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:  January
31, 2009







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)








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 March 1, 2009.




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 Financial Statements
            3Consolidated
      Balance Sheets as of January 31, 2009 and July 31, 2008
      (Unaudited)
            4Consolidated
      Statements of Operations for the Six and Three Months Ended January 31,
      2009 and 2008 (Unaudited)
            5Consolidated
      Statement of Stockholders Deficiency (Unaudited)
            6Consolidated
      Statements of Cash Flows for the Six Months Ended January 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.
            14ITEM
      3 - Quantitative and Qualitative Disclosures About Market
    Risk
            17ITEM
      4T - Controls and Procedures.
            17PART
      II. OTHER INFORMATION
            18ITEM
      1 - Legal Proceedings
            18ITEM
      6 - Exhibits
            18EXHIBIT
      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 six months ended January 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.CONSOLIDATED
      BALANCE SHEETS(UNAUDITED)January
      31,
            
            
            July
      31,ASSETS
            
            2009
            
            
            2008Current
      assets:Cash
      and cash equivalents
            
            $
            284
            
            
            $
            15,695Property
      and equipment, net
            
            
            139,998
            
            
            
            33,603$
            140,282
            
            
            $
            49,298LIABILITIES
      AND STOCKHOLDERS' DEFICIENCYCurrent
      liabilities:Accounts
      payable and accrued expenses
            
            $
            415,550
            
            
            $
            164,260Due
      to related parties
            
            
            4,654,568
            
            
            
            4,458,768Total
      current liabilities
            
            
            5,070,118
            
            
            
            4,623,028Commitments
      and contingencies
            
            
            —
            
            
            
            —Stockholders'
      deficiency:Preferred
      stock, $.001 par value, 10,000,000shares
      authorized, 0 issued and outstanding
            
            
            —
            
            
            
            —Common
      stock, $.001 par value, 250,000,000shares
      authorized, 115,000,000 issued and outstanding
            
            
            115,000
            
            
            
            115,000Additional
      paid-in-capital
            
            
            18,918
            
            
            
            (84,107
            )Accumulated
      deficit
            
            
            (5,063,754
            )
            
            
            (4,604,623
            )Total
      stockholders' deficiency
            
            
            (4,929,836
            )
            
            
            (4,573,730
            )$
            140,282
            
            
            $
            49,298


SEE
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS




- 4
-






SUPERLATTICE
      POWER, INC.CONSOLIDATED
      STATEMENTS OF OPERATIONS(UNAUDITED)SIX
      MONTHS ENDED
            
            
            THREE
      MONTHS ENDEDJanuary
      31,
            
            
            January
      31,2009
            
            
            2008
            
            
            2009
            
            
            2008Sales
            
            $
            —
            
            
            $
            —
            
            
            $
            —
            
            
            $
            —Costs
      and expenses:General
      and administrative
            
            
            235,333
            
            
            
            98,652
            
            
            
            80,576
            
            
            
            49,397Research
      and development
            
            
            5,954
            
            
            
            —
            
            
            
            800
            
            
            
            —241,287
            
            
            
            98,652
            
            
            
            81,376
            
            
            
            49,397Loss
      from continuing operations
            
            
            (241,287
            )
            
            
            (98,652
            )
            
            
            (81,376
            )
            
            
            (49,397
            )Interest
      expense
            
            
            (217,844
            )
            
            
            —
            
            
            
            (108,922
            )
            
            
            —Net
      loss from continuing operations
            
            
            (459,131
            )
            
            
            (98,652
            )
            
            
            (190,298
            )
            
            
            (49,397
            )Provision
      for income taxes
            
            
            —
            
            
            
            —
            
            
            
            —
            
            
            
            —Net
      loss from continuing operations
            
            
            (459,131
            )
            
            
            (98,652
            )
            
            
            (190,298
            )
            
            
            (49,397
            )Discontinued
      operations:Loss
      from discontinued operations
            
            
            —
            
            
            
            (331,415
            )
            
            
            —
            
            
            
            (70,511
            )Net
      loss on discontinued operations
            
            
            —
            
            
            
            (331,415
            )
            
            
            —
            
            
            
            (70,511
            )Net
      loss
            
            
            (459,131
            )
            
            
            (430,067
            )
            
            
            (190,298
            )
            
            
            (119,908
            )Other
      comprehensive income:Foreign
      currency translation
            
            
            —
            
            
            
            (1,691
            )
            
            
            —
            
            
            
            (5,663
            )Net
      comprehensive loss
            
            $
            (459,131
            )
            
            $
            (431,758
            )
            
            $
            (190,298
            )
            
            $
            (125,571
            )Net
      loss per share - basic and diluted - continuing operations
            
            $
            (0.00
            )
            
            $
            (0.00
            )
            
            $
            (0.00
            )
            
            $
            (0.00
            )Weighted
      shares outstanding - basic and diluted - continuing
    operations
            
            
            115,000,000
            
            
            
            115,000,000
            
            
            
            115,000,000
            
            
            
            115,000,000Net
      loss per share - basic and diluted - discontinued
    operations
            
            $
            (0.00
            )
            
            $
            (0.00
            )
            
            $
            (0.00
            )
            
            $
            (0.00
            )Weighted
      shares outstanding - basic and diluted - discontinued
      operations
            
            
            115,000,000
            
            
            
            115,000,000
            
            
            
            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 31, 2008
            
            
            —
            
            
            
            —
            
            
            
            —
            
            
            
            —
            
            
            
            (865,290
            )
            
            
            (865,290
            )Balance
      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 period endedJanuary
      31, 2009
            
            
            —
            
            
            
            —
            
            
            
            —
            
            
            
            —
            
            
            
            (459,131
            )
            
            
            (459,131
            )Balance
      January 31, 2009
            
            
            115,000,000
            
            
            $
            115,000
            
            
            $
            18,918
            
            
            $
            —
            
            
            $
            (5,063,754
            )
            
            $
            (4,929,836
            )


SEE
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS







- 6
-






SUPERLATTICE POWER, INC.CONSOLIDATED
      STATEMENT OF CASH FLOWS(UNAUDITED)


SIX
      MONTHS ENDEDJanuary
      31,2009
            
            
            2008Cash
      Flows from Operating ActivitiesNet
      loss
            
            $
            (459,131
            )
            
            $
            (430,067
            )Adjustments
      to reconcile net cash provided by operating activities:Depreciation
            
            
            10,556
            
            
            
            17,284Bad
      debt expense
            
            
            —
            
            
            
            9,678(Decrease)
      in accounts receivable
            
            
            —
            
            
            
            (22,485
            )(Decrease)
      in inventories
            
            
            —
            
            
            
            (2,422
            )Increase
      in prepaid expenses
            
            
            —
            
            
            
            48,300(Decrease)
      in marketable securities-restricted
            
            
            —
            
            
            
            (476
            )Loss
      on sale of property and equipment
            
            
            —
            
            
            
            3,903(Decrease)
      in other assets
            
            
            —
            
            
            
            (14,149
            )Increase
      (decrease) in accounts payable and accrued expenses
            
            
            251,290
            
            
            
            (98,344
            )(Decrease)
      in deferred revenue
            
            
            —
            
            
            
            (2,990
            )Net
      cash used in operating activities
            
            
            (197,285
            )
            
            
            (491,768
            )Cash
      Flows from Investing ActivitiesPurchase
      of property and equipment
            
            
            (13,926
            )
            
            
            (9,143
            )Proceeds
      from sale of property and equipment
            
            
            —
            
            
            
            1,070Net
      cash used in investing activities
            
            
            (13,926
            )
            
            
            (8,073
            )Cash
      Flows from Financing ActivitiesProceeds
      from majority shareholder
            
            
            —
            
            
            
            501,060Advances
      from related parties
            
            
            195,800
            
            
            
            —Net
      cash provided by financing activities
            
            
            195,800
            
            
            
            501,060Effect
      of exchange rate changes on cash and cash equivalents
            
            
            —
            
            
            
            3,972Net
      increase (decrease) in cash and cash equivalents
            
            
            (15,411
            )
            
            
            5,191Cash
      and cash equivalents at beginning of period
            
            
            15,695
            
            
            
            5,962Cash
      and cash equivalents at end of period
            
            $
            284
            
            
            $
            11,153Supplemental
      information:Cash
      paid during the year for:Interest
      paid
            
            $
            —
            
            
            $
            —Income
      taxes paid
            
            $
            —
            
            
            $
            —Non-cash
      transactionsDonated
      Equipment
            
            $
            103,025
            
            
            $
            —


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 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.





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, 2008 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.





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 $35,608. If the Company does not
make the required investments, it will be in default under the license
agreement; EVI 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 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 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 six
months ended January 31, 2008. 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 six months ended January 31,
2009.





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:





LivesFurniture
      and fixtures
            10
      yearsSoftware
            3-5
      yearsComputers
            5
      years






- 9
-




Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


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 January 31, 2009. 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 $331,451, respectively, for the six months ended
January 31, 2009 and 2008.





Summarized
unaudited combined statement of loss for discontinued operations is as
follows:




SIX
      MONTHS
            
            
            SIX
      MONTHSENDED
            
            
            ENDEDJanuary
      31, 2009
            
            
            January
      31, 2008Net
      sales
            
            $
            —
            
            
            $
            430,322Loss
      before income tax
            
            
            —
            
            
            
            (761,737
            )Provision
      for income taxes
            
            
            —
            
            
            
            —Loss
      from operations - net tax
            
            
            —
            
            
            
            (331,415
            )Gain
      on sale of discontinued operations
            
            
            —
            
            
            
            —Provision
      for income taxes
            
            
            —
            
            
            
            —Loss
      from discontinued operations - net of tax
            
            $
            —
            
            
            $
            (331,415
            )




Revenues


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




- 10
-




Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


Advertising


Advertising
costs are generally expensed and are included in selling, general and
administrative expenses. Total advertising expenditures for the six months
ended January 31, 2009 and 2008 were approximately $50,000 and $1,600
respectively.





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 six months ended
January 31, 2008 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
has adopted SFAS No. 160 on August 1, 2009, as required, and does not believe
they will have a significant impact 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.




- 11
-




Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED 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:




January
      31,
              
              
              July
      31,2009
              
              
              2008Office
      and computer equipment
              
              $
              131,455
              
              
              $
              28,430Lease
      hold improvements
              
              
              23,271
              
              
              
              9,345154,726
              
              
              
              37,775Less
      accumulated depreciation
              
              
              (14,728
              )
              
              
              (4,172
              )$
              139,998
              
              
              $
              33,603


Depreciation
expense for the six months ended January 31, 2009 and 2008 was $10,556 and
$19,061, 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. 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)
              
              
              (unaudited)
              
              
              (unaudited)SIX
      MONTHS
              
              
              SIX
      MONTHS
              
              
              THREE
      MONTHS
              
              
              THREE
      MONTHSENDED
              
              
              ENDED
              
              
              ENDED
              
              
              ENDEDJanuary
      31, 2009
              
              
              January
      31, 2008
              
              
              January
      31, 2009
              
              
              January
      31, 2008Revenue
      from external customers:United
      States
              
              $
              —
              
              
              $
              430,322
              
              
              $
              —
              
              
              $
              195,648India
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              —Canada
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              —Total
      revenues
              
              $
              —
              
              
              $
              430,322
              
              
              $
              —
              
              
              $
              195,
      648(Loss)
      from operations :United
      States
              
              $
              (459,131
              )
              
              
              (206,680
              )
              
              $
              (299,220
              )
              
              $
              (26,086
              )India
              
              
              —
              
              
              
              (191,392
              )
              
              
              —
              
              
              
              (73,816
              )Canada
              
              
              —
              
              
              
              (18,424
              )
              
              
              —
              
              
              
              (6,
      625
              )Total
      loss from operations
              
              $
              (459,131
              )
              
              $
              (416,496
              )
              
              $
              (299,220
              )
              
              $
              (106,527
              )




- 12
-




Superlattice
Power, Inc.
 
 NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


Note
4. Related party transactions





The
Company's principal financing source has been from its former parent, EV
Innovations, 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 EVI’s debt due from Superlattice. At January 31, 2009
and July 31, 2008 the Company owed Blue Diamond $4,321,358, and Kassam $333,210
and $137,410, respectfully. During the six months ended January 31, 2009 and
2008 the Company had advances totaling $195,800 and $0, respectively; and
payments amounted to approximately $0 and $501,060, 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 the six months ended January 31, 2009 and 2008 is
$217,844 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.





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.




- 13
-




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 EV Innovations, Inc. (“EVI”, formerly
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 EVI 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 JANUARY 31, 2009 AS COMPARED WITH THREE MONTHS ENDED JANUARY 31,
2008





We
incurred a net loss of $190,298 for the three months ended January 31, 2009,
which included general and administrative costs of $80,576.





We had no
sales for the three month period ended January 31, 2009. Our net loss for the
three-month period ended January 31, 2009, increased from the three-month period
ended January 31, 2008 (from $119,908 for the prior period to $190,298 in 2008).
This was primarily due to interest expense of $108,922 in 2009, as compared to
$-0- in the prior period. General and administrative costs of $80,576 were
higher in the three months ended January 31, 2009, as compared with $49,397 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.  The prior period’s results reflected a loss from
discontinued operations of $70,511.





SIX
MONTHS ENDED JANUARY 31, 2009 AS COMPARED WITH SIX MONTHS ENDED JANUARY 31,
2008





We
incurred a net loss of $459,131 for the six months ended January 31, 2009, which
included general and administrative costs of $235,333.




- 14
-





We had no
sales for the six month period ended January 31, 2009. Our net loss for the
six-month period ended January 31, 2009, increased from the six-month period
ended January 31, 2008 (from $430,067 for the prior period to $459,131 in 2009).
This was primarily due to interest expense of $217,844 in 2009, as compared to
-0- in the prior period. General and administrative costs of $235,333 were
higher in the six months ended January 31, 2009, as compared with $98,652 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. The prior period’s results reflected a loss from discontinued
operations of $331,415.




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.





License
Agreement with EVI, Inc.





Effective
April 15, 2008, we entered into a License Agreement (the “License Agreement”)
with EVI, our former controlling stockholder, providing for EVI’s license to us
of EVI’s 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 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. EVI’s cost for lithium
ion batteries purchased from us is our actual manufacturing costs for such
batteries for our fiscal quarter in which EVI’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 EVI’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 EVI 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, EVI also sold us for the purchase price of $29,005, specified
equipment and supplies related to the Licensed Field. The space became available
in late May and rent commenced to accrue at that time.




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
January 31, 2009, we had cash on hand of $284. Our liabilities at January 31,
2009 totaled $5,070,118.




- 15
-




At
January 31, 2009, we had a working capital deficiency and a stockholders deficit
of $4,929,836.




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
six months ended January 31, 2009, we had received approximately $195,800 in
advances from related parties.




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.




- 16
-





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.




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.






- 17
-




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
Kassam


Ayaz
Kassam


President
and Chief Executive Officer


Dated:
March 17, 2009