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

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

| Nevada                                                        |   | 98-0200471                          |
|---------------------------------------------------------------|--------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification No.) |

| 4235 Commerce Street                     |   |       |
|------------------------------------------|--------|------------|
| Little River, South Carolina             |   | 29566      |
| (Address of principal executive offices) |   | (Zip Code) |

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| Large accelerated filer  | o                                                    | Accelerated filer     | o      |
|-------------------------------|------------------------------------------------------|---------------------------------|--------|
|                          |                                                 |                            |   |
| Non-accelerated filer    | o (Do not check if a smaller reporting company) | Smaller reporting company  | x      |

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| Item 1. | Financial Statements. |
|---------|-----------------------|

|                                                                                                                            |   | March 31,2011 |          |    | December 31,2010 |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------------|---------|------------------|--------|
|                                                                                                                            |   |          |          |    | (Restated)       |   |
| Assets                                                                                                                          |   |          |          |    |             |   |
| Current assets:                                                                                                                 |   |          |          |    |             |   |
| Cash                                                                                                                            |   | $             | 374,622       |    |             | $      | 65,660 |   |
| Accounts receivable                                                                                                             |   |          | 47,959        |    |             |   | 50,256 |   |
| Lease receivable                                                                                                                |   |          | 16,364        |    |             |   | 13,909 |   |
| Inventory                                                                                                                       |   |          | 219,610       |    |             |   | 195,372 |   |
| Prepaid expenses                                                                                                                |   |          | 18,073        |    |             |   | 21,707 |   |
|                                                                                                                            |   |          |          |    |             |   |   |   |
| Total current assets                                                                                                            |   |          | 676,628       |    |             |   | 346,904 |   |
|                                                                                                                            |   |          |          |    |             |   |   |   |
| Building and equipment, net                                                                                                     |   |          | 335,437       |    |             |   | 338,156 |   |
|                                                                                                                            |   |          |          |    |             |   |   |   |
| Lease receivable, long-term                                                                                                     |   |          | 25,493        |    |             |   | 29,091 |   |
|                                                                                                                            |   |          |          |    |             |   |   |   |
| Total assets                                                                                                                    |   | $             | 1,037,558     |    |             | $      | 714,151 |   |
|                                                                                                                            |   |          |          |    |             |   |   |   |
| Liabilities                                                                                                                     |   |          |          |    |             |   |   |   |
| Current liabilities:                                                                                                            |   |          |          |    |             |   |   |   |
| Accounts payable                                                                                                                |   | $             | 261,055       |    |             | $      | 265,780 |   |
| Accrued expenses                                                                                                                |   |          | 143,597       |    |             |   | 139,789 |   |
| Notes payable                                                                                                                   |   |          | 450,000       |    |             |   | 250,000 |   |
| Convertible notes                                                                                                               |   |          | 275,000       |    |             |   | 265,318 |   |
|                                                                                                                            |   |          |          |    |             |   |   |   |
| Total current liabilities                                                                                                       |   |          | 1,129,652     |    |             |   | 920,887 |   |
|                                                                                                                            |   |          |          |    |             |   |   |   |
| Commitments and contingencies                                                                                              |   |          |          |    |             |   |   |   |
| Shareholders' deficiency                                                                                                        |   |          |          |    |             |   |   |   |
| Common stock 200,000,000 shares authorized; par value $.001;  117,069,141 and 108,496,641 shares issued, respectively |   |          | 117,069       |    |             |   | 108,497 |   |
| Common stock bought not issued, 0 and 135,000 shares, respectively                                                              |   |          | -             |    |             |   | 135 |   |
| Paid-in capital                                                                                                                 |   |          | 13,837,616    |    |             |   | 13,186,988 |   |
| Accumulated deficit                                                                                                             |   |          | (14,046,779   | )       |             |   | (13,502,356 | ) |
|                                                                                                                            |   |          |          |    |             |   |   |   |
| Total shareholders' deficiency                                                                                                  |   |          |  (92,094 | )  |             |   | (206,736 | )  |
| Total liabilities and shareholders' deficiency                                                                                  |   | $             | 1,037,558     |    |             | $      | 714,151 |   |

----

|                                  |   | Three Months EndedMarch 31, |        |
|---------------------------------------|--------|-----------------------------|-------------|
|                                  |   | 2011                        |        |   | 2010 |   |
|                                  |   |                        |        |   |   |   |
| Sales                                 |   | $                           | 27,510      |   |   | $ | 67,219 |   |
| Leasing and licensing fees            |   |                        | 12,000      |   |   |   | 718 |   |
|                                  |   |                        |        |   |   |   |   |   |
|     Total revenue |   |                        | 39,510      |   |   |   | 67,937 |   |
| Cost of sales                         |   |                        | 19,814      |   |   |   | 33,361 |   |
|                                  |   |                        |        |   |   |   |   |   |
| Gross profit                          |   |                        | 19,696      |   |   |   | 34,576 |   |
|                                  |   |                        |        |   |   |   |   |   |
| General and administrative expense    |   |                        | 329,931     |   |   |   | 255,807 |   |
| Sales and marketing expense           |   |                        | 122,714     |   |   |   | 143,012 |   |
| Research and development expense      |   |                        | 74,689      |   |   |   | 89,480 |   |
| Total operating expenses              |   |                        | 527,334     |   |   |   | 488,299 |   |
|                                  |   |                        |        |   |   |   |   |   |
| Loss from operations                  |   |                        | (507,638    | ) |   |   | (453,723 | ) |
|                                  |   |                        |        |   |   |   |   |   |
| Other income (expense):               |   |                        |        |   |   |   |   |   |
| Finance fees and other                |   |                        | (9,310      | ) |   |   | (52,838 | ) |
| Interest expense                      |   |                        | (27,475     | ) |   |   | (8,253 | ) |
| Total other income (expense)          |   |                        | (36,785     | ) |   |   | (61,091 | ) |
|                                  |   |                        |        |   |   |   |   |   |
| Net loss                              |   | $                           | (544,423    | ) |   | $ | (514,814 | ) |
|                                  |   |                        |        |   |   |   |   |   |
| Weighted average shares outstanding   |   |                        | 111,353,308 |   |   |   | 101,335,722 |   |
| Net loss per share basic and diluted  |   | $                           | (0.00       | ) |   | $  | (0.01 | ) |

----

|                                                                        |   | Three Months EndedMarch 31, |     |
|-----------------------------------------------------------------------------|--------|-----------------------------|----------|
|                                                                        |   | 2011                        |     |   | 2010 |   |
|                                                                        |   |                        |     |   |   |   |
| Cash flows from operating activities:                                       |   |                        |     |   |   |   |
| Net loss                                                                    |   | $                           | (544,423 | ) |   | $ | (514,814 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                        |     |   |   |   |   |   |
| Depreciation and amortization                                               |   |                        | 2,719    |   |   |   | 948 |   |
| Stock and warrants issued for loan and interest costs                       |   |                        | 7,416    |   |   |   | 59,540 |   |
| Stock and warrants issued for services                                      |   |                        | 44,149   |   |   |   | 117,000 |   |
| Accretion of interest on convertible notes                                  |   |                        | 9,682    |   |   |   | - |   |
| Changes in operating assets and liabilities:                                |   |                        |     |   |   |   |   |   |
| Accounts receivable                                                         |   |                        | 2,297    |   |   |   | (24,082 | ) |
| Inventory                                                                   |   |                        | (24,238  | ) |   |   | (132,593 | ) |
| Prepaid expenses                                                            |   |                        | 3,632    |   |   |   | (4,815 | ) |
| Accounts payable                                                            |   |                        | (4,725   | ) |   |   | 29,894 |   |
| Accrued expenses                                                            |   |                        | 3,810    |   |   |   | 13,737 |   |
| Cash flows from operating activities                                        |   |                        | (499,681 | ) |   |   | (455,185 | ) |
|                                                                        |   |                        |     |   |   |   |   |   |
| Cash flows from investing activities:                                       |   |                        |     |   |   |   |   |   |
| Payment received on lease receivable                                        |   |                        | 1,143    |   |   |   | - |   |
| Cash flows from investing activities                                        |   |                        | 1,143    |   |   |   | - |   |
|                                                                        |   |                        |     |   |   |   |   |   |
| Cash flows from financing activities:                                       |   |                        |     |   |   |   |   |   |
| Proceeds from the sale of common stock                                      |   |                        | 607,500  |   |   |   | 18,000 |   |
| Proceeds on notes payable, net                                              |   |                        | 200,000  |   |   |   | (75,000 | ) |
| Proceeds from the exercise of warrants and options                          |   |                        | -        |   |   |   | 16,100 |   |
| Cash flows from financing activities                                        |   |                        | 807,500  |   |   |   | (40,900 | ) |
|                                                                        |   |                        |     |   |   |   |   |   |
| Increase (decrease) in cash                                                 |   |                        | 308,962  |   |   |   | (496,085 | ) |
| Cash beginning of period                                                    |   |                        | 65,660   |   |   |   | 819,611 |   |
| Cash end of period                                                          |   | $                           | 374,622  |   |   | $ | 323,526 |   |
|                                                                        |   |                        |     |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                           |   |                        |     |   |   |   |   |   |
| Cash paid for interest                                                      |   | $                           | 17,286   |   |   | $ | 8,253 |   |
|                                                                        |   |                        |     |   |   |   |   |   |
| Non-cash financing activities:                                              |   |                        |     |   |   |   |   |   |
| Stock and warrants issued for services and loan costs                       |   | $                           | 51,565   |   |   | $ | 176,540 |   |
| Notes and interest converted to stock                                       |   | $                           | -        |   |   | $ | 295,800 |   |

----

----

----

|                            |   | Options |      |   | AveragePrice |   |   | Warrants |   |   | AveragePrice |   |
|---------------------------------|--------|---------|-----------|--------|--------------|--------|--------|----------|--------|--------|--------------|--------|
| Outstanding  1/1/2011 |   |    | 1,050,000 |   |         | $      | 0.12   |     |   |   | 13,889,582   |   |   | $ | 0.21 |   |
|   Granted             |   |    | -         |   |         |   | -      |     |   |   | 10,937,500   |   |   |   | 0.28 |   |
|   Cancelled           |   |    | -         |   |         |   | -      |     |   |   | -            |   |   |   | - |   |
|   Exercised           |   |    | -         |   |         |   | -      |     |   |   | -            |   |   |   | - |   |
| Outstanding 3/31/2011           |   |    | 1,050,000 |   |         | $      | 0.12   |     |   |   | 24,827,082   |   |   | $ | 0.24 |   |

----

----

|                               |   | As OriginallyFiled |    |   | Correction |   |    | As Restated |   |
|------------------------------------|--------|--------------------|---------|--------|------------|--------|---------|-------------|--------|
| Balance Sheet at December 31, 2010 |   |               |    |   |       |   |    |        |   |
| Assets:                            |   |               |    |   |       |   |    |        |   |
| Building and equipment, net        |   | $                  | 38,270  |   |       | $      | 299,886 |        |   | $ | 338,156 |   |
| Total assets                       |   |               | 414,265 |   |       |   | 299,886 |        |   |   | 714,151 |   |

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| Item 4. | Controls and Procedures. |
|---------|--------------------------|

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| Item 3. | Defaults Upon Senior Securities |
|---------|---------------------------------|

| Item 6. | Exhibits. |
|---------|-----------|

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|                                      | INTEGRATED ENVIRONMENTAL TECHNOLOGIES,LTD. |
|-------------------------------------------|--------------------------------------------|
|                                      |                                       |   |
| Date: September 9, 2011    | By:                                        | /s/David R. LaVance |
|                                      |                                       | David R. LaVance |
|                                      |                                       | President and Chief Executive Officer |
|                                      |                                       |   |

| Date: September 9, 2011    | By:    | /s/Thomas S. Gifford                        |
|-------------------------------------------|--------|---------------------------------------------|
|                                      |   | Thomas S. Gifford                           |
|                                      |   | Title Executive Vice President,        |
|                                      |   |  Chief Financial Officer and Secretary |

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| Exhibit No. |  Description                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1         | Articles of Incorporation of Integrated Environmental Technologies, Ltd. (the “Company”) (incorporated by reference to Exhibit 3(i)(h) to the Company’s Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on March 10, 2008).                                                                                                                                                                             |
| 3.2         | Amended and Restated Bylaws of the Company (incorporated by reference to Exhibit 3.2 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                                                                                                                                                                                                                                                |
| 4.1         | Convertible Debenture Unit Purchase Agreement between the Company and L.J. Tichacek dated April 26, 2007 (incorporated by reference to Exhibit 4.1 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                                                                                                                                                                                  |
| 4.2         | 10% Convertible Debenture in the principal amount of $25,000 issued to L.J. Tichacek dated April 26, 2007 (incorporated by reference to Exhibit 4.2 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                                                                                                                                                                                 |
| 4.3         | Secured Promissory Note in the principal amount of $590,000 issued by the Company to Zanett Opportunity Fund, Ltd. (“Zanett”) dated August 19, 2009 (incorporated by reference to Exhibit 4.3 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                                                                                                                           |
| 4.4         | First Amendment dated November 20, 2009 to Secured Promissory Note in the principal amount of $590,000 issued by the Company to Zanett dated August 19, 2009 (incorporated by reference to Exhibit 4.4 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                                                                                                                              |
| 4.5         | Form of Convertible Debenture Purchase Agreement and 8% Convertible Debenture issued by the Company to each of Green Energy Metals Fund, LP (principal amount of $50,000) dated April 12, 2010; Odysseus Fund, LP (principal amount of $50,000) dated April 12, 2010 and David G. Snow (principal amount of $50,000) dated April 12, 2010 (incorporated by reference to Exhibit 4.5 to the Company’s Form 10-Q filed with the SEC on August 22, 2011). |
| 4.6         | Promissory Note Agreement between the Company and RHI Family Trust dated April 12, 2010 (incorporated by reference to Exhibit 4.6 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                                                                                                                                                                                                   |
| 4.7         | Security Agreement between the Company and RHI Family Trust dated April 12, 2010 (incorporated by reference to Exhibit 4.7 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                                                                                                                                                                                                          |
| 4.8         | Interest Only Six Month Term Note with Balloon Payment in the principal amount of $250,000 issued by the Company to RHI Family Trust dated April 12, 2010 (incorporated by reference to Exhibit 4.8 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                                                                                                                                 |

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| Exhibit No. |  Description                                                                                                                                                                                                                                                     |
|-------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.9         | 10% Convertible Note in the principal amount of $167,339 issued to Gemini Master Fund, Ltd. (“Gemini”) dated September 10, 2010 (incorporated by reference to Exhibit 4.9 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).        |
| 4.10        | Exchange Agreement between the Company and Gemini dated September 10, 2010 (incorporated by reference to Exhibit 4.10 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                        |
| 4.11        | Loan Agreement between the Company and Zanett dated January 5, 2011 (incorporated by reference to Exhibit 99.i to the Company’s Form 8-K filed with the SEC on January 24, 2011).                                                                               |
| 4.12        | Promissory Note in the principal amount of $200,000 issued to Zanett dated January 5, 2011 (incorporated by reference to Exhibit 99.ii to the Company’s Form 8-K filed with the SEC on January 24, 2011).                                                       |
| 10.1        | Stock Acquisition Agreement between the Company and Benchmark Performance Group, Inc. (“Benchmark”) dated June 20, 2007 (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on August 21, 2007).                |
| 10.2        | Exclusive License and Distribution Agreement between IET, Inc. and Benchmark Energy Products, L.P. dated June 20, 2007 (incorporated by reference to Exhibit 10.3 to the Company’s Form 8-K filed with the SEC on August 21, 2007).                             |
| 10.3        | Registration Rights Agreement between the Company and Benchmark dated June 21, 2007 (incorporated by reference to Exhibit 10.2 to the Company’s Form 8-K filed with the SEC on August 21, 2007).                                                                |
| 10.4        | 2002 Stock Option Plan of the Company (incorporated by reference to Exhibit 10.4 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                                                             |
| 10.5        | 2010 Stock Incentive Plan of the Company (incorporated by reference to Exhibit 10.5 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                                                                                          |
| 10.6        | Non-Exclusive Independent Sales Representative Agreement between the Company and Gary J. Grieco, dba 3GC, Ltd., dated November 20, 2009 (incorporated by reference to Exhibit 10.6 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).           |
| 10.7        | Investor Relations Consulting Agreement between the Company and Gary J. Grieco, dba 3GC, Ltd., dated March 1, 2010 (incorporated by reference to Exhibit 10.7 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                |
| 10.8        | Addendum dated May 19, 2010 to Investor Relations Consulting Agreement between the Company and Gary J. Grieco, dba 3GC, Ltd., dated March 1, 2010 (incorporated by reference to Exhibit 10.8 to the Company’s Form 10-Q filed with the SEC on August 22, 2011). |

----

| Exhibit No. |  Description                                                                                                                                                                                                                                                          |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.9        | Addendum dated September 1, 2010 to Investor Relations Consulting Agreement between the Company and Gary J. Grieco, dba 3GC, Ltd., dated March 1, 2010 (incorporated by reference to Exhibit 10.9 to the Company’s Form 10-Q filed with the SEC on August 22, 2011). |
| 10.10  | Non-Exclusive Independent Sales Representative Agreement between the Company and Gary J. Grieco, dba 3GC, Ltd., dated February 1, 2011 (incorporated by reference to Exhibit 10.10 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                |
| 10.11       | Corporate Services Agreement between the Company and Catalyst Financial Resources LLC dated February 23, 2010 (incorporated by reference to Exhibit 10.11 to the Company’s Form 10-Q filed with the SEC on August 22, 2011).                                         |
| 31.1        | Section 302 Certification of Principal Executive Officer.                                                                                                                                                                                                                  |
| 31.2        | Section 302 Certification of Principal Financial Officer.                                                                                                                                                                                                                  |
| 32.1        | Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350.                                                                                                                                                                                           |
| 32.2        | Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350.                                                                                                                                                                                           |

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