SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549    FORM
10-Q   [X] QUARTERLY REPORT
UNDER SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended June 30,
2008  [ ] TRANSITION REPORT
UNDER SECTION 13 OR 15 ( d ) OF THE EXCHANGE ACT  For the transition period from
____________ to____________  Commission File No. 000-49990   PCS
EDVENTURES!.COM, INC. (Exact name of Registrant as specified in
its charter)  Idaho
82-0475383(State or Other Jurisdiction of
(I.R.S. Employer Identification No.)incorporation or organization)  345 Bobwhite Court, Suite 200 Boise, Idaho 83706  (Address of Principal Executive Offices)  (208) 343-3110 (Registrants telephone number, including
area code)  N/A (Former name, former address and former
fiscal year, if changed since last report)  Indicate by check mark whether the
Registrant has (1) filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 (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 [  ]  Indicate by check mark whether the
Registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company.  See definition of large
accelerated filer, accelerated filer and smaller reporting company in Rule
12b-2 of the Exchange Act.  (Check one):  Large accelerated filer [  ]
     Accelerated filer [  ]
      Non-accelerated filer [  ]
     Smaller reporting company [X]  Indicate by check mark whether the
Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]      1     APPLICABLE
ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE
YEARS  Indicate by check mark whether the registrant has filed
all documents and reports required to be filed by Sections 12, 13 or 15(d) of
the Securities Exchange Act of 1934 subsequent to the distribution of securities
under a plan confirmed by a court.  Not applicable.  APPLICABLE ONLY TO CORPORATE ISSUERS  Indicate the number of shares outstanding of each of the
Registrants classes of common stock, as of the latest practicable date: July 10, 2008 37,606,487 Shares of Common Stock.  PART I   Item 1.  Financial Statements  The Financial Statements of the
Registrant required to be filed with this 10-Q Quarterly Report were prepared by
management and commence below, together with related notes. In the opinion of
management, the Financial Statements fairly present the financial condition of
the Registrant.    2      PCS
EDVENTURES!.COM, INC. AND SUBSIDIARY Consolidated Balance Sheets  ASSETSJune 30,
March 31,2008
2008(Unaudited)
(Audited)CURRENT
ASSETSCash
$     1,899,982
$
         1,082,622Accounts
receivable, (less allowance of $4,288 and $6,617, respectively)
433,840
707,030Prepaid
expense
15,124
15,534Deferred
costs
87,774
52,502Finished
goods inventory (Net)
268,902
257,210Other
receivable
-
13,829Total
Current Assets
2,705,622
2,128,727FIXED ASSETS
(Net) (Note 4)
18,926
33,517EDUCATIONAL
SOFTWARE (Net) (Note 5)
102,166
67,163INTELLECTUAL
PROPERTY (Net )(Note 6)
93,750
112,500GOODWILL
(Note 7)
485,238
485,238OTHER
ASSETSDeposits
7,371
7,371Employee
advances
38
-Total Other
Assets
7,409
7,371TOTAL
ASSETS
$     3,413,111
$
          2,834,516   The accompanying notes are an integral part
of these consolidated financial statements  3        PCS EDVENTURES!.COM, INC. AND SUBSIDIARY Consolidated Balance Sheets  Liabilities & Stockholders
EquityJune 30,
March 31,2008
2008CURRENT LIABILITIES
(Unaudited)
(Audited)Accounts payable and other current
liabilities
$
      135,313
$
            198,705Accrued compensation
105,506
78,820Payroll liabilities payable
9,678
10,269Accrued expenses (Note 8)
91,084
48,485Deferred revenue
733,883
288,703Notes Payable (NET) (Note 9)
21,850
26,438Total Current Liabilities
1,097,314
651,420Total Liabilities
1,097,314
651,420COMMITMENTS AND CONTINGENCIES (Note 10)STOCKHOLDERS EQUITY (Note 11)Common stock, no par value, 60,000,000
31,167,995
30,698,000authorized shares, 37,536,487  and
36,976,446 shares issuedand outstanding, respectivelyAccumulated comprehensive loss
1,110
(259)Accumulated deficit
(28,853,308)
(28,514,645)Total Stockholders Equity
2,315,797
2,183,096TOTAL LIABILITIES AND STOCKHOLDERS EQUITY
$
    3,413,111
$
          2,834,516       The accompanying notes are an integral part
of these consolidated financial statements  4         PCS EDVENTURES!.COM, INC. AND SUBSIDIARY Consolidated Statements of Operations   For the Three Months EndedJune 30,2008
(unaudited)

2007
(unaudited)REVENUESLab revenue
$
                          887,745

$
                    627,212License revenue
53,035

27,658Total Revenues
940,780

654,870COST OF GOODS SOLD
554,657

332,374GROSS PROFIT
386,123

322,496OPERATING EXPENSESSalaries and wages
286,366

214,876Depreciation and amortization expense (Note
12)
37,752

41,510Option/warrant expense
97,195

158,971General and administrative expenses
303,658

210,099Total Operating Expenses
724,971

625,456OPERATING LOSS
(338,848)

(302,960)OTHER INCOME AND EXPENSESInterest expense
-

(3,783)Interest income
4,878

2,235Other income
315

-Other expense
(5,008)

-Loss on extinguishment of debt (Net)
-

(4,545)Total Other Income and Expenses
185

(6,093)NET LOSS
(338,663)

(309,053)Foreign currency translation
(1,369)

8,454NET COMPREHENSIVE LOSS
$
        (340,032)

$
        (300,599)Basic Loss per Share
($0.01)

($0.01)Weighted Average Number of Shares
Outstanding
32,657,473

30,948,403   The accompanying notes are an integral part
of these consolidated financial statements   PAGE
5       PCS EDVENTURES!.COM, INC. AND SUBSIDIARY Consolidated Statements of Cash Flows  For the Three Months EndedJune 30,2008
(unaudited)

2007
(unaudited)CASH FLOWS FROM OPERATING ACTIVITIESNet Loss
$
          (338,663)

$
        (309,053)Adjustments to reconcile net loss to net cash used
by operating activities:Depreciation
37,365

31,559Stock and options issued for compensation
48

138,629Capitalized Costs for Warrants
97,147

-Stock and options issued for board
compensation
-

14,995Amortization of debt discount
-

20,342Changes in operating assets and liabilities:(Increase) decrease in accounts receivable
273,190

(117,193)Decrease in inventories
(11,692)

24,885(Increase) decrease in deferred costs
-

(11,502)(Decrease) in accounts payable and accrued
liabilities
5,302

(800)(Decrease) increase in interest payable
-

(9,933)Increase (decrease) in unearned revenue
445,180

74,032Increase in other assets
(21,071)

75,647Net Cash Provided (Used) by Operating
Activities
486,806

(68,392)CASH FLOWS FROM INVESTING ACTIVITIESCapitalized Software Development Expense
(39,027)

-Net Cash Provided (Used) by Investing
Activities
(39,027)

-CASH FLOWS FROM FINANCING ACTIVITIESPayments on notes payable
(4,588)

(219,742)Proceeds from exercise of warrants
372,800

600,000Proceeds from common stock and exercise of
options
-

76,789Net Cash Provided (Used) by Financing
Activities
368,212

457,047Foreign currency translation
1,369

8,454Net Increase (Decrease) in Cash
817,360

397,109Cash at Beginning of Year
1,082,622

47,764Cash at End of Year
$
         1,899,982

$
          444,873   The accompanying notes are an integral part
of these consolidated financial statements   PAGE
6     PCS EDVENTURES!.COM, INC. AND SUBSIDIARY Consolidated Statements of Cash Flows
(continued) For the Three Months EndedJune 30,2008
(unaudited)

2007
(unaudited)NON-CASH INVESTING & FINANCING
ACTIVITIES:NoneCASH PAID FOR:Interest
$
               -

$
           3,783Income taxes
-

-                  The accompanying notes are an integral part
of these consolidated financial statements   PAGE
7     PCS EDVENTURES!.COM, INC. AND SUBSIDIARY Notes to the Consolidated Financial
Statements June 30, 2008 and 2007 (unaudited)  NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS  The consolidated financial statements
presented are those of PCS Edventures!.com, Inc., an Idaho Corporation, PCS
Schools, Inc., and its wholly-owned subsidiary, PCS LabMentors, LTD., a Canadian
company, (collectively, the Company).  On August 3, 1994, PCS
Edventures!.com, Inc., was incorporated under the laws of Idaho to engage in
web-based and site-licensable educational products.  In October 1994, an agreement was
authorized allowing the Company to exchange, on a one-for-one basis, common
stock for stock of PCS Schools, Inc. As a result of this Agreement, PCS Schools,
Inc. became a wholly-owned subsidiary of the Company.  In the late 1990s,
the Company divested the stand-alone learning labs to focus more on a hands-on
module coupled with web-based technology for use in the classroom.  On March 27, 2000, the Company changed
its name from PCS Education Systems, Inc. to PCS Edventures!.com, Inc.  On November 30, 2005, the Company
entered into an agreement with 511092 N.B. LTD. dba LabMentors to exchange PCS
stock for stock of 511092 N.B. LTD. as disclosed in the 8-K as filed with the
Securities and Exchange Commission (the SEC) SEC on December 9, 2005, and
amended on February 15, 2006.  As a result of the Share Exchange Agreement,
511092 N.B. LTD. became a wholly owned subsidiary of the Company.  In
December 2005, the name of this subsidiary was formally changed to PCS
LabMentors, LTD. It remained a Canadian corporation.  NOTE 2 - BASIS OF FINANCIAL STATEMENT PRESENTATION  The accompanying unaudited condensed
consolidated financial statements have been prepared by the Company pursuant to
the rules and regulations of the SEC.  The condensed consolidated financial
statements include the results of PCS Edventures!.com, Inc. and its
subsidiaries.  The subsidiaries include PCS School, Inc. and PCS
LabMentors, LTD., which the Company acquired in October 1994 and November 2005,
respectively. Certain information and footnote disclosures normally included in
financial statements prepared in accordance with accounting principles generally
accepted in the United States of America have been condensed or omitted in
accordance with such rules and regulations.  The information furnished in
the interim condensed consolidated financial statements includes normal
recurring adjustments and reflects all adjustments, which, in the opinion of
management, are necessary for a fair presentation of such financial statements
and presented on an unaudited basis.  Although management believes the
disclosures and information presented are adequate not to make the information
misleading, it is suggested that these interim condensed consolidated financial
statements be read in conjunction with the Companys most recent audited
financial statements and notes thereto included in its March 31, 2008, Annual
Report on Form 10-KSB, which is on file with the SEC.  The operating results for the
three-month period ended June 30, 2008, and June 30, 2007, are not necessarily
indicative of the results that may be expected for the year ending March 31,
2008.  NOTE 3 - GOING CONCERN  The Companys consolidated financial
statements are prepared using Generally Accepted Accounting Principals
applicable to a going concern that contemplates the realization of assets and
liquidation of liabilities in the normal course of business. The Company has a
strong cash position as well as other material assets. This
position was enhanced through the conversion of debt. The established
source of revenues is not sufficient to cover its operating cost. Although the
Company has positive working capital, it has accumulated significant losses and
a deficit in stockholders equity. The combination of these items raises
substantial doubt about its ability to continue as a going concern. Managements
plans with respect to alleviating this adverse position, that caused the Company
to express doubt about the Companys ability to continue as a going concern are
as follows:   8      PCS EDVENTURES!.COM, INC. AND SUBSIDIARY Notes to the Consolidated Financial
Statements June 30, 2008 and 2007 (unaudited)  NOTE 3 - GOING CONCERN (Continued)  During
the fiscal year ended March 2008, the Company continued discussion with several
target companies for possible merger and acquisition activities. The Company
continued to strengthen its strategic alliances with KNEX, Science Demo, fischertechnik, MR Block, Integrating
Technology, Minds-i, Follette, Whole School, Trudy Corporation and Eduwise for
further product development and enhancement. The Company has also introduced the
PCS Digital Media Labs, which saw strong sales of approximately $327,600 in FY
2008. The Company has recently engaged outside consultants in an effort to
strengthen its market positioning and product development focus. To date, the
Company has continued to develop marketplace strategy for the US market, as well
as the international market.  Further, the Company is still pursuing merger
and acquisition candidates and looking at various strategies to realign products
and develop new market channels.  The ability of the Company to continue
as a going concern is dependent upon its ability to successfully accomplish the
plans described in the preceding paragraphs and eventually attain profitable
operations. The accompanying consolidated financial statements do not include
any adjustments that might be necessary if the Company is unable to continue as
a going concern.  NOTE 4 - FIXED ASSETS  Assets and depreciation for the period
are as follows: June 30, 2008Computer/office equipment
$
              14,340Server equipment
117,346Accumulated depreciation
(112,760)Total Fixed Assets
$
              18,926  NOTE 5 - EDUCATIONAL SOFTWARE  The Companys inventory consists of
internally developed education computer programs and exercises to be accessed on
the Internet. In accordance with FAS 86, the costs associated with research and
initial feasibility of the programs and exercises are expensed as incurred. Once
economic feasibility has been determined, the costs to develop the programs and
exercises are capitalized until they are ready for sale and access and are
reported at the lower of unamortized cost or net realizable value. Capitalized
program and exercise inventory are amortized on a straight-line basis over the
estimated useful life of the program or exercise, generally 36 to 48 months.  NOTE 6 - INTELLECTUAL PROPERTY  The Companys intellectual property
consists of capitalized costs associated with the development of the Internet
software and delivery platform developed by the Company to enable access to the
various educational programs and exercises developed by the Company. In
accordance with FAS 86 as discussed previously regarding inventory, the initial
costs associated with researching the delivery platform and methods were
expensed until economic feasibility and acceptance were determined. Thereafter,
costs incurred to develop the Internet online delivery platform and related
environments were capitalized until ready for use and able to deliver and access
the Companys educational programs and exercises. Costs incurred thereafter to
maintain the delivery and access platform are expensed as incurred. These
capitalized costs are being amortized on a straight-line basis over the
estimated useful life of the Companys delivery and access platform, which has
been determined to be 60 months.  NOTE 7 - GOODWILL  The entire goodwill balance of
$485,238 at June 30, 2008, which is not deductible for tax purposes due to the
purchase being completed through the exchange of stock, is related to the
Companys acquisition of PCS LabMentors in December 2005. Included within this
amount of goodwill is $135,658 of costs associated with the acquisition. The
capitalized costs are for accounting, consulting, and legal fees associated with
the transaction. With  9      PCS EDVENTURES!.COM, INC.
AND SUBSIDIARY Notes to the Consolidated Financial
Statements June 30, 2008 and 2007 (unaudited)  NOTE 7 - GOODWILL (Continued)  the acquisition of PCS LabMentors, the Company gained
LabMentors significant interest in the technical college market and increased
the products available to educational outlets. The Company also obtained the
information technology and programming expertise of LabMentors' workforce,
additional cost optimization, and greater market flexibility in optimizing
market information and access to collegiate level sales.  The provisions of SFAS 142 require
that a two-step impairment test be performed annually or whenever events or
changes in circumstances indicate that the carrying value of an asset may not be
recoverable. The first step of the test for impairment compares the book value
of the Company to its estimated fair value.  We undertook an impairment review at
the end of the fiscal year ended March 31, 2008.  After reviewing current
operating losses and future growth potential of the subsidiary, the Company
determined that no impairment was created. The basis for this determination
included the growth of existing clients since the end of the fiscal year,
conversations with potential customers for the upcoming year, the proven record
since a bank account was established for the company to sustain operations for
the foreseeable future, as well as the added economies of scale the subsidiary
has added to the Company as a whole, including several technical performance
enhancements supplied by LabMentors to supplement the core capabilities of PCS,
such as creation of added internet service bandwidth and associated signal
routing capabilities not known to the technical people at PCS; locating and
managing a demonstration server on their system for a wide variety of PCS
products; and assisting technical people from PCS and E2S in the creation and
management of a server to host the PCS STEPS® product. In conclusion, the
Company felt and still feels that LabMentors brought more than a cutting edge
product to PCS, but the acquisition also brought vertical integration and
technology not previously known by PCS.  NOTE 8 - ACCRUED EXPENSES  Accrued expenses are made up of credit
card debt of $44,554, stock payable of $47,207, and a refund of Canadian sales
tax at June 30, 2008, for a total of $91,084.  NOTE 9 - NOTES PAYABLE  Notes payable are made up of the
following at June 30, 2008:  Notes payable to a Canadian governmental agency
bearing no interest, with payments due the 1st of each month,
unsecured
$
              21,850Total Notes Payable
$
              21,850  NOTE 10  COMMITMENTS AND CONTINGENCIES  a. Operating Lease Obligation  The Company leases its main office
under a non-cancelable lease agreement accounted for as an operating lease. The
lease expires in June 2012.  Fiscal Year
Monthly Obligation2009
$10,3502010
$10,6502011
$10,9502012
$11,250Total
$639,000   10       PCS EDVENTURES!.COM, INC. AND SUBSIDIARY Notes to the Consolidated Financial
Statements June 30, 2008 and 2007 (unaudited)  NOTE 10  COMMITMENTS AND CONTINGENCIES ( Continued)  a. Operating Lease Obligation (continued)  Rent expense for the corporate offices
was $27,603 and $22,025 for the quarters ended June 30, 2008 and 2007,
respectively, under this lease arrangement.  The Company leases additional
warehouse space in Boise, Idaho. This warehouse space consists of approximately
2,900 square feet. Rent obligations are approximately $1,440/month through
February 2009 and $1,575/month through February 28, 2010. Rent expense was
$4,926 and $4,312 for the quarters ended June 30, 2008 and 2007,
respectively.  The Company leases office space for
its subsidiary in Canada. This lease is a month-to-month lease that may be
cancelled at any time. The monthly rental obligation is approximately $1,143.
The Company intends to continue to lease this space on a month-to-month basis
through July 30, 2008. Effective August 1, 2008 , the subsidiary plans to
relocate.  Monthly rent will be approximately $600.  Rent expense was
approximately $3,150 and $3,400 for the quarters ended June 30, 2008 and 2007,
respectively.  b. Litigation  The Company is currently in a lawsuit
that is pending in the United States District Court of Idaho, Case No.
CV08-00089. This lawsuit has been brought about by a former employee who is
asserting breach of contract and breach of implied covenant of good faith and
fair dealings with respect to an agreement entered into on or about April 1,
2004. The plaintiff is seeking specific performance on the issuance of an
additional 146,858 shares of common stock or damages in excess of $75,000. The
Company has retained the services of Hawley Troxell Ennis & Hawley, LLP
Attorneys at Law. As of this filing, the Company believes we have a meritorious
defense and will prevail in all litigations surrounding this matter.  NOTE 11 - STOCKHOLDERS EQUITY  The Stockholders Equity Section
increased during the quarter due to the following transactions:  During the quarter ended June 30,
2008, the Company issued 460,000 shares of common stock to Burlingame Equity
Investors, LP for the exercise of Warrant A at a per share price of $0.68.  During the quarter ended June 30,
2008, the Company issued 41 shares of common stock to a consultant for services
rendered valued at $48.  During the quarter ended June 30,
2008, the Company issued 100,000 shares of common stock for the conversion of
Warrants at a per share price of $0.60.  During the quarter ended June 30,
2008, the Company expensed amounts related to stock options previously issued in
accordance with FAS 123(R) valued at $97,147.    11      PCS EDVENTURES!.COM, INC. AND SUBSIDIARY Notes to the Consolidated Financial
Statements June 30, 2008 and 2007 (unaudited)  NOTE 11 - STOCKHOLDERS' EQUITY (Continued)  The Company accounts for stock-based
employee compensation in accordance with SFAS 123(R) (revised 2004) Share-Based
Payment.   SFAS No. 123(R) requires employee stock-based compensation
to be measured based on the fair value as of the grant-date of the awards and
the cost is to be recognized over the period during which an employee is
required to provide services in exchange for the award.  Historically, the
company used the intrinsic method of valuation as specified in APB No. 25, ,
Accounting for Stock Issued to Employees and related interpretations, and,
accordingly, no compensation cost had been recognized for stock options in prior
years.  This pronouncement eliminates the alternative use of Accounting
Principles Board (APB) No. 25, wherein the intrinsic value method of accounting
for awards is used.  As a result of adopting the fair value method for
stock compensation, all future awards and current awards vesting in future
periods will be expensed over the stock options' vesting period as defined in
its contract award.  The Company adopted this provision during the fiscal
year ended March 31, 2007. A summary of the status of the
Company's outstanding stock options and warrants as of June 30, 2008 is
presented below:  Weighted AverageShares
Exercise PriceOutstanding, beginning of year
6,586,787
$
                   0.78Granted
-
-Expired/Cancelled
-
-Exercised
560,000
3.29Outstanding, end of year
6,026,787
$
                   0.79Exercisable
4,838,733
$
                    0.80  NOTE 12  DEPRECIATION AND AMORTIZATION EXPENSE  During the period ended June 30, 2008,
the Company had depreciation expense of $37,752.  This amount was related
to depreciation of fixed assets for the quarter.  NOTE 13 - SUBSEQUENT EVENTS  None.   12      Item 2. Managements Discussions and
Analysis of Financial Condition and Results of Operations.  Forward-looking Statements  Statements made in this Quarterly
Report which are not purely historical are forward-looking statements with
respect to the goals, plan objectives, intentions, expectations, financial
condition, results of operations, future performance and our business,
including, without limitation, (i) our ability to raise capital, and (ii)
statements preceded by, followed by or that include the words may, would,
could, should, expects, projects, anticipates, believes,
estimates, plans, intends, targets, or similar expressions.  Forward-looking statements involve
inherent risks and uncertainties, and important factors (many of which are
beyond our control) that could cause actual results to differ materially from
those set forth in the forward-looking statements, including the following,
general economic or industry conditions, nationally and/or in the communities in
which we may conduct business, changes in legislation or regulatory
requirements, our ability to raise capital, changes in accounting principles,
policies or guidelines, financial or political instability, acts of war or
terrorism, other economic, competitive, governmental, regulatory and technical
factors affecting our current or potential business and related matters.  Accordingly, results actually achieved
may differ materially from expected results in these statements.
 Forward-looking statements speak only as of the date they are made.
 We do not undertake, and specifically disclaim, any obligation to update
any forward-looking statements to reflect events or circumstances occurring
after the date of such statements.  Plan of Operation  PCS intends to continue to operate in
the same manner as prior years, including continuing to look for viable
acquisition candidates to further enhance the product lines and enhance
marketing efforts to more effectively penetrate the world market.  PCS
LabMentors will continue to expand into the collegiate market, as well as
undertake new projects with existing customers for an increased revenue base.
Fiscal year 2008 ended with a strong cash in hand position of $1,082,622.
 PCS as a whole intends to continue to fund operations based on lab sales
to existing and new customers to provide cash for operations throughout the
coming fiscal year. There are not expected to be any significant changes in the
number of employees.  Results of Operations  The quarter ended June 30, 2008,
resulted in a net loss of ($338,663) as compared to the net loss during the
quarter ended June 30, 2007 of ($309,053).  The Company has increased its
losses from the prior fiscal year same three-month period by $29,610 or
approximately 9.6%, due to the increase in the cost of sales.  The Basic
Income (Loss) per Share for the quarter ended June 30, 2008, is ($0.01), which
is comparable to the value per share from the quarter ended June 30, 2007, of
($0.01) per share.  The Earnings Before Interest, Taxes,
and Depreciation (EBITDA) for the three-month period ended June 30, 2008, was a
loss of approximately ($305,789), as compared to the EBITDA (Losses) for the
three-month period ended June 30, 2007, of approximately ($265,995). (Note: the
June 30, 2007 original EBITDA calculation of ($107,024) included an adjustment
for the non-cash warrant/option expense recognized, as required by FAS123R in
the amount of ($158,971). In order to report EBITDA as it is generally defined,
the FAS123R amount of ($158,971) was removed from the 2007 calculation, which
adjusted the EBITDA for the three-month period ending June 30, 2007, from
($107,024) as originally reported to ($265,995).  Liquidity  As of the quarter ending June 30,
2008, we had $1,899,982 in Cash, with total current assets of $2,705,622 and
total current liabilities of $1,097,314. We have an accumulated deficit of
($28,853,308) and stockholders equity of $2,315,797.  The Company has a current ratio of
2.47. The current ratio at June 30, 2007, was 1.95. The ratio indicates that we
are have effectively managed debt and have available resources to help continue
company growth through internal and external means. We have utilized the current
ratio over a quick ratio due to the fact that most items in inventory are easily
saleable should the need to liquidate arise.  13       The Company has working capital of
$1,608,307 at June 30, 2008. The working capital indicates that our ability to
pay current debt obligations through our current assets is favorable. The
working capital for the quarter ended June 30, 2007 was $450,826. This increase
was due primarily to the increase in sales during the first quarter ended June
30, 2008, and the conversion of debt during the fiscal year 2007.    Item 3.  Quantitative and Qualitative Disclosures
About Market Risk.  Not required.  Item 4T.  Controls and Procedures.  Evaluation of disclosure controls and procedures  Our management, with the participation
of our chief executive officer, evaluated the effectiveness of our disclosure
controls and procedures as defined in Rule 13a-15(e) under the Exchange Act as
of the end of the period covered by this Quarterly Report on Form 10-Q.  In
designing and evaluating the disclosure controls and procedures, our management
recognized that any controls and procedures, no matter how well designed and
operated, can provide only reasonable assurance of achieving the desired control
objectives.  In addition, the design of disclosure controls and procedures
must reflect the fact that there are resource constraints and that management is
required to apply its judgment in evaluating the benefits of possible controls
and procedures relative to their costs.  The design of any disclosure
controls and procedures also is based in part upon certain assumptions about the
likelihood of future events and there can be no assurance that any design will
succeed in achieving its stated goals under all potential future conditions.  Based on that evaluation, the chief
executive officer concluded that, as of June 30, 2008, our disclosure controls
and procedures were, subject to the limitations noted above, effective to
provide reasonable assurance that information we are required to disclose 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, regulations and forms, and that such information is
accumulated and communicated to our management, including our chief executive
officer, as appropriate, to allow timely decisions regarding required
disclosure.  Changes in internal control over financial reporting  Our management, with the
participation of the chief executive officer, has concluded there were no
significant changes in our internal controls over financial reporting that
occurred during our last fiscal quarter that has materially affected, or is
reasonably likely to materially affect, our internal control over financial
reporting.   PART II - OTHER INFORMATION   Item 1. Legal Proceedings.   The Company is currently in a lawsuit
that is pending in the United States District Court of Idaho, Case No.
CV08-00089. This lawsuit has been brought about by a former employee who is
asserting breach of contract and breach of implied covenant of good faith and
fair dealings with respect to an agreement entered into on or about April 1,
2004. The plaintiff is seeking specific performance on the issuance of an
additional 146,858 shares of common stock or damages in excess of $75,000. The
Company has retained the services of Hawley Troxell Ennis & Hawley, LLP
Attorneys at Law. As of this filing, The Company believes we have a meritorious
defense and will prevail in all litigations surrounding this matter.  Item 1A.  Risk Factors.  There have been no material changes
from risk factors as previously disclosed. .  Item 2. Recent Sale of Unregistered Securities:  During the last fiscal quarter, we
sold the securities listed below in unregistered transactions. Each of the sales
was sold in reliance on the exemption provided for in Section 4(2) of the
Securities Act of 1933, as amended  14      (the Securities Act). No underwriting fee or other
compensation was paid in connection with the issuance of shares.  Common
PreferredDescription
Shares
Amount
Shares
AmountConsultant
41
$
                  48
-
-Conversion of Warrants (2)
560,000
$
         372,800
-
-  We issued these securities to persons
who were either accredited investors, or sophisticated investors who, by
reason of education, business acumen, experience or other factors, were fully
capable of evaluating the risks and merits of an investment in our Company; and
each had prior access to all material information about us. We believe that the
offer and sale of these securities was exempt from the registration requirements
of the Securities Act of 1933, as amended (Securities Act), pursuant to
Sections 4(2) and 4(6)thereof, and Rule 506 of Regulation D of the SEC and from
various similar state exemptions, and with respect to the foreign investors,
pursuant to Regulation S of the SEC.   Item 3. Defaults Upon Senior Securities.  None; not applicable.   Item 4. Submission of Matters to a Vote of Security
Holders.  No matter was submitted to the
shareholders during the first quarter of the fiscal year covered by this report
through the solicitation of proxies or otherwise.   Item 5. Other Information.   None; not applicable.  Item 6. Exhibits.   Exhibit No.                       Identification
of Exhibit  31


32
Certification Pursuant to Section 302 of the
Sarbanes-Oxley Act provided by Anthony A. Maher President, CEO, and
Director.

Certification Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002 provided by Anthony A. Maher President, CEO,
and Director.     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  PCS
EDVENTURES!.COM, INC.  Dated:
August 14, 2008

By:
/s/Anthony A. MaherAnthony A. MaherCEO, President and Chairman of the Board of
Directors       15      SIGNATURES (Continued)   In accordance with the Exchange Act,
this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.   Dated
August 14, 2008

By:
/s/Donald J. FarleyDonald J. FarleySecretary and Director  Dated
August 14, 2008

By:
/s/Cecil D. AndrusCecil D. AndrusDirector  Dated
August 14, 2008

By:
/s/Dehryl A. DennisDehryl A. DennisDirector  Date
August 14, 2008

By:
/s/Michael K. McMurrayMichael K. McMurrayDirector   16