----

| DAM HOLDINGS, INC.                                                                 |
|------------------------------------------------------------------------------------|
| (Exact name of small business issuer in its charter)                               |
|                                                                               |
| Nevada                                                                             |   | 33-1041835 |
| (State or other jurisdiction of  incorporation or organization)          |   | (I.R.S. Employer Identification No.) |
|                                                                               |   |   |
| 52-66 Iowa Avenue, Paterson, NJ 07503                                              |
| (Address of principal executive offices)                                           |
|                                                                               |
| (973) 279-3261                                                                     |
| (Issuer's telephone number)                                                        |
|                                                                               |
| HYBRID DYNAMICS CORPORATION                                                        |
| (Former name, former address and former fiscal year, if changed since last report) |

| 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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INDEX

|     |                                                                                        | Page   |
|----------|---------------------------------------------------------------------------------------------|--------|
|     |                                                                                        |   |
| PART I   | FINANCIAL INFORMATION                                                                       | 3      |
| Item 1.  | Financial Statements                                                                        | 3      |
|     | Condensed Consolidated Balance Sheets (Unaudited)                                           | 3      |
|     | Condensed Consolidated Statements of Operations (Unaudited)                                 | 4      |
|     | Condensed Consolidated Statements of Cash Flows (Unaudited)                                 | 5      |
|     | Condensed Consolidated Statements of Stockholders Deficit                                   | 7      |
|     | Notes to the Condensed Consolidated Financial Statements (Unaudited)                        | 8      |
|     |                                                                                        |   |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 17     |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                  | 19     |
| Item 4T. | Controls and Procedures                                                                     | 19     |
|     |                                                                                        |   |
| PART II  | OTHER INFORMATION                                                                           | 20     |
| Item 1.  | Legal Proceedings                                                                           | 20     |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 20     |
| Item 3.  | Defaults Upon Senior Securities                                                             | 20     |
| Item 4.  | Submission of matters to a Vote of Security Holders                                         | 20     |
| Item 5.  | Other Information                                                                           | 20     |
| Item 6.  | Exhibits                                                                                    | 21     |
|     | Signatures                                                                                  | 21     |

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Table of Contents

PART I 

Item 1.  

Balance Sheets

|                                                                |   | September 30 |       |   | December 31 |   |
|---------------------------------------------------------------------|--------|--------------|------------|--------|-------------|--------|
|                                                                |   | 2009         |       |   | 2008        |   |
|                                                                |   | (Unaudited)  |       |   | (Audited)   |   |
| ASSETS                                                              |   |         |       |   |        |   |
| Current Assets:                                                     |   |         |       |   |        |   |
| Cash                                                                |   | $            | 1,795      |   |        | $      | 65,954 |   |
| Accounts Receivable                                                 |   |         | 869        |   |        |   | 244 |   |
| Prepaid Expenses                                                    |   |         | 9,295      |   |        |   | 2,250 |   |
| Inventory                                                           |   |         | 89,051     |   |        |   | 85,749 |   |
| Total Current Assets                                                |   |         | 101,010    |   |        |   | 154,197 |   |
|                                                                |   |         |       |   |        |   |   |   |
| Equipment                                                           |   |         | 36,608     |   |        |   | 69,415 |   |
| Less:  Accumulated Depreciation                           |   |         | (20,572    | )      |        |   | (32,519 | ) |
| Total Equipment                                                     |   |         | 16,036     |   |        |   | 36,896 |   |
|                                                                |   |         |       |   |        |   |   |   |
| Total Assets                                                        |   | $            | 117,046    |   |        | $      | 191,093 |   |
|                                                                |   |         |       |   |        |   |   |   |
| LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)                    |   |         |       |   |        |   |   |   |
| Current Liabilities                                                 |   |         |       |   |        |   |   |   |
| Accounts Payable                                                    |   | $            | 275,069    |   |        | $      | 331,009 |   |
| Accrued Payroll Taxes Payable                                       |   |         | 61,448     |   |        |   | 42,575 |   |
| Accrued Wages & Accounts Payable Officers                       |   |         | 160,621    |   |        |   | 71,618 |   |
| Promissory Notes Payable                                            |   |         | 186,505    |   |        |   | 185,511 |   |
| Current Portion of Long Term Notes Payable                          |   |         | -          |   |        |   | 17,136 |   |
| Customer deposit                                                    |   |         | 9,800      |   |        |   | - |   |
| Total Current Liabilities                                           |   |         | 693,443    |   |        |   | 647,849 |   |
|                                                                |   |         |       |   |        |   |   |   |
| Long Term Notes Payable                                             |   |         | -          |   |        |   | 57,570 |   |
|                                                                |   |         |       |   |        |   |   |   |
| Total Liabilities                                                   |   |         | 693,443    |   |        |   | 705,419 |   |
|                                                                |   |         |       |   |        |   |   |   |
| Stockholders' Deficit                                               |   |         |       |   |        |   |   |   |
| Preferred Stock - $0.0001 par value, 900,000 shares                 |   |         |       |   |        |   |   |   |
| authorized no shares issued and outstanding                         |   | $            | -          |   |        | $      | - |   |
| Series A Preferred Stock - $5 stated value, 660,000 shares          |   |         |       |   |        |   |   |   |
| authorized 60,000 shares issued and outstanding                     |   |         | 300,000    |   |        |   | 300,000 |   |
| Series B Preferred Stock - $5 stated value, 660,000 shares          |   |         |       |   |        |   |   |   |
| authorized 60,000 shares issued and outstanding                     |   |         | 15,000     |   |        |   | - |   |
| Common Stock - $.00015 par value, 99,000,000 shares authorized      |   |         |       |   |        |   |   |   |
| 68,794 shares and 56,628 shares issued and outstanding respectively |   |         | 10         |   |        |   | 8 |   |
| Additional Paid-In Capital                                          |   |         | 1,642,241  |   |        |   | 1,474,310 |   |
| Accumulated Deficit                                                 |   |         | (2,533,648 | )      |        |   | (2,288,644 | ) |
|                                                                |   |         |       |   |        |   |   |   |
| Total Stockholders' Deficit                                         |   |         | (576,397   | )      |        |   | (514,326 | ) |
|                                                                |   |         |       |   |        |   |   |   |
| Total Liabilities and Stockholders' Deficit                         |   | $            | 117,046    |   |        | $      | 191,093 |   |

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Table of Contents

Operations

|                                |   | For the Three Month Period |     |   | For the Nine Month Period |   |
|-------------------------------------|--------|----------------------------|----------|--------|---------------------------|--------|
|                                |   | Ending September 30,       |     |   | Ending September 30,      |   |
|                                |   | 2009                       |     |   | 2008                      |   |   | 2009 |   |   | 2008 |   |
|                                |   | (Unaudited)                |     |   | (Unaudited)               |   |   | (Unaudited) |   |   | (Unaudited) |   |
|                                |   |                       |     |   |                      |   |   |   |   |   |   |   |
| Revenues                            |   | $                          | 17,179   |   |                      | $      | 10,392 |   |   | $ | 47,443 |   |   | $ | 14,865 |   |
| Cost of Goods Sold                  |   |                       | 8,963    |   |                      |   | 1,289 |   |   |   | 25,389 |   |   |   | 8,260 |   |
|                                |   |                       |     |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Gross Profit                        |   |                       | 8,216    |   |                      |   | 9,103 |   |   |   | 22,054 |   |   |   | 6,605 |   |
|                                |   |                       |     |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                  |   |                       |     |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| General and Administrative          |   |                       | 151,233  |   |                      |   | 128,591 |   |   |   | 227,349 |   |   |   | 541,962 |   |
| Stock based compensation            |   |                       | 13,400   |   |                      |   | 82,167 |   |   |   | 13,400 |   |   |   | 259,500 |   |
| Depreciation and amortization       |   |                       | 8,250    |   |                      |   | 3,607 |   |   |   | 11,564 |   |   |   | 6,621 |   |
|                                |   |                       |     |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses            |   |                       | 172,883  |   |                      |   | 214,365 |   |   |   | 252,313 |   |   |   | 808,083 |   |
|                                |   |                       |     |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Other Expenses                      |   |                       |     |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Gain on Sale of Equipment           |   |                       | -        |   |                      |   | - |   |   |   | - |   |   |   | 309 |   |
| Interest expense                    |   |                       | (10,650  | )      |                      |   | (3,262 | ) |   |   | (14,745 | ) |   |   | (7,748 | ) |
| Total Other Expenses                |   |                       | (10,650  | )      |                      |   | (3,262 | ) |   |   | (14,745 | ) |   |   | (7,439 | ) |
|                                |   |                       |     |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net  (Loss)               |   | $                          | (175,317 | )      |                      | $      | (208,524 | ) |   | $ | (245,004 | ) |   | $ | (808,917 | ) |
|                                |   |                       |     |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net (Loss) Per Common Share         |   | $                          | (3.29    | )      |                      | $      | (14.02 | ) |   | $ | (4.60 | ) |   | $ | (54.37 | ) |
|                                |   |                       |     |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding |   |                       | 53,302   |   |                      |   | 14,878 |   |   |   | 53,302 |   |   |   | 14,878 |   |

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Table of Contents

Cash Flows

|                                                                            | For the Nine Month Period |   |
|---------------------------------------------------------------------------------|---------------------------|--------|
|                                                                            | Ending September 30       |   |
|                                                                            | 2009                      |   |   | 2008 |   |
|                                                                            | (Unaudited)               |   |   | (Unaudited) |   |
| Cash Flows from Operating Activities                                            |                      |   |   |   |   |   |
|                                                                            |                      |   |   |   |   |   |
| Net (Loss)                                                                      |                      | $      | (245,004 | ) |   | $ | (808,917 | ) |
|                                                                            |                      |   |   |   |   |   |   |   |
| Adjustments to reconcile net loss to net cash provided by operating activities: |                      |   |   |   |   |
| Depreciation & amortization                                                 |                      |   | 20,860 |   |   |   | 6,621 |   |
| Stock based compensation expenses                                               |                      |   | 13,400 |   |   |   | 67,000 |   |
| Incentive stock options                                                         |                      |   | - |   |   |   | 110,333 |   |
| Officer compensation contributed to capital                                     |                      |   | 50,882 |   |   |   | - |   |
| Non-Cash expenses                                                               |                      |   | - |   |   |   | 667 |   |
| (Gain) on sale of asset                                                         |                      |   | - |   |   |   | (309 | ) |
| Changes in assets and liabilities:                                              |                      |   |   |   |   |   |   |   |
| Accounts receivable                                                             |                      |   | (625 | )  |   |   | - |   |
| Allowance for doubtful accounts                                                 |                      |   | - |   |   |   | - |   |
| Prepaid expenses                                                                |                      |   | (7,045 | )  |   |   | - |   |
| Inventory                                                                       |                      |   | (3,302 | )  |   |   | (22,816 | ) |
| Accounts payable vendors                                                        |                      |   | (129,652 | )  |   |   | 39,201 |   |
| Accrued payroll taxes                                                           |                      |   | 18,873 |   |   |   | - |   |
| Deposit on Motorcycle Sales                                                     |                      |   | 9,800 |   |   |   | - |   |
| Notes payable                                                                   |                      |   | - |   |   |   | 58,310 |   |
| Accrued wages                                                                   |                      |   | 89,003 |   |   |   | 141,897 |   |
|                                                                            |                      |   |   |   |   |   |   |   |
| Net Cash Used in Operating Activities                                           |                      |   | (182,810 | ) |   |   | (408,013 | ) |
|                                                                            |                      |   |   |   |   |   |   |   |
| Cash Flows Used in Investing Activities:                                        |                      |   |   |   |   |   |   |   |
| Proceeds from sale of assets                                                    |                      |   | - |   |   |   | 4,000 |   |
| Proceeds from subsidiary acquisition                                            |                      |   | - |   |   |   | 151,178 |   |
| Purchase of fixed assets                                                        |                      |   | - |   |   |   | (5,000 | ) |
|                                                                            |                      |   |   |   |   |   |   |   |
| Cash Flows Used in Investing Activities                                         |                      |   | - |   |   |   | 150,178 |   |
|                                                                            |                      |   |   |   |   |   |   |   |
| Cash Flows From Financing Activities:                                           |                      |   |   |   |   |   |   |   |
| Sale of securities for cash, net                                                |                      |   | 15,100 |   |   |   | 231,959 |   |
| Payment on notes payable                                                        |                      |   | - |   |   |   | (1,165 | ) |
| Payment of officer advances                                                     |                      |   | - |   |   |   | (17,159 | ) |
| Conversion of notes payable                                                     |                      |   | 103,551 |   |   |   | - |   |
| Loans from shareholders and investors                                           |                      |   | - |   |   |   | 50,000 |   |
|                                                                            |                      |   |   |   |   |   |   |   |
| Net Cash From Financing Activities                                              |                      |   | 118,651 |   |   |   | 263,635 |   |
|                                                                            |                      |   |   |   |   |   |   |   |
| Net (Decrease) Increase in Cash                                                 |                      | $      | (64,159 | )  |   | $ | 5,800 |   |
| Cash at Beginning of Period                                                     |                      |   | 65,954 |   |   |   | 4 |   |
| Cash at End of Period                                                           |                      | $      | 1,795 |   |   | $ | 5,804 |   |

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Table of Contents

|                                                                  | Nine Months Ended September 30, |   |
|-----------------------------------------------------------------------|---------------------------------|--------|
| Supplemental disclosure of cash flow information                      |                            |   | 2009 |   |   |   | 2008 |   |
| Cash paid for:                                                        |                            |   |   |   |   |   |   |   |
| Interest                                                              |                            | $      | 4,222 |   |   | $ | 683 |   |
| Taxes                                                                 |                            | $      | - |   |   | $ | - |   |
|                                                                  |                            |   |   |   |   |   |   |   |
|                                                                  |                            |   |   |   |   |   |   |   |
| Supplemental Schedule of Non-cash Investing and Financing Activities; |                            |   |   |   |   |
| Officers compensation contributed to capital                          |                            | $      | 50,882 |   |   | $ | - |   |
| Shares isssued for payment of indebtedness                            |                            | $      | 103,551 |   |   | $ | 53,811 |   |
| Shares issued for services                                            |                            | $      | 13,400 |   |   | $ | 67,000 |   |
| Warrants issued for services                                          |                            | $      | - |   |   | $ | 20,025 |   |
| Shares issued for acquisition of subsidiary                           |                            | $      | - |   |   | $ | 140,166 |   |
| Incentive stock options issued for services                           |                            | $      | - |   |   | $ | 110,333 |   |

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Table of Contents

Stockholders Deficit

|                                              |   | Preferred Stock |   |   | Class A Preferred |   |   | Class B Preferred |   |   | Common Stock |   |   | Additional |    |   | Accumulated |   |   | Total     |   |
|---------------------------------------------------|--------|-----------------|--------|--------|-------------------|--------|--------|-------------------|--------|--------|--------------|--------|--------|------------|---------|--------|-------------|--------|--------|-----------|--------|
|                                              |   | Number of       |   |   |              |   |   | Number of         |   |   |         |   |   | Number of  |    |   |        |   |   | Number of |   |   |   |   |   | Paid-in |   |   | Retained |   |   | Stockholders' |   |
|                                              |   | Shares          |   |   | Amount            |   |   | Shares            |   |   | Amount       |   |   | Shares     |    |   | Amount      |   |   | Shares    |   |   | Amount |   |   | Capital |   |   | (Deficit) |   |   | (Deficit) |   |
|                                              |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2007 (Audited)              |   |            | -      |   |              | $      | -      |              |   |   | -            |   |   | $          | -       |   |        |   | -      |      |   | $ | - |   |   |   | 5,187,285 |   |   | $ | 778 |   |   | $ | 1,092,338 |   |   | $ | (1,536,496 | ) |   | $ | (443,380 | ) |
|                                              |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for services                        |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 200,000 |   |   |   | 30 |   |   |   | 66,970 |   |   |   |   |   |   |   | 67,000 |   |
| Shares issued on conversion of note               |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 358,722 |   |   |   | 54 |   |   |   | 53,757 |   |   |   |   |   |   |   | 53,811 |   |
| Shares issued for cash:                           |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares of Series A preferred stock                |   |            |   |   |              |   |   |              |   |   | 60,000       |   |   |       | 300,000 |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 300,000 |   |
| Series A preferred stock discount                 |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (283,439 | ) |   |   |   |   |   |   | (283,439 | ) |
| Shares of common stock                            |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 150,000 |   |   |   | 23 |   |   |   | 26,858 |   |   |   |   |   |   |   | 26,880 |   |
| Class A warrants                                  |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 106,800 |   |   |   |   |   |   |   | 106,800 |   |
| Selling agent warrants                            |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 20,025 |   |   |   |   |   |   |   | 20,025 |   |
| Shares issued for acquisition                     |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 4,500,000 |   |   |   | 675 |   |   |   | 139,491 |   |   |   |   |   |   |   | 140,166 |   |
| Share Based Compensation                          |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 82,167 |   |   |   |   |   |   |   | 82,167 |   |
| Incentive stock options granted                   |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 110,333 |   |   |   |   |   |   |   | 110,333 |   |
| Shares received on settlement agreement           |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | (2,109,873 | ) |   |   | (316 | ) |   |   | (84,079 | ) |   |   |   |   |   |   | (84,395 | ) |
| Shares issued for executive services              |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 2,109,873 |   |   |   | 316 |   |   |   | 84,079 |   |   |   |   |   |   |   | 84,395 |   |
| Shares issued in payment of indebtedness          |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 200,000 |   |   |   | 30 |   |   |   | 43,778 |   |   |   |   |   |   |   | 43,808 |   |
| Shares issued as bonus interest on notes          |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 105,000 |   |   |   | 16 |   |   |   | 8,234 |   |   |   |   |   |   |   | 8,250 |   |
| Shares issued for late registration penalty       |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 108,000 |   |   |   | 16 |   |   |   | 5,384 |   |   |   |   |   |   |   | 5,400 |   |
| Shares issued for anti-dilution agreement         |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 516,640 |   |   |   | 77 |   |   |   | (77 | ) |   |   |   |   |   |   | 0 |   |
| Net loss                                          |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (752,148 | ) |   |   | (752,148 | ) |
|                                              |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2008 (Audited)              |   |            | -      |   |              | $      | -      |              |   |   | 60,000       |   |   | $          | 300,000 |   |        |   | -      |      |   | $ | - |   |   |   | 11,325,647 |   |   | $ | 1,699 |   |   | $ | 1,472,619 |   |   | $ | (2,288,644 | ) |   | $ | (514,326 | ) |
|                                              |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Officer's compensation contributed to capital     |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 50,882 |   |   |   |   |   |   |   | 50,882 |   |
| Shares issued in repayment of debt                |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 1,433,039 |   |   |   | 215 |   |   |   | 103,336 |   |   |   |   |   |   |   | 103,551 |   |
| Shares issued for repurchase of royalty agreement |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 250,000 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares issued for services                        |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 670,000 |   |   |   | 101 |   |   |   | 13,299 |   |   |   |   |   |   |   | 13,400 |   |
| Reverse stock split 200:1                         |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | (13,610,292 | ) |   |   | (2,005 | ) |   |   | 2,005 |   |   |   |   |   |   |   |   |   |
| Issuance of Series B Preferred Stock              |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   | 30     |      |   |   | 15,000 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 15,000 |   |
| Issuance of shares for cash                       |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   | 400 |   |   |   | 0 |   |   |   | 100 |   |   |   |   |   |   |   | 100 |   |
| Net loss                                          |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (245,004 | ) |   |   | (245,004 | ) |
|                                              |   |            |   |   |              |   |   |              |   |   |         |   |   |       |    |   |        |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, Sept 30, 2009 (Unaudited)                |   |            | -      |   |              | $      | -      |              |   |   | 60,000       |   |   | $          | 300,000 |   |        |   | 30     |      |   | $ | 15,000 |   |   |   | 68,794 |   |   | $ | 10 |   |   | $ | 1,642,241 |   |   | $ | (2,533,648 | ) |   | $ | (576,397 | ) |

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|                   |   | September 30, 2009 |    |
|------------------------|--------|--------------------|---------|
|                   |   |               |    |
| Motorcycles prototypes |   | $                  | 82,814  |   |
| Parts and supplies     |   |               | 24,135  |   |
| Valuation allowance    |   |               | (17,898 | ) |
|                   |   | $                  | 89,051  |   |

|                                      |   | September 30, 2009 |    |
|-------------------------------------------|--------|--------------------|---------|
|                                      |   |               |    |
| Machinery, office furniture and equipment |   | $                  | 36,608  |   |
| Accumulated depreciation                  |   |               | (20,572 | ) |
|                                      |   | $                  | 16,036  |   |

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|                                                 |   | Amount |   |
|------------------------------------------------------|--------|--------|--------|
|                                                 |   |   |   |
| Annual Rent for the period October to December, 2009 |   | $      | 7,500  |   |
| Annual Rent for the year 2010                        |   |   | 30,000 |   |
| Annual Rent for the year 2011                        |   |   | 7,500  |   |
| Annual Rent for the year 2012                        |   |   | -      |   |
| Thereafter                                           |   |   | -      |   |
| Total Aggregate Rent                                 |   | $      | 45,000 |   |

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|                                                      |   |     |   |   | Exercise or |   |
|-----------------------------------------------------------|--------|----------|--------|--------|-------------|--------|
|                                                      |   | Shares   |   |   | Conversion  |   |
|                                                      |   | Reserved |   |   | Amount      |   |
| Convertible Unsecured Promissory Notes                    |   |     | 1,293  |   |        | $      | 51,704 |   |
| Convertible Secured Promissory Notes                      |   |     | 865    |   |        |   | 107,469 |   |
| Convertible Series A Preferred Stock                      |   |     | 13,333 |   |        |   | 300,000 |   |
| Class A Warrants                                          |   |     | 13,333 |   |        |   | 599,994 |   |
| Selling Agent Warrant                                     |   |     | 2,497  |   |        |   | 134,863 |   |
| Total shares of common stock reserved for future issuance |   |     | 31,322 |   |        | $      | 1,194,030 |   |

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|                                                              |   | For the Nine Months      |   |   | For the Twelve Months           |   |
|-------------------------------------------------------------------|--------|--------------------------|--------|--------|---------------------------------|--------|
|                                                              |   | Ended September 30, 2009 |   |   | Ended December 31, 2008         |   |
|                                                              |   | Shares                   |   |   | Weighted Average Exercise Price |   |   | Shares |   |   | Weighted Average Exercise Price |   |
| Outstanding at beginning of period                                |   |                     | 15,831 |   |                            | $      | 46.40 |   |   |   | - |   |   | $ | - |   |
| Granted                                                           |   |                     | -      |   |                            |   | - |   |   |   | 17,581 |   |   |   | 47.80 |   |
| Exercised                                                         |   |                     | -      |   |                            |   | - |   |   |   | - |   |   |   | - |   |
| Forfeited                                                         |   |                     | -      |   |                            |   | - |   |   |   | - |   |   |   | - |   |
| Expired                                                           |   |                     | -      |   |                            |   | - |   |   |   | 1,750 |   |   |   | 60.00 |   |
| Outstanding at end of period                                      |   |                     | 15,831 |   |                            | $      | 46.40 |   |   |   | 15,831 |   |   | $ | 47.80 |   |
|                                                              |   |                     |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average fair value of warrants granted during the period |   |                     | 15,831 |   |                            | $      | 46.40 |   |   |   | 15,831 |   |   | $ | 47.80 |   |

|            |   |   | Warrants Outstanding |   |   | Warrants Exercisable                        |   |
|-----------------|--------|--------|----------------------|--------|--------|---------------------------------------------|--------|
| Exercise Prices |   |   | Number Outstanding   |   |   | Weighted-Average Remaining Contractual Life |   |   | Weighted Average Exercise Price |   |   | Number Exercisable |   |   | Weighted-Average Exercise Price |   |
|            | 45.00  |   |                 |   | 13,333 |                                        |   |   | 3.6 |   |   |   | 45.00 |   |   |   | 13,333 |   |   |   | 45.00 |   |
|            | 54.00  |   |                 |   | 2,497  |                                        |   |   | 3.5 |   |   |   | 54.00 |   |   |   | 2,497 |   |   |   | 54.00 |   |

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Item 2.

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Item 3. 

Item 4T. 

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PART II 

Item 1. 

Item 2. 

Item 3.

Item 4. 

Item 5. 

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Item 6.

| Exhibit No. |   | Exhibit                                                                                                                                                                                |
|-------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |   |                                                                                                                                                                                   |
| 4.2*        |   | Articles of Incorporation Amendment Number 5 filed with the Secretary of the State of Nevada on September 9, 2009.                                                                     |
|        |   |                                                                                                                                                                                   |
| 10.10**     |   | Termination and Release Agreement dated May 8, 2009 by and between Hybrid Dynamics Corporation and Garden Rise Investments LTD LLC and the members thereof.                            |
|        |   |                                                                                                                                                                                   |
| 31*         |   | Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer and Principal Financial & Accounting Officer                                                                 |
|        |   |                                                                                                                                                                                   |
| 32 *        |   | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of Principal Executive Officer and Principal Accounting Officer |
|        |   |                                                                                                                                                                                   |
|        |   | * Filed herewith.                                                                                                                                                                      |
|        |   | **Filed with Form 10Q for the period ending June 30, 2009.                                                                                                                             |

SIGNATURES

|   |              |   | DAM Holdings, Inc.                                           |   |
|--------|-------------------|--------|--------------------------------------------------------------|--------|
|   |              |   |                                                         |   |
|   |              |   |                                                         |   |
| Date:  | November 18, 2009 |   | /s/ MARK S. KLEIN                                            |   |
|   |              |   | Mark S. Klein, President                                     |   |
|   |              |   | Principal Executive Officer and Principal Accounting Officer |   |

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