|                                                                                                              |         |                                                                  |
|-------------------------------------------------------------------------------------------------------------------|--------------|-----------------------------------------------------------------------|
| New                  York                                                                                         |         | 13-2538207                                                            |
| (State                  or other jurisdiction of incorporation                  or                  organization) |         | (I.R.S                  Employer Identification                  No.) |
|                                                                                                              |         |                                                                  |
| 420                  Lexington Ave. Ste 212, New York                                                             |         | 10170                                                                 |
| (Address                  of principle executive office)                                                          |         | (Zip                  Code)                                           |
|                                                                                                              |         |                                                                  |
| Issuer’s                  telephone number                                                                  | 212-687-1050 |                                                                  |   |
|                                                                                                              |         |                                                                  |   |

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| Class                                           |   | Outstanding                    January 10, 2008 |
|-------------------------------------------------|--------|-------------------------------------------------|
| Common                    Stock $.001 par value |   | 31,943,450                                      |

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|                                                          |   | November                    30, 2007 |        |   | May                    31, 2007 |   |
|---------------------------------------------------------------|--------|--------------------------------------|-------------|--------|---------------------------------|--------|
|                                                          |   | (UNAUDITED)                          |        |   | (AUDITED)                       |   |
|                                                          |   |                                 |        |   |                            |   |
| Current                    Assets:                            |   |                                 |        |   |                            |   |
| Cash                    and cash equivalents                  |   | $                                    | 85,960      |   |                            | $      | 413,569 |   |
| Accounts                    Receivable                        |   |                                 | 275,458     |   |                            |   | 86,374 |   |
| Inventory                                                     |   |                                 | 205,858     |   |                            |   | 224,166 |   |
| Total                    Current Assets                       |   |                                 | 567,276     |   |                            |   | 724,109 |   |
|                                                          |   |                                 |        |   |                            |   |   |   |
|                                                          |   |                                 |        |   |                            |   |   |   |
| Total                    Assets                               |   | $                                    | 567,276     |   |                            | $      | 724,109 |   |
|                                                          |   |                                 |        |   |                            |   |   |   |
|                                                          |   |                                 |        |   |                            |   |   |   |
| LIABILITIES                    AND STOCKHOLDERS' EQUITY       |   |                                 |        |   |                            |   |   |   |
| Currents                    Liabilities:                      |   |                                 |        |   |                            |   |   |   |
| Accounts                    payable and accrued expenses      |   | $                                    | 40,093      |   |                            | $      | 46,184 |   |
|                                                          |   |                                 |        |   |                            |   |   |   |
| Deferred                    license fees                      |   |                                 | 315,616     |   |                            |   | 420,821 |   |
| Total                    liabilities                          |   |                                 | 355,709     |   |                            |   | 467,005 |   |
|                                                          |   |                                 |        |   |                            |   |   |   |
| Commitments                    and Contingencies              |   |                                 |        |   |                            |   |   |   |
|                                                          |   |                                 |        |   |                            |   |   |   |
| Stockholders'                    Equity:                      |   |                                 |        |   |                            |   |   |   |
| Convertible                    Preferred Stock                |   |                                 | 1,840       |   |                            |   | 1,840 |   |
| Common                    Stock                               |   |                                 | 30,943      |   |                            |   | 30,943 |   |
| Additional                    Paid-In Capital                 |   |                                 | 16,617,615  |   |                            |   | 16,617,615 |   |
| Accumulated                    Deficit                        |   |                                 | (16,438,831 | )      |                            |   | (16,393,294 | ) |
| Stockholders'                    Equity                       |   |                                 | 211,567     |   |                            |   | 257,104 |   |
| Total                    Liabilities and Stockholders' Equity |   | $                                    | 567,276     |   |                            | $      | 724,109 |   |
|                                                          |   |                                 |        |   |                            |   |   |   |
|                                                          |   |                                 |        |   |                            |   |   |   |

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|                                                                                              |   | (UNAUDITED)For                    The Three MonthsEnded November                    30, |       |   | (UNAUDITED)For                    The Six MonthsEnded November                    30, |   |
|---------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|------------|--------|--------------------------------------------------------------------------------------------|--------|
|                                                                                              |   | 2007                                                                                         |       |   | 2006                                                                                       |   |   | 2007 |   |   | 2006 |   |
|                                                                                              |   |                                                                                         |       |   |                                                                                       |   |   |   |   |   |   |   |
| Total                    Revenues                                                                 |   | $                                                                                            | 188,093    |   |                                                                                       | $      | 123,558 |   |   | $ | 410,326 |   |   | $ | 242,468 |   |
|                                                                                              |   |                                                                                         |       |   |                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Costs                    and                    Expenses:                                         |   |                                                                                         |       |   |                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Cost                    of  Sales                                                       |   |                                                                                         | 27,749     |   |                                                                                       |   | 19,214 |   |   |   | 56,656 |   |   |   | 77,994 |   |
| Salaries                                                                                          |   |                                                                                         | 60,197     |   |                                                                                       |   | 62,147 |   |   |   | 122,462 |   |   |   | 123,878 |   |
| Professional                    Fees and Consulting                                               |   |                                                                                         | 40,758     |   |                                                                                       |   | 47,792 |   |   |   | 87,701 |   |   |   | 108,953 |   |
| Rent                    and Office Expense                                                        |   |                                                                                         | 36,145     |   |                                                                                       |   | 28,380 |   |   |   | 68,609 |   |   |   | 60,796 |   |
| Travel                    and Meetings                                                            |   |                                                                                         | 38,084     |   |                                                                                       |   | 18,453 |   |   |   | 66,298 |   |   |   | 49,270 |   |
| Payroll                    and other taxes                                                        |   |                                                                                         | 5,249      |   |                                                                                       |   | 3,278 |   |   |   | 10,721 |   |   |   | 9,841 |   |
| Insurance                                                                                         |   |                                                                                         | 29,733     |   |                                                                                       |   | 41,483 |   |   |   | 38,172 |   |   |   | 46,154 |   |
| Other                    Administrative Expenses                                                  |   |                                                                                         | 2,256      |   |                                                                                       |   | 4,352 |   |   |   | 5,244 |   |   |   | 11,054 |   |
| Total                    Costs and                    Expense                                     |   |                                                                                         | 240,171    |   |                                                                                       |   | 225,099 |   |   |   | 455,863 |   |   |   | 487,940 |   |
|                                                                                              |   |                                                                                         |       |   |                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Loss                                                                       |   | $                                                                                            | (52,078    | )      |                                                                                       | $      | (101,541 | ) |   | $ | (45,537 | ) |   | $ | (245,472 | ) |
|                                                                                              |   |                                                                                         |       |   |                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Loss Per Share –Basic                    and Diluted                 |   | $                                                                                            | (0.00      | )      |                                                                                       | $      | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.01 | ) |
|                                                                                              |   |                                                                                         |       |   |                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                    Average Number ofCommon                    Shares Outstanding – |   |                                                                                         |       |   |                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Basic                    and Diluted                                                              |   |                                                                                         | 31,943,450 |   |                                                                                       |   | 31,057,418 |   |   |   | 31,943,450 |   |   |   | 31,057,418 |   |
|                                                                                              |   |                                                                                         |       |   |                                                                                       |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                    |   | (UNAUDITED)For                    the Six Months Ended November 30, |     |
|-----------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|----------|
|                                                                                    |   |                                                                |     |   |   |   |
|                                                                                    |   | 2007                                                                |     |   | 2006 |   |
|                                                                                    |   |                                                                |     |   |   |   |
| Cash                    Flows Used in Operations                                        |   |                                                                |     |   |   |   |
| Net                    Loss                                                             |   | $                                                                   | (45,537  | ) |   | $ | (245,472 | ) |
| Adjustments                    to reconcile net loss                                    |   |                                                                |     |   |   |   |   |   |
| to                    net cash used in operating activities:                            |   |                                                                |     |   |   |   |   |   |
| Changes                    in operating assets and liabilities                          |   |                                                                |     |   |   |   |   |   |
| Decrease                    (Increase) in accounts receivable                           |   |                                                                | (189,084 | ) |   |   | 25,605 |   |
| Decrease                    (Increase) in inventory                                     |   |                                                                | 18,308   |   |   |   | (19,894 | ) |
| Decrease                    in accounts payable and accrued                    expenses |   |                                                                | (6,091   | ) |   |   | (38,042 | ) |
| Decrease                    in deferred license fees                                    |   |                                                                | (105,205 | ) |   |   | (75,500 | ) |
|                                                                                    |   |                                                                |     |   |   |   |   |   |
| Net                    Cash Flow Used In                    Operations                  |   |                                                                | (327,609 | ) |   |   | (353,303 | ) |
|                                                                                    |   |                                                                |     |   |   |   |   |   |
| Decrease                    in cash                                                     |   |                                                                | (327,609 | ) |   |   | (353,303 | ) |
|                                                                                    |   |                                                                |     |   |   |   |   |   |
| Cash                    - Beginning of Period                                           |   |                                                                | 413,569  |   |   |   | 1,094,677 |   |
|                                                                                    |   |                                                                |     |   |   |   |   |   |
| Cash                    – End of Period                                           |   | $                                                                   | 85,960   |   |   | $ | 741,374 |   |

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|                                        | LESCARDEN                    INC.(Registrant) |                                                                         |
|---------------------------------------------|-----------------------------------------------|------------------------------------------------------------------------------|
|                                        |                                          |                                                                         |   |
| Date:                      January 10, 2008 | By:                                           | /S/                      William E. Luther                                   |   |
|                                        |                                          | William                    E. Luther                                         |   |
|                                        |                                          | President                    andChief                      Executive Officer |   |
|                                        |                                          |                                                                         |   |