**United      States**

**Securities      and Exchange Commission**

**Washington,      DC 20549**

**FORM      10-QSB/A**

**(Amendment      #1)**

**March**
**      31, 2006**

**000-28789**

**Falcon      Ridge Development Inc.**

| **Nevada**                                                                                    |   | **84-1461919**                            |
|-----------------------------------------------------------------------------------------------|--------|-------------------------------------------|
| (State                or other jurisdiction of incorporation)                                 |   | (IRS                Employer File Number) |
|                                                                                          |   |                                      |
|  **5111                Juan Tabo Boulevard N.E. Albuquerque, New                Mexico** |   |  **87111**                           |
| (Address                of principal executive offices)                                       |   | (zip                code)                 |
|                                                                                          |   |                                      |

**(866)      302-2248 **

**Yes      [X]**

**No      [X]**

**752,262,441      shares of common stock.**

**No      [X]**

----

| PART                I - FINANCIAL INFORMATION |                                                                               |
|-----------------------------------------------|------------------------------------------------------------------------------------|
|                                          |                                                                               |   |
|                                          | Item                1. Financial Statements.                                       | F-1 |
|                                          |                                                                               |   |
|                                          | Item                2. Management's Discussion and Analysis or Plan of Operation.  | 15 |
|                                          |                                                                               |   |
|                                          | Item                3. Controls and Procedures.                                    | 18 |
|                                          |                                                                               |   |
| PART                II - OTHER INFORMATION    |                                                                               |
|                                          |                                                                               |   |
|                                          | Item                1. Legal Proceedings.                                          | 19 |
|                                          |                                                                               |   |
|                                          | Item                2. Unregistered Sales of Equity Securities and Use of Proceeds | 19 |
|                                          |                                                                               |   |
|                                          | Item                3. Defaults Upon Senior Securities.                            | 19 |
|                                          |                                                                               |   |
|                                          | Item                4. Submission of Matters to a Vote of Security Holders.        | 19 |
|                                          |                                                                               |   |
|                                          | Item                5. Other Information.                                          | 19 |
|                                          |                                                                               |   |
|                                          | Item                6. Exhibits and Reports on Form 8-K.                           | 19 |
|                                          |                                                                               |   |
|                                          | Signatures                                                                         | 21 |

----

|                                                                          | Page   |
|-------------------------------------------------------------------------------|--------|
|                                                                          |   |
| Balance                Sheet (unaudited) at March 31, 2006                    | F-1    |
|                                                                          |   |
| Consolidated                Statements of Operations (unaudited), for the     |   |
| three                months ended March 31, 2006 and 2005                     | F-2    |
|                                                                          |   |
| Consolidated                Statements of Shareholders' Deficit (unaudited) . |   |
| for                the for the three months ended March 31,2006 and 2005      | F-3    |
|                                                                          |   |
| Consolidated                Statements of Cash Flows (unaudited), for the     |   |
| three                months ended March 31, 2006 and 2005                     | F-4    |
|                                                                          |   |
| Notes                to Consolidated Financial Statements                     | F-5    |

----

| **Assets**                                                            |   |   |       |
|-----------------------------------------------------------------------|--------|--------|------------|
|                                                                  |   |   |       |
|                                                                  |   |   |       |
| Real                  estate held for sale                            |   | $      | 2,623,922  |   |
| Fixed                  assets, net of accumulated depreciation        |   |   | 38,482     |   |
| Cash                                                                  |   |   | 10,276     |   |
| Prepaid                  expenses                                     |   |   | 2,500      |   |
| Other                  assets                                         |   |   | 220        |   |
| Total                  assets                                         |   | $      | 2,675,400  |   |
|                                                                  |   |   |       |   |
| **Liabilities                  and Shareholders' Equity**             |   |   |       |   |
|                                                                  |   |   |       |   |
| **Liabilities**                                                       |   |   |       |   |
| Indebtedness                  to related parties                      |   | $      | 1,095,852  |   |
| Note                  payable, long-term                              |   |   | 379,830    |   |
| Accounts                  payable                                     |   |   | 148,214    |   |
| Retainage                  payable                                    |   |   | 100,000    |   |
| Accrued                  expenses                                     |   |   | 61,450     |   |
| Total                  liabilities                                    |   |   | 1,785,346  |   |
|                                                                  |   |   |       |   |
| **Shareholders'                  equity**                             |   |   |       |   |
| Preferred                  stock,Class A no par value,                |   |   |       |   |
| 400,000                  shares authorized, 160,000 shares issued and |   |   |       |   |
| outstanding                                                           |   |   | 400,000    |   |
|                                                                  |   |   |       |   |
| Common                  stock, $0.001 par value, 900,000,000 shares   |   |   |       |   |
| authorized,                  752,262,441 shares issued and            |   |   |       |   |
| outstanding                                                           |   |   | 752,262    |   |
| Additional                  paid-in capital                           |   |   | 899,420    |   |
|                                                                  |   |   |       |   |
| Accumulated                  deficit                                  |   |   | (1,161,628 | )  |
|                                                                  |   |   |       |   |
| Total                  Shareholders equity                            |   |   | 890,054    |   |
|                                                                  |   |   |       |   |
| Total                  liabilities and shareholders' equity           |   | $      | 2,675,400  |   |

*F-1*

----

|                                                             |   | **Three                  Months Ended** |        |
|------------------------------------------------------------------|--------|-----------------------------------------|-------------|
|                                                             |   | **March                  31**           |        |
|                                                             |   | **2006**                                |        | **2005** |   |
|                                                             |   |                                    |        |   |   |
| Lot                  sales:                                      |   |                                    |        |   |   |
| Net                  sales                                       |   | $                                       | —     |   | $ | 3,016,786 |   |
| Costs                  of sales                                  |   |                                    | —     |   |   | (2,870,987 | ) |
|                                                             |   |                                    |        |   |   |   |   |
| Gross                  profit (loss)                             |   |                                    | —     |   |   | 145,799 |   |
|                                                             |   |                                    |        |   |   |   |   |
| Selling,                  general and administrative expenses    |   |                                    | 92,778      |   |   | 16,844 |   |
|                                                             |   |                                    |        |   |   |   |   |
| Loss                  (income) before provision for income taxes |   |                                    | (92,778     | ) |   | 128,955 |   |
| Income                  taxes                                    |   |                                    | —     |   |   | — |   |
|                                                             |   |                                    |             |   |   |  |   |
| Loss                                                             |   |                                    | (92,778     | ) |   | 128,955 |   |
|                                                             |   |                                    |        |   |   |   |   |
| Proforma                  adjustments:                           |   |                                    |        |   |   |   |   |
| Members'                  distributions (note 2)                 |   |                                    | —     |   |   | (30,000 | ) |
| Income                  taxes                                    |   |                                    | —     |   |   | — |   |
| Proforma                  Loss                                   |   | $                                       | (92,778     | ) | $ | 98,955 |   |
|                                                             |   |                                    |        |   |   |   |   |
|                                                             |   |                                    |        |   |   |   |   |
| Loss                  per share                                  |   | $                                       | —     |   | $ | — |   |
|                                                             |   |                                    |        |   |   |   |   |
|                                                             |   |                                    |        |   |   |   |   |
|                                                             |   |                                    |        |   |   |   |   |
| Weighted                  average number of shares outstanding   |   |                                    | 752,262,441 |   |   | 100,000,000 |   |

*F-2*

----

|                                           |   |                               |    |                            |   |              |   |                         |        | **Additional**  |   |              |   |            |     |
|------------------------------------------------|--------|------------------------------------|---------|---------------------------------|--------|-------------------|--------|------------------------------|-------------|----------------------|--------|-------------------|--------|-----------------|----------|
|                                           |   | **Preferred                Stock** |    | **Common                Stock** |   | **paid-in**  |   | **Accumulated**              |        |                 |   |
|                                           |   | **Shares**                         |    | **Par                value**    |   | **Shares**        |   | **Par                value** |        | **capital**          |   | **deficit**  |   | **Total**  |     |
| Balance                at                      |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |
| January                1, 2005                 |   |                               | — |                            | $      | —           |   |                         | 100,000,000 |                 | $      | 100,000           |   | $               | 210,644  |   | $ | (882,288 | ) | $ | (571,644 | ) |
|                                           |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
| Dividend                distribution           |   |                               | — |                            |   | —           |   |                         | —     |                 |   | —           |   |            | —  |   |   | (30,000 | ) |   | (30,000 | ) |
| Merger                with PocketSpec          |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
| Technologies,                Inc (Note 1)      |   |                               | — |                            |   | —           |   |                         | 37,265,372  |                 |   | 37,265            |   |            | —  |   |   | (37,265 | ) |   | 0 |   |
| Stock                issuance for              |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
| Spanish                Trails, LLC (Note 2)    |   |                               | — |                            |   | —           |   |                         | 614,882,069 |                 |   | 614,882           |   |            | (210,644 | ) |   | (402,238 | ) |   | 2,000 |   |
| Compensation                                   |   |                               |         |                            |   |              |   |                         | 115,000     |                 |   | 115               |   |            | 2,185    |   |   |   |   |   | 2,300 |   |
| Stock                issuance for Cash         |   |                               | 160,000 |                            |   | 400,000           |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   | 400,000 |   |
| Restatement                adjustment (note 9) |   |                               | — |                            |   |              |   |                         | —     |                 |   | —           |   |            | 897,235  |   |   | 402,238 |   |   | 1,299,473 |   |
| Loss                                           |   |                               | — |                            |   |                   |   |                         | —     |                 |   | —           |   |            | —  |   |   | (119,297 | ) |   | (119,297 | ) |
|                                           |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
| Balance                at                      |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
| December                31, 2005               |   |                               | 160,000 |                            | $      | 400,000           |   |                         | 752,262,441 |                 | $      | 752,262           |   | $               | 899,420  |   | $ | (1,068,850 | ) | $ | 982,832 |   |
|                                           |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
|                                           |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
| Balance                at                      |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
| January                1, 2006                 |   |                               | 160,000 |                            | $      | 400,000           |   |                         | 752,262,441 |                 | $      | 752,262           |   | $               | 899,420  |   | $ | (1,068,850 | ) | $ | 982,832 |   |
|                                           |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
| Loss                                           |   |                               | — |                            |   | —           |   |                         | —     |                 |   | 0                 |   |            | 0        |   |   | (92,778 | ) |   | (92,778 | ) |
|                                           |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
| Balance                at                      |   |                               |    |                            |   |              |   |                         |        |                 |   |              |   |            |     |   |   |   |   |   |   |   |
| March                31, 2006                  |   |                               | 160,000 |                            | $      | 400,000           |   |                         | 752,262,441 |                 | $      | 752,262           |   | $               | 899,420  |   | $ | (1,161,628 | ) | $ | 890,054 |   |

*F-3*

----

|                                                               |   |                              |     |     |   |
|--------------------------------------------------------------------|--------|-----------------------------------|----------|----------|--------|
|                                                               |   | **Period                  Ended** |     |
|                                                               |   | **March                  31,**    |     |
|                                                               |   | **2006**                          |     | **2005** |   |
| Cash                  flows from operating activities:             |   |                              |     |     |   |
| Net                  income/loss                                   |   | $                                 | (92,778  | )        | $      | 128,955 |   |
| Adjustments                  to reconcile net loss to net cash     |   |                              |     |     |   |   |   |
| used                  by operating activities:                     |   |                              |     |     |   |   |   |
| Depreciation                                                       |   |                              | 1,050    |     |   | — |   |
| Changes                  in operating assets and liabilities,      |   |                              |     |     |   |   |   |
| excluding                  effects of business combinations:       |   |                              |     |     |   |   |   |
| Land                  development costs                            |   |                              | (149,620 | )        |   | 1,321,175 |   |
| Prepaid                  expenses                                  |   |                              | 11,040   |     |   | — |   |
| Other                  current assets                              |   |                              | —  |     |   | (57,588 | ) |
| Acquisition                  and development notes                 |   |                              | —  |     |   | (1,589,511 | ) |
| Accounts                  payable                                  |   |                              | (216,462 | )        |   | 310,789 |   |
| Deferred                  revenue                                  |   |                              | —  |     |   | (78,500 | ) |
| Net                  cash (used in) provided by                    |   |                              |     |     |   |   |   |
|  operating                  activities                        |   |                              | (446,770 | )        |   | 35,320 |   |
|                                                               |   |                              |     |     |   |   |   |
| Cash                  flows from investing activities:             |   |                              |     |     |   |   |   |
|                                                               |   |                              |     |     |   |   |   |
| Acquisition                  of fixed assets                       |   |                              | (6,319   | )        |   | (7,577 | ) |
|                                                               |   |                              |     |     |   |   |   |
| Net                  cash used in                                  |   |                              |     |     |   |   |   |
|  investing                  activities                        |   |                              | (6,319   | )        |   | (7,577 | ) |
|                                                               |   |                              |     |     |   |   |   |
| Cash                  flows from financing activities:             |   |                              |     |     |   |   |   |
| Proceeds                  from related party indebtedness          |   |                              | 4,514    |     |   | — |   |
| Repayments                  of related party indebtedness          |   |                              | —  |     |   | (50,000 | ) |
| Repayments                  of real estate contract                |   |                              | (9,218   | )        |   |   |   |
| Dividend                  paid                                     |   |                              | —  |     |   | (30,000 | ) |
| Net                  cash used in                                  |   |                              |     |     |   |   |   |
|  financing                  activities                        |   |                              | (4,704   | )        |   | (80,000 | ) |
|                                                               |   |                              |     |     |   |   |   |
|                                                               |   |                              |     |     |   |   |   |
| Net                  change in cash                                |   |                              | (457,793 | )        |   | (52,257 | ) |
|                                                               |   |                              |     |     |   |   |   |
| Cash:                                                              |   |                              |     |     |   |   |   |
| Beginning                  of period                               |   |                              | 468,069  |     |   | 158,835 |   |
|                                                               |   |                              |     |     |   |   |   |
| End                  period                                        |   | $                                 | 10,276   |     | $      | 106,578 |   |
|                                                               |   |                              |     |     |   |   |   |
|                                                               |   |                              |     |     |   |   |   |
| Supplemental                  disclosure of cash flow information: |   |                              |     |     |   |   |   |
| Cash                  paid during the year for:                    |   |                              |     |     |   |   |   |
| Income                  taxes                                      |   | $                                 | —  |     | $      | — |   |
| Interest                                                           |   | $                                 | 7,019    |     | $      | — |   |

*F-4*

----

*F-5*

----

*F-6*

----

*F-7*

----

*F-8*

----

*F-9*

----

| Note                payable to Karen Duran, interest at 8.5%, principal and                interest |   |   |      |
|-----------------------------------------------------------------------------------------------------|--------|--------|-----------|
| payable                in annual installments of $17,000                                            |   |   |      |
| Total                financing under the agreement is $200,000                                      |   | $      | 191,000   |   |
|                                                                                                |   |   |      |   |
| Note                payable to Karen Duran, interest at 8.5%,                                       |   |   |      |   |
| principal                and interest payable May 25,2006                                           |   |   |      |   |
| Total                financing under the agreement is $150,000                                      |   |   | 150,000   |   |
|                                                                                                |   |   |      |   |
| Advances                payable to Falcon Ridge Development LLC,                                    |   |   |      |   |
| an                affiliate, payable on demand                                                      |   |   | 735,800   |   |
|                                                                                                |   |   |      |   |
| Accrued                interest payable                                                             |   |   | 19,092    |   |
|                                                                                                |   | $      | 1,095,852 |   |

|      |   |   |   | Accumulated  |   |
|-----------|--------|--------|--------|--------------|--------|
|      |   | Cost   |   | Depreciation |   |
| Software  |   | $      | 32,349 |         | $      | 651 |   |
| Equipment |   |   | 7,981  |         |   | 1,197 |   |
|      |   | $      | 40,330 |         | $      | 1,848 |   |

*F-10*

----

| Land                acquisition costs |   | $      | 2,106,002 |   |
|---------------------------------------|--------|--------|-----------|--------|
| Land                development costs |   |   | 461,234   |   |
| Capitalized                interest   |   |   | 56,596    |   |
|                                  |   | $      | 2,623,922 |   |

| Note                payable to Toby and Mary Ann Cordova,        |   |   |    |
|------------------------------------------------------------------|--------|--------|---------|
| with                interest at 6.5 percent, principal and       |   |   |    |
| interest                payable in semi-annual installments of   |   |   |    |
| $21,862,                collateralized by a real estate contract |   |   |    |
| Total                financing under the agreement is $435,000   |   | $      | 379,380 |   |

| U.S.                statutory federal rate         |   |   | 20.000  | %      |
|----------------------------------------------------|--------|--------|---------|--------|
| State                income tax rate               |   |   | 4.80    | %      |
| Net                operating loss for which no tax |   |   |    |   |
| benefit                is currently available      |   |   | -24.800 | %      |
|                                               |   |   | 0.00    | %      |

*F-11*

----

*F-12*

----

|   | ཉ | Shares                are non-cumulative with a preference over common shares if and when                a                dividend is declared. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ཉ | Investor                will receive a dividend of 12% per annum payable monthly for a period                of                eighteen months from the date of                purchase. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ཉ | Shares                are convertible into common stock at any time on the basis of 75%                of the                average current bid price for the preceding 20 days of the Company's                receipt of notice to convert. This conversion rate is subject to                adjustments for forward or reverse splits or other capitalizations.                The                option was of no intrinsic benefit, at the commitment date, to the                preferred shareholder. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ཉ | Shares                have a priority over common shares upon                liquidation. |
|--------|---------|-------------------------------------------------------------------------------------------|

|   | ཉ | Shares                are callable by the Company at any time after 12 months of issuance                of                Preferred B shares at the original purchase price. The Preferred                Shareholders will have sixty days thereafter to convert to common                stock.                The shares will be repurchased after eighteen months for the original                issue price. |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**9:      Correction of an Error in Previously Issued Financial      Statements**

*F-13*

----

|                                                                   |   |  As       |       | As       |   |
|------------------------------------------------------------------------|--------|----------------|------------|----------|--------|
|                                                                   |   |  Reported |       | Restated |   |
| **Assets**                                                             |   |      |       |     |   |
| Cash                                                                   |   | $              | 468,069    |     |   | 468,069 |   |
| Real                estate held for sale                               |   |           | 1,174,829  |     |   | 2,474,302 |   |
| Property                and equipment, net of accumulated depreciation |   |           | 33,213     |     |   | 33,213 |   |
| Prepaid                expenses                                        |   |           | 13,540     |     |   | 13,540 |   |
| Other                assets                                            |   |           | 220        |     |   | 220 |   |
| Total                assets                                            |   | $              | 1,689,871  |     |   | 2,989,344 |   |
|                                                                   |   |           |       |     |   |   |   |
| **Liabilities                and Shareholders' Equity (Deficit)**      |   |           |       |     |   |   |   |
|                                                                   |   |           |       |     |   |   |   |
| **Liabilities**                                                        |   |           |       |     |   |   |   |
| Indebtedness                to related parties                         |   | $              | 1,091,338  |     |   | 1,091,338 |   |
| Note                payable, current portion                           |   |           | 18,737     |     |   | 18,737 |   |
| Note                payable, long-term portion                         |   |           | 370,311    |     |   | 370,311 |   |
| Accounts                payable                                        |   |           | 293,200    |     |   | 293,200 |   |
| Retainage                payable                                       |   |           | 151,627    |     |   | 151,627 |   |
| Accrued                expenses                                        |   |           | 81,299     |     |   | 81,299 |   |
|                                                                   |   |           |       |     |   |   |   |
|                                                                   |   |           | 2,006,512  |     |   | 2,006,512 |   |
|                                                                   |   |           |       |     |   |   |   |
| **Shareholders'                equity (deficit)**                      |   |           |       |     |   |   |   |
| Preferred                stock,Class A no par value,                   |   |           |       |     |   |   |   |
| 400,000                shares authorized, 160,000 shares issued and    |   |           |       |     |   |   |   |
| outstanding                                                            |   |           | 400,000    |     |   | 400,000 |   |
|                                                                   |   |           |       |     |   |   |   |
| Common                stock, $0.001 par value, 900,000,000 shares      |   |           |       |     |   |   |   |
| authorized,                752,262,441 shares issued and               |   |           |       |     |   |   |   |
| outstanding                                                            |   |           | 752,262    |     |   | 752,262 |   |
| Additional                paid-in capital                              |   |           | 2,185      |     |   | 899,420 |   |
|                                                                   |   |           |       |     |   |   |   |
| Accumulated                deficit                                     |   |           | (1,471,088 | )        |   | (1,068,850 | ) |
|                                                                   |   |           |       |     |   |   |   |
| Total                shareholders' equity (deficit)                    |   |           | (316,641   | )        |   | 982,832 |   |
|                                                                   |   |           |       |     |   |   |   |
| Total                liabilities and shareholders' equity (deficit)    |   | $              | 1,689,871  |     |   | 2,989,344 |   |

*F-14*

----

*-          15          -*

----

*-          16          -*

----

*-          17          -*

----

*-          18          -*

----

| 2.1    | Agreement                and Plan of Reorganization - Pocketspec Technologies, Inc. and Sierra                Norte LLC (a)                                                                                                                                                                                                                                                                                                                      |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 2.2    | Acquisition                Agreement - Pocketspec Technologies, Inc. and Spanish Trails, LLC                (b)                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.1    | Articles                of Incorporation of Falcon Ridge Development, Inc. previously                filed.                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.2    | Bylaws                of Falcon Ridge Development, Inc. previously filed.                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.3    | Articles                of Organization of Sierra Norte, LLC previously filed.                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.4    | Operating                Agreement of Sierra Norte, LLC previously filed.                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.5    | Articles                of Organization of Spanish Trails, LLC previously                filed.                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.6    | Operating                Agreement of Spanish Trails, LLC previously filed.                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 4.1    | Articles                of Amendment - Establishment of Series of Preferred Stock previously                filed.                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.1   | Purchase                Agreement - Spanish Trails, LLC and D.R. Horton* (Confidential portions                of                this agreement noted by *** have been omitted and filed separately                with                the Securities and Exchange Commission pursuant to a request for                confidentiality under Rule 24b-2 of the Securities Exchange Act of                1934.)                Previously filed. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.2   | Promissory                Note - Karen Y. Duran - Sierra Norte, LLC - May 20, 2005 - $150,000                previously filed.                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.3   | Promissory                Note - Karen Y. Duran - Sierra Norte, LLC - June 1, 2005 - $200,000                previously filed.                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.4   | Promissory                Note - Karen Y. Duran - Sierra Norte, LLC - June 19, 2005 - $66,000                previously filed.                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 14.1   | Code                of Ethics previously filed.                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 21.1   | List                of Subsidiaries previously filed.                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 23.1   | Consents                of experts                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 31.1   | Certification                of Chief Executive Officer pursuant to Rule                13a-14(a)/15(d)-14(a)*                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 31.2   | Certification                of Chief Financial Officer pursuant to Rule                13a-14(a)/15(d)-14(a)*                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 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*                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 99     | Additional                Exhibits - None                                                                                                                                                                                                                                                                                                                                                                                                        |

*-          19          -*

----

|                                             |                                                                                                        |                                  |
|--------------------------------------------------|-------------------------------------------------------------------------------------------------------------|---------------------------------------|
|                                             | **Falcon                Ridge Development, Inc.**                                                           |
|                                        |                                                                                                   |                             |
|  Dated: February              21, 2007 | By:                                                                                               | /s/ Fred              M. Montano |
|                                             | Fred                M. MontanoPresident,                Chief ExecutiveOfficer,                and Director |
|                                             |                                                                                                        |

|                                             |                                                                                                            |                                 |
|--------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|--------------------------------------|
|                                             |                                                                                                                 |
|                                        |                                                                                                       |                            |
| Dated: February              21, 2007  | By:                                                                                                   | /s/ Karen              Y. Duran |
|                                             | Karen                Y. DuranVice                President, Treasurer andChief                Financial Officer |
|                                             |                                                                                                            |

*-          20          -*

----

| 2.1    | Agreement                and Plan of Reorganization - Pocketspec Technologies, Inc. and Sierra                Norte LLC (a)                                                                                                                                                                                                                                                                                                                      |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 2.2    | Acquisition                Agreement - Pocketspec Technologies, Inc. and Spanish Trails, LLC                (b)                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.1    | Articles                of Incorporation of Falcon Ridge Development, Inc. previously                filed.                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.2    | Bylaws                of Falcon Ridge Development, Inc. previously filed.                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.3    | Articles                of Organization of Sierra Norte, LLC previously filed.                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.4    | Operating                Agreement of Sierra Norte, LLC previously filed.                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.5    | Articles                of Organization of Spanish Trails, LLC previously                filed.                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.6    | Operating                Agreement of Spanish Trails, LLC previously filed.                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 4.1    | Articles                of Amendment - Establishment of Series of Preferred Stock previously                filed.                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.1   | Purchase                Agreement - Spanish Trails, LLC and D.R. Horton* (Confidential portions                of                this agreement noted by *** have been omitted and filed separately                with                the Securities and Exchange Commission pursuant to a request for                confidentiality under Rule 24b-2 of the Securities Exchange Act of                1934.)                Previously filed. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.2   | Promissory                Note - Karen Y. Duran - Sierra Norte, LLC - May 20, 2005 - $150,000                previously filed.                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.3   | Promissory                Note - Karen Y. Duran - Sierra Norte, LLC - June 1, 2005 - $200,000                previously filed.                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.4   | Promissory                Note - Karen Y. Duran - Sierra Norte, LLC - June 19, 2005 - $66,000                previously filed.                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 14.1   | Code                of Ethics previously filed.                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 21.1   | List                of Subsidiaries previously filed.                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 23.1   | Consents                of experts                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 31.1   | Certification                of Chief Executive Officer pursuant to Rule                13a-14(a)/15(d)-14(a)*                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 31.2   | Certification                of Chief Financial Officer pursuant to Rule                13a-14(a)/15(d)-14(a)*                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 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*                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 99     | Additional                Exhibits - None                                                                                                                                                                                                                                                                                                                                                                                                        |

*-          21          -*

----