**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      D.C. 20549





**FORM
      10-Q**


(Mark
      One)





**x**
            QUARTERLY
                REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
                ACT OF
                1934 FOR THE QUARTERLY PERIOD ENDED**September 30, 2008**





**o**
            TRANSITION
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934.****





**Commission
      File No.** **000-51783**





**Novint
      Technologies, Inc.**





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





**Delaware**
            
            85-0461778(State
                or other jurisdiction of incorporation or
            
            (IRS
                Employer Identificationorganization)
            
            No.)





**4601
      Paradise Boulevard NW, Suite B,**


**Albuquerque,
      New Mexico 87114**


(Address
      of principal executive offices)





**(866)
      298-4420**


(Registrant's
      telephone number, including area code)





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 reports), and (2) has been subject to such filing requirements
      for
      the past 90 days. Yes x No o





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
      the definitions of “large accelerated filer,” “accelerated filer” and “smaller
      reporting company” in Rule 12b-2 of the Exchange Act. (Check one):




Large
                Accelerated filer o
            Non-Accelerated
                Filer oAccelerated
                Filer o
            Smaller
                Reporting Company x





The
      registrant is a shell company (as defined by Rule 12b-2 of the Exchange
      Act). Yes o No x




APPLICABLE
      ONLY TO CORPORATE ISSUERS:





Indicate
      the number of shares outstanding of each issuer's classes of common stock,
      as of
      the latest practicable date: 32,255,062 issued and outstanding as of
      November 11, 2008.







**NOVINT
      TECHNOLOGIES, INC.**


TABLE
      OF
      CONTENTS


TO
      QUARTERLY REPORT ON FORM 10-Q


FOR
      PERIOD ENDED SEPTEMBER 30, 2008




**Page****PART
                I**
            **FINANCIAL
                INFORMATION**Item
                1.
            Financial
                Statements
            3Balance
                Sheets
            3Statements
                of Operations
            4Statement
                of Changes in Stockholders’ Equity
            5Statements
                of Cash Flows
            6Notes
                to Financial Statements
            7Item
                2.
            Management's
                Discussion and Analysis of Financial Condition and Results of
                Operations
            14Item
                3.
            Quantitative
                and Qualitative Disclosures About Market Risk
            21Item
                4.
            Controls
                and Procedures
            21**PART
                II**
            **OTHER
                INFORMATION**Item
                1.
            Legal
                Proceedings
            21Item
                1A.
            Risk
                Factors
            21Item
                2.
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            22Item
                3.
            Defaults
                Upon Senior Securities
            22Item
                4.
            Submission
                of Matters to a Vote of Security Holders
            22Item
                5.
            Other
                Information
            22Item
                6.
            Exhibits
            23**Signatures**
            26**Exhibits**








2


**PART
      I - FINANCIAL INFORMATION**





**ITEM
      1.**  **FINANCIAL
      STATEMENTS**




**Novint
                  Technologies, Inc.****BALANCE
                  SHEETS**


September
                  30, 2008
              
              December
                  31, 2007(Unaudited)**ASSETS**CURRENT
                  ASSETS:Cash
                  and cash equivalents
              
              $
              575,887
              
              $
              2,704,367Accounts
                  receivable, net
              
              
              28,455
              
              
              80,724Prepaid
                  expenses and other current assets
              
              
              1,130,873
              
              
              257,787Inventory
              
              
              1,624,648
              
              
              474,461Deposit
                  on purchase of inventory
              
              
              48,939
              
              
              469,644Total
                  current assets
              
              
              3,408,802
              
              
              3,986,983PROPERTY
                  AND EQUIPMENT, NET
              
              
              498,443
              
              
              443,576DEFERRED
                  FINANCING COSTS
              
              
              393,350
              
              
              -PREPAID
                  EXPENSES - NET OF CURRENT PORTION
              
              
              979,713
              
              
              125,706SOFTWARE
                  DEVELOPMENT COSTS, NET
              
              
              615,597
              
              
              644,308INTANGIBLE
                  ASSETS, NET
              
              
              777,289
              
              
              405,299DEPOSITS
              
              
              28,224
              
              
              43,063Total
                  assets
              
              $
              6,701,418
              
              $
              5,648,935**LIABILITIES
                  AND STOCKHOLDERS' EQUITY**CURRENT
                  LIABILITIES:Accounts
                  payable
              
              $
              658,163
              
              $
              230,677Accrued
                  payroll related liabilities
              
              
              217,656
              
              
              195,549Accrued
                  expenses
              
              
              219,045
              
              
              238,060Accrued
                  expenses - related parties
              
              
              21,965
              
              
              22,564Deferred
                  revenue
              
              
              29,390
              
              
              44,966Total
                  current liabilities
              
              
              1,146,219
              
              
              731,816LONG
                  TERM LIABILITIES:Convertible
                  notes payable, net of unamortized debtdiscount
                  of $4,368,010
              
              
              794,188
              
              
              -Total
                  liabilities
              
              
              1,940,407
              
              
              731,816COMMITMENTS
                  AND CONTINGENCIESSTOCKHOLDERS'
                  EQUITY:Common
                  stock, authorized 150,000,000 shares, $0.01par
                  value; 32,255,062 and 31,898,955 shares issuedand
                  outstanding, respectively
              
              
              322,552
              
              
              318,990Additional
                  paid-in capital
              
              
              31,646,939
              
              
              25,348,138Accumulated
                  deficit
              
              
              (27,203,875
              )
              
              (20,745,404
              )Accumulated
                  other comprehensive loss
              
              
              (4,605
              )
              
              (4,605
              )Total
                  stockholders' equity
              
              
              4,761,011
              
              
              4,917,119Total
                  liabilities and stockholders' equity
              
              $
              6,701,418
              
              $
              5,648,935


The
        accompanying notes are an integral part of these financial
        statements.




3




**Novint
                  Technologies, Inc.****STATEMENTS
                  OF OPERATIONS**




For
                  the Three Months Ended
              
              For
                  the Nine Months EndedSeptember
                  30, 2008
              
              September
                  30, 2007
              
              September
                  30, 2008
              
              September
                  30, 2007(Unaudited)
              
              (Unaudited)
              
              (Unaudited)
              
              (Unaudited)Revenue:Project
              
              $
              4,500
              
              $
              5,892
              
              $
              50,229
              
              $
              164,796Product
              
              
              71,649
              
              
              81,785
              
              
              181,848
              
              
              117,275Total
                  revenue
              
              
              76,149
              
              
              87,677
              
              
              232,077
              
              
              282,071Cost
                  of goods sold:Project
              
              
              3,014
              
              
              2,569
              
              
              37,141
              
              
              126,304Product
              
              
              81,396
              
              
              87,896
              
              
              210,549
              
              
              129,341Total
                  cost of goods sold
              
              
              84,410
              
              
              90,465
              
              
              247,690
              
              
              255,645Gross
                  profit (loss)
              
              
              (8,261
              )
              
              (2,788
              )
              
              (15,613
              )
              
              26,426Operating
                  expensesResearch
                  and development
              
              
              323,649
              
              
              290,932
              
              
              918,580
              
              
              913,573General
                  and administrative
              
              
              1,214,010
              
              
              1,160,109
              
              
              3,839,384
              
              
              3,730,676Depreciation
                  and amortization
              
              
              161,416
              
              
              93,879
              
              
              379,606
              
              
              202,996Sales
                  and marketing
              
              
              152,479
              
              
              452,148
              
              
              378,688
              
              
              770,197Total
                  operating expenses
              
              
              1,851,554
              
              
              1,997,068
              
              
              5,516,258
              
              
              5,617,442Loss
                  from operations
              
              
              (1,859,815
              )
              
              (1,999,856
              )
              
              (5,531,871
              )
              
              (5,591,016
              )Other
                  (income) expenseInterest
                  income
              
              
              (1,521
              )
              
              (85,025
              )
              
              (15,312
              )
              
              (192,573
              )Interest
                  expense
              
              
              45,880
              
              
              2,979
              
              
              77,032
              
              
              146,699Debt
                  discount related to convertible debts
              
              
              431,264
              
              
              -
              
              
              867,087
              
              
              -Other
                  (income) expense
              
              
              -
              
              
              -
              
              
              (2,207
              )
              
              -Net
                  other (income) expense
              
              
              475,623
              
              
              (82,046
              )
              
              926,600
              
              
              (45,874
              )Net
                  loss
              
              $
              (2,335,438
              )
              $
              (1,917,810
              )
              $
              (6,458,471
              )
              $
              (5,545,142
              )Loss
                  per share, basic and diluted:Net
                  loss
              
              $
              (0.07
              )
              $
              (0.06
              )
              $
              (0.20
              )
              $
              (0.19
              )Weighted-average
                  common sharesoutstanding,
                  basic and diluted
              
              
              32,259,424
              
              
              31,626,498
              
              
              32,023,821
              
              
              28,772,362


The
        accompanying notes are an integral part of these financial
        statements.


4


**Novint
                  Technologies, Inc.****STATEMENT
                  OF CHANGES IN STOCKHOLDERS’ EQUITY****For
                  the Nine Months Ended September 30, 2008****(Unaudited)**




AccumulatedAdditional
              
              
              
              OtherCommon
                  Stock
              
              Paid-in
              
              Accumulated
              
              ComprehensiveShares
              
              Amount
              
              Capital
              
              (Deficit)
              
              Loss
              
              TotalBalances,
                  December 31, 2007
              
              
              31,898,955
              
              $
              318,990
              
              $
              25,348,138
              
              $
              (20,745,404
              )
              $
              (4,605
              )
              $
              4,917,119Common
                  stock issued for services
              
              
              27,664
              
              
              277
              
              
              26,923
              
              
              -
              
              
              -
              
              
              27,200Common
                    stock issued related to conversion of convertible
                    debts
              
              
              72,900
              
              
              729
              
              
              72,170
              
              
              -
              
              
              -
              
              
              72,899Common
                    stock issued for settlement of accrued liabilities
              
              
              117,993
              
              
              1,180
              
              
              115,720
              
              
              -
              
              
              -
              
              
              116,900Common
                    stock issued related to exercise of options
              
              
              135,000
              
              
              1,350
              
              
              66,150
              
              
              -
              
              
              -
              
              
              67,500Common
                      stock issued related to cashless options
              
              
              2,550
              
              
              26
              
              
              (26
              )
              
              -
              
              
              -
              
              
              -Options
                  vested for employees services
              
              
              -
              
              
              -
              
              
              353,089
              
              
              -
              
              
              -
              
              
              353,089Options
                  vested to consultants for services
              
              
              -
              
              
              -
              
              
              381,219
              
              
              -
              
              
              -
              
              
              381,219Warrants
                  issued for financing costs
              
              
              -
              
              
              -
              
              
              48,459
              
              
              -
              
              
              -
              
              
              48,459Debt
                  discount and beneficial conversion feature related to convertible
                  notes
              
              
              -
              
              
              -
              
              
              5,235,097
              
              
              -
              
              
              -
              
              
              5,235,097Net
                  loss
              
              
              -
              
              
              -
              
              
              
              
              
              (6,458,471
              )
              
              -
              
              
              (6,458,471
              )Balances,
                  September 30, 2008 (Unaudited)
              
              
              32,255,062
              
              $
              322,552
              
              $
              31,646,939
              
              $
              (27,203,875
              )
              $
              (4,605
              )
              $
              4,761,011
  The
        accompanying notes are an integral part of these financial
        statements.


5


**Novint
                  Technologies, Inc.****STATEMENTS
                  OF CASH FLOWS**


For
                  the Nine Months EndedSeptember
                  30,
              
              September
                  30,2008
              
              2007(Unaudited)
              
              (Unaudited)Cash
                  flows from operating activities:Net
                  loss
              
              $
              (6,458,471
              )
              $
              (5,545,142
              )Adjustments
                  to reconcile net loss to net cash provided by (used in)operating
                  activitiesDepreciation
                  and amortization
              
              
              379,606
              
              
              202,996Amortization
                  of capitalized finance cost and debt discount
              
              
              932,809
              
              
              -Common
                  stock issued for services
              
              
              27,200
              
              
              434,002Options
                  issued to employees and consultant for services
              
              
              734,308
              
              
              866,780Changes
                  in operating assets and liabilities:Accounts
                  receivable
              
              
              52,269
              
              
              (31,804
              )Prepaid
                  expenses
              
              
              (857,186
              )
              
              (1,133,704
              )Inventory
              
              
              (1,150,187
              )
              
              (133,308
              )Deposit
                  on purchase of inventory
              
              
              420,705
              
              
              -Prepaid
                  expenses
              
              
              (854,007
              )
              
              -Deposits
              
              
              14,839
              
              
              283,071Accounts
                  payable and accrued liabilities
              
              
              (98,452
              )
              
              218,459Accrued
                  expenses related party
              
              
              17,401
              
              
              (53,122
              )Costs
                  and estimated earnings in excess of billings on contracts, net
              
              
              -
              
              
              (5,892
              )Deferred
                  revenues
              
              
              (15,576
              )
              
              46,779Billings
                  in excess of costs and estimated earnings on contracts, net
              
              
              -
              
              
              (5,500
              )Net
                  cash (used in) operating activities
              
              
              (6,854,742
              )
              
              (4,856,385
              )Cash
                  flows from (to) investing activities:Intangible
                  expenditures
              
              
              (39,424
              )
              
              (155,462
              )Capital
                  outlay for software development costs
              
              
              (89,056
              )
              
              (406,519
              )Capital
                  outlay for investment in marketable securities
              
              
              -
              
              
              (1,993,633
              )Property
                  and equipment purchases
              
              
              (132,354
              )
              
              (244,809
              )Net
                  cash (used in) investing activities
              
              
              (260,834
              )
              
              (2,800,423
              )Cash
                  flows from (to) financing activities:Proceeds
                  from exercise of options
              
              
              67,500
              
              
              136,684Proceeds
                  from issuance of common stock
              
              
              -
              
              
              10,330,000Offering
                  costs
              
              
              (315,501
              )
              
              (385,010
              )Proceeds
                  from convertible notes payable
              
              
              5,235,097
              
              
              -Net
                  cash provided by financing activities
              
              
              4,987,096
              
              
              10,081,674Net
                  increase (decrease) in cash and cash equivalents
              
              
              (2,128,480
              )
              
              2,424,866Cash
                  and cash equivalents at beginning of period
              
              
              2,704,367
              
              
              255,468Cash
                  and cash equivalents at end of period
              
              $
              575,887
              
              $
              2,680,334Supplemental
                  information:Interest
                  paid
              
              $
              -
              
              $
              -Income
                  taxes paid
              
              $
              -
              
              $
              -Non-cash
                  investing and financing activities:Debt
                  discount and deferred financing cost related to convertible notespayable
                  recorded against paid-in capital
              
              $
              5,235,097
              
              $
              -Payment
                  of offering costs with60,000
                  warrants
              
              $
              48,459
              
              $
              -Deferred
                  financing cost recognize and netted against paid-in capital
              
              $
              -
              
              $
              54,354Purchase
                  of licenses with common stock
              
              $
              -
              
              $
              10,001Conversion
                  of convertible debts with common stock
              
              $
              72,899
              
              $
              -Payment
                  of notes payable and accrued interest with common stock
              
              $
              -
              
              $
              358,081Payment
                  of accrued liabilities with common stock
              
              $
              116,900
              
              $
              585,634




The
      accompanying notes are an integral part of these financial
      statements.




6


**Novint
        Technologies, Inc.**
 
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 **SEPTEMBER
        30, 2008 AND 2007**
 **(Unaudited)**
 
 **NOTE
        1 — BASIS OF PRESENTATION AND NATURE OF BUSINESS**
 
 **Basis
        of Presentation**
 
 The
        unaudited financial statements have been prepared by Novint Technologies,
        Inc.
        (the “Company“ or “Novint”), in accordance with generally accepted accounting
        principles for interim financial information and with the instructions for
        Form
        10-Q and Regulation S-X as promulgated by the Securities and Exchange
        Commission (“SEC”). Accordingly, these financial statements do not include all
        of the disclosures required by generally accepted accounting principles in
        the
        United States of America for complete financial statements. These unaudited
        interim financial statements should be read in conjunction with the audited
        financial statements and the notes thereto included on Form 10-KSB for the
        period ended December 31, 2007. In the opinion of management, the unaudited
        interim financial statements furnished herein include all adjustments, all
        of
        which are of a normal recurring nature, necessary for a fair statement of
        the
        results for the interim period presented. The results of the three and nine
        months ended September 30, 2008 are not necessarily indicative of the results
        to
        be expected for the full year ending December 31, 2008.
 
 **Reclassifications**
 
 Certain
        prior year amounts were reclassified to conform to the September 30, 2008
        presentation.
 
 **Nature
        of Business**
 
 Novint
        Technologies, Inc. (the “Company” or “Novint”) was originally incorporated in
        the State of New Mexico in April 1999. On February 26, 2002, the Company
        changed
        its state of incorporation to Delaware by merging with Novint Technologies,
        Inc., a Delaware corporation. This merger was accounted for as a reorganization
        of the Company. The Company currently is engaged in the development and sale
        of
        3D haptics products and equipment. Haptics refers to one’s sense of touch. The
        Company’s focus is in the consumer interactive computer gaming market, but the
        company also does project work in other areas. The Company’s operations are
        based in New Mexico with sales of its haptics products primarily to consumers
        through the Company’s website at www.novint.com and retail outlets.
 
 **Management’s
        Plans**
 
 As
        of
        September 30, 2008, the Company had total current assets of $3,408,802 and
        total
        current liabilities of $1,146,219, resulting in a working capital surplus
        of
        $2,262,583. As of September 30, 2008, the Company had cash totaling $575,887.
        During the nine months ended September 30, 2008 as further discussed in Note
        4,
        the Company raised approximately $5,235,000 from the issuance of convertible
        notes and warrants through a subscription agreement. The Company believes
        that
        it has sufficient working capital to maintain its operations for twelve months;
        however, it will continue to seek additional working capital in order to
        fully
        execute on its business plans with respect to the haptics technology and
        the
        further development of the Novint Falcon and related software and accessories.
 
 
 7
  **NOTE
        2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
 
 **Software
        Development Costs**
 
 The
        Company accounts for its software development costs in accordance with Statement
        of Financial Accounting Standards (SFAS) Number 86, Accounting for the Costs
        of
        Computer Software to be Sold, Leased, or Otherwise Marketed. This statement
        requires that, once technological feasibility of a developing product has
        been
        established, all subsequent costs incurred in developing that product to
        a
        commercially acceptable level be capitalized and amortized ratably over the
        estimated life of the product, which is generally 5 years. The Company has
        capitalized software development costs in connection with its haptics technology
        beginning in 2000. Amortization is computed on the straight-line basis over
        the
        estimated life (5 years) of the haptics technology. As of September 30, 2008,
        the Company’s capitalized software development costs totaled $923,224 (net of
        $307,627 of accumulated amortization). The estimated annual amortization
        expense
        related to the capitalized software development cost is approximately $155,000
        per year. Amortization expense related to software development costs for
        the
        three and nine months ended September, 2008 and 2007 totaled $40,170 and
        $117,153, and $32,089 and $66,637, respectively.
 
 The
        Company follows Statement of Position (SOP) No. 98-1, Accounting for the
        Costs
        of Computer Software Developed or Obtained for Internal Use, which requires
        capitalization of certain costs incurred during the development of internal
        use
        software. Through September 30, 2008, capitalizable costs incurred have not
        been
        significant for any development projects. Accordingly, the Company has charged
        all related costs to research and development expense in the periods incurred.
 
 **Property
        and Equipment**
 
 Property
        and equipment is stated at cost. Depreciation on property and equipment is
        calculated on a straight-line depreciation method over the estimated useful
        lives of the assets, which range from 3 to 5 years for software and
        computer equipment, and 5 years for office equipment. Repairs and
        maintenance costs are expensed as incurred. Depreciation expense was $26,468
        and
        $77,487, and $14,707 and $32,304 for the three and nine months ended September
        30, 2008 and 2007, respectively.
 
 **Intangible
        Assets**
 
 Intangible
        assets consist of licensing agreements of $1,245,543 and patents of $40,706,
        and
        are carried at cost less accumulated amortization of $508,960. Amortization
        is
        computed using the straight-line method over the economic life of the assets,
        which range between 3 and 12 years. For the three and nine months ended
        September 30, 2008 and 2007, the Company recognized amortization expense
        of
        approximately $94,778 and $184,966, and $47,083 and $104,055, respectively,
        related to intangible assets.
 
 Annual
        amortization of intangible assets remaining at September 30, 2008, is as
        follows:
 
 Year
                  Ended December 31,2008
              
              
              382,9162009
              
              
              326,0202010
              
              
              67,1032011
              
              
              1,2502012
                  and after
              
              
              --Total
              
              $
              777,289
 
 **Revenue
        and Cost Recognition**
 
 The
        Company recognizes revenue from the sale of software products under the
        provisions of SOP 97-2, Software Revenue Recognition, as amended by SOP 98-4
        and
        SOP 98-9. SOP 97-2 generally requires that revenue recognized from software
        arrangements be allocated to each element of the arrangement based on the
        relative vendor specific objective evidence of fair values of the elements,
        such
        as software products, upgrades, enhancements, post contract customer support,
        installation or training. Under SOP 97-2, if the determination of vendor
        specific objective evidence of fair value for each element of the arrangement
        does not exist, all revenue from the arrangement is deferred until such time
        that evidence does exist or until all elements of the arrangement are
        delivered.
 
 SOP
        97-2
        was amended in December 1998 by SOP 98-9, Modification of SOP 97-2 Software
        Revenue Recognition with Respect to Certain Transactions. SOP 98-9 clarified
        what constitutes vendor specific objective evidence of fair value and introduced
        the concept of the “residual method” for allocating revenue to elements in a
        multiple element arrangement.
 
 8
 The
        Company’s revenue recognition policy is as follows:
 
 Project
        revenue consists of programming services provided to unrelated parties under
        fixed-price contracts. Revenues from fixed price programming contracts are
        recognized in accordance with SOP 81-1, Accounting for Performance of
        Construction-Type and Certain Production-Type Contracts, and Accounting Research
        Bulletin (ARB) 45, Long-Term Construction-Type Contracts, using the
        percentage-of-completion method, measured by the percentage of costs incurred
        to
        date compared with the total estimated costs for each contract. The Company
        accounts for these measurements in the accompanying balance sheets under
        costs
        and estimated earnings in excess of billings on contracts, and billings in
        excess of costs and estimated earnings on contracts. Provisions for estimated
        losses on uncompleted contracts are made and recorded in the period in which
        the
        loss is identified. As of September 30, 2008 the Company did not have any
        costs
        and estimated earnings in excess of billings on contracts or any billings
        in
        excess of costs and estimated earnings on contracts. All contracts were 100%
        complete as of September 30, 2008.
 
 Revenue
        from product sales relates to the sale of the Falcon haptics interface, which
        is
        a human-computer user interface (the “Falcon”) and related accessories. The
        Falcon allows the user to experience the sense of touch when using a computer,
        while holding its interchangeable handle. The Falcons are manufactured by
        an
        unrelated party. Revenue from the product sales is recognized when the products
        are shipped to the customer and the Company has earned the right to receive
        and
        retain reasonable assured payments for the products sold and delivered.
        Consequently, if all these revenue from product sales requirements are not
        met,
        such sales will be recorded as deferred revenue until such time as all revenue
        recognition requirements are met.
 
 As
        of
        September 30, 2008, the Company had recorded $29,390 of deferred revenue,
        which
        represents fees received for product and project revenues that have not met
        all
        revenue recognition requirements.
 
 Emerging
        Issues Task Force (EITF) 00-10, Accounting for Shipping and Handling Fees
        and Costs, require amounts billed to a customer in a sales transaction related
        to shipping and handling, if any, to be classified and accounted for as revenues
        earned for the goods provided whereas shipping and handling costs incurred
        by a
        company are required to be classified as cost of sales. The Company’s costs
        associated with shipping product items to the Company’s customers are included
        in the Company’s Cost of Goods Sold, which for the three and nine months ended
        September 30, 2008 and 2007 approximated $2,531 and $27,436, and $16,645
        and
        $21,044, respectively.
 
 Arrangements
        made with certain customers, including slotting fees and co-operative
        advertising, are accounted for in accordance with EITF No. 01-9, Accounting
        for
        Consideration Given by a Vendor to a Customer (Including a Reseller of the
        Vendor's Products). These incentives are recognized as a reduction in revenue
        or
        as a selling, general, and administrative expense, respectively, when payment
        is
        made to a customer (or at the time the Company has incurred the obligation,
        if
        earlier) unless the Company receives a benefit over a period of time and
        the
        Company meets certain other criteria, such as retailer performance,
        recoverability and enforceability, in which case the incentive is recorded
        as an
        asset and is amortized as a reduction of revenue over the term of the
        arrangement.
 
 EITF
        01-14, Income Statement Characterization of Reimbursements Received for
“Out-of-Pocket” Expenses Incurred, requires reimbursements received for
        out-of-pocket expenses incurred while providing services to be characterized
        in
        the statements of operations as revenue. The Company’s out-of-pocket expenses
        incurred in connection with their project revenues are recognized in revenues
        based on a computed overhead rate that is included in their project labor
        costs
        to derive a project price.
 
 In
        accordance with EITF 99-19, Reporting Revenue Gross as a Principal versus
        Net as
        an Agent, the Company recognizes its product sales on a gross basis. The
        Company
        is responsible for fulfillment, including the acceptability of the product
        ordered. The Company has risks and rewards of ownership such as the risk
        of loss
        for collection, delivery or returns. Title passes to the customer upon receipt
        of the product by the customer. In accordance with the Company’s agreement with
        its customer, further obligation is limited to the terms defined in its
        warranty.
 
 The
        Company’s customers are provided a one (1) year limited warranty on the Falcon.
        This warranty guarantees that the products shall be free from defects in
        material and workmanship. Additionally, the Company offers its customers
        of the
        Falcon a 30 day money back guarantee. The Company continually evaluates its
        reserve accounts for both the limited warranty and 30 day money back guarantee
        based on its historical activities. As
        of
        September 30, 2008, the Company has accrued $11,800 as warranty
        reserve.
 
 9
 
 **Loss
        per Common Share**
 
 Statement
        of Financial Accounting Standards No. 128 *,
        Earnings Per Share* ,
        (SFAS
        128) provides for the calculation of “Basic” and “Diluted” earnings per share.
        Basic earnings per share includes no dilution and is computed by dividing
        net
        loss available to common shareholders by the weighted average number of common
        shares outstanding for the period. All potentially dilutive securities have
        been
        excluded from the computations since they would be antidilutive. However,
        these
        dilutive securities could potentially dilute earnings per share in the future.
        As of September 30, 2008 and 2007, the Company had a total of 12,736,867
        and
        27,322,342 in potentially dilutive securities, respectively.
 
 **Stock
        Option Plans**
  The
        Company adopted SFAS No. 123 (Revised 2004), Share Based Payment (“SFAS
        No. 123R”), under the modified-prospective transition method on
        January 1, 2006. SFAS No. 123R requires companies to measure and
        recognize the cost of employee services received in exchange for an award
        of
        equity instruments based on the grant-date fair value. Share-based compensation
        recognized under the modified-prospective transition method of SFAS
        No. 123R includes share-based compensation based on the grant-date fair
        value determined in accordance with the original provisions of SFAS
        No. 123, Accounting for Stock-Based Compensation, for all share-based
        payments granted prior to and not yet vested as of January 1, 2006 and
        share-based compensation based on the grant-date fair-value determined in
        accordance with SFAS No. 123R for all share-based payments granted after
        January 1, 2006.
 
 The
        Company recognized $353,033 and $303,878 in employee share-based compensation
        expense for the nine months ended September 30, 2008 and 2007, respectively.
        The
        fair value of the stock options was estimated using the Black-Scholes option
        pricing model. In calculating the fair value of options for stock based
        compensation for the nine months ended September 30, 2008, the following
        assumptions were used: closing price of the common stock at the date of grant,
        risk-free rates ranged from 4.00% to 5.25%, volatility of the options ranged
        from 73% to 157%, estimated lives of 3 to 10 years and exercise prices ranged
        from $0.66 to $1.20 per share.
 
 **Research
        and Development**
 
 Research
        and development costs are expensed as incurred and amounted to $323,649 and
        $918,580, and $290,932 and $913,573 for the three and nine months ended
        September 30, 2008 and 2007, respectively.
 
 **Recently
        Issued Accounting Pronouncements**
 
 The
        Company has adopted all recently issued accounting pronouncements. The adoption
        of the accounting pronouncements, including those not yet effective is not
        anticipated to have a material effect on the financial position or results
        of
        operations of the Company.
 
 In
        March
        2008, the FASB issued SFAS No. 161, “Disclosures about Derivative Instruments
        and Hedging Activities - an amendment of FASB Statement No. 133” (“SFAS No.
        161”). SFAS No. 161 amends and expands the disclosure requirements of SFAS No.
        133, “Accounting for Derivative Instruments and Hedging Activities” (“SFAS No.
        133”). The objective of SFAS No. 161 is to provide users of financial statements
        with an enhanced understanding of how and why an entity uses derivative
        instruments, how derivative instruments and related hedged items are accounted
        for under SFAS No. 133 and its related interpretations, and how derivative
        instruments and related hedged items affect an entity’s financial position,
        financial performance, and cash flows. SFAS No. 161 requires qualitative
        disclosures about objectives and strategies for using derivatives, quantitative
        disclosures about fair value amounts of and gains and losses on derivative
        instruments, and disclosures about credit-risk-related contingent features
        in
        derivative agreements. SFAS No. 161 applies to all derivative financial
        instruments, including bifurcated derivative instruments (and nonderivative
        instruments that are designed and qualify as hedging instruments pursuant
        to
        paragraphs 37 and 42 of SFAS No. 133) and related hedged items accounted
        for
        under SFAS No. 133 and its related interpretations. SFAS No. 161 also amends
        certain provisions of SFAS No. 131. SFAS No. 161 is effective for financial
        statements issued for fiscal years and interim periods beginning after November
        15, 2008, with early application encouraged. SFAS No. 161 encourages, but
        does
        not require, comparative disclosures for earlier periods at initial adoption.
        The Company has not yet determined the effect on its consolidated financial
        statements, if any, upon adoption of SFAS No. 161.
  10
  **NOTE
        3 — INTANGIBLE ASSETS**
 
 Intangible
        assets consisted of the following at September 30, 2008:
 
 Licensing
                  agreements
              
              $
              1,245,543Patent
              
              
              40,706Less
                  accumulated amortization
              
              
              (508,960
              )$
              777,289
 
 **NOTE
        4- CONVERTIBLE NOTES PAYABLE**
 
 In
        March
        2008, the Company closed on a $2,025,000 private placement of debt securities
        under Regulation D promulgated under the Securities Act of 1933 pursuant to
        the terms of a subscription agreement among the Company and the subscribers’
signatory thereto (the "Subscription Agreement"). From April 2008 through
        June
        2008, the Company closed an additional $3,210,097 for an aggregate Subscription
        Agreement amount of $5,235,097.  Each Subscriber acquired an unsecured
        convertible note in the principal amount invested and a warrant to purchase
        shares of the Company’s common stock with an exercise price of $1.00 per
        share.  In each case, the number of shares of common stock underlying the
        warrant equals the principal amount of the unsecured convertible note. Each
        warrant is exercisable for a term of five (5) years.  The unsecured
        convertible notes have a three (3) year maturity, require payment of principal
        and interest in full on the maturity date, and accrue interest at a rate
        of
        seven percent (7%) beginning on the first anniversary of their respective
        dates of issuance. At the option of the holder, principal outstanding under
        a
        note may be converted into common stock at the conversion rate then in
        effect, initially $1.00 per share. Upon conversion, the holder will receive
        common stock at the conversion price of $1.00 per share and additional warrants
        to purchase shares of common stock at an exercise price of $1.50 per
        share.  The number of shares of common stock underlying the additional
        warrants shall equal one-half (1/2) the principal and interest amounts
        converted.  The additional warrants shall be exercisable for a term of five
        (5) years.  Certain existing shareholders of the Company are entitled to
        purchase notes and warrants under the terms of the Subscription Agreement
        and
        the Company was required to create a second offering of these notes and
        warrants. The
        Company has recorded $459,073 as deferred financing costs associated with
        the
        closing that occurred on June 9, 2008. This amount represents $197,049 accrued
        for legal expenses associated with the private placement, $149,403 paid to
        an
        investment banking company and $112,621 for the value of warrants to purchase
        143,403 shares of the Company’s common stock at $1.00 per share for 5 years owed
        to the same investment banking company. These amounts are being amortized
        to
        interest expense over the term of the notes.
 
 The
        Company has determined the convertible debenture contains a beneficial
        conversion feature and qualifies for treatment under Emerging Issues Task
        Force
        No. 00-27 and 00-19. The estimated fair value of the detachable warrants
        of
        $4,462,663 has been determined using Black-Scholes option pricing model using
        the following assumptions: stock price volatility of 124% to 125%, risk free
        interest rate of 3.77%; dividend yield of 0% and 3 year term. The face amount
        of
        the convertible debenture of $5,235,097 was proportionately allocated to
        the
        debenture and the warrants in the amount of $2,849,425 and $2,385,672,
        respectively. The convertible debentures’ proportionate allocated value of
        $2,849,425 was then further allocated between the debenture and the beneficial
        conversion feature, and the entire remaining value of $2,849,425 was allocated
        to the beneficial conversion feature. The combined total value of the warrant
        and beneficial conversion feature of $5,235,097 has been accounted for as
        a debt
        discount that is being amortized and treated as interest expense over the
        term
        of the convertible debenture under the effective interest method. For the
        three
        and nine months ended September 30, 2008, the Company debt discount amortization
        expense totaled $431,264 and $867,087, respectively. The remaining unamortized
        debt discount at September 30, 2008 totaled $4,368,010.
 
 **NOTE
        5 — COMMITMENTS AND CONTINGENCIES**
 
 From
        time
        to time, in the normal course of business, the Company is subject to routine
        litigation incidental to its business. Although there can be no assurances
        as to
        the ultimate disposition of any such matters, it is the opinion of management,
        based upon the information available at this time, that there are no matters,
        individually or in the aggregate, that will have a material adverse effect
        on
        the results of operations and financial condition of the Company.
 
 The
        Company has licensing agreements with various parties providing gaming software.
        These licensing agreements have royalty provisions which require royalty
        fees
        ranging from 5% to 50% of either gross revenue or net revenue and one licensing
        agreement has a royalty provision of $0.50 per end user. Royalty fees
        paid or accrued for the nine months ended September 30, 2008 and 2007 related
        to
        these licensing agreements approximated $1,709,880 and $172,000, respectively,
        of which $1,959,426 remains as prepaid expenses as of September 30,
        2008.  Based
        upon reaching certain milestones, the Company may be required to pay additional
        amounts.
  11
 
 **NOTE
        6 — STOCKHOLDERS’ EQUITY**
 
 Sale
        of Common Stock and Warrant
 
 During
        January 2007, the Company sold 500,000 shares of common stock and warrants
        for
        500,000 shares of common stock to 8 investors for a total of $500,000. The
        warrants have an exercise price of $1.00 per share and life of five
        years.
 
 Unit
        Subscription Agreement
 
 On
        March 5, 2007, the Company entered into a Unit Subscription Agreement (the
“Agreement”) with 42 accredited investors (the “Purchasers”) pursuant to which
        the Company issued and sold $9,000,000 of Units, at a price of one dollar
        per
        Unit. Each Unit consists of one share of common stock, and one five-year
        warrant
        to purchase one share of common stock at an exercise price of $1.50.
        Accordingly, an aggregate of 9,000,000 shares of its common stock, and warrants
        to purchase 9,000,000 shares of common stock were issued (the “Financing”). The
        Financing closed on March 5, 2007. Under the terms of the Unit Subscription
        Agreement the Company may sell an additional 1,000,000 Units for $1,000,000
        to a
        strategic investor, of which the Company closed on the sale of 580,000 units
        for
        $580,000 on May 11, 2007. Gross proceeds from the Financing to the Company
        were
        $9,000,000, of which $320,010 was paid to certain individuals who served
        as
        placement agents for the transaction and approximately $50,000 was paid to
        counsel for the Purchasers in connection with the transaction. In addition,
        the
        Company had netted a previously capitalized deferred offering cost totaling
        $54,354 towards the gross proceeds from the Financing. The
        Company granted warrants to purchase 320,000 shares of common stock with
        an
        exercise price of $1.50 to certain individuals who served as placement agents
        in
        the financing and options to purchase 173,419 shares of common stock with
        an
        exercise price of $1.00 to AF Double Eagle upon the closing of the Financing.
        These warrants and options have been accounted for as related offering costs. Mr. Tom
        Anderson, the Company’s Chief Executive Officer, invested $25,000 in the
        Financing.
 
 As
        part
        of the terms of the Agreement, the Company entered into an Investor Rights
        Agreement among the Purchasers pursuant to which the Company has agreed to
        file
        a registration statement to register for resale of the shares of common stock
        sold in the Financing, including the shares of common stock underlying the
        warrants, within 55 days following the closing of the Financing. Subject to
        certain exceptions, in the event the registration statement is not filed
        within
        such 55 day period or does not become effective within certain time periods
        set forth in the Investor Rights Agreement, the Company would be required
        to pay
        each purchaser in the Financing an amount in cash equal to 0.0333% of the
        sum of
        (i) the purchase amount paid by the Purchaser and (ii) the amount paid
        upon exercise of the warrants for each day the filing or effectiveness of
        the
        registration statement is delayed and, pursuant to the terms of the warrants,
        the Purchasers would be entitled to exercise their warrants pursuant to a
        cashless exercise formula. In addition, the Company has agreed not to grant
        any
        registration rights that are senior to the registration rights of the Purchasers
        for a period of two years from the closing date without the prior written
        consent of a majority of the Purchasers. The Company filed a Form SB-2
        registration statement as required by the Agreement on May 24, 2007 and it
        became effective on June 19, 2007 within the required timeline of the
        Agreement.
 
 **NOTE
        7 — RELATED PARTIES**
 
 On
        February 18, 2004, the Company granted to a significant shareholder, for
        future
        services, 125,000 options to purchase common stock at an exercise price of
        $0.66
        per share. The options have a 5-year annual vesting provision. Options granted
        to consultants are valued each reporting period to determine the amount to
        be
        recorded as consultant expense in the respective period. As the options vest,
        they will be valued one last time on the vesting date and an adjustment will
        be
        recorded for the difference between the value already recorded and the current
        value on date of vesting. At September 30, 2008, the Company calculated the
        value of the options using the Black-Scholes model based on the following
        assumptions: a risk-free rate of 4.00%, volatility of 115%, estimated life
        of 10
        years and a fair market value of $0.70 per share. At March 31, 2004, the
        Company
        calculated the initial value of the options using the Black-Scholes model
        based
        on the following assumptions: a risk-free rate of 4.05%, volatility of 91%,
        estimated life of 10 years and a fair market value of $1.00 per share. The
        vesting schedule is prorated over the reporting period, and $12,210 and $12,148,
        respectively, was recorded as consultant expense during the nine months ended
        September 30, 2008 and 2007.
  12
  In
        March
        2004, Normandie New Mexico Corporation, which is owned by the former Chief
        Executive Officer (CEO) of Manhattan Scientific (a significant shareholder)
        who
        is also a member of the Company’s Board of Directors, entered into an agreement
        with the Company to provide consulting services in relation to business
        development and marketing support. Fees per the agreement are $6,250 per
        month.
        For the nine months ended September, 2008 and 2007, the Company had paid
        $50,000
        and $121,875, respectively, for these services. As of September 30, 2008,
        the
        Company owed $6,250 to Normandie New Mexico under the agreement.
 
 On
        June
        10, 2004, the Company granted 250,000 options to purchase common stock to
        one of
        the member of the Company’s Board of Directors for future consulting services at
        an exercise price of $0.66 per share. The options have a 5-year annual vesting
        provision. At June 30, 2004, the Company calculated the initial value of
        these
        options using the Black-Scholes model based on the following assumptions:
        a
        risk-free rate of 4.81%, volatility of 100%, estimated life of 10 years and
        a
        fair market value of $1.00 per share. At September 30, 2008, the Company
        calculated the value of the options using the Black-Scholes model based on
        the
        following assumptions: a risk-free rate of 4.00%, volatility of 117%, estimated
        life of 10 years and a fair market value of $0.70 per share. The vesting
        schedule is prorated over the reporting period, and approximately $33,699
        and
        $58,598, respectively, was recorded as consulting expense during the nine
        months
        ended September 30, 2008 and 2007.
 
 One
        of
        the members of the Company’s Board of Directors provided legal services to
        Company. Total legal expense incurred by the Company for such legal services
        by
        this director totaled $120,250 and $106,560 for the nine months ended September
        30, 2008 and 2007, respectively. At the beginning of 2008, the Company granted
        this board member options to purchase 100,000 shares of common stock with
        an
        exercise price of $.89 per share for service performed and to be performed
        in
        relation to the Company’s patents. As of September 30, 2008, 6,709 options had
        vested and the Company recorded $7,089 in expense related to these vested
        options.
  13


**ITEM
      2.**   **MANAGEMENT’S
      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.**





**Forward
      Looking Statements**





*Certain
      statements in the Management’s Discussion and Analysis (“MD&A”), other than
      purely historical information, including estimates, projections, statements
      relating to our business plans, objectives and expected operating results,
      and
      the assumptions upon which those statements are based, are “forward-looking
      statements” within the meaning of the Private Securities Litigation Reform Act
      of 1995, Section 27A of the Securities Act of 1933 and Section 21E of
      the Securities Exchange Act of 1934. These forward-looking statements generally
      are identified by the words “believe,” “project,” “expect,” “anticipate,”
“estimate,” “intend,” “strategy,” “plan,” “may,” “should,” “will,” “would,”
“will be,” “will continue,” “will likely result,” and similar expressions.
      Forward-looking statements are based on current expectations and assumptions
      that are subject to risks and uncertainties which may cause actual results
      to
      differ materially from the forward-looking statements. We undertake no
      obligation to update or revise publicly any forward-looking statements, whether
      as a result of new information, future events, or otherwise.*




*As
      used in this Form 10-Q, unless the context requires otherwise, “we” or “us” or
      the “Company” or “Novint” means Novint Technologies, Inc.*


**OVERVIEW**
 
 We
        were
        initially incorporated in the State of New Mexico as Novint Technologies,
        Inc.
        in April 1999. On February 26, 2002, we changed our state of incorporation
        to
        Delaware by merging into Novint Technologies, Inc., a Delaware corporation.
        We
        have no subsidiaries and operate our business under Novint Technologies,
        Inc. We
        are a haptics technology company (haptics refers to your sense of touch).
        We
        develop, market and sell applications and technologies that allow people
        to use
        their sense of touch to interact with computers.
 
 We
        have
        derived revenues from 3D touch hardware sales, 3D touch software sales, and
        the
        development of professional applications for our customers. We launched our
        Falcon product in June 2007, and are selling it in our on-line store and
        in a
        number of retailers and other websites. We launched an on-line game store
        in
        November 2007. We also have completed a number of professional application
        contracts with customers who desire custom developed software.
 
 Novint
        focuses the majority of its efforts to exploit opportunities in the consumer
        console and PC interactive games market. Using our haptics technology, games
        and
        applications will have the crucial missing “third sense”, touch, to human
        computer interaction. Users will be able to directly and intuitively feel
        the
        shape, texture, and physical properties of virtual objects using our computer
        touch software. Our haptic technology and related hardware for consumers
        is now
        the primary focus of our operations whereas in the past it had been professional
        applications. We will devote a majority of our resources to further developing
        this market and seeking new business relationships with video game developers
        and publishers and hardware manufacturers. We began selling our haptic product,
        the Novint Falcon, in June 2007 through our website at www.novint.com. We
        currently are selling one haptic hardware product which is a haptic game
        controller device called the Novint Falcon marketed in a bundled package
        which
        includes several games. We launched an on-line game store in late 2007, where
        consumers can purchase and download a variety of game titles. Although our
        sales
        of the Novint Falcon and games since product launch have been limited, we
        anticipate sales of the Novint Falcon and games to increase resulting from
        increased sales and distributions to retailers and release of new software
        and
        games in 2008. One of the most significant drivers of revenue for Novint
        will be
        games and content. This is true not only in the revenue we get from the games
        themselves, but largely because this is a criterion we see many of our customers
        desiring in order to justify the Falcon hardware purchase. For example, if
        the
        Novint Falcon has many games available to play on it, a customer can purchase
        a
        single piece of hardware and then over time purchase multiple games that
        give a
        unique gaming experience, making the initial hardware purchase valuable over
        a
        larger amount of time and across a larger number of games. Given our recent
        licensing deals with Valve, Electronic Arts, and Codemasters, and therefore
        dozens of AAA level games that will be supported by the Falcon, we believe
        these
        new licensed games, when released, will drive additional revenue that we
        have
        not seen before the AAA games were released.
 
 14
 **CRITICAL
        ACCOUNTING POLICIES AND ESTIMATES**
 
 High-quality
        financial statements require rigorous application of accounting policies.
        Our
        policies are discussed in our financial statements for the quarter ended
        September 30, 2008 and are considered by management to be critical for an
        understanding of our financial statements because their application places
        the
        most significant demands on management’s judgment, with financial reporting
        results relying on estimation about the effect of matters that are inherently
        uncertain. We review the accounting policies we use in reporting our financial
        results on a regular basis. As part of such review, we assess how changes
        in our
        business processes and products may affect how we account for transactions.
        We
        have not changed our critical accounting policies or practices during 2008.
        New
        accounting policies and practices were implemented in 2007 as necessary based
        on
        the launch of our haptics product sales in June 2007.
 
 REVENUE
        AND COST RECOGNITION — We recognize revenue from the sale of software products
        under the provisions of Statement of Position (“SOP”) 97-2, Software Revenue
        Recognition, as amended by SOP 98-4 and SOP 98-9. SOP 97-2 generally requires
        that revenue recognized from software arrangements be allocated to each element
        of the arrangement based on the relative vendor specific objective evidence
        of
        fair values of the elements, such as software products, upgrades, enhancements,
        post contract customer support, installation, or training. Under SOP 97-2,
        if
        the determination of vendor specific objective evidence of fair value for
        each
        element of the arrangement does not exist, all revenue from the arrangement
        is
        deferred until such time that evidence does exist or until all elements of
        the
        arrangement are delivered.
 
 SOP
        97-2
        was amended in December 1998 by SOP 98-9, Modification of SOP 97-2 Software
        Revenue Recognition with Respect to Certain Transactions. SOP 98-9 clarified
        what constitutes vendor specific objective evidence of fair value and introduced
        the concept of the “residual method” for allocating revenue to elements in a
        multiple element arrangement.
 
 Our
        revenue recognition policy is as follows:
  Project
        revenue consists of programming services provided to unrelated parties under
        fixed-price contracts. Revenues from fixed price programming contracts are
        recognized in accordance with SOP 81-1, Accounting for Performance of
        Construction-Type and Certain Production-Type Contracts, and Accounting Research
        Bulletin 45, Long-Term Construction-Type Contracts, using the
        percentage-of-completion method, measured by the percentage of costs incurred
        to
        date compared with the total estimated costs for each contract. The Company
        accounts for these measurements in the accompanying balance sheets under
        costs
        and estimated earnings in excess of billings on contracts, and billings in
        excess of costs and estimated earnings on contracts. Provisions for estimated
        losses on uncompleted contracts are made and recorded in the period in which
        the
        loss is identified. As of September 30, 2008, the Company did not have any
        costs
        and estimated earnings in excess of billings on contracts, and no billings
        in
        excess of costs and estimated earnings on contracts. All contracts were 100%
        complete as of September 30, 2008.
 
 Revenue
        from product sales relates to the sale of the Falcon haptics interface, which
        is
        a human-computer user interface (the “Falcon”) and related accessories. The
        Falcon allows the user to experience the sense of touch when using a computer,
        while holding its interchangeable handle. The Falcons are manufactured by
        an
        unrelated party. Revenue from the product sales is recognized when the products
        are shipped to the customer and the Company has earned the right to receive
        and
        retain reasonable assured payments for the products sold and delivered.
        Consequently, if all these revenue from product sales requirements are not
        met,
        such sales will be recorded as deferred revenue until such time as all revenue
        recognition requirements are met.
 
 15
 As
        of
        September 30, 2008, the Company had recorded $29,390 of deferred revenue,
        which
        represents fees received for product and project revenues that have not met
        all
        revenue recognition requirements.
 
 Emerging
        Issues Task Force (EITF) 00-10, Accounting for Shipping and Handling Fees
        and Costs, require amounts billed to a customer in a sales transaction related
        to shipping and handling, if any, to be classified and accounted for as revenues
        earned for the goods provided whereas shipping and handling costs incurred
        by a
        company are required to be classified as cost of sales. The Company’s costs
        associated with shipping product items to the Company’s customers are included
        in the Company’s Cost of Goods Sold, which for the three and nine months ended
        September 30, 2008 and 2007 approximated $2,531 and $27,436, and $16,645
        and
        $21,044, respectively.
 
 Arrangements
        made with certain customers, including slotting fees and co-operative
        advertising, are accounted for in accordance with EITF No. 01-9, Accounting
        for
        Consideration Given by a Vendor to a Customer (Including a Reseller of the
        Vendor's Products). These incentives are recognized as a reduction in revenue
        or
        as a selling, general, and administrative expense, respectively, when payment
        is
        made to a customer (or at the time the Company has incurred the obligation,
        if
        earlier) unless the Company receives a benefit over a period of time and
        the
        Company meets certain other criteria, such as retailer performance,
        recoverability and enforceability, in which case the incentive is recorded
        as an
        asset and is amortized as a reduction of revenue over the term of the
        arrangement.
 
 EITF
        01-14, Income Statement Characterization of Reimbursements Received for
“Out-of-Pocket” Expenses Incurred, requires reimbursements received for
        out-of-pocket expenses incurred while providing services to be characterized
        in
        the statements of operations as revenue. The Company’s out-of-pocket expenses
        incurred in connection with their project revenues are recognized in revenues
        based on a computed overhead rate that is included in their project labor
        costs
        to derive a project price.
 
 In
        accordance with EITF 99-19, Reporting Revenue Gross as a Principal versus
        Net as
        an Agent, the Company recognizes its product sales on a gross basis. The
        Company
        is responsible for fulfillment, including the acceptability of the product
        ordered. The Company has risks and rewards of ownership such as the risk
        of loss
        for collection, delivery or returns. Title passes to the customer upon receipt
        of the product by the customer. In accordance with the Company’s agreement with
        its customer, further obligation is limited to the terms defined in its
        warranty.
 
 The
        Company’s customers are provided a one (1) year limited warranty on the Falcon.
        This warranty guarantees that the products shall be free from defects in
        material and workmanship. Additionally, the Company offers its customers
        of the
        Falcon a 30 day money back guarantee. The Company continually evaluates its
        reserve accounts for both the limited warranty and 30 day money back guarantee
        based on its historical activities. As
        of
        September 30, 2008, the Company has accrued $11,800 as warranty
        reserve.
 
 IMPAIRMENT
        — In accordance with Statement of Financial Accounting (“SFAS”) 144, Accounting
        for the Impairment or Disposal of Long-Lived Assets, we review our long-lived
        assets for impairment whenever events or changes in circumstances indicate
        that
        the carrying amount of an asset may not be recoverable. Recoverability of
        assets
        to be held and used is measured by a comparison of the carrying amount of
        an
        asset to future net cash flows expected to be generated by the asset. If
        such
        assets are considered to be impaired, the impairment to be recognized is
        measured by the amount by which the carrying amount of the assets exceeds
        the
        fair value of the assets. Assets to be disposed of are reported at the lower
        of
        the carrying amount or fair value less costs to sell.
 
 SOFTWARE
        DEVELOPMENT COSTS — We account for our software development costs in accordance
        with SFAS 86, Accounting for the Costs of Computer Software to be Sold, Leased,
        or Otherwise Marketed. This statement requires that, once technological
        feasibility of a developing product has been established, all subsequent
        costs
        incurred in developing that product to a commercially acceptable level be
        capitalized and amortized ratably over the estimated life of the product,
        which
        is 5 years. We have capitalized software development costs in connection
        with
        our haptic software beginning in 2000. Amortization is computed on the
        straight-line basis over the estimated life (5 years) of the haptics
        technology.
 
 16
 STOCK
        BASED COMPENSATION - We account for stock based compensation in accordance
        with
        SFAS 123(R), Share-Based Payment, which requires the measurement and recognition
        of compensation expense for all share-based payment awards made to employees
        and
        directors, including employee stock options and employee stock purchases,
        related to a Employee Stock Purchase Plan based on the estimated fair values.
        We
        have used stock option awards in the past and continue to use them as a means
        of
        rewarding our employees and directors for their continued commitment and
        efforts
        in helping us execute our overall business plans.
 
 Additionally,
        the Company has adopted all recently issued accounting pronouncements. The
        adoption of the accounting pronouncements, including those not yet effective
        is
        not anticipated to have a material effect on the financial position or results
        of operations of the Company.
 
 In
        March
        2008, the FASB issued SFAS No. 161, “Disclosures about Derivative Instruments
        and Hedging Activities - an amendment of FASB Statement No. 133” (“SFAS No.
        161”). SFAS No. 161 amends and expands the disclosure requirements of SFAS No.
        133, “Accounting for Derivative Instruments and Hedging Activities” (“SFAS No.
        133”). The objective of SFAS No. 161 is to provide users of financial statements
        with an enhanced understanding of how and why an entity uses derivative
        instruments, how derivative instruments and related hedged items are accounted
        for under SFAS No. 133 and its related interpretations, and how derivative
        instruments and related hedged items affect an entity’s financial position,
        financial performance, and cash flows. SFAS No. 161 requires qualitative
        disclosures about objectives and strategies for using derivatives, quantitative
        disclosures about fair value amounts of and gains and losses on derivative
        instruments, and disclosures about credit-risk-related contingent features
        in
        derivative agreements. SFAS No. 161 applies to all derivative financial
        instruments, including bifurcated derivative instruments (and nonderivative
        instruments that are designed and qualify as hedging instruments pursuant
        to
        paragraphs 37 and 42 of SFAS No. 133) and related hedged items accounted
        for
        under SFAS No. 133 and its related interpretations. SFAS No. 161 also amends
        certain provisions of SFAS No. 131. SFAS No. 161 is effective for financial
        statements issued for fiscal years and interim periods beginning after November
        15, 2008, with early application encouraged. SFAS No. 161 encourages, but
        does
        not require, comparative disclosures for earlier periods at initial adoption.
        The Company has not yet determined the effect on its consolidated financial
        statements, if any, upon adoption of SFAS No. 161.
 
 **RESULTS
        OF OPERATIONS**
 
 THREE
        MONTHS ENDED SEPTEMBER 30, 2008 COMPARED TO THE THREE MONTHS ENDED SEPTEMBER
        30,
        2007.
 
 REVENUES.
        During the quarter ended September 30, 2008, we had revenues of $76,149 as
        compared to revenues of $87,677 during the quarter ended September 30, 2007,
        a
        decrease of approximately 13%. We launched our Falcon product in June 2007,
        and
        launched the on-line game store in November 2007. In September 2007, we launched
        our pistol grip for the Falcon. We had reservations for 600 pistol grips
        at the
        announcement of the launch, and shipped approximately 100 units in the last
        two
        weeks of the quarter. Prior to the launch of our Falcon and the games, all
        of
        our revenues were derived from the development of professional applications.
        In
        2008 our revenues were mainly derived from consumer products, which is a
        much
        different focus.
 
 Our
        revenues in the quarter ended September 30, 2008 were derived from both the
        sales of our haptics products and projects. During the quarter ended September
        30, 2008, we had revenues from the sale of our haptics technology products
        of
        $71,649, as compared to revenues of $81,785 during the quarter ended September
        30, 2007, a decrease of approximately 12%. During the quarter ended September
        30, 2008, we had revenues from projects of $4,500, as compared to revenues
        of
        $5,892 during the quarter ended September 30, 2007, a decrease of approximately
        24%, as the company shifts its focus to consumer products. We will continue
        to
        provide development of professional applications in future years, but the
        primary focus remains on revenues derived from consumer products.
 
 17
 COST
        OF
        GOODS SOLD AND GROSS PROFIT (LOSS). Cost of goods sold for our haptics
        technology products includes the cost of the haptics technology products
        sold
        and the costs associated with shipping product to customers. The cost of
        goods
        sold for our development of professional applications includes materials
        purchased for resale to customers and the direct labor incurred for delivering
        on projects. Costs of goods sold were $84,410 for the quarter ended September
        30, 2008, compared to $90,465 for the quarter ended September 30, 2007. Our
        overall gross loss percentage was approximately 11% for the quarter ended
        September 30, 2008, which is a result of our gross profit from our development
        of professional applications approximately 33%, and gross loss from the sale
        of
        our haptics technology product approximated (14) %, compared to a gross loss
        percentage of 3% for the quarter ended September 30, 2007, which is a result
        of
        our gross profit from our development of professional applications approximately
        56%, and gross loss from the sale of our haptics technology product approximated
        (7) %. Our gross loss experienced from the sale of our haptics technology
        product continues to be impacted by efforts to drive market penetration—freight
        costs to meet the demands of product distribution, costs to place product
        into
        major retail chains, third-party warehousing costs, and lower pricing for
        retailer and distributors; however, we have begun to see improvement in many
        of
        these costs as our processes are worked out.
 
 RESEARCH
        AND DEVELOPMENT EXPENSES. Research and development totaled $323,649 for the
        quarter ended September 30, 2008 compared to $290,932 for the quarter ended
        September 30, 2007, an increase of $32,717 or 11%. Our research and development
        for 2008 increased as we continue to develop new software associated with
        the
        haptics technology product, as well as specialized grips for use with the
        product.
 
 GENERAL
        AND ADMINISTRATIVE EXPENSES. General and administrative expenses totaled
        $1,214,010 for the quarter ended September 30, 2008, compared to $1,160,109
        for
        the quarter ended September 30, 2007, an increase of $53,901 or 5%. The increase
        in general and administrative expenses compared to the prior year was primarily
        related to the addition of infrastructure to support the business that launched
        in June 2007. Business and professional fees decreased approximately $115,000,
        royalty expense decreased approximately $23,000 as first-year minimums on
        license agreements were being reached, and payroll and other overhead expenses
        increased approximately $191,000 as new employees, insurance, office space,
        warehousing, and other expenses were added to support the business. We
        anticipate such expenses to stabilize as we continue to market and promote
        the
        product.
 
 DEPRECIATION
        AND AMORTIZATION EXPENSE. Depreciation and amortization expense totaled $161,416
        for the quarter ended September 30, 2008 compared to $93,879 for the quarter
        ended September 30, 2007, an increase of $67,537 or 72%. This has increased
        as
        we have increased our investment in fixed assets, intangibles, and capitalized
        software.
 
 SALES
        AND
        MARKETING EXPENSE. Sales and marketing expense totaled $152,479 for the quarter
        ended September 30, 2008 compared to $452,148 for the quarter ended September
        30, 2007, a decrease of $299,669 or 66%. In 2007, we had programs focused
        on the
        launch of the Falcon, which occurred in September 2007, and in 2008 expenses
        continued for website development, trade show expenses and an “Evangelist
        Program” to encourage early adopters to tell others about the product.
        Promotional efforts will continue in 2008 with print advertising, trade shows,
        branding, and promotion through the website.
  LOSS
        FROM
        OPERATIONS: We had a loss from operations of $1,859,815 for the quarter ended
        September 30, 2008, compared to a loss from operations of $1,999,856 for
        the
        quarter ended September 30, 2007. Our net losses have decreased slightly
        as a
        result the changes in our operating expenses as described above.
 
 NET
        LOSS.
        We had a net loss of $2,335,438, or $0.07 per share, for the quarter ended
        September 30, 2008, compared to $1,917,810, or $0.06 per share, for the quarter
        ended September 30, 2007. There was an increase in the net loss of $417,628,
        which is a result of an decrease in the loss from operations of approximately
        $140,000, a decrease in interest income of approximately $84,000, and an
        increase in interest expense and debt discount related to convertible debt
        of
        approximately $474,000.
 
 18
 
 NINE
        MONTHS ENDED SEPTEMBER 30, 2008 COMPARED TO THE NINE MONTHS ENDED SEPTEMBER
        30,
        2007.
 
 REVENUES.
        During the nine months ended September 30, 2008, we had revenues of $232,077
        as
        compared to revenues of $282,071 during the nine months ended September 30,
        2007, a decrease of approximately 18%. We launched our Falcon product in
        June
        2007, and launched the on-line game store in November 2007. Prior to this
        launch, all of our revenues were derived from the development of professional
        applications. In 2008 our revenues were mainly derived from consumer products,
        which is a much different focus.
 
 Our
        revenues in the nine months ended September 30, 2008 were derived from both
        the
        sales of our haptics products and projects. During the nine months ended
        September 30, 2008, we had revenues from the sale of our haptics technology
        products of $181,848, as compared to revenues of $117,275 during the nine
        months
        ended September 30, 2007, an increase of approximately 55%. During the nine
        months ended September 30, 2008, we had revenues from projects of $50,229,
        as
        compared to revenues of $164,796 during the nine months ended September 30,
        2007, a decrease of approximately 70%. We will continue to provide development
        of professional applications in future years, but the primary focus remains
        on
        revenues derived from consumer products.
 
 COST
        OF
        GOODS SOLD AND GROSS PROFIT (LOSS). Cost of goods sold for our haptics
        technology products includes the cost of the haptics technology products
        sold
        and the costs associated with shipping product to customers. The cost of
        goods
        sold for our development of professional applications includes materials
        purchased for resale to customers and the direct labor incurred for delivering
        on projects. Costs of goods sold were $247,690 for the nine months ended
        September 30, 2008, compared to $255,645 for the nine months ended September
        30,
        2007. Our overall gross loss percentage was approximately (7)% for the nine
        months ended September 30, 2008, which is a result of our gross profit from
        our
        development of professional applications approximately 26%, and gross loss
        from
        the sale of our haptics technology product approximated (16) %, compared
        to a
        gross profit percentage of 9% for the nine months ended September 30, 2007,
        which is a result of our gross profit from our development of professional
        applications approximately 23%, and gross loss from the sale of our haptics
        technology product approximated (10) %. Our gross profit from the development
        of
        professional applications has remained consistent from year to year. Our
        gross
        loss experienced from the sale of our haptics technology product continues
        to be
        impacted by efforts to drive market penetration— freight
        costs to meet the demands of product distribution ,
        costs
        to place product into major retail chains, third-party warehousing costs,
        and
        lower pricing for retailer and distributors; however, we have begun to see
        improvement in many of these costs as our processes are worked out.
 
 RESEARCH
        AND DEVELOPMENT EXPENSES. Research and development totaled $918,580 for the
        nine
        months ended September 30, 2008 compared to $913,573 for the nine months
        ended
        September 30, 2007, a increase of $5,007 or 1%. Our research and development
        for
        2008 increased slightly as we continue to develop new software associated
        with
        the haptics technology product, as well as specialized grips for use with
        the
        product.
 
 GENERAL
        AND ADMINISTRATIVE EXPENSES. General and administrative expenses totaled
        $3,839,384 for the nine months ended September 30, 2008, compared to $3,730,676
        for the nine months ended September 30, 2007, an increase of $108,708 or
        3%. The
        increase in general and administrative expenses compared to the prior year
        was
        primarily related to the addition of infrastructure to support the business
        that
        launched in June 2007, offset by the reduction in business and professional
        fees. Business and professional fees decreased approximately $779,000, royalty
        expense increased approximately $13,000, and payroll and other overhead expenses
        increased approximately $875,000 as new employees, insurance, office space,
        warehousing, and other expenses were added to support the business. We
        anticipate such expenses to stabilize as we continue to market and promote
        the
        product.
 
 19
 DEPRECIATION
        AND AMORTIZATION EXPENSE. Depreciation and amortization expense totaled $379,606
        for the nine months ended September 30, 2008 compared to $202,996 for the
        nine
        months ended September 30, 2007, an increase of $176,610 or 87%. This has
        increased as we have increased our investment in fixed assets, intangibles,
        and
        capitalized software.
 
 SALES
        AND
        MARKETING EXPENSE. Sales and marketing expense totaled $378,688 for the nine
        months ended September 30, 2008 compared to $770,197 for the nine months
        ended
        September 30, 2007, a decrease of $391,509 or 51%. In 2007, we had programs
        focused on the launch of the Falcon, which occurred in June 2007, and in
        2008
        expenses continued for website development, trade show expenses and an
“Evangelist Program” to encourage early adopters to tell others about the
        product. Promotional efforts will continue in 2008 with print advertising,
        trade
        shows, branding, and promotion through the website.
  LOSS
        FROM
        OPERATIONS: We had a loss from operations of $5,531,871 for the nine months
        ended September 30, 2008, compared to a loss from operations of $5,591,016
        for
        the nine months ended September 30, 2007. Our net losses have decreased slightly
        as a result the changes in our operating expenses as described
        above.
 
 NET
        LOSS.
        We had a net loss of $6,458,471, or $0.20 per share, for the nine months
        ended
        September 30, 2008, compared to $5,545,142, or $0.19 per share, for the nine
        months ended September 30, 2007. There was an increase in the net loss of
        $913,329, which is a result of a decrease in interest income of approximately
        $177,000, an increase in other income of approximately $2,000, a net increase
        in
        interest expense and debt discount related to convertible debt of approximately
        $797,000, offset by a decrease in the loss from operations of approximately
        $59,000
 
 **LIQUIDITY
        AND CAPITAL RESOURCES**
  As
        of
        September 30, 2008, we had a total cash balance of $575,887. Our cash flow
        from
        operating activities for the nine months ended September 30, 2008 resulted
        in a
        deficit of $6,854,742 compared with a deficit of $4,856,385 in the same period
        of the prior year. Our cash flow from investing activities for the nine months
        ended September 30, 2008 resulted in a deficit of $260,834 compared with
        a
        deficit of $2,800,423 in the same period of the prior year. Our cash flow
        from
        financing activities for the nine months ended September 30, 2008 resulted
        in a
        surplus of $4,987,096 compared to a surplus of $10,081,674 in the same period
        of
        the prior year. Overall, our cash decreased by $2,128,480 during the nine
        months
        ended September 30, 2008.
 
 As
        of
        September 30, 2008, the Company had total current assets of $3,408,802 and
        total
        current liabilities of $1,146,219, resulting in a working capital surplus
        of
        $2,262,583. As of September 30, 2008, the Company had cash totaling $575,887.
        During the nine months ended September 30, 2008, the Company raised
        approximately $5,235,000 from the issuance of convertible notes and warrants
        through a subscription agreement. The Company believes that it will require
        additional working capital in order to fully execute on its business plans
        with
        respect to the haptics technology and the further development of the Novint
        Falcon and related software and accessories.


20


**ITEM
      3.**  **QUANTITATIVE
      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**





Not
      Applicable.





**ITEM
      4.**  **CONTROLS
      AND PROCEDURES.**





**Disclosure
      Controls and Procedures**





As
      of the
      end of the period covered by this quarterly report, we carried out an
      evaluation, under the supervision of, and with the participation of our
      management, including our Chief Executive Officer and Chief Financial Officer,
      of the effectiveness of the Company’s disclosure controls and procedures (as
      defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act
      of 1934, as amended) as of the end of the period covered by this report. Based
      on that evaluation, our Chief Executive Officer and Chief Financial Officer
      have
      concluded that, as of the end of the period covered by this report, our
      disclosure controls and procedures were effective to enable us to record,
      process, summarize and report information required to be included in our reports
      that we file or submit under the Exchange Act within the time periods required.





**Changes
      in Internal Control over Financial Reporting**





There
      were no changes in our internal control over financial reporting (as defined
      in
      Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as
      amended) during the quarter ended September 30, 2008 that have materially
      affected, or are reasonably likely to materially affect our internal control
      over financial reporting.








**PART
      II - OTHER INFORMATION**





**ITEM
      1.**   **LEGAL
      PROCEEDINGS**





We
      know
      of no material, existing or pending legal proceedings against us, nor are we
      involved as a plaintiff in any material proceeding or pending litigation. There
      are no proceedings in which any of our directors, officers or affiliates, or
      any
      registered or beneficial stockholder, is an adverse party or has a material
      interest adverse to our company.





**ITEM
      1A.**  **RISK
      FACTORS**





Not
      applicable.




21


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





In
      July 2008, we issued 3,030 shares of common stock to Ralph Anderson in
      payment for services rendered on our audit committee. We relied upon the
      exemption from registration as set forth in Section 4(2) of the Securities
      Act for the issuance of these shares. The shareholder took the shares for
      investment purposes without a view to distribution and had access to information
      concerning Novint and our business prospects, as required by the Securities
      Act.
      In addition, there was no general solicitation or advertising for the issuance
      of the shares. The shareholder was permitted access to our management for the
      purpose of acquiring investment information. Due to the shareholder’s status on
      our audit committee and his dealings with companies similar to ours, we deem
      the
      shareholder sophisticated for the purposes of Section 4(2) of the
      Securities Act.





In
      August 2008, we issued 135,000 shares of common stock to an investor upon
      his exercise of warrants for cash in the amount of $67,500. The recipient of
      the
      common stock was an accredited investor within the meaning of Regulation D
      of the Securities Act. We relied upon the exemption from registration as set
      forth in Section 4(2) of the Securities Act for the issuance of these
      securities. The shareholder took the securities for investment purposes without
      a view to distribution and had access to information concerning Novint and
      our
      business prospects, as required by the Securities Act. In addition, there was
      no
      general solicitation or advertising for the issuance of the securities. The
      shareholder was permitted access to our management for the purpose of acquiring
      investment information. Due to the shareholder’s status as accredited investors
      and his dealings with development companies generally, we deem the shareholder
      sophisticated for the purposes of Section 4(2) of the Securities Act.





In
      September 2008, we issued 20,000 shares of common stock to a consultant for
      services rendered to the Company. We relied upon the exemption from registration
      as set forth in Section 4(2) of the Securities Act for the issuance of these
      securities. The shareholder took the securities for investment purposes without
      a view to distribution and had access to information concerning Novint and
      our
      business prospects, as required by the Securities Act. In addition, there was
      no
      general solicitation or advertising for the issuance of the securities. The
      shareholder was permitted access to our management for the purpose of acquiring
      investment information. Due to the shareholder’s dealings with development
      companies generally, we deem the shareholder sophisticated for the purposes
      of
      Section 4(2) of the Securities Act.





**ITEM
      3.**   **DEFAULTS
      UPON SENIOR SECURITIES**





None.





**ITEM
      4.**   **SUBMISSION
      OF MATTERS TO A VOTE OF SECURITY HOLDERS**





On
      July 28, 2008, the Company held its Annual Meeting of Stockholders. Of the
      31,969,266 shares eligible to vote, 17,290,799 shares, or 54.08%, appeared
      in
      person or by proxy and established a quorum for the meeting. The stockholders
      were voting on the election of directors Thomas G. Anderson, Marvin Maslow
      and
      V. Gerald Grafe, and ratification of the appointment of AJ Robbins, P.C. as
      the
      Company’s independent registered public accounting firm. The proposals listed in
      the table below were approved by the stockholders.


**VOTES
                FOR**
            
            **VOTES
                AGAINST**
            
            **VOTES
                WITHHELD**
            
            **NOT
                VOTED**Election
                of DirectorsThomas
                G. Anderson
            
            
            17,290,799
            
            
            —
            
            
            —
            
            
            —Marvin
                Maslow
            
            
            17,270,434
            
            
            20,365
            
            
            —
            
            
            —V.
                Gerald Grafe
            
            
            17,289,634
            
            
            1,165
            
            
            —
            
            
            —





**VOTES
                FOR**
            
            **VOTES
                AGAINST**
            
            **VOTES
                WITHHELD**
            
            **NOT
                VOTED**Ratification
                of appointment of AJ Robbins, P.C. as the Company’s independent registered
                public accounting firm
            
            
            17,279,091
            
            
            1,165
            
            
            10,543
            
            
            —





**ITEM
      5.**   **OTHER
      INFORMATION**




(a)
            None.




(b)
            There
                were no changes to the procedures by which security holders may recommend
                nominees to our board of directors.




22




**ITEM
      6.**   **EXHIBITS**


**EXHIBIT
      INDEX**





**Number**
            
            **Description**3.1
                (9)
            
            Amend
                and Restated Certificate of Incorporation3.2
                (6)
            
            Amended
                and Restated Bylaws3.3
                (1)
            
            Articles
                of Merger3.4
                (1)
            
            Certificate
                of Merger4.1
                (1)
            
            Articles
                of Incorporation (See Exhibit 3.1)4.2
                (3)
            
            Form
                of Common Stock Purchase Warrant, April 20064.3
                (7)
            
            Form
                of Common Stock Purchase Warrant, March 20074.4
                (13)
            
            Form
                of Note, April 20084.5
                (13)
            
            Form
                of Common Stock Purchase Warrant, April 20084.6
                (14)
            
            Form
                of Note, May 20084.7
                (14)
            
            Form
                of Common Stock Purchase Warrant, May 20084.8
                (15)
            
            Form
                of Note, June 20084.9
                (15)
            
            Form
                of Common Stock Purchase Warrant, June 200810.1
                (1)
            
            Employment
                Agreement with Tom Anderson10.2
                (1)
            
            Employment
                Agreement with Walter Aviles10.3
                (10)
            
            Amended
                and Restated 2004 Stock Incentive
                Plan




10.4
                (2)
            
            Purchase
                Order with Lockheed Martin dated February 16, 200610.5
                (2)
            
            Amendment
                to Intellectual Property License Agreement with Force Dimension LLC
                dated
                March 9, 200610.6
                (2)
            
            Purchase
                Order with Lockheed Martin dated March 3, 200610.7
                (3)
            
            Form
                of Subscription Agreement for Securities, April 2006.10.8
                (4)
            
            Board
                of Directors Agreement between V. Gerald Grafe and Novint Technologies,
                Inc.




23




10.9
                (5)
            
            Manufacturing
                Agreement dated December 19, 2006 by and between Novint Technologies,
                Inc.
                and VTech Communications Ltd.10.10
                (5)
            
            Novint
                Purchase Order 1056. (Portions of this exhibit have been omitted
                pursuant
                to a request for confidential treatment.)10.11
                (7)
            
            Form
                of Unit Subscription Agreement, March 200710.12
                (7)
            
            Form
                of Investor Rights Agreement, March 200710.13
                (8)
            
            Amendment
                No. 1 to Unit Subscription Agreement dated March 2,
                200710.14
                (8)
            
            Amendment
                No. 2 to Unit Subscription Agreement dated March 30,
                200710.15
                (8)
            
            Amendment
                No. 1 to Investor Rights Agreement dated March 30, 200710.16
                (10)
            
            Purchase
                Order with The Falk Group, LLC dated January 16, 200710.17
                (11)
            
            Tournabout
                Intellectual Property Acquisition Agreement dated July 17,
                200710.18
                (12)
            
            Lease
                Agreement dated May 29, 200710.19
                (12)
            
            Lease
                Agreement dated June 21, 200710.20
                (13)
            
            Form
                of Subscription Agreement, April 200810.21
                (14)
            
            Form
                of Subscription Agreement, May 200810.22
                (15)
            
            Form
                of Subscription Agreement, June
                2008




14
                (2)
            
            Code
                of Ethics31
            
            Certification
                Pursuant To Section 302 Of The Sarbanes-Oxley Act Of 2002 — Chief
                Executive Officer and Chief Financial Officer32
            
            Certification
                Pursuant To 18 U.S.C. Section 1350, As Adopted Pursuant To Section
                906 Of
                The Sarbanes-Oxley Act Of 2002 — Chief Executive Officer and Chief
                Financial Officer







(1)
            
            Filed
                with the Issuer’s Registration Statement on Form SB-2 on May 17, 2004, and
                as subsequently amended, and incorporated herein by
                reference.(2)
            
            Filed
                with the Issuer’s Annual Report on Form 10-KSB, filed with the Commission
                on April 17, 2006, and incorporated herein by
                reference.(3)
            
            Filed
                with the Issuer’s Periodic Report on Form 10-QSB, filed with the
                Commission on May 22, 2006, and incorporated herein by
                reference.(4)
            
            Filed
                with the Issuer’s Current Report on Form 8-K, filed with the Commission on
                September 22, 2006, and incorporated herein by
                reference.




24






(5)
            
            Filed
                with the Issuer’s Current Report on Form 8-K, filed with the Commission on
                December 20, 2006, and incorporated herein by
                reference.(6)
            
            Filed
                with the Issuer’s Current Report on Form 8-K, filed with the Commission on
                March 1, 2007.(7)
            
            Filed
                with the Issuer’s Current Report on Form 8-K, filed with the Commission on
                March 9, 2007.(8)
            
            Filed
                with the Issuer’s Periodic Report on Form 10-QSB, filed with the
                Commission on May 15, 2007.(9)
            
            Filed
                with the Issuer’s Current Report on Form 8-K, filed with the Commission on
                June 21, 2007.(10)
            
            Filed
                with the Issuer’s Registration Statement on Form SB-2 on May 24,
                2007.(11)
            
            Filed
                with the Issuer’s Current Report on Form 8-K, filed with the Commission on
                July 23, 2007.(12)
            
            Filed
                with the Issuer’s Registration Statement on Form SB-2 on July 27,
                2007.(13)
            
            Filed
                with the Issuer’s Current Report on Form 8-K, filed with the Commission on
                April 15, 2008.(14)
            
            Filed
                with the Issuer’s Current Report on Form 8-K, filed with the Commission on
                May 12, 2008.(15)
            
            Filed
                with the Issuer’s Current Report on Form 8-K, filed with the Commission on
                June 13, 2008.




All
      other
      exhibits are filed herewith.




25


**SIGNATURES**





Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized.






**NOVINT
                TECHNOLOGIES, INC.**(Registrant)Date:
                November 19, 2008
            By:
            /s/
                Tom AndersonTom
                AndersonChief
                Executive Officer









26