UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
DC 20549





FORM
10-Q





x
            Quarterly
      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934





For the
quarterly period ended October 31, 2009





 ̈
            Transition
      Report pursuant to 13 or 15(d) of the Securities Exchange Act of
      1934





For the
transition period from 
to





Commission
File Number   000-50693





SUPERLATTICE
POWER, INC.


(Exact
name of Registrant as specified in its charter)





Nevada
                            
                            90-0314205(State
      or other jurisdiction of
                            
                            (IRS
      Employer Identification No.)incorporation
      or organization)420
      N. Nellis Blvd., Suite A3-146Las
      Vegas, Nevada
                            
                            89110(Address
      of principal executive offices)
                            
                            (Postal
      or Zip
Code)





Issuer's
telephone number, including area code: (702) 425-7376








Former
name, former address and former fiscal year, if changed since last
report)





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),  and (2) has been subject to such filing requirements for
the past 90 days. x
Yes      ̈ No




Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such
files).    Yes  ̈    No  ̈





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a smaller reporting company.  (Check
One):





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





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).   ̈
Yes     x  No





APPLICABLE
ONLY TO CORPORATE ISSUERS




The
number of shares outstanding the issuer's common stock, $.001 par value, was
345,000,000 as of December 1, 2009.








SUPERLATTICE
POWER, INC.





TABLE OF
CONTENTS




Page No.PART
      I. FINANCIAL INFORMATIONITEM
      I - Unaudited Consolidated Financial StatementsConsolidated
      Balance Sheets as of October 31, 2009 and July 31, 2009
      (Unaudited)
                                      
                                      4Consolidated
      Statements of Operations for the Three Months Ended October 31, 2009 and
      2008 (Unaudited)
                                      
                                      5Consolidated
      Statement of Stockholders Deficiency (Unaudited)
                                      
                                      6Consolidated
      Statements of Cash Flows for the Three Months Ended October 31, 2009 and
      2008 (Unaudited)
                                      
                                      7Notes
      to Unaudited Consolidated Financial Statements
                                      
                                      8ITEM
      2 - Management's Discussion and Analysis of Financial Condition and
      Results of Operations.
                                      
                                      16ITEM
      3 – Quantitative and Qualitative Disclosures About Market
    Risk
                                      
                                      19ITEM
      4T– Controls and Procedures.
                                      
                                      19PART
      II. OTHER INFORMATIONITEM
      6 - Exhibits
                                      
                                      20EXHIBIT
      31 - Certification pursuant to Section 302 of the Sarbanes- Oxley Act of
      2002EXHIBIT
      32 - Certification pursuant to Section 906 of the Sarbanes- Oxley Act of
      2002


-2-


PART I.
FINANCIAL INFORMATION





Item 1.
Financial Statements





Certain
information and footnote disclosures required under  accounting
principles generally accepted in the United States of America
have  been condensed or omitted from the following consolidated
financial statements  pursuant to the rules and regulations of the
Securities and Exchange Commission.  It is suggested that the
following consolidated financial statements be read in  conjunction
with the year-end consolidated financial statements and notes  thereto
included in the Company's Annual Report on Form 10-K for the
year  ended July 31, 2009.





The
results of operations for the three months ended October 31, 2009 and 2008 are
not necessarily indicative of the results for the entire fiscal year or for any
other period.


-3-


SUPERLATTICE
POWER, INC. AND SUBSIDIARIES
 (A
DEVELOPMENT STAGE COMPANY)
 
 BALANCE
SHEETS
 (UNAUDITED)
 
 October
      31,
              
              
              July
      31,ASSETS
              
              2009
              
              
              2009Current
      assets:Cash
      and cash equivalents
              
              $
              93
              
              
              $
              191Prepaid
      expenses
              
              
              3,314
              
              
              
              3,314Total
      current assets
              
              
              3,407
              
              
              
              3,505Property
      and equipment, net
              
              
              138,251
              
              
              
              141,261$
              141,658
              
              
              $
              144,766LIABILITIES
      AND STOCKHOLDERS' DEFICIENCYCurrent
      liabilities:Accounts
      payable and accrued expenses
              
              $
              762,033
              
              
              $
              654,810Due
      to related parties
              
              
              4,947,354
              
              
              
              4,859,108Total
      current liabilities
              
              
              5,709,387
              
              
              
              5,513,918Commitments
      and contingencies
              
              
              -
              
              
              
              -Stockholders'
      deficiency:Preferred
      stock, $.001 par value, 10,000,000shares
      authorized, 0 issued and outstanding
              
              
              -
              
              
              
              -Common
      stock, $.001 par value, 750,000,000shares
      authorized, 345,000,000 issued and outstandingat
      October 31, 2009 and 115,000,000 atJuly
      31, 2009, respectively
              
              
              345,000
              
              
              
              115,000Additional
      paid-in-capital
              
              
              (211,082
              )
              
              
              18,918Accumulated
      deficit
              
              
              (5,701,647
              )
              
              
              (5,503,070
              )Total
      stockholders' deficiency
              
              
              (5,567,729
              )
              
              
              (5,369,152
              )$
              141,658
              
              
              $
              144,766
  SEE
NOTES TO UNAUDITED FINANCIAL STATEMENTS
 -4-
  SUPERLATTICE POWER, INC. AND
SUBSIDIARIES
 (A
DEVELOPMENT STAGE COMPANY)
 
 STATEMENTS
OF OPERATIONS
 (UNAUDITED)
 
 THREE
      MONTHS ENDED
                
                
                August
      1, 2008October
      31,
                
                
                through2009
                
                
                2008
                
                
                October
      31, 2009Sales
                
                $
                -
                
                
                $
                -
                
                
                $
                -Costs
      and expenses:General
      and administrative
                
                
                33,771
                
                
                
                154,757
                
                
                
                239,175Research
      and development
                
                
                50,474
                
                
                
                5,154
                
                
                
                290,01784,245
                
                
                
                159,911
                
                
                
                529,192Loss
      from operations
                
                
                (84,245
                )
                
                
                (159,911
                )
                
                
                (529,192
                )Other
      income (expense):Interest
      expense
                
                
                (114,332
                )
                
                
                (108,922
                )
                
                
                (567,832
                )Net
      loss before provision for (benefit from) income taxes
                
                
                (198,577
                )
                
                
                (268,833
                )
                
                
                (1,097,024
                )Provision
      for (benefit from) income taxes
                
                
                -
                
                
                
                -
                
                
                
                -Net
      loss
                
                $
                (198,577
                )
                
                $
                (268,833
                )
                
                $
                (1,097,024
                )Net
      loss per share - basic and diluted - continuing operations
                
                $
                (0.00
                )
                
                $
                (0.00
                )
                
                $
                (0.00
                )Weighted
      shares outstanding - basic and diluted - continuing
    operations
                
                
                345,000,000
                
                
                
                345,000,000
                
                
                
                345,000,000
  SEE
NOTES TO UNAUDITED FINANCIAL STATEMENTS
 -5-
  SUPERLATTICE POWER, INC. AND
SUBSIDIARIES
 (A
DEVELOPMENT STAGE COMPANY)
 
 STATEMENT
OF STOCKHOLDERS' DEFICIENCY
 (UNAUDITED)
 
 AdditionalCommon
      Stock
                  
                  
                  Paid
      In
                  
                  
                  AccumulatedShares
                  
                  
                  Par
      value
                  
                  
                  Capital
                  
                  
                  Deficit
                  
                  
                  TotalBalance
      July 31, 2008
                  
                  
                  115,000,000
                  
                  
                  $
                  115,000
                  
                  
                  $
                  (84,107
                  )
                  
                  $
                  (4,604,623
                  )
                  
                  $
                  (4,573,730
                  )Contribution
      of machinery & equipment
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  103,025
                  
                  
                  
                  -
                  
                  
                  
                  103,025Net
      loss for the year endedJuly
      31, 2009
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  (898,447
                  )
                  
                  
                  (898,447
                  )Balance
      July 31, 2009
                  
                  
                  115,000,000
                  
                  
                  
                  115,000
                  
                  
                  
                  18,918
                  
                  
                  
                  (5,503,070
                  )
                  
                  
                  (5,369,152
                  )3:1
      forward stock split
                  
                  
                  230,000,000
                  
                  
                  
                  230,000
                  
                  
                  
                  (230,000
                  )
                  
                  
                  -
                  
                  
                  
                  -Net
      loss for the period endedOctober
      31, 2009
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  (198,577
                  )
                  
                  
                  (198,577
                  )Balance
      October 31, 2009
                  
                  
                  345,000,000
                  
                  
                  $
                  345,000
                  
                  
                  $
                  (211,082
                  )
                  
                  $
                  (5,701,647
                  )
                  
                  $
                  (5,567,729
                  )
  SEE
NOTES TO UNAUDITED FINANCIAL STATEMENTS
 -6-
  SUPERLATTICE POWER, INC. AND
SUBSIDIARIES
 (A
DEVELOPMENT STAGE COMPANY)
 
 STATEMENT
OF CASH FLOWS
 (UNAUDITED)
 
 THREE
      MONTHS ENDED
                    
                    
                    August
      1, 2008October
      31,
                    
                    
                    through2009
                    
                    
                    2008
                    
                    
                    October
      31, 2009Cash
      Flows from Operating ActivitiesNet
      loss
                    
                    $
                    (198,577
                    )
                    
                    $
                    (268,833
                    )
                    
                    $
                    (1,097,024
                    )Items
      not affecting cash flowsDepreciation
                    
                    
                    3,010
                    
                    
                    
                    1,777
                    
                    
                    
                    15,392Changes
      in operating assets and liabilities
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    -Increase
      (decrease) in prepaid expenses
                    
                    
                    -
                    
                    
                    
                    -
                    
                    
                    
                    (3,314
                    )Increase
      in accounts payable and accrued expenses
                    
                    
                    107,223
                    
                    
                    
                    230,856
                    
                    
                    
                    597,773Net
      cash used in operating activities
                    
                    
                    (88,344
                    )
                    
                    
                    (36,200
                    )
                    
                    
                    (487,173
                    )Cash
      Flows from Investing ActivitiesPurchase
      of property and equipment
                    
                    
                    -
                    
                    
                    
                    (13,092
                    )
                    
                    
                    (17,015
                    )Cash
      Flows from Financing ActivitiesProceeds
      from majority shareholder
                    
                    
                    -
                    
                    
                    
                    -
                    
                    
                    
                    -Advances
      from related parties
                    
                    
                    168,746
                    
                    
                    
                    33,800
                    
                    
                    
                    612,486Payments
      to related parties
                    
                    
                    (80,500
                    )
                    
                    
                    -
                    
                    
                    
                    (123,900
                    )Net
      cash provided by financing activities
                    
                    
                    88,246
                    
                    
                    
                    33,800
                    
                    
                    
                    488,586Net
      decrease in cash and cash equivalents
                    
                    
                    (98
                    )
                    
                    
                    (15,492
                    )
                    
                    
                    (15,602
                    )Cash
      and cash equivalents at beginning of period
                    
                    
                    191
                    
                    
                    
                    15,695
                    
                    
                    
                    15,695Cash
      and cash equivalents at end of period
                    
                    $
                    93
                    
                    
                    $
                    203
                    
                    
                    $
                    93Supplemental
      information:Cash
      paid during the year for:Interest
      paid
                    
                    $
                    -
                    
                    
                    $
                    -
                    
                    
                    $
                    -Income
      taxes paid
                    
                    $
                    -
                    
                    
                    $
                    -
                    
                    
                    $
                    -Non-cash
      transactionsDonated
      Equipment
                    
                    $
                    -
                    
                    
                    $
                    103,025
                    
                    
                    $
                    103,025
  SEE
NOTES TO UNAUDITED FINANCIAL STATEMENTS
 -7-





SUPERLATTICE
POWER, INC.


NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


OCTOBER
31, 2009





Note
1. Financial statement presentation





Superlattice
Power, Inc. (the “Company” or “Superlattice Power”) (formerly Zingo, Inc.),
following the sale as of May 15, 2008, of its VOIP telecommunications business,
intends to concentrate its efforts on further development of the lithium
batteries technology licensed from EV Innovations, Inc. (“EVI”), the Company’s
former parent (Hybrid Technologies, Inc.).  Our auditors have
expressed substantial doubt concerning our ability to continue as a going
concern.





As of
August 1, 2008, the Company is considered a development stage enterprise as
defined in the Financial Accounting Standards Board ("FASB") Accounting
Standards Codification ("ASC") 915, "Development Stage Entities" ("ASC
915").  The Company has limited revenue to date, continues to raise
capital and there is no assurance that ultimately the Company will achieve a
profitable level of operations.





The
financial statements have been prepared in accordance with Securities Exchange
Commission requirements for interim financial statements.  Therefore,
they do not include all information and footnotes required by accounting
principles generally accepted in the United States for complete financial
statements.  These financial statements should be read in conjunction
with the financial statements and notes thereto contained in the Company's
Annual Report on form 10-K for the year ended July 31, 2009 as filed with the
Securities Exchange Commission.





The
results of operations for the interim periods shown in this report are not
necessarily indicative of results to be expected for the full
year.  In the opinion of management, the information contained herein
reflects all adjustments necessary to make the results of operations for the
interim period a fair statement of such operations.  All such
adjustments are of a normal recurring nature.





History
and Nature of Business


Superlattice
Power was originally incorporated under the name Titan Web Solutions, Inc. on
July 15, 2002 under the laws of the State of Nevada. The Company changed
its name to JavaKingCoffee, Inc. in August 2003.





Effective
August 8, 2005, the Company entered into an Agreement and Plan of
Reorganization, pursuant to which the Company agreed to acquire all of the
outstanding shares of WhistlerTel, Inc., a Nevada corporation, which was a
wholly owned subsidiary of EVI, formally Hybrid Technologies,
Inc.  The transaction was completed on August 19, 2005 by the issuance
of 80,000,000 shares of the Company's stock in exchange for all of the
outstanding shares of WhistlerTel's common stock.





WhistlerTel,
Inc. was organized in November, 2004.  The Company offers
telecommunication services to businesses which provide voice communication via
the Internet.  The system requires high speed broadband internet
access.





On April
15, 2008, EV Innovations, Inc. sold its controlling interest of the Company’s
outstanding common stock to Blue Diamond Investments, Inc. With the sale of our
VoIP telecommunications business, named Zingo Telecom, Inc., on May 15, 2008 we
intend to concentrate efforts on further development of the lithium batteries
technology licensed from EVI, the Company’s former parent.





Effective
April 15, 2008, the Company entered into a license agreement with EVI providing
for EVI’s license to the Company of their patent applications and technologies
for rechargeable lithium ion batteries for hybrid vehicles and other
applications (“licensed products”).  Under the license agreement, EVI
has the right to purchase their requirements of lithium ion batteries from the
Company, and their requirements of lithium ion batteries shall be supplied by
the Company in preference to, and on a priority basis as compared with, supply
and delivery arrangements in effect for other customers of the Company. EVI’s
cost for lithium ion batteries shall be the Company’s actual manufacturing costs
for such batteries for the fiscal quarter of the Company in which EVI’s purchase
takes place.


-8-


Superlattice
Power, Inc.


NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


October
31, 2009




In
connection with the license agreement, the Company has agreed to invest a
minimum of $1,500,000 in each of the first two years of the term of the license
agreement in development of the technology for the licensed products. In the
initial year under the license agreement, the Company invested approximately
$314,517 in the development of technology, and therefore is not in compliance
with its obligations under this covenant of the license agreement.  EV
Innovations has advised the Company in a letter dated October 1, 2009, that it
will not give notice of default against the Company for our failure to comply
with this covenant in the first year of the term of the license
agreement.




Effective
April 16, 2008, the Company agreed to lease approximately 5,000 square feet of
space in EVI’s North Carolina facility.  The leased space will be
suitable, and utilized by the Company, for developmental and manufacturing
operations for licensed products pursuant to the license
agreement.  The leased space is leased on a month-to-month basis at a
monthly rental of $2,500, the monthly rental to be escalated five (5%) percent
annually. Also effective April 16, 2008, the Company purchased certain equipment
and supplies related to the license agreement from EVI for the purchase price of
$29,005.





The
Company merged into its wholly-owned subsidiary, Superlattice Power, Inc., on
April 25, 2008.  The subsidiary was created solely for this merger,
the purpose of which was to change the name of the Company from Zingo, Inc. to
Superlattice Power, Inc. The state of Nevada does not require stockholder
approval of a merger of a wholly-owned subsidiary into the parent, and in
connection with such a merger the name of the parent is permitted to be
changed.  As a result of the merger, the assets and liabilities of the
surviving corporation were unchanged. The subsidiary Superlattice Power, Inc.
had no assets or liabilities prior to the merger.





On June
4, 2008, Holly Roseberry resigned as President of Superlattice Power, Inc.,
where she remains as a director. Ayaz Kassam is the new President and Chief
Executive Officer and has been appointed as a director to fill a vacancy on the
Board.





Basis
of presentation


The
Company’s financial statements for the three months ended October 31, 2009 have
been prepared on a going concern basis which contemplates the realization of
assets and settlement of liabilities and commitments in the normal course of
business. The Company had $0 revenue in 2009 and as of October 31, 2009, there
was a working capital deficit of approximately $5.7 million. Management
recognized that the Company’s continued existence is dependent upon its ability
to obtain needed working capital through additional equity and/or debt financing
and revenue to cover expenses as the Company continues to incur
losses.





The
Company’s business is subject to most of the risks inherent in the establishment
of a new business enterprise. The likelihood of success of the Company must be
considered in light of the expenses, difficulties, delays and unanticipated
challenges encountered in connection with the formation of a new business,
raising operating and development capital, and the marketing of a new
product.  There is no assurance the Company will ultimately achieve a
profitable level of operations.





The
Company presently does not have sufficient liquid assets to finance its
anticipated funding needs and obligations.  The Company’s continued
existence is dependent upon its ability to obtain needed working capital through
additional equity and/or debt financing and achieve a level of sales adequate to
support its cost structure. Management is actively seeking additional capital to
ensure the continuation of its current activities and complete its proposed
activities. However, there is no assurance that additional capital will be
obtained. These uncertainties raise substantial doubt about the ability of the
Company to continue as a going concern. The accompanying financial statements do
not include any adjustments that might result from the outcome of these
uncertainties should the Company be unable to continue as a going
concern.


-9-


Superlattice
Power, Inc.


NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


October
31, 2009





On
September 17, 2009 the Company’s Board of Directors declared a three-for-one
forward stock split that was effected in the form of a stock dividend. All share
and per share amounts have been restated to reflect the three-for-one forward
stock split. See Note 4, “Common stock,” for further discussion.





SIGNIFICANT
ACCOUNTING POLICIES





Estimates


The
preparation of financial statements prepared in accordance with the accounting
standards generally accepted in the United States of America 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.  Actual results could differ from those
estimates.





Cash
and cash equivalents


Cash and
cash equivalents consist of highly liquid investments, which are readily
convertible into cash with original maturities of three months or
less.





Fair
value of financial instruments





The
Company adopted FASB ASC 820, Fair Value Measurements and Disclosures (“ASC
820”) on January 1, 2008, for all financial assets and liabilities that are
recognized or disclosed at fair value in the condensed consolidated financial
statements on a recurring basis or on a nonrecurring basis during the reporting
period. While the Company adopted the provisions of ASC 820 for nonfinancial
assets and liabilities that are recognized or disclosed at fair value in the
financial statements on a recurring basis, no such assets or liabilities existed
at the balance sheet date. As permitted by ASC 820, the Company delayed
implementation of this standard for all nonfinancial assets and liabilities
recognized or disclosed at fair value in the financial statements on a
nonrecurring basis and adopted these provisions effective August 1,
2009.





The fair
value is an exit price, representing the price that would be received to sell an
asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date.  The Company utilizes market
data or assumptions that market participants would use in pricing the asset or
liability.  ASC 820 establishes a three-tier fair value hierarchy,
which prioritizes the inputs used in measuring fair value.  These
tiers include:  Level 1, defined as observable inputs such as quoted
market prices in active markets; Level 2, defined as inputs other than quoted
prices in active markets that are either directly or indirectly observable; and
Level 3, defined as unobservable inputs about which little or no market data
exists, therefore requiring an entity to develop its own
assumptions.





As of
October 31, 2009, the Company held certain financial assets that are measured at
fair value on a recurring basis.  These consisted of cash and cash
equivalents. The Company does not have any financial assets measured at fair
value on a recurring basis as Level 2 or Level 3 and there were no transfers in
or out of Level 2 or Level 3 during the three months ended October 31,
2009.





The
following table sets forth by level, within the fair value hierarchy, the
Company’s financial assets accounted for at fair value on a recurring basis as
of October 31, 2009.




-10-




Superlattice
Power, Inc.


NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 October
31, 2009




Assets at fair value as of October 31, 2009
      usingQuoted
      prices inactive markets for
                          
                          
                          Significan
      other
                          
                          
                          Significantidentical
      assets
                          
                          
                          observable inputs
                          
                          
                          unobservableTotal
                          
                          
                          (Level 1)
                          
                          
                          (Level 2)
                          
                          
                          inputs (Level 3)Cash
      and cash equivalents
                          
                          $
                          93
                          
                          
                          $
                          93
                          
                          
                          $
                          -
                          
                          
                          $
                          -


The
Company had no financial assets accounted for on a non-recurring basis as of
October 31, 2009.





There
were no changes to the Company’s valuation techniques used to measure asset fair
values on a recurring or nonrecurring basis during the three months ended
October 31, 2009 and the Company did not have any financial liabilities as of
October 31, 2009.





The
Company has other financial instruments, such as receivables, accounts payable
and other liabilities which have been excluded from the tables
above.  Due to the short-term nature of these instruments, the
carrying value of receivables, accounts payable and other liabilities
approximate their fair values.





Property
and equipment


Property
and equipment are recorded at cost.  Depreciation of property and
equipment are accounted for by accelerated methods over the following estimated
useful lives:




LivesFurniture
      and fixtures
            
            3-7
      yearsSoftware
            
            3-5
      yearsComputers
            
            5
      years




Long-lived
assets


The
Company  accounts for  long-lived  assets
in  accordance  with  FASB ASC 360-10-35,
"Impairment or Disposal of Long-Lived Assets" ("ASC 360-10-35"). The carrying
value of long-lived assets is reviewed on a regular basis for the existence of
facts and circumstances that may suggest impairment.  The Company
recognizes impairment when the sum of undiscounted future cash flows is less
than the carrying amount of the asset.  The write down of the asset is
charged to the period in which the impairment occurs.





Income
taxes


Income
taxes are accounted for under the asset and liability
method.  Deferred tax assets and liabilities are recognized for
amounts of existing assets and liabilities and their respective tax bases and
operating loss and tax credit carry forwards.  Deferred tax assets and
credits are measured using enacted tax rates expected to be recovered or
settled. The effect on deferred tax assets and liabilities of a change in tax
rates is recognized in the consolidated financial statements in the period that
includes the enactment date.





Net
loss per common share


Basic
loss per common share is computed based on the weighted average number of shares
outstanding during the year. Diluted earnings per common share is computed by
dividing net earnings (loss) by the weighted average number of common shares and
potential common shares during the specified periods. The Company has no
outstanding options, warrants or other convertible instruments that could affect
the calculated number of shares.


-11-


Superlattice
Power, Inc.


NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 October
31, 2009




Revenues


Revenues
are recognized at the time that service is completed or the related products
have been installed.





Advertising


Advertising
costs are expensed and are included in selling, general and administrative
expenses.  Total advertising expenditures for the three months ended
October 31, 2009 and 2008 were approximately $0 and $50,000
respectively.





Shipping
and handling


Shipping
and handling costs associated with shipping equipment to customers are generally
expensed and included in costs of sales for the telecommunications
business.





Research
and development


No set
amount has been set aside for research and development (“R&D”) but all
projects and purchases must be approved before being started or
purchased.  As of October 31, 2009, there have been expenses allocated
to research and development. For the three months ending October 31, 2009,
salaries, payroll taxes, and benefits amounted to approximately $50,000 in
R&D, parts and supplies was approximately $0, and other R&D were
approximately $0.





Recently
issued pronouncements


During
the first quarter of 2009, the Company implemented additional interim
disclosures about fair value of financial instruments, as required by FASB ASC
Paragraph 825-10-65-1.  Prior to implementation, disclosures about
fair values of financial instruments were only required to be disclosed
annually.  As the required modifications only related to additional
disclosures of fair values of financial instruments in interim financial
statements, the adoption did not affect the Company’s financial position or
results of operations.





Beginning
in the first quarter of 2009, the Company must disclose the date through which
subsequent events have been evaluated, in accordance with the requirements in
FASB ASC Paragraph 855-10-50-1.  With regards to the condensed
consolidated financial statements and notes to those financial statements
contained in this Form 10-Q, the Company has evaluated all subsequent events
through December, 2009 (the date the Company’s financial statement are
issued).




In
September 2009, the FASB implemented certain modifications to FASB ASC Topic
860, Transfers and Servicing, as a means to improve the relevance,
representational faithfulness, and comparability of the information that a
reporting entity provides in its financial statements about a transfer of
financial assets, the effects of a transfer on its financial position, financial
performance, and cash flows, and a transferor’s continuing involvement, if any,
in transferred financial assets. These modifications must be applied as of the
beginning of each reporting entity’s first annual reporting period that begins
after November 15, 2009. The Company does not expect the adoption of this
standard to have an impact on the Company’s results of operations, financial
condition or cash flows.




During
the first quarter of 2009, the Company adopted the FASB Accounting Standards
Codification and the Hierarchy of Generally Accepted Accounting Principles in
accordance with FASB ASC Topic 105, “Generally Accepted Accounting Principles”
(the “Codification”).  The Codification has become the source of
authoritative U.S. generally accepted accounting principles (GAAP) recognized by
the FASB to be applied by nongovernmental entities. Rules and interpretive
releases of the Securities and Exchange Commission (SEC) under authority of
federal securities laws are also sources of authoritative GAAP for SEC
registrants. Effective with the Company’s adoption on July 1, 2009, the
Codification has superseded all prior non-SEC accounting and reporting
standards. All other non-grandfathered non-SEC accounting literature not
included in the Codification has become non-authoritative. As the adoption of
the Codification only affected how specific references to GAAP literature have
been disclosed in the notes to the Company’s condensed consolidated financial
statements, it did not result in any impact on the Company’s results of
operations, financial condition or cash flows.




-12-


Superlattice
Power, Inc.
 NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 October
31, 2009




Updates to the FASB
Codification Applicable to the Company





The FASB
has published FASB Accounting Standards Update No. 2009-12, Fair Value Measurements and
Disclosures (Topic 820)—Investments in Certain Entities That Calculate Net Asset
Value per Share (or Its Equivalent). This Update amends Subtopic 820-10,
Fair Value Measurements and
Disclosures—Overall, to permit a reporting entity to measure the fair
value of certain investments on the basis of the net asset value per share of
the investment (or its equivalent). This Update also requires new disclosures,
by major category of investments, about the attributes of investments included
within the scope of this amendment to the Codification. The guidance in this
Update is effective for interim and annual periods ending after December 15,
2009. The Company does not expect the adoption of this standard to have an
impact on the Company’s results of operations, financial condition or cash
flows.




Note
2. Property and equipment





Property
and equipment consist of:





October
      31,
                    
                    
                    July
      31,2009
                    
                    
                    2009Equipment
                    
                    $
                    44,255
                    
                    
                    $
                    44,255Idle
      equipment
                    
                    
                    87,200
                    
                    
                    
                    87,200Leasehold
      improvements
                    
                    
                    26,360
                    
                    
                    
                    26,360157,815
                    
                    
                    
                    157,815Less
      accumulated depreciation
                    
                    
                    (19,564
                    )
                    
                    
                    (16,554
                    )$
                    138,251
                    
                    
                    $
                    141,261




Depreciation
expense for the three months ended October 31, 2009 and 2008 was $3,010 and
$1,777, respectively.





In
January 2009, a private company provided Superlattice with equipment in exchange
for Superlattice’s battery prototypes for testing and possibly for purchase of
batteries from the Company. The equipment was received in the manufacturing
facility, and was recorded at appraised value of $103,025.





Note
3.  Related party transactions





The
Company's principal financing source has been from its former parent, EV
Innovations, Inc. On April 15, 2008, Blue Diamond assumed EVI’s debt due from
Superlattice.  At October 31, 2009 and July 31, 2009 the Company owed
Blue Diamond $4,321,358 and $4,321,358, respectfully. During the three months
ended October 31, 2009 and year ended July 31, 2009 the Company received no
funds and made no repayments, respectively. As of October 31, 2009 and July 31,
2009, the amount due to Blue Diamond was $4,321,358 and $4,321,358,
respectively.




The
Company received and repaid additional advances from Ayaz Kassam (chief
executive and principal financial officer) for the three months ended October
31, 2009 and year ended July 31, 2009 in the amount of $36,000 and
$60,000 for October 2009 and $443,740 and $43,400, respectively for the year
ended July 31, 2009. As of October 31, 2009 and July 31, 2009, the amount due to
Ayaz Kassam was $513,750 and $537,750, respectively.
 
 The
Company received and repaid additional advances from SSRI (company that
formulates the decisions process) for the three months ended October 31, 2009
and year ended July 31, 2009 in amounts of $19,400 and $9,700, respectively for
October 2009, and $0 and $0, respectively for July 2009. As of October 31,
2009 and July 31, 2009, the amount due to SSRI was $9,700 and $0,
respectively.




-13-




Superlattice
Power, Inc.
 NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 October
31, 2009




The
Company received and repaid additional advances from EV Innovations, Inc. (prior
parent company) for the three months ended October 31, 2009 and year ended July
31, 2009 in amounts of $113,346 and $10,800, respectively for October 2009 and
$0 and $0, respectively for July 2009. As of October 31, 2009 and July 31, 2009,
the amount due to EV Innovations, Inc. was $102,546 and $0,
respectively.





Without
such funding, the Company could not continue in business because it does not
have any revenue. Subsequent to the balance sheet date, the Company had received
advances from related parties in the amount of $22,629. In addition, the Company
repaid $10,625.





The
advances from the parent company will accrue interest at a rate of 10% annually
until the obligation has been paid in full. No term has been set for repayment
and no payment is expected until the Company has begun to produce battery cells
and has become a profitable venture. The balance of the related party
transactions is due within two weeks of the parties request but does not bear
interest. Interest for the three months ended October 31, 2009 and 2008 is
$114,332 and $108,922, respectively. The related party transaction amounts
are reported as a current liability in the balance sheet based on the terms of
the agreement.





Note
4.  Capital stock





As
discussed in Note 1, the Company entered into an agreement on August 19, 2005,
whereby the Company issued 240,000,000 shares of its common stock to the
shareholder of Whistler Tel, Inc. in exchange for all of the shares of
WhistlerTel. On April 15, 2008 the 240,000,000 shares were sold to Blue Diamond
Investments. On May 15, 2008, the subsidiary, Zingo Telecom, was sold to a
private investor.




On
September 17, 2009, the Company’s Board of Directors declared a three-for-one
forward stock split of the Company’s common stock that was effected in the form
of a stock dividend. A three-for-one forward split in our common stock was
effective October 19, 2009. The Certificate of Change filed with the Nevada
Secretary of State on September 18, 2009, providing for the forward split
changed the number of shares of our outstanding common stock from 115,000,000 to
345,000,000, and the number of shares of our authorized common stock in the same
ratio, from 250,000,000 to 750,000,000. All share and per share amounts have
been restated to reflect the three-for-one forward stock split except for
stockholders’ deficiency.




See Note
5 “Net loss per common share,” for the impact on the Company’s earnings per
share amounts as a result of the stock split. This stock split resulted in the
issuance of 230 million additional shares of common stock and was accounted for
by the transfer of $230,000 from additional paid-in capital to common stock,
which is the amount equal to the par value of the additional shares issued to
affect the stock split.





Note
5.  Net loss per common share





Loss per
share is computed based on the weighted average number of shares outstanding
during the year. Diluted loss per common share is computed by dividing net loss
by the weighted average number of common shares and potential common shares
during the specified periods. The Company has no outstanding options, warrants
or other convertible instruments that could affect the calculated number of
shares.




-14-




Superlattice
Power, Inc.
 NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 October
31, 2009


The
following table sets forth the reconciliation of the basic and diluted net loss
per common share computations for the three months ended October 31, 2009 and
2008.




THREE
      MONTHS ENDEDOctober
      31,2009
                      
                      
                      2008Continuing
      operations:Basic
      and diluted EPS:Net
      loss ascribed to common shareholders - basic and diluted
                      
                      $
                      (198,577
                      )
                      
                      $
                      (268,833
                      )Weighted
      shares outstanding - basic and diluted
                      
                      
                      345,000,000
                      
                      
                      
                      345,000,000Basic
      and diluted net loss per common share
                      
                      $
                      (0.00
                      )
                      
                      $
                      (0.00
                      )




Net loss
per common share for the three months ended October 31, 2008 has been
revised.  This revision was immaterial to the Company’s consolidated
results of operations and financial position. See below for further discussion.
All share and per share amounts have been restated to reflect the three-for-one
forward stock split as discussed in Note 4.





The
amounts previously reported for three months ended October 31, 2008, were as
follows:


THREE
      MONTHS ENDEDOctober
      31,2008Continuing
      operations:Basic
      and diluted loss per common share
                    
                    $
                    (0.00
                    )




Note
6. Going concern





The
Company's financial statements are prepared based on the going concern
principle.  That principle anticipates the realization of assets and
payments of liabilities through the ordinary course of business.  No
adjustments have been made to reduce the value of any assets or record
additional liabilities, if any, if the Company were to cease to
exist.  The Company has incurred significant operating losses since
inception.  These operating losses have been funded by the issuance of
capital and advances from related parties (the Company's former parent, EV
Innovations, Inc.).  There are no guarantees that the Company will
continue to be able to raise the funds necessary.  Additionally, the
lack of capital may limit the Company's ability to establish and maintain
existing business and establish future viable business.


-15-





Item 2.
Management's Discussion and Analysis of Financial Condition and Results of
Operations





FORWARD
LOOKING STATEMENTS





This
quarterly report contains forward-looking statements that involve risks and
uncertainties.  We use words such as anticipate,  believe,
plan, expect, future, intend and similar expressions to identify such
forward-looking  statements. You should not place too
much  reliance on
these  forward-looking  statements. Our actual results are
likely to differ  materially from those  anticipated in
these forward-looking  statements  for
many  reasons, including the risks faced by us described in this
section.




INTRODUCTION




We were
incorporated on July 15, 2002 under the laws of the State of Nevada. We changed
our business in 2008, entering into a license agreement with EV Innovations on
April 15, 2008, for the license of the development of their lithium battery
technology, and we sold our Zingo Telecom, Inc. and M/S Zingo Bpo Services Pvt.
Ltd. subsidiaries that offered telecommunications services to business and
residential customers utilizing VoIP technology on May 15, 2008.  To
reflect our new business, we changed our name from Zingo, Inc. to Superlattice
Power, Inc. on April 25, 2008.




A 3-for-1
forward split in our common stock was effective October 19, 2009. The
Certificate of Change filed with the Nevada Secretary of State on September 18,
2009, providing for the forward split changed the number of shares of our
outstanding common stock from 115,000,000 to 345,000,000, and the number of
shares of our authorized common stock in the same ratio, from 250,000,000 to
750,000,000.




THREE
MONTHS ENDED OCTOBER 31, 2009 AS COMPARED WITH THREE MONTHS ENDED OCTOBER 31,
2008





We  incurred  a
net loss of $198,577 for the three months ended October 31, 2009, which included
general and administrative costs of $33,771 and research and development expense
of $50,474.





We had no
sales for the three month period ended October 31, 2009. Our net loss for the
three-month  period  ended  October 31, 2009,
decreased from the three-month period ended October 31, 2008 (from $268,833 for
the prior period to $198,577 in 2009). This was primarily due to lower general
and administrative costs of $33,771 in the three months ended October 31, 2009,
as compared with $154,757 in the prior period, due to inclusion in the prior
period of approximately $70,000 of research and development expense in general
and administrative expense, as well as advertising expense of approximately
$50,000 in 2008 as compared with $-0- in 2009.  We incurred interest
expense of $114,332 in 2009, as compared to $108,922 in the prior
period.  We incurred research and development costs of $50,474, as
compared to $5,154 in the prior period, due to research and development costs of
approximately $70,000 in 2008 having been included in general and administrative
expense.





PLAN OF
OPERATION





Commercial
Initiatives





We are
developing rechargeable lithium ion batteries for power production for a variety
of uses.  We plan to
pioneer a superlattice cathode material for the use in lithium ion rechargeable
batteries.


-16-





License
Agreement with EV Innovations





Effective
April 15, 2008, we entered into a License Agreement (the “License Agreement”)
with EV Innovations, our former controlling stockholder, providing for EV
Innovations’ license to us of EV Innovations’ patent applications and
technologies for rechargeable lithium-ion batteries for hybrid vehicles and
other applications (“Licensed Products”).





Under the
License Agreement, EV Innovations has the right to purchase its requirements of
lithium ion batteries from us, and its requirements of lithium ion batteries
shall be supplied in preference to, and on a priority basis as compared with,
supply and delivery arrangements in effect for our other customers. EV
Innovations’ cost for lithium ion batteries purchased from us will be our actual
manufacturing costs for such batteries for our fiscal quarter in which EV
Innovations’ purchase takes place.





Under
Section 2.2 of the License Agreement, we have agreed to invest a minimum of
$1,500,000 in each of the first two years of the term of the License Agreement
in development of the technology for the Licensed Products. In the initial year
under the License Agreement, we invested approximately $264,043 in the
development of our technology, and therefore are not in compliance with our
obligations under this covenant of the License Agreement.  EV
Innovations has advised us in a letter dated October 1, 2009, that it will not
give notice of default against us for our failure to comply with this covenant
in the first year of the term of the License Agreement.





Effective
April 16, 2008, we agreed to lease approximately 5,000 square feet of space
(“Leased Space”) in EV Innovations’ North Carolina facility, such Leased Space
to be suitable for, and utilized by us for, our developmental and manufacturing
operations for Licensed Products pursuant to the License
Agreement.  The Leased Space is leased by EV Innovations to us on a
month-to-month basis at a monthly rental of $2,500, the monthly rental to be
escalated five (5%) percent annually. Effective April 16, 2008, EV Innovations
also sold us for the purchase price of $29,005, specified equipment and supplies
related to the licensed intellectual property.




Sale
of our Telecom Subsidiaries




At a
closing held on May 15, 2008, we sold for $215,000 the 75,000 outstanding shares
of common stock, constituting 100% of the outstanding stock, of our subsidiary
Zingo Telecom, Inc.  In addition, at the closing, we assigned and
transferred all receivables or debt obligations of Zingo Telecom owing to or
held by us at the closing date, and all outstanding shares of M/S Zingo Bpo
Services Pvt. Ltd., our subsidiary incorporated in India.




5.2     Liquidity
and Capital Resources





As
of October 31, 2009, we had cash on hand of $93.  Our liabilities at
October 31, 2009 totaled $5,709,387, as compared with $5,513,918 at July 31,
2009; and our property plant and equipment net decreased to $138,251 at October
31, 2009, as compared with $141,261 at July 31, 2009.





At
October 31, 2009, we had a working  capital  deficiency of
$5,705,980 and a stockholders deficit of $5,567,729.





We used
net cash in operating activities of $88,344 in the three months ended July 31,
2009, as compared with $36,200 in the comparable period in 2008, and cash flow
used in investing activities for the purchase of property, plant and equipment
was $13,092 in 2008, as compared with $-0- in 2009.  Cash flow
provided by investing activities in 2008, included $13,092 for the purchase of
property, plant and equipment.


-17-





In the
three months ended October 31, 2009, we had received approximately $88,246 in
net advances from related parties, giving effect to payments to related parties
of $80,500, as compared with advances from related parties of $33,800 in
2008.





Since our
incorporation, we have financed our operations almost exclusively through
advances from our controlling shareholders. We expect to finance operations
through the sale of equity or other investments in us for the foreseeable
future, as we do not receive significant revenue from our new business
operations. There is no guarantee that we will be successful in arranging
financing on acceptable terms.





Our
ability to raise additional capital is affected by trends and uncertainties
beyond our control. We do not currently have any arrangements for financing and
we may not be able to find such financing if required. Obtaining additional
financing would be subject to a number of factors, including investor sentiment.
Market factors may make the timing, amount, terms or conditions of additional
financing unavailable to us.





Our
auditors are of the opinion that our continuation as a going concern is in
doubt. Our continuation as a going concern is dependent upon continued financial
support from our shareholders and other related parties.





CRITICAL
ACCOUNTING POLICIES





Recently
issued pronouncements





During
the first quarter of 2009, the Company implemented additional interim
disclosures about fair value of financial instruments, as required by FASB ASC
Paragraph 825-10-65-1.  Prior to implementation, disclosures about
fair values of financial instruments were only required to be disclosed
annually.  As the required modifications only related to additional
disclosures of fair values of financial instruments in interim financial
statements, the adoption did not affect the Company’s financial position or
results of operations.





Beginning
in the first quarter of 2009, the Company must disclose the date through which
subsequent events have been evaluated, in accordance with the requirements in
FASB ASC Paragraph 855-10-50-1.  With regards to the condensed
consolidated financial statements and notes to those financial statements
contained in this Form 10-Q, the Company has evaluated all subsequent events
through December, 2009 (the date the Company’s financial statement are
issued).




In
September 2009, the FASB implemented certain modifications to FASB ASC Topic
860, Transfers and Servicing, as a means to improve the relevance,
representational faithfulness, and comparability of the information that a
reporting entity provides in its financial statements about a transfer of
financial assets, the effects of a transfer on its financial position, financial
performance, and cash flows, and a transferor’s continuing involvement, if any,
in transferred financial assets. These modifications must be applied as of the
beginning of each reporting entity’s first annual reporting period that begins
after November 15, 2009. The Company does not expect the adoption of this
standard to have an impact on the Company’s results of operations, financial
condition or cash flows.




-18-


During
the first quarter of 2009, the Company adopted the FASB Accounting Standards
Codification and the Hierarchy of Generally Accepted Accounting Principles in
accordance with FASB ASC Topic 105, “Generally Accepted Accounting Principles”
(the “Codification”).  The Codification has become the source of
authoritative U.S. generally accepted accounting principles (GAAP) recognized by
the FASB to be applied by nongovernmental entities. Rules and interpretive
releases of the Securities and Exchange Commission (SEC) under authority of
federal securities laws are also sources of authoritative GAAP for SEC
registrants. Effective with the Company’s adoption on July 1, 2009, the
Codification has superseded all prior non-SEC accounting and reporting
standards. All other non-grandfathered non-SEC accounting literature not
included in the Codification has become non-authoritative. As the adoption of
the Codification only affected how specific references to GAAP literature have
been disclosed in the notes to the Company’s condensed consolidated financial
statements, it did not result in any impact on the Company’s results of
operations, financial condition or cash flows.





Updates to the FASB
Codification Applicable to the Company





The FASB
has published FASB Accounting Standards Update No. 2009-12, Fair Value Measurements and
Disclosures (Topic 820)—Investments in Certain Entities That Calculate Net Asset
Value per Share (or Its Equivalent). This Update amends Subtopic 820-10,
Fair Value Measurements and
Disclosures—Overall, to permit a reporting entity to measure the fair
value of certain investments on the basis of the net asset value per share of
the investment (or its equivalent). This Update also requires new disclosures,
by major category of investments, about the attributes of investments included
within the scope of this amendment to the Codification. The guidance in this
Update is effective for interim and annual periods ending after December 15,
2009. The Company does not expect the adoption of this standard to have an
impact on the Company’s results of operations, financial condition or cash
flows.




Item 3.
Quantitative and Qualitative Disclosures About Market Risk




Interest
Rate Risk - Interest rate risk refers to fluctuations in the value of a security
resulting from changes in the general level of interest rates. Investments that
are classified as cash and cash equivalents have original maturities of three
months or less. Our interest income is sensitive to changes in the general level
of U.S. interest rates.  We do not have significant short-term
investments, and due to the short-term nature of our investments, we believe
that there is not a material risk exposure.





Item 4T.
Controls and Procedures.





As of the
end of the fiscal quarter covered by this Form 10-Q, the Company carried out an
evaluation, under the supervision and with the participation of the Company’s
management, including the Company’s Chief Executive Officer and Principal
Financial and Accounting Officer, of the effectiveness of the design and
operation of the Company’s disclosure controls and procedures as defined in Rule
13a-14 of the Securities Exchange Act of 1934. Based upon that evaluation, the
Chief Executive Officer and Principal Financial and Accounting Officer concluded
that the Company’s disclosure controls and procedures are effective in timely
alerting him to material information relating to the Company (including its
consolidated subsidiaries) required to be included in this Quarterly Report on
Form 10-Q. There have been no changes in the Company’s internal controls or in
other factors which could significantly affect internal controls subsequent to
the date the Company carried out its evaluation.




-19-




PART II-
OTHER INFORMATION




ITEM 6.
Exhibits.




Ex
      31
            Certification
      of Chief Executive Officer and Principal Financial Officer Pursuant to
      Section 302 of the Sarbanes-Oxley Act of 2002, filed
    herewith.




Ex
      32
            Certification
      of Chief Executive Officer and Principal Financial Officer Pursuant to 18
      U.S.C. Section 1350,
      as  Adopted   Pursuant   to  Section   906  of
      the Sarbanes-Oxley Act of 2002,filed
herewith.




SIGNATURES





In
accordance with the  requirements of the Exchange Act, the
registrant  caused this  report to be  signed on
its  behalf  by
the  undersigned,  thereunto duly authorized.





Superlattice
      Power, Inc./s/ Ayaz KassamAyaz
      KassamPresident
      and Chief ExecutiveOfficerDated:  December
      8, 2009


-20-