| x | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|-------------------------------------------------------------------------------------|

| Nevada                          |   | 87-0437723             |
|---------------------------------|--------|------------------------|
| (State or other Jurisdiction of |   | (IRS Employer          |
| Incorporation or Organization)  |   | Identification Number) |

| Large accelerated filer  ̈ | Accelerated filer  ̈   |
|--------------------------------|----------------------------|
| Non-accelerated filer  ̈   | Smaller reporting companyx |

----

| Item 1. Consolidated Financial Statements (Unaudited)                                               | Page                                                                                                         |
|-----------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------|
|                                                                                                |                                                                                                         |   |
|                                                                                                | Consolidated Balance Sheets as of December 31, 2010 and March 31, 2010                                       | 3 |
|                                                                                                |                                                                                                         |   |
|                                                                                                | Consolidated Statements of Expenses for the nine months ended December 31, 2010 and 2009                     | 4 |
|                                                                                                |                                                                                                         |   |
|                                                                                                | Consolidated Statements of Cash Flows for the nine months ended December 31, 2010 and 2009                   | 5 |
|                                                                                                |                                                                                                         |   |
|                                                                                                | Consolidated Statement of Changes in Stockholders’ Deficit for the nine months ended December 31, 2010 | 6 |
|                                                                                                |                                                                                                         |   |
|                                                                                                | Selected notes to consolidated unaudited financial statements                                                | 7-8 |
|                                                                                                |                                                                                                         |   |
| Item 2. Management's Discussion and Analysis of  Financial Condition and Results of Operations | 9-12                                                                                                         |
|                                                                                                |                                                                                                         |   |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                                  | 12                                                                                                           |
|                                                                                                |                                                                                                         |
| Item 4T. Controls and Procedures                                                                    | 12                                                                                                           |

| Item 1. Legal Proceedings                                           | 13 |
|---------------------------------------------------------------------|----|
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 13 |
| Item 3. Defaults Upon Senior Securities                             | 13 |
| Item 4. Submission of Matters of a Vote of Security Holders         | 13 |
| Item 5. Other information                                           | 13 |
| Item 6. Exhibits                                                    | 13 |

----

|                                                                                                                                          |   | December 31, 2010 |         |   | March 31, 2010 |
|-----------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------------|--------|----------------|
|                                                                                                                                          |   |              |         |   |           |
| ASSETS                                                                                                                                        |   |              |         |   |           |
| Current assets:                                                                                                                               |   |              |         |   |           |
| Cash                                                                                                                                          |   | $                 | 31,116       |   |           | $ | 89,789 |
| Investment                                                                                                                                    |   |              | 192,280      |   |           |   | - |
| Prepaid expenses                                                                                                                              |   |              | -            |   |           |   | 13,000 |
| Loan costs, net of accumulated amortization of $267,777  and $262,347, respectively                                                 |   |              | 9,965        |   |           |   | 13,223 |
| Total current assets                                                                                                                          |   |              | 233,361      |   |           |   | 116,012 |
|                                                                                                                                          |   |              |         |   |           |   |   |
| Property and equipment, net accumulated depreciation of $1,149,428 and $1,49,177, respectively                                                |   |              | -            |   |           |   | 775 |
| Intangible asset – patent                                                                                                               |   |              | 25,300       |   |           |   | 25,300 |
| TOTAL ASSETS                                                                                                                                  |   | $                 | 258,661      |   |           | $ | 142,087 |
|                                                                                                                                          |   |              |         |   |           |   |   |
| LIABILITIES                                                                                                                                   |   |              |         |   |           |   |   |
| Current liabilities:                                                                                                                          |   |              |         |   |           |   |   |
| Accounts payable                                                                                                                              |   | $                 | 1,416,327    |   |           | $ | 1,416,298 |
| Accounts Payable – related parties                                                                                                      |   |              | 408,656      |   |           |   | 408,656 |
| Accrued expenses                                                                                                                              |   |              | 5,067,442    |   |           |   | 4,410,788 |
| Current portion of notes payable                                                                                                              |   |              | 1,628,440    |   |           |   | 2,291,440 |
| Derivative liability                                                                                                                          |   |              | 296,992      |   |           |   | 30,924 |
| Settlement obligation                                                                                                                         |   |              | 8,686,824    |   |           |   | 8,686,824 |
| Current portion of notes payable – related parties                                                                                      |   |              | 1,543,442    |   |           |   | 1,698,922 |
| Total current liabilities                                                                                                                     |   |              | 19,048,123   |   |           |   | 18,943,852 |
|                                                                                                                                          |   |              |         |   |           |   |   |
| Convertible notes payable, net of discount of $721,001                                                                                        |   |              | 1,041,999    |   |           |   | - |
|                                                                                                                                          |   |              |         |   |           |   |   |
| Total liabilities                                                                                                                             |   |              | 20,090,122   |   |           |   | 18,943,852 |
|                                                                                                                                          |   |              |         |   |           |   |   |
|                                                                                                                                          |   |              |         |   |           |   |   |
| STOCKHOLDERS’ DEFICIT                                                                                                                   |   |              |         |   |           |   |   |
| Preferred stock, 300,000,000 shares authorized, $.001 par value, 31,250,000 issued and outstanding. or  none issued and outstanding |   |              | 31,250       |   |           |   | 31,250 |
| Common stock, $.001 par value; 300,000,000 shares authorized; 200,687,890 and 199,487,890 shares issued and outstanding, respectively.        |   |              | 200,687      |   |           |   | 199,487 |
| Additional paid-in capital                                                                                                                    |   |              | 55,263,389   |   |           |   | 55,176,881 |
| Treasury Stock                                                                                                                                |   |              | (200,000)    |   |           |   | (200,000) |
| Accumulated deficit                                                                                                                           |   |              | (75,126,787) |   |           |   | (74,009,383) |
| Total stockholders’ deficit                                                                                                             |   |              | (19,831,461) |   |           |   | (18,801,765) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                             |   | $                 | 258,661      |   |           | $ | 142,087 |
|                                                                                                                                          |   |              |         |   |           |   |   |
|                                                                                                                                          |   |              |         |   |           |   |   |

----

|                                       | Nine months ended                                       |   | Three months ended                                |
|--------------------------------------------|---------------------------------------------------------|--------|---------------------------------------------------|
|                                       | December 31,                                            |   | December 31,                                      |
|                                       |                                                    |   | 2009                                              |   |   |   | 2009 |
|                                       | 2010                                                    |   | (Restated)                                        |   | 2010 |   | (Restated) |
|                                       |                                                    |   |                                              |   |   |   |   |
| Operating expenses                         |                                                    |   |                                              |   |   |   |   |
| Depreciation and amortization              |  $     775                |   |  $   77,886                   |   |  $    251 |   |  $   25,962 |
| Research and development expense           | 150,020                                                 |   | -                                                 |   |        - |   | - |
| General and administrative                 | 1,024,982                                               |   | 1,121,375                                         |   | 221,800 |   | 382,208 |
|                                       |                                                    |   |                                              |   |   |   |   |
| Total expenses                             | 1,175,777                                               |   | 1,199,261                                         |   | 222,051 |   | 408,170 |
|                                       |                                                    |   |                                              |   |   |   |   |
| Loss from operations                       | (1,175,777)                                             |   | (1,199,261)                                       |   | (222,051) |   | (408,170) |
|                                       |                                                    |   |                                              |   |   |   |   |
| Interest expense                      | 613,451                                                 |   | 428,475                                           |   | 219,747 |   | 146,230 |
| Gain on derivative liabilities             | (658,301)                                               |   |        -       |   | (247,750) |   |        - |
| Gain on investment                         | (13,523)                                                |   |        -       |   |      (13,523) |   |        - |
| Gain on conversion of debt                 | -                                                       |   | 781,250                                           |   |        - |   | 554,400 |
|                                       |                                                    |   |                                              |   |   |   |   |
| Net loss                                   |  $  (1,117,404)                          |   |  $ (1,627,736)                               |   |  $    (180,525) |   |  $    (554,400) |
|                                       |                                                    |   |                                              |   |   |   |   |
| Basic and diluted:                         |                                                    |   |                                              |   |   |   |   |
| Loss per common share                      |  $       (0.01) |   |  $      (0.01) |   |  $      (0.00) |   |  $      (0.00) |
| Weighted average common shares outstanding | 200,657,345                                             |   | 194,726,470                                       |   | 200,687,890 |   | 194,796,466 |

----

|                                                                    |   | Nine Months Ended |
|-------------------------------------------------------------------------|--------|-------------------|
|                                                                    |   | December 31,      |
|                                                                    |   | 2010              |   |   | 2009 (Restated) |
|                                                                    |   |              |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                    |   |              |   |   |   |
| Net loss                                                                |   | $                 | (1,117,404) |   |   | $ | (846,486) |
| Adjustments to reconcile net loss to cash used in operating activities: |   |              |   |   |   |   |   |
| Depreciation and amortization                                           |   |              | 775 |   |   |   | 77,886 |
| Amortization of debt discount                                           |   |              | 234,292 |   |   |   | - |
| Amortization of deferred finance costs                                  |   |              | 3,258 |   |   |   | 3,258 |
| Change in fair value of derivative liabilities                          |   |              | (658,301) |   |   |   | - |
| Stock based compensation                                                |   |              | 54,000 |   |   |   | - |
| Imputed interest                                                        |   |              | 33,708 |   |   |   | 93,738 |
| Common Stock issued for services                                        |   |              |   |   |   |   | 96,644 |
| Gain on Investment                                                      |   |              | (13,523) |   |   |   |   |
| Gain on conversion of debt                                              |   |              | - |   |   |   | (781,250) |
|                                                                    |   |              |   |   |   |   |   |
| Changes in assets and liabilities:                                      |   |              |   |   |   |   |   |
| Accounts payable and accrued expenses                                   |   |              | 445,874 |   |   |   | 715,214 |
| Accounts payable – related party                                  |   |              | - |   |   |   | 25,583 |
| Accrued interest – related parties                                |   |              | 210,809 |   |   |   | 149,402 |
| Prepaid expenses and other current asset                                |   |              | 13,000 |   |   |   | 12,198 |
| NET CASH USED IN OPERATING ACTIVITIES                                   |   |              | (793,512) |   |   |   | (453,813) |
|                                                                    |   |              |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                    |   |              |   |   |   |   |   |
| Cash Paid for equipment                                                 |   |              | - |   |   |   | (95,000) |
| Purchase of investment                                                  |   |              | (178,757) |   |   |   | - |
|                                                                    |   |              |   |   |   |   |   |
| NET CASH USED IN INVESTING ACTIVITIES                                   |   |              | (178,757) |   |   |   | (95,000) |
|                                                                    |   |              |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                    |   |              |   |   |   |   |   |
| Proceeds from stockholder loans, net                                    |   |              | - |   |   |   | (61,542) |
| Repayment on related party debt                                         |   |              | (155,480) |   |   |   | - |
| Proceeds from issuance of common stock                                  |   |              | - |   |   |   | - |
| Proceeds from issuance of convertible notes                             |   |              | 1,069,076 |   |   |   | 650,000 |
| Principal payments on short-term debt                                   |   |              | - |   |   |   | - |
| NET CASH PROVIDED BY FINANCING ACTIVITIES                               |   |              | 913,596 |   |   |   | 588,458 |
|                                                                    |   |              |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                         |   |              | (58,673) |   |   |   | 39,645 |
| CASH AT BEGINNING OF PERIOD                                             |   |              | 89,789 |   |   |   | 70,618 |
| CASH AT END OF PERIOD                                                   |   | $                 | 31,116 |   |   | $ | 110,263 |
|                                                                    |   |              |   |   |   |   |   |
|                                                                    |   |              |   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW INFORMATION:                                     |   |              |   |   |   |   |   |
| Interest paid                                                           |   | $                 | - |   |   | $ |    56 |
| Taxes paid                                                              |   | $                 |   |   |   | $ |    -  |

----

----

| Liabilities Measured at Fair Value on a Recurring Basis |   | December 31, 2010 |
|---------------------------------------------------------|--------|-------------------|
|                                                    |   | Level 1           | Level 2 | Level 3 | Total |
| Derivative liabilities                                  |   |              |   | $  296,992 |  $ 296,992 |
|                                                    |   |              |   |   |   |
|                                                    |   | March 31, 2010    |
|                                                    |   | Level 1           | Level 2 | Level 3 | Total |
| Derivative liabilities                                  |   |              |   | $  30,924 |  $ 30,924 |
|                                                    |   |              |   |   |   |

| Assets Measured at Fair Value on a Recurring Basis |   | December 31, 2010 |
|----------------------------------------------------|--------|-------------------|
|                                               |   | Level 1           | Level 2 | Level 3 | Total |
| Investment in silver coins                         |   |              | $192,280 |   |  $192,280 |
|                                               |   |              |   |   |   |
|                                               |   | March 31, 2010    |
|                                               |   | Level 1           | Level 2 | Level 3 | Total |
| Investment in silver coins                         |   |              |   | - | - |
|                                               |   |              |   |   |   |

----

| June 30, 2009                                     |   |   |  As       |   |             |   |  As       |
|---------------------------------------------------|--------|--------|----------------|--------|------------------|--------|----------------|
|                                              |   |   |  Reported |   |  Adjustment |   |  Restated |
| Consolidated Balance Sheet                        |   |   |           |   |             |   |           |
| Deposits                                          |   | $      | 887,076        | $      | (887,076)        | $      | -              |
| TOTAL ASSETS                                      |   |   | 1,082,240      |   | (887,076)        |   | 195,164        |
| Accumulated deficit                               |   |   | (72,437,860)   |   | (887,076)        |   | (73,324,936)   |
|                                              |   |   |           |   |             |   |           |
| Total stockholders’ deficit                 |   |   | (19,053,136)   |   | (887,076)        |   | (19,940,212)   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT |   |   | 1,082,240      |   | (887,076)        |   | 195,164        |

----

| For the Period Ended June 30, 2009                         |   |   |  As       |   |             |   |  As       |
|------------------------------------------------------------|--------|--------|----------------|--------|------------------|--------|----------------|
|                                                       |   |   |  Reported |   |  Adjustment |   |  Restated |
| Consolidated Statement of Expenses                         |   |   |           |   |             |   |           |
| General and administrative                                 |   | $      | 392,282        | $      | (27,440)         | $      | 364,842        |
|                                                       |   |   |           |   |             |   |           |
| Total expenses                                             |   |   | 418,244        |   | (27,440)         |   | 390,804        |
|                                                       |   |   |           |   |             |   |           |
| Loss from operations                                       |   |   | (418,244)      |   | 27,440           |   | (390,804)      |
|                                                       |   |   |           |   |             |   |           |
| Net loss                                                   |   |   | (599,836)      |   | 27,440           |   | (572,396)      |
|                                                       |   |   |           |   |             |   |           |
| For the Year Ended June 30, 2009                           |   |   | As             |   |             |   |  As       |
|                                                       |   |   | Reported       |   |  Adjustment |   |  Restated |
| Consolidated Statements of Cash Flows                      |   |   |           |   |             |   |           |
|                                                       |   |   |           |   |             |   |
| Accounts payable and accrued expenses                      |   | $      | 203,951        | $      | (35,000)         | $      | 168,951        |
| NET CASH USED IN OPERATING ACTIVITIES                      |   |   | (222,018)      |   | (35,000)         |   | (257,018)      |
|     Cash paid for prototype            |   |   | (35,000)       |   | 35,000           |   | -              |
| NET CASH USED IN OPERATING ACTIVITIES                      |   |   | (35,000)       |   | 35,000           |   | -              |
|                                                       |   |   |           |   |             |   |           |
| For the Three Months Ended June 30, 2010                   |   |   |  As       |   |             |   |  As       |
|                                                       |   |   |  Reported |   |  Adjustment |   |  Restated |
| Consolidated Statement of Changes in Stockholders' deficit |   |   |           |   |             |   |           |
|                                                       |   |   |           |   |             |   |           |
| Balances at March 31, 2009                                 |   | $      | (71,838,024)   | $      | (914,516)        | $      | (72,752,540)   |
| Net Loss                                                   |   |   | (270,822)      |   | 27,440           |   | (243,382)      |
| Accumulated deficit                                        |   |   | (72,437,860)   |   | (887,076)        |   | (73,324,936)   |
| Total stockholders’ deficit                          |   |   | (19,053,136)   |   | (887,076)        |   | (19,940,212)   |

----

----

| Exhibit Number | Description                                                                                                                                                                                                                                                               |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |                                                                                                                                                                                                                                                                      |
| 3.1            | Articles of Incorporation, as amended (Incorporated by reference to Exhibit 3.1 to the Registrant's Forms 10-K for the fiscal years ended March 31, 1995 and March 31, 1996).                                                                                        |
| 3.2            | Bylaws (Incorporated by reference to Exhibit 3.2 to the Registrants’ Form 10-K for the fiscal year ended March 31, 1995).                                                                                                                                           |
|           |                                                                                                                                                                                                                                                                      |
| 10.1           | Purchase and Sale of Business Agreement between Earth Search Sciences, Inc. and Ken Danchuk, Ron McQueen and Larry Vance dated August 15, 2008 (Incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8K as filed September 9, 2008) |
|           |                                                                                                                                                                                                                                                                      |
| 10.2           | Promissory Note of Earth Search Sciences, Inc. in favor of Ken Danchuk dated August 15, 2008 (Incorporated by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8K as filed September 9, 2008)                                                   |
|           |                                                                                                                                                                                                                                                                      |
| 10.3           | Promissory Note of Earth Search Sciences, Inc. in favor of Ron McQueen dated August 15, 2008 (Incorporated by reference to Exhibit 10.3 to the Registrant’s Current Report on Form 8K as filed September 9, 2008)                                                   |
|           |                                                                                                                                                                                                                                                                      |
| 10.4           | Promissory Note of Earth Search Sciences, Inc. in favor of Larry Vance dated August 15, 2008 (Incorporated by reference to Exhibit 10.4 to the Registrant’s Current Report on Form 8K as filed September 9, 2008)                                                   |
|           |                                                                                                                                                                                                                                                                      |
| 10.5           | Agreement for Consulting Services between Earth Search Sciences, Inc. and Ken Danchuk dated August 15, 2008 (Incorporated by reference to Exhibit 10.5 to the Registrant’s Current Report on Form 8K as filed September 9, 2008)                                    |
|           |                                                                                                                                                                                                                                                                      |
| 10.6           | Agreement for Consulting Services between Earth Search Sciences, Inc. and Ron McQueen dated August 15, 2008 (Incorporated by reference to Exhibit 10.6 to the Registrant’s Current Report on Form 8K as filed September 9, 2008)                                    |
|           |                                                                                                                                                                                                                                                                      |
| 10.7           | Agreement for Consulting Services between Earth Search Sciences, Inc. and Larry Vance dated August 15, 2008 (Incorporated by reference to Exhibit 10.7 to the Registrant’s Current Report on Form 8K as filed September 9, 2008)                                    |
|           |                                                                                                                                                                                                                                                                      |
| 10.8           | Agreement for Debt Settlement between Earth Search Sciences, Inc. and Larry Vance dated July 9, 2009                                                                                                                                                                      |
|           |                                                                                                                                                                                                                                                                      |
| 10.9           | Agreement for Debt Settlement between Earth Search Sciences, Inc. and Ken Danchuk dated July 9, 2009                                                                                                                                                                      |
|           |                                                                                                                                                                                                                                                                      |
| 11.1           | Agreement for Debt Settlement between Earth Search Sciences, Inc. and Ron McQueen dated July 9, 2009                                                                                                                                                                      |
|           |                                                                                                                                                                                                                                                                      |
| 31.1           | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (Filed herewith)                                                                                                                                                                                 |
|           |                                                                                                                                                                                                                                                                      |
| 31.2           | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (Filed herewith)                                                                                                                                                                                 |
|           |                                                                                                                                                                                                                                                                      |
| 32.1           | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (Filed herewith)                                                                                                                                                                                 |
|           |                                                                                                                                                                                                                                                                      |
| 32.2           | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (Filed herewith)                                                                                                                                                                                 |

----

|                    | EARTH SEARCH SCIENCES, INC.                                                                                                                                                              |
|-------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                    |                                                                                                                                                                                          |
| Date: February 15, 2011 | /s/ Larry Vance                              |
|                    | Larry Vance                                                                                                                                                                                   |
|                    | Principal Executive Officer                                                                                                                                                                   |

|                    |                                                                                                                                                                                                     |
|-------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Date: February 15, 2011 | /s/ Tami Story                                |
|                    | Tami Story                                                                                                                                                                                               |
|                    | Principal Accounting Officer                                                                                                                                                                             |