|U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549                                                                                                                                                                                                                                                                                                                  
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|                                                                                                                                                                                                                                                                                                                                                                                 
|FORM 10-QSB                                                                                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                                                                 
|Quarterly Report Under Section 13 or 15(d)
of the Securities and Exchange Act of 1934                                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                                                                                                 
|For the Quarter Ending March 31, 2008                                                                                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                                                                                                 
|Commission File No. 000-28684                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                 
|BoysToys.com, Inc.(Exact name of Registrant as specified in its Charter)                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                 
|Incorporated under the Lawsof the State of Delaware(State or Other Jurisdiction of 
Incorporation or Organization)                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                 
|5782 Caminito Empresa, La Jolla, California 92037(Address of Principal Executive Office)                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                 
|(619) 895-6900(Registrant's Telephone Number, Including Area Code)                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                 
|(Former name, former address, and former fiscal year,
if changed since last report)                                                                                                                                                                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                                                 
|Common Stock Outstanding at March 31, 2008
6,922,470 Shares at $0.01 Par Value Common                                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                                                                                                 
|Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such report(s), and (2) has been subject to such filing requirements for the past 90 days.
     Yes _X_     No ___
|                                                                                                                                                                                                                                                                                                                                                                                 
|ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
PAST FIVE YEARS                                                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                                                                                                 
|Check whether the issuer has filed all documents and reports required to be filed by Section 12, 13, or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.
     Yes _X_     No ___                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                                                 
|APPLICABLE ONLY TO CORPORATE ISSUERS                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                 
|State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date.  Number of Common Shares outstanding as ofMarch 31, 2008:  6,922,470.                                                                                                                                                                                







|
|





BoysToys.com, Inc.



TABLE OF CONTENTS





|          |                       |                                                                                                                                                   | PageNumber
|--------- | --------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------- | ----------
|PART I -  | FINANCIAL INFORMATION |                                                                                                                                                  
|          |                       |                                                                                                                                                   |           
|          | Item 1.               | Financial Statements & Letter of Independent Accountants                                                                                          | F - 1     
|          |                       | Consolidated Balance Sheets
March 31, 2008 (unaudited) and December 31, 2007                                                                      | F - 2     
|          |                       | Consolidated Statements of Operations (unaudited)
Three Months Ended March 31, 2008 (unaudited)
and Three Months Ended March 31, 2007 (unaudited) | F - 3     
|          |                       | Consolidated Statements of Cash Flows (unaudited)
Three Months Ended March 31, 2008 and March 31, 2007                                            | F - 4     
|          |                       | Notes to Consolidated Financial Statements (unaudited)                                                                                            | F - 5     
|          |                       |                                                                                                                                                   |           
|          | Item 2.               | Management's Discussion and Analysis of Financial Condition
and Results of Operations                                                             | 16        
|          |                       |                                                                                                                                                   |           
|          | Item 2A.              | Factors That May Affect Future Results                                                                                                            | 13        
|          |                       |                                                                                                                                                   |           
|          | Item 3.               | Controls and Procedures                                                                                                                           | 19        
|          |                       |                                                                                                                                                   |           
|          |                       |                                                                                                                                                   |           
|PART II - | OTHER INFORMATION     |                                                                                                                                                  
|          |                       |                                                                                                                                                   |           
|          | Item 1.               | Legal Proceedings                                                                                                                                 | 20        
|          |                       |                                                                                                                                                   |           
|          | Item 2.               | Changes in Securities                                                                                                                             | 20        
|          |                       |                                                                                                                                                   |           
|          | Item 3.               | Defaults Upon Senior Securities                                                                                                                   | 20        
|          |                       |                                                                                                                                                   |           
|          | Item 4.               | Submission of Matters to a Vote of Security Holders                                                                                               | 21        
|          |                       |                                                                                                                                                   |           
|          | Item 5.               | Other Information                                                                                                                                 | 21        
|          |                       |                                                                                                                                                   |           
|          | Item 6.               | Exhibits and Reports on Form 8-K                                                                                                                  | 22        



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EXPLANATORY NOTE



After March 31, 2008 and in accordance with our Stockholders' Meeting, our stockholders approved an Amendment to our Certificate of Incorporation to amend our Certificate of Incorporation to change our corporate name to Environmental Credits, Ltd. from BoysToys.com, Inc.  This amendment also provided for an increase in our authorized common stock to 300,000,000 as well.  While the attached financial statements filed with this Form 10-Q references our name as "BoysToys.com, Inc.," we will be filing under our new name, Environmental Credits, Ltd.



PART I - FINANCIAL INFORMATION



PART I



FORWARD-LOOKING STATEMENTS



THE COMPANY EMERGED FROM BANKRUPTCY ON MAY 2, 2007 AND GIVEN THE LOSS OF THE COMPANY'S ASSETS THERE IS LITTLE BASIS TO BELIEVE THAT IT WILL CONTINUE AS A VIABLE BUSINESS ENTITY. THIS FORM 10-Q CONTAINS



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Item 1.  Financial Statements



Stan J.H. Lee, CPA
2160 North Central Rd. Suite 203 Fort Lee, NJ 07024
794 Broadway Chula Vista CA 91910
619-623-7799 Fax 619-564-3408 E-mail Stan2u@gmail.com

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



We have reviewed the accompanying consolidated balance sheet of BoysToys.com, Inc. as of March  31, 2008, and the related consolidated statements of operations, and cash flows for the three-months then ended. These financial statements are the representation of the management of BoysToys.com, Inc



We conducted our review in accordance with the standards of the Public Company Accounting Oversight Board (United States).  A review of interim financial information consists principally of applying analytical procedures to financial data and making inquiries of persons responsible for financial and accounting matters.  It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board, the objective of which is the expression of an opinion regarding the financial statements taken as a whole.  Accordingly, we do not express such an opinion.



Based on our review, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  Because of the Company's current status and limited operations there is substantial doubt about its ability to continue as a going concern.  Management's plans in regard to its current status are also described in Note 6. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.





/s / Stan J.H. Lee, CPA



May 12, 2008
Chula Vista, CA 91910



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|ENVIRONMENTAL CREDITS, LTD.
(FORMERLY BOYSTOYS.COM, INC.)CONSOLIDATED BALANCE SHEETS                                  
|----------------------------------------------------------------------------------------------------------------------
|                                                                                                                      
|                                                                                                                      
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|ASSETS                                                                                                                
|                                                                                                                      
|Current Assets:                                                                                                       
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|Total Current Assets                                                                                                  
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|Property and Equipment, Net                                                                                           
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|Other Assets:                                                                                                         
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|Total Other Assets                                                                                                    
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|TOTAL ASSETS                                                                                                          
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|LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)                                                                        
|                                                                                                                      
|Current Liabilities:                                                                                                  
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|Total Current Liabilities                                                                                             
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|TOTAL LIABILITIES                                                                                                     
|                                                                                                                      
|Shareholders' Equity (Deficit) :                                                                                      
|                                                                                                                      
|Preferred Stock, $.01 par value ( 10,000,000 authorized; 3,650,000 issued and outstanding as of March 31, 2008)       
|                                                                                                                      
|Common  Stock, $.01 par value ( 300,000,000 shares authorized; issued and outstanding: 6,922,470 as of March 31, 2008)
|                                                                                                                      
|Common stocks subscribed                                                                                              
|                                                                                                                      
|Treasury Stocks                                                                                                       
|                                                                                                                      
|Additional Paid-in-Capital                                                                                            
|                                                                                                                      
|Deficit Accumulated During Development Stage                                                                          
|                                                                                                                      
|                                                                                                                      
|Total Shareholders' Equity (Deficit)                                                                                  
|                                                                                                                      
|                                                                                                                      
|TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)                                                                  
|                                                                                                                      
|                                                                                                                      
|                                                                                                                      



See Notes to Consolidated Financial Statements

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|ENVIRONMENTAL CREDITS, LTD.
(FORMERLY BOYSTOYS.COM, INC.)CONSOLIDATED STATEMENTS OF OPERATIONS
|----------------------------------------------------------------------------------------------
|                                                                                              
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|Revenues                                                                                      
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|Cost of Sales                                                                                 
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|Gross Profit                                                                                  
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|Depreciation & Amortization                                                                   
|General & Administrative Expenses                                                             
|                                                                                              
|                                                                                              
|Total General & Administrative Expenses                                                       
|                                                                                              
|                                                                                              
|Operating Income (Loss)                                                                       
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|Other Income (Expenses)                                                                       
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|Total Other Income (Expenses)                                                                 
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|Deficit Before Income Taxes                                                                   
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|Provision for Income Taxes                                                                    
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|Net Income (Loss)                                                                             
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|Net income (loss) per share                                                                   
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|Weighted average shares used for net income (loss) per share                                  
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|Net income (loss) per diluted share                                                           
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|Weighted average shares used for net income (loss) per diluted share                          
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|                                                                                              



See Notes to Consolidated Financial Statements

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|ENVIRONMENTAL CREDITS, LTD.
(FORMERLY BOYSTOYS.COM, INC.)CONSOLIDATED STATEMENTS OF CASH FLOWS
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|Cash Flows from Operating Activities:                                                         
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|Net cash provided by (used in) operating activities                                           
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|Cash Flows from Investing Activities:                                                         
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|Net cash provided by (used in) investing activities                                           
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|Net increase (decrease) in cash                                                               
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|Cash at beginning of period                                                                   
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|Cash at end of period                                                                         
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|SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION :                                           
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|Cash paid during the period for :                                                             
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See Notes to Consolidated Financial Statements

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ENVIRONMENTAL CREDITS, LTD.
(FORMERLY BOYSTOYS.COM, INC.)NOTES TO CONSOLIDATED FINANCIAL STATEMENTSAs of March 31, 2008





NOTE 1 - ORGANIZATION AND BUSINESS

BoysToys.com, Inc. (formerly Alternative Entertainment, Inc.) was incorporated in the state of Delaware on April 21, 1997, under the name Wagg Corp. ("Wagg"). BoyToys.com, Inc. engaged in the business of developing, owning and operating nightclubs providing exotic dance entertainment combined with a full service restaurant, lounge, and business meeting facilities.

On December 6, 1993 Alternative Entertainment, Inc. a Nevada corporation ("AEI Nevada") was formed. On September 11, 1999, a wholly owned subsidiary was formed, RMA of San Francisco, Inc., a California Corporation.

On January 15, 1998, Wagg acquired 80% of the outstanding common stock of AEI Nevada. On January 25, 1998, the shareholders of AEI Nevada voted to execute a one-for-three reverse split of its common stock. On January 26, 1998, the shareholders of Wagg voted to execute a one-for-two reverse split of its common stock. The number of shares and per share amounts has been restated as though the transaction occurred on December 6, 1993 (Inception).

Following these actions and on January 28, 1998, the AEI Nevada Board of Directors voted to approve a plan and agreement of reorganization between Wagg and AEI Nevada. Under the terms of the reorganization, each share of AEI Nevada common stock was exchanged for one share of Wagg common stock owed by AEI Nevada, and all of the assets of AEI Nevada were transferred to Wagg. This resulted in AEI Nevada becoming a wholly-owned subsidiary of Wagg. In conjunction with these actions, the shareholders of Wagg approved an amendment of Wagg's Certificate of Incorporation to change its name to Alternative Entertainment, Inc., a Delaware Corporation ("AEI"). The reorganization has been accounted for as a reverse acquisition with a public shell. Accordingly, the accompanying consolidated financial statements have been presented as if AEI Nevada had always been a part of Wagg.

During 1998 Wagg changed its name to AEI. On December 29, 1998, AEI changed its name to BoysToys.com, Inc. (the "Company").

Activity for all periods prior to 2000 consisted primarily of efforts devoted to identifying suitable properties for acquisition, performing administrative functions, and the initial construction of the Company's first establishment located in San Francisco, California. In January 2000 operations commenced at this location in San Francisco, with RMA of San Francisco as the operating entity.

On May 8, 2001 the Company filed a petition for relief under Chapter 11 of the United States Bankruptcy Code. The filing was in response to an unexpected attempt by the landlord to terminate the Company's long-term lease for the club in San Francisco. In the third quarter the United States Bankruptcy Court transferred operations away from the Company (September 12, 2002). On October 6, 2002 the United States Bankruptcy court entered an order for Chapter 7 dissolution. On May 2, 2007 the Company emerged from Chapter 7 bankruptcy.

In November 2007, after the Company's emergence from bankruptcy in May 2007, the Company's Board of Directors voted to forego any further involvement in the adult entertainment industry. The Company has since decided to explore opportunities in the environmental emissions trading industry and the Company is now positioned itself as a developmental company in that industry.

On January 7, 2007 the Company filed an Information Statement on Schedule 14C with the Securities and Exchange Commission.   The Company also notified all of its shareholders as to the 14C filing and upcoming shareholders meeting scheduled for March 7, 2008.



On March 7, 2008, the Company held its first ever Annual Stockholders' Meeting. The Annual Meeting was held pursuant to the Company's Information Statement filed on Schedule 14C with the Securities and Exchange Commission.



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The Meeting was called to order by the Company's Chairman, President and founder, at 11:00 A.M., P.S.T. and the Company's stockholders took the following actions:

(A)     The Company's stockholders approved the 200 for one reverse split of the Company's Common Stock authorizing the Company's Board of Directors to set an effective date for the reverse stock split. As adopted by the shareholders, one New Share (of the Company's Common Stock) will be issued for each two hundred (200) shares of the Company's Common Stock currently issued and outstanding with each fractional share rounded up to the next whole share (the "Reverse Split"). The Company's Board of Directors has not yet set a Record Date for the Reverse Split and the Company intends to file Form 8-K to announce the effective date upon determination of the Record Date.

(B)     The Company's stockholders approved the amendment to the Company's Certificate of Incorporation to change the Company's name from BoysToys.com, Inc. to Environmental Credits, Ltd.

(C)     The Company's stockholders approved the appointment of Stan Lee, CPA as the Company's independent auditor.

(D)     The Company's stockholders approved the amendment to the Company's Certificate of Incorporation to increase the authorized number of shares of the Company's Common Stock (par value $0.01) from 20,000,000 to 300,000,000 (par value $0.01).

The Annual Meeting follows the determinations made by the Company's Board of Directors in November 2007 after the Company's emergence from bankruptcy in May 2007 to forego any further involvement in the adult entertainment industry. The Company has since decided to explore opportunities in the environmental emissions trading industry and the Company is now positioned itself as a developmental company in that industry.

The Company's Board of Directors has directed the Company's officers to complete the necessary steps for the Reverse Split and the filing of the documents for the amendments to the Company's Articles of Incorporation. As of the date of this Form 10-Q, no Record Date has been determined but upon determination of the Record Date, the Company intends to file a Form 8-K in a timely fashion.



NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, RMA of San Francisco, Inc. and AEI Nevada. All significant inter-company transactions and balances have been eliminated.



Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the net reliability of assets and estimated costs to be incurred during liquidation and disclosure of contingent assets and liabilities at March 31, 2008 Actual results could differ from those estimates.

GOING CONCERN BASIS OF ACCOUNTING

Financial Instruments

The carrying amounts reported in the balance sheets for cash and convertible notes and related interest approximate fair value due to the immediate short-term maturity of these financial instruments. Up until May 2, 2007 cash was restricted because the trustee of the bankruptcy court controlled it.  Those funds were earmarked for payment of the remaining outstanding notes payable which as of May 2, 2007 have been settled.

The Company's liabilities and convertible debt has been settled by the court through the Chapter 7 bankruptcy.



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Stock Based Compensation

In October 1995, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards (SFAS) No. 123, "Accounting for Stock-Based Compensation." This statement allows entities to measure compensation costs related to awards of stock-based compensation, using either the fair value method or the intrinsic value method. The Company has elected to account for stock-based compensation programs using the intrinsic value method.

Companies that do not choose to adopt the expense recognition rules of SFAS No. 123 will continue to apply the existing accounting rules contained in Accounting Principles Board Opinion (APB) No. 25, but are required to provide proforma disclosures of the compensation expense determined under the fair-value provisions of SFAS No. 123. APB No. 25 requires no recognition of compensation expense for most of the stock-based compensation arrangements provided by the Company, namely, broad-based employee stock purchase plans and option grants where the exercise price is equal to the market price at the date of the grant.

Impairment of Long-lived Assets

In March 1995, the FASB issued SFAS No. 121, "Accounting for the Impairment of Long-lived Assets and for Long-lived Assets to Be Disposed Of," which requires impairment losses to be recorded on long-lived assets used in operations when indicators of the impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying amount. SFAS No. 121 also addresses the accounting for long-lived assets that are expected to be disposed of. No impairment of long-lived assets has been recognized.



Basic Loss Per Share

In February 1997, the FASB issued SFAS No. 128, "Earnings Per Share", which specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. SFAS No. 128 supersedes the provisions of APB No. 15, and requires the presentation of basic earnings (loss) per share and diluted earnings (loss) per share. The Company has adopted the provisions of SFAS No. 128 effective December 6, 1993 (inception).

Basic net loss per share excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the reported periods. Diluted net loss per share reflects the potential dilution that could occur if a stock option and other commitments to issue common stock were exercised. Stock options issued to an officer in 1999 have been excluded from the weighted average share computation. This is consistent with accounting principles because during 1999 the average market price of the shares was not greater than the exercise stock option price and was therefore anti-dilutive.

Income Taxes

The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred income taxes are recognized for the tax consequences of "temporary differences" by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.



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NOTE 3 - INCOME TAXES

Deferred income taxes reflect the next tax effects of temporary differences between the carrying amount of assets and liabilities for reporting and the amounts used for income tax purposes. The tax effects of items comprising the Company's net deferred tax assets are as follows:





|                                  | For the Quarter Ended
March 31, 2008
|--------------------------------- | ------------------------------------
|                                  |                                     
|                                  |                                     
|Deferred tax assets:              |                                     
|Net operating loss carry-forwards | $                                   
|Other                             |                                     
|                                  |                                     
|Gross deferred tax assets         |                                     
|Valuation allowance               |                                     
|                                  |                                     
|Net deferred tax assets           | $                                   
|                                  |                                     
|                                  |                                     
|                                  |                                     

As of March 31, 2008, the Company has net operating loss carry-forwards for both federal and state income tax purposes of approximately $ 3,100,000, which expire through 2026. Under federal and state laws, the availability of the Company's net operating loss carry-forward may be limited if a cumulative change in ownership of more than 50% occurs within any three year period.



The Company filed for bankruptcy protection. The Company emerged from Chapter 7 bankruptcy on May 2, 2007.  All liabilities and outstanding notes were settled for $1,502,294 cash payment.  Of this amount $471,072 was paid to settle all of the outstanding notes of the Company.  As a result, the Company recognized $1,346,420 as income, which is difference between the outstanding value of the notes, and the settled amount for the notes.



NOTE 4 - SHAREHOLDERS' EQUITY

Stock option plans

The Company has approved two stock option plans that become effective January 1, 1994, an Incentive Stock Option Plan and a Non-qualified Stock Option Plan. Both plans are available to officers, directors and key employees of the Company. Each plan allows for the purchase of up to 500,000 shares of common stock of the Company.

During the year ended December 31, 1998, the Company issued 60,000 options to a director under the non-qualified stock option plan. During the year ended December 31, 1999, 1,950,000 options were granted to officers of the Company as a compensation award. The options were immediately exercisable for $0.25 per share and were granted at less than the quoted market price of the stock on the date of grant. The Company has elected to account for incentive grants and grants under its Plan following APB No. 25 and related interpretations. Accordingly, the Company recorded $30,000 and $3,042,000 as compensation expense for the year ended December 31, 1998 and the year ended December 31, 1999, respectively, with a corresponding credit to additional paid in capital. Since 1999 the Company has not issued any additional stock compensation.

Conversion of common to preferred Shares

On November 12, 2006, the Company's Board of Directors approved the designation of 4,000,000 shares of the Company's Preferred Stock to be designated as Series A Preferred Stock. The action was taken by the Board under the authority granted it in the Company's Certificate of Incorporation which gives the Board the right to designate one or more series of Preferred Stock with such rights and privileges as the Board determines. On the same date and as a part of the same resolutions, the Board issued 3,500,000 shares of the Series A Preferred Stock to the Company's President, Ralph M. Amato in exchange for 1,249,669 shares of the Company's Common Stock held by him. In addition, 150,000 shares of the Series A Preferred Stock were also issued to acquire 150,000 shares of the Company's Common Stock held by another stockholder.



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In general, the Series A Preferred Stock has the following rights and privileges: (i) each share of the Series A Preferred Stock has the right to two votes per share and to vote with the Company's common stockholders on any matter presented before them; (ii) each share of the Series A Preferred Stock has the right to convert into 20 shares of the Company's Common Stock at any time (subject to the Company having a sufficient number of authorized but unissued shares of Common Stock available for conversion); and (iii) the number of shares of the Company's Common Stock that are to be issued upon conversion of the Series A Preferred Stock are not to be reduced or increased by reason of any forward or reverse stock split or other recapitalization. The Series A Preferred Stock is not redeemable by the Company and no sinking fund or special dividend rights were accorded the Series A Preferred Stock. In the event that the Company's Board of Directors declares any dividends, the holders of the Series A Preferred Stock have the same rights and privileges and are entitled to share ratably with the holders of the Company's Common Stock in any such dividend.



NOTE 5 - BANKRUPTCY

On May 8, 2001 the Company filed a petition for relief under Chapter 11 of the United States Bankruptcy Code. The filing was in response to an unexpected attempt by the landlord to terminate the Company's long-term lease for the club in San Francisco. The Company had planned to emerge from these proceedings with a workable reorganization plan to repay its major creditors, including the landlord. The Company was current in its monthly rent obligations, but the landlord is also a short-term creditor with whom the Company was trying to negotiate new payment terms. On September 21, 2001 the Company's subsidiary (RMA of San Francisco, Inc.) also filed a petition for relief under Chapter 11 of the United States Bankruptcy Code, and subsequently the cases were consolidated. The Company submitted reorganization plans to the Court for approval, but the plans were rejected. The Bankruptcy Court ordered the transfer of operations as of September 13, 2002, and then subsequently entered an order for liquidation on October 6, 2002.

The assets were transferred to a third party for approximately $1,502,294. As part of this transaction three of the Company's creditors, with claims totaling approximately $1,350,000, agreed to waive immediate payment of their claim and made payment arrangements with the buyer. A portion of the remaining funds was used to satisfy Trustee fees, Court fees, payroll taxes, and administrative fees incurred during bankruptcy. The remaining funds will be used to satisfy all other claims on an equal basis including notes payable and trade accounts payable. The extent to which these claims will or will not be satisfied is not being determinable at this time. It is possible that these claims will not completely satisfy through this process and that the Company will have some remaining liabilities.  This has, in all practical terms, dissolved the assets of RMA of San Francisco and left the Company without an operating business.



On May 2, 2007 the Company emerged from Chapter 7 bankruptcy.  In November of 2007 the Company's Board of Directors voted to forego any further involvement in the adult entertainment industry. The Company has since decided to explore opportunities in the environmental emissions trading industry and the Company is now positioned itself as a developmental company in that industry.



NOTE 6 - GOING CONCERN

Because the Company is currently in bankruptcy liquidation proceedings and lacks any operating business the auditors' included this disclosure. Management believes that after the proceedings are complete they will have public company "shell" that they can use for other business ventures.

Management plans, after the Company is discharged from bankruptcy, to raise additional funds through debt or equity offerings. There is no guarantee that the Company will be able to raise any capital through this or any other offerings.





NOTE 7. SUBSEQUENT EVENTS

There are no subsequent Events.



F - 9
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Item 1a.  Factors that May Affect Future Results



We have no significant assets, business, or operations and there can be no assurance that the Company will ever have or acquire any assets, business, or operations at any time in the future.  The Company is a mere "public shell" and currently the Company does not have any future prospect of ever holding any business or operations.  An investment into the Company or the purchase of the Company's common stock should be considered appropriate only for those persons who can accept the total loss of their investment since the Company and the Company's securities involve continuing and substantial risks that are not suitable or appropriate for investment purposes. Overall, these risks arise from factors over which the Company will have little or no control. Some adverse events may be more likely than others and the consequence of some adverse events may be greater than others.  No attempt has been made to rank risks in the order of their likelihood or potential harm. In addition to those general risks enumerated elsewhere, any purchaser of the Company's Common Stock should also consider the following factors.



1.  Absence of Assets, Business, Operations & Extraordinary Uncertainties.  All of the Company's assets, business, and operations were transferred and taken from the Company on September 12, 2002 by action of the United States Bankruptcy Court. While The Company may later search for other ventures, the ability of the Company to undertake any such venture will likely be severely limited and there can be no assurance that the Company will ever acquire any other business venture or if such a venture is acquired, that any such venture can be acquired on any reasonable terms in light of the Company's current financial circumstances.



2.  Action of the Stockholders; Name Change, Reverse Split, & Increase in Authorized Common.  On March 7, 2008, we held our first-ever Stockholders' Meeting.  At the Meeting and as previously disclosed in our Form 8-K filing, the holders of a majority of our outstanding voting stock approved: (A) the change of the Company's name from BoysToys.com, Inc. to Environmental Credits, Ltd.; (B) the reverse split of the Company's Common Stock so that for every 200 pre-split shares held, one new post-split share would be issued; (C) the increase in our authorized Common Stock from 20,000,000 shares to 300,000,000 shares; and (D) the appointment Stanley J. H. Lee, CPA, as our independent auditor.  While the Company's officers believe that the change of the Company's name will serve to better allow the Company to explore other business opportunities, the Company has no current plans to enter any specific business.  Further, the increase in the authorized Common Stock when combined with the reverse split of the outstanding common shares will (when the latter it is effectuated), allow the Company to issue many additional shares of its Common Stock and, in that event, the existing stockholders would incur significant additional dilution. The Company has no current specific plans to issue any additional shares but the increase in authorized Common Stock gives the right to the Company's Board of Directors to issue the additional shares without the necessity of obtaining stockholder approval. We are in the process of completing the steps necessary to effect the reverse split of our Common Stock which will be announced via the timing filing of the Form 8-K.



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3.  Current Financial Structure, Limited Equity, No Working Capital & Need for Additional Financing.  Currently, we have no significant assets, business or operations.  We are a mere "public shell" and we are relying upon loans and advances from Mr. Amato, a corporate officer to pay the costs of maintaining our corporate existence.  The continuing payment of these costs can not be assured. In the event that we were to enter into or acquire another business or venture, we would likely require significant new financing.  In that event, our current stockholders would likely incur significant and immediate dilution with the result that our current stockholders would then hold a small and insignificant fraction of our then outstanding common stock.  As a result, the Company's current stockholders would lose significant control as well as further losses on their investment.  There can be no assurance that the Company will ever receiving any additional financing and the Company has not received any commitments or assurances from any underwriter, investment banker, venture capital fund, or other individual or institutional investor.  There can be no assurance that the Company will obtain any new financing or, if it is successful, that it can be obtained on reasonable terms in light of the Company's current circumstances.



4.  Continuing Significant Uncertainties & Prior Bankruptcy.  The Company remains subject to continuing uncertainties and there can be no assurance the Company will survive as a public company or otherwise meet its obligations to allow it to remain as a corporate entity.



5.  Subordinate to Existing and Future Debt & Preferred Stock.  All of our Common Stock is subordinate to the claims of the Company's existing and future creditors and the holders of our Series A Preferred Stock and authorized but unissued preferred stock.



6.  Limited Public Market.  There is a limited trading market for our Common Shares, and there is no guarantee that a continuous liquid trading market will subsequently develop.  There can be no assurance that the Common Shares will ever gain any liquid trading volumes in any other market or gain listing on any stock exchange.  Further, our Common Stock is a "Penny Stock" and as such, the ability of the Company to gain a liquid trading market for it will be inhibited by various regulations and there can be no assurance that any liquid trading market for the Company's Common Stock will ever develop or, if it does develop, that it can be maintained.  The Company became a reporting company on January 23, 2000.



7.Control by Officer/Director.  Our sole officer/director, Ralph M. Amato effectively controls the Company through his ownership of the Company's Series A Preferred Stock.  As a result, any holder of the Company's common stock has no meaningful ability to control or influence the Company's future prospects.



8.  Dependence Upon Ralph M. Amato & Limited Management Time to Company Matters.  The Company believes its success will depend, to a significant extent, on the limited and sporadic efforts and time that may be provided by Ralph M. Amato, the Company's President.  Since we have no other management that can give any time to the Company's affairs, the loss of the services of Mr. Amato could have a material and continuing adverse effect on the Company. We have no key man life insurance on his life and does not intend to purchase any such insurance. Further, we have no significant financial resources to employ Mr. Amato and there is no present prospect that the Company will obtain financial resources in the near future which would provide the financial resources needed to allow the Company to employ Mr. Amato or any other person on a full-time basis. As result, Mr. Amato is not able to devote his time and energy to the Company or its affairs on a full time or on a part-time basis.  Any attention that Mr. Amato may be able to give to the Company will be on a limited and sporadic basis and there can be no assurance that this will be sufficient for the Company's purposes.



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9.  Potential Dilution.  In the event that our Board of Directors takes any future actions in acquiring another business venture or in addressing obligations to any creditors, this will result in immediate, substantial, and irreversible dilution of the Company's existing stockholders.  The increase in authorized but unissued Common Stock (as approved by our stockholders on March 7, 2008) also can result in additional dilution. Further, in the event that the Company enters into or undertakes efforts to acquire another business venture, the Company will likely incur finders' fees, investment banking fees, legal fees, and other similar costs and expenses which would likely result in further immediate, substantial, and irreversible dilution to the Company's stockholders.





10.  Rule 144 Stock Sales.  As of December 31, 2007, we had 1,520,437 shares of our outstanding Common Stock as "restricted securities" which may be sold only in compliance with Rule 144 adopted under the Securities Act of 1933 or other applicable exemptions from registration. Rule 144 provides that a person holding restricted securities for a period of one year may thereafter sell in brokerage transactions, an amount not exceeding in any three month period the greater of either (i) 1% of the Company's outstanding Common Stock, or (ii) the average weekly trading volume during a period of four calendar weeks immediately preceding any sale.  Persons who are not affiliated with the Company and who have held their restricted securities for at least two years are not subject to the volume limitation. Possible or actual sales of the Company's Common Stock by present shareholders under Rule 144 may have a depressive effect on the price of the Company's Common Stock if any liquid trading market develops.



11.  Risks of Low Priced Stocks.  Trading in our Common Stock is limited since our Common Stock is a Penny Stock and thereby the retail market for the Common Stock is subject to burdens that are imposed on brokers whose customers may wish to acquire the Company's Common Stock.



Consequently, a shareholder may find it more difficult to dispose of, or to obtain accurate quotations as to the price of, the Company's securities. In the absence of a security being quoted on NASDAQ, or the Company having $2,000,000 in net tangible assets, trading in the Common Stock is covered by Rule 3a51-1 promulgated under the Securities Exchange Act of 1934 for non-NASDAQ and non-exchange listed securities.



Under such rules, broker/dealers who recommend such securities to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or an annual income exceeding $200,000 or $300,000 jointly with their spouse) must make a special written suitability determination for the purchaser and receive the purchaser's written agreement to a transaction prior to sale. Securities are also exempt from this rule if the market price is at least $5.00 per share, or for warrants, if the warrants have an exercise price of at least $5.00 per share. The Securities Enforcement and Penny Stock Reform Act of 1990 requires additional disclosure related to the market for penny stocks and for trades in any stock defined as a penny stock.



The Commission has adopted regulations under such Act which define a penny stock to be any NASDAQ or non-NASDAQ equity security that has a market price or exercise price of less than $5.00 per share and allow for the enforcement against violators of the proposed rules.



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In addition, unless exempt, the rules require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule prepared by the Commission explaining important concepts involving a penny stock market, the nature of such market, terms used in such market, the broker/dealer's duties to the customer, a toll-free telephone number for inquiries about the broker/dealer's disciplinary history, and the customer's rights and remedies in case of fraud or abuse in the sale.



Disclosure also must be made about commissions payable to both the broker/dealer and the registered representative, current quotations for the securities, and, if the broker/dealer is the sole market maker, the broker/dealer must disclose this fact and its control over the market.  Monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks.



While many NASDAQ stocks are covered by the proposed definition of penny stock, transactions in NASDAQ stock are exempt from all but the sole market-maker provision for (i) issuers who have $2,000,000 in tangible assets has been in operation for at least three years ($5,000,000 if the issuer has not been in continuous operation for three years), (ii) transactions in which the customer is an institutional accredited investor, and (iii) transactions that are not recommended by the broker/dealer.



In addition, transactions in a NASDAQ security directly with the NASDAQ market maker for such securities, are subject only to the sole market-maker disclosure, and the disclosure with regard to commissions to be paid to the broker/dealer and the registered representatives.  The Company's securities are subject to the above rules on penny stocks and the market liquidity for the Company's securities could be severely affected by limiting the ability of broker/dealers to sell the Company's securities.





Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations



This report has been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information normally included in annual reports has been condensed or omitted pursuant to such rules and regulations.  This report should be read in conjunction with the Company's latest Annual Report on Form 10-K for the year ended December 31, 2007, a copy of which may be obtained by writing Environmental Credits, Ltd., 5782 Caminito Empresa, La Jolla, California 92037.



This Form 10-Q is being filed in accordance with the requirements imposed on the Company under the Securities Exchange Act of 1934.  It is also being filed out of loyalty to the stockholders, vendors, suppliers, and others who supported the Company in past years.



There can be no guarantee that the Company will continue to file this and other similar reports in the future or that the Company will remain in existence as a corporate entity since the Company has no assets or financial resources.



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Background



BoysToys.com, Inc., a Delaware corporation (the "Company"), was incorporated in the State of Delaware on April 21, 1997 under the name Wagg Corp.





In January 1998 the Company changed its name to Alternative Entertainment, Inc. (the same name of a Nevada corporation (identified below as "AEI-Nevada") previously established for the operation of the Company's business) and in December 1998 the Company's name was changed to BoysToys.com, Inc.



On May 8, 2001, the Company filed a petition for relief under Chapter 11 of the United States Bankruptcy Code.  The filing was in response to an unexpected attempt by the landlord to terminate the Company's long-term lease for the Company's then-existing upscale gentlemen's club in San Francisco, California (the "Club").



On September 12, 2002, the United States Bankruptcy Court transferred the Club, all of the Company's assets and operations from the Company.  Thus, from September 12, 2002 through December 31, 2002, the Company did not have any assets or operations.  The Company's prior proposed plan of reorganization was rejected by the Court. Currently, the Company has no assets or operations and is a mere "public shell" company.



On October 6, 2002, the United States Bankruptcy Court entered an order for a Chapter 7 dissolution. Currently, the Company has no material assets and no operations or business of any kind and there is little or no likelihood that the Company will ever have any material assets, operations or business.  On May 2, 2007, the U.S. Bankruptcy Court for the Northern District of California issued a Final Decree and closed the Company's bankruptcy.



On March 7, 2008, we held our first-ever Stockholders' Meeting.  At the Meeting and as previously disclosed in our Form 8-K filing, the holders of a majority of our outstanding voting stock approved: (A) the change of the Company's name from BoysToys.com, Inc. to Environmental Credits, Ltd.; (B) the reverse split of the Company's Common Stock so that for every 200 pre-split shares held, one new post-split share would be issued; (C) the increase in our authorized Common Stock from 20,000,000 shares to 300,000,000 shares; and (D) the appointment Stanley J. H. Lee, CPA, as our independent auditor.  While the Company's officers believe that the change of the Company's name will serve to better allow the Company to explore other business opportunities, the Company has no current plans to enter any specific business.  Further, the increase in the authorized Common Stock when combined with the reverse split of the outstanding common shares will (when the latter it is effectuated), allow the Company to issue many additional shares of its Common Stock and, in that event, the existing stockholders would incur significant additional dilution. The Company has no current specific plans to issue any additional shares but the increase in authorized Common Stock gives the right to the Company's Board of Directors to issue the additional shares without the necessity of obtaining stockholder approval. We are in the process of completing the steps necessary to effect the reverse split of our Common Stock which will be announced via the timing filing of the Form 8-K.



Results of Operations



As used herein, the term "we," "us," "our," and the "Company" refers to BoysToys.com, Inc. and its subsidiaries unless otherwise noted. As noted elsewhere and following the approval of our stockholders, our corporate name in future filings will be changed to Environmental Credits, Ltd.



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First Quarter 2008 vs. First Quarter 2007



During the first three months ending March 31, 2008 ("First Quarter 2008"), we recorded no sales revenues.  The lack of sales revenues resulted from the action taken by the U.S. Bankruptcy Court (the "Court") on September 12, 2002 wherein the Court transferred all of the Company's assets and operations from the Company. Since that date we have been a mere "public shell" company. Similarly and for the same reasons, for the first three months ending March 31, 2007 ("First Quarter 2007"), the Company recorded no sales revenues.



The Company did not record ant Cost of Sales, Depreciation & Amortization Expense, or General & Administrative Expenses during either the First Quarter 2008 or during the First Quarter 2007. In addition, during both periods the Company recorded no Interest Expense and no Interest Income.



The Company's management has estimated that future administrative costs will likely total $25,000.  However, this is only an estimate and given the uncertainties of the Company and the factors that are beyond the Company's control, we cannot assure you that we will not incur even greater costs in the future.



As a result, the Company recorded no Net Income during both First Quarter 2008 and during First Quarter 2007.



Liquidity and Capital Resources



Since the Company's filing of its petition of bankruptcy in the U.S. Bankruptcy Court for the Northern District of California on May 8, 2001, the Company's liquidity and access to capital and any sources of financing has been very limited. Since September 2002, the Company has relied entirely upon its founder and Chief Executive Officer, Ralph M. Amato, to provide a limited amount of funds to the Company to maintain the Company's corporate existence, to pay fees for accounting and auditing, to pay franchise taxes to the State of Delaware, and to pay fees and costs for fulfilling its filing requirements under the Securities Exchange Act of 1934.  Future administrative costs have been estimated, but we cannot be certain that our actual administrative costs will not be even greater.



The Company did not issue any additional shares of its Common Stock or Preferred Stock during First Quarter 2008 or First Quarter 2007.



The Company's management recognizes the extreme and adverse difficulties and challenges it faces.  There is a significant risk that the Company may not continue in existence because the Company has and will likely continue to depend on the ability of its President, Ralph M. Amato to support the Company with loans to provide the funds needed to pay the costs to maintain the Company.  Given the Company's extreme lack of capital resources, there can be no assurance that the Company will receive any financing or funding from any source.  In addition, if any financing should be obtained, existing shareholders will likely incur substantial, immediate, and permanent dilution of their existing investment.



Further, there can be no assurance that the Company will be successful in obtaining any additional financing, or if the Company receives any additional financing, that any such financing can be obtained on terms that may be deemed reasonable given the Company's current financial condition. On May 2, 2007, the United States Bankruptcy Court for the Northern District of California issued a Final Decree which closed the Company's status under Chapter 7 of the U.S. Bankruptcy Code.



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Item 3.  Quantitative and Qualitative Disclosures About Market Risk.



We have no existing operations, assets or business but our Common Stock is subject to a number of substantial risks, including those described Item 1A above.  If any of these or other risks actually occur, the Company's business, financial condition and operating results, as well as the trading price or value of its securities could be materially adversely affected.  No attempt has been made to rank these risks in the order of their likelihood or potential harm.  In addition to those general risks enumerated elsewhere in Item 1A, any purchaser of the Company's common stock should also consider the following risk factors:

Status as a "Public Shell" Company.  We are a public shell company and as such, we are subject to continuing uncertainties and risks due to the lack of assets, business, and any operations.



Insufficient Financial Resources.  We have no material or liquid assets and we are dependent upon our one officer and director, Ralph M. Amato, for financial support including, but not limited to, the essential support necessary to support our very corporate existence.  To that extent, we cannot assure you that we will remain a public company or, for that matter, maintain our corporate charter in Delaware in good standing.



Regulatory Burdens as a "Public Shell" Company.  Since our Common Stock is registered under Section 12(g) of the Securities Exchange Act of 1934, we are burdened by many reporting, disclosure, and filing obligations and we anticipate that these burdens will continue to increase in the future.  While we believe that we have every taken effort to meet our compliance obligations, we cannot assure you that we have always satisfied these obligations and that we will continue to do so in the future.  If we are unsuccessful, we may incur significant fines, penalties, and other obligations.



The costs and necessary cash outlays needed to meet these burdens is substantial and far exceeds our existing financial resources and any financial resources that we may have in near future.  Further, because we are a "public shell" company, it is likely that the trading volume in our Common Stock will remain sporadic and limited.  And, upon effectuation of the 200 for 1 "reverse split" (approved by our stockholders on March 7, 2008) we anticipate that our trading volume will likely decline as well.  For these and other reasons, the purchase of our Common stock should be avoided by any person who can not afford an illiquid investment with a very high likelihood that they will lose all or nearly all of their investment.



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Item 4.  Controls and Procedures

(a)  Evaluation of Disclosure Controls and Procedures.

The Company carried out a limited evaluation, under the supervision and with the participation of the Company's sole officer, of the effectiveness of the design and operation of the Company's disclosure controls and procedures pursuant to Exchange Act Rule 13a-14. Based upon that evaluation, the Chief Executive and Chief Financial Officer (one person) concluded that the Company's disclosure controls and procedures are effective in timely alerting him to material information required to be included in the Company's periodic SEC filings relating to the Company (including its consolidated subsidiary).



(b)  Changes in Internal Controls.



There were no significant changes in the Company's internal controls or in other factors that could significantly affect these internal controls subsequent to the date of our most recent evaluation.





PART II





Item 1.  Legal Proceedings







Item 2.  Changes in Securities







|(A) | the change of the Company's name from BoysToys.com, Inc. to Environmental Credits, Ltd.;                                               
|--- | ---------------------------------------------------------------------------------------------------------------------------------------
|(B) | the reverse split of the Company's Common Stock so that for every 200 pre-split shares 	held, one new post-split share would be issued;
|(C) | the increase in our authorized Common Stock from 20,000,000 shares to 300,000,000 shares; and                                          
|(D) | the appointment Stanley J. H. Lee, CPA, as our independent auditor.                                                                    



We have filed the Amendment with the State of Delaware to effect these changes to our Certificate of Incorporation and we are in the process of completing the steps necessary to effect the reverse split of our Common Stock which will be announced via the timely filing of the Form 8-K.



|(c) | Issuances of Equity Securities
|--- | ------------------------------







Item 3.  Defaults Upon Senior Securities







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Item 4.  Submission of Matters to a Vote of Security Holders



On March 7, 2008 the holders of a majority of our outstanding voting stock voted at our first-ever Stockholders' Meeting and approved the following:



|(A) | the change of the Company's name from BoysToys.com, Inc. to Environmental Credits, Ltd.;                                               
|--- | ---------------------------------------------------------------------------------------------------------------------------------------
|(B) | the reverse split of the Company's Common Stock so that for every 200 pre-split shares 	held, one new post-split share would be issued;
|(C) | the increase in our authorized Common Stock from 20,000,000 shares to 300,000,000 shares; and                                          
|(D) | the appointment Stanley J. H. Lee, CPA, as our independent auditor.                                                                    



We have filed the Amendment with the State of Delaware to effect these changes to our Certificate of Incorporation and we are in the process of completing the steps necessary to effect the reverse split of our Common Stock which will be announced via the timely filing of the Form 8-K.



Item 5.  Other Information







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Item 6.  Exhibits and Reports on Form 8-K



|(A) | Exhibits
|--- | --------









|3     | Certificate of Incorporation - Wagg Corp.                                 
|----- | --------------------------------------------------------------------------
|3.1   | Amendment to Certificate of Incorporation - Wagg Corp.                    
|3.2   | Amendment to Certificate of Incorporation - Wagg Corp.                    
|3.3   | By-Laws of Wagg Corp. (Delaware)                                          
|3.4   | Articles of Incorporation - Alternative Entertainment, Inc. (NV)          
|3.5   | By-Laws of Alternative Entertainment, Inc. (NV)                           
|4.1   | Specimen of Common Stock Certificate                                      
|      |                                                                           
|10    | Agreement for the Purchase of Common Stock                                
|10.1  | Lease for Office Space in La Jolla, California                            
|10.2  | Lease of Real Property from Roma Cafe, Inc.                               
|10.3  | Lease of Apartment Units in San Francisco, California                     
|10.4  | Indemnification Agreement between the Company and Ralph M. Amato          
|10.5  | Agreement with Itex Corporation                                           
|10.6  | Employment Agreement Between the Company and Gary Marlin                  
|10.7  | Loan Agreement with Unsecured Convertible Note                            
|10.8  | Unsecured Promissory Note (C. Palozzi)                                    
|10.9  | Settlement Agreement With Bowne of Los Angeles, Inc.                      
|10.10 | Unsecured Promissory Note (V. Amato)                                      
|10.11 | Unsecured Promissory Note (V. Amato)                                      
|10.12 | Secured Promissory Note (R. Smith)                                        
|10.13 | Secured Promissory Note (I. Weeda Family Trust)                           
|10.14 | Secured Promissory Note (I. Weeda Family Trust)                           
|10.15 | Secured Promissory Note (K. Marc)                                         
|10.16 | Secured Promissory Note (G. W. Smith)                                     
|10.17 | Secured Promissory Note (D. Hylton)                                       
|10.18 | Secured Promissory Note (M. Yonika)                                       
|10.19 | Unsecured Promissory Note (R. Kaelan)                                     
|10.20 | Unsecured Convertible Promissory Note ($300,000 - Chin)                   
|10.21 | Addendum to Promissory Note (Essex)                                       
|10.22 | Unsecured Promissory Note ($70,000 - Amato)                               
|10.23 | Unsecured Promissory Note ($16,000 - Amato)                               
|10.24 | Unsecured Promissory Note ($100,000 - Chin)                               
|      |                                                                           
|10.25 | Unsecured Promissory Note ($25,000- I. Weeda Family Trust)                
|10.26 | Unsecured Promissory Note ($25,000 - I. Weeda Family Trust)               
|10.27 | Loan Agreement & Convertible Unsecured Promissory Note ($50,000 - Kawesch)
|10.28 | Unsecured Promissory Note ($100,000 - Lewis Chin)                         
|10.29 | Unsecured Promissory Note ($25,000 - Thomas Johnson)                      
|10.30 | Loan Agreement & Convertible Unsecured Promissory Note ($25,000-Tinney)   
|      |                                                                           
|23.1  | Consent of Pannell Kerr Forster                                           
|23.2  | Resignation of Pannell Kerr Forster                                       
|23.3  | Consent of Pannnell Kerr Forster                                          
|23.4  | Acknowledgment of Armando C. Ibarra                                       



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|31.1 | Certification
|---- | -------------
|31.2 | Certification
|32.1 | Certification
|32.2 | Certification



|(B) | Form 8-K
|--- | --------















SIGNATURES









|                    | Registrant:                                                 
|------------------- | ------------------------------------------------------------
|                    | BoysToys.com, Inc.                                          
|                    |                                                             
|                    | /s/ Ralph M. AmatoRalph M. Amato, President, Chairman, & CFO
|Date:  May 19, 2008 |                                                             











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