UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



Second
Amended Form 10-Q



(Mark
One)

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

For
the quarterly period ended December 31, 2008

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

For
the transition period from to

Commission
file number 000-50898







_____________FalconTarget,
Inc._____________

(Exact
name of small business issuer as specified in its charter)



|Delaware                                                           | 34-1996523                              
|------------------------------------------------------------------ | ----------------------------------------
|(State
				or other jurisdiction of incorporation or organization) | (I.R.S.
				Employer Identification No.)



260
Water St #3C, Brooklyn, NY 11201

(Address
of principal executive offices) (Zip Code)



Issuer’s
telephone number (202
)
294-8887_________________________



None

(Former
name, former address and former fiscal year, if changed since last
report)



Indicate
by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes[X] No[
]

Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of “large accelerated filer,”
“accelerated filer” and “smaller reporting company”
in Rule 12b-2 of the Exchange Act.

Large
accelerated filer[
]Accelerated
filer[
]

Non-accelerated
filer[
](Do
not check if a smaller reporting company) Smaller reporting company[X]

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

Indicate
the number of shares outstanding of each of the issuer’s
classes of common stock, as of the latest practicable date: As of
September 30, 2008: 22,000,000 shares of common stock $0.00001 par
value. No shares of preferred stock.

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

Page 1

Table
of Contents

Part I – Financial Information
			3Item 1. Financial Statements.
			3Item 2. Management’s
				Discussion and Analysis.
			7Item 3. Quantitative and
				Qualitative Disclosures About Market Risk.
			8Item 4. Controls and Procedures.
			9Item 4T. Controls and Procedures.
			10PART II
			10Item 1. Legal Proceedings.
			10Item 1A. Risk Factors.
			10Item 2. Changes in Securities and
				Use of Proceeds.
			10Item 3. Defaults Upon Senior
				Securities.
			10Item 4. Submission of Matters to a
				Vote of Security Holders.
			10Item 5. Other Information.
			10


Forward Looking Statements In this filing references to "FalconTarget,"
	"we," "us," and "our" refer to
	FalconTarget, Inc. of Delaware. This Form 10-Q contains certain forward-looking
	statements. For this purpose any statements contained in this Form
	10-Q that are not statements of historical fact may be deemed to be
	forward-looking statements. Without limiting the foregoing, words
	such as "may," "will," "expect,"
	"believe," "anticipate," "estimate" or
	"continue" or comparable terminology are intended to
	identify forward-looking statements. By their nature these
	statements involve substantial risks and uncertainties, and actual
	results may differ materially depending on a variety of factors,
	many of which are not within our control. These factors include but
	are not limited to economic conditions generally and in the
	industries in which we may participate; competition within our
	chosen industry, including competition from much larger competitors;
	technological advances and failure by us to successfully develop
	business relationships or consummate a business transaction, as
	defined below. Page 2 Part
		I – Financial Information
		Item
			1. Financial Statements. FALCONTARGET INC.A DEVELOPMENT STAGE
	COMPANYBALANCE SHEETDECEMBER 31, 2008 AND JUNE 30, 2008 ASSETS CURRENT
					ASSETS:
				December
					31, 2008
					(unaudited)
				June
					30,2008(audited)CASH
				$ 88
				$ 88TOTAL CURRENT ASSETS
				88
				88TOAL ASSETS:
				$ 88
				$ 88 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT
					LIABILITIES:ACCOUNTS PAYABLE
				$ 0
				$ 0TOTAL CURRENT LIABILITIES
				0
				0LONG-TERM
					DEBT, NET OF CURRENT PORTION:LOAN FROM SHAREHOLDERS
				3,114
				3,114TOTAL LONG-TERM DEBT, NET OF CURRENT PORTION
				3,114
				3,114STOCKHOLDERS' EQUITY:COMMON STOCK, $0.000001 PAR VALUE; AUTHORIZED
					100,000,000 SHARES; ISSUED AND OUTSTANDING: 22,000,000 SHARES
					@.000001
				22
				22PAID-IN CAPITAL
				78
				78ACCUMULATED DEFICIT DURING DEVELOPMENT
					STAGE
				(3,126)
				(3,126)TOTAL STOCKHOLDERS' EQUITY
				(3,026)
				(3,026)EARNINGS PER SHARE:NET LOSS OF -1,370 AND 0; 22,000,000 WEIGHTED
					AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
				0
				0BASIC LOSS PER COMMON SHARE
				$0
				$(0)TOTAL LIABILITIES AND STOCKHOLDERS'
					EQUITY
				$ 88
				$ 88 SEE ACCOMPANYING NOTES Page
	3 FALCONTARGET
	INC.A DEVELOPMENT STAGE COMPANYSTATEMENT OF INCOME
	(UNAUDITED)PERIODS ENDED DECEMBER 31, 2008 AND DECEMBER 31, 2007 REVENUE
				Three
					months through12/31/2008
				Three
					months through12/31/2007
				Six
					months through12/31/2008
				Six
					months through12/31/2007
				From
					inception to 12/31/2008INCOME
				0
				0
				0
				0
				0TOTAL REVENUE
				0
				0
				0
				0
				0COST OF SALES
				0
				0
				0
				0
				0TOTAL COST OF SALES
				0
				0
				0
				0
				0GROSS PROFIT
				0
				0
				0
				0
				0EXPENSESACCOUNTING
				0
				0
				0
				0
				2,760AUDIT
				0
				0
				0
				0
				0BANK FEES
				0
				0
				0
				0
				12CORPORATE SEAL
				0
				0
				0
				0
				0DUES AND SUBSCRIPTIONS
				0
				0
				0
				0
				164FRANCHISE TAX
				0
				0
				0
				0
				0INCORPORATION
				0
				0
				0
				0
				0POSTAGE
				0
				0
				0
				0
				2PRINTING AND REPRODUCTION
				0
				0
				0
				0
				3STOCK CERTIFICATE
				0
				0
				0
				0
				0TAX
				0
				0
				0
				0
				185TOTAL EXPENSES
				0
				0
				0
				0
				3,114NET INCOME
				0
				0
				0
				0
				(3,126)CUMULATIVE
					REVENUES SINCE INCEPTION
				
				
				
				
				0CUMULATIVE
					EXPENSES SINCE INCEPTION
				
				
				
				
				3,126 SEE
	ACCOMPANYING NOTES Page
	4 FALCONTARGET
	INC.A DEVELOPMENT STAGE COMPANYSTATEMENT OF CASH FLOWS
	(UNAUDITED)PERIODS ENDED DECEMBER 31, 2008 AND DECEMBER 31, 2007 Three
					months through12/31/2008
				Three
					months through12/31/2007
				Six
					months through12/31/2008
				Six
					months through12/31/2007
				From
					inception to 12/31/2008CASH FLOW FROM
					OPERATING ACTIVITIESNET INCOME
				0
				0
				0
				0
				(3,126)ACCOUNTS PAYABLE
				0
				0
				0
				0
				0NET CASH PROVIDED BY
					(USED IN) OPERATIONS
				0
				0
				0
				0
				(3,126)CASH FLOW FROM
					INVESTING ACTIVITIESUSED FOR
				0
				0
				0
				0
				0NET CASH USED IN
					INVESTING
				0
				0
				0
				0
				0CASH FLOWS USED IN
					FINANCING ACTIVITIESPROCEEDS FROM:SHAREHOLDER'S LOAN
				0
				0
				0
				0
				3,114COMMON STOCK
				0
				0
				0
				0
				100USED FOR:SHAREHOLDER'S LOAN
				0
				0
				0
				0
				0COMMON STOCK
				0
				0
				0
				0
				0NET CASH PROVIDED BY
					FINANCING
				0
				0
				0
				0
				3,214NET INCREASE
					(DECREASE) IN CASH
				0
				0
				0
				0
				88SUMMARYCASH BALANCE AT END OF
					PERIOD
				88
				88
				88
				88
				88CASH BALANCE AT BEGINNING
					OF PERIOD
				100
				100
				100
				100
				0NET INCREASE
					(DECREASE) IN CASH
				0
				0
				0
				0
				88CUMULATIVE
					INFLOWS OF CASH SINCE INCEPTION
				
				
				
				
				100CUMULATIVE
					OUTFLOWS OF CASH SINCE INCEPTION
				
				
				
				
				12 SEE ACCOMPANYING
	NOTES AND AUDITOR'S REPORT Page
	5 FalconTarget,
	Inc.(A Development Stage Company)Notes to Audited Financial
	Statements for the three months period ended December 31st, 2008 NOTE 1. Summary of significant Business
	and Accounting Policies a. Organization The Company started operating as a blank
	check company on May 28, 2004. On October 6, 2004, FalconTarget,
	Inc. (the “Company”) became a corporation by filing with
	the Delaware Secretary of State. The intent of the Company is to be
	a “blank check” company, or also referred to as a
	“shell” company. We shall be considered to be in the
	development stage because no business operations have commenced, and
	there has been no revenue. We believe that we will remain a
	development stage company until such time as significant revenues
	have been generated, which is not expected to happen until after we
	complete a Business Transaction. b. Cash As of the Date of the Audit, the Company
	has one bank account. c. Inventory As of the Date of the Audit, the Company
	has no Inventory. d. Property and Equipment As of the Date of the Audit, the Company
	has no Property and Equipment. e. Current Liabilities As of the Date of the Audit, the Company
	has no Current Liabilities. f. Long Term Liabilities The Company's Long Term Liability of
	Shareholder's Loan represents the money loaned by the Shareholders
	to the Company for the start-up costs of the corporation. This loan
	is non-interest bearing. g. Loss Per Share Loss per share amounts are based on the
	weighted average shares outstanding of 22,000,000 as of December 31,
	2008 and 22,000,000 as of December 31, 2007. h. Reclassification Reclassification of expenses and
	liabilities occurred at the data entry level due to the categories
	set up by the Shareholder's who submitted the information. It has no
	effect on the balance of any one total account. NOTE 2. Capitalization The Company has authorized the issuance
	of 100,000,000 shares of common stock having $0.000001 par value. Of
	those authorized, 22,000,000 have been issued and are outstanding. Page
	6 NOTE 3. Statement of Income As of the Date of the Audit, the Company
	has no Revenue or Cost of Sales. The expenses incurred as of the
	Date of the Audit are the start-up costs of the Company. NOTE 4. As of the Date of the Audit, the only
	activity affecting the Statement of Cash Flows were the start-up
	costs incurring the negative Net Income and the purchase of the
	Common Stock by the Shareholders giving the cash balance at the end
	of the period, as well as the ongoing costs of operating the blank
	check company. There are no payments for interest and income items. NOTE 6. Going Concern Due to the development stage of the
	Company and the substantial dependence on the success of a
	particular project, a “reverse merger”, the Company's
	chances for survival depend solely on the success of that “reverse
	merger”. NOTE 7. Management Plans and Intentions
	(Unaudited) As a “blank check” or “shell”
	company filing a Form 10-SB, the Company anticipates to engage in a
	reverse merger transaction with a private company, acquire assets or
	engage into other yet unspecified business or businesses. The term
	“reverse merger” refers to a transaction where a private
	company seeks public listing and becomes a publicly traded company. Item 2. Management’s Discussion and
			Analysis. We are a development-stage company with nominal
	assets only, and have had no operations since inception other than
	activities related to our formation and filing of registration
	statements. We have experienced operating losses since our inception
	and have not had any revenues. We anticipate to continue to incur expenses in
	connection with required filings with the SEC, including accounting
	and audit fees and franchise taxes. We rely on the support of our
	shareholders, Mr. Serge Atlan and Mr. Thomas Kirchner, to advance
	these expenses on our behalf. We do not plan to raise additional
	capital through the sale of equity securities. Our directors are seeking actively business
	transactions on our behalf. During the period covered by this
	report, we received no interest in a reverse merger with
	FalconTarget. We attribute this to the extraordinary market
	conditions, which have made going public unattractive at the current
	time. At the time of filing of this report, our management is not
	certain whether and when we will be able to consummate a business
	transaction. Our directors continue to search for alternative
	business transactions but believe that it is unlikely they will
	succeed in the near future. No specific opportunity has been
	identified for a Business Transaction, and our management currently
	has no forecast for when or whether such a transaction can be
	consummated. In the event that a Business Transaction is
	consummated, we expect to incur additional expenses related thereto.
	Our directors have no business opportunity available to us at this
	time, and will continue to seek suitable transactions. Results of Operations During the three months from September 30th, 2008,
	through December 31st, 2008, we have had no significant
	operations other than the filing of our quarterly report with the
	Securities Page 7 and Exchange Commission. As a result of these
	operations we incurred a cumulative net loss of $3,126 since
	inception. We are a “blank check” company, also
	often referred to as a “shell” company, whose purpose is
	to engage in a reverse merger transaction with a private company,
	acquire assets or engage into other yet unspecified business or
	businesses (a “Business Transaction”). Our business plan
	is to seek, investigate and, if such investigation warrants, acquire
	an interest in a business entity which desires to seek the perceived
	advantages of a corporation which has a class of securities
	registered under the Exchange Act. We will not restrict our search
	to any specific business, industry, or geographical location and we
	may participate in a business venture of virtually any kind or
	nature. Item 3. Quantitative and Qualitative
			Disclosures About Market Risk.
			Because of the development stage-nature of
			FalconTarget, it is impossible to provide a quantitative risk
			assessment for our business. Below are the general operating risks
			we face as a going concern entity. We Have Had Limited Operations to Date. Our primary
			focus has been preliminary steps toward negotiating a Business
			Transaction. We have not commenced commercial operations and have
			no revenues to date.
			We Need to Obtain Financing in Order to Continue our
			Operations. We have relied on our directors and shareholders
			to pay our expenses on our behalf. We do not have sufficient
			revenue or resources to pay our expenses ourselves. Our auditors
			have a “going concern” about our ability to operate
			without the support of our shareholders.
			Development Risks Generally. We are a developmental
			stage company. Securing financing and moving forward with a
			Business Transaction or other business plan involves greater risks
			and uncertainties than those associated with an established
			business. As such, there can be no assurance that we will
			successfully implement our business plan, commence commercial
			operations or, operate profitably.
			Industry Risks. The success of our business may be
			affected by matters beyond our control, including but not limited
			to changes in technology, competition, changing market and/or
			economic conditions, all of which can impact upon market
			acceptance. No assurance can be given that any perceived need for
			our services is correct or if correct, will result in revenues to
			offset our operating expenses.
			Risks Associated with Growth. Our development plans will
			require the implementation of operational and financial systems
			and will require additional management, operational, and financial
			resources. There can be no assurance that we will be able to
			manage our operations effectively. The failure to implement such
			systems and add such resources on a cost-effective basis could
			have a materially adverse effect on our results of operations and
			financial condition.
			Competition. We will face competition from companies
			with substantially greater resources that ours.
			Page 8
			No Dividends. We have
			never paid dividends. We intend for the foreseeable future to
			retain earnings, if any, for the future operation and expansion of
			our business and do not anticipate paying dividends for the
			foreseeable future.
			Absence of a Trading Market for our Common Stock. There
			are restrictions on transferability of our Common Stock. Shares of
			our Common Stock are not eligible for trading on any national or
			regional exchange, nor are they quoted on any over-the-counter
			market. As a result, an investment in our securities is highly
			illiquid. Unless the securities are registered with the Securities
			and Exchange Commission and any required state authorities, or an
			appropriate exemption from registration is available, you may be
			unable to liquidate or sell your Common Stock even though your
			personal financial situation may dictate such a liquidation or
			sale.
			Key Person Dependency. The success of our business is
			and will be materially dependent upon the continued services of
			our current management. The loss of any member of our management
			team will adversely impact our operations. We do not presently
			have any key man life insurance on any of such persons. Item 4. Controls and Procedures. Our management believes that given our small size
	and limited operations, our disclosure controls and procedures are
	adequate. We have no formal procedures in place for processing and
	assembling information to be disclosed in our periodic reports. Our
	system is designed so that information is retained by us and relayed
	to our accountants. Our directors believe that as of the end of the
	period being reported, our disclosure controls and procedures are
	effective to ensure that information required to be disclosed by us
	in the reports that we file or submit under the Exchange Act is
	recorded, processed, summarized and reported, within the required
	time periods. Further, we believe that, given the Company’s
	size and status as a blank check company with no operations, an
	extensive disclosure controls and procedures system is not
	necessary. At such time that a business transaction is consummated,
	our management will re-evaluate the disclosure controls and
	procedures. We ensure that information required to be disclosed
	in our Exchange Act reports is recorded, processed, summarized and
	reported within the time periods specified in the SEC’s rules
	and forms, and that such information is accumulated and communicated
	to our management including our Chief Executive Officer and Chief
	Financial Officer , as appropriate, to allow timely decisions
	regarding required disclosure based closely on the definition of
	“disclosure controls and procedures” in Rule 13a-14c. In
	designing and evaluating the disclosure controls and procedures,
	management recognized that any controls and procedures, no matter
	how well designed and operated, can provide only reasonable
	assurance of achieving the desired control objectives, and
	management necessarily was required to apply judgment in evaluating
	the cost-benefit relationship of possible controls and procedures. Page 9 During our evaluation as of June 30, 2008 three
			material weaknesses in our controls and procedures were
			identified. Management anticipates that these weaknesses will be
			corrected upon the consummation of a Business Transaction. We
			carried out an evaluation, under the supervision and with the
			participation of the our management, including our Chief Executive
			Officer and Chief Financial Officer, of the effectiveness of the
			design and operation of our disclosure controls and procedures as
			of the end of the period covered by this report. Based in the
			foregoing, our Chief Executive Officer and Chief Financial Officer
			concluded that our disclosure controls and procedures were
			effective.
			Item4T.
			Controls and Procedures. Changes in Internal Control over Financial Reporting There were no changes in our internal control over
	financial reporting during the fiscal quarter of this report that
	have materially affected, or are reasonably likely to materially
	affect, our internal control over financial reporting. PART II
		Item 1. Legal Proceedings. None. Item 1A. Risk Factors. None. Item 2. Changes in 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. Page 10 Item 6. Exhibits and Reports on Form 8-K. (a) Exhibit 31.1: Section 302 certification by
	Thomas Kirchner Exhibit 31.2: Section 302 certification by Serge
	Atlan Exhibit 32.1: Section 906 certification by Thomas
	Kirchner Exhibit 32.2: Section 906 certification by Serge
	Atlan (b) None. 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. FalconTarget Corporation By: /s/ SERGE ALTANSerge Atlan, ChairmanMay 20,
	2009 By: /s/ THOMAS KIRCHNERThomas Kirchner, CEO and
	Principal Financial OfficerMay 20, 2009 Page 11