**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                                                       |   |
|   | For                the quarterly period ended March 31, 2008                                         |   |
|   |                                                                                                 |   |
| o      | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF                                  |   |
|   | THE                SECURITIES EXCHANGE ACT                                                           |   |
|   | For                the transition period from ________________ to                ___________________ |   |

**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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| Large accelerated filer | o | Accelerated filer              | o |
|-----------------------------------|---|-------------------------------------|---|
| Non-accelerated filer        | o | Smaller reporting company | x |

** **

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**DIAPULSE      CORPORATION OF AMERICA**

**INDEX      TO FORM 10-Q**

| PART                I - FINANCIAL INFORMATION            |
|----------------------------------------------------------|
|                                                     |
|                                                     | Item                1. | Financial                Statements |   |
|                                                     |   |   |   |
|                                                     |   | BALANCE                SHEETS (UNAUDITED) March 31, 2008 | 3                -                4 |
|                                                     |   |   |   |
|                                                     |   | STATEMENTS                OF OPERATIONS (UNAUDITED) Three Months ended March 31,                2008 | 5 |
|                                                     |   |   |   |
|                                                     |   | STATEMENTS                OF CASH FLOWS (UNAUDITED) Three Months ended March 31,                2008 | 6                -                7 |
|                                                     |   |   |   |
|                                                     |   | NOTES                TO UNAUDITED FINANCIAL STATEMENTS | 8 |
|                                                     |   |   |   |
|                                                     | Item                2. | Management’s                Discussion and Analysis of Financial Condition and Results of                Operations | 9 -                10 |
|                                                     |   |   |   |
|                                                     | Item                4. | Controls                and Procedures | 10 |
|                                                     |   |   |   |
| PART                II - OTHER INFORMATION               |
|                                                     |   |   |   |
|                                                     | Item                1. | Legal                Proceedings | 11 |
|                                                     |   |   |   |
|                                                     | Item                2. | Unregistered                Sales of Equity Securities and Use of Proceeds | 11 |
|                                                     |   |   |   |
|                                                     | Item                3. | Defaults                Upon Senior Securities | 11 |
|                                                     |   |   |   |
|                                                     | Item                4. | Submission                of Matters to a Vote of Security Holders | 11 |
|                                                     |   |   |   |
|                                                     | Item                5. | Other                Information | 12 |
|                                                     |   |   |   |
|                                                     | Item                6. | Exhibits | 12 |
|                                      |
| SIGNATURES                                               | 13 |
|                                                     |   |
| EXHIBIT                INDEX                             | 14 |
|                                                     |   |
| CERTIFICATIONS                OF CHIEF EXECUTIVE OFFICER |   |

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**PART      I – FINANCIAL INFORMATION**

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

**DIAPULSE      CORPORATION OF AMERICA**

**BALANCE      SHEETS**

|                                                                                                                                                                                                        |   | March 31, 2008Unaudited |    | Dec. 31, 2007Audited |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|---------|--------------------------------|--------|
| Assets                                                                                                                                                                                                      |   |                              |    |                           |   |   |   |
| Current                Assets:                                                                                                                                                                              |   |                              |    |                           |   |   |   |
| Cash                and cash equivalents                                                                                                                                                                    |   | $                                 | 147,932 |                           | $      | 172,936 |   |
| Current                portion of accounts receivable, net of Allowance for doubtful accounts                of                $276,530 at March 31, 2008 and December 31, 2007                respectively |   |                              | 7,528   |                           |   | 14,160 |   |
| Inventories                                                                                                                                                                                                 |   |                              | 407,246 |                           |   | 423,623 |   |
| Commission                advances                                                                                                                                                                          |   |                              | 660     |                           |   | - |   |
| Other                current assets                                                                                                                                                                         |   |                              | 14,343  |                           |   | 11,510 |   |
|                                                                                                                                                                                                        |   |                              |    |                           |   |   |   |
| Total                current assets                                                                                                                                                                         |   |                              | 577,709 |                           |   | 622,229 |   |
|                                                                                                                                                                                                        |   |                              |    |                           |   |   |   |
| Property                and equipment, net                                                                                                                                                                  |   |                              | 4,957   |                           |   | 5,574 |   |
|                                                                                                                                                                                                        |   |                              |    |                           |   |   |   |
|                                                                                                                                                                                                        |   |                              |    |                           |   |   |   |
| Other                assets:                                                                                                                                                                                |   |                              |    |                           |   |   |   |
| Accounts                receivable, net of current portion                                                                                                                                                  |   |                              | 55,247  |                           |   | 55,247 |   |
|                                                                                                                                                                                                        |   |                              |    |                           |   |   |   |
| Security                deposits                                                                                                                                                                            |   |                              | 9,763   |                           |   | 9,763 |   |
|                                                                                                                                                                                                        |   |                              |    |                           |   |   |   |
| Total                other assets                                                                                                                                                                           |   |                              | 65,010  |                           |   | 65,010 |   |
|                                                                                                                                                                                                        |   |                              |    |                           |   |   |   |
| Total                Assets                                                                                                                                                                                 |   | $                                 | 647,676 |                           | $      | 692,813 |   |

----

**DIAPULSE      CORPORATION OF AMERICA**

**BALANCE      SHEETS**

|                                                                                                                                                                          |   | March 31, 2008Unaudited |       | Dec. 31, 2007Audited |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|------------|--------------------------------|--------|
|                                                                                                                                                                          |   |                              |       |                           |   |
| Current                Liabilities:                                                                                                                                           |   |                              |       |                           |   |   |   |
| Accounts                payable and accrued liabilities including $74,379 at March 31, 2008                and                $73,054 at December 31, 2007 to related parties |   | $                                 | 191,531    |                           | $      | 216,096 |   |
| Accrued                income taxes                                                                                                                                           |   |                              | -          |                           |   | 1,055 |   |
|                                                                                                                                                                          |   |                              |       |                           |   |  |   |
| Total                current liabilities                                                                                                                                      |   |                              | 191,531    |                           |   | 217,151 |   |
|                                                                                                                                                                          |   |                              |       |                           |   |   |   |
|  Long-term                portion of amounts due estate of former                officer/stockholder                                                                     |   |                              | 3,324,350  |                           |   | 3,270,145 |   |
|                                                                                                                                                                          |   |                              |       |                           |   |   |   |
| Total                Liabilities                                                                                                                                              |   |                              | 3,515,881  |                           |   | 3,487,296 |   |
|                                                                                                                                                                          |   |                              |       |                           |   |   |   |
| Stockholders'                equity:                                                                                                                                          |   |                              |       |                           |   |   |   |
| Common                stock - $.025 par value:                                                                                                                                |   |                              |       |                           |   |   |   |
| Authorized                15,000,000 shares, issued 3,962,058 shares as at March 31, 2008 and                December 31, 2007                                                |   |                              | 99,051     |                           |   | 99,051 |   |
| Additional                paid-in capital                                                                                                                                     |   |                              | 2,293,272  |                           |   | 2,293,272 |   |
| Accumulated                deficit                                                                                                                                            |   |                              | (5,258,200 | )                              |   | (5,184,478 | ) |
|                                                                                                                                                                          |   |                              | (2,865,877 | )                              |   | (2,792,155 | ) |
|                                                                                                                                                                          |   |                              |       |                           |   |   |   |
| Less                treasury stock 1,328 shares as at March 31, 2008 and December 31,                2007 at                cost                                              |   |                              | (2,328     | )                              |   | (2,328 | ) |
|                                                                                                                                                                          |   |                              |       |                           |   |   |   |
| Total                stockholders' equity (Deficiency)                                                                                                                        |   |                              | (2,868,205 | )                              |   | (2,794,483 | ) |
|                                                                                                                                                                          |   |                              |       |                           |   |   |   |
| Total                liabilities and stockholders' equity (Deficiency)                                                                                                        |   | $                                 | 647,676    |                           | $      | 692,813 |   |

----

**DIAPULSE      CORPORATION OF AMERICA**

**STATEMENTS      OF OPERATIONS**

**(UNAUDITED)**

|                                                             |   | **THREE MONTHS ENDED** |      |
|------------------------------------------------------------------|--------|----------------------------------|-----------|
|                                                             |   | **March 31**                |      |
|                                                             |   | **2008**                         |      | **2007** |   |
|                                                             |   |                             |      |   |   |
| Net                Sales and rentals                             |   | $                                | 85,346    |   | $ | 118,020 |   |
|                                                             |   |                             |      |   |   |   |   |
| Cost                of sales and rentals                         |   |                             | 27,663    |   |   | 33,422 |   |
|                                                             |   |                             |      |   |   |   |   |
| Gross                Margin                                      |   |                             | 57,683    |   |   | 84,598 |   |
|                                                             |   |                             |      |   |   |   |   |
| Operating                Expenses:                               |   |                             |      |   |   |   |   |
| Selling,                general and administrative               |   |                             | 80,137    |   |   | 103,843 |   |
| Interest                expense (principally to related parties) |   |                             | 59,452    |   |   | 13,900 |   |
|                                                             |   |                             |      |   |   |   |   |
| Total                Operating Expenses                          |   |                             | 139,589   |   |   | 117,743 |   |
|                                                             |   |                             |      |   |   |   |   |
| Net                Operating (Loss)                              |   |                             | (81,906   | ) |   | (33,145 | ) |
| Interest                and other income                         |   |                             | 8,184     |   |   | 3,003 |   |
|                                                             |   |                             |      |   |   |   |   |
| (Loss)                before Provision for Income Taxes          |   |                             | (73,722   | ) |   | (30,142 | ) |
| Provision                for Income Taxes                        |   |                             | -         |   |   | 1,005 |   |
|  Net                (Loss)                                  |        | $                                | (73,722)  |   | $ | (31,147) |   |
|                                                             |   |                             |      |   |   |   |   |
| Basic                (Loss) Per Share                            |   | $                                | (0.02)    |   | $ | (0.01) |   |
|                                                             |   |                             |      |   |   |   |   |
| Weighted                Average Number of Common                 |   |                             |      |   |   |   |   |
| Shares                Outstanding                                |   |                             | 3,960,730 |   |   | 3,960,730 |   |

----

**STATEMENTS      OF CASH FLOWS**

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

|                                                                  |   | **THREE MONTHS ENDED** |    |
|-----------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                  |   | **March                31**      |    |
|                                                                  |   |                             |    |
|                                                                  |   | **2008**                         |    | **2007** |   |
| Cash                Flows From Operating Activities:                  |   |                             |    |   |   |   |   |
| Net                (Loss)                                             |   | $                                | (73,722 | ) | $ | (31,147 | ) |
|                                                                  |   |                             |    |   |   |   |   |
| Adjustments                to reconcile net income to net cash        |   |                             |    |   |   |   |   |
| Provided                by operating activities:                      |   |                             |    |   |   |   |   |
| Depreciation                and amortization                          |   |                             | 617     |   |   | 585 |   |
| Changes                in operating assets and liabilities:           |   |                             |    |   |   |   |   |
| (Increase)                Decrease in accounts receivable             |   |                             | 6,632   |   |   | (48,235 | ) |
| (Increase)                Decrease in inventories                     |   |                             | 16,377  |   |   | 9,907 |   |
| (Increase)                Decrease in commission advances             |   |                             | (660    | ) |   | (701 | ) |
| (Increase)                Decrease in other assets                    |   |                             | (2,833  | ) |   | 21,254 |   |
| (Decrease)                in accounts payable and accrued liabilities |   |                             | (24,565 | ) |   | (8,826 | ) |
| (Decrease)                Increase in income taxes                    |   |                             | (1,055  | ) |   | - |   |
| (Decrease)                Increase in loans payable                   |   |                             | -       |   |   | 56,953 |   |
| Total                adjustments                                      |   |                             | (5,487  | ) |   | 30,937 |   |
|                                                                  |   |                             |    |   |   |   |   |
| Net                cash provided (used) by operating activities       |   |                             | (79,209 | ) |   | (210 | ) |
|                                                                  |   |                             |    |   |   |   |   |
| Net                cash (used in) investing activities:               |   |                             | -       |   |   | - |   |
| Capital                Expenditures                                   |   |                             |    |   |   |   |   |
| Financing                activities:                                  |   |                             |    |   |   |   |   |
| (Decrease)                Increase in amounts due officer             |   |                             | 54,205  |   |   | (199,547 | ) |
|                                                                  |   |                             |    |   |   |   |   |
| Net                cash (used in) Financing activities                |   |                             | 54,205  |   |   | (199,757 | ) |

----

**STATEMENTS      OF CASH FLOWS (CONTINUED)**

**(UNAUDITED**
**)**

|                                                       |   | **THREE                MONTHS ENDED** |    |
|------------------------------------------------------------|--------|---------------------------------------|---------|
|                                                       |   | **March                31**           |    |
|                                                       |   | 2008                                  |    | 2007 |   |
| Net                (Decrease) in cash And cash equivalents |   |                                  | (25,004 | ) |   | 199,757 |   |
| Cash                and cash equivalents -                 |   |                                  |    |   |   |   |   |
| Beginning                of Period                         |   |                                  | 172,936 |   |   | 312,027 |   |
| Cash                and cash equivalents -                 |   |                                  |    |   |   |   |   |
| End                of Period                               |   | $                                     | 147,932 |   | $ | 112,270 |   |
|                                                       |   |                                  |    |   |   |   |   |
| Cash                paid during the years for:             |   |                                  |    |   |   |   |   |
| Interest                                                   |   |                                  | -       |   | $ | 2,123 |   |
| Taxes                                                      |   |                                  | -       |   |   | - |   |

----

|                                               |   | March 31   |    | December 31 |   |
|----------------------------------------------------|--------|-----------------|---------|------------------|--------|
|                                               |   | 2008(unaudited) |    | 2007             |   |
|                                               |   |            |    |             |   |
| Parts,                components and subassemblies |   | $               | 199,413 |             | $      | 212,438 |   |
| Finished                goods                      |   |            | 207,833 |             |   | 211,185 |   |
| Total                Inventories                   |   | $               | 407,246 |             | $      | 423,623 |   |

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

----

**Item      4. Controls and Procedures**

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**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**

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**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 AMERICA |
|--------------------------------------------------|
| Registrant                                       |
|                                             |
| By:                                              | /s/                  David M. Ross |
|                                             | David                  M. Ross, President |
|                                             |   |
| Date:                                            | May                  15, 2008 |

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**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. |

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