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|  LESCARDEN INC.                                                    |
|-------------------------------------------------------------------------|
|  (Exact name of small business issuer as specified in its charter) |

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

|   |                            |
|--------|---------------------------------|
|   | 212-687-1050                    |   |
|   | Issuer’s telephone number |   |

| Large accelerated filer    ̈ | Accelerated filer    ̈ | Non-accelerated filer    ̈ | Smaller reporting company   þ |
|-------------------------------------------------|-------------------------------------------|-----------------------------------------------|---------------------------------------------------|

| Class                        |   | Outstanding April 9, 2010 |
|------------------------------|--------|---------------------------|
| Common Stock $.001 par value |   | 30,943,450                |

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| Item Number |   |                                                                                         |   | PageNumber |   |
|-------------|--------|----------------------------------------------------------------------------------------------|--------|------------|--------|
|        |   | PART I  FINANCIAL INFORMATION                                                           |   |       |   |
|        |   |                                                                                         |   |       |   |
| Item 1.     |   | Financial Statements.                                                                        |   |       | 2      |   |
| Item 2.     |   | Management’s Discussion and Analysis of Financial Condition and Results of Operations. |   |       | 6      |   |
| Item 4T.    |   | Controls and Procedures                                                                      |   |       | 7      |   |
|        |   | PART II OTHER INFORMATION                                                                    |   |       |   |   |
|        |   |                                                                                         |   |       |   |   |
| Item 6.     |   | Exhibits.                                                                                    |   |       | 8      |   |

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|                                                                                                                     |   | February 28,2010 |        |   | May 31,2009 |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|------------------|-------------|--------|-------------|--------|
|                                                                                                                     |   | (UNAUDITED)      |        |   | (AUDITED)   |   |
| ASSETS                                                                                                                   |   |             |        |   |        |   |
| Current assets:                                                                                                          |   |             |        |   |        |   |
| Cash and cash equivalents                                                                                                |   | $                | 9,079       |   |        | $      | 40,265 |   |
| Accounts receivable                                                                                                      |   |             | 225,082     |   |        |   | 23,150 |   |
| Inventory                                                                                                                |   |             | 100,023     |   |        |   | 163,278 |   |
| Total current assets                                                                                                     |   |             | 334,184     |   |        |   | 226,693 |   |
|                                                                                                                     |   |             |        |   |        |   |   |   |
| Deferred income tax asset, net of valuation allowance of $1,476,000 and $1,485,000 at February 28, 2010 and May 31, 2009 |   |             |        |   |        |   |   |   |
|                                                                                                                     |   |             |        |   |        |   |   |   |
| Total assets                                                                                                             |   | $                | 334,184     |   |        | $      | 226,693 |   |
|                                                                                                                     |   |             |        |   |        |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                     |   |             |        |   |        |   |   |   |
|                                                                                                                     |   |             |        |   |
| Currents liabilities:                                                                                                    |   |             |        |   |        |   |   |   |
| Accounts payable and accrued expenses                                                                                    |   | $                | 299,970     |   |        | $      | 219,963 |   |
| Shareholder loan                                                                                                         |   |             | 274,000     |   |        |   | 189,000 |   |
| Deferred revenue                                                                                                         |   |             | 5,240       |   |        |   | 7,640 |   |
| Deferred license fees                                                                                                    |   |             | 27,701      |   |        |   | 110,804 |   |
| Total liabilities                                                                                                        |   |             | 606,911     |   |        |   | 527,407 |   |
|                                                                                                                     |   |             |        |   |        |   |   |   |
|                                                                                                                     |   |             |        |   |        |   |   |   |
| Stockholders' deficit                                                                                                    |   |             |        |   |        |   |   |   |
| Convertible preferred stock  (92,000 shares issued and outstanding)                                                 |   |             | 1,840       |   |        |   | 1,840 |   |
| Common stock (30,943,450 shares issued and outstanding)                                                                  |   |             | 30,943      |   |        |   | 30,943 |   |
| Additional paid-in capital                                                                                               |   |             | 16,617,615  |   |        |   | 16,617,615 |   |
| Accumulated deficit                                                                                                      |   |             | (16,923,125 | )      |        |   | (16,951,112 | ) |
| Stockholders' deficit                                                                                                    |   |             | (272,727    | )      |        |   | (300,714 | ) |
| Total liabilities and stockholders' deficit                                                                              |   | $                | 334,184     |   |        | $      | 226,693 |   |

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|                                         |   | (UNAUDITED)For the three monthsEnded February 28, |       |   | (UNAUDITED)For the nine monthsEnded February 28, |   |
|----------------------------------------------|--------|---------------------------------------------------|------------|--------|--------------------------------------------------|--------|
| Revenues                                     |   | 2010                                              |       |   | 2009                                             |   |   | 2010 |   |   | 2009 |   |
| Product sales                                |   | $                                                 | 321,174    |   |                                             | $      | 98,450 |   |   | $ | 426,754 |   |   | $ | 240,342 |   |
| License fees                                 |   |                                              | 27,701     |   |                                             |   | 39,086 |   |   |   | 83,103 |   |   |   | 117,258 |   |
| Total revenues                               |   |                                              | 348,875    |   |                                             |   | 137,536 |   |   |   | 509,857 |   |   |   | 357,600 |   |
|                                         |   |                                              |       |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses:                          |   |                                              |       |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Cost of sales                                |   |                                              | 95,483     |   |                                             |   | 20,395 |   |   |   | 142,120 |   |   |   | 50,562 |   |
| Salaries                                     |   |                                              | 27,719     |   |                                             |   | 18,769 |   |   |   | 68,386 |   |   |   | 135,189 |   |
| Professional fees and consulting             |   |                                              | 30,559     |   |                                             |   | 17,237 |   |   |   | 116,242 |   |   |   | 117,154 |   |
| Rent and office expense                      |   |                                              | 38,932     |   |                                             |   | 22,936 |   |   |   | 104,190 |   |   |   | 81,632 |   |
| Travel and meetings                          |   |                                              | -          |   |                                             |   | 8,306 |   |   |   | - |   |   |   | 14,378 |   |
| Insurance                                    |   |                                              | 1,947      |   |                                             |   | 2,426 |   |   |   | 38,402 |   |   |   | 49,669 |   |
| Other administrative expenses                |   |                                              | 6,878      |   |                                             |   | 5,341 |   |   |   | 12,530 |   |   |   | 17,099 |   |
| Total costs and expenses                     |   |                                              | 201,518    |   |                                             |   | 95,410 |   |   |   | 481,870 |   |   |   | 465,683 |   |
|                                         |   |                                              |       |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                            |   | $                                                 | 147,357    |   |                                             | $      | 42,126 |   |   | $ | 27,987 |   |   | $ | (108,083 | ) |
|                                         |   |                                              |       |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Net loss per share – basic and diluted |   | $                                                 | 0.00       |   |                                             | $      | 0.00 |   |   | $ | 0.00 |   |   | $ | (0.00 | ) |
|                                         |   |                                              |       |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common            |   |                                              |       |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Shares outstanding – basic and diluted |   |                                              | 30,943,450 |   |                                             |   | 30,943,450 |   |   |   | 30,943,450 |   |   |   | 30,943,450 |   |

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|                                                                                 |   | (UNAUDITED)For the nine months Ended February 28, |           |
|--------------------------------------------------------------------------------------|--------|--------------------------------------------------------|----------------|
|                                                                                 |   | 2010                                                   |           |   | 2009 |   |
| Cash flow from operating activities:                                                 |   |                                                   |           |   |   |   |   |   |
| Net income (loss)                                                                    |   |  $                                                | 27,987    |   |   |  $ | (108,083  | ) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |   |                                                   |           |   |   |   |   |   |
| Changes in operating assets and liabilities                                          |   |                                                   |           |   |   |   |   |   |
| Decrease in accounts receivable                                                      |   |                                                   | (201,932       | ) |   |   | 62,051 |   |
| Decrease in inventory                                                                |   |                                                   | 63,255         |   |   |   | 22,181 |   |
| Increase in accounts payable and accrued expenses                                    |   |                                                   | 80,007         |   |   |   | 14,826 |   |
| Decrease in deferred revenue                                                         |   |                                                   | (2,400         | ) |   |   | (16,657 | ) |
| Decrease in deferred license fees                                                    |   |                                                   | (83,103        | ) |   |   | (117,257 | ) |
| Net cash used in operating activities                                                |   |                                                   | (116,186  | ) |   |   | (142,939  | ) |
|                                                                                 |   |                                                   |           |   |   |   |   |   |
| Cash flow from financing activities:                                                 |   |                                                   |           |   |   |   |   |   |
| Increase in shareholder loan                                                         |   |                                                   | 85,000         |   |   |   | 122,000 |   |
| Cash provided by financing activities                                                |   |                                                   | 85,000         |   |   |   | 122,000 |   |
| Decrease in cash                                                                     |   |                                                   | (31,186        | ) |   |   | (20,939 | ) |
|                                                                                 |   |                                                   |           |   |   |   |   |   |
| Cash - beginning of period                                                           |   |                                                   | 40,265         |   |   |   | 38,867 |   |
|                                                                                 |   |                                                   |           |   |   |   |   |   |
| Cash – end of period                                                           |   | $                                                      | 9,079          |   |   | $ | 17,928 |   |
|                                                                                 |   |                                                   |           |   |   |   |   |   |

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31

32

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|                | LESCARDEN INC. (Registrant) |                                        |
|---------------------|----------------------------------|---------------------------------------------|
|                |                             |                                        |   |
| Date: April 9, 2010 | By:                              |  /s/ William E. Luther                 |   |
|                |                             | William E. Luther                           |   |
|                |                             | Chief Executive and Chief Financial Officer |   |
|                |                             |                                        |   |

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