UNITED STATES				SECURITIES AND EXCHANGE COMMISSION				Washington, D.C. 20549				FORM 10-Q

(Mark One)				[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934				For the quarterly period ended March 31, 2008				[  ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934				For the transition period from _____ to _____				Commission file number: 000-50370

| HYBRID DYNAMICS CORPORATION                                                        |
|------------------------------------------------------------------------------------|
| (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.) |
|                                                                          |  |
| 892 North 340 East, American Fork, UT  84003                                  |
| (Address of principal executive offices)                                           |
|                                                                          |  |
| (801) 756-5831                                                                     |
| (Issuer's telephone number)                                                        |
|                                                                          |
|                                                                          |  |
| (Former name, former address and former fiscal year, if changed since last report) |

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 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 [  ]

| Large accelerated filer [  ]                                                  |  | Accelerated filer [  ]                 |
|-----------------------------------------------------------------------------------------|--|-----------------------------------------------------------------------------------------------------------------------------|
| Non-accelerated filer [  ] (Do not check if a						smaller reporting company) |  | Smaller reporting company [X]                                                                                               |

Yes [  ]   No [X]  

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:				5,896,027 shares outstanding as of April 28, 2008.

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HYBRID DYNAMICS CORPORATION				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    |
|              | Notes to the Condensed Consolidated Financial Statements (Unaudited)                              | 7    |
|    |                                                                                                   |      |
| Item 2.      | Management’s Discussion and Analysis of Financial Condition and							Results of Operations | 13   |
| Item 3.      | Quantitative and Qualitative Disclosures About Market Risk                                        | 15   |
| Item 4.      | Controls and Procedures                                                                           | 15   |
| Item 4T.     | Controls and Procedures                                                                           | 15   |
|    |                                                                                                   |      |
| PART II      | OTHER INFORMATION                                                                                 | 15   |
| Item 1.      | Legal Proceedings                                                                                 | 15   |
| Item 1A.     | Risk Factors                                                                                      | 15   |
| Item 2.      | Unregistered Sales of Equity Securities and Use of Proceeds                                       | 15   |
| Item 3.      | Defaults Upon Senior Securities                                                                   | 16   |
| Item 4.      | Submission of matters to a Vote of Security Holders                                               | 16   |
| Item 5.      | Other Information                                                                                 | 16   |
| Item 6.      | Exhibits                                                                                          | 17   |
|              | Signatures                                                                                        | 17   |

2

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HYBRID DYNAMICS CORPORATION				And Subsidiaries				Condensed Consolidated Balance Sheets				(Unaudited)
|                                                                                    | March 31    |                                                                                                                            | December 31 |
|------------------------------------------------------------------------------------|-------------|----------------------------------------------------------------------------------------------------------------------------|-------------|
|                                                                                    | 2008        |                                                                                                                            | 2007        |
|                                                                                    | (Unaudited) |                                                                                                                            | (Audited)   |
|                                                                                    |             |                                                                                                                            |             |
| ASSETS                                                                             |             |                                                                                                                            |             |  |  |
| Current Assets:                                                                    |             |                                                                                                                            |             |  |  |
|    Cash                                                             | $           |            33,766                                                        |             | $ |                   4 |
|                                                                                    |             |                                                                                                                            |             |  |  |
|       Total Current Assets                           |             |            33,766                                                        |             |  |                   4 |
|                                                                                    |             |                                                                                                                            |             |  |  |
|                                                                          |             |                                                                                                                            |             |  |  |
|    Equipment (net of accumulated depreciation of $3,388 and $3,338) |             |              3,690                                             |             |  |            3,640 |
|                                                                                    |             |                                                                                                                            |             |  |  |
|                                                                          |             |                                                                                                                            |             |  |  |
|       Total Assets                                   | $           |            37,456                                                        |             | $ |            3,644 |
|                                                                                    |             | ===========                                                                                                                |             |  | =========== |
|                                                                          |             |                                                                                                                            |             |  |  |
| LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)                                   |             |                                                                                                                            |             |  |  |
| Current Liabilities                                                                |             |                                                                                                                            |             |  |  |
|    Accounts Payable                                                 | $           |            54,016                                                        |             | $ |        132,955 |
|    Accrued Wages Payable Officers                                   |             |          109,545                                                                   |             |  |          82,352 |
|    Accrued Expenses                                                 |             |                    -   |             |  |                 80 |
|    Notes and Accounts Payable Officers                              |             | 17,159                                                                                                                     |             |  |          17,159 |
|    Notes and Accounts Payable Shareholders                          |             |          108,035                                                                   |             |  |        161,667 |
|    Notes Payable                                                    |             |            44,599                                                        |             |  |                  -   |
|                                                                                    |             |                                                                                                                            |             |  |  |
|       Total Current Liabilities                      |             |          333,354                                                                   |             |  |        394,213 |
|                                                                                    |             |                                                                                                                            |             |  |  |
|                                                                          |             |                                                                                                                            |             |  |  |
| Long Term Note Payable                                                             |             |                                                                                                                            |             |  |          52,811 |
|                                                                                    |             |                                                                                                                            |             |  |  |
|                                                                          |             |                                                                                                                            |             |  |  |
|       Total Liabilities                              |             |          333,354                                                                   |             |  |        447,024 |
|                                                                                    |             |                                                                                                                            |             |  |  |
|                                                                          |             |                                                                                                                            |             |  |  |
| Stockholders'  Deficit                                                        |             |                                                                                                                            |             |  |  |
| Preferred Stock - $0.0001 par value, 340,000 shares authorized                     |             |                                                                                                                            |             |  |  |
| no shares issued and outstanding                                                   | $           | -                                                                                                                |             | $ | -   |
| Series A Preferred Stock - $5.00 stated value, 660,000 shares                      |             |                                                                                                                            |             |  |  |
| authorized 60,000 shares issued and outstanding                                    |             |          300,000                                                                   |             |  | -   |
| Common Stock - $.00015 par value, 99,000,000 shares authorized,                    |             |                                                                                                                            |             |  |  |
| 5,896,027 shares and 5,187,285 shares issued and outstanding                       |             |                                                                                                                            |             |  |  |
| respectively                                                                       |             |                 885                             |             |  |               778 |
| Additional Paid-In Capital                                                         |             | 1,136,420                                                                                                                  |             |  |     1,092,338 |
| Accumulated (Deficit)                                                              |             |     (1,733,203)                                                                                             |             |  |   (1,536,496) |
|                                                                                    |             |                                                                                                                            |             |  |  |
| Total Stockholders' Deficit                                                        |             |        (295,898)                                                                             |             |  |      (443,380) |
|                                                                                    |             |                                                                                                                            |             |  |  |
|                                                                                    |             |                                                                                                                            |             |  |  |
| Total Liabilities and Stockholders' Equity (Deficit)                               | $           |            37,456                                                        |             | $ |            3,644 |
|                                                                                    |             | ===========                                                                                                                |             |  | =========== |

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HYBRID DYNAMICS CORPORATION				And Subsidiaries				Condensed Consolidated Statements of Operations				(Unaudited)
|                                              | For the Three Month Period |
|----------------------------------------------|----------------------------|
|                                              | Ending March 31,           |
|                                              |                            |
|                                              | 2008                       |  | 2007 |
|                                              | (Unaudited)                |  | (Unaudited) |
|                                              |                            |  |  |
|                                    |                            |  |  |  |  |
| Revenues                                     | $                          |                  -   |  | $ |           224 |
| Cost of Goods Sold                           |                            |                  -   |  |  |             64 |
|                                              |                            |  |  |  |  |
|    Gross Profit               |                            |                  -   |  |  |           160 |
|                                              |                            |  |  |  |  |
|                                    |                            |  |  |  |  |
| Operating Expenses                           |                            |  |  |  |  |
|    General and Administrative |                            | 126,875 |  |  |      99,531 |
|    Stock based compensation        |                            |          67,000 |  |  |             -   |
|                                              |                            |  |  |  |  |
| Total Operating Expenses                     |                            | 193,875 |  |  |      99,531 |
|                                              |                            |  |  |  |  |
|                                    |                            |  |  |  |  |
| Other Expenses                               |                            |  |  |  |  |
|    Minority interest income   |                            |                  -   |  |  |         (318) |
|    Interest Expense           |                            |            2,832 |  |  |           767 |
|                                              |                            |  |  |  |  |
| Total Other Expenses                         |                            |            2,832 |  |  |           449 |
|                                              |                            |  |  |  |  |
|                                    |                            |  |  |  |  |
| Net (Loss)                                   | $                          |       (196,707) |  | $ |    (99,820) |
|                                    |                            | =========== |  |  | =========== |
| Net (Loss) Per Common Share                  | $                          |             (0.04) |  | $ |        (0.50) |
|                                              |                            | =========== |  |  | =========== |
|                                    |                            |  |  |  |  |
| Weighted Average Common Shares Outstanding   |                            |     5,364,070 |  |  |    198,446 |
|                                              |                            | =========== |  |  | =========== |

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HYBRID DYNAMICS CORPORATION				And Subsidiaries				Condensed Consolidated Statements of Cash Flows				(Unaudited)
|                                                                                       | For the Three Month Period |
|---------------------------------------------------------------------------------------|----------------------------|
|                                                                                       | Ending March 31,           |
|                                                                                       |                            |
|                                                                                       |                            | 2008 |  |  | 2007 |
|                                                                                       |                            | (Unaudited) |  |  | (Unaudited) |
|                                                                                       |                            |  |  |
|                                                                             |                            |  |  |  |  |
| Cash Flows from Operating Activities                                                  |                            |  |  |  |  |
|                                                                             |                            |  |  |  |  |
| Net (Loss)                                                                            | $                          | (196,707) |  |  $ | (99,820) |
|                                                                             |                            |  |  |  |  |
| Adjustments to reconcile net loss to net cash provided by							operating activities: |                            |  |  |  |  |
|    Depreciation & Amortization                                     |                            | 492 |  |  | 492 |
|    Stock based compensation expenses                                   |                            | 67,000 |  |  |    -   |
|    Minority interest income                                            |                            | -   |  |  | (318) |
|    Stock issued for expenses                                           |                            | 882 |  |  | - |
| Changes in assets and liabilities:                                                    |                            |  |  |  |  |
|    Accounts receivable                                                 |                            | -   |  |  | (206) |
|    Accrued officers compensation                                       |                            | 18,707 |  |  | 82,353 |
|    Accounts payable and accrued expenses                               |                            | (77,571) |  |  | 17,131 |
|                                                                                       |                            |  |  |  |  |
|                                                                             |                            |  |  |  |  |
| Net cash used by Operating Activities                                                 |                            | (187,197) |  |  | (368) |
|                                                                                       |                            |  |  |  |  |
|                                                                             |                            |  |  |  |  |
| Cash Flows from Investing Activities:                                                 |                            |  |  |  |  |
|    Capitalized patent costs                                            |                            | -   |  |  | (113) |
|    Purchase of fixed assets                                            |                            |   -   |  |  | (622) |
|                                                                                       |                            |  |  |  |  |
|                                                                             |                            |  |  |  |  |
| Net cash used by Investing Activities                                                 |                            | -   |  |  | (735) |
|                                                                                       |                            |  |  |  |  |
|                                                                             |                            |  |  |  |  |
| Cash Flows from Financing Activities:                                                 |                            |  |  |  |  |
|    Sale of securities for cash                                         |                            | 300,000 |  |  |   -   |
|    Payment of offering costs and expenses                              |                            | (68,041) |  |  |    -   |
|    Payment on notes payable                                            |                            | (11,000) |  |  | 3,000 |
|                                                                                       |                            |  |  |  |  |
|                                                                             |                            |  |  |  |  |
| Net cash from Financing Activities                                                    |                            | 220,959 |  |  | 3,000 |
|                                                                                       |                            |  |  |  |  |
|                                                                             |                            |  |  |  |  |
| Net (Decrease) Increase in Cash                                                       | $                          | 33,762 |  |  $ | 1,897 |
| Cash at Beginning of Period                                                           |                            | 4 |  |  | 1,913 |
|                                                                                       |                            |  |  |  |  |
| Cash at End of Period                                                                 | $                          | 33,766 |  |  $ | 3,810 |
|                                                                                       |                            | =========== |  |  | =========== |

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|                                                                         | Three Months Ended March 31, |
|-------------------------------------------------------------------------|------------------------------|
|                                                                         |                              |
|                                                                         | 2008                         |  | 2007 |
|                                                                         |                              |  |  |
|                                                               |                              |  |  |  |  |
| **Supplemental disclosure of cash flow information**                    |                              |  |  |  |  |
| Cash paid for:                                                          |                              |  |  |  |  |
|    Interest                                              | $                            | 683 |  | $ | - |
|    Income Taxes                                               | $                            | - |  | $ | - |
|                                                               |                              |  |  |  |  |
| Supplemental disclosure of non-cash investing and financing activities: |                              |  |  |
|    Value attributed to warrants issued with preferred stock   | $                            | 73,860 |  | $ | - |
|    Value of warrants issued for services                      |                              | 20,025 |  |  | - |
|     Shares issued for expenses                           |                              | 882 |  |  |  |
|    Shares issued in repayment of debt and related interest    |                              | 53,693 |  |  | - |
|    Shares issued for services                                 |                              | 67,000 |  |   | - |

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7

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*“*
*”, *

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|                                                                         | For the Three Months                                                                               |  | For the Year            |
|-------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------|--|-------------------------|
|                                                                         | Ended March 31, 2008                                                                               |  | Ended December 31, 2007 |
|                                                                         |                                                                                                    |  |                         |
|                                                                         |  Shares                                                                                       |  |                         | Weighted							Average							Exercise							Price |  | Shares |  |  | Weighted							Average							Exercise							Price |
|                                                                         |                                                                                                    |  |                         |  |  |  |  |  |  |
| Outstanding at beginning of period                                      |                -   |  |                         |              -   |  |                -   |  |  |               -   |
| Granted                                                                 |      712,500                                                                   |  | $                       |           1.03 |  |                 -   |  | $ |                   - |
| Exercised                                                               |                -   |  |                         |              -   |  |                -   |  |  |               -   |
| Forfeited                                                               |                -   |  |                         |              -   |  |                -   |  |  |               -   |
| Expired                                                                 |                -   |  |                         |              -   |  |                -   |  |  |               -   |
|                                                                         |                                                                                                    |  |                         |  |  |  |  |  |  |
| Outstanding at end of period                                            |      712,500                                                                   |  | $                       | 1.03 |  |                - |  | $ |             - |
|                                                                         |                                                                                                    |  |                         |  |  |  |  |  |  |
|                                                                         |                                                                                                    |  |                         |  |  |  |  |  |  |
| Weighted average fair value of							warrants granted during the period |      712,500                                                                   |  | $                       | 1.03 |  |       - |  | $ |             - |
|                                                                         | =========                                                                                          |  | ============            |  | ========= |  | ============ |

A summary of the status of the warrants outstanding at March 31, 2008 is presented below:

|                                                                   |  | Warrants Outstanding                                                       |  | Warrants Exercisable                                    |
|-------------------------------------------------------------------|--|----------------------------------------------------------------------------|--|---------------------------------------------------------|
|                                                                   |  |                                                                            |  |                                                         |
| Exercise							Prices                                             |  | Number							Outstanding                                                   |  | Weighted-Average							Remaining							Contractual Life |  | Weighted							Average							Exercise							Price |  | Number							Exercisable |  | Weighted-							Average							Exercise Price |
|                                                                   |  |                                                                            |  |                                                         |  |  |  |  |  |  |
|            1.00 |  |           600,000             |  |  4.8 years                                         |  |            1.00 |  |        600,000 |  |            1.00 |
|            1.20 |  |             112,500 |  |  4.8 years                                         |  |            1.20 |  |          112,500 |  |            1.20 |
|            1.03 |  |           712,500             |  |  4.8 years                                         |  |            1.03 |  |        112,500 |  |            1.03 |

9

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The Company has 660,000 shares of its preferred stock designated as “Series A 8% Convertible Preferred Stock.” Each share of Series A Preferred Stock (a) has a stated value of $5.00 per share (“Stated Value”), (b) is non-voting, (c) includes a dividend of 8% per annum paid annually, (d) may be redeemed at any time for an amount equal to the Stated Value 
plus all accumulated and unpaid dividends

10

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| Exhibit No. |  | Exhibit                                                                                                                                                |
|-------------|--|--------------------------------------------------------------------------------------------------------------------------------------------------------|
|             |  |                                                                                                                                                        |
| 10.1 *      |  | Unit Subscription Agreement, January 2008 Private Placement Offering                                                                                   |
| 10.2 *      |  | Selling Agent Agreement as Amended dated November 20, 2007 between the Company and Joseph Stevens & Company, Inc.                                  |
| 10.3 *      |  | Letter of Intent Amendment # 1 dated April 30, 2008 Between Hybrid Dynamics Corporation, Delaware American Motors, LLC and Mark Klein.                 |
| 31.1 *      |  | Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer                                                                                  |
| 31.2 *      |  | Rule 13a-14(a)/15d-14(a) Certifications of Principal Financial & Accounting Officer                                                                |
| 32.1 *      |  | 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  |
| 32.2 *      |  | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of Principal Accounting Officer |
|             |  |                                                                                                                                                        |
|             |  | * Filed herewith.                                                                                                                                      |

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

|              |              | Hybrid Dynamics Corporation  |
|--------------|--------------|------------------------------|
|    |              |                              |
| Date         | May 12, 2008 | /s/ LEONARD DUCHARME         |
|              |              | Leonard DuCharme, CEO        |
|              |              | Principal Executive Officer  |
|    |              |                              |
| Date         | May 12, 2008 | /s/ DARREN JENSEN            |
|              |              | Darren Jensen, Treasurer     |
|              |              | Principal Accounting Officer |

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