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**U.S.      SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

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**FORM      10-QSB**

| ý | QUARTERLY                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF 1934 |
|--------|-----------------------------------------------------------------------------------------------------------------|

**For      the quarterly period ended December 31, 2006**

| **o** | TRANSITION                  REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE                  ACT |
|-------|---------------------------------------------------------------------------------------------------|

**Commission      File Number: 0-21419**

**clickNsettle.com,      Inc. **

**(Exact      Name of Small Business Issuer as Specified in Its Charter)**

| **Delaware**                                     |   | **23-2753988**                     |
|--------------------------------------------------|--------|------------------------------------|
| (State                or Other Jurisdiction      |   | (I.R.S.                Employer    |
| of                Incorporation or Organization) |   | Identification                No.) |

**990      Stewart Avenue, First Floor**

**GARDEN      CITY, NEW YORK 11530**
** **

**(Address      of Principal Executive Offices)**

**(516)      794-8950 **

**(Issuer’s      Telephone Number, Including Area Code)**

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| PART                I. FINANCIAL INFORMATION                                                                                                             |   |   | Page   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                                                                                     |   |   |   |   |
| ITEM                1. FINANCIAL STATEMENTS                                                                                                              |   |   |   |   |
|                                                                                                                                                     |   |   |   |   |
| Balance                Sheets at December 31, 2006 (unaudited) and June 30, 2006                                                                         |   |   | 3      |   |
|                                                                                                                                                     |   |   |   |   |
| Statements                of Operations for the three and six month periods ended December                31, 2006                and 2005 (unaudited)   |   |   | 4      |   |
|                                                                                                                                                     |   |   |   |   |
| Statements                of Changes in Stockholders’ Equity for the six month periods ended                December 31, 2006 and 2005 (unaudited) |   |   | 5      |   |
|                                                                                                                                                     |   |   |   |   |
| Statements                of Cash Flows for the six month periods ended December 31, 2006 and                2005                (unaudited)             |   |   | 6      |   |
|                                                                                                                                                     |   |   |   |   |
| Notes                to Financial Statements                                                                                                             |   |   | 7      |   |
|                                                                                                                                                     |   |   |   |   |
| ITEM                2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND                RESULTS                OF OPERATIONS               |   |   | 8      |   |
|                                                                                                                                                     |   |   |   |   |
| ITEM                3. CONTROLS AND PROCEDURES                                                                                                           |   |   | 13     |   |
|                                                                                                                                                     |   |   |   |   |
| PART                II. OTHER INFORMATION                                                                                                                |   |   |   |   |
|                                                                                                                                                     |   |   |   |   |
| ITEM                1. LEGAL PROCEEDINGS                                                                                                                 |   |   | 14     |   |
|                                                                                                                                                     |   |   |   |   |
| ITEM                2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                                                                       |   |   | 14     |   |
|                                                                                                                                                     |   |   |   |   |
| ITEM                3. DEFAULTS UPON SENIOR SECURITIES                                                                                                   |   |   | 14     |   |
|                                                                                                                                                     |   |   |   |   |
| ITEM                4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                                          |   |   | 14     |   |
|                                                                                                                                                     |   |   |   |   |
| ITEM                5. OTHER INFORMATION                                                                                                                 |   |   | 14     |   |
|                                                                                                                                                     |   |   |   |   |
| ITEM                6. EXHIBITS                                                                                                                          |   |   | 14     |   |
|                                                                                                                                                     |   |   |   |   |
| SIGNATURES                                                                                                                                               |   |   | 15     |   |

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|                                                                                                                                            |   | December                  31, |            | June                  30,          |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|-----------------|------------------------------------|--------|
|                                                                                                                                            |   | 2006                          |            | 2006                               |   |
|                                                                                                                                            |   |                          |            | (derived                  from     |   |
|                                                                                                                                            |   |                          |            | audited                  financial |   |
|                                                                                                                                            |   |                          |            | statements)                        |   |
| ASSETS                                                                                                                                          |   |                          |            |                               |   |   |   |
|                                                                                                                                            |   |                          |            |                               |   |   |   |
| CURRENT                  ASSETS                                                                                                                 |   |                          |            |                               |   |   |   |
| Cash                  and cash equivalents                                                                                                      |   | **$**                         | **97,177**      |                               | $      | 129,220 |   |
| Prepaid                  expenses and other current assets                                                                                      |   |                          | **4,992**       |                               |   | 12,278 |   |
|                                                                                                                                            |   |                          |            |                               |   |   |   |
|                                                                                                                                            |   | **$**                         | **102,169**     |                               | $      | 141,498 |   |
|                                                                                                                                            |   |                          |            |                               |   |   |   |
|                                                                                                                                            |   |                          |            |                               |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY                                                                                           |   |                          |            |                               |   |   |   |
|                                                                                                                                            |   |                          |            |                               |   |   |   |
| CURRENT                  LIABILITIES                                                                                                            |   |                          |                 |                               |   |   |   |
| Accounts                  payable                                                                                                               |   | **$**                         | **550**         |                               | $      | 8,073 |   |
| Accrued                  expenses and other liabilities                                                                                         |   |                          | **15,750**      |                               |   | 16,500 |   |
|                                                                                                                                            |   |                          |            |                               |   |   |   |
| Total                  current liabilities                                                                                                      |   |                          | **16,300**      |                               |   | 24,573 |   |
|                                                                                                                                            |   |                          |            |                               |   |   |   |
| COMMITMENTS                  AND CONTINGENCIES (See Notes)                                                                                      |   |                          |            |                               |   |   |   |
|                                                                                                                                            |   |                          |            |                               |   |   |   |
| STOCKHOLDERS'                  EQUITY                                                                                                           |   |                          |            |                               |   |   |   |
| Preferred                  stock - $.001 par value; 5,000,000 shares authorized; 0                  shares issued                               |   |                          |            |                               |   |   |   |
| Common                    stock - $.001 par value; 25,000,000 shares authorized; 10,181,704                    shares                    issued |   |                          | **10,182**      |                               |   | 10,182 |   |
| Additional                  paid-in capital                                                                                                     |   |                          | **10,224,557**  |                               |   | 10,212,757 |   |
| Accumulated                  deficit                                                                                                            |   |                          | **(10,064,952** | **)**                              |   | (10,022,096 | ) |
| Common                  stock in treasury at cost, 252,492 shares                                                                               |   |                          | **(83,918**     | **)**                              |   | (83,918 | ) |
|                                                                                                                                            |   |                          |            |                               |   |   |   |
| Total                  stockholders' equity                                                                                                     |   |                          | **85,869**      |                               |   | 116,925 |   |
|                                                                                                                                            |   |                          |            |                               |   |   |   |
|                                                                                                                                            |   | **$**                         | **102,169**     |                               | $      | 141,498 |   |

*The          accompanying notes are an integral part of these          statements.*

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|                                                                     |   | Three                  months ended December 31, |          | Six                  months ended December 31, |   |
|--------------------------------------------------------------------------|--------|--------------------------------------------------|---------------|------------------------------------------------|--------|
|                                                                     |   | **2006**                                         |          | 2005                                           |   | **2006** |   | 2005 |   |
|                                                                     |   |                                             |          |                                           |   |   |   |   |   |
| Net                  revenues                                            |   |                                             | **-**         |                                           |   | - |   |   | **-** |   |   | - |   |
|                                                                     |   |                                             |          |                                           |   |   |   |   |   |   |   |   |   |
| General                  and administrative expenses                     |   | **$**                                            | **18,723**    |                                           |   | 21,924 |   | **$** | **45,115** |   | $ | 62,777 |   |
|                                                                     |   |                                             |          |                                           |   |   |   |   |   |   |   |   |   |
| Interest                  income, net                                    |   |                                             | **941**       |                                           |   | 1,199 |   |   | **2,259** |   |   | 2,597 |   |
|                                                                     |   |                                             |          |                                           |   |   |   |   |   |   |   |   |   |
| NET                  LOSS                                                |   | **$**                                            | **(17,782**   | **)**                                          | $      | (20,725 | ) | **$** | **(42,856** | **)** | $ | (60,180 | ) |
|                                                                     |   |                                             |          |                                           |   |   |   |   |   |   |   |   |   |
| Net                  loss per common share - basic and diluted           |   | **$**                                            | **(0.00**     | **)**                                          | $      | (0.00 | ) | **$** | **(0.00** | **)** | $ | (0.01 | ) |
|                                                                     |   |                                             |          |                                           |   |   |   |   |   |   |   |   |   |
| Weighted-average                  shares outstanding - basic and diluted |   |                                             | **9,929,212** |                                           |   | 9,929,056 |   |   | **9,929,212** |   |   | 9,929,056 |   |

*The          accompanying notes are an integral part of these statements.*

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**STATEMENTS        OF CHANGES IN STOCKHOLDERS' EQUITY **

|                                                                                                        |   |                          |           |    |   | Additional   |   |                      |           | Common        |   | Total           |   |
|-------------------------------------------------------------------------------------------------------------|--------|-------------------------------|----------------|---------|--------|--------------|--------|---------------------------|----------------|---------------|--------|-----------------|--------|
|                                                                                                        |   | Common                  stock |           | paid-in |   | Accumulated  |   | stock                  in |           | stockholders' |   |
|                                                                                                        |   | Shares                        |           | Amount  |   | capital      |   | deficit                   |           | treasury      |   | equity          |   |
| Balances                  at July 1, 2005                                                                   |   |                          | 10,181,554     |    | $      | 10,182       |   | $                         | 10,179,757     |          | $      | (9,929,292      | )      | $ | (83,918 | ) | $ | 176,729 |   |
| Imputed                  contribution to capital for accounting services provided by                  Buyer |   |                          |           |    |   |         |   |                      | 25,000         |          |   |            |   |   |   |   |   | 25,000 |   |
| Net                  loss                                                                                   |   |                          |           |    |   |         |   |                      |           |          |   | (60,180         | )      |   |   |   |   | (60,180 | ) |
|                                                                                                        |   |                          |      |    |   |    |   |                      |      |          |   |       |   |   |    |   |   |    |   |
| Balances                  at December 31, 2005                                                              |   |                          | 10,181,554     |    | $      | 10,182       |   | $                         | 10,204,757     |          | $      | (9,989,472      | )      | $ | (83,918 | ) | $ | 141,549 |   |
|                                                                                                        |   |                          |           |    |   |         |   |                      |           |          |   |            |   |   |   |   |   |   |   |
| Balances                  at July 1, 2006                                                                   |   |                          | 10,181,554     |    | $      | 10,182       |   | $                         | 10,212,757     |          | $      | (10,022,096     | )      | $ | (83,918 | ) | $ | 116,925 |   |
| Increase                  in shares issued due to reconciliation with transfer agent                        |   |                          | 150            |    |   |         |   |                      |           |          |   |            |   |   |   |   |   |   |   |
| Imputed                  contribution to capital for accounting services provided by                  Buyer |   |                          |           |    |   |         |   |                      | 11,800         |          |   |            |   |   |   |   |   | 11,800 |   |
| Net                  loss                                                                                   |   |                          |           |    |   |         |   |                      |           |          |   | (42,856         | )      |   |   |   |   | (42,856 | ) |
|                                                                                                        |   |                          |      |    |   |    |   |                      |      |          |   |       |   |   |    |   |   |    |   |
| **Balances                  at December 31, 2006**                                                          |   |                          | **10,181,704** |    | **$**  | **10,182**   |   | **$**                     | **10,224,557** |          | **$**  | **(10,064,952** | **)**  | **$** | **(83,918** | **)** | **$** | **85,869** |   |

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|                                                                                                     |   | **2006** |        | 2005   |   |
|----------------------------------------------------------------------------------------------------------|--------|----------|-------------|--------|--------|
|                                                                                                     |   |     |        |   |   |
| Cash                flows from operating activities                                                      |   |     |        |   |   |   |   |
| Net                loss                                                                                  |   | **$**    | **(42,856** | **)**  | $      | (60,180 | ) |
| Adjustments                to reconcile net loss to net cash used in operating activities                |   |     |        |   |   |   |   |
| Imputed                contribution to capital for accounting services provided by                Buyer  |   |     | **11,800**  |   |   | 25,000 |   |
| Changes                in operating assets and liabilities                                               |   |     |        |   |   |   |   |
| Decrease                in prepaid expenses and other current assets                                     |   |     | **7,286**   |   |   | 4,796 |   |
| (Decrease)                in amount due to related party buyer of discontinued                operations |   |     | **-**       |   |   | (614,891 | ) |
| (Decrease)                in accounts payable, accrued expenses and other liabilities                    |   |     | **(8,273**  | **)**  |   | (72,285 | ) |
| Net                cash used in operating activities                                                     |   |     | **(32,043** | **)**  |   | (717,560 | ) |
|                                                                                                     |   |     |        |   |   |   |   |
| Cash                flows from investing activities                                                      |   |     |        |   |   |   |   |
| Net                cash provided by investing activities                                                 |   |     | **-**       |   |   | - |   |
|                                                                                                     |   |     |        |   |   |   |   |
| Cash                flows from financing activities                                                      |   |     |        |   |   |   |   |
| Net                cash provided by financing activities                                                 |   |     | **-**       |   |   | - |   |
|                                                                                                     |   |     |        |   |   |   |   |
| NET                DECREASE IN CASH AND CASH EQUIVALENTS                                                 |   |     | **(32,043** | **)**  |   | (717,560 | ) |
|                                                                                                     |   |     |        |   |   |   |   |
| Cash                and cash equivalents at beginning of period                                          |   |     | **129,220** |   |   | 870,684 |   |
|                                                                                                     |   |     |        |   |   |   |   |
| Cash                and cash equivalents at end of period                                                |   | **$**    | **97,177**  |   | $      | 153,124 |   |

*The        accompanying notes are an integral part of these        statements.*

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*** ***

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| Item              2. | **MANAGEMENT'S                DISCUSSION AND ANALYSIS** **OF                FINANCIAL ****CONDITION                AND RESULTS OF OPERATIONS** |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

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**RISK      FACTORS **

*We*
*      face      risks. These risks include those described below and may include additional      risks of which we are not currently aware or which we currently do not believe      are material. If any of the events or circumstances described in the following      risks actually occur, our financial condition or results of operations could      be      adversely affected. These risks should be read in conjunction with the other      information set forth in this report. *

**We      do Not have an Operating Business and if the Company Acquires a New Business,      the Shareholders will Suffer Significant Dilution**

**We      have No Revenues but we Continue to have Costs and Expenses and we have Going      Concern Considerations**

**Our      Current Stockholders Have the Ability to Exert Significant Control**

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**Our      Common Stock is Traded on the NASD OTC Electronic Bulletin Board and is subject      to the Penny Stock Rules**

**RESULTS      OF OPERATIONS**

**Overview**

**Selection      of a Business**

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**Acquisition      of a Business**

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**Liquidity      and Capital Resources**

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| Item                3. | **CONTROLS                  AND PROCEDURES** |
|------------------------|----------------------------------------------|

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**PART      II **

**OTHER      INFORMATION**

| Item                1. |   | Legal                Proceedings.                                          |
|------------------------|--------|----------------------------------------------------------------------------|
|                   |   | None.                                                                      |
|                   |   |                                                                       |
| Item                2. |   | Unregistered                Sales of Equity Securities and Use of Proceeds |
|                   |   | None.                                                                      |
|                   |   |                                                                       |
| Item                3. |   | Defaults                upon Senior Securities                             |
|                   |   | None.                                                                      |
|                   |   |                                                                       |
| Item                4. |   | Submission                of Matters to a Vote of Security Holders         |
|                   |   | None.                                                                      |
|                   |   |                                                                       |
| Item                5. |   | Other                Information.                                          |
|                   |   | None.                                                                      |
|                   |   |                                                                       |
| Item                6. |   | Exhibits                and Reports on Form 8-K.                           |

| **Exhibit****Number**  |   | **Description              of Document**                                                      |
|------------------------|--------|-----------------------------------------------------------------------------------------------|
| 3.1                (a) |   | Certificate                of Incorporation, as amended (1)                                   |
| 3.1                (d) |   | Certificate                of Amendment of Certificate of Incorporation (3)                   |
| 3.1                (e) |   | Certificate                of Amendment of Certificate of Incorporation, as amended (4)       |
| 3.1                (f) |   | Certificate                of Amendment of Certificate of Incorporation, second amendment (5) |
| 3.2                    |   | By-Laws                of the Company, as amended (2)                                         |
| 10.1                   |   | 1996                Stock Option Plan, amended and restated (2)                               |
| 31.1                   |   | Rule                13a-14(a)/15d-14(a) Certification (CEO)**                                 |
| 31.2                   |   | Rule                13a-14(a)/15d-14(a) Certification (CFO)**                                 |
| 32.1                   |   | Section                1350 Certification (CEO)**                                             |
| 32.2                   |   | Section                1350 Certification (CFO)**                                             |

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| (1)    |   | Incorporated                herein in its entirety by reference to the Company’s Registration                Statement on Form SB-2, Registration No. 333-9493, as filed with                the                Securities and Exchange Commission on August 2, 1996. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                        |
| (2)    |   | Incorporated                herein in its entirety by reference to the Company’s 1998 Annual Report on                Form 10-KSB.                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                        |
| (3)    |   | Incorporated                herein in its entirety by reference to the Company’s Form 8-K filed on                June 21, 2000.                                                                                                                                      |
|   |   |                                                                                                                                                                                                                                                                        |
| (4)    |   | Incorporated                herein in its entirety by reference to the Company’s 2001 Annual Report on                Form 10-KSB.                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                        |
| (5)    |   | Incorporated                herein in its entirety by reference to the Company’s 2004 Annual Report on                Form 10-KSB.                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                        |
| **     |   | Filed                herewith.                                                                                                                                                                                                                                              |

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**SIGNATURES**

|                                         |                                      |                                                                                                           |
|----------------------------------------------|-------------------------------------------|----------------------------------------------------------------------------------------------------------------|
|                                         | **clickNsettle.com,                Inc.** |
|                                    |                                 |                                                                                                      |
| **Date: **February              8, 2007 | **By:  **                       | /s/              Roy              Israel                                                                       |
|                                         |                                      | Roy Israel, Chairman of theBoard, CEO and President                                                       |
|                                         |                                      |                                                                                                           |
|                                         |                                      |                                                                                                           |
| **Date: **February              8, 2007 | **By:  **                       | /s/ Patricia Giuliani-Rheaume                                                                                  |
|                                         |                                      | Patricia                Giuliani-Rheaume, Vice President, Chief                Financial Officer and Treasurer |

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