UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

AMENDED (to confirm Registrant is a Shell Company)Form 10-QSB

(Mark One)

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

For the quarterly period ended  July 31, 2006

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

For the transition period from __________ to __________

Commission file number  333-127143



|GLOBAL ELECTRONIC RECOVERY CORP.                                                  
|----------------------------------------------------------------------------------
|(Exact name of small business issuer as specified in its charter)                 
|Nevada                                                                            
|(State or other jurisdiction of incorporation or organization)                    
|6240 West 3rd Street Suite 432, Los Angeles, California 90036                     
|(Address of principal executive offices)                                          
|310.467.9832                                                                      
|(Issuer's telephone number)                                                       
|N/A                                                                               
|(Former name, former address and former fiscal year, if changed since last report)

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 [ ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the issuer has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.     Yes [ ]     No  [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:  3,660,100common shares issued and outstanding as of June 20, 2006

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

Check whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). .  Yes [ X ] No [   ]

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PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.

GLOBAL ELECTRONIC RECOVERY CORP.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEET
As of July 31, 2006



|(unaudited)                                                                                         
|----------------------------------------------------------------------------------------------------
|ASSETS                                                                                              
|Current assets                                                                                      
|Cash                                                                                                
|Total current assets                                                                                
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                                
|Current liabilities:                                                                                
|Accounts payable and accrued liabilities                                                            
|Shareholder advances                                                                                
|Total current liabilities                                                                           
|STOCKHOLDERS' EQUITY:                                                                               
|Common stock, $.001 par value, 75,000,000 shares authorized, 3,660,100 shares issued and outstanding
|Additional paid-in capital                                                                          
|Deficit accumulated during the development stage                                                    
|Total stockholders' equity                                                                          
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                          

See accompanying notes to financial statements.

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GLOBAL ELECTRONIC RECOVERY CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF OPERATIONS
Six and Three Months Ended July 31, 2006 and 2005 and
Period from September 27, 2004 (Inception) through July 31, 2006
(unaudited)



|                                     | Six Months 
Ended July 31, | Six Months
Ended July 31, | Three Months 
Ended July 31, | Three Months
Ended July 31, | Inception through
July 31,
|------------------------------------ | -------------------------- | ------------------------- | ---------------------------- | --------------------------- | --------------------------
|                                     | 2006                       | 2005                      | 2006                         | 2005                        | 2006                      
|Expenses:                            |                            |                           |                              |                             |                           
|General and administrative           | $11,329                    | $4,180                    | $9,926                       | $2,070                      | $22,918                   
|Net loss                             | ($11,329)                  | ($4,180)                  | ($9,926)                     | ($2,070)                    | ($22,918)                 
|Net loss per share:                  |                            |                           |                              |                             |                           
|Basic and diluted                    | $ (0.00)                   | $ (0.00)                  | $ (0.00)                     | $ (0.00)                    |                           
|Weighted average shares outstanding: |                            |                           |                              |                             |                           
|Basic and diluted                    | 3,246,830                  | 3,000,000                 | 3,360,051                    | 3,000,000                   |                           

See accompanying notes to financial statements.

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GLOBAL ELECTRONIC RECOVERY CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
Six Months Ended July 31, 2006 and 2005 and
Period from September 27, 2004 (Inception) through July 31, 2006
(unaudited)



|                                                                        | Six Months Ended July 31, | Six Months Ended July 31, | Inception through
July 31,
|----------------------------------------------------------------------- | ------------------------- | ------------------------- | --------------------------
|                                                                        | 2006                      | 2005                      | 2006                      
|CASH FLOWS FROM OPERATING ACTIVITIES:                                   |                           |                           |                           
|Net loss                                                                | $ (11,329)                | $ (4,180)                 | $ (22,918)                
|Adjustments to reconcile net loss to cash used in operating activities: |                           |                           |                           
|Imputed interest on shareholder advance                                 | 299                       | -                         | 701                       
|Net change in Accounts payable                                          | _ _45                     | -                         | 2,420                     
|CASH FLOWS USED IN OPERATING ACTIVITIES                                 | __(10,985)                | (4,180)                   | (19,797)                  
|CASH FLOWS FROM FINANCING ACTIVITIES:                                   |                           |                           |                           
|Shareholder advances                                                    | -                         | -                         | 6,024                     
|Sale of common stock                                                    | 66,010                    | -                         | 69,010                    
|CASH FLOWS PROVIDED BY FINANCING                                        | 66,010                    | 6,984                     | 75,034                    
|NET CHANGE IN CASH                                                      | 55,025                    | 2,804                     | 55,237                    
|Cash, beginning of period                                               | 212                       | -                         | -                         
|Cash, end of period                                                     | $55,237                   | $ 2,804                   | $ 55,237                  

See accompanying notes to financial statements.

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GLOBAL ELECTRONIC RECOVERY CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Global Electronic Recovery Corp. have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's annual statement filed with the SEC on Form 10-KSB. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year 2006 as reported in Form 10-KSB, have been omitted.

NOTE 2 - GOING CONCERN

As of July 31, 2006, Global has incurred total losses of $22,918 since its inception, and had a working capital of $46,793. Because of its recurring losses, Global will require additional working capital to develop and its business operations.

There are no assurances that Global will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support Global's working capital requirements. To the extent that funds generated from any private placements, public offerings and/or bank financing are insufficient, Global will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to Global. If adequate working capital is not available, Global may not renew its operations.

These conditions raise substantial doubt about Global's ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should Global be unable to continue as a going concern.

NOTE 3 - SHAREHOLDER ADVANCES

In October 2004, the sole shareholder of Global loaned the company approximately $4,000 with no specific terms of repayment. The same loan was increased by $2,000 in January 2006. Interest is imputed at a rate of 10% per annum and treated as an additional contribution from the shareholder.

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NOTE 4 - COMMON STOCK

In October 2004, Global issued 3,000,000 shares of stock to its founding shareholder for $3,000 cash.

In March 2006, the Company issued 50,000 shares of common stock for $5,000 at $0.10 per share. In May 2006, Global issued 610,100 common shares at $0.10 per share pursuant to a SB-2 Registration Statement. Total cash proceeds for these shares was $66,010.



Item 2.  Management's Discussion and Analysis or Plan of Operation.

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States Dollars (US$) and are prepared in conformity with generally accepted accounting principles in the United States of America for interim financial statements. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report.

As used in this quarterly report, the terms "we", "us", "our company", and "Global" mean Global Electronic Recovery Corp., unless otherwise indicated. All dollar amounts refer to US dollars unless otherwise indicated.

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General

Business History

We were incorporated on September 27, 2004 under the laws of the State of Nevada and have only commenced limited operations including a feasibility study and the search for an appropriate facility location. We are also in the process of joining various recycling organizations which will assist in the marketing of our facility. W We are a development stage company, with no revenue, limited experience in the proposed line of business, and limited capital. Our plan of operations is to commence a business specializing in electronic waste collection, electronic waste recycling, and resource recovery.

We intend to operate an electronic waste recycling center in the city of Los Angeles, California. The recycling center will consist of a drop off depot for used electronic goods, a sorting area, and a distribution facility whereby the electronic waste is placed into containers for shipment to processing facilities. It is proposed that the waste will be sorted and shipped to processing centers from the Los Angeles recycling center. The processing centers are operated by third parties not by our company. These centers will buy the electronic waste from us based on a per pound price basis.  We are currently contacting processing centers. We intend to do a scaled back version of our original proposal. Initially, once we secure a facility, we will perform fewer leasehold improvements this initially contemplated due to our cash situation.

Our administrative office is located at 6240 West 3rd Street Suite #208, Los Angeles California, USA 90036, telephone (310) 467-9832 and our registered statutory office is located at 7251 West Lake Mead Blvd. Suite 300, Las Vegas 89128. Our fiscal year end is January 31.

Properties

Our offices are located at 6240 West 3rd Street Suite #208, Los Angeles California, USA 90036 . We conduct all of our executive and administrative functions from this facility. Our office space is an office is located in the residence of one of our directors. We intend to locate our administrative office within the Los Angeles recycling center and discontinue use of our current office in the residence of director David O'Neill. We anticipate locating a suitable facility in the near future. We are currently using a real estate agent to assist us in our search for an appropriate location. Our telephone number is (310) 467-9832.

Current Business Operations

We intend to be a business specializing in electronic waste collection, electronic waste recycling, and resource recovery. We believe that the disposal of electronic waste, or "e-Waste" is becoming a serious global issue. Electronics that have been discarded in landfills are releasing toxins and polluting the environment. The existing incineration recycling processes for e-Waste are releasing Green House Gas (GHG) Emissions and other dangerous air pollutants such as dioxins, heavy metals and hazardous acids.

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Our fundamental goal is to enhance recovery, recycling, and the environmentally friendly disposal of e-Waste and other electronic components with minimal waste, minimal harmful emissions, and maximum re-usable raw materials retrieval. We recognize that e-Waste has become a significant source of raw materials.

An increasing number of state and local governments are considering options for managing end-of-life electronic equipment such as televisions and personal computers. Their concern centers around the continued growth of this waste stream, the potential for hazardous constituents in these products to cause disposal problems, and the desire to recover valuable materials from these products.

Services and Products Offered

We intend to provide the following services:

- e-Waste material sorting and dismantling;
- e-Waste pickup;
- Electronic refurbishing;
- Metals and plastics recovery;
- Cathode ray tube (CRT) recycling;
- Materials exchange
- Management of e-Waste for manufacturers;
- e-Waste collection from the public, manufacturing industry, and local governments; and
- Shipping of waste to appropriate waste or refurbishing center.

We intend to offer many services related to the recycling of e-Waste. Below is a description of these services.

1.	e-Waste Pick Up

We intend to offer a pick up service for residential and commercial customers. A representative of our company will visit customers' places of residence or business and pick up e-Waste items.

2.	Management of e-Waste from Manufacturers:

This service is designed specifically for the electronics industry as well as communities/municipalities and larger customers. The focus will be on the disposal of hazardous wastes produced during the manufacturing of electronic equipment as well as the management of commercial and residential e-Waste. Our services will provide complete e-Waste tracking. The principal benefit is the assurance of vital data protection. We will be able to assure vital data protection by providing a print out of the location of data files ensuring the customer that the files have been delivered to a facility for destruction or that the files have been erased.

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3. 	Electronic Waste Sorting and Dismantling

This process involves the de-manufacturing of the electronic waste processes. The first step in the de-manufacturing process is the sorting and separating of electronics waste by size. Materials such as keyboards, computers, answering machines, etc. are then dismantled.

Our personnel will disassemble each machine into its component parts, plastics and metals and prepare everything for raw material extraction. We will use this basic method to eventually completely recycle all business and consumer electronics equipment without having to invest in extremely expensive processing equipment.

Once the materials have been sorted and dismantled we will then commence step-by-step procedures for processing materials we receive which will ensure maximum recovery and complete environmental compliance. Incoming materials will be counted, weighed, and quantities are checked against the client's shipping information. Material will be assigned a control lot number and evaluated and tested to determine optimal recovery methods. An estimate on the total recovery potential will be determined by the material evaluation process.

Reusable components will be removed from the personal computer "PC" board.

Devices will be final tested to assure they meet the required specifications.

Reusable devices will be inventoried and priced based on current market conditions and sale history. Devices will be packaged in anti-static containers and shipped to third party purchasers. We do not have any contracts with third party purchasers at this time. Boards and non-recoverable IC's are directed to precious metal processors. An "IC" is an integrated circuits or chip and is used for a variety of devices, including microprocessors, audio and video equipment, and automobiles. Non-reusable components will be shipped to third party waste recyclers.

4. 	Electronic Waste Sorting and Dismantling

We anticipate that a significant portion of the recycling we will do will be of monitors and cathode ray tubes (CRTs). We intend to provide an environmental solution for all monitor and CRT debris. We plan to recycle all types of monitors and all types of quantities. This will include all basic monochrome monitors to 21" color flat screens. We believe our process will be an effective way to recycle this type of product while keeping our commitment to protecting the environment.

The large amounts of toxic materials contained within a monitor's cathode ray tube or CRT present serious problems for those seeking an environmental conscious alternative to landfill disposal. Lead, mercury, cadmium and phosphorous are a few of the many toxic elements found within a CRT. Lead is the most prevalent toxic material and many CRTs have been shown to leach this lead content into landfills.

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We intend to handle the end-of-life of CRT's by first attempting to repair or resell the complete unit on the secondary market throughout the world. We have no contracts or agreements to sell these units at this time.

For CRT's that have absolutely no reuse potential, we intend to utilize a system which safely breaks down the glass to a point where the remaining material can be used as a flux in metal smelting refineries. We recognize that lead smelting operations are also harmful to the environment, but there are currently no other options available.

To get to the glass, monitors must be completely disassembled. The individual components include plastic, printed circuit boards, copper wiring, power and fly-back components and the CRT tube itself. "Fly-back components" refers to the transformer that generates the high voltage in a TV, monitor, or other CRT based piece of equipment. They are also referred to as Line OutPut Transformers.

Some of these materials such as the fly-back components and other electronics can be resold to repair facilities. Other materials that do not have an immediate market are stored until there are sufficient quantities to send to individual refineries designed to handle each specific type of material.

5. 	Electronics Sold for Refurbishing:

Units and parts not under a data protection agreement, if in good condition, are sent to third party refurbishing facilities for repair and reuse. The refurbished units and parts are then sold in the used electronics market. We will sell these items to the refurbishing centers on a per item or bulk basis. We have no agreements or contracts in place with any third party refurbishers.

6.	Shipping

Once the electronic waste is dismantled we will ship materials in good condition to refurbishing centers. The remaining electronic waste will be shipped to third party waste recyclers in containers.

Revenue Generation

Each service we intend to provide results in revenue and therefore we believe that the business model will be profitable in that both the supply and the sales side of the business result in net positive sales income. Users pay to have e-Waste removed and recovered while processors pay for sorted e-Waste to produce raw materials or refurbished goods.

As stated above, we intend to generate revenue both upon receipt of the e-Waste at our proposed recycling center and for the sale of the dismantled waste to third party refurbishing centers. We also intend to offer pick-up service for e-Waste.

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Competition and Identification of Market Opportunity

We believe that the electronics recycling is an emerging industry at a critical point in its development in terms of growth potential and the challenges it presents. As the production and use of electronic products continues to increase dramatically throughout the consumer and commercial markets, the challenges of disposal and recovery of materials has become significant.

The principal sources of e-Waste have been manufacturers and commercial users. According to our independent research most companies involved in electronics recycling are relatively small, typically have fewer than 30 employees, and have been in business for less than 5 years.

The eWaste recycling industry is competitive with respect to price, service, location and there are many well-established competitors. In greater Los Angeles County alone there are over 35 centers that accept some form of eWaste. Certain factors, such as substantial price discounting, increased labor and benefits costs and the availability of experienced management and hourly employees may adversely affect our industry in general and us in particular. We do however anticipate being able to obtain all necessary personnel. We will compete with a large number of regional eWaste recyclers. Many of the potential competitors may have financial resources superior to ours. We expect this competition to increase. Companies such as Electronic Partners Corporation of Los Angeles will be competing against us. We intend to compete with centers that do not charge for pick up and disposal services by offering additional services such as tracking

Significant legal penalties associated with improper disposal of electronic waste now exist. E-Waste includes computers, televisions, monitors, cell phones, pagers, microwave ovens, hand-held devices, etc. One of the requirements of these soon to be legislated regulations is that disposal of non-reusable e-Waste must, in the future, be legally processed through a certified facility (proposed EPA Regulations). When the proposed regulation takes effect it is our goal to become a certified recycling center. However, we are not certified and there is no guarantee we will be in the future.

Possible Solutions

The large volumes of electronic products that will become obsolete in the near future will need to be recycled into reusable materials. We believe that our recycling processes and services like those we intend to offer will play an integral role by generating the raw materials necessary to manufacture new products while minimizing the hazardous by-products generated by the current disposal methods. We are of the view that the business of e-Waste recycling will become vital to the electronic industry's economics.On January 1, 2005, California consumers began paying a $6, $8 or $10 electronic waste recycling fee on the purchase of new covered electronic devices. This will have a direct impact on the pricing of electronic goods and make the industry more aware of the importance of recycling.

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Currently, there are two common methods for the disposal of e-Waste: landfills and incineration. These methods only exacerbate existing water and air pollution problems and contribute to global warming. The incineration of e-Waste contributes to the release of carbon dioxide and other toxic emissions into the atmosphere. Burying e-Waste contributes to heavy metals such as lead and mercury leaching into the soil and ground water sources surrounding landfill sites. These disposal methods do not present viable short or long-term solutions to the issue of electronic waste management.

The following factors have created an opportunity for us and we believe will lead to a market leadership position:

- Governments, industry and individuals are willing to pay to have their e-Waste disposed of in an environmentally safe and efficient manner.
- There is a growing demand for recycled raw materials.
- There are emerging markets in Asia, Africa, and South America that have a growing consumer base for reusable electronics.
- There is increasing demand for goods manufactured from recycled materials such as copper sulfate which is used as an additive in animal feed as well as in the mining industry. There is also a market for roofing and flooring tiles manufactured from the fiberglass residue of the circuit board in e-Waste.
- Smelting companies use primitive methods and have little opportunity to change their practices due to their reliance on old technologies.

Marketing Advertising and Promotion

Our target market is the United States. Specifically, our implementation will be in Los Angeles, California. We believe that California is large enough to support numerous collection centers. However, we are raising funds for one facility only. If we expand, and there is no guarantee that we will, no funds from this offering will be allocated towards such expansion.

Our collection facility will be in Los Angeles, California.

Creating and Maintaining Customers

It is our goal that our customer base will be comprised of electronic manufacturers, large and small businesses, governmental institutions and the private sector. E-Waste is currently a significant problem in all of these sectors. We hope to demonstrate to potential customers the environmental and financial benefits of our electronic recycling and why it is both environmentally sound and cost-effective. The upstream benefits result from the recycling of materials such as plastics, ferrous and other metals and glass, rather than manufacturing these from virgin materials. The issue of social responsibility alone is compelling and self-evident, but combined with the economics and possible regulatory pressure, we believe is the clear choice for e-Waste management solutions.

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We are aware that there are lower cost alternatives to discarding of eWaste. Indeed, may consumers will dispose of these items in this manner. However, we believe there is a growing social conscience among consumers to seek out methods of recycling consumer goods, especially electronics, that are less harmful to the environment than traditional means of disposal such as in landfills. The regulatory climate is also shifting towards recycling programs in California and throughout the world.

In terms of new business development, we will concentrate our efforts and more actively pursue the business and private sectors through partnerships and strategic alliances and marketing. We may, through educational and marketing initiatives, continually promote the environmental and economic benefits of electronics recycling as well as the public's social responsibility.

To retain and grow existing customers, we will ensure that electronic recycling is made as convenient as possible for them. It is our goal that more recycling depots and drop off locations will be added over time.

Updated information about us and electronics recycling is available on-line at our website, www.globalelectronicrecovery.com. We may also dispense information to the public through the media, information sessions, seminars, and conferences.

Sales and Distribution Plan

By the nature of the business model, we have two potential sources of customers, those coming to collection centers with e-Waste and those processors who are buying the collected and sorted e-Waste from us. Although it is more important to market to the e-Waste supply customers (thus ensuring a stable supply of e-Waste), some degree of marketing and promotion also needs to be conducted with the processors. Currently, we believe the high demand for the recovered materials ensures the high interest of the processors. For the foreseeable future, this is expected to also remain true. However, some degree of spot marketing and customer relation may be required at intervals throughout the year. We have not yet developed any marketing plan aimed at potential processors.

Promotional Strategy

Industry Associations: We plan to join the California Resource Recovery Association (CRRA). The CRRA is an organization of individuals, recycling centers and companies pledged to the conservation of natural resources. The CRRA assists its member with their programs and conducts activities that will promote resource conservation by the people of California. We will also consider joining technical councils of the CRRA.

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CRRA members are encouraged to join technical councils to provide input on key policy issues and to develop more services in specific areas of interest. One of the councils is the e-Waste Handlers Technical Council. This council advocates the setting up of environmentally safe procedures for the collecting and safe handling of e- Waste. The council also helps local generators and recyclers, develop methods of educating the public about proper e-Waste disposal, and provides a suitable marketplace to encourage reuse, rebuild and then recycle.

By virtue of our membership in the CRRA we will also become members of the National Recycling Coalition. The National Recycling Coalition, Inc. (NRC) is a nonprofit organization of more than 4,000 individuals, businesses and government agencies involved in all aspects of recycling, waste prevention, reuse and composting. As the largest national organization of its kind, NRC serves as the national voice of and resource for recycling.

We believe that membership in both organizations may result in significant exposure and referrals. Both customers as well as buyers of recovered materials contact such organizations seeking information, suppliers and referrals. Membership in such industry bodies may also provide credibility as well as a forum for industry issues and a common voice to effect change and increase understanding and acceptance of electronics recycling.

We also plan to advertise in various newspapers and journals and on radio stations in the greater Los Angeles area.

Government Regulation and Supervision

Existing regulation in California will require us to become authorized if we are to participate in the Covered Electronic Waste Recovery and Recycling Payment System. This system redistributes fees collected from the purchase of certain electronic goods in California to authorized collectors and recyclers. We are not a qualified collector or recycler, however we intend to apply for this designation. In the future, California is likely to implement additional regulations that will affect our business.

Regulatory changes are already signaling a shift towards improved management of the waste stream.

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California

California has enacted legislation (the Electronic Waste Recycling Act of 2003) to establish a funding system for the collection and recycling of certain electronic wastes. The California Integrated Waste Management Board has adopted new emergency regulations to implement portions of the statute. The Act, among other things, establishes a recycling fee to be paid by the manufacturers of cathode ray tube (CRT) devices such as computer monitors and televisions. CRT devices, which fall under the umbrella term e-Waste can contain lead, cadmium, mercury and other hazardous materials that pose significant risk to health. For instance, computer monitors and televisions typically contain four to eight pounds of lead. Currently, less than 10% of CRT devices are recycled, despite a statewide ban on putting CRT devices into landfills. Many end up in landfills nonetheless, and then pose a significant risk of toxics leaking into nearby groundwater. The Silicon Valley Toxics Coalition has stated that E-Waste is one of the fastest-growing and most toxic waste streams.

Other key elements of the Act include:

- Reduction in hazardous substances used in certain electronics products sold in California.
- Collection of an electronic waste recycling fee at the point of sale of certain products
- Distribution of recovery and recycling payments to qualified entities covering cost of electronic waste collection and recycling
- Directive to establish environmentally preferred purchasing criteria for state agency purchases of certain electronic equipment.

Product Research and Development

We do not anticipate that we will expend any significant funds on research and development over the twelve months ending July 31, 2007.

Employees

Currently, we have no employees other than our officers. We are not a party to any collective bargaining agreements. We have not entered into any employment agreements with any of our executives. We anticipate that we will enter into employment agreements with our officers when, and if, our revenue production justifies such agreements. We do not currently anticipate that we will hire any employees in the next three months, unless we successfully raise funds necessary to implement our business plan. From time-to-time, we anticipate that we will also use the services of independent contractors and consultants to support our business development. We believe our future success depends in large part upon the continued service of our senior management personnel and our ability to attract and retain highly qualified technical and managerial personnel.

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Purchase or Sale of Equipment

We intend to secure an appropriate location for our recycling facility. We intend to commence development of the site to convert it into a recycling center. This will include the installation of dismantling and sorting tables; upgrading wiring and lighting as required; installation of a conveyor system connected from loading bays to sorting/dismantling tables; wash tubs for e-Waste. We also intend to install a ventilation system for the facility. In addition, we will consider constructing an additional loading bay to the facility. In addition, we will purchase and install a grinding or abrasive turning machine.

RISK FACTORS

Much of the information included in this quarterly report includes or is based upon estimates, projections or other "forward-looking statements". Such forward-looking statements include any projections or estimates made by us and our management in connection with our business operations. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggested herein. We undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of such statements.

Such estimates, projections or other "forward-looking statements" involve various risks and uncertainties as outlined below. We caution readers of this quarterly report that important factors in some cases have affected and, in the future, could materially affect actual results and cause actual results to differ materially from the results expressed in any such estimates, projections or other "forward-looking statements". In evaluating us, our business and any investment in our business, readers should carefully consider the following factors.

1. We have no operating history and have incurred losses since inception which we expect to continue into the future. If the losses continue we may go out of business. We have no assets, limited experience in the proposed line of business, certifications, current customers, or agreements with any processing centers or refurbishers.

We were incorporated in September 27, 2004 and only just recently began reviewing available leasing options to open up our first end of life electronic drop off depot. We have only just completed our business plan to market and offer our end of life electronic recycling depots to individual and businesses and government agencies. We have not realized any revenues to date. We have no operating history upon which an evaluation of our future success or failure can be made. There is a net loss since inception of $(22,918) and also an accumulated deficit of $(22,918). We expect to incur losses for the foreseeable future; therefore, we may not be able to achieve profitable operations and we may not even be able to generate any revenues. We will encounter difficulties as an early stage company in the rapidly evolving and highly marketed recycling end of life electronic industry. Therefore, the revenue and income potential of our business model is unproven.

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2. If we are unable to successfully market our electronic drop of depots then our business will fail. We may require additional funds beyond this offering and we may be unable to obtain any funding.

We must successfully market our end of life electronic recycling depots services to our target markets. If we do not raise sufficient funding and we are unable to successfully market our services we will not be able to generate any revenue. Our failure to earn revenues will cause our business to fail.

3. We face substantial competition from established and new companies in our industry. If we are unable to compete with these companies our proposed business will fail.

We face intense competition from established end of life electronic recycling service companies. We may not be able to compete effectively with these companies now or in the future. Many of our potential competitors have significantly greater financial, marketing, technical and other competitive resources, as well as greater name recognition, than we have. As a result, our competitors may be able to adapt more quickly to changes in consumer requirements or may be able to devote greater resources to the promotion and sale of their services. We may not be able to compete successfully with our potential and existing competitors. In addition, competition could increase if new companies enter the market or if existing competitors expand their services. An increase in competition could result in price reductions and loss of market share and could have a material adverse effect on our business, financial condition or results of operations. To be competitive we will need to continue to invest in sales and marketing. We may not have sufficient resources to make such investments necessary to remain competitive. In addition, current and potential competitors have established or may in the future establish collaborative relationships among themselves or with third parties, including third parties with whom we have relationships, to increase the visibility and utility of their services. Accordingly, new competitors or alliances may emerge and rapidly acquire significant market share. If we are unable to compete with companies in end of life electronic services industry, our proposed business will fail and you will lose your entire investment.

4. We will need to establish, protect, and promote our trade name to operate profitably. This may require obtaining a trademark. Our trademark may not be upheld if challenged and we may be prevented from using this trademark, which could harm our ability to make a profit.

We use the trade name "Global Electronic Recovery Corp." in connection with our business and plan to use it in connection with our website (www.globalelectronicrecovery.com) Our trade name is not registered with the United States Patent and Trademark Office or any state trademark office. Further, we have not developed a specific trademark to serve as a source identifier for our services. We believe a trademark will be important to our ability to create and sustain demand for our services, our website, and future offerings of advertising space or marketing strategies.

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Although our operations have not been restricted as a result of any trademark disputes, significant obstacles such as injunctions or litigation may arise as we develop our trademark and expand our business into new geographic markets. In addition, it may be determined that our trademark violates the proprietary rights of others. Our trademark may not be upheld if challenged and we may be prevented from using this trademark, which could harm our ability to make a profit.

5. If we are required to become certified and our unable to do so, we may be forced to go out of business.

It is proposed through legislated regulations that disposal of non-reusable e-Waste must, in the future, be legally processed through a certified facility (proposed EPA Regulations). When the proposed regulation takes effect it is our goal to become a certified recycling center. However, we are not certified and there is no guarantee we will be in the future. If we are unable to become certified we may be forced to go out of business.

Plan of Operations - Next 12 Months

We have commenced limited operations, and have generated no revenue to date. We are still a development stage corporation.

Over the next twelve months we intend to use funds to commence marketing our service, leasehold improvements and for general and administrative expenditures, as follows:

Estimated Funding Required During the Next Twelve Months

|General and Administrative | $30,000                                     
|-------------------------- | --------------------------------------------
|Operations                 |                                             
|                           | Marketing/Advertising
Leasehold Improvements
|Working Capital            | $30,000                                     
|Total                      | $130,000                                    



Financial Condition, Liquidity and Capital Resources

Our principal capital resources have been through issuance of common stock and shareholder loans.

At July 31, 2006, there was a working capital of $46,793.

At July 31, 2006, our total assets were $55,237, which consisted of cash.

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At July 31, 2006, our total current liabilities were $8,444.

For the six months ended July 31, 2006 we incurred expenditures of $11,329 and posted losses of $11,329. For the six months ending July 31, 2005 we incurred expenditures of $4,180 and posted losses of $4,180. From inception to July 31, 2006 we incurred losses of $22,918. The principal components of the losses since inception through July 31, 2006 were administrative expenses.

Operating expenses for the six months ending July 31, 2006 were $11,329. Operating expenses for the six months ending July 31, 2005, which were $4,180. Operating expenses since inception to July 31, 2006 were $22,918.

At July 31, 2006, we had cash on hand of $55,237. We will require additional financing before we generate significant revenues. We intend to raise the capital required to meet any additional needs through sales of our securities in secondary offerings or private placements. We have no agreements in place to do this at this time. We recently completed a financing in which we raised $66,010 pursuant to an SB-2 registration statement, declared effective February 24, 2006, by selling 660,100 shares of common stock at a price of $0.10 per share. We will likely proceed with a scaled back version of our business plan.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

Our unaudited financial statements and accompanying notes have been prepared in conformity with generally accepted accounting principles in the United States of America for interim financial statements. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financials.

Item 3.  Controls and Procedures.

As required by Rule 13a-15 under the Exchange Act, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures as of the end of the period covered by this quarterly report, being February 28, 2006. This evaluation was carried out under the supervision and with the participation of our company's management, including our company's president and chief executive officer. Based upon that evaluation, our company's president and chief executive officer concluded that our company's disclosure controls and procedures are effective as at the end of the period covered by this report. There have been no significant changes in our company's internal controls or in other factors, which could significantly affect internal controls subsequent to the date we carried out our evaluation.

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Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our company's reports filed or submitted 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 in our company's reports filed under the Exchange Act is accumulated and communicated to management, including our company's president and chief executive officer as appropriate, to allow timely decisions regarding required disclosure.



PART II  -  OTHER INFORMATION

Item 1.  Legal Proceedings.

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

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

None

Item 5. Other Information

None

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Item 6.  Exhibits.

Exhibits required by Item 601 of Regulation S-B

|Exhibit
Number | Description                                                                                                                  
|-------------- | -----------------------------------------------------------------------------------------------------------------------------
|3.1            | Articles of Incorporation (incorporated by reference from our Registration Statement on Form SB-2, filed on August 3, 2005). 
|3.2            | By-laws (incorporated by reference from our Registration Statement on Form SB-2, filed on February 4, 2003).                 
|4.1            | Specimen Stock Certificate (incorporated by reference from our Registration Statement on Form SB-2, filed on August 3, 2005).
|31.1           | Section 302 Certification                                                                                                    
|31.2           | Section 302 Certification                                                                                                    
|32.1           | Section 906 Certification                                                                                                    



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.



|                         | GLOBAL ELECTRONIC RECOVERY CORP.                                             
|------------------------ | -----------------------------------------------------------------------------
|                         | /s/ David O' Neill                                                           
|Date: September 15, 2006 | David O'Neill, President, Treasurer and CEO (Principal Executive Officer) and