**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-QSB**

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

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

**American      Resources and Development Company**

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

**(801)      230-1030**

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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  |   |  10 |
| Item                  3.                            |   | Controls                  and Procedures                                     |   |  11 |
|                                                |   |                                                                         |   |   |
| **PART                  II - OTHER INFORMATION**    |   |                                                                         |
|                                                |   |                                                                         |   |   |
| Item                  1.                            |   | Legal                  Proceedings                                           |   |  12 |
| Item                  2.                            |   | Unregistered                  Sales of Equity Securities and Use of Proceeds |   |   12 |
| Item                  3.                            |   | Defaults                  Upon Senior Securities                             |   |  12 |
| Item                  4.                            |   | Submission                  of matters to a Vote of Security Holders         |   |  12 |
| Item                  5.                            |   | Other                  Information                                           |   | 12 |
| Item                  6.                            |   | Exhibits                                                                     |   | 12 |

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**AMERICAN      RESOURCES AND DEVELOPMENT COMPANY AND SUBSIDIARIES **

|                                                          |   | September                30, |        | March                31,   |   |
|---------------------------------------------------------------|--------|------------------------------|-------------|---------------------------------|--------|
|                                                          |   | 2007                         |        | 2007                       |   |
|                                                          |   | (Unaudited)                  |        |                       |   |
| ASSETS                                                        |   |                         |        |                            |   |
| CURRENT                ASSETS                                 |   |                         |        |                       |   |
|                                                          |   |                         |        |                       |   |
| Cash                                                          |   | $                            | 40,102      |                            | $      | 1,865,852 |   |
| Investments                                                   |   |                         | 2,564,976   |                            |   | - |   |
| Notes                receivable                               |   |                         | -           |                            |   | 1,025,591 |   |
| Notes                receivable - related parties             |   |                         | 959,752     |                            |   | 200,000 |   |
|                                                          |   |                         |        |                            |   |   |   |
| Total                Current Assets                           |   |                         | 3,564,830   |                            |   | 3,091,443 |   |
|                                                          |   |                         |        |                            |   |   |   |
| TOTAL                ASSETS                                   |   | $                            | 3,564,830   |                            | $      | 3,091,443 |   |
|                                                          |   |                         |        |                            |   |   |   |
|                                                          |   |                         |        |                            |   |   |   |
| LIABILITIES                AND STOCKHOLDERS' EQUITY (DEFICIT) |   |                         |        |                            |   |   |   |
|                                                          |   |                         |        |                            |   |   |   |
| CURRENT                LIABILITIES                            |   |                         |        |                            |   |   |   |
|                                                          |   |                         |        |                            |   |   |   |
| Accounts                payable and accrued expenses          |   | $                            | 10,672      |                            | $      | 2,913 |   |
| Notes                payable                                  |   |                         | -           |                            |   | - |   |
|                                                          |   |                         |        |                            |   |   |   |
| Total                Current Liabilities                      |   |                         | 10,672      |                            |   | 2,913 |   |
|                                                          |   |                         |        |                            |   |   |   |
| LONG-TERM                LIABILITIES                          |   |                         |        |                            |   |   |   |
|                                                          |   |                         |        |                            |   |   |   |
| Notes                payable                                  |   |                         | 1,587,574   |                            |   | 1,526,514 |   |
|                                                          |   |                         |        |                            |   |   |   |
| Total                Long Term Liabilities                    |   |                         | 1,587,574   |                            |   | 1,526,514 |   |
|                                                          |   |                         |        |                            |   |   |   |
| TOTAL                LIABILITIES                              |   |                         | 1,598,246   |                            |   | 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                            |   |                         | (10,054,278 | )                               |   | (10,458,846 | ) |
|                                                          |   |                         |        |                            |   |   |   |
| Total                Stockholders' Equity (Deficit)           |   |                         | 1,966,584   |                            |   | 1,562,016 |   |
|                                                          |   |                         |        |                            |   |   |   |
| TOTAL                LIABILITIES AND                          |   |                         |        |                            |   |   |   |
| STOCKHOLDERS'                EQUITY (DEFICIT)                 |   | $                            | 3,564,830   |                            | $      | 3,091,443 |   |

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**AMERICAN        RESOURCES AND DEVELOPMENT COMPANY AND SUBSIDIARIES**

|                                                    |   | For                  the Three Months Ended    |        | For                  the Six Months Ended    |   |
|---------------------------------------------------------|--------|---------------------------------------------------------------|-------------|-------------------------------------------------------------|--------|
|                                                    |   | September                  30,                 |        | September                  30,               |   |
|                                                    |   | 2007                                                     |        | 2006                                                   |   | 2007  |   | 2006  |   |
|                                                    |   |                                                     |        |                                                   |   |    |   |    |   |
|                                                    |   |                                                     |        |                                                   |   |    |   |    |   |
| REVENUES                                                |   | $                                                             | 733,739     |                                                        | $      | 22,441 |   | $ | 590,066 |   | $ | 76,304 |   |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
| COST                  OF SALES                          |   |                                                          | -           |                                                        |   | - |   |   | - |   |   | - |   |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
|  GROSS                  PROFIT                     |   |                                                          | 733,739     |                                                        |   | 22,441 |   |   | 590,066 |   |   | 76,304 |   |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
| EXPENSES                                                |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
| General                  and administrative        |   |                                                          | 144,854     |                                                        |   | 59,880 |   |   | 153,220 |   |   | 157,636 |   |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
|  Total                  Expenses                   |   |                                                          | 144,854     |                                                        |   | 59,880 |   |   | 153,220 |   |   | 157,636 |   |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
|  OPERATING                  LOSS                   |   |                                                          | 588,885     |                                                        |   | (37,439 | ) |   | 436,846 |   |   | (81,332 | ) |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
| OTHER                  INCOME (EXPENSES)                |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
| Interest                  expense                  |   |                                                          | (61,060     | )                                                           |   | (20,867 | ) |   | (87,774 | ) |   | (44,456 | ) |
| Loss                  on disposal of fixed assets  |   |                                                          |        |                                                        |   | (27,563 | ) |   |   |   |   | (27,563 | ) |
| Interest                  income                   |   |                                                          | 55,496      |                                                        |   | 36,044 |   |   | 55,496 |   |   | 74,751 |   |
|  .                                                 |   |                                                          |        |                                                        |   |   |   |   | . |   |   |   |   |
|  Total                  Other Income (Expense)     |   |                                                          | (5,564      | )                                                           |   | (12,386 | ) |   | (32,278 | ) |   | 2,732 |   |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
|  NET                  INCOME (LOSS)                |   | $                                                             | 583,321     |                                                        | $      | (49,825 | ) | $ | 404,568 |   | $ | (78,600 | ) |
|                                                    |   |                                                          |             |                                                        |   |  |   |   |  |   |   |  |   |
|                                                    |   |                                                          |        |                                                        |   |   |   |   |   |   |   |   |   |
|  BASIC                  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 Six Months Ended   |       |
|-------------------------------------------------------------------|--------|-----------------------------------------------------|------------|
|                                                              |   | September                30,              |       |
|                                                              |   | 2007                                                |       | 2006  |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES               |   |                                                |       |    |   |
|                                                              |   |                                                |       |    |   |
| Net                income (loss)                                  |   | $                                                   | 404,568    |   | $ | (78,600 | ) |
| Adjustments                to reconcile net loss to net cash      |   |                                                |       |   |   |   |   |
| provided                (used) by operating activities:           |   |                                                |       |   |   |   |   |
| Depreciation                                                 |   |                                                | -          |   |   | 1,894 |   |
| Loss                on disposal of fixed assets              |   |                                                | -          |   |   | 28,533 |   |
| Gain                on investments                           |   |                                                | (839,976   | ) |   |   |   |
| Changes                in operating assets and liabilities        |   |                                                |       |   |   |   |   |
| Increase                in accounts receivable               |   |                                                | -          |   |   | (20,407 | ) |
| Increase                in other assets                      |   |                                                | -          |   |   | 16,482 |   |
| Increase                in notes payable                     |   |                                                | 61,060     |   |   | - |   |
| Increase                (decrease) in accounts payable       |   |                                                |            |   |   |  |   |
| and                accrued expenses                          |   |                                                | 7,759      |   |   | (55,178 | ) |
|                                                              |   |                                                |       |   |   |   |   |
|  Net                Cash Used by Operating Activities        |   |                                                | (366,589   | ) |   | (107,276 | ) |
|                                                              |   |                                                |       |   |   |   |   |
|                                                              |   |                                                |       |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES               |   |                                                |            |   |   |  |   |
|                                                              |   |                                                |       |   |   |   |   |
| Cash                paid for investments                     |   |                                                | (1,725,000 | ) |   | - |   |
| Increase                in fixed assets                      |   |                                                | -          |   |   | (8,658 | ) |
| Decrease                in land                              |   |                                                | -          |   |   | 265,239 |   |
|                                                              |   |                                                |       |   |   |   |   |
|  Net                Cash Provided by Investing Activities    |   |                                                | (1,725,000 | ) |   | 256,581 |   |
|                                                              |   |                                                |       |   |   |   |   |
|                                                              |   |                                                |       |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES               |   |                                                |       |   |   |   |   |
|                                                              |   |                                                |       |   |   |   |   |
| Payments                on notes receivable                  |   |                                                | 1,025,591  |   |   | 238,870 |   |
| Increase                in short-term debt                   |   |                                                | -          |   |   | 30,221 |   |
| Increase                in long-term debt - related party    |   |                                                | -          |   |   | 12,500 |   |
| Change                in notes receivable - related parties  |   |                                                | (759,752   | ) |   | 104,582 |   |
|                                                              |   |                                                |       |   |   |   |   |
|  Net                Cash Provided by                         |   |                                                |       |   |   |   |   |
|  Financing                Activities                         |   |                                                | 265,839    |   |   | 386,173 |   |
|                                                              |   |                                                |       |   |   |  |   |
| NET                DECREASE IN CASH                          |   |                                                | (1,825,750 | ) |   | 535,478 |   |
|                                                              |   |                                                |       |   |   |   |   |
| CASH                AT BEGINNING OF PERIOD                   |   |                                                | 1,865,852  |   |   | 607,869 |   |
|                                                              |   |                                                |       |   |   |   |   |
| CASH                AT END OF PERIOD                         |   | $                                                   | 40,102     |   | $ | 1,143,347 |   |

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**AMERICAN      RESOURCES AND DEVELOPMENT COMPANY AND SUBSIDIARIES**

|                                                                |   | For                the Six Months Ended   |   |
|---------------------------------------------------------------------|--------|-----------------------------------------------------|--------|
|                                                                |   | September                30,              |   |
|                                                                |   | 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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**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**

**RESULTS      OF OPERATIONS**

**For      the three months ended September 30, 2007 compared to the three months ended      September 30, 2006.**

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**For      the six months ended September 30, 2007 compared to the six months ended      September 30, 2006.**

**Liquidity      and Capital Resources**

**ITEM      3. CONTROLS AND PROCEDURES**

**Evaluation      of Disclosure Controls and Procedures**

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**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**

| **Exhibit                Number*** |         | **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. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

|                     |                                                                                        |                             |
|--------------------------|---------------------------------------------------------------------------------------------|----------------------------------|
|                     | American                Resources and Development Company,a                Utah corporation |
|                |                                                                                   |                        |
| Dated: December 27, 2007 |                                                                                        | /s/ Tom              Stamos |
|                     | By:              Tom Stamos                                                                 |
|                     | Its: President                                                                              |

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