**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      D.C.  20549**





**AMENDMENT
      NUMBER ONE**


**TO**


**FORM
      10-QSB**








(Mark
      One)


**[X]   QUARTERLY
      REPORT UNDER SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF
      1934**





For
      the
      quarterly period ended: September 30,
      2007





**[  ]   TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE**


**EXCHANGE
      ACT**





For
      the
      transition period from __________ to __________





Commission
      file number  000-28831





CHDT
      Corporation


(Formerly
      China Direct Trading Corporation)


(Exact
      name of small business issuer as


specified
      in its charter)





Florida
            
            84-1047159(State
                or other jurisdiction of incorporation or organization)
            
            (IRS
                Employer Identification No.)





350
      Jim Moran Blvd., Suite 120, Deerfield Beach, Florida 33442


(Address
      of principal executive offices)





(954)
      252-3440


Issuer's
      telephone number








(Former
      name, former address and former fiscal year, if changed since last
      report.)





Indicate
      by check mark whether the  registrant is a shell company (as defined
      by Rule 12b-2 of the Exchange Act).  Yes oNo
x****












APPLICABLE
      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY


PROCEEDING
      DURING THE PRECEDING FIVE YEARS





Check
      whether the registrant filed all documents and reports required to be filed
      by
      Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities
      under a plan confirmed by a court. Yes o No o




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 practical date:   September 30,
      2007  Approximately 587,067,705 shares





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








EXPLANATORY
      NOTE:  This Amendment Number One to the Form 10-QSB for the quarter
      ending September 30, 2007 is filed solely to include exhibits referenced as
      “filed herein” in the Form 10-QSB.






2





**PART
      II - OTHER INFORMATION**





**ITEM
      1.  LEGAL PROCEEDINGS**





Other
      than as set forth below, the Company is not a party to any material pending
      legal proceedings and, to the best of its knowledge, no such action by or
      against the Company has been threatened.   The Company is subject
      to legal proceedings and claims that arise in the ordinary course of its
      business.  Although occasional adverse decisions or settlements may
      occur, the Company believes that the final disposition of such matters will
      not
      have material adverse effect on its financial position, results of operations
      or
      liquidity.





*Celeste
      Trust Reg., Esquire Trade, et al. v. CBQ, Inc.* (Case# 03 Civ. 9650 RMB; US
      District Court, SDNY, 12/4/2003). As of the date of this Report, the plaintiffs
      in this action have not taken any known actions to perfect an appeal the
      dismissal of their amended complaint (*see below*). As such, there have
      been no new developments in this case since the refusal of the Court of Appeals
      for the Second Circuit in 2006 to accept an appeal of the dismissal of
      plaintiffs’ amended complaint.





This
      case
      concerns a lawsuit that was filed against the Company by three plaintiffs on
      or
      about December 4, 2003, but which the Company did not receive notice of until
      the week of February 18, 2004 or thereabouts. The Plaintiffs purchased
      debentures issued by Socrates Technologies Corporation (STC), a public Delaware
      corporation in 2000. When the Company purchased the assets of two STC
      subsidiaries in March 2001, the plaintiffs allege that the Company promised
      to
      issue to the Plaintiffs and others the consideration that was to be paid to
      STC
      for the acquired assets and to so do in order to compensate the plaintiffs
      for
      their investment in the STC debentures, which were apparently in default at
      that
      time. The total consideration paid for the STC subsidiaries' assets were 7.65
      million shares of company Common Stock and a Promissory Note made by the Company
      for $700,000 principal amount. The Company has defended against the Plaintiffs'
      claims to date. If the Plaintiffs win a judgment on their claims, the judgment,
      if collected, would prove potentially ruinous the Company, unless a settlement
      involving no cash was arranged between the parties to the lawsuit. The
      Plaintiff's claims include a claim for receipt of the money due under the
      Promissory Note with a principal amount of $700,000. The Company lacks the
      cash
      flow or cash reserves or funding resources to pay such a claim, either in a
      lump
      sum or over time. If the Plaintiffs are awarded the claimed damages against
      the
      Company in this lawsuit, the Company would be unable to pay such damages, either
      in a lump-sum or under a schedule, and would be insolvent.




The
      Plaintiff's complaint in Celeste was dismissed by the U.S. District Court for
      the Southern District of New York in early 2005 for failure to have all
      essential parties to the dispute as parties to the lawsuit. The Plaintiffs
      filed
      an amended complaint prior to the March 1, 2005 deadline for doing so. The
      Company defended against the Plaintiff's amended complaint, which added two
      former, now defunct, subsidiaries involved in the STC transaction as defendants.
      The assets of Networkland, Inc. and Technet Computer Services Corporation were
      acquired by the Company on March 15, 2001 and that transaction is at the heart
      of the dispute in the Celeste case.The Court also
      dismissed the Plaintiff’s amended complaint on July 20, 2006. The Plaintiffs
      filed an appeal in September 2006 to the adverse order issued by the Court
      dismissing the amended complaint.  The appeal, however, was not
      accepted by the Court in October 2006 because there is a pending, unresolved
      motion for default judgment against the other defendants, Networkland, Inc.
      and
      Technet Computer Services Corporation, who are two former subsidiaries of
      Socrates Technologies Corporation, a defunct Delaware corporation, and not
      owned
      by or affiliated with China Direct. The staff attorney for the 2nd Circuit
      stated
      that said motion must be resolved before the Court will entertain any
      appeal.  The Company is not a party to the pending motion for default
      judgment before the trial court; however, the Company filed an opposition to
      the
      motion for default judgment. As of date of this Report, the Company is not
      aware
      of any action by the plaintiffs to date to resolve or remove the pending motion
      for default judgment against the other defendants in order to clear the way
      for
      an appeal of the judgment entered in favor of for Company by the
      Court.   While the Company is confident of prevailing in this
      matter, the Company is uncertain at this time of the final outcome motion for
      default against the other defendants or whether the plaintiffs intend to pursue
      this litigation further.





3




**SunTrust
      Bank Claim. P**rior to being acquired by the company, Quantum Technology
      Group (“QTG”), a now defunct subsidiary, had a $4 million line of credit with
      Crestar Bank (Crestar was subsequently acquired by Sun Trust). This line of
      credit was guaranteed by Quantum and five individual guarantors, including
      Ray
      Kostkowski, Anne Sigman, Skip Lewis, and Anthony Saunders. This line of credit
      was opened during April, 2000. On August 8, 2000, the Company acquired all
      of
      the shares of QTG. Sun Trust asserted that $1.3 million of the line of credit
      had been used, and was owing to Sun Trust, as well as line of credit, a $200,000
      term loan from Sun Trust to QTG, approximately $200,000 in accrued interest
      and
      $100,000 in attorney fees -- all of which SunTrust had sought to collect from
      the individual guarantors, not the company.




RAS
      Investment, Inc., a company apparently affiliated with Anne Sigman, a former
      employee of the Company, advised the Company in 2004 that RAS has acquired
      the
      Sun Trust note and demanded payment in cash or stock. As of the date of this
      Report, the Company's position remains as before, that is, that the Company
      is
      not obligated to pay the Sun Trust debts and any claims made to collect that
      debt could be defeated by several potential defenses and
      counterclaims.  The Company has not received any further claims by RAS
      Investment, Inc. in this matter and the Company is uncertain at this point
      if
      RAS Investment, Inc. intends to pursue the aforementioned claims.




**Cyberquest,
      Inc.:  T**he Company received two claims from certain former
      shareholders of Cyberquest, Inc. in 2006.  They claimed to hold or own
      approximately 70,000 shares of a class of the Company's redeemable preferred
      stock issued in the Company's 1998 acquisition of Cyberquest. Cyberquest ceased
      operations in 2000-2001 period. The Company has investigated these claims and
      has not been able to date to substantiate any of the claims to date and the
      claimants have not pursued their claims beyond an initial communication
      asserting ownership of these shares of serial preferred stock.  The
      Company has not received any further claims or communications since the late
      summer of 2006. The Company is uncertain at this point if the claimants will
      pursue or press the aforementioned claim of preferred stock
      ownership.





No
      director, officer or affiliate of the Company, or owner of record of more than
      five percent (5%) of the securities of the Company, or any associate of any
      such
      director, officer or security holder is a party adverse to us or has a material
      interest adverse to us in reference to pending litigation.





We
      are
      not  currently  a party to any other
      legal  proceedings  that we believe  will have
      a  material  adverse  effect on
      our  financial  condition  or results of
      operations.





**ITEM
      2.  CHANGES IN SECURITIES**




In
      July
      2007, the Company issued 2,058,824 shares of common stock for cash of
      $35,000.




In
      August
      2007, the Company issued 105,882 shares of common stock for legal expenses
      of
      $1,800.




In
      August
      2007, the Company issued 4,117,647 shares of common stock for cash of
      $70,000.




In
      August
      2007, the Company issued 2,804,947 shares of common stock for notes payable
      of
      $252,445.




In
      August
      2007, the Company issued 2,500,000 shares of common stock for accrued expenses
      of $50,000.




In
      August
      2007, the Company issued 340,909 shares of common stock for consulting expenses
      of $7,500.




In
      August
      2007, the Company issued 112,510 shares of common stock for legal expenses
      of
      $1,800.




In
      September 2007, the Company issued 13,294,117 shares of common stock for cash
      of
      $226,000.





**ITEM
      3.  DEFAULTS UPON SENIOR SECURITIES**





None/Not
      Applicable.






4





**ITEM
      4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITIES
      HOLDERS**





The
      majority  shareholders of the Company have taken an corporate action
      by written consent and without a meeting of the  holders  of
      the  Common  Stock(hereinafter “Majority Shareholder
      Action”) pursuant  to  Florida  Statutes
      Section  607.0704  and, by that written consent, holders of
      approximately 70% of the outstanding shares of the Common Stock approved the
      following: (1)  an amendment  of the Articles
      of  Incorporation of the Company to change the name of the Company
      from "China Direct Trading  Corporation" to
      "CHDT  Corporation";  and (2) election of
      Stewart  Wallach,  Howard Ullman,  Jeffrey
      Postal,  Laurie Holtz, Larry Sloven and Jeffrey Guzy,  all
      incumbent  directors as of May 7, 2007,  for election to the
      Company  Board of Directors for a term ending in 2008 when their
      successors are elected and assume office.  An Information Statement
      was filed with the Commission for this corporate action on May 15,
      2007.  The Company received no consents in opposition to the foregoing
      proposals.





**ITEM
      5.  OTHER INFORMATION**





None





**ITEM
      6.  EXHIBITS AND REPORTS ON FORM 8-K**





(a)
            EXHIBITS2.1
            Purchase
                Agreement, dated January 27, 2006, by and among China Direct Trading
                Corporation, William Dato and Complete Power Solutions, LLC.
                +2.1.1
            Purchase
                and  Settlement  Agreement  by and among
                China Direct  Trading Corporation, Complete
                Power  Solutions, LLC, William Dato and Howard Ullman, January
                26, 2007 ++2.1.1.1
            Stock
                Purchase Agreement, dated September 15, 2006, by and among China
                Direct
                Trading Corporation, Capstone Industries, Inc. and Certain Selling
                Shareholderso3.1
            Articles
                of Incorporation of the Company *3.1.1
            Amendment
                to Articles of Incorporation, dated May 7, 2007, changing the name
                of
                China Direct Trading Corporation to CHDT
                Corporation.*****3.2
            By-laws
                of the Company***4.1
            Form
                of Warrant issued under 2007 Rule 506 Private Placement by CHDT
                Corporation. ++++4.2
            Form
                of Subscription Agreement issued under 2007 Rule 506 Private Placement
                by
                CHDT Corporation. ++++10.1
            Voting
                Agreement, dated January 27, 2006, by and among China Direct Trading
                Corporation, William Dato and Howard Ullman. +10.2
            Operating
                Agreement, dated January 27, 2006, for Complete Power Solutions,
                LLC.
                +10.3
            Employment
                Agreement, dated January 27, 2006, among William Dato, China Direct
                Trading Corporation and Complete Power Solutions, LLC.
                +10.4
            Form
                of July 20, 2005 sales agency agreement between China Direct Trading
                Corporation and Sutter's Mill Specialties. +10.5
            Form
                of Non-Qualified Stock Option+14
            Code
                of Ethics Policy, dated December 31, 2006+++31
            Certification
                Pursuant to Section 302 of the Sarbanes-Oxley Act of
                2002.++++32
            Certification
                Pursuant to Section 302 of the Sarbanes-Oxley Act of
                2002.++++





------------------------------------------


*
      Incorporated by reference to Annex C to the Special Meeting Proxy Statement,
      dated April 15, 2004, filed by China Direct Trading Corporation with the
      Commission on April 20, 2004.


**
      Incorporated by reference to Annex G to the Special Meeting Proxy Statement,
      dated April 15, 2004, filed by China Direct Trading Corporation with the
      Commission on April 20, 2004.


***
      Incorporated by reference to Annex D the Special Meeting Proxy Statement, dated
      April 15, 2004, filed by China Direct Trading Corporation with the Commission
      on
      April 20, 2004.


****
      Incorporated by reference to Annex H the Special Meeting Proxy Statement, dated
      April 15, 2004, filed by China Direct Trading Corporation with the Commission
      on
      April 20, 2004.


*****
      Incorporated by reference to Exhibit 3.1.1 to the Information Statement under
      Regulation 14C, dated May 11, 2007, and filed with the Commission on May 15,
      2007.


+ Incorporated
      by reference to Exhibit 2 to the Form 8-K filed by China Direct Trading
      Corporation with the Commission on January 31, 2006.


++ Incorporated
      by reference to Exhibit 2 to the Form 8-K filed by China Direct Trading
      Corporation with the Commission on January 26, 2007.


o Incorporated
      by reference to Exhibit 2.1 to the Form 8-K filed by China Direct Trading
      Corporation with the Commission on September 18, 2006.


+++ Incorporated
      by reference to Exhibit 14 to the Form 10KSB filed by China Direct Trading
      Corporation with the Commission on April 17, 2007.


++++ Filed
      Herein





(b)
      Reports on Form 8-K filed.





The
      following reports were filed during the last quarter of the 2007 fiscal
      year:  Form 8-K, August 21, 2007; Form 8-K, August 22, 2007; Form 8-K,
      August 27, 2007; Form 8-K, August 29, 2007; Form 8-K, October 12,
      2007.






5





**SIGNATURES**




In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly authorized,
      this 20th day of November, 2007.





China
      Direct Trading Corporation





November
      20, 2007





/s/
      Stewart Wallach


Stewart
      Wallach


CEO
      and
      President


(Principal
      Executive Officer)





/s/
      Gerry McClinton


Gerry
      McClinton


Chief
      Operating Officer & Secretary


(Principal
      Financial & Accounting Officer)







6