================================================================================



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934

                 For the quarterly period ended January 31, 2007
                                                ----------------

[ ] Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act
    of 1934

               For the transition period from            to
                                             ------------   --------------

                       Commission File Number           000-33391
                                                       ----------


                            HYBRID TECHNOLOGIES, INC.
         ---------------------------------------------------------------
        (Exact name of Small Business Issuer as specified in its charter)


          Nevada                                    88-0490890
----------------------------------       -----------------------------
(State or other jurisdiction of          (IRS Employer Identification No.)
 incorporation or organization)


5001 East Bonanza Road, Suite 138-145
Las Vegas, Nevada                                           89110
-----------------------------------------     -------------------------
(Address of principal executive offices)           (Postal or Zip Code)


Issuer's telephone number, including area code: 818-780-2403
                                                -------------

                      5001 East Bonanza Road, Suite 144-145
                             Las Vegas, Nevada 89110

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



State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date:  30,271,136 shares of $0.001 par value
common stock outstanding as of March 15, 2007.

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

                                       1

<page>

                            HYBRID TECHNOLOGIES, INC.

                                TABLE OF CONTENTS


                                                                        Page No.
     PART I.  FINANCIAL INFORMATION

     ITEM I - Unaudited Consolidated Financial
          Statements

         Consolidated Balance Sheets as of January 31,
         2007 (Unaudited) and July 31, 2006 (Audited)                         3


         Consolidated  Statements  of  Operations  for the Three and Six  Months
         Ended January 31, 2007 and 2006 and from inception (April 12, 2000)
         to January 31, 2007 (Unaudited)                                      4

         Consolidated Statement of Stockholders
         Equity (Deficit) (Unaudited)                                         5

         Consolidated  Statements of Cash Flows for the Six Months Ended January
         31, 2007 and 2006 and from inception (April 12, 2000)
         to January 31, 2007 (Unaudited)                                      6

         Notes to Consolidated Financial Statements                           7

     ITEM 2 - Management's Discussion and Analysis of                         9
         Financial Condition and Results of
         Operations.

     ITEM 3 - Controls and Procedures.                                       12


     PART II. OTHER INFORMATION

     ITEM 1 - Legal Proceedings                                              12

     ITEM 6 - Exhibits                                                       13



     EXHIBIT 31 - Certification pursuant to Section 302 of the Sarbanes-
     Oxley Act of 2002

     EXHIBIT 32 - Certification pursuant to Section 906 of the Sarbanes-
     Oxley Act of 2002

                                       2

<page>

HYBRID TECHNOLOGIES
 A Development Stage Company

 Consolidated Balance Sheets
<table>
<caption>
                                                                                             (unaudited)
                                                                                              January 31,         July 31,
  ASSETS                                                                                         2007               2006
---------------------------------------------------------------------------------------------------------------------------------

                                                                                  <c>                   <c>
Current assets:
 Cash                                                                                    $     79,154    $       519,181

        Accounts receivable                                                                    35,545             22,620
        Inventories                                                                           507,865            282,969
        Other current assets                                                                   58,130             61,799
                                                                                    ------------------ ------------------
                                 Total current
                                 assets                                                       680,694            886,569

Property and equipment, net                                                                 2,142,669          2,091,617


Other assets                                                                                1,546,076          1,534,766
                                                                                     ----------------- ------------------

                                                                                       $     4,369,439    $    4,512,952
                                                                                     ================== ==================


 LIABILITIES AND STOCKHOLDERS' DEFICIT
---------------------------------------------------------------------------------------------------------------------------------

Current liabilities:
        Cash overdraft                                                                            -                  -
        Current portion of long-term debt                                                      230,487           224,442
        Accounts payable and accrued expenses                                                  373,390           318,392
        Deferred revenues - customer deposits                                                   29,615            26,625
        Advances from related parties                                                        1,377,041            83,529
                                                                                      ----------------- ------------------
                                 Total current liabilities                                   2,010,533           652,988

Long-term debt                                                                                 879,060         1,025,293

Commitments and contingencies                                                                     -                  -

Minority interest                                                                                2,377             2,377

Stockholders' equity (deficit)
        Common stock, $.001 par value,  50,000,000  authorized 25,895,130 shares
            issued and outstanding at July 31, 2006
            30,265,854 shares issued and outstanding at January 31, 2007                        30,265            25,895
        Additional paid in capital                                                          44,260,640        37,598,410
        Deficit accumulated during the development stage                                   (42,813,436)      (34,792,011)
                                                                                       ----------------- ------------------
                                                                                             1,477,469         2,832,294
                                                                                       ----------------- ------------------

                                                                                       $     4,369,439    $    4,512,952
                                                                                       ================= ==================
</table>


See Notes to the Financial Statements

                                       3

<page>

HYBRID TECHNOLOGIES
 A Development Stage Company

 Consolidated Statements of Operations
<table>
<caption>
                              (UNAUDITED)          (UNAUDITED)         (UNAUDITED)          (UNAUDITED)
                             SIX MONTHS           SIX MONTHS          THREE MONTHS         THREE MONTHS       INCEPTION
                                ENDED                ENDED               ENDED                ENDED             THROUGH
                            January 31, 2007     January 31, 2006     January 31, 2007     January 31, 2006   January 31, 2007
-------------------------------------------------------------------------------------------------------------------------------

                           <c>                  <c>               <c>                   <c>                 <c>
Sales                       $    601,293         $    115,299     $        325,179       $     101,982      $          991,734
Cost of sales                    618,165              233,199              311,589             212,733               1,460,990
                            ---------------------------------------------------------------------------------------------------
        Gross Profit (loss)      (16,872)            (117,900)              13,590            (110,751)               (469,256)
                            ---------------------------------------------------------------------------------------------------

Costs and expenses:
      General and
      administrative           7,634,181            7,688,481            6,374,198           7,013,217              36,526,932
      Research and development   332,126              567,554               43,952             186,775               5,292,259
                            ---------------------------------------------------------------------------------------------------

                               7,966,307            8,256,035            6,418,150           7,199,992              41,819,191
                            ---------------------------------------------------------------------------------------------------

(loss from operations)        (7,983,179)          (8,373,935)          (6,404,560)         (7,310,743)            (42,288,447)

Other income (expense)

       Interest expense          (41,154)             (84,993)             (24,611)            (21,284)               (696,299)
       Interest income             1,232                    -                  914               1,232                  20,902

      Loss from subsidiaries           -                    -                    -                   -                        -
      Other income (expenses)      1,675                1,260                 (360)              1,138                 890,609
                            ---------------------------------------------------------------------------------------------------

      Net (loss) before
      discontinued operations
      and minority interest   (8,021,426)          (8,457,668)          (6,428,617)         (7,329,657)            (42,073,235)

      Loss from discontinued
      operations                      -                     -                    -                   -                (757,024)
                            ----------------------------------------------------------------------------------------------------

      Minority interest in net
      loss                            -                     -                    -                   -                  16,823
                            ----------------------------------------------------------------------------------------------------

Net loss                 $    (8,021,426)        $ (8,457,668)    $     (6,428,617)      $  (7,329,657)      $     (42,813,436)
                            ====================================================================================================

 Net (loss) per share before
discontinued operations  $         (0.30)        $     (1.06)     $          (0.23)      $       (0.90)

(Loss) per share from
discontinued operations  $            -                    -                     -                   -
                            ----------------------------------------------------------------------------
 Net (loss) per share, Basic
and Fully diluted        $         (0.30)        $     (1.06)     $          (0.23)      $       (0.90)
                            ============================================================================
Weighted number of shares     26,623,584            7,994,470           28,080,492            8,152,712
</table>

See Notes to Financial Statements

                                       4

<page>

HYBRID TECHNOLOGIES, INC.
 A Development Stage Company

 Consolidated Statement of Stockholder's Equity (Deficit)
     (Unaudited)
<table>
<caption>
                                                                            Accumulated      Deficit
                                                                           Additional        during the
                                                 Common stock               Paid-in         Development
                                           Shares          Amount           Capital            Stage            Total
                                       --------------- ---------------- ----------------- ----------------- ---------------

                                     <c>                <c>            <c>               <c>               <c>
Balance July 31, 2006                     25,895,130     $     25,895        37,598,410     $ (34,792,011)  $    2,832,294


Stock issuances
     Value of stock options issues              -               -                -                 -                 -
     Exercise of options                        -               -                -                 -                 -
     Stock issued for debt                      -               -                -                 -                 -
     Stock dividends                            -               -                -                 -                 -
Net (loss) for the period                       -               -                -             (1,592,808)      (1,592,808)
                                       --------------- ---------------- ----------------- ----------------- ---------------
Balance October 31, 2006                  25,895,130           25,895        37,598,410       (36,384,819)       1,239,486


Stock issuances
     Value of stock options issues                              -             5,459,600            -             5,459,600
     Exercise of options                     340,000              340         1,206,660            -             1,207,000
     Stock issued for debt                      -               -                -                 -                 -
     Stock dividends                       4,030,724            4,030            (4,030)           -                 -

Net (loss) for the period                       -               -                -             (6,428,617)      (6,428,617)
                                       --------------- ---------------- ----------------- ----------------- ---------------
Balance January 31, 2007                  30,265,854           30,265        44,260,640     $ (42,813,436)       1,477,469
                                       =============== ================ ================= ================= ===============
</table>



See Notes to Financial Statements

                                       5

<page>

HYBRID TECHNOLOGIES, INC.
 A Development Stage Company

 Consolidated Statements of Cash Flows
<table>
<caption>
                                                               (UNAUDITED)         (UNAUDITED)           Inception
                                                               SIX MONTHS          SIX MONTHS             through
                                                                  ENDED               ENDED             January 31,
                                                            January 31, 2007    January 31, 2006            2007
---------------------------------------------------------------------------------------------------------------------------

                                                           <c>                 <c>                  <c>
Cash provided (used in) Operating Activities:
Net (loss) for the period                                      $  (8,021,425)  $      (8,457,668)   $      (42,813,436)
Adjustments to reconcile net (loss) to cash

  Depreciation & Amortization                                         74,316               5,784               660,399

  Minority interest in loss                                                 -                 -                (16,823)
  Stock-based compensation                                         5,459,600           6,107,585            24,501,642

  (Increase) decrease in accounts receivable                         (12,925)                392               (35,545)
  (Increase) decrease in inventories                                (224,896)              6,673              (507,865)
  (Increase) decrease in prepaid expenses and other assets             3,669             (10,647)              (58,130)
  (Increase) decrease in other assets                                       -                  -               (50,000)
  Increase (decrease) in accounts payable and accrued
  expenses                                                            54,998             206,336               400,015
  Increase in deferred revenue                                         2,990                   -                 2,990
  Write off of mineral property                                             -                  -                 5,150
  Loss from discontinued operations                                         -                  -               757,024
                                                            --------------------------------------------------------------
               Cash (used in) operating activities
                                                                  (2,663,673)         (2,141,545)          (17,154,579)


Cash provided (used in) Investing Activities:
  Increase in other assets                                           (11,310)             (24,375)          (1,496,076)
  Increase in restricted cash                                              -                  -               (40,215)
  Purchase of mineral property                                             -                  -                (5,150)
  Purchase of property and equipment                                (125,368)             (38,976)           (998,248)
                                                            --------------------------------------------------------------
               Cash (used in) investing activities                  (136,678)             (63,351)         (2,539,689)


Cash provided (used in) by Financing Activities:

  Sale of minority interest in subsidiaries                                -                  -                19,200
  Proceeds from the exercise of stock options                      1,207,000            1,371,200          12,218,595
  Collection of stock receivable                                           -                  -                50,000
  Proceeds from the issuance of debt                                       -                  -             2,920,000
 Advances from related parties                                     3,742,261              719,183           9,137,715
  Payments of related party advances                              (2,448,749)                 -            (4,560,935)
  Payments of debt                                                  (140,188)                 -              (270,453)
  Proceeds from the issuance of common stock                               -                  -              259,300
                                                            -------------------------------------------------------------
               Cash provided by financing                          2,360,324            2,090,383         19,773,422
               activities

Net increase (decrease) in cash                                     (440,027)           (114,513)             79,154

Cash at beginning of period                                          519,181             166,215                   -
                                                            ------------------ -------------------- ---------------------
Cash at end of period                                          $      79,154    $         51,702      $       79,154
                                                            ================== ==================== =====================
</table>

See Notes to Financial Statements

                                       6

<page>

Note 1. Financial statement presentation

The  financial  statements  have been  prepared in  accordance  with  Securities
Exchange Commission  requirements for interim financial  statements.  Therefore,
they do not  include  all  information  and  footnotes  required  by  accounting
principles  generally  accepted  in the  United  States for  complete  financial
statements.  These financial  statements  should be read in conjunction with the
financial  statements and notes thereto contained in the Company's Annual Report
on Form  10-KSB for the year ended  July 31,  2006 as filed with the  Securities
Exchange Commission.

The results of operations  for the interim  periods shown in this report are not
necessarily  indicative  of results  to be  expected  for the full year.  In the
opinion of management, the information contained herein reflects all adjustments
necessary  to make the  results  of  operations  for the  interim  period a fair
statement of such  operations.  All such  adjustments are of a normal  recurring
nature.

Reclassifications
Certain   reclassifications  have  been  made  to  the  prior  year's  financial
statements   to   conform   with   the   current   year   presentation.    These
reclassifications  have had no impact on the net  equity or income  (loss)  from
operations.

Note 2. Going concern

The  Company's  financial  statements  are prepared  based on the going  concern
principle.  That principle anticipates the realization of assets and payments of
liabilities  through the ordinary course of business.  No adjustments  have been
made to reduce the value of any assets or record additional liabilities, if any,
if the Company  were to cease to exist.  The Company  has  incurred  significant
operating losses since inception. These operating losses have been funded by the
issuance  of  capital,  loans and  advances.  There are no  guarantees  that the
Company will continue to be able to raise the funds necessary. Additionally, the
lack of capital may limit the Company's ability to establish a viable business.

Note 3. Equity

During the three months ended January 31, 2007, 340,000 shares were issued under
the terms of options for $1,207,000. Additionally, during the three months ended
January 31, 2007, a fifteen percent stock dividend was issued.

                                       7

<page>

Item 2. Management's Discussion and Analysis or Plan of Operation

FORWARD LOOKING STATEMENTS

This quarterly report contains forward-looking statements that involve risks and
uncertainties. We use words such as anticipate, believe, plan, expect,
future,   intend  and  similar  expressions  to  identify  such  forward-looking
statements.  You should  not place too much  reliance  on these  forward-looking
statements.  Our  actual  results  are  likely to differ  materially  from those
anticipated in these forward-looking  statements for many reasons, including the
risks faced by us described in this section.

THREE MONTHS ENDED JANUARY 31, 2007 and 2006

We incurred a net loss of  $6,428,617  for the three  months  ended  January 31,
2007,  which  included  general  and  administrative  costs of  $6,374,198,  and
research and development expense of $43,952.

Our net loss for the  three-month  period  ended January 31, 2007  decreased
from  the  comparative  period  in  fiscal  2006  (from  $7,329,657  in  2006 to
$6,428,617  in 2007).  This was  primarily  due to a  decrease  in  general  and
administrative  expense from $7,m013,217 in the three-month period ended January
31, 2006, to $6,374,198  for the  comparable  period in 2007,  and a decrease in
research and  development  expense from  $186,775 in 2006 to $43,952 in 2007. We
also incurred interest expense of $24,611 related to loans payable,  as compared
with $21,284 for the comparable period in 2006.


SIX MONTHS ENDED JANUARY 31, 2007 and 2006

We incurred a net loss of $8,021,426  for the six months ended January 31, 2007,
which included general and administrative costs of $7,634,181,  and research and
development expense of $332,136.

Our net loss for the  six-month  period  ended January 31, 2007  decreased
from  the  comparative  period  in  fiscal  2006  (from  $8,457,668  in  2006 to
$8,021,426  in 2007).  This was  primarily  due to a  decrease  in  general  and
administrative expense from $7,688,481 in the six-month period ended January 31,
2006,  to  $7,634,181  for the  comparable  period in 2007,  and a  decrease  in
research and  development  expense from $567,554 in 2006 to $332,136 in 2007. We
also incurred interest expense of $41,154 related to loans payable,  as compared
with $84,993 for the comparable period in 2006.


PLAN OF OPERATION

During the period since inception on April 12, 2000 to January 31, 2007, we have
incurred operating losses aggregating  $42,288,447.  At January 31, 2007, we had
liabilities  of  $2,889,553,  a working  capital  deficiency of $1,329,839 and a
stockholders' deficit of $4,369,439.

The  continuation  of the  Company  as a going  concern  is  dependent  upon the
continued  financial  support  from our  shareholders,  our  ability  to  obtain
necessary  equity  financing  to  continue  operations,  and the  attainment  of
profitable operations.  Our auditors have expressed substantial doubt concerning
our ability to continue as a going concern.

As of January 31, 2007, we had $79,154 cash on hand.

Electric Vehicles

We have terminated the License Agreement with RV Systems.

We are converting  vehicles in our own facility in Mooresville,  North Carolina.
We have a team of highly  qualified  engineers who oversee  groups of electrical
and mechanical  staff. With the purchase of our new facility and the renovations
to the building we are able to work on many projects and vehicles  concurrently.
The 40,000 square foot facility has room for both  conversions  and storage with
the potential for future growth.

                                       8

<page>

Commercial Initiatives

On February 5, 2004 we announced the initiation of a lithium-ion
conversion  project with the United  States Navy. We have funded the initial 3kw
prototype for this project,  and the prototype has been  completed and delivered
to the Navy.


We have  completed  conversion  of the  world's  first all  lithium  yellow cab.
Following approval from the City of New York Taxi and Limousine Commission,  the
vehicle was  delivered in January  2007 and  subsequently  placed into  service.
Using the Daimler  Chrysler PT Cruiser model with Ballard Power Systems'  motor,
we have  produced  what is  considered  a  milestone  within the  industry;  the
all-lithium  Yellow  Cab  will  be  shown  this  Spring  at the  2007  New  York
International Auto Show.

Paratransit,  a company providing community  transportation  services located in
Sacramento,  California,  has purchased two of our lithium PT Cruiser  vehicles.
Both vehicles were converted and delivered the first week of February 2007.

We have signed a Space Act  agreement  with NASA and several  vehicles are being
tested by NASA at the Kennedy Space Center in Florida.

We have formed a wholly-owned subsidiary to act as exclusive distributor for our
vehicles employing our lithium battery powered propulsion systems.

Telecommunications Services

We offer  telecommunications  services to  business  and  residential  customers
utilizing   VoIP   technology.   The   strategic   initial   objective   of  our
telecommunications  operations is to develop a superior multilevel platform that
provides  highly  reliable  and  advanced   telecommunications   services.   Our
telecommunications operations are conducted through our subsidiary, Zingo, Inc.,
of which we own  approximately  69% of the outstanding  common stock. We plan to
focus  our  efforts  in many  parts of the  globe  where  the  area is  equipped
broadband access for Internet services. The VoIP system is developed to work via
the  Internet  thus  allowing  those  destinations  to have  access  to a highly
advanced  telephone  system.  The immediate  focus is Canada,  Central and Latin
America, Europe and developed countries in Asia.


5.2     Liquidity and Capital Resources

Since our incorporation, we have financed our operations almost exclusively
through the sale of our common shares to investors and borrowings.  We expect to
finance  operations  through the sale of equity in the foreseeable  future as we
receive  minimal  revenue  from our  current  business  operations.  There is no
guarantee that we will be successful in arranging financing on acceptable terms.

On February 24, 2004, we announced receipt of $1 million dollars of a $3 million
dollar  non-recourse  loan to be  collateralized by stock. On April 14, 2004, we
drew down an additional  $1,000,000 on this loan, and on April 22, 2004, we drew
down the final  $1,000,000 of the loan. The lender was Sterling  Capital,  Inc.,
and the loan was  collateralized  by 9,000,000 shares of restricted common stock
(split adjusted), which shares, together with shares issuable by reason of stock
splits and  dividends,  totaling  12,732,500  shares,  were  issued to  Sterling
Capital at the maturity of the loan,  since the recourse of Sterling  Capital in
the event of nonpayment of the loan at maturity was solely to the shares held in
escrow as collateral.

         We have raised equity capital through issuances of common stock and
debt.  During the six  months  ended January 31, 2007,  we received  proceeds of
$1,207,000  from the exercise of stock  options.  We also  received net advances
from related parties of $1,293,512.

                                       9

<page>

         At January 31, 2007, we had $79,154 cash on hand.  Our ability to raise
additional capital is affected by trends and uncertainties beyond our control.

         Our   current   operating   funds   are   less   than   necessary   for
commercialization of our planned products,  and therefore we will need to obtain
additional  financing in order to complete our business plan. We anticipate that
up to $2,000,000 of additional working capital will be required over the next 12
months for market  introduction of these products through joint venture partners
or otherwise.  We do not have sufficient cash on hand to meet these  anticipated
obligations.


         We do not currently have any  arrangements for financing and we may not
be able to find such financing if required. Obtaining additional financing would
be subject to a number of factors, including investor sentiment.  Market factors
may  make the  timing,  amount,  terms or  conditions  of  additional  financing
unavailable to us.

         Our auditors  are of the  opinion  that  our  continuation  as a going
concern is in doubt.  Our  continuation  as a going  concern is  dependent  upon
continued financial support from our shareholders and other related parties.

CRITICAL ACCOUNTING ISSUES

The Company's  discussion and analysis of its financial condition and results of
operations are based upon the Company's  financial  statements,  which have been
prepared in accordance  with  accounting  principles  generally  accepted in the
United States of America.  The preparation of the financial  statements requires
the Company to make estimates and judgments  that affect the reported  amount of
assets, liabilities,  and expenses, and related disclosures of contingent assets
and  liabilities.  On an on-going  basis,  the Company  evaluates its estimates,
including those related to intangible assets, income taxes and contingencies and
litigation.  The Company  bases its estimates on  historical  experience  and on
various  assumptions that are believed to be reasonable under the circumstances,
the results of which form the basis for making  judgments  about carrying values
of assets and  liabilities  that are not readily  apparent  from other  sources.
Actual results may differ from these estimates  under  different  assumptions or
conditions.

Other Matters

Accounting Pronouncements

In September 2006, the Financial Accounting Standards Board ("FASB") issued SFAS
No.  158,  "Employers'  Accounting  for Defined  Benefit  Pension and Other Post
Retirement  Plans," an amendment of FASB  Statements No. 87, 88, 106 and 132(R).
FASB 158 will require  employers  to  recognize  their  defined  benefit  plans'
overfunded or underfunded  status in their balance sheets,  require employers to
measure  plan  assets  and  plan  obligations  as of  the  balance  sheet  date,
immediately  recognize  any  remaining  transition  obligation  currently  being
deferred,  and recognize  actuarial gains and losses through other comprehensive
income.  The statement is effective  for fiscal years ending after  December 15,
2006.  The Company is evaluating  SFAS No. 158 and has not determined the impact
it will have on its  consolidated  financial  statements  as of and for the year
ending July 31, 2007.

In  September  2006,  the FASB issued SFAS No. 157,  "Fair Value  Measurements,"
which enhances existing guidance for measuring assets and liabilities using fair
value. The new Statement  provides a single  definition of fair value,  together
with a framework for measuring it, and requires additional  disclosure about the
use of fair  value  to  measure  assets  and  liabilities.  SFAS  No.  157  also
emphasizes that fair value is a market-based measurement, not an entity-specific
measurement, and sets out a fair value hierarchy with the highest priority being
quoted prices in active markets. Under SFAS No. 157, fair value measurements are
disclosed  by level within that  hierarchy.  While SFAS No. 157 does not add any
new fair value  measurements,  it does change current practice.  SFAS No. 157 is
effective  for  financial  statements  issued for fiscal years  beginning  after
November 15, 2007, and interim  periods  within those fiscal years.  The Company
does not believe that SFAS No. 157 will have a material  impact on its financial
statements.

                                       10

<page>

In  July  2006,  the  Financial   Accounting  Standards  Board  ("FASB")  issued
Interpretation  No. 48 "Accounting  for Uncertainty in Income Taxes" ("FIN 48").
The  interpretation  requires a two step approach for  recognizing and measuring
tax benefits based on a recognition  threshold of "more likely than not." FIN 48
also  requires  explicit   disclosures  about  uncertainties  in  tax  positions
including  a  detailed  rollforward  of tax  benefits  that do not  qualify  for
financial statement recognition.  The adoption of FIN 48 is effective for fiscal
years beginning after December 15, 2006, The implementation of FIN 48 could have
a material effect on the  consolidated  balance sheets and results of operations
but the effect of such implementation is not determinable at this time.

In December 2004 the FASB issued SFAS No. 153, an amendment of APB Opinion No.
29, "Exchange of Nonmonetary Assets." SFAS No. 153 amends APB Opinion No.29 by
eliminating the exception under APB No. 29 for nonmonetary assets of similar
productive assets and replaces it with a general exception for exchanges on
nonmonetary assets that do not have commercial substance. A nonmonetary exchange
has commercial substance if the future cash flows of the entity are expected to
change significantly as a result of the exchange. SFAS no. 153 is effective for
fiscal years beginning after June 15, 2005. The adoption of SFAS No. 153 did not
have a material effect on the Company's consolidated financial position or
results of operations.

In December 2004, the FASB issued SFAS No. 123(R),  "Share-Based  Payment," that
required  compensation costs related to share-based  payment  transactions to be
recognized in the financial statements.  With limited exceptions,  the amount of
compensation  cost will be measured  based on the  grant-date  fair value of the
equity or liability  instruments  issued. In addition,  liability awards will be
re-measured each reporting period. Compensation cost will be recognized over the
period that an employee provides service in exchange for the reward. SFAS No.
123(R) is effective as to the Company as of the beginning of the Company's  2006
fiscal year. The Company accounted for the stock-based  compensation costs using
the modified  prospective  method at the time of adoption.  The adoption of SFAS
123(R)  did have a  material  effect on the  consolidated  balance  sheets as of
January  31,  2007 and the  consolidated  statements  of cash  flows for the six
months ended January 31, 2007.


INTANGIBLES

In June 2001,  the FASB  issued  SFAS No. 142,  "Goodwill  and Other  Intangible
Assets."  SFAS No. 142  specifies  the  financial  accounting  and reporting for
acquired  goodwill and other intangible  assets.  Goodwill and intangible assets
that have  indefinite  useful lives are not amortized but rather they are tested
at least  annually for  impairment  unless certain  impairment  indications  are
identified.

Quantitative and Qualitative Disclosures About Market Risk

Fair Value of Financial  Instruments - The following disclosure of the estimated
fair value of financial  instruments is made in accordance with the requirements
of SFAS No. 107,  "Disclosures  about Fair Value of Financial  Instruments." The
estimated  fair values of  financial  instruments  have been  determined  by the
Company  using  available   market   information   and   appropriate   valuation
methodologies.

However,  considerable  judgment  is  required  in  interpreting  market data to
develop the estimates of fair value. Accordingly, the estimates presented herein
are not necessarily  indicative of the amounts that the Company could realize in
a current market exchange.

The Company has not entered into,  and does not expect to enter into,  financial
instruments  for trading or hedging  purposes.  The Company  does not  currently
anticipate entering into interest rate swaps and/or similar instruments.

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The  Company's  carrying  values  of  cash,  marketable   securities,   accounts
receivable, accounts payable and accrued expenses are a reasonable approximation
of their fair value.


Item 3. Controls and Procedures.

As of the end of the fiscal  quarter  covered by this Form  10-QSB,  the Company
carried out an evaluation,  under the supervision and with the  participation of
the Company's  management,  including the Company's Chief Executive  Officer and
Principal  Financial and Accounting  Officer, of the effectiveness of the design
and operation of the Company's  disclosure controls and procedures as defined in
Rule 13a-14 of the Securities  Exchange Act of 1934. Based upon that evaluation,
the Chief  Executive  Officer and  Principal  Financial and  Accounting  Officer
concluded that the Company's disclosure controls and procedures are effective in
timely alerting her to material  information  relating to the Company (including
its consolidated  subsidiaries) required to be included in this Quarterly Report
on Form 10-QSB. There have been no changes in the Company's internal controls or
in other factors which could  significantly  affect internal controls subsequent
to the date the Company carried out its evaluation.


PART II- OTHER INFORMATION

Item 1. Legal Proceedings.

     Other than as described below, we are not a party to any material legal
proceedings  and to  our  knowledge,  no  such  proceedings  are  threatened  or
contemplated.  At  this  time we have no  bankruptcy,  receivership  or  similar
proceedings pending.

Securities and Exchange Commission Inquiry and Investigation

         On July 30, 2004, we received a request for voluntary production of
documents  and  information  pursuant to a Securities  and  Exchange  Commission
informal  inquiry.  The documents  requested  include those related to our stock
issuances, major corporate transactions, including the Azra shopping center, the
Queens mineral property and the licensing agreements with RV Systems, agreements
with  consultants  and related  parties,  as well as those relating to potential
joint venture partners and customers. We fully cooperated with the Commission in
response to its request for information.

         On February  10,  2006,  we  received  another  request  for  voluntary
production of documents and  information  pursuant to a Securities  and Exchange
Commission  ("SEC")  informal  inquiry,  and on April 24,  2006,  we  received a
subpoena  from the SEC  issued  in an  investigation  initiated  by the SEC with
respect  to the  matters  covered  by the  inquiry  and a broad  range  of other
matters.  Our President  voluntarily  testified and all requested documents were
submitted.

Litigation against Lithium House, RV Systems, Chaz Haba and Related Parties

         On July 2, 2005, we notified RV Systems that it was in material default
under the License  Agreement.  Filing suit  October 25, 2005 against RV Systems,
and related parties,  in the California  Superior Court, we sought rescission of
the License Agreement,  recovery of amounts paid to RV Systems,  Inc., immediate
possession  of certain  prototype  vehicles and  inventory,  including the solar
house.  In  settlement  of the  lawsuit  and to  mutually  release  the  parties
involved,  on June 23,  2006,  the  parties  agreed to settle all matters and to
terminate the licensing agreement.  We have recovered our prototype vehicles and
are incurring no additional  expense by reason of this litigation or the license
agreement.

Depository Trust Company Suit

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         On  November  23,  2004,  the Company  filed a Complaint  in the Eighth
Judicial District Court, County of Clark, State of Nevada, sitting in Las Vegas,
Nevada, styled "Whistler  Investments,  Inc., et al. v. The Depository Trust and
Clearing  Corporation,  et al.",  Case No. A495703.  The defendants  include The
Depository Trust Company and the National Securities Clearing  Corporation.  The
action  alleges  22  state  law  claims,  including  intentional  and  negligent
misrepresentation,  fraud, racketeering,  negligence,  conversion,  interference
with contractual  relations and prospective  economic advantages and conspiracy.
The motion to dismiss  filed by DTC was granted by the US District  Court in Las
Vegas,  and the case has been appealed to the 9th Circuit.  Briefing is still in
progress. A decision is expected in 18-20 months.

Stones Choppers

On October 12, 2005,  the Company  filed a Complaint  in the Los Angeles  County
Superior  Court against Tony Stone,  individually  and doing business as Stone's
Choppers.  The action seeks  rescission of an agreement  between The Company and
defendants for the design/build of a prototype motorcycle. The Company seeks the
return of its $25,000 deposit payment and punitive damages for fraud. Defendants
have filed a cross-complaint against us for breach of contract and breach of the
covenant of good faith and fair dealing  seeking  general  damages "in excess of
$10,000" as well as unknown  special and  punitive  damages.  We have denied all
claims by Stone and have asked the Court to dismiss such claims.


Item 6. Exhibits


Ex 31   Certification of Chief Executive Officer and Principal Financial Officer
        Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, filed
        herewith.


Ex 32   Certification of Chief Executive Officer and Principal Financial Officer
        Pursuant to 18 U.S.C. Section 1350, as  Adopted   Pursuant   to  Section
        906  of the Sarbanes-Oxley Act of 2002,filed herewith.



                                   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.

Hybrid Technologies, Inc.

/s/Holly Roseberry
--------------------------
Holly Roseberry
President and Director
(Chief Executive Officer and
Principal Financial Officer)
Dated: March 16, 2007


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