UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-Q



(Mark One)

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



For the quarterly period ended:
March 31, 2009



 ̈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: 000-21071





GOLDEN ELEPHANT GLASS TECHNOLOGY, INC.

(Exact name of
registrant as specified in its charter)



|Nevada                          |  | 88-0309578                          
|------------------------------- |  | ------------------------------------
|(State or other jurisdiction of |  | (I.R.S. Employer Identification No.)
|incorporation or organization)  |  |                                     



123 Chuangye Road, Haizhou District,

Fuxin City, Liaoning 
People's Republic of China, 123000

(Address of principal executive offices, Zip Code)



(86) 418-399-5066

(Registrants telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by

 Section 13 or 15(d) of the Exchange Act
during the past 12 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

Indicate by check mark whether the
registrant is a larger 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.

Large accelerated filer

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

Yes £                       
No

The number of shares outstanding of each of the issuer’s classes of common equity, as of
May 15, 2009 is as follows:



|Class of Securities           |  | Shares Outstanding
|----------------------------- |  | ------------------
|Common Stock, $0.01 par value |  | [28,623,995]      





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TABLE OF CONTENTS



|                                                                                              | Page
|--------------------------------------------------------------------------------------------- | ----
|PART I - FINANCIAL INFORMATION                                                                |     
|Item 1  Financial Statements                                                                  | 1   
|Item 2  Management's Discussion and Analysis of Financial Condition and Results of Operations | 16  
|Item 3  Quantitative and Qualitative Disclosure about Market Risk                             | 24  
|Item 4  Controls and Procedures                                                               | 24  
|                                                                                              |     
|PART II - OTHER INFORMATION                                                                   | 26  
|Item 1     Legal Proceedings                                                                  | 26  
|Item 1A Risk Factors                                                                          | 26  
|Item 2    Unregistered Sales of Equity Securities and Use of Proceeds                         | 26  
|Item 3    Defaults Upon Senior Securities                                                     | 26  
|Item 4    Submission of Matters to a Vote of Securities Holders                               | 26  
|Item 5    Other Information                                                                   | 26  
|Item 6    Exhibits                                                                            | 26  



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