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, 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
			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-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
						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 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. 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 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 through September 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. 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. Item 4T. 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