**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-QSB**

xQUARTERLY      REPORT UNDER      SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE      ACT OF 1934

**American      Resources and Development Company**

| **UTAH**                                                                                            |   | **87-0401400**                                                      |
|-----------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|
| (State                  or other Jurisdiction of of Incorporation or                  Organization) |   | (IRS                  Employer Identification                  No.) |
|                                                                                                |   |                                                                |
| **5891                  Sagewood, Murray, UT**                                                      |   | **84107**                                                           |
| (Address                  of principal executive offices)                                           |   | (Zip                  Code)                                         |

**(801)      230-1030**

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

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**AMERICAN      RESOURCES and DEVELOPMENT COMPANY AND SUBSIDIARIES**

**Report      on Form 10-QSB**

| **PART                  I - FINANCIAL INFORMATION**                                                        |   |
|------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                       |   |
| Item                  1.  Financial                  Statements                                       | 2      |
| Item                  2.  Management's                  Discussion and Analysis or Plan or Operations | 9      |
| Item                  3.  Controls                  and Procedures                                    | 11     |
|                                                                                                       |   |
|                                                                                                       |   |
| **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                                                                 | 11     |
| Item                  6. Exhibits                                                                          | 11     |

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**AMERICAN        RESOURCES AND DEVELOPMENT COMPANY AND SUBSIDIARIES**

|                                                                                                                                                       |   | December                  31, |       | March                  31, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|------------|----------------------------|--------|
|                                                                                                                                                       |   | 2007                          |       | 2007                       |   |
|                                                                                                                                                       |   | (Unaudited)                   |       |                       |   |
| ASSETS                                                                                                                                                     |   |                          |       |                       |   |
|                                                                                                                                                       |   |                          |       |                       |   |
| CURRENT                  ASSETS                                                                                                                            |   |                          |       |                       |   |
|                                                                                                                                                       |   |                          |       |                       |   |
| Cash                                                                                                                                                       |   | $                             | 89,165     |                       | $      | 1,865,852 |   |
| Investments                                                                                                                                                |   |                          | 3,531,924  |                       |   | - |   |
| Notes                  receivable                                                                                                                          |   |                          | -          |                       |   | 1,025,591 |   |
| Notes                  receivable - related parties                                                                                                        |   |                          | 983,122    |                       |   | 200,000 |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| Total                  Current Assets                                                                                                                      |   |                          | 4,604,211  |                       |   | 3,091,443 |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| TOTAL                  ASSETS                                                                                                                              |   | $                             | 4,604,211  |                       | $      | 3,091,443 |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                            |   |                          |       |                       |   |   |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| CURRENT                  LIABILITIES                                                                                                                       |   |                          |       |                       |   |   |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| Accounts                  payable and accrued expenses                                                                                                     |   | $                             | 102,262    |                       | $      | 2,913 |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| Total                  Current Liabilities                                                                                                                 |   |                          | 102,262    |                       |   | 2,913 |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| LONG-TERM                  LIABILITIES                                                                                                                     |   |                          |       |                       |   |   |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| Notes                  payable                                                                                                                             |   |                          | 1,526,514  |                       |   | 1,526,514 |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| Total                  Long Term Liabilities                                                                                                               |   |                          | 1,526,514  |                       |   | 1,526,514 |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| TOTAL                  LIABILITIES                                                                                                                         |   |                          | 1,628,776  |                       |   | 1,529,427 |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| STOCKHOLDERS'                  EQUITY (DEFICIT)                                                                                                            |   |                          |       |                       |   |   |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| Common                  stock; $0.01 par value; 500,000,000 shares authorized; 467,039,666                  shares                  issued and outstanding |   |                          | 467,040    |                       |   | 467,040 |   |
| Additional                  paid-in capital                                                                                                                |   |                          | 11,553,822 |                       |   | 11,553,822 |   |
| Accumulated                  deficit                                                                                                                       |   |                          | (9,045,427 | )                          |   | (10,458,846 | ) |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| Total                  Stockholders' Equity (Deficit)                                                                                                      |   |                          | 2,975,435  |                       |   | 1,562,016 |   |
|                                                                                                                                                       |   |                          |       |                       |   |   |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                      |   | $                             | 4,604,211  |                       | $      | 3,091,443 |   |

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**AMERICAN        RESOURCES AND DEVELOPMENT COMPANY AND SUBSIDIARIES**

|                                                           |   | For the Three Months Ended |        | For the Nine Months Ended |   |
|----------------------------------------------------------------|--------|------------------------------------------------|-------------|-----------------------------------------------|--------|
|                                                           |   | December                  31,                  |        | December                  31,                 |   |
|                                                           |   | 2007                                           |        | 2006                                          |   | 2007 |   | 2006 |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |
| REVENUES                                                       |   |                                           |        |                                          |   |   |   |   |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |
| Real                  estate income                            |   | $                                              | -           |                                          | $      | 166,414 |   | $ | - |   | $ | 374,485 |   |
| Investment                  income                             |   |                                           | 1,506,753   |                                          |   | - |   |   | 1,650,426 |   |   | - |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| Total                  Revenues                                |   |                                           | 1,506,753   |                                          |   | 166,414 |   |   | 1,650,426 |   |   | 374,485 |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| COST                  OF SALES                                 |   |                                           | -           |                                          |   | - |   |   | - |   |   | - |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| GROSS                  PROFIT                                  |   |                                           | 1,506,753   |                                          |   | 166,414 |   |   | 1,650,426 |   |   | 374,485 |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| OPERATING                  EXPENSES                            |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| General                  and administrative                    |   |                                           | 145,562     |                                          |   | 23,801 |   |   | 220,290 |   |   | 145,804 |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| Total                  Operating Expenses                      |   |                                           | 145,562     |                                          |   | 23,801 |   |   | 220,290 |   |   | 145,804 |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| OPERATING                  INCOME (LOSS)                       |   |                                           | 1,361,191   |                                          |   | 142,613 |   |   | 1,430,136 |   |   | 228,681 |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| OTHER                  INCOME (EXPENSES)                       |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| Interest                  expense                              |   |                                           | (91,590     | )                                             |   | (11,114 | ) |   | (118,304 | ) |   | (33,342 | ) |
| Interest                  income                               |   |                                           | 101,231     |                                          |   | 37,376 |   |   | 101,587 |   |   | 37,376 |   |
| Loss                  on disposal of fixed assets              |   |                                           | -           |                                          |   | (27,563 | ) |   | - |   |   | (27,563 | ) |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| Total                  Other Income (Expense)                  |   |                                           | 9,641       |                                          |   | (1,301 | ) |   | (16,717 | ) |   | (23,529 | ) |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| NET                  INCOME (LOSS)                             |   | $                                              | 1,370,832   |                                          | $      | 141,312 |   | $ | 1,413,419 |   | $ | 205,152 |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| BASIC                  INCOME (LOSS) PER SHARE                 |   | $                                              | 0.00        |                                          | $      | 0.00 |   | $ | 0.00 |   | $ | 0.00 |   |
|                                                           |   |                                           |        |                                          |   |   |   |   |   |   |   |   |   |
| WEIGHTED                  AVERAGE NUMBER OF SHARES OUTSTANDING |   |                                           | 466,770,406 |                                          |   | 466,770,406 |   |   | 466,770,406 |   |   | 466,770,406 |   |

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**AMERICAN        RESOURCES AND DEVELOPMENT COMPANY AND SUBSIDIARIES**

|                                                                                                                     |   | For the Nine Months Ended |       |
|--------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|------------|
|                                                                                                                     |   | December                  31,                 |       |
|                                                                                                                     |   | 2007                                          |       | 2006 |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES                                                                    |   |                                          |       |   |   |
|                                                                                                                     |   |                                          |       |   |   |
| Net                  income (loss)                                                                                       |   | $                                             | 1,413,419  |   | $ | 205,152 |   |
| Adjustments                  to reconcile net loss to net cash provided (used) by operating                  activities: |   |                                          |       |   |   |   |   |
| Depreciation                                                                                                             |   |                                          | -          |   |   | 6,130 |   |
| Loss                  on disposal of fixed assets                                                                        |   |                                          | -          |   |   | 27,563 |   |
| Change                  in investments                                                                                   |   |                                          | (1,806,924 | ) |   | - |   |
| Changes                  in operating assets and liabilities                                                             |   |                                          |       |   |   |   |   |
| Increase                  in accounts receivable                                                                         |   |                                          | -          |   |   | 29,935 |   |
| Increase                  in notes receivable                                                                            |   |                                          | -          |   |   | - |   |
| Increase                  in notes receivable - related party                                                            |   |                                          | -          |   |   | - |   |
| Increase                  in other assets                                                                                |   |                                          | -          |   |   | 16,482 |   |
| Increase                  (decrease) in accounts payable and accrued expenses                                            |   |                                          | 99,349     |   |   | 60,057 |   |
|                                                                                                                     |   |                                          |       |   |   |   |   |
| Net                  Cash Used by Operating Activities                                                                   |   |                                          | (294,156   | ) |   | 345,319 |   |
|                                                                                                                     |   |                                          |       |   |   |   |   |
|                                                                                                                     |   |                                          |       |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES                                                                    |   |                                          |       |   |   |   |   |
|                                                                                                                     |   |                                          |       |   |   |   |   |
| Cash                  paid for investments                                                                               |   |                                          | (1,725,000 | ) |   | - |   |
| Decrease                  in land                                                                                        |   |                                          | -          |   |   | - |   |
| Increase                  in fixed assets                                                                                |   |                                          | -          |   |   | - |   |
|                                                                                                                     |   |                                          |       |   |   |   |   |
| Net                  Cash Provided by Investing Activities                                                               |   |                                          | (1,725,000 | ) |   | - |   |
|                                                                                                                     |   |                                          |       |   |   |   |   |
| CASH                  FLOWS FROM FINANCING ACTIVITIES                                                                    |   |                                          |       |   |   |   |   |
|                                                                                                                     |   |                                          |       |   |   |   |   |
| Change                  in notes receivable                                                                              |   |                                          | 1,025,591  |   |   | - |   |
| Change                  in notes receivable - related party                                                              |   |                                          | (783,122   | ) |   | - |   |
| Proceeds                  from short-term debt                                                                           |   |                                          | -          |   |   | (12,500 | ) |
| Proceeds                  from long-term debt - related party                                                            |   |                                          | -          |   |   | - |   |
|                                                                                                                     |   |                                          |       |   |   |   |   |
| Net                  Cash Provided by Financing Activities                                                               |   |                                          | 242,469    |   |   | (12,500 | ) |
|                                                                                                                     |   |                                          |       |   |   |   |   |
| NET                  DECREASE IN CASH                                                                                    |   |                                          | (1,776,687 | ) |   | 332,819 |   |
|                                                                                                                     |   |                                          |       |   |   |   |   |
| CASH                  AT BEGINNING OF PERIOD                                                                             |   |                                          | 1,865,852  |   |   | 607,869 |   |
|                                                                                                                     |   |                                          |       |   |   |   |   |
| CASH                  AT END OF PERIOD                                                                                   |   | $                                             | 89,165     |   | $ | 940,688 |   |

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**AMERICAN        RESOURCES AND DEVELOPMENT COMPANY AND SUBSIDIARIES**

|                                                                                                                                           |   | For the Nine Months Ended |   |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|--------|
|                                                                                                                                           |   | December                  31,                 |   |
|                                                                                                                                           |   | 2007                                          |   | 2006 |   |
|                                                                                                                                           |   |                                          |   |   |   |
| CASH                  PAID FOR:                                                                                                                |   |                                          |   |   |   |
|                                                                                                                                           |   |                                          |   |   |   |
| Interest                                                                                                                                       |   | $                                             | -      |   | $ | - |   |
| Income                  Taxes                                                                                                                  |   | $                                             | -      |   | $ | - |   |
|                                                                                                                                           |   |                                          |   |   |   |   |   |
| SUPPLIMENTAL                  SCHEDULE OF NON-CASH AND INVESTING ACTIVITIES                                                                    |   |                                          |   |   |   |   |   |
|                                                                                                                                           |   |                                          |   |   |   |   |   |
| Acquisition                  of notes receivable and assumption of long-term debt payable to                  related                  parties |   | $                                             | -      |   | $ | - |   |

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**AMERICAN        RESOURCES AND DEVELOPMENT COMPANY AND SUBSIDIARIES**

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**AMERICAN          RESOURCES AND DEVELOPMENT COMPANY AND SUBSIDIARIES**

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**AMERICAN          RESOURCES AND DEVELOPMENT COMPANY AND SUBSIDIARIES**

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| **ITEM              2.** | **MANAGEMENT'S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND****RESULTS                OF OPERATIONS.** |
|--------------------------|-----------------------------------------------------------------------------------------------------------------------------|

**CAUTIONARY      FORWARD - LOOKING STATEMENT**

*Statements      included in this Management's Discussion and Analysis of Financial Condition      and      Results of Operations, and in future filings by the Company with the Securities      and Exchange Commission, in the Company's press releases and in oral statements      made with the approval of an authorized executive officer which are not      historical or current facts are "forward-looking statements" made pursuant      to      the safe harbor provisions of the Private Securities Litigation Reform Act      of      1995 and are subject to certain risks and uncertainties that could cause actual      results to differ materially from historical earnings and those presently      anticipated or projected. The Company wishes to caution readers not to place      undue reliance on any such forward-looking statements, which speak only as      of      the date made. *

**A.**
**Management’s      Plan of Operation**

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**RESULTS      OF OPERATIONS**

**For      the three months ended December 31, 2007 compared to the three months ended      December 31, 2006.**

**For      the nine months ended December 31, 2007 compared to the nine months ended      December 31, 2006.**

**Liquidity      and Capital Resources**

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| **ITEM              3.** | **CONTROLS                AND PROCEDURES** |
|--------------------------|--------------------------------------------|

**Evaluation      of Disclosure Controls and Procedures**

**Changes      in Internal Controls**

**PART      II - OTHER INFORMATION.**

| **ITEM              1.** | **LEGAL                PROCEEDINGS.** |
|--------------------------|---------------------------------------|

| **ITEM              2.** | **CHANGES                IN 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** |
|--------------------------|--------------|

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| **ExhibitNumber***         |    |  **Title                of Document**                                                                                                                                                                                               |    |  **Location** |
|----------------------------|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------------------|
|                       |         |                                                                                                                                                                                                                                     |         |               |
| **Item                31** |         | **Rule                13a-14(a)/15d-14(a) Certifications**                                                                                                                                                                               |         |               |
| 31.01                      |         | Certification                of Principal Executive Officer and Principal Financial Officer Pursuant                to                Rule 13a-14                                                                                        |         | Attached           |
|                       |         |                                                                                                                                                                                                                                     |         |               |
| **Item                32** |         | **Section                1350 Certifications**                                                                                                                                                                                           |         |               |
| 32.01                      |         | Certification                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief                Financial Officer) |         | Attached           |

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| * | All                exhibits are numbered with the number preceding the decimal indicating                the                applicable SEC reference number in Item 601 and the number following                the                decimal indicating the sequence of the particular document. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**SIGNATURES**

|                                      | American                  Resources and Development Company, |
|-------------------------------------------|--------------------------------------------------------------|
|                                      | a                  Utah corporation                          |
|                                      |                                                         |
| Dated:                  February 12, 2008 | /s/                  Tom Stamos                              |
|                                      | By:                  Tom Stamos                              |
|                                      | Its:                  President                              |

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