SECURIITES AND
EXCHANGE COMMISSION  Washington, D.C.
20549  Form 10-K AMENDMENT NO. 2  Annual Report Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934  For the fiscal year
ended: December 31, 2006  Commission File No.
 333-103986  NANO-JET, INC. (Exact name of
registrant as specified in its charter)  Nevada
98-0384073(State of other
jurisdiction of incorporation or organization)
(IRS Employer
Identification No.)  15321 Main Street, Suite
102 PO Box 5000, PMB 152 Duvall, WA 98019 (Address of principal
executive offices)  Registrants telephone
number: (425) 788-9823   Securities registered
under Section 12(b) of the Exchange Act:   Securities registered
under Section 12(g) of the Exchange Act:  Common stock   Indicate by check mark if the
registrant is a well-known seasoned issuer, as defined in Rule 405 of the
Securities Act.  [  ]  Yes     [X]
 No  Indicate by check mark if the
registrant is not required to file reports pursuant to Section 13 or Section
15(d) of the Act.  [  ]  Yes     [X]
 No  Indicate by check mark whether the
issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of
the Exchange Act of 1934 during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.  [X] Yes  [
 ] No  Indicate by check mark whether the
registrant has submitted electronically and posted on tis corporate Website, if
any, every Interactive Data File required to be submitted and posted pursuant to
Rule 405 of Regulation S-T §232.405 of this chapter) during the preceding 12
months (or for such shorter period that t6he registrant was required to submit
and post such files). [
 ]  Yes [X]  No (Not
required by smaller reporting companies)   Indicate by check if disclosure of
delinquent filers in response to Item 405 or Regulation S-K (§229.405 of this
chapter) is not contained herein, to the best of registrants knowledge, in
definitive proxy or information statements incorporated by reference in Part III
of this Form 10-K or any amendment to this Form 10-K.  [  ]  Indicate by check
mark whether the registrant is a large accelerated filer, an accelerated filer,
or a smaller reporting company.  See the definitions of the large
accelerated filer, accelerate filer, and smaller reporting company in   Rule 12b-2 of the Exchange Act.   (Check one): Large Accelerated Filer [  ] Accelerated Filer [  ] Non-Accelerated Filer [  ] Smaller reporting company [X] (Do not check if a smaller reporting company)  Indicate by
checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of
the Exchange Act).    [ ] Yes     [ X ]
No  State the aggregate market value of
the voting and non-voting common equity held by non-affiliates computed by
reference to the price at which the common equity was sold, or the average bid
and asked price of such common equity, as of a specified date within the past 60
days.  $0.00  DOCUMENTS INCORPORATED BY
REFERENCE No documents are incorporated herein
by reference.   EXPLANATORY NOTE  This
Amendment #2 on Form 10-K/A amends and restates items identified below with
respect to the Form 10-KSB filed by Hitor, Inc. (formerly know as Nano-Jet
Corp.) (the Company) for the period ended December 31, 2006, with the
Securities and Exchange Commission (the SEC) on April 17, 2007 (the Original
Filing), and the amendment filed June 15, 2009 (Amendment #1).  The
purpose of this Amendment is to include the auditors report which was
inadvertently omitted from Amendment #1.  No other portion of either the
original filing or Amendment #1 has been changed.     Item
7. Financial
Statements      NANO-JET, CORP.Index to Financial Statements(Audited)REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
F-1Balance
Sheet:December
31, 2006



F-2Statements
of Operations:For
the year ended December 31, 2006



F-3Statements
of Stockholders' Deficit:For
the year ended December 31, 2006



F-4Statements
of Cash Flows:For
the year ended December 31, 2006



F-5Notes to
Financial Statements:December
31, 2006



F-6 to
F-13      THOMAS J. HARRIS CERTIFIED PUBLIC ACCOUNTANT 3901 STONE WAY N., SUITE 202 SEATTLE, WA  98103 206.547.6050  REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM   To the Board of
Directors Hitor Group, Inc.
(formerly Nano-Jet, Corp)  I have
audited the accompanying balance sheets of Hitor Group, Inc. (formerly Nano-Jet,
Corp) Restated  (A Development Stage Company) as of December 31, 2006, and
the related restated statements of operations, stockholders equity and cash
flows for the years then ended, and the period July 15, 2005(inception) to
December 31, 2006.  These financial statements are the responsibility of
the Companys management.  My responsibility is to express an opinion on
these financial statements based on my audit.  I
conducted my audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States).  Those standards require that I
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement.  An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements.  An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation.  I believe that my
audit provides a reasonable basis for my opinion.  In my
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Hitor Group, Inc. (formerly
Nano-Jet, Corp) (A Development Stage Company) as of December 31, 2006 and the
results of its operations and cash flows for the years then ended and July 15,
2005(inception), to December 31, 2006 in conformity with generally accepted
accounting principles in the United States of America.  The
accompanying financial statements have been prepared assuming the Company will
continue as a going concern.  As discussed in Note #4 to the financial
statements, the Company has had no operations and has no established source of
revenue.  This raises substantial doubt about its ability to continue as a
going concern.  Managements plan in regard to these matters is also
described in Note # 4.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.  Management has
elected to restate the financial statements to record the acquisition of Hitor
Group, Inc. (formerly Nano-Jet, Corp) as a reverse merger I accordance with SEC
Accounting and Reporting Manual Section 10.516 Reverse Acquisitions.  [nanojet20062ndamended10k002.gif]  Seattle,
Washington April 16, 2007,
except the restatement for which the date is March 29, 2009  F-1       NANO-JET, CORP.(A development stage
enterprise)Balance SheetRestatedDecember 31,2006ASSETSCurrent assets:Cash



$
       140,127Funds held in trust,
Attorney



1,412Accounts receivable



3,500Inventory



9,870Total current
assets



154,909Fixed AssetsFurniture and
Equipment



-Computer
Equipment



-Leasehold
Improvements



-Total Fixed Assets



-Less Accumulated Depreciation



-Net Fixed Assets



-Other AssetsDeposits



-Goodwill



-Total Other Assets



-Total
assets



$
       154,909LIABILITIESCurrent liabilities:Accounts payable and
accrued expenses



$
          2,829Convertible Notes Payable



200,000Deposit



-Advances from
shareholder



75,531Advance from Lantz
Financial, Inc.



24,500Total current
liabilities



302,860Long-term  liabilities:Total long-term
liabilities



-Total
liabilities



302,860STOCKHOLDERS' DEFICITCommon stock, $.001 par value,
100,000,000 authorized,40,569,633 shares issued and
outstanding



40,570Capital in excess of par value



31,799Deficit accumulated during the
development stage



(220,320)Total
stockholders' deficit



(147,951)Total
liabilities and stockholders' deficit



$
       154,909F-2       NANO-JET, CORP.(A development stage enterprise)Statements of OperationsRestatedCumulative,Inception,July 15,

Three Months

Year2005 Through

Ended

EndedDecember 31,

December 31,

December 31,2006

2006

2006Sales

$
        10,500

$
               -

$         10,500Cost of
Sales

11,109

-

3,365Cost of
Sales

(609)

-

7,135General and
administrative expenses:Salaries

51,880



25,780Depreciation

-

-

-Legal
and professional

114,568

6,155

31,743Marketing
and Advertising

576



576Insurance

3,486



3,107Communications

2,510



1,787Rent

-Demo
Expense

-Other
general and administrative

46,725

8,506

28,800Total
operating expenses

219,745

14,661

91,793(Loss)
from operations

(220,354)

(14,661)

(84,658)Other income
(expense):Interest
Income

34

-

30Interest
(expense)

-

-

-(Loss)
before taxes

(220,320)

(14,661)

(84,628)Provision
(credit) for taxes on income

-

-

-Net
(loss)

$      (220,320)

$
       (14,661)

$
       (84,628)Basic earnings
(loss) per common share



$
          (0.00)

$
          (0.00)Weighted
average number of shares outstanding



40,569,500

40,519,250F-3       NANO-JET, CORP.(A development stage enterprise)Statements of Stockholders' DeficitRestatedDeficitAccumulatedCapital in

During theCommon Stock

Excess of

DevelopmentShares

Amount

Par Value

Stage

TotalInception, July 15, 2005 through December
31, 2005 Restated:Balances, December 31, 2005

81,005,000

$
       81,005

$
          -

$
    (135,692)

$
    (54,687)Effects of Reverse Merger with
LFG

(40,435,367)

(40,435)

31,799



(8,636)Net (loss)







(84,628)

(84,628)Balances, December 31, 2006

40,569,633

$
       40,570

$ 31,799

$
    (220,320)

$   (147,951)F-4       NANO-JET, CORP.(A development stage enterprise)Statements of Cash FlowsRestatedCumulative,Inception,July 15,2005 ThroughDecember 31,

December 31,2006

2006Cash
flows from operating activities:Net
(loss)

$
     (220,320)

$
       (84,628)Adjustments
to reconcile net (loss) to cashprovided
(used) by developmental stage activities:Common
stock issued for services

81,005Effects
of reverse merger with LFG

(8,636)

(8,636)Depreciation
and Amortization



-Change
in current assets and liabilities:Funds
held in trust, Attorney

(1,412)

1,508Inventory

(9,870)

-Accounts
receivable

(3,500)

-Deposits

-

-Accounts
payable and accrued expenses

2,829

(26,662)Net
cash flows from operating activities

(159,904)

(118,418)Cash
flows from investing activities:Purchase
of fixed assets

-

-Website
development costs incurred

-

-Net
cash flows from investing activities

-

-Cash
flows from financing activities:Proceeds
from sale of common stock

-

-Advances
from shareholder

75,531

48,545Convertible
Note Payable

200,000

200,000Advance
from Lantz Financial, Inc.

24,500

10,000Net
cash flows from financing activities

300,031

258,545Net
cash flows

140,127

140,127Cash and
equivalents, beginning of period

-

-Cash and
equivalents, end of period

$        140,127

$        140,127Supplemental
cash flow disclosures:Cash
paid for interest

$
               -

$
               -Cash
paid for income taxes

-

-F-5    Nano-Jet Corp. (A
development stage enterprise) Notes to Financial Statements December 31, 2006   Note 1 -
Organization and summary of significant accounting policies: Following
is a summary of the Companys organization and significant accounting policies: Organization
and nature of business Hitor Group Inc., formerly Nano-Jet Corp. (We, or
the Company) is a Nevada corporation incorporated on July 15, 2005. Effective
December 6, 2007, the Company changed its name to Hitor Group Inc. The
Companys product is anticipated to allow owners and operators of both gasoline
and diesel powered vehicles to potentially increase fuel efficiency while
reducing fuel emissions into the environment. In addition, the Company intends
to operate three other subsidiaries. One will focus on oil extraction, transport
and storage solutions. The other will focus on alternative powered private and
commercial vehicles.  The Company owns a proprietary technology and
currently is applying for patents and has hired patent attorneys for this
technology worldwide Basis
of presentation Our accounting and reporting policies conform to U.S.
generally accepted accounting principles applicable to development stage
enterprises.  Changes in classification of 2006 amounts have been made to
conform to current presentations. Use
of estimates -The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amount of revenues and expenses during the reporting
period. Actual results could differ from those estimates. Cash
and cash equivalents -For purposes of the statement of cash flows, we
consider all cash in banks, money market funds, and certificates of deposit with
a maturity of less than three months to be cash equivalents.  Funds
held in trust, Attorney  Our attorney held funds from our account from time
to time, and used them to pay corporate expenses.  We do not have a bank
account.  We consider such funds to be a current asset, but do not consider
them to be cash equivalents. Inventory Inventory is recorded at lower of cost or market, cost is computed on a
first-in first-out basis.  The inventory consists of imported parts.  Website
development costs We follow Emerging Issues Task Force Issue No. 00-2,
Accounting for Website Development Costs, (EITF Issue No. 00-2),
which provides that for specific website development costs, the accounting
should be based generally on AICPA Statement of Position 98-1, Accounting
for the Costs of Computer Software Developed or Obtained for Internal
Use.  Under SOP 98-1, development costs are capitalized and
amortized to income over the estimated useful life of the website.  We
amortized our costs over a period ending in November, 2004, at which time our
domain registration expired. Property
and Equipment  The Company values its investment in property and equipment
at cost less accumulated depreciation.  Depreciation is computed primarily
by the straight line method over the estimated useful lives of the assets
ranging from five to thirty-nine years.      Nano-Jet Corp. (A
development stage enterprise) Notes to Financial Statements December 31, 2006   Fair
value of financial instruments and derivative financial instruments  We
have adopted Statements of Financial Accounting Standards regarding
Disclosure About Derivative Financial Instruments and Fair Value of Financial
Instruments. The carrying amounts of cash, accounts payable, accrued
expenses, and other current liabilities approximate fair value because of the
short maturity of these items. These fair value estimates are subjective in
nature and involve uncertainties and matters of significant judgment, and,
therefore, cannot be determined with precision. Changes in assumptions could
significantly affect these estimates.  We do not hold or issue financial
instruments for trading purposes, nor do we utilize derivative instruments in
the management of foreign exchange, commodity price or interest rate market
risks. Federal
income taxes - Deferred income taxes are reported for timing differences
between items of income or expense reported in the financial statements and
those reported for income tax purposes in accordance with Statements of
Financial Accounting Standards regarding Accounting for Income Taxes,
which requires the use of the asset/liability method of accounting for income
taxes. Deferred income taxes and tax benefits are recognized for the future tax
consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax
bases, and for tax loss and credit carryforwards.  Deferred tax assets and
liabilities are measured using enacted tax rates expected to apply to taxable
income in the years in which those temporary differences are expected to be
recovered or settled.  Deferred taxes are provided for the estimated future
tax effects attributable to temporary differences and carryforwards when
realization is more likely than not. Net
income per share of common stock  We have adopted Statements of Financial
Standards regarding Earnings per Share, which requires presentation of
basic and diluted EPS on the face of the income statement for all entities with
complex capital structures and requires a reconciliation of the numerator and
denominator of the basic EPS computation to the numerator and denominator of the
diluted EPS computation.  In the accompanying financial statements, basic
earnings per share of common stock is computed by dividing net income by the
weighted average number of shares of common stock outstanding during the period.
 We do not have a complex capital structure requiring the computation of
diluted earnings per share. Note 2 - Restated
Statements The financial statements have been revised due to managements
determination that the merger of the Company with LFG International, Inc. which
was originally shown as an acquisition was in fact a reverse merger.  All
statements since September 30, 2006, date of merger, have been revised for this
correction.  The following table
represents the effects of the restated statements as of December 31, 2006:    Nano-Jet Corp. (A
development stage enterprise) Notes to Financial Statements December 31, 2006   [nanojet20062ndamended10k004.gif]   Note 3 -
Uncertainty, going concern: At
December 31, 2006, we were engaged in a business and had suffered losses from
development stage activities to date. In addition, current liabilities exceed
current assets, and we have minimal operating funds. Although management is
currently attempting to identify business opportunities and is seeking
additional sources of equity or debt financing, there is no assurance these
activities will be successful. Accordingly, we must rely on our officers to
perform essential functions without compensation until a business operation can
be commenced.  No amounts have been recorded in the accompanying financial
statements for the value of officers services, as it is not considered
material. These
factors raise substantial doubt about the ability of the Company to continue as
a going concern. The financial statements do not include any adjustments that
might result from the outcome of this uncertainty. Note 4 -
Related party transactions: A
company related to our controlling shareholder, Dieter Behring, advanced funds
to the Company during 2004 to finance operations. The advances are not evidenced
by a promissory note, do not bear interest, and are due upon demand. Note
5  Advance from Lantz Financial, Inc.: On
March 6, 2006, April 20, 2005 and November 28, 2005, we obtained loans of
$10,000, $8,500 and $6,000 respectively from Lantz Financial, Inc., a Panamanian
company.  Lantz is a non-affiliate of the Company (not associated with any
officer, director, or 5% shareholder). The loans are not evidenced by a note, do
not bear interest, and are unsecured. They are due on demand.  The lender
has indicated that it may want to convert the debt into shares in the future,
but there is no agreement to that effect and no understanding as to any other
terms. Note
6 - Federal income tax: We
follow Statements of Financial Accounting Standards regarding Accounting for
Income Taxes. Deferred income taxes reflect the net effect of (a) temporary
difference between carrying amounts of assets and liabilities for financial
purposes and the amounts used for income tax reporting purposes, and (b) net
operating loss carryforwards. No net provision for refundable Federal income tax
has been made in the accompanying statement of loss because no recoverable taxes
were paid previously. Similarly, no deferred tax asset attributable to the net
operating loss carryforward has been recognized, as it is not deemed likely to
be realized.   Nano-Jet Corp. (A
development stage enterprise) Notes to Financial Statements December 31, 2006    The
provision for refundable Federal income tax consists of the following: 12/31/2006 Refundable
Federal income tax attributable to: Current
operations  $(28,774) Less,
Nondeductible expenses  -0- -Less,
Change in valuation allowance  28,774 Net
refundable amount -0-  The
cumulative tax effect at the expected rate of 34% of significant items
comprising our net deferred tax amount is as follows:  12/31/2006 Deferred
tax asset attributable to:  Net
operating loss carryover  $74,909 Less,
Valuation allowance  (
74,909) Net
deferred tax asset -0- At
December 31, 2006, an unused net operating loss carryover approximating $220,320
is available to offset future taxable income; it expires beginning in 2018.
 Due to the change of control of the Company, the use of the net operating
loss may be limited in the future. Note
7  Cumulative sales of stock: Since
its inception, we have issued shares of common stock as follows: Since
its inception, we have issued shares of common stock as follows:  On July 15, 2005, the
Company issued 81,005,000 founder shares for services rendered in the amount of
$81,005.  On
September 30, 2006 the Company completed a reverse merger with LFG
International, Inc.  The Company issued 67,133 shares for the outstanding
shares of LFG International, Inc.  As part of the recapitalization of the
reverse merger the Company rolled forward a reverse 2:1 stock split.  The
effect of this reverse split was a reduction of the outstanding shares of
40,435,367.  Note 8 
Convertible Notes Payable: On
December 12, 2006 the Company issued a convertible notes payable in the amount
of $300,000.  $200,000 of the loan was advanced in December, 2006.  In
March 2007, the additional $100,000 was received.  The note is due one year
from the date of issue and bears interest at the rate of 5% per annum compounded
annually.  The terms of the note allow the holder to convert the note into
shares of the companys stock at the rate of one share per $1 of debt including
unpaid interest.  The balance of the convertible notes payable at December
31, 2007 was $300,000.  Note
9  Merger with LFG International, Inc.: Effective
September 30, 2006 the Company issued 67,000 shares of its common stock as part
of the merger with LFG International, Inc.  The Company has issued a
significant amount of its stock to acquire the Company and therefore is
considered a reverse acquisition under SFAS No. 141.   Nano-Jet Corp. (A
development stage enterprise) Notes to Financial Statements December 31, 2006   As part of the
reverse acquisition the Company initiated a 2:1 stock reversal at date of
transaction.  At the time of
the merger, September 30, 2006, the assets and liabilities of the Company and
LFG International consisted of the following: Nano Jet

LFG

Adjustment

CombinedASSETS:Current
Assets:Cash
$
           447

$
             -



$
           447Cash
held in trust account


2,920



2,920Accounts
receivable
3,500





3,500Inventory
9,870





9,870Total
Current Assets
13,817

2,920



16,737TOTAL
ASSETS
$       13,817

$         2,920



$       16,737LIABILITIES AND
STOCKHOLDERS DEFICIT:Current
Liabilities:Accounts
payable
$
             -

$       41,569

$     (41,569)

$
             -Accrued
expenses
3,516

17,000

(20,516)

-Total
Current Liabilities
3,516

58,569

(62,085)

-Long
Term Liabilities:Shareholder
loans
118,461

20,000

(4,428)

134,033Loans
payable
25,000

24,500

(25,000)

24,500Total
Long Term Liabilities
143,461

44,500

(29,428)

158,533Stockholders
Deficit:Common
stock
81,005

67

(40,502)

40,570Paid
in capital


72,000

(40,201)

31,799Accumulated
deficit
(214,165)

(172,216)

172,216

(214,165)Total
Stockholders Deficit
(133,160)

(100,149)

91,513

(141,796)TOTAL
LIABILITIES ANDSTOCKHOLDERS
DEFICIT
$       13,817

$         2,920

$
             -

$       16,737  The
Company has verified the existence of the assets and has combined them for the
total assets of $16,737.  However, while examining the amount of
liabilities it was determined that a vast amount of these would not actually be
paid.  Due to the excess years on these payables it was determined that it
would not acquire these aged liabilities.  Therefore, the Company
eliminated $41,569 in accounts payable, $20,516 in accrued expenses, $25,000 in
notes payable and $4428 in shareholder payables.  These liabilities were
adjusted against capital in excess of par value.  The $3,516 in accrued
expenses on Nano Jet were similar to the LFG expenses and were also written
off.  Note
10 - New accounting pronouncements: In May 2008, the
Financial Accounting Standards Board (FASB) issued SFAS No. 163, Accounting
for Financial Guarantee Insurance Contracts-and interpretation of FASB Statement
No. 60.  SFAS No. 163 clarifies how Statement 60 applies to financial
guarantee insurance contracts, including the recognition and measurement of
premium revenue and claims liabilities. This statement also requires expanded
disclosures about financial guarantee insurance contracts. SFAS No. 163 is
effective for fiscal years beginning on or after December 15, 2008, and interim   Nano-Jet Corp. (A
development stage enterprise) Notes to Financial Statements December 31, 2006   periods within those
years. SFAS No. 163 has no effect on the Companys financial position,
statements of operations, or cash flows at this time.  In May 2008, the
Financial Accounting Standards Board (FASB) issued SFAS No. 162, The
Hierarchy of Generally Accepted Accounting Principles.  SFAS No. 162 sets
forth the level of authority to a given accounting pronouncement or document by
category. Where there might be conflicting guidance between two categories, the
more authoritative category will prevail. SFAS No. 162 will become effective 60
days after the SEC approves the PCAOBs amendments to AU Section 411 of the
AICPA Professional Standards. SFAS No. 162 has no effect on the Companys
financial position, statements of operations, or cash flows at this time.  In March 2008, the
Financial Accounting Standards Board, or FASB, issued SFAS No. 161, Disclosures
about Derivative Instruments and Hedging Activitiesan amendment of FASB
Statement No. 133.  This standard requires companies to provide
enhanced disclosures about (a) how and why an entity uses derivative
instruments, (b) how derivative instruments and related hedged items are
accounted for under Statement 133 and its related interpretations, and (c) how
derivative instruments and related hedged items affect an entitys financial
position, financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application encouraged. The Company has not yet
adopted the provisions of SFAS No. 161, but does not expect it to have a
material impact on its consolidated financial position, results of operations or
cash flows.  In December
2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding the use
of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in developing
an estimate of expected term of "plain vanilla" share options in accordance with
SFAS No. 123 (R), Share-Based Payment.  In particular, the staff
indicated in SAB 107 that it will accept a company's election to use the
simplified method, regardless of whether the company has sufficient information
to make more refined estimates of expected term. At the time SAB 107 was issued,
the staff believed that more detailed external information about employee
exercise behavior (e.g., employee exercise patterns by industry and/or other
categories of companies) would, over time, become readily available to
companies. Therefore, the staff stated in SAB 107 that it would not expect a
company to use the simplified method for share option grants after December 31,
2007. The staff understands that such detailed information about employee
exercise behavior may not be widely available by December 31, 2007. Accordingly,
the staff will continue to accept, under certain circumstances, the use of the
simplified method beyond December 31, 2007. The Company currently uses the
simplified method for plain vanilla share options and warrants, and will
assess the impact of SAB 110 for fiscal year 2009. It is not believed that this
will have an impact on the Companys consolidated financial position, results of
operations or cash flows.  In December 2007, the
FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial
Statementsan amendment of ARB No. 51.  This statement amends ARB 51
to establish accounting and reporting standards for the noncontrolling interest
in a subsidiary and for the deconsolidation of a subsidiary. It clarifies that a
noncontrolling interest in a subsidiary is an ownership interest in the
consolidated entity that should be reported as equity in the consolidated
financial statements. Before this statement was issued, limited guidance existed
for reporting noncontrolling interests. As a result, considerable diversity in
practice existed. So-   Nano-Jet Corp. (A
development stage enterprise) Notes to Financial Statements December 31, 2006   called minority
interests were reported in the consolidated statement of financial position as
liabilities or in the mezzanine section between liabilities and equity. This
statement improves comparability by eliminating that diversity. This statement
is effective for fiscal years, and interim periods within those fiscal years,
beginning on or after December 15, 2008 (that is, January 1, 2009, for entities
with calendar year-ends). Earlier adoption is prohibited. The effective date of
this statement is the same as that of the related Statement 141 (revised 2007).
The Company will adopt this Statement beginning March 1, 2009. It is not
believed that this will have an impact on the Companys consolidated financial
position, results of operations or cash flows.  In December 2007, the
FASB, issued FAS No. 141 (revised 2007), Business Combinations. This Statement
replaces FASB Statement No. 141, Business Combinations, but retains the
fundamental requirements in Statement 141.  This Statement
establishes principles and requirements for how the acquirer: (a) recognizes and
measures in its financial statements the identifiable assets acquired, the
liabilities assumed, and any noncontrolling interest in the acquiree; (b)
recognizes and measures the goodwill acquired in the business combination or a
gain from a bargain purchase; and (c) determines what information to disclose to
enable users of the financial statements to evaluate the nature and financial
effects of the business combination. This statement applies prospectively to
business combinations for which the acquisition date is on or after the
beginning of the first annual reporting period beginning on or after December
15, 2008. An entity may not apply it before that date. The effective date of
this statement is the same as that of the related FASB Statement No. 160,
Noncontrolling Interests in Consolidated Financial Statements.  The
Company will adopt this statement beginning March 1, 2009. It is not believed
that this will have an impact on the Companys consolidated financial position,
results of operations or cash flows.  In February 2007, the
FASB, issued SFAS No. 159, The Fair Value Option for Financial Assets and
LiabilitiesIncluding an Amendment of FASB Statement No. 115.  This
standard permits an entity to choose to measure many financial instruments and
certain other items at fair value. This option is available to all entities.
Most of the provisions in FAS 159 are elective; however, an amendment to FAS 115
Accounting for Certain Investments in Debt and Equity Securities applies to all
entities with available for sale or trading securities. Some requirements apply
differently to entities that do not report net income. SFAS No. 159 is effective
as of the beginning of an entity's first fiscal year that begins after November
15, 2007. Early adoption is permitted as of the beginning of the previous fiscal
year provided that the entity makes that choice in the first 120 days of that
fiscal year and also elects to apply the provisions of SFAS No. 157 Fair Value
Measurements.  The Company will adopt SFAS No. 159 beginning March 1,
2008 and is currently evaluating the potential impact the adoption of this
pronouncement will have on its consolidated financial statements.  In September 2006,
the FASB issued SFAS No. 157, Fair Value Measurements  This statement
defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles (GAAP), and expands disclosures about
fair value measurements. This statement applies under other accounting
pronouncements that require or permit fair value measurements, the Board having
previously concluded in those accounting pronouncements that fair value is the
relevant measurement attribute. Accordingly, this statement does not require any
new fair value measurements. However, for some entities, the application of this
statement will   Nano-Jet Corp. (A
development stage enterprise) Notes to Financial Statements December 31, 2006   change current
practice. This statement is effective for financial statements issued for fiscal
years beginning after November 15, 2007, and interim periods within those fiscal
years. Earlier application is encouraged, provided that the reporting entity has
not yet issued financial statements for that fiscal year, including financial
statements for an interim period within that fiscal year. The Company will adopt
this statement March 1, 2008, and it is not believed that this will have an
impact on the Companys consolidated financial position, results of operations
or cash flows.       Signatures  In accordance with Section 13 or
15(d) of the Exchange Act, the registrant caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.  NANO-JET, INC.   [nanojet20062ndamended10k006.gif] _________________________________ Ken Martin President, Chief Executive Officer,
Director Date:  October 1, 2009   In accordance with the Exchange Act,
this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.  [nanojet20062ndamended10k008.gif] __________________ Ken
Martin Chief
Executive Officer, Chief
Accounting Officer, Director Date:
 October 1,
2009