**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 June 30, 2006





**[
      ]** 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 [ ]**





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





As
      of
      August 14, 2006, there were 383,564,587 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
      [ ] No [X]**













**Clickable
      Enterprises, Inc.**


**Index
      To Form 10-QSB**








**Part
                  I-Financial
                  Information**





**Item
                1.**
            Condensed
                Consolidated Financial Statements (Unaudited)Condensed
                Consolidated Balance Sheets as of June 30, 2006 (Unaudited) and March
                31,
                2006Condensed
                Consolidated Statements of Operations for the Three Months Ended
                June 30,
                2006 and 2005 (Unaudited)Condensed
                Consolidated Statements of Cash Flows for the Three Months Ended
                June 30,
                2006 and 2004 (Unaudited)Condensed
                Consolidated Statement of Changes in Stockholders’ Deficiency for the
                Three Months Ended June 30, 2006 (Unaudited)Notes
                to Condensed Consolidated Financial Statements as of June 30, 2006
                (Unaudited)**Item
                2.**
            Management’s
                Discussion and Analysis or Plan of Operation**Item
                3.**
            Controls
                and Procedures





**Part
                  II-Other
                  Information**





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





i


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





Cautionary
      Statement Regarding Forward-Looking Statements





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




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








ii




**Clickable
        Enterprises, Inc. And Subsidiary**
 **Condensed
        Consolidated Balance Sheets**
 *See
          Statement Regarding Potential Effect of EITF 00-19 in Item 2- Management’s
          Discussion and Analysis or Plan of Operation.


**June
                30, 2006 (unaudited)**
            
            **March
                31, 2006****ASSETS**Current
                AssetsCash
            
            $
            457,489
            
            $
            1,001,903Accounts
                receivable, net of allowance fordoubtful
                accounts of $94,000 and $28,587 respectively
            
            
            296,937
            
            
            577,892Inventory
            
            
            96,670
            
            
            47,349Prepaid
                expenses
            
            
            197,454
            
            
            217,597Due
                from related parties
            
            
            22,030
            
            
            15,965Debt
                financing costs, net of accumulatedamortization
                of $27,311 and $18,978 respectively
            
            
            72,688
            
            
            81,022Total
                Current Assets
            
            $
            1,143,268
            
            $
            1,941,728Property
                and equipment, net
            
            
            69,710
            
            
            75,458Intangible
                asset, net of accumulated
            
            
            507,788
            
            
            526,422amortization
                of $70,497 and $51,863 respectivelyOther
                assets
            
            
            83,525
            
            
            66,668**TOTAL
                ASSETS**
            
            $
            1,804,290
            
            $
            2,610,275**LIABILITIES
                & STOCKHOLDERS' DEFICIENCY****Current
                Liabilities**Accounts
                payable and other accrued expenses
            
            $
            179,209
            
            $
            569,228Notes
                payable
            
            
            40,173
            
            
            39,185Customer
                deposits
            
            
            89,512
            
            
            69,835Accrued
                interest
            
            
            684,711
            
            
            629,236Total
                Current Liabilities
            
            $
            993,604
            
            $
            1,307,483Long
                Term LiabilitiesConvertible
                debentures, net of discount of $1,531,344 and $1,692,653
            
            
            947,587
            
            
            1,553,682Other
                Accrued Expenses
            
            
            14,952
            
            
            19,039Notes
                payable
            
            
            56,182
            
            
            66,604Total
                Long Term Liabilities
            
            
            1,018,721
            
            
            1,639,324**TOTAL
                LIABILITIES**
            
            $
            2,012,326
            
            $
            2,946,807COMMITMENTS
                AND CONTINGENCIES**STOCKHOLDERS'
                DEFICIENCY**Series
              A 6%
              Cumulative Preferred stock, $.001 par value, 1,200
              shares authorized, issued and outstanding
            
            
            1
            
            
            1Common
                stock, $.001 par value, 500,000,000 shares authorized, 328,956,826and
                239,956,826 shares issued and outstanding, respectively
            
            
            328,957
            
            
            239,957Additional
                paid-in capital
            
            
            6,699,317
            
            
            6,003,266Deferred
                compensation
            
            
            94,492
            
            
            94,492Accumulated
                deficit
            
            
            (7,330,802
            )
            
            (6,674,248
            )**TOTAL
                STOCKHOLDERS' DEFICIENCY**
            
            
            (208,036
            )
            
            (336,532
            )**TOTAL
                LIABILITIES AND STOCKHOLDERS' DEFICIENCY**
            
            $
            1,804,290
            
            $
            2,610,275




See
      accompanying notes to condensed consolidated financial
      statements


1


**Clickable
      Enterprises, Inc. And Subsidiary**


**Condensed
      Consolidated Statements Of Operations**


**(Unaudited)**


*See
        Statement Regarding Potential Effect of EITF 00-19 in Item 2- Management’s
        Discussion and Analysis or Plan of Operation.


**Three
                Months Ended****June
                30,****2006**
            
            **2005**NET
                FUEL SALES (including related party sales
            
            $
            969,878
            
            $
            406,886of
                $5,720 and $4,637 respectively)COST
                OF SALES
            
            
            950,891
            
            
            390,712GROSS
                PROFIT
            
            
            18,987
            
            
            16,174OPERATING
                EXPENSESSelling,
                general and administrative
            
            
            415,252
            
            
            265,288Depreciation
                and amortization
            
            
            32,715
            
            
            10,500TOTAL
                OPERATING EXPENSES
            
            
            447,967
            
            
            275,789LOSS
                FROM OPERATIONS
            
            $
            (428,980
            )
            $
            (259,615
            )OTHER
                INCOME (EXPENSE)Other
                income
            
            
            9,874
            
            
            3,174Interest
                expense
            
            
            (219,801
            )
            
            (49,974
            )TOTAL
                OTHER INCOME (EXPENSE)
            
            $
            (209,928
            )
            $
            (46,800
            )Loss
                before provision for income taxes
            
            
            (638,908
            )
            
            (306,415
            )NET
                LOSS
            
            $
            (638,908
            )
            $
            (306,415
            )Amortization
                of beneficial conversion featureof
                Series A preferred stock
            
            $
            (17,647
            )
            $
            (17,647
            )Net
                loss available to common stockholders
            
            $
            (656,555
            )
            $
            (324,062
            )Net
                loss per share, basic and diluted
            
            $
            (0.00
            )
            $
            (0.00
            )Weighted
                average number of common sharesoutstanding
                - basic and diluted
            
            
            284,770,013
            
            
            74,912,211





See
      accompanying notes to condensed consolidated
      financial statements





2


**Clickable
      Enterprises, Inc. And Subsidiary**


**Condensed
      Consolidated Statement Of Cash Flows**


**(Unaudited)**


For
                The Three Months EndedJune
                30,2006
            
            2005**CASH
                FLOWS FROM OPERATING ACTIVITIES:**Net
                loss
            
            $
            (638,908
            )
            $
            (306,415
            )**Adjustments
                to reconcile net loss to net cash used in operating
                activities:**Depreciation
                and amortization
            
            
            32,715
            
            
            10,500Provision
                for bad debts
            
            
            48,790
            
            
            25,412Amortization
                of beneficial conversion debt discount expense
            
            
            161,310
            
            
            -Recognition
                of deferred compensation
            
            
            54,603
            
            
            -**Changes
                in operating assets and liabilities:****(Increase)
                decrease in:**Accounts
                receivable
            
            
            232,165
            
            
            164,439Inventory
            
            
            (49,321
            )
            
            11,591Prepaid
                expenses
            
            
            (34,460
            )
            
            3,132Other
                assets
            
            
            251
            
            
            301**Increase
                (decrease) in:**Accounts
                payable and accrued expenses
            
            
            (394,106
            )
            
            (270,802
            )Accrued
                interest
            
            
            55,475
            
            
            49,737Customer
                deposits
            
            
            19,677
            
            
            9,297Net
                cash used in operating activities
            
            
            (511,807
            )
            
            (302,808
            )**CASH
                FLOWS FROM INVESTING ACTIVITIES:**Acquisition
                of property and equipment
            
            
            -
            
            
            (4,170
            )Acquisition
                of other current assets
            
            
            (17,108
            )
            
            -Acquisition
                of intangible assets
            
            
            -
            
            
            -Net
                cash used in investing activities
            
            
            (17,108
            )
            
            (4,170
            )**CASH
                FLOWS FROM FINANCING ACTIVITIES:**Payments
                of financing costs
            
            
            -
            
            
            (75,000
            )Increase
                (decrease) in Notes Payable
            
            
            (9,433
            )
            
            -Decrease
                (Increase) in due from related parties
            
            
            (6,065
            )
            
            (14,045
            )Proceeds
                from issuance of Preferred Stock
            
            
            -
            
            
            -Proceeds
                from issuance of convertible debentures
            
            
            -
            
            
            606,667Net
                cash used in financing activities
            
            
            (15,499
            )
            
            517,622**NET
                INCREASE IN CASH**
            
            
            (544,414
            )
            
            210,644**CASH
                AT BEGINNING OF PERIOD**
            
            
            1,001,903
            
            
            372,909**CASH
                AT END OF PERIOD**
            
            $
            457,489
            
            $
            583,553





**SUPPLEMENTAL
      DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:**





During
      the three months ended June 30, 2006, convertible debentures in the principal
      amount of $767,404 were converted into 89,000,000 shares of common
      stock.






See
      accompanying notes to condensed consolidated
      financial statements




3




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


**Series
                A Preferred Stock**
            
            **Common
                Stock**
            
            **Additional**
            
            **Accumulated**
            
            **Deferred****Shares**
            
            **Amount**
            
            **Shares**
            
            **Amount**
            
            **Paid
                in Capital**
            
            **Deficit**
            
            **Compensation**
            
            **Total**Balance,
                April 1, 2006
            
            
            1,200
            
            $
            1
            
            
            239,956,826
            
            $
            239,957
            
            $
            6,003,266
            
            
            ($6,674,248
            )
            $
            94,492
            
            
            ($336,532
            )Conversion
                of Debentures
            
            
            -
            
            
            -
            
            
            89,000,000
            
            
            89,000
            
            
            678,404
            
            
            -
            
            
            
            
            
            767,404Beneficial
                conversion feature of convertible debentures
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            
            
            
            -Warrants
                issued (convertible debentures & consultants)
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            
            
            
            -
            
            
            
            
            
            -Amortization
                of Series A Preferred Stock beneficial conversion
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            17,647
            
            
            (17,647
            )
            
            
            
            
            -Officers'
                Equity Compensation
            
            
            
            
            
            
            
            
            -
            
            
            -
            
            
            -
            
            
            
            
            
            
            
            
            -Net
                loss for the period
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (638,908
            )
            
            
            
            
            (638,908
            )Balance,
                June 30, 2006
            
            
            1,200
            
            $
            1
            
            
            328,956,826
            
            $
            328,957
            
            $
            6,699,317
            
            
            ($7,330,802
            )
            $
            94,492
            
            
            ($208,036
            )







See
      accompanying notes to condensed consolidated
      financial statements




4


**Clickable
      Enterprises, Inc. And Subsidiary**


**Notes
      To Condensed Consolidated Financial Statements**


**As
      Of June 30, 2006**


**(Unaudited)**


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





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





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





**(B)
      Principles Of Consolidation**





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





**(C)
      Use Of Estimates**





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





**(D)
      Loss Per Share**





Basic
      and
      diluted net loss per common share for the three months ended June 30, 2006
      and
      2005 are computed based upon the weighted-average number of common shares
      outstanding. The assumed conversion of common stock equivalents was not included
      in the computation of diluted loss per share because the assumed conversion
      and
      exercise would be anti-dilutive due to net losses incurred in all periods
      presented. Based on the closing market price of the Company’s common stock on
      June 30, 2006, the conversion of its convertible debentures and Series A
      convertible preferred stock would have resulted in the issuance of additional
      common shares in the amount of 432,452,867 and 141,176,471, respectively.
      Additionally, 17,000,000 and 10,500,000 stock purchase warrants were exercisable
      at June 30, 2006 and June 30, 2005, respectively, and also were not included
      in
      the weighted-average number of common shares outstanding.




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





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





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





During
      the three months ended June 30, 2006, the Company's due from (due to) related
      parties for oil purchases and interest bearing cash advances to/from NRG Heat
      & Power, LLC (“NRG”) and Flaw, Inc. (“Flaw”), oil suppliers that are owned
      and managed by Messrs. Cirillo and Pipolo, officers of the Company, changed
      by
      $6,065, with a balance of $22,030 included in due to related parties in current
      assets on June 30, 2006 compared to a balance of $15,965 included in due from
      related parties in current liabilities on March 31, 2006. As of June 30, 2006,
      accrued interest due to/from related parties was $0.





During
      the three months ended June 30, 2006 and 2005, the Company purchased oil for
      resale from NRG and Flaw in the amount of $93,528 and $147,312, respectively,
      or
      11.3% and 39.6%, respectively, of total heating oil purchased, and had fuel
      sales to NRG and Flaw in the amount of $5,720 and $4,637, respectively.


5


**Clickable
      Enterprises, Inc. And Subsidiary**


**Notes
      To Condensed Consolidated Financial Statements**


**As
      Of June 30, 2006**


**(Unaudited)**





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


The
        Company has issued secured convertible debentures, and issued stock purchase
        warrants, in connection with a number of financing transactions. Each of
        these
        issuances resulted in debt discount and a beneficial conversion feature.
        Debt
        discount on the debentures has been accreted through the term of each issue
        from
        date of issuance in accordance with EITF
        00-27:  Application of Issue
        No.
        98-5 ,
        "Accounting for Convertible Securities with Beneficial Conversion Features
        or
        Contingently Adjustable Conversion Ratios to Certain Convertible
        Instruments”.  In
        December, 2005, the SEC adopted an interpretation of EITF 00-19, “Accounting for
        Derivative Financial Instruments to, and Potentially Settled in, a Company’s Own
        Stock.” The SEC’s interpretation of EITF 00-19 will affect our accounting for
        our convertible debentures and related warrants. This will affect our reported
        expenses, increasing expenses in some periods and decreasing expenses in
        others.
        Depending on the materiality of this affect, this interpretation of EITF
        00-19
        may require restatement of our financial statements for the current quarter
        and
        the prior 3 years. We have not completed our evaluation and determination
        of the
        affect of EITF 00-19 on our reported financial statements. During
        the three months ended June 30, 2006, $161,310 has been charged to interest
        expense, without taking into account the effect of the SEC’s interpretation of
        EITF 00-19.




As
      of
      June 30, 2006, interest of $684,711 has accrued on all of the convertible
      debentures and is included in current liabilities.





During
      the three months ended June 30, 2006, convertible debentures in the principal
      amount of $767,404 were converted into 89,000,000 shares of common stock at
      the
      election of the holders.





**NOTE
      4.**  **COMMITMENTS
      AND CONTINGENCIES**





(A)
      Sales
      Commitments





At
      June
      30, 2006, the Company has an aggregate obligation to deliver at varying prices
      approximately 300,000 gallons of heating oil to customers under fixed price
      contracts.





(B)
      Purchase Commitments





At
      June
      30, 2006, the Company has an aggregate obligation to purchase approximately
      260,000 gallons of heating oil at varying prices under fixed price
      contracts.





**NOTE
      5.**  **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 $638,908 and a negative cash flow from operations of $511,807
      for
      the three months ended June 30, 2006, as well a stockholders' deficiency of
      $208,036 at June 30, 2006. The ability of the Company to continue as a going
      concern is dependent on the Company's ability to raise additional capital
      through private or public transactions and implement its business plan. The
      accompanying consolidated financial statements do not include any adjustments
      that might be necessary if the Company is unable to continue as a going concern.
      Management's business plan includes increasing revenues by the addition of
      customers through marketing and advertising as well as acquisitions of
      competitors’ businesses. ****





6


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





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




**STATEMENT
        REGARDING POTENTIAL EFFECT OF EITF 00-19**
  As
        stated
        in Note 3 to our financial statements contained in this Report, the Company
        has
        historically accounted for the debt discount and beneficial conversion feature
        arising from its convertible debentures and related warrants by accreting
        any
        debt discount on the debentures over the term of each issue from date of
        issuance in accordance with EITF
        00-27 and Application of Issue
        No.
        98-5 ,
        "Accounting for Convertible Securities with Beneficial Conversion Features
        or
        Contingently Adjustable Conversion Ratios to Certain Convertible Instruments.”
In December, 2005, the SEC adopted an interpretation of EITF 00-19, “Accounting
        for Derivative Financial Instruments to, and Potentially Settled in, a Company’s
        Own Stock.” The SEC’s interpretation of EITF 00-19 will affect our accounting
        for our convertible debentures and related warrants. This will impact our
        reported expenses, increasing expenses in some periods and decreasing expenses
        in others. Depending on the materiality of this effect, this interpretation
        of
        EITF 00-19 may require restatement of our financial statements for the current
        quarter and the prior 3 years. We have not completed our evaluation and
        determination of the effect of EITF 00-19 on our reported financial
        statements.
 
 Our
        Condensed Consolidated Statements of Operations contained in this Report,
        including for the period ended June 30, 2006, do not include any adjustments
        for
        the effect of the SEC’s interpretation of EITF 00-19. If we determine the effect
        is material, it is likely we will be required to restate our losses for these
        periods.
 
 In
        addition, as noted in our Current Report on Form 8-K dated June 29, 2006,
        our
        former auditors advised us that our filed Annual Report on Form 10-KSB for
        the
        fiscal year ended March 31, 2006, does not comply with the requirements of
        Item
        310 of Regulation S-B because the Company did not seek the former accountant’s
        consent or updated opinion with respect thereto. We will not receive our
        former
        accountant’s consent or updated opinion until we complete our evaluation of the
        SEC’s interpretation of EITF 00-19 and prepare any required restatements.
        Therefore, the March 31, 2006 balance sheet contained in this report should
        not
        be deemed “audited” and will likely require restatement due to the effect on
        accumulated deficit caused by the change in our reported losses which will
        be
        required due to the interpretation of EITF 00-19.


**FINANCIAL
      CONDITION**





We
      had
      net losses of $638,908 and $306,415 during the three months ended June 30,
      2006
      and 2005, respectively. As of June 30, 2006, we had a cash balance of $457,489
      and current liabilities of $993,604 with obligations aggregating $179,209 for
      trade creditors and accrued expenses, $684,711 in interest payable, $40,173
      in a
      note payable, as well as total long-term obligations in the amount of $2,550,065
      to convertible debenture holders and others. We believe that our available
      cash
      will be sufficient for the next twelve-month period to meet our working capital
      needs, including funds needed to (a) attract additional customers through
      marketing and promotional efforts or (b) acquire customer lists.





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





**RELATED
      PARTY TRANSACTIONS**





During
      the three months ended June 30, 2006, the Company's due from (due to) related
      parties for oil purchases and interest bearing cash advances to/from NRG Heat
      & Power, LLC (“NRG”) and Flaw, Inc. (“Flaw”), oil suppliers that are owned
      and managed by Messrs. Cirillo and Pipolo, officers of the Company, changed
      by
      $6,065, with a balance of $22,030 included in due to related parties in current
      assets on June 30, 2006 compared to a balance of $15,965 included in due from
      related parties in current liabilities on March 31, 2006. As of June 30, 2006,
      accrued interest due to/from related parties was $0.





During
      the three months ended June 30, 2006 and 2005, the Company purchased oil for
      resale from NRG and Flaw in the amount of $93,528 and $147,312, respectively,
      or
      11.3% and 39.6%, respectively, of total heating oil purchased, and had fuel
      sales to NRG and Flaw in the amount of $5,720 and $4,637, respectively.





**COMPARISON
      OF THE THREE MONTHS ENDED JUNE 30, 2006 TO THE THREE MONTHS ENDED JUNE 30,
      2005**





**Overall
      Results Of Operations**





For
      the
      three months ended June 30, 2006, we incurred a net loss of $638,908, an
      increase of $332,493 from the net loss of $306,415 for the comparable prior
      year
      period. The net loss for the three months ended June 30, 2006 and June 30,
      2005
      included non-cash charges of $161,310 and $0, respectively, for debt discount
      amortization expense, and $54,603 and $0, respectively, for amortization of
      stock issued to consultants as deferred compensation. The increase in net loss
      is primarily attributable to an increase in selling, general and administrative
      expenses and the increase in non-cash charges.





**Sales**





Total
      net
      sales for the three months ended June 30, 2006 were $969,878 compared to
      $406,886 for the three months ended June 30, 2005. The increase of $562,992,
      or
      138.4%, can be attributed to a substantial increase in the average selling
      price
      per gallon of heating oil to $2.35 from $1.76, or 33.8%, caused by world market
      conditions, and a 78.2% increase in gallons sold in the current period compared
      to the earlier period. The increase in gallons sold is attributable to a larger
      customer base that increased through acquisitions of other businesses,
      principally customer lists, that closed in the preceding fiscal years, as well
      as through marketing activities.


7





**Gross
      Profit**





Gross
      profit increased to $18,987 for the three months ended June 30, 2006 compared
      to
      $16,174 for the three months ended June 30, 2005, or $2,813, with gross margin
      decreasing to 2.0% from 4.0% for the period. The decrease was attributable
      to an
      increase in trucking and other transportation costs. Margins are lower than
      historical levels and are principally due to the continued increase in product
      costs caused by world market conditions and rising transportation expenses.
      Heating oil retailers generally cannot raise selling prices as quickly as
      product costs increase in a rising market; conversely, selling prices generally
      do not fall as quickly as product costs decrease in a falling market. In the
      recent trend toward high prices that has occurred for the past eighteen months,
      fewer customers elected fixed price contracts. Such contracts allow the related
      purchase requirements to be hedged and, therefore, typically generate greater
      gross margins than selling and purchasing on the spot market allow. As prices
      decrease to more traditional levels, or stabilize, it is anticipated that
      customers will generally elect fixed price contracts in greater
      proportions.





**Operating
      Expenses**





Total
        operating expenses increased to $447,967 for the three months ended June
        30,
        2006, from $275,789 for the three months ended June 30, 2005, or $172,178,
        primarily attributable to increased employee compensation of $47,270, increased
        insurance of $14,253, increase in bad debt of $23,379, increased professional
        fees of $36,000, an increase of $22,215 in amortization costs and increase
        in
        advertising of $13,766.





Other
      Income (Expense)





Interest
      expense increased to $219,801 from $49,974 for the three months ended June
      30,
      2006 as compared with the three months ended June 30, 2005, or $169,827, due
      principally to an increase in the debt discount expense to $161,310 from $0.





**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
      June 30, 2006, we had a cash balance of $457,489 and a negative cash flow from
      operations of $511,807 for the three month period then ended. Since inception
      through the period ended June 30, 2006, we have financed our operations through
      private placements of both debt and equity, as well as loans from related
      parties. Most recently, on March 21, 2006, the Company entered in a Securities
      Purchase Agreement for the sale of $1,000,000 of three-year secured convertible
      debentures and closed on the sale of convertible debentures of that amount,
      before expenses, on March 22, 2006. We believe that our cash balance at June
      30,
      2006 will be sufficient for the next twelve-month period to meet our working
      capital needs, including funds needed to (a) attract additional customers
      through marketing and promotional efforts or (b) acquire customer lists.





The
      holders of Series A Preferred Stock are entitled to receive cumulative cash
      dividends of six percent (6%) per annum, payable in arrears on March 31, June
      30, September 30 and December 31 of each year, commencing December 31, 2004,
      out
      of funds legally available thereof. As of June 30, 2006, dividend arrearage
      on
      the Series A Preferred Stock aggregated approximately $124,000. The Company
      had
      a stockholders’ deficiency of $208,036 at June 30, 2006; accordingly it did not
      have legally available funds available to declare and pay a dividend. Other
      provisions relating to the Series A Preferred Stock include:





8





The
      notes
      to our condensed consolidated financial statements as of June 30, 2006 contain
      footnote disclosure regarding an uncertainty with respect to our ability to
      continue as a going concern. We have not generated sufficient revenues to cover
      our expenses, and we have an accumulated deficit of $7,330,802. 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 June 30, 2006, we had $993,604 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 $3,543,670 as
      of
      June 30, 2006. These contractual obligations, along with the dates on which
      such
      payments are due, are described below:




****Contractual
                  Obligations**(as of June 30, 2006)****Total**
              
              **1
                  Year or Less**
              
              **More
                  Than 1 Year**Convertible
                  Debentures
              
              $
              2,479,000
              
              $
              --
              
              $
              2,479,000Accounts
                  Payable and AccruedExpenses
              
              
              179,000
              
              
              179,000
              
              
              --Note
                  Payable
              
              
              96,000
              
              
              40,000
              
              
              56,000Accrued
                  Interest
              
              
              685,000
              
              
              685,000
              
              
              --Other
              
              
              105,000
              
              
              90,000
              
              
              15,000**Total
                  Contractual Obligations**
              
              $
              **3,544,000**
              
              **$**
              **994,000**
              
              **$**
              **2,621,000**







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 three months ended June
      30, 2006 and 2005.





**Net
      Cash Used In Operating Activities**





Net
      cash
      used in operating activities was $511,807 and $302,807 in the three months
      ended
      June 30, 2006 and 2005, respectively. The use of cash in operating activities
      for the three months ended June 30, 2006 was principally the result of a net
      loss of $638,908 and seasonable decreases in accounts payable of $394,106 as
      heating purchasing decreased with end of colder weather, partially offset by
      a
      seasonable decrease in accounts receivable of $232,165, non-cash charges of
      $297,418 and an increase in accrued interest of $55,475. The use of cash in
      operating activities for the three months ended June 30, 2005 was principally
      the result of a net loss of $306,415 and the seasonable decrease in accounts
      payable of $270,803, partially offset by seasonable decrease in accounts
      receivable of $164,440, and an increase in accrued interest of $49,737.





**Net
      Cash Used In Investing Activities**





We
      used
      $17,108 during the three months ended June 30, 2006 for the acquisition of
      other
      assets and $0 and $4,170 during the three months ended June 30, 2006 and 2005,
      respectively, for the acquisition of property and equipment.





**Net
      Cash Provided By Financing Activities**





Net
      cash
      provided by financing activities for the three months ended June 30, 2006
      amounted to $(15,499), attributable to a decrease in an acquisition-related
      note
      payable and an increase in due from related parties. Net cash provided by
      financing activities for the three months ended June 30, 2005 was $517,622,
      principally from the proceeds from the issuance of $650,000 of convertible
      debentures (net of prepaid interest withheld), offset by transaction costs
      of
      $75,000.





**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.*


9





For
      the
      three months ended June 30, 2006 and 2004, we had net losses of $636,90800
      and
      $306,4215, respectively. For the fiscal years ended March 31, 2006 and 2005,
      we
      had net losses of $2,223,302 and $1,254,402, 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 June 13,
      2006
      on our consolidated financial statements for the fiscal year ended March 31,
      2006, our independent auditors have expressed doubt about our ability to
      continue as a going concern. Our ability to continue as a going concern is
      a
      result of recurring losses from operations, a stockholders' deficit, and
      requirement for a significant amount of capital financing to proceed with our
      business plan. Our ability to continue as a going concern is subject to our
      ability to generate a profit and/or obtain necessary funding from outside
      sources, including obtaining additional funding from the sale of our securities,
      increasing sales or obtaining loans where possible. The going concern
      qualification in the auditor's report increases the difficulty in meeting such
      goals and there can be no assurances that such methods will prove successful.





*WE
      HAVE A CASH BALANCE ON JUNE 30, 2005 LESS THAN OUR CURRENT LIABILITIES ON THAT
      DATE.*





We
      had a
      cash balance of $457,489 at June 30, 2006, which was less than our current
      liabilities of $993,604by $536,116. Accordingly, our cash position was such
      that
      on June 30, 2006, it was not sufficient to satisfy all of our current
      liabilities on that date.





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





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





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





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




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





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





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




·
            we
                may be viewed as a high market
                risk.





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





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





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


10





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





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





As
        of
        August 14, 2006, we had 383,564,587 shares
        of common stock issued and outstanding, outstanding convertible debentures
        and
        shares of convertible preferred stock that may be converted into an estimated
        573,629,337 shares of common stock at current market prices, and outstanding
        warrants to purchase up to 17,000,000 shares of common stock. In addition,
        the
        number of shares of common stock issuable upon conversion of the outstanding
        convertible debentures may increase if the market price of our stock declines.
        The sale of these shares may adversely affect the market price of our common
        stock.





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





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





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





**Percentage
                  Below Market**
              **Price
                  Per Share**
              **Number
                  of Shares Issuable**
              **Percentage
                  of Outstanding Shares**25%
              $
                  0.0075
              781,839,116
              78%50%
              $
                  0.0050
              1,147,258,675
              84%75%
              $
                  0.0025
              2,294,517,349
              91%





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.*


11





We
      entered into Securities Purchase Agreements for the sale of an aggregate of
      $2,700,000 of convertible debentures in fiscal years 2004, 2005 and 2006 and
      assumed $1,717,949 of convertible debentures in the merger and recapitalization
      transaction with ClickableOil.com, Inc. that, less an aggregate reduction of
      $1,939,000 through June 30, 2006 due to conversions into shares of our common
      stock, are due and payable, with interest, on dates ranging from October 15,
      2007 through March 22, 2009. Unless sooner converted into shares of our common
      stock, we are required to repay the convertible debentures. To do so, we would
      be required to use our working capital, if any at that time, and/or raise
      additional funds. If we were unable to repay the debentures when required,
      the
      debenture holders could commence legal action against us to recover the amounts
      due. Any such action may require us to curtail or cease operations.





*RISKS
      RELATING TO OUR COMMON STOCK:*





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





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





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





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





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





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





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





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





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





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





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





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


12





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 June 30, 2006, the
      Company’s disclosure controls and procedures were effective to ensure that
      information required to be disclosed by the Company in reports that it files
      or
      submits under the Securities Exchange Act of 1934, as amended, is recorded,
      processed, summarized and reported within the time periods specified in SEC
      rules and forms. It should be noted that the design of any system of controls
      is
      based in part upon certain assumptions about the likelihood of future events,
      and there can be no assurance that any design will succeed in achieving its
      stated goals under all potential future conditions, regardless of how remote.





**(B)
      Changes In Internal Controls**





During
      the three months ended June 30, 2006, there were no significant changes in
      the
      Company’s internal control over financial reporting that have materially
      affected, or are reasonably likely to materially affect, the Company’s internal
      control over financial reporting.




13


**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 June 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 June 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).


14





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 June 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 June 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 June 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 June 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
                June 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
                June 21, 2002).4.13
            Security
                Agreement among the Company and the Subsequent Purchasers (Incorporated
                by
                reference to our Registration Statement on SB-2 filed June 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 June 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
            Security
                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).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.




15


**S** **ignatures**





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





**Clickable
      Enterprises, Inc.**





*By:
                /s/Nicholas Cirillo, Jr.*
              *------------------------*
              *Name:
                Nicholas Cirillo, Jr.*
              *Title:
                President (Principal Executive Officer)*
              
              *Date:
                August 30, 2006*
              
              *By:
                /s/Guy Pipolo*
              *------------------------*
              *Name:
                Guy Pipolo*
              *Title:
                Chief Financial Officer (Principal Accounting Officer)*
              
              *Date:**August
                30, 2006*




16