| x | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT OF 1934 |
|---|---------------------------------------------------------------------------------------------------|

|  ̈ | TRANSITION      REPORT UNDER SECTION 13 OF 15(d) OF THE EXCHANGE ACT OF    1934 |
|--------|---------------------------------------------------------------------------------|

----

----

| Nevada                                                                  | 88-0507007                               |
|-------------------------------------------------------------------------|------------------------------------------|
| (State      or other jurisdiction ofincorporation      or organization) | (IRS      Employer IdentificationNumber) |

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

----

| Part      I  | Financial      Information |
|--------------|----------------------------|
|         |                       |   |   |
|         | Item      1.               | Financial      Statements |   |
|         |                       |   |   |
|         |                       | Consolidated      Balance Sheets (unaudited) |   |
|         |                       | December      31, 2009 and March 31, 2009 | 3 |
|         |                       |   |   |
|         |                       | Consolidated      Statements of Operations (unaudited) |   |
|         |                       | Three      and Nine Months Ended December 31, 2009 and 2008, and |   |
|         |                       | Inception      (May 9, 2007) through December 31, 2009 | 4 |
|         |                       |   |   |
|         |                       | Consolidated      Statements of Cash Flow (unaudited) |   |
|         |                       | Nine      Months Ended September 31, 2009 and 2008, and |   |
|         |                       | Inception      (May 9, 2007) through December 31, 2009 | 5 |
|         |                       |   |   |
|         |                       | Notes      to Unaudited Consolidated Financial Statements | 6 |
|         |                       |   |   |
|         | Item      2.               | Management’s      Discussion and Analysis of Financial Condition and |   |
|         |                       | Results      of Operations | 7 |
|         |                       |   |   |
|         | Item      3.               | Quantitative      and Qualitative Disclosures About Market Risk | 8 |
|         |                       |   |   |
|         | Item      4.               | Controls      and Procedures | 8 |
|         |                       |   |   |
| Part      II | Other      Information     |   |
|         |                       |   |   |
|         | Item      5.               | Exhibits | 9 |

----

| ITEM      1. |  FINANCIAL      STATEMENTS |
|--------------|---------------------------------|

|                                                                                                              |   | December 31,2009 |       |   | March 31, 2009 |   |
|-------------------------------------------------------------------------------------------------------------------|--------|-----------------------|------------|--------|--------------------------|--------|
|                                                                                                              |   |                  |       |   |                     |   |
| ASSETS                                                                                                            |   |                  |       |   |                     |   |
|                                                                                                              |   |                  |       |   |                     |   |
| Cash      and cash equivalents                                                                                    |   | $                     | 14         |   |                     | $      | 300 |   |
| Total      current assets                                                                                         |   |                  | 14         |   |                     |   | 300 |   |
| Property      and equipment, net                                                                                  |   |                  | 3,230      |   |                     |   | 4,002 |   |
| Total      assets                                                                                                 |   | $                     | 3,244      |   |                     |   | 4,302 |   |
|                                                                                                              |   |                  |       |   |                     |   |   |   |
| LIABILITIES      AND SHAREHOLDERS' DEFICIT                                                                        |   |                  |       |   |                     |   |   |   |
|                                                                                                              |   |                  |       |   |                     |   |   |   |
| Current      liabilities:                                                                                         |   |                  |       |   |                     |   |   |   |
| Accounts      payable                                                                                             |   | $                     | 225,166    |   |                     | $      | 226,113 |   |
| Accounts      payable – related parties                                                                     |   |                  | 102,173    |   |                     |   | 102,173 |   |
| Accrued      liabilities                                                                                          |   |                  | 35,282     |   |                     |   | 28,102 |   |
| Notes      payable – related parties                                                                        |   |                  | 99,478     |   |                     |   | 95,302 |   |
| Total      current liabilities                                                                                    |   |                  | 462,099    |   |                     |   | 451,690 |   |
|                                                                                                              |   |                  |       |   |                     |   |   |   |
| Shareholders      deficit::                                                                                       |   |                  |       |   |                     |   |   |   |
| Common      stock, $.001 par value, 500,000,000 shares authorized; 462,055,263 shares      issued and outstanding |   |                  | 462,055    |   |                     |   | 462,055 |   |
| Additional      paid-in capital                                                                                   |   |                  | 1,875,942  |   |                     |   | 1,875,942 |   |
| Deficit      accumulated during the development stage                                                             |   |                  | (2,796,852 | )      |                     |   | (2,785,385 | ) |
| Total      shareholders’ deficit                                                                            |   |                  | (458,855   | )      |                     |   | (447,388 | ) |
| Total      liabilities and shareholders' deficit                                                                  |   | $                     | 3,244      |   |                     |   | 4,302 |   |

----

|                                                                               |   | Three Months Ended December31, |        |   | Nine Months Ended December 31, |   |        | Inception (May 9,2007) to |   |
|------------------------------------------------------------------------------------|--------|-----------------------------------------------|-------------|--------|----------------------------------------------------|--------|-------------|------------------------------------------|--------|
|                                                                               |   | 2009                                          |        |   | 2008                                               |   |        | 2009                                     |   |   | 2008 |   |   | December 31, 2009 |   |
|                                                                               |   |                                          |        |   |                                               |   |        |                                     |   |   |   |   |   |   |   |
| Revenue                                                                            |   | $                                             | -           |   |                                               | $      | -           |                                     |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                               |   |                                          |        |   |                                               |   |        |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs      and expenses:                                                           |   |                                          |        |   |                                               |   |        |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Compensation      and related expenses                                             |   |                                          | -           |   |                                               |   | 143,478     |                                     |   |   | - |   |   |   | 231,278 |   |   |   | 1,009,324 |   |
| Office      administration                                                         |   |                                          | -           |   |                                               |   | 4,419       |                                     |   |   | 65 |   |   |   | 7,646 |   |   |   | 21,070 |   |
| Professional      fees                                                             |   |                                          | -           |   |                                               |   | 65,256      |                                     |   |   | 3,450 |   |   |   | 342,078 |   |   |   | 853,388 |   |
| Investor      relations                                                            |   |                                          | -           |   |                                               |   | 10,615      |                                     |   |   | - |   |   |   | 19,940 |   |   |   | 292,444 |   |
| Merger      expenses                                                               |   |                                          | -           |   |                                               |   | -           |                                     |   |   | - |   |   |   | - |   |   |   | 8,113 |   |
| Impairment      of license agreement                                               |   |                                          | -           |   |                                               |   | -           |                                     |   |   | - |   |   |   | 32,725 |   |   |   | 80,100 |   |
| Acquisition      costs of subsidiary                                               |   |                                          | -           |   |                                               |   | -           |                                     |   |   | - |   |   |   | - |   |   |   | 220,000 |   |
| Depreciation      and amortization                                                 |   |                                          | 257         |   |                                               |   | 9,111       |                                     |   |   | 772 |   |   |   | 20,668 |   |   |   | 30,804 |   |
| Other      expenses                                                                |   |                                          | -           |   |                                               |   | 118,470     |                                     |   |   | - |   |   |   | 153,482 |   |   |   | 292,026 |   |
| Total      costs and expenses                                                      |   |                                          | 257         |   |                                               |   | 351,349     |                                     |   |   | 4,287 |   |   |   | 807,817 |   |   |   | 2,807,269 |   |
|                                                                               |   |                                          |        |   |                                               |   |        |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      expense                                                              |   |                                          | 2,402       |   |                                               |   | 342,281     |                                     |   |   | 7,180 |   |   |   | 433,298 |   |   |   | 468,348 |   |
| Gain      on deconsolidated subsidiary                                             |   |                                          | -           |   |                                               |   | -           |                                     |   |   | - |   |   |   | - |   |   |   | (478,765 | ) |
| Net      loss                                                                      |   | $                                             | 2,659       |   |                                               | $      | (693.630    | )                                        |   | $ | 11,467 |   |   | $ | (1,241,115 | ) |   | $ | (2,796,852 | ) |
|                                                                               |   |                                          |        |   |                                               |   |        |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss per share:                                                           |   |                                          |        |   |                                               |   |        |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and diluted                                                             |   | $                                             | (0.00       | )      |                                               | $      | (0.00       | )                                        |   | $ | (0.00 | ) |   | $ | (0.01 | ) |   |   |   |   |
|                                                                               |   |                                          |        |   |                                               |   |        |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average number of common shares outstanding - Basic and      diluted |   |                                          | 462,055,263 |   |                                               |   | 340,108,200 |                                     |   |   | 462,055,263 |   |   |   | 142,732,952 |   |   |   |   |   |

----

----

|                                                                        |   |  Nine Months EndedDecember 31, |    |   | Cumulativefrom Inception(May 9, 2007)throughDecember 31, |   |
|-----------------------------------------------------------------------------|--------|----------------------------------------------------|---------|--------|------------------------------------------------------------------------------|--------|
|                                                                        |   | 2009                                               |    |   | 2008                                                                         |   |   | 2009 |   |
| Cash      flows from operating activities:                                  |   |                                               |    |   |                                                                         |   |   |   |   |
| Net      income (loss)                                                      |   | $                                                  | (11,467 | )      |                                                                         | $      | (1,241,115 | ) |   | $ | (2,796,852 | ) |
| Adjustments      to reconcile net loss to cash used in operatingactivities: |   |                                               |    |   |                                                                         |   |   |   |   |   |   |   |
| Depreciation      and amortization                                          |   |                                               | 772     |   |                                                                         |   | 11,779 |   |   |   | 21,915 |   |
| Amortization      of deferred financing costs                               |   |                                               | -       |   |                                                                         |   | 12,915 |   |   |   | 15,000 |   |
| Non-cash      compensation expense relating to license agreement            |   |                                               | -       |   |                                                                         |   | - |   |   |   | 119,900 |   |
| Impairment      of license agreement                                        |   |                                               | -       |   |                                                                         |   | 32,725 |   |   |   | 80,100 |   |
| Amortization      of debt discount                                          |   |                                               | -       |   |                                                                         |   | 397,985 |   |   |   | 397,985 |   |
| Share-based      compensation                                               |   |                                               | -       |   |                                                                         |   | 319,070 |   |   |   | 913,481 |   |
| Non-cash      acquisition of subsidiary                                     |   |                                               |    |   |                                                                         |   | - |   |   |   | 220,000 |   |
| Changes      in assets and liabilities:                                     |   |                                               |    |   |                                                                         |   |   |   |   |   |   |   |
| Other      current assets                                                   |   |                                               |    |   |                                                                         |   | 17,416 |   |   |   | 15,750 |   |
| Accounts      payable                                                       |   |                                               | (947    | )      |                                                                         |   | 250,123 |   |   |   | 288,468 |   |
| Accounts      payable – related parties                               |   |                                               | -       |   |                                                                         |   | 7,753 |   |   |   | 102,173 |   |
| Accrued      liabilities                                                    |   |                                               | 7,180   |   |                                                                         |   | 25,400 |   |   |   | 71,850 |   |
| Net      cash used in operating activities                                  |   |                                               | (4,462  | )      |                                                                         |   | (165,949 | ) |   |   | (550,230 | ) |
| Cash      flows from investing activities:                                  |   |                                               |    |   |                                                                         |   |   |   |   |   |   |   |
| Investment      in option agreement                                         |   |                                               | -       |   |                                                                         |   | - |   |   |   | (20,000 | ) |
| Property      and equipment                                                 |   |                                               | -       |   |                                                                         |   | - |   |   |   | (5,145 | ) |
| Net      cash used in investing activities                                  |   |                                               | -       |   |                                                                         |   | - |   |   |   | (25,145 | ) |
| Cash      flows from financing activities:                                  |   |                                               |    |   |                                                                         |   |   |   |   |   |   |   |
| Proceeds      from notes payable – related parties                    |   |                                               | 4,176   |   |                                                                         |   | - |   |   |   | 227,176 |   |
| Repayment      of notes payable – related party                       |   |                                               | -       |   |                                                                         |   | - |   |   |   | (13,000 | ) |
| Proceeds      from sale of common stock                                     |   |                                               | -       |   |                                                                         |   | 90,000 |   |   |   | 91,165 |   |
| Proceeds      from exercise of stock options                                |   |                                               | -       |   |                                                                         |   | 74,775 |   |   |   | 270,048 |   |
| Net      cash provided by financing activities                              |   |                                               | 4,176   |   |                                                                         |   | 164,775 |   |   |   | 575,389 |   |
| Net      change in cash                                                |   |                                               | (286    | )      |                                                                         |   | (1,174 | ) |   |   | 14 |   |
| Cash      and cash equivalents, beginning of period                         |   |                                               | 300     |   |                                                                         |   | 1,174 |   |   |   | - |   |
| Cash      and cash equivalents, end of period                               |   | $                                                  | 14      |   |                                                                         | $      | - |   |   | $ | 14 |   |
|                                                                        |   |                                               |    |   |                                                                         |   |   |   |   |   |   |   |
| Supplemental      disclosures:                                              |   |                                               |    |   |                                                                         |   |   |   |   |   |   |   |
| Interest      paid                                                          |   | $                                                  | -       |   |                                                                         | $      | 1,799 |   |   |   | 5,633 |   |
| Income      taxes paid                                                      |   | $                                                  | -       |   |                                                                         | $      | - |   |   | $ | - |   |
|                                                                        |   |                                               |    |   |                                                                         |   |   |   |   |   |   |   |
| Non-cash      financing activities:                                         |   |                                               |    |   |                                                                         |   |   |   |   |   |   |   |
| Discount      on convertible notes                                          |   | $                                                  | -       |   |                                                                         | $      | 397,985 |   |   | $ | 397,985 |   |
| Stock      issued for accounts payable                                      |   |                                               | -       |   |                                                                         |   | - |   |   |   | - |   |
| Cancellation      of stock certificate                                      |   |                                               | -       |   |                                                                         |   | - |   |   |   | 300 |   |
| Short      term debt issued for related party accounts payable              |   |                                               | -       |   |                                                                         |   | - |   |   |   | - |   |
| Issuance      of note payable for license agreement                         |   |                                               | -       |   |                                                                         |   | - |   |   | $ | 200,000 |   |
| Stock      issued for prepaid investor relation services                    |   |                                               | -       |   |                                                                         |   | - |   |   | $ | 73,800 |   |
| Conversion      of Notes payable and Accrued Interest                       |   |                                               | -       |   |                                                                         |   | 414,568 |   |   |   | 414,568 |   |

----

| Note      1. | Basis      of Presentation |
|--------------|----------------------------|

| Note      2. | Going      Concern |
|--------------|--------------------|

| Note 3. | Related Party      Advances |
|---------|-----------------------------|

| Note      4. | Subsequent      Events |
|--------------|------------------------|

----

| ITEM      2. | MANAGEMENTS      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS |
|--------------|------------------------------------------------------------------------------------------------|

----

| ITEM      3. | QUANTITATIVE      AND QUALITATIVE DISCLOSURES ABOUT MARKETRISK |
|--------------|----------------------------------------------------------------|

| ITEM      4. | CONTROLS      AND PROCEDURES |
|--------------|------------------------------|

----

| Exhibit No. |   | Description                                                   |
|-------------|--------|---------------------------------------------------------------|
|        |   |                                                          |
| 31.1        |   | Certification      of J. Leonard Ivins.                       |
| 32.1        |   | Certification      for Sarbanes-Oxley Act of J. LeonardIvins. |

----