will have an
impact on the Companys consolidated financial position, results of operations
or cash flows.  In December 2007, the
FASB, issued FAS No. 141 (revised 2007), Business Combinations. This Statement
replaces FASB Statement No. 141, Business Combinations, but retains the
fundamental requirements in Statement 141.  This Statement
establishes principles and requirements for how the acquirer: (a) recognizes and
measures in its financial statements the identifiable assets acquired, the
liabilities assumed, and any noncontrolling interest in the acquiree; (b)
recognizes and measures the goodwill acquired in the business combination or a
gain from a bargain purchase; and (c) determines what information to disclose to
enable users of the financial statements to evaluate the nature and financial
effects of the business combination. This statement applies prospectively to
business combinations for which the acquisition date is on or after the
beginning of the first annual reporting period beginning on or after December
15, 2008. An entity may not apply it before that date. The effective date of
this statement is the same as that of the related FASB Statement No. 160,
Noncontrolling Interests in Consolidated Financial Statements.  The
Company will adopt this statement beginning March 1, 2009. It is not believed
that this will have an impact on the Companys consolidated financial position,
results of operations or cash flows.  In February 2007, the
FASB, issued SFAS No. 159, The Fair Value Option for Financial Assets and
LiabilitiesIncluding an Amendment of FASB Statement No. 115.  This
standard permits an entity to choose to measure many financial instruments and
certain other items at fair value. This option is available to all entities.
Most of the provisions in FAS 159 are elective; however, an amendment to FAS 115
Accounting for Certain Investments in Debt and Equity Securities applies to all
entities with available for sale or trading securities. Some requirements apply
differently to entities that do not report net income. SFAS No. 159 is effective
as of the beginning of an entity's first fiscal year that begins after November
15, 2007. Early adoption is permitted as of the beginning of the previous fiscal
year provided that the entity makes that choice in the first 120 days of that
fiscal year and also elects to apply the provisions of SFAS No. 157 Fair Value
Measurements.  The Company will adopt SFAS No. 159 beginning March 1,
2008 and is currently evaluating the potential impact the adoption of this
pronouncement will have on its consolidated financial statements.  In September 2006,
the FASB issued SFAS No. 157, Fair Value Measurements  This statement
defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles (GAAP), and expands disclosures about
fair value measurements. This statement applies under other accounting
pronouncements that require or permit fair value measurements, the Board having
previously concluded in those accounting pronouncements that fair value is the
relevant measurement attribute. Accordingly, this statement does not require any
new fair value measurements. However, for some entities, the application of this
statement will change current practice. This statement is effective for
financial statements issued for fiscal years beginning after November 15, 2007,
and interim periods within those fiscal years. Earlier application is
encouraged, provided that the reporting entity has not yet issued financial
statements for that fiscal year, including financial statements for an interim
period within that fiscal year. The Company will adopt this   Nano-Jet Corp. (A development stage enterprise) Notes to Financial Statements September 30, 2007    statement March 1,
2008, and it is not believed that this will have an impact on the Companys
consolidated financial position, results of operations or cash flows.


Item
2. Plan of Operation Business
Description Nano-Jet
Corp. was incorporated on November 4, 2002, in the State of Nevada as Can/Am
Autosales, Inc.  The Company changed its name to on August 27, 2004, to LFG
International, Inc.  On September 30, 2006, the Company completed a merger
with Nano-Jet Corp., a private Nevada corporation.  On October 19, 2006,
the Company changed its name to Nano-Jet Corp. Nano-Jet has licensed
a proprietary technology and currently holds patents for this technology
worldwide.  The Companys product will allow owners and operators of both
gasoline and diesel powered vehicles to potentially save up to 20% in fuel
efficiency and reduce fuel emissions into the environment by as much as 50%.  Plan of
Operation  1. Overview  Nano-Jet
will market to both the American and international trucking and automobile parts
distribution companies. It is not the intent of the Company to market directly
to the consumer, but rather through distribution channels in the truck,
automobile and motorcycle industry. The Company will educate these groups about
the benefits of a Nano-Jet fuel saving device. Nano-Jet expects to form
licensing arrangements with original equipment manufacturers (OEMs) having high
brand recognition in the automobile marketplace. 2. Marketing
Strategies  a.
Nano-Jets primary market is the American trucking companies and automobile
manufacturers and international trucking and automobile makers.  Nano-Jet
expects its products will increase the speed and effectiveness with which it
educates the consumer in order to capture more market share.  It will
effectively do this by:  · Producing
commercials that demonstrate the superior performance and fuel efficiency of
Nano-Jet products;  · Enlisting
a well-known high performance automobile driver, who can be the marketing face
of the company to both the recreational and commercial automotive user;  · Implementing
a concurrent advertising campaign using both web and print versions of major
publishers like Motor Trend, Road and Track and national newspapers and trucking
magazines.  · Seek
to get product evaluators at automobile, truck and motorcycle magazines to
evaluate and write articles about Nano-Jet and its multiple lines of
products.        · Intentionally
form relationships with reporters interested in automobile fuel efficiency with
the goal of increasing the media examination of the issues associated with
traditional fossil fuel consumption;  · Increasing
the direct response to Nano-Jets website by strategic search engine
registrations, increased links, and an email marketing campaign;  · Adding
video content to Nano-Jets commercial website so visitors experience a
educational video presentation on the fuel efficiency and performance benefits
of Nano-Jet products as well as testimonials from consumers;  · Training
a sales staff whose mission will be to educate trucking companies, automobile
parts distributors and motorcycle manufacturers of the benefits of Nano-Jet for
its customers;  · Create
strategic alliances with manufacturing companies like Kenworth, Peterbuilt,
Volvo, Mercedes, General Motors, Ford, Toyota, Nissan, and Chrysler.  b.
Licensing Agreements-Original Equipment Manufacturers In
addition to marketing techniques that effectively educate and lead the trucking
and automobile companies to buy Nano-Jet products, Nano-Jet will also pursue
strategic alliances with one or more major OEMs via licensing agreements.
 These OEMs should have wide brand recognition, excellent financial health
and resources, an established presence in international markets, and a track
record of honoring its licensing agreements.  The benefits of forming a
licensing relationship with a major OEM include: · Lower
financial risk due to shared costs; · Lower
business risk because of the prior success; · Immediate
brand recognition and acceptance; · Facilitates
acceptance of Nano-Jets new technology; · Access
to new distribution channels; · Ease
of entry into international markets of the OEMs; · Platform
for ease of entry of future Nano-Jet products;       · Ability
to focus on R&D of future products; · Provides
greater protection of intellectual property; · Quickens
the pace toward becoming a market standard. An
effective OEM licensing relationship will result in higher marketplace
visibility for Nano-Jet, reduce the Companys costs of marketing, and speed up
marketing for world consumption. 4.
Website  The
Nano-Jet website will actas a centerpiece
to operations and in the future Nano-Jet will further build out their website
which will be accessed by member password for trucking companies and
distributors. The website will form a hub for its Internet community which will
also include motorcycle parts distributors. The website will be technically
viewed as a portal to all of Nano-Jets product lines. The site will also
provide an arena for ongoing communication among users, testimonials, etc.
Online information will be available to members in a highly intuitive format.  The Company's
two-fold marketing and sales strategy is directed toward establishing immediate
technological preeminence, rapid penetration, and market dominance within five
years of market entry.  The company will first approach trucking companies
and truck manufacturers, truck, automobile and motorcycle distributors, as well
as wholesalers.  Financial
Discussion As
of September 30, 2007, Nano-Jet had $221,812 cash.  Development stage net
loss for the nine-months ended September 30, 2007 was $599,209, compared to
$30,439 for the nine-month period ended September 30, 2006.  The loss for
the quarter ended September 30, 2007 consisted primarily of legal and accounting
expenses incident to the companys development stage activities and its recent
merger. There
is substantial doubt about our ability to continue as a going concern as we have
suffered recurring losses from operations and have no established source of
revenue.  Accordingly, our independent auditors included an explanatory
paragraph regarding concerns about our ability to continue as a going concern.
 Our financial statements contain additional note disclosures describing
the circumstances that lead to this disclosure by our independent auditors. Item
3. Controls and procedures (a) Evaluation of Disclosure Controls
and Procedures  Our Chief Executive Officer and Chief
Financial Officer, after evaluating the effectiveness of our disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)), have
concluded that, as of September 30, 2007, our disclosure controls and procedures
were not effective in providing reasonable assurance that information we are
required to disclose in reports we file is recorded, processed, summarized and
reported within the periods specified.  Specifically, we have noted the
following material weaknesses and significant deficiencies in our internal
controls over financial reporting and disclosure:        ·we do not have sufficient segregation
of duties in our day-to-day operations and have not implemented compensating
controls to offset the material weaknesses noted; ·we have noted material weaknesses
with respect to our financial reporting process, most notably our internal audit
functions; ·we have noted material weaknesses
with respect to our corporate governance and control environment, as noted by
restatements of our financial statements from September 30, 2006, to September
30, 2008, due to material misstatements noted in the mis-classification and
treatment of our reverse merger, as more fully described in Note 2 to the
interim financial statements filed with this report.  We have restated
all financial statements from September 30, 2006 to September 30,
2008.  (b) Managements Annual Report on
Internal Control Over Financial Reporting  We have noted material weaknesses and
significant deficiencies in our internal controls over financial reporting as a
result of material misstatements relating to our financial statements from
September 30, 2006 to September 30, 2008 as outlined above.  For more
information on the material weakness, refer to Item 8 of Form 10-K/A for the
year ended December 31, 2008 as filed on June 15 2009.  (c) Changes in Internal Control Over
Financial Reporting  There were no changes in our internal
control over financial reporting during the three months ended September 30,
2007, that have materially affected, or are reasonably likely to materially
affect our internal controls over financial reporting.  Due to the material weaknesses and
significant deficiencies noted above, management and the Board of Directors are
currently working to remediate all noted weaknesses and
deficiencies.  Part
II  Other Information Item
6. Exhibits and Reports on Form 8-K Exhibits: Exhibit
No.
Document
Location3.1
Articles of
Incorporation
Previously
Filed3.2
Bylaws
Previously
Filed31.1
Certification
of the Chief Financial Officer of the Company as adopted pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
Included32
Certification
of the Chief Executive Officer and Chief Financial Officer of the Company
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002
Included       In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized, this 11th day of June, 2009. NANO-JET
CORP. [f10qamended93007final004.gif] By: Ken Martin Its: CEO, Principal
Accounting Officer