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, 2008
 
  o              Transition
Report pursuant to 13 or 15(d) of the Securities Exchange Act
of1934
 
 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 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)
 State the
number of shares outstanding of each of the issuer's classes of common stock, as
of the latest  practicable date: 115,000,000 shares of $0.001 par
value common stock outstanding as of December 1, 2008.
  Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act. Yes o No x
  
  SUPERLATTICE
POWER, INC.
  TABLE OF
CONTENTS
  Page
      No.PART
      I. FINANCIAL INFORMATION
                                                  3ITEM
      I - Unaudited Consolidated FinancialStatementsConsolidated
      Balance Sheets as of October 31,2008  and
      July 31, 2008 (Unaudited)
                                                  4Consolidated
      Statements of Operationsfor
      the Three Months Ended October 31,2008
      and 2007 (Unaudited)
                                                  5Consolidated
      Statement of StockholdersDeficiency
      (Unaudited)
                                                  6Consolidated
      Statements of Cash Flowsfor
      the Three Months Ended October 31,2008
      and 2007(Unaudited)
                                                  7Notes
      to Unaudited Consolidated Financial Statements
                                                  8ITEM
      2 - Management's Discussion and Analysis ofFinancial
      Condition and Results ofOperations.
                                                  15ITEM
      3 – Quantitative and Qualitative Disclosures About Market
    Risk
                                                  18ITEM
      4T– Controls and Procedures.
                                                  18PART
      II. OTHER INFORMATIONITEM
      1 – Legal Proceedings
                                                  19ITEM
      6 – Exhibits
                                                  19EXHIBIT
      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, 2008.
 
 The results of operations for the three
months ended October 31, 2008 and 2007 are not necessarily indicative of the
results for the entire fiscal year or for any other period.
  -3-
  SUPERLATTICE
POWER, INC.
 
 CONSOLIDATED
BALANCE SHEETS
 (UNAUDITED)
 
 October
      31,
                                        
                                        
                                        July
      31,2008
                                        
                                        
                                        2008ASSETSCurrent
      assets:Cash
      and cash equivalents
                                        
                                        $
                                        203
                                        
                                        
                                        $
                                        15,695Property
      and equipment, net
                                        
                                        
                                        44,918
                                        
                                        
                                        
                                        33,603$
                                        45,121
                                        
                                        
                                        $
                                        49,298LIABILITIES
      AND STOCKHOLDERS' DEFICIENCYCurrent
      liabilities:Accounts
      payable and accrued expenses
                                        
                                        $
                                        395,116
                                        
                                        
                                        $
                                        164,260Due
      to related parties
                                        
                                        
                                        4,492,568
                                        
                                        
                                        
                                        4,458,768Total
      current liabilities
                                        
                                        
                                        4,887,684
                                        
                                        
                                        
                                        4,623,028Commitments
      and contingencies
                                        
                                        
                                        -
                                        
                                        
                                        
                                        -Stockholders'
      deficiency:Preferred
      stock, $.001 par value, 10,000,000 shares authorized, 0 issued and
      outstanding
                                        
                                        
                                        -
                                        
                                        
                                        
                                        -Common
      stock, $.001 par value, 250,000,000 shares authorized, 115,000,000 issued
      and outstanding
                                        
                                        
                                        115,000
                                        
                                        
                                        
                                        115,000Additional
      paid-in-capital
                                        
                                        
                                        (84,107
                                        )
                                        
                                        
                                        (84,107
                                        )Accumulated
      deficit
                                        
                                        
                                        (4,873,456
                                        )
                                        
                                        
                                        (4,604,623
                                        )Total
      stockholders' deficiency
                                        
                                        
                                        (4,842,563
                                        )
                                        
                                        
                                        (4,573,730
                                        )$
                                        45,121
                                        
                                        
                                        $
                                        49,298
 
 SEE
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
  -4-
  SUPERLATTICE
POWER, INC.
 
 CONSOLIDATED
STATEMENTS OF OPERATIONS
 (UNAUDITED)
 
 THREE
      MONTHS ENDEDOctober
      31,2008
                              
                              
                              2007Sales
                              
                              $
                              -
                              
                              
                              $
                              -Costs
      and expenses:General
      and administrative
                              
                              
                              154,757
                              
                              
                              
                              49,255Research
      and development
                              
                              
                              5,154
                              
                              
                              
                              -159,911
                              
                              
                              
                              49,255Loss
      from continuing operations
                              
                              
                              (159,911
                              )
                              
                              
                              (49,255
                              )Other
      (expense)
                              
                              
                              -
                              
                              
                              
                              (432
                              )Interest
      income
                              
                              
                              -
                              
                              
                              
                              242Interest
      expense
                              
                              
                              (108,922
                              )
                              
                              
                              -Net
      loss from continuing operations
                              
                              
                              (268,833
                              )
                              
                              
                              (49,445
                              )Provision
      for income taxes
                              
                              
                              -
                              
                              
                              
                              -Net
      loss from continuing operations
                              
                              
                              (268,833
                              )
                              
                              
                              (49,445
                              )Discontinued
      operations:Loss
      from discontinued operations
                              
                              
                              -
                              
                              
                              
                              (260,714
                              )Net
      loss on discontinued operations
                              
                              
                              -
                              
                              
                              
                              (260,714
                              )Net
      loss
                              
                              
                              (268,833
                              )
                              
                              
                              (310,159
                              )Other
      comprehensive income:Foreign
      currency translation
                              
                              
                              -
                              
                              
                              
                              3,972Net
      comprehensive loss
                              
                              $
                              (268,833
                              )
                              
                              $
                              (306,187
                              )Net
      loss per share - basic and diluted - continuing operations
                              
                              $
                              (0.00
                              )
                              
                              $
                              (0.00
                              )Weighted
      shares outstanding - basic and diluted –continuing operations
                              
                              
                              115,000,000
                              
                              
                              
                              115,000,000Net
      loss per share - basic and diluted - discontinued
    operations
                              
                              $
                              -
                              
                              
                              $
                              (0.00
                              )Weighted
      shares outstanding - basic and diluted –discontinued operations
                              
                              
                              115,000,000
                              
                              
                              
                              115,000,000
 
 SEE
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
  -5-
  SUPERLATTICE
POWER, INC.
 
 CONSOLIDATED
STATEMENT OF STOCKHOLDERS' DEFICIENCY
 (UNAUDITED)
  CumulativeAdditional
                          
                          
                          OtherCommon
      Stock
                          
                          
                          Paid
      In
                          
                          
                          Comprehensive
                          
                          
                          AccumulatedShares
                          
                          
                          Par
      value
                          
                          
                          Capital
                          
                          
                          Income
      (Loss)
                          
                          
                          Deficit
                          
                          
                          TotalBalance
      August 1, 2007
                          
                          
                          115,000,000
                          
                          
                          
                          115,000
                          
                          
                          
                          (84,107
                          )
                          
                          
                          (7,860
                          )
                          
                          
                          (3,739,333
                          )
                          
                          
                          (3,716,300
                          )Foreign
      currency translation
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          7,860
                          
                          
                          
                          -
                          
                          
                          
                          7,860Net
      loss for year ended July 2008
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (865,290
                          )
                          
                          
                          (865,290
                          )Balance
      July 31, 2008
                          
                          
                          115,000,000
                          
                          
                          
                          115,000
                          
                          
                          
                          (84,107
                          )
                          
                          
                          -
                          
                          
                          
                          (4,604,623
                          )
                          
                          
                          (4,573,730
                          )Net
      loss for the period endedOctober
      31, 2008
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (268,833
                          )
                          
                          
                          (268,833
                          )Balance
      October 31, 2008
                          
                          
                          115,000,000
                          
                          
                          $
                          115,000
                          
                          
                          $
                          (84,107
                          )
                          
                          $
                          -
                          
                          
                          $
                          (4,873,456
                          )
                          
                          $
                          (4,842,563
                          )
 
 SEE
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
  -6-
  SUPERLATTICE
POWER, INC.
 
 CONSOLIDATED
STATEMENT OF CASH FLOWS
 (UNAUDITED)
 
 THREE
      MONTHS ENDEDOctober
      31,2008
                                                  
                                                  
                                                  2007Cash
      Flows from Operating ActivitiesNet
      loss
                                                  
                                                  $
                                                  (268,833
                                                  )
                                                  
                                                  $
                                                  (310,159
                                                  )Adjustments
      to reconcile net cash provided by operating activities:Depreciation
                                                  
                                                  
                                                  1,777
                                                  
                                                  
                                                  
                                                  12,506Bad
      debt expense
                                                  
                                                  
                                                  -
                                                  
                                                  
                                                  
                                                  22,813(Decrease)
      in accounts receivable
                                                  
                                                  
                                                  -
                                                  
                                                  
                                                  
                                                  (26,497
                                                  )(Decrease)
      in inventories
                                                  
                                                  
                                                  -
                                                  
                                                  
                                                  
                                                  (2,422
                                                  )(Decrease)
      in prepaid expenses
                                                  
                                                  
                                                  -
                                                  
                                                  
                                                  
                                                  (5,432
                                                  )Increase
      in accounts payable and accrued expenses
                                                  
                                                  
                                                  230,856
                                                  
                                                  
                                                  
                                                  36,153Net
      cash used in operating activities
                                                  
                                                  
                                                  (36,200
                                                  )
                                                  
                                                  
                                                  (273,038
                                                  )Cash
      Flows from Investing ActivitiesPurchase
      of property and equipment
                                                  
                                                  
                                                  (13,092
                                                  )
                                                  
                                                  
                                                  (14,552
                                                  )(Decrease)
      in other assets
                                                  
                                                  
                                                  -
                                                  
                                                  
                                                  
                                                  (242
                                                  )Net
      cash used in investing activities
                                                  
                                                  
                                                  (13,092
                                                  )
                                                  
                                                  
                                                  (14,794
                                                  )Cash
      Flows from Financing ActivitiesProceeds
      from majority shareholder
                                                  
                                                  
                                                  -
                                                  
                                                  
                                                  
                                                  286,075Advances
      from related parties
                                                  
                                                  
                                                  33,800
                                                  
                                                  
                                                  
                                                  -Net
      cash provided by financing activities
                                                  
                                                  
                                                  33,800
                                                  
                                                  
                                                  
                                                  286,075Effect
      of exchange rate changes on cash and cash equivalents
                                                  
                                                  
                                                  -
                                                  
                                                  
                                                  
                                                  3,972Net
      increase (decrease) in cash and cash equivalents
                                                  
                                                  
                                                  (15,492
                                                  )
                                                  
                                                  
                                                  2,215Cash
      and cash equivalents at beginning of period
                                                  
                                                  
                                                  15,695
                                                  
                                                  
                                                  
                                                  5,962Cash
      and cash equivalents at end of period
                                                  
                                                  $
                                                  203
                                                  
                                                  
                                                  $
                                                  8,177Supplemental
      information:Cash
      paid during the year for:Interest
      paid
                                                  
                                                  $
                                                  -
                                                  
                                                  
                                                  $
                                                  -Income
      taxes paid
                                                  
                                                  $
                                                  -
                                                  
                                                  
                                                  $
                                                  -
 
 SEE
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
  -7-
 Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 
  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 Hybrid Technologies, Inc., the Company’s
former parent.  Our auditors have expressed substantial doubt
concerning our ability to continue as a going concern.
 
 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, 2007 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 Hybrid Technologies, Inc. (“Hybrid”).  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, Hybrid Technologies, 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 Hybrid, the Company’s former
parent.
 
 Effective
April 15, 2008, the Company entered into a license agreement with Hybrid
providing for Hybrid’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, Hybrid 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. Hybrid’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 Hybrid’s purchase takes place.
 
 The
Company has agreed to invest a minimum of $1,500,000 in each of the next two
years in development of the technology for the licensed products. To date,
investments have been made in the amount of $29,654. If the Company does not
make the required investments, it will be in default under the license
agreement; Hybrid would have the right to terminate the license
agreement.
  -8-
 Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
  Effective
April 16, 2008, the Company agreed to lease approximately 5,000 square feet of
space in Hybrid’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 Hybrid 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 Office (“Kassam”), and has been appointed as a director to fill a
vacancy on the Board.
 
 SIGNIFICANT
ACCOUNTING POLICIES
 
 Basis
of consolidation
 The
financial statements include the accounts of the Company and its wholly owned
subsidiary, Zingo Telecom, Inc. and Zingo Telecom Canada, Inc. for the three
months ended October 31, 2007. All intercompany accounts and transactions have
been eliminated in consolidation. The subsidiaries were sold in May of 2008 and
therefore there is no consolidation for the three months ended October 31,
2008.
 
 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.
 
 Financial
instruments
 The fair
value of accounts payable and accrued expenses and advances from related parties
approximates fair value based on their short maturities.
 
 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:
  -9-
 Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 LivesFurniture
      and fixtures
                10
      yearsSoftware
                3-5
      yearsComputers
                5
      years
 
 Long-lived
assets
 The
Company  accounts for  long-lived  assets
in  accordance  with  Statement of
Financial  Accounting  Standard No. 144 (SFAS
144)  "Accounting  for  Long-Lived Assets". 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.
 
 Foreign
currency translation
 The
functional currency for some foreign operations is the local currency. Assets
and liabilities of foreign operations are translated at balance sheet date rates
of exchange and income, expense and cash flow items are translated at the
average exchange rate for the period. There were no foreign currency
translations for the period ended October 31, 2008.  The translation
gains or losses were not material for the year ended July 31, 2008.
 
 Comprehensive
income (loss)
 The
Company reports comprehensive income (loss) in accordance with the requirements
of Statement of Financial Accounting Standards No.130. For the year ended July
31, 2008 the difference between net income (loss) and comprehensive income
(loss) is foreign currency translation.
 
 Discontinued
Operations
 In May
2008, the Company completed the sale of its VoIP business. The results for the
business were accounted for as discontinued operations in the consolidated
financial statements for the periods presented herein.  The
divestiture resulted in a loss of $0 and $260,714, respectively, for the three
months ended October 31, 2008 and 2007.
  -10-
 Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 
  Summarized
unaudited combined statement of loss for discontinued operations is as
follows:
 
 THREE MONTHS
                    
                    
                    THREE MONTHSENDED
                    
                    
                    ENDEDNet
      sales
                    
                    October 31, 2008
                    
                    
                    October 31, 2007$
                    -
                    
                    
                    $
                    234,674Loss
      before income tax
                    
                    
                    -
                    
                    
                    
                    (495,388
                    )Provision
      for income taxes
                    
                    
                    -
                    
                    
                    
                    -Loss
      from operations - net tax
                    
                    
                    -
                    
                    
                    
                    (260,714
                    )Gain
      on sale of discontinued operations
                    
                    
                    -
                    
                    
                    
                    -Provision
      for income taxes
                    
                    
                    -
                    
                    
                    
                    -Loss
      from discontinued operations - net of tax
                    
                    $
                    -
                    
                    
                    $
                    (260,714
                    )
 
 Revenues
 Revenues
are recognized at the time that service is completed or the related products
have been installed.
 
 Advertising
 Advertising
costs are generally expensed and are included in selling, general and
administrative expenses.  Total advertising expenditures for the three
months ended October 31, 2008 and 2007 were approximately $50,000 and $800
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.
 
 Reclassification
 Certain
reclassifications have been made to the prior year’s financial statements to
conform to the current year presentation. These reclassifications have had no
impact on the net. The reclassification consisted of other assets being
reclassified as marketable securities. The Company reclassified certain
continuing operations to discontinued operations for the three months ended
October 31, 2007 in the Company’s Consolidated Statements of
Operations.
 
 Recently
issued pronouncements
 In
December 2007, the Financial Accounting Standards Board (“FASB”) issued
Statement of Financial Accounting Standards (“SFAS”) No. 160, “Noncontrolling
Interests in Consolidated Financial Statements – an amendment of ARB No. 51”
(“SFAS No. 160”).  SFAS No. 160 amends Accounting Research Bulletin
(“ARB”) No. 51 to establish accounting and reporting standards for the
noncontrolling (minority) interest in a subsidiary and for the deconsolidation
of a subsidiary.  It clarifies that a noncontrolling interest in a
subsidiary is an ownership interest in the consolidated entity that should be
reported as equity in the Consolidated Financial Statements.  SFAS No.
160 also requires consolidated net income to be reported at amounts that include
the amounts attributable to both the parent and the noncontrolling interest on
the face of the consolidated statement of income.  Under SFAS No. 160,
the accounting for changes in a parent’s ownership interest in a subsidiary that
do not result in deconsolidation must be accounted for as equity transactions
for the difference between the parent’s carrying value and the cash exchanged in
the transaction.  In addition, SFAS No. 160 also requires that a
parent recognize a gain or loss in net income when a subsidiary is
deconsolidated (except in the case of a spin-off), and requires expanded
disclosure in the Consolidated Financial Statements that clearly identify and
distinguish between the interests of the parent’s ownership interest and the
interests of the noncontrolling owners of a subsidiary.  This
Statement is effective for fiscal years, and interim periods within those fiscal
years, beginning on or after December 15, 2008.  The Company will
adopt SFAS No. 160 on January 1, 2009, as required, and is currently evaluating
the impact of such adoption on its financial statements.
  -11-
 Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 
  In
February 2008, the FASB issued FASB Staff Position SFAS 157-1, “Application
of SFAS No. 157 to SFAS No. 13 and Its Related Interpretative Accounting
Pronouncements that Address Leasing Transactions” (“FSP SFAS 157-1”) and FASB
Staff Position SFAS 157-2, “Effective Date of SFAS No. 157” (“FSP SFAS
157-2”). FSP SFAS 157-1 excludes SFAS No. 13 and its related interpretive
accounting pronouncements that address leasing transactions from the
requirements of SFAS No. 157, with the exception of fair value measurements of
assets and liabilities recorded as a result of a lease transaction but measured
pursuant to other pronouncements within the scope of SFAS No. 157. FSP SFAS
157-2 delays the effective date of SFAS No. 157 for all nonfinancial assets and
nonfinancial liabilities, except those that are recognized or disclosed at fair
value in the financial statements on a recurring basis (at least annually). FSP
SFAS 157-1 and FSP SFAS 157-2 became effective for the Company upon adoption of
SFAS No. 157 on January 1, 2008. The Company will provide the additional
disclosures required relating to the fair value measurement of nonfinancial
assets and nonfinancial liabilities when it fully implements SFAS No. 157 on
January 1, 2009, as required, and does not believe they will have a significant
impact on its financial statements.
 
 In March
2008, the FASB issued SFAS No. 161, “Disclosures about Derivative Instruments
and Hedging Activities”, an amendment of FASB Statement No. 133 (“SFAS No.
161”).  The new standard is intended to improve financial reporting
about derivative instruments and hedging activities by requiring enhanced
disclosures to enable investors to better understand their effects on an
entity’s financial position, financial performance and cash flows.  It
is effective for financial statements issued for fiscal years and interim
periods beginning after November 15, 2008.  The Company does not
believe that SFAS No. 161 will have a material impact on its financial
statements.
 
 In May
2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally Accepted
Accounting Principles” (“SFAS No. 162”).  SFAS No. 162 identifies the
sources of accounting principles and the framework for selecting the principles
to be used in the preparation of financial statements of nongovernmental
entities that are presented in conformity with generally accepted accounting
principles (GAAP) in the United States.  This Statement is effective
sixty days following the SEC’s approval of the Public Company Accounting
Oversight Board amendments to AU Section 411, “The Meaning of Present Fairly in
Conformity With Generally Accepted Accounting Principles.”  The
Company is currently evaluating the potential impact, if any, of the adoption of
SFAS No. 162 on its financial statements.
 
 Note
2. Property and equipment
 
 Property
and equipment consist of:
 
 October 31,
                    
                    
                    July 31,2008
                    
                    
                    2008Office
      and computer equipment
                    
                    $
                    28,430
                    
                    
                    $
                    28,430Leasehold
      improvements
                    
                    
                    22,437
                    
                    
                    
                    9,34550,867
                    
                    
                    
                    37,775Less
      accumulated depreciation
                    
                    
                    (5,949
                    )
                    
                    
                    (4,172
                    )$
                    44,918
                    
                    
                    $
                    33,603
 
 Depreciation
expense for the three months ended October 31, 2008 and 2007 was $1,777 and
$12,506, respectively.
  -12-
 Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 
  Note
3. Segment information
 
 FASB
Statement No. 131,Disclosures about Segments of an Enterprise and Related Information,
establishes standards for reporting information about operating segments.
Operating segments are defined as components of an enterprise about which
separate financial information is available that is evaluated regularly by
management. We are organized by geographical area.
 
 The
following is financial information relating to the Company’s business
segments:
 
 (unaudited)
                      
                      
                      (unaudited)THREE MONTHS
                      
                      
                      THREE MONTHSENDED
                      
                      
                      ENDEDOctober 31, 2008
                      
                      
                      October 31, 2007Revenue
      from external customers:United
      States
                      
                      $
                      -
                      
                      
                      $
                      234,674India
                      
                      
                      -
                      
                      
                      
                      -Canada
                      
                      
                      -
                      
                      
                      
                      -Total
      revenues
                      
                      $
                      -
                      
                      
                      $
                      234,674(Loss)
      from operations:United
      States
                      
                      $
                      (159,911
                      )
                      
                      $
                      (180,594
                      )India
                      
                      
                      -
                      
                      
                      
                      (117,576
                      )Canada
                      
                      
                      -
                      
                      
                      
                      (11,799
                      )Total
      loss from operations
                      
                      $
                      (159,911
                      )
                      
                      $
                      (309,969
                      )
 
 Note
4.  Related party transactions
 
 The
Company's principal financing source has been from its former parent, Hybrid
Technologies, Inc. The Company has also received advances during 2008 from its
chief executive and principal financial officer Ayaz Kassam. On April 15, 2008,
Blue Diamond assumed Hybrid’s debt due from Superlattice.  At October
31, 2008 and July 31, 2008 the Company owed Blue Diamond $4,321,358, and Kassam
$171,210 and $137,410, respectfully. During the three months ended October 31,
2008 and 2007 the Company had advances totaling $33,800 and $0, respectively;
and payments amounted to approximately $0 and $286,075, respectively. Without
such funding, the Company could not stay in business.
 
 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 three months ended October 31, 2008 and 2007 is $108,922
and $0, respectively. The related party transaction amounts are reported as
current due to the relationship.
 
 Note
5.  Loss per 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.
  -13-
 Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
 
  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, Hybrid
Technologies 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.
 
 Note
7. Subsequent Events
 
 On
November 5, 2008 Superlattice entered into an agreement with a private company.
The private company will provide Superlattice with equipment in exchange for
Superlattice’s battery prototypes. Superlattice can produce the chemicals that
go into the battery cells but cannot fully produce batteries or battery
cells.  The equipment will enable the Company to produce battery
cells. The Company expects to receive the equipment by January
2009.  Once the equipment is received in the manufacturing facility,
it will be recorded at fair value.
  -14-


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
  Superlattice
Power, Inc. (formerly Zingo, Inc., the “Company”, “we”, or “us”) was
incorporated on July 15, 2002 under the laws of the State of Nevada under the
name "Titan Web Solutions, Inc." On August 18, 2003, we changed our name to
"Javakingcoffee, Inc."
  We had
been engaged in the business of offering a full range of business consulting
services to retailers in the specialty coffee industry in China until August
2005. On August 18, 2005, we entered into an Agreement and Plan of
Reorganization, pursuant to which we agreed to acquire all of the outstanding
shares of Whistlertel, Inc. (“Whistlertel”), a Nevada corporation, which was
formerly a wholly-owned subsidiary of Hybrid Technologies, Inc. On August 19,
2005, we completed the acquisition of Whistlertel in exchange for the issuance
of 80,000,000 shares of our common stock, or 69.56% of our outstanding common
stock following such issuance. We entered into a license agreement with Hybrid
Technologies, Inc. on April 15, 2008, for the license of the development of
their lithium battery technology, and we sold our 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.
 
 THREE
MONTHS ENDED OCTOBER 31, 2008 AS COMPARED WITH THREE MONTHS ENDED OCTOBER 31,
2007
 
 We
incurred a net loss of $268,833 for the three months ended October 31, 2008,
which included general and administrative costs of $154,757.
 
 We had no
sales for the three month period ended October 31, 2008. Our net loss for the
three-month period ended October 31, 2008, decreased from the three-month period
ended October 31, 2007 (from $310,159 for the prior period to $268,833 in 2008).
This was primarily due to inclusion in the prior period of a loss of $260,714
from discontinued operations. General and administrative costs of $154,757 were
higher in the three months ended October 31, 2008, as compared with $49,255 in
the prior period, due to an increase in the number of employees involved in
development of rechargeable lithium ion batteries and increased administrative
overhead and leased space costs as compared with the lower level of general and
administrative expenses associated with the prior period’s telecommunications
operations.
 
 PLAN OF
OPERATION
 
 Commercial
Initiatives
 
 We are
developing rechargeable lithium ion batteries for power production for a variety
of uses. We plan to
pioneera superlattice cathode material for the
use in lithium ion rechargeable batteries.
 -15-
  License
Agreement with Hybrid Technologies, Inc.
 
 Effective
April 15, 2008, we entered into a License Agreement (the “License Agreement”)
with Hybrid Technologies, Inc. (“Hybrid”), our former controlling stockholder,
providing for Hybrid’s license to us of Hybrid’s patent applications and
technologies for rechargeable lithium-ion batteries for hybrid vehicles and
other applications (“Licensed Products”).
 
 Under the
License Agreement, Hybrid 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. Hybrid’s cost for
lithium ion batteries purchased from us is our actual manufacturing costs for
such batteries for our fiscal quarter in which Hybrid’s purchase takes
place.
 
 We have
agreed to invest a minimum of $1,500,000 in each of the next two years in
development of the technology for the Licensed Products, and we intend to pursue
development of the lithium battery technology that we have
licensed.
 
 Effective
April 16, 2008, we agreed to lease approximately 5,000 square feet of space
(“Leased Space”) in Hybrid’s 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 Hybrid 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, Hybrid also sold us for the purchase price of $29,005, specified
equipment and supplies related to the Licensed Field. Although the lease was
signed, the space was not available as of April 30, 2008. Therefore, through
mutual agreement, no rent has been paid yet. We are at work with the equipment
purchased and expect the leased space to be finished soon.
  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, 2008, we had cash on hand of $203. Our liabilities at April 30,
2008, totaled $4,887,684.
 
 At
October 31, 2008, we had a working capital deficiency of $4,887,481 and a
stockholders' deficit of $4,842,563.
 
 Since our
incorporation, we have financed our operations almost exclusively through the
sale of our common shares to investors and through advances from our directors.
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.
 
 In the three months ended October 31,
2008, we had received approximately $33,800 in advances from related
parties.
 
  -16-
  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
 
 In
December 2007, the Financial Accounting Standards Board (“FASB”) issued
Statement of Financial Accounting Standards (“SFAS”) No. 160, “Noncontrolling
Interests in Consolidated Financial Statements – an amendment of ARB No. 51”
(“SFAS No. 160”). SFAS No. 160 amends Accounting Research Bulletin (“ARB”) No.
51 to establish accounting and reporting standards for the noncontrolling
(minority) interest in a subsidiary and for the deconsolidation of a subsidiary.
It clarifies that a noncontrolling interest in a subsidiary is an ownership
interest in the consolidated entity that should be reported as equity in the
Consolidated Financial Statements. SFAS No. 160 also requires consolidated net
income to be reported at amounts that include the amounts attributable to both
the parent and the noncontrolling interest on the face of the consolidated
statement of income. Under SFAS No. 160, the accounting for changes in a
parent’s ownership interest in a subsidiary that do not result in
deconsolidation must be accounted for as equity transactions for the difference
between the parent’s carrying value and the cash exchanged in the transaction.
In addition, SFAS No. 160 also requires that a parent recognize a gain or loss
in net income when a subsidiary is deconsolidated (except in the case of a
spin-off), and requires expanded disclosure in the Consolidated Financial
Statements that clearly identify and distinguish between the interests of the
parent’s ownership interest and the interests of the noncontrolling owners of a
subsidiary. This Statement is effective for fiscal years, and interim periods
within those fiscal years, beginning on or after December 15, 2008. The Company
will adopt SFAS No. 160 on January 1, 2009, as required, and is currently
evaluating the impact of such adoption on its financial statements.
 
 In
February 2008, the FASB issued FASB Staff Position SFAS 157-1, “Application
of SFAS No. 157 to SFAS No. 13 and Its Related Interpretative Accounting
Pronouncements that Address Leasing Transactions” (“FSP SFAS 157-1”) and FASB
Staff Position SFAS 157-2, “Effective Date of SFAS No. 157” (“FSP SFAS
157-2”). FSP SFAS 157-1 excludes SFAS No. 13 and its related interpretive
accounting pronouncements that address leasing transactions from the
requirements of SFAS No. 157, with the exception of fair value measurements of
assets and liabilities recorded as a result of a lease transaction but measured
pursuant to other pronouncements within the scope of SFAS No. 157. FSP SFAS
157-2 delays the effective date of SFAS No. 157 for all nonfinancial assets and
nonfinancial liabilities, except those that are recognized or disclosed at fair
value in the financial statements on a recurring basis (at least annually). FSP
SFAS 157-1 and FSP SFAS 157-2 became effective for the Company upon adoption of
SFAS No. 157 on January 1, 2008. The Company will provide the additional
disclosures required relating to the fair value measurement of nonfinancial
assets and nonfinancial liabilities when it fully implements SFAS No. 157 on
January 1, 2009, as required, and does not believe they will have a significant
impact on its financial statements.
 
 In March
2008, the FASB issued SFAS No. 161, “Disclosures about Derivative Instruments
and Hedging Activities”, an amendment of FASB Statement No. 133 (“SFAS No.
161”). The new standard is intended to improve financial reporting about
derivative instruments and hedging activities by requiring enhanced disclosures
to enable investors to better understand their effects on an entity’s financial
position, financial performance and cash flows. It is effective for financial
statements issued for fiscal years and interim periods beginning after November
15, 2008. The Company does not believe that SFAS No. 161 will have a material
impact on its financial statements.
  -17-
 
 In May
2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally Accepted
Accounting Principles” (“SFAS No. 162”). SFAS No. 162 identifies the sources of
accounting principles and the framework for selecting the principles to be used
in the preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles (GAAP) in
the United States. This Statement is effective sixty days following the SEC’s
approval of the Public Company Accounting Oversight Board amendments to AU
Section 411, “The Meaning of Present Fairly in Conformity With Generally
Accepted Accounting Principles.” The Company is currently evaluating the
potential impact, if any, of the adoption of SFAS No. 162 on its financial
statements.
 
 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.
 
 Credit
Risk - Our accounts receivables are not subject, in the normal course of
business, to collection risks. We regularly assess these risks and have
established policies and business practices to protect against the adverse
effects of collection risks. We do not anticipate any material losses in this
area.
 
 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.
  -18-
 
 PART II-
OTHER INFORMATION
 
 ITEM 1.
Legal Proceedings.
 
 On June
3, 2008, we were notified of a case filed on June 2, 2008, by Peter Strojnik,
Attorney at Law, in the Federal Court for the District of Arizona (Peter
Strojnik, P.C. v. The Energy Bull et al., 2:08-cv-1017 ROS). On June 24, 2008,
the plaintiff amended the complaint to include the Company as a defendant. The
complaint seeks damages against The Energy Bull and other defendants based on
transmission of unsolicited facsimiles illegally promoting the stock of the
Company to the plaintiff and members of the class that the plaintiff purports to
represent. The lawsuit seeks damages estimated in the complaint to be between
$333 million and $3 billion, as well as injunctive relief for the alleged
sending of unsolicited faxes. We have filed a motion to dismiss to exclude the
Company from the lawsuit. The Company disclaims all responsibility for
authorizing in any manner unsolicited facsimiles issued by The Raging Bull or
other parties that seek to promote the Company’s stock.
 
 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 12, 2008
  -19-