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, 2010


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





For the
transition period from 
to





Commission
File Number 000-50693





SUPERLATTICE
POWER, INC.


(Exact
name of Registrant as specified in its charter)





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





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











Check  whether
the issuer (1) filed all reports  required to be filed by Section 13
or 15(d) of the  Exchange  Act during the past 12 months (or
for such shorter period that the registrant was required to file such
reports),  and (2) has been subject to such filing requirements for
the past 90 days. x
Yes  ̈
No




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





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





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





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).   ̈Yes xNo





APPLICABLE
ONLY TO CORPORATE ISSUERS




The
number of shares outstanding the issuer's common stock, $.001 par value, was
345,000,000 as of March 1, 2010.








SUPERLATTICE
POWER, INC.





TABLE OF
CONTENTS





Page No.PART
      I. FINANCIAL INFORMATIONITEM
      I – Unaudited Consolidated Financial StatementsConsolidated
      Balance Sheets as of January 31, 2010 and July 31, 2009
      (Unaudited)
                        3Consolidated
      Statements of Operations for the Six and Three Months Ended January 31,
      2010 and 2009 (Unaudited)
                        4Consolidated
      Statement of Stockholders Deficiency (Unaudited)
                        5Consolidated
      Statements of Cash Flows for the Six Months Ended January 31, 2010 and
      2009 (Unaudited)
                        6Notes
      to Unaudited Consolidated Financial Statements
                        7ITEM
      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 INFORMATIONITEM
      6 - Exhibits
                        17EXHIBIT
      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


-1-





PART I.
FINANCIAL INFORMATION





Item 1.
Financial Statements





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





The
results of operations for the six and three months ended January 31, 2010 and
2009 are not necessarily indicative of the results for the entire fiscal year or
for any other period.


-2-





SUPERLATTICE
POWER, INC. AND SUBSIDIARIES


(A
DEVELOPMENT STAGE COMPANY)





BALANCE
SHEETS


(UNAUDITED)





January 31,
                            
                            
                            July 31,2010
                            
                            
                            2009ASSETSCurrent
      assets:Cash
      and cash equivalents
                            
                            $
                            11
                            
                            
                            $
                            191Prepaid
      expenses
                            
                            
                            3,314
                            
                            
                            
                            3,314Total
      current assets
                            
                            
                            3,325
                            
                            
                            
                            3,505Property
      and equipment, net
                            
                            
                            135,241
                            
                            
                            
                            141,261$
                            138,566
                            
                            
                            $
                            144,766LIABILITIES AND STOCKHOLDERS'
      DEFICIENCYCurrent
      liabilities:Accounts
      payable and accrued expenses
                            
                            $
                            886,460
                            
                            
                            $
                            654,810Due
      to related parties
                            
                            
                            5,020,110
                            
                            
                            
                            4,859,108Total
      current liabilities
                            
                            
                            5,906,570
                            
                            
                            
                            5,513,918Commitments
      and contingencies
                            
                            
                            -
                            
                            
                            
                            -Stockholders'
      deficiency:Preferred
      stock, $.001 par value, 10,000,000 shares authorized, 0 issued and
      outstanding
                            
                            
                            -
                            
                            
                            
                            -Common
      stock, $.001 par value, 750,000,000 shares authorized, 345,000,000 issued
      and outstanding at January 31, 2010 and 115,000,000 at July 31, 2009,
      respectively
                            
                            
                            345,000
                            
                            
                            
                            115,000Additional
      paid-in-capital
                            
                            
                            (211,082
                            )
                            
                            
                            18,918Accumulated
      deficit
                            
                            
                            (5,901,922
                            )
                            
                            
                            (5,503,070
                            )Total
      stockholders' deficiency
                            
                            
                            (5,768,004
                            )
                            
                            $
                            (5,369,152
                            )$
                            138,566
                            
                            
                            $
                            144,766





SEE
NOTES TO UNAUDITED FINANCIAL STATEMENTS


-3-





SUPERLATTICE
POWER, INC. AND SUBSIDIARIES


(A
DEVELOPMENT STAGE COMPANY)





STATEMENTS
OF OPERATIONS


(UNAUDITED)





SIX MONTHS ENDED
                                    
                                    
                                    THREE MONTHS ENDED
                                    
                                    
                                    August 1, 2008January 31,
                                    
                                    
                                    January 31,
                                    
                                    
                                    through2010
                                    
                                    
                                    2009
                                    
                                    
                                    2010
                                    
                                    
                                    2009
                                    
                                    
                                    January 31, 2010Sales
                                    
                                    $
                                    -
                                    
                                    
                                    
                                    
                                    
                                    $
                                    -
                                    
                                    
                                    $
                                    -
                                    
                                    
                                    $
                                    -Costs
      and expenses:Cost
      of sales
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -General
      and administrative
                                    
                                    
                                    72,047
                                    
                                    
                                    
                                    235,333
                                    
                                    
                                    
                                    32,056
                                    
                                    
                                    
                                    80,576
                                    
                                    
                                    
                                    277,451Research
      and development
                                    
                                    
                                    93,125
                                    
                                    
                                    
                                    5,954
                                    
                                    
                                    
                                    48,871
                                    
                                    
                                    
                                    800
                                    
                                    
                                    
                                    332,668165,172
                                    
                                    
                                    
                                    241,287
                                    
                                    
                                    
                                    80,927
                                    
                                    
                                    
                                    81,376
                                    
                                    
                                    
                                    610,119Loss
      from operations
                                    
                                    
                                    (165,172
                                    )
                                    
                                    
                                    (241,287
                                    )
                                    
                                    
                                    (80,927
                                    )
                                    
                                    
                                    (81,376
                                    )
                                    
                                    
                                    (610,119
                                    )Other
      income (expense):
                                    
                                    
                                    
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    -Interest
      expense
                                    
                                    
                                    (233,680
                                    )
                                    
                                    
                                    (217,844
                                    )
                                    
                                    
                                    (119,348
                                    )
                                    
                                    
                                    (108,922
                                    )
                                    
                                    
                                    (687,180
                                    )(398,852
                                    )
                                    
                                    
                                    (459,131
                                    )
                                    
                                    
                                    (200,275
                                    )
                                    
                                    
                                    (190,298
                                    )
                                    
                                    
                                    (1,297,299
                                    )Provision
      for (benefit from) income taxes
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -Net
      loss
                                    
                                    $
                                    (398,852
                                    )
                                    
                                    
                                    (459,131
                                    )
                                    
                                    $
                                    (200,275
                                    )
                                    
                                    $
                                    (190,298
                                    )
                                    
                                    $
                                    (1,297,299
                                    )Net
      loss per share - basic and diluted - continuing operations
                                    
                                    $
                                    (0.00
                                    )
                                    
                                    $
                                    0.00
                                    
                                    
                                    $
                                    (0.00
                                    )
                                    
                                    $
                                    (0.00
                                    )
                                    
                                    $
                                    (0.00
                                    )Weighted
      shares outstanding - basic and diluted - continuing
    operations
                                    
                                    
                                    345,000,000
                                    
                                    
                                    
                                    115,000,000
                                    
                                    
                                    
                                    345,000,000
                                    
                                    
                                    
                                    115,000,000
                                    
                                    
                                    
                                    345,000,000





SEE
NOTES TO UNAUDITED FINANCIAL STATEMENTS


-4-





SUPERLATTICE
POWER, INC. AND SUBSIDIARIES


(A
DEVELOPMENT STAGE COMPANY)





STATEMENT
OF STOCKHOLDERS' DEFICIENCY


(UNAUDITED)





AdditionalCommon Stock
                  
                  
                  Paid In
                  
                  
                  AccumulatedShares
                  
                  
                  Par value
                  
                  
                  Capital
                  
                  
                  Deficit
                  
                  
                  TotalBalance
      July 31, 2008
                  
                  
                  115,000,000
                  
                  
                  $
                  115,000
                  
                  
                  $
                  (84,107
                  )
                  
                  $
                  (4,604,623
                  )
                  
                  $
                  (4,573,730
                  )Contribution
      of machinery & equipment
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  103,025
                  
                  
                  
                  -
                  
                  
                  
                  103,025Net
      loss for the year ended July 31, 2009
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  (898,447
                  )
                  
                  
                  (898,447
                  )Balance
      July 31, 2009
                  
                  
                  115,000,000
                  
                  
                  
                  115,000
                  
                  
                  
                  18,918
                  
                  
                  
                  (5,503,070
                  )
                  
                  
                  (5,369,152
                  )3:1
      forward stock split
                  
                  
                  230,000,000
                  
                  
                  
                  230,000
                  
                  
                  
                  (230,000
                  )
                  
                  
                  -
                  
                  
                  
                  -Net
      loss for the period ended January 31, 2010
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  (398,852
                  )
                  
                  
                  (398,852
                  )Balance
      January 31, 2010
                  
                  
                  345,000,000
                  
                  
                  $
                  345,000
                  
                  
                  $
                  (211,082
                  )
                  
                  $
                  (5,901,922
                  )
                  
                  $
                  (5,768,004
                  )





SEE
NOTES TO UNAUDITED FINANCIAL STATEMENTS


-5-





SUPERLATTICE
POWER, INC. AND SUBSIDIARIES


(A
DEVELOPMENT STAGE COMPANY)





CONSOLIDATED
STATEMENT OF CASH FLOWS





6 MONTHS ENDED
                    
                    
                    August 1, 2008JANUARY 31,
                    
                    
                    through2010
                    
                    
                    2009
                    
                    
                    January 31, 2010Cash
      Flows from Operating ActivitiesNet
      loss
                    
                    $
                    (398,852
                    )
                    
                    $
                    (459,131
                    )
                    
                    $
                    (1,297,300
                    )Items
      not affecting cash flowsDepreciation
                    
                    
                    6,020
                    
                    
                    
                    10,556
                    
                    
                    
                    18,402Changes
      in operating assets and liabilities
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    -Decrease
      in prepaid expenses
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    (3,314
                    )Increase
      in accounts payable and accrued expenses
                    
                    
                    231,650
                    
                    
                    
                    251,290
                    
                    
                    
                    722,201Net
      cash used in operating activities
                    
                    
                    (161,182
                    )
                    
                    
                    (197,285
                    )
                    
                    
                    (560,011
                    )Cash
      Flows from Investing ActivitiesPurchase
      of property and equipment
                    
                    
                    
                    
                    
                    
                    (13,926
                    )
                    
                    
                    (17,015
                    )Cash
      Flows from Financing ActivitiesProceeds
      from majority shareholder
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    -Advances
      from related parties
                    
                    
                    553,074
                    
                    
                    
                    195,800
                    
                    
                    
                    996,814Payments
      to related parties
                    
                    
                    (392,072
                    )
                    
                    
                    
                    
                    
                    
                    (435,472
                    )Net
      cash provided by financing activities
                    
                    
                    161,002
                    
                    
                    
                    195,800
                    
                    
                    
                    561,342Net
      decrease in cash and cash equivalents
                    
                    
                    (180
                    )
                    
                    
                    (15,411
                    )
                    
                    
                    (15,684
                    )Cash
      and cash equivalents at beginning of period
                    
                    
                    191
                    
                    
                    
                    15,695
                    
                    
                    
                    15,695Cash
      and cash equivalents at end of period
                    
                    $
                    11
                    
                    
                    $
                    284
                    
                    
                    $
                    11Supplemental
      information:Cash
      paid during the year for:Interest
      paid
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    $
                    -Income
      taxes paid
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    $
                    -Non-cash
      transactionsDonated
      Equipment
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    $
                    103,025





SEE
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


-6-





SUPERLATTICE
POWER, INC.


NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


January
31, 2010





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 Li-ion Motors Corp., (“LMC”), the Company’s
former parent (EV Innovations, Inc.). Our auditors have expressed
substantial doubt concerning our ability to continue as a going
concern.





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





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





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





History
and Nature of Business


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





Effective
August 8, 2005, the Company entered into an Agreement and Plan of
Reorganization, pursuant to which the Company agreed to acquire all of the
outstanding shares of WhistlerTel, Inc., a Nevada corporation, which was a
wholly owned subsidiary of LMC, formally EV Innovations, 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, Li-ion Motors Corp. (formerly 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 LMC, the Company’s
former parent.





Effective
April 15, 2008, the Company entered into a license agreement with LMC providing
for LMC’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, LMC 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. LMC’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 LMC's purchase
takes place.





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


-7-


Superlattice
Power, Inc.


NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


January
31, 2010





Effective
April 16, 2008, the Company agreed to lease approximately 5,000 square feet of
space in LMC’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 $2,625, 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 LMC 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. Ayaz
Kassam is the new President and Chief Executive Officer and has been appointed
as a director to fill a vacancy on the Board.





Basis
of presentation


The
Company’s financial statements for the six months ended January 31, 2010 have
been prepared on a going concern basis which contemplates the realization of
assets and settlement of liabilities and commitments in the normal course of
business. The Company had $0 revenue for the six months ended January 31, 2010,
and there was a working capital deficit of approximately $5.9 million as of
January 31, 2010. Management recognized that the Company’s continued existence
is dependent upon its ability to obtain needed working capital through
additional equity and/or debt financing and revenue to cover expenses as the
Company continues to incur losses.





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





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





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





SIGNIFICANT
ACCOUNTING POLICIES





Estimates


The
preparation of financial statements prepared in accordance with the accounting
standards generally accepted in the United States of America requires management
to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements. Actual results could differ from those
estimates.


-8-




Superlattice
Power, Inc.


NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


January
31, 2010





Cash
and cash equivalents


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





Fair
value of financial instruments


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





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





As of
January 31, 2010, the Company held certain financial assets that are measured at
fair value on a recurring basis. These consisted of cash and cash
equivalents. The Company does not have any financial assets measured at fair
value on a recurring basis as Level 2 or Level 3 and there were no transfers in
or out of Level 2 or Level 3 during the six months ended January 31,
2010.





The
following table sets forth by level, within the fair value hierarchy, the
Company’s financial assets accounted for at fair value on a recurring basis as
of January 31, 2010.




Assets at fair value as of January 31, 2010
      usingQuoted
      prices inactive markets for
                    
                    
                    Significant
      other
                    
                    
                    Significantidentical
      assets
                    
                    
                    observable inputs
                    
                    
                    unobservableTotal
                    
                    
                    (Level 1)
                    
                    
                    (Level 2)
                    
                    
                    inputs (Level 3)Cash
      and cash equivalents
                    
                    $
                    11
                    
                    
                    $
                    11
                    
                    
                    $
                    -
                    
                    
                    $
                    -




The
Company had no financial assets accounted for on a non-recurring basis as of
January 31, 2010.





There
were no changes to the Company’s valuation techniques used to measure asset fair
values on a recurring or nonrecurring basis during the six months ended January
31, 2010 and the Company did not have any financial liabilities as of January
31, 2010.





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





Property
and equipment


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




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


-9-


Superlattice
Power, Inc.


NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


January
31, 2010





Long-lived
assets


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





Income
taxes


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





Net
loss per common share


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





Revenues


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





Advertising


Advertising
costs are expensed and are included in selling, general and administrative
expenses. Total advertising expenditures for the six months ended January
31, 2010 and 2009 were approximately $65,827 and $235,333
respectively.





Shipping
and handling


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





Research
and development


No set
amount has been set aside for research and development (“R&D”) but all
projects and purchases must be approved before being started or
purchased. As of January 31, 2010, there have been expenses allocated to
research and development. For the six months ending January 31, 2010, salaries,
payroll taxes, and benefits amounted to approximately $93,125 in R&D, parts
and supplies was approximately $0, and other R&D were approximately
$0.





Recently
issued pronouncements


During
2009, the Company adopted the revised accounting guidance related to business
combinations. This guidance requires an acquirer to recognize the assets
acquired, the liabilities assumed, and any noncontrolling interest in the
acquiree at the acquisition date, measured at their fair values as of that date,
with limited exceptions specified in the literature. In accordance with this
guidance, acquisition-related costs, including restructuring costs, must be
recognized separately from the acquisition and will generally be expensed as
incurred. That replaces the cost-allocation process detailed in previous
accounting literature, which required the cost of an acquisition to be allocated
to the individual assets acquired and liabilities assumed based on their
estimated fair values. The Company implemented this new guidance effective
August 1, 2009.




During
2009, the Company implemented an update to the accounting guidance related to
earnings per share. In accordance with this accounting guidance, unvested
share-based payment awards with rights to dividends are participating securities
and shall be included in the computation of basic earnings per share. The
Company adopted this guidance effective August 1, 2009. This implementation did
not have a material impact on prior periods presented.


-10-


Superlattice
Power, Inc.


NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


January
31, 2010





The FASB
has published a update to the accounting guidance on fair value measurements and
disclosures as it relates to investments in certain entities that calculate net
asset value per share (or its equivalent). This accounting guidance permits a
reporting entity to measure the fair value of certain investments on the basis
of the net asset value per share of the investment (or its equivalent). This
update also requires new disclosures, by major category of investments, about
the attributes of investments included within the scope of this amendment to the
Codification. The guidance in this update is effective for interim and annual
periods ending after December 15, 2009. The Company does not expect the adoption
of this standard to have a material impact on the Company's results of
operations, financial condition or cash flows.




Note
2. Property and equipment





Property
and equipment consist of:





January
      31,
                    
                    
                    July
      31,2010
                    
                    
                    2009Equipment
                    
                    $
                    44,255
                    
                    
                    $
                    44,255Idle
      equipment
                    
                    
                    87,200
                    
                    
                    
                    87,200Leasehold
      improvements
                    
                    
                    26,360
                    
                    
                    
                    26,360157,815
                    
                    
                    
                    157,815Less
      accumulated depreciation
                    
                    
                    (22,574
                    )
                    
                    
                    (16,554
                    )$
                    135,241
                    
                    
                    $
                    141,261




Depreciation
expense for the six months ended January 31, 2010 and 2009 was $6,020 and
$12,382 respectively.





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





Note
3. Related party transactions





The
Company's principal financing source has been from its former parent, Li-ion
Motors Corp. On April 15, 2008, Blue Diamond assumed LMC’s debt due from
Superlattice. At January 31, 2010 and July 31, 2009 the Company owed Blue
Diamond $4,321,358 and $4,321,358, respectfully. During the six months ended
January31, 2010and year ended July 31, 2009 the Company received no funds
and made no repayments, respectively. As of January 31, 2010 and July 31, 2009,
the amount due to Blue Diamond was $4,321,358 and $4,321,358,
respectively.




The
Company received and repaid additional advances from Ayaz Kassam (chief
executive and principal financial officer) for the six months ended January 31,
2010 and year ended July 31, 2009 in the amount of $370,457 and
$81,400 for January 31, 2010 and $581,150 and $43,400, respectively for the year
ended July 31, 2009. As of January 31, 2010 and July 31, 2009, the amount due to
Ayaz Kassam was $826,807 and $537,750, respectively.





The
Company received and repaid additional advances from SSRI (company that
formulates the decisions process) for the six months ended January 31, 2010 and
year ended July 31, 2009 in amounts of $19,400 and $9,700, respectively for
October 2009, and $0 and $0, respectively for July 2009. As of January 31,
2010 and July 31, 2009, the amount due to SSRI was $9,700 and $0,
respectively.




The
Company received and repaid additional advances from Li-ion Motors Corp. (prior
parent company) for the six months ended January 31, 2010 and year ended July
31, 2009 in the amounts of $163,217 and $300,972. As of January 31, 2010 and
July 31, 2009, the amount due to Li-ion Motors Corp. was $137,755 and $0,
respectively.





Without
such funding, the Company could not continue in business because it does not
have any revenue.




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 request but does not bear interest.
Interest for the six months ended January 31, 2010 and 2008 is
$114,332 and $108,922, respectively. The related party transaction amounts
are reported as a current liability in the balance sheet based on the terms of
the agreement.


-11-


Superlattice
Power, Inc.


NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


January
31, 2010





Note
4. Capital stock





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




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




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





Note
5. Net loss per common share





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




The
following table sets forth the reconciliation of the basic and diluted net loss
per common share computations for the six months ended January 31, 2010 and
2009.




Six
      Months Ended
                                
                                
                                Three
      Months EndedJanuary
      31,
                                
                                
                                January
      31,2010
                                
                                
                                2009
                                
                                
                                2010
                                
                                
                                2009Continuing
      operations:Basic
      and diluted EPS:Net
      loss ascribed to common shareholders - basic and
    diluted
                                
                                $
                                (398,852
                                )
                                
                                $
                                (459,131
                                )
                                
                                $
                                (200,275
                                )
                                
                                $
                                (190,298
                                )Weighted
      shares outstanding - basic and diluted
                                
                                
                                345,000,000
                                
                                
                                
                                345,000,000
                                
                                
                                
                                345,000,000
                                
                                
                                
                                345,000,000Basic
      and diluted net loss per common share
                                
                                $
                                (0.00
                                )
                                
                                $
                                (0.00
                                )
                                
                                $
                                (0.00
                                )
                                
                                $
                                (0.00
                                )





Net loss
per common share for the six months ended January 31, 2010 has been
revised. This revision was immaterial to the Company’s consolidated results
of operations and financial position. See below for further discussion. All
share and per share amounts have been restated to reflect the three-for-one
forward stock split as discussed in Note 4.





The
amounts previously reported for six months and three months ended January
31, 2009,
were as follows:


SIX
      MONTHS ENDED
                
                
                THREE
      MONTHS
                  ENDEDJanuary
      31,
                
                
                JANUARY
      31,2009
                
                
                2009Continuing
      operations:Basic
      and diluted loss per common share
                $
                
                (0.00
                )
                
                $
                (0.00
                )


-12-


Superlattice
Power, Inc.


NOTES TO
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


January
31, 2010





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, Li-ion Motors Corp.). 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




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




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





SIX
MONTHS ENDED JANUARY 31, 2010 AS COMPARED WITH SIX MONTHS ENDED JANUARY 31,
2009





We
incurred a net loss of $398,652 for the six months ended January 31, 2010, which
included general and administrative costs of $72,047 and research and
development expense of $93,125.





We had no
sales for the six month period ended January 31, 2010. Our net loss for the
six-month period ended January 31, 2010, decreased from the six-month period
ended January 31, 2009 (from $459,131 for the prior period to $398,652 in 2010).
This was primarily due to lower general and administrative costs of $72,047 in
the six months ended January 31, 2010, as compared with $235,333 in the prior
period, due in part to inclusion in the prior period of approximately $70,000 of
research and development expense in general and administrative expense We
incurred interest expense of $233,680 in 2010, as compared to $217,844 in the
prior period. We incurred research and development costs of $93,125, as compared
to $5,954 in the prior period, due to research and development costs of
approximately $70,000 in 2009 having been included in general and administrative
expense.





THREE
MONTHS ENDED JANUARY 31, 2010 AS COMPARED WITH THREE MONTHS ENDED JANUARY 31,
2009





We
incurred a net loss of $200,275 for the three months ended January 31, 2010,
which included general and administrative costs of $32,056 and research and
development expense of $48,871.





We had no
sales for the three month period ended January 31, 2010. Our net loss for the
three-month period ended January 31, 2010, increased from the three-month period
ended January 31, 2009 (from $190,298 for the prior period to $200,275 in 2010).
This was primarily due to lower costs and expenses of $80,927 in the three
months ended January 31, 2010, as compared with $81,376 in the prior period, as
well as higher interest expense in the three months ended January 31, 2010 of
$119,348 as compared with $108,922 in 2009.


-14-


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 Li-ion Motors Corp.





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





Under the
License Agreement, Li-ion Motors 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. Li-ion
Motors’ cost for lithium ion batteries purchased from us will be our actual
manufacturing costs for such batteries for our fiscal quarter in which Li-ion
Motors’ purchase takes place.





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





Effective
April 16, 2008, we agreed to lease approximately 5,000 square feet of space
(“Leased Space”) in Li-ion Motors’ 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 Li-ion Motors 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
(currently $2,625). Effective April 16, 2008, Li-ion Motors also sold us for the
purchase price of $29,005, specified equipment and supplies related to the
licensed intellectual property.




Sale
of our Telecom Subsidiaries




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





5.2        
Liquidity and Capital Resources





As of
January 31, 2010, we had cash on hand of $11. Our liabilities at January 31,
2010 totaled $5,906,570, as compared with $5,513,918 at July 31, 2009; and our
property plant and equipment net decreased to $135,241 at January 31, 2010, as
compared with $141,261 at July 31, 2009.


-15-





At
January 31, 2010, we had a working capital deficiency of $5,903,245 and a
stockholders deficit of $5,768,004.





We used
net cash in operating activities of $161,282 in the six months ended January 31,
2010, as compared with $197,285 in the comparable period in 2009, and cash flow
used in investing activities for the purchase of property, plant and equipment
was $13,926 in 2009, as compared with $-0- in 2010. Cash flow provided by
investing activities in 2009, included $13,092 for the purchase of property,
plant and equipment.





In the
six months ended January 31, 2010, we had received approximately $161,002 in net
advances from related parties, giving effect to payments to related parties of
$392,072, as compared with advances from related parties of $195,800 in
2009.





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





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





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





CRITICAL
ACCOUNTING POLICIES





Recently
issued pronouncements





Recently
issued pronouncements





During
2009, the Company adopted the revised accounting guidance related to business
combinations. This guidance requires an acquirer to recognize the assets
acquired, the liabilities assumed, and any noncontrolling interest in the
acquiree at the acquisition date, measured at their fair values as of that date,
with limited exceptions specified in the literature. In accordance with this
guidance, acquisition-related costs, including restructuring costs, must be
recognized separately from the acquisition and will generally be expensed as
incurred. That replaces the cost-allocation process detailed in previous
accounting literature, which required the cost of an acquisition to be allocated
to the individual assets acquired and liabilities assumed based on their
estimated fair values. The Company implemented this new guidance effective
August 1, 2009.





During
2009, the Company implemented an update to the accounting guidance related to
earnings per share. In accordance with this accounting guidance, unvested
share-based payment awards with rights to dividends are participating securities
and shall be included in the computation of basic earnings per share. The
Company adopted this guidance effective August 1, 2009. This implementation did
not have a material impact on prior periods presented.


-16-


The FASB
has published a update to the accounting guidance on fair value measurements and
disclosures as it relates to investments in certain entities that calculate net
asset value per share (or its equivalent). This accounting guidance permits a
reporting entity to measure the fair value of certain investments on the basis
of the net asset value per share of the investment (or its equivalent). This
update also requires new disclosures, by major category of investments, about
the attributes of investments included within the scope of this amendment to the
Codification. The guidance in this update is effective for interim and annual
periods ending after December 15, 2009. The Company does not expect the adoption
of this standard to have a material impact on the Company's results of
operations, financial condition or cash flows.





Item
3.  Quantitative and Qualitative Disclosures About Market Risk





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





Item
4T.  Controls and Procedures.





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





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.


-17-




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 Executive
                OfficerDated: March 22, 2010


-18-