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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  AMENDMENT #1
                                       to
                                   FORM 10-KSB

            [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                    For the Fiscal Year Ended March 31, 2006
                                       OR
              [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                   OF THE SECURITIES AND EXCHANGE ACT OF 1934
                       for the transaction period from to

                        Commission File Number 000-50944

                           GLOBAL RESOURCE CORPORATION
--------------------------------------------------------------------------------
                 (Name of Small Business Issuer in its charter)

          Nevada                                                 84-1565820
--------------------------------------------------------------------------------
(State or other jurisdiction                                 (I.R.S. Employer
     of incorporation)                                      Identification No.)

219 Robwood Road, Baltimore MD                                     21222
--------------------------------------------------------------------------------
(Address of principal executive offices)                         (Zip code)

                    Issuer's telephone number (410) 477-1328


Securities registered under Section 12(b) of the Exchange Act:

Title of each class                   Name of each exchange on which Registered

-------------------------------       ------------------------------

-------------------------------       ------------------------------

         Securities registered under Section 12(g) of the Exchange Act:

                                  Common Stock
--------------------------------------------------------------------------------
                                (Title of class)

--------------------------------------------------------------------------------
                                (Title of class)

Check whether the issuer is not required to file reports pursuant to Section
13 or 15(d) of the Exchange Act _____

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. (X)

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).  Yes [X]     No [ ]

State issuer's revenues for its most recent fiscal year. $0

State the aggregate market value of the voting stock held by non-affiliates
computed by reference to the price at which the stock was sold, or the average
bid and asked prices of such stock, as of a specified date within the past 60
days. At the closing price of the stock as of June 23, 2006 of $0.02, the
aggregate market value of voting stock held by non-affiliates is $96,300.

As of June 23, 2006, 7,215,034 shares of Common Stock, $.001 par value, of the
registrant were issued and outstanding.


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ITEM 13.   EXHIBITS AND REPORTS ON FORM 8-K

This Amendment #1 is being filed solely for the purpose of amending Exhibits
32.1 and 32.2 to correct the referenced date to March 31, 2006.

EXHIBIT INDEX
     No.                             Description of Exhibit
-------------                        ----------------------

32.1              Certification of Chief Executive Officer Pursuant to 18 U.S.C.
                  Section 1350, as adopted pursuant to Section 906 of the
                  Sarbanes-Oxley Act of 2002

32.2              Certification of Chief Financial Officer Pursuant to 18 U.S.C.
                  Section 1350, as adopted pursuant to Section 906 of the
                  Sarbanes-Oxley Act of 2002


SIGNATURES

      In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

GLOBAL RESOURCE CORPORATION


By /s/ Mary K. Radomsky, President/CEO
   --------------------
   Mary K. Radomsky, C.E.O.

Date July 24, 2006



      In accordance with the Exchange Act, this report has been signed below by
the following persons on behalf of the registrant and in the capacities and on
the dates indicated.



By /s/ Mary K. Radomsky CEO
   -------------------------
   Mary K. Radomsky, C.E.O.

Date July 24, 2006




By /s/ Mary K. Radomsky Director
   --------------------
   Mary K. Radomsky, Director

Date July 24, 2006