UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



FORM
10-Q



(Mark
One)

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

For
the quarterly period ended December 31, 2007

[
]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	3 Item 1. Financial
	Statements.	3 Item 2.
	Management’s Discussion and Analysis.	8 Item 3.
	Quantitative and Qualitative Disclosures About Market Risk.	9 Item 4. Controls
	and Procedures.	9 Item 4T. Controls
	and Procedures.	10 PART II	10 Item 1.  Legal
	Proceedings.	10 Item 1A.  Risk
	Factors.	10 Item 2.  Changes
	in Securities and Use of Proceeds.	10 Item 3.  Defaults
	Upon Senior Securities.	10 Item 4.
	Submission of Matters to a Vote of Security Holders.	10 Item 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-QSB contains certain
	forward-looking statements.  For this purpose any statements
	contained in this Form 10-QSB 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 SHEETSEPTEMBER 30, 2008 AND JUNE 30, 2008 ASSETS CURRENT ASSETS:
				September 30, 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
					CURRENTLIABILITIES
				0
				0LONG-TERM DEBT, NET OF
					CURRENT PORTION:LOAN
					FROM SHAREHOLDERS
				3,114
				3,114TOTALLONG-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 MARCH 31, 2008 AND MARCH 31, 2007 REVENUE
			Three
				months through9/30/2008
			Three
				months through9/30/2007
			From inception to
				9/30/2008INCOME
			0
			0
			0TOTAL
				REVENUE
			0
			0
			0COST
				OF SALES
			0
			0
			0TOTAL
				COST OF SALES
			0
			0
			0GROSS
				PROFIT
			0
			0
			0EXPENSESACCOUNTING
			0
			0
			2,760AUDIT
			0
			0
			0BANK
				FEES
			0
			0
			12CORPORATE
				SEAL
			0
			0
			0DUES
				AND SUBSCRIPTIONS
			0
			0
			164FRANCHISE
				TAX
			0
			0
			0INCORPORATION
			0
			0
			0POSTAGE
			0
			0
			2PRINTING
				AND REPRODUCTION
			0
			0
			3STOCK
				CERTIFICATE
			0
			0
			0TAX
			0
			0
			185TOTAL
				EXPENSES
			0
			0
			3,114NET
				INCOME
			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, 2007 AND DECEMBER 31, 2006 Three
				months through3/31/2008
			Three
				months through3/31/2007
			From inception to
				3/31/2008CASH
				FLOW FROM OPERATING ACTIVITIESNET
				INCOME
			0
			0
			(3,126)ACCOUNTS
				PAYABLE
			0
			0
			0NET
				CASH PROVIDED BY (USED IN) OPERATIONS
			0
			0
			(3,126)CASH
				FLOW FROM INVESTING ACTIVITIESUSED
				FOR
			0
			0
			0NET
				CASH USED IN INVESTING
			0
			0
			0CASH
				FLOWS USED IN FINANCING ACTIVITIESPROCEEDS
				FROM:SHAREHOLDER'S
				LOAN
			0
			0
			3,114COMMON
				STOCK
			0
			0
			100USED
				FOR:SHAREHOLDER'S
				LOAN
			0
			0
			0COMMON
				STOCK
			0
			0
			0NET
				CASH PROVIDED BY FINANCING
			0
			0
			3,214NET
				INCREASE (DECREASE) IN CASH
			0
			0
			88SUMMARYCASH
				BALANCE AT END OF PERIOD
			88
			88
			88CASH
				BALANCE AT BEGINNING OF PERIOD
			100
			100
			0NET
				INCREASE (DECREASE) IN CASH
			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 September 30th, 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. Inventory As of the Date of the
	Audit, the Company has no Inventory. 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 September 30, 2008 and 22,000,000 as of September 30, 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, discussions were held with one party that expressed an
	interest in a reverse merger with FalconTarget.  At the time of
	filing of this report, our management is not certain whether these
	discussions will lead to a business transaction or whether the
	private company concerned will proceed with another transactions.
	Our directors continue to search for alternative business
	transactions. 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 June 30th,
	2008 throughSeptember
	30th,
	2008, we have had no significant operations other than the filing of
	our quarterly report with the Securities and Page 7 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.Our management believes that
			given our small size and limited operations, our disclosure
			controls and procedures are adequate and effective. 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.Item 4. Controls and
			Procedures. We maintain disclosure controls and
	procedures that are designed to 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. 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. Page 8 Item
			4T. Controls and Procedures. There have been no changes to the
	Registrant’s disclosure controls and procedures, as reported
	from the previous quarter, on the most recent 10-KSB, dated June 30,
	2008. 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. 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, Chairman
	       April 23, 2009 By:/s/
	THOMAS KIRCHNERThomas Kirchner, CEO and Principal
	Financial Officer                          April 23, 2009 Page
	9