**U.S.
      Securities And Exchange Commission**


**Washington,
      D.C. 20549**





**Form
      10-QSB**





(check
      one)





**x** QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE


SECURITIES
      EXCHANGE ACT OF 1934





For
      the
      Quarterly Period Ended September 30, 2006





**o** TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF


THE
      EXCHANGE ACT OF 1934





Commission
      File Number 000-23737





**Clickable
      Enterprises, Inc.**


(Exact
        Name Of Small Business Issuer As Specified In Its Charter)





**Delaware**


(State
      Or
      Other Jurisdiction Of


Incorporation
      Or Organization)





**82-0290939**


(I.R.S.
      Employer Identification No.)





**Two
      Madison Avenue, Larchmont, NY 10538**


(Address
      Of Principal Executive Offices)





**(914)
      833-9125**


(Issuer's
      Telephone Number)





Check
      whether the registrant (1) filed all reports required to be filed by Section
      13
      or 15(d) of the Exchange Act during the past 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.


**Yes
      o No x**





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act) **Yes
      o No x**





As
      of
      November 29, 2006, there were 481,194,033 shares of the registrant's common
      stock, par value $.001 per share, issued and outstanding and 1,200 shares of
      the
      registrant’s series a preferred stock, par value $.001 per share, issued and
      outstanding.





Transmittal
      Small Business Disclosure Format (Check One):


**Yes
      o No x**












**Clickable
      Enterprises, Inc.**


**Index
      To Form 10-QSB**





**Part
                I-Financial
                Information****Item
                1.**
            Condensed
                Consolidated Financial Statements (Unaudited)Condensed
                Consolidated Balance Sheets as of September 30, 2006 (Unaudited)
                and March
                31, 2006Condensed
                Consolidated Statements of Operations for the Three and Six Months
                Ended
                September 30, 2006 and 2005 (Unaudited)Condensed
                Consolidated Statements of Cash Flows for the Six Months Ended September
                30, 2006 and 2005 (Unaudited)Condensed
                Consolidated Statement of Changes in Stockholders’ Deficiency for the Six
                Months Ended September 30, 2006 (Unaudited)Notes
                to Condensed Consolidated Financial Statements as of September 30,
                2006
                (Unaudited)**Item
                2.**
            Management’s
                Discussion and Analysis or Plan of Operation**Item
                3.**
            Controls
                and Procedures




**Part
                II-Other
                Information****Item
                1.**
            Legal
                Proceedings**Item
                2.**
            Unregistered
                Sales of Equity Securities and Use of Proceeds**Item
                3.**
            Defaults
                Upon Senior Securities**Item
                4.**
            Submission
                of Matters to a Vote of Security Holders**Item
                5.**
            Other
                Information**Item
                6.**
            Exhibits





i





*In
      this report, the terms the “Company”, “we”, “our” and “us” refer to Clickable
      Enterprises, Inc. and unless the context otherwise requires, the Company’s
      wholly-owned subsidiary, ClickableOil.com, Inc.
      (“ClickableOil.com”).*





Cautionary
      Statement Regarding Forward-Looking Statements





*Certain
      statements in the "Management’s Discussion and Analysis or Plan of Operation"
      and elsewhere in this quarterly report constitute "forward-looking statements"
      (within the meaning of the Private Securities Litigation Reform Act of 1995
      (the
      "Act")) relating to us and our business, which represent our current
      expectations or beliefs including, but not limited to, statements concerning
      our
      operations, performance, financial condition and growth. The Act may, in certain
      circumstances, limit our liability in any lawsuit based on forward-looking
      statements that we have made. All statements, other than statements of
      historical facts, included in this quarterly report that address activities,
      events or developments that we expect or anticipate will or may occur in the
      future, including such matters as our projections, future capital expenditures,
      business strategy, competitive strengths, goals, expansion, market and industry
      developments and the growth of our businesses and operations are forward-looking
      statements. Without limiting the generality of the foregoing, words such as
      "may,” “believes,” ”expects,” "anticipates,” "could,” "estimates,” “grow,”
“plan,” "continue," “will,” “seek,” “scheduled,” “goal” or “future” or the
      negative or other comparable terminology are intended to identify
      forward-looking statements. These statements by their nature involve substantial
      risks and uncertainties, such as credit losses, dependence on management and
      key
      personnel, variability of quarterly results, our ability to continue our growth
      strategy and competition, certain of which are beyond our control. Any or all
      of
      our forward-looking statements may turn out to be wrong. They may be affected
      by
      inaccurate assumptions that we might make or by known or unknown risks or
      uncertainties. Should one or more of these risks or uncertainties materialize
      or
      should the underlying assumptions prove incorrect, actual outcomes and results
      could differ materially from those indicated in the forward-looking
      statements.*




*Because
      of the risks and uncertainties associated with forward-looking statements,
      you
      should not place undo reliance on them. Further, any forward-looking statement
      speaks only as of the date on which it is made, and we undertake no obligation
      to update any forward-looking statement to reflect events or circumstances
      after
      the date on which the statement is made or to reflect the occurrence of
      unanticipated events.*





ii




**Clickable
        Enterprises, Inc. And Subsidiary**
 **Condensed
        Consolidated Balance Sheets**
 **(Unaudited)**


September
                  30,
            
            
            March
                  31,2006
            
            
            2006**ASSETS**Current
                AssetsCash
            
            $
            267,658
            
            $
            1,001,903Accounts
                receivable, net of allowance for
            
            
            285,490
            
            
            577,892doubtful
                accounts of $79,000 and $42,600 respectivelyInventory
            
            
            192,785
            
            
            47,349Prepaid
                expenses
            
            
            117,542
            
            
            217,597Due
                from related parties
            
            
            0
            
            
            15,965Debt
                financing costs, net of accumulated
            
            
            64,355
            
            
            81,022amortization
                of $35,645 and $18,978 respectivelyOther
                current assets
            
            
            0
            
            
            0Total
                Current Assets
            
            $
            927,830
            
            $
            1,941,728Property
                and equipment, net of accumulated depreciation of $51,536
              and
                $39,990 respectively
            
            
            69,783
            
            
            75,458Intangible
                asset, net of accumulatedamortization
                of $85,673 and $51,863 respectively
            
            
            465,612
            
            
            526,422Other
                assets
            
            
            80,108
            
            
            66,668**TOTAL
                ASSETS**
            
            $
            1,543,334
            
            $
            2,610,275**LIABILITIES
                & STOCKHOLDERS' DEFICIENCY**Current
                LiabilitiesAccounts
                payable and other accrued expenses
            
            $
            214,065
            
            $
            570,412Deferred
                Revenue
            
            
            18,485
            
            
            0Notes
                payable
            
            
            41,185
            
            
            39,185Due
                to related parties
            
            
            12,696
            
            
            0Customer
                deposits
            
            
            157,249
            
            
            69,835Accrued
                interest
            
            
            603
            
            
            6,190Total
                Current Liabilities
            
            $
            444,284
            
            $
            685,622Long
                Term LiabilitiesConvertible
                debentures
            
            $
            2,406,602
            
            $
            3,430,205Derivative
                Instrument Liabilities - Convertible Notes
            
            
            5,079,621
            
            
            7,587,817Derivative
                Instrument Liabilities - Warrants
            
            
            28,000
            
            
            267,600Other
                Accrued Expenses
            
            
            652
            
            
            19,039Notes
                payable
            
            
            45,498
            
            
            66,604Total
                Long Term Liabilities
            
            $
            7,560,374
            
            $
            11,371,264**TOTAL
                LIABILITIES**
            
            $
            8,004,658
            
            $
            12,056,886COMMITMENTS
                AND CONTINGENCIES
            
            
            -
            
            
            -Series
                A 6% Cumulative Preferred stock, $.001 par value, 1,200
                sharesauthorized,
                issued and outstanding having a Redemption Value of $1,200,000.
            
            $
            1,171,657
            
            $
            1,171,657**STOCKHOLDERS'
                DEFICIENCY**Common
                stock, $.001 par value, 500,000,000 shares authorized431,316,915
                and 239,956,826 shares issued and outstanding,
                respectively
            
            $
            431,317
            
            $
            239,957Additional
                paid-in capital
            
            
            3,126,244
            
            
            2,069,061Deferred
                compensation
            
            
            94,492
            
            
            94,492Accumulated
                deficit
            
            
            (11,285,033
            )
            
            (13,021,777
            )**TOTAL
                STOCKHOLDERS' DEFICIENCY**
            
            
            ($7,632,981
            )
            
            ($10,618,267
            )**TOTAL
                LIABILITIES AND STOCKHOLDERS' DEFICIENCY**
            
            $
            1,543,334
            
            $
            2,610,275




See
      accompanying notes to condensed consolidated
      financial statements




1




**Clickable
          Enterprises, Inc. And Subsidiary**
 **Condensed
          Consolidated Statements Of Operations**
 **(Unaudited)**


Three
                Months Ended
            Six
                Months EndedSeptember
                30,
            September
                30,As
                restated (Note 7
            )
            
            
            
            
            As
                restated (Note 7
            )2006
            
            
            2005
            
            
            2006
            
            
            2005NET
                FUEL SALES (including related party sales
            
            $
            994,609
            
            $
            375,505
            
            $
            1,964,487
            
            $
            782,391of
                $19,799 and $9,382 respectively)COST
                OF SALES
            
            
            986,760
            
            
            352,447
            
            
            1,937,650
            
            
            743,159GROSS
                PROFIT
            
            $
            7,849
            
            $
            23,058
            
            $
            26,837
            
            $
            39,232OPERATING
                EXPENSESSelling,
                general and administrative
            
            $
            353,521
            
            $
            269,651
            
            $
            768,773
            
            $
            534,939Depreciation
                and amortization
            
            
            29,307
            
            
            20,088
            
            
            62,023
            
            
            30,588TOTAL
                OPERATING EXPENSES
            
            $
            382,828
            
            $
            289,739
            
            $
            830,795
            
            $
            565,528LOSS
                FROM OPERATIONS
            
            
            ($374,979
            )
            
            ($266,681
            )
            
            ($803,959
            )
            
            ($526,296
            )OTHER
                INCOME (EXPENSE)Derivative
                Instrument Income (Expense)
            
            $
            913,175
            
            $
            19,444,126
            
            $
            2,656,783
            
            
            ($2,079,026
            )Other
                income
            
            
            8,015
            
            
            13,810
            
            
            17,888
            
            
            16,984Interest
                expense
            
            
            (61,819
            )
            
            (67,394
            )
            
            (133,968
            )
            
            (117,852
            )TOTAL
                OTHER INCOME (EXPENSE)
            
            $
            859,370
            
            $
            19,390,542
            
            $
            2,540,703
            
            
            ($2,179,895
            )Income
                (Loss) before provision for income taxes
            
            $
            484,391
            
            $
            19,123,861
            
            $
            1,736,744
            
            
            ($2,706,190
            )Provision
                for income taxes
            
            
            -
            
            
            -
            
            
            -
            
            
            -Net
                Income (Loss)
            
            $
            484,391
            
            $
            19,123,861
            
            $
            1,736,744
            
            
            ($2,706,190
            )Net
                Income (Loss) available to common stockholders
            
            $
            484,391
            
            
            19,123,861
            
            $
            1,736,744
            
            $
            (2,706,190
            )Net
                Income (Loss) per share, basic and diluted
            
            $
            0.0013
            
            $
            0.2320
            
            $
            0.0052
            
            $
            (0.0344
            )Weighted
                average number of common sharesoutstanding
                - basic and diluted
            
            
            380,530,958
            
            
            82,438,783
            
            
            332,406,935
            
            
            78,696,061





See
      accompanying notes to condensed consolidated
      financial statements




2




**Clickable
      Enterprises, Inc. And Subsidiary**


**Condensed
      Consolidated Statement Of Cash Flows**


**(Unaudited)**


For
                The Six Months EndedSeptember
                30,As
                restated (Note 7
            )2006
            
            
            2005**CASH
                FLOWS FROM OPERATING ACTIVITIES:**Net
                Income (Loss)
            
            $
            1,736,744
            
            
            ($2,706,190
            )**Adjustments
                to reconcile net loss to net cash used in operating
                activities:**Depreciation
                and amortization
            
            
            62,023
            
            
            30,588Provision
                for bad debts
            
            
            35,352
            
            
            12,295Recognition
                of deferred compensation
            
            
            100,873
            
            
            0Derivative
                Instrument (Income) Expense
            
            
            (2,656,783
            )
            
            2,079,026**Changes
                in operating assets and liabilities:****(Increase)
                decrease in:**Accounts
                receivable
            
            
            257,050
            
            
            152,597Inventory
            
            
            (145,436
            )
            
            (19,944
            )Prepaid
                expenses
            
            
            (818
            )
            
            38,088Other
                assets
            
            
            3,668
            
            
            685**Increase
                (decrease) in:**Accounts
                payable and accrued expenses
            
            
            (347,734
            )
            
            (200,532
            )Deferred
                Revenue
            
            
            18,485
            
            
            0Accrued
                interest
            
            
            128,341
            
            
            117,377Customer
                deposits
            
            
            87,415
            
            
            66,399Net
                cash used in operating activities
            
            
            ($720,821
            )
            
            ($429,611
            )**CASH
                FLOWS FROM INVESTING ACTIVITIES:**Acquisition
                of property and equipment
            
            
            ($5,872
            )
            
            ($4,835
            )Acquisition
                of other current assets
            
            
            (17,108
            )
            
            (34,442
            )Acquisition
                of intangible assets
            
            
            0
            
            
            (223,775
            )Net
                cash used in investing activities
            
            
            ($22,980
            )
            
            ($263,052
            )**CASH
                FLOWS FROM FINANCING ACTIVITIES:**Payments
                of financing costs
            
            $
            0
            
            
            ($75,000
            )Increase
                (decrease) in Notes Payable
            
            
            (19,105
            )
            
            0Decrease
                (Increase) in due from related parties
            
            
            28,661
            
            
            (31,337
            )Proceeds
                from issuance of convertible debentures
            
            
            0
            
            
            606,667Net
                cash provided by (used in) financing activities
            
            $
            9,557
            
            $
            500,330**NET
                INCREASE (DECREASE) IN CASH**
            
            
            ($734,245
            )
            
            ($192,333
            )**CASH
                AT BEGINNING OF PERIOD**
            
            
            1,001,903
            
            
            372,909**CASH
                AT END OF PERIOD**
            
            $
            267,658
            
            $
            180,576





See
      accompanying notes to condensed consolidated
      financial statements




3




**Clickable
      Enterprises, Inc. And Subsidiary**


**Condensed
      Consolidated Statement Of Cash Flows**


**(Unaudited)**




SUPPLEMENTAL
      DISCLOSURE OF CASH FLOW INFORMATION:




Income
      taxes paid for the six months ended September 30, 2006 and September 30, 2005
      were $0 and $0, respectively.  Interest
      paid for the six months ended September 30, 2006 and September 30, 2005 were
      $139,555 and $245,763 respectively.





NON-CASH
      INVESTING AND FINANCING ACTIVITIES:





During
      the six months ended September 30, 2006, convertible debentures in the principal
      amount of $1,114,615 and  associated
      accrued interest in the amount of $133,928 were converted into 191,360,089
      shares of common stock at the election of the  holders.




See
      accompanying notes to condensed consolidated
      financial statements


4
 
 **Clickable
          Enterprises, Inc. And Subsidiary**
 **Condensed
          Consolidated Statement Of Changes In**
 **Stockholders’
          Deficiency**
 **For
          The Six Months Ended September 30, 2006**
 **(Unaudited)**


**Common
                Stock**
            
            
            **Additional**
            
            
            **Accumulated**
            
            
            **Deferred
                Equity****Shares**
            
            
            **Amount**
            
            
            **Paid
                in Capital**
            
            
            **Deficit**
            
            
            **Compensation**
            
            
            **Total**Balance,
                April 1, 2006
            
            
            239,956,826
            
            $
            239,957
            
            $
            2,069,061
            
            
            ($13,021,777
            )
            $
            94,492
            
            
            ($10,618,267
            )Conversion
                of Debentures and accrued interest
            
            
            191,360,089
            
            
            191,360
            
            
            1,057,183
            
            
            
            
            
            
            
            $
            1,248,543Net
                gain for the period
            
            
            
            
            
            
            
            
            
            
            
            1,736,744
            
            
            
            
            $
            1,736,744Balance,
                September 30, 2006
            
            
            431,316,915
            
            $
            431,317
            
            $
            3,126,244
            
            
            ($11,285,033
            )
            $
            94,492
            
            
            ($7,632,981
            )





See
      accompanying notes to condensed consolidated
      financial statements




5


**Clickable
        Enterprises, Inc. And Subsidiary**
 **Notes
        To Condensed Consolidated Financial Statements**
 **As
        Of September 30, 2006**
 **(Unaudited)**


**NOTE
      1.**  **SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION**





**(A)
      Organization and Recent Company History**





Clickable
      Enterprises, Inc., through its wholly-owned subsidiary ClickableOil.com, Inc.
      ("ClickableOil.com") (incorporated in the State of Delaware on April 4, 2000),
      provides a low cost and highly efficient means of servicing the heating oil
      market through an Internet-based approach. Clickable Enterprises, Inc. and
      ClickableOil.com, Inc. (collectively, the "Company") streamline the process
      of
      heating oil ordering and delivering through providing a more accessible point
      of
      contact for the customer. The Company subcontracts with local delivery companies
      to deliver heating oil to its customers.





**(B)
      Principles of Consolidation**





The
      condensed consolidated financial statements include the accounts of Clickable
      Enterprises, Inc. and its wholly-owned subsidiary ClickableOil.com, Inc.
      (collectively, the "Company").





**(C)
      Use of Estimates**





In
      preparing condensed consolidated financial statements in conformity with
      accounting principles generally accepted in the United States, management is
      required to make estimates and assumptions that affect the reported amounts
      of
      assets and liabilities and the disclosure of contingent assets and liabilities
      at the date of the condensed consolidated financial statements and revenues
      and
      expenses during the reported period. Actual results could differ from those
      estimates.





**(D)
      Loss Per Share**





Basic
      and
      diluted net income (loss) per common share for the six months ended September
      30, 2006 and 2005 are computed based upon the weighted-average number of common
      shares outstanding. The assumed conversion of common stock equivalents was
      not
      included in the computation of diluted loss per share because the assumed
      conversion and exercise would be anti-dilutive due to net losses incurred in
      all
      periods presented. Based on the closing market price of the Company’s common
      stock on September 30, 2006 and 2005, the conversion of its convertible
      debentures and Series A convertible preferred stock would have resulted in
      the
      issuance of additional common shares in the amount of 907,192,442 and
      255,116,377 respectively. Additionally, 17.000,000 and 10,500,000 stock purchase
      warrants were exercisable at September 30, 2006 and September 30, 2005,
      respectively, and also were not included in the weighted-average number of
      common shares outstanding.




**(E)
      Interim Condensed Consolidated Financial Statements**





The
      condensed consolidated financial statements as of and for the six months ended
      September 30, 2006 and 2005 are unaudited. In the opinion of management, such
      condensed consolidated financial statements include all adjustments (consisting
      only of normal recurring accruals) necessary for the fair presentation of the
      consolidated financial position and the consolidated results of operations.
      The
      consolidated results of operations for the six months ended September 30, 2006
      and 2005 are not necessarily indicative of the results to be expected for the
      full year. The consolidated balance sheet information as of March 31, 2006
      was
      derived from the audited consolidated financial statements included in the
      Company's annual report Form 10-KSB for the year ended March 31, 2006. The
      interim condensed consolidated financial statements should be read in
      conjunction with that report.





**NOTE
      2.**  **RELATED
      PARTY TRANSACTIONS,**





During
      the six months ended September 30, 2006, the Company's due from (due to) related
      parties for oil purchases and interest bearing cash advances to/from NRG Heat
      & Power, LLC (“NRG”) and Flaw, Inc. (“Flaw”), oil suppliers that are owned
      and managed by Messrs. Cirillo and Pipolo, officers of the Company, changed
      by
      $28,661, with a balance of $12,696 included in due to related parties in current
      liabilities on September 30, 2006 compared to a balance of $15,965 included
      in
      due from related parties in current assets on March 31, 2006. As of September
      30, 2006, accrued interest due to/from related parties was $0.





During
      the six months ended September 30, 2006 and 2005, the Company purchased oil
      for
      resale from NRG and Flaw in the amount of $281,669 and $64,176, respectively,
      or
      17.0% and 9.5%, respectively, of total heating oil purchased, and had fuel
      sales
      to NRG and Flaw in the amount of $19,799 and $9,382, respectively.





6


**Clickable
        Enterprises, Inc. And Subsidiary**
 **Notes
        To Condensed Consolidated Financial Statements**
 **As
        Of September 30, 2006**
 **(Unaudited)**


**NOTE
      3.**  **CONVERTIBLE
      DEBENTURES**





The
      Company has issued secured convertible debentures, and issued stock purchase
      warrants, in connection with a number of financing transactions. Each of these
      issuances contain a conversion feature which results in a formula calculation
      and issuing varying amount of shares upon conversion, as such, the conversion
      features are required to be accounted for as embedded derivative liabilities
      in
      accordance with EITF 00-19, Accounting for Derivative Financial Instruments
      Indexed to and Potentially Settled in a Company’s Own Stock and SFAS 133,
      Accounting for Derivative Instruments and Hedging Activities





During
      the six months ended September 30, 2006, $128,341 has been charged to interest
      expense.





As
      of
      September 30, 2006, the balance of accrued interest on all of the convertible
      debentures is $603 which is included in current liabilities.





During
      the six months ended September 30, 2006, convertible debentures in the principal
      amount of $1,114,615 and associated accrued interest in the amount of $133,928
      were converted into 191,360,089 shares of common stock at the election of the
      holders.





**NOTE
      4** **DERIVATIVE
      FINANCIAL INSTRUMENT LIABILITIES**





We
      use
      the Black-Scholes option pricing model to value options and warrants, and the
      embedded conversion option components of any bifurcated embedded derivative
      instruments that are recorded as derivative liabilities In valuing the options
      in warrants and the embedded conversion option components of the bifurcated
      embedded derivative instruments, at the time they were issued and at September
      30, 2006, we used the market price of our common stock on the date of valuation,
      an expected dividend yield of 0% and the remaining period to the expiration
      date
      of the options or warrants or repayment date of the convertible debt instrument.
      All options, warrants and conversion options can be exercised by the holder
      at
      any time.





Because
      of the limited historical trading period of our common stock, the expected
      volatility of our common stock over the remaining life of the options and
      warrants has been estimated at 102% based on a review of the historical
      volatility. The risk-free rates of return used ranged from 4.59% to 4.91% based
      on constant maturity rates published by the U.S. Federal Reserve, applicable
      to
      the remaining life of the options or warrants.




At
      September 30, 2006, the following derivative liabilities related to common
      stock
      options and warrants and embedded derivative instruments were
      outstanding.





Issue
                Date
            Expiry
                Date
            No.
                of Warrants
            Issued
                To
            Exercise
                Price per Share
            Value
                Issue Date
            Value
                at September 30, 20066/6/2003
            6/5/2008
            1,500,000
            AJW
                Partners
            Various
            $0
            $1,20011/3/2003
            11/3/2008
            1,500,000
            AJW
                Partners
            Various
            0
            1,8001/16/2004
            1/16/2009
            1,000,000
            AJW
                Partners
            Various
            0
            1,4006/30/2005
            6/30/2010
            6,500,000
            AJW
                Partners
            Various
            585,000
            9,75011/14/2005
            11/14/2010
            2,500,000
            AJW
                Partners
            Various
            69,982
            4,2503/21/2006
            3/21/2011
            4,000,000
            AJW
                Partners
            Various
            76,000
            9,600Fair
                value of derivative instrument liabilities for warrants
            $730,982
            $28,000




7


**Clickable
        Enterprises, Inc. And Subsidiary**
 **Notes
        To Condensed Consolidated Financial Statements**
 **As
        Of September 30, 2006**
 **(Unaudited)**




Issue
                Date
            Due
                Date
            Original
                Note Amount
            Instrument
            Exercise
                Price per Share
            Value-Issue
                Date
            Value
                September 30, 20063/31/2003
            10/15/2007
            1,717,949
            Convertible
                Notes
            Various
            $3,435,898
            $155,7036/6/2003
            10/15/2007
            300,000
            Convertible
                Notes
            Various
            $600,000
            413,19911/3/2003
            10/15/2007
            300,000
            Convertible
                Notes
            Various
            600,000
            413,1991/16/2004
            10/15/2007
            200,000
            Convertible
                Notes
            Various
            400,000
            275,4666/30/2005
            6/30/2008
            650,000
            Convertible
                Notes
            Various
            1,598,361
            761,59711/14/2005
            11/14/2008
            250,000
            Convertible
                Notes
            Various
            489,510
            310,8563/21/2006
            3/21/2009
            1,000,000
            Convertible
                Notes
            Various
            2,083,333
            1,291,24810/15/2004
            10/15/2007
            1,200,000
            Convertible
                Preferred Stock
            Various
            1,411,765
            1,458,351Fair
                value of bifurcated embedded derivative instrument
                liabilities
            $10,618,867
            $5,079,621Total
                derivative financial instruments
            
            $11,349,849
            $5,107,621




**NOTE
      5.**  **COMMITMENTS
      AND CONTINGENCIES**





(A)
      Sales
      Commitments





At
      September 30, 2006, the Company has an aggregate obligation to deliver at
      varying prices approximately 224,000 gallons of heating oil to customers under
      fixed price contracts.





(B)
      Purchase Commitments





At
      September 30, 2006, the Company has an aggregate obligation to purchase
      approximately 219,000 gallons of heating oil at varying prices under fixed
      price
      contracts.





**NOTE
      6.** **GOING
      CONCERN**





The
      accompanying consolidated financial statements have been prepared on a going
      concern basis, which contemplates the realization of assets and the settlement
      of liabilities and commitments in the normal course of business.




As
      reflected in the accompanying consolidated financial statements, the Company
      had
      a net income of $1,736,744 and a negative cash flow from operations of $720,821
      for the six months ended September 30, 2006, as well a stockholders' deficiency
      of $7,632,981 at September 30, 2006. The ability of the Company to continue
      as a
      going concern is dependent on the Company's ability to raise additional capital
      through private or public transactions and implement its business plan. The
      accompanying consolidated financial statements do not include any adjustments
      that might be necessary if the Company is unable to continue as a going concern.
      Management's business plan includes increasing revenues by the addition of
      customers through marketing and advertising as well as acquisitions of
      competitors’ businesses. ****




**NOTE
      7** **** **FINANCIAL
      STATEMENTS RESTATEMENT**




In
      accordance with a Securities & Exchange directive, dated December 1, 2005,
      issuers should follow the directive of EITF 00-19, Accounting for Derivative
      Financial Instruments Indexed to and Potentially Settled in, A Company’s Own
      Stock and also refer to FASB 133, Accounting for Derivative Instruments and
      Hedging Activities. In accordance with these pronouncements, the Company has
      restated its financial statements retroactively at and for the six months ended
      September 30, 2005.





8
 
 **Clickable
          Enterprises, Inc. And Subsidiary**
 **Notes
          To Condensed Consolidated Financial Statements**
 **As
          Of September 30, 2006**
 **(Unaudited)**
 The
        following are the restatements:





**Consolidated
      Statement of Operations for the Three Months Ended September 30,
      2005**




Other
                Income (Expense)
              
              
              As
                  Restated
              
              
              As
                  Previously
                ReportedInterest
                  Expense
              
              $
              (67,394
              )
              $
              (119,340
              )Derivative
                  Instrument Income (Expense)
              
              
              19,444,126
              
              
              -
                  0 -Total
                  Other Income (Expense)
              
              
              19,390,542
              
              
              (105,530
              )Income
                  (Loss) before Provision for Income Taxes
              
              
              19,123,861
              
              
              (372,211
              )Net
                  Loss
              
              
              19,123,861
              
              
              (372,211
              )Net
                  Loss Available to Common Stockholders
              
              
              19,123,861
              
              
              (389,858
              )Net
                  Income (Loss) per Share, Basic and Diluted
              
              
              .2320
              
              
              (0.0047
              )




**Consolidated
      Statement of Operations for the Six Months Ended September 30,
      2005**


Other
                  Income (Expense)
              
              
              As
                  Restated
              
              
              As
                  Previously ReportedInterest
                  Expense
              
              $
              (117,852
              )
              $
              (169,314
              )Derivative
                  Instrument Expense
              
              
              (2,079,026
              )
              
              -
                  0 -Total
                  Other Income (Expense)
              
              
              (2,179,895
              )
              
              (152,330
              )Loss
                  Before Provision for Income Taxes
              
              
              (2,706,190
              )
              
              (678,626
              )Net
                  Loss
              
              
              (2,706,190
              )
              
              (678,626
              )Net
                  Loss Available to Common Stockholders
              
              
              (2,706,190
              )
              
              (713,920
              )Net
                  Loss Per Share, Basic and Diluted
              
              
              (0.0344
              )
              
              (0.0091
              )


**Statement
      of Cash Flows for the Six Months Ended September 30, 2005**


As
                  Restated
              
              
              As
                  Previously
                ReportedNet
                  Loss
              
              $
              (2,706,190
              )
              $
              (678,626
              )Amortization
                  of beneficial conversion debt discount
              
              
              -0-
              
              
              54,167Accrued
                  Interest
              
              
              117,377
              
              
              114,672Derivative
                  Instrument Expense
              
              
              2,079,026
              
              
              -0-




9




**Item
      2.**  **Management's
      Discussion And Analysis Or Plan Of Operation**





The
      following is management's discussion and analysis of certain significant factors
      that will or have affected our financial condition and results of operations.
      Certain statements under this section may constitute "forward-looking
      statements". The following discussion should be read in conjunction with the
      audited financial statements and notes thereto included in the Company's Form
      10-KSB for the year ended March 31, 2006.





**FINANCIAL
      CONDITION**





We
      had a
      net income of $1,736,744 and a net loss of $2,706,190 during the six months
      ended September 30, 2006 and 2005, respectively. As of September 30, 2006,
      we
      had a cash balance of $267,658 and current liabilities of $444,284 with
      obligations aggregating $214,065 for trade creditors and accrued expenses,
      $603
      in interest payable, $41,185 in a note payable, as well as total long-term
      obligations in the amount of $2,824,001 to convertible debenture holders and
      others. [We believe that our available cash will be sufficient for the next
      twelve-month period to meet our working capital needs, including funds needed
      to
      (a) attract additional customers through marketing and promotional efforts
      or
      (b) acquire customer lists.]





Our
      independent auditors have added an explanatory paragraph to their audit opinions
      issued in connection with our consolidated financial statements for the fiscal
      years 2006 and 2005, which states that our ability to continue as a going
      concern depends upon our ability to resolve liquidity problems, principally
      by
      obtaining capital, increasing sales and generating sufficient revenues to become
      profitable. Our ability to obtain additional funding, as well as attracting
      additional customers as described above, will determine our ability to continue
      as a going concern. Our financial statements do not include any adjustments
      that
      might result from the outcome of this uncertainty.





**RELATED
      PARTY TRANSACTIONS**





During
      the six months ended September 30, 2006, the Company's due from (due to) related
      parties for oil purchases and interest bearing cash advances to/from NRG Heat
      & Power, LLC (“NRG”) and Flaw, Inc. (“Flaw”), oil suppliers that are owned
      and managed by Messrs. Cirillo and Pipolo, officers of the Company, changed
      by
      $28,661, with a balance of $12,696 included in due to related parties in current
      liabilities on September 30, 2006 compared to a balance of $15,965 included
      in
      due from related parties in current assets on March 31, 2006. As of September
      30, 2006, accrued interest due to/from related parties was $0.





During
      the six months ended September 30, 2006 and 2005, the Company purchased oil
      for
      resale from NRG and Flaw in the amount of $281,669 and $64,176, respectively,
      or
      17.0% and 9.5%, respectively, of total heating oil purchased, and had fuel
      sales
      to NRG and Flaw in the amount of $19,799 and $9,382, respectively.




**COMPARISON
      OF THE SIX MONTHS ENDED SEPTEMBER 30, 2006 TO THE SIX MONTHS ENDED SEPTEMBER
      30,
      2005**





**Overall
      Results Of Operations**





For
      the
      six months ended September 30, 2006, we realized a net income of $1,736,744,
      an
      increase of $4,442,934 from the net loss of $2,706,190 for the comparable prior
      year period. These results included non-cash income (expense) of $2,656,783
      and
      ($2,079,026), respectively, for derivative instrument income (expense), and
      non-cash charges of $100,873 and $0, respectively, for amortization of stock
      issued to consultants as deferred compensation. This net gain is primarily
      attributable to the non-cash income (expense) derived from the valuation of
      the
      derivative instruments offset by an increase in selling, general and
      administrative expenses and the increase in non-cash charges.





**Sales**





Total
      net
      sales for the six months ended September 30, 2006 were $1,964,487 compared
      to
      $782,391 for the six months ended September 30, 2005. The increase of
      $1,182,096, or 151.1%, can be attributed to a substantial increase in the
      average selling price per gallon of heating oil to $2.28 from $1.98, or 15.3%,
      caused by world market conditions, and a 117.8% increase in gallons sold in
      the
      current period compared to the earlier period. The increase in gallons sold
      is
      attributable to a larger customer base that increased through acquisitions
      of
      other businesses, principally customer lists, that closed in the preceding
      fiscal years, as well as through marketing activities.





10


**Gross
      Profit**





Gross
      profit decreased to $26,837 for the six months ended September 30, 2006 compared
      to $39,232 for the six months ended September 30, 2005, or $12,395, with gross
      margin decreasing to 1.4% from 5.0% for the period. The decrease was
      attributable to an increase in trucking and other transportation costs. Margins
      are lower than historical levels and are principally due to the continued
      increase in product costs caused by world market conditions and rising
      transportation expenses. Heating oil retailers generally cannot raise selling
      prices as quickly as product costs increase in a rising market; conversely,
      selling prices generally do not fall as quickly as product costs decrease in
      a
      falling market. In the recent trend toward high prices that has occurred for
      the
      past eighteen months, fewer customers elected fixed price contracts. Such
      contracts allow the related purchase requirements to be hedged and, therefore,
      typically generate greater gross margins than selling and purchasing on the
      spot
      market allow. As prices decrease to more traditional levels, or stabilize,
      it is
      anticipated that customers will generally elect fixed price contracts in greater
      proportions.





**Operating
      Expenses**





Total
      operating expenses increased to $830,795 for the six months ended September
      30,
      2006, from $565,528 for the six months ended September 30, 2005, or $265,267,
      primarily attributable to increased employee compensation of $71,991, increased
      insurance of $27,468, increase in bad debt of $23,057, increased professional
      fees of $28,784, an increase of $31,434 in amortization costs and increase
      in
      advertising of $33,294.





**Other
      Income (Expense)**





Non-cash
      income from the valuation of the derivative instruments in the amount of
      $2,656,783 was recognized for the six months ended September 30, 2006 as
      compared to an expense of $2,079,026 for the six months ended September 30,
      2005.





**Seasonality**





Profitability
      is negatively affected by the seasonality of our business whereby the first
      two
      quarters of our fiscal year are traditionally the slowest quarters for
      deliveries of fuel oil due to warmer weather conditions in our market, the
      northeastern United States. Demand increases substantially in the third quarter
      and peaks in the fourth quarter of each fiscal year.





**Off-Balance
      Sheet Arrangements**





The
      Company has no off-balance sheet arrangements that have or are reasonably likely
      to have a current or future effect on the Company’s financial condition, changes
      in financial condition, revenue or expenses, results of operations, liquidity,
      capital expenditures or capital resources that is material to investors, and
      the
      Company does not have any non-consolidated special purpose
      entities.





**LIQUIDITY
      AND CAPITAL RESOURCES**





As
      of
      September 30, 2006, we had a cash balance of $267,658 and a negative cash flow
      from operations of $720,821 for the six month period then ended. Since inception
      through the period ended September 30, 2006, we have financed our operations
      through private placements of both debt and equity, as well as loans from
      related parties. Most recently, on March 21, 2006, the Company entered in a
      Securities Purchase Agreement for the sale of $1,000,000 of three-year secured
      convertible debentures and closed on the sale of convertible debentures of
      that
      amount, before expenses, on March 22, 2006. We believe that our cash balance
      at
      September 30, 2006 will be sufficient for the next twelve-month period to meet
      our working capital needs, including funds needed to (a) attract additional
      customers through marketing and promotional efforts or (b) acquire customer
      lists.





The
      holders of Series A Preferred Stock are entitled to receive cumulative cash
      dividends of six percent (6%) per annum, payable in arrears on March 31,
      September 30, September 30 and December 31 of each year, commencing December
      31,
      2004, out of funds legally available thereof. As of September 30, 2006, dividend
      arrearage on the Series A Preferred Stock aggregated approximately $141,041.
      The
      Company had a stockholders’ deficiency of $7,632,981 at September 30, 2006;
      accordingly it did not have legally available funds available to declare and
      pay
      a dividend. Other provisions relating to the Series A Preferred Stock include:





The
      notes
      to our condensed consolidated financial statements as of September 30, 2006
      contain footnote disclosure regarding an uncertainty with respect to our ability
      to continue as a going concern. We have not generated sufficient revenues to
      cover our expenses, and we have an accumulated deficit of $11,285,033. However,
      we believe that by concentrating on our core business of selling home heating
      oil, as well as by continuing to seek acquisitions of profitable businesses
      and
      the addition of customers through marketing and promotional efforts and
      reserving a portion of the proceeds of the recent sale of convertible
      debentures, we will generate sufficient revenues and liquidity for the Company
      to operate for the next twelve months. However, as of September 30, 2006, we
      had
      $444,284 of current liabilities and there can be no assurances that the Company
      will be successful in developing its business and achieving a profitable level
      of operations sufficient to meet its ongoing cash needs.





11




The
      Company has total liabilities and contractual obligations of $3,268,285 as
      of
      September 30, 2006. These contractual obligations, along with the dates on
      which
      such payments are due, are described below:







**Contractual
                Obligations**
              **(as
                of September 30, 2006)****Total**
            
            
            **1
                Year or Less**
            
            
            **More
                Than 1 Year**Convertible
                Debentures
            
            $
            2,777,851
            
            $
            --
            
            $
            2,777,851Accounts
                Payable and AccruedExpenses
            
            
            214,717
            
            
            214,065
            
            
            652Note
                Payable**(a)**
            
            
            86,683
            
            
            41,185
            
            
            45,498Accrued
                Interest
            
            
            603
            
            
            603
            
            
            --Other
            
            
            188,431
            
            
            188,431
            
            
            --**Total
                Contractual Obligations**
            
            
            **3,268,285**
            
            **$**
            **444,284**
            
            **$**
            **2,824,001**




The
        Company’s failure to develop its business and achieve a sufficiently profitable
        level of operations will likely have a material, adverse effect on the Company’s
        business, results of operations and financial condition and the Company’s
        ability to continue as a going concern. As a consequence of such failure,
        we may
        be forced to seek protection under the bankruptcy laws. In that event, it
        is
        unclear whether we could successfully reorganize our capital structure and
        operations, or whether we could realize sufficient value for our assets to
        satisfy our creditors in full. Accordingly, should we be forced to file for
        bankruptcy protection, there is no assurance that our stockholders would
        receive
        any value.





Below
      is
      a discussion of our sources and uses of funds for the six months ended September
      30, 2006 and 2005.





**Net
      Cash Used In Operating Activities**





Net
      cash
      used in operating activities was $720,821 and $429,611 in the six months ended
      September 30, 2006 and 2005, respectively. The use of cash in operating
      activities for the six months ended September 30, 2006 was principally the
      result of a net income of $1,736,744 reduced by non-cash income of $2,656,783
      and seasonable decreases in accounts payable of $347,734. This was partially
      offset by a seasonable decrease in accounts receivable of $257,050, non-cash
      charges of $198,248 and an increase in accrued interest of $128,341. The use
      of
      cash in operating activities for the six months ended September 30, 2005 was
      principally the result of a net loss of $2,706,190 and the seasonable decrease
      in accounts payable of $200,532, offset by seasonable decrease in accounts
      receivable of $152,597, an increase in accrued interest of $117,377, non-cash
      expenses of $42,883 and non-cash derivative instrument expense of
      $2,079,026.





**Net
      Cash Used In Investing Activities**





We
      used
      $17,108 during the six months ended September 30, 2006 for the acquisition
      of
      other assets and $5,872 and $4,835 during the six months ended September 30,
      2006 and 2005, respectively, for the acquisition of property and equipment.





**Net
      Cash Provided By Financing Activities**





Net
      cash
      provided by financing activities for the six months ended September 30, 2006
      amounted to $9,557, attributable to a decrease in an acquisition-related note
      payable and a decrease in due from related parties. Net cash provided by
      financing activities for the six months ended September 30, 2005 was $500,330,
      principally from the proceeds from the issuance of $650,000 of convertible
      debentures (net of prepaid interest withheld), offset by transaction costs
      of
      $75,000.





12




**RISK
      FACTORS**




*RISKS
      RELATED TO OUR BUSINESS:*




*WE
      HAVE HAD LOSSES SINCE OUR INCEPTION. WE EXPECT LOSSES TO CONTINUE IN THE FUTURE
      AND THERE IS A RISK WE MAY NEVER BECOME PROFITABLE.*





For
      the
      six months ended September 30, 2006 and 2005, we had a net income (loss) of
      $1,736,744 and ($2,706,190), respectively. For the fiscal years ended March
      31,
      2006 and 2005, we had net losses of $4,514,894 and $3,281,898, respectively.
      We
      expect to continue to incur significant operating losses until such time as
      the
      volume of heating oil sold increases and/or we add ancillary products or product
      lines to our business.





*OUR
      INDEPENDENT AUDITORS HAVE EXPRESSED DOUBT ABOUT OUR ABILITY TO CONTINUE AS
      A
      GOING CONCERN, WHICH MAY HINDER OUR ABILITY TO OBTAIN FUTURE FINANCING.*





In
      their
      report dated August 16, 2007 on our consolidated financial statements for the
      fiscal year ended March 31, 2006, our independent auditors have expressed doubt
      about our ability to continue as a going concern. Our ability to continue as
      a
      going concern is a result of recurring losses from operations, a stockholders'
      deficit, and requirement for a significant amount of capital financing to
      proceed with our business plan. Our ability to continue as a going concern
      is
      subject to our ability to generate a profit and/or obtain necessary funding
      from
      outside sources, including obtaining additional funding from the sale of our
      securities, increasing sales or obtaining loans where possible. The going
      concern qualification in the auditor's report increases the difficulty in
      meeting such goals and there can be no assurances that such methods will prove
      successful.





*OUR
      OPERATIONS ARE HAZARDOUS AND COULD EXPOSE US TO THE RISK OF MATERIAL
      LIABILITIES, LOST REVENUES OR INCREASED EXPENSES.*





There
      are
      risks associated with the handling of oil, such as operational hazards and
      unforeseen interruptions caused by events beyond our control. These include
      accidents, the breakdown or failure of equipment or processes, and catastrophic
      events. Liabilities incurred and interruptions in operations caused by the
      handling of oil, have the potential to materially impact our consolidated
      results of operations, financial position and liquidity.





*OUR
      OPERATIONS ARE HAZARDOUS AND COULD EXPOSE US TO THE RISK OF ENVIRONMENTAL
      LIABILITIES.*





There
      are
      environmental risks associated with the risks in the handling of oil mentioned
      above, which include injury or loss of life and extensive property or
      environmental damage. In addition, the general handling of oil has the potential
      for serious impact on human health and the environment.




*WE
      MAY HAVE TO CURTAIL OUR BUSINESS IF WE CANNOT FIND ADEQUATE FUNDING.*





While
      we
      are negotiating with the holders of our convertible debentures for additional
      financing, we currently have no legally binding commitments with any third
      parties to obtain any amount of additional equity or debt financing. Our
      principal stockholders have limited financial resources and may not be able
      to
      continue to lend funds to us. We may not be able to obtain any additional
      financing in the amounts or at the times that we may require the financing
      or,
      if we do obtain any financing, that it would be on acceptable terms because
      of
      the following:





·
            we
                have no additional assets to pledge as security for a loan;
                and




·
            we
                may be viewed as a high market
                risk.





As
      a
      result, we may not have adequate capital to implement future expansions, to
      maintain our current levels of operation or to pursue strategic acquisitions.
      Our failure to obtain sufficient additional financing could result in the delay
      or abandonment of some or all of our expansion and expenditures, which could
      harm our business and the value of our common stock.





*OUR
      BUSINESS OPERATIONS WILL BE HARMED IF WE ARE UNABLE TO OBTAIN ADDITIONAL
      FUNDING.*





Although
      we closed on $1,000,000 of convertible debentures on March 22, 2006, our
      business operations will be harmed if we are unable to obtain additional funding
      from related parties or from other investors or lenders. We do not know if
      additional financing will be available when needed, or if it is available,
      if it
      will be available on acceptable terms. Insufficient funds may prevent us from
      implementing our business strategy or may require us to delay, scale back or
      eliminate certain business opportunities for our product and services.





13




*RISKS
      RELATING TO OUR CURRENT FINANCING AGREEMENTS:*





*POSSIBILITY
      OF ANOTHER DEFAULT ON OUR CONVERTIBLE DEBENTURES*





Prior
      to
      a restructuring on October 15, 2004, convertible debentures issued in 2001,
      2002
      and September 2003 aggregating $2,517,949 had matured and were in
      default. **** There
      can
      be no assurance that we will be successful in generating the cash flow or
      raising the funds necessary to retire these debentures now with maturity dates
      of October 14, 2007 and the additional debentures issued during the fiscal
      year
      ended March 31, 2006 **** with
      a
      maturity dates of September 30, 2008 and March 22, 2009. The debentures are
      collateralized by all of our assets and, in the event we are unable to repay
      or
      restructure these debentures, there is no assurance that the holders of the
      debentures will not institute legal proceedings to recover the amounts owed
      including foreclosure on our assets.





*THERE
      ARE A LARGE NUMBER OF SHARES UNDERLYING OUR CONVERTIBLE DEBENTURES, CONVERTIBLE
      PREFERRED STOCK AND WARRANTS THAT MAY BE AVAILABLE FOR FUTURE SALE AND THE
      SALE
      OF THESE SHARES MAY DEPRESS THE MARKET PRICE OF OUR COMMON STOCK.*





As
      of
      November 29, 2006, we had 481,194,033 shares of common stock issued and
      outstanding, outstanding convertible debentures and shares of convertible
      preferred stock that may be converted into an estimated 2,111,377,791 shares
      of
      common stock at current market prices, and outstanding warrants to purchase
      up
      to 17,000,000 shares of common stock. In addition, the number of shares of
      common stock issuable upon conversion of the outstanding convertible debentures
      may increase if the market price of our stock declines. The sale of these shares
      may adversely affect the market price of our common stock.





*THE
      CONTINUOUSLY ADJUSTABLE CONVERSION PRICE FEATURE OF OUR CONVERTIBLE DEBENTURES
      COULD REQUIRE US TO ISSUE A SUBSTANTIALLY GREATER NUMBER OF SHARES TO THE
      SELLING STOCKHOLDERS, WHICH WILL CAUSE DILUTION TO OUR EXISTING STOCKHOLDERS.*





Our
      obligation to issue shares upon conversion of our convertible securities is
      essentially limitless.





The
      following is an example of the number of shares of our common stock that is
      potentially issuable to the holders of our convertible debentures and
      convertible preferred stock, upon conversion of such securities and their
      subsequent exercise of warrants, based on market prices 25%, 50% and 75% below
      our current market price of $.028 per share:





**Percentage
                Below Market**
            **Price
                Per Share**
            **Number
                of Shares Issuable**
            **Percentage
                of Outstanding Shares**25%
            $  0.0023
            2,832,170,388
            85%50%
            $  0.0015
            4,239,755,582
            90%75%
            $  0.0008
            8,462,511,163
            95%








The
      issuance of shares upon conversion of the convertible debentures and convertible
      preferred stock and exercise of warrants may result in substantial dilution
      to
      the interests of other stockholders since the holders of such securities may
      ultimately convert and sell the full amount issuable on conversion. Although
      the
      holders of our convertible debentures, convertible preferred stock and warrants
      may not convert and/or exercise such securities if such conversion or exercise
      would cause them to own more than 4.99% of our outstanding common stock, this
      restriction does not prevent them from converting and/or exercising some of
      their holdings and then converting the rest of their holdings. In this way,
      the
      holders of our convertible debentures, convertible preferred stock and warrants
      could sell more than this limit while never holding more than this limit. There
      is no upper limit on the number of shares that may be issued which will have
      the
      effect of further diluting the proportionate equity interest and voting power
      of
      all holders of our common stock.





*IF
      WE
      ARE REQUIRED FOR ANY REASON TO REPAY OUR OUTSTANDING CONVERTIBLE DEBENTURES,
      WE
      WOULD BE REQUIRED TO DEPLETE OUR WORKING CAPITAL, IF AVAILABLE, OR RAISE
      ADDITIONAL FUNDS. OUR FAILURE TO REPAY THE CONVERTIBLE DEBENTURES, IF REQUIRED,
      COULD RESULT IN LEGAL ACTION AGAINST US, WHICH COULD REQUIRE THE SALE OF
      SUBSTANTIAL ASSETS.*





We
      entered into Securities Purchase Agreements for the sale of an aggregate of
      $2,700,000 of convertible debentures in fiscal years 2004, 2005 and 2006 and
      assumed $1,717,949 of convertible debentures in the merger and recapitalization
      transaction with ClickableOil.com, Inc. that, less an aggregate reduction of
      $1,640,098 through September 30, 2006 due to conversions into shares of our
      common stock, are due and payable, with interest, on dates ranging from October
      15, 2007 through March 22, 2009. Unless sooner converted into shares of our
      common stock, we are required to repay the convertible debentures. To do so,
      we
      would be required to use our working capital, if any at that time, and/or raise
      additional funds. If we were unable to repay the debentures when required,
      the
      debenture holders could commence legal action against us to recover the amounts
      due. Any such action may require us to curtail or cease operations.





14




*RISKS
      RELATING TO OUR COMMON STOCK:*





*OUR
      BOARD OF DIRECTORS CAN ISSUE PREFERRED STOCK WITHOUT STOCKHOLDER CONSENT AND
      DILUTE OR OTHERWISE SIGNIFICANTLY AFFECT THE RIGHTS OF EXISTING STOCKHOLDERS.*





Our
      certificate of incorporation provides that preferred stock may be issued from
      time to time in one or more series. Our Board of Directors is authorized to
      determine the rights, preferences, privileges and restrictions granted to and
      imposed upon any unissued series of preferred stock and the designation of
      any
      such shares, without any vote or action by our stockholders. The Board of
      Directors may authorize and issue preferred stock with voting power or other
      rights that could adversely affect the voting power or other rights of the
      holders of common stock. In addition, the issuance of preferred stock could
      have
      the effect of delaying, deferring or preventing a change in control, because
      the
      terms of preferred stock that might be issued could potentially prohibit the
      consummation of any merger, reorganization, sale of substantially all of our
      assets, liquidation or other extraordinary corporate transaction without the
      approval of the holders of the outstanding shares of the preferred stock.





*THE
      PRICE OF OUR COMMON STOCK MAY BE AFFECTED BY A LIMITED TRADING VOLUME AND MAY
      FLUCTUATE SIGNIFICANTLY.*





There
      is
      a limited public market for our common stock and there can be no assurance
      that
      an active trading market will develop. An absence of an active trading market
      could adversely affect our stockholders' ability to sell our common stock in
      short time periods, or possibly at all. Our common stock was only relisted
      by
      the NASD in March 2005, at which time trading resumed. In the foreseeable future
      our common stock is likely to experience significant price and volume
      fluctuations that could adversely affect its market price without regard to
      our
      operating performance. In addition, we believe that factors such as quarterly
      fluctuations in our financial results and changes in the overall economy or
      the
      condition of the financial markets could cause the price of our common stock
      to
      fluctuate substantially.





*OUR
      COMMON STOCK IS SUBJECT TO "PENNY STOCK" RULES.*





The
      Securities and Exchange Commission has adopted Rule 15g-9 which establishes
      the
      definition of a "penny stock," for the purposes relevant to us, as any equity
      security that has a market price of less than $5.00 per share or with an
      exercise price of less than $5.00 per share, subject to certain exceptions.
      For
      any transaction involving a penny stock, unless exempt, the rules require that:





Ÿ
            a
                broker or dealer approve a customer's account for transactions in
                penny
                stocks;





Ÿ
            the
                broker or dealer receive from the customer an agreement to the
                transaction, setting forth the identity and quantity of the penny
                stock to
                be purchased; and





Ÿ
            effective
                September 12, 2005, the broker or dealer wait for a period of not
                less
                than two business days after the broker or dealer sends such agreement
                before effecting a transaction in a penny stock by, for or with the
                account of the customer.





In
      order
      to approve a customer's account for transactions in penny stocks, the broker
      or
      dealer must





Ÿ
            obtain
                financial information and investment experience objectives of the
                customer;





Ÿ
            make
                a reasonable determination that the transactions in penny stocks
                are
                suitable for that customer and the customer has sufficient knowledge
                and
                experience in financial matters to be capable of evaluating the risks
                of
                transactions in penny stocks,





15


Ÿ
            provide
                a written statement to the customer which sets forth the basis on
                which
                the broker or dealer made the suitability determination,
                and





Ÿ
            receive
                the signed, written agreement from the customer prior to the transaction.





The
      broker or dealer must also deliver, prior to any transaction in a penny stock,
      a
      disclosure schedule prepared by the Securities and Exchange Commission relating
      to the penny stock market. Disclosures must include the risks of investing
      in
      penny stocks in both public offerings and in secondary trading, the commissions
      payable to both the broker-dealer and the registered representative, current
      quotations for the securities and the rights and remedies available to an
      investor in cases of fraud in penny stock transactions. Effective September
      12,
      2005, the broker or dealer must obtain from a customer a signed and dated
      acknowledgment of the customer’s receipt of the disclosure schedule before the
      broker or dealer may effect a transaction in a penny stock for such
      customer.




**Item
      3.**  **Controls
      And Procedures**





**(A)
      Evaluation Of Disclosure Controls And Procedures**





Prior
      to
      the filing of this Report on Form 10-QSB, an evaluation was performed under
      the
      supervision of and with the participation of the Company’s management, including
      the President and Chief Financial Officer, of the effectiveness of the Company’s
      disclosure controls and procedures. Based on the evaluation, the President
      and
      the Chief Financial Officer have concluded that, as of September 30, 2006,
      the
      Company’s disclosure controls and procedures were effective to ensure that
      information required to be disclosed by the Company in reports that it files
      or
      submits under the Securities Exchange Act of 1934, as amended, is recorded,
      processed, summarized and reported within the time periods specified in SEC
      rules and forms. It should be noted that the design of any system of controls
      is
      based in part upon certain assumptions about the likelihood of future events,
      and there can be no assurance that any design will succeed in achieving its
      stated goals under all potential future conditions, regardless of how remote.





**(B)
      Changes In Internal Controls**





The
      Company has had to restate its financial statements for the fiscal years ended
      March 31, 2006 and March 31, 2005, due primarily to the application of EITF
      00-19.  This is an indication of a material weakness in the reporting of
      financial data of the Company.  The Company did not have the in house
      resources to address the derivative accounting requirements established by
      the
      Financial Accounting Standards Board.  This has been addressed by education
      of staff through continuing education and through consulting outside experts.
       The Company has revised its review process and added additional reviewers
      to assure that the final document containing the financials fairly represents
      the Company’s financial position.  The design of any system of controls is
      based in part upon certain assumptions about the likelihood of future events
      and
      there is no certainty that any design will succeed in achieving its stated
      goal
      under all potential future considerations, regardless of how remote. Other
      than
      as stated above, during the six months ended September 30, 2006, there were
      no
      significant changes in the Company’s internal control over financial reporting
      that have materially affected, or are reasonably likely to materially affect,
      the Company’s internal control over financial reporting.




16


**Part
      II-Other Information**





**Item
      1.**  **Legal
      Proceedings**





None.





**Item
      2.**  **Unregistered
      Sales Of Equity Securities And Use Of Proceeds**





**None**




**Item
      3.**  **Defaults
      Upon Senior Securities**





None.





**Item
      4.****Submission
      Of Matters To A Vote Of Security Holders******





None.





**Item
      5.**  **Other
      Information**





None.





**Item
      6.**  **Exhibits**





**Exhibit
                No.**
            
            **Description****(1)**3(i)(a)
            
            Articles
                of Incorporation (Incorporated by reference to our Registration Statement
                on Form 10-SB filed February 6, 1998).3(i)(b)
            
            Certificate
                of Amendment (Incorporated by reference to our Registration statement
                on
                Form SB-2/A filed on May 14, 2004).3(i)(c)
            
            Certificate
                of Designations, Preferences, and Rights of Series A Convertible
                Preferred
                Stock of Clickable Enterprises, Inc. (Incorporated by reference to
                our
                Current Report on Form 8-K filed November 16, 2004)3(ii)
            
            Bylaws
                (Incorporated by reference to our Registration Statement on Form
                10-SB
                filed February 6, 1998).4.1
            
            Silver
                Ramona Mining, Inc. 10% Secured Convertible Debenture due September
                29,
                2003 in the principal sum of $794,119.79, issued to AJW Partners,
                LLC
                (Incorporated by reference to our Registration Statement on Form
                SB-2
                filed August 3, 2001).4.2
            
            Silver
                Ramona Mining, Inc. 10% Secured Convertible Debenture due September
                29,
                2003 in the principal sum of $398,829.30, issued to AJW Partners,
                LLC
                (Incorporated by reference to our Registration Statement on Form
                SB-2
                filed August 3, 2001).4.3
            
            Silver
                Ramona Mining, Inc. 10% Secured Convertible Debenture due August
                13, 2003
                in the principal sum of $125,000, issued to New Millennium Capital
                Partners II, LLC (Incorporated by reference to our Current Report
                on Form
                8-K, filed August 14,2001).4.4
            
            Silver
                Ramona Mining, Inc. 10% Secured Convertible Debenture due August
                13, 2003
                in the principal sum of $125,000, issued to AJW Partners, LLC
                (Incorporated by reference to our Current Report on Form 8-K, filed
                August
                14, 2001).4.5
            
            Security
                Agreement among the Company and the Initial Purchasers (Incorporated
                by
                reference to our Current Report on Form 8-K, filed July 17, 2001).4.6
            
            Intellectual
                Property Security Agreement among the Company and the Initial Purchasers
                (Incorporated by reference to our Current Report on Form 8-K, filed
                July
                17, 2001).




17




4.7
            
            Secured
                Convertible Debenture Purchase Agreement dated as of May 8, 2002
                among the
                Company and AJW Partners, LLC, New Millennium Capital Partners II,
                LLC,
                Pegasus Capital Partners, LLC and AJW/New Millennium Offshore Ltd.
                (the
                "Subsequent Purchasers") (Incorporated by reference to our Registration
                Statement on SB-2 filed September 21, 2002).4.8
            
            Registration
                Rights Agreement dated as of May 8, 2002, among the Company and the
                Subsequent Purchasers (Incorporated by reference to our Registration
                Statement on SB-2 filed September 21, 2002).4.9
            
            Achievement
                Tec Holdings, Inc. 10% Secured Convertible Debenture due May 8, 2003
                in
                the principal sum of $37,500, issued to New Millennium Capital Partners
                II, LLC (Incorporated by reference to our Registration Statement
                on SB-2
                filed September 21, 2002).4.10
            
            Achievement
                Tec Holdings, Inc. 10% Secured Convertible Debenture due May 8, 2003
                in
                the principal sum of $37,500, issued to AJW Partners, LLC (Incorporated
                by
                reference to our Registration Statement on SB-2 filed September 21,
                2002).4.11
            
            Achievement
                Tec Holdings, Inc. 10% Secured Convertible Debenture due May 8, 2003
                in
                the principal sum of $112,500, issued to Pegasus Capital Partners,
                LLC
                (Incorporated by reference to our Registration Statement on SB-2
                filed
                September 21, 2002).4.12
            
            Achievement
                Tec Holdings, Inc. 10% Secured Convertible Debenture due May 8, 2003
                in
                the principal sum of $112,500, issued to AJW/New Millennium Offshore
                Ltd.
                (Incorporated by reference to our Registration Statement on SB-2
                filed
                September 21, 2002).4.13
            
            Security
                Agreement among the Company and the Subsequent Purchasers (Incorporated
                by
                reference to our Registration Statement on SB-2 filed September 21,
                2002).4.14
            
            Intellectual
                Property Security Agreement among the Company and the Subsequent
                Purchasers (Incorporated by reference to our Registration Statement
                on
                SB-2 filed September 21, 2002).4.15
            
            Securities
                Purchase Agreement among the Company and AJW Partners, LLC, AJW Offshore,
                Ltd., AJW Qualified Partners, LLC and New Millennium Capital Partners
                II,
                LLC, dated September 30, 2005 (Incorporated by reference to our Form
                10-QSB for the period ended September 30, 2005 filed on August 24,
                2005).4.16
            
            Form
                of Callable Secured Convertible Note entered into in connection with
                Exhibit 4.15 (Incorporated by reference to our Form 10-QSB for the
                period
                ended September 30, 2005 filed on August 24, 2005).4.17
            
            Form
                of Stock Purchase Warrant entered into in connection with Exhibit
                4.15
                (Incorporated by reference to our Form 10-QSB for the period ended
                September 30, 2005 filed on August 24, 2005).4.18
            
            Security
                Agreement among the Company and AJW Partners, LLC, AJW Offshore,
                Ltd., AJW
                Qualified Partners, LLC and New Millennium Capital Partners II, LLC,
                dated
                September 30, 2005 (Incorporated by reference to our Form 10-QSB
                for the
                period ended September 30, 2005 filed on August 24,
                2005).31.1
            
            Rule
                13a-14(a) Certification of Nicholas Cirillo, Jr., Chief Executive
                Officer
                (filed herewith).31.2
            
            Rule
                13a-14(a) Certification of Guy Pipolo, Chief Financial Officer (filed
                herewith).32.1
            
            Certification
                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section
                906 of
                the Sarbanes-Oxley Act of 2002 (filed herewith).32.2
            
            Certification
                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section
                906 of
                the Sarbanes-Oxley Act of 2002 (filed
                herewith).





**(1)** In the
      case of incorporation by reference to documents filed by the registrant under
      the Securities Exchange Act of 1934, as amended, the registrant’s file number
      under the Exchange Act is 000-23737.




18


**Signatures**





In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly authorized.





**Clickable Enterprises,
              Inc.***By:*
            */s/
              Nicholas Cirillo, Jr.**Name:*
            *Nicholas Cirillo,
              Jr.**Title:*
            *President (Principal
              Executive
              Officer)**Date:*
            *August 30, 2007*


*By:*
              */s/
                Guy Pipolo**Name:*
              *Guy Pipolo**Title:*
              *Chief Financial
                Officer
                (Principal Accounting Officer)**Date:*
              *August 30, 2007*




19