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| INOLIFE TECHNOLOGIES, INC.                             |
|--------------------------------------------------------|
| (Exact Name of Registrant as Specified in its Charter) |

| NEW YORK                                                                   |   |  30-0299889                    |
|---------------------------------------------------------------------------------|--------|-------------------------------------|
| (State or Other Jurisdiction of incorporation or organization)   |   | (I.R.S. EmployerIdentification No.) |

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|                           |                                                                                              |   | Page   |   |
|--------------------------------|---------------------------------------------------------------------------------------------------|--------|--------|--------|
|                           |                                                                                              |   |   |   |
| PART I - FINANCIAL INFORMATION |                                                                                              |
|                           |                                                                                              |   |   |   |
| Item 1.                        | Financial Statements.                                                         |   |   | 3      |   |
|                           |                                                                                              |   |   |   |   |
| Item 2.                   | Management's Discussion and Analysis of Financial Condition and Results of Operations.  |   |   | 9      |   |
|                           |                                                                                              |   |   |   |   |
| Item 3.                   |  Quantitative and Qualitative Disclosures About Market Risk.             |   |   | 10     |   |
|                           |                                                                                              |   |   |   |   |
| Item 4.              | Controls and Procedures.                                                                |   |   | 10     |   |
|                           |                                                                                              |   |   |   |   |
| PART II - OTHER INFORMATION    |                                                                                              |
|                           |                                                                                              |   |   |   |   |
| Item 1.                        | Legal Proceedings.                                                       |   |   | 11     |   |
|                           |                                                                                              |   |   |   |   |
| Item 2.                        | Unregistered Sales of Equity Securities and Use of Proceeds.                                 |   |   | 11     |   |
|                           |                                                                                              |   |   |   |   |
| Item 3.              | Defaults Upon Senior Securities.                                                                  |   |   | 11     |   |
|                           |                                                                                              |   |   |   |   |
| Item 4.              | Submission of Matters to a Vote of Security Holders.                                    |   |   | 11     |   |
|                           |                                                                                              |   |   |   |   |
| Item 5.                        | Other Information.                                                                 |   |   | 11     |   |
|                           |                                                                                              |   |   |   |   |
| Item 6.                        | Exhibits.                                                      |   |   | 11     |   |

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|                                                                                                                                        |   | (Unaudited & Restated)September 30,2010 |       |   | March 31, 2010 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|------------|--------|----------------|--------|
| Assets                                                                                                                                      |   |                                        |       |   |           |   |
| Current Assets:                                                                                                                             |   |                                        |       |   |           |   |
| Cash and Cash Equivalents                                                                                                                   |   | $                                           | 90,218     |   |           | $      | 42,512 |   |
| Prepaid Expenses                                                                                                                            |   |                                        | 588,115    |   |           |   | - |   |
| Other Current Assets                                                                                                                        |   |                                        | -          |   |           |   | - |   |
| Total Assets                                                                                                                                |   | $                                           | 678,333    |   |           | $      | 42,512 |   |
|                                                                                                                                        |   |                                        |       |   |           |   |   |   |
| Liabilities and Shareholders' Earnings (Deficit)                                                                                            |   |                                        |       |   |           |   |   |   |
| Current Liabilities:                                                                                                                        |   |                                        |       |   |           |   |   |   |
| Accounts Payable                                                                                                                            |   | $                                           | 74,804     |   |           | $      | 71,358 |   |
| Loans Payable-Management                                                                                                                    |   |                                        | 35,147     |   |           |   | 39,993 |   |
| Current Portion of Convertible Notes Payable                                                                                                |   |                                        | -          |   |           |   | - |   |
| Accrued Interest                                                                                                                            |   |                                        | 19,099     |   |           |   | 4,370 |   |
| Payroll Tax Liabilities                                                                                                                     |   |                                        | 14,211     |   |           |   | 14,211 |   |
| Total Current Liabilities                                                                                                                   |   |                                        | 143,261    |   |           |   | 129,932 |   |
|                                                                                                                                        |   |                                        |       |   |           |   |   |   |
| Convertible Notes Payable, Less Current Portion                                                                                             |   |                                        | 328,100    |   |           |   | 204,750 |   |
| Total Liabilities                                                                                                                           |   |                                        | 471,361    |   |           |   | 334,682 |   |
|                                                                                                                                        |   |                                        |       |   |           |   |   |   |
| Shareholders’ Earnings (Deficit):                                                                                                     |   |                                        |       |   |           |   |   |   |
| Common Stock, par value $0.01 per share, 250 million shares authorized, 155,957,962 shares issued (105,115,744 shares as of March 31, 2010) |   |                                        | 1,559,579  |   |           |   | 1,051,157 |   |
| Preferred Stock, par value $0.01 per share, 50 million shares authorized, none issued                                                       |   |                                        | -          |   |           |   | - |   |
| Shares held in Escrow                                                                                                                       |   |                                        | (250,000   | )      |           |   | (250,000 | ) |
| Additional Paid In Capital                                                                                                                  |   |                                        | 986,087    |   |           |   | - |   |
| Retained Deficit                                                                                                                            |   |                                        | (2,088,694 | )      |           |   | (1,093,327 | ) |
| Total Shareholders' Earnings (Deficit)                                                                                                      |   |                                        | 206,972    |   |           |   | (292,170 | )  |
| Total Liabilities and Shareholders' Earnings (Deficit)                                                                                      |   | $                                           | 678,333    |   |           | $      | 42,512 |   |

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|                                       |   | (Unaudited)Three Months Ended September 30, |        |   | (Unaudited) Six Months Ended |   |       | (Unaudited) Period From June 17, 2009 to |   |   | (Unaudited) Period From Date of Inception (June 17, 2009) to |   |
|--------------------------------------------|--------|---------------------------------------------|-------------|--------|------------------------------|--------|------------|------------------------------------------|--------|--------|--------------------------------------------------------------|--------|
|                                       |   | 2010(Restated)                              |        |   | 2009                    |   |       | 2010(Restated)                           |   |   | 2009                                                    |   |   | 2010(Restated) |   |
| Revenues                                   |   | $                                           | -           |   |                         | $      | -          |                                     |   | $      | -                                                            |   |   | $ | - |   |   | $ | - |   |
|                                       |   |                                        |        |   |                         |   |       |                                     |   |   |                                                         |   |   |   |   |   |   |   |   |   |
| Expenses                                   |   |                                        |        |   |                         |   |       |                                     |   |   |                                                         |   |   |   |   |   |   |   |   |   |
| Marketing and Advertising                  |   |                                        | 14,008      |   |                         |   | -          |                                     |   |   | 14,008                                                       |   |   |   | 3,152 |   |   |   | 26,776 |   |
| Professional Services                      |   |                                        | 429,454     |   |                         |   | 14,500     |                                     |   |   | 453,197                                                      |   |   |   | 29,254 |   |   |   | 742,015 |   |
| Interest                                   |   |                                        | 14,729      |   |                         |   | -          |                                     |   |   | 14,729                                                       |   |   |   | - |   |   |   | 19,099 |   |
| Office and General Administrative          |   |                                        | 9,416       |   |                         |   | -          |                                     |   |   | 19,724                                                       |   |   |   | - |   |   |   | 23,880 |   |
| Rent                                       |   |                                        | 3,425       |   |                         |   | -          |                                     |   |   | 6,937                                                        |   |   |   | - |   |   |   | 16,528 |   |
| Total Expenses                             |   |                                        | 471,032     |   |                         |   | 14,500     |                                     |   |   | 508,595                                                      |   |   |   | 32,406 |   |   |   | 828,298 |   |
|                                       |   |                                        |        |   |                         |   |       |                                     |   |   |                                                         |   |   |   |   |   |   |   |   |   |
| Loss from Operations                       |   |                                        | (471,032    | )      |                         |   | (14,500    | )                                        |   |   | (508,595                                                     | )      |   |   | (32,406 | ) |   |   | (828,298 | ) |
|                                       |   |                                        |        |   |                         |   |       |                                     |   |   |                                                         |   |   |   |   |   |   |   |   |   |
| Other Expense (Income)                     |   |                                        |        |   |                         |   |       |                                     |   |   |                                                         |   |   |   |   |   |   |   |   |   |
| Gain on Debt Forgiveness                   |   |                                        | -           |   |                         |   | -          |                                     |   |   | -                                                            |   |   |   | - |   |   |   | (10,501 | ) |
| Recapitalization Expenses                  |   |                                        | -           |   |                         |   | -          |                                     |   |   | -                                                            |   |   |   | - |   |   |   | 759,590 |   |
| Total Other Expenses(Income)               |   |                                        | -           |   |                         |   | -          |                                     |   |   | -                                                            |   |   |   | - |   |   |   | 749,089 |   |
|                                       |   |                                        |        |   |                         |   |       |                                     |   |   |                                                         |   |   |   |   |   |   |   |   |   |
| Net Loss                                   |   | $                                           | (471,032    | )      |                         | $      | (14,500    | )                                        |   | $      | (508,595                                                     | )      |   | $ | (32,406 | ) |   | $ | (1,577,387 | ) |
|                                       |   |                                        |        |   |                         |   |       |                                     |   |   |                                                         |   |   |   |   |   |   |   |   |   |
| Earnings per Share                         |   |                                        |        |   |                         |   |       |                                     |   |   |                                                         |   |   |   |   |   |   |   |   |   |
| Basic                                      |   | $                                           | (0.0036     | )      |                         | $      | (0.0003    | )                                        |   | $      | (0.0042                                                      | )      |   | $ | (0.0007 | ) |   |   |   |   |
| Diluted                                    |   | $                                           | (0.0036     | )      |                         | $      | (0.0003    | )                                        |   | $      | (0.0042                                                      | )      |   | $ | (0.0007 | ) |   |   |   |   |
|                                       |   |                                        |        |   |                         |   |       |                                     |   |   |                                                         |   |   |   |   |   |   |   |   |   |
| Weighted Average Common Shares Outstanding |   |                                        |        |   |                         |   |       |                                     |   |   |                                                         |   |   |   |   |   |   |   |   |   |
| Basic                                      |   |                                        | 132,860,424 |   |                         |   | 49,419,448 |                                     |   |   | 120,903,494                                                  |   |   |   | 49,419,448 |   |   |   |   |   |
| Diluted                                    |   |                                        | 132,860,424 |   |                         |   | 49,419,448 |                                     |   |   | 120,903,494                                                  |   |   |   | 49,419,448 |   |   |   |   |   |

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|                                                             |   | Shares |        |   | CommonStock |   |      | Shares Held in Escrow |   |   | Additional Paid In Capital |   |   | RetainedDeficit |    |   | Total  |   |
|------------------------------------------------------------------|--------|--------|-------------|--------|-------------|--------|-----------|-----------------------|--------|--------|----------------------------|--------|--------|-----------------|---------|--------|--------|--------|
| Balance at Inception (June 17, 2009)                             |   |   | 14,405,908  |   |        | $      | 144,059   |                  |   | $      | -                          |   |   | $               | -       |   |   | $      | - |   |   | $ | 144,059 |   |
|                                                             |   |   |        |   |        |   |      |                  |   |   |                       |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Common Stock Issued for Services                                 |   |   | 24,000,000  |   |        |   | 240,000   |                  |   |   | -                          |   |   |            | -       |   |   |   | - |   |   |   | 240,000 |   |
| Common Stock Issued for Satisfaction of Convertible Note Payable |   |   | 41,709,836  |   |        |   | 417,098   |                  |   |   | -                          |   |   |            | -       |   |   |   | (24,535 | ) |   |   | 392,563 |   |
| Shares Issued for Collateral                                     |   |   | 25,000,000  |   |        |   | 250,000   |                  |   |   | (250,000                   | )      |   |            | -       |   |   |   | - |   |   |   | - |   |
| Net Loss                                                         |   |   | -           |   |        |   | -         |                  |   |   | -                          |   |   |            | -       |   |   |   | (1,068,792 | ) |   |   | (1,068,792 | ) |
| Balance at March 31, 2010                                        |   |   | 105,115,744 |   |        | $      | 1,051,157 |                  |   | $      | (250,000                   | )      |   | $               | -       |   |   | $      | (1,093,327 | ) |   | $ | (292,170 | ) |
|                                                             |   |   |        |   |        |   |      |                  |   |   |                       |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Common Stock Earned but not Issued                               |   |   | -           |   |        |   | -         |                  |   |   | -                          |   |   |            | 986,087 |   |   |   | - |   |   |   | 986,087 |   |
| Common Stock Issued for Satisfaction of Convertible Note Payable |   |   | 50,842,218  |   |        |   | 508,422   |                  |   |   | -                          |   |   |            | -       |   |   |   | (486,772 | ) |   |   | 21,650 |   |
| Net Loss                                                         |   |   | -           |   |        |   | -         |                  |   |   | -                          |   |   |            | -       |   |   |   | (508,595 | ) |   |   | (508,595 | ) |
| Balance at September 30, 2010 – Unaudited & Restated   |   |   | 155,957,962 |   |        | $      | 1,559,579 |                  |   | $      | (250,000                   | )      |   | $               | 986,087 |   |   | $      | (2,088,694 | ) |   | $ | 206,972 |   |

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|                                                            |   | Six Months Ended September 30, 2010(Restated) |     |   | Period from the Date of Inception to September 30, 2009 |   |    | Period from the Date of Inception to September 30, 2010(Restated) |   |
|-----------------------------------------------------------------|--------|-----------------------------------------------|----------|--------|---------------------------------------------------------|--------|---------|-------------------------------------------------------------------|--------|
| Cash Flows from Operating Activities                            |   |                                          |     |   |                                                    |   |    |                                                              |   |
| Net Loss                                                        |   | $                                             | (508,595 | )      |                                                    | $      | (37,057 | )                                                                 |   | $ | (1,577,387 | ) |
| NON-CASH ADJUSTMENTS                                            |   |                                          |     |   |                                                    |   |    |                                                              |   |   |   |   |
| Common Stock Issued in Exchange for Services                    |   |                                          | 397,972  |   |                                                    |   | -       |                                                              |   |   | 637,972 |   |
| Gain on Debt Forgiveness                                        |   |                                          | -        |   |                                                    |   | -       |                                                              |   |   | (10,501 | )  |
| Loss on Recapitalization                                        |   |                                          | -        |   |                                                    |   | -       |                                                              |   |   | 759,590 |   |
| Changes in Assets and Liabilities                               |   |                                          |     |   |                                                    |   |    |                                                              |   |   |   |   |
| Accounts Payable                                                |   |                                          | 3,446    |   |                                                    |   | (20,239 | )                                                                 |   |   | (16,795 | ) |
| Accrued Interest                                                |   |                                          | 14,729   |   |                                                    |   | -       |                                                              |   |   | 17,849 |   |
| Net Cash Used in Operating Activities                           |   |                                          | (92,448  | )      |                                                    |   | (57,296 | )                                                                 |   |   | (189,272 | ) |
|                                                            |   |                                          |     |   |                                                    |   |    |                                                              |   |   |   |   |
| Cash Flows from Financing Activities                            |   |                                          |     |   |                                                    |   |    |                                                              |   |   |   |   |
| Proceeds from Issuance of Convertible Note Payable              |   |                                          | 145,000  |   |                                                    |   | -       |                                                              |   |   | 244,343 |   |
| Net (Repayment) Proceeds from Shareholder Loans                 |   |                                          | (4,846   | )      |                                                    |   | 42,200  |                                                              |   |   | 35,147 |   |
| Net Cash Provided by Financing Activities                       |   |                                          | 140,154  |   |                                                    |   | 42,200  |                                                              |   |   | 279,490 |   |
|                                                            |   |                                          |     |   |                                                    |   |    |                                                              |   |   |   |   |
| Net Change in Cash and Cash Equivalents                         |   |                                          | 47,706   |   |                                                    |   | (15,096 | )                                                                 |   |   | 90,218 |   |
|                                                            |   |                                          |     |   |                                                    |   |    |                                                              |   |   |   |   |
| Cash and Cash Equivalents – Beginning of Period           |   |                                          | 42,512   |   |                                                    |   | 15,119  |                                                              |   |   | - |   |
| Cash and Cash Equivalents – End of Period                 |   | $                                             | 90,218   |   |                                                    | $      | 23      |                                                              |   | $ | 90,218 |   |
|                                                            |   |                                          |     |   |                                                    |   |    |                                                              |   |   |   |   |
| Supplemental Cash Flow Disclosures                              |   |                                          |     |   |                                                    |   |    |                                                              |   |   |   |   |
| Cash paid for interest                                          |   | $                                             | -        |   |                                                    | $      | -       |                                                              |   | $ | - |   |
| Net cash payments for income taxes                              |   | $                                             | -        |   |                                                    | $      | -       |                                                              |   | $ | - |   |
|                                                            |   |                                          |     |   |                                                    |   |    |                                                              |   |   |   |   |
| Supplemental Schedule of Non-Cash Financing Activities          |   |                                          |     |   |                                                    |   |    |                                                              |   |   |   |   |
| Common Stock Issued for Services                                |   | $                                             | -        |   |                                                    | $      | -       |                                                              |   | $ | 240,000 |   |
| Common Stock Earned but not Issued                              |   | $                                             | 986,087  |   |                                                    | $      | -       |                                                              |   | $ | 986,087 |   |
| Common Stock Issued in Satisfaction of Convertible Note Payable |   | $                                             | 21,650   |   |                                                    | $      | -       |                                                              |   | $ | 31,150 |   |

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| 10.1   | Convertible Note dated September 3, 2010 (previously filed)                                                              |
|------------------|--------------------------------------------------------------------------------------------------------------------------|
|             |                                                                                                                     |
| 10.2             | Convertible Note dated September 17, 2010 (previously filed)                                                             |
|             |                                                                                                                     |
| 10.3             | Continental Investment Group, Inc. Consulting Agreement (previously filed on Form 8-K Current Report dated June 2, 2011) |
|             |                                                                                                                     |
| 10.4TRO          | Investments, Inc. Consulting Agreement (previously filed on Form 8-K Current Report dated June 2, 2011)                  |
|             |                                                                                                                     |
| 10.5             | Connied, Inc. Consulting Agreement (previously filed on Form 8-K Current Report dated June 2, 2011)                      |
|             |                                                                                                                     |
| 10.6             | Fuselier and Co., Inc. (previously filed on Form 8-K Current Report dated June 2, 2011)                                  |
|             |                                                                                                                     |
| 31.1             | Rule 13a-14(a) Certification – CEO                                                                                 |
|             |                                                                                                                     |
| 31.2             | Rule 13a-14(a) Certification – CFO                                                                                 |
|             |                                                                                                                     |
| 32               | Certification pursuant to Section 1350                                                                                   |

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|               | INOLIFE TECHNOLOGIES, INC. |                                   |
|--------------------|----------------------------|----------------------------------------|
|               |                       |                                   |   |
| Date: June 6, 2011 | By:                        | /s/ Gary Berthold                 |   |
|               |                       | Gary Berthold, Chief Executive Officer |   |

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