UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-Q  S QUARTERLY REPORT PURSUANT TO SECTION
13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For quarterly period ended September 30,
2008  £ TRANSITION REPORT PURSUANT TO SECTION
13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  Commission file number:
000-30245  IDI Global, Inc. (Exact name of small business issuer as
specified in its charter)  Nevada
87-0617040(State of incorporation)
(I.R.S. Employer Identification
No.)  3520 North University Ave, Suite 300,
Provo, Utah
84604(Address of principal executive
offices)
(Zip code)  Issuers telephone number, including area code: (801)
224-4444  Check whether the issuer (1) filed all reports required
to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months
(or for such shorter period that the registrant was required to file such
reports) and (2) has been subject to such filing requirements for the past 90
days.  Yes  x   No o  Indicate by check made whether the registrant is a shell
company (as defined in rule 12b-2 of the exchange Act)   Yes o  No  x  Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, or a non-accelerated filer, or a
smaller reporting company.  See the definitions of large accelerated
filer, accelerated filer, and smaller reporting company in Rule 12b-2 of
the Exchange Act.  (Check one):  Large accelerated filer o  Accelerated filer o  Non-accelerated filer o  Smaller reporting company x  As of November 18  2008, IDI Global, Inc., had
19,160,174 shares of common stock outstanding.  Transitional Small Business Disclosure Format: Yes o No x     TABLE OF CONTENTS    PART I: FINANCIAL INFORMATIONItem 1. Financial Statements
3Item 2. Managements Discussion and Analysis
13Item 3. Controls and Procedures
19PART II: OTHER INFORMATIONItem 1. Legal Proceedings
20Item 2. Unregistered Sales of Equity Securities and
Use of Proceeds
22Item 3. Defaults upon Senior Securities
23Item 5. Other Information
23Item 6. Exhibits
23Signatures
24  2   PART I:
FINANCIAL INFORMATION   ITEM 1.     FINANCIAL
STATEMENTS  The following financial information depicting our
consolidated statements of operations for the nine-month period ended September
30, 2008 and 2007 is unaudited.  This financial information, in the opinion
of management, includes all adjustments consisting of normal recurring entries
necessary for the fair presentation of such data. As further explained in the
Managements Discussion and Analysis section, the results for the period January
1, 2008, through September 30, 2008, are not indicative of historic performance
as they reflect an end of operations effective July 30, 2007.
  Comparisons to similar historic periods would be ineffectual due to
the termination of operations resulting in no comparative data for the months of
August 2007 to September 2008 in the reporting period.  As described below,
following July 30, 2007, we terminated all business operations of the Company,
and currently are evaluating options related to continuing operations in the
context of the Companys Chapter 11 bankruptcy case.     3    IDI Global, Inc. and Subsidiaries Condensed Consolidated Financial
Statements September 30, 2008   CONTENTS   Condensed Consolidated Balance Sheets
5Unaudited Condensed Consolidated Statements of
Operations
7Unaudited Condensed Consolidated Statements of Cash
Flows
9Notes to the Unaudited Condensed Consolidated
Financial Statements
10     4    IDI Global, Inc. and
SubsidiariesCondensed Consolidated Balance SheetsASSETSSeptember 30,

December 31,2008

2007(unaudited)Current AssetsCash
$
127,204
$
314,168Total Current Assets

127,204

314,168Total Assets
$
127,204
$
314,168  The balance sheet at December 31, 2007, was
taken from the audited financial statements at that date and condensed.  The accompanying notes are an integral part
of these condensed consolidated financial statements.  5    IDI Global, Inc. and
SubsidiariesCondensed Consolidated Balance SheetsSeptember 30,

December 31,2008

2007(unaudited)Current LiabilitiesAccounts Payable
$
1,107,528
$
1,030,122Accrued Expenses

1,243,973

1,168,223Notes Payable - Related Party

195,527

195,527Notes Payable

1,750,000

1,750,000Total Current
Liabilities

4,297,028

4,143,872Total Liabilities

4,297,028

4,143,872Stockholders' Equity (Deficit)Common Stock, Authorized 50,000,000
Shares,$.001 Par Value, Issued and
Outstanding19,160,174 and 19,160,174,
Respectively

19,160

19,160Additional Paid in Capital

7,186,045

7,186,045Retained Earnings (Deficit)

(11,375,029)

(11,034,909)Total Stockholders' Equity (Deficit)

(4,169,824)

(3,829,704)Total Liabilities and
Stockholders' Equity (Deficit)
$
127,204
$
314,168  The balance sheet at December 31, 2007, was
taken from the audited financial statements at that date and condensed.  The accompanying notes are an integral part
of these condensed consolidated financial statements  6    IDI Global, Inc. and
Subsidiaries(Debtor-in-Possession)Unaudited Condensed Consolidated
Statements of OperationsFor the Three Months Ended

For the Nine Months EndedSeptember 30,

September 30,2008

2007

2008

2007Revenues, Net
$
-
$
-
$
-
$
-Cost of Sales

-

-

-

-Gross Profit (Loss)

-

-

-

-Operating ExpensesGeneral & Administrative

32,097

381,344

341,505

781,773Total Operating
Expenses

32,097

381,344

341,505

781,773Net Operating Income (Loss)

(32,097)

(381,344)

(341,505)

(781,773)Other Income(Expense)Interest Income

173

-

1,385

-Gain on valuation of Derivatives

-

7,084

-

7,084Total Other
Income(Expense)

173

7,084

1,385

7,084Income (Loss) Before Income Taxes

(31,924)

(374,260)

( 340,120)

(774,689)Current Tax Expense

-

-

-

-Net Loss From Continuing Operations

(31,924)

(374,260)

( 340,120)

(774,689)Discontinued Operations:Income
(loss) from discontinued operations

-

358,605

-

156,589Net Gain
(Loss) From Discontinued Operations

-

358,605

-

156,589Net Income (Loss)
$
(31,924)
$
(15,655)
$
(340,120)
$
(618,100)Net (Loss) per Share:Continuing
operations
$
(0.00)
$
(0.02)
$
(0.02)
$
(0.04)Discontinued
operations

-

0.02

-

0.01Net Income (Loss) Per Share
$
(0.00)
$
(0.00)
$
(0.02)
$
(0.03)Weighted Average Shares Outstanding

19,160,174

19,160,174

19,160,174

19,160,174  The accompanying notes are an integral part
of these condensed consolidated financial statements.  7    IDI Global, Inc. and
SubsidiariesUnaudited Condensed Consolidated
Statements of Cash FlowsFor the Nine Months EndedSeptember 30,2008

2007Cash Flows from Operating Activities:Net (Loss)
$
(340,120)
$
(618,100)Adjustments to Reconcile Net Loss to
Net CashProvided (used) by
Operations:Depreciation &
Amortization

-

21,750Gain on disposal of
subsidiary

-

(824,454)Change in Operating Assets and
Liabilities:Accounts
Receivable

-

(36,251)Increase (Decrease)
in:Accounts
Payable

77,406

888,985Accrued
Expenses

75,750

307,793Derivative
liability

-

(7,084)Net Cash Provided(Used) by Operating
Activities

(186,964)

(267,361)Cash Flows from Investing Activities:Purchase of property and
Equipment

-

(8,048)Proceeds from Disposal of
Subsidiary

-

719,471Subsidiary Cash upon
disposal of subsidiary equipment

-

(961,988)Net Cash Provided (Used) by Investing
Activities

-

(250,565)Cash Flows from Financing Activities:Net Cash Provided (Used) by Financing
Activities

-

-Increase (Decrease) in Cash

(186,964)

(517,926)Cash at Beginning of Period

314,168

874,938Cash at End of Period
$
127,204
$
357,012  The accompanying notes are an integral part
of these condensed consolidated financial statements.  8    IDI Global, Inc. and
Subsidiaries(Debtor-in-Possession)Unaudited Condensed Consolidated
Statements of Cash Flows (Continued)For the Nine Months EndedSeptember 30,2008

2007Supplemental Disclosures of Cash
Flow Information:Cash paid during the period
for:Interest
$
-
$
-Income Taxes
$
-
$
-Supplemental Schedule of Non-cash Investing and
Financing ActivitiesConversion of accounts
payable to note payable
$
-
$
26,915Note
payable accounted as a conversion to paid in capital
$
-
$
309,000  The accompanying notes are an integral part
of these condensed consolidated financial statements.   9   IDI GLOBAL,
INC. AND SUBSIDIARIES Notes to the Unaudited Consolidated
Financial Statements September 30, 2008  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES  Organization 
IDI Global, Inc. (the Company), formerly Bennion Corporation, was incorporated
on August 17, 1998.  On December 31, 1998, the Company merged with Bennion
Corporation, an Arkansas corporation (Bennion-AR).  The Company was the
surviving corporation.  The merger was recorded under the pooling of
interest method of accounting.  From inception on August 17, 1998 to
January 15, 2002, the Company was inactive.  On January 16, 2002,
Bennion Corporation, a public company, entered into an agreement to complete a
forward triangular merger with idiglobal.com, Inc., a private Delaware company,
and Internet Development, Inc., a private Nevada company.   Per the
terms of the agreement, Internet Development agreed to deliver 7,500,000 shares
of the Companys common stock to idiglobal.coms shareholders in exchange for
100% of idiglobal.coms shares.  The merger was treated as a reverse merger
with idiglobal.com, Inc. being the accounting acquirer; therefore, all
historical financial information prior to the acquisition date is that of
idiglobal.com, Inc.  Pursuant to the merger, the Company changed their name
from Bennion Corporation to IDI Global, Inc.  In October 2003, the
Company issued 954,600 shares of common stock to acquire 100% of the outstanding
shares of Integrated Communication Systems (Integrated), a New York
corporation, through a merger with Sports Media International, Inc. a subsidiary
organized by the Company as a merger subsidiary.  Integrateds offices are
located in New York City, and they are engaged in sports media and
advertising.  In January 2004, the
Company acquired 100% ownership in Chief Financial and their wholly owned
subsidiary Professional Consulting Services. Prior to the acquisition, the
Company outsourced a share of its small office home office (SOHO) sales and
marketing operations to Chief Financial.  Chief Financial was located in
Ft. Worth Texas, and PCS was located in St. George, Utah.  In January 2005, the
Company entered into an Asset Purchase Agreement with Mentoring of America, LLC,
a Utah limited liability company and HG Marketing, Inc (HG), a Nevada
corporation pursuant to which HG agreed to sell to the Company certain assets
and rights used in the operation of a call center business located in St.
George, UT.  The purchase price was the assumption of certain liabilities
of the sales and marketing operation, $1,800,000 in cash, warrants to purchase
up to 2,500,000 shares of the Companys common stock, which become exercisable
between 2008 and 2012 at exercise prices escalating annually from $0.80 to
$1.80, and the issuance of 4,356,436 shares of the Companys common stock to
escrow, which will be released based upon the performance of the sales and
marketing operation over the first two years of operations. IDI Common Stock
shall be released from escrow based on Net Income of the Mentoring Call Center
during (i) the period January 1, 2005 to December 31, 2005 (Year One),
(ii) the period January 1, 2006 to December 31, 2006 (Year Two) and (iii) the
three month periods ending June 30, 2005, September 30, 2005, December 31, 2005,
March 31, 2006, June 30, 2006, and September 30, 2006 (each a Measurement
Quarter); provided, that the Year One Target has been achieved before the first
day of any Measurement Quarter.  The 4,356,436
contingent shares designated for this acquisition have been cancelled and have
not been accounted for in assets or equity. No value was assigned to the 2.5
million warrants due to the fact that the warrants vest in 3 years. The Company
will recognize approximately $500,000 in goodwill when the warrants vest, based
on the Black Scholes Model with the following assumptions: Stock price $0.05,
exercise price: $0.80 to $1.80, dividend yield: $0, term: 3 to 7 years, risk
free rate: 3.58%, volatility: 86%. The company recorded the acquisition as an
asset acquisition not a business combination.  10   On April 16, 2006, the Company, along with its wholly owned
subsidiaries IDI Small Business, Inc. (IDISB)(Utah Corporation) and Chief
Financial, Inc. (Chief) (Texas Corporation), and Chiefs wholly owned
subsidiary, Professional Consulting Services, Inc. (PCS) (Utah Corporation)
(collectively, the Debtor Entities), each filed for protection under Chapter
11 of the Bankruptcy Code, title 11 of the United States Code, in the United
States Bankruptcy Court for the District of Utah and their respective cases are
being jointly administered (the Chapter 11 Case).  The Debtor Entities
remain as debtors in possession in the Chapter 11 Case, and have been engaged in
an organized liquidation of their respective businesses.  The Company was an ASP
(applications service provider) of unique web based Internet applications for
companies that have large affiliate networks.  In addition, the Company
provided proprietary applications for small business and home office businesses
that require web and ecommerce enabled tools to create a virtual presence on the
Internet.  The Company provided in house servers and management to host all
of its applications and control security for its customers.  Interim Financial
Statements -The accompanying financial statements have been prepared by the
Company without audit.  In the opinion of management, all adjustments
(which include only normal recurring adjustments) necessary to present fairly
the financial position, results of operations and cash flows at September 30,
2008, and for the period then ended have been made.  Certain information and
footnote disclosures normally included in financial statements prepared in
accordance with accounting principles generally accepted in the United States of
America have been condensed or omitted.  It is suggested that these interim
financial statements be read in conjunction with the financial statements and
notes thereto included in the Companys December 31, 2007, audited financial
statements.  The results of operations for the periods ended September 30,
2008 and 2007 are not necessarily indicative of the operating results for the
full year.  Reclassification -The financial statements for periods prior to September 30, 2008, have been
reclassified to conform to the headings and classifications used in the
September 30, 2008, financial statements.  NOTE 2  DISCONTINUED OPERATIONS  On August 1, 2007, the
Company with the approval of the Court in the Bankruptcy Case, completed the
sale of its stock holdings in Internet Development, Inc., a former wholly owned
subsidiary of the Company.  The Company has accounted for this disposal in
accordance with Statement of Financial Accounting Standards No. 144, Accounting
for the Impairment or Disposal of Long-Lived Assets.  The following is a
summary of the results of operations of the Companys discontinued
operations:  Three Months Ended

Nine Months EndingSeptember 30,

September 30,2008

2007

2008

2007Revenue
$
-
$
434,356
$
-
$
3,107,489Cost of goods sold

-

(227,838)

-

(2,306,690)General and administrative

-

(628,266)

-

(1,407,834)Other income (expense)

-

(44,101)

-

(60,830)Net Income
(loss) from discontinued operations

-

(465,849)

-

(667,865)Gain on
disposal of discontinued operations

-

824,454

-

824,454Income
(Loss) from discontinued operations
$
-
$
358,605
$
-
$
156,589   11   NOTE 3  RELATED PARTY
TRANSACTIONS  At September 30, 2008,
and December 31, 2007, the Company had a note payable to an officer and
stockholder of the Company with a balance of $195,527 and $195,527,
respectively.  NOTE 4  BANKRUPTCY  On April 17, 2006, IDI
Global, Inc. as well as two of its wholly owned subsidiaries, IDI Small
Business, Inc., and Chief Financial, Inc., along with the wholly owned
subsidiary of Chief Financial, Professional Consulting Services, Inc., (the
Debtors), filed for petitions of relief under Chapter 11 of the federal
bankruptcy laws in the United States Bankruptcy Court for the District of Utah
(the Bankruptcy Court). Under Chapter 11, certain claims against the Debtor in
existence prior to the filing of the petitions for relief under the federal
bankruptcy laws are stayed while the Debtor continues business operations as
Debtor-in possession. These claims are reflected in the December 31, 2006
balance sheet as liabilities subject to compromise. Additional claims may
arise subsequent to the filing date as a result of the determination by the
court of allowed claims for contingencies and other disputed amounts. The
Companies anticipate that each entity will remain as debtor in possession,
subject to the jurisdiction of the supervision and orders of the Bankruptcy
Court.  NOTE 5  GOING CONCERN  On April 16, 2006, the
Debtor Entities, including the Company, filed the Chapter 11 Case, and they
remain as debtors in possession in that Case.     The main
reason for filing bankruptcy was a legal dispute with Mentoring of America, LLC
and HG Marketing, Inc., two companies that the Company had entered into
contracts with to manage and operate a sales and marketing call center located
in Saint George, Utah.  After just over a year of operation in a required
seven year agreement monies being generated by the call center were diverted
into a non-IDI bank account, eliminating in excess of $150,000 in required
monthly net operating income, which payments were required by the executed
agreements between the parties and which payments have not been received as
required by contract since mid-February 2006.  When these funds were
diverted into a non-approved bank account for the benefit of the Mentoring
Parties, the lost income made it impossible for IDI to honor loan commitments
made to certain parties that funded $1.75 million dollars in funds that were
used in their entirety to close the contracts with the Mentoring Parties..The
Debtor Entities aggressively pursued legal action in the Chapter 11 Case,
seeking to recover monies which were misappropriated and diverted into Mentoring
Parties bank accounts and which were never remitted to IDI as required by
contract.  After many months of litigation the Creditors Committee
representing the creditors of the Debtor Entities encourages the Debtor Entities
to pursue a settlement agreement with the Mentoring Parties and provide mutual
releases against all outstanding claims and legal actions by both parties. 
Such a settlement agreement has been signed and was approved by the Court on
April 11, 2007, and all transactions related to this agreement have now
closed.  This settlement agreement required among other things, for the
Mentoring Parties to pay the Company and IDISB several hundred thousand dollars.
All transactions related to the settlement agreement, including the sale of the
call center, closed in August 2007.   Furthermore, the Company has
sold all of its stock in its operating and wholly owned subsidiary, Internet
Development, Inc., and this transaction was authorized by the Court in the
Chapter 11 Case.  As a result the Company no longer has any operations, and
is presently pursuing potential acquisition / merger opportunities.  All
funds received from such acquisition / merger offers would accrue to the benefit
of Creditor Claims.  The Company is aggressively pursuing potential suitors
that have expressed interest in acquiring or merging their operations with the
IDI public company or the direct purchase of the assets of operating
subsidiaries of the public company.  Any acquisitions / mergers will be
presented to the Creditors Committee for their support,  be included in a
Chapter 11 plan, and be submitted in the Chapter 11 Case for confirmation under
the Bankruptcy  Code. The Creditors are also participating in trying to
secure a buyer.  The above summarizes is
what management believes to be the most probable outcome for IDI Global, Inc.
and its wholly owned subsidiaries.   12   ITEM 2. MANAGEMENTS
DISCUSSION AND ANALYSIS  GENERAL  IDI Global, Inc. and
Subsidiaries, the Company, has elected to omit a substantial part of the
footnotes to the consolidated financial statements for the nine months ended
September 30, 2008, because there have been no material changes (other than
indicated in other footnotes) to the information previously reported by the
Company in their Annual Report filed on Form 10-KSB for the fiscal year ended
December 31, 2007.  UNAUDITED INFORMATION  The information
furnished herein was taken from the books and records of the Company without
audit.  However, such information reflects all adjustments which are, in
the opinion of management, necessary to properly reflect the results of the
interim period presented.  The information presented is not necessarily
indicative of the results from operations expected for the full fiscal year.  FILING OF BANKRUPTCY UNDER CHAPTER 11  On April 17, 2006, IDI Global, Inc.,
as well as two of its wholly owned subsidiaries, IDI Small Business, Inc., and
Chief Financial, Inc., along with the wholly owned subsidiary of Chief
Financial, Professional Consulting Services, Inc., filed for bankruptcy
protection in the United States Bankruptcy Court for the District of Utah (the
Bankruptcy Court).  (IDI Global, Case No. 0621261; IDI Small Business,
Case No. 0621266; Chief Financial, Case No. 0621270; and PCS, Case No. 0621268.)
 We anticipate that each entity will remain as debtor in possession,
subject to the jurisdiction of the supervision and orders of the Bankruptcy
Court.  Settlement and Sale Agreement with
Mentoring Parties:   IDI Global, IDI Small Business, and
Professional Consulting Services (the IDI Debtors) entered into an Agreement
for Purchase and Sale of Assets and for Settlement of Disputes dated March 16,
2007 (the Settlement and Sale Agreement), with HG Marketing, Inc. and
Mentoring of America, LLC (the Mentoring Parties).  The Bankruptcy Court
approved the Settlement and Sale Agreement following hearing on April 11, 2007.
 All transactions contemplated as part of the Settlement and Sale
Agreement, including the sale of a Call Center located in St. George, Utah, have
closed.  Pursuant to the Settlement and Sale
Agreement, the Mentoring Parties paid the IDI Debtors $171,409, in addition to
other funds previously paid, in settlement of all disputes between the parties
and also paid $337,500 for all of the IDI Debtors rights in the St. George Call
Center.  Payments by IDI Small
Business.  - On February 2, 2007, the Bankruptcy Court entered an order
authorizing certain expenses of the IDI Debtors to be paid from funds held by
IDI Small Business, Inc.  Prior to this time, and as authorized by the
Bankruptcy Court, most expenses of the IDI Debtors were being paid with funds
provided by Internet Development, Inc. a wholly owned subsidiary of IDI Global,
Inc.  In October 2006, however, Internet Development, Inc. informed the IDI
Debtors that it would no longer have funds to pay the expenses .Since that time,
IDI Global, Inc. has sold all of its stock in Internet Development, Inc.
pursuant to an agreement that was approved by the Bankruptcy Court.  Lawsuit filed by Internet
Development, Inc. against the IDI Debtors.  - On February 6, 2007,
Internet Development, Inc. filed a Complaint in the Bankruptcy Court against the
IDI Debtors, seeking to impose a constructive trust on certain funds that are
being held on behalf of the IDI Debtors in a trust account (the Internet
Development Suit).  As described below, as part of the Companys sale of
Internet Development, Inc.s stock, the Internet Development Suit has been
dismissed.  13   Court
Authority for Creditors Committee to Represent IDI Debtors Bankruptcy Estate
in Certain Claims. - On April 11, 2007, the Bankruptcy Court granted a
motion authorizing the Official Committee of Unsecured Creditors (Committee)
to defend the Internet Development Suit, which as discussed below, has now been
dismissed. In addition, the Bankruptcy Court authorized the Committee to take
whatever actions are necessary to recover funds that the IDI Debtors transferred
prior to the petition date to Advanced Business Development, Inc. (ABD) or any
of ABD's insiders or affiliates.  As a result of the funds transferred to
ABD, ABD produced an infomercial, and has provided a copy of the infomercial to
the IDI Debtors.  Contrary to the parties' agreement, ABD has refused to
test the infomercial, and as a result, the infomercial has no value to the
estates at this time.  The IDI Debtors are currently engaged in
negotiations with the personality featured in the infomercial related to the
testing and use of the infomercial.  On or about April 16, 2008, the
Committee filed a Complaint in the Bankruptcy Court related to this matter.  No Extension of Exclusivity for
Plan Confirmation. - On February 12, 2007, the exclusivity period for the
IDI Debtors to file a plan of reorganization, as set forth in section 1121 of
title 11 of the United States Code, expired and, as a result, any party in
interest, including the IDI Debtors, may file a plan of reorganization in the
IDI Debtors' Chapter 11 Cases.  Offer by MCB Printing, Inc. -
On or about March 8, 2007, MCB Printing, Inc. dba Excel Graphics, Inc. provided
to the IDI Debtors and the Committee an offer to purchase Internet Development,
Inc. and to merge with IDI Global, Inc.  This offer was not accepted by the
IDI Debtors.  The offer expired and the negotiations with MCB were
terminated.  Sale of Internet Development,
Inc.s Stock. - IDI Global, Inc., entered into Stock Purchase Agreement with
Solution X International, Inc., dated as of June 6, 2007, relating to the sale
by IDI Global of all of the issued and outstanding shares of common stock of
Internet Development, Inc., a wholly owned subsidiary of the Company to Solution
X.  The consummation of the agreement and sale of the stock was subject to
higher and better offers and approval of the Bankruptcy Court.  No higher
and better offers were submitted to the Company, and as a result the Stock
Purchase Agreement was submitted to the Bankruptcy Court for approval.  On
August 1, 2007, after an evidentiary hearing, the Bankruptcy Court entered an
order approving the Stock Purchase Agreement, and the sale has closed.
 Pursuant to this Agreement, Solution X International, Inc. has paid the
Company $40,000, the lawsuit against Internet Development, Inc. was dismissed,
resulting in the release to the Company of approximately $166,000 held in trust
while the suit was pending, and all of Internet Development, Inc.s claims
against the Company and its subsidiaries, totaling over $500,000 were released.  IDI Global currently has no
operating subsidiaries and is effectively administratively insolvent. - It
is exploring its options as a debtor in possession, and at this time,
anticipates filing a Chapter 11 plan that will incorporate a distribution of
funds to creditors holding allowed claims resulting from the settlement of
litigation and the liquidation of its assets, as well as from the litigation of
existing claims and sale of remaining assets.   The Company is
currently evaluating options related to continuing operations in the context of
the Companys Chapter 11 bankruptcy case.  There can be no guarantee that
holders of common stock of the Company will be able to participate in or receive
a benefit from any reorganization plan that may be submitted for confirmation,
or that the series of common stock in the Company will remain if and when we
emerge from bankruptcy.  Additional disclosure for the statements of
cash flows for the period ending  September 30, 2008:  Operating
Activities:  Interest received on cash accumulated because of the Chapter 11
proceeding: $1,385.  Interest stayed to on note payable because of the Chapter 11
proceeding: $221,732  Professional fees paid
for services rendered in connection with the Chapter 11 proceeding:
$221,179.   14   SPECIAL NOTE
REGARDING FORWARD-LOOKING STATEMENTS  The Securities and Exchange Commission (SEC) encourages
companies to disclose forward-looking information so that investors can better
understand future prospects and make informed investment decisions.  This
report contains these types of statements.  Words such as may, will,
expect, believe, anticipate, estimate, project, or continue or
comparable terminology used in connection with any discussion of future
operating results or financial performance, identify forward-looking statements.
 You are cautioned not to place undue reliance on the forward-looking
statements, which speak only as of the date of this report.  All
forward-looking statements reflect our present expectation of future events and
are subject to a number of important factors and uncertainties that could cause
actual results to differ materially from those described in the forward-looking
statements.   We disclaim any obligation or intention to update any
forward-looking statement contained in this Report.   PLEASE NOTE: In connection with the bankruptcy
proceedings discussed herein, the Company has (a) sold the stock of Internet
Development, Inc., one of its wholly-owned subsidiaries; and (b) sold the assets
of IDI Small Business, Inc., another wholly-owned subsidiary as part of a global
settlement of certain litigation.  Both of these sales were approved by the
Bankruptcy Court as being in the best interests of the creditors of the Company.
 As a result of these sales, the Company is not currently engaged in
business operations, but rather is administering its Chapter 11 case and, as
part thereof, considering all options related to the Companys reorganization.  Critical Accounting Policies  The preparation of consolidated financial statements in
conformity with generally accepted accounting principles requires estimates and
assumptions that affect the reported amounts of assets and liabilities, revenues
and expenses, and related disclosures of contingent assets and liabilities in
our consolidated financial statements and accompanying notes.  Critical
accounting policies are defined as those which are most important to the
portrayal of the financial condition and results of operations and which also
require a company to make its most difficult and subjective judgments. Based on
this definition, we have identified the critical accounting policies and
judgments addressed below. Although we believe that our estimates, assumptions,
and judgments are reasonable, they are based upon information as of the date of
this report available. Actual results may differ significantly from these
estimates under different assumptions, judgments, or conditions.  Income Taxes:  We record a tax provision for the
anticipated tax consequences of our reported results of operations. In
accordance with SFAS No. 109, Accounting for Income Taxes, the provision for
income taxes is computed using the asset and liability method, under which
deferred tax assets and liabilities are recognized for the expected future tax
consequences of temporary differences between the financial reporting and tax
bases of assets and liabilities, and for operating losses and tax credit carry
forwards. Deferred tax assets and liabilities are measured using the currently
enacted tax rates that apply to taxable income in effect for the years in which
those tax assets are expected to be realized or settled. We record a valuation
allowance to reduce deferred tax assets to the amount that is believed more
likely than not to be realized.  Executive Overview  IDI Global is a holding company which previously operated
through its wholly owned subsidiary, Internet Development, and its wholly owned
subsidiary IDI Small Business, Inc.  Internet Development offered web
development services and software, web hosting services, and related support.
 It provided websites and related tools for large and small vertical
businesses with a network of affiliates, allowing for communication, marketing,
e-commerce and business management online.   IDI Small Business, Inc.
was involved with the operation of a call center located in St. George, Utah.  15   On April 17, 2006, IDI Global,
Inc., as well, IDI Small Business, Inc., and another wholly owned subsidiary,
Chief Financial, Inc., along with the wholly owned subsidiary of Chief
Financial, Professional Consulting Services, filed for Chapter 11 bankruptcy
protection under Title 11 of the U.S. Bankruptcy Code in the United States
Bankruptcy Court for the District of Utah (the Bankruptcy Court).  Since
that time, the Bankruptcy Court has approved an agreement to, among other
things, sell the St. George Call Center, and an agreement under which IDI Global
sold its Internet Development stock.  Accordingly, IDI Global no longer
engages in operations. Although the Company has endeavored to maximize
its value for the benefit of creditors and shareholders in its bankruptcy
case, as of the date of this report, it was unknown whether the
Company will be able to continue as a going concern.  As of the date
of this report, the Company was entertaining offers from third parties for a
potential merger and was working to formulate a plan of reorganization,
which will include its divestment of certain assets.  However, there
can be no guarantee that the Company's 2negotiations will be successful or will
enable the Company to continue as a going concern.  On February 12, 2007,
the exclusivity period for the Debtors to file a plan of reorganization, as
set forth in section 1121 of title 11 of the United States Code, expired and, as
a result, any party in interest, including the Debtors, may file a plan of
reorganization in the Debtors Chapter 11 Cases.  For the nine months ended September 30, 2008, we recorded
total revenues on a consolidated basis of $0, compared to total revenues of $0
for the nine months ended September 30, 2007.  We recorded net loss of
$(340,120) for 2008 compared to net income (loss) of $(618,100) for 2007. The
2008 loss was due to professional fees.  LIQUIDITY AND CAPITAL RESOURCES  During 2007, we were able to support our recurring
day-to-day cash operating expenses with recurring cash inflows and existing cash
balances, at least through July 31, 2007.  As noted above, in July 2007,
Internet Development, our last operating subsidiary, was sold, and from that
time, we had no operations.  Our revenues during 2007 were primarily from product
sales, Internet applications, and web-site hosting and training services.  Our monthly cash outflow was primarily related to cost of
sales and general and administrative expenses.  Net cash used by operations
for the nine month period ending September 30, 2008 was $186,964, compared to
net cash used by operating activities of $267,361 for the nine-month period of
ending September 30, 2007.  In 2005, we recognized impairment on our goodwill on the
following investments:  Sports Media had $1.5 million in impairment
recognized, which is equal to 100% of the investment.  This determination
was made after testing the goodwill for 2006.  HG Marketing had $1.8
million in impairment recognized and Chief Financial had $1.1 million in
impairment recognized.  This is due to a lack of payment on a management
contract with Mentoring of America. Mentoring of America agreed in the contract
to manage both sales floors and provide $150,000 per month to IDI Small
Business.  However, since January of 2006, we have not received the minimum
amount from the contract.  New Connexions was impaired by $151,200 in
investment and written off to bad debt in the amount of $1,101,825. This is due
to a lack of payment since March 2005, when the first payment was due.
 This company has also refused to provide financial information.
 These impairments and bad debts were contributing factor to the loss and
net cash by operations.  In March 2007 we received $508,909 from HG
Marketing.  We have received nothing from Chief Financial or Sports
Media.  Net cash provided/(used) by investing activities was $0
for the nine month period ending September 30, 2008, compared to $(250,565) for
the nine month period ending September 30, 2007.  For the nine month period ending September 30, 2008, net
cash provided by financing activities was $0 compared to net cash provided by
financing activities of $0 for the nine month period ending September 30, 2007.
  The following statements below describe the financing events during
2004 to 2008.  On December 24, 2004, we entered into a Term Credit
Agreement (the Credit Agreement) with Hong Kong League Central Credit Union and
SBI Advisors, LLC (SBI Advisors).  Under this Credit Agreement, we received
a loan in the principal amount of $1,750,000 and paid interest of 2.0% per
month.  We were negotiating an extension or other arrangement regarding
this Credit Agreement prior to entering in chapter 11 bankruptcy.  In light
of the bankruptcy case, SBI advisors holds an unsecured claim in this case.  16   In connection with the Credit
Agreement, we entered into a Securities Purchase Agreement (the Purchase
Agreement) with SBI Brightline X LLC (SBI Brightline).  Under the Purchase
Agreement, we may sell up to 3,428,570 shares of IDI Global common stock at
$0.70 per share to SBI Brightline.  We may put eighteen separate
200,000-share tranches to SBI Brightline, which it must purchase at $140,000
each.  The potential proceeds to us from this Purchase Agreement could be
as much as $2.4 million, less fees.  However, we agreed to use 100% of the proceeds from the
first and second tranche to repay the Credit Agreement.  After the second
tranche we agreed to use one-half of the proceeds of each tranche to repay the
outstanding balance under the Credit Agreement.  As part of these transactions, we granted SBI Advisors,
the agent for Hong Kong League Central Credit Union, a warrant to purchase
525,000 shares of common stock at an exercise price of $0.70 per share with a
term that expires four years from the initial effective date of the applicable
registration statement.  We also granted a warrant at the time of signing
the Purchase Agreement to SBI Brightline to purchase an aggregate of 571,429
shares of common stock at an exercise price of $0.70 per share with a term that
expires four years from the initial effective date of the registration
statement.  We granted a second warrant to SBI Brightline which is
exercisable after the delivery of the ninth tranche of funding (the Additional
Warrant) to purchase 571,429 shares of common stock.  This Additional
Warrant will have a four-year term and exercise price of $0.70 per share. The
potential proceeds from the exercise of the warrants are approximately
$1,167,500; however, the Selling Stockholders have discretion when or whether to
exercise the warrants.  We also agreed to use one-half of the proceeds from
the exercise of warrants granted under the agreement to repay the Credit
Agreement.  We used the proceeds from this Credit Agreement to
acquire the St. George Call Center.  Specifically, on January 14, 2005, IDI
Global and IDI Small Business entered into an Asset Purchase Agreement with The
Mentoring Parties.  Pursuant to the agreement, IDI Small Business acquired
the sales and marketing assets of HG Marketing.  IDI Small Business assumed
certain liabilities of the sales and marketing operation, paid $1,800,000 cash,
granted warrants to purchase up to 2,500,000 shares of IDI Global common stock
and agreed to issue and place 4,356,436 shares of IDI Global common stock into
an escrow.  The warrants became exercisable between 2008 and 2012 at
exercise prices that escalate annually from $0.80 to $1.80.  The 4,356,436
shares of IDI Global common stock were to be held in escrow were to be released
to Mentoring of America based upon performance of the sales and marketing
operation over the first two years of operations.  As described above in
Legal Proceedings, we were involved in litigation with the Mentoring Parties,
with respect to the Asset Purchase Agreement.  The Bankruptcy Court
approved a sale and settlement agreement, providing for the sale of the St.
George Call Center to the Mentoring Parties and the dismissal of all litigation
by and between the parties.  COMMITMENTS AND CONTINGENT LIABILITIES  Our principle commitments consisted of operating leases
for office space in Orem, Utah, and repayment of the Credit Agreement and our
total current liabilities.  The total monthly lease payment for the Orem
office was $7,218. This lease was terminated December 31, 2007 and because the
Company currently has no operations there is no need for office space.  One
of our officers is letting us use his office as our mailing address.  As of March 30, 2006, we owed $1,750,000, plus 2%
interest, or an aggregate of $1,785,000, under the Credit Agreement.  The
accrual of interest for this debt was stayed as a result of the Chapter 11 Case
for April though December, 2007, and this interest is not an allowable claim
against the Company.  At September 30, 2008, we had total current liabilities
of $4,297,028 which included notes payable of $1,750,000 to SBI Brightline, a
third party, and $195,527 in notes payable to Kevin R. Griffith, our CEO.   At September 30, 2008, our total current liabilities also
included accrued expenses of $1,243,973, primarily related to deferred
compensation, accrued interest, and payroll liabilities.  Accounts payable
of $1,107,528 added to our total current liabilities.  17   OFF-BALANCE SHEET
ARRANGEMENTS  None.  RESULTS OF OPERATIONS  Comparison of the Nine Months Ended September 30, 2008
and 2007  The following discussions are based on the unaudited
consolidated financial statements of IDI Global, Internet Development, Sports
Media, and Chief Financial.  These charts and discussions summarize our
financial statements for the nine month periods ending September 30, 2008 and
2007, and should be read in conjunction with the financial statements and notes
to the financial statements included in this report, starting on page F-6.  As discussed above, in July 2007, the Company sold its
last operating subsidiary, and from that time through the end of 2007 and
through the date of this Report, the Company did not have operations.  Summary Comparison of years ended September 30,
2008 and 2007  Nine months

Nine monthsended

EndedSeptember 30,
2008

September 30,
2007Total revenues
$
-
$
-Total cost of sales

-

-Gross profit

-

-Total operating expenses

341,505

781,773Net operating income (loss)

(341,505)

(781,773)Total other income (expense)

1,385

7,084Total income tax expense

-

-Loss from discontinued Operations

-

156,589Net Loss

(340,120)

(618,100)Net earnings (loss) per share
$
(0.02)
$
(0.03)  Total revenues did not change for the nine month period
ending September 30, 2008, compared to the nine month period ending September
30, 2007.  Cost of sales did not change, remaining $0 for the nine
month period ending September 30, 2008.  Total operating expenses include professional fees, and
other general office expenses.  These operating expenses decreased by
$440,268 for 2008.  Total other income and expense for 2008 was related to
interest income. However, we recorded a net loss for the nine month period
ending September 30, 2008.  Net loss per share was $(0.03) for 2007
compared to $(0.02) loss for 2008.  18   The following chart and
related discussions summarize our consolidated balance sheets as of September
30, 2008 and December 31, 2007, and should be read in conjunction with the
financial statements and notes to the financial statements included in this
report, starting on page F-1.  Summary of Balance Sheet  September 30, 2008

December 31, 2007Cash
$
127,204
$
314,168Total current assets
$
127,204
$
314,168Total assets
$
127,204
$
314,168Total current liabilities
$
4,297,028
$
4,143,872Total liabilities
$
4,297,028
$
4,143,872Retained earnings (deficit)
$
(11,375,029)
$
(11,034,909)Total stockholders (Deficit)
$
(4,169,824)
$
(3,829,704)  The decrease of total current assets at September 30,
2008, compared to the year ended December 31, 2007, was primarily the result of
the paying some professional fees.  Total current liabilities and total liabilities increased
at September 30, 2008, compared to the year ended December 31, 2007, primarily
due to increases in Accounts Payable and Accrued Expenses.  Our retained
deficit increased at September 30, 2008, due to the loss in net income.   ITEM 3.      CONTROLS AND
PROCEDURES      In accordance with Exchange Act Rules 13a-15 and 15d-15,
Kevin Griffith, IDI Globals Chief Executive Officer, and Steven Weatherly, a
consultant performing certain services typically performed by a chief financial
officer, have conducted an evaluation of our disclosure controls and procedures
as of the end of the period covered by this report.  Based on that
evaluation, Mr. Griffith and Mr. Weatherly concluded that our disclosure
controls and procedures and our internal controls over financial reporting were
not effective as of September 30, 2008, to provide reasonable assurance that
information required to be disclosed in our reports filed or submitted under the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the Securities and Exchange Commissions rules and
forms.  Factors which led our management to conclude that our
disclosure controls and procedures were not effective include, but are not
limited to:  - late filing of our Annual Report for
the year ended December 31, 2007;  - failure to include the required
managements report on our internal control over financial reporting; and  - the identification by our auditors of
material weaknesses relating to reconciliation transactions and recording of
accounts payable and accrued expenses, without corresponding disclosure relating
to remediative measures to be taken.   19   The Companys auditors have
identified one significant deficiency and two material weaknesses in our
internal controls over financial reporting.  The significant deficiency
related to managements lack of formal assessment of the operating effectiveness
of the Companys internal controls over financial reporting and the fact that
this deficiency has not been remediated to date.  The material weaknesses
were the lack of proper recording of the transactions associated with the sale
of Internet Development, Inc., and the lack of proper recording of accounts
payable and accrued expenses, and the fact that these material weaknesses had
not been remediated to date.  As disclosed elsewhere in this Quarterly Report, the
Company is involved in bankruptcy proceedings.  In the event that the
Company emerges from the bankruptcy proceedings, management will take the steps
necessary to remediate the significant deficiency and the material
weaknesses.  Changes in Internal Controls over Financial Reporting  During our fiscal quarter ended September 30, 2008, no
change occurred in our internal control over financial reporting that has
materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.  PART II: OTHER INFORMATION   ITEM 1.     LEGAL
PROCEEDINGS   1. PREPETITION LITIGATION AGAINST THE
DEBTORS  All legal proceedings that existed as of April 17, 2006
against the Company or any of the Debtor subsidiaries has been stayed as a
result of the filing of the Chapter 11 petition.  These actions include the
following:  a. In March 2005, two former employees,
Ryan Romero and Jeremy Hall, filed suit against IDI Global in the 4thJudicial District Court, Provo Department, and State of Utah.  The
suit alleges that Romero and Hall are entitled to options that were allegedly
promised to them in connection with the termination of their employment. We
filed our answer and discovery is proceeding. We deny these allegations, and
intend to defend vigorously against this suit.  b. On April 1, 2004, Ascendiant Capital
Group, LLC, filed a complaint against IDI Global in the Superior Court of the
State of California for the County of Orange - Central Justice Center.  The
complaint alleges that IDI Global breached a consulting agreement with
Ascendiant Capital Group, and that Ascendiant Capital Group is entitled to
damages in excess of $25,000.  We intend to defend against the claims, and
on May 11, 2004, we filed a cross-complaint alleging breach of contract by
Ascendiant Capital Group.  This case was stayed prior to the filing of the
Companys Chapter 11 case pending the outcome of the Mercator litigation
discussed below.  Ascendiant has failed to file a timely proof of claim in
IDI Global in its Chapter 11 case and, therefore, its claim is not allowable in
the bankruptcy case.  c. On March 12, 2004 Mercator Momentum
Fund, L.P. and Mercator Momentum Fund III, both California limited partnerships,
and Mercator Advisory Group, L.L.C., a California limited liability company,
filed a complaint against IDI Global, Inc. in the Superior Court of the State of
California for the County of Los Angeles.  The complaint alleges that IDI
Global breached a Securities Purchase Agreement by refusing to accept $3,500,000
in consideration for promissory notes in the amount of $3,500,000 with 3.5%
interest, warrants to purchase 1,312,500 shares of IDI Global common stock at an
exercise price of $1.20, a $175,000 due diligence fee, and failure to register
the shares of common stock.  We intend to defend against the claims.  d. Newave, Inc., vs. IDI Global, Inc.,
Chief Financial, Inc., et al., Superior Court for the State of California, in
and for the County of Santa Barbara, Case No.  1167126.  Plaintiff
Newave, Inc., filed a lawsuit against IDI Global and Chief Financial for breach
of contract and unjust enrichment.  The lawsuit relates to a Lead
Marketing Agreement between Newave and Chief Financial.  We dispute that
we are a party to the Lead Marketing Agreement, and have filed our answer.
 The case began trial on April 17, 2006, but was stayed in connection with
the bankruptcy proceedings discussed below.   20   e. On August 8, 2005, Paul Watson, a
former employee of the Company brought suit against the Company and Kevin
Griffith in the 4th Judicial District Court for Utah County, State of
Utah.  Mr. Watson brought claims for breach of contract, false light, and
wrongful discharge, and seeks back pay and loss of income.  The Company and
Mr. Griffith filed an answer and counterclaim against Mr. Watson, bringing
claims of defamation, intentional and negligent interference with prospective
economic relations, breach of fiduciary duty, breach of contract, conversion,
and unjust enrichment.  The Company and Mr. Griffith dispute the claims
brought by Mr. Watson and intend to vigorously pursue this action.  f. On or about February 21, 2006,
Presson Airport, LLC served an amended complaint asserting claims against Chief
Financial, Inc. and Internet Development, Inc., in the Third Judicial District
Court, State of Utah. Plaintiff seeks to recover approximately $46,000 for
unpaid rent plus continuing rent and other charges in the amount of $9,800 per
month based on allegations of breach of a lease and guaranty.  The Company
and its subsidiaries dispute this liability and intend to vigorously defend
these claims.  2. LITIGATION AGAINST INTERNET
DEVELOPMENT  The following actions, as well as item f above, were
filed against Internet Development.  As a result the Companys sale of
Internet Developments stock, the Company has been released for any potential
liability related to these actions.  On June 24, 2004, Independent Marketing, Inc. filed a
lawsuit in the Third District Court for Salt Lake County, State of Utah, against
Internet Development.  The allegations in the suit relate to the alleged
hiring of three employees who were bound by a non-competition agreement with
Independent Marketing, Inc.  However, we believe the three employees were
not hired by Internet Development, Inc., and intend to vigorously defend this
suit.  Due to the Companys sale of Internet Developments stock.  On April 16, 2008, the Creditors Committee in the
Chapter 11 Case filed a complaint against Internet Development, Inc.  in
the Chapter 11 Case, but it has not served a summons as of this time.  3. POSTPETITION LITIGATION RELATED TO THE
DEBTORS  As part of the Debtors Chapter 11 cases, the following
litigation occurred:  a. HG Marketing, Inc., and Mentoring of
America, Inc., vs. IDI Global, Inc., IDI Small Business, Inc., and Kevin
Griffith, District Court, Clark County, Nevada, Case No. A518002.
 Plaintiffs HG Marketing and Mentoring of America filed this lawsuit
claiming breach of contract, conversion, fraud, and constructive trust.
 The lawsuit relates to the asset purchase agreement between the parties
relating to the call center located in St. George, Utah.   This action
has been settled pursuant to An Agreement for Purchase and Sale of Assets and
for Settlement of Disputes dated March 16, 2007 (the Settlement and Sale
Agreement), with the Mentoring Parties.  The Settlement and Sale
Agreement, which has been approved by the Bankruptcy Court, provides for the
global resolution of all litigation between these Debtors and the Mentoring
Parties and the resolution of disputes and the sale of rights of the Debtors in
a call center located in St. George, Utah (the St. George Call Center).
 Pursuant to the Settlement and Sale Agreement, the Mentoring Parties paid
the IDI Debtors $508,909, in addition to other funds previously paid, in
settlement of disputes between the parties and for the purchase of the St.
George Call Center.  b. Internet Development v. IDI Global,
et al.  This has been dismissed as a result of the Companys sale of its
Internet Development stock.   21   c. Unsecured Creditors Committee v. ABD
Development et al.  In March of 2006, IDI Global or one of its affiliates
transferred $597,000 to ABD Development or one of its affiliates to develop an
infomercial to use to generate leads to be used on the sales and marketing floor
of the St. George Call Center.  IDI Global understood that these funds
would be used by ABD to develop an infomercial, and the remainder of the funds
were to be used to pay for the testing and tuning and the eventual medial time
to run the infomercial on television stations throughout the country.  Is
was anticipated that the leads to be generated by the infomercial would replace
the leads that Mentoring of America, LLC threatened to pull from the St. George
Call Center floor by no later than July 2006.  ABD continually delayed the
creation of the infomercial, and eventually IDI Global was informed that ABD had
run out of money, and would not test the infomercial.  In addition, ABD
sent invoices to IDI Global many months after services had been rendered
indicating that IDI Global in fact owed ABD an additional $83,400.  The
invoices are not representative of what was contracted to be accomplished.
 At the request of IDI Global, the Bankruptcy Court authorized the
Committee of Unsecured Creditors appointed in its Chapter 11 case to commence
legal action against ABD and its affiliates to attempt to recover the money
transferred to it.  On April 16, 2008, the Committee commenced an action
against ABD and others, including the Companys former subsidiary, Internet
Development.  IDI Global will cooperate in that litigation.  As part
of any such action, it is anticipated that the $83,400 claim asserted by ABD
will be disputed in full.  Filing of Bankruptcy under Chapter 11  On April 17, 2006, IDI Global, Inc., as well as two of
its wholly owned subsidiaries, IDI Small Business, Inc., and Chief Financial,
Inc., along with the wholly owned subsidiary of Chief Financial, Professional
Consulting Services, Inc., filed for bankruptcy protection in the United States
Bankruptcy Court for the District of Utah (the Bankruptcy Court).  (IDI
Global, Case No. 0621261; IDI Small Business, Case No. 0621266; Chief Financial,
Case No. 0621270; and PCS, Case No. 0621268.)  We anticipate that each
entity will remain as debtor in possession, subject to the jurisdiction of the
supervision and orders of the Bankruptcy Court.  Although the Company has endeavored to maximize
its value for the benefit of creditors and shareholders, as of the date of
this report, it was unknown whether the Company would be able to continue
as a going concern.  As of the date of this report, the Company was
entertaining offers from third parties for a potential merger and was
working to formulate a plan of reorganization, which will include its divestment
of certain assets.  However, there can be no guarantee that the
Company's negotiations will be successful or will enable the Company to continue
as a going concern.  On February 12, 2007, the "exclusivity
period" for the Debtors to file a plan of reorganization, as set forth in
section 1121 of title 11 of the United States Code, expired and, as a
result, any party in interest, including the Debtors, may file a plan of
reorganization in the Debtors' Chapter 11 Cases.  On February 2, 2007, the Bankruptcy Court entered an
order authorizing certain expenses of IDI Global, Chief, and PCS to be paid from
funds held by IDI Small Business.  Prior to this time, and as authorized by
the Bankruptcy Court, most expenses of the Debtors were being paid with funds
provided by Internet Development.  In October 2006, however, with the loss
of the sales call center, Internet Development informed the Debtors that it
would no longer have funds to pay any expenses or charges related to the Debtors
and Bankruptcy proceedings.  IDI Global has now sold the stock of Internet
Development.  ITEM 2.     UNREGISTERED SALES OF
EQUITY SECURITIES AND USE OF PROCEEDS  Sale of Unregistered Securities  None.   22   ITEM 3.
    DEFAULTS UPON SENIOR SECURITIES  IDI Global entered into a Term Credit Agreement (the
Agreement) on December 24, 2004 with Hong Kong League Central Credit Union, a
Hong Kong corporation, and SBI Advisors, LLC (SBI Advisors), a California
limited liability company.  Under this Agreement, IDI Global received a
term loan in the principal amount of $1,750,000, with interest of 2.0% per
month.  The loan was extended up to March 31, 2006, at which time IDI
Global did not make the required payment.  On April 17, 2006, IDI Global
filed a voluntary petition under Chapter 11 of the United States Bankruptcy
Code.  The filing of the Chapter 11 Case created an automatic stay that
enjoins and restrains certain acts and proceedings pertaining to the collection
of this loan pursuant to 11 U.S.C. § 362.   ITEM 5.     OTHER
INFORMATION  None   ITEM 6.     EXHIBITS    Exhibits    2.1 Agreement and Plan of Merger between
IDI Global and Sports Media International, Inc. and Integrated Communication
Systems, Inc., dated October 3, 2003 (Incorporated by reference to exhibit 2.1
for Form 8-K, filed October 15, 2003).  2.2 Agreement and Plan of Reorganization
between IDI Global and Chief Financial, Inc., dated January 8, 2004
(Incorporated by reference to exhibit 2.3 for Form 10-KSB, filed March 29,
2004).  3.1 Articles of Incorporation, as amended
(Incorporated by reference to exhibit 3.1 for Form 10-KSB, filed January 31,
2002)  3.2 Restated bylaws of IDI Global, Inc.
(Incorporated by reference to exhibit 3.2 for Form 10-KSB, filed January 31,
2002).  10.1 Lease Agreement between Internet
Development Inc. and Stratford Park, L.C., dated July 7, 2000 (Incorporated by
reference to exhibit 10.1 for Form 10-QSB, as amended, filed May 22, 2002).  10.2 Employment agreement between Internet
Development and Kevin R. Griffith, dated April 1, 2002 (Incorporated by
reference to exhibit 10.2 for Form 10-QSB, as amended, filed August 15,
2002).  10.3 Secured Convertible Promissory Note
between idiglobal.com and Kevin R. Griffith, as amended (Incorporated by
reference to exhibit 10.3 for Form 10-KSB, filed January 31, 2002).  10.4 Consultant Agreement between IDI
Global, Inc. and Summit Resource Group, Inc., dated July 31, 2002 (Incorporated
by reference to exhibit 10.2 for Form 10-QSB, as amended, filed August 15,
2002).  10.5 Stock Purchase Agreement by and
between IDI Global, Inc., and Solution X International, Inc., dated as of June
6, 2007.  31.1 Section 302 Certification  32.1 Section 1350 Certification    23   SIGNATURES  In accordance with the requirements of the Exchange Act,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.   IDI GLOBAL,
INC.    Date: December 19, 2008  By: /s/
Kevin R. Griffith Kevin R.
Griffith President, Chief Executive
Officer, Principal
Executive Officer      24