**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**Form      10-Q**

|  x | Quarterly                report pursuant Section 13 or 15(d) of the Securities Exchange Act                of                1934 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|

**September      30, 2008**

|  o | Transition                report pursuant Section 13 or 15(d) of the Securities Exchange Act                of                1934 |
|---------|------------------------------------------------------------------------------------------------------------------------------------|

**000-50739**

**ENERGENX      INC.**

| **Nevada**                                         | **20-1044677**                       |
|----------------------------------------------------|--------------------------------------|
| (State                  or other jurisdiction      | (IRS                  Employer       |
| of                  incorporation or organization) | Identification                  No.) |

**6200      E. Commerce Loop, Post Falls, Idaho 83854**
**323      **

**(208)      665-5553**

**N/A**

No 

| Large                  accelerated filer o | Accelerated                  filer o    |
|-------------------------------------------------|----------------------------------------------|
| Non-accelerated                  filer o   | Smaller                  reporting company x |

 No      x

----

**TABLE      OF CONTENTS**

| PART                  I -     |   |  FINANCIAL                  INFORMATION                                                                                      | 3  |
|-------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------|----|
| **Item1.**                    |   | **Financial                  Statements**                                                                                         | 3  |
| **Item                  2.**  |   | **Management’s                  Discussion and Analysis of Financial Condition and Results of                  Operations** | 11 |
| **Item                  3.**  |   | **Quantitative                  and Qualitative Disclosures About Market Risk**                                                   | 14 |
| **Item                  4.**  |   | **Controls                  and Procedures**                                                                                      | 14 |
| Part                  II.     |   | OTHER                  INFORMATION                                                                                                | 14 |
| **Item                  1.**  |   | **Legal                  Proceedings**                                                                                            | 14 |
| **Item                  1A.** |   | **Risk                  Factors**                                                                                                 | 14 |
| **Item                  2.**  |   | **Unregistered                  Sales of Equity Securities and Use of Proceeds**                                                  | 15 |
| **Item                  3.**  |   | **Defaults                  Upon Senior Securities**                                                                              | 15 |
| **Item                  4.**  |   | **Submission                  of Matters to a Vote of Security Holders**                                                          | 15 |
| **Item                  5.**  |   | **Other                  Information**                                                                                            | 15 |
| **Item                  6.**  |   | **Exhibits**                                                                                                                      | 15 |
| SIGNATURES                    | 16     |

----

**ENERGENX,      INC.**

**BALANCE      SHEET**

**(UNAUDITED)**

**PART      I - FINANCIAL INFORMATION**

| **Item              1.** | **Financial                Statements** |
|--------------------------|-----------------------------------------|

**ENERGENX,        INC. **

**(A        Development Stage Company) **

**BALANCE        SHEET **

|                                                                                                                                                                    |   | September                  30, |       |                               |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|------------|-------------------------------|--------|
|                                                                                                                                                                    |   | 2008                           |       | December                  31, |   |
|                                                                                                                                                                    |   | (unaudited)                    |       | 2007                          |   |
| **ASSETS**                                                                                                                                                              |   |                           |       |                          |   |
|                                                                                                                                                                    |   |                           |       |                          |   |
| **CURRENT                  ASSETS**                                                                                                                                     |   |                           |       |                          |   |
| Cash                                                                                                                                                                    |   | $                              | 215,466    |                          | $      | 532,545 |   |
| Accounts                  receviable                                                                                                                                    |   |                           |       |                          |   | — |   |
| Inventory                                                                                                                                                               |   |                           | 18,062     |                          |   |   |   |
| Notes                  receivable                                                                                                                                       |   |                           | 1,509      |                          |   | 1,509 |   |
| Prepaid                  expense                                                                                                                                        |   |                           | 28,224     |                          |   | 7,614 |   |
| Total                  Current Assets                                                                                                                                   |   |                           | 263,261    |                          |   | 541,668 |   |
|                                                                                                                                                                    |   |                           |       |                          |   |   |   |
| **PROPERTY                  AND EQUIPMENT, NET**                                                                                                                        |   |                           | 16,970     |                          |   | 18,130 |   |
|                                                                                                                                                                    |   |                           |       |                          |   |   |   |
| **OTHER                  ASSETS**                                                                                                                                       |   |                           |       |                          |   |   |   |
| License,                  net of accumulated amortization                                                                                                               |   |                           | 49,000     |                          |   | 54,400 |   |
| Patents,                  net of accumulated amortization                                                                                                               |   |                           | 32,467     |                          |   | 38,404 |   |
| Total                  Other Assets                                                                                                                                     |   |                           | 81,467     |                          |   | 92,804 |   |
|                                                                                                                                                                    |   |                           |       |                          |   |   |   |
| **TOTAL                  ASSETS**                                                                                                                                       |   | $                              | 361,698    |                          | $      | 652,602 |   |
|                                                                                                                                                                    |   |                           |       |                          |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS' EQUITY (DEFICIT)**                                                                                                     |   |                           |       |                          |   |   |   |
|                                                                                                                                                                    |   |                           |       |                          |   |   |   |
| **CURRENT                  LIABILITIES**                                                                                                                                |   |                           |       |                          |   |   |   |
| Accounts                  payable                                                                                                                                       |   | $                              | 3,320      |                          | $      | 8,101 |   |
| Accounts                  payable - related party                                                                                                                       |   |                           | —    |                          |   | 1,040 |   |
| Customer                  deposits                                                                                                                                      |   |                           | 10,701     |                          |   | — |   |
| Deposit                  on license                                                                                                                                     |   |                           | 5,000      |                          |   | 5,000 |   |
| Payroll                  taxes payable                                                                                                                                  |   |                           | 1,829      |                          |   | 4,024 |   |
| Unclaimed                  property                                                                                                                                     |   |                           | 6,599      |                          |   | 6,599 |   |
| Total                  Current Liabilities                                                                                                                              |   |                           | 27,449     |                          |   | 24,764 |   |
|                                                                                                                                                                    |   |                           |       |                          |   |   |   |
| **COMMITMENTS                  AND CONTINGENCIES**                                                                                                                      |   |                           | —    |                          |   | — |   |
|                                                                                                                                                                    |   |                           |       |                          |   |   |   |
| **STOCKHOLDERS'                  EQUITY (DEFICIT)**                                                                                                                     |   |                           |       |                          |   |   |   |
| Preferred                    stock, $.001 par value; 5,000,000 shares authorized, no shares                    issued or outstanding                                    |   |                           | —    |                          |   | — |   |
| Common                    stock, $.001 par value; 50,000,000 shares authorized, 29,697,276                    and 29,697,276 shares issued and oustanding, respectively |   |                           | 29,697     |                          |   | 29,697 |   |
| Additional                  paid-in capital                                                                                                                             |   |                           | 3,650,717  |                          |   | 3,650,717 |   |
| Deficit                  accumulated during development stage                                                                                                           |   |                           | (3,346,165 | )                             |   | (3,052,576 | ) |
| Total                  Stockholders' Equity (Deficit)                                                                                                                   |   |                           | 334,249    |                          |   | 627,838 |   |
|                                                                                                                                                                    |   |                           |       |                          |   |   |   |
| **TOTAL                  LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)**                                                                                               |   | $                              | 361,698    |                          | $      | 652,602 |   |

----

**ENERGENX,          INC.**

**STATEMENT          OF OPERATIONS**

**(UNAUDITED)**

**ENERGENX,        INC.**

**(A        Development Stage Company)**

**STATEMENTS        OF OPERATIONS**

|                                                                                                                                  |   |   | Three                      MonthsEndedSeptember                      30, |   |   | Three                      MonthsEndedSeptember                      30, |   |   | Nine                      MonthsEndedSeptembe                      30, |   |   | Nine                        MonthsEndedSeptembe                      30, |   |   | FromSeptember                              29,1999(Inception)                              toSeptember                              30, |   |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                  |   |   | 2008                                                                     |   |   | 2007                                                                     |   |   | 2008                                                                   |   |   | 2007                                                                     |   |   | 2008                                                                                                                                    |   |
|                                                                                                                                  |   |   | (unaudited)                                                              |   |   | (unaudited)                                                              |   |   | (unaudited)                                                            |   |   | (unaudited)                                                              |   |   | (unaudited)                                                                                                                             |   |
| **REVENUES**                                                                                                                          |   | $      | 34,642                                                                   |   |   | —                                                                  |   | $      | 58,496                                                                 |   |   | 3,735                                                                    |   | $      | 76,481                                                                                                                                  |   |
|                                                                                                                                  |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| **COST                    OF GOODS SOLD**                                                                                             |   |   | 20,349                                                                   |   |   | —                                                                  |   |   | 37,319                                                                 |   |   | 869                                                                      |   |   | 39,002                                                                                                                                  |   |
|                                                                                                                                  |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| **GROSS                    PROFIT**                                                                                                   |   |   | 14,293                                                                   |   |   | —                                                                  |   |   | 21,177                                                                 |   |   | 2,866                                                                    |   |   | 37,479                                                                                                                                  |   |
|                                                                                                                                  |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| **OPERATING                    EXPENSES**                                                                                             |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| Amortization                    and depreciation                                                                                      |   |   | 5,953                                                                    |   |   | 5,896                                                                    |   |   | 17,628                                                                 |   |   | 17,764                                                                   |   |   | 153,462                                                                                                                                 |   |
| Board                    of directors fees                                                                                            |   |   | —                                                                  |   |   | —                                                                  |   |   | —                                                                |   |   | —                                                                  |   |   | 388,000                                                                                                                                 |   |
| Consulting                                                                                                                            |   |   | —                                                                  |   |   | —                                                                  |   |   | —                                                                |   |   | —                                                                  |   |   | 316,029                                                                                                                                 |   |
| General                    and administrative                                                                                         |   |   | 13,816                                                                   |   |   | 9,861                                                                    |   |   | 38,431                                                                 |   |   | 44,453                                                                   |   |   | 305,001                                                                                                                                 |   |
| Legal                    and accounting                                                                                               |   |   | 7,021                                                                    |   |   | 8,201                                                                    |   |   | 44,952                                                                 |   |   | 44,408                                                                   |   |   | 259,705                                                                                                                                 |   |
| License                    and fees                                                                                                   |   |   | 125                                                                      |   |   | —                                                                  |   |   | 211                                                                    |   |   | 15                                                                       |   |   | 107,750                                                                                                                                 |   |
| Marketing                                                                                                                             |   |   | —                                                                  |   |   | —                                                                  |   |   | —                                                                |   |   | —                                                                  |   |   | 19,464                                                                                                                                  |   |
| Rent                                                                                                                                  |   |   | 8,700                                                                    |   |   | 7,200                                                                    |   |   | 23,600                                                                 |   |   | 21,600                                                                   |   |   | 240,468                                                                                                                                 |   |
| Research                    and development                                                                                           |   |   | 40,534                                                                   |   |   | 40,180                                                                   |   |   | 115,873                                                                |   |   | 119,770                                                                  |   |   | 759,588                                                                                                                                 |   |
| Salaries                    and benefits                                                                                              |   |   | 25,285                                                                   |   |   | 16,487                                                                   |   |   | 75,124                                                                 |   |   | 69,736                                                                   |   |   | 805,483                                                                                                                                 |   |
| Travel                                                                                                                                |   |   | —                                                                  |   |   | —                                                                  |   |   | —                                                                |   |   | 990                                                                      |   |   | 1,580                                                                                                                                   |   |
| **TOTAL                    OPERATING EXPENSES**                                                                                       |   |   | 101,434                                                                  |   |   | 87,825                                                                   |   |   | 315,819                                                                |   |   | 318,736                                                                  |   |   | 3,356,530                                                                                                                               |   |
|                                                                                                                                  |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| **LOSS                    FROM OPERATIONS**                                                                                           |   |   | (87,141                                                                  | )      |   | (87,825                                                                  | )      |   | (294,642                                                               | )      |   | (315,870                                                                 | )      |   | (3,319,051                                                                                                                              | )      |
|                                                                                                                                  |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| **OTHER                    INCOME (EXPENSES)**                                                                                        |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| Interest                    income                                                                                                    |   |   | 313                                                                      |   |   | 630                                                                      |   |   | 1,053                                                                  |   |   | 1,602                                                                    |   |   | 3,321                                                                                                                                   |   |
| Other                    income                                                                                                       |   |   | —                                                                  |   |   | —                                                                  |   |   | —                                                                |   |   | —                                                                  |   |   | 853                                                                                                                                     |   |
| Interest                    expense                                                                                                   |   |   | —                                                                  |   |   | —                                                                  |   |   | —                                                                |   |   | —                                                                  |   |   | (34,877                                                                                                                                 | )      |
| Loss                    on disposal of asset                                                                                          |   |   | —                                                                  |   |   | —                                                                  |   |   | —                                                                |   |   | (21                                                                      | )      |   | (1,730                                                                                                                                  | )      |
| Gain                    on forgiveness of debt                                                                                        |   |   | —                                                                  |   |   | —                                                                  |   |   | —                                                                |   |   | 1,000                                                                    |   |   | 5,319                                                                                                                                   |   |
| **TOTAL                    OTHER INCOME (EXPENSES)**                                                                                  |   |   | 313                                                                      |   |   | 630                                                                      |   |   | #1,053                                                                 |   |   | 2,581                                                                    |   |   | #(27,114                                                                                                                                | )      |
|                                                                                                                                  |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| **LOSS                    BEFORE TAXES**                                                                                              |   |   | (86,828                                                                  | )      |   | (87,195                                                                  | )      |   | (293,589                                                               | )      |   | (313,289                                                                 | )      |   | (3,346,165                                                                                                                              | )      |
|                                                                                                                                  |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| **INCOME                    TAXES**                                                                                                   |   |   | —                                                                  |   |   | —                                                                  |   |   | —                                                                |   |   | —                                                                  |   |   | —                                                                                                                                 |   |
|                                                                                                                                  |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| **NET                    LOSS**                                                                                                       |   | $      | (86,828                                                                  | )      |   | (87,195                                                                  | )      | $      | (293,589                                                               | )      |   | (313,289                                                                 | )      | $      | (3,346,165                                                                                                                              | )      |
|                                                                                                                                  |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
|                                                                                                                                       |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| NET                        LOSS PER COMMON SHARE, BASIC AND DILUTED                                                                   |   | $      | nil                                                                      |   |   | nil                                                                      |   | $      | (0.01                                                                  | )      |   | (0.01                                                                    | )      |   |                                                                                                                                    |   |
|                                                                                                                                  |   |   |                                                                     |   |   |                                                                     |   |   |                                                                   |   |   |                                                                     |   |   |                                                                                                                                    |   |
| WEIGHTED                          AVERAGE NUMBER OF  COMMON STOCK SHARES OUTSTANDING, BASIC AND                          DILUTED |   |   | 29,697,276                                                               |   |   | 29,697,276                                                               |   |   | 29,697,276                                                             |   |   | 29,697,276                                                               |   |   |                                                                                                                                    |   |

----

**ENERGENX,          INC.**

**STATEMENT          OF CASH FLOWS**

**(UNAUDITED)**

**ENERGENX,        INC.**

**(A        Development Stage Company)**

**STATEMENTS        OF CASH FLOWS**

|                                                                                                                                   |   |                             |     |                             |   | From                              |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|----------|----------------------------------|--------|-----------------------------------|--------|
|                                                                                                                                   |   |                             |     |                             |   | September                    29,  |   |
|                                                                                                                                   |   | Nine                    Months   |     | Nine                    Months   |   | 1999                              |   |
|                                                                                                                                   |   | Ended                            |     | Ended                            |   | (Inception)                    to |   |
|                                                                                                                                   |   | September                    30, |     | September                    30, |   | September                    30,  |   |
|                                                                                                                                   |   | 2008                             |     | 2007                             |   | 2008                              |   |
|                                                                                                                                   |   | (unaudited)                      |     | (unaudited)                      |   | (unaudited)                       |   |
| **CASH                    FLOWS FROM OPERATING ACTIVITIES:**                                                                           |   |                             |     |                             |   |                              |   |
| Net                    loss                                                                                                            |   | $                                | (293,589 | )                                | $      | (313,289                          | )      | $ | (3,346,165 | ) |
| Stock                    and options issued for directors fees                                                                         |   |                             | —  |                             |   | —                           |   |   | 378,000 |   |
| Stock                    issued for consulting fees                                                                                    |   |                             | —  |                             |   | —                           |   |   | 110,000 |   |
| Stock                    issued for services                                                                                           |   |                             | —  |                             |   | —                           |   |   | 104,566 |   |
| Stock                    issued for licensing fees                                                                                     |   |                             | —  |                             |   | —                           |   |   | 100,000 |   |
| Stock                    issued for payment of interest                                                                                |   |                             | —  |                             |   | —                           |   |   | 8,300 |   |
| Gain                    on debt forgiveness                                                                                            |   |                             | —  |                             |   | (1,000                            | )      |   | (4,319 | ) |
| Loss                    on disposal of asset                                                                                           |   |                             | —  |                             |   | 21                                |   |   | 1,827 |   |
| Amortization                    and depreciation                                                                                       |   |                             | 17,628   |                             |   | 17,764                            |   |   | 153,466 |   |
| Adjustments                        to reconcile net (loss) to net cash provided (used) by operating                        activities: |   |                             |     |                             |   |                              |   |   |   |   |
| Decrease                    (increase) in note receivable                                                                              |   |                             | —  |                             |   | (990                              | )      |   | (1,509 | ) |
| Decrease                    (increase) in prepaids                                                                                     |   |                             | (20,610  | )                                |   | 21,836                            |   |   | (28,224 | ) |
| Decrease                    in deposits                                                                                                |   |                             | —  |                             |   | —                           |   |   | 5,000 |   |
| Decrease                    (increase) in inventory                                                                                    |   |                             | (18,062  | )                                |   |                              |   |   | (18,062 | ) |
| Increase                    (decrease) in interest payable                                                                             |   |                             | —  |                             |   | (5,281                            | )      |   |   |   |
| Increase                    (decrease) in accounts payable                                                                             |   |                             | (5,820   | )                                |   | 399                               |   |   | 7,634 |   |
| Increase                    (decrease) in accrued payroll                                                                              |   |                             | —  |                             |   | (35,000                           | )      |   | — |   |
| Increase                    (decrease) in payroll taxes payable                                                                        |   |                             | (2,195   | )                                |   | (24,905                           | )      |   | 1,830 |   |
| Increase                    (decrease) in customer deposits                                                                            |   |                             | 10,701   |                             |   | —                           |   |   | 10,701 |   |
| Increase                    (decrease) in unclaimed property                                                                           |   |                             | —  |                             |   | —                           |   |   | 6,599 |   |
| Net                    cash used by operating activities                                                                               |   |                             | (311,947 | )                                |   | (340,445                          | )      |   | (2,510,356 | ) |
|                                                                                                                                   |   |                             |     |                             |   |                              |   |   |   |   |
| **CASH                    FLOWS FROM INVESTING ACTIVITIES:**                                                                           |   |                             |     |                             |   |                              |   |   |   |   |
| Cash                    paid for patent                                                                                                |   |                             |     |                             |   | (6,374                            | )      |   | (79,151 | ) |
| Cash                    paid for equipment purchased                                                                                   |   |                             | —  |                             |   | (6,140                            | )      |   | (51,116 | ) |
| Cash                    paid for leasehold improvements                                                                                |   |                             | (5,132   | )                                |   | —                           |   |   | (11,865 | ) |
| Net                    cash used by investing activities                                                                               |   |                             | (5,132   | )                                |   | (12,514                           | )      |   | (142,132 | ) |
|                                                                                                                                   |   |                             |     |                             |   |                              |   |   |   |   |
| **CASH                    FLOWS FROM FINANCING ACTIVITIES:**                                                                           |   |                             |     |                             |   |                              |   |   |   |   |
| Cash                    paid for stock offering costs                                                                                  |   |                             | —  |                             |   | —                           |   |   | (62,130 | ) |
| Merger                    and recapitalization costs                                                                                   |   |                             | —  |                             |   | —                           |   |   | (4,300 | ) |
| Proceeds                    from issuance of convertible debt                                                                          |   |                             | —  |                             |   | —                           |   |   | 60,010 |   |
| Proceeds                    from notes payable                                                                                         |   |                             | —  |                             |   | —                           |   |   | 199,610 |   |
| Payment                    of notes payable                                                                                            |   |                             | —  |                             |   | —                           |   |   | (111,542 | ) |
| Increase                    in deposit on common stock                                                                                 |   |                             | —  |                             |   | —                           |   |   | 600,000 |   |
| Proceeds                    from sale of common stock                                                                                  |   |                             | —  |                             |   | 500,000                           |   |   | 2,186,306 |   |
| Net                    cash provided by financing activities                                                                           |   |                             | —  |                             |   | 500,000                           |   |   | 2,867,954 |   |
|                                                                                                                                   |   |                             |     |                             |   |                              |   |   |   |   |
| Change                    in cash                                                                                                      |   |                             | (317,079 | )                                |   | 147,041                           |   |   | 215,466 |   |
|                                                                                                                                   |   |                             |     |                             |   |                              |   |   |   |   |
| **Cash,                    beginning of period**                                                                                       |   |                             | 532,545  |                             |   | 499,235                           |   |   | — |   |
|                                                                                                                                   |   |                             |     |                             |   |                              |   |   |   |   |
| **Cash,                    end of period**                                                                                             |   | $                                | 215,466  |                             | $      | 646,276                           |   | $ | 215,466 |   |
|                                                                                                                                   |   |                             |     |                             |   |                              |   |   |   |   |
| **SUPPLEMENTAL                    CASH FLOW INFORMATION:**                                                                             |   |                             |     |                             |   |                              |   |   |   |   |
| Interest                    paid                                                                                                       |   | $                                | —  |                             | $      | 2,607                             |   | $ |  |   |
| Income                    taxes paid                                                                                                   |   | $                                | —  |                             | $      | —                           |   | $ |  |   |
|                                                                                                                                   |   |                             |     |                             |   |                              |   |   |   |   |
| **NON-CASH                    INVESTING AND FINANCING ACTIVITIES:**                                                                    |   |                             |     |                             |   |                              |
| Common                    stock issued for equipment                                                                                   |   | $                                | —  |                             | $      | —                           |   | $ | 3,612 |   |
| Common                    stock issued for debt                                                                                        |   | $                                | —  |                             | $      | —                           |   | $ | 198,060 |   |
| Common                    stock issued for technology license                                                                          |   | $                                | —  |                             | $      | —                           |   | $ | 58,000 |   |
| Common                    stock issued for deposit                                                                                     |   |                             |     |                             | $      | $                    600,000      |   | $ | 600,000 |   |
| Purchased                    patent included in accounts payable                                                                       |   |                             |     |                             | $      | $                    6,374        |   | $ | 6,374 |   |
| Satisfaction                    of debt through note receivable                                                                        |   |                             |     |                             | $      | $                    660          |   | $ | 660 |   |

----

**ENERGENX,        INC.**

**(A        Development Stage Company)**

**NOTES        TO FINANCIAL STATEMENTS**

**NINE        MONTHS ENDED SEPTEMBER 30, 2008 AND 2007**

**(UNAUDITED)**

**NOTE      1 - BASIS OF PRESENTATION**

**NOTE      2 - SIGNIFICANT ACCOUNTING POLICIES**

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**ENERGENX,        INC.**

**(A        Development Stage Company)**

**NOTES        TO FINANCIAL STATEMENTS**

**NINE        MONTHS ENDED SEPTEMBER 30, 2008 AND 2007**

**(UNAUDITED)**

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**ENERGENX,        INC.**

**(A        Development Stage Company)**

**NOTES        TO FINANCIAL STATEMENTS**

**NINE        MONTHS ENDED SEPTEMBER 30, 2008 AND 2007**

**(UNAUDITED)**

|                          |   |   | September                30, 2008 |   |   | September                30, 2007 |   |
|-------------------------------|--------|--------|-----------------------------------|--------|--------|-----------------------------------|--------|
| Raw                Materials  |   | $      | 1,370                             |   |   | —                           |   |
| Work-in-Process               |   | $      | 8,270                             |   |   | —                           |   |
| Finished                Goods |   | $      | 8,422                             |   |   | —                           |   |
|                          |   | $      | 18,062                            |   | $      | —                           |   |

**NOTE      3 - PROPERTY AND EQUIPMENT**

|                                          |   |   | September                31, 2008  |   |   | December                31,2007  |   |
|-----------------------------------------------|--------|--------|-----------------------------------------|--------|--------|---------------------------------------|--------|
| Machinery                                     |   | $      | 35,379                                  |   | $      | 35,379                                |   |
| Office                Furniture and Equipment |   |   | 18,963                                  |   |   | 18,963                                |   |
| Leasehold                Improvements         |   |   | 10,423                                  |   |   | 5,292                                 |   |
|                                          |   |   | 64,766                                  |   |   | 59,634                                |   |
| Less                Accumulated Depreciation  |   |   | (47,796                                 | )      |   | (41,504                               | )      |
| Property                and Equipment - Net   |   | $      | 16,970                                  |   | $      | 18,130                                |   |

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**ENERGENX,        INC.**

**(A        Development Stage Company)**

**NOTES        TO FINANCIAL STATEMENTS**

**NINE        MONTHS ENDED SEPTEMBER 30, 2008 AND 2007**

**(UNAUDITED)**

**NOTE      4 - PATENTS**

|                                       |   | Cost  |    | Accumulated                Amortization |   | Net                Amount |   |
|--------------------------------------------|--------|------------|---------|-----------------------------------------|--------|---------------------------|--------|
| Balance,                December 31, 2004  |   | $          | 68,500  |                                    | $      | 19,076                    |   | $ | 49,424 |   |
| 2005                Activity               |   |       | — |                                    |   | 6,850                     |   |   | — |   |
| Balance,                December 31, 2005  |   |       | 68,500  |                                    |   | 25,926                    |   |   | 42,574 |   |
| 2006                Activity               |   |       | 1,450   |                                    |   | 6,907                     |   |   | — |   |
| Balance,                December 31, 2006  |   | $          | 69,950  |                                    | $      | 32,833                    |   | $ | 37,117 |   |
| 2007                Activity               |   |       | 9,201   |                                    |   | 7,915                     |   |   |   |   |
| Balance,                December 31, 2007  |   |       | 79,151  |                                    |   | 40,748                    |   |   | 38,404 |   |
| 2008                Activity               |   |       | — |                                    |   | 5,936                     |   |   | — |   |
| Balance,                September 30, 2008 |   |       | 79,151  |                                    |   | 46,684                    |   |   | 32,467 |   |

**NOTE      5 **
**TECHNOLOGY      LICENSES**

**NOTE      6 - RELATED PARTY TRANSACTIONS**

**NOTE      7 - CAPITAL STOCK**

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**ENERGENX,        INC.**

**(A        Development Stage Company)**

**NOTES        TO FINANCIAL STATEMENTS**

**NINE        MONTHS ENDED SEPTEMBER 30, 2008 AND 2007**

**(UNAUDITED)**

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| **Item              2.** | **Management’s                Discussion and Analysis of Financial Condition and Results of                Operations** |
|--------------------------|-------------------------------------------------------------------------------------------------------------------------------|

**CAUTIONARY      STATEMENT FOR FORWARD-LOOKING STATEMENTS**

***THIS      QUARTERLY REPORT ON FORM 10-Q CONTAINS “FORWARD-LOOKING STATEMENTS” WITHIN THE      MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE      A      HIGH DEGREE OF RISK AND UNCERTAINTY. ALL STATEMENTS, OTHER THAN STATEMENTS      OF      HISTORICAL FACTS, INCLUDED IN OR INCORPORATED BY REFERENCE INTO THIS FORM 10-Q      ARE FORWARD-LOOKING STATEMENTS. IN ADDITION, WHEN USED IN THIS DOCUMENT, THE      WORDS “ANTICIPATE,” “ESTIMATE,” “PROJECT,” AND SIMILAR EXPRESSIONS ARE INTENDED      TO IDENTIFY FORWARD-LOOKING STATEMENTS. OUR ACTUAL RESULTS MAY DIFFER MATERIALLY      FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS DUE TO RISKS AND      UNCERTAINTIES THAT EXIST IN OUR OPERATIONS. THESE FORWARD-LOOKING STATEMENTS      ARE      SUBJECT TO CERTAIN RISKS, UNCERTAINTIES AND ASSUMPTIONS INCLUDING AMONG OTHERS,      THE RISK THAT OUR PRODUCT DEVELOPMENT PROGRAMS WILL NOT PROVE SUCCESSFUL, THAT      WE WILL NOT BE ABLE TO OBTAIN FINANCING TO COMPLETE ANY FUTURE PRODUCT      DEVELOPMENT, THAT OUR PRODUCTS WILL NOT PROVE COMPETITVE IN THEIR MARKETS.      THESE      RISKS AND OTHERS ARE MORE FULLY DESCRIBED IN OUR ANNUAL REPORT ON FORM 10-KSB.      SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES MATERIALIZE, OR SHOULD      UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY      FROM      THOSE ANTICIPATED, ESTIMATED OR PROJECTED.***

***ALTHOUGH      WE BELIEVE THAT THE EXPECTATIONS INCLUDED IN SUCH FORWARD-LOOKING STATEMENTS      ARE      REASONABLE, WE CANNOT GIVE ANY ASSURANCES THAT THESE EXPECTATIONS WILL PROVE      TO      BE CORRECT. WE UNDERTAKE NO OBLIGATION TO PUBLICLY RELEASE THE RESULT OF ANY      REVISIONS TO SUCH FORWARD-LOOKING STATEMENTS THAT MAY BE MADE TO REFLECT EVENTS      OR CIRCUMSTANCES AFTER THE DATE HEREOF OR TO REFLECT THE OCCURRENCE OF      UNANTICIPATED EVENTS.***

**General**

**Product      Research and Development Plans**

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** **

** **

**Liquidity      and Capital Resources**

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| ·   | our                existing capital resources and interest earned on that                capital; |
|--------------------|---------------------------------------------------------------------------------------------------|

| ·   | revenues                from purchase of Potential modules by GTG Corp., if                any; |
|--------------------|-------------------------------------------------------------------------------------------------|

| ·   | revenues                from sale of chargers to Renaissance Charge, LLC or Classic Electrics,                LLC, if any; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------|

| ·   | royalty                income, if any, from product sales by GTG                Corp.; |
|--------------------|----------------------------------------------------------------------------------------|

| ·   | through                future private placement financing. |
|--------------------|------------------------------------------------------------|

**Critical      Accounting Policies and Estimates**

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**Revenue      recognition**
*:*

**Research,      development costs: **

**Estimates.      **

**Intangible      Assets.**

| **Item              3.** | **Quantitative                and Qualitative Disclosures About Market                Risk** |
|--------------------------|----------------------------------------------------------------------------------------------|

| **Item              **4.**** | **Controls                and Procedures** |
|------------------------------|--------------------------------------------|

**Evaluation      of Disclosure Controls and Procedures**

**Part      II.**
**OTHER      INFORMATION**

| **Item              1.** | **Legal                Proceedings** |
|--------------------------|--------------------------------------|

| **Item              1A.** | **Risk                Factors** |
|---------------------------|---------------------------------|

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| **Item              **2.**** | **Unregistered                Sales of Equity Securities and Use of Proceeds**** ** |
|------------------------------|------------------------------------------------------------------------------------------|

| **Item              3.** | ** ****Defaults                Upon Senior Securities** |
|--------------------------|--------------------------------------------------------------|

| **Item              4.** | ** ****Submission                of Matters to a Vote of Security                Holders** |
|--------------------------|-------------------------------------------------------------------------------------------------|

| **Item              5.** | ** ****Other                Information** |
|--------------------------|------------------------------------------------|

| **Item              6.** | ** ****Exhibits**** ** |
|--------------------------|----------------------------------|

| (a) | Exhibits |
|-----|----------|

| **Exhibit                Number** |   | **Description                of Exhibit**                                                                                                                                                                                   |
|-----------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1                              |   | Addendum                to Lease Agreement                between Powderhorn Properties, LLC and Energenx, Inc. dated June                1,                2008                                                            |
|                              |   |                                                                                                                                                                                                                        |
| 10.2                              |   | Test                Market Program agreement                between Classic Electrics, LLC and Energenx, Inc. dated May 9,                2008                                                                              |
|                              |   |                                                                                                                                                                                                                        |
| 31.1                              |   | Certification                of Principal Executive Officer pursuant to Rule 13a-14 and Rule 15d-14(a),                promulgated under the Securities and Exchange Act of 1934, as                amended.                |
|                              |   |                                                                                                                                                                                                                        |
| 31.2                              |   | Certification                of Principal Financial Officer pursuant to Rule 13a-14 and Rule 15d                14(a),                promulgated under the Securities and Exchange Act of 1934, as                amended. |
|                              |   |                                                                                                                                                                                                                        |
| 32.1                              |   | Certification                pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002 (Chief Executive                Officer).               |
|                              |   |                                                                                                                                                                                                                        |
| 32.2                              |   | Certification                pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002 (Chief Financial                Officer).               |

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**SIGNATURES**

|                             |                                                                                                                       |                              |
|----------------------------------|----------------------------------------------------------------------------------------------------------------------------|-----------------------------------|
|                             | Energenx,                Inc.                                                                                              |
|                        |                                                                                                                  |                         |
| November                12, 2008 | By:                                                                                                              | /s/ Gary              Bedini |
|                             | Gary                BediniPresident                and Chief Executive Officer(Principal                Executive Officer) |

|                             |                                                                                                                        |                              |
|----------------------------------|-----------------------------------------------------------------------------------------------------------------------------|-----------------------------------|
| November                12, 2008 | By:                                                                                                               | /s/ Rick              Street |
|                             | Rick                StreetChief                Financial Officer(Principal                Financial and Accounting Officer) |

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