----

|   | x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---|-----------------------------------------------------------------------------------------|

|   |  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|--------|------------------------------------------------------------------------------------------|

| NEVADA                                                                              |   | 20-8753132                                 |
|-------------------------------------------------------------------------------------|--------|--------------------------------------------|
| (State or Other JurisdictionIncorporation or Organization) |   | (IRS EmployerIdentification No.) |

| Large Accelerated filer  ̈ | Accelerated filer  ̈    |
|--------------------------------|-----------------------------|
| Non-accelerated filer  ̈   | Smaller reporting company x |

----

|       |                                                                                                                                                                             | Page   |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|       |                                                                                                                                                                             |   |
| PART I     | FINANCIAL INFORMATION                                                                                                                                                            | 4      |
|       |                                                                                                                                                                             |   |
| Item 1     | Condensed Balance Sheets at August 31, 2011 (unaudited) and February 28, 2011                                                                                                    | 4      |
|       |                                                                                                                                                                             |   |
|       | Condensed Statements of Operations for the three and six months ended August 31, 2011 and 2010 and for the period from March 28, 2007 (inception) to August 31, 2011 (unaudited) | 5      |
|       |                                                                                                                                                                             |   |
|       | Condensed Statement of Stockholders’ Deficit for the period from March 28, 2007 (inception) to August 31, 2011 (unaudited)                                            | 6      |
|       |                                                                                                                                                                             |   |
|       | Condensed Statements of Cash Flows for the six months ended August 31, 2011 and 2010 and for the period from March 28, 2007 (inception) to August 31, 2011 (unaudited)           | 7      |
|       |                                                                                                                                                                             |   |
|       | Notes to Condensed Financial Statements (unaudited)                                                                                                                              | 8      |
|       |                                                                                                                                                                             |   |
| Item 2     | Management’s Discussion and Analysis or Plan of Operation                                                                                                                  | 10     |
|       |                                                                                                                                                                             |   |
| Item 3     | Quantitative and Qualitative Disclosures About Market Risk                                                                                                                       | 12     |
|       |                                                                                                                                                                             |   |
| Item 4     | Controls and Procedures                                                                                                                                                          | 12     |
|       |                                                                                                                                                                             |   |
| PART II    | Other Information                                                                                                                                                                |   |
|       |                                                                                                                                                                             |   |
| Item 1     | Legal Proceedings                                                                                                                                                                | 13     |
|       |                                                                                                                                                                             |   |
| Item 1 A.  | Risk Factors                                                                                                                                                                     | 13     |
|       |                                                                                                                                                                             |   |
| Item 2     | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                      | 15     |
|       |                                                                                                                                                                             |   |
| Item 3     | Defaults Upon Senior Securities                                                                                                                                                  | 15     |
|       |                                                                                                                                                                             |   |
| Item 4     | Reserved                                                                                                                                                                         | 15     |
|       |                                                                                                                                                                             |   |
| Item 5     | Other Information                                                                                                                                                                | 15     |
|       |                                                                                                                                                                             |   |
| Item 6     | Exhibits                                                                                                                                                                         | 15     |
|       |                                                                                                                                                                             |   |
| Signatures | 16                                                                                                                                                                               |

----

----

|                                                                                                                                                                     |   | August 31, |     |   | February 28, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|----------|--------|-------------------|--------|
|                                                                                                                                                                     |   | 2011            |     |   | 2011              |   |
|                                                                                                                                                                     |   | (Unaudited)     |     |   |              |   |
| Assets                                                                                                                                                                   |   |            |     |   |              |   |
|                                                                                                                                                                     |   |            |     |   |              |   |
| Current assets:                                                                                                                                                          |   |            |     |   |              |   |
| Cash                                                                                                                                                                     |   | $               | -        |   |              | $      | - |   |
|                                                                                                                                                                     |   |            |     |   |              |   |   |   |
| Total current assets                                                                                                                                                     |   |            | -        |   |              |   | - |   |
|                                                                                                                                                                     |   |            |     |   |              |   |   |   |
| Total assets                                                                                                                                                             |   | $               | -        |   |              | $      | - |   |
|                                                                                                                                                                     |   |            |     |   |              |   |   |   |
| Liabilities and stockholders' deficit                                                                                                                                    |   |            |     |   |              |   |   |   |
|                                                                                                                                                                     |   |            |     |   |              |   |   |   |
| Current liabilities:                                                                                                                                                     |   |            |     |   |              |   |   |   |
| Accounts payable and accrued expenses                                                                                                                                    |   | $               | 153,048  |   |              | $      | 130,184 |   |
| Due to stockholder                                                                                                                                                       |   |            | 157,590  |   |              |   | 145,090 |   |
|                                                                                                                                                                     |   |            |     |   |              |   |   |   |
| Total current liabilities                                                                                                                                                |   |            | 310,638  |   |              |   | 275,274 |   |
|                                                                                                                                                                     |   |            |     |   |              |   |   |   |
| Stockholders' deficit:                                                                                                                                                   |   |            |     |   |              |   |   |   |
|                                                                                                                                                                     |   |            |     |   |              |   |   |   |
| Preferred stock, par value $.0001 per share; 10,000,000 shares authorized, no shares issued and outstanding                                                              |   |            | -        |   |              |   | - |   |
| Common stock, par value $.0001 per share; 150,000,000 shares authorized, 494,405 shares issued and outstanding as of August 31, 2011 and February 28, 2011, respectively |   |            | 49       |   |              |   | 49 |   |
| Additional paid-in capital                                                                                                                                               |   |            | 413,621  |   |              |   | 413,621 |   |
| Deficit accumulated during the development stage                                                                                                                         |   |            | (724,308 | )      |              |   | (688,944 | ) |
|                                                                                                                                                                     |   |            |     |   |              |   |   |   |
| Total stockholders' deficit                                                                                                                                              |   |            | (310,638 | )      |              |   | (275,274 | ) |
|                                                                                                                                                                     |   |            |     |   |              |   |   |   |
| Total liabilities and stockholders' deficit                                                                                                                              |   | $               | -        |   |              | $      | - |   |

----

|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   | Period from         |    |
|----------------------------------------------------------------------|--------|-------------------|---------|--------|-------------------|--------|---------|-----------------|--------|--------|-----------------|--------|--------|--------------------------|---------|
|                                                            |   | Three Months |    |   | Three Months |   |    | Six Months |   |   | Six Months |   |   | March 28, 2007 |    |
|                                                            |   | Ended             |    |   | Ended             |   |    | Ended           |   |   | Ended           |   |   | (Inception) to      |    |
|                                                            |   | August 31,   |    |   | August 31,   |   |    | August 31, |   |   | August 31, |   |   | August 31,          |    |
|                                                                 |   | 2011              |    |   | 2010              |   |    | 2011            |   |   | 2010            |   |   | 2011                     |    |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |
| Revenue                                                              |   | $                 | -       |   |              | $      | -       |            |   | $      | -               |   |   | $                        | -       |   |   | $ | - |   |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| Expenses:                                                            |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| General and administrative expenses                                  |   |              | 16,502  |   |              |   | 17,362  |            |   |   | 35,364          |   |   |                     | 51,641  |   |   |   | 246,826 |   |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| Total expense                                                        |   |              | 16,502  |   |              |   | 17,362  |            |   |   | 35,364          |   |   |                     | 51,641  |   |   |   | 246,826 |   |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| Loss from continuing operations                                      |   |              | (16,502 | )      |              |   | (17,362 | )               |   |   | (35,364         | )      |   |                     | (51,641 | ) |   |   | (246,826 | ) |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| Loss from discontinued operations, net of tax                        |   |              | -       |   |              |   | -       |            |   |   | -               |   |   |                     | -       |   |   |   | (356,457 | ) |
| Loss on disposition of assets of discontinued operations, net of tax |   |              | -       |   |              |   | -       |            |   |   | -               |   |   |                     | -       |   |   |   | (121,025 | ) |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| Total loss from discontinued operations                              |   |              | -       |   |              |   | -       |            |   |   | -               |   |   |                     | -       |   |   |   | (477,482 | ) |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| Loss before income taxes                                             |   |              | (16,502 | )      |              |   | (17,362 | )               |   |   | (35,364         | )      |   |                     | (51,641 | ) |   |   | (724,308 | ) |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| Provision for income taxes                                           |   |              | -       |   |              |   | -       |            |   |   | -               |   |   |                     | -       |   |   |   | - |   |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| Net loss                                                             |   | $                 | (16,502 | )      |              | $      | (17,362 | )               |   | $      | (35,364         | )      |   | $                        | (51,641 | ) |   | $ | (724,308 | ) |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| Net loss per common share, basic and diluted                         |   | $                 | (0.03   | )      |              | $      | (0.04   | )               |   | $      | (0.07           | )      |   | $                        | (0.10   | ) |   |   |   |   |
|                                                                 |   |              |    |   |              |   |    |            |   |   |            |   |   |                     |    |   |   |   |   |   |
| Weighted average shares outstanding, basic and diluted               |   |              | 494,405 |   |              |   | 494,405 |            |   |   | 494,405         |   |   |                     | 494,405 |   |   |   |   |   |

----

|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |
|------------------------------------------------------------------------------------------------------|--------|-------------------|---------|--------|---------|--------|--------|-------------|--------|--------|-----------------|--------|--------|---------|----------|
|                                                                                                 |   |              |    |   |    |   |   |        |   |   | Deficit         |   |   |    |     |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   | Accumulated     |   |   |    |     |
|                                                                                                 |   |              |    |   |    |   |   | Additional  |   |   | During the |   |   |    |     |
|                                                                                                 |   | Common Stock |    |   | Paid-in |   |   | Development |   |   | Stockholders'   |   |
|                                                                                                 |   | Shares            |    |   | Amount  |   |   | Capital     |   |   | Stage           |   |   | Deficit |     |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |
| Common stock issued for patent and cash at $0.18 per share                                           |   |              | 310,005 |   |    | $      | 31     |        |   | $      | 56,139          |   |   | $       | -        |   |   | $ | 56,170 |   |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Common stock sold for cash at $1.00 per share                                                        |   |              | 10,000  |   |    |   | 1      |        |   |   | 9,999           |   |   |    | -        |   |   |   | 10,000 |   |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Common stock issued for professional services at $0.10 per share                                     |   |              | 85,000  |   |    |   | 9      |        |   |   | 8,491           |   |   |    | -        |   |   |   | 8,500 |   |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Common stock sold for cash at $2.00 per share                                                        |   |              | 61,500  |   |    |   | 6      |        |   |   | 122,994         |   |   |    | -        |   |   |   | 123,000 |   |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Common stock issued for professional services at $0.10 per share cancelled by the board of directors |   |              | (35,000 | )      |    |   | (4     | )           |   |   | (3,496          | )      |   |    | -        |   |   |   | (3,500 | ) |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Common stock issued in exchange for equity investment                                                |   |              | 60,000  |   |    |   | 6      |        |   |   | 179,994         |   |   |    | -        |   |   |   | 180,000 |   |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Net loss                                                                                             |   |              | -       |   |    |   | -      |        |   |   | -               |   |   |    | (115,330 | ) |   |   | (115,330 | ) |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Balance, February 29, 2008                                                                           |   |              | 491,505 |   |    |   | 49     |        |   |   | 374,121         |   |   |    | (115,330 | ) |   |   | 258,840 |   |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Common stock issued for professional services at $15.00 per share                                    |   |              | 2,500   |   |    |   | -      |        |   |   | 37,500          |   |   |    | -        |   |   |   | 37,500 |   |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Common stock sold for cash at $5.00 per share                                                        |   |              | 400     |   |    |   | -      |        |   |   | 2,000           |   |   |    | -        |   |   |   | 2,000 |   |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Net loss                                                                                             |   |              | -       |   |    |   | -      |        |   |   | -               |   |   |    | (378,832 | ) |   |   | (378,832 | ) |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Balance, February 28, 2009                                                                           |   |              | 494,405 |   |    |   | 49     |        |   |   | 413,621         |   |   |    | (494,162 | ) |   |   | (80,492 | ) |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Net loss                                                                                             |   |              | -       |   |    |   | -      |        |   |   | -               |   |   |    | (93,246  | ) |   |   | (93,246 | ) |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Balance, February 28, 2010                                                                           |   |              | 494,405 |   |    |   | 49     |        |   |   | 413,621         |   |   |    | (587,408 | ) |   |   | (173,738 | ) |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Net loss                                                                                             |   |              | -       |   |    |   | -      |        |   |   | -               |   |   |    | (101,536 | ) |   |   | (101,536 | ) |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Balance, February 28, 2011                                                                           |   |              | 494,405 |   |    |   | 49     |        |   |   | 413,621         |   |   |    | (688,944 | ) |   |   | (275,274 | ) |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Net loss                                                                                             |   |              | -       |   |    |   | -      |        |   |   | -               |   |   |    | (35,364  | ) |   |   | (35,364 | ) |
|                                                                                                 |   |              |    |   |    |   |   |        |   |   |            |   |   |    |     |   |   |   |   |   |
| Balance, August 31, 2011                                                                             |   |              | 494,405 |   |    | $      | 49     |        |   | $      | 413,621         |   |   | $       | (724,308 | ) |   | $ | (310,638 | ) |

----

|                                                                        |   |            |    |   |            |   |    | Period from         |   |
|-----------------------------------------------------------------------------|--------|-----------------|---------|--------|-----------------|--------|---------|--------------------------|--------|
|                                                                        |   | Six Months |    |   | Six Months |   |    | March 28, 2007 |   |
|                                                                        |   | Ended           |    |   | Ended           |   |    | (Inception) to      |   |
|                                                                        |   | August 31, |    |   | August 31, |   |    | August 31,          |   |
|                                                                        |   | 2011            |    |   | 2010            |   |    | 2011                     |   |
|                                                                        |   |            |    |   |            |   |    |                     |   |
| Cash flows from operating activities:                                       |   |            |    |   |            |   |    |                     |   |
| Net loss                                                                    |   | $               | (35,364 | )      |            | $      | (51,641 | )                        |   | $ | (724,308 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |            |    |   |            |   |    |                     |   |   |   |   |
| Issuance of equity investments for services                                 |   |            | -       |   |            |   | -       |                     |   |   | 180,000 |   |
| Expenses paid by stockholder                                                |   |            | 12,500  |   |            |   | 24,341  |                     |   |   | 116,065 |   |
| Common stock issued for professional services                               |   |            | -       |   |            |   | -       |                     |   |   | 42,500 |   |
| Loss on disposition of assets                                               |   |            | -       |   |            |   | -       |                     |   |   | 121,025 |   |
| Changes in operating assets and liabilities:                                |   |            |    |   |            |   |    |                     |   |   |   |   |
| Increase in accrued expenses                                                |   |            | 22,864  |   |            |   | 27,300  |                     |   |   | 156,048 |   |
|                                                                        |   |            |    |   |            |   |    |                     |   |   |   |   |
| Net cash used in operating activities                                       |   |            | -       |   |            |   | -       |                     |   |   | (108,670 | ) |
|                                                                        |   |            |    |   |            |   |    |                     |   |   |   |   |
| Cash flows from investing activities:                                       |   |            |    |   |            |   |    |                     |   |   |   |   |
| Purchase of equipment under construction                                    |   |            | -       |   |            |   | -       |                     |   |   | (13,104 | ) |
| Purchase of intangible assets                                               |   |            | -       |   |            |   | -       |                     |   |   | (14,853 | ) |
|                                                                        |   |            |    |   |            |   |    |                     |   |   |   |   |
| Net cash used in investing activities                                       |   |            | -       |   |            |   | -       |                     |   |   | (27,957 | ) |
|                                                                        |   |            |    |   |            |   |    |                     |   |   |   |   |
| Cash flows from financing activities:                                       |   |            |    |   |            |   |    |                     |   |   |   |   |
| Repayment to officer, net                                                   |   |            | -       |   |            |   | -       |                     |   |   | (3,083 | ) |
| Advances from shareholder                                                   |   |            | -       |   |            |   | -       |                     |   |   | 4,510 |   |
| Proceed from the sale of common stock                                       |   |            | -       |   |            |   | -       |                     |   |   | 135,200 |   |
|                                                                        |   |            |    |   |            |   |    |                     |   |   |   |   |
| Net cash provided by financing activities                                   |   |            | -       |   |            |   | -       |                     |   |   | 136,627 |   |
|                                                                        |   |            |    |   |            |   |    |                     |   |   |   |   |
| Net decrease in cash                                                        |   |            | -       |   |            |   | -       |                     |   |   | - |   |
| Cash, beginning of period                                                   |   |            | -       |   |            |   | -       |                     |   |   | - |   |
| Cash, end of period                                                         |   | $               | -       |   |            | $      | -       |                     |   | $ | - |   |
|                                                                        |   |            |    |   |            |   |    |                     |   |   |   |   |
| Non-Cash Financing Activities:                                              |   |            |    |   |            |   |    |                     |   |   |   |   |
|                                                                        |   |            |    |   |            |   |    |                     |   |   |   |   |
| Transfer of assets in settlement of debt to officer                         |   | $               | -       |   |            | $      | -       |                     |   | $ | 135,000 |   |
| Officer loan assigned to stockholder                                        |   |            | -       |   |            |   | -       |                     |   |   | 49,100 |   |
| Common stock issued for patent                                              |   |            | -       |   |            |   | -       |                     |   |   | 55,970 |   |
| Equipment under construction paid for by officer                            |   |            | -       |   |            |   | -       |                     |   |   | 171,081 |   |
| Prepaid insurance paid by officer                                           |   |            | -       |   |            |   | -       |                     |   |   | 1,896 |   |
| Trademark application paid by officer                                       |   |            | -       |   |            |   | -       |                     |   |   | 1,025 |   |
| Issuance of equity investments for services                                 |   |            | -       |   |            |   | -       |                     |   |   | 180,000 |   |
| Common stock issued for equity investments                                  |   |            | -       |   |            |   | -       |                     |   |   | 180,000 |   |

----

----

| 1. | To effect a reverse split of the Company's issued and outstanding common stock in a ratio of one new share for every ten shares issued and outstanding; and |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | To amend and restate the Company's Articles of Incorporation to authorize an increase of our authorized shares to 160,000,000 shares, consisting of: (i) 150,000,000 shares of common stock; and (ii) 10,000,000 shares of blank check preferred stock. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 31.1 | Certification of the Chief Executive and the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification of the Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|--------|------|-------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification of the Chief Executive and the Chief Financial Officer pursuant to 18 U.S.C. Section 1350 |
|--------|------|---------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification of the Principal Accounting Officer pursuant to 18 U.S.C. Section 1350 |
|--------|------|--------------------------------------------------------------------------------------|

----

|                   | PHOTOVOLTAIC SOLAR CELLS, INC. |
|------------------------|--------------------------------|
|                   |                           |   |
| Dated October 17, 2011 | By:                            | /S/ Harvey Judkowitz |
|                   |                           | Harvey Judkowitz, Chief Executive Officer and PrincipalAccounting Officer |

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