----

----

**UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549**___________________**FORM 10-Q**___________________

**ý                                QUARTERLY REPORT PURSUANTTO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

  

For the quarterly period endedMarch 31, 2009

  

OR

  

** ̈                                TRANSITION REPORTPURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

 

For the transition period from         to

  

Commissionfile number 0-53585  

**LANTIS LASER INC.**(Exact Name Of RegistrantAs Specified In Its Charter)
| Nevada                                   | 65-0813656                           |
|------------------------------------------|--------------------------------------|
| (State of Incorporation)                 | (I.R.S. Employer Identification No.) |
|                                     |                                 |
| 11    Stonebridge, Denville, NJ          | 07834                                |
| (Address of Principal Executive Offices) | (ZIP Code)                           |

 Registrant'sTelephone Number, Including Area Code: (203) 300-7622

Indicate by checkmark whether the registrant (1) has filed all reports required to be filed by Section 13or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or forsuch shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days. Yes x No  ̈Indicate by check mark whether the registrant is a shell company (asdefined in Rule 12b-2 of the Exchange Act). Yes  ̈ No x

Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, or anon-accelerated filer.
| Large accelerated    filer  ̈ | Accelerated filer  ̈  | Non-Accelerated    filer  ̈  | Smaller reporting    company x |
|----------------------------------|-------------------------------|--------------------------------------|------------------------------------|

On March 31, 2009,the Registrant had 98,268,238 shares of common stock outstanding.

----

----

----

----

 

**TABLE OF CONTENTS**
| Item                                  |                          | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Page |
|---------------------------------------|--------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------|
| **PART I - FINANCIAL    INFORMATION** |
|                                  |
| ITEM 1.                               |      |    FINANCIAL STATEMENTS.
    3  
ITEM 2.
    
   MANAGEMENT'S    DISCUSSION AND ANALYSIS AND RESULTS OF OPERATION.
    3   ITEM 3.   QUANTITATIVE    AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK6
ITEM 4.
    
   CONTROLS AND PROCEDURES.
    6     
**PART II - OTHER    INFORMATION**
  
ITEM 1.
    
   LEGAL    PROCEEDINGS.
    6  ITEM 1A.   RISK FACTORS6
ITEM 2.
    
   UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF    PROCEEDS
    6   
ITEM 3.
    
   DEFAULT UPON    SENIOR SECURITIES.
    6   
ITEM 4.
    
   SUBMISSION    OF MATERS TO A VOTE OF SECURITY HOLDERS.
    7   
ITEM 5.
    
   OTHER INFORMATION.
    7   ITEM 6.   EXHIBITS.7
 
****
**PART I - FINANCIAL INFORMATION**

ITEM1. FINANCIAL STATEMENTS****Back to Table of Contents

The Registrant's unaudited interim financial statementsare attached hereto. Unaudited InterimFinancial Statements

ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONBack to Table of Contents

Forward-Looking Statements; Market Data

As used in this Quarterly Report, the terms *"we","us", "our", "Registrant" and the "Company"*meansLantis Laser, Inc., a Nevada corporation, and its wholly-owned subsidiary, Lantis Laser,Inc., a New Jersey corporation. To the extent that we make any forward-looking statementsin the *"Management's Discussion and Analysis of Financial Condition and Results ofOperations"*in this Quarterly Report, we emphasize that forward-lookingstatements involve risks and uncertainties and our actual results may differ materiallyfrom those expressed or implied by our forward-looking statements. Our forward-lookingstatements in this Quarterly Report reflect our current views about future events and arebased on assumptions and are subject to risks and uncertainties. Generally,forward-looking statements include phrases with words such as *"expect","anticipate", "intend", "plan", "believe","seek", "estimate"*and similar expressions to identifyforward-looking statements.

Overview
The Company was incorporated under the laws ofthe State of Nevada in February 1998 under the name Beekman Enterprises, Inc. In November2004, we acquired Lantis Laser, Inc., a New Jersey corporation formed in January 1998(“Lantis New Jersey”), in a reverse-triangular merger and succeeded to itsbusiness as our sole line of business. In connection with the merger, we changed our nameto “Lantis Laser Inc.”

We were formed to commercialize the applicationof novel technologies in the dental industry. As our first product, we are developing andplan to market our “OCT Dental Imaging System.” The OCT Dental Imaging System isbased on a diagnostic imaging technology referred to as optical coherence tomography, orOCT. We have the exclusive rights to OCT in the dental field under a license agreementwith Lawrence Livermore National Laboratories and a non-exclusive license covering ascanning method with LightLab Imaging, Inc., a leader in the application of OCT in thebiomedical field. At present, our plan is not to make any significant purchase ofequipment, but plan to outsource the manufacturing of the OCT System. **Results of Operations

Three Months Ended March 31, 2009 Comparedto Three Months Ended March 31, 2008.

The following is derived from, and should be readin conjunction with, our condensed consolidated financial statements, and related notesfor the three months ended March 31, 2009 and 2008.
*Operating revenues. The Company is adevelopment stage company. To date, the Company has not generate any operating revenues,nor has the Company generated operating revenues since its inception in February 1998.Generation of sales can only commence upon FDA 510(k) clearance. 

*Net loss from operations.* For the threemonths ended March 31, 2009, our net loss was $304,098 compared to $1,202,518 for the sameperiod in the prior year, representing a decrease of $898,420 or 75%. The decrease in ourloss from operations was mainly due to the decrease in research and development expensesand professional, consulting and marketing fees. Our research and development expensesdecreased to $51,292 for the three-months ended March 31, 2009, compared to $319,463 forthe same period in the prior year. The Company decreased its professional, consulting andmarketing expenses to $17,535 for the three-months ended March 31, 2009, compared to$664,767 for the same period of the prior year, which reduction was a result of the factthat the Company incurred significant fees related to its initial public offering.
*Total other expenses. Other expenses was$141,957 for the three months ended March 31, 2009, compared to $145,220 for thethree months ended March 31, 2008.
*Net loss. We had a net loss applicable tocommon shares of $304,098, or $0.00 per share, for the three months ended March 31, 2009,compared to a net loss applicable to common shareholders of $1,202,518, or $0.01 pershare, for the same period in the prior year. The reduction in net loss wasprincipally due to the decrease in research and development and decrease in professional,consulting and marketing fees.
**Liquidity and Capital Resources***Total assets. On March 31, 2009, we had total assets of $352,146, compared to$358,604 at December 31, 2008.  The Company had cash and cash equivalents of$116 at March 31, 2009 compared to $72,858 at December 31, 2008. Prepaid expenses andother current assets were $101,254 at March 31, 2009 compared to $5,000 at December 31,2008. Our fixed assets, which did not change significantly, were $63,931 at March 31,2009, compared to $69,552 at December 31, 2008. Other assets related to debt issuancecosts were $105,513 at March 31, 2009, compared to $129,862.
*Total liabilities. We had total liabilities of $3,353,236 at March 31, 2009,composed principally of current accounts payable and accrued expenses of $1,077,748 andlong-term obligations on convertible notes payable, net of discount and beneficialconversion features of $2,141,034. At December 31, 2008, total liabilities were$3,170,596, also attributable to current accounts payable and accrued expenses andobligations on convertible notes in amounts comparable to March 31, 2009. At March 31,2009, we had a negative working capital of $1,029,500 compared to a negative workingcapital of $956,407 at December 31, 2008. There is no guarantee that the Company will beable to raise enough capital or generate revenues to sustain its operations. Theseconditions raise substantial doubt about the Company’s ability to continue as a goingconcern for a reasonable period. 
*Cash flow from operations. During the three-month period ended March 31, 2009, wehad a negative cash flow from operations of $85,242, compared to negative cash flowfrom operations of $398,367 during the same period in the prior year. Our negative cashflow from operations for the three months ended March 31, 2009 was mainly due to our netloss of $304,098, an increase in prepaid expenses of $96,254, offset by non-cash expensesof $115,000 from the issuance of common stock for consulting services, amortization anddepreciation costs of $29,970, non-cash interest expenses related to debt issuance of$86,035, and an increase in accounts payable and accrued interest on a convertible note of$84,105. 

*Cash flow from investing activities.*The company had no investing activitiesduring the three month period ended March 31, 2009.

*Cash flow from financing activities.*During the three-months ended March31,2009, the Company  received $12,500 from a related party.

ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKBack to Table of Contents

We have not enteredinto, and do not expect to enter into, financial instruments for trading or hedgingpurposes.

ITEM 4.CONTROLS AND PROCEDURES****Back to Table of Contents

*Evaluation of disclosure controls andprocedures.* As of March 31, 2009, the Company's chief executive officer and chieffinancial officer conducted an evaluation regarding the effectiveness of the Company'sdisclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) underthe  Exchange Act. Based upon the evaluation of these controls and procedures, ourchief executive officer and chief financial officer concluded that our disclosure controlsand procedures were effective as of the end of the period covered by this report.

*Changes in internal controls.*During the quarterly period covered by this report, no changes occurred in our internalcontrol over financial reporting that materially affected, or is reasonably likely tomaterially affect, our internal control over financial reporting.

**PART II - OTHER INFORMATION**

ITEM 1. LEGALPROCEEDINGS**** Back to Table of Contents

None.

ITEM 1A.RISK FACTORSBack to Table of Contents

In addition to the otherinformation set forth in this report, you should carefully consider the factors discussedin Part I, “Item 1. Description of Business, subheading Risk Factors” inour Annual Report on Form 10-K for the year ended December 31, 2008, which couldmaterially affect our business, financial condition or future results. The risks describedin our Annual Report on Form 10-K are not the only risks facing our company.Additional risks and uncertainties not currently known to us or that we currently deem tobe immaterial also may materially adversely affect our business, financial conditionand/or operating results. 

ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDSBack to Table of Contents

During the three months ended March 31, 2009, theCompany issued 1,150,000 restricted shares valued at $0.10 per share or $115,000 toconsulting companies for investor relationship services. The Company believes that theissuances and sale of the restricted shares were exempt from registration pursuant toSection 4(2) of the Act as privately negotiated, isolated, non-recurring transactions notinvolving any public solicitation. The recipients in each case represented their intentionto acquire the securities for investment only and not with a view to the distributionthereof. Appropriate restrictive legends are affixed to the stock certificates issued insuch transactions. All recipients of restricted shares either received adequateinformation about the Company or had access, through employment, relation and/or businessrelationships with the Company to such information. Based on an analysis of the abovefactors, the Registrant has met the requirements to qualify this offering and sale forexemption under Section 4(2) of the Securities Act of 1933.

ITEM3. DEFAULTS UPON SENIOR SECURITIES****Back to Table of Contents

None.

ITEM4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSBack to Table of Contents

None.

ITEM5. OTHER INFORMATION****Back to Table of Contents

None.

ITEM6. EXHIBITS****Back to Table of Contents

(a) The following documentsare filed as exhibits to this report on Form 10-Q or incorporated by reference herein. Anydocument incorporated by reference is identified by a parenthetical reference to the SECfiling that included such document.

Exhibit    No.Description31Certification of CEO and CFO    pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act pursuant to Section 302 of the    Sarbanes-Oxley Act of 2002.32Certification of CEO and CFO    pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the    Sarbanes-Oxley Act of 2002.
SIGNATURES

Pursuant to therequirements of the Securities Exchange Act of 1934, this report has been signed below bythe following persons on behalf of the registrant and in the capacities and on the dateindicated.

/s/ Stanley B.BaronStanley B. Baron   *CEO and CFO**   Dated: May 13, 2009*

**Unaudited Interim Financial    Statements**Back to Table of Contents  **LANTIS LASER, INC.**(A Development Stage Company)**Condensed Consolidated    Balance Sheets**March 31, 2009 (Unaudited) and December 31, 2008 (Audited)  
Assets**March    31, 2009****December    31, 2008**  (Unaudited0
(Audit)Current assets:      Cash$116$72,858      Prepaid expenses and other current assets101,2545,000      Investment under equity method81,33281,332     Total current    assets182,702159,190     Fixed assets, net of depreciation63,93169,552   Other    assets:   Debt issuance    costs, net of amortization105,513129,862     Total other assets105,513129,862         **Total assets**$352,146$358,604  
Liabilities    and Stockholders' Equity (Deficit)  Current    liabilities:      Accrued interest - convertible notes$121,954$90,459      Accounts payable and accrued expenses1,077,7481,025,138  Related party loans12,500-     Total current    liabilities1,212,2021,115,597  Long-term    liabilities:      Convertible notes payable, net of discount and beneficial conversion features2,141,0342,054,999        Total long-term liabilities2,141,0342,054,999            **Total liabilities**3,353,2363,170,596  Stockholders'    equity (deficit):      Preferred stock, $.001 par value. Authorized 10,000,000 shares: 0 issued and outstanding- -    Common stock, $.001    par value. Authorized 990,000,000 shares:     98,268,238 shares    issued and outstanding at March 31, 2009,     100,118,238    shares issued and outstanding at    December 31, 200898,268100,118      Additional paid-in capital4,447,1374,330,287      Additional paid-in capital - warrants1,167,9871,167,987      Deficit    accumulated during the development stage(8,714,482)(8,410,384)          Total stockholders' equity (deficit)(3,001,090)(2,811,992)          **Total liabilities and stockholders' equity (deficit)**$352,146$358,604  The accompanying notes are an integral part of the    consolidated financial statements.**LANTIS    LASER, INC.**(A    Development Stage Company)**Condensed Consolidated Statements of Operations    (Unaudited)**For The    Three Months Ended March 31, 2009 and 2008With    Cumulative Totals Since January 14, 1998 (Inception)  **Cumulative****Three Months****Three Months****Totals Since****Ended****Ended****Inception****March 31, 2009****March 31, 2008****January 14, 1998**  Operating    revenues   Sales$-$-$-  **Operating    expenses:**   Research and    development51,292319,4631,988,045      Wages and wage related expenses50,00050,000829,981   Professional,    consulting and marketing fees17,535664,7674,285,591   Other general and    administrative expenses37,69317,233415,950   Depreciation5,6215,83574,388     **Total operating    expenses**162,1411,057,2987,593,955  **Loss before other income (expense)**(162,141)(1,057,298)(7,593,955)     Amortization of debt issuance costs(24,349)(24,349)(186,677)   Loss in investment under equity    method-(25,000)(86,332)   Interest expense - debt discount(86,034)(81,846)(632,966)   Interest income (expense), net(31,574)(14,025)(214,552)     **Total other    income (expense)**(141,957)(145,220)(1,120,527)   Net loss before provision for income taxes(304,098)(1,202,518)(8,714,482)Provision for income taxes---**Net loss    applicable to common shares**$(304,098)$(1,202,518)$(8,714,482)  **Net loss    per basic and diluted shares**$(0.00)$(0.01)$(0.32)       **Weighted    average number of common shares outstanding**98,453,79499,003,32429,055,563  The    accompanying notes are an integral part of the consolidated financial statements.**LANTIS    LASER, INC.**(A    Development Stage Company)**Condensed Consolidated Statements of Cash Flows (Unaudited)**For The    Three Months Ended March 31, 2009 and 2008With    Cumulative Totals Since January 14, 1998 (Inception)  **Cumulative****Three Months****Three Months****Totals Since****Ended****Ended****Inception****March 31, 2009****March 31, 2008****January 14, 1998****Cash flows from operating    activities:**      Net loss$(304,098)$(1,202,518)$(8,714,482)      Adjustments to reconcile net loss to net cash used in operating activities:    Depreciation5,6215,83574,388       Amortization of debt issuance cost24,34924,349186,677       Interest expense - debt discount43,34841,238318,917       Interest expense - beneficial conversion feature42,68740,608314,050       Loss on investment under equity method-25,00086,332       License fees payable for research and development--605,000       Warrants issued to former noteholders and consultants--469,897       Common stock issued for consulting services115,000-824,050        Changes in assets and liabilities:     Decrease    (increase) in prepaid expenses(96,254)600,0002,103,746    Increase in    accounts payable and accrued expenses52,61067,1211,231,081    Accrued    interest on convertible notes31,495-31,149    Total    adjustments218,856804,1516,245,287    **Net cash used in    operating activities**(82,242)(398,367)(2,469,195)   **Cash    flows from investing activities:****   **Acquisition of fixed assets--(138,319)        Investment under equity method-(50,000)(167,664)          **Net cash used in investing activities**-(50,000)(305,983)  **Cash flows    from financing activities:**       Proceeds from notes payable--197,000       Proceeds from exercise of warrants-10,47834,984       Procceds from convertible notes and warrants, net of debt issuance costs--2,234,310       Payments of license fee payable--(225,000)       Proceeds from private placement, net of fees--521,500  Proceeds (payments)    from related party loans12,500-12,500          **Net cash provided by financing activities**- 10,4782,775,294  **          Net increase (decrease) in cash and cash equivalents**(72,742)(437,889)116**Cash and    cash equivalents - beginning of period**72,8581,461,906-**Cash and    cash equivalents - end of period**$116$1,024,017$116  **Cash paid during the year for:**    Income tax$-$-$-    Interest expense$-$-$13,617  **Supplemental non-cash information:**    Conversion of notes and    interest for common stock$-$-$259,529    Conversion of license fee    payable into capital$-$-$380,000    Common stock issued for    consulting services$19,746$-$728,796    Warrants issued to former    noteholders and consultants$-$-$469,897    Common stock issued for    prepaid expenses$95,254$-$2,195,254   The    accompanying notes are an integral part of the consolidated financial statements.
 
**LANTIS LASER INC.(A DEVELOPMENT STAGE COMPANY)**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSMARCH 31, 2009 AND 2008 (UNAUDITED)
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION**
The unaudited condensed consolidated financial statements includedherein have been prepared, without audit, pursuant to the rules and regulations of theSecurities and Exchange Commission (“SEC”). The condensed consolidated financialstatements and notes are presented as permitted on Form 10-Q and do not containinformation included in the Company’s annual consolidated financial statements andnotes thereto. Certain information and footnote disclosures normally included in financialstatements prepared in accordance with accounting principles generally accepted in theUnited States of America have been condensed or omitted pursuant to such rules andregulations, although the Company believes that the disclosures are adequate to make theinformation presented not misleading. It is suggested that these condensed consolidatedfinancial statements be read in conjunction with the December 31, 2008 audited financialstatements and the accompanying notes thereto. While management believes the proceduresfollowed in preparing these condensed consolidated financial statements are reasonable,the accuracy of the amounts are in some respects dependent upon the facts that will exist,and procedures that will be accomplished by the Company later in the year.

These condensed consolidated unaudited financial statements reflect alladjustments, including normal recurring adjustments which, in the opinion of management,are necessary to present fairly the consolidated operations and cash flows for the periodspresented. 

Lantis Laser, Inc. (the “Company”) was incorporated in theState of New Jersey on January 14, 1998. On November 3, 2004, the Company was acquired byHypervelocity, Inc., a Nevada corporation. 

In the transaction, the Company exchanged 100% of their stock inexchange for 127,718,500 shares of common stock of Hypervelocity, Inc. The transaction wastreated for accounting purposes as a reverse merger by Lantis Laser, Inc. being theaccounting acquirer. Included in the 127,718,500 shares issued to the shareholders ofLantis Laser, Inc. in the transaction, 6,422,500 shares were issued in conversion ofconvertible notes payable the Company had entered into in 2001 and 2003. The sharesrepresent the conversion of the original notes, the interest accrued on those notes aswell as warrants that were offered and paid for by the note holders. The value of theconvertible notes, interest and warrants were $259,529. 

On December 9, 2004, Hypervelocity, Inc. changed its name to LantisLaser Inc. which is domiciled in Nevada. 

On June 16, 2006, the Company authorized a 1 for 2 reverse stock splitfor all issued shares. All shares reflected herein have been retroactively adjusted toaccount for the reverse stock split as required by SAB Topic 14C. 

In October 2006, the Company completed a private placement for the saleof 5,850,000 shares of its common stock at a price per share of $0.10. For every 1.8 shareof stock purchased, the investors received 1 warrant. The Company valued each component inaccordance with APB 14.

In April and May 2007, the Company issued 5% Senior Convertible 3 YearNotes to investors in the amount of $2,526,500, which equaled the gross proceeds raised bythe Company (the “Convertible Notes”). The Convertible Notes are convertible toshares of the Company’s common stock anytime in the three-year period at a fixedconversion price of $.15. The Convertible Notes will convert into 16,843,333 shares of theCompany’s common stock. None of the notes have been converted. The convertiblenoteholders received 6,737,333 detachable warrants with their notes. The warrants areexercisable for five years from date of issue at an exercise price of $.25. The Companyunder APB 14 separately valued the warrants at $513,132, and recorded a debt discount inthat amount which is being amortized to interest expense over the three-year ConvertibleNotes period. The Company has recorded an additional discount of $505,300 as the value ofthe beneficial conversion option in accordance with the provisions of EITF 00-27. 

On December 19, 2007, HyGeniLase, Inc., (“HyGeniLase”) aDelaware corporation was formed. HyGeniLase is a joint venture between the Company andLaser Energetics, Inc., (“LEI”), an Oklahoma corporation, with each party owning50% of the company. HyGeniLase was formed to develop, manufacture, market, sell anddistribute dental laser process technology to the dental markets worldwide (see Note 10). 

In 2008, the Company issued 575,000 shares to various consulting firmsfor public and investor relation services. These shares were valued at between $.21 and$.26 per share or $124,500. 

The Company in June 2008, entered into a strategic agreement with AXSUNTechnologies whereby AXSUN will manufacture and supply the Integrated Optical CoherenceTomography Engine for the Company’s OCT Dental Imaging System. Under the terms of theagreement, the Company has exclusive rights to the OCT Engine for use in diagnosticimaging of teeth and soft tissue in human and animal dentistry. The Company issued 500,000shares of stock to AXSUN in connection with this agreement (see Note 7). 

The Company was formed to commercialize the application of noveltechnologies in the dental industry. The criteria for selected products includecompetitive edge, exclusivity and large market potential. The Company is in development ofits Optical Coherence Tomography ("OCT") "Dental Imaging" as its firstproduct. The Company has licensed the exclusive rights for the dental field for the OCTpatented technology from Lawrence Livermore National Laboratories (dental applicationpatents) and the non-exclusive rights from LightLab Imaging (scanning patents). OCT wasinvented in the early 1990’s at Massachusetts Institute of Technology and it iscurrently being commercialized by LightLab Imaging for cardiovascular imaging, cancerdetection and Carl Zeiss Meditec in ophthalmology. On May 31, 2007, the Company enteredinto an exclusive licensing agreement for the field of dentistry with The University ofFlorida Research Foundation for novel technology relevant to the imaging probe of itsDental Imaging System; the Agreement carries a $1,000 initial licensing fee with royaltypayments to commence in 2008. 

On July 9, 2008, the Company entered into an exclusive licenseagreement for the field of dentistry for a patent pending technology known as NearInfrared Transillumination Imaging (NIR). The Company paid the initial licensing fee of$10,000. This technology is synergistic with the OCT technology and the Company intends tosell it in a combination OCT/NIR platform and also as a standalone product. 

Management of the Company has extensive experience in the dentalindustry, including technology, development, marketing and distribution, clinical andresearch dentistry. 

OCT is a new diagnostic imaging technology that is based on advancedphotonics and fiber optics. It enables the capture of cross-sectional images of tissuewith an axial resolution of up to ten times that of x-ray, providing tissuecharacterization and images that cannot be obtained by any other means, including x-ray.Information is captured by shining a near- infrared light through a single optical fiberonly .006” diameter deep into the internal structures of the subject tissue. 

When the light becomes scattered in the dense biological tissue, acertain component of the reflected light remains unscattered and thus contains goodquantitative and structural image information. The OCT technology maps the changingintensities of reflections from the tissue to form an image of the subject area. Thisimage, displayed on a monitor in real time, has an unprecedented amount of diagnosticinformation and can be manipulated, printed out and stored in a digital format. 
**Going Concern**
As shown in the accompanying consolidated financial statements theCompany has incurred recurring losses of $304,098 and $1,202,518 for the three monthsended March 31, 2009 and 2008 respectively, and has incurred a cumulative loss of$8,714,482 since inception (January 14, 1998). In addition, the Company has a workingcapital deficit in the amount of $1,029,500 as of March 31, 2009. The Company is currentlyin the development stage and has been spending a majority of their time in the developmentof the OCT technology which they currently hold exclusive and non-exclusive licenses ofthe patents for. 

There is no guarantee that the Company will be able to raise enoughcapital or generate revenues to sustain its operations. These conditions raise substantialdoubt about the Company’s ability to continue as a going concern for a reasonableperiod. 

Management believes that the Company’s capital requirements willdepend on many factors. These factors include the final phase of development beingsuccessful as well as product implementation and distribution first nationally, theninternationally. In April and May 2007, the Company completed a debt offering in the formof a 5% Senior Convertible Note in the amount of $2,526,500 as well as a private placementfor $585,000 with the issue of 5,850,000 of its stock of which the Company received, netof fees, $2,786,785 from both offerings. The proceeds received will be utilized in thePhase 2 and final stages of development. 

The Company also renegotiated both of their license agreements andLawrence Livermore agreed to forgive accrued royalty fees in the amount of $380,000 as theCompany was not sufficiently capitalized to further develop its technology. 
**Going Concern (Unaudited)

In the near term, the Company plans to seek quotation of its commonstock on the OTC Bulletin Board to gain liquidity and notoriety. The Company will continueto pursue traditional forms of financing, in addition to the approximately $3,250,000 itraised through convertible notes and the issuance of common stock to assist them inmeeting their current working capital needs. The Company’s ability to continue as agoing concern for a reasonable period is dependent upon management’s ability to raiseadditional interim capital and, ultimately, achieve profitable operations. There can be noassurance that management will be able to raise sufficient capital, under termssatisfactory to the Company, if at all. 

The condensed consolidated financial statements do not include anyadjustments relating to the carrying amounts of recorded assets or the carrying amountsand classification of recorded liabilities that may be required should the Company beunable to continue as a going concern. 
**NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Development Stage Company
The Company is considered to be in the development stage as defined inStatement of Financial Accounting Standards (SFAS) No.7, *"Accounting and Reportingby Development Stage Enterprises".*The Company has devoted substantially all ofits efforts to the development of their OCT technology. Additionally, the Company hasallocated a substantial portion of their time and investment in bringing their services tothe market, and the raising of capital. 
**Principles of Consolidation**
The condensed consolidated financial statements include the accounts ofthe Company and its wholly owned subsidiary. All significant intercompany accounts andtransactions have been eliminated in consolidation. 
**Use of Estimates**
The preparation of financial statements in conformity with accountingprinciples generally accepted in the United States of America requires management to makeestimates and assumptions that affect the reported amounts of assets and liabilities anddisclosure of contingent assets and liabilities at the date of the financial statementsand the reported amounts of revenues and expenses during the reporting period. On anongoing basis, the Company evaluates its estimates, including, but not limited to, thoserelated to derivative liabilities, bad debts, income taxes and contingencies. The Companybases its estimates on historical experience and on various other assumptions that arebelieved to be reasonable under the circumstances, the results of which form the basis formaking judgments about the carrying value of assets and liabilities that are not readilyapparent from other sources. Actual results could differ from those estimates.
**Cash and Cash Equivalents**
The Company considers all highly liquid debt instruments and othershort-term investments with an initial maturity of three months or less to be cashequivalents. Any amounts of cash in financial institutions over FDIC insured limits,exposes the Company to cash concentration risk. 
**Fair Value of Financial Instruments (other than Derivative FinancialInstruments)**
The carrying amounts reported in the condensed consolidated balancesheet for cash and cash equivalents, and accounts payable approximate fair value becauseof the immediate or short-term maturity of these financial instruments. For the notespayable, the carrying amount reported is based upon the incremental borrowing ratesotherwise available to the Company for similar borrowings. 

**Research and Development**
The Company annually incurs costs on activities that relate to researchand development of new technology and products. Research and development costs areexpensed as incurred. Certain of these costs would be reduced by government grants andinvestment tax credits where applicable. The Company has expensed its payments inconnection with the license agreement as research and development costs. 
**Revenue Recognition**
The Company has not recognized revenues to date. The Companyanticipates recognizing revenue in accordance with the contracts it enters into for thedistribution of the products that are currently in development. 
**Accounts Receivable**
The Company when it will conduct business it will extend credit basedon an evaluation of the customers’ financial condition, generally without requiringcollateral. Exposure to losses on receivables is expected to vary by customer due to thefinancial condition of each customer. The Company monitors exposure to credit losses andmaintains allowances for anticipated losses considered necessary under the circumstances.The Company has not recorded any receivables, and therefore no allowance for doubtfulaccounts at March 31, 2009 and December 31, 2008, respectively. 

Accounts receivable will generally be due within 30 days and collateralis not required. 
**Income Taxes**
Under Financial Accounting Standards Board Statement No. 109,“Accounting for Income Taxes,” the liability method is used in accounting forincome taxes. Under this method, deferred tax assets and liabilities are determined basedon differences between financial reporting and tax bases of assets and liabilities, andare measured using the enacted tax rates and laws that will be in effect when thedifferences are expected to reverse. 
**Uncertainty in Income Taxes**
In July 2006, the FASB issued interpretation No. 48 (FIN No. 48),“Accounting for Uncertainty in Income Taxes.” This interpretation requiresrecognition and measurement of uncertain income tax positions using a“more-likely-than-not” approach. FIN No. 48 is effective for fiscal yearsbeginning after December 15, 2006. Management has adopted FIN 48 for 2007, and theyevaluate their tax positions on an annual basis and have determined that as of March 31,2009 no additional accrual for income taxes is necessary. 
**Advertising Costs**
The Company expenses the costs associated with advertising as incurred.Advertising expenses for the three months ended March 31, 2009 and 2008 are included inprofessional, consulting and marketing fees in the condensed consolidated statements ofoperations. 
**Fixed Assets**
Fixed assets are stated at cost. Depreciation is computed using thestraight-line method over the estimated useful lives of the assets; computer and medicalequipment - 5 years, and furniture and fixtures - 5 years. 

When assets are retired or otherwise disposed of, the costs and relatedaccumulated depreciation are removed from the accounts, and any resulting gain or loss isrecognized in income for the period. The cost of maintenance and repairs is charged toincome as incurred; significant renewals and betterments are capitalized. Deduction ismade for retirements resulting from renewals or betterments. 
**Impairment of Long-Lived Assets**
Long-lived assets, primarily fixed assets, are reviewed for impairmentwhenever events or changes in circumstances indicate that the carrying amount of theassets might not be recoverable. The Company does not perform a periodic assessment ofassets for impairment in the absence of such information or indicators. Conditions thatwould necessitate an impairment assessment include a significant decline in the observablemarket value of an asset, a significant change in the extent or manner in which an assetis used, or a significant adverse change that would indicate that the carrying amount ofan asset or group of assets is not recoverable. For long-lived assets to be held and used,the Company recognizes an impairment loss only if its carrying amount is not recoverablethrough its undiscounted cash flows and measures the impairment loss based on thedifference between the carrying amount and estimated fair value. 
**(Loss) Per Share of Common Stock**
Basic net (loss) per common share is computed using the weightedaverage number of common shares outstanding. Diluted earnings per share ("EPS")include additional dilution from common stock equivalents, such as stock issuable pursuantto the exercise of stock options and warrants. Common stock equivalents were not includedin the computation of diluted earnings per share on the consolidated statement ofoperations due to the fact that the Company reported a net loss and to do so would beanti-dilutive for the periods presented. 

The following is a reconciliation of the computation for basic anddiluted EPS: 
**Cumulative****Totla since****January 14, 1998****March    31, 2009****March    31, 2008****(Inception)**  Net loss$(304,098)$(1,202,518)$(8,714,382)Weighted-average common shares outstanding (basic)98,453,79499,003,32429,055,563Weighted-average common stock equivalents    Convertible Notes16,843,33316,843,33316,843,333   Stock options---   Warrants14,486,06614,486,06614,486,066Weighted-average commons shares outstanding    (diluted)129,783,193130,332,72360,384,962**Stock-Based Compensation**
On December 16, 2004, the Financial Accounting Standards Board(“FASB”) published Statement of Financial Accounting Standards No. 123 (Revised2004), *“Share-Based Payment”*(“SFAS 123R”). SFAS 123R requiresthat compensation cost related to share-based payment transactions be recognized in thefinancial statements. Share-based payment transactions within the scope of SFAS 123Rinclude stock options, restricted stock plans, performance-based awards, stockappreciation rights, and employee share purchase plans. The provisions of SFAS 123R, asamended, are effective for small business issuers beginning as of the next interim periodafter December 15, 2005. 

On January 1, 2006, the Company adopted the provisions of FAS No. 123R“Share-Based Payment” (“FAS 123R”) which requires recognition ofstock-based compensation expense for all share-based payments based on fair value. Priorto January 1, 2006, the Company measured compensation expense for all of its share-basedcompensation using the intrinsic value method prescribed by Accounting Principles Board(“APB”) Opinion No. 25, “Accounting for Stock Issued to Employees”(“APB 25”) and related interpretations. 
**Stock-Based Compensation (Continued)

The Company has provided pro forma disclosure amounts in accordancewith FAS No. 148, “Accounting for Stock-Based Compensation - Transition andDisclosure - an amendment of FASB Statement No. 123” (“FAS 148”), as if thefair value method defined by FAS No. 123, “Accounting for Stock BasedCompensation” (“FAS 123”) had been applied to its stock-based compensation.

The Company has elected to use the modified-prospective approachmethod. Under that transition method, the calculated expense in 2006 is equivalent tocompensation expense for all awards granted prior to, but not yet vested as of January 1,2006, based on the grant-date fair values estimated in accordance with the originalprovisions of FAS 123. Stock-based compensation expense for all awards granted afterJanuary 1, 2006 is based on the grant-date fair values estimated in accordance with theprovisions of FAS 123R. The Company recognizes these compensation costs, net of anestimated forfeiture rate, on a pro rata basis over the requisite service period of eachvesting tranche of each award. The Company considers voluntary termination behavior aswell as trends of actual option forfeitures when estimating the forfeiture rate. 

The Company measures compensation expense for its non-employeestock-based compensation under the Financial Accounting Standards Board (FASB) EmergingIssues Task Force (EITF) Issue No. 96-18, *“Accounting for Equity Instruments thatare Issued to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods orServices".*The fair value of the option issued is used to measure thetransaction, as this is more reliable than the fair value of the services received. Thefair value is measured at the value of the Company’s common stock on the date thatthe commitment for performance by the counterparty has been reached or thecounterparty’s performance is complete. The fair value of the equity instrument ischarged directly to compensation expense and additional paid-in capital. For common stockissuances to non-employees that are fully vested and are for future periods, the Companyclassifies these issuances as prepaid expenses and expenses the prepaid expenses over theservice period. At no time has the Company issued common stock for a period that exceedsone year. 
**Segment Information**
The Company follows the provisions of SFAS No. 131, *"Disclosuresabout Segments of an Enterprise and Related Information”.*This standard requiresthat companies disclose operating segments based on the manner in which managementdisaggregates the Company in making internal operating decisions. The Company onlyoperates in one reporting segment as of March 31, 2009 and for the three months endedMarch 31, 2009 and 2008. 
**Debt Issuance Costs**
Debt issuance costs relate to the fees paid in connection with theConvertible Notes. These fees are being amortized over the life of the Convertible Noteswhich is three years. Should the notes be converted prior to the maturity date of threeyears, then the debt issuance costs will be amortized sooner. The Company amortized$24,349 for the three months ended March 31, 2009 and 2008, respectively. 
**Beneficial Conversion Features**
EITF 00-27 applies to convertible securities with beneficial conversionfeatures that must be settled in stock and to those that give the issuer a choice insettling the obligation in either stock or cash. EITF 00-27 requires that the beneficialconversion feature should be valued at the commitment date as the difference between theconversion price and the fair market value of the common stock into which the security isconvertible, multiplied by the number of shares into which the security is convertible.EITF 00-27 further limits this amount to the proceeds allocated to the convertibleinstrument. 
**Recent Accounting Pronouncements**
In September 2006, the FASB issued SFAS 157, “Fair ValueMeasurements.” This standard defines fair value, establishes a framework formeasuring fair value in generally accepted accounting principles, and expands disclosureabout fair value measurements. This statement is effective for financial statements issuedfor fiscal years beginning after November 15, 2007. Early adoption is encouraged. Theadoption of SFAS 157 did not have a material impact on the consolidated financialstatements. 

In February 2007, the FASB issued FAS No. 159, “The Fair ValueOption for Financial Assets and Financial Liabilities - Including an amendment of FASBStatement No. 115” (“FAS 159”) which permits entities to choose to measuremany financial instruments and certain other items at fair value at specified electiondates. A business entity is required to report unrealized gains and losses on items forwhich the fair value option has been elected in earnings at each subsequent reportingdate. This statement is expected to expand the use of fair value measurement. FAS 159 iseffective for financial statements issued for fiscal years beginning after November 15,2007, and interim periods within those fiscal years. 

In December 2007, the FASB issued SFAS No. 160, “Non-controllingInterests in Consolidated Financial Statements, an amendment of Accounting ResearchBulletin No 51” (SFAS 160). SFAS 160 establishes accounting and reporting standardsfor ownership interests in subsidiaries held by parties other than the parent, changes ina parent’s ownership of a non-controlling interest, calculation and disclosure of theconsolidated net income attributable to the parent and the non-controlling interest,changes in a parent’s ownership interest while the parent retains its controllingfinancial interest and fair value measurement of any retained non-controlling equityinvestment. 

SFAS 160 is effective for financial statements issued for fiscal yearsbeginning after December 15, 2008, and interim periods within those fiscal years. Earlyadoption is prohibited. The adoption of SFAS 160 did not have a material impact on theCompany’s consolidated financial position, results of operations or cash flows. 

In December 2007, the FASB issued SFAS 141R, *Business Combinations*(“SFAS141R”), which replaces FASB SFAS 141, *Business Combinations.*This Statementretains the fundamental requirements in SFAS 141 that the acquisition method of accountingbe used for all business combinations and for an acquirer to be identified for eachbusiness combination. SFAS 141R defines the acquirer as the entity that obtains control ofone or more businesses in the business combination and establishes the acquisition date asthe date that the acquirer achieves control. SFAS 141R will require an entity to recordseparately from the business combination the direct costs, where previously these costswere included in the total allocated cost of the acquisition. SFAS 141R will require anentity to recognize the assets acquired, liabilities assumed, and any non-controllinginterest in the acquired at the acquisition date, at their fair values as of that date.This compares to the cost allocation method previously required by SFAS No. 141. SFAS 141Rwill require an entity to recognize as an asset or liability at fair value for certaincontingencies, either contractual or non-contractual, if certain criteria are met.Finally, SFAS 141R will require an entity to recognize contingent consideration at thedate of acquisition, based on the fair value at that date. This Statement will beeffective for business combinations completed on or after the first annual reportingperiod beginning on or after December 15, 2008. Early adoption of this standard is notpermitted and the standards are to be applied prospectively only. The adoption of SFAS No.141R did not have a material effect on the Company’s consolidated financial position,results of operations or cash flows. 

In December 2007, the Securities and Exchange Commission issued StaffAccounting Bulletin No. 110, “*Use of a Simplified Method in Developing ExpectedTerm of Share Options”*(“SAB 110”). SAB 110 expresses the current viewof the staff that it will accept a company’s election to use the simplified methoddiscussed in Staff Accounting Bulletin No. 107, *“Share Based Payment”*(“SAB107”), for estimating the expected term of “plain vanilla” share optionsregardless of whether the company has sufficient information to make more refinedestimates. SAB 110 became effective for the Company on January 1, 2008. The adoption ofSAB 110 did not have a material impact on the Company’s financial position. 

In March 2008, the FASB issued SFAS No. 161, “Disclosures aboutDerivative Instruments and Hedging Activities, an amendment of FASB Statement No. 133(“SFAS 161”). SFAS 161 requires enhanced disclosures about an entity’sderivative and hedging activities. These enhanced disclosures will discuss: how and why anentity uses derivative instruments; how derivative instruments and related hedged itemsare accounted for under SFAS 133 and its related interpretations; and how derivativeinstruments and related hedged items affect an entity’s financial position, financialperformance, and cash flows. SFAS 161 is effective for financial statements issued forfiscal years and interim periods beginning after November 15, 2008. The Company does notbelieve that SFAS 161 will have an impact on their results of operations or financialposition.

In May 2008, the FASB issued SFAS No. 162, “The Hierarchy ofGenerally Accepted Accounting Principles” (SFAS 162). SFAS 162 makes the hierarchy ofgenerally accepted accounting principles explicitly and directly applicable to preparersof financial statements, a step that recognizes preparers’ responsibilities forselecting the accounting principles for their financial statements. The effective date forSFAS 162 is 60 days following the U.S. Securities and Exchange Commission’s approvalof the Public Company Accounting Oversight Board’s related amendments to remove theGAAP hierarchy from auditing standards, where it has resided for some time. The adoptionof SFAS 162 will not have an impact on the Company’s results of operations orfinancial position.

In May 2008, the FASB issued SFAS No. 163, “Accounting forFinancial Guarantee Insurance Contracts – an interpretation of SFAS No. 60”(SFAS 163). SFAS 163 prescribes accounting for insures of financial obligations, bringingconsistency to recognizing and recording premiums and to loss recognition. SFAS 163 alsorequires expanded disclosures about financial guarantee insurance contracts. Except forsome disclosures, SFAS 163 is effective for financial statements issued for fiscal yearsbeginning after December 15, 2008. The adoption of SFAS 163 will not have an impact on theCompany’s results of operations or financial position. 

In April 2008, the FASB issued FSP No. FAS 142-3, “Determinationof the Useful Life of Intangible Assets”. This FSP amends the factors that should beconsidered in developing renewal or extension assumptions used to determine the usefullife of a recognized intangible asset under SFAS No. 142, “Goodwill and OtherIntangible Assets”. The Company was required to adopt FSP 142-3 on October 1, 2008.The guidance in FSP 142-3 for determining the useful life of a recognized intangible assetshall be applied prospectively to intangible assets acquired after adoption, and thedisclosure requirements shall be applied prospectively to all intangible assets recognizedas of, and subsequent to, adoption. The Company does not believe FSP 142-3 will materiallyimpact their financial position, results of operations or cash flows.

In May 2008, the FASB issued FSP Accounting Principles Board 14-1,“Accounting for Convertible Debt Instruments That May Be Settled in Cash uponConversion (Including Partial Cash Settlement)” (“FSP APB 14-1”). FSP APB14-1 requires the issuer of certain convertible debt instruments that may be settled incash (or other assets) on conversion to separately account for the liability (debt) andequity (conversion option) components of the instrument in a manner that reflects theissuer’s non-convertible debt borrowing rate. FSP APB 14-1 is effective for fiscalyears beginning after December 15, 2008 on a retroactive basis. The Company does notbelieve that the adoption of FSP APB 14-1 will have a material effect on its financialposition, results of operations or cash flows.

In June 2008, the Emerging Issues Task Force issued EITF No. 07-05,“Determining Whether an Instrument (or Embedded Feature) Is Indexed to anEntity’s Own Stock” (“EITF 07-05”), which supersedes the definition inEITF 06-01 for periods beginning after December 15, 2008. The objective of EITF 07-05 isto provide guidance for determining whether an equity-linked financial instrument (orembedded feature) is indexed to an entity’s own stock and it applies to anyfreestanding financial instrument or embedded feature that has all the characteristics ofa derivative in FSAB 133, for purposes of determining whether that instrument or embeddedfeature qualifies for the first part of the scope exception in paragraph 11(a) of SFAS 133(“the Paragraph 11(a) Exception”). EITF 07-05 also applies to any freestandingfinancial instrument that is potentially settled in an entity’s own stock, regardlessof whether the instrument is within the scope of EITF 00-19. The Company is determiningwhat impact, if any, EITF 07-05 will have on its financial position, results of operationsand cash flows.

In June 2008, the Emerging Issues Task Force issued EITF 08-04,“Transition Guidance for Conforming Changes to EITF 98-5, Accounting for ConvertibleSecurities with Beneficial Conversion Features or Contingently Adjustable ConversionRatios” (“EITF 08-04”). EITF 08-04 is effective for years ending afterDecember 15, 2008. The overall objective of EITF 08-04 is to conform the requirements ofEITF 00-27 and FASB 150 with EITF 98-5 to provide for consistency in application of thestandard. The Company has computed and recorded a beneficial conversion feature inconnection with certain of their prior financing arrangements and does not believe thatEITF 08-04 will have a material effect on that accounting.

Other accounting standards that have been issued or proposed by theFASB or other standards-setting bodies that do not require adoption until a future dateare not expected to have a material impact on the consolidated financial statements uponadoption. 
**NOTE 3 - FIXED ASSETS**
Fixed assets as of March 31, 2009 and December 31, 2008 were asfollows: 
**Estimated****Useful Lives****March 31, 2008****(Years)**(Unaudited)**December    31, 2008**Computer and medical equipment5$126,319$126,319Software312,00012,000138,319138,319Less: accumulated depreciation(74,388)(68,767)Weighted-average commons shares Outstanding    (Diluted)$63,931$69,552**NOTE 4 - CONVERTIBLE NOTES**
In April and May 2007, the Company issued 5% Senior Convertible 3 YearNotes to investors in the amount of $2,526,500, which equaled the gross proceeds raised bythe Company (the “Convertible Notes”). The Convertible Notes are convertible toshares of the Company’s common stock anytime in the three-year period at a fixedconversion price of $.15. The Convertible Notes will convert into 16,843,333 shares of theCompany’s common stock. None of the notes have been converted. The convertiblenoteholders received 6,737,333 detachable warrants with their notes. The warrants areexercisable for 5 years at an exercise price of $.25. The Placement Agent received2,947,583 exercisable at $.25 for 5 years. The Company under APB 14 separately valued thewarrants at $513,132, and recorded a debt discount in that amount which is being amortizedto interest expense over the three-year Convertible Notes period. The Company has recordedan additional discount of $505,300 as the value of the beneficial conversion option inaccordance with the provisions of EITF 00-27. 

Proceeds of the $2,526,500 allocated as follows (utilizing allocationas promulgated in APB 14): 

i) Convertible Notes - $2,013,368; and ii) Warrants (also Debt Discount) - $513,132. 

The debt discount of $1,018,432 is being amortized using the effectiveinterest method over the life of the Convertible Notes of three years. As part of thetransaction, the Company incurred $292,190 of debt issuance costs. 

Interest expense on the Convertible Notes for the three months endedMarch 31, 2009 and 2008 was $31,495 and $31,495, respectively and $121,954 is accrued atMarch 31, 2009. Interest expense on the debt discount was $43,348 and $41,238 for thethree months ended March 31, 2009 and 2008, respectively, and amortization of the discounton the beneficial conversion feature was $42,687 and $40,608, respectively for the threemonths ended March 31, 2009 and 2008. 

The summary of the Convertible Notes is as follows at March 31, 2009: 
$2,526,500 Convertible Debenture, net of discount of    $385,466 at 5% interest per annum due May 2010$2,141,034Less: Current maturities-Long-term portion$2,141,034Maturities over the next two years are as follows:2010$-20112,141,034$2,141,034**NOTE 5 - RELATED PARTY LOANS**
The Company has unsecured loans with two of its directors. There was$12,500 outstanding as of March 31, 2009. These loans were made to fund the Company withworking capital during the development stage. The loans are accruing interest at a rate of5% per annum. Interest expense during the three months ended March 31, 2009 and accrued atMarch 31, 2009 is $94. There were no amounts outstanding in 2008.
**NOTE 6 - LICENSE AND ROYALTY FEES

Lawrence Livermore
The Company on September 14, 2001, entered into a Limited ExclusivePatent License Agreement for Optical Coherence Tomography for Human and Animal Dentistrywith The Regents of the University of California (Lawrence Livermore NationalLaboratories). Pursuant to this license agreement, the Company entered into an installmentnote with Lawrence Livermore National Laboratories. In the license agreement, the Companyagreed to pay to Lawrence Livermore a total of $175,000 in installments commencingSeptember 2001. The $175,000 note did not include annual minimum royalty fees or interest.The first installment was a license issue fee of $15,000 which was paid by the Company.The second installment of $50,000 was the second part of the issue fee that was to be paidin nine monthly installments commencing April 2003 was partially paid by the Company($26,000). The last installment was originally due December 31, 2005 but it was extendedby Lawrence Livermore to October 1, 2006 in the amount of $110,000. The total due underthe license agreement was $134,000, prior to a payment made by the Company in October 2006of $50,000. 

Upon payment of this amount, the parties agreed to amend the agreementthey had for payment of the balance of $84,000 along with the unpaid royalty fees of$380,000 for 2003, 2004 and 2005 as noted below. The Company incurred $10,000 ofmaintenance fees in February 2007, and paid these on February 28, 2007. 

In addition to the license fee, the Company agreed to pay minimumroyalties to Lawrence Livermore beginning in 2004. The Company prior to the amendment tothe agreement had not paid any of the royalties to Lawrence Livermore. 

The royalties due were for 2003 $30,000, for 2004 $100,000 and $250,000for 2005. These fees were to be paid February 28 of each year for the prior calendar year.The royalties due were $380,000. 

The parties agreed on December 22, 2006 to amend the agreement. TheCompany agreed to pay Lawrence Livermore a total of $144,000 in three installments;$10,000 by February 28, 2007 (which was for maintenance fees for 2007 and paid by theCompany), $84,000 by July 28, 2007 (which was paid by the Company on July 9, 2007), andthe final $50,000 by December 31, 2007 (which was paid by the Company on December 11,2007). The $380,000 of minimum royalties have been forgiven by Lawrence Livermore andreclassified to additional paid in capital as of December 22, 2006. 

On January 1, 2008, the Company paid minimum annual royalty fees of$20,000 for 2008. 

On February 18, 2009, the Company and Lawrence Livermore entered intoan Amended License Agreement whereby, the Company is obligated to pay minimum royalty feesof $20,000 by September 28, 2009 (for 2009), $20,000 by February 28, 2010 (for 2010),$60,000 by February 28, 2011 (for 2011), $100,000 by February 28, 2012 (for 2012), and$250,000 by February 28, 2013 and February 28 each thereafter (for 2013 and each yearthereafter).

There were no amounts outstanding to Lawrence Livermore as of March 31,2009 and December 31, 2008.
**LightLab**
The Company, other than its obligations under the License Agreementwith Lawrence Livermore as well as its obligations under the Non-Exclusive LicenseAgreement for Imaging Patents between themselves and LightLab Imaging, LLC entered intoAugust 8, 2001, has no other commitments. 

The License Agreement had an original term of 5 years, commencing 2years after the original agreement date, which would expire August 8, 2008, and thelicense could be renewed. The minimum royalty requirements were based on Net Sales by theCompany. Since the Company generated no sales in the periods, there were no amounts due.On December 19, 2006, the Company and LightLab Imaging, Inc. negotiated an amendmentwhereby the new term of the agreement is, unless terminated by either party to remain ineffect for three years following whichever of the following events occurs first: i) theCompany’s release of a licensed product; ii) the Company’s first commercial saleof a licensed product, or; iii) July 1, 2007 (July 1, 2010). The Company on September 18,2007 paid LightLab Imaging, LLC $50,000. 

There were no amounts outstanding to LightLab as of March 31, 2009 andDecember 31, 2008.
**University of Florida**
On May 31, 2007, the Company entered into an exclusive licensingagreement for the field of dentistry with The University of Florida Research Foundationfor novel technology relevant to the imaging probe of its Dental Imaging System. TheAgreement carries a $1,000 initial licensing fee with royalty payments to commence in2008. 
**University of California – San Francisco**
On July 9, 2008, the Company entered an exclusive license agreement fornear-infrared transillumination for the imaging of early dental decay with The Regents ofthe University of California. The agreement requires the payment of an initialnon-refundable license fee of $10,000 and annual license fees of $5,000. The agreementalso requires the payment of certain milestone payments based on patent allowance and FDAapproval. Minimum royalties are required as follows: 
First year of sales, or no later than 2010$10,000Second yea50,000Third year100,000Fourth year150,000Fifth and subsequent years200,000
Earned royalties of 5% of net sales of the product or method arerequired to the extent that they exceed the minimum royalties. The agreement continues ineffect until terminated by the parties or the patent rights expire or are abandoned. TheCompany paid $2,920 in license fees ($2,500) and other patent and legal expenses ($420) inthe three months ended March 31, 2009, and there are no amounts accrued for as of March31, 2009.
**NOTE 7 - COMMITMENTS 

AXSUN
In June 2008, the Company entered into a strategic agreement with AXSUNTechnologies, Inc. (“AXSUN”) whereby AXSUN will manufacture and supply theintegrated OCT engine for the OCT System. Under the terms of the agreement, the Companyhas exclusive rights to the OCT engine for use in diagnostic imaging of teeth and softtissue in human and animal dentistry. The exclusivity is subject to the Company’spurchasing a minimum number of OCT engines in each year, commencing in 2009. Minimumannual purchases are required to maintain exclusivity.The Company will be required to order 1,000 OCT engines over an 18month period at a per unit price of $5,000. This agreement is for a period of 4 years, tobe renewed annually thereafter. The Company also issued 500,000 shares of stock to AXSUNin connection with the agreement.**Employment Agreements**
The Company has entered into employment agreements with its two seniorofficers through December 31, 2010. The agreements obligate the Company to pay theseofficers $200,000 per year through December 31, 2010. Total commitment for the Company is$350,000 through December 31, 2010. The Company and the officers can terminate theseagreements, and can adjust compensation at anytime during the length of the contracts.Through March 31, 2009, the Company has accrued compensation to these two officers in theamount of $810,000. The amount owed to these officers will be paid in the form of aconvertible note bearing interest at 5% per annum, convertible to common stock at a priceequal to the average bid price prior to conversion. 
**NOTE 8 - STOCKHOLDERS’ EQUITY (DEFICIT)

Common Stock and Preferred Stock
As of March 31, 2009, the Company has 990,000,000 shares of commonstock authorized with a par value of $.001. On December 9, 2004, Lantis Laser Inc.increased the authorized shares from 250,000,000 to 990,000,000. They also removed the1,000,000 shares of preferred stock from its charter, and on January 23, 2007, amendedtheir articles of incorporation to create a class of preferred stock, and authorized theissuance of 10,000,000 shares of preferred stock at $.001 par value. No shares have beenissued to date. 

The Company has 98,268,238 and 100,118,238 shares issued andoutstanding as of March 31, 2009 and December 31, 2008, respectively. 

During the three months ended March 31, 2009, the Company issued1,150,000 shares to various consulting companies for public and investor relationservices. These shares were valued at $.10 per share or $115,000. In addition, the Companyreceived 3,000,000 shares of stock in settlement of its complaints against Ice ColdStocks, LLC and DC International Consulting LLC. These shares were returned to theTreasury and retired, (see Note 11). 

During the year ended December 31, 2008, the Company issued 575,000shares to various consulting companies for public and investor relation services and500,000 shares to a vendor in connection with a strategic supply agreement related to anOptical Coherence Tomography (OCT) engine for use in future products. These shares werevalued between $.21 and $.26 per share or $229,500. In addition, a former noteholder whoreceived warrants in 2006 exercised his warrants at $.15 per share for 69,850 shares ofcommon stock for a cash value paid to the Company of $10,478. 

In 2007, the Company issued 6,460,000 shares to various consultants forpublic and investor relation services. These shares were valued at various prices between$.21 and $.40 per share or $2,534,550. 

In addition, two former noteholders who received warrants in 2006exercised their warrants at $.15 per share in 2007 for a cash value paid to the Company of$24,506. 

During the year ended December 31, 2006, the Company completed aprivate placement resulting in the sale of 5,850,000 shares of its common stock at a priceper share of $0.10. For every 1.8 share of common stock purchased, the investors received1 warrant. The Company valued each component in accordance with APB 14. The Companyreceived, net of fees, $521,500 through December 31, 2006. The Company also issued1,500,000 to a consulting company for public and investor relation services. These shareswere valued at $.10 per share or $150,000. 

On June 16, 2006, the Company authorized a reverse 1 for 2 stock spliton all issued shares. All shares herein have been reflected retroactive to the stocksplit. 

For the year ended December 31, 2005, the Company issued no shares ofcommon stock. 

During 2004, the only shares issued were in connection with the reversemerger between Lantis Laser, Inc. and Hypervelocity, Inc. The total shares issued were127,718,500 which included the 6,422,500 shares issued for the conversion of the notes,done simultaneously with the merger. 
**Warrants**
The Company granted 3,250,000 warrants to the investors who took partin the private placement of $585,000 based on a 1: 1.8 conversion ratio. The warrants werevalued in accordance with APB 14 at a value of $208,143 utilizing the Black-Scholesmethod. 

The Company granted 1,605,625 warrants to former noteholders that hadpreviously converted their notes into shares of common stock in 2004. The Company valuedthese warrants utilizing the Black-Scholes method and expensed them in their consolidatedstatements of operations. The warrants have a fair value of $159,610. Two of these formernoteholders who received these warrants exercised their warrants at $.15 per share in 2008and 2007 for a cash value paid to the Company of $34,984. 

The Company granted 178,750 warrants to a consultant who assisted theCompany in their private placement. The Company valued these warrants utilizing theBlack-Scholes method and expensed them in their consolidated statements of operations. Thewarrants have a fair value of $17,769. 

The Company granted 6,737,333 warrants to the convertible noteholderinvestors who took part in the debt offering based on a 4:10 conversion ratio. Thewarrants were valued in accordance with APB 14 at a value of $513,132 utilizing theBlack-Scholes method. 

The Company granted 2,947,583 warrants to the placement agent whomanaged the issuance of the 5% Senior Convertible Note. The Company valued these warrantsutilizing the Black-Scholes method and expensed them in their consolidated statements ofoperations. The warrants have a fair value of $292,518. 

The following is a breakdown of the warrants: 
**Warrants**
**Exercise Price**
**Date Issued****Term**3,250,000$0.1509/28/20065 Years1,372,400$0.1509/28/20065 Years178,750$0.1509/28/20065 Years6,737,333$0.2505/01/20075 Years2,947,583$0.2505/17/20075 Years14,486,066
The value of the warrants has been determined using the Black-Scholespricing model using the following assumptions:
**Private Placement**2006 Former Noteholders**Consultant**2007 Convertible Noteholders**Consultant
Expected term    (in years)
5
5
5
3
5
Expected stock    volatility
250%
250%
250%
250%
250%
Expected stock    dividend Yield
0%
0%
0%
0%
0%
Risk-free    interest rate
2.75%
2.75%
2.75%
4.50%
2.75%
Fair value per    warrant
$ 0.0994
$ 0.0994
$ 0.0994
$ 0.0956
$    0.0992
Number of    warrants
3,250,000
1,605,625
178,750
6,737,333
2,947,583
Value of    warrants
$ 208,143
$ 159,610
$ 17,769
$ 643,835
$    292,518
Relative value    of warrants
$ 208,143
$ 159,610
$ 17,679
$ 513,132
$    292,518
The warrant agreements contain no clauses regarding adjustments toexercise price, net settlement provisions, registration rights or liquidated damagesclauses. 
**NOTE 9 - PROVISION FOR INCOME TAXES**
Deferred income taxes are determined using the liability method for thetemporary differences between the financial reporting basis and income tax basis of theCompany’s assets and liabilities. Deferred income taxes are measured based on the taxrates expected to be in effect when the temporary differences are included in theCompany’s tax return. Deferred tax assets and liabilities are recognized based onanticipated future tax consequences attributable to differences between financialstatement carrying amounts of assets and liabilities and their respective tax bases. 

At March 31, 2009, deferred tax assets consist of the following: 

Net operating losses$
2,811,748
Valuation allowance 
(2,811,748)$
-
At March 31, 2009, the Company had a net operating loss carryforward inthe amount of $8,269,847 available to offset future taxable income through 2029. TheCompany established valuation allowances equal to the full amount of the deferred taxassets due to the uncertainty of the utilization of the operating losses in futureperiods. A reconciliation of the Company’s effective tax rate as a percentage ofincome before taxes and federal statutory rate for the periods ended March 31, 2009 and2008 is summarized as follows: 
**2009****2008**
Federal statutory    rate $(34.0%)(34.0%)
State income taxes,    net of federal benefits3.33.3
Valuation allowance 30.730.7$0%0%**NOTE 10 - JOINT VENTURE AGREEMENT WITH LEI**
On December 19, 2007, HyGeniLase, Inc., ("HyGeniLase") aDelaware corporation was formed. HyGeniLase is a joint venture between the Company andLaser Energetics, Inc., ("LEI"), an Oklahoma corporation, with each party owning50% of the company. HyGeniLase was formed to develop, manufacture, market, sell anddistribute dental laser process technology to the dental markets worldwide. 

In this joint venture, the Company is responsible for fundingHyGeniLase, clinical evaluation, process development, market development, and sales andmarketing to the human and animal dental market. The Company shall be directly compensatedby HyGeniLase for these functions at a rate equal to 5% of net sales less discounts. LEIis responsible for product development, product specifications, quality control, productimprovement and manufacturing. LEI shall be directly compensated by HyGeniLase for thesefunctions at a rate equal to cost plus 10% basis.

The Company is responsible for raising the initial funding ofHyGeniLase in the amount of approximately $650,000: approximately $25,000 being allocatedto fund a laser cost study to be conducted by LEI (all of which has been advanced);approximately $61,000 being allocated to purchase a reconditioned research laser (of which$42,664 has been advanced); and $550,000 being allocated to fund the development of apre-production prototype Alexandrite laser system to be provided by LEI (of which $100,000has been advanced). LEI has cancelled the balance of $18,336 due on the reconditionedlaser because of its late delivery, and the Company has suspended additional payments andfunding pending delivery of the research prototype by LEI. LEI’s default in deliveryof the research prototype occurred for technical reasons experienced by LEI. 

Upon delivery of the research prototype by LEI, subject to oursatisfactory clinical evaluation, the Company plans to resume performance of itsobligations under the terms of the joint venture. Neither party has called the other intodefault under the agreement. HyGeniLase will repay the Company for all advances it hasmade in connection with the initial funding after HyGeniLase has received funding of atleast $750,000 (in excess of the Company’s initial funding).

The $25,000 allocated to fund the laser cost study and the $550,000allocated to fund the development of a pre-production prototype will be (or have been)paid to LEI for the benefit of HyGeniLase, and LEI has provided the Company, for thebenefit of HyGeniLase, the laser cost study and will deliver the pre-production prototype.

The Company recognized a loss on the investment in HyGeniLase for theyear ended December 31, 2007 in the amount of $61,332 and for the year ended December 31,2008 of $25,000 under the equity method of accounting. 
**NOTE 11 - LITIGATION**
On June 2, 2008, the Company filed a complaint, Case No. CV08-3587, inthe U.S. District Court for the Central District of California – Western Divisionagainst Ice Cold Stocks, LLC (“Ice Cold”), VAR Growth Corporation(“VAR”), Barry Davis (“Davis”), Debbie Sutz (“Sutz”) andInterwest Transfer Co., Inc. (“Interwest”). In its complaint, the Company seeksto enjoin Interwest from removing restrictive legends and transferring 3,500,000 shares ofstock issued in connection with a consulting agreement the Company entered into with VARin November 2007 and to rescind those shares. The Company alleged breach of contractagainst Ice Cold and Sutz.

On June 16, 2008, the Company filed a complaint, Docket No. C-212-08,in the Superior Court of New Jersey, Chancery Division, General Equity Part (BergenCounty) against Barry Davis (“Davis”), DC International Consulting, LLC(“DC International”), Danny Colon (“Colon”) and Interwest TransferCo., Inc. (“Interwest”). In its complaint, the Company seeks to enjoin Interwestfrom removing restrictive legends and transferring 2,500,000 shares of stock issued inconnection with a consulting agreement the Company entered into with DC International inNovember 2007 and to rescind those shares. The Company alleged that DC International,Davis and Colon, breach of contract against DC International. As of November 18, 2008, theCompany had reached agreements to settle both of the foregoing actions, pursuant to whichthe defendants would surrender for cancellation an aggregate of 3,000,000 of the total6,000,000 shares of stock. On January 28, 2009, half of the 2,500,000 shares (1,250,000shares) in the DC Consulting transaction have been returned and placed back into treasury.On February 26, 2009, Davis returned a certificate for 3.165.000 shares. Half of theoriginal 3,500,000 shares (1,750,000) were returned to treasury and a new certificate inthe amount of 1,415,000 shares (the 1,750,000 shares less 335,000 shares were unable to bereturned as they had been transferred from this group). 

During the three months ended March 31, 2009 the 3,000,000 shares inthe Treasury were retired.
**NOTE 12 - FAIR VALUE MEASUREMENTS**
On January 1, 2008, the Company adopted SFAS 157. SFAS 157 defines fairvalue, provides a consistent framework for measuring fair value under generally acceptedaccounting principles and expands fair value financial statement disclosure requirements.SFAS 157’s valuation techniques are based on observable and unobservable inputs.Observable inputs reflect readily obtainable data from independent sources, whileunobservable inputs reflect our market assumptions. SFAS 157 classifies these inputs intothe following hierarchy:

Level 1 inputs: Quoted prices for identical instruments in activemarkets.

Level 2 inputs: Quoted prices for similar instruments in activemarkets; quoted prices for identical or similar instruments in markets that are notactive; and model-derived valuations whose inputs are observable or whose significantvalue drivers are observable.

Level 3 inputs: Instruments with primarily unobservable value drivers.

The following table represents the fair value hierarchy for thosefinancial assets and liabilities measured at fair value on a recurring basis as of March31, 2009:
**Level 1****Level 2****Level 3****Total**Cash116--116Investment under equity method-81,332-81,332Total assets72,80181,332-154,133Convertible debentures, net of discount--2,140,0342,140,034Total liabilities2,140,0342,140,034******************************** |