U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-QSB

[X]  QUARTERLY  REPORT  UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF  1934

     For the quarterly period ended May 31, 2006.

[_]  TRANSITION  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF  1934

     For the transition period from _______ to ________


                        COMMISSION FILE NUMBER: 000-31343


                              Global Wataire Inc.
                 (Name of small business issuer in its charter)

                  NEVADA                                    36-4567500
     (State or other jurisdiction of                     (I.R.S. Employer
      incorporation or organization)                    Identification No.)

      534 DELAWARE AVENUE, SUITE 412                          14202
             BUFFALO, NEW YORK                              (Zip Code)
 (Address of principal executive offices)

                                  716 332 7150
                          (Issuer's telephone number)

     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 [_]

     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  the  number of shares outstanding of each of the issuer's classes of
common  equity,  as of the latest practicable date:  As of April 7, 2006, the
issuer  had  483,404,226  shares  of  its  common  stock issued and outstanding.

     Transitional Small Business Disclosure Format (check one): Yes [_]  No [X]


<PAGE>
<TABLE>
<CAPTION>
                                TABLE OF CONTENTS

<S>                                                                             <C>
PART I - FINANCIAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . .  2
Item 1.  Financial Statements (Unaudited). . . . . . . . . . . . . . . . . . . .  2
Item 2.  Management's Discussion and Analysis or Plan of Operation . . . . . . .  2
Item 3.  Controls and Procedures . . . . . . . . . . . . . . . . . . . . . . . .  5
PART II - OTHER INFORMATION. . . . . . . . . . . . . . . . . . . . . . . . . . .  5
Item 1.  Legal Proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . .  5
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds . . . . . .  5
Item 3.  Defaults Upon Senior Securities . . . . . . . . . . . . . . . . . . . .  5
Item 4.  Submission of Matters to a Vote of Security Holders . . . . . . . . . .  5
Item 5.  Other Information . . . . . . . . . . . . . . . . . . . . . . . . . . .  6
Item 6.  Exhibits and Reports on Form 8-K. . . . . . . . . . . . . . . . . . . .  6
SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6
CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002. . . . .
CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002. . . . .
CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002. . . . .
CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002. . . . .
</TABLE>


                                        1
<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

     The  financial  statements  and  related notes are included as part of this
Quarterly  Report  as  indexed  in  the  appendix  on  page  F-1  through  F-6.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS.

FORWARD-LOOKING INFORMATION

     Much  of  the  discussion  in  this  Item  is  "forward  looking."  Actual
operations  and results may materially differ from present plans and projections
due  to  changes  in  economic  conditions,  new business opportunities, changed
business  conditions,  and  other  developments.  Other factors that could cause
results  to  differ  materially are described in our filings with the Securities
and  Exchange  Commission.

     The  following  are  factors  that  could cause actual results or events to
differ  materially  from  those anticipated, and include, but are not limited to
general  economic,  financial and business conditions, changes in and compliance
with  governmental  laws  and  regulations,  including various state and federal
environmental  regulations,  our  ability  to  obtain  additional financing from
outside investors and/or bank and mezzanine lenders; and our ability to generate
sufficient  revenues  to  cover  operating  losses  and  position  us to achieve
positive  cash  flow.

     Readers  are  cautioned  not to place undue reliance on the forward-looking
statements contained herein, which speak only as of the date hereof.  We believe
the  information  contained  in  this  Form 10-QSB to be accurate as of the date
hereof.  Changes may occur after that date.  We will not update that information
except  as  required  by  law  in  the  normal  course  of our public disclosure
practices.

     Additionally, the following discussion regarding our consolidated financial
condition  and  results  of  operations  should  be read in conjunction with the
consolidated  financial statements and related notes contained in Item 1 of Part
I  of this Form 10-QSB, as well as the consolidated financial statements in Item
7  of  Part  II  of  our  Form 10-KSB for the fiscal year ended August 31, 2005.

RESULTS OF OPERATIONS

     For  the  nine  months  ended  May  31,  2006  and  2005,  we had no sales.
The  net  loss  for  the  nine  months  ended May 31, 2006 was $153,883 compared
to  a  net  loss  of  $992,415  for  the  nine  months  ended  May  31,  2005.

     Subsequent  to our fiscal year ended August 31, 2005, we finalized the sale
of the assets  and  liabilities of our subsidiary, Freshwater Technologies, Inc.
to  Max Weissengruber,  our former chief  operations  officer  and  a  director,
and  D.  Brian  Robertson,  our former chief  financial  officer,  based  on our
audited  financials  at  August  31,  2005, with an effective date of October 1,
2005.  This  resulted  in  a  gain  on  the  sale  of the assets and liabilities
of  Freshwater Technologies, Inc. of $194,742. Additionally,  the  remainder  of
Messrs.  Weissengruber's  and  Robertson's  consulting  contracts  were mutually
cancelled  as  of  August  31,  2005  with  no  resulting  penalties  to  us.

     Expenses  have  decreased  by  $643,790  for  the  first nine months of our
current  fiscal  year  from  $992,415  for the nine months ended May 31, 2005 to
$348,625  for  the nine months ended May 31, 2006.  The decrease can be directly
attributed  to  the reorganization costs during the fiscal year ended August 31,
2005,  including  costs  relating to the development of new marketing strategies
and  discussions  regarding the reorganization of the corporation, that were not
incurred  in  the  current  year.

     On  October 12, 2005, we entered into an Exclusive Licensing Agreement with
Wataire  Industries,  Inc.,  an  unrelated  party,  for  the  exclusive right to
distribute  and  sell  the  technology-based  water  generation and purification
products  of  Wataire  Industries,  Inc. in the United States of America, for an
indefinite  period.  In  consideration  of the Exclusive Licensing Agreement, we
issued  15,000,000  shares  of  our  Series C preferred stock valued at $15,000.
We  anticipated  to  begin  recognizing  revenue  under this licensing agreement
before  the  close  of  the  August  31,  2006  fiscal  year.

     For  the  three  months  ended  May  31,  2006  and  2005, we had no sales.
The  net  loss  for  the  three months  ended May 31, 2006 was $127,290 compared
to  a  net  loss  of  $308,751  for  the  three  months  ended  May  31,  2005.

     Expenses  have  decreased  by  $181,461  from $308,751 for the three months
ended  May  31,  2005  to  $127,290 for the three months ended May 31, 2006. The
decrease  can  be  directly  attributed  to  the reorganization costs during the
fiscal  year  ended August 31, 2005, including costs relating to the development
of  new marketing strategies and discussions regarding the reorganization of the
corporation,  that  were  not  incurred  in  the  current  year.


                                        2
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES

     Our  operations  used $253,983 of cash, of which $253,789 was advanced by a
director during the nine months ended  May 31, 2006. Our main impetus was on the
sale  of the assets and liabilities of our subsidiary,  Freshwater Technologies,
Inc.,  and  the  formulation  of  our  marketing  plan  going  forward.

     We  estimate  our  business  operational expenses during the next 12 months
will  be  approximately  $2.5  million.

     As  discussed  by  our  accountants in the unaudited consolidated financial
statements included in Item 1 of Part I of this Quarterly Report on Form 10-QSB,
our  revenues  are  currently  insufficient  to  cover  our  costs and expenses.

     Directors  and  stockholders  continue  to  provide  us the funds needed to
continue  our  development  and operations.  To the extent our revenue shortfall
exceeds  the  willingness  and ability of our directors and shareholders and the
selling  of  our shares to continue providing us the funds needed, we anticipate
raising  any  necessary  capital  from  outside  investors  coupled with bank or
mezzanine  lenders.  As of the date of this report, we have not entered into any
negotiations  with  any  third  parties  to  provide  such  capital.

     We  anticipate  that  our  current  financing  strategy  of  private  debt,
including  additional  funds  from  our directors and existing stockholders, and
equity  offerings  will  meet our anticipated objectives and business operations
for  the  next  12  months.  We continue to evaluate opportunities for corporate
development.  Subject  to  our  ability  to  obtain  adequate  financing  at the
applicable time, we may enter into definitive agreements on one or more of those
opportunities.

     Our  independent  accountants'  review  report  on  our  May  31,  2006
unaudited  consolidated  financial statements states that our lack of sources of
revenues  raise  substantial  doubts  about  our  ability to continue as a going
concern.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

     Our  consolidated  financial statements and accompanying notes are prepared
in accordance with accounting principles generally accepted in the United States
of  America.  Preparing consolidated financial statements requires management to
make  estimates  and  assumptions  that  affect  the reported amounts of assets,
liabilities,  revenues,  and  expenses.  These  estimates  and  assumptions  are
affected  by  management's  application  of  accounting  policies.  Critical
accounting  policies include revenue recognition, impairment of marketing rights
and  accounting  for  stock-based  compensation.

     We  recognize  revenue in accordance with Staff Accounting Bulletin No.101,
"Revenue Recognition in Financial Statements."  Sales are recorded when products
are  shipped  to  customers.  Provisions for discounts and rebates to customers,
estimated  returns and allowances, and other adjustments are provided for in the
same  period  the  related  sales  are  recorded.

     We  evaluate  our  long-lived  assets for financial impairment on a regular
basis  in  accordance  with Statement of Financial Accounting Standards No. 144,
"Accounting  for  the Impairment or Disposal of Long-Lived Assets."  We evaluate
the  recoverability  of  long-lived  assets  not  held for sale by measuring the
carrying amount of the assets against the estimated discounted future cash flows
associated  with  them.  At  the  time such evaluations indicate that the future
discounted cash flows of certain long-lived assets are not sufficient to recover
the carrying value of such assets, the assets are adjusted to their fair values.

     We  account  for  stock-based  compensation in accordance with Statement of
Financial  Accounting  Standards  No.  123R,  "Share-Based  Payment"  and  Staff
Accounting  Bulletin  No.  107,  which  requires  us  to  measure  and recognize
compensation expense for all stock-based payments for services at the grant-date
fair  value,  with  the  cost  recognized  over  the  vesting  period.


                                        3
<PAGE>
RECENT DEVELOPMENTS

On  May  24,  2006, Max Weissengruber resigned as secretary and as a director of
the  Registrant,  effective  immediately.  There was no disagreement between Mr.
Weissengruber  and  the  Registrant.  Likewise,  on  27  June  2006 the board of
directors  of  the Registrant, pursuant to the Bylaws of the Registrant, elected
Robert  Glassen  to  serve as a director and elected Edmund Gorman to serve as a
director  and  Corporate  Secretary  of the Registrant. On that same date Edmund
Gorman  was  appointed  as  our  Chief  Financial  Officer.

     On  June  27, 2006 the Exclusive License Agreement with Wataire Industries,
Inc.,  a  Nevada  corporation,  executed  on October 12, 2005, and reported in a
Current  Report on October 21, 2005 was terminated due to the failure of Wataire
Industries,  Inc. to perform under the agreement. As a consequence, the issuance
of 15,000,000 shares of our Series C preferred stock, par value $0.001 per share
to  Wataire  Industries  Inc.  and  the  25,000 shares of our Series A preferred
stock,  par  value $0.001 per share, issued to Phil Fraser and William Robertson
pursuant to the Exclusive License Agreement has been cancelled. Likewise, due to
the cancellation of the Exclusive License Agreement, we decided to terminate our
relationship  with  Wataire  Industries,  Inc.

As  a  result  of  the  cancellation  of  the  agreement,  we have relocated our
principal executive offices back to 534 Delaware Avenue, Suite 412, Buffalo, New
York  14202.

On June 27, 2006, the Board of Directors approved the appointment of Atlas Stock
Transfer  Corporation  as  the  Registrant's  Transfer  agent.

OFF-BALANCE SHEET ARRANGEMENTS

     We  do  not  have  any  off-balance  sheet  arrangements.


                                        4
<PAGE>
ITEM 3. CONTROLS AND PROCEDURES.

     Disclosure  controls  and procedures are controls and other procedures that
are  designed  to  ensure that information required to be disclosed by us in the
reports  that  we  file or submit under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the Securities and
Exchange  Commission's  rules  and  forms.  Disclosure  controls  and procedures
include,  without  limitation,  controls  and procedures designed to ensure that
information required to be disclosed by us in the reports that we file under the
Exchange  Act  is  accumulated and communicated to our management, including our
principal  executive  and  financial  officers,  as  appropriate to allow timely
decisions  regarding  required  disclosure.

     Evaluation  of disclosure and controls and procedures. As of the end of the
period  covered  by this Quarterly Report, we conducted an evaluation, under the
supervision  and  with  the  participation  of  our  chief executive officer and
principal  financial  officer,  of  our  disclosure  controls and procedures (as
defined  in  Rules 13a-15(e) of the Exchange Act). Based on this evaluation, our
chief  executive  officer  and  principal  financial  officer concluded that our
disclosure  controls  and  procedures  are  effective to ensure that information
required  to  be  disclosed  by  us  in reports that we file or submit under the
Exchange  Act  is  recorded,  processed, summarized and reported within the time
periods  specified  in  Securities  and  Exchange  Commission  rules  and forms.

     Changes  in internal controls over financial reporting. There was no change
in  our  internal  controls,  which  are included within disclosure controls and
procedures,  during  our  most  recently  completed  fiscal  quarter  that  has
materially  affected, or is reasonably likely to materially affect, our internal
controls.

                          PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

     As  of  the  date  of  this  report,  we  are  not  involved  in  any legal
proceedings.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

     None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

     None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

     On  April  13, 2006, the  holder of the majority of the voting power of our
outstanding  capital  stock  voted  to  approve  the  following:

     1.  A  grant  of  discretionary  authority  to  our  board  of directors to
     implement  a  reverse  split  of  the  issued and outstanding shares of our
     common  stock  on  the basis of one post-consolidation share for each 1,000
     pre-consolidation  shares  to  occur immediately after the action described
     herein;

     2.  An  amendment  to  our  Articles  of  Incorporation  to provide for the
     creation of a second series of common stock to be known as "Series B Common
     Stock";  and

     3.  An amendment to our Articles of Incorporation to provide for the Change
     in  our  corporate  name  from  International  Development  Corp. to Global
     Wataire,  Inc.

     As of May 31, 2006, the record date, 483,404,226 shares of our common stock
were issued and outstanding. Each share of the common stock outstanding entitles
the holder to one vote on all matters brought before the common stockholders. As
of  the  record date, 100,000 shares of our Series A preferred stock were issued
and  outstanding,  1,000,000  shares of our Series B preferred stock were issued
and  outstanding  and  15,000,000  shares  of  our Series C preferred stock were
issued  and outstanding. Pursuant to our Certificate of Designation establishing
Series  A preferred stock, a holder of shares of the Series A preferred stock is
entitled  to  the  number of votes equal to the number of shares of the Series A
preferred  stock  held by such holder multiplied by 200 on all matters submitted
to  a  vote  of  our  stockholders.  Pursuant  to our Certificate of Designation
establishing  Series  B  preferred  stock,  a  holder  of shares of the Series B
preferred stock is entitled to the number of votes equal to the number of shares
of  the  Series  B  preferred stock held by such holder multiplied by 500 on all
matters  submitted to a vote of our stockholders. Pursuant to our Certificate of
Designation  establishing  Series  C  preferred Stock, a holder of shares of the
Series  C preferred stock is entitled to the number of votes equal to the number
of  shares of the Series C preferred stock held by such holder multiplied by one
on  all  matters  submitted  to  a  vote  of  our  stockholders.

     We had a consenting stockholder, Betty-Ann Harland, our director and former
chief  executive  officer, who held no shares of our common stock, 65,000 shares
of  our  Series A preferred stock and 1,000,000 shares of our Series B preferred
stock.  Therefore,  Ms.  Harland had the power to vote 513,000,000 shares of our
common  stock,  which number exceeded the majority of the issued and outstanding
shares  of the common stock on the record date, even if all of the shares of the
Series  C  preferred  stock  are  voted equaling 15,000,000 shares of our common
stock.

     Ms.  Harland  voted  in  favor  of the grant of the discretionary authority
to  our  board of directors to effect a reverse stock split of our common stock,
to  approve  an  amendment  to  our Articles of Incorporation to provide for the
creation  of  a  second  class  of  common  stock to be known as "Class B common
stock,"  and to approve an amendment to our Articles of Incorporation to provide
for  the  change  in  our corporate name from International Development Corp. to
Global  Wataire,  Inc.  Ms.  Harland  had  the  power  to  pass  the  proposed
corporate  actions  without  the  concurrence  of any of our other stockholders.
There  were  no  votes  against  the  proposals.


                                        5
<PAGE>
ITEM 5. OTHER INFORMATION.

     None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

     (a)  Exhibits.

<TABLE>
<CAPTION>
  NO.                                   IDENTIFICATION OF EXHIBIT
-------                                 -------------------------
<S>      <C>
31.1**   Certification of Sydney A Harland, Chief Executive Officer of Global Wataire Inc., pursuant to
         18 U.S.C. Sec.1350, as adopted pursuant to Sec.302 of the Sarbanes-Oxley Act of 2002.

31.2**   Certification of Edmund Gorman, Chief Financial Officer of Global Wataire Inc., pursuant to 18
         U.S.C. Sec.1350, as adopted pursuant to Sec.302 of the Sarbanes-Oxley Act of 2002.

32.1**   Certification of Sydney A. Harland, Chief Executive Officer of Global Wataire Inc, pursuant to
         18 U.S.C. Sec.1350, as adopted pursuant to Sec.906 of the Sarbanes-Oxley Act of 2002.

32.2**   Certification of Edmund J. Gorman, Chief Financial Officer of Global Wataire Inc., pursuant to
         18 U.S.C. Sec.1350, as adopted pursuant to Sec.906 of the Sarbanes-Oxley Act of 2002.
</TABLE>

-----------
*     Previously  filed.
**    Filed  herewith.

(b)  Reports  on  Form  8-K.

     -     On  April  4, 2006  we  filed  a  Form 8-K with respect to Item 5.03,
Amendments  To  Articles  Of  Incorporation  Or  Bylaws;  Change In Fiscal Year,
whereby  we reported approval of a reverse split , change of our corporate name,
and  the  creation  of  a  Series  B  common  stock, and Item 5.02, Departure Of
Directors Or Principal Officers; Election Of Directors; Appointment Of Principal
Officers.  Whereby  we reported that on April 11, 2006, Brian Robertson resigned
as  chief financial officer of the Registrant, and Douglas Robertson resigned as
a  director of the Registrant, and on April 13, 2006, Max Weissengruber resigned
as  president  and chief operating officer of the Registrant. Likewise, on April
13,  2006,  we  enlarged  the  board from five to six members and elected Sydney
Harland and Edmund Gorman to serve as directors of the Registrant. Also on April
13,  2006, the board of directors of the Registrant elected Betty-Ann Harland as
chairman, Sydney Harland as president and chief executive officer, Edmund Gorman
as  chief  financial  officer,  and  Max  Weissengruber  as  secretary.


                                   SIGNATURES

     In  accordance  with  the  requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

     Dated July 20, 2006.

                                        Global Wataire, Inc.


                                        By /s/ Sydney A. Harland
                                           -------------------------------------
                                           Sydney A Harland,
                                           Chief Executive Officer


                                        By /s/ Edmund J. Gorman
                                           -------------------------------------
                                           Edmund J. Gorman,
                                           Chief Financial Officer


                                        6
<PAGE>
                               GLOBAL WATAIRE INC.
               (FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
                             (A NEVADA CORPORATION)
                                BUFFALO, NEW YORK

                             ----------------------
                                FINANCIAL REPORTS
                                       AT
                                  May 31, 2006
                             ======================


<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK

TABLE OF CONTENTS
-------------------------------------------------------------------------------
<S>                                                                         <C>
Consolidated Balance Sheets at May 31, 2006 (Unaudited)
  and August 31, 2005                                                        1

Consolidated Statements of Operations for the Three and Nine Months Ended
  May 31, 2006 and 2005 (Unaudited)                                          2

Consolidated Statements of Cash Flows for the Nine Months Ended
  May 31, 2006 and 2005 (Unaudited)                                         3-4

Notes to Consolidated Financial Statements                                  5-6
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED BALANCE SHEETS
====================================================================================================

                                                                          (UNAUDITED)
                                                                            MAY 31,      August 31,
                                                                              2006          2005
----------------------------------------------------------------------------------------------------
<S>                                                                       <C>           <C>
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents                                                 $         -   $       194
Accounts Receivable - Net of Allowance for Doubtful Accounts                        -        15,678
Inventory                                                                           -       190,830
----------------------------------------------------------------------------------------------------

TOTAL CURRENT ASSETS                                                                -       206,702

OTHER ASSETS
Marketing Rights                                                               15,000             -
----------------------------------------------------------------------------------------------------

TOTAL ASSETS                                                              $    15,000   $   206,702
====================================================================================================

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
Bank Overdraft                                                            $        64   $         -
Accounts Payable                                                              149,280        89,524
Deferred Revenue                                                                    -         7,037
Due to Directors                                                              415,667       367,696
Due to Stockholder                                                                  -       172,940
----------------------------------------------------------------------------------------------------

TOTAL LIABILITIES                                                             565,011       637,197
----------------------------------------------------------------------------------------------------

STOCKHOLDERS' DEFICIT
Common Stock:    $.001 Par; 800,000,000 Shares Authorized;
                 483,404,226 Issued and Outstanding                           483,404       483,404
Preferred Stock, Class A:  $.001 Par; 1,000,000 Shares Authorized;
                 100,000 Issued and Outstanding                                   100           100
Preferred Stock, Class B:  $.001 Par; 5,000,000 Shares Authorized;
                 1,000,000 Issued and Outstanding                               1,000         1,000
Preferred Stock, Class C:  $.001 Par; 15,000,000 and -0- Shares
                 Authorized, respectively; 15,000,000 and -0-
                 Issued and Outstanding, respectively.                         15,000             -
Additional Paid-In Capital                                                  2,246,288     2,226,923
Accumulated Deficit                                                        (3,295,803)   (3,141,922)
----------------------------------------------------------------------------------------------------

TOTAL STOCKHOLDERS' DEFICIT                                                  (550,011)     (430,495)
----------------------------------------------------------------------------------------------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                               $    15,000   $   206,702
====================================================================================================
</TABLE>

   The accompanying notes are an integral part of these financial statements.


                                      - 1 -
<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
==============================================================================================

                                        THREE MONTHS ENDED             NINE MONTHS ENDED
                                              MAY 31,                       MAY 31,
                                    ----------------------------  ----------------------------
                                        2006           2005           2006           2005
----------------------------------------------------------------------------------------------
<S>                                 <C>            <C>            <C>            <C>
REVENUES, NET                       $          -   $          -   $          -   $          -

Cost of Goods Sold                             -              -              -              -
----------------------------------------------------------------------------------------------

GROSS PROFIT                                   -              -              -              -
----------------------------------------------------------------------------------------------

EXPENSES
Bad Debts Expense (Recovery)                   -         (8,879)             -         14,065
Consulting Fees                           58,000         98,002        174,000        291,339
Marketing, Including Amortization
  of Marketing Rights                          -         69,820              -        159,725
General and Administrative                62,221        101,735        155,260        207,053
Interest Expense                           7,069          7,360         19,365         15,352
Restructuring Charges                          -         40,713              -        304,881
----------------------------------------------------------------------------------------------

TOTAL EXPENSES                           127,290        308,751        348,625        992,415
----------------------------------------------------------------------------------------------

LOSS FROM OPERATIONS BEFORE
  PROVISION FOR TAXES                   (127,290)      (308,751)      (348,625)      (992,415)

Provision for Taxes                            -              -              -              -
----------------------------------------------------------------------------------------------

LOSS FROM OPERATIONS                    (127,290)      (308,751)      (348,625)      (992,415)

DISCONTINUED OPERATIONS
Gain from Sale of Net Assets of
  Subsidiary, Net of Taxes                     -              -        194,742              -
----------------------------------------------------------------------------------------------

NET LOSS FOR THE PERIOD             $   (127,290)  $   (308,751)  $   (153,883)  $   (992,415)
==============================================================================================

WEIGHTED AVERAGE NUMBER OF
  COMMON SHARES OUTSTANDING -
  BASIC AND DILUTED                  483,404,226    413,790,097    483,404,226    170,219,245

NET LOSS PER COMMON SHARE -
  BASIC AND DILUTED                 $      (0.00)  $      (0.00)  $      (0.00)  $      (0.01)
==============================================================================================
</TABLE>

   The accompanying notes are an integral part of these financial statements.


                                      - 2 -
<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
=============================================================================

Nine Months Ended May 31,                                 2006        2005
-----------------------------------------------------------------------------
<S>                                                    <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES

NET LOSS FOR THE PERIOD                                $(153,883)  $(992,415)

NON-CASH ADJUSTMENTS:
Gain on Sale of Net Assets of Subsidiary                (194,742)          -
Bad Debts                                                      -      14,065
Interest on Directors/Stockholder Loans                   19,365      15,352
Shares Issued to Consultants                                   -      20,000
Compensation Expense on Employee Stock Option Grants           -     108,014

CHANGES IN ASSETS AND LIABILITIES:
Accounts Receivable                                            -       9,119
Prepaid Expenses and Deposits                                  -      40,000
Inventory                                                      -       2,964
Cash Overdraft                                                64           -
Accounts Payable                                          75,213     (11,630)
-----------------------------------------------------------------------------

NET CASH FLOWS FROM OPERATING ACTIVITIES                (253,983)   (794,531)
-----------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES                           -           -
-----------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Common Stock                         -      25,000
Proceeds from Stock Options Exercised                          -     612,082
Payment for Purchase of Common Stock for Cancellation          -      (5,000)
Advances from Directors                                  253,789     357,598
Repayments to Directors                                        -    (227,834)
Advances from Stockholder                                      -      88,697
Repayments to Stockholder                                      -     (54,684)
-----------------------------------------------------------------------------

NET CASH FLOWS FROM FINANCING ACTIVITIES                 253,789     795,859
-----------------------------------------------------------------------------

NET CHANGE IN CASH AND CASH EQUIVALENTS                     (194)      1,328

Cash and Cash Equivalents - Beginning of Period              194         233
-----------------------------------------------------------------------------

CASH AND CASH EQUIVALENTS - END OF PERIOD              $       -   $   1,561
=============================================================================
</TABLE>

                                                               - continued -

   The accompanying notes are an integral part of these financial statements.


                                      - 3 -
<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - CONTINUED
==================================================================================

Nine Months Ended May 31,                                           2006     2005
----------------------------------------------------------------------------------
<S>                                                              <C>         <C>

SUPPLEMENTAL DISCLOSURES
==================================================================================

Interest Paid                                                    $       -   $   -
Income Taxes Paid                                                $       -   $   -
==================================================================================


NON-CASH INVESTING AND FINANCING ACTIVITIES
==================================================================================

ACQUISITION OF MARKETING RIGHTS VIA ISSUANCE OF PREFERRED STOCK  $  15,000   $   -

ASSETS AND LIABILITIES TRANSFERRED TO RELATED PARTIES IN
  CONNECTION WITH SALE OF NET ASSETS OF SUBSIDIARY:
Accounts Receivable                                              $  15,678   $   -
Inventory                                                        $ 190,830   $   -
Accounts Payable                                                 $ (15,457)  $   -
Deferred Revenue                                                 $  (7,037)  $   -
Due to Directors                                                 $(173,333)  $   -
Due to Stockholder                                               $(145,212)  $   -

SALE OF NET ASSETS OF SUBSIDIARY PAID VIA FORGIVENESS OF
  LIABILITIES:
Due to Directors                                                 $ (32,483)  $   -
Due to Stockholder                                               $ (27,728)  $   -
==================================================================================
</TABLE>

   The accompanying notes are an integral part of these financial statements.


                                      - 4 -
<PAGE>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
================================================================================


NOTE A -  BASIS  OF  PRESENTATION
          The  condensed  consolidated  financial  statements  of  Global
          Wataire,  Inc.,  and  Subsidiary  (the "Company") included herein have
          been prepared by the Company, without audit, pursuant to the rules and
          regulations  of  the  Securities  and Exchange Commission (the "SEC").
          Certain  information  and  footnote  disclosures  normally included in
          consolidated  financial  statements  prepared  in  conjunction  with
          generally  accepted  accounting  principles  have  been  condensed  or
          omitted  pursuant  to such rules and regulations, although the Company
          believes  that  the  disclosures  are adequate to make the information
          presented  not  misleading.  These  condensed  consolidated  financial
          statements  should  be  read  in  conjunction  with the annual audited
          consolidated  financial  statements  and the notes thereto included in
          the  Company's Form 10-KSB Annual Report, and other reports filed with
          the  SEC.

          The  accompanying  unaudited  interim  consolidated  financial
          statements  reflect  all  adjustments of a normal and recurring nature
          which  are,  in the opinion of management, necessary to present fairly
          the  financial  position,  results of operations and cash flows of the
          Company  for  the interim periods presented. The results of operations
          for these periods are not necessarily comparable to, or indicative of,
          results of any other interim period of or for the fiscal year taken as
          a  whole.  Certain  financial  information  that  is  not required for
          interim  financial  reporting  purposes  has  been  omitted.

          RECLASSIFICATIONS
          Certain  amounts  in  the  prior  year  consolidated  financial
          statements  have  been  reclassified  to conform with the current year
          presentation.  The  reclassifications  made  to the prior year have no
          impact  on  the  net  income  (loss),  or  overall presentation of the
          consolidated  financial  statements.

NOTE B -  THE  COMPANY
          On  January  6,  2006,  the  Board  of  Directors  approved  the
          following:
               1.   A grant  of  discretionary  authority  to  implement  a
                    reverse  split  of  the issued and outstanding shares of our
                    common  stock  on  the basis of one post-consolidation share
                    for  each  1,000  pre-consolidation  shares  to  occur
                    immediately,  pending  stockholder  approval.
               2.   An amendment  to  our  Articles  of  Incorporation  to
                    provide  for the creation of a second series of common stock
                    to  be known as "Series B Common Stock," pending stockholder
                    approval.
               3.   An amendment  to  our  Articles  of  Incorporation  to
                    provide  for  the  change  in  our  corporate  name  from
                    International  Development  Corp.  to  Global  Wataire  Inc.

NOTE C -  DISCONTINUED  OPERATIONS
          On  January  6,  2006,  the  Board  of  Directors  approved  the Asset
          Sales  Agreement  between  the  Company  and  Max  Weissengruber,  the
          Company's  Chief  Operations  Officer,  and  D.  Brian  Robertson, the
          Company's  former  Chief  Financial Officer. The Asset Sales Agreement
          replaces  the  Stock  Purchase  Agreement  that  had  been  previously
          approved  on  September  29,  2005,  but was subsequently rescinded on
          January  6,  2006. The Company sold 100% of the assets and liabilities
          of  FreshWater  Technologies,  Inc.  to  Mr.  Weissengruber  and  Mr.
          Robertson  for  a  total purchase price of $60,211. The purchase price
          was  paid  through  the forgiveness of debts owed to Mr. Weissengruber
          and  Mr.  Robertson  by  the  Company.  The  fair  market value of the
          liabilities  of  FreshWater  Technologies,  Inc.  being assumed by Mr.
          Weissengruber  and  Mr.  Robertson exceed the assets being sold to Mr.
          Weissengruber and Mr. Robertson by $134,531. As a result of this sale,
          the  Company  has  no  revenue  generating  operations  at  this time.


                                      - 5 -
<PAGE>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
================================================================================


NOTE D -  MARKETING  RIGHTS
          On  October  12,  2005,  the  Company  entered  into  an  Exclusive
          Licensing Agreement with Wataire Industries, Inc., an unrelated party,
          for  the  exclusive  right to distribute and sell the technology-based
          water generation and purification products of Wataire Industries, Inc.
          in  the  United  States  of  America,  for  an  indefinite  period. In
          consideration of the Exclusive Licensing Agreement, the Company issued
          15,000,000  shares  of  Preferred  Stock,  Class C, valued at $15,000.

          On  June  27,  2006  this  agreement  was  terminated  (See  Note  G).

NOTE E -  GOING  CONCERN
          The  Company's  consolidated  financial  statements  have  been
          presented  on the basis that it is a going concern, which contemplates
          the  realization  of assets and the satisfaction of liabilities in the
          normal  course  of business. The Company has reported recurring losses
          from  operations.  As  a  result,  there  is an accumulated deficit of
          $3,295,803  at  May  31,  2006.

          The  Company's  continued  existence  is  dependent  upon  its ability
          to  raise  capital  or  acquire a marketable company. The consolidated
          financial  statements  do  not  include  any adjustments that might be
          necessary should the Company be unable to continue as a going concern.

NOTE F -  RECENTLY  ISSUED  ACCOUNTING  STANDARDS
          In  February  2006,  the  Financial  Accounting  Standards  Board
          ("FASB")  issued  Statement  of Financial Accounting Standard ("SFAS")
          No.  155,  "Accounting  for  Certain Hybrid Financial Instruments - an
          amendment  of  FASB  Statement No. 133 and 140" ("SFAS 155"). SFAS 155
          resolves  issues  addressed  in Statement 133 Implementation Issue No.
          D1,  "Application  of  Statement  133  to  Beneficial  Interest  in
          Securitized Financial Assets." SFAS 155 is effective for all financial
          instruments acquired or issued after the beginning of the first fiscal
          year  that  begins  after  September 15, 2006. As such, the Company is
          required to adopt these provisions at the beginning of the fiscal year
          ended  August 31, 2008. The Company is currently evaluating the impact
          of  SFAS  155  on  its  consolidated  financial  instruments.

          In  March  2006,  the  FASB  issued  SFAS  No.  156,  "Accounting  for
          Servicing  of  Financial  Assets  - an amendment of FASB Statement No.
          140" ("SFAS 156"). SFAS 156 amends FASB Statement No. 140 with respect
          to  the  accounting  for  separately  recognized  servicing assets and
          servicing  liabilities.  SFAS  156  requires all separately recognized
          servicing assets and servicing liabilities to be initially measured at
          fair value, if practical. SFAS 156 is effective as of the beginning of
          the  first  fiscal year that begins after September 15, 2006. As such,
          the  Company is required to adopt these provisions at the beginning of
          the  fiscal  year  ended  August  31,  2008.  The Company is currently
          evaluating  the  impact  of  SFAS  156  on  its consolidated financial
          statements.


                                      - 6 -
<PAGE>
GLOBAL  WATAIRE  INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
================================================================================

NOTE G -  SUBSEQUENT  EVENTS
          On  June  27,  2006,  the  Company  announced  that  it had terminated
          the  Marketing  Rights/Exclusive  License  Agreement  with  Wataire
          Industries,  Inc.,  that was executed on October 12, 2005. The license
          granted  an  exclusive license for the entire United States of America
          covering  certain  processes and products relating to technology based
          water  generation and purification. The license granted in October was
          subsequently expanded by agreement of the parties to be worldwide. The
          license  agreement was perpetual, non-revocable, and assignable by the
          Company.

          In  connection  with  the  termination  of  the license agreement, the
          Company decided to terminate its relationship with Wataire Industries,
          Inc.,  and  cancel  the issuance of 15,000,000 shares of the Company's
          Series C preferred stock and 25,000 shares of Series A preferred stock
          that  had been issued to Phil Fraser and William Robertson in exchange
          for  the  license  agreement.


                                     - 7 -