| Colorado                 | 20-5572519                           |
|--------------------------|--------------------------------------|
| (State of incorporation) | (I.R.S. Employer Identification No.) |

|                                                                                     |                                           |
|------------------------------------------------------------------------------------------|------------------------------------------------|
| Large accelerated filer []                                                |   Accelerated filer []               |
| Non-accelerated filer [] (Do not check if a smaller reporting company)    |  Smaller reporting company  [X] |

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| PART I  FINANCIAL INFORMATION                                                                                                           |   Page |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|
| Item 1. Financial Statements for the period ended March 31, 2010                                                                                       |             |
|                    Balance Sheet (Unaudited)            |   3         |
|                    Statements of Operations (Unaudited) |   4         |
|                    Statements of Cash Flows (Unaudited) |   6         |
|                    Notes to Financial Statements        |   7         |
|                                                                                                                                                   |             |
| Item 2. Management’s Discussion and Analysis and Plan of Operation                                                                               |   9         |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                                                                                     |   11        |
| Item 4T. Controls and Procedures                                                                                                                       |   12        |
|                                                                                                                                                   |             |
| PART II  OTHER INFORMATION                                                                                                                   |             |
|   Item 1. Legal Proceedings                                                                                                                  |  12         |
|   Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                                                        |   12        |
|   Item 3. Defaults Upon Senior Securities                                                                                                    |   12        |
|   Item 4. Submission of Matters to a Vote of Security Holders                                                                                |   12        |
|   Item 5. Other Information                                                                                                                  |   12        |
|   Item 6. Exhibits                                                                                                                           |   13        |
|                                                                                                                                                   |             |
| Signatures                                                                                                                                             |   14        |
|                                                                                                                                                   |             |

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|                                               |   |   | UnauditedMarch31, 2010 |   |   |   | June30,2009 |   |
|----------------------------------------------------|--------|--------|------------------------|--------|--------|--------|-------------|--------|
| ASSETS                                             |   |   |                   |   |   |   |        |   |
|                                               |   |   |                   |   |   |   |        |   |
| Current Assets:                                    |   |   |                   |   |   |   |        |   |
|                                               |   |   |                   |   |   |   |        |   |
| Cash and cash equivalents                          |   | $      | 0                      |   |   | $      | 1,543       |   |
|                                               |   |   |                   |   |   |   |        |   |
| Total Current Assets                               |   |   | 0                      |   |   |   | 1,543       |   |
|                                               |   |   |                   |   |   |   |        |   |
|                                               |   |   |                   |   |   |   |        |   |
| TOTAL ASSETS                                       |   | $      | 0                      |   |   | $      | 1,543       |   |
|                                               |   |   |                   |   |   |   |        |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY               |   |   |                   |   |   |   |        |   |
|                                               |   |   |                   |   |   |   |        |   |
| Accounts payable                                   |   | $      | 0                      |   |   | $      | 12,187      |   |
| Advances from officer                              |   |   | 0                      |   |   |   | 65          |   |
|                                               |   |   |                   |   |   |   |        |   |
| Total current liabilities                          |   |   | 0                      |   |   |   | 12,252      |   |
|                                               |   |   |                   |   |   |   |        |   |
| Total Liabilities                                  |   | $      | 0                      |   |   | $      | 12,252      |   |
|                                               |   |   |                   |   |   |   |        |   |
| SHAREHOLDERS' EQUITY                               |   |   |                   |   |   |   |        |   |
|                                               |   |   |                   |   |   |   |        |   |
| Preferred stock, $.10 par value per share;         |   |   |                   |   |   |   |        |   |
|  Authorized 1,000,000 Shares; Issued          |   |   |                   |   |   |   |        |   |
|  and outstanding -0- shares.                  |   |   | -                      |   |   |   | -           |   |
|                                               |   |   |                   |   |   |   |        |   |
| Common Stock, $.001 per share;                     |   |   |                   |   |   |   |        |   |
|  Authorized 50,000,000 Shares; Issued         |   |   |                   |   |   |   |        |   |
|  and outstanding 8,248,020 shares             |   |   | 8,248                  |   |   |   | 8,248       |   |
|                                               |   |   |                   |   |   |   |        |   |
| Capital paid in excess of par value                |   |   | 33437                  |   |   |   | 33,437      |   |
|                                               |   |   |                   |   |   |   |        |   |
| (Deficit) accumulated during the development stage |   |   | (43878                 | )      |   |   | (52,394     | )      |
|                                               |   |   |                   |   |   |   |        |   |
| TOTAL SHAREHOLDERS' EQUITY                         |   |   | (0                     | )      |   |   | (10,709)    |   |
|                                               |   |   |                   |   |   |   |        |   |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY         |   | $      | 0                      |   |   | $      | 1,543       |   |

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|                                       |   | UnauditedNine month |      |   | UnauditedNine month |   |      | UnauditedSeptember 26,2005 Inception |   |
|--------------------------------------------|--------|---------------------|-----------|--------|---------------------|--------|-----------|--------------------------------------|--------|
|                                       |   | period ended        |      |   | period ended        |   |      | through                              |   |
|                                       |   | March 31,           |      |   | March 31,           |   |      | March 31,                            |   |
|                                       |   | 2010                |      |   | 2009                |   |      | 2010                                 |   |
|                                       |   | (Unaudited)         |      |   | (Unaudited)         |   |      | (Unaudited)                          |   |
|                                       |   |                |      |   |                |   |      |                                 |   |
| Revenue:                                   |   | $                   | -         |   |                | $      | -         |                                 |   | $ | - |   |
|                                       |   |                |      |   |                |   |      |                                 |   |   |   |   |
|                                       |   |                |      |   |                |   |      |                                 |   |   |   |   |
| General & Administrative Expenses      |   |                |      |   |                |   |      |                                 |   |   |   |   |
|                                       |   |                |      |   |                |   |      |                                 |   |   |   |   |
| Accounting                                 |   |                | 0         |   |                |   | 7250      |                                 |   |   | 16250 |   |
| Bank charges                               |   |                | -         |   |                |   | 0         |                                 |   |   | 27 |   |
| Consulting                                 |   |                | -         |   |                |   | 0         |                                 |   |   | 9,500 |   |
| Legal                                      |   |                | -         |   |                |   | -         |                                 |   |   | 7,500 |   |
| Licenses                                   |   |                | -         |   |                |   | -         |                                 |   |   | 375 |   |
| Office                                     |   |                | 0         |   |                |   | 1171      |                                 |   |   | 6159 |   |
| Research & development                 |   |                | -         |   |                |   | -         |                                 |   |   | 800 |   |
| Stock transfer                             |   |                | 0         |   |                |   | 600       |                                 |   |   | 8745 |   |
|                                       |   |                |      |   |                |   |      |                                 |   |   |   |   |
| Total G & A                            |   |                | 0         |   |                |   | 9021      |                                 |   |   | 49356 |   |
|   Interest expense               |   |                |      |   |                |   |      |                                 |   |   | (3,106)  |   |
| Net (Loss)                                 |   | $                   | (0        | )      |                | $      | (9021     | )                                    |   | $ | (52,462 | ) |
|                                       |   |                |      |   |                |   |      |                                 |   |   |   |   |
| Basic (Loss) per common share              |   |                | (0.00     | )      |                |   | (0.00     | )                                    |   |   | (0.01 | ) |
|                                       |   |                |      |   |                |   |      |                                 |   |   |   |   |
| Weighted Average Common Shares Outstanding |   |                | 8,248,020 |   |                |   | 8,248,020 |                                 |   |   | 8,248,020 |   |

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|                                       |   | UnauditedThree Months |      |   | UnauditedThree Months |   |
|--------------------------------------------|--------|-----------------------|-----------|--------|-----------------------|--------|
|                                       |   | Ended                 |      |   | Ended                 |   |
|                                       |   | March                 |      |   | March                 |   |
|                                       |   |                  | 31, 2010  |   |                  |   | 31, 2009 |   |
|                                       |   |                  |      |   |                  |   |   |   |
| Revenue:                                   |   | $                     | -         |   |                  | $      | - |   |
|                                       |   |                  |      |   |                  |   |   |   |
|                                       |   |                  |      |   |                  |   |   |   |
| General & Administrative Expenses      |   |                  |      |   |                  |   |   |   |
|                                       |   |                  |      |   |                  |   |   |   |
| Accounting                                 |   |                  | 0         |   |                  |   | 1500 |   |
| Licensing                                  |   |                  | -         |   |                  |   | 0 |   |
| Office                                     |   |                  | 0         |   |                  |   | 249 |   |
| Stock transfer                             |   |                  | 0         |   |                  |   | 0 |   |
|                                       |   |                  |      |   |                  |   |   |   |
| Total G & A                            |   |                  | 0         |   |                  |   | 1749 |   |
|                                       |   |                  |      |   |                  |   |   |   |
| Net (Loss)                                 |   | $                     | (0        | )      |                  | $      | (1749 | ) |
|                                       |   |                  |      |   |                  |   |   |   |
| Basic (Loss) per common share              |   |                  | (0.00     | )      |                  |   | (0.00 | ) |
|                                       |   |                  |      |   |                  |   |   |   |
| Weighted Average Common Shares Outstanding |   |                  | 8,248,020 |   |                  |   | 8,248,020 |   |

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|                                                        |   | UnauditedNine month |   |   | UnauditedNine month |   |   | UnauditedSeptember 26,2005 Inception |   |
|-------------------------------------------------------------|--------|---------------------|--------|--------|---------------------|--------|--------|--------------------------------------|--------|
|                                                        |   | period ended        |   |   | period ended        |   |   | through                              |   |
|                                                        |   | March 31,           |   |   | March 31,           |   |   | March 31,                            |   |
|                                                        |   | 2010                |   |   | 2009                |   |   | 2010                                 |   |
|                                                        |   | (Unaudited)         |   |   | (Unaudited)         |   |   | (Unaudited)                          |   |
| Net (Loss)                                                  |   | $                   | (0     | )      |                | $      | (9021  | )                                    |   | $ | (52,462 | ) |
| Adjustments to reconcile decrease in net assets to net cash |   |                |   |   |                |   |   |                                 |   |   |   |   |
|  provided by operating activities:                     |   |                |   |   |                |   |   |                                 |   |   |   |   |
| Interest accretion                                          |   |                |   |   |                |   |   |                                 |   |   | 3,000  |   |
| Stock issued for services                                   |   |                | -      |   |                |   | -      |                                 |   |   | 7,500 |   |
| Increase (Decrease) in accounts payable                     |   |                | 0      |   |                |   | 1434   | )                                    |   |   | 7,712 |   |
|                                                        |   |                |   |   |                |   |   |                                 |   |   |   |   |
|  Net cash (used) in operation activities               |   |                | (0     | )      |                |   | (7587  | )                                    |   |   | (34,250 | ) |
|                                                        |   |                |   |   |                |   |   |                                 |   |   |   |   |
| Cash flows from investing activities:                       |   |                |   |   |                |   |   |                                 |   |   |   |   |
| Advances received from officer                              |   |                | 0      |   |                |   | -      |                                 |   |   | 1,065 |   |
| Advances paid to officer                                    |   |                | -      |   |                |   | 0      |                                 |   |   | (1,000 | ) |
|                                                        |   |                |   |   |                |   |   |                                 |   |   |   |   |
|  Net cash (used) in investing activities               |   |                | -      |   |                |   | 0      |                                 |   |   | 65 |   |
|                                                        |   |                |   |   |                |   |   |                                 |   |   |   |   |
| Cash flows from financing activities:                       |   |                |   |   |                |   |   |                                 |   |   |   |   |
|    Issuance of common stock                  |   |                | -      |   |                |   | -      |                                 |   |   | 45,251 |   |
|    Deferred offering costs                   |   |                | -      |   |                |   | (0     | )                                    |   |   | (11,066 | ) |
|                                                        |   |                |   |   |                |   |   |                                 |   |   |   |   |
|  Net cash provided from financing activities           |   |                | -      |   |                |   | 0      | )                                    |   |   | 34,185 |   |
|                                                        |   |                |   |   |                |   |   |                                 |   |   |   |   |
| Net increase in cash                                        |   |                | (0     | )      |                |   | (7587  | )                                    |   |   | 0 |   |
| Cash at beginning of period                                 |   |                | 0      |   |                |   | 9130   |                                 |   |   | - |   |
|                                                        |   |                |   |   |                |   |   |                                 |   |   |   |   |
| Cash at end of period                                       |   | $                   | 0      |   |                | $      | 1543   |                                 |   | $ | 0 |   |
|                                                        |   |                |   |   |                |   |   |                                 |   |   |   |   |
| Supplemental disclosure information:                        |   |                |   |   |                |   |   |                                 |   |   |   |   |
| Stock issued for services                                   |   | $                   | -      |   |                | $      | -      |                                 |   | $ | 7,500 |   |
|                                                        |   |                |   |   |                |   |   |                                 |   |   |   |   |
| Cash paid for:                                              |   |                |   |   |                |   |   |                                 |   |   |   |   |
| Interest                                                    |   | $                   | -      |   |                | $      | -      |                                 |   | $ | - |   |
| Income taxes                                                |   | $                   | -      |   |                | $      | -      |                                 |   | $ | - |   |
| Cash paid for interest                                      |   | $                   | -      |   |                | $      | -      |                                 |   | $ | - |   |
| Cash paid for income taxes                                  |   | $                   | -      |   |                | $      | -      |                                 |   | $ | - |   |

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| Exhibit 31.1 | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                           |
| Exhibit 32.1 | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

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|                |   |   | GREAT SPIRITS, INC.                                                                                                                                  |
|---------------------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|
|                |   |   | Registrant                                                                                                                                           |
| Dated: May 24, 2010 |   |   |                                                                                                                                                 |
|                |   |   |                                                                                                                                                 |
|                |   |   | /s/ Brian Leftwich                                                                                                                                   |
|                |   |   | Brian Leftwich,Chief Executive Officer and President(principal executive officer)Chief Financial Officer(principal financial and accounting officer) |

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