----

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| Colorado                                                                |   | 84-0846389                                    |
|-------------------------------------------------------------------------|--------|-----------------------------------------------|
| (State or other jurisdiction      ofincorporation or      organization) |   | (IRS      EmployerIdentification      Number) |
|                                                                    |
| 665 Martinsville Road,      Basking Ridge, New Jersey 07920             |
| (Address of principal executive      offices)                           |
|                                                                    |
| ((908)      542-0888                                                    |
| (Registrant’s telephone number,      including area code)         |

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|         |                                                                  | PAGE   |
|--------------|-----------------------------------------------------------------------|--------|
| PART      1. | FINANCIAL      INFORMATION                                            |   |
|         |                                                                  |   |
| Item      1. | Financial      Statements                                             | 1      |
|         |                                                                  |   |
| Item      2. | Management’s Discussion and      Analysis or Plan of Operations | 12     |
|         |                                                                  |   |
| Item      3. | Controls and      Procedures                                          | 19     |
|         |                                                                  |   |
| PART      2. | OTHER      INFORMATION                                                |   |
|         |                                                                  |   |
| Item      1. | Legal      Proceedings                                                | 20     |
|         |                                                                  |   |
| Item      2. | Unregistered Sales of Securities      and Use of Proceeds             | 20     |
|         |                                                                  |   |
| Item      3. | Defaults Upon Senior      Securities                                  | 20     |
|         |                                                                  |   |
| Item      4. | Submissions of Matters to a Vote      of Security Holders             | 20     |
|         |                                                                  |   |
| Item      5. | Other      Information                                                | 20     |
|         |                                                                  |   |
| Item      6. | Exhibits                                                              |   |
|         |                                                                  |   |
| SIGNATURES   | 21                                                                    |

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| ANALYTICAL      SURVEYS, INC.                                                                                         |   |
|-----------------------------------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED      BALANCE SHEETS                                                                                      |   |
| (Unaudited)                                                                                                           |   |
|                                                                                                                  |   |   |   |
|                                                                                                                  |   | March 31, 2008 |   |
| Assets                                                                                                                |   |   |   |
| Current      assets:                                                                                                  |   |   |   |
|      Cash      and cash equivalents                                                          |   | $ | 312,931 |   |
|      Accounts      receivable, net of allowance for doubtful accounts of $0                  |   |   | 44,885 |   |
|      Prepaid      miscellaneous - related party                                              |   |   | 84,500 |   |
|      Prepaid      expenses and other                                                         |   |   | 12,975 |   |
|      Assets      held for resale                                                             |   |   | 486,000 |   |
|           Total      current assets                                 |   |   | 941,291 |   |
|                                                                                                                  |   |   |   |   |
| Property,      equipment, and leasehold improvements, at cost:                                                        |   |   |   |   |
|      Equipment                                                                               |   |   | 9,838 |   |
|      Machinery      and equipment                                                            |   |   | 41,000 |   |
|      Purchased      software                                                                 |   |   | 46,485 |   |
|      Furniture      and fixtures                                                             |   |   | 9,322 |   |
|      Leasehold      improvements                                                             |   |   | 20,000 |   |
|                                                                                                                  |   |   | 126,645 |   |
|      Less      accumulated depreciation                                                      |   |   | (5,110 | ) |
|           Net      property and leasehold improvements              |   |   | 121,535 |   |
| Long-term      and intangible assets                                                                                  |   |   |   |   |
|          License,      at acquisition cost,                              |   |   | 68,284 |   |
|          Deposits                                                        |   |   | 4,000 |   |
|                                                                                                                  |   |   |   |   |
|           Total      assets                                         |   | $ | 1,135,110 |   |
|                                                                                                                  |   |   |   |   |
| Liabilities and      Shareholder's Deficit                                                                            |   |   |   |   |
| Current      Liabilities                                                                                              |   |   |   |   |
|      Senior      secured convertible debenture, net of discount                              |   | $ | 691,815 |   |
|       Accounts      payable                                                             |   |   | 170,816 |   |
|      Accrued      liabilities                                                                |   |   | 257,248 |   |
|      Accrued      payroll                                                                    |   |   | 35,237 |   |
|           Total      current liabilities                            |   |   | 1,155,116 |   |
|                                                                                                                  |   |   |   |   |
| Commitments      and contingencies                                                                                    |   |   | - |   |
|                                                                                                                  |   |   |   |   |
| Stockholders'      deficit:                                                                                           |   |   |   |   |
|      Common      stock, no par value; authorized, 100,000,000 shares;                        |   |   |   |   |
|          40,772,278      shares issued and outstanding at March 31, 2008 |   |   | 503,945 |   |
|       Deficit      accumulated during development stage                                 |   |   | (523,951 | ) |
|           Total      stockholders' deficit                          |   |   |   |   |
|                                                                                                                  |   |   | (20,006 | ) |
|           Total      liabilities and stockholders' deficit          |   |   |   |   |
|                                                                                                                  |   | $ | 1,135,110 |   |
|                                                                                                                  |   |   |   |   |
| See      accompanying notes to consolidated financial statements.                                                     |   |   |   |   |
|                                                                                                                  |   |   |   |   |

----

| ANALYTICAL      SURVEYS, INC.              |
|--------------------------------------------|
| CONSOLIDATED      STATEMENTS OF OPERATIONS |
| (Unaudited)                                |

|                                                                                                                 |   | Three      months ending |       |   | Inception      through |   |
|----------------------------------------------------------------------------------------------------------------------|--------|--------------------------|------------|--------|------------------------|--------|
|                                                                                                                 |   | March      31, 2008      |       |
|                                                                                                                 |   |                     |       |   |                   |   |
| Revenue                                                                                                              |   | $                        | -          |   |                   | $      | - |   |
|                                                                                                                 |   |                     |       |   |                   |   |   |   |
|                                                                                                                 |   |                     |       |   |                   |   |   |   |
|      Research      and development costs                                                    |   |                     | 39,606     |   |                   |   | 62,106 |   |
|      Marketing      and sales                                                               |   |                     | 21,967     |   |                   |   | 21,967 |   |
|      General      and administrative expenses                                               |   |                     | 345,065    |   |                   |   | 391,542 |   |
|      Depreciation      and amortization                                                     |   |                     | 5,110      |   |                   |   | 5,110 |   |
|                                                                                                                 |   |                     |       |   |                   |   |   |   |
|         Total      operating costs and expenses                              |   |                     | 411,748    |   |                   |   | 480,725 |   |
|                                                                                                                 |   |                     |       |   |                   |   |   |   |
|           Loss      from operations                                |   |                     | (411,748   | )      |                   |   | (480,725 | ) |
| Other      income (expense)                                                                                          |   |                     |       |   |                   |   |   |   |
|      Interest      expense, net                                                             |   |                     | 43,226     |   |                   |   | 43,226 |   |
|                                                                                                                 |   |                     |       |   |                   |   |   |   |
|         Total      other expense, net                                        |   |                     | 43,226     |   |                   |   | 43,226 |   |
|                                                                                                                 |   |                     |       |   |                   |   |   |   |
|           Loss      before income taxes                            |   |                     | (454,974   | )      |                   |   | (523,951 | ) |
|                                                                                                                 |   |                     |       |   |                   |   |   |   |
| Provision      for income taxes                                                                                      |   |                     | -          |   |                   |   | - |   |
|                                                                                                                 |   |                     |       |   |                   |   |   |   |
| Net      loss available to common stockholders                                                                       |   | $                   | (454,974   | )      |                   | $      | (523,951 | ) |
|                                                                                                                 |   |                     |       |   |                   |   |   |   |
|      Basic      and diluted net loss per common share available to common      stockholders |   | $                        | (0.01      | )      |                   | $      | (0.02 | ) |
|                                                                                                                 |   |                     |       |   |                   |   |   |   |
| Weighted      average common shares:                                                                                 |   |                     | 35,908,262 |   |                   |   | 32,175,407 |   |
|        See      accompanying notes to consolidated financial      statements.                                   |   |                     |       |   |                   |   |   |   |

----

| ANALYTICAL      SURVEYS, INC.                                                                                            |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED      STATEMENTS OF STOCKHOLDERS’ DEFICIT                                                              |   |
| Inception      to March 31, 2008                                                                                         |   |
|                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                     |   | Common      Stock |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                     |   | Shares |   |   | Amount |   |   | Paid      in Capital |   |   | Deficit      accumulated during development stage |   |   | Total |   |
|                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance      of common stock to founders                                                                                |   |   | 85 |   |   | $ | 85 |   |   | $ | (85 | ) |   | $ | - |   |   | $ | - |   |
| Issuance      of common stock for license                                                                                |   |   | 15 |   |   |   | 15 |   |   |   | 19,985 |   |   |   | - |   |   |   | 20,000 |   |
| Issuance      of common stock for services                                                                               |   |   | 54 |   |   |   | 54 |   |   |   | 19,946 |   |   |   | - |   |   |   | 20,000 |   |
| Private      placement of common stock, including conversion of note payable to common      stock, net of issuance costs |   |   | 39 |   |   |   | 39 |   |   |   | 822,292 |   |   |   | - |   |   |   | 822,331 |   |
| Exchange      of shares                                                                                                  |   |   | 36,762,357 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Shares      issued in reverse merger                                                                                     |   |   | 4,009,728 |   |   |   | (193 | ) |   |   | 193 |   |   |   | - |   |   |   | - |   |
| Liabilities      assumed in excess of fair value of assets pursuant to    merger                                         |   |   | - |   |   |   | - |   |   |   | (358,386 | ) |   |   | - |   |   |   | (358,386 | ) |
| Net      loss                                                                                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (523,951 | ) |   |   | (523,951 | ) |
|                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balances      at March 31, 2008                                                                                          |   |   | 40,772,278 |   |   | $ | - |   |   | $ | 503,945 |   |   | $ | (523,951 | ) |   | $ | (20,006 | ) |
|                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See      accompanying notes to consolidated financial statements.                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |

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| ANALYTICAL      SURVEYS, INC                                                                                                                    |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED      STATEMENT OF CASH FLOWS                                                                                                       |   |
| (Unaudited)                                                                                                                                     |   |
|                                                                                                                                            |   | Three      months ending |   |   | Inception      through |   |
|                                                                                                                                            |   | March 31, 2008 |   |
| Cash      flow from operating activities:                                                                                                       |   |   |   |   |   |   |
|    Net      earnings (loss)                                                                                                      |   | $ | (454,974 | ) |   | $ | (523,951 | ) |
|    Adjustments      to reconcile net income (loss) to net                                                                        |   |   |   |   |   |   |   |   |
|      cash      provided by (used in) operating activities                                                              |   |   |   |   |   |   |   |   |
|        Depreciation,      and amortization                                                                   |   |   | 5,110 |   |   |   | 5,110 |   |
|       Accretion      of interest expense on convertible debenture                                                 |   |   | 35,513 |   |   |   | 35,513 |   |
|        Issuance      of common stock for services                                                            |   |   | - |   |   |   | 20,000 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
|         Changes      in operating assets and liabilities                                                |   |   | - |   |   |   | - |   |
|                  Accounts      receivable                  |   |   | 14,163 |   |   |   | 14,163 |   |
|                  Prepaid      expenses-related party       |   |   | (84,500 | ) |   |   | (84,500 | ) |
|                  Prepaid      expenses and other           |   |   | 15,011 |   |   |   | (11,892 | ) |
|                  Assets      held for resale               |   |   | - |   |   |   | - |   |
|                  Accounts      payable                     |   |   | 145,662 |   |   |   | 170,816 |   |
|                  Accrued      liabilities                  |   |   | (30,232 | ) |   |   | (29,632 | ) |
|                  Accrued      payroll and related benefits |   |   | 689 |   |   |   | 19,421 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
|            Net      cash used in operating activities                                    |   |   | (353,558 | ) |   |   | (384,952 | ) |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Cash      flows from investing activities:                                                                                                      |   |   |   |   |   |   |   |   |
|            Purchase      of equipment and leasehold improvements                         |   |   | (107,776 | ) |   |   | (119,173 | ) |
|             Costs      to acquire license                                           |   |   | - |   |   |   | (48,284 | ) |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
|          Net      cash used in investing activities                                                |   |   | (107,776 | ) |   |   | (167,457 | ) |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Cash      flows from financing activities:                                                                                                      |   |   |   |   |   |   |   |   |
|             Proceeds      from short term note                                      |   |   | - |   |   |   | 27,164 |   |
|             Issuance      of common stock, net of expenses                          |   |   | 251,150 |   |   |   | 795,165 |   |
|            Cash      acquired in reverse merger                                          |   |   | 43,011 |   |   |   | 43,011 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
|    Net      cash provided by financing activities                                                                                |   |   | 294,161 |   |   |   | 865,340 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Net      increase (decrease) in cash                                                                                                            |   |   | (167,173 | ) |   |   | 312,931 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Cash      at beginning of period                                                                                                                |   |   | 480,104 |   |   |   | - |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Cash      at end of period                                                                                                                      |   | $ | 312,931 |   |   | $ | 312,931 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Supplemental      disclosures of cash flow information:                                                                                         |   |   |   |   |   |   |   |   |
| Cash      paid for interest                                                                                                                     |   | $ | - |   |   | $ | - |   |
| Non-cash      financing activities:                                                                                                             |   |   |   |   |   |   |   |   |
|                Common      stock issued for consulting services      |   | $ | - |   |   | $ | 20,000 |   |
|                Conversion      of notes                              |   | $ | - |   |   | $ | 27,164 |   |
|                Common      stock issued for license agreement        |   | $ | - |   |   | $ | 20,000 |   |
|                Common      stock issued pursuant to merger           |   | $ | 358,385 |   |   | $ | 358,385 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| See      accompanying notes to consolidated financial statements.                                                                               |   |   |   |   |   |   |   |   |

----

----

| Asset      Category                            |   | Depreciation/      Amortization Period |   |
|------------------------------------------------|--------|----------------------------------------|--------|
| Furniture      and fixtures                    |   | 3      to 5 years                      |   |
| Computer      equipment and purchased software |   | 3      years                           |   |
| Machinery      and equipment                   |   | 3      to 5 years                      |   |
| Leasehold      improvements                    |   | Term      of lease                     |   |

----

----

|                                                                                                     |   |    |    |   |
|----------------------------------------------------------------------------------------------------------|--------|---------|---------|--------|
| Fair      value of net assets acquired:                                                                  |   | $       | 600,612 |   |
| Consideration      given:                                                                                |   |    |    |   |
| Fair      value of liabilities assumed                                                                   |   |    | 958,998 |   |
| Net      liabilities acquired over fair value of assets, recorded as a reduction to      paid in capital |   |  $ | 358,386 |   |

| Long-Term      Debt                             |   |   | March      31,2008 |   |
|-------------------------------------------------|--------|--------|--------------------|--------|
| Senior      secured convertible debentures      |   | $      | 1,643,050          |   |
| Discount      for beneficial conversion feature |   |   | (951,235)          |   |
|                                            |   |   | 691,815            |   |
| Less      current portion                       |   |   | (691,815           | )      |
|                                            |   | $      | —            |   |

----

|                                                   |   | Conversion      Price |   | Common      Shares Issuable |
|--------------------------------------------------------|--------|-----------------------|--------|-----------------------------|
| Class      A Warrants                                  |   | 381,890               |   |                        | 1.340 |   | 381,890 |   |
| Class      B Warrants                                  |   | 381,890               |   |                        | 1.490 |   | 381,890 |   |
| Class      E Warrants                                  |   | 752,072               |   |                        | 1.186 |   | 752,072 |   |
| Note      Warrants issued to advisors in November 2006 |   | 189,928               |   |                        | 0.570 |   | 189,928 |   |
| Debentures                                             | $      | 1,643,050             |   |                        | 0.100 |   | 16,430,500 |   |
| Total      shares issuable and weighted average price  |   |                  |   | $                           | 0.20 |   | 18,136,280 |   |

----

| Number      or shares (post merger) |            | Vests      upon achievement of annual revenue totaling |             | Exercise      Price |                          | Intrinsic      value on date of grant |   |
|-------------------------------------|-----------------|--------------------------------------------------------|------------------|---------------------|-------------------------------|---------------------------------------|--------|
|                                |            |                                                   |             |                |                          |                                  |   |
|                                | 762,076         |                                                   | $10      million |                | $1.00      per 190,519 shares |                                  | $      | 104,600 |   |
|                                | 1,143,114       |                                                   | $15      million |                | $1.00      per 190,519 shares |                                  |   | 156,900 |   |
|                                | 2,667,266       |                                                   | $50      million |                | $1.00      per 190,519 shares |                                  |   | 366,100 |   |
|                                | 4,572,456  |                                                   |             |                |                          |                                  | $      | 627,600  |   |

|                                                             | Number      of Options |    | Weighted      Average Exercise Price Per Share |
|------------------------------------------------------------------|------------------------|---------|------------------------------------------------|
| Options      outstanding pursuant to ASI plans at March 20, 2008 |                   | 410     |                                           | $ | 1.15 |
| Granted                                                          |                   | 4,572   |                                           |   | — |
| Exercised                                                        |                   | — |                                           |   | — |
| Canceled                                                         |                   | (5)     |                                           |   | 1.34 |
| Balance,      March 31, 2008                                     |                   | 4,977   |                                           | $ | 0.09 |

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| • | our      ability to  execute our business plan;                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------|
| • | once      we start to generate sales, actual or anticipated quarterly variations in      our operating results; |
| • | the      success of our business and operating strategy; and                                                    |
| • | the      operating and stock price performance of other comparable      companies.                              |

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|   | 10.1 | License      Agreement, dated February 1, 2007, by and between Rutgers, the State      University of New Jersey, and Axion International,  Inc. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.1   | Section      302 Certification of Chief ExecutiveOfficer |
|--------|------------------|----------------------------------------------------------|

|   | 31.2   | Section      302 Certification of Chief FinancialOfficer |
|--------|------------------|----------------------------------------------------------|

|   | 32.1   | Section      906 Certification of Chief ExecutiveOfficer |
|--------|------------------|----------------------------------------------------------|

|   | 32.2  | Section      906 Certification of Chief FinancialOfficer |
|--------|------------|----------------------------------------------------------|

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