**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-Q**

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

| o | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT |
|---|----------------------------------------------------------------------------------------------------------------|

**Diapulse      Corporation of America**

| Delaware                                       |   | 13-5671991                         |
|------------------------------------------------|--------|------------------------------------|
| (State                or other jurisdiction of |   | (I.R.S.                Employer    |
| incorporation                of organization)  |   | Identification                No.) |

** **

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**DIAPULSE      CORPORATION OF AMERICA**

**INDEX      TO FORM 10-Q**

| **PART                I - FINANCIAL INFORMATION**        |   |
|----------------------------------------------------------|--------|
|                                                     |   |   |   |   |   |   |
|                                                     |   | Item                1. |   | Financial                Statements |   |   |
|                                                     |   |   |   |   |   |   |
|                                                     |   |   |   | BALANCE                SHEETS (UNAUDITED) |   |   |
|                                                     |   |   |   | June                30, 2008 |   | 3 -                4 |
|                                                     |   |   |   |   |   |   |
|                                                     |   |   |   | STATEMENTS                OF OPERATIONS (UNAUDITED) |   |   |
|                                                     |   |   |   | Six                Months ended June 30, 2008 |   |   |
|                                                     |   |   |   | Three                Months ended June 30, 2008-08-07 7 |   | 5 |
|                                                     |   |   |   |   |   |   |
|                                                     |   |   |   | STATEMENTS                OF CASH FLOWS (UNAUDITED) |   |   |
|                                                     |   |   |   | Six                Months ended June 30, 2008 |   | 7-8 |
|                                                     |   |   |   |   |   |   |
|                                                     |   |   |   | NOTES                TO UNAUDITED FINANCIAL STATEMENTS |   | 9 |
|                                                     |   |   |   |   |   |   |
|                                                     |   | Item                2. |   | Management’s                Discussion and Analysis of Financial Condition |   |   |
|                                                     |   |   |   | and                Results of Operations |   | 10                - 11 |
|                                                     |   |   |   |   |   |   |
|                                                     |   | Item                4. |   | Controls                and Procedures |   | 12 |
|                                                     |   |   |   |   |   |   |
| **PART                II - OTHER INFORMATION**           |
|                                                     |   |   |   |   |   |   |
|                                                     |   | Item                1. |   | Legal                Proceedings |   | 13 |
|                                                     |   |   |   |   |   |   |
|                                                     |   | Item                2. |   | Unregistered                Sales of Equity Securities |   |   |
|                                                     |   |   |   | and                Use of Proceeds |   | 13 |
|                                                     |   |   |   |   |   |   |
|                                                     |   | Item                3. |   | Defaults                Upon Senior Securities |   | 13 |
|                                                     |   |   |   |   |   |   |
|                                                     |   | Item                4. |   | Submission                of Matters to a Vote of Security Holders |   | 13 |
|                                                     |   |   |   |   |   |   |
|                                                     |   | Item                5. |   | Other                Information |   | 14 |
|                                                     |   |   |   |   |   |   |
|                                                     |   | Item                6. |   | Exhibits |   | 14 |
|                                                     |   |   |   |   |   |   |
| SIGNATURES                                               |   | 15 |
|                                                     |   |   |   |   |   |   |
| EXHIBIT                INDEX                             |   | 16 |
|                                                     |   |   |   |   |   |   |
| CERTIFICATIONS                OF CHIEF EXECUTIVE OFFICER |   | 17                - 18 |

----

**PART      I - FINANCIAL INFORMATION**

**Item      1.**
**      Financial Statements**

**DIAPULSE      CORPORATION OF AMERICA**

**BALANCE      SHEETS**

|                                                            |   | June                30, 2008 |    | Dec.                31, 2007 |   |
|-----------------------------------------------------------------|--------|------------------------------|---------|------------------------------|--------|
|                                                            |   | Unaudited               |    | Audited                 |   |
| Assets                                                          |   |                         |    |                         |   |
| Current                Assets:                                  |   |                         |    |                         |   |
| Cash                and cash equivalents                        |   | $                            | 116,402 |                         | $      | 172,936 |   |
| Current                portion of accounts receivable, net of   |   |                         |    |                         |   |   |   |
| Allowance                for doubtful accounts of $276,530 at   |   |                         |    |                         |   |   |   |
| June                30, 2008 and December 31, 2007 respectively |   |                         | 4,626   |                         |   | 14,160 |   |
| Inventories                                                     |   |                         | 407,396 |                         |   | 423,623 |   |
| Commission                advances                              |   |                         | 900     |                         |   | - |   |
| Other                current assets                             |   |                         | 11,983  |                         |   | 11,510 |   |
|                                                            |   |                         |    |                         |   |   |   |
| Total                current assets                             |   |                         | 541,307 |                         |   | 622,229 |   |
|                                                            |   |                         |    |                         |   |   |   |
| Property                and equipment, net                      |   |                         | 4,372   |                         |   | 5,574 |   |
|                                                            |   |                         |    |                         |   |   |   |
|                                                            |   |                         |    |                         |   |   |   |
| Other                assets:                                    |   |                         |    |                         |   |   |   |
| Accounts                receivable, net of current portion      |   |                         | 55,252  |                         |   | 55,247 |   |
|                                                            |   |                         |    |                         |   |   |   |
| Security                deposits                                |   |                         | 9,763   |                         |   | 9,763 |   |
|                                                            |   |                         |    |                         |   |   |   |
| Total                other assets                               |   |                         | 65,015  |                         |   | 65,010 |   |
|                                                            |   |                         |    |                         |   |   |   |
| Total                Assets                                     |   | $                            | 610,694 |                         | $      | 692,813 |   |

----

**DIAPULSE      CORPORATION OF AMERICA**

**BALANCE      SHEETS**

| Liabilities                and Stockholders’ Equity (Deficiency)                                                          |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                            |   |
|                                                                                                                            |   | June                30, 2008 |   | Dec.                31, 2007 |   |
|                                                                                                                            |   |  Unaudited |   | Audited  |   |
| Current                Liabilities:                                                                                             |   |   |   |   |   |
| Accounts                payable and accrued liabilities including                                                               |   |   |   |   |   |
| $75,516                at June 30, 2008 and $73,054 at                                                                          |   |   |   |   |   |
| December                31, 2007 to related parties                                                                             |   | $ | 195,687 |   | $ | 216,096 |   |
| Accrued                income taxes                                                                                             |   |   | - |   |   | 1,055 |   |
|                                                                                                                            |   |   |   |   |   |  |   |
| Total                current liabilities                                                                                        |   |   | 195,687 |   |   | 217,151 |   |
|                                                                                                                            |   |   |   |   |   |   |   |
|  Long-term                portion of amounts due estate of former                officer/stockholder                       |   |   | 3,370,087 |   |   | 3,270,145 |   |
|                                                                                                                            |   |   |   |   |   |   |   |
| Total                Liabilities                                                                                                |   |   | 3,565,774 |   |   | 3,487,296 |   |
|                                                                                                                            |   |   |   |   |   |   |   |
| Stockholders'                equity:                                                                                            |   |   |   |   |   |   |   |
| Common                stock - $.025 par value:                                                                                  |   |   |   |   |   |   |   |
| Authorized                15,000,000 shares, issued 3,962,058 shares                                                            |   |   |   |   |   |   |   |
| as                at June 30, 2008 and December 31, 2007                                                                        |   |   | 99,051 |   |   | 99,051 |   |
| Additional                paid-in capital                                                                                       |   |   | 2,293,272 |   |   | 2,293,272 |   |
| Accumulated                deficit                                                                                              |   |   | (5,345,075 | ) |   | (5,184,478 | ) |
|                                                                                                                            |   |   | (2,952,752 | ) |   | (2,792,155 | ) |
|                                                                                                                            |   |   |   |   |   |   |   |
| Less                treasury stock 1,328 shares as at June 30, 2008 and December 31,                2007 at                cost |   |   | (2,328 | ) |   | (2,328 | ) |
|                                                                                                                            |   |   |   |   |   |   |   |
| Total                stockholders' equity (Deficiency)                                                                          |   |   | (2,955,080 | ) |   | (2,794,483 | ) |
|                                                                                                                            |   |   |   |   |   |   |   |
| Total                liabilities and stockholders' equity (Deficiency)                                                          |   | $ | 610,694 |   | $ | 692,813 |   |

----

**DIAPULSE      CORPORATION OF AMERICA**

**STATEMENTS      OF OPERATIONS**

**(UNAUDITED)**

|                                                             |   | **SIX                MONTHS ENDED** |      |
|------------------------------------------------------------------|--------|-------------------------------------|-----------|
|                                                             |   | **June                30**          |      |
|                                                             |   | **2008**                            |      | **2007** |   |
|                                                             |   |                                |      |   |   |
| Net                Sales and rentals                             |   | $                                   | 146,386   |   | $ | 463,705 |   |
|                                                             |   |                                |      |   |   |   |   |
| Cost                of sales and rentals                         |   |                                | 44,291    |   |   | 61,535 |   |
|                                                             |   |                                |      |   |   |   |   |
| Gross                Margin                                      |   |                                | 102,095   |   |   | 402,170 |   |
|                                                             |   |                                |      |   |   |   |   |
| Operating                Expenses:                               |   |                                |      |   |   |   |   |
| Selling,                general and administrative               |   |                                | 160,775   |   |   | 317,407 |   |
| Interest                expense (principally to related parties) |   |                                | 111,522   |   |   | 30,578 |   |
|                                                             |   |                                |      |   |   |   |   |
| Total                Operating Expenses                          |   |                                | 272,297   |   |   | 347,985 |   |
|                                                             |   |                                |      |   |   |   |   |
| Net                Operating Income (Loss)                       |   |                                | (170,202  | ) |   | 54,185 |   |
| Interest                and other income                         |   |                                | 8,807     |   |   | 11,061 |   |
|                                                             |   |                                |      |   |   |   |   |
| Income                (Loss) before Provision for Income Taxes   |   |                                | (161,395  | ) |   | 65,246 |   |
| Provision                for Income Taxes                        |   |                                | (798      | ) |   | 579 |   |
|  Net                Income (Loss)                           |   | $                                   | (160,597  | ) | $ | 64,667 |   |
|                                                             |   |                                |      |   |   |   |   |
| Basic                Earnings (Loss) Per Share                   |   | $                                   | (0.04     | ) | $ | 0.02 |   |
|                                                             |   |                                |      |   |   |   |   |
| Weighted                Average Number of Common                 |   |                                |      |   |   |   |   |
| Shares                Outstanding                                |   |                                | 3,960,730 |   |   | 3,960,730 |   |

----

**DIAPULSE      CORPORATION OF AMERICA**

**STATEMENTS      OF OPERATIONS**

**(UNAUDITED)**

|                                                             |   | **THREE                MONTHS ENDED** |      |
|------------------------------------------------------------------|--------|---------------------------------------|-----------|
|                                                             |   | **June                30**            |      |
|                                                             |   | **2008**                              |      | **2007** |   |
|                                                             |   |                                  |      |   |   |
| Net                Sales and rentals                             |   | $                                     | 61,040    |   | $ | 345,685 |   |
|                                                             |   |                                  |      |   |   |   |   |
| Cost                of sales and rentals                         |   |                                  | 16,628    |   |   | 28,113 |   |
|                                                             |   |                                  |      |   |   |   |   |
| Gross                Margin                                      |   |                                  | 44,412    |   |   | 317,572 |   |
|                                                             |   |                                  |      |   |   |   |   |
| Operating                Expenses:                               |   |                                  |      |   |   |   |   |
| Selling,                general and administrative               |   |                                  | 80,638    |   |   | 213,564 |   |
| Interest                expense (principally to related parties) |   |                                  | 52,070    |   |   | 16,678 |   |
|                                                             |   |                                  |      |   |   |   |   |
| Total                Operating Expenses                          |   |                                  | 132,708   |   |   | 230,242 |   |
|                                                             |   |                                  |      |   |   |   |   |
| Net                Operating Income (Loss)                       |   |                                  | (88,296   | ) |   | 87,330 |   |
| Interest                and other income                         |   |                                  | 623       |   |   | 8,058 |   |
|                                                             |   |                                  |      |   |   |   |   |
| Income                (Loss) before Provision for Income Taxes   |   |                                  | (87,673   | ) |   | 95,388 |   |
| Provision                for Income Taxes                        |   |                                  | (798      | ) |   | (426 | ) |
|  Net                Income (Loss)                           |   | $                                     | (86,875   | ) | $ | 95,814 |   |
|                                                             |   |                                  |      |   |   |   |   |
| Basic                Earnings (Loss) Per Share                   |   | $                                     | (0.02     | ) | $ | 0.02 |   |
|                                                             |   |                                  |      |   |   |   |   |
| Weighted                Average Number of Common                 |   |                                  |      |   |   |   |   |
| Shares                Outstanding                                |   |                                  | 3,960,730 |   |   | 3,960,730 |   |

----

**STATEMENTS      OF CASH FLOWS**

** **
**(UNAUDITED**
**)**

|                                                                  |   | **SIX                MONTHS ENDED** |     |
|-----------------------------------------------------------------------|--------|-------------------------------------|----------|
|                                                                  |   | **June                30**          |     |
|                                                                  |   | **2008**                            |     | **2007** |   |
| Cash                Flows From Operating Activities:                  |   |                                |     |   |   |
| Net                Income (Loss)                                      |   | $                                   | (160,597 | ) | $ | 64,667 |   |
|                                                                  |   |                                |     |   |   |   |   |
| Adjustments                to reconcile net income to net cash        |   |                                |     |   |   |   |   |
| Provided                by operating activities:                      |   |                                |     |   |   |   |   |
| Depreciation                and amortization                          |   |                                | 1,202    |   |   | 1,170 |   |
| Changes                in operating assets and liabilities:           |   |                                |     |   |   |   |   |
| Decrease                in accounts receivable                        |   |                                | 9,529    |   |   | 31,282 |   |
| Decrease                in inventories                                |   |                                | 16,227   |   |   | 8,301 |   |
| (Increase)                Decrease in commission advances             |   |                                | (900     | ) |   | 46,308 |   |
| (Increase)                Decrease in other assets                    |   |                                | (473     | ) |   | 17,189 |   |
| (Decrease)                in accounts payable and accrued liabilities |   |                                | (20,409  | ) |   | (38,528 | ) |
| (Decrease)                Increase in income taxes                    |   |                                | (1,055   | ) |   | (1,600 | ) |
|                                                                  |   |                                |     |   |   |   |   |
| Total                adjustments                                      |   |                                | (4,121   | ) |   | 64,122 |   |
|                                                                  |   |                                |     |   |   |   |   |
| Net                cash provided (used) by operating activities       |   |                                | (156,476 | ) |   | 128,789 |   |
|                                                                  |   |                                |     |   |   |   |   |
|                                                                  |   |                                |     |   |   |  |   |
|                                                                  |   |                                |     |   |   |   |   |
| Financing                activities:                                  |   |                                |     |   |   |   |   |
| (Decrease)                Increase in amounts due officer             |   |                                | 99,942   |   |   | (190,935 | ) |
| Increase                in Loans Payable                              |   |                                | -        |   |   | 94,563 |   |
| Net                cash provided (used in) Financing activities       |   |                                | 99,942   |   |   | (96,372 | ) |

----

**STATEMENTS      OF CASH FLOWS (CONTINUED)**

**(UNAUDITED**
**)**

|                                           |   | **SIX                MONTHS ENDED** |    |
|------------------------------------------------|--------|-------------------------------------|---------|
|                                           |   | **June                30**          |    |
|                                           |   | 2008                                |    | 2007 |   |
| Net                Increase (Decrease) in cash |   |                                |    |   |   |
| And                cash equivalents            |   |                                | (56,534 | ) |   | 32,417 |   |
| Cash                and cash equivalents -     |   |                                |    |   |   |   |   |
| Beginning                of Period             |   |                                | 172,936 |   |   | 312,027 |   |
| Cash                and cash equivalents -     |   |                                |    |   |   |   |   |
| End                of Period                   |   | $                                   | 116,402 |   | $ | 34,444 |   |
|                                           |   |                                |    |   |   |   |   |
|                                           |   |                                |    |   |   |   |   |
| Cash                paid during the years for: |   |                                |    |   |   |   |   |
| Interest                                       |   |                                | 210     |   | $ | 6,976 |   |
| Taxes                                          |   |                                | -       |   |   | 2,179 |   |

----

| 1. | Basis                of presentation |
|----|--------------------------------------|

| 2. | Significant                Accounting Policies |
|----|------------------------------------------------|

|                                               |   | June                  302008 |              | December.                  312007 |   |
|----------------------------------------------------|--------|------------------------------|-------------------|-----------------------------------|--------|
|                                               |   |                         | (unaudited)  |                              |   | (audited)  |   |
| Parts,                components and subassemblies |   | $                            | 207,983           |                              | $      | 212,438 |   |
| Finished                goods                      |   |                         | 207,833           |                              |   | 211,185 |   |
| Total                Inventories                   |   | $                            | 407,396           |                              | $      | 423,623 |   |

----

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

----

----

**Item      4. Controls and Procedures**

----

**PART      II - OTHER INFORMATION**

**Item      1. Legal Proceedings**

**Item      2. Unregistered Sales of Equity Securities and Use of      Proceeds**

**Item      3. Defaults Upon Senior Securities**

**Item      4. Submission of Matters to a Vote of Security Holders**

----

**Item      5. Other Information**

**Item      6. Exhibits**

| 3.1 | Certificate                of Incorporation of Diapulse Corporation of America, filed October 2,                1957. (1) |
|-----|--------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Amendment                to Certificate of Incorporation, filed October 16, 1959.                (1) |
|-----|-----------------------------------------------------------------------------------------------------------|

| 3.3 | Amendment                to Certificate of Incorporation, filed December 20, 1961.                (1) |
|-----|------------------------------------------------------------------------------------------------------------|

| 3.4 | Amendment                to Certificate of Incorporation, filed June 13, 1990.                (1) |
|-----|--------------------------------------------------------------------------------------------------------|

| 3.5 | Amendment                    to Certificate of Incorporation, filed July 12, 1994.                    (1) |
|-----|----------------------------------------------------------------------------------------------------------------|

| 4.1 | Form                    of Stock Certificate of Diapulse Corporation of America.                    (1) |
|-----|---------------------------------------------------------------------------------------------------------|

| 31 | Rule 13a-14(a)/15d-14(a)                Certification. |
|----|-------------------------------------------------------------|

| 32 | CEO/CFO                Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant                to                Section 906 of the Sarbanes-Oxley Act of                2002. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

|                                    |                                                   |                                |
|-----------------------------------------|--------------------------------------------------------|-------------------------------------|
|                                    | DIAPULSE              CORPORATION OF AMERICARegistrant |
|                               |                                              |                           |
| Date: August              12, 2008 | By:                                          | /s/ David              M. Ross |
|                                    |  David              M. Ross, President            |

----

**EXHIBIT      INDEX**

| 3.1 | Certificate                of Incorporation of Diapulse Corporation of America, filed October 2,                1957. (1) |
|-----|--------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Amendment                to Certificate of Incorporation, filed October 16, 1959.                (1) |
|-----|-----------------------------------------------------------------------------------------------------------|

| 3.3 | Amendment                to Certificate of Incorporation, filed December 20, 1961.                (1) |
|-----|------------------------------------------------------------------------------------------------------------|

| 3.4 | Amendment                    to Certificate of Incorporation, filed June 13, 1990.                    (1) |
|-----|----------------------------------------------------------------------------------------------------------------|

| 3.5 | Amendment                    to Certificate of Incorporation, filed July 12, 1994.                    (1) |
|-----|----------------------------------------------------------------------------------------------------------------|

| 4.1 | Form                of Stock Certificate of Diapulse Corporation of America.                (1) |
|-----|-------------------------------------------------------------------------------------------------|

| 31 | Rule 13a-14(a)/15d-14(a)                Certification. |
|----|-------------------------------------------------------------|

| 32 | CEO/CFO                  Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant                  to                  Section 906 of the Sarbanes-Oxley Act of                  2002. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----