U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark
One) [X] QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE
QUARTERLY PERIOD ENDED AUGUST 31, 2010 [
 ] TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____ TO ______. Commission
File Number: 333-167275 MOKITA, INC.(Exact name of Registrant as specified in
its charter)  Nevada
46-0525378(State or other jurisdiction of incorporation or
organization)
(IRS Employer Identification No.)  11420  142 Street
NWEdmonton, AB T5M  1V1 (Address
of principal executive offices) (780) 708-4962(Issuers Telephone Number) Indicate by check mark 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), Yes XX   No ___    and (2)
has been subject to such filing requirements for the past 90 days. Yes XX   No    ___ Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
 Yes  [  ]  No  [x]  Not Required by smaller
reporting companies. Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, or a smaller reporting company.
 See the definitions of large accelerated filer, accelerated filer and
smaller reporting company in Rule 12b-2 of the Exchange Act. Large accelerated filer [
 ] Accelerated
filer [  ] Non-accelerated filer [  ]
(Do not check if a smaller reporting company) Smaller
reporting company [X] Indicate
by check mark whether the registrant is a shell company: [x]
Yes [
 ] No As
of October 13, 2010, the issuer had 4,800,000 shares issued and outstanding of
its common stock.    PART I  FINANCIAL INFORMATION Item
1. Financial Statements             MOKITA, INC. (A DEVELOPMENT STAGE COMPANY) CONDENSED FINANCIAL STATEMENTS (UNAUDITED)  AUGUST 31, 2010                                 MOKITA, INC. (A DEVELOPMENT STAGE COMPANY) INDEX
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)  Page(s)  Balance
Sheets  1   Condensed
Statements of Operations and Comprehensive Loss 2  Condensed
Statements of Cash Flows 3    Notes
to Condensed Financial Statements 4-11                                    MOKITA, INC.(A DEVELOPMENT STAGE COMPANY)CONDENSED BALANCE SHEETSAugust 31,

February 28,2010

2010(Unaudited)ASSETSCurrent
AssetsStock
subscription receivable


$
               -

$
          12,500Prepaid
expenses and deposits


834

-Total
Current Assets


834

12,500TOTAL
ASSETS


$
            834

$
          12,500LIABILITIES AND STOCKHOLDERS' EQUITY
(DEFICIT)LIABILITIESCurrent
LiabilitiesAccounts
payable and accrued expenses


$
         1,000

$
               113Loans
from stockholder (NOTE 5)


4,500

-Total
Current Liabilities


5,500

113Total
Liabilities


5,500

113STOCKHOLDERS'
EQUITY (DEFICIT) (NOTE 4)Common
stock, par value $.001, 100,000,000 shares authorized and1,500,000
shares outstanding


1,500

1,500Additional
paid-in capital


13,500

13,500Deficit
accumulated during the development stage


(19,666)

(2,613)Total
Stockholders' Equity (Deficit)


(4,666)

12,387TOTAL
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


$
            834

$
          12,500 See
accompanying notes to unaudited condensed financial statements.  1


MOKITA, INC.(A DEVELOPMENT STAGE COMPANY)CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
- UNAUDITEDThree
Months Ended
Six Months Ended

From April 21,  2009 (Inception)

Cumulative TotalsAugust
31,

August 31,

to August 31,

April 21, 2009(Inception)2010

2009

2010

2009

to August 31, 2010INCOME

$
            -

$
           -

$
               -

$
                 -

$
                             -OPERATING
EXPENSESOrganizational
expenses

-

1,500

-

1,500

1,500Accounting

2,000

-

8,000

-

8,000Legal
expenses

5,103

-

9,053

-

10,166Total
Operating Expenses

7,103

1,500

17,053

1,500

19,666OTHER INCOME
AND (EXPENSE)Total
other income and (expense)

-

-

-

-

-NET LOSS
APPLICABLE TO COMMON SHARES

$   (7,103)

$   (1,500)

$  (17,053)

$   (1,500)

$
                (19,666)NET LOSS PER
BASIC AND DILUTED SHARES

$     (0.00)

$     (0.00)

$      (0.01)

$     (0.00)WEIGHTED
AVERAGE NUMBER OFCOMMON
SHARES OUTSTANDING

1,500,000

1,500,000

1,500,000

1,500,000See accompanying notes to unaudited condensed financial
statements. 2


MOKITA, INC.(A DEVELOPMENT STAGE COMPANY)CONDENSED STATEMENTS OF CASH FLOWS 
UNAUDITEDSix Months  Ended
From April 21, 2009 (Inception)


Cumulative TotalsAugust 31,
to August 31,


April 21, 2009(Inception) to2010

2009

August 31, 2010CASH FLOWS
FROM OPERATING ACTIVITIESNet
loss

$   (17,053)

$
       (1,500)

$
              (19,666)Changes
in operating assets and liabilities(Increase)
in prepaid expenses

(834)

-

(834)Increase
in accounts payableand
accrued expenses

887

-

1,000Total
adjustments

53

-

166Net
cash (used in) operating activities

(17,000)

(1,500)

(19,500)CASH FLOWS
FROM INVESTING ACTIVITIESNet
cash provided by (used in) investing activities

-

-

-CASH FLOWS
FROM FINANCING ACTIVITIESPayments
received on stock subscription

12,500

1,500

-Sale
of common stock

-

-

15,000Loans
from stockholder

4,500

-

4,500Net
cash provided by financing activities

17,000

1,500

19,500CASH AND
CASH EQUIVALENTS -BEGINNING
OF PERIOD

-

-

-CASH AND
CASH EQUIVALENTS - END OF PERIOD

$
              -

$
                 -

$
                         -SUPPLEMENTAL
CASH FLOW INFORMATION:Cash
paid for interest

$
              -

$
                 -

$
                         -Cash
paid for income taxes

$
              -

$
                 -

$
                         -NON-CASH
INVESTING AND FINANCING ACTIVITIES:Common
stock subscription

$
              -

$       15,000

$
                         -See accompanying notes to unaudited condensed financial
statements. 3       **MOKITA, INC.** (A DEVELOPMENT STAGE COMPANY) NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) AUGUST 31, 2010  NOTE
1- ORGANIZATION
AND BASIS OF PRESENTATION  The
condensed unaudited interim financial statements included herein have been
prepared pursuant to the rules and regulations of the Securities and Exchange
Commission (SEC).  The condensed consolidated financial statements and
notes are presented as permitted on Form 10-Q and do not contain information
included in the Companys annual statements and notes.  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 pursuant to such rules and regulations,
although the Company believes that the disclosures are adequate to make the
information presented not misleading.  It is suggested that these condensed
financial statements be read in conjunction with the February 28, 2010 audited
financial statements and the accompanying notes thereto.  While management
believes the procedures followed in preparing these condensed financial
statements are reasonable, the accuracy of the amounts are in some respects
dependent upon the facts that will exist, and procedures that will be
accomplished by the Company later in the year. These condensed unaudited
financial statements reflect all adjustments, including normal recurring
adjustments which, in the opinion of management, are necessary to present fairly
the operations and cash flows for the periods presented.  Mokita, Inc. (the Company) was incorporated on April 21, 2009 as
Mokita Exploration, Ltd. under the laws of the State of Nevada.  On
February 5, 2010 the Company changed its name to Mokita, Inc.  The business
purpose of the Company is to accept credit card payments from Canadian
customers, for a fee, for payment to Canadian organizations which do not accept
credit card payments due to card issuer fees.  The Company has selected
February 28 as its fiscal year end.  NOTE
2- SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES  Development
Stage Company  The Company is considered to be in the development stage as
defined in FASC 915-10-20, Development Stage Entity. The
Company is devoting substantially all of its efforts to the execution of its
business plan.  Use
of Estimates  The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the amounts
reported in the financial statements and accompanying notes. Actual results
could differ from those estimates.  4       **MOKITA, INC.** (A DEVELOPMENT STAGE COMPANY) NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) AUGUST 31, 2010  NOTE
2- SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Cash
and Cash Equivalents Cash and cash equivalents consists principally of currency on
hand, demand deposits at commercial banks, and liquid investment funds having a
maturity of three months or less at the time of purchase.  The Company had
no cash or cash equivalents as of August 31, 2010 or February 28, 2010.  Start-up Costs  In
accordance with FASC 720-15-25, Start-up Activities, the Company
expenses all costs incurred in connection with the start-up and organization of
the Company.  Common Stock Issued For Other Than Cash  Services purchased and other transactions settled in the Company's
common stock are recorded at the estimated fair value of the stock issued if
that value is more readily determinable than the fair value of the consideration
received.  Net
Income or (Loss) Per Share of Common Stock  The
following table sets forth the computation of basic and diluted earnings per
share:   THREE
MONTHS


SIX
MONTHSENDED
AUGUST 31,


ENDED
AUGUST 31,2010
2009

2010
2009Net income
(loss)


$ (7,103)
$ (1,500)

$ (17,053)
$ (1,500)Weighted
averagecommon
sharesoutstanding
(Basic)


1,500,000
1,500,000

1,500,000
1,500,000Options

-
-

-
-Warrants

-
-

-
-Weighted
averagecommon
sharesoutstanding
(Diluted)


1,500,000
1,500,000

1,500,000
1,500,000Net loss per
share(Basic
and diluted)


$ (0.00)
$ (0.00)

$ (0.01)
$ (0.00)  As of August 31, 2010 and February 28, 2010, the Company had
1,500,000 shares outstanding.  The Company has no potentially dilutive
securities, such as options or warrants, currently issued and outstanding. 5       **MOKITA, INC.** (A DEVELOPMENT STAGE COMPANY) NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) AUGUST 31, 2010  NOTE
2- SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Recently Enacted Accounting Standards  In June 2009, the FASB established the Accounting Standards
Codification (Codification or ASC) as the source of authoritative accounting
principles recognized by the FASB to be applied by nongovernmental entities in
the preparation of financial statements in accordance with generally accepted
accounting principles in the United States (GAAP).  Rules and
interpretive releases of the Securities and Exchange Commission (SEC) issued
under authority of federal securities laws are also sources of GAAP for SEC
registrants.  Existing GAAP was not intended to be changed as a result of
the Codification and, accordingly, the change did not impact our financial
statements.  The ASC does change the way the guidance is organized and
presented.  Statement of Financial Accounting Standards (SFAS) SFAS No. 165
(ASC Topic 855), Subsequent Events,SFAS No. 166 (ASC Topic 810),
Accounting for Transfers of Financial Assets-an Amendment of FASB
Statement No. 140, SFAS No. 167 (ASC Topic 810), Amendments to FASB
Interpretation No. 46(R),and SFAS No. 168 (ASC Topic 105), The FASB
Accounting Standards Codification and the Hierarchy of Generally Accepted
Accounting Principles-a replacement of FASB Statement No. 162 were recently
issued.  The Company has adopted SFAS No. 165.  SFAS No. 166, 167, and
168 have no current applicability to the Company or their effect on the
financial statements would not have been significant.  Accounting Standards Update (ASU) ASU No. 2009-05 (ASC Topic
820, which amends Fair Value Measurements and Disclosures  Overall,
ASU No. 2009-13 (ASC Topic 605), Multiple-Deliverable Revenue Arrangements,ASU No. 2009-14 (ASC Topic 985), Certain Revenue Arrangements that
include Software Elements,and various other ASUs, No. 2009-2 through ASU
No. 2010-20, which contain technical corrections to existing guidance or affect
guidance to specialized industries or entities, were recently issued.
 These updates have no current applicability to the Company or their effect
on the financial statements would not have been significant.  In December 2009, the FASB issued ASU 2009-16, Transfers and
Servicing,(Topic 860): Accounting for Transfers of Financial Assets.This Update amends the FASB Accounting Standards Codification for
Statement 166.  Also in December of 2009, the FASB issued ASU 2009-17,
Consolidations(Topic 810):  Improvements to Financial Reporting
by Enterprises Involved with Variable Interest Entities.This Update
amends the FASB Accounting Standards Codification for Statement 166.
 Neither of these updates has any current applicability to the Companys
financial reporting.  6        **MOKITA, INC.** (A DEVELOPMENT STAGE COMPANY) NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) AUGUST 31, 2010  NOTE
2- SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Recently Enacted Accounting Standards (Continued)  In January 2010, the FASB issued seven ASUs.  2010-01,
Equity(Topic 505), standardizes the treatment of the stock portion of a
distribution of stock and cash as stock issuance, eliminating the practice of
treating such stock issuance as stock dividends.  2010-02, Consolidation(Topic 810), clarifies the scope of accounting and reporting for decreases
in ownership of a subsidiary.  2010-03, Extractive Activities, Oil and
Gas(Topic 932), deals with reserve estimation and disclosures.
 2010-04 covers technical corrections to SEC paragraphs in the
Codification.  2010-05, Stock Compensation(Topic 718), covers
escrowed share arrangements and presumption of compensation.  2010-06,
Fair Value Measurements and Disclosures(Topic 820), improves disclosure
by requiring that:  (a) significant transfers in and out of levels 1 and 2
should be reported for each class of assets and liabilities; (b) level 2 and 3
inputs and valuation techniques should be disclosed; and (c) purchases, sales,
issuance, and settlements should be reported separately for level 3 assets and
liabilities.  None of these updates has any current applicability to the
Companys financial reporting.  In February 2010, the FASB issued three ASUs.  2010-08
contains technical corrections clarifying guidance on embedded derivatives and
hedging.  2010-10, Consolidation(Topic 810) contains amendments for
certain investment funds.  Neither of these ASUs has any current
applicability to the Companys financial reporting.  2010-09, Subsequent
Events(Topic 855), however, was adopted by the Company immediately.
 2010-09 requires that SEC filers, along with certain bond obligors, are
required to evaluate subsequent events through the date that financial
statements are issued but are not required to disclose the date through which
subsequent events have been evaluated.  In March 2010, the FASB issued ASU 2010-11, Derivatives and
Hedging(Topic 815), which contains a scope exception related to embedded
credit derivatives.  2010-11 has no current applicability to the Companys
financial reporting.  In April 2010, the FASB issued  seven ASUs.  2010-12,
Income Taxes(Topic 740), deals with the accounting effect of a date
difference between the March 23, 2010 signing of the Patient Protection and Care
Act, itself, and the signing of the Health Care and Education Reconciliation Act
of 2010 on March 30, 2010.  2010-13, Compensation(Topic 718),
provides guidance on the effect of denominating the exercise price of a
share-based payment award in the currency of the market in which the underlying
security trades.  2010-14, Accounting for Extractive   7        MOKITA, INC. (A DEVELOPMENT STAGE COMPANY) NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) AUGUST 31, 2010  NOTE
2- SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Recently Enacted Accounting Standards (Continued)  Activities-Oil and Gas, contains an amendment to Paragraph
932-10-599-1.  2010-15, Financial Services-Insurance(Topic 944),
directs the manner in which investments held through separate accounts affect an
insurers consolidation analysis of those investments.  2010-16,
Entertainment-Casinos(Topic 924), guides accruals for jackpot
liabilities.  2010-17, Revenue Recognition-Milestone Method(Topic
605), provides guidance on when to apply the milestone method for research and
development transactions and on the definition of a milestone for use in
application of the method.  2010-18, Receivables(Topic 310), guides
accounting for a loan modification when the loan is a part of a pool accounted
for as a single asset.  None of these updates is applicable to the
Companys current accounting practices or financial reporting.  In May 2010, the FASB issued ASU no. 2010-19, Foreign Currency(Topic 830).  The Update provides guidance for disclosures where there
are multiple exchange rates in use.  The ASU was due to an issue with
Venezuelan financial reporting.  This update has no effect on the Companys
current accounting practices or financial reporting.  In July 2010, the FASB issued ASU No. 2010-20, Receivables(Topic 310), Disclosures about the Credit Quality of Financing
Receivables and the Allowance for Credit Losses.The update enhances
disclosures about the credit quality of financing receivables and the allowance
for credit losses.  This update has no effect on the Companys current
accounting practices or financial reporting.  In August 2010, the FASB issued ASU No. 2010-21.  This ASU
amends various SEC paragraphs in the FASC pursuant to SEC Release No. 33-9026.
 The changes affect provisions relating to consolidation and reporting
requirements under conditions of majority and minority ownership positions and
ownership by both controlling and non-controlling entities.  The amendments
also deal with redeemable and non-redeemable preferred stocks and convertible
preferred stocks.  This update has no effect on the Companys current
accounting and reporting practices.  In August 2010, the FASB issued ASU No. 2010-22, Accounting for
Various Topics,Technical Corrections to SEC Paragraphs.  This update
amends various SEC paragraphs based on external comments and the issuance of SEC
Staff Accounting Bulletin (SAB) No. 112, which amends or rescinds portions of
certain SAB topics.  The topics affected include reporting of inventories
in condensed financial statements for Form 10-Q, debt issue costs in conjunction
with a 8       **MOKITA, INC.** (A DEVELOPMENT STAGE COMPANY) NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) AUGUST 31, 2010  NOTE
2- SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Recently Enacted Accounting Standards (Continued)  business combination, business combinations prior to an initial
public offering, accounting for divestitures, and accounting for oil and gas
exchange offers.  This update has no effect on the Companys current
accounting and reporting practices at this time.  In August 2010, the FASB issued ASU No. 2010-23, Health Care
Entities(Topic 954), Measuring Charity Care for Disclosure.Due to the lack of comparability existing due to the use of either
revenue or cost as the basis for disclosure of charity care, this ASU
standardizes on cost as the basis for charity care disclosures and specifies the
elements of cost to be used in charity care disclosures.  This update has
no effect on the Companys accounting and reporting practices.  Also in August 2010, the FASB issued ASU No. 2010-24, Health
Care Entities(Topic 954), Presentation of Insurance Claims and Related
Insurance Recoveries. This ASU eliminates the practice of netting claim
liabilities with expected related insurance recoveries for balance sheet
presentation.  Claim liabilities are to be determined with no regard for
recoveries and presented gross.  Expected recoveries are presented
separately.  This update has no effect on the Companys accounting and
reporting practices.  In September 2010, the FASB issued ASU No. 2010-25, Plan
Accounting  Defined Contribution Plans(Topic 962), Reporting Loans to
Participants by Defined Contribution Plans.Rather than report loans
at fair value by adjusting for observable and non-observable inputs,
participants loans are to be valued at principal plus accrued interest.
 Rather than classify loans as Plan Investments, loans are to be reported
separately as Notes Receivable from Plan Participants.  This ASU has no
effect on the Companys accounting and reporting practices at this time.  NOTE
3- PROVISION
FOR INCOME TAXES  The Company recognizes the tax effects of transactions in the year
in which such transactions enter into the determination of net income regardless
of when reported for tax purposes.  Deferred taxes are provided in the
financial statements under FASC 740-10-25 to give effect to the temporary
differences which may arise from differences in the bases of fixed assets,
depreciation methods  and allowances based on the income taxes expected to
be payable in future years.  Minimal development stage deferred tax assets
arising as a result of net operating  9       **MOKITA, INC.** (A DEVELOPMENT STAGE COMPANY) NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) AUGUST 31, 2010  NOTE
3- PROVISION
FOR INCOME TAXES (CONTINUED)  loss carry-forwards have been offset completely by a valuation
allowance due to the uncertainty of their utilization in future periods.
 Operating loss carry-forwards generated during the period from April 21,
2009 (date of inception) through August 31, 2010 of approximately $19,666 will
begin to expire in 2029.  Accordingly, deferred tax assets of approximately
$6,883 were offset by the valuation allowance, which increased by $5,969 during
the six months ended August 31, 2010.  The Company has no tax positions at August 31, 2010 for which the
ultimate deductibility is highly certain but for which there is uncertainty
about the timing of such deductibility.  The Company recognizes interest accrued relative to unrecognized
tax benefits in interest expense and penalties in operating expense.
 During the period from April 21, 2009 (inception) to August 31, 2010 the
Company recognized no income tax related interest and penalties.  The
Company had no accruals for income tax related interest and penalties at August
31, 2010.  NOTE 4 -
STOCKHOLDERS EQUITY  Common
Stock  As of August 31, 2010 and February 28, 2010 the Company had
100,000,000 shares of common stock authorized with a par value of $.001 per
share.  The following details the stock transactions for the Company:  On April 22, 2009, the Company authorized the sale of 1,500,000
shares of its common stock to its founding President for $.01 per share for a
total of $15,000 cash to provide initial working capital.  The stock
subscription was fully paid as of March 18, 2010.  NOTE
5 -LOANS FROM STOCKHOLDERS  The Companys President and sole Director has advanced funds for
organizational and administrative expenses.  The total of these advances as
of August 31, 2010 is $4,500.  The loans are reported as current
liabilities and will be repaid as cash flows allow.  Interest has not been
imputed due to its nominal impact on the financial statements.     10        MOKITA, INC. (A DEVELOPMENT STAGE COMPANY) NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) AUGUST 31, 2010  NOTE
6 -FOREIGN CURRENCY TRANSLATION  Since the Company operates in Canada there is potential for
transactions in Canadian dollars, although none occurred as of August 31, 2010.
 Assets and liabilities denominated in Canadian dollars are revalued to the
United States dollar equivalent as of the reporting date.  The effect of
change in exchange rates from the transaction dates to the reporting date, for
unsettled transactions, is reported as a Cumulative Currency Translation
Adjustment and included in Other Comprehensive Gains or (Losses).  Gain or
loss from settled transactions is reported as a foreign currency transaction
gain or loss for the period in which settlement occurred.  NOTE 7 -GOING
CONCERN  The accompanying financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America, which contemplate continuation of the Company as a going concern.
 The Company has incurred an operating deficit since its inception, is in
the development stage, and has generated no operating revenue. These items raise
substantial doubt about the Companys ability to continue as a going concern.
 In view of these matters, realization of the assets of the Company is
dependent upon the Companys ability to meet its financial requirements through
equity financing and the success of future operations.  These financial
statements do not include adjustments relating to the recoverability and
classification of recorded asset amounts and classification of liabilities that
might be necessary should the Company be unable to continue in existence.  NOTE 8
-SUBSEQUENT EVENTS  The Company has evaluated events from August 31, 2010 through the
date the financial statements were issued.  On September 3, 2010 the Company opened an offering for sale of
its common shares, terminating December 31, 2010.  The offering is for a
maximum of 10,000,000 shares at a price of $.01 USD or $.0105 CAD per share.
 A total of 3,300,000 shares were subscribed and paid as of September 16,
2010, bringing the total shares outstanding to 4,800,000.  The Company
received $33,000 USD to be used for administrative expenses and the execution of
its business plan.  Certificates will be issued upon completion of the
offering.    11         Item
2. Plan of Operation Our
plan of operation is to build a business as a provider of credit card payment
services to individuals who want to pay tuition and course fees to colleges,
schools and universities, as well as property taxes and utility payments to
municipalities and utility companies that do not accept credit card
payments.  Mokita
will provide website services for individuals to use credit cards to pay
tuition, course fees, taxes and utility bills.  We intend to begin with
developing the tuition and course fee part of the business first and then to
move into utility fees and taxes.  Some of the utility companies in western
Canada already have agreements with companies providing the services we are in
the process of developing, and our research has led us to believe the market
involving universities and colleges would be a better market to pursue
initially.  This is not a market sector without competition.  There
are other businesses that provide this service and have ongoing relations with
both the businesses they deal with and a base of existing customers.  Customers will go to our secure website, select the service
provider they would like to pay, provide us with their particulars, the amount
they are paying and their credit card account information, as well as
authorization to charge their credit card account.  Mokita will then
complete the transaction by charging their credit card the agreed upon amount to
be paid to the selected service provider plus a transaction fee of between 5 and
10 percent.  In
preliminary discussions with credit card companies and financial institutions,
we have been advised that the funds from daily transactions will be
electronically deposited in our bank account the business day following the
transaction.  This will then allow us to make a further electronic transfer
of the necessary funds to the customers service provider to pay the invoice
amount on behalf of the customer.  This procedure will allow us to conduct
our business on a cash basis and require no additional financing or credit
facility.  The
actual amount of the transaction fee will be based on the merchant fees that we
will be required to pay to the various credit card companies.  We have not
yet begun negotiations with the credit card companies to determine merchant
fees.  They are typically between 1 and 5 percent and are based primarily
on monthly volume. Item
4T. Controls and procedures  Evaluation of Disclosure Controls and
Procedures  Our
management is responsible for establishing and maintaining adequate internal
control over financial reporting.  Internal control over financial
reporting is a process designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting
principles.  Our
evaluation of internal control over financial reporting includes using the COSO
framework, an integrated framework for the evaluation of internal controls
issued by the Committee of Sponsoring Organizations of the Treadway Commission,
to identify the risks and control objectives related to the evaluation of our
control environment.  The internal controls for the Company are provided by
executive managements review and approval of all transactions.        Based
on the current internal controls employed by the Company, the Company concludes
that, as of August 31, 2010, a material weakness exists in the Companys
internal control procedures, in that one individual who, as an officer and
director of the Company, has sole access and authority to receive cash and make
cash disbursements.  Changes in Internal Control Over
Financial Reporting  There were no changes in
our internal control over financial reporting during the six months ended August
31, 2010, that have materially affected, or are reasonably likely to materially
affect, our internal controls over financial reporting.  Due to the material weaknesses and
significant deficiencies noted above, management and the Board of Directors are
currently working to remediate all noted weaknesses and deficiencies.  Part II  Other Information Item
6. Exhibits The following documents are attached as exhibits hereto. Exhibit
No.
Document
Location3.1
Articles of
Incorporation
Previously
Filed3.2
Bylaws
Previously
Filed31
Certification
of the Chief Financial Officer of the Company as adopted pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
Included32
Certification
of the Chief Executive Officer and Chief Financial Officer of the Company
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002
Included  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. MOKITA,
INC. /s/
Brent Millward By: Brent
Millward Its: President Date: October
15, 2010