**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB**

**Diapulse      Corporation of America**

| Delaware(State                    or other jurisdiction of incorporation                    of organization) | 13-5671991(I.R.S.                    Employer Identification                    Number) |
|-------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|

| 475                  Northern Boulevard                                                              |                              |
|------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------|
| Great                  Neck, New York 11021(Address                  of principal executive offices) | 516-466-3030(Issuer’s                  telephone number)  |

** **

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**DIAPULSE      CORPORATION OF AMERICA**

**INDEX      TO FORM 10-QSB**

| **PART                  I. FINANCIAL INFORMATION**         |
|------------------------------------------------------------|
|                                                       |
| ITEM                  1.                                   | FINANCIAL                  STATEMENTS |   |
|                                                       |   |   |
|                                                       | BALANCE                  SHEETS (UNAUDITED) |   |
|                                                       | September                  30, 2007 | 3                  -                  4 |
|                                                       |   |   |
|                                                       | STATEMENTS                  OF OPERATIONS (UNAUDITED) |   |
|                                                       | Nine                  Months ended September 30, 2007 | 5 |
|                                                       | Three                  Months ended September 30, 2007 | 6 |
|                                                       |   |   |
|                                                       | STATEMENTS                  OF CASH FLOWS (UNAUDITED) |   |
|                                                       | Nine                  Months ended September 30, 2007 | 7                  -                  8 |
|                                                       |   |   |
|                                                            | NOTES                  TO UNAUDITED FINANCIAL STATEMENTS | 9                  -10 |
|                                                       |   |   |
| ITEM                  2.                                   | MANAGEMENT’S                  DISCUSSION AND ANALYSIS |   |
|                                                       | OR                  PLAN OF OPERATION | 11-12 |
|                                                       |   |   |
| ITEM                  3A(T)                                | CONTROLS                AND                PROCEDURES | 13 |
|                                                       |   |   |
| **PART                  II. OTHER INFORMATION**            |   |
|                                                       |   |   |
| ITEM                  1.                                   | LEGAL                  PROCEEDINGS | 14 |
|                                                       |   |   |
| ITEM                  2.                                   | UNREGISTERED                  SALES OF EQUITY SECURITIES |   |
|                                                       | AND                  USE OF PROCEEDS | 14 |
|                                                       |   |   |
| ITEM                  3.                                   | DEFAULTS                  UPON SENIOR SECURITIES | 14 |
|                                                       |   |   |
| ITEM                  4.                                   | SUBMISSION                  OF MATTERS TO A VOTE OF SECURITY HOLDERS | 14 |
|                                                       |   |   |
| ITEM                  5.                                   | OTHER                  INFORMATION | 14 |
|                                                       |   |   |
| ITEM                  6.                                   | EXHIBITS | 14 |
|                                                       |   |   |
| **SIGNATURES**                                             |
|                                                       |   |   |
| SIGNATURE                  PAGE                            | 15 |
|                                                       |   |   |
| EXHIBIT                  INDEX                             | 16 |
|                                                       |   |
| CERTIFICATIONS                  OF CHIEF EXECUTIVE OFFICER |  |

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**DIAPULSE      CORPORATION OF AMERICA**

**BALANCE      SHEETS**

|                                                                |   | September                30, 2007 |    | Dec.                31, 2006 |   |
|---------------------------------------------------------------------|--------|-----------------------------------|---------|------------------------------|--------|
|                                                                |   |  Unaudited                   |    | Audited                 |   |
| Assets                                                              |   |                              |    |                         |   |
| Current                Assets:                                      |   |                              |    |                         |   |
| Cash                and cash equivalents                            |   | $                                 | 317,696 |                         | $      | 312,027 |   |
| Current                portion of accounts receivable, net of       |   |                              |    |                         |   |   |   |
| Allowance                for doubtful accounts of $238,814 at       |   |                              |    |                         |   |   |   |
| September                30, 2007 and $249,990 at December 31, 2006 |   |                              | 28,581  |                         |   | 76,438 |   |
| Inventories                                                         |   |                              | 393,777 |                         |   | 402,078 |   |
| Commission                advances                                  |   |                              | 22,738  |                         |   | 69,493 |   |
| Other                current assets                                 |   |                              | 15,836  |                         |   | 14,586 |   |
|                                                                |   |                              |    |                         |   |   |   |
| Total                current assets                                 |   |                              | 778,628 |                         |   | 874,622 |   |
|                                                                |   |                              |    |                         |   |   |   |
| Property                and equipment, net                          |   |                              | 6,349   |                         |   | 6,203 |   |
|                                                                |   |                              |    |                         |   |   |   |
| Other                assets:                                        |   |                              |    |                         |   |   |   |
| Accounts                receivable, net of current portion          |   |                              | 70,278  |                         |   | 73,514 |   |
| Commission                advances to related parties               |   |                              | 36,580  |                         |   | 40,167 |   |
| Security                deposits                                    |   |                              | 9,763   |                         |   | 24,079 |   |
|                                                                |   |                              |    |                         |   |   |   |
| Total                other assets                                   |   |                              | 116,621 |                         |   | 137,760 |   |
|                                                                |   |                              |    |                         |   |   |   |
| Total                Assets                                         |   | $                                 | 901,598 |                         | $      | 1,018,585 |   |

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**DIAPULSE      CORPORATION OF AMERICA**

**BALANCE      SHEETS**

| Liabilities                and Stockholder's Equity (Deficiency)                                                                     |   |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                 |   |
|                                                                                                                                 |   | September                30, 2007 |   | Dec.                31, 2006 |   |
|                                                                                                                                 |   | Unaudited |   | Audited |   |
|                                                                                                                                 |   |   |   |   |   |
| Current                Liabilities:                                                                                                  |   |   |   |   |   |
| Accounts                payable and accrued liabilities including                                                                    |   |   |   |   |   |
| $71,518                at September 30, 2007 and $69,199 at                                                                          |   |   |   |   |   |
| December                31, 2006 to related parties                                                                                  |   | $ | 137,760 |   | $ | 175,863 |   |
| Accrued                income taxes                                                                                                  |   |   | 155 |   |   | 2,555 |   |
| Loan                payable                                                                                                          |   |   | 137,022 |   |   | 44,797 |   |
| Total                current liabilities                                                                                             |   |   | 274,937 |   |   | 223,215 |   |
|                                                                                                                                 |   |   |   |   |   |   |   |
|  Long-term                portion of amounts due to officer/stockholder                                                         |   |   | 3,276,619 |   |   | 3,467,816 |   |
|                                                                                                                                 |   |   |   |   |   |   |   |
| Total                Liabilities                                                                                                     |   |   | 3,551,556 |   |   | 3,691,031 |   |
|                                                                                                                                 |   |   |   |   |   |   |   |
| Stockholders'                equity:                                                                                                 |   |   |   |   |   |   |   |
| Common                stock - $.025 par value:                                                                                       |   |   |   |   |   |   |   |
| Authorized                15,000,000 shares, issued 3,962,058 shares                                                                 |   |   |   |   |   |   |   |
| as                at September 30, 2007 and December 31, 2006                                                                        |   |   | 99,051 |   |   | 99,051 |   |
| Additional                paid-in capital                                                                                            |   |   | 2,293,272 |   |   | 2,293,272 |   |
| Accumulated                deficit                                                                                                   |   |   | (5,039,953 | ) |   | (5,062,441 | ) |
|                                                                                                                                 |   |   | (2,647,630 | ) |   | (2,670,118 | ) |
|                                                                                                                                 |   |   |   |   |   |   |   |
| Less                treasury stock 1,328 shares as at September 30, 2007 and December                31, 2006                at cost |   |   | (2,328 | ) |   | (2,328 | ) |
|                                                                                                                                 |   |   |   |   |   |   |   |
| Total                stockholders' equity (Deficiency)                                                                               |   |   | (2,649,958 | ) |   | (2,672,446 | ) |
|                                                                                                                                 |   |   |   |   |   |   |   |
| Total                liabilities and stockholders' equity (Deficiency)                                                               |   | $ | 901,598 |   | $ | 1,018,585 |   |

----

**DIAPULSE      CORPORATION OF AMERICA**

**STATEMENTS      OF OPERATIONS**

**(UNAUDITED)**

|                                                             |   | **NINE                MONTHS ENDED**  |      |
|------------------------------------------------------------------|--------|--------------------------------------------|-----------|
|                                                             |   | **September                30**            |      |
|                                                             |   | **2007**                                   |      | **2006** |   |
|                                                             |   |                                       |      |   |   |
| Net                Sales and rentals                             |   | $                                          | 570,192   |   | $ | 825,245 |   |
|                                                             |   |                                       |      |   |   |   |   |
| Cost                of sales and rentals                         |   |                                       | 86,016    |   |   | 81,963 |   |
|                                                             |   |                                       |      |   |   |   |   |
| Gross                Margin                                      |   |                                       | 484,176   |   |   | 743,282 |   |
|                                                             |   |                                       |      |   |   |   |   |
| Operating                Expenses:                               |   |                                       |      |   |   |   |   |
| Selling,                general and administrative               |   |                                       | 432,836   |   |   | 572,701 |   |
| Interest                expense (principally to related parties) |   |                                       | 44,926    |   |   | 211,254 |   |
|                                                             |   |                                       |      |   |   |   |   |
| Total                Operating Expenses                          |   |                                       | 477,762   |   |   | 783,955 |   |
|                                                             |   |                                       |      |   |   |   |   |
| Net                Operating Income (Loss)                       |   |                                       | 6,414     |   |   | (40,673 | ) |
| Interest                and other income                         |   |                                       | 16,122    |   |   | 36,381 |   |
|                                                             |   |                                       |      |   |   |   |   |
| Income                (Loss) before Provision for Income Taxes   |   |                                       | 22,536    |   |   | (4,292 | ) |
| Provision                for Income Taxes                        |   |                                       | 48        |   |   | 60,804 |   |
| Net                Income (Loss)                                 |        | $                                          | 22,488    |  | $ | (65,096) |   |
|                                                             |   |                                       |      |   |   |   |   |
| Basic                Earnings (Loss) Per Share                   |   | $                                          | 0.01      |  | $ | (0.02)  |   |
|                                                             |   |                                       |      |   |   |   |   |
| Weighted                Average Number of Common                 |   |                                       |      |   |   |   |   |
| Shares                Outstanding                                |   |                                       | 3,960,730 |   |   | 3,960,730 |   |

----

**STATEMENTS      OF OPERATIONS**

**(UNAUDITED)**

|                                                             |   |   | **THREE                MONTHS ENDED**  |   |
|------------------------------------------------------------------|--------|--------|---------------------------------------------|--------|
|                                                             |   |   | **September                30**        |   |
|                                                             |   |   | **2007**                               |   |   | **2006**  |   |
| Net                Sales and rentals                             |   | $      | 106,487                                     |   | $ | 239,225 |   |
|                                                             |   |   |                                        |   |   |   |   |
| Cost                of sales and rentals                         |   |   | 24,481                                      |   |   | 33,334 |   |
|                                                             |   |   |                                        |   |   |   |   |
| Gross                Margin                                      |   |   | 82,006                                      |   |   | 205,891 |   |
|                                                             |   |   |                                        |   |   |   |   |
| Operating                Expenses:                               |   |   |                                        |   |   |   |   |
| Selling,                general and administrative               |   |   | 115,429                                     |   |   | 195,553 |   |
| Interest                expense (principally to related parties) |   |   | 14,348                                      |   |   | 75,691 |   |
|                                                             |   |   |                                        |   |   |   |   |
| Totaling                Operating Expenses                       |   |   | 129,777                                     |   |   | 271,244 |   |
|                                                             |   |   |                                        |   |   |   |   |
| Net                Operating (Loss)                              |   |   | (47,771                                     | )      |   | (65,353 | ) |
| Interest                and other income                         |   |   | 5,061                                       |   |   | 2,982 |   |
|                                                             |   |   |                                        |   |   |   |   |
| (Loss)                before Provision for Income Taxes          |   |   | (42,710                                     | )      |   | (62,371 | ) |
| Provision                for Income Taxes                        |   |   | (531                                        | )      |   | - |   |
| Net                (Loss)                                        |   | $      | (42,179                                     | )      | $ | (62,371 | ) |
|                                                             |   |   |                                        |   |   |   |   |
| Basic                Earnings (Loss) per Share                   |   | $      | (0.01                                       | )      | $ | (                0.02 | ) |
|                                                             |   |   |                                        |   |   |   |   |
| Weighted                Average Number of Common                 |   |   |                                        |   |   |   |   |
| Shares                Outstanding                                |   |   | 3,960,730                                   |   |   | 3,960,730 |   |

----

**STATEMENTS      OF CASH FLOWS**

**(UNAUDITED**
**)**

|                                                                  |   |   | **NINE                MONTHS ENDED** |   |
|-----------------------------------------------------------------------|--------|--------|--------------------------------------|--------|
|                                                                  |   |   | **September                30**      |   |
|                                                                  |   |   | **2007**                             |   |   | **2006** |   |
| Cash                  Flows From Operating Activities:                |   |   |                                 |   |   |   |   |
| Net                Income (Loss)                                      |        | $      | 22,488                          |        | $ | (65,096  | )  |
|                                                                  |   |   |                                 |   |   |   |   |
| Adjustments                to reconcile net income to net cash        |   |   |                                 |   |   |   |   |
| Provided                by operating activities:                      |   |   |                                 |   |   |   |   |
| Depreciation                and amortization                          |   |   | 1,755                                |   |   | 6,093 |   |
| Changes                in operating assets and liabilities:           |   |   |                                 |   |   |   |   |
| (Increase)                Decrease in accounts receivable             |   |   | 51,093                               |   |   | (55,716 | ) |
| (Increase)                Decrease in inventories                     |   |   | 8,301                                |   |   | (35,828 | ) |
| (Increase)                Decrease in commission advances             |   |   | 50,342                               |   |   | (36,595 | ) |
| (Increase)                Decrease in other assets                    |   |   | 13,066                               |   |   | (4,197 | ) |
| (Decrease)                in accounts payable and accrued liabilities |   |   | (38,103                              | )      |   | (56,906 | ) |
| (Decrease)                Increase in income taxes                    |   |   | (2,400                               | )      |   | 68,024 |   |
|                                                                  |   |   |                                 |   |   |   |   |
| Total                adjustments                                      |   |   | 84,054                               |   |   | (115,125 | ) |
|                                                                  |   |   |                                 |   |   |   |   |
| Net                cash provided (used) by operating activities       |   |   | 106,542                              |   |   | (180,221 | ) |
|                                                                  |   |   |                                 |   |   |   |   |
| Net                cash (used in) investing activities:               |   |   | (1,901                               | )      |   | - |   |
| Capital                Expenditures                                   |   |   |                                 |   |   |   |   |
| Financing                activities:                                  |   |   |                                 |   |   |   |   |
| (Decrease)                Increase in amounts due officer             |   |   | (191,197                             | )      |   | 317,753 |   |
| (Decrease)                Increase in loans payable                   |   |   | 92,225                               |   |   | (200,051 | ) |
| Net                cash provided by (used in) Financing activities    |   |   | (98,972                              | )      |   | 117,702 |   |

----

**STATEMENTS      OF CASH FLOWS (CONTINUED)**

**(UNAUDITED**
**)**

|                                           |   |   | **NINE                MONTHS ENDED**  |   |
|------------------------------------------------|--------|--------|---------------------------------------|--------|
|                                           |   |   | **September                30**  |   |
|                                           |   |   | 2007                                  |   |   | 2006 |   |
| Net                (Decrease) Increase in cash |   |   |                                  |   |   |   |   |
| And                cash equivalents            |   |   | 5,669                                 |   |   | (62,519 | ) |
| Cash                and cash equivalents -     |   |   |                                  |   |   |   |   |
| Beginning                of Period             |   |   | 312,027                               |   |   | 479,794 |   |
| Cash                and cash equivalents -     |   |   |                                  |   |   |   |   |
| End                of Period                   |   | $      | 317,696                               |   | $ | 417,275 |   |
|                                           |   |   |                                  |   |   |   |   |
| Cash                paid during the years for: |   |   |                                  |   |   |   |   |
| Interest                                       |   | $      | 9,516                                 |   | $ | 1,494 |   |
| Taxes                                          |   |   | 2,179                                 |   |   | - |   |

----

|                                               |   | September                302007 |    | December.                31 2006 |   |
|----------------------------------------------------|--------|---------------------------------|---------|----------------------------------|--------|
|                                                    |   | (unaudited)                     |    |                             |   |
|                                               |   |                            |    |                             |   |
| Parts,                components and subassemblies |   | $                               | 276,812 |                             | $      | 275,040 |   |
| Finished                goods                      |   |                            | 116,965 |                             |   | 127,038 |   |
| Total                Inventories                   |   | $                               | 393,777 |                             | $      | 402,078 |   |

----

| Year   |   | Amount |    |
|--------|--------|--------|---------|
| 2007   |   | $      | 23,007  |   |
| 2008   |   |   | 40,359  |   |
| 2009   |   |   | 41,773  |   |
| 2010   |   |   | 43,235  |   |
| 2011   |   |   | 44,748  |   |
| 2012   |   |   | 15,086  |   |
| Total: |   | $      | 208,208 |   |

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**DIAPULSE      CORPORATION OF AMERICA**

**ITEM      2 - MANAGEMENT’S DISCUSSION AND ANALYSIS**

**OR      PLAN OF OPERATION**

----

**DIAPULSE      CORPORATION OF AMERICA**

**ITEM      2 - MANAGEMENT’S DISCUSSION AND ANALYSIS**

**OR      PLAN OF OPERATION**

----

**DIAPULSE      CORPORATION OF AMERICA**

**ITEM      3A(T) - CONTROLS AND PROCEDURES**

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**DIAPULSE      CORPORATION OF AMERICA**

**PART      II - OTHER INFORMATION**

| 31.   | Rule                13a-14(a) Certification |
|-----------------|---------------------------------------------|

| 32.   | Section                1350 Certification |
|-----------------|-------------------------------------------|

----

|         |                                                                      |                                             |
|--------------|---------------------------------------------------------------------------|--------------------------------------------------|
|         | DIAPULSE              CORPORATION OF AMERICA                              |
|    | Registrant                                                                |
|         |                                                                      |
|         |                                                                      |
|         | By                                               | /s/ David              M.              Ross |
|         | David M. Ross, President Date: November                14, 2007 |

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**EXHIBIT      INDEX**

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