U.S. SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 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 September 30, 2007


[   ] TRANSITION REPORT PURSUANT TO SECTION
13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934

For the transition period from

Commission File No. 000-52503

Lexit Technology, Inc.
(Name of Small Business Issuer in its charter)

Colorado
-------------------
(State or other jurisdiction of
(I.R.S. employer
incorporation or formation)
identification number)

7486 La Jolla Blvd., Suite 479
La Jolla, CA 92037
(Address of principal executive offices) (Zip Code)

Issuer's telephone number:  877-565-0515
Issuer's facsimile number: 302-861-3738

3755 Avocado Blvd., #229
La Mesa, CA 91941
 (Former name, former address and former
fiscal year, if changed since last report)


Check whether the issuer (1) filed all reports required to
be filed by Section 13 or 15(d) of the Exchange Act
during the preceding 12 months (or for such shorter
period that the issuer was required to file such reports),
and (2) has been subject to such filing requirements for
the past 90 days. Yes [X] No [   ]

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

State the number of shares outstanding of each of the
issuer's classes of common equity, as of September 30,
2007: 1,390,000 shares of common stock.





LEXIT TECHNOLOGY, INC.

FINANCIAL STATEMENTS
(Unaudited)

September 30, 2007


LEXIT TECHNOLOGY, INC.
(A Development Stage Enterprise)
INDEX TO INTERIM AND UNAUDITED FINANCIAL
STATEMENTS
September 30, 2007
(Unaudited)


Page


Financial Statements



Balance Sheet
F-1


Statements of Operations
F-2


Statements of Stockholder's Equity
F-3


Statements of Cash Flows
F-4




Notes to Financial Statements
F-5 -
F-6























LEXIT TECHNOLOGY, INC.
(A Development Stage Enterprise)
INTERIM AND UNAUDITED BALANCE SHEET
SEPTEMBER 30, 2007



September
30, 2007



(Unaudited)





ASSETS









 Total assets

$
-






LIABILITIES AND
STOCKHOLDER'S EQUITY









Commitment and contingencies

$
-






Stockholder's equity


-

Preferred stock, $.001 par value,




 authorized 20,000,000 shares, none
issued




Common stock, $.001 par value,




 authorized 100,000,000 shares,


1,390

 1,390,000 issued and outstanding




Additional paid in capital


-

Deficit accumulated during the
development stage


(1390)






 Total stockholder's equity









 Total liabilities and stockholder's
equity


-








$
-


The accompanying notes are an integral part of these
financial statements

F-1













LEXIT TECHNOLOGY, INC.
(A Development Stage Enterprise)
INTERIM AND UNAUDITED STATEMENTS OF
OPERATIONS
(Unaudited)

 Income

For the
three months
ended
September
30, 2007

          For the period
              February 16,
2007
             (Inception)
through
              September 30,
2007







Revenue

$
-

$
-

Expenses

$
-

$
  -

General and Administrative


-

$
1,390

Total Expenses

$
-

$
  ($1,390)

Net Loss





(1390)

Net loss per share (basic and
diluted)

$


$
 (.00)

Weighted average shares
outstanding (basic and diluted)


1,390,000


1,390,000


The accompanying notes are an integral part of these
financial statements

F-2



LEXIT TECHNOLOGY, INC.
(A Development Stage Enterprise)
INTERIM AND UNAUDITED STATEMENTS OF
CHANGES IN STOCKHOLDER'S EQUITY
For the period from February 16, 2007 (Inception) to
September 30, 2007
(Unaudited)

, ,  ,  , Additional Paid-in Capital , Deficit accumulated , Total
, , Common Stock , , ,
, , Shares , Amount , , ,
Issuance of Common Stock , , , , , , ,
Balance February 16, 2007, , 0, 0, 0, 0, , 0
Shares issued in Lieu of expenses paid, February 16, 2007
, , 1,390,000, $1,390.00, $0.00, $0.00, , $1,390.00
, , , , , , ,
Net Loss , , , , , ($1,390.00), , ($1,390.00)
Balance  September 30, 2007, , , , , , ,
, , 1,390,000, $1,390.00, $0.00, ($1,390.00), , 0.00
, , , , , , ,
 	Additional Paid-in
Capital  Deficit accumulated 	Total

						The
accompanying notes are an integral part of these financial
statements

F-3


LEXIT TECHNOLOGY, INC.
(A Development Stage Enterprise)
INTERIM AND UNAUDITED STATEMENTS OF
CASH FLOWS
(Unaudited)



For the
period
February
16, 2007
(Inception)
through
September
30, 2007





Cash flows from operating activities




Net Loss

$
(1,390)

Shares issued in lieu of expenses
paid


1390






 Cash flows used in operating
activities


-0-






Net increase in cash


-






Cash, beginning of period


-






Cash, end of period

$
-






SUPPLEMENTAL DISCLOSURE
OF CASH FLOW INFORMATION:




Cash paid during the period for:




Interest


-

Income taxes


-



The accompanying notes are an integral part of these
financial statements




F-4










LEXIT TECHNOLOGY, INC.
(A Development Stage Enterprise)
NOTES TO INTERIM AND UNAUDITED
FINANCIAL STATEMENTS
September 30, 2007

NOTE 1 - Organization and Significant Accounting
Policies

Nature of Operations

Lexit Technology, Inc. ("the Company") was
incorporated in the State of Colorado on February 16,
2007 and has been inactive since inception.  The company
intends to serve as a vehicle to effect an asset acquisition,
merger, exchange of capital stock or other business
combination with a domestic or foreign business. It is
currently in its development stage.

As a blank check company, the Company's business is to
pursue a business combination through acquisition, or
merger with, an existing company.  The Company has
subsequently entered into an asset purchase agreement
which is referenced in Note 5.

Since inception, the Company has been engaged in
organizational efforts.

General

The accompanying unaudited financial statements include
all adjustments of a normal and recurring nature, which,
in the opinion of Company's management, are necessary
to present fairly the Company's financial position as of
September 30, 2007, the results of its operations for the
three months ended September 30, 2007, and from the
date of inception (February 16, 2007) through September
30, 2007, and cash flows and from the date of inception
(February 16, 2007) through September 30, 2007.

Certain information and footnote disclosures normally
included in financial statements prepared in accordance
with generally accepted accounting principles have been
omitted pursuant to the rules and regulations of the
Securities and Exchange Commission.

The results of operations and cash flows for the three
months ended September 30, 2007 are not necessarily
indicative of the results to be expected for the full year's
operation.

NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES

BASIS OF PRESENTATION - DEVELOPMENT
STAGE COMPANY

The Company has not earned any revenue from
operations. Accordingly, the Company's activities have
been accounted for as those of a "Development Stage
Enterprise" as set forth in Financial Accounting Standards
Board Statement No. 7 ("SFAS 7"). Among the
disclosures required by SFAS 7 are that the Company's
financial statements be identified as those of a
development stage company, and that the statements of
operations, stockholders' equity and cash flows disclose
activity since the date of the Company's inception.

ACCOUNTING METHOD

The Company's financial statements are prepared using
the accrual method of accounting. The Company has
elected a fiscal year ending on December 31.

BASIC EARNINGS (LOSS) PER SHARE

In February 1997, the FASB issued SFAS No. 128,
"Earnings Per Share", which specifies the computation,
presentation and disclosure requirements for earnings
(loss) per share for entities with publicly held common
stock. SFAS No. 128 supersedes the provisions of APB
No. 15, and requires the presentation of basic earnings
(loss) per share and diluted earnings (loss) per share. The
Company has adopted the provisions of SFAS No. 128.

Basic net loss per share amounts is computed by dividing
the net income by the weighted average number of
common shares outstanding. Diluted earnings per share
are the same as basic earnings per share due to the lack of
dilutive items in the Company.

IMPACT OF NEW ACCOUNTING STANDARDS

The Company does not expect the adoption of recently
issued accounting pronouncements to have a significant
impact on the Company's results of operations, financial
position, or cash flow.

NOTE 3 - GOING CONCERN

The Company's financial statements have been presented
on the basis that it is a going concern in the development
stage, which contemplates the realization of assets and the
satisfaction of liabilities in the normal course of business.
As of the date of these financial statements, the Company
has made no efforts to identify a possible business
combination.

The Company's shareholder shall fund the Company's
activities while the Company takes steps to locate and
negotiate with a business entity through acquisition, or
merger with, an existing company; however, there can be
no assurance these activities will be successful.

NOTE 4 -  SHAREHOLDER'S EQUITY

On February 16, 2007, the Board of Directors issued
1,390,000 shares of common stock for $1,390 in lieu of
expenses paid to the founding shareholder of the
Company to fund organizational start-up costs.

The stockholders' equity section of the Company contains
the following classes of capital stock as of September 30,
2007:

   -   Common stock, $ 0.001 par value: 100,000,000
shares authorized;
       1,390,000 shares issued and outstanding;

   -   Preferred stock, $ 0.001 par value: 20,000,000 shares
authorized; but
       not issued and outstanding.

NOTE 5 - CHANGE IN CONTROL and SUBSEQUENT
EVENT

On August 22, 2007, AL Kennedy purchased 1,390,000
shares of common stock from Walter Reed, the sole
shareholder, officer and director of the Company, in a
private purchase transaction.

Effective September 25, 2007, Walter Reed resigned as an
Officer and Director of the Company and AL Kennedy
was appointed as the Company's sole Director on
September 25, 2007.
				~continued~

F-5






On November 6, 2007, the Company entered into an
Asset Purchase Agreement with SmartWear
Technologies,  Inc., to purchase substantially all of the
properties, rights, patents, trademarks and assets used by
SmartWear Technologies, Inc. in conducting its business
of providing (i) RFID and GPS personal safety and
security technology and (ii) information technology
security, tracking and data solutions to various businesses
and consumers.

The purchase price for the SmartWear Technologies, Inc.
assets shall be a number of shares of the Registrant's
common stock which will be equal to the number of
shares of SmartWear Technologies, Inc. common stock
outstanding at the time of closing.  In addition,
SmartWear Technologies, Inc. has agreed to pay the
Registrant's sole shareholder a total of $5,000 in
exchange for his agreement to surrender all of his shares
of the Registrant's common stock for cancellation at the
time of closing.  As a result of these transactions (the
"Transactions"), the shares of the Registrant's common
stock issued to SmartWear Technologies, Inc. will
represent 100% of the Registrant's outstanding common
stock after the completion of the Transactions.

The closing of the Transactions is scheduled to take place
within five (5) days after the date when each of the
conditions to closing set forth in the Purchase Agreement
have been fulfilled (or waived by the party entitled to
waive such condition), including, among others, the
approval of the sale of assets by the stockholders
of SmartWear Technologies, Inc., and the effectiveness of
a Registration Statement on Form S-4 which will be filed
with the Securities and Exchange Commission to register
the shares being issued to SmartWear Technologies, Inc.

The existing sole officer and director of the Registrant
will resign upon the closing of the Transactions and a new
management team and new Board of Directors consisting
of individuals to be designated by SmartWear
Technologies, Inc. will be appointed.

Item 2. Management's Discussion and Analysis of
Financial Conditions and Results of Operations Plan of
Operation

On November 6, 2007, the Company entered into an
Asset Purchase Agreement with SmartWear
Technologies,  Inc., to purchase substantially all of the
properties, rights, patents, trademarks and assets used by
SmartWear Technologies, Inc. in conducting its business
of providing (i) RFID and GPS personal safety and
security technology and (ii) information technology
security, tracking and data solutions to various businesses
and consumers.

The purchase price for the SmartWear Technologies, Inc.
assets shall be a number of shares of the Registrant's
common stock which will be equal to the number of
shares of SmartWear Technologies, Inc. common stock
outstanding at the time of closing.  In addition,
SmartWear Technologies, Inc. has agreed to pay the
Registrant's sole shareholder a total of $5,000 in
exchange for his agreement to surrender all of his shares
of the Registrant's common stock for cancellation at the
time of closing.  As a result of these transactions (the
"Transactions"), the shares of the Registrant's common
stock issued to SmartWear Technologies, Inc. will
represent 100% of the Registrant's outstanding common
stock after the completion of the Transactions.

The closing of the Transactions is scheduled to take place
within five (5) days after the date when each of the
conditions to closing set forth in the Purchase Agreement
have been fulfilled (or waived by the party entitled to
waive such condition), including, among others, the
approval of the sale of assets by the stockholders
of SmartWear Technologies, Inc., and the effectiveness of
a Registration Statement on Form S-4 which will be filed
with the Securities and Exchange Commission to register
the shares being issued to SmartWear Technologies, Inc.

The existing sole officer and director of the Registrant
will resign upon the closing of the Transactions and a new
management team and new Board of Directors consisting
of individuals to be designated by SmartWear
Technologies, Inc. will be appointed.

If the Transactions are not completed, the Company will
attempt to locate and negotiate with a business entity for
the combination of that target company with the
Company. The combination will normally take the form
of a merger, stock-for-stock exchange or stock-for- assets
exchange (the "business combination"). In most instances
the target company will wish to structure the business
combination to be within the definition of a tax-free
reorganization under Section 351 or Section 368 of the
Internal Revenue Code of 1986, as amended. No
assurances can be given that the Company will be
successful in locating or negotiating with any target
business.

The Company has not restricted its search for any specific
kind of businesses, and it may acquire a business which is
in its preliminary or development stage, which is already
in operation, or in essentially any stage of its business life.
It is impossible to predict the status of any business in
which the Company may become engaged, in that such
business may need to seek additional capital, may desire
to have its shares publicly traded, or may seek other
perceived advantages which the Company may offer.

In implementing a structure for a particular business
acquisition, the Company may become a party to a
merger, consolidation, reorganization, joint venture, or
licensing agreement with another corporation or entity.

It is anticipated that any securities issued in any such
business combination would be issued in reliance upon
exemption from registration under applicable federal and
state securities laws. In some circumstances, however, as
a negotiated element of its transaction, the Company may
agree to register all or a part of such securities
immediately after the transaction is consummated or at
specified times thereafter. If such registration occurs, it
will be undertaken by the surviving entity after the
Company has entered into an agreement for a business
combination or has consummated a business combination.
The issuance of additional securities and their potential
sale into any trading market which may develop in the
Company's securities may depress the market value of the
Company's securities in the future if such a market
develops, of which there is no assurance. However, if the
Company cannot effect a non-cash acquisition, the
Company may have to raise funds from a private offering
of its securities under Rule 506 of Regulation D. There is
no assurance the Company would obtain any such equity
funding.

The Company will participate in a business combination
only after the negotiation and execution of appropriate
agreements. Negotiations with a target company will
likely focus on the percentage of the Company which the
target company shareholders would acquire in exchange
for their shareholdings.
Although the terms of such agreements cannot be
predicted, generally such agreements will require certain
representations and warranties of the parties thereto, will
specify certain events of default, will detail the terms of
closing and the conditions which must be satisfied by the
parties prior to and after such closing and will include
miscellaneous other terms. Any merger or acquisition
effected by the Company can be expected to have a
significant dilutive effect on the percentage of shares held
by the Company's shareholders at such time.

Results of Operation

The Company has not conducted any active operations
since inception, except for its efforts to locate suitable
acquisition candidates. No revenue has been generated by
the Company from February 16, 2007 (inception) to
September 30, 2007. It is unlikely the Company will have
any revenues unless it is able to effect an acquisition or
merger with an operating company, of which there can be
no assurance.

Liquidity and Capital Resources

At September 30, 2007,  the Company had no capital
resources and will rely upon the issuance of common
stock and additional capital contributions from
shareholders to fund administrative expenses pending
acquisition of an operating company.
Management anticipates seeking out a target company
through solicitation. Such solicitation may include
newspaper or magazine advertisements, mailings and
other distributions to law firms, accounting firms,
investment bankers, financial advisors and similar
persons, the use of one or more World Wide Web sites
and similar methods. No estimate can be made as to the
number of persons who will be contacted or solicited.
Management may engage in such solicitation directly or
may employ one or more other entities to conduct or
assist in such solicitation. Management and its affiliates
will pay referral fees to consultants and others who refer
target businesses for mergers into public companies in
which management and its affiliates have an interest.
Payments are made if a business combination occurs, and
may consist of cash or a portion of the stock in the
Company retained by management and its affiliates, or
both.

The Company and or shareholders will supervise the
search for target companies as potential candidates for a
business combination. The Company and or shareholders
may pay as their own expenses any costs incurred in
supervising the search for a target company. The
Company and or shareholders may enter into agreements
with other consultants to assist in locating a target
company and may share stock received by it or cash
resulting from the sale of its securities with such other
consultants.

Item 3. Controls and Procedures

(a) Evaluation of disclosure controls and
procedures.

The management of the Company, including the principal
executive and financial officer, conducted an evaluation
of the effectiveness of the design and operation of our
disclosure controls and procedures as defined in
Exchange Act Rule 13a-15(e) and 15d-15(e) as of
September 30, 2007. Based on that evaluation, the
principal executive and financial officer concluded that as
of September 30, 2007, our disclosure controls and
procedures were effective at the reasonable assurance
level to ensure (i) that information required to be
disclosed by us in the reports we file or submit under the
Exchange Act is recorded, processed, summarized and
reported within the time periods specified in the SEC's
rules and forms and (ii) that information required to be
disclosed in reports that we file or submit under the
Exchange Act is accumulated and communicated to our
management including our chief executive and financial
officer, to allow timely decisions regarding required
disclosure. No change in our internal control over
financial reporting (as defined in Rules 13a-15(f) and
15d-15(f) under the Exchange Act) occurred during the
fiscal quarter ended September 30, 2007 that has
materially affected, or is reasonably likely to materially
affect, the Company's internal control over financial
reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

The Company is currently not a party to any pending legal
proceedings and no such action by or to the best of its
knowledge, against the Company has been threatened.

Item 2. Changes in Securities.

       None

Item 3. Defaults Upon Senior Securities.

       None

Item 4. Submission of Matters to a Vote of
Security Holders.
No matter was submitted during the quarter ending
September 30, 2007, covered by this report to a vote of
the Company's shareholders, through the solicitation of
proxies or otherwise.

Item 5. Other Information.

       None

Item 6. Exhibits and Reports of Form 8-K.

       (a) Exhibits

*3.1

Certificate of Incorporation, as filed with the
Colorado Secretary of State on February 16, 2007.



*3.2

By-Laws



31.1

 Certification pursuant to Section 302 of Sarbanes
Oxley Act of 2002



32.1

 Certification pursuant to Section 906 of Sarbanes
Oxley Act of 2002

* Filed as an exhibit to the Company's Registration
Statement on Form 10-SB, as filed with the Securities and
Exchange Commission on March 24, 2007, and
incorporated herein by this reference.

       (b) Reports of Form 8-K

       None

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange
Act, the registrant caused this report to be signed on its
behalf by the undersigned, there unto duly authorized.

Dated: November 11, 2007
Lexit Technology, Inc.
By: /s/ A L Kennedy
President






















Exhibit 31.1

CERTIFICATION OF
CHIEF EXECUTIVE OFFICER AND
CHIEF FINANCIAL OFFICER
PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002


I, A L Kennedy, certify that:

1 I have reviewed this Form 10-QSB of Lexit
Technology, Inc. (the "Company");

2. Based on my knowledge, this report does not
contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements
made, in light of the circumstances under which such
statements were made, not misleading with respect to the
period covered by this report;

3. Based on my knowledge, the financial
statements, and other financial information included in
this report, fairly present in all material respects the
financial condition, results of operations and cash flows
of the small business issuer as of, and for, the periods
present in this report;

4. The small business issuers other certifying
officer(s) and I are responsible for establishing and
maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e))
and internal control over financial reporting (as defined in
Exchange Act Rules 13-a-15(f) and 15d-15(f)) for the
small business issuer and have:

       (a) Designed such disclosure controls and
procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to
ensure that material information relating to the small
business issuer, including its consolidated subsidiaries, is
made known to us by others within those entities,
particularly during the period in which this report is being
prepared;

       (b) Designed such internal control over
financial reporting, or caused such internal control over
financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial
statements for external purposes in accordance with
generally accepted accounting principals;

       (c) Evaluated the effectiveness of the
small business issuer's disclosure controls and procedures
and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as
of the end of the period covered by this report based on
such evaluation; and

       (d) Disclosed in this report any change in
the small business issuer's internal control over financing
reporting that occurred during the small business issuer's
most recent fiscal quarter (the small business issuer's
fourth fiscal quarter in the case of an annual report) that
has materially affected, or is reasonably likely to
materially affect, the small business issuer's internal
control over financial reporting; and

5. The small business issuer's other certifying
officer(s) and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to
the small business issuer's auditors and the audit
committee of the small business issuer's board of directors
(or persons performing the equivalent functions):
       (a) All significant deficiencies and
material weaknesses in the design or operation of internal
control over financial reporting which are reasonable
likely to adversely affect the small business issuer's ability
to record, process, summarize and report financial
information; and

       (b) Any fraud, whether or not material,
that involved management or other employees who have a
significant rile in the small business issuer's internal
control over financial reporting.


Dated: November 11, 2007

Lexit Technology, Inc.

By: /s/ A L Kennedy
Chief Executive Officer and
Chief Financial Officer

































Exhibit 32.1


CERTIFICATION OF CHIEF EXECUTIVE OFFICER
AND CHIEF FINANCIAL OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350

In connection with the accompanying Quarterly Report
On Form 10-QSB of Lexit Technology, Inc. (the
"Company") for the quarter ending September 30, 2007,
I, A L Kennedy, Chief Executive Officer and Chief
Financial Officer of the Company hereby certify pursuant
to 18 U.S.C. Section 1350, as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002, to the best of my
knowledge and belief, that:

       1. Such Quarterly Report on Form 10-QSB for
the quarter ending September 30, 2007, fully complies
with the requirements of section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and

       2. The information contained in such Quarterly
Report on Form 10-QSB for the quarter ending September
30, 2007, fairly presents, in all material respects, the
financial condition and results of operations of the
Company.

Dated: November 11, 2007

Lexit Technology, Inc.

By: /s/ A L Kennedy
Chief Executive Officer and
Chief Financial Officer