UNITED
STATESSECURITIES AND EXCHANGE COMMISSIONWashington, 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 March 31, 2009

[
]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
April 30, 2009: 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 InformationItem 1. Financial
					Statements.
				3Item 2.
					Management’s Discussion and Analysis.
				7Item 3.
					Quantitative and Qualitative Disclosures About Market Risk.
				8Item 4. Controls
					and Procedures.
				9PART IIItem 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 SHEETMarch 31, 2009 AND JUNE 30, 2008 ASSETS CURRENT ASSETS:
				March 31, 2009
					(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 DEVELOPMENTSTAGE
				(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, 2009 AND MARCH 31, 2008 REVENUE
			Three
				months through3/31/2009
			Three
				months through3/31/2008
			Six
				months through3/31/2009
			Six
				months through3/31/2008
			From
				inception to 3/31/2009INCOME
			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 MARCH 31, 2009 AND MARCH 31, 2008 Three
				months through3/31/2009
			Three
				months through3/31/2008
			Six
				months through3/31/2009
			Six
				months through3/31/2008
			From inception to
				3/31/2009CASH
				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 March 31st, 2009 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 March 31, 2009 and 22,000,000 as of March 31, 2008. 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
	December 31st, 2008 through March 31st, 2009,
	we have had no Page 7 significant operations other than
	the filing of our quarterly report with the Securities 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 8No
			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 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. 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. 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 9 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-Q/A, for the period
	ended December 31, 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, ChairmanMay 15, 2009 By: /s/ THOMAS KIRCHNERThomas
	Kirchner, CEO and Principal Financial OfficerMay 15, 2009 Page
	10