UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549




FORM
10-Q




x QUARTERLY REPORT UNDER SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934





For the
quarter ended March 31, 2010




 ̈ TRANSITION REPORT UNDER SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the
transition period from _____ to _____




Commission
File Number:333-147979




CASEYCORP
ENTERPRISES, INC.


(Exact
name of small business issuer as specified in its charter)





Nevada
                (State
      of incorporation)
              98-0523910
                (IRS
      Employer ID Number)





410 Park Avenue, 15th Floor


New York,
New York 10022


(Address
of principal executive offices)


(888)
251-3422


(Issuer's
telephone number)





(Former
name, former address and former fiscal year, if changed since last
report)





Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days. Yes x   No ̈





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act. (Check one):





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


(Do not
check if a smaller reporting company)





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes o Nox





As
of  May 14 , 2010, there were 45,000,000 shares of registrant’s
common stock, par value $0.0001 per share outstanding.




APPLICABLE
ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY


PROCEEDINGS
DURING THE PRECEDING FIVE YEARS:





Indicate
by check mark whether the registrant has filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act
of 1934 subsequent to the distribution of securities under a plan confirmed by a
court.


 ̈ Yes   ̈ No









TABLE
OF CONTENTS





PagePART
      IItem
      1.
                
                Financial
      Statements
                
                3-7Item
      2.
                
                Management’s
      Discussion and Analysis or Plan of Operations
                
                8Item
      3.
                
                Quantitative
      and Qualitative Disclosures About Market Risk
                
                9Item
      4T.
                
                Controls
      and Procedures
                
                9PART
      IIItem
      1.
                
                Legal
      Proceedings
                
                9Item
      IA.
                
                Risk
      Factors
                
                10Item
      2.
                
                Unregistered
      Sales of Equity Securities and Use of Proceeds
                
                10Item
      3.
                
                Defaults
      Upon Senior Securities
                
                10Item
      4.
                
                Removed
      and Reserved
                
                10Item
      5.
                
                Other
      Information
                
                10Item
      6.
                
                Exhibits
                
                10




2




CASEYCORP
ENTERPRISES INC. AND SUBSIDIARIES


CONDENSED
CONSOLIDATED BALANCE SHEETS




March 31,
                        
                        
                        December 31,2010
                        
                        
                        2009(Unaudited)ASSETSCURRENT
      ASSETSCash
                        
                        $
                        488,996
                        
                        
                        $
                        138,555Accounts
      receivable
                        
                        
                        194,287
                        
                        
                        
                        562,774Prepaid
      expenses and other current assets
                        
                        
                        -
                        
                        
                        
                        3,470Total
      current assets
                        
                        
                        683,283
                        
                        
                        
                        704,799Property
      and equipment - net
                        
                        
                        40,954
                        
                        
                        
                        12,884Security
      deposits
                        
                        
                        10,075
                        
                        
                        
                        10,075Intangible
      assets - net
                        
                        
                        530,475
                        
                        
                        
                        562,625Goodwill
                        
                        
                        598,200
                        
                        
                        
                        598,200Total
      assets
                        
                        $
                        1,862,987
                        
                        
                        $
                        1,888,583LIABILITIES
      AND STOCKHOLDERS' EQUITYCURRENT
      LIABILITIESAccounts
      payable and accrued liabilities
                        
                        $
                        64,932
                        
                        
                        $
                        31,062Accounts
      payable - related party
                        
                        
                        393,165
                        
                        
                        
                        359,583Income
      taxes payable
                        
                        
                        52,825
                        
                        
                        
                        84,185Loan
      payable, stockholder
                        
                        
                        37,857
                        
                        
                        
                        68,432Loan
      payable
                        
                        
                        4,500
                        
                        
                        
                        4,500Total
      current liabilities
                        
                        
                        553,279
                        
                        
                        
                        547,762LONG-TERM
      LIABILITIESDeferred
      income taxes
                        
                        
                        127,258
                        
                        
                        
                        140,118Total
      liabilities
                        
                        
                        680,537
                        
                        
                        
                        687,880COMMITMENTSSTOCKHOLDERS'
      EQUITYPreferred
      stock, $.0001 par value;5,000,000
      shares authorized; none issued and outstanding
                        
                        
                        -
                        
                        
                        
                        -Common
      stock, $.0001 par value;500,000,000
      shares authorized; 45,000,000issued
      and outstanding
                        
                        
                        4,500
                        
                        
                        
                        4,500Additional
      paid-in capital
                        
                        
                        1,135,888
                        
                        
                        
                        1,135,888Retained
      earnings
                        
                        
                        42,062
                        
                        
                        
                        60,315Total
      stockholders' equity
                        
                        
                        1,182,450
                        
                        
                        
                        1,200,703Total
      liabilities and stockholders' equity
                        
                        $
                        1,862,987
                        
                        
                        $
                        1,888,583





See Notes
to Condensed Consolidated Financial Statements.




3




CASEYCORP
ENTERPRISES INC. AND SUBSIDIARIES


CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS





Three Months
                  
                  
                  Three MonthsEnded
                  
                  
                  EndedMarch 31,
                  
                  
                  March 31,2010
                  
                  
                  2009(Unaudited)
                  
                  
                  (Unaudited)Revenues
                  
                  $
                  12,411,430
                  
                  
                  $
                  -Cost
      of sales
                  
                  
                  12,241,429
                  
                  
                  
                  -Gross
      profit
                  
                  
                  170,001
                  
                  
                  
                  -General
      and administrative expenses
                  
                  
                  200,333
                  
                  
                  
                  4,550Loss
      from operations
                  
                  
                  (30,332
                  )
                  
                  
                  (4,550
                  )Interest
      expense
                  
                  
                  (90
                  )
                  
                  
                  (90
                  )Loss
      before provision of tax benefits
                  
                  
                  (30,422
                  )
                  
                  
                  (4,640
                  )Provision
      for income tax benefits
                  
                  
                  (12,169
                  )
                  
                  
                  -Net
      loss
                  
                  $
                  (18,253
                  )
                  
                  $
                  (4,640
                  )Basic
      and diluted loss per share:
                  
                  $
                  0.00
                  
                  
                  $
                  0.00Weighted
      average number of shares outstandingBasic
      and diluted
                  
                  
                  45,000,000
                  
                  
                  
                  22,416,667





See Notes
to Condensed Consolidated Financial Statements.




4





CASEYCORP
ENTERPRISES INC. AND SUBSIDIARIES


CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS




Three Months
                  
                  
                  Three MonthsEnded
                  
                  
                  EndedMarch 31,
                  
                  
                  March 31,2010
                  
                  
                  2009(Unaudited)
                  
                  
                  (Unaudited)CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
                  
                  $
                  (18,253
                  )
                  
                  $
                  (4,640
                  )Adjustments
      to reconcile net loss to net cashprovided by operating activities:Common
      stock issued for services rendered
                  
                  
                  -
                  
                  
                  
                  250Depreciation
      and amortization
                  
                  
                  34,672
                  
                  
                  
                  -Deferred
      income taxes
                  
                  
                  (12,860
                  )(Increase)
      decrease in operating assets:Accounts
      receivable
                  
                  
                  368,487
                  
                  
                  
                  -Prepaid
      expenses and other current assets
                  
                  
                  3,470
                  
                  
                  
                  -Increase
      (decrease) in operating liabilities:Accounts
      payable
                  
                  
                  33,869
                  
                  
                  
                  4,390Accounts
      payable - related party
                  
                  
                  33,582
                  
                  
                  
                  -Income
      taxes payable
                  
                  
                  (31,359
                  )
                  
                  
                  -Net
      cash provided by operating activities
                  
                  
                  411,608
                  
                  
                  
                  -CASH
      FLOWS FROM  INVESTING ACTIVITIESPurchases
      of property and equipment
                  
                  
                  (30,592
                  )
                  
                  
                  -Net
      cash used in investing activities
                  
                  
                  (30,592
                  )
                  
                  
                  -CASH
      FLOWS FROM FINANCING ACTIVITIESRepayments
      of stockholder loans
                  
                  
                  (30,575
                  )
                  
                  
                  -Net
      cash used in financing activities
                  
                  
                  (30,575
                  )
                  
                  
                  -INCREASE
      IN CASH
                  
                  
                  350,441
                  
                  
                  
                  -CASH
      - BEGINNING OF PERIOD
                  
                  
                  138,555
                  
                  
                  
                  -CASH
      - END OF PERIOD
                  
                  $
                  488,996
                  
                  
                  $
                  -Supplemental
      disclosures of cash flow information:Cash
      paid for:Interest
                  
                  $
                  -
                  
                  
                  $
                  -Taxes
                  
                  $
                  32,000
                  
                  
                  $
                  -




See Notes
to Condensed Consolidated Financial Statements.




5




CASEYCORP
ENTERPRISES, INC.


NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS




NOTE
1 – GENERAL





Caseycorp
Enterprises, Inc. (the “Company”) was incorporated on February 21, 2007 under
the laws of the State of Nevada. The Company originally planned to focus on
developing and distributing advanced surveillance and security products.On May 14, 2009, the Company acquired ESM Refiners,
Inc. ("ESM") to enter into the business of being a wholesale buyer and seller of
gold and diamonds. The Company acts as a middleman aggregating gold and
diamonds, which is purchased primarily from retail jewelers (who have purchased
gold from customers) and selling it to refiners. On October 2, 2009, the Company
acquired all of the outstanding shares of EZSellGold.com,
Inc. (“EZS”).  EZS is engaged in the business of purchasing gold
and diamonds from consumers.




NOTE
2 – BASIS OF PRESENTATION





The
accompanying unaudited condensed financial statements of the Company have
been prepared in accordance with U.S. generally accepted accounting principles
for interim financial information and with Rule 8-03 of Regulation S-X.
Accordingly, they do not include all of the information and footnotes required
by generally accepted accounting principles for complete financial statements.
In the opinion of management, all adjustments (consisting of normal recurring
accruals) considered necessary for a fair presentation have been included.
Operating results for the three months ended March 31, 2010, are not necessarily
indicative of the results that may be expected for the year ending December 31,
2010. These unaudited financial statements should be read in conjunction with
the audited financial statements and footnotes thereto included in the Company's
Annual Report on Form 10-K for the year ended December 31, 2009, as filed with
the Securities and Exchange Commission on April 15, 2010.





NOTE 3 – RECENTLY ISSUED ACCOUNTING
PRONOUNCEMENTS





On
January 1, 2010, the Company adopted the new provisions of Accounting
Standards Update (ASU) No. 2010-06, “Fair Value Measurements and
Disclosures (Topic 820), Improving Disclosures about Fair Value Measurements”(“ASU No. 2010-06”). ASU No. 2010-06 provides revised guidance
on improving disclosures about valuation techniques and inputs to fair value
measurements. The adoption of this standard had no effect on the financial
statements of the Company.




In
February 2010, the FASB issued ASU No. 2010-09, “Subsequent Events (Topic 855),
Amendments to Certain Recognition and Disclosure Requirements” (“ASU
No. 2010-09”).  This update provides amendments to FASB ASC 855,
“Subsequent Events” to
clarify certain recognition and disclosure requirements. The amendments in this
update remove the requirement for an SEC filer to disclose a date through which
subsequent events have been evaluated in both issued and revised financial
statements. The topic now includes the definition of SEC filer but removed the
definitions of public entity. All of the amendments in this update are effective
upon the issuance of the final update. The adoption of ASU No. 2010-09 did
not have an effect on our consolidated financial statements.


Management
does not believe that any other recently issued, but not yet effective,
accounting standard if currently adopted would have a material effect on the
accompanying financial statements.




NOTE
4 - FAIR VALUE OF FINANCIAL INSTRUMENTS





Substantially
all of the Company’s financial instruments, consisting primarily of cash,
accounts receivable, accounts payable and accrued expenses and accounts payable
– related party are carried at, or approximate, fair value because of their
short-term nature.




NOTE
5 – BASIC AND DILUTED EARNINGS LOSS PER SHARE


Basic
loss per share is computed by dividing the net loss by the weighted average
number of shares of common stock outstanding during the period. Diluted loss per
share is computed similar to basic loss per share except that the denominator is
increased to include the number of additional common shares that would have been
outstanding if the potential common shares had been issued and if the additional
common shares were dilutive. There were no dilutive financial instruments issued
and outstanding as of March 31, 2010 and 2009.




6




NOTE
6 – ACCOUNTS PAYABLE – RELATED PARTY





On May
14, 2009, the Company entered into an exclusive purchasing agreement with Ed
& Serge Gold and Diamond, Inc. (“ESGD”), an entity wholly-owned by one of
the Company’s stockholders. Under the agreement, ESGD has agreed not to sell any
gold and diamonds to any other party other than ESM. ESM retains the right,
however, to purchase from other vendors. Under the agreement, ESGD has agreed to
invoice the Company at cost plus .05% on daily sales of up to $250,000 and .025%
of daily sales over on amounts over $250,000. The agreement is for five years
and automatically renews for additional one year periods unless notified by
either party. Substantially all of the merchandise purchased that were made by
the Company for the three months ended March 31, 2010 was from
ESGD.





In
addition, the Company shares space with ESDG and receives rent from ESDG on a
month-to-month basis of $3,000.





At March 31, 2010, the Company owed
ESGD $393,165.




NOTE
7 – LOANS PAYABLE - STOCKHOLDER





Loans
payable – stockholder consist of non-interest bearing advances due on
demand.





NOTE
8 – SALES AND MAJOR CUSTOMERS





One
customer accounted for 94.25% of total revenues for the three months ended March
31, 2010.  At March 31, 2010, one customer accounted for 91% of accounts
receivable.




7





ITEM
2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATIONS.





As used
in this Form 10-Q, references to the “CaseyCorp,” Company,” “we,” “our” or “us”
refer to CaseyCorp Enterprises, Inc. unless the context otherwise
indicates.





Forward-Looking
Statements





The
following discussion should be read in conjunction with our financial
statements, which are included elsewhere in this Form 10-Q (the “Report”). This
Report contains forward-looking statements which relate to future events or our
future financial performance. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expects,” “plans,”
“anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or
the negative of these terms or other comparable terminology. These statements
are only predictions and involve known and unknown risks, uncertainties, and
other factors that may cause our or our industry’s actual results, levels of
activity, performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied by
these forward-looking statements.





While
these forward-looking statements, and any assumptions upon which they are based,
are made in good faith and reflect our current judgment regarding the direction
of our business, actual results will almost always vary, sometimes materially,
from any estimates, predictions, projections, assumptions or other future
performance suggested herein. The results anticipated by any or all of these
forward-looking statements might not occur. Important factors, uncertainties and
risks that may cause actual results to differ materially from these
forward-looking statements include matters relating to the business and
financial condition of any company we acquire. We undertake no obligation to
publicly update or revise any forward-looking statements, whether as the result
of new information, future events or otherwise.  Except as required by
applicable law, including the securities laws of the United States, we do not
intend to update any of the forward-looking statements to conform these
statements to actual results.





Overview





The
Company originally planned to focus on developing and distributing advanced
surveillance and security products.   On May 14, 2009, the
Company acquired ESM to enter into the business of being a wholesale buyer and
seller of gold, diamonds and other precious metals.  The Company acts
as a middleman aggregating the gold, diamonds and other precious metals, which
are purchased primarily from retail jewelers (who have purchased the products
from customers) and selling it to refiners at a mark up ranging from .75% to
1.1%.  On October 2, 2009, the Company acquired EZS which is engaged
in the business of purchasing gold and diamonds from consumers.





Results
of Operations





Revenues





Revenues
for the three months ended March 31, 2010 were $12,411,430. We sold gold and
other precious metals primarily to one refiner which accounted for 94.25% of
total revenues for the period. The Company also sold diamonds in the amount of
$226,000 to various dealers in the period. The Company had no revenues for the
corresponding period in 2009.





Cost
of Sales and Gross Profit





Our cost
of sales represents the cost of purchasing precious metals and diamonds which we
then aggregate and sell to refiners and other dealers.  Cost of sales
for the three months ended March 31, 2010 was $12,241,429.  The gross
profit for the period amounted to $170,001 or 1.4 % of revenue





General
and Administrative





General
and administrative expenses for the three months ended March 31, 2010 were
$200,333 which is primarily rent, and payroll. In addition, general and
administrative expenses include the amortization of the exclusive purchasing
agreement in the amount of $32,150. General and administrative expenses for
corresponding period in 2009 were $4,550 which were primarily professional fees
incurred to enable the Company to satisfy the requirements of a reporting
company.





Liquidity
and Capital Resources





As of
March 31, 2010, we had cash of $488,996.





Cash from
operating activities amounted to $411,608 and was primarily related to the
collections of accounts receivable.





Cash used
by investing activities amounted to $30,592 and represented the purchase of
various property and equipment.





Cash used
by financing activities amounted to $30,575 and consisted of repayments of
stockholder loans..





8


Management
believes that cash on hand, plus anticipated revenue will be sufficient to
support our operations through the end of 2010 provided that, in the event that
the Company shall acquire additional products or subsidiaries, we may require
significant amounts of additional capital sooner than the end of 2010. In such a
case, we may seek to sell additional equity or debt securities or obtain a
credit facility. The sale of additional equity or convertible debt securities
could result in additional dilution to our stockholders. Incurring indebtedness
would result in an increase in our fixed obligations and could result in
borrowing covenants that would restrict our operations. There can be no
assurance that financing will be available in amounts or on terms acceptable to
us, if at all. If financing is not available when required or is not available
on acceptable terms, we may be unable to develop or enhance our products or
services, or, we may potentially not be able to continue business activities.
Any of these events could have a material and adverse effect on our business,
results of operations and financial condition.





The
statement made above relating to the adequacy of our working capital is a
forward-looking statement within the meaning of the Private Securities
Litigation Reform Act of 1995. The statements that express the “belief,”
“anticipation,” “plans,” “expectations,” “will” and similar expressions are
intended to identify forward-looking statements.




Critical
Accounting Policies and Estimates




Our
discussion and analysis of its financial condition and results of operations are
based upon its financial statements, which have been prepared in accordance with
accounting principles generally accepted in the United States.  The
preparation of these financial statements requires us to make estimates and
judgments that affect the reported amounts of assets, liabilities, revenues and
expenses, and related disclosure of contingent assets and
liabilities.  On an on-going basis, we evaluate our estimates,
including those related to bad debts, income taxes and contingencies and
litigation.  We base our estimates on historical experience and on
various other assumptions that are believed to be reasonable under the
circumstances, the results of which form the basis for making judgments about
carrying values of assets and liabilities that are not readily apparent from
other sources.  Actual results may differ from these estimates under
different assumptions or conditions.





Off-Balance
Sheet Arrangements





We have
no off-balance sheet arrangements.





ITEM
3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISKS.





Not
applicable.





ITEM
4T.  CONTROLS AND PROCEDURES.





Disclosure
Controls and Procedures





We
carried out an evaluation required by Rule 13a-15(b) of the Securities
Exchange Act of 1934 or the Exchange Act under the supervision and with the
participation of our management, including our Principal Executive Officer and
Principal Financial Officer, of the effectiveness of the design and operation of
our disclosure controls and procedures.




Disclosure
controls and procedures are designed with the objective of ensuring that (i)
information required to be disclosed in an issuer's reports filed under the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the SEC rules and forms and (ii) information is accumulated
and communicated to management, including our Principal Executive Officer and
Principal Financial Officer, as appropriate to allow timely decisions regarding
required disclosures.





The
evaluation of our disclosure controls and procedures included a review of our
objectives and processes and effect on the information generated for use in this
Report. This type of evaluation is done quarterly so that the conclusions
concerning the effectiveness of these controls can be reported in our periodic
reports filed with the SEC. We intend to maintain these controls as processes
that may be appropriately modified as circumstances warrant.





Based on
their evaluation, our Principal Executive Officer and Principal Financial
Officer has concluded that our disclosure controls and procedures are effective
in timely alerting them to material information which is required to be included
in our periodic reports filed with the SEC as of the filing of this
Report.





Changes
in Internal Controls over Financial Reporting





There
have been no changes in our internal control over financial reporting (as
defined in Exchange Act Rule 13a-15(f)) during the three months ended March 31,
2010.





PART
II


OTHER
INFORMATION





ITEM
1.  LEGAL PROCEEDINGS.





There are
no pending legal proceedings to which the Company is a party or, to the
Company’s knowledge, in which any director, officer or affiliate of the Company,
any owner of record or beneficially of more than 5% of any class of voting
securities of the Company, or security holder is a party adverse to the Company
or has a material interest adverse to the Company. The Company’s property is not
the subject of any pending legal proceedings.





9


ITEM
1A.  RISKS FACTORS.





Not
required of smaller reporting companies.




ITEM
2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
PROCEEDS.





Unregistered
Sales of Equity Securities





None.





Purchases
of equity securities by the issuer and affiliated purchasers





None.





ITEM
3.  DEFAULTS UPON SENIOR SECURITIES.





None.





ITEM
4.  [REMOVED AND RESERVED.]








ITEM
5.  OTHER INFORMATION.





None




ITEM
6.  EXHIBITS.


Exhibit
      No.
            
            Description31.1
            
            PEO
      and PFO certification required under Section 302 of the Sarbanes-Oxley Act
      of 200232.1
            
            PEO
      and PFO certification required under Section 906 of the Sarbanes-Oxley Act
      of 2002





SIGNATURES





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





CASEYCORP ENTERPRISES,
      INC.Dated:
      May 14, 2010
            
            Eduard
      MusheyevBy:
            /s/
      Eduard MusheyevName:
            Eduard
      MusheyevTitle:
            President,
      Chief Executive Officer,and
      Director
              (Principle
      Executive, Financial and
              Accounting
      Officer)




10