U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



FORM 10-QSB



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



For the quarterly period ended December 31, 2007



OR



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



For the transition period from _________ to __________





| |                                                    | 
| | -------------------------------------------------- | 
| | CONCIERGE TECHNOLOGIES, INC.                       | 
| | (Exact name of registrant as specified in charter) | 





|                                               |  |                          |  |                                  
|---------------------------------------------- |  | ------------------------ |  | ---------------------------------
|Nevada                                         |  | 000-29913                |  | 95-4442384                       
|(State or other jurisdiction
of incorporation) |  | (Commission File Number) |  | (IRS Employer
Identification No.)





| |                                                       | 
| | ----------------------------------------------------- | 
| | 3615 Superior Avenue, Suite 3100A Cleveland, OH 44144 | 
| | (Address of principal executive offices)              | 





| |                                                      | 
| | ---------------------------------------------------- | 
| | 818-610-0310                                         | 
| | (Registrants Telephone Number, including Area Code) | 



| |                                                                                                                   | 
| | ----------------------------------------------------------------------------------------------------------------- | 
| | 22048 Sherman Way, Suite 301 Canoga Park, CA 91303
(818) 610-0310                                                 | 
| | (Former address and telephone number of registrant's principal
executive offices and principal place of business) | 



Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes   x   No o



As of February 1, 2008, there were 178,231,867 shares of the Registrant’s Common Stock, $0.001 par value, outstanding and 5 million shares of its Series A Convertible Voting Preferred Stock, par value $0.001, outstanding.



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



Transitional Small Business Disclosure Format (check one):  Yes o   No x









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TABLE OF CONTENTS



|                                                                  |     
|----------------------------------------------------------------- | ----
|                                                                  | Page
|PART I - FINANCIAL INFORMATION                                    | 3   
|Item 1.    Financial Statements                                   | 3   
|Item 2.
Managements Discussion and Analysis or Plan of Operation | 15  
|Item 3.
Controls and Procedures                                   | 16  
|PART II  OTHER INFORMATION                                       | 17  
|Item 6.
Exhibits and Reports on Form 8-K                          | 17  
|SIGNATURES                                                        | 19  













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PART I  FINANCIAL INFORMATION



ITEM 1.

FINANCIAL STATEMENTS



|                                                                                                                                                                                     |     
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ----
|                                                                                                                                                                                     | Page
|Balance Sheet December 31, 2007 (Unaudited)                                                                                                                                          | 4   
|Consolidated Statements of Operations For The Six Month Periods Ended December 31, 2007 and 2006 and the Period from September 20, 1996 (Inception) to December 31, 2007 (Unaudited) | 5   
|Statements of Cash Flows For The Six Month Periods Ended December 31, 2007 and 2006 and the Period from September 20, 1996 (Inception) to December 31, 2007 (Unaudited)              | 6   
|Notes to Unaudited Financial Statements                                                                                                                                              | 7   









3





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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

CONSOLIDATED BALANCE SHEET

December 31, 2007

(UNAUDITED)



|                                                                                                  |  |   |            |  
|------------------------------------------------------------------------------------------------- |  | - | ---------- | -
|ASSETS                                                                                            |  |   |            |  
|                                                                                                  |  |   |            |  
|CURRENT ASSETS:                                                                                   |  |   |            |  
|Cash & cash equivalents                                                                           |  | $ | 2,564      |  
|Other current assets                                                                              |  |   | 647        |  
|Total current assets                                                                              |  |   | 3,211      |  
|                                                                                                  |  |   |            |  
|Property and Equipment, net                                                                       |  |   | 30,105     |  
|Total Assets                                                                                      |  | $ | 33,316     |  
|LIABILITIES AND STOCKHOLDERS' DEFICIT                                                             |  |   |            |  
|CURRENT LIABILITIES:                                                                              |  |   |            |  
|Accounts payable and accrued expenses                                                             |  | $ | 274,934    |  
|Advance subscription                                                                              |  |   | 825        |  
|Notes payable - related parties                                                                   |  |   | 142,500    |  
|Total current liabilities                                                                         |  |   | 418,259    |  
|STOCKHOLDERS' DEFICIT:                                                                            |  |   |            |  
|Preferred stock, par value $.001 per share; 10,000,000 
shares authorized; none issued            |  |   |           |  
|Common stock, $.001 par value; 190,000,000 shares 
authorized; issued and outstanding 177,322,777 |  |   | 177,323    |  
|Additional paid in capital                                                                        |  |   | 3,361,337  |  
|Deficit accumulated during the development stage                                                  |  |   | (3,923,604 | )
|Total stockholders' deficit                                                                       |  |   | (384,943   | )
|Total liabilities & stockholders' deficit                                                         |  | $ | 33,316     |  



The accompanying notes are an integral part of these unaudited financial statements.



4





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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTH AND SIX MONTH PERIODS ENDED DECEMBER 31, 2007 AND 2006

AND FOR THE PERIOD FROM SEPTEMBER 20, 1996 (INCEPTION) TO DECEMBER 31, 2007

(UNAUDITED)



|                                                                     |  |                                                  |             |                                                |   |             |   |      |             |   |   |             |   |                                                                               |            |  
|-------------------------------------------------------------------- |  | ------------------------------------------------ | ----------- | ---------------------------------------------- | - | ----------- | - | ---- | ----------- | - | - | ----------- | - | ----------------------------------------------------------------------------- | ---------- | -
|                                                                     |  |                                                  |             |                                                |   |             |   |      |             |   |   |             |   | For The 
Period From 
September 20, 
1996 
(Inception) to 
December 31, 
2007 |           
|                                                                     |  | For The 
Three Month Periods Ended 
December 31, |             | For The 
Six Month Periods Ended 
December 31, |   |            
|                                                                     |  | 2007                                             |             | 2006                                           |   | 2007        |   | 2006 |             |  
|                                                                     |  |                                                  |             |                                                |   |             |   |      |             |   |   |             |   |                                                                               |            |  
|NET REVENUE                                                          |  | $                                                | 2,878       |                                                | $ |            |   | $    | 3,753       |   | $ |            |   | $                                                                             | 3,753      |  
|Cost of Revenue                                                      |  |                                                  | 9,695       |                                                |   |            |   |      | 17,526      |   |   |            |   |                                                                               | 17,526     |  
|GROSS LOSS                                                           |  |                                                  | (6,817      | )                                              |   |            |   |      | (13,774     | ) |   |            |   |                                                                               | (13,773    | )
|OPERATING EXPENSES                                                   |  |                                                  |             |                                                |   |             |   |      |             |   |   |             |   |                                                                               |            |  
|Product Launch Expenses                                              |  |                                                  |            |                                                |   |            |   |      |            |   |   |            |   |                                                                               | 1,077,785  |  
|Impairment of Assets                                                 |  |                                                  |            |                                                |   |            |   |      |            |   |   |            |   |                                                                               | 988,443    |  
|General & Administrative Expenses                                    |  |                                                  | 10,526      |                                                |   | 35,762      |   |      | 37,936      |   |   | 41,782      |   |                                                                               | 1,597,935  |  
|TOTAL OPERATING EXPENSES                                             |  |                                                  | 10,526      |                                                |   | 35,762      |   |      | 37,936      |   |   | 41,782      |   |                                                                               | 3,664,163  |  
|LOSS FROM OPERATIONS                                                 |  |                                                  | (17,344     | )                                              |   | (35,762     | ) |      | (51,710     | ) |   | (41,782     | ) |                                                                               | (3,677,937 | )
|OTHER INCOME (EXPENSES)                                              |  |                                                  |             |                                                |   |             |   |      |             |   |   |             |   |                                                                               |            |  
|Other Income                                                         |  |                                                  |            |                                                |   |            |   |      |            |   |   | 5           |   | $                                                                             | 167        |  
|Unallocated accrued expenses reversed                                |  |                                                  |            |                                                |   |            |   |      |            |   |   |            |   |                                                                               | 150,123    |  
|Settlement Income/(Loss)                                             |  |                                                  |            |                                                |   |            |   |      |            |   |   |            |   |                                                                               | 52,600     |  
|Loss on debt settlement                                              |  |                                                  |            |                                                |   |            |   |      |            |   |   |            |   |                                                                               | (23,033    | )
|Litigation Settlement                                                |  |                                                  |            |                                                |   |            |   |      |            |   |   |            |   |                                                                               | (135,000   | )
|TOTAL OTHER INCOME                                                   |  |                                                  |            |                                                |   |            |   |      |            |   |   | 5           |   |                                                                               | 44,857     |  
|LOSS BEFORE INCOME TAXES                                             |  |                                                  | (17,344     | )                                              |   | (35,762     | ) |      | (51,710     | ) |   | (41,777     | ) |                                                                               | (3,633,080 | )
|Provision for Income Taxes                                           |  |                                                  |            |                                                |   | 1,600       |   |      | 800         |   |   | 1,600       |   |                                                                               | 12,000     |  
|NET LOSS                                                             |  | $                                                | (17,344     | )                                              | $ | (37,362     | ) | $    | (52,510     | ) | $ | (43,377     | ) | $                                                                             | (3,645,080 | )
|WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING, BASIC & DILUTED |  |                                                  | 177,322,777 |                                                |   | 145,607,964 |   |      | 177,322,777 |   |   | 143,950,356 |   |                                                                               |            |  
|*BASIC AND DILUTED NET LOSS PER SHARE                                |  | $                                                | (0.00       | )                                              | $ | (0.00       | ) | $    | (0.00       | ) | $ | (0.00       | ) |                                                                               |            |  



* Weighted average number of shares used to compute basic and diluted loss per share is the same as the effect of dilutive securities are anti dilutive.



The accompanying notes are an integral part of these unaudited financial statements.



5





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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTH PERIODS ENDED DECEMBER 31, 2007 AND 2006

AND FOR THE PERIOD FROM SEPTEMBER 20, 1996 (INCEPTION) TO DECEMBER 31, 2007

(UNAUDITED)



|                                                                             |  |                                                |         |                                                                               |   |         |   |   |            |  
|---------------------------------------------------------------------------- |  | ---------------------------------------------- | ------- | ----------------------------------------------------------------------------- | - | ------- | - | - | ---------- | -
|                                                                             |  | For The 
Six Month Periods Ended 
December 31, |         | For The 
Period From 
September 20, 
1996 
(Inception) to 
December 31, 
2007 |  
|                                                                             |  | 2007                                           |         | 2006                                                                          |   |        
|                                                                             |  |                                                |         |                                                                               |   |         |   |   |            |  
|CASH FLOWS FROM OPERATING ACTIVITIES:                                        |  |                                                |         |                                                                               |   |         |   |   |            |  
|Net loss                                                                     |  | $                                              | (52,510 | )                                                                             | $ | (43,377 | ) | $ | (3,645,080 | )
|Adjustments to reconcile net loss to net cash used in 
operating activities: |  |                                                |         |                                                                               |   |         |   |   |            |  
|Impairment of asset                                                          |  |                                                |        |                                                                               |   |        |   |   | 742,643    |  
|Depreciation and amortization                                                |  |                                                | 3,167   |                                                                               |   |        |   |   | 16,630     |  
|Stock issued for services                                                    |  |                                                |        |                                                                               |   | 25,000  |   |   | 531,352    |  
|Loss on settlement of debts                                                  |  |                                                |        |                                                                               |   |        |   |   | 23,033     |  
|Unallocated accrued expense reversed                                         |  |                                                |        |                                                                               |   |        |   |   | (150,123   | )
|(Increase) Decrease in current assets:                                       |  |                                                |         |                                                                               |   |         |   |   |            |  
|Prepaid expense                                                              |  |                                                |        |                                                                               |   |        |   |   | (245,800   | )
|Other asset                                                                  |  |                                                | 22,704  |                                                                               |   |        |   |   | (646       | )
|Increase (decrease) in current liabilities:                                  |  |                                                |         |                                                                               |   |         |   |   |            |  
|Advance subscription                                                         |  |                                                | 825     |                                                                               |   |        |   |   | 825        |  
|Accrued expenses                                                             |  |                                                | 16,428  |                                                                               |   | 14,957  |   |   | 340,525    |  
|Net cash used in operating activities                                        |  |                                                | (9,386  | )                                                                             |   | (3,420  | ) |   | (2,386,642 | )
|CASH FLOWS FROM INVESTING ACTIVITIES:                                        |  |                                                |         |                                                                               |   |         |   |   |            |  
|Cash received on acquisition of subsidiary                                   |  |                                                |        |                                                                               |   |        |   |   | 2,912      |  
|Purchase of equipment                                                        |  |                                                | (3,110  | )                                                                             |   |        |   |   | (46,491    | )
|Net cash provided by (used in) investing activities                          |  |                                                | (3,110  | )                                                                             |   |        |   |   | (43,579    | )
|CASH FLOWS FROM FINANCING ACTIVITIES:                                        |  |                                                |         |                                                                               |   |         |   |   |            |  
|Receipts from (payment to) related party                                     |  |                                                |        |                                                                               |   | 155     |   |   | 52,500     |  
|Proceeds from Issuance of Shares                                             |  |                                                |        |                                                                               |   |        |   |   | 677,007    |  
|Proceeds from stock subscription forfeited                                   |  |                                                |        |                                                                               |   |        |   |   | 10,000     |  
|Proceeds from advance subscriptions                                          |  |                                                |        |                                                                               |   |        |   |   | 1,772,983  |  
|Costs and expenses of advance subscriptions                                  |  |                                                |        |                                                                               |   |        |   |   | (79,710    | )
|Net cash provided by financing activities                                    |  |                                                |        |                                                                               |   | 155     |   |   | 2,432,781  |  
|NET INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS                           |  |                                                | (12,496 | )                                                                             |   | (3,265  | ) |   | 2,564      |  
|CASH & CASH EQUIVALENTS, BEGINNING BALANCE                                   |  |                                                | 15,060  |                                                                               |   | 3,865   |   |   |           |  
|CASH & CASH EQUIVALENTS, ENDING BALANCE                                      |  | $                                              | 2,564   |                                                                               | $ | 600     |   | $ | 2,564      |  



The accompanying notes are an integral part of these unaudited financial statements.



6





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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





1.

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION



Concierge Technologies, Inc., (the Company), a California corporation, was incorporated on August 18, 1993 as Fanfest, Inc.  In August 1995 the Company changed its name to Starfest, Inc.  During 1998, the Company was inactive, just having minimal administrative expenses.  During 1999 the Company attempted to pursue operations in the online adult entertainment field.  There were no revenues from this endeavor.  On March 20, 2002, the Company changed its name to Concierge Technologies, Inc.



In March 2000, the Company acquired approximately 96.83 percent (8,250,000 shares) of the common stock of MAS Acquisition XX Corp. (MAS XX) for $314,688.  This amount was expensed in March 2000 as at the time of the acquisition, MAS XX had no assets or liabilities and was inactive. On March 21, 2002, the Company consummated a merger with Concierge, Inc.



Concierge, Inc. (CI) was a development stage enterprise incorporated in the state of Nevada on September 20, 1996.  The CI had undertaken the development and marketing of a new technology, a unified messaging product “The Personal Communications Attendant” (“PCATM”). “PCATM” will provide a means by which the user of Internet e-mail can have e-mail messages spoken to him/her over any touch-tone telephone or wireless phone in the world.  To-date, the Company has not earned any revenue from this venture.



On April 6, 2004 the Company entered into a Stock Purchase Agreement with Planet Halo, Inc. (PHI) whereby, the Company purchased all of the outstanding and issued shares of PHI in exchange for 10 million shares of the Companys common stock valued at $500,000.  On May 5, 2004 the Company issued the shares on a ratio of 8.232 shares of its common stock to each share of PHI stock to the former shareholders of PHI. The existing PHI shares were then retired and cancelled.  The Company is now the sole shareholder of PHI, a Nevada corporation.  On May 5, 2004 the President of PHI was officially appointed to the Board of Directors of the Company along with one other PHI named appointee.



PHI is a development stage company in the wireless telecommunications industry and plans to design, construct, and operate wireless networks providing subscribers with access to the Internet and related services. Planet Halo also retains an exclusive North America license to a proprietary integrated wireless gateway interface to the Internet named "Halomail, which the company plans to implement across its developing wireless networks.



On October 30, 2007 the Company entered into a definitive Stock Purchase Agreement to acquire all of the issued and outstanding shares of privately held Wireless Village, a Nevada corporation based in Cleveland, Ohio. The purchase price will be paid with 5,000,000 shares of a new class of stock, Series A Convertible, Voting Preferred Stock, $0.001 par value, issued pro-rata to the shareholders of Wireless Village. Closing of the transaction is conditional upon the completion of the criteria of Agreement, including, but not limited to, submission of the audited financial statements of Wireless Village, the consent of the shareholders of Wireless Village, and the approvals of the respective boards of directors of Concierge and Wireless Village as well as regulatory approvals.



Wireless Village is a privately held Nevada corporation based in Cleveland, Ohio and has been providing technical services to Planet Halo on an ongoing basis since May 2007. Wireless Village designs, installs, maintains and operates wireless network providing high speed Internet access to consumers and businesses. Wireless Village also hosts web sites, provides customer service and billing platforms for Planet Halo and other clientele.



The Company is a development stage company as defined in Statement of Financial Accounting Standards (SFAS) No. 7, Accounting and Reporting by Development Stage Enterprises. The Company is devoting substantially all of its present efforts to establishing its new business, and its planned principal operations have not yet commenced. All losses accumulated since inception have been considered as part of the Company's development stage activities.





7



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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





2.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



BASIS OF PREPARATION



The accompanying Interim Condensed Financial Statements are prepared in accordance with rules set forth in Regulation SB of the Securities and Exchange Commission.  Accordingly, these statements do not include all disclosures required under generally accepted principles and should be read in conjunction with the audited financial statements included in the Companys Form 10-KSB for the year ended June 30, 2007.  In the opinion of management, all adjustments consisting of normal reoccurring accruals have been made to the financial statements.  The results of operation for the six month period ended December 31, 2007 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2008.



PRINCIPLES OF CONSOLIDATION



The accompanying condensed consolidated financial statements include the accounts of Concierge Technologies, Inc. (parent) and its wholly owned subsidiary, Planet Halo, Inc.  All significant inter-company transactions and accounts have been eliminated in consolidation.



USE OF ESTIMATES



The preparation of financial statements is in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.



BASIC AND DILUTED NET LOSS PER SHARES



Net loss per share is calculated in accordance with the Statement of financial accounting standards No. 128 (SFAS No. 128), Earnings per share. SFAS No. 128 superseded Accounting Principles Board Opinion No.15 (APB 15).  Net loss per share for all periods presented has been restated to reflect the adoption of SFAS No. 128. Basic net loss per share is based upon the weighted average number of common shares outstanding.  Diluted net loss per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method.  Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. As of December 31, 2007 the Company does not have any dilutive securities.



REVENUE RECOGNITION



For sales of the PCA product and software, revenue is recognized when earned. The Company's revenue recognition policies are in compliance with all applicable accounting regulations, including American Institute of Certified Public Accountants (AICPA) Statement of Position (SOP) 97-2, Software Revenue Recognition, SOP 98-9, Modification of SOP 97-2 and Staff accounting bulletin (SAB) 104. Revenue from license programs is recorded when the software has been delivered and the customer is invoiced. Revenue from packaged product sales to and through distributors and resellers is recorded when related products are shipped. When the revenue recognition criteria required for distributor and reseller arrangements are not met, revenue is recognized as payments are received. Costs related to insignificant obligations, which include telephone support for certain products, are accrued. Provisions are recorded for returns, concessions and bad debts. Cost of revenue includes direct costs to produce and distribute product and direct costs to provide online services, consulting, product support, and training and certification of system integrators. Research and development costs are expensed as incurred. The company did not earn any revenue related to the PCA product or software during the 6 month periods ended December 31, 2007.





8



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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





The Company, through Planet Halo, also sells subscriptions to its wireless Internet access service in various increments, including daily, weekly, monthly and yearly. Transactions are completed online through credit card entries by the customer. Sales are recorded at the time the transaction is approved by the financial institution and revenues are earned over the life of the service term. Unearned or deferred revenues received or accounts receivable accrued, are recorded as advance subscriptions. For the 6-month period ending December 31, 2007, subscription sales were recorded as $3573, and unearned, advance subscriptions, as $825. Accounts receivable for the 6 month period was recorded as $417 included as part of other current assets as the amount is not significant.



The company occasionally purchases consumer hardware for configuration prior to release to subscribers. These items are listed in inventory and, when sold, recorded as hardware sales. These amounts are expected to remain insignificant. Hardware sales for the 6 month period ending December 31, 2007 totaled $180. Inventory at the end of the period totaled $196 included as part of other current assets as the amount is not significant.



There were no revenues recorded for the 6 month period ending December 31, 2006 as the Company was not engaged in commercial operations.



INCOME TAXES



The Company utilizes SFAS No. 109, "Accounting for Income Taxes," which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.



RECLASSIFICATIONS



Certain prior period amounts have been reclassified to conform to the current periods presentation.



3.

RECENT PRONOUNCEMENTS



In September 2006, FASB issued SFAS 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 Board 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. The management is currently evaluating the effect of this pronouncement on financial statements.



In September 2006, FASB issued SFAS 158 Employers Accounting for Defined Benefit Pension and Other Postretirement Plansan amendment of FASB Statements No. 87, 88, 106, and 132(R) This Statement improves financial reporting by requiring an employer to recognize the overfunded or underfunded status of a defined benefit postretirement plan (other than a multiemployer plan) as an asset or liability in its statement of financial position and to recognize changes in that funded status in the year in which the changes occur through comprehensive income of a business entity or changes in unrestricted net assets of a not-for-profit organization. This Statement also improves financial reporting by requiring an employer to measure the funded status of a plan as of the date of its year-end statement of financial position, with limited exceptions. An employer with publicly traded equity securities is required to initially recognize the funded status of a defined benefit postretirement plan and to provide the required disclosures as of the end of the fiscal year ending after December 15, 2006. An employer without publicly traded equity securities is required to recognize the funded status of a defined benefit postretirement plan and to provide the required disclosures as of the end of the fiscal year ending after June 15, 2007. However, an employer without



9



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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





publicly traded equity securities is required to disclose the following information in the notes to financial statements for a fiscal year ending after December 15, 2006, but before June 16, 2007, unless it has applied the recognition provisions of this Statement in preparing those financial statements:



a.

A brief description of the provisions of this Statement



b.

The date that adoption is required



c.

The date the employer plans to adopt the recognition provisions of this Statement, if earlier.



The requirement to measure plan assets and benefit obligations as of the date of the employers fiscal year-end statement of financial position is effective for fiscal years ending after December 15, 2008. The management is currently evaluating the effect of this pronouncement on financial statements.



In February 2007, FASB issued FASB Statement No. 159, The Fair Value Option for Financial Assets and Financial Liabilities. FAS 159 is effective for fiscal years beginning after November 15, 2007. Early adoption is permitted subject to specific requirements outlined in the new Statement. Therefore, calendar-year companies may be able to adopt FAS 159 for their first quarter 2007 financial statements.



The new Statement allows entities to choose, at specified election dates, to measure eligible financial assets and liabilities at fair value that are not otherwise required to be measured at fair value. If a company elects the fair value option for an eligible item, changes in that item's fair value in subsequent reporting periods must be recognized in current earnings. FAS 159 also establishes presentation and disclosure requirements designed to draw comparison between entities that elect different measurement attributes for similar assets and liabilities. The management is currently evaluating the effect of this pronouncement on financial statements.



In December 2007, the FASB issued SFAS No. 141 (Revised 2007), Business Combinations. The objective of this statement will significantly change the accounting for business combinations. Under Statement 141R, an acquiring entity will be required to recognize all the assets acquired and liabilities assumed in a transaction at the acquisition date fair value will limited exceptions. Statement 141 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. The Company does not expect the adoption of SFAS No. 141R to have a material impact on the consolidated financial statements.



In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements-An Amendment of ARB No. 51". The objective of this statement is to establish new accounting and reporting standards for the Noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. Statement 160 is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008. The Company does not expect the adoption of SFAS No. 160 to have a material impact on the consolidated financial statements.





10



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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





4.

GOING CONCERN



The accompanying financial statements have been prepared in conformity with generally accepted accounting principles which contemplate continuation of the Company as a going concern. However, the Company did not earn significant revenue during the 6 month period ended December 31, 2007. The Company has accumulated deficit of $3,923,604 and a net loss of $52,510 during the 6 month period ended December 31, 2007. The continuing losses have adversely affected the liquidity of the Company. Losses are expected to continue for the immediate future. The Company faces continuing significant business risks, which includes but not limited to, its ability to maintain vendor and supplier relationships by making timely payments when due.



In view of the matters described in the preceding paragraph, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon continued operations of the Company, which in turn is dependent upon the Companys ability to raise additional capital, obtain financing and to succeed in its future operations. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.



Management has taken the following steps to revise its operating and financial requirements, which it believes are sufficient to provide the Company with the ability to continue as a going concern.  Management devoted considerable effort from inception through the 6 month period ended December 31, 2007, towards (i) obtaining additional equity (ii) management of accrued expenses and accounts payable (iii) initiation of the business strategies of the Planet Halo subsidiary and (vi) closing the transaction with Wireless Village and (v) searching for suitable synergistic partners for future business combinations that generate immediate revenues.



Management believes that the above actions will allow the Company to continue operations through the next fiscal year.



5.

DUE FROM RELATED PARTY



Concierge Technologies, Inc. has no bank account in its own name. Wallen Group, a consulting company headed by the C.E.O. and director of the Company, maintains an administrative account for the Company. A balance due from Wallen Group was $34 as of December 31, 2007, included as part of other current assets as the amount is not significant. The amount due from related party is due on demand, unsecured and interest free.



6.

ACCOUNTS PAYABLE AND ACCRUED EXPENSES



Accounts payable and accrued expenses consist of the following as of December 31, 2007.



|                   |   |        
|------------------ | - | -------
|Account payable    | $ | 93,637 
|Accrued legal fees |   | 135,000
|Accrued interest   |   | 40,297 
|Others             |   | 6,000  
|Total              | $ | 274,934





11



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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





7.

NOTES PAYABLE  RELATED PARTIES



|                                                                                                                  |                   |        
|----------------------------------------------------------------------------------------------------------------- | ----------------- | -------
|Notes payable consisted of the following at                                                                       | December 31,
2007
|Notes payable to shareholder, interest rate of 8%, unsecured
and payable on October 1, 2006 (past due)            |                   | 35,000 
|Notes payable to director/shareholder, non-interest bearing
unsecured and payable on demand                       |                   | 8,500  
|Notes payable to shareholder, interest rate of 10%, unsecured,
and payable on July 31, 2004 (past due)            |                   | 5,000  
|Notes payable to shareholder, interest rate of 10%, unsecured
and payable on October 1, 2004 (past due)           |                   | 28,000 
|Notes payable to shareholder, interest rate of 8%, unsecured
and payable on October 1, 2004 (past due)            |                   | 14,000 
|Notes payable to director/shareholder, interest rate of 8%,
unsecured and payable on September 1, 2004 (past due) |                   | 3,500  
|Notes payable to shareholder, interest rate of 8%, unsecured
and payable on October 1, 2005 (past due)            |                   | 20,000 
|Notes payable to director/shareholder, interest rate of 8%,
unsecured and payable on February 1, 2006 (past due)  |                   | 5,000  
|Notes payable to director/shareholder, interest rate of 8%,
unsecured and payable on June 1, 2006 (past due)      |                   | 5,000  
|Notes payable to director/shareholder, interest rate of 8%,
unsecured and payable on February 1, 2006 (past due)  |                   | 2,500  
|Notes payable to director/shareholder, interest rate of 6%,
Unsecured and payable on September 1, 2007 (past due) |                   | 1,000  
|Notes payable to shareholder, interest rate of 8%, unsecured
and payable on November 1, 2007 (past due)           |                   | 15,000 
|Total Notes Payable                                                                                               | $                 | 142,500



The Company has recorded interest expenses, amounting to $5,738 and $5,453 for the 6 month periods ended December 31, 2007 and 2006, respectively.



8.

COMMON STOCK



There were no issuances of common stock during the 6 month period ended December 31, 2007.



9.

SUPPLEMENTAL DISCLOSURE OF CASH FLOWS



The Company prepares its statements of cash flows using the indirect method as defined under the Financial Accounting Standard No. 95.



The amount reserved for income tax in the accompanying financial statements as been appropriately adjusted to reflect the current status of Planet Halo as a foreign corporation in the state of California.



Concierge received funds from Wireless Village in the amount of $6,000 as payment towards the transaction costs incurred, and to be incurred, by Concierge. The amount was recorded as a liability in recognition that all transaction costs will be capitalized by Concierge in connection with the acquisition of Wireless Village on January 23, 2008 (see note 12).





12



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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





10.

LITIGATION



On May 6, 2002, a default judgment was awarded to Brookside Investments Ltd against, jointly and severally, Concierge, Inc, Allen E. Kahn, and The Whitehall Companies in the amount of $135,000 plus legal fees. The Company did not defend against the complaint by Brookside, which alleged that Brookside was entitled to a refund of their investment as a result of a breach of contract. Brookside had entered into a subscription agreement with Concierge, Inc., which called for, among other things, the pending merger between Starfest and Concierge to be completed within 180 days of the investment. The merger was not completed within 180 days and Brookside sought a refund of their investment, which Concierge was unable to provide. The Company has accrued the judgment amount of $135,000 in the year 2002 as litigation settlement in the accompanying financial statements. This amount is included in accrued expenses as of December 31, 2007.



11.

ACQUISITION & IMPAIRMENT OF INTANGIBLE ASSET



On April 6, 2004 the Company and Planet Halo entered into Stock Purchase agreement whereby, when consummated, the  Company would purchase all of the outstanding  and  issued shares of Planet Halo in exchange for 10 Million shares of  the  Company's common stock valued at $500,000. On April 20, 2004 all of the conditions of the acquisition were met apart from the issuance of the shares. On May 5, 2004, the Company issued the shares on a ratio of 8.232 shares of the Company to each share of Planet Halo stock. The shares were issued directly to the shareholders of Planet Halo.  The existing Planet Halo shares were retired and cancelled. The Company is now a sole shareholder of Planet Halo, a Nevada corporation. On May 5, 2004 the President of Planet Halo was officially appointed to the Board of Directors of the Company along with one other Planet Halo named appointee.



At the time, Planet Halo was a development stage company involved in the wireless telecommunications industry through the design, manufacture, sale and distribution of hardware and services that include a hand-held wireless Internet appliance/cell phone known as the "Halo", and an integrated wireless gateway interface to the Internet named "Halomail."



The purchase price was determined in arms-length negotiations between the parties. The assets acquired in this acquisition include without limitation computer hardware and goodwill. A summary of the Planet Halo assets acquired and consideration for is as follows:



|                                  |                    |        
|--------------------------------- | ------------------ | -------
|                                  | Allocated
amount  
|Cash                              | $                  | 2,912  
|Equipment, net                    |                    | 245    
|Goodwill                          |                    | 496,843
|                                  | $                  | 500,000
|                                  |                    |        
|                                  | Consideration
paid
|10,000,000 shares of common stock | $                  | 500,000



The Company evaluates intangible assets, goodwill and other long-lived assets for impairment, at least on an annual basis and whenever events or changes in circumstances indicate that the carrying value may not be recoverable from its estimated future cash flows.  Recoverability of intangible assets, other long-lived assets and, goodwill is measured by comparing their net book value to the related projected undiscounted cash flows from these assets, considering a number of factors including past operating results, budgets, economic projections, market trends and product development cycles. If the net book value of the asset exceeds the related undiscounted cash flows, the asset is considered impaired, and a second test is performed to measure the amount of impairment loss.  Potential impairment of goodwill is being evaluated in accordance with SFAS No. 142. The SFAS No. 142 is applicable to the financial statements of the Company beginning July 1, 2002.



13



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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS







On December 31, 2004, the Company evaluated the valuation of goodwill based upon the performance and market value of the acquisition. The Company determined the goodwill is impaired and recorded the impairment of $496,843 in the accompanying financial statements.



The Company evaluated value of its prepaid expenses during the year ended June 30, 2004 and based upon uncertainness surrounding the utilization of its software for the "PCA" development, the Company has recorded an impairment of the prepaid expense amounting $245,800.



12.

SUBSEQUENT EVENTS



On January 23, 2008 the company completed its acquisition of Wireless Village by the issuance of 5,000,000 shares of its Series A, Convertible, Voting Preferred Stock, pro-rata, to the shareholders of Wireless Village. Each share of preferred stock is convertible into 5 shares of common stock after 270 days. These shares are not registered and bear the standard Rule 144 restrictions on trading.



On January 23, 2008 Concierge sold 909,090 shares of its common stock to an individual accredited investor for $10,000 in cash.



On February 1, 2008 Concierge relocated its corporate office to Cleveland, OH.









14



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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





ITEM 2.

PLAN OF OPERATION



Our plan of operation for the next twelve months is to do the following:



·

Continue the construction of wireless networks offering subscription service to the Internet under the Planet Halo brand of our wholly owned subsidiary; launch initiatives to increase brand awareness and advertising revenues through presence on the world wide web; increase subscriber revenues to our service offerings via advertising and enhanced network coverage.



·

On October 30, 2007 we entered into a binding agreement to acquire Wireless Village, an Ohio based wireless Internet service provider and technical support group. We completed the acquisition on January 23, 2008 and intend to assist Wireless Village with growing its business and achieving positive cash flow by the end of the calendar year. Subsequent to our acquisition we have moved the corporate offices to those of Wireless Village in Cleveland, OH.



·

During our second fiscal quarter we entered into discussions with providers of on-air programming that may be potential acquisition or partnering targets. Subsequent to that end of the quarter we have escalated these discussions to the level of letters of intent that, if concluded, would allow Concierge an entry to the radio industry and, specifically, the distribution of programming content and the sale of advertising. We intend to aggressively pursue these opportunities during our third quarter.



Our subsidiary Planet Halo has completed the construction of two wireless networks utilizing MESH technology equipment provided by Tropos. Commercial operations were commenced in Marina del Rey, California on June 5, 2007 and in Ventura, California on October 1, 2007. Planet Halo offers subscriptions to Internet access to users on a daily, weekly, monthly or yearly basis. All sales are conducted via secure online credit transactions. Planet Halo intends to continue its build-out of wireless networks in niche, underserved, markets throughout the United States, and especially along the coastal areas and marinas.



On October 30, 2007 we entered into a definitive agreement to acquire all of the issued and outstanding shares of Wireless Village, a privately held Nevada corporation based in Cleveland, OH in exchange for 5 million shares of Series A convertible voting preferred stock in Concierge. Wireless Village is a provider of wireless Internet service and network infrastructure design and maintenance. The transaction was subject to completion of audited financial statements, board approval, and certain other conditions prerequisite to closing. The closing took place January 23, 2008 as reported on Form 8-K filed on January 29, 2008.



During our second fiscal quarter, the company paid no rent and had no office lease for the facilities provided by our chief executive officer, David Neibert, at The Wallen Group. The Wallen Group, and its associate Ryan Consulting Ltd., have also provided administrative, accounting and other services to the Company by compensating Ryan Consultants for their efforts. As of February 1, 2008 the company relocated its offices to those of Wireless Village at 3615 Superior Avenue, Suite 3100A, Cleveland, OH 44144. Wireless Village and Concierge will share lease responsibilities in subsequent months.



As of December 31, 2007, we have no employees and fixed overhead is limited essentially to the variable cost of web hosting, legal and professional fees, fees charged by our transfer agent, leased telecom costs, and outside consulting fees for the operation of the Planet Halo network. We have a limited amount of office fixtures, furniture and computer equipment acquired with the Planet Halo transaction.





15



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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





Liquidity



Our primary source of operating capital over the past 12 months has been funding through the sale of common stock. During that period, $100,000 was raised through the issuance of 3,003,003 shares of our common stock to parties known to our officers or directors in order to fund the expansion of the Planet Halo business plan. $10,000 of said funds were in the form of a conversion of a $10,000 note payable and $90,000 were pursuant to a private placement offering. During the three-month period ending December 31, 2007, no shares were sold or issued and no funds have been borrowed. During the subsequent period, 909,090 shares of our common stock were issued to an individual investor for the amount of $10,000. The amount of borrowed funds and funds from prior equity sales has been sufficient to pay the cost of legal and accounting fees as necessary to maintain a current reporting status with the Securities and Exchange Commission, purchase network hardware for the Planet Halo subsidiary, and pay our required state income taxes. However, sufficient funds have been unavailable to significantly pay down past-due vendor accounts payable. We have also been unable to pay salaries to our officers and several of our outside consultants who had performed services during the past and present fiscal years.



Revenues from the Planet Halo business are expected to be insignificant during the initial stages of operations; however, management expects that overall the network will be able to support its expenses through revenues within the first year of operations. Furthermore, management has been providing their services without compensation and there are no assurances that they will continue to do so for the indeterminate future. In the event revenues are insufficient to support the cost of operations, the Company may seek additional funding through debt financing or sale of its common stock.



ITEM 3.

CONTROLS AND PROCEDURES



Evaluation of disclosure controls and procedures.  The Company carried out an evaluation, under the supervision and with the participation of the Company's management, including the Company's Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company's disclosure controls and procedures as of the end of the period covered by this report. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures are effective and provide reasonable assurances that the information the Company is required to disclose in the reports it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time period required by the Commission's rules and forms.  Further, the Companys officers concluded that its disclosure controls and procedures are also effective to ensure that information required to be disclosed in the reports that it files or submits under the Exchange Act is accumulated and communicated to its management, including its chief executive officer and chief financial officer, to allow timely decisions regarding required disclosure.  There were no significant changes in the Company's internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect our internal controls over financial reporting.





16



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CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





PART II - OTHER INFORMATION



ITEM 6.

EXHIBITS AND REPORTS ON FORM 8-K



(a)

Exhibits



The following exhibits are filed, by incorporation by reference, as part of this Form 10-QSB:



Exhibit

Item



2

Stock Purchase Agreement of March 6, 2000 between Starfest, Inc. and MAS Capital, Inc.*



2

Stock Purchase Agreement among Concierge Technologies, Inc., Wireless Village, Inc.,

Bill Robb and Daniel Britt.++



3.1

Certificate of Amendment of Articles of Incorporation of Starfest, Inc. and its earlier articles of incorporation.*



3.2

Bylaws of Concierge, Inc., which became the Bylaws of Concierge Technologies upon its merger with Starfest, Inc. on March 20, 2002.*



3.5

Articles of Merger of Starfest, Inc. and Concierge, Inc. filed with the Secretary of State of Nevada on March 1, 2002.**



3.6

Agreement of Merger between Starfest, Inc. and Concierge, Inc. filed with the Secretary of State of California on March 20, 2002.**



3.7

Articles of Incorporation of Concierge Technologies, Inc. filed with the Secretary of State of Nevada on April 20, 2005.+



3.8

Articles of Merger between Concierge Technologies, Inc., a California corporation, and Concierge Technologies, Inc., a Nevada corporation, filed with the Secretary of State of Nevada on March 2, 2006 and the Secretary of State of California on October 5, 2006.+



10.1

Agreement of Merger between Starfest, Inc. and Concierge, Inc.*



14

Code of Ethics for CEO and Senior Financial Officers.***



31.1

Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.



31.2

Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.



32.1

Certification of Chief Executive Officer 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 Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.





17



---

CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





*Previously filed with Form 8-K12G3 on March 10, 2000; Commission File No. 000-29913, incorporated herein.



**Previously filed with Form 8-K on April 2, 2002; Commission File No. 000-29913, incorporated herein.



***Previously filed with Form 10-K FYE 06-30-04 on October 13, 2004; Commission File No. 000-29913, incorporated herein.



+Previously filed with Form 10-K FYE 06-30-06 on October 13, 2006; Commission File No. 000-29913, incorporated herein.



++Previously filed on November 5, 2007 as Exhibit 10.2 to Concierge Technologies Form 8-K for the Current Period 10-30-07; Commission File No. 000-29913, incorporated herein.





18



---

CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARY

(A development stage company)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS





SIGNATURES



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



|                          |  |     |                              | 
|------------------------- |  | --- | ---------------------------- | 
|                          |  |     | CONCIERGE TECHNOLOGIES, INC.
|                          |  |     |                             
|                          |  |     |                              | 
|Dated:  February 18, 2008 |  | By: | /s/ David W. Neibert         | 
|                          |  |     | David W. Neibert             | 
|                          |  |     | Chief Executive Officer      | 





19