UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

---

Form 10-Q/A

---

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

For the quarterly period ended September 30, 2008

OR

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

For the transition period from ________to _________

Commission file number 0-21419

Cardo Medical, Inc.(Exact name of Registrant as Specified in its Charter)



|Delaware                                                       | 23-2753988                             
|-------------------------------------------------------------- | ---------------------------------------
|(State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification Number)

8899 Beverly Boulevard, Suite 619
Los Angeles, California      90048

(310) 274-2036

N/A

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a
smaller reporting company. See definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company"
in Rule 12b-2 of the Exchange Act. (Check one):

|Large accelerated filer      ̈ | Accelerated filer     ̈ | Non-accelerated filer     ̈ (Do not check if a smaller reporting company) | Smaller reporting company    x
|----------------------------- | ---------------------- | ------------------------------------------------------------------------ | ------------------------------

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
YES     ̈ NO    x APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:
As of September 30, 2008, 203,360,271 shares of the issuer's common stock, par value of $0.001 per share, were outstanding.
Note:PDF provided as a courtesy
Cardo Medical, Inc.TABLE OF CONTENTS


Part I. — Financial Information
2Item 1.
Condensed Consolidated Financial Statements (unaudited):
2Condensed Consolidated Balance Sheets at
September 30, 2008 (unaudited) and December 31, 2007
2Condensed Consolidated Statements of
Operations — Three Months and Nine Months Ended September 30, 2008 and 2007 (unaudited)
3Consolidated Statements of Stockholders' Equity
at September 30, 2008 (unaudited)
4Condensed Consolidated Statements of Cash
Flows — Nine Months Ended September 30, 2008 and 2007 (unaudited)
5Notes to Condensed Consolidated Financial
Statements (unaudited)
6Item 2.
Management's Discussion and Analysis of Financial
Condition and Results of Operations
16Item 4.
Controls and Procedures
30Part II. — Other Information
31Item 1.
Legal Proceedings
31Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
31Item 3.
Defaults Upon Senior Securities
31Item 4.
Submission of Matters to a Vote of Security Holders
31Item 5.
Other Information
31Item 6.
Exhibits
32Signatures
33Index to ExhibitsEXPLANATORY NOTE
Cardo Medical, Inc. ("Cardo" or the "Company") is filing this Quarterly Report on Form 10-Q/A (the "Form 10-Q/A")
for the three months and nine months ended September 30, 2008 to reflect the restatement of its consolidated financial statements, the notes thereto, and related disclosures.
On August 29, 2008, the Company completed a reverse merger transaction with clickNsettle.com, Inc., a publicly traded company ("CKST").
Between August 29, 2008 and September 30, 2008, CKST paid $354,175 in legal and accounting related fees which were recorded as selling, general and administrative expenses
in the Company's consolidated financial statements for the three and nine months ended September 30, 2008.  The Company determined that these expenses were incurred prior to
the reverse merger date of August 29, 2008, and therefore were CKST expenses and should not have been reflected in the Company's consolidated statements of operations for the
three and nine months ended September 30, 2008.  The restatement resulted in the correction of the overstatement of selling, general and administrative expenses, the
overstatement of additional paid-in capital, and the overstatement of the accumulated deficit of $354,175. It also corrects the net loss per share for the three months ended
September 30, 2008 from ($0.01) to ($0.00).
This Form 10-Q/A has not been updated except as required to reflect the effects of the restatement. This amendment and restatement includes changes to
Part I, Items 1 and 2.  Except as identified in the prior sentence, no other items included in the original Form 10-Q have been amended, and such items remain in effect as of the
filing date of the original form 10-Q. Additionally, this Form 10-Q/A does not purport to provide an update or a discussion of any other developments at the Company subsequent to
the original filing.


1PART I — FINANCIAL INFORMATION

ITEM 1 — CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 

Cardo Medical, Inc.
                                  CONSOLIDATED BALANCE SHEETS
                           (in thousands, except share amounts) 

September 30,

December 31,2008

2007(unaudited)RestatedASSETSCurrent assets:Cash and cash equivalents

$
4,582

$              904Accounts receivable


289

208Inventories


855

437Prepaid expenses and other current assets


78

107Total current assets


5,804

1,656Property and equipment, net


366

386Goodwill


2,690

-Other intangible assets, net


5,165

-Other assets, net


205

113Total assets

$
14,230

$           2,155LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable and accrued expenses

$
933

$              233Total liabilities


933

233Commitments and contingenciesNon-controlling interest


-

634Stockholders' equityCommon stock, $0.001 par value, 750,000,000 million shares
      authorized, 133,440,954 (unaudited) and 203,360,271 (unaudited)
      issued and outstanding as of December 31, 2007 (unaudited) and
      September 30, 2008 (unaudited), respectively


203

133Additional paid-in capital


16,599

1,442Note receivable from stockholder


(50)

-Accumulated deficit


(3,455)

(287)Total stockholders' equity


13,297

1,288Total liabilities, non-controlling interest and stockholders' equity

$
14,230

$           2,155See accompanying notes, which are an integral part of these financial statements2Cardo Medical, Inc.
                                  CONSOLIDATED STATEMENTS OF OPERATIONS
                                              (Unaudited)
                           (In thousands, except share amounts) 


Three Months Ended

Nine Months

April 6, 2007,
Inception,
ThroughSeptember 30,

September 30,

September 30,2008

(unaudited) 
Restated

2007

(unaudited)

2008

(unaudited) 
Restated

2007

(unaudited)Net sales


$                            411
$
265
$
932
$
306Cost of sales


66

41

139

47Gross profit


345

224

793

259Research and development expenses


142

65

1,288

72Selling, general and administrative expenses


1,089

281

2,488

401Loss from operations


(886)

(122)

(2,983)

(214)Interest income (expense), net


5

14

(37)

25Loss before non-controlling interest


(881)

(108)

(3,020)

(189)Non-controlling interest in loss of subsidiaries


-

(45)

(148)

(11)Net loss


$                       (881)
$
(153)
$
(3,168)
$
(200)Net loss available to common shareholders per share:Basic and Diluted


$                         (0.00)
$
(0.00)
$
(0.02)
$
(0.00)Weighted average shares outstanding:Basic and Diluted


196,005,332

133,440,954

157,102,579

133,440,954See accompanying notes, which are an integral part of these financial statements3Cardo Medical, Inc.
                                  CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                                              (Unaudited)
                                 Nine months ended September 30, 2008 
                           (in thousands, except share amounts) 


Shares
Common 
Stock

Par Value
Common 
Stock

APIC

NoteReceivable
 FromStockholder

Accumulated
Deficit

Non-controlling  
Interest

Total Stockholders' 
 Equity and
 Non-controllingInterestBalance at December 31, 2007
133,440,954

$               133

$                   1,442

$                             -

$                (287)

$                       634

$                                          1,922Net loss
-

-

-

-

(199)

(97)

(296)Balance at March 31, 2008
133,440,954

133

1,442

-

(486)

537

1,626Capital contribution
58,641,744

59

12,915

(900)

-

-

12,074Fair value of derivative
-

-

(284)

-

-

-

(284)Stock based compensation
-

-

35

-

-

-

35Acquisition of non-controlling interest of Uni
-

-

-

-

-

(15)

(15)Acquisition of non-controlling interest of Cervical
-

-

-

-

-

20

20Acquisition of non-controlling interest of Accelerated
-

-

-

-

-

(787)

(787)Net loss
-

-

-

-

(2,088)

245

(1,843)Balance at June 30, 2008
192,082,698

192

14,108

(900)

(2,574)

-

10,826Reverse merger transaction - Restated
11,277,573

11

2,231

-

-

-

2,342Collection of note receivable
-

-

-

850

-

-

850Decrease in fair value of derivative
-

-

284

-

-

-

284Stock based compensation
-

-

(35)

-

-

-

(35)Stock option compensation
-

-

11

-

-

-

11Net loss - Restated
-

-

-

-

(881)

-

(881)Balance at September 30, 2008 - Restated
203,360,271

$               203

$                 16,599

$                                (50)

$             (3,455)

$                             -

$                                        13,297See accompanying notes, which are an integral part of these financial statements4Cardo Medical, Inc.
                                  CONSOLIDATED STATEMENTS OF CASH FLOWS
                                               (in thousands) 

April 6, 2007,Nine Months


Inception,Ended


ThroughSeptember 30,


September 30,2008


2007(unaudited)     
Restated


(unaudited)Operating activities:Net loss




$
(3,168)

$
(200)Adjustments to reconcile net loss to net cashused in operating activities:Depreciation and amortization





122


27Amortization of license fees





50


-Amortization of other intangible assets





162


-Non-controlling interest in earnings (loss) of subsidiaries





148


11Stock option compensation





11


-Acquisition of in-process research and development





938


-Effect of changes in:Accounts receivable





(81)


(112)Inventories





(419)


(190)Prepaid expenses and other current assets





39


15Accounts payable and accrued expenses





585


99Net cash used in operating activities





(1,613)


(350)Investing activities:Purchase of property and equipment





(99)


(157)Cash acquired from Accin transaction





-


611Proceeds from reverse merger transaction with Clicknsettle.com, Inc.





2,245


-Payments made to acquire minority interest of subsidiaries





(3,487)


-Increase in other assets





(143)


(125)Net cash provided by (used in) investing activities





(1,484)


329Financing activities:Capital contribution





12,925


5,000Proceeds from note payable





1,200


-Repayment of note payable





(1,200)


-Distribution to Accin Corporation shareholders





(6,150)


(3,750)Net cash provided by financing activities





6,775


1,250Net increase (decrease) in cash





3,678


1,229Cash, beginning of period





904


-Cash, end of period




$
4,582

$
1,229Supplemental disclosure of cash flow information:Interest Paid




$
48

$
-Taxes Paid




$
-

$
-Supplemental disclosure of non-cash investing and financing activities:Capital contributions through note receivable from members




$
50

$
-See accompanying notes, which are an integral part of these financial statements5CARDO MEDICAL, INC.NOTES TO UNAUDITED CONDENSED CONSOLIDATED 
                  FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2008 AND
                  FOR THE THREE AND NINE MONTH PERIODS ENDED 
                  SEPTEMBER 30, 2008 AND 2007
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business

Cardo Medical, Inc. ("Cardo" or the "Company") is an early-stage orthopedic medical device company specializing in designing,
developing and marketing reconstructive joint devices and spinal surgical devices. Reconstructive joint devices are used to replace knee, hip and other joints that have deteriorated
through disease or injury. Spinal surgical devices involve products to stabilize the spine for fusion and reconstructive procedures. Within these areas, Cardo intends to focus on the
higher-growth sectors of the orthopedic industry, such as advanced minimally invasive instrumentation and bone-conserving high-performance implants. Cardo is focused on
developing surgical devices that will enable surgeons to bridge the gap between soft tissue-driven sports medicine techniques and classical reconstructive surgical procedures.

Basis of Presentation

The accompanying consolidated unaudited financial information of Cardo as of September 30, 2008 and for the three and nine months ended
September 30, 2008 and 2007 has been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and
with the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, such financial information includes all adjustments (consisting only of normal
recurring adjustments) considered necessary for a fair presentation of the Company's financial position at such date and the operating results and cash flows for such periods.
Operating results for the three and nine month periods ended September 30, 2008 are not necessarily indicative of the results that may be expected for the entire year.

Certain information and footnote disclosure normally included in financial statements in accordance with generally accepted accounting principles have been
omitted pursuant to the rules of the US Securities and Exchange Commission. These unaudited financial statements should be read in conjunction with our unaudited financial
statements for the period ended June 30, 2008 included in our Form 8-K filed on September 9, 2008.

The consolidated balance sheet at December 31, 2007 has been derived from the audited financial statements at that date, but does not include all of the
information and footnotes required by generally accepted accounting principles in the United States for complete financial statements.

6Principles of Consolidation

The consolidated financial statements include the accounts of Cardo, Accelerated Innovation, Inc. ("Accelerated"), Uni-Knee LLC
("Uni") and Cervical Xpand LLC ("Cervical"). All significant intercompany transactions have been eliminated in consolidation.  The non-controlling and minority
interests in these companies is represented by a single balance in the consolidated balance sheets. As of December 31, 2007, the total non-controlling interest balance of $633,685
is comprised of $76,372 for minority interest in Uni, ($42,825) in Cervical and $600,138 in Accelerated.  As of September 30, 2008 (unaudited), the non-controlling interest balance
amounted to $0, as the Company by then had acquired the minority interests in Uni, and Cervical and the non-controlling interest in Accelerated.

For the period from August 29, 2008 to September 30, 2008, the consolidated financial statements also include the accounts of clickNsettle.com, Inc., with
whom the company completed a reverse takeover on that date.
Restatement
On August 29, 2008, the Company completed a reverse merger transaction with clickNsettle.com, Inc., a publicly traded company
("CKST").  Between August 29, 2008 and September 30, 2008, CKST paid $354,175 in legal and accounting related fees which were recorded as selling, general and
administrative expenses in the Company's consolidated financial statements for the three and nine months ended September 30, 2008.  The Company determined that these
expenses were incurred prior to the reverse merger date of August 29, 2008, and therefore were CKST expenses and should not have been reflected in the Company's consolidated
statements of operations for the three and nine months ended September 30, 2008.  The restatement resulted in the following corrections.

Originally(In thousands)

Reported

Amended

DifferenceAdditional paid-in capital

16,953

16,599

354Accumulated deficit

(3,809)

(3,455)

(354)For the three months ended September 30, 2008Selling, general and administrative expenses

1,443

1,089

354Net loss

(1,235)

(881)

(354)Loss per share

(0.01)

0.00

(0.01)For the nine months ended September 30, 2008Selling, general and administrative expenses

2,842

2,488

354Net loss

(3,522)

(3,168)

(354)Net cash used in operating activities

(1,967)

(1,613)

(354)Net cash used in investing activities

(1,130)

(1,484)

3547Income Taxes

Prior to June 17, 2008, Cardo and its subsidiaries were flow through entities from an income tax standpoint. Income generated in these entities was
not taxed at the entity level, but rather, the income passed directly through to the owners' individual income tax returns. As a result, there is no provision for income tax for any period
prior to this date.

On June 17, 2008, Cardo made an election with the Internal Revenue Service to be taxed as a corporation, meaning that any taxable income generated by
Cardo and subsidiaries will be taxed at the Cardo level.

Accordingly, on June 17, 2008, the Company adopted the guidelines specified in SFAS No. 109, "Accounting for Income Taxes." In
accordance with SFAS No. 109, deferred tax assets and liabilities are recognized to reflect the estimated future tax effects, calculated at currently effective tax rates, of future
deductible or taxable amounts attributable to events that have been recognized on a cumulative basis in the financial statements. A valuation allowance related to a deferred tax
asset is recorded when it is more likely than not that some portion of the deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the
changes in tax laws and rates of the date of enactment.

Also on June 17, 2008, the Company adopted Financial Accounting Standards Board ("FASB") Interpretation No. 48, Accounting for
Uncertainty in Income Taxes-An Interpretation of FASB Statement No. 109 ("FIN 48"). FIN 48 seeks to reduce the diversity in practice associated
with certain aspects of measurement and recognition in accounting for income taxes. FIN 48 prescribes a recognition threshold and measurement requirement for the financial
statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on de-recognition, classification, interest and
penalties, accounting in interim periods, disclosure, and transition. Under FIN 48 the Company may only recognize or continue to recognize tax positions that meet a
"more likely than not" threshold.

On August 29, 2008, Cardo consummated a reverse takeover of clickNsettle.com, Inc. ("CKST") (See Note 4), thereby adopting CKST as the
taxpaying entity.

Net Loss Per Share

The Company uses SFAS No. 128, "Earnings Per Share" for calculating the basic and diluted loss per share. The basic loss per
share is calculated by dividing the net loss attributable to common shareholders by the weighted average number of common shares outstanding. Diluted loss per share is computed
similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential shares
had been issued and if the additional shares were dilutive. Common equivalent shares are excluded from the computation of net loss per share if their effect is anti-dilutive.

8For the three months and nine months ended September 30, 2008, 2,398,400 potentially dilutive shares were excluded from the shares used to calculate
diluted earnings per share as their
inclusion would reduce net loss per share, respectively. There were no potentially dilutive shares excluded for any period in 2007.

Concentrations and Other Risks

As of September 30, 2008, the Company had four customers that accounted for 82% of sales.

Recent Accounting Pronouncements

In May 2008, the FASB issued SFAS No. 162, The Hierarchy of Generally Accepted Accounting Principles.  SFAS No, 162
identifies the sources of accounting principles and the framework for selecting the principles to be used in the preparation of financial statements for nongovernmental entities that
are presented in conformity with generally accepted accounting principles in the United States. SFAS 162 will be effective 60 days following the SEC's approval. The
Company does not expect that this statement will result in a change in current practice.

In December 2007, the Financial Accounting Standards Board ("FASB") issued SFAS No. 161, "Disclosures about Derivative Instruments
and Hedging Activities-an amendment of FASB Statement No. 133."  This standard requires companies to provide enhanced disclosures about (a) how and why an entity
uses derivative instruments, (b) how derivative instruments and related hedged items are accounted for under Statement 133 and its related interpretations, and (c) how derivative
instruments and related hedged items affect an entity's financial position, financial performance, and cash flows. This statement is effective for financial statements issued for fiscal
years and interim periods beginning after November 15, 2008, with early application encouraged. The Company has adopted the provisions of SFAS No. 161, but since the
Company does not have any derivative instruments or hedging activities, the adoption did not have any impact on its financial position, results of operations or cash flows.

9In December 2007, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 110 ("SAB 110") regarding the use of a
"simplified" method, as discussed in SAB No. 107 ("SAB 107"), in developing an estimate of expected term of "plain vanilla" share options in accordance with Statement of Financial
Accounting Standards No. 123 (revised 2004), Share-Based Payment. In particular, the staff indicated in SAB 107 that it will accept a company's election to use the simplified
method, regardless of whether the company has sufficient information to make more refined estimates of expected term. At the time SAB 107 was issued, the staff believed that
more detailed external information about employee exercise behavior (e.g., employee exercise patterns by industry and/or other categories of companies) would, over time, become
readily available to companies. Therefore, the staff stated in SAB 107 that it would not expect a company to use the simplified method for share option grants after December 31,
2007. The staff understands that such detailed information about employee exercise behavior may not be widely available by December 31, 2007. Accordingly, the staff will continue
to accept, under certain circumstances, the use of the simplified method beyond December 31, 2007. The Company currently does not have stock options outstanding, but it will
follow the guidance in SAB 110 if it grants any options in the future. Adoption of this standard is not expected to have a
material impact on the Company.

In December 2007, the FASB issued SFAS No. 160, "Noncontrolling Interests in Consolidated Financial Statements-an amendment of ARB No.
51." This Statement amends ARB 51 to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary.
It clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements.
Before this Statement was issued, limited guidance existed for reporting noncontrolling interests. As a result, considerable diversity in practice existed. So-called minority interests
were reported in the consolidated statement of financial position as liabilities or in the mezzanine section between liabilities and equity. This Statement improves comparability by
eliminating that diversity. This Statement is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008 (that is, January 1, 2009,
for entities with calendar year-ends). Earlier adoption is prohibited. The effective date of this Statement is the same as that of the related Statement 141 (revised 2007). The
Company will adopt this Statement beginning January 1, 2009. It is not believed that this will have a material impact on the Company's financial position, results of operations or
cash flows.

In December 2007, the FASB, issued SFAS No. 141 (revised 2007), "Business Combinations." This Statement replaces FASB Statement No.
141, "Business Combinations," but retains the fundamental requirements in Statement 141.  This Statement establishes principles and requirements for how the
acquirer: (a) recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquire; (b)
recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase; and (c) determines what information to disclose to enable users of
the financial statements to evaluate the nature and financial effects of the business combination. This Statement applies prospectively to business combinations for which the
acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. An entity may not apply it before that date. The effective
date of this Statement is the same as that of the related FASB Statement No. 160, "Noncontrolling Interests in Consolidated Financial10Statements."  The Company will
adopt this Statement beginning January 1, 2009. It is not believed that this will have a material impact on the Company's financial position, results of operations or cash flows.

In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option for Financial Assets and Liabilities-Including an Amendment of SFAS
115."  This standard permits an entity to choose to measure many financial instruments and certain other items at fair value. This option is available to all entities. Most of the
provisions in SFAS No. 159 are elective; however, an amendment to SFAS No. 115 "Accounting for Certain Investments in Debt and Equity Securities" applies to all
entities with available for sale or trading securities. Some requirements apply differently to entities that do not report net income. SFAS No. 159 is effective as of the beginning of an
entity's first fiscal year that begins after November 15, 2007. Early adoption is permitted as of the beginning of the previous fiscal year provided that the entity makes that choice in
the first 120 days of that fiscal year and also elects to apply the provisions of FAS 157 "Fair Value Measurements." We adopted SFAS No. 159 beginning January 1,
2008 and it had no impact on our financial statements.

Effective January 1, 2007, the Company adopted FSP No. FIN 48-1, "Definition of Settlement in FASB Interpretation No. 48," (FSP FIN 48-1).
FSP FIN 48-1 was issued May 2, 2007 and amends FIN 48 to provide guidance on how an entity should determine whether a tax position is effectively settled for the purpose of
recognizing previously unrecognized tax benefits. The term "effectively settled" replaces the term "ultimately settled" when used to describe recognition, and
the terms "settlement" or "settled" replace the terms "ultimate settlement" or "ultimately settled" when used to describe measurement of
a tax position under FIN 48. FSP FIN 48-1 clarifies that a tax position can be effectively settled upon the completion of an examination by a taxing authority without being legally
extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to
be sustained based solely on the basis of its technical merits and the statute of limitations remains open. As the Company does not have any open tax returns the adoption of FSP
FIN 48-1 did not have an impact on the accompanying financial statements.

In September 2006, the FASB issued FAS 157, "Fair Value Measurements." This Statement defines fair value, establishes a framework for
measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. This Statement applies under other accounting
pronouncements that require or permit fair value measurements, the FASB having previously concluded in those accounting pronouncements that fair value is the relevant
measurement attribute. Accordingly, this Statement does not require any new fair value measurements. However, for some entities, the application of this Statement will change
current practice. This Statement is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. Earlier
application is encouraged, provided that the reporting entity has not yet issued financial statements for that fiscal year, including financial statements for an interim period within that
fiscal year. The Company adopted this Statement January 1, 2008, and it did not have an impact on the Company's financial position, results of operations or cash flows.

11Effective January 1, 2007, the Company adopted FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes- an interpretation of FASB
Statement No. 109," which clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements in accordance with SFAS No. 109,
"Accounting for Income Taxes."   This interpretation prescribes a comprehensive model for how a company should recognize, measure, present and
disclose in its financial statements uncertain tax positions that it has taken or expects to take on a tax return, including a decision whether to file or not to file a return in a particular
jurisdiction.  Under the Interpretation, the financial statements must reflect expected future tax consequences of these positions presuming the taxing authorities full
knowledge of the position and all relevant facts.  The Interpretation also revises disclosure requirements and introduces a prescriptive annual, tabular roll-forward of the
unrecognized tax benefits.  This Interpretation is effective for fiscal years beginning after December 15, 2006, including the Company's 2008 fiscal year, although early
adoption is permitted.  The Company does not have any open tax returns, consequently, the adoption of this Interpretation had no impact on the Company's financial
statements.
NOTE 2 - INVENTORY

September 30,


December 31,2008


2007(unaudited)Work in process

$
33,967

$
42,980Finished goods


821,446


393,611$
855,413

$
436,591NOTE 3 - COMMITMENTS AND CONTRACTUAL OBLIGATIONS
Employment Agreement

On February 25, 2008, the Company presented an offer letter to a key employee pursuant to which the employee was to be granted a 1.25%
share of the Company's outstanding membership interests to be issued upon a proposed private placement of securities. The membership interest was to vest over a five year
period commencing one year from the issuance date, with acceleration upon a change in control of the Company. The offer letter was not signed by the Company, but was returned
to the Company executed by the employee.

The private placement was consummated on June 18, 2008. As a result, the Company had a potential commitment to issue the employee membership
interests with an estimated fair value of $562,500. As of June 30, 2008, the estimated fair value of the vested portion of these membership interests amounted to $35,156.

12On August 27, 2008, the Company granted the employee options to purchase membership interests in Cardo Medical LLC, which immediately converted to
options to purchase shares in Cardo Medical, Inc.

On September 5, 2008, the Company and the employee agreed that the February 25, 2008 offer letter was void and of no effect.

In accordance with Statement of Financial Accounting Standards No. 123(R), the Company has performed analyses of the original grant of a 1.25% share of
the Company's membership interests, the subsequent grant of options to buy membership interests and thirdly the conversion of that option grant to a new option to buy shares in
the newly merged public company. As a result of those analyses, the exchanges of instruments have been determined to be modifications of the previous grants. Accordingly, on the
date of the modifications, the Company compared the fair value of the original grants to the fair value of the new grants. As the fair values of the new grants were not greater than
the fair values of the new grants, no incremental compensation cost was recorded.
Put Option Derivative

On June 18, 2008, the Company entered into a Unit Purchase Agreement and a Merger Agreement. Those agreements specified that if Cardo did
not consummate this merger prior to August 31, 2008, the investors who were party to the Unit Purchase Agreement had the right ("Put Option") to cause Cardo to
repurchase their units for the amount of their original investment, plus the amount of any liability for taxes the investors (or their equity holders or other beneficial owners) may have
incurred based upon Cardo's income.

That Put Option was valued at $283,555, and it was recorded as a liability on the books of Cardo.
On August 29, 2008, Cardo completed the merger pursuant to the terms of the Merger Agreement. As a result, the Put Option was cancelled and
the amount originally recorded as a liability was reclassified to equity.
NOTE 4 - REVERSE MERGER

On August 29, 2008 Cardo completed a reverse takeover of clickNsettle.com, Inc., a publicly traded company ("CKST"). Under the terms of
the Merger Agreement, at the closing of the Merger, each Cardo unit issued and outstanding was converted into and exchanged for the right to receive 667,204.70995 shares of
common stock of CKST. All options to buy units of Cardo were also converted into and exchanged for options to purchase shares of CKST at the same exchange rate as the
shares.

Accordingly, all current and historic share and option quantities in the accompanying financial statements and notes thereto have been presented at the new
higher share count, after conversion.

13As a result of the Merger, CKST's shareholders and option holders own approximately 5.5% of the combined company on a fully diluted basis (or
11,298,979 shares of common stock outstanding and underlying options); the members of Cardo, excluding the new investors who
participated in the private placement in June
2008, own approximately 64.8% of the combined company on a fully diluted basis (or 133,440,942 shares of common stock), the new investors own approximately 28.5% of the
combined company on a fully diluted basis (or 58,641,701 shares of common stock), and option holders of Cardo have rights to own approximately 1.2% of the combined company
on a fully diluted basis (or 2,398,400 shares of common stock underlying those options). As of September 30, 2008, none of the shares issuable as part of the reverse merger had
been issued.

NOTE 5 - SHARE BASED PAYMENT
On August 29, 2008, the Company issued options to certain employees and Board members to purchase membership units in Cardo. On the same
day, Cardo completed the reverse merger transaction described above (see Note 4), in which the options converted to shares in clickNsettle.com, Inc.
In accordance with SFAS No. 123(R), the Company has conducted an analysis of the fair value of the options immediately prior to the reverse
merger, and immediately after the reverse merger and has concluded that there is no change in value as a result of the reverse merger. Therefore, no additional compensation cost
will be recognized related to the reverse merger.

Furthermore, as described in Note 4 above, all share quantities in these financial statements have been cast to reflect the impact of the reverse merger.
Therefore, the following disclosure uses those figures after the reverse merger.

The options granted give the grantees the right to purchase up to 2,398,400 shares of its common stock at an exercise price of $0.23 per share.  The options
vest 20% each year over a five year period and expire after ten years.  The weighted average grant date fair value of options granted was $0.13 per option, for a total fair value of
$299,844, which will be reflected as an operating expense over the vesting period of the options.  The total expense recognized for the nine months and three months ended
September 30, 2008 in the accompanying consolidated statements of operations amounted to $11,103.

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model that uses the assumptions noted in the
following table. Because the Black-Scholes option valuation model incorporate ranges of assumptions for inputs, those ranges are disclosed. Expected volatilities are based on the
Dow Jones Index of small cap medical equipment manufacturers, as well as another index of smaller publicly traded companies that we feel are similar to Cardo. As there is no
history of option lives at Cardo, the expected term of options granted is the midpoint between the vesting periods and the contractual life of the options. The risk-free rate for periods
within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The forfeiture rate is based on an analysis of the nature of the
recipients' jobs and relationships to the Company.

14The following is a summary of the assumptions used.

Nine MonthsEndedSeptember 30,2008Expected life in years

7.5Stock price volatility

46.65%Risk free interest rate

3.45%Expected dividends

NoneForfeiture rate

7.5%A summary of option activity as of September 30, 2008, and changes during the period then ended is presented below.

Weighted-AverageWeighted-

RemainingAverage

Contractual

AggregateExercise

Life

IntrinsicOptions


Price

(Years)

ValueOutstanding at December 31, 2007

-

$
-

-
$
-Granted

2,398,400


0.23

9.92

3,525,648Exercised

-


-Forfeited

-


-Outstanding at September 30, 2008

2,398,400


0.23

9.92

3,525,648Vested and expected to vestat September 30, 2008

2,218,266


0.23

9.92

3,260,851Exercisable at September 30, 2008

-


0.23

9.92

-NOTE 6 - INCOME TAXES

Under Accounting Principles Board Opinion No. 28, Interim Financial Reporting, the Company is required to adjust its effective tax rate each
quarter to be consistent with the estimated annual effective tax rate. The Company is also required to record the tax impact of certain discrete items, unusual or infrequently
occurring, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the interim period in which they occur. In addition, jurisdictions
with a projected loss for the year or a year-to-date loss where no tax benefit can be recognized are excluded from the estimated annual effective tax rate. The impact
of such an
exclusion could result in a higher or lower effective tax rate during a particular quarter, based upon the mix and timing of actual earnings versus annual projections.


15Cardo, in its capacity as the operating company taking over CKST's income tax positions in addition to its own positions after June 17, 2008 (see Note 1),
has estimated its annual effective tax rate to be zero. This is based on an expectation that the combined entity will generate net operating losses in 2008, and it is not more likely
than not that those losses will be recovered using future taxable income. Therefore, no provision for income tax has been recorded as of and for September 30, 2008.
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


The discussion and analysis of our financial condition and results of operations are based on our financial statements, which we have prepared in
accordance with accounting principles generally accepted in the United States of America.  The preparation of these financial statements requires us to make estimates and
assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the
reported revenues and expenses during the reporting periods.  On an ongoing basis, we evaluate estimates and judgments, including those described in greater detail below.  We
base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making
judgments about the carrying value of assets and liabilities that are not readily apparent from other sources.  Actual results may differ from these estimates under different
assumptions or conditions.
The following discussion and analysis excludes the impact of CKST's financial condition and results of operations prior to the Merger on August 29, 2008
because they were not material in relation to the financial information for any of the periods presented below.
As used in this "Management's Discussion and Analysis of Financial Condition and Results of Operation of Cardo," except where the context
otherwise requires, the term "we," "us," "our" or "Cardo" refers to the business of Cardo Medical, LLC and its consolidated subsidiaries,
Accelerated Innovation, LLC, Cervical Xpand, LLC and Uni-Knee, LLC, after the transfer of the medical device business by Accin on May 21, 2007; and the term "Accin"
refers to the business of Accin Corporation and these consolidated subsidiaries, prior to the transfer of the medical device business by Accin on May 21, 2007.

Critical Accounting Policies
Income Taxes

Prior to June 17, 2008, Cardo and its subsidiaries were flow through entities from an income tax standpoint. Income generated in these entities was
not taxed at the entity level, but rather, the income passed directly through to the owners' individual income tax returns. As a result, there is no provision for income tax for any period
prior to this date.

On June 17, 2008, Cardo made an election with the Internal Revenue Service to be taxed as a corporation, meaning that any taxable income generated by
Cardo and subsidiaries will be taxed at the Cardo level.

16Accordingly, on June 17, 2008, the Company adopted the guidelines specified in SFAS No. 109, "Accounting for Income Taxes." In
accordance with SFAS No. 109, deferred tax assets and liabilities are recognized to reflect the estimated future tax effects, calculated at currently effective tax rates, of future
deductible or taxable amounts attributable to events that have been recognized on a cumulative basis in the financial statements. A valuation allowance related to a deferred tax
asset is recorded when it is more likely than not that some portion of the deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the
changes in tax laws and rates of the date of enactment.

Also on June 17, 2008, the Company adopted Financial Accounting Standards Board ("FASB") Interpretation No. 48, Accounting for
Uncertainty in Income Taxes-An Interpretation of FASB Statement No. 109 ("FIN 48"). FIN 48 seeks to reduce the diversity in practice associated
with certain aspects of measurement and recognition in accounting for income taxes. FIN 48 prescribes a recognition threshold and measurement requirement for the financial
statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on de-recognition, classification, interest and
penalties, accounting in interim periods, disclosure, and transition. Under FIN 48 the Company may only recognize or continue to recognize tax positions that meet a
"more likely than not" threshold.

On August 29, 2008, Cardo consummated a reverse takeover of clickNsettle.com, Inc. ("CKST") (See Note 4), thereby adopting CKST as the
taxpaying entity.
Revenue Recognition
The Company recognizes revenues when there is persuasive evidence of an arrangement, product delivery and acceptance have occurred, the
sales price is fixed and determinable, and collectability of the resulting receivable is reasonably assured.

The Company records revenues when title and the risk of loss pass to the customer.  Generally, these conditions occur on the date that the surgery takes
place at the hospital.

Intangible and Long-Lived Assets

In accordance with Statement of Financial Accounting Standards ("SFAS") No. 144, "Accounting for the Impairment or Disposal of
Long-Lived Assets," the Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that their net book value may not be
recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future cash flows associated with the related asset or group of assets
over their estimated useful lives against their respective carrying amount.  Impairment, if any, is based on the excess of the carrying amount over the fair value, based on market
value when available, or discounted expected cash flows, of those assets and is recorded in the period in which the determination is made. The Company's management currently
believes there is no impairment of its long-lived assets. There can be no assurance, however, that
market conditions will not change or demand for the Company's products will continue. Either of these could result in future impairment of long-lived assets.

17Property and Equipment

Property and equipment are recorded at historical cost and depreciated on a straight-line basis over their estimated useful lives, which range from three to
five years. When items are retired or disposed of, income is charged or credited for the difference between the net book value of the asset and the proceeds realized thereon.
Ordinary maintenance and repairs are charged to expense as incurred, and replacements and betterments are capitalized.


Share Based Payment

The Company accounts for its share-based compensation under the provisions of FASB Statement No. 123(R), Share-Based Payment,
("SFAS 123R").

In order to determine compensation on options issued to consultants, and employees' options, the fair value of each option granted is estimated on the date
of grant using the Black-Scholes option-pricing model. The Company estimates the requisite service period used in the Black-Scholes calculation based on an analysis of vesting
and exercisability conditions, explicit, implicit, and/or derived service periods, and the probability of the satisfaction of any performance or service conditions. The Company also
considers whether the requisite service has been rendered when recognizing compensation costs.
Inventory
Inventory is stated at the lower of cost or net realizable value. Cost is determined on a first-in, first-out basis; and the inventory is comprised of work
in process and finished goods.  Work in process consists of fabrication costs paid relating to items not physically received.  Finished goods are completed knee, spine and hip
replacement products ready for sales to customers.
At each balance sheet date, the Company evaluates its ending inventories for excess quantities and obsolescence.  This evaluation includes an analysis of
sales levels by product type.  Among other factors, the Company considers current product configurations, historical and forecasted demand, market conditions and product life
cycles when determining the net realizable value of the inventory.  Provisions are made to reduce excess or obsolete inventories to their estimated net realizable values.  Once
established, write-downs are considered permanent adjustments to the cost basis of the excess or obsolete inventory.  The Company did not have any inventory considered by
management to be excess or obsolete as of December 31, 2007 and September 30, 2008 (unaudited).

Recent Accounting Pronouncements

In May 2008, the FASB issued SFAS No. 162, The Hierarchy of Generally Accepted Accounting Principles.  SFAS No, 162
identifies the sources of accounting principles and the framework for selecting the principles to be used in the preparation of financial statements for nongovernmental entities that
are presented in conformity with generally accepted accounting
principles in the United States. SFAS 162 will be effective 60 days following the SEC's approval. The
Company does not expect that this statement will result in a change in current practice.

18In December 2007, the Financial Accounting Standards Board ("FASB") issued SFAS No. 161, "Disclosures about Derivative Instruments
and Hedging Activities-an amendment of FASB Statement No. 133."  This standard requires companies to provide enhanced disclosures about (a) how and why an entity
uses derivative instruments, (b) how derivative instruments and related hedged items are accounted for under Statement 133 and its related interpretations, and (c) how derivative
instruments and related hedged items affect an entity's financial position, financial performance, and cash flows. This statement is effective for financial statements issued for fiscal
years and interim periods beginning after November 15, 2008, with early application encouraged. The Company has adopted the provisions of SFAS No. 161, but since the
Company does not have any derivative instruments or hedging activities, the adoption did not have any impact on its financial position, results of operations or cash flows.

In December 2007, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 110 ("SAB 110") regarding the use of a
"simplified" method, as discussed in SAB No. 107 ("SAB 107"), in developing an estimate of expected term of "plain vanilla" share options in accordance with Statement of Financial
Accounting Standards No. 123 (revised 2004), Share-Based Payment. In particular, the staff indicated in SAB 107 that it will accept a company's election to use the simplified
method, regardless of whether the company has sufficient information to make more refined estimates of expected term. At the time SAB 107 was issued, the staff believed that
more detailed external information about employee exercise behavior (e.g., employee exercise patterns by industry and/or other categories of companies) would, over time, become
readily available to companies. Therefore, the staff stated in SAB 107 that it would not expect a company to use the simplified method for share option grants after December 31,
2007. The staff understands that such detailed information about employee exercise behavior may not be widely available by December 31, 2007. Accordingly, the staff will continue
to accept, under certain circumstances, the use of the simplified method beyond December 31, 2007. The Company currently does not have stock options outstanding, but it will
follow the guidance in SAB 110 if it grants any options in the future. Adoption of this standard is not expected to have a
material impact on the Company.

In December 2007, the FASB issued SFAS No. 160, "Noncontrolling Interests in Consolidated Financial Statements-an amendment of ARB No.
51." This Statement amends ARB 51 to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary.
It clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements.
Before this Statement was issued, limited guidance existed for reporting noncontrolling interests. As a result, considerable diversity in practice existed. So-called minority interests
were reported in the consolidated statement of financial position as liabilities or in the mezzanine section between liabilities and equity. This Statement improves comparability by
eliminating that diversity. This Statement is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008 (that is, January 1, 2009,
for entities with calendar year-ends). Earlier adoption is prohibited. The effective date of this Statement is the same as that of the related Statement 141 (revised 2007).
The Company will adopt this Statement beginning January 1, 2009. It is not believed that this will have a material impact on the Company's financial position, results of operations or
cash flows.

19In December 2007, the FASB, issued SFAS No. 141 (revised 2007), "Business Combinations." This Statement replaces FASB Statement No.
141, "Business Combinations," but retains the fundamental requirements in Statement 141.  This Statement establishes principles and requirements for how the
acquirer: (a) recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquire; (b)
recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase; and (c) determines what information to disclose to enable users of
the financial statements to evaluate the nature and financial effects of the business combination. This Statement applies prospectively to business combinations for which the
acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. An entity may not apply it before that date. The effective
date of this Statement is the same as that of the related FASB Statement No. 160, "Noncontrolling Interests in Consolidated Financial Statements."  The Company will
adopt this Statement beginning January 1, 2009. It is not believed that this will have a material impact on the Company's financial position, results of operations or cash flows.

In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option for Financial Assets and Liabilities-Including an Amendment of SFAS
115."  This standard permits an entity to choose to measure many financial instruments and certain other items at fair value. This option is available to all entities. Most of the
provisions in SFAS No. 159 are elective; however, an amendment to SFAS No. 115 "Accounting for Certain Investments in Debt and Equity Securities" applies to all
entities with available for sale or trading securities. Some requirements apply differently to entities that do not report net income. SFAS No. 159 is effective as of the beginning of an
entity's first fiscal year that begins after November 15, 2007. Early adoption is permitted as of the beginning of the previous fiscal year provided that the entity makes that choice in
the first 120 days of that fiscal year and also elects to apply the provisions of FAS 157 "Fair Value Measurements." We adopted SFAS No. 159 beginning January 1,
2008 and it had no impact on our financial statements.

Effective January 1, 2007, the Company adopted FSP No. FIN 48-1, "Definition of Settlement in FASB Interpretation No. 48," (FSP FIN 48-1).
FSP FIN 48-1 was issued May 2, 2007 and amends FIN 48 to provide guidance on how an entity should determine whether a tax position is effectively settled for the purpose of
recognizing previously unrecognized tax benefits. The term "effectively settled" replaces the term "ultimately settled" when used to describe recognition, and
the terms "settlement" or "settled" replace the terms "ultimate settlement" or "ultimately settled" when used to describe measurement of
a tax position under FIN 48. FSP FIN 48-1 clarifies that a tax position can be effectively settled upon the completion of an examination by a taxing authority without being legally
extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to
be sustained based solely on the basis of its technical merits and the statute of limitations remains open. As the Company does not have any open tax returns the adoption of FSP
FIN 48-1 did not have an impact on the accompanying financial statements.
In September 2006, the FASB issued FAS 157, "Fair Value Measurements." This Statement defines fair value, establishes a framework for
measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. This Statement applies under other accounting
pronouncements that require or permit fair value measurements, the FASB having previously concluded in those accounting pronouncements that20fair value is the relevant
measurement attribute. Accordingly, this Statement does not require any new fair value measurements. However, for some entities, the application of this Statement will change
current practice. This Statement is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. Earlier
application is encouraged, provided that the reporting entity has not yet issued financial statements for that fiscal year, including financial statements for an interim period within that
fiscal year. The Company adopted this Statement January 1, 2008, and it did not have an impact on the Company's financial position, results of operations or cash flows.

Effective January 1, 2007, the Company adopted FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes- an interpretation of FASB
Statement No. 109," which clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements in accordance with SFAS No. 109,
"Accounting for Income Taxes."   This interpretation prescribes a comprehensive model for how a company should recognize, measure, present and
disclose in its financial statements uncertain tax positions that it has taken or expects to take on a tax return, including a decision whether to file or not to file a return in a particular
jurisdiction.  Under the Interpretation, the financial statements must reflect expected future tax consequences of these positions presuming the taxing authorities full
knowledge of the position and all relevant facts.  The Interpretation also revises disclosure requirements and introduces a prescriptive annual, tabular roll-forward of the
unrecognized tax benefits.  This Interpretation is effective for fiscal years beginning after December 15, 2006, including the Company's 2008 fiscal year, although early
adoption is permitted.  The Company does not have any open tax returns, consequently, the adoption of this Interpretation had no impact on the Company's financial
statements.
Overview

Cardo Medical LLC was formed as a California limited liability company in April 2007. On August 29, 2008 it completed a reverse takeover of
clickNsettle.com, Inc., a publicly traded company ("CKST"), and changed the name of CKST to Cardo Medical, Inc. In accordance with rules governing reverse merger
accounting, since Cardo was the operating entity and CKST was the shell it merged into, the accounts of Cardo Medical LLC are carried forward as the acquiring entity. Accordingly,
financial information in this section for periods before August 29, 2008 is for Cardo Medical LLC, not for CKST. "Cardo" in this section is used to describe both Cardo
Medical LLC prior to the merger on August 29, 2008, and the combined entities of Cardo Medical LLC and clickNsettle.com, Inc. (renamed Cardo Medical, Inc.) after the
merger.

Cardo is an orthopedic medical device company specializing in designing, developing and marketing reconstructive joint devices and spinal surgical
devices.

Reconstructive joint devices are used to replace knee, hip and other joints that have deteriorated through disease or injury.  Spinal surgical devices involve
products to stabilize the spine for
fusion and reconstructive procedures.  Within these areas, we intend to focus on the higher-growth sectors of the orthopedic industry, such as
advanced minimally invasive instrumentation and bone conserving high-performance implants.  We are also focused on developing surgical techniques that bridge the gap between
soft tissue-driven sports medicine techniques and classical reconstructive surgical procedures.

21We initiated sales of our Align 360 unicompartmental knee device in 2007.  We have received Section 510(k) approval from the Food and Drug
Administration for our uniquely instrumented patello-femoral arthroplasty as well as for our total hip replacement system and our bipolar and monopolar hip systems.  We also have
received Section 510(k) approvals for our spinal lumbar fusion system and our cervical plate and screw systems. Most recently, we received 510(k) approval of our Align 360 Total
Knee System. The Align 360 Total Knee System is planned for commercial release during the second quarter of 2009.
Results of Operations for the Nine Months Ended September 30, 2008 (Cardo) (Unaudited) as Compared to the Nine Months Ended September 30, 2007 (Accin and Cardo
on a combined basis)

The following is a comparison of the consolidated results of operations for Cardo for the nine months ended September 30, 2008 (unaudited) and Accin and
Cardo for the nine months ended September 30, 2007 (unaudited, including the combined results of operations of Accin and Cardo):

Cardo



Pro FormaApril 6, 2007,



CombinedNine Months

Inception,

Accin

Nine MonthsEnded

Through

Five Months

EndedSeptember 30,

September 30,

Ended

September 30,2008

2007

May 31, 2007

2007

$ Change

% ChangeRestatedNet sales
$           932

$           306

$        157

$           463

$          469

101.3%Cost of sales
139

47

25

72

67

93.1%Gross Profit
793

259

132

391

402

102.8%Research and development expenses
1,288

72

41

113

1,175

1035.8%Selling, general and administrative expenses
2,488

401

251

652

1,836

281.6%Loss from Operations
(2,983)

(214)

(160)

(374)

(2,609)

696.7%Interest income (expense), net
(37)

25

20

45

(82)

-182.2%Loss before non-controlling interest
(3,020)

(189)

(140)

(329)

(2,691)

816.8%Non-controlling interest in loss (earnings) of subsidiaries
(148)

(11)

128

117

(265)

-226.5%Net loss
$      (3,168)

$         (200)

$        (12)

$         (212)

$     (2,956)

1391.5%Revenues

Net sales for the nine months ended September 30, 2008 increased by $469,000, or 101.3%, as compared to the same period in 2007.  Accin, the company
from which Cardo acquired its medical device business, launched and commenced sales of its first product in December 2006, which was a high-performance, unicompartmental
knee replacement product.  As doctors became more familiar with our new product, they began using it more often.  As a result, our sales of the knee product for the nine months
ended September 30, 2008 were $363,000 higher than during the same period in 2007.  In addition, during 2008, we began sales of licensed products, which sales amounted to
$105,000 during the nine months ended September 30, 2008.

Costs of Sales

Costs of sales for the nine months ended September 30, 2008 increased by $67,000, or 93.1%, as compared to the same period in 2007 due to our sales
escalating during 2008.  Our costs of sales in 2008 also included $22,000 attributable to sales of licensed products and $45,000 was22attributed to our knee product, which
commenced during the nine months ended September 30, 2008.  Our gross profit percentage for 2008 was 85.1%, representing an increase from 84.4% in 2007.  This increase was
primarily a result of lower per unit production costs during 2008.  We incur greater production costs the first time that a product is developed as a result of product set-up costs.  Over
time, the average cost decreases, which results in a higher gross profit percentage.

Research and Development Expenses

Research and development expenses for the nine months ended September 30, 2008 increased by $1,175,000, or 1,035.8%, from the same period in 2007.
The increase was primarily due to $937,500 of in-process research and development expenses acquired in connection with the purchase of the non-controlling interest in
Accelerated Innovation, LLC in June 2008.  The acquired in-process research and development related to a total knee system under development is expected to be completed in the
fourth quarter of 2008.  In addition, we increased prototype expenses in 2008 for production of our hip replacement prototypes.  There were no expenditures for these items in 2007.

Selling, General and Administrative Expenses

Selling, general and administrative expenses for the nine months ended September 30, 2008 increased by $1,836,000, or 281.6%, as compared to the same
period in 2007.  During 2008, we incurred $830,000 in selling, general and administrative expenses relating primarily to legal and accounting fees associated with the Merger which
we did not incur in 2007, as well as increased salary and payroll related expenses of $431,000 relating to new employees hired in 2008.  In addition, we incurred increased
depreciation expense in 2008 of $93,000 as a result of increased capital expenditures for instrumentation and other equipment necessary to support our growth.  We also incurred
amortization expense of $175,000 in 2008 as a result of intangible assets acquired in connection with the purchase of the non-controlling interest in Accelerated Innovation, LLC in
June 2008, as well as amortization of  $38,000 for license fees paid in late 2007 and 2008.  Finally, during 2008, our incentive compensation and sales commission expenses
increased by $116,000 as a result of the increase in sales during the period.

Interest Income (Expense)

Net interest expense for the nine months ended September 30, 2008 amounted to $37,000, which consisted of interest expense of $48,000 relating to a note
payable of $1,200,000 issued in February 2008, offset by interest income of $12,000.  During the nine months ended September 30, 2007, our interest income amounted to $24,000.
We had no interest expense in 2007, as we had no outstanding debt.

23Results of Operations for the Three Months Ended September 30, 2008 as Compared to the Three Months Ended September 30, 2007.
The following is a comparison of the consolidated results of operations for Cardo for the three months ended September 30, 2008 (unaudited) and the three months ended
September 30, 2007 (unaudited):

Three Months EndedSeptember 30,As %



As %2008

of Sales

2007

of Sales

Variance

%(unaudited)



(unaudited)RestatedNet sales

$                  411

100.0%
$
265

100.0%

$           146

55.1%Cost of sales

66

16.1%

41

15.5%

25

61.0%Gross Profit

345

83.9%

224

84.5%

121

54.0%Research and development expenses

142

34.5%

65

24.5%

77

118.5%Selling, general and administrative expenses

1,089

265.0%

281

106.0%

808

287.5%Loss from operations

(886)

-215.6%

(122)

-46.0%

(764)

626.2%Interest income (expense), net

5

1.2%

14

5.3%

(9)

-64.3%Loss before non-controlling interest

(881)

-214.4%

(108)

-40.8%

(773)

715.7%Non-controlling interest in loss of subsidiaries

-



(45)

-17.0%

45

-100.0%Net loss

$                (881)

-214.4%
$
(153)

-57.7%

$         (728)

475.8%Revenues

Net sales for the three months ended September 30, 2008 increased by $146,000, or 55.1%, as compared to the same period in 2007.  Due to wider
acceptance of our knee product by orthopedic surgeons, sales of this product increased in 2008.  As a result, for the three months ended September 30, 2008 our sales of this
product was $119,000 higher than in 2007.  In addition, during 2008, we began sales of licensed products, which sales amounted to $26,000 during the three months ended
September 30, 2008.
Costs of Sales

Costs of sales for the three months ended September 30, 2008 increased by $25,000, or 61.0%, as compared to the same period in 2007 as a result of the
sales escalation in 2008.  Our costs of sales in 2008 included $9,000 attributable to sales of licensed products, which commenced during 2008. Our knee product contributed
$16,000 to this increase in costs of sales during 2008.. Our gross profit percentage for 2008 was 83.9%, representing a decrease from 84.5% in 2007.  This decrease was based on
the product mix changing in 2008, during which the company added spine and hip products.

Research and Development Expenses

Research and development expenses for the three months ended September 30, 2008 increased by $77,000, or 118.5%, from the same period in 2007.  The
increase was primarily due to increased prototype expenses in 2008 for production of our hip replacement prototypes.  There were no expenditures for these items in 2007.

24Selling, General and Administrative Expenses

Selling, general and administrative expenses for the three months ended September 30, 2008 increased by $808,000, or 287.5%, as compared to the same
period in 2007.  During 2008, we incurred $245,000 in selling, general and administrative expenses relating primarily to legal and accounting fees associated with the Merger which
we did not incur in 2007, as well as increased salary and payroll related expenses of  $324,000 relating to new employees hired in 2008.  In addition, we incurred increased
depreciation expense in 2008 of  $20,000 as a result of increased capital expenditures for instrumentation and other equipment necessary to support our growth.  We also incurred
amortization expense of $175,000 in 2008 as a result of intangible assets acquired in connection with the purchase of the non-controlling interest in Accelerated Innovation, LLC in
June 2008, as well as amortization of $38,000 for license fees paid in late 2007 and 2008.  Finally, during 2008, our incentive compensation and sales commission expenses
increased by $116,000 as a result of the increase in sales during the period.

Interest Income
Net interest income for the three months ended September 30, 2008 amounted to $5,000, which decreased by $9,000 from 2007.  Our average daily
cash balances outstanding were higher during 2007, which consequently generated more interest income.
Liquidity and Capital Resources
Net cash used in operating activities was $1,613,000 for the nine months ended September 30, 2008 in contrast to $350,000 from April 6, 2007,
inception, through September 30, 2007. The main uses of cash included merger expenses, research and development costs and salaries.
Net cash used by investing activities was $1,484,000 for the nine months ended September 30, 2008 in contrast to an increase of cash from investing
activities of $329,000 from April 6, 2007, inception, through September 30, 2007. The cash used by investment activities during the nine months ended September 30, 2008 primarily
was attributable to the purchase of Cervical, Uni, Accelerated Innovation offset by the cash received from the reverse merger with ClicknSettle.
Our net cash provided by financing activities was $6,775,000 for the nine months ended September 30, 2008 in contrast to $1,250,000 from April 6, 2007,
inception, through September 30, 2007 respectively, reflecting the proceeds from the Frost led group investment. This was offset by the purchase of Accin's ownership interest.

Over the next 12 months, we intend to use our capital to accelerate our research and product development, to add internal sales and financing personnel, to
increase in-house vendor-related operations, and for working capital.

In May 2007, we raised an aggregate of $5,000,000 in capital contributions as the initial capitalization in connection with the formation of Cardo.  Thereafter,
also in May 2007, Accin contributed substantially all of its business, properties and assets, including its majority interests in Cervical Xpand and Uni-Knee, to Accelerated, and we
contributed $3,750,000 to Accelerated, which amount was distributed to Accin.  This resulted in Cardo owing a 37.5% ownership interest in Accelerated, and Accin owning a 62.5%
ownership interest with an option to acquire25the ownership interest from Accin for a purchase price of $6,250,000.  After the capital contribution to Accelerated, Cardo had remaining cash of $1,250,000.

In February 2008, Cardo borrowed $1,200,000 from the trustee of a member of Cardo to partially finance the acquisition of the minority interests of Cervical
Xpand and Uni-Knee for an aggregate purchase price of $3,486,690. This $1,200,000 million was repaid in July 2008.

On June 19, 2008, simultaneously with the signing of the Merger Agreement, Frost Gamma Investments Trust and other investors invested $9,500,000 in
Cardo in exchange for units of Cardo's membership interests.  Dr. Phillip Frost, Chairman and Chief Executive Officer of Opko Health, Inc. (formerly known as eXegenics Inc.), is the
trustee and beneficiary of Frost Gamma Investments Trust.  Certain other investors invested an additional $3,475,000 in Cardo before the consummation of the Merger.  Proceeds
from these investments were used to close on the acquisition of the outstanding equity interests of Accelerated, Cervical Xpand and Uni-Knee, and to enable Cardo to accelerate its
research and product development.  Following the acquisitions, Cardo directly owns 100% of the equity interests of Accelerated Innovation, Cervical Xpand and Uni-Knee, as
described above.  Of these investment amounts, $2,100,000 remains available for use by us to accelerate our research and product development.
To achieve our growth objectives, we are considering different strategies, including growth through acquisitions. As a result, we are evaluating and we will
continue to evaluate other companies and businesses for potential synergies that would add value to our existing operations.
At November 14, 2008, we have $3,900,000 in cash which is projected to meet all of our working capital needs for the next twelve months.

Forward-Looking Statements

Some of the statements in this Quarterly Report on Form 10-Q are "forward-looking statements," as that term is defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current matters. Rather, forward-looking statements are predictive in nature and may
depend upon or refer to future events, activities or conditions. Although we believe that these statements are based upon reasonable assumptions, we cannot provide any
assurances regarding future results. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a
result of new information, future events or otherwise. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to
risks and uncertainties. Many factors could cause our actual activities or results to differ materially from the activities and results anticipated in forward-looking statements.

These factors include the following:


We expect to incur significant losses, either directly or indirectly through the companies in which we develop our products, for at least the next several
years, and we cannot assure you that we will ever be profitable.

26

---



- We have a limited number of products currently available for sale and there is a high risk that our research and development efforts might not
successfully generate any viable product candidates in the future.
- We may need to raise additional funds in the future to fund our operations and research, and these funds may not be available on acceptable terms, if at
all.
- Cost containment measures, pressure from our competitors and availability of medical reimbursement may impact our ability to sell our products at
prices necessary to expand our operations and reach profitability.
- We must convince orthopedic and spine surgeons that our products are an attractive alternative to existing surgical treatments of orthopedic and spine
disorders.
- We generally do not have long-term contracts with our customers.
- Our business plan relies on certain assumptions about the market for our products, which, if incorrect, may adversely affect our business and
profitability.
- We expect to face significant competition as a result of the rapid technological changes in the medical devices industry, which could have an adverse
effect on our business, financial condition or results of operations.
- Hospitals, surgeons, distributors and agents may have existing relationships with other medical device companies that make it difficult for us to establish
new relationships with them. As a result, we may not be able to sell and market our products effectively.
- Our manufacturers may be unsuccessful in manufacturing products at the levels required to meet future market demand.
- We rely on single source manufacturers, which could impair our ability to meet demand for delivering our products in a timely manner or within our
budget.
- If a natural or man-made disaster strikes a facility in which our products are manufactured, we could be unable to deliver our products for a substantial
amount of time and our sales could decline.
- Our growth will depend on developing new products or product enhancements, requiring significant research and development, clinical trials and
regulatory approvals, all of which are expensive and time-consuming and may not result in a commercially viable product.
- If we choose to grow our business by acquiring new and complementary businesses, products or technologies, we may be unable to complete these
acquisitions or successfully integrate them in a cost-effective and non-disruptive manner.
- We rely on our independent sales distributors and sales representatives to market and sell our products.
- We are dependent on the services of Andrew A. Brooks, M.D. and Mikhail Kvitnitsky, and the loss of either of them could harm our business.
- Failure to attract and retain skilled personnel and cultivate key academic collaborations will delay product development programs and business
development efforts.
- If conflicts arise between collaborators or advisors and us, any of these parties may act in its self-interest, which may be adverse to our
interests.
- If we fail to properly manage our anticipated growth, our business could suffer.
- If we fail to upgrade our management information systems, or if those systems do not operate as expected, we could experience significant disruption of
our business and product developments and our results could suffer.

27

---



- If we decide to market and sell our devices and products internationally, we would be subject to various risks relating to our international activities, which
could negatively impact our business and financial results.
- We are subject to substantial governmental regulation that could change and thus force us to make modifications to how we develop, manufacture and
price our products.
- Federal regulatory reforms may adversely affect our ability to sell our products profitably.
- We have not yet collected long-term clinical data to support the safety of our products, and our products may, therefore, prove to be less safe and
effective than initially thought.
- The FDA requires us to obtain new Section 510(k) clearances or premarket approvals for modifications to our approved products. Otherwise, we may
have to cease marketing, or to recall, the modified products until clearances are obtained.
- If we or our third-party manufacturers fail to comply with the FDA's Quality System Regulations, the manufacture of our products could be interrupted
and our product sales and operating results could suffer.
- We are subject to various complex laws and regulations. Compliance with these laws and regulations is costly and time-consuming, and failure to
comply with them can have adverse consequences on our business.
- Some proponents have advocated the creation of a national database or registry that tracks how patients with artificial joints fare. Any requirement for
surgeons to participate in such a registry may adversely affect our ability to sell our products profitably.
- We are an early-stage orthopedic medical device company with a limited operating history and our business may not become profitable.
- We acquired all of the ownership interests in an existing entity that may have undisclosed liabilities.
- Cardo's acquisition of Accin's assets in May 2007 may make it difficult for you to evaluate our historical and future performance.
- Our quarterly financial results are likely to fluctuate significantly because our sales prospects are uncertain.
- If we cannot adequately protect our patents and other intellectual property rights, we may lose market share to our competitors and be unable to operate
our business profitably.
- Changes to intellectual property laws may negatively impact our ability to protect our intellectual property.
- Our commercial success depends significantly on our ability to operate without infringing the patents and other proprietary rights of third
parties.
- The medical device industry is characterized by patent and other intellectual property litigation, and we could become subject to litigation that could be
costly, result in diverting management's time and efforts, require us to pay damages, and/or prevent us from marketing our existing or future products.
- Patent infringement lawsuits brought against us could have a material adverse affect on our ability to develop and sell our products and to operate
profitably.
- We may be subject to damages resulting from claims that we or our employees or consultants have wrongfully used or disclosed alleged trade secrets of
their former employers.

28

---



- Some countries may require us to grant compulsory licenses to third parties. These licenses could be extended to include some of our products or
potential product, which may limit our potential revenue opportunities.
- Fluctuations in the cost and availability of insurance could adversely affect our profitability or our risk management profile.
- Potential future product liability claims and other litigation, including contract litigation, may adversely affect our business, reputation and ability to attract
and retain customers.
- Any claims relating to our making improper payments to physicians for consulting services, or other potential violations of regulations governing
interactions between us and healthcare providers, could be time-consuming and costly.
- Our common stock may be thinly traded.
- We expect that the price of our common stock will fluctuate substantially, potentially adversely affecting the ability of investors to sell their
shares.
- We may become involved in securities class action litigation that could divert management's attention and harm its business.
- Securities analysts may elect not to report on our common stock or may issue negative reports that adversely affect the price of our common
stock.
- Because we acquired Cardo by means of a reverse merger, we may not be able to attract the attention of major brokerage firms.
- Anti-takeover provisions in our charter documents and Delaware law may discourage or prevent a change in control, even if an acquisition would be
beneficial to our shareholders, which could affect our stock price adversely and prevent attempts by our shareholders to replace or remove our current management.
- Because our common stock may be a "penny stock," it may be more difficult for investors to sell shares of our common stock, and the market
price of our common stock may be adversely affected.
- A significant number of shares will become eligible for future sale by our shareholders and the sale of those shares could adversely affect the stock
price.
- Directors, executive officers, principal shareholders and affiliated entities own a significant percentage of our capital stock, and they may make decisions
that you do not consider to be in the best interests of our shareholders.
- Our stock price could decline as a result of our failure to meet reporting and other regulatory requirements.
- If we do not implement necessary improvements to our internal control over financial reporting in an efficient and timely manner, or if we discover
additional deficiencies and weaknesses in existing systems and controls, we could be subject to regulatory enforcement and investors may lose confidence in our ability to operate in
compliance with existing internal control rules and regulations, either of which could result in a decline in our share price.
- Our status as a public company may make it more difficult to attract and retain officers and directors.
- Compliance with changing regulations concerning corporate governance and public disclosure may result in additional expenses.
- We do not intend to pay cash dividends. Any return on investment may be limited to the value of our common stock, if any.

29

---



- Shareholders may experience significant dilution if future equity offerings are used to fund operations or acquire complementary businesses.
- Our Certificate of Incorporation grants our Board of Directors the power to designate and issue additional shares of common and/or preferred
stock.

Additional information concerning these factors can be found in our filings with the SEC. Forward-looking statements in this Quarterly Report on
Form 10-Q should be evaluated in light of these important factors.

ITEM 4 - CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted
an evaluation of our disclosure controls and procedures, as such term is defined in Exchange Act Rules 13a-15(e) and 15d-15(e)  promulgated under the
Securities Exchange Act of 1934, as of September 30, 2008, the end of the period covered by this quarterly report. Based on their evaluation, our principal executive officer and
principal financial officer concluded that, due to the existence of material weaknesses, our disclosure controls and procedures
are not effectiveas of September 30, 2008.

Management identified material weaknesses which were reported in our Current Report on Form 8-K, filed with the Securities and Exchange Commission on
September 9, 2008, under Item 1A. Risk Factors and Item 2. Financial Information - Management's Discussion and Analysis of Financial Condition and Results of Operation of
Cardo.  Except as set forth below, there have been no changes to the identified material weaknesses.

In an effort to mitigate and remediate some of these material weaknesses, management hired additional accounting staff during the quarter ended
September 30, 2008. In addition, we have started to implement standards and procedures, upgrading and establishing controls over the accounting system to ensure we have
appropriate internal control over financial reporting.

Based on the evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial
officer, other than the change described above, there have been no other changes in our internal control over financial reporting during our last fiscal quarter, identified in connection
with that evaluation, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

30

---





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

On September 16, 2008, the holders of approximately 60% of the Company's common stock approved an Amendment to the Company's Amended and
Restated Certificate of Incorporation to change the Company's name from "clickNsettle.com, Inc." to "Cardo Medical, Inc." The action was taken by written
consent in lieu of a special meeting of the Company's stockholders in accordance with the relevant sections of the Delaware General Corporate Law. The Amendment required the
approval of an aggregate of greater than one-half of the Company's issued and outstanding common stock. The Amendment was previously approved by our Board of Directors on
September 12, 2008.

Item 5	Other Information

On August 27, 2008, the managers of Cardo Medical, LLC granted Derrick Romine, Chief Financial Officer of the Company, an option to purchase
..704431 units with an exercise price per unit of $147,625.00.  The vesting schedule provides that twenty percent (20%) of the option will vest upon the first anniversary of the date of
grant and an additional twenty (20%) will vest upon each anniversary of the date of grant thereafter.  The option and the rights to purchase the units covered by the option will expire
on the close of business on the tenth anniversary of the date of grant.

Upon the termination of Mr. Romine's services by the Company without "cause", or by Mr. Romine for "good reason", as such terms are defined in the Option
Agreement, at any time on or prior to September 4, 2010, fifty percent (50%) of Mr. Romine's unvested options shall become fully exercisable as of the date of termination of his
service for such reason (the "Termination Date") and, together with any vested options then held by Mr. Romine at the Termination Date, to the extent exercisable on the
Termination Date, shall remain in full force and effect and may be exercised pursuant to the provisions of the Option Agreement at any time until the earlier of the end of the fixed
term thereof and the expiration of ninety (90) days following the Termination Date (except that this ninety (90)-day period will be extended to twelve (12) months from the
Termination Date if Mr. Romine dies during this ninety (90)-day period), and all options then held by Mr. Romine, to the extent not then presently exercisable, shall terminate as of
the Termination Date and shall not be exercisable thereafter.

31

---



In connection with the merger that was completed on August 29, 2008, the option automatically converted to an option to purchase 470,000 shares of
common stock of clickNsettle.com, Inc. at an exercise price of $0.22126 per share.

Item 6 Exhibits

Exhibits

The following exhibits are filed as part of, or incorporated by reference into this Report:



|Exhibit Number |  | Exhibit Title                                                                                                                                                                            
|-------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|10.1           |  | Nonstatutory Option Agreement, dated August 27, 2008, by and between Cardo Medical, LLC and Derrick Romine.* (Previously filed)                                                          
|31.1           |  | Certification of Andrew Brooks, Chief Executive Officer of Cardo Medical, Inc., as adopted pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.                                    
|31.2           |  | Certification of Derrick Romine, Chief Financial Officer of Cardo Medical, Inc., as adopted pursuant to Section 302
of the Sarbanes-Oxley Act of 2002.                                   
|32.1           |  | Certification of Andrew Brooks, Chief Executive Officer of Cardo Medical, Inc. pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 
|32.2           |  | Certification of Derrick Romine, Chief Financial Officer of Cardo Medical, Inc. pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

* This Exhibit is a management contract or compensatory plan or arrangement.

32

---



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.

Date: March 30, 2009



| | CARDO MEDICAL, INC.
| | -------------------
| |                    
| |                    
| | By:                
| |                    
| |                    
| |                    
| |                    
| | By:                
| |                    
| |                    

33

---



INDEX TO EXHIBITS



|ExhibitNumber |  | Exhibit Title                                                                                                                                                                                   
|------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|10.1          |  | Nonstatutory Option Agreement, dated August 27, 2008, by and between Cardo Medical, LLC and Derrick
Romine.* (Previously filed)                                                                 
|31.1          |  | Certification of Andrew Brooks, Chief Executive Officer of Cardo Medical, Inc., as adopted pursuant to Section 302
of the Sarbanes-Oxley Act of 2002.    PDF                                    
|31.2          |  | Certification of Derrick Romine, Chief Financial Officer of Cardo Medical, Inc., as adopted pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002.    PDF                                   
|32.1          |  | Certification of Andrew Brooks, Chief Executive Officer of Cardo Medical, Inc. pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.    PDF 
|32.2          |  | Certification of Derrick Romine, Chief Financial Officer of Cardo Medical, Inc. pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.    PDF

*   This Exhibit is a management contract or compensatory plan or arrangement.









34

---