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 April 30, 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: 39,272,128 shares of $0.001 par value
common stock outstanding as of June 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 April 30,
         2007 (Unaudited) and July 31, 2006 (Audited)                    3

         Consolidated Statements of Operations
         for the Three and Nine Months Ended April 30,
         2007 and 2006 and from inception (April 12, 2000)
         to April 30, 2007 (Unaudited)                                   4

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

         Consolidated Statements of Cash Flows
         for the Nine Months Ended April 30,
         2007 and 2006 and from inception (April 12, 2000)
         to April 30, 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                                        13

PART II. OTHER INFORMATION

ITEM 1 - Legal Proceedings                                              13

ITEM 2 - Unregistered Sales of Equity Securities and Use of Proceeds    14

ITEM 6 - Exhibits                                                       14

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, INC.
A Development Stage Company

Consolidated Balance Sheets

<TABLE>
<CAPTION>
                                                                         (unaudited)
                                                                          April 30,         July 31,
  ASSETS                                                                    2007              2006
------------------------------------------------------------------------------------------------------
<S>                                                                     <C>               <C>
Current assets:
     Cash                                                               $         --      $    519,181
     Accounts receivable                                                      14,804            22,620
     Inventories                                                             361,848           282,969
     Other current assets                                                     69,573            61,799
                                                                        ------------------------------
                 Total current assets                                        446,225           886,569

Property and equipment, net                                                2,135,879         2,091,617

Other assets                                                                  92,486         1,534,766
                                                                        ------------------------------

                                                                        $  2,674,590      $  4,512,952
                                                                        ==============================

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

Current liabilities:
     Cash overdraft                                                     $     67,717      $         --
     Current portion of long-term debt                                       236,695           224,442
     Accounts payable and accrued expenses                                   507,253           318,392
     Deferred revenues - customer deposits                                     2,990            26,625
     Advances from related parties                                           588,412            83,529
                                                                        ------------------------------
                 Total current liabilities                                 1,403,067           652,988

Long-term debt                                                               865,439         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
         35,355,075 shares issued and outstanding at April 30, 2007           35,354            25,895
     Additional paid in capital                                           47,920,550        37,598,410
     Deficit accumulated during the development stage                    (47,552,693)      (34,792,011)
     Accumulated other comprehensive income                                      496                --
                                                                        ------------------------------
                                                                             403,707         2,832,294
                                                                        ------------------------------

                                                                        $  2,674,590      $  4,512,952
                                                                        ==============================
</TABLE>

See Notes to the Financial Statements


                                       3
<PAGE>

HYBRID TECHNOLOGIES, INC.
A Development Stage Company

Consolidated Statements of Operations

<TABLE>
<CAPTION>
                                                  (UNAUDITED)      (UNAUDITED)      (UNAUDITED)     (UNAUDITED)
                                                  NINE MONTHS      NINE MONTHS     THREE MONTHS     THREE MONTHS        INCEPTION
                                                     ENDED            ENDED            ENDED            ENDED           THROUGH
                                                April 30, 2007   April 30, 2006   April 30, 2007   April 30, 2006   April 30, 2007
----------------------------------------------------------------------------------------------------------------------------------
<S>                                              <C>              <C>              <C>              <C>              <C>
Sales                                            $    985,316     $    214,704     $    384,023     $     99,405     $  1,375,757
Cost of sales                                       1,014,609          450,367          396,444          217,168        1,857,434
                                                 --------------------------------------------------------------------------------
    Gross Profit (loss)                               (29,293)        (235,663)         (12,421)        (117,763)        (481,677)
                                                 --------------------------------------------------------------------------------

Costs and expenses:
    General and administrative                     11,563,252        8,605,607        3,929,071          917,126       40,456,003
    Research and development                          793,226        1,409,052          461,100          841,498        5,753,359
                                                 --------------------------------------------------------------------------------
                                                   12,356,478       10,014,659        4,390,171        1,758,624       46,209,362
                                                 --------------------------------------------------------------------------------

                  (loss from operations)          (12,385,771)     (10,250,322)      (4,402,592)      (1,876,387)     (46,691,039)

Other income (expense)
    Interest expense                                  (63,901)        (193,660)         (22,747)        (108,667)        (719,046)
    Interest income                                     1,537               --              305               --           21,207
    Loss from subsidiaries                                 --               --               --               --               --
    Loss from sale of other assets                   (314,381)              --         (314,381)              --         (314,381)
    Other income (expenses)                             1,834           17,283              160           16,023          890,767
                                                 --------------------------------------------------------------------------------

    Net (loss) before discontinued operations
    and minority interest                         (12,760,682)     (10,426,699)      (4,739,255)      (1,969,031)     (46,812,492)

    Loss from discontinued operations                      --               --               --               --         (757,024)
                                                 --------------------------------------------------------------------------------
                                                  (12,760,682)     (10,426,699)      (4,739,255)      (1,969,031)     (47,569,516)

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

Net loss                                          (12,760,682)     (10,426,699)      (4,739,255)      (1,969,031)     (47,552,693)

Other comprehensive income
  Foreign currency translation                            496               --              496               --               --
                                                 --------------------------------------------------------------------------------

Net comprehensive (loss)                         $(12,760,186)    $(10,426,699)    $ (4,738,759)    $ (1,969,031)    $(47,552,693)
                                                 ================================================================================

                                                 ----------------------------------------------------------------
 Net (loss) per share basic and fully diluted    $      (0.47)    $      (1.17)    $      (0.15)    $      (0.19)
                                                 ================================================================

Weighted number of shares                          27,268,268        8,874,000       31,792,620       10,160,200
</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>
                                                                                                         Deficit
                                                                                                       Accumulated
                                                                                        Additional      during the
                                         Comprehensive           Common stock            Paid-in       Development
                                             Income          Shares        Amount        Capital           Stage           Total
                                         ------------------------------------------------------------------------------------------
<S>                                       <C>              <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 issued                  --             --             --             --              --              --
     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 issued                  --             --             --      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

Stock issuances
     Value of stock options issued                  --             --             --             --              --              --
     Exercise of options                            --        300,000            300      1,064,700              --       1,065,000
     Value of stock issued for services      3,100,000          3,100      2,596,900      2,600,000
     Stock issued for debt                          --             --             --             --              --              --
     Stock dividends                                --      1,689,221          1,689         (1,689)             --              --
Net (loss) for the period                           --             --             --             --      (4,739,255)     (4,739,255)

Foreign currency transactions                      496             --             --             --              --             496

                                         ------------------------------------------------------------------------------------------
Balance April 30, 2007                    $        496     35,355,075   $     35,354   $ 47,920,551    $(47,552,691)   $    403,710
                                         ==========================================================================================
</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
                                                                      NINE MONTHS         NINE MONTHS           through
                                                                         ENDED               ENDED             April 30,
                                                                    April 30, 2007      April 30, 2006            2007
-------------------------------------------------------------------------------------------------------------------------
<S>                                                                  <C>                 <C>                 <C>
Cash provided (used in) Operating Activities:
Net (loss) for the period                                            $(12,760,682)       $(10,426,699)       $(47,552,693)
Adjustments to reconcile net (loss) to cash
  Depreciation & Amortization                                             111,504              16,100             697,587
  Gain/loss of sale of other assets                                       314,381                                 314,381
  Minority interest in loss                                                    --                  --             (16,823)
  Stock-based compensation                                              8,059,600           6,107,585          27,101,642
  (Increase) decrease in accounts receivable                                7,816               4,038             (14,804)
  (Increase) decrease in inventories                                      (78,879)            (31,942)           (361,848)
  (Increase) decrease in prepaid expenses and other assets                 (7,774)            (94,046)            (69,573)
  (Increase) decrease in other assets                                          --              26,265             (50,000)
  Increase (decrease) in accounts payable and accrued expenses            162,236            (337,637)            507,253
  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                        (4,188,808)         (4,736,336)        (18,679,714)

Cash provided (used in) Investing Activities:
  (Increase) decrease in other assets                                      (5,473)              2,343          (1,490,239)
  Proceeds from sale of other assets                                    1,133,372                               1,133,372
  Increase in restricted cash                                                  --                  --             (40,215)
  Purchase of mineral property                                                 --                  --              (5,150)
  Purchase of property and equipment                                     (155,766)         (1,972,759)         (1,028,646)
                                                                     ----------------------------------------------------
            Cash (used in) investing activities                           972,133          (1,970,416)         (1,430,878)

Cash provided (used in) by Financing Activities:
  Sale of minority interest in subsidiaries                                    --                  --              19,200
  Proceeds from the exercise of stock options                           2,271,999           9,391,700          13,283,594
  Collection of stock receivable                                               --                  --              50,000
  Proceeds from the issuance of debt                                           --           1,300,000           2,920,000
 Advances from related parties                                          4,424,678                  --           9,820,132
  Payments of related party advances                                   (3,919,795)                 --          (6,031,981)
  Payments of debt                                                       (147,601)            (80,000)           (277,866)
  Proceeds from the issuance of common stock                                   --                  --             259,300
                                                                     ----------------------------------------------------
            Cash provided by financing activities                       2,629,281          10,611,700          20,042,379

Effect of exhange rate changes on cash and cash equivalents                   496                  --                 496
                                                                     ----------------------------------------------------

Net increase (decrease) in cash                                          (586,898)          3,904,948             (67,717)

Cash at beginning of period                                               519,181             166,215                  --
                                                                     ----------------------------------------------------

Cash at end of period                                                $    (67,717)       $  4,071,163        $    (67,717)
                                                                     ====================================================
</TABLE>

See Notes to Financial Statements


                                       6
<PAGE>

HYBRID TECHNOLOGIES, INC.
A Development Stage Company
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


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.

Reclassification

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. Inventories

Inventories consist of the following:

                                                   (unaudited)
                                                    April 30,     July 31,
                                                      2007          2006
                                                    ----------------------

      Raw materials and work in progress            $347,247      $234,785
      Finished goods                                  14,601        48,184
                                                    ----------------------
                                                    $347,247      $282,969
                                                    ======================

Note 3. Equity

During the three months ended April 30, 2007, 300,000 shares were issued under
the terms of options for $1,207,000 and 3,100,000 shares of restricted stock
were issued for services valued at $2,600,000. Additionally, during the three
months ended April 30, 2007, a five percent stock dividend was issued.

Subsequent to April 30, 2007, the Company declared and issued a 10% stock
dividend.


                                       7
<PAGE>

HYBRID TECHNOLOGIES, INC.
A Development Stage Company
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


Note 4. Related Party Transactions

During the quarter ended April 30, 2007, the Company sold its interest in
residential real property resulting in a combined loss of approximately $315,000
and received proceeds of approximately $1,136,000. Included in these
transactions were related party losses and proceeds from related parties of
approximately $(502,000) and $639,000, respectively.

Note 5. Segment information

FASB Statement No. 131, Disclosures about Segments of an Enterprise and Related
Information, establishes standards for reporting information about operating
segments. Operating segments are defined as components of an enterprise about
which separate financial information is available that is evaluated regularly by
management. We are organized by line of business. The Company has two
businesses, telecommunication services and the development and sale of electric
powered vehicles.

The following is financial information relating to the Company's business
segments:

<TABLE>
<CAPTION>
                                        (UNAUDITED)         (UNAUDITED)         (UNAUDITED)         (UNAUDITED)
                                        NINE MONTHS         NINE MONTHS        THREE MONTHS        THREE MONTHS
                                           ENDED               ENDED               ENDED               ENDED
                                      April 30, 2007      April 30, 2006      April 30, 2007      April 30, 2006
                                      --------------------------------------------------------------------------
<S>                                    <C>                 <C>                 <C>                 <C>
Revenues from external customers
 Telecommunication services            $    936,566        $    214,704        $    335,273        $     99,405
 Electric powered vehicle sales              48,750                  --              48,750                  --
                                      --------------------------------------------------------------------------
   Total revenues                      $    985,316        $    214,704        $    384,023        $     99,405
                                      ==========================================================================

Gross profit from operations
 Telecommunication services            $     46,258        $   (235,663)       $     63,130        $   (117,763)
 Electric powered vehicle sales             (75,551)                 --             (75,551)                 --
                                      --------------------------------------------------------------------------
   Total gross profit                  $    (29,293)       $   (235,663)       $    (12,421)       $   (117,763)
                                      ==========================================================================

Net loss
 Telecommunication services            $ (1,239,389)       $ (1,079,971)       $     (1,264)       $   (503,918)
 Electric powered vehicle sales         (11,521,293)         (9,346,728)        (15,450,591)         (1,465,113)
                                      --------------------------------------------------------------------------
   Total net loss                      $(12,760,682)       $(10,426,699)       $(15,451,855)       $ (1,969,031)
                                      ==========================================================================

Identifiable assets :
 Telecommunication services            $    229,489        $     58,691
 Electric powered vehicle sales           2,377,384           1,942,119
 Corporate general                               --                  --
                                      ----------------------------------
   Total assets                        $  2,606,873        $  2,000,810
                                      ==================================
</TABLE>


                                       8
<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 APRIL 30, 2007 and 2006

We incurred a net loss of $4,739,255 for the three months ended April 30, 2007,
which included general and administrative costs of $3,929,071, and research and
development expense of $461,100.

Our net loss for the three-month period ended April 30, 2007 increased from the
comparative period in fiscal 2006 (from $1,969,031 in 2006 to $4,739,255 in
2007). This was primarily due to an increase in general and administrative
expense from $917,126 in the three-month period ended April 30, 2006, to
$3,929,071 for the comparable period in 2007, and a decrease in research and
development expense from $841,498 in 2006 to $461,100 2007. We also incurred
interest expense of $22,747 related to loans payable, as compared with $108,667
for the comparable period in 2006. We incurred a net loss on the sales of
residential properties in California and Canada of $314,381.

NINE MONTHS ENDED APRIL 30, 2007 and 2006

We incurred a net loss of $12,760,682 for the nine months ended April 30, 2007,
which included general and administrative costs of $11,563,252, and research and
development expense of $793,226.

Our net loss for the nine-month period ended April 30, 2007 increased from the
comparative period in fiscal 2006 (from $10,426,699 in 2006 to $12,760,682 in
2007). This was primarily due to an increase in general and administrative
expense from $8,605,607 in the nine-month period ended April 30, 2006, to
$11,563,252 for the comparable period in 2007, and a decrease in research and
development expense from $1,409,052 in 2006 to $793,226 in 2007. We also
incurred interest expense of $63,901 related to loans payable, as compared with
$193,660 for the comparable period in 2006. We incurred a net loss on the sales
of residential properties in California and Canada of $314,381.

PLAN OF OPERATION

During the period since inception on April 12, 2000 to April 30, 2007, we have
incurred operating losses aggregating $46,691,039. At April 30, 2007, we had
liabilities of $2,268,506, a working capital deficiency of $956,842 and a
stockholders' deficit of $47,552,693.

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.

Electric Vehicles

We have terminated the License Agreement with RV Systems.


                                       9
<PAGE>

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.

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 was 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.


                                       10
<PAGE>

      We have raised equity capital through issuances of common stock and debt.
During the nine months ended April 30, 2007, we received proceeds of $2,271,999
from the exercise of stock options, and received net advances from related
parties of $504,883. 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.


                                       11
<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 April
30, 2007 and the consolidated statements of cash flows for the nine months ended
April 30, 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.


                                       12
<PAGE>

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.

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.


                                       13
<PAGE>

Depository Trust Company Suit

      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.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

      The following table sets forth the sales of unregistered securities since
      the Company's last report filed under this item.

<TABLE>
<CAPTION>
                                                                Principal    Total Offering Price/
  Date             Title and Amount(1)        Purchaser         Underwriter  Underwriting Discounts
  ----             -------------------        ---------         -----------  ----------------------
---------------------------------------------------------------------------------------------------
<S>                 <C>                  <C>                        <C>               <C>
March 29, 2007      3,100,000 shares     Griffen Trading            NA                $NA/NA
                    of common stock      Company for
                                         consulting services
---------------------------------------------------------------------------------------------------
</TABLE>

Item 6. Exhibits

Ex 10.22    Consulting Agreement, dated March 26, 2007, between Hybrid
            Technologies, Inc. and Griffen Trading Company.

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.


                                       14
<PAGE>

                                   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: June 19, 2007


                                       15