**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 December 31, 2007





**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
      x No o**





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
      April 1, 2008, 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)
            
            1Condensed
                Consolidated Balance Sheets as of December 31, 2007 (Unaudited) and
                March
                31, 2007
            
            1Condensed
                Consolidated Statements of Operations for the Nine Months Ended December
                31, 2007 and 2006 (Unaudited)
            
            2Condensed
                Consolidated Statements of Cash Flows for the Nine Months Ended December
                31, 2007 and 2006 (Unaudited)
            
            3Notes
                to Condensed Consolidated Financial Statements as of December 31,
                2007
                (Unaudited)
            
            4**Item
                2.**
            
            Management’s
                Discussion and Analysis or Plan of Operation
            
            12**Item
                3.**
            
            Controls
                and Procedures
            
            19





**Part
      II-Other Information**





**Item
                1.**
            
            Legal
                Proceedings
            
            20**Item
                2.**
            
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            
            20**Item
                3.**
            
            Defaults
                Upon Senior Securities
            
            20**Item
                4.**
            
            Submission
                of Matters to a Vote of Security Holders
            
            20**Item
                5.**
            
            Other
                Information
            
            20**Item
                6.**
            
            Exhibits
            
            20




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




**PART
      1- FINANCIAL INFORMATION**





ITEM
      1 -
      FINANCIAL STATEMENTS (UNAUDITED)





**CLICKABLE
                ENTERPRISES, INC AND SUBSIDIARY****CONDENSED
                CONSOLIDATED BALANCE SHEETS****(unaudited)**




December
                31,
            
            
            March
                31,2007
            
            
            2007ASSETSCurrent
                assets:Cash
            
            $
            171,442
            
            $
            119,639Accounts
                receivable, net of allowance for doubtful accounts of $133,000 and
                151,000, respectively
            
            
            840,565
            
            
            795,710Inventory
            
            
            65,269
            
            
            67,769Prepaid
                expenses
            
            
            76,245
            
            
            61,625Due
                from related parties
            
            
            242,471
            
            
            68,331Debt
                financing costs, net of accumulated amortization of $85,089 and $52,312,
                respectively
            
            
            54,911
            
            
            47,688Total
                current assets
            
            
            1,450,903
            
            
            1,160,762Property
                and equipment, net of accumulated depreciation of $83,545 and $64,298,
                respectively
            
            
            54,347
            
            
            72,610Other
                assets:Intangible
                assets, net of accumulated amortization of $220,347 and $132,537,
                respectively
            
            
            695,000
            
            
            798,171Other
                assets
            
            
            81,040
            
            
            80,108TOTAL
                ASSETS
            
            $
            2,281,290
            
            $
            2,111,651LIABILITIES
                AND STOCKHOLDERS' DEFICIENCYCurrent
                liabilities:Accounts
                payable and other accrued expenses
            
            $
            1,038,332
            
            $
            1,137,450Credit
                lines
            
            
            92,977
            
            
            129,950Deferred
                revenue
            
            
            7,189
            
            
            35,531Notes
                payable, current portion
            
            
            61,689
            
            
            105,112Customer
                deposits
            
            
            524,420
            
            
            114,160Accrued
                interest
            
            
            274,497
            
            
            77,157Convertible
                debentures, current portion
            
            
            1,642,456
            
            
            749,784Total
                current liabilities
            
            
            3,641,560
            
            
            2,349,144Long
                term debt:Convertible
                debentures
            
            
            1,564,927
            
            
            1,659,826Derivative
                instrument liabilities, convertible notes
            
            
            2,999,808
            
            
            2,765,915Derivative
                instrument liabilities, warrants
            
            
            2,000
            
            
            —Notes
                payable
            
            
            50,570
            
            
            23,316Total
                liabilities
            
            
            8,258,865
            
            
            6,798,201COMMITMENTS
                AND CONTINGENCIESRedeemable
                Series A 6% Convertible Preferred stock, $0.001 par value, 1,200
                shares
                authorized, issued and outstanding. Liquidation value of
                $1,431,189
            
            
            1,171,657
            
            
            1,171,657STOCKHOLDERS'
                DEFICIENCYCommon
                stock, $0.001 par value, 500,000 shares authorized; 481,194,033 shares
                issued and outstanding
            
            
            481,194
            
            
            481,194Additional
                paid in capital
            
            
            3,198,731
            
            
            3,198,731Deferred
                compensation
            
            
            94,492
            
            
            94,492Accumulated
                deficit
            
            
            (10,923,649
            )
            
            (9,632,624
            )Total
                stockholders' deficiency
            
            
            (7,149,232
            )
            
            (5,858,207
            )TOTAL
                LIABILITIES AND STOCKHOLDERS' DEFICIENCY
            
            $
            2,281,290
            
            $
            2,111,651







See
      the
      accompanying notes to the unaudited condensed consolidated financial
      statements




1


**CLICKABLE
                ENTERPRISES, INC. AND SUBSIDIARY****CONDENSED
                CONSOLIDATED STATEMENTS OF OPERATIONS****(unaudited)**




Three
                months ended December 31,
            
            Nine
                months ended December 31,2007
            
            
            2006
            
            
            2007
            
            
            2006REVENUE
            
            $
            3,039,655
            
            $
            2,023,945
            
            $
            4,895,183
            
            $
            3,988,432Cost
                of sales
            
            
            2,941,164
            
            
            1,887,669
            
            
            4,754,860
            
            
            3,825,319Gross
                profit
            
            
            98,491
            
            
            136,276
            
            
            140,323
            
            
            163,113OPERATING
                EXPENSES:Selling,
                administrative and administrative
            
            
            303,953
            
            
            368,271
            
            
            876,099
            
            
            1,137,043Depreciation
                and amortization
            
            
            46,874
            
            
            36,913
            
            
            140,570
            
            
            98,936Total
                operating expenses:
            
            
            350,827
            
            
            405,184
            
            
            1,016,669
            
            
            1,235,979LOSS
                FROM OPERATIONS
            
            
            (252,336
            )
            
            (268,908
            )
            
            (876,346
            )
            
            (1,072,866
            )OTHER
                INCOME (EXPENSE):Derivative
                Instrument income (expense)
            
            
            1,704,486
            
            
            547,184
            
            
            (233,666
            )
            
            3,203,967Other
                income
            
            
            12,722
            
            
            2,249
            
            
            42,498
            
            
            20,137Interest
                expense
            
            
            (72,963
            )
            
            (57,710
            )
            
            (223,511
            )
            
            (191,679
            )TOTAL
                OTHER INCOME (EXPENSE):
            
            
            1,644,245
            
            
            491,723
            
            
            (414,679
            )
            
            3,032,425Income
                (loss) before income taxes
            
            
            1,391,909
            
            
            222,815
            
            
            (1,291,025
            )
            
            1,959,559Provision
                for income taxes
            
            
            —
            
            
            —
            
            
            —
            
            
            —NET
                INCOME (LOSS)
            
            $
            1,391,909
            
            $
            222,815
            
            $
            (1,291,025
            )
            $
            1,959,559Net
                income (loss) available to common stockholders
            
            $
            1,391,909
            
            $
            222,815
            
            $
            (1,291,025
            )
            $
            1,959,559Net
                income (loss) per share, basic
            
            $
            0.0029
            
            $
            0.0005
            
            $
            (0.0027
            )
            $
            0.0052Net
                income (loss) per share, fully diluted
            
            $
            (0.0000
            )
            $
            (0.0001
            )
            
            N/A
            
            $
            (0.0005
            )Weighted
                average number of common shares outstanding:Basic
            
            
            481,194,033
            
            
            467,071,612
            
            
            481,194,033
            
            
            377,295,161Fully
                diluted
            
            
            15,761,306,607
            
            
            2,516,869,403
            
            
            N/A
            
            
            2,427,092,952






See
      the
      accompanying notes to the unaudited condensed consolidated financial
      statements





2




**CLICKABLE
                ENTERPRISES, INC. AND SUBSIDIARY****CONDENSED
                CONSOLIDATED STATEMENT OF CASH FLOWS****(unaudited)**




Nine
                months ended December 31,2007
            
            2006CASH
                FLOWS FROM OPERATING ACTIVITIES:Net
                income (loss):
            
            $
            (1,291,025
            )
            $
            1,959,559Adjustments
                to reconcile net income (loss) to net cash used in operating
                activities:Depreciation
                and amortization
            
            
            140,570
            
            
            98,936Provision
                for bad debts
            
            
            (37,439
            )
            
            17,595Common
                stock issued for services rendered
            
            
            —
            
            
            147,143Change
                in derivative instruments
            
            
            233,666
            
            
            (3,203,967
            )Change
                in operating assets and liabilities:(Increase)
                decrease in:Accounts
                receivable
            
            
            (7,416
            )
            
            (29,457
            )Inventory
            
            
            2,500
            
            
            (61,506
            )Prepaid
                expenses
            
            
            (14,621
            )
            
            (59,999
            )Other
                assets
            
            
            —
            
            
            3,668Increase
                (decrease) in:Accounts
                payable and accrued expenses
            
            
            17,381
            
            
            325,739Deferred
                revenue
            
            
            (28,342
            )
            
            37,760Accrued
                interest
            
            
            197,340
            
            
            182,407Customer
                deposits
            
            
            410,262
            
            
            142,312Net
                cash used in operating activities:
            
            
            (377,124
            )
            
            (439,810
            )CASH
                FLOWS FROM INVESTING ACTIVITIES:Acquisition
                of property and equipment
            
            
            (1,720
            )
            
            (21,785
            )Acquisition
                of other current assets
            
            
            (932
            )
            
            (17,108
            )Acquisition
                of intangible assets
            
            
            —
            
            
            (100,000
            )Net
                cash used in investing activities:
            
            
            (2,652
            )
            
            (138,893
            )CASH
                FLOWS FROM FINANCING ACTIVITIES:Payment
                of financing costs
            
            
            (40,000
            )
            
            —Increase
                (decrease) in credit lines
            
            
            (36,973
            )
            
            40,250Increase
                (decrease) in notes payable
            
            
            (117,308
            )
            
            (29,020
            )Decrease
                (increase) in due from related parties
            
            
            (174,140
            )
            
            (48,933
            )Proceeds
                from issuance of convertible debentures
            
            
            800,000
            
            
            —Net
                cash provided by (used in) financing activities:
            
            
            431,579
            
            
            (37,703
            )Net
                increase (decrease) in cash and cash equivalents:
            
            
            51,803
            
            
            (616,406
            )Cash
                and cash equivalents, beginning of period
            
            
            119,639
            
            
            1,001,903Cash
                and cash equivalents, end of period
            
            $
            171,442
            
            $
            385,497SUPPLEMENTAL
                DISCLOSURES OF CASH FLOW INFORMATION:Cash
                paid during the period for interest
            
            $
            26,171
            
            $
            173,192Cash
                paid during the period for taxes
            
            $
            —
            
            $
            —




NON
                CASH INVESTING AND FINANCING ACTIVITIES:During
                the nine months ended December 31, 2007, in conjunction with the
                issuance
                of convertible debentures,the
                Company issued 10,000,000 warrants to purchase the Company's common
                stock.





See
      the
      accompanying notes to the unaudited condensed consolidated financial
      statements




3




**CLICKABLE
      ENTERPRISES, INC. AND SUBSIDIARIES**


**NOTES
      TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION**


**DECEMBER
      31, 2007**


**(** **unaudited** **)**





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





*General*




Operating
      results for the three and nine month period ended December 31, 2007 are not
      necessarily indicative of the results that may be expected for the fiscal year
      ending March 31, 2008. The unaudited condensed consolidated financial statements
      should be read in conjunction with the consolidated March 31, 2007 financial
      statements and footnotes thereto included in the Company's SEC Form 10-KSB.




*Business
      and Basis of Presentation*





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.





The
      condensed consolidated financial statements include the accounts of Clickable
      Enterprises, Inc. and its wholly-owned subsidiary ClickableOil.com, Inc.
      (collectively, the "Company"). Significant inter-company transactions have
      been
      eliminated in consolidation.





*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.





*Reclassification*




Certain
      prior period amounts have been reclassified for comparative
      purposes.




** *Property
      and Equipment*




Property
      and equipment are stated at cost and depreciated over their estimated useful
      lives of 5 to 10 years using the straight line method. At December 31, 2007
      property and equipment consist of:




Computer
                  equipment
              
              $
              129,897Furniture
              
              
              7,995Accumulated
                  depreciation
              
              
              (83,545
              )Net
              
              $
              54,347




4





**CLICKABLE
      ENTERPRISES, INC. AND SUBSIDIARIES**


**NOTES
      TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION**


**DECEMBER
      31, 2007**


**(** **unaudited** **)**





**NOTE
      1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION
      (continued)**





*Stock
      Based Compensation*




In
      December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
      Compensation-Transition and Disclosure-an amendment of SFAS 123." This statement
      amends SFAS No. 123, "Accounting for Stock-Based Compensation," to provide
      alternative methods of transition for a voluntary change to the fair value
      based
      method of accounting for stock-based employee compensation. In addition, this
      statement amends the disclosure requirements of SFAS No. 123 to require
      prominent disclosures in both annual and interim financial statements about
      the
      method of accounting for stock-based employee compensation and the effect of
      the
      method used on reported results. The Company has chosen to continue to account
      for stock-based compensation using the intrinsic value method prescribed in
      APB
      Opinion No. 25 and related interpretations. Accordingly, compensation expense
      for stock options is measured as the excess, if any, of the fair market value
      of
      the Company's stock at the date of the grant over the exercise price of the
      related option. The Company has adopted the annual disclosure provisions of
      SFAS
      No. 148 in its financial reports for the year ended March 31, 2006 and for
      the
      subsequent periods. The Company did not issue employee options as stock-based
      compensation during the three or nine months ended December 31, 2007 and
      therefore has no unrecognized stock compensation related liabilities ended
      December 31, 2007.




On
      January 1, 2006, the Company adopted the fair value recognition provisions
      of
      Financial Accounting Standards Board ("FASB") Statement of Financial Accounting
      Standards ("SFAS") No. 123, Accounting for Stock Based Compensation, to account
      for compensation costs under our stock option plans. We previously utilized
      the
      intrinsic value method under Accounting Principles Board Opinion No. 25,
      Accounting for Stock Issued to Employees (as amended) ("APB 25"). Under the
      intrinsic value method prescribed by APB 25, no compensation costs were
      recognized for our employee stock options because the option exercise price
      equaled the market price on the date of the grant. Prior to January 1, 2006
      we
      only disclosed the pro forma effects on net income and earnings per share as
      if
      the fair value recognition provisions of SFAS 123(R) had been
      utilized.




In
      adopting SFAS No. 123(R), the Company elected to use the modified prospective
      method to account for the transition from the intrinsic value method to the
      fair
      value recognition method. Under modified prospective method, compensation cost
      is recognized from the adoption date forward for all new stock options granted
      and for any outstanding unvested awards as if the fair value method had been
      applied to those awards as of the date of the grant. In the nine months ended
      December 31, 2007, the Company did not grant any employee stock options.




*Revenue
      Recognition*




Revenues
      are recognized in the period that services are provided. For revenue from
      product sales, the Company recognizes revenue in accordance with Staff
      Accounting Bulletin No. 104, REVENUE RECOGNITION ("SAB104"), which superseded
      Staff Accounting Bulletin No. 101, REVENUE RECOGNITION IN FINANCIAL STATEMENTS
      ("SAB101"). SAB 101 requires that four basic criteria must be met before revenue
      can be recognized: (1) persuasive evidence of an arrangement exists; (2)
      delivery has occurred; (3) the selling price is fixed and determinable; and
      (4)
      collectibility is reasonably assured. Determination of criteria (3) and (4)
      are
      based on management's judgments regarding the fixed nature of the selling prices
      of the products delivered and the collectibility of those amounts. Provisions
      for discounts and rebates to customers, estimated returns and allowances, and
      other adjustments are provided for in the same period the related sales are
      recorded. The Company defers any revenue for which the product has not been
      delivered or is subject to refund until such time that the Company and the
      customer jointly determine that the product has been delivered or no refund
      will
      be required. At December 31, 2007 the Company had $7,189 in deferred
      revenue.




SAB
      104
      incorporates Emerging Issues Task Force 00-21 (“EITF 00-21”), MULTIPLE
      DELIVERABLE REVENUE ARRANGEMENTS. EITF 00-21 addresses accounting for
      arrangements that may involve the delivery or performance of multiple products,
      services and/or rights to use assets. The effect of implementing EITF 00-21
      on
      the Company’s financial position and results of operations was not
      significant.




5




**CLICKABLE
      ENTERPRISES, INC. AND SUBSIDIARIES**


**NOTES
      TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION**


**DECEMBER
      31, 2007**


**(** **unaudited** **)**





**NOTE
      1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION
      (continued)**





*Concentrations
      of Credit Risk*




Financial
      instruments and related items which potentially subject the Company to
      concentrations of credit risk consist primarily of cash, cash equivalents and
      trade receivables. The Company places its cash and temporary cash investments
      with credit quality institutions. At times, such investments may be in excess
      of
      the FDIC insurance limit. The Company periodically reviews its trade receivables
      in determining its allowance for doubtful accounts. At December 31, 2007 and
      March 31, 2007, allowance for doubtful receivable was $133,000 and $151,000,
      respectively.




*Net
      income (loss) per share*




The
      following reconciliation of net income and share amounts used in the computation
      of income (loss) per share for the three months ended December 31, 2007 and
      2006; and for the nine months ended December 31, 2006:


Three
                  Months Ended
              
              
              Three
                  Months Ended
              
              
              Nine
                  Months EndedDecember
                  31, 2007
              
              
              December
                  31, 2006
              
              
              December
                  31, 2006Net
                  income used in computing basic net income per share
              
              $
              1,391,909
              
              $
              222,815
              
              $
              1,959,559Impact
                  of assumed assumptions:Gain
                  in fair value of financial instruments relating to convertible
                  debt
                  charged to operations
              
              
              (1,704,486
              )
              
              (547,184
              )
              
              (3,203,967
              )Net
                  loss in computing diluted net loss per share:
              
              $
              312,577
              )
              $
              324,369
              )
              $
              (1,244,408
              )





The
      weighted average shares outstanding used in the basic net income per share
      computations for the three months ended December
      31, 2007 and 2006; and for the nine months ended December 31,2006 was
      481,194,033, 467,071,612 and 377,295,161, respectively. In determining the
      number of shares used in computing diluted loss per share, the Company added
      approximately 15,280,112,574 for the three months ended December 31, 2007 and
      2,049,797,791 potentially dilutive securities for the three and nine months
      ended December 31, 2006, respectively. The potentially dilutive securities
      added
      were mostly attributable to the convertible debentures outstanding. As a result,
      the diluted loss per share for the three and nine months ended December 31,
      2007
      and for the nine months ended December 31, 2006 was $0.0000, $0.0001 and
      $0.0005, respectively.





*Derivative
      Financial Instruments*




The
      Company's derivative financial instruments consist of embedded derivatives
      related to the Secured Convertible Debentures issued in from 2003 through 2006
      (see Note 3). These embedded derivatives include certain conversion features,
      variable interest features, call options and default provisions. The accounting
      treatment of derivative financial instruments requires that the Company recorded
      the derivatives and related warrants at their fair values as of the inception
      date of the Note Agreement and at fair value as of each subsequent balance
      sheet
      date. In addition, under the provisions of EITF Issue No. 00-19, "Accounting
      for
      Derivative Financial Instruments Indexed to, and Potentially Settled in, a
      Company's Own Stock," as a result of entering into the Notes, the Company is
      required to classify all other non-employee stock options and warrants as
      derivative liabilities and mark them to market at each reporting date. Any
      change in fair value will be recorded as non-operating, non-cash income or
      expense at each reporting date. If the fair value of the derivatives is higher
      at the subsequent balance sheet date, the Company will record a non-operating,
      non-cash charge. If the fair value of the derivatives is lower at the subsequent
      balance sheet date, the Company will record non-operating, non-cash income.
      Conversion-related derivatives were valued using the Black Scholes Option
      Pricing Model with the following assumptions: dividend yield of 0%; annual
      volatility of 73.85%; and risk free interest rate of 2.76 to 3.49%. The
      derivatives are classified as long-term liabilities.




6




**CLICKABLE
      ENTERPRISES, INC. AND SUBSIDIARIES**


**NOTES
      TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION**


**DECEMBER
      31, 2007**


**(** **unaudited** **)**





**NOTE
      1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION
      (continued)**





*Recent
      accounting pronouncements*





In
      February 2006, the FASB issued SFAS No. 155, “ *Accounting* *for
      certain Hybrid Financial Instruments an amendment of FASB Statements No. 133
      and
      140”* (“SFAS
      No. 155”) *.* SFAS No.
      155 permits fair value re-measurement for any hybrid financial instrument that
      contains an embedded derivative that otherwise would require bifurcation,
      clarifies which interest-only strips and principal-only strips are not subject
      to the requirements of SFAS No. 133, establishes a requirement to evaluate
      interests in securitized financial assets to identify interests that are
      freestanding derivatives or that are hybrid financial instruments that contain
      an embedded derivative requiring bifurcation, clarifies that concentrations
      of
      credit risk in the form of subordination are not embedded derivatives, and
      amends SFAS No. 140 to eliminate the prohibition on a qualifying special purpose
      entity from holding a derivative financial instrument that pertains to a
      beneficial interest other than another derivative financial instrument. SFAS
      No.
      155 is effective for all financial instruments acquired or issued after the
      beginning of an entity’s first fiscal year that begins after September 15, 2006.
      The SFAS No. 155 did not have a material impact on the Company’s financial
      position, results of operations or cash flows.





In
      March
      2006, the FASB issued SFAS No. 156, “ *Accounting
      for Servicing of Financial Assets - an amendment to FASB Statement No.
      140* ”
(“SFAS
      No. 156”). SFAS No. 156 requires that an entity recognize a servicing asset or
      servicing liability each time it undertakes an obligation to service a financial
      asset by entering into a service contract under certain situations. The new
      standard is effective for fiscal years beginning after September 15, 2006.
      SFAS
      No.156 did not have a material impact on the Company's financial position,
      results of operations or cash flows.





In
      July
      2006, the FASB issued Interpretation No. 48, “ *Accounting* *for
      uncertainty in Income Taxes”* (“FIN
      No.
      48”). FIN No.
      48 clarifies the accounting for Income Taxes by prescribing the minimum
      recognition threshold a tax position is required to meet before being recognized
      in the financial statements. It also provides guidance on derecognition,
      measurement, classification, interest and penalties, accounting in interim
      periods, disclosure and transition and clearly scopes income taxes out of SFAS
      No. 5, “ *Accounting
      for Contingencies”.* FIN No.
      48 is effective for fiscal years beginning after December 15, 2006. The Company
      has not yet evaluated the impact of adopting FIN No. 48 on the Company’s
      financial position, results of operations or cash flows.





In
      September 2006, FASB issued its SFAS No. 157, “ *Fair
      Value Measurements* ”
(“SFAS
      No. 157”). SFAS No. 157 defines fair value, establishes a framework for
      measuring fair value in generally accepted accounting principles (GAAP), and
      expands disclosures about fair value measurements. SFAS No.157 applies under
      other accounting pronouncements that require or permit fair value measurements,
      the Board having previously concluded in those accounting pronouncements that
      fair value is the relevant measurement attribute. Accordingly, SFAS No. 157
      does
      not require any new fair value measurements. However, for some entities, the
      application of SFAS No. 157 will change current practice. SFAS No. 157 is
      effective for fiscal years beginning after November 15, 2007. The Company does
      not expect adoption of this standard will have a material impact on its
      financial position, results of operations or cash flows.





In
      September 2006 the FASB issued its SFAS No. 158, “ *Employers’
      Accounting for Defined Benefit Pension and Other Postretirement Plans, an
      amendment of FASB Statements No. 87, 88, 106 and 132(R)* ”
(“SFAS
      No. 158”). SFAS No. 158 improves financial reporting by requiring an employer to
      recognize the overfunded or underfunded status of a defined benefit
      postretirement plan (other than a multiemployer plan) as an asset or liability
      in its statement of financial position and to recognize changes in that funded
      status in the year in which the changes occur through comprehensive income
      of a
      business entity or changes in unrestricted net assets of a not-for-profit
      organization. SFAS No. 158 also improves financial reporting by requiring an
      employer to measure the funded status of a plan as of the date of its year-end
      statement of financial position, with limited exceptions. The effective date
      for
      an employer with publicly traded equity securities is as of the end of the
      fiscal year ending after December 15, 2006. The Company does not expect adoption
      of this standard will have a material impact on its financial position, results
      of operations or cash flows.





7




**CLICKABLE
      ENTERPRISES, INC. AND SUBSIDIARIES**


**NOTES
      TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION**


**DECEMBER
      31, 2007**


**(** **unaudited** **)**





**NOTE
      1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION
      (continued)**





Recent
      accounting pronouncements (continued)




In
      December 2006, the FASB issued FSP EITF 00-19-2, “ *Accounting
      for Registration Payment Arrangements* ”
      (“ FSP
      00-19 -2”)
      which addresses accounting for registration payment arrangements. FSP
      00-19 -2
      specifies that the contingent obligation to make future payments or otherwise
      transfer consideration under a registration payment arrangement, whether issued
      as a separate agreement or included as a provision of a financial instrument
      or
      other agreement, should be separately recognized and measured in accordance
      with
      SFAS No. 5, “Accounting for Contingencies”. FSP
      00-19 -2
      further clarifies that a financial instrument subject to a registration payment
      arrangement should be accounted for in accordance with other applicable
      generally accepted accounting principles without regard to the contingent
      obligation to transfer consideration pursuant to the registration payment
      arrangement. For registration payment arrangements and financial instruments
      subject to those arrangements that were entered into prior to the issuance
      of
      EITF 00-19-2, this guidance shall be effective for financial statements issued
      for fiscal years beginning after December 15, 2006 and interim periods within
      those fiscal years. The
      Company does not expect adoption of this standard will have a material impact
      on
      its financial position, results of operations or cash flows





In
      February 2007, the FASB issued SFAS No. 159, “ *The
      Fair Value Option for Financial Assets and Financial
      Liabilities* ”
(“SFAS
      No. 159”). SFAS
      No.
      159 permits entities to choose to measure many financial instruments, and
      certain other items, at fair value. SFAS
      No.
      159 applies to reporting periods beginning after November 15, 2007. The adoption
      of SFAS No. 159 is not expected to have a material impact on the Company’s
      financial position, results of operations or cash flows.





In
      December 2007, the FASB issued SFAS No. 141(R), *"Business
      Combinations"* ("SFAS No. 141(R)"), which establishes principles and requirements for how
      an acquirer recognizes and measures in its financial statements the identifiable
      assets acquired, the liabilities assumed, and any noncontrolling interest in
      an
      acquiree, including the recognition and measurement of goodwill acquired in
      a
      business combination. SFAS No. 141R is effective as of the beginning of the
      first fiscal year beginning on or after December 15, 2008. Earlier adoption
      is prohibited and the Company is currently evaluating the effect, if any, that
      the adoption will have on its financial position, results of operations or
      cash
      flows.





In
      December 2007, the FASB issued SFAS No. 160, *"Noncontrolling
      Interest in Consolidated Financial Statements, an amendment of ARB
      No. 51"* ("SFAS
      No. 160"), which will change the accounting and reporting for minority
      interests, which will be recharacterized as noncontrolling interests and
      classified as a component of equity within the consolidated balance sheets.
      SFAS
      No. 160 is effective as of the beginning of the first fiscal year beginning
      on
      or after December 15, 2008. Earlier adoption is prohibited and the Company
      is currently evaluating the effect, if any, that the adoption will have on
      its
      financial position, results of operations or cash flows.




**NOTE
      2 - RELATED PARTY TRANSACTIONS**





During
      the nine months ended December 31, 2007, the Company's due from (due to) related
      parties for oil purchases and interest bearing cash advances to/from NRG Heat
      & Power, LLC (“NRG”), NexGen Energy, LLC (“NexGen”) and Flaw, Inc. (“Flaw”),
      oil companies that are owned and managed by Messrs. Cirillo and Pipolo, officers
      of the Company, increased by  $174,140
      to a balance of $242,471  included
      in due from related parties in current assets on December 31, 2007 compared
      to a
      balance of $68,331 included in due from related parties in current assets on
      March 31, 2007. As of December 31, 2007, accrued interest due to/from related
      parties was $0.





During
      the nine months ended December 31, 2007 and 2006, the Company purchased oil
      for
      resale from NRG and Flaw in the amount of $591,335 and $403,221, respectively,
      or 14.2% and 12.1%, respectively, of total heating oil purchased, and had fuel
      sales to NRG, Nexgen and Flaw in the amount of $14,460  and  $113,392,
      respectively.





8




**CLICKABLE
      ENTERPRISES, INC. AND SUBSIDIARIES**


**NOTES
      TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION**


**DECEMBER
      31, 2007**


**(** **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 nine months ended December 31, 2007, $197,340 has been charged to interest
      expense.





As
      of
      December 31, 2007, the balance of accrued interest on all of the convertible
      debentures is $274,497 which is included in current liabilities.





On
      May
      31, 2007, Clickable Enterprises, Inc. (the “Company”) entered into Securities
      Purchase Agreement (the “Purchase Agreement”) for the sale of $800,000 in its
      Callable Secured Convertible Notes (“Notes”) in a private placement to AJW
      Partners, LLC, AJW Offshore, Ltd., AJW Qualified Partners, LLC and New
      Millennium Capital Partners II, LLC (collectively, the “Investors”). In addition
      to the Notes, the Company issued warrants (the “Warrants”) exercisable for
      10,000,000 shares of the Company’s common stock, par value $.001 per share (the
“Common Stock”). The Warrants are exercisable for a period of seven years from
      the closing date at an exercise price of $0.002, subject to certain adjustments,
      including, but not limited to, adjustments for stock splits, stock dividends,
      mergers, consolidations and distributions. Closing under the Purchase Agreement
      occurred on May 31, 2007.





The
      Notes
      are convertible into shares of Common Stock in whole or in part from time to
      time at the option of the Investors at the Conversion Price then in effect.
      The
“Conversion Price” is equal to 40% of the average of the lowest three trading
      prices for the Common Stock during the previous twenty trading days ending
      one
      trading day prior to the date of a holder’s notice of conversion. The Conversion
      Price is subject to certain adjustments, including, but not limited to,
      adjustments for stock splits, stock dividends, mergers, consolidations and
      distributions.





The
      Notes
      bear interest at the rate of 8% per annum, payable quarterly; if, however,
      in
      any month, the trading price of the Common Stock is $.028125 or more for each
      trading day of the month, no interest will be payable for such month. The
      principal amount of the Notes and all accrued interest, if not previously paid
      or converted, will be due and payable on May 31, 2010.





The
      Company has granted the Investors a security interest in substantially all
      of
      its assets to secure its obligations under the Notes. The Company is obligated
      to file a registration statement registering the resale of the shares issuable
      upon conversion of the Notes upon demand by the Investors. The registration
      statement is required to be filed within thirty (30) days following demand
      by
      the Investors and to become effective within ninety (90) days after filing.
      The
      Company paid a $40,000 fee to an affiliate of the Investors in connection with
      this transaction.





**NOTE
      4-DERIVATIVE FINANCIAL INSTRUMENT LIABILITIES**





The
      Company uses 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 warrants and the embedded conversion option components of the
      bifurcated embedded derivative instruments, at the time they were issued and
      at
      December 31, 2007, the Company 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 warrants or repayment date of the convertible debt
      instrument. All 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 73.85% based on a review of the historical
      volatility. The risk-free rates of return used ranged from 2.76%  to
      3.49%
      based on constant maturity rates published by the U.S. Federal Reserve,
      applicable to the remaining life of the options or warrants.




9




**CLICKABLE
      ENTERPRISES, INC. AND SUBSIDIARIES**


**NOTES
      TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION**


**DECEMBER
      31, 2007**


**(** **unaudited** **)**





**NOTE
      4-DERIVATIVE FINANCIAL INSTRUMENT LIABILITIES (continued)**





At
      December 31, 2007, 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
                December 31, 200706/06/2003
            
            
            06/05/2008
            
            
            1,500,000
            
            
            AJW
                Partners
            
            
            Various
            
            $
            0
            
            $
            011/03/2003
            
            
            11/03/2008
            
            
            1,500,000
            
            
            AJW
                Partners
            
            
            Various
            
            
            0
            
            
            001/16/2004
            
            
            01/16/2009
            
            
            1,000,000
            
            
            AJW
                Partners
            
            
            Various
            
            
            0
            
            
            006/30/2005
            
            
            06/30/2010
            
            
            6,500,000
            
            
            AJW
                Partners
            
            
            Various
            
            
            585,000
            
            
            011/14/2005
            
            
            11/14/2010
            
            
            2,500,000
            
            
            AJW
                Partners
            
            
            Various
            
            
            69,982
            
            
            003/21/2006
            
            
            03/21/2011
            
            
            4,000,000
            
            
            AJW
                Partners
            
            
            Various
            
            
            76,000
            
            
            005/31/2007
            
            
            05/31/2014
            
            
            10,000,000
            
            
            AJW
                Partners
            
            
            Various
            
            
            20,000
            
            
            2,000Fair
                value of derivative instrument liabilities for warrants
            $
            750,982
            
            $
            2,000





Issue
                Date
            
            Due
                Date
            
            Note
                Amount
            
            Instrument
            
            Exercise
                Price per Share
            
            Value-Issue
                Date
            
            Value
                December 31, 20073/31/2003
            
            10/15/2007
            
            1,717,949
            
            Convertible
                Notes
            
            Various
            
            $3,435,898
            
            $006/06/2003
            
            10/15/2007
            
            300,000
            
            Convertible
                Notes
            
            Various
            
            $600,000
            
            267,63811/03/2003
            
            10/15/2007
            
            300,000
            
            Convertible
                Notes
            
            Various
            
            600,000
            
            281,25001/16/2004
            
            10/15/2007
            
            200,000
            
            Convertible
                Notes
            
            Various
            
            400,000
            
            187,50006/30/2005
            
            06/30/2008
            
            650,000
            
            Convertible
                Notes
            
            Various
            
            1,598,361
            
            406,25011/14/2005
            
            11/14/2008
            
            250,000
            
            Convertible
                Notes
            
            Various
            
            489,510
            
            234,37503/21/2006
            
            03/21/2009
            
            1,000,000
            
            Convertible
                Notes
            
            Various
            
            2,083,333
            
            312,50010/15/2004
            
            10/15/2007
            
            1,200,000
            
            Convertible
                Preferred Stock
            
            Various
            
            1,411,765
            
            185,29505/31/2007
            
            05/31/2010
            
            800,000
            
            Convertible
                Notes
            
            Various
            
            1,523,810
            
            1,125,000Fair
                value of bifurcated embedded derivative instrument
                liabilities
            $
            12,142,677
            
            $
            2,999,808Total
                derivative financial instruments
            
            
            
            $
            12,893,659
            
            $
            3,001,808





**NOTE
      5 - COMMITMENTS AND CONTINGENCIES**





(A)
      Sales
      Commitments





At
      December 31, 2007, the Company has an aggregate obligation to deliver at varying
      prices approximately 100,000 gallons of heating oil to customers under fixed
      price contracts.





(B)
      Purchase Commitments





At
      December 31, 2007, the Company has an aggregate obligation to purchase
      approximately 84,000 gallons of heating oil at varying prices under fixed price
      contracts.




10




**CLICKABLE
      ENTERPRISES, INC. AND SUBSIDIARIES**


**NOTES
      TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION**


**DECEMBER
      31, 2007**


**(** **unaudited** **)**





**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 loss of $1,291,025 and a  negative
      cash flow from operations of $377,124 . for
      the
      nine months ended December 31, 2007, as well a stockholders' deficiency of
      $7,149,232 at December 31, 2007. 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 - SUBSEQUENT EVENTS**




On
      January 31, 2008, Clickable Enterprises, Inc. (the “Company”) entered into
      Securities Purchase Agreement (the “Purchase Agreement”) to convert $220,086.87
      of accrued interest into Convertible Debentures with a Maturity date of January
      31, 2011 in a private placement to AJW Partners, LLC, AJW Master Fund, Ltd.
      and
      New Millennium Capital Partners II, LLC (collectively, the “Investors”). Closing
      under the Purchase Agreement occurred on January 31, 2008.





The
      Notes
      are convertible into shares of Common Stock in whole or in part from time to
      time at the option of the Investors at the Conversion Price then in effect.
      The
“Conversion Price” is equal to 50% of the average of the lowest three trading
      prices for the Common Stock during the previous twenty trading days ending
      one
      trading day prior to the date of a holder’s notice of conversion. The Conversion
      Price is subject to certain adjustments, including, but not limited to,
      adjustments for stock splits, stock dividends, mergers, consolidations and
      distributions.





The
      Notes
      bear interest at the rate of 2% per annum, payable quarterly. The principal
      amount of the Notes and all accrued interest, if not previously paid or
      converted, will be due and payable on January 31, 2011.





The
      Company has granted the Investors a security interest in substantially all
      of
      its assets to secure its obligations under the Notes. The Company is obligated
      to file a registration statement registering the resale of the shares issuable
      upon conversion of the Notes upon demand by the Investors. The registration
      statement is required to be filed within thirty (30) days following demand
      by
      the Investors and to become effective within ninety (90) days after
      filing.


,




11


**ITEM** ****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, 2007.





**FINANCIAL
      CONDITION**





We
      had a
      net loss of $1,291,025 and a net income of $1,959,559 during the nine months
      ended December 31, 2007 and 2006, respectively. As of December 31, 2007, we
      had
      a cash balance of $171,442 and current liabilities of $3,641,560 with
      obligations aggregating $1,038,332 for trade creditors and accrued expenses,
      $274,497 in interest payable, customer deposits of $524,420, $61,689 in a
      current portion of note payable, and $1,642,456 due to convertible debenture
      holders, current portion. In addition, we had total long-term obligations in
      the
      amount of $1,615,497 to convertible debenture holders and other note holders.
      We
      are not certain 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 2007 and 2006, 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 nine months ended December 31, 2007, the Company's due from (due to) related
      parties for oil purchases and interest bearing cash advances to/from NRG Heat
      & Power, LLC (“NRG”), NexGen Energy, LLC (“NexGen”) and Flaw, Inc. (“Flaw”),
      oil companies that are owned and managed by Messrs. Cirillo and Pipolo, officers
      of the Company, increased by  $174,140
      to a balance of $242,471  included
      in due from related parties in current assets on December 31, 2007 compared
      to a
      balance of $68,331 included in due from related parties in current assets on
      March 31, 2007. As of December 31, 2007, accrued interest due to/from related
      parties was $0.





During
      the nine months ended December 31, 2007 and 2006, the Company purchased oil
      for
      resale from NRG and Flaw in the amount of $591,335 and $403,221, respectively,
      or 14.2% and 12.1%, respectively, of total heating oil purchased, and had fuel
      sales to NRG, Nexgen and Flaw in the amount of $14,460  and  $113,392,
      respectively.





**COMPARISON
      OF THE THREE MONTHS ENDED December 31, 2007 TO THE THREE MONTHS ENDED December
      31, 2006**





**Overall
      Results Of Operations**





For
      the
      three months ended December 31, 2007, we realized a net income of $1,391,909,
      an
      increase of $1,169,094 from the net income of $222,815 for the comparable prior
      year period. These results included non-cash income of $1,704,486 and $547,184,
      respectively, for derivative instrument income  and
      non-cash charges of $0 and $46,270, respectively, for amortization of stock
      issued to consultants as deferred compensation.  This
      net
      increase is primarily attributable to the non-cash income derived from the
      valuation of the derivative instruments.





**Sales**





Total
      net
      sales for the three months ended December 31, 2007 were $3,039,655 compared
      to
      $2,023,945 for the three months ended December 31, 2006. The increase of
      $1,015,710 or 50.2% can be attributed to a 3.5% increase in gallons sold
      combined with a 45.1% increase in the average selling price per gallon of
      heating oil.




12




**Gross
      Profit**





Gross
      profit decreased to $98,491 for the three months ended December 31, 2007
      compared to $136,276 for the three months ended December 31, 2006, or $37,785
      decrease, with gross margin decreasing to 3.2% from 6.7% for the same period
      last year. This decrease is predominantly due to a sharp spike in transportation
      expenses for the three months ended December 31, 2007. This is further
      compounded by lower product margins. These margins are lower than historical
      levels and are principally due to the continued increase in product costs caused
      by world market conditions. 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.





**Operating
      Expenses**





Total
      operating expenses decreased to $350,827 for the three months ended December
      31,
      2007, from $405,184 for the three months ended December 31, 2006, or a $54,357
      decease, primarily attributable to decreased insurance of $8,445 decrease in
      bad
      debt of $20,476, and  decreased
      professional fees of $46,181 and  decreased
      advertising of $11,250  offset
      by
      an increase of $9,961 in amortization costs and increased employee compensation
      of $19,375.





**Other
      Income (Expense)**





Non-cash
      income  from
      the
      valuation of the  derivative  instruments
      in the amount of $1,704,486 was recognized for the three months ended December
      31, 2007 as compared to income of $547,184 for the three months ended December
      31, 2006.





**COMPARISON
      OF THE NINE MONTHS ENDED DECEMBER 31, 2007 TO THE NINE MONTHS ENDED DECEMBER
      31,
      2006**





**Overall
      Results Of Operations**





For
      the
      nine months ended December 31, 2007, we realized a net loss of $1,291,025,
      a
      decrease of $3,250,584 from the net income of $1,959,559 for the comparable
      prior year period. These results included non-cash income (expense)
      of  ($233,666)
      and $3,203,967, respectively, for derivative instrument income (expense), and
      non-cash charges of $0 and $147,143, respectively, for amortization of stock
      issued to consultants as deferred compensation. This net decrease is primarily
      attributable to the non-cash expense derived from the valuation of the
      derivative instruments partially offset by a decrease in selling, general and
      administrative expenses and a decrease in non-cash charges.





**Sales**





Total
      net
      sales for the nine months ended December 31, 2007 were $4,895,183 compared
      to
      $3,988,432 for the nine months ended December 31, 2006. The increase of
      $906,751, or 22.7%, can be attributed to a 3.2% decrease in gallons sold offset
      by a 26.7% increase in the average selling price per gallon of heating oil.
      The
      decrease in gallons sold is attributable to Management’s decision to discontinue
      sales to several large volume, low profit accounts.





**Gross
      Profit**





Gross
      profit decreased to $140,323 for the nine months ended December 31, 2007
      compared to $163,113 for the nine months ended December 31, 2006, or $22,790,
      with gross margin decreasing to 2.9% from 4.1% for the period. These 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.





**Operating
      Expenses**





Total
      operating expenses decreased to $1,016,669 for the nine months ended December
      31, 2007, from $1,235,979 for the nine months ended December 31, 2006, or
      $219,310, primarily attributable to decreased employee compensation of
      $9,262  decreased
      insurance of $27,379,  decrease
      in bad debt of  $55,034 , and
      decreased professional fees of $111,322 decreased advertising of $41,666 offset
      by an increase of $41,634 in amortization costs.




13




**Other
      Income (Expense)**





Non-cash
      expense  from
      the
      valuation of the  derivative  instruments
      in the amount of $233,666 was recognized for the nine months ended December
      31,
      2007 as compared to income of $3,203,967 for the nine months ended December
      31,
      2006.





**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
      December 31, 2007, we had a cash balance of $171,442 and a negative cash flow
      from operations of $377,124 for the nine month period then ended. Since
      inception through the period ended December 31, 2007, we have financed our
      operations through private placements of debt and equity, as well as loans
      from
      related parties. Most recently, on May 31, 2007, the Company entered in a
      Securities Purchase Agreement for the sale of $800,000 of three-year secured
      convertible debentures and closed on the sale of convertible debentures of
      that
      amount, before expenses, on May 31, 2007. We are not certain that our cash
      balance at December 31, 2007 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, June
      30, September 30 and December 31 of each year, commencing December 31, 2004,
      out
      of funds legally available thereof. As of December 31, 2007, dividend arrearage
      on the Series A Preferred Stock aggregated approximately $231,189. The Company
      had a stockholders’ deficiency of $7,149,232 at December 31, 2007; 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 December 31, 2007
      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 $10,923,649. 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 December 31, 2007, we
      had
      $3,641,560 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.





The
      Company has total liabilities and contractual obligations of $5,535,156 as
      of
      December 31, 2007. These contractual obligations, along with the dates on which
      such payments are due, are described below:




**Contractual
                    Obligations**
                  **(as
                      of December 31, 2007)****Total**
              
              
              **1
                  Year or Less**
              
              
              **More
                  Than 1 Year**Convertible
                  Debentures
              
              $
              3,485,481
              
              $
              1,685,481
              
              $
              1,800,000Accounts
                  Payable and Accrued Expenses
              
              
              1,038,332
              
              
              1,038,332
              
              
              --Note
                  Payable
              
              
              112,258
              
              
              61,689
              
              
              50,570Accrued
                  Interest
              
              
              274,497
              
              
              274,497
              
              
              --Other
              
              
              624,586
              
              
              624,586
              
              
              --Total
                  Contractual Obligations
              
              $
              5,535,156
              
              $
              3,684,586
              
              $
              1,850,570






14




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 nine months ended December
      31, 2007 and 2006.





**Net
      Cash Used In Operating Activities**





Net
      cash
      used in operating activities was $377,124  and
      $439,810 in the nine months ended December 31, 2007 and 2006, respectively.
      The
      use of cash in operating activities for the nine months ended December 31,
      2007
      was principally the result of a net loss of $1,291,025 adjusted for a seasonable
      increase in accounts payable and accrued expenses of $17,781, increase in
      accrued interest of $197,340, Inventory of $2,500, non cash change of $233,666
      in derivative instruments and customer deposits of $410,262 partially offset
      by
      a seasonable increase in accounts receivable of $44,855, increase in prepaid
      expenses of $14,621, and a decrease in deferred revenue of $28,342. The use
      of
      cash in operating activities for the nine months ended December 31, 2006 was
      principally the result of a net income of $1,959,559 reduced by non-cash income
      of $3,203,967. This was partially offset by non-cash charges of $263,674, an
      increase in accrued interest of $182,407 and seasonable increase in accounts
      payable of $325,739.





**Net
      Cash Used In Investing Activities**





During
      the nine months ended December 31, 2007 and 2006, respectively, we used $1,720
      and $21,785 for the acquisition of property and equipment, $932 and $17,108
      for
      the acquisition of other assets and $-0-  and
      $100,000 for the acquisition of intangible assets.





**Net
      Cash Provided By Financing Activities**





Net
      cash
      provided by financing activities for the nine months ended December 31, 2007
      amounted to $431,579, principally attributable to the proceeds from convertible
      debentures of $760,000, net of financing costs.. This was reduced by  decreases
      in related party receivables, an acquisition-related note payable and credit
      line balances. Net cash used in financing activities for the nine months ended
      December 31, 2006 amounted to $37,703, attributable to a decrease in an
      acquisition-related note payable and an increase in due from related parties,
      offset by an increase in the balance of our credit lines.


15


**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
      nine months ended December 31, 2007 and 2006, we had a net income (loss) of
      ($1,291,025)  and
      $1,959,559, respectively. For the fiscal years ended March 31, 2007 and 2006,
      we
      had a net income (loss) of $3,389,153 and ($4,514,894), 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 September 21, 2007 on our consolidated financial statements for
      the
      fiscal year ended March 31, 2007, 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 $800,000 of convertible debentures on May 31, 2007, 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.




16




*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. **** The
      remaining balances of these debentures aggregating $785,481matured on October
      14, 2007 and are now 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 and the additional debentures issued during the fiscal years
      ended March 31, 2006 **** with
      maturity dates of December 31, 2008, November 14, 2008 and March 22, 2009 along
      with the additional debentures issued on May 31, 2007. 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
      February 10, 2008, 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 15,280,112,574 shares
      of
      common stock at current market prices, and outstanding warrants to purchase
      up
      to 27,000,000 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 $.0007 per share:





**Percentage
                Below Market**
            
            
            **Price
                Per Share**
            
            
            **Number
                of Shares Issuable**
            
            
            **Percentage
                of Outstanding Shares**25%
            
            $
            0.000525
            
            
            15,549,654,043
            
            
            97
            %50%
            
            $
            0.00035
            
            
            23,310,981,064
            
            
            98
            %75%
            
            $
            0.000175
            
            
            46,594,962,129
            
            
            99
            %





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.*




17




We
      entered into Securities Purchase Agreements for the sale of an aggregate of
      $3,500,000 of convertible debentures in fiscal years 2004, 2005, 2006 and 2007
      and assumed $1,717,949 of convertible debentures in the merger and
      recapitalization transaction with ClickableOil.com, Inc. that, less an aggregate
      reduction of $1,732,468 through December 31, 2007 due to conversions into shares
      of our common stock, are due and payable, with interest, on dates ranging from
      October 15, 2007 through May 31, 2010. 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.





*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 approves 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,




18




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 December 31, 2007, 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**





During
      the nine months ended December 31, 2007, 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.




19


**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).




20


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 June 30, 2005 (Incorporated by reference to our Form
                10-QSB for the period ended June 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 June 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
                June
                30, 2005 filed on August 24, 2005).4.18
            
            Securities
                Purchase Agreement dated as of October 15, 2004 among the Company
                and AJW
                Partners, LLC, AJW Offshore, Ltd., AJW Qualified Partners, LLC and
                New
                Millennium Capital Partners II, LLC (Incorporated by reference to
                our
                Current Report on Form 8-K filed on January 2, 2008).4.19
            
            Debentures
                Amendment dated as of October 15, 2004 ((Incorporated by reference
                to our
                Current Report on Form 8-K filed on January 2,
                2008).




21




4.20
              
              Securities
                  Purchase Agreement, dated as of March 21, 2006, entered into by
                  and among
                  Clickable Enterprises, Inc., AJW Partners, LLC, AJW Offshore, Ltd.,
                  AJW
                  Qualified Partners, LLC and New Millennium Capital Partners II,
                  LLC
                  (Incorporated by reference to our Form 10-KSB for the year ended
                  March 31,
                  2006 filed on June 29, 2006).4.21
              
              Form
                  of 6% Callable Secured Convertible Note issued in connection with
                  Exhibit
                  4.20 (Incorporated by reference to our Form 10-KSB for the year
                  ended
                  March 31, 2006 filed on June 29, 2006).4.22
              
              Form
                  of Stock Purchase issued in connection with Exhibit 4.20 (Incorporated
                  by
                  reference to our Form 10-KSB for the year ended March 31, 2006
                  filed on
                  June 29, 2006).4.23
              
              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 May 31, 2007(Incorporated by reference to our Current
                  Report on
                  Form 8-K/A filed on January 2, 2008).4.24
              
              Security
                  Agreement dated May 31, 2007, entered into by and among the Company,
                  AJW
                  Partners, LLC, AJW Offshore, Ltd., AJW Qualified Partners, LLC
                  and New
                  Millennium Capital Partners II, LLC (Incorporated by reference
                  to our
                  Current Report on Form 8-K/A filed on January 2, 2008).4.25
              
              Intellectual
                  Property Security Agreement among the Company and AJW Partners,
                  LLC, AJW
                  Offshore, Ltd., AJW Qualified Partners, LLC and New Millennium
                  Capital
                  Partners II, LLC, dated May 31, 2007 (Incorporated by reference
                  to our
                  Current Report on Form 8-K/A filed on January 2, 2008).4.26
              
              Form
                  of Stock Purchase Warrant entered into in connection with Exhibit
                  4.23
                  (Incorporated by reference to our Current Report on Form 8-K/A
                  filed on
                  January 2, 2008).4.27
              
              Form
                  of Callable Secured Convertible Note entered into in connection
                  with
                  Exhibit 4.23 (Incorporated by reference to our Current Report on
                  Form
                  8-K/A filed on January 2, 2008).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.




22


**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: *April
                11,2008**




*By:
                /s/  Guy Pipolo*Name:
*Guy
                Pipolo*Title:
                  *Chief Financial Officer (Principal Accounting
                  Officer)**Date: *April
                  11,2008**
  23