----

**FORM      10-Q**

**For      the quarterly period ended June 30, 2008**

**333-148883**

**SPECTRUMDNA,      INC.**

| **Delaware**                                    | **Pending**                        |
|-------------------------------------------------|------------------------------------|
| (State                or other jurisdiction     | (I.R.S.                Employer    |
| of                incorporation or              | Identification                No.) |
| organization)                                   |                               |
|                                            |                               |
| **1700                Park Avenue, Suite 2020** |                               |
| **P.O.                Box 682798**              |                               |
| **Park                City, Utah**              | **84068**                          |
| (Address                of principal            | (Zip                Code)          |
| executive                offices)               |                               |

**435)      658-1349**

**Not      applicable**

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

----

----

**SPECTRUMDNA,      INC.**

**TABLE      OF CONTENTS**

|                                              |                                                                                                                       | **Page** |
|---------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------|----------|
| **PART                I - FINANCIAL INFORMATION** |                                                                                                                       |
|                                              |                                                                                                                       |     |
| Item                1.                            | Financial                Statements.                                                                                       |  3  |
| Item                2.                            | Management’s                Discussion and Analysis of                Financial Condition and Results of Operations. | 12       |
| Item                3.                            | Quantitative                and Qualitative Disclosures About Market Risk.                                                 | 16       |
| Item                4T.                           | Controls                and Procedures.                                                                                    | 16       |
|                                              |                                                                                                                       |     |
| **PART                II - OTHER INFORMATION**    |                                                                                                                       |
|                                              |                                                                                                                       |     |
| Item                1.                            | Legal                Proceedings.                                                                                          | 17       |
| Item                2.                            | Unregistered                Sales of Equity Securities and Use of Proceeds.                                                | 17       |
| Item                3.                            | Default                upon Senior Securities.                                                                             | 17       |
| Item                4.                            | Submission                of Matters to a Vote of Security Holders.                                                        | 17       |
| Item                5.                            | Other                Information.                                                                                          | 17       |
| Item                6.                            | Exhibits.                                                                                                                  | 17       |
|                                              |                                                                                                                       |     |
| SIGNATURES                                        | 18                                                                                                                         |

----

**PART      I - FINANCIAL INFORMATION**

**Financial      Statements**

**SPECTRUMDNA,      INC.**

**Index      to Consolidated Financial Statements**

**Period      Ended June 30, 2008**

|                                                                 | **Page** |
|----------------------------------------------------------------------|----------|
|                                                                 |     |
| Consolidated                Balance Sheets                           | 4        |
|                                                                 |     |
| Consolidated                Statements of Operations                 | 5        |
|                                                                 |     |
| Consolidated                Statements of Stockholders’ Equity | 6        |
|                                                                 |     |
| Consolidated                Statements of Cash Flows                 | 7        |
|                                                                 |     |
| Notes                to Financial Statements                         | 9        |

----

**SpectrumDNA,        Inc.**

|                                                                                                                                                               |   | June                  30, 2008 |       | December                  31, 2007 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|------------|------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | (unaudited)                    |       |                               |   |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                           |       |                               |   |   |   |
| CURRENT                  ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                           |       |                               |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| Cash                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | $                              | 1,190,466  |                               | $      | 1,833,552 |   |
| Accounts                  receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           | 16,000     |                               |   | - |   |
| Prepaid                  expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                           | 10,468     |                               |   | 49,154 |   |
| Employee                  advances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                           | -          |                               |   | 1,790 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| Total                  Current Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                           | 1,216,934  |                               |   | 1,884,496 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| PROPERTY                  AND EQUIPMENT, NET                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                           | 15,868     |                               |   | 7,527 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| OTHER                  ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                           |       |                               |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| Security                  deposit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                           | 5,000      |                               |   | 5,000 |   |
| Patents                  and trademarks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                           | 100        |                               |   | 4,425 |   |
| Domain                  names                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                           | 4,383      |                               |   | 1,888 |   |
| Product                  development, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                           | 110,633    |                               |   | 147,407 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| Total                  Other Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                           | 120,116    |                               |   | 158,720 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| TOTAL                  ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $                              | 1,352,918  |                               | $      | 2,050,743 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                           |       |                               |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| CURRENT                  LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| Accounts                  payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | $                              | 48,997     |                               | $      | 66,981 |   |
| Accrued                  expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                           | 1,031      |                               |   | 1,031 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| Total                  Current Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                           | 50,028     |                               |   | 68,012 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| Total                  Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                           | 50,028     |                               |   | 68,012 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| COMMITMENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                           | -          |                               |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| STOCKHOLDERS'                  EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                           |       |                               |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| Preferred                  stock, $0.001 par value, 10,000,000 shares authorized, -0- shares                  issued                  and outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                           | -          |                               |   | - |   |
| Common                  stock, $0.001 par value, 100,000,000 shares authorized, authorized,                  48,662,752 and 48,626,667 shares issued and outstanding,                  respectively                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                           | 48,663     |                               |   | 48,627 |   |
| Additional                  paid-in capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                           | 4,642,675  |                               |   | 4,068,731 |   |
| Deficit                  accumulated during the development stage                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                           | (3,388,448 | )                                  |   | (2,134,627 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| Total                  Stockholders' Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                           | 1,302,890  |                               |   | 1,982,731 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                           |       |                               |   |   |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $                              | 1,352,918  |                               | $      | 2,050,743 |   |

----

**SpectrumDNA,        Inc.**

|                                                                                            |   | For the Three Months Ended June 30, 2008 |       | For the Three Months Ended June 30, 2007 |   | For the Six Months Ended June 30, 2008 |   | For the Six Months Ended June 30, 2007 |       | Accumulated From Inception on May 15, 2006 through June 30, 2008 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|------------|-----------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |
| REVENUES,                  net                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                                                                           | 13,826     |                                                                        | $      | 27,647                                                                    |   | $                                                                         | 21,326     |                                                                                                               | $      | 30,798 |   | $ | 75,278 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                           |   |                                                                      |       |                                                                                                               |   |  |   |   |   |   |
| COST                  OF SALES, net                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                                                        | 27,755     |                                                                        |   | 16,770                                                                    |   |                                                                      | 49,444     |                                                                                                               |   | 21,822 |   |   | 93,393 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| GROSS                  PROFIT (LOSS)                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        | (13,929    | )                                                                           |   | 10,877                                                                    |   |                                                                      | (28,118    | )                                                                                                                  |   | 8,976 |   |   | (18,115 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| OPERATING                  EXPENSES                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| General                  and administrative                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                        | 49,819     |                                                                        |   | 84,483                                                                    |   |                                                                      | 176,781    |                                                                                                               |   | 123,562 |   |   | 669,027 |   |
| Salaries                  and wages                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                                                        | 520,745    |                                                                        |   | 279,383                                                                   |   |                                                                      | 928,362    |                                                                                                               |   | 540,785 |   |   | 2,465,862 |   |
| Product                  development expenses                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                                        | 76,147     |                                                                        |   | 70,795                                                                    |   |                                                                      | 141,707    |                                                                                                               |   | 75,502 |   |   | 325,024 |   |
| Bad                  debt expense                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                                                        | -          |                                                                        |   | -                                                                         |   |                                                                      | 90         |                                                                                                               |   | - |   |   | 5,225 |   |
| Depreciation                  and amortization                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                        | 3,845      |                                                                        |   | 544                                                                       |   |                                                                      | 5,336      |                                                                                                               |   | 1,088 |   |   | 9,486 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| Total                  Operating Expenses                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                        | 650,556    |                                                                        |   | 435,205                                                                   |   |                                                                      | 1,252,276  |                                                                                                               |   | 740,937 |   |   | 3,474,624 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| OPERATING                  LOSS                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                                                                        | (664,485   | )                                                                           |   | (424,328                                                                  | )      |                                                                      | (1,280,394 | )                                                                                                                  |   | (731,961 | ) |   | (3,492,739 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| OTHER                  INCOME (EXPENSES)                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| Interest                  income                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                        | 8,713      |                                                                        |   | 16,424                                                                    |   |                                                                      | 26,573     |                                                                                                               |   | 25,731 |   |   | 91,523 |   |
| Other                  income                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                                        | -          |                                                                        |   | -                                                                         |   |                                                                      | -          |                                                                                                               |   | 12,767 |   |   | 12,768 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| Total                  Other Income (Expenses)                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                        | 8,713      |                                                                        |   | 16,424                                                                    |   |                                                                      | 26,573     |                                                                                                               |   | 38,498 |   |   | 104,291 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| NET                  LOSS BEFORE INCOME TAXES                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                                        | (655,772   | )                                                                           |        | (407,904                                                                  | )      |                                                                      | (1,253,821 | )                                                                                                                  |        | (693,463 | ) |   | (3,388,448 | ) |
| INCOME                  TAX EXPENSE                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                                                        | -          |                                                                        |   | -                                                                         |   |                                                                      | -          |                                                                                                               |   | - |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| NET                  LOSS                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $                                                                           | (655,772   | )                                                                           | $      | (407,904                                                                  | )      | $                                                                         | (1,253,821 | )                                                                                                                  | $      | (693,463 | ) | $ | (3,388,448 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                           |   |                                                                      |       |                                                                                                               |   |  |   |   |  |   |
| BASIC                  LOSS PER SHARE                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $                                                                           | (0.01      | )                                                                           | $      | (0.01                                                                     | )      | $                                                                         | (0.03      | )                                                                                                                  | $      | (0.02 | ) |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                        |       |                                                                        |   |                                                                      |   |                                                                      |       |                                                                                                               |   |   |   |   |   |   |
| WEIGHTED                  AVERAGE NUMBER OF SHARES OUTSTANDING                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                        | 48,647,267 |                                                                        |   | 46,587,356                                                                |   |                                                                      | 48,638,947 |                                                                                                               |   | 45,622,441 |   |   |   |   |

----

**SpectrumDNA,        Inc.**

|                                                                                                                                |   |                             |   |                          |   | Additional |   |        |       |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|--------|-------------------------------|--------|------------|--------|-------------|------------|
|                                                                                                                                |   | Preferred                  Stock |   | Common                  Stock |   | Paid-In    |   | Accumulated |       |
|                                                                                                                                |   | Shares                           |   | Amount                        |   | Shares     |   | Amount      |       | Capital |   | Deficit |   |
|                                                                                                                                |   |                             |   |                          |   |       |   |        |       |   |   |   |   |
| Balance,                  May 15, 2006 (inception)                                                                                  |   |                             | -      |                          | $      | -          |   |        | -          |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                                                |   |                             |   |                          |   |       |   |        |       |   |   |   |   |   |   |   |   |   |   |
| Issuance                  of founder shares at inception                                                                            |   |                             | -      |                          |   | -          |   |        | 37,200,000 |   |   | 37,200 |   |   | (37,200 | ) |   | - |   |
| Common                  shares issued for cash at $0.037 per share                                                                  |   |                             | -      |                          |   | -          |   |        | 5,400,000  |   |   | 5,400 |   |   | 194,600 |   |   | - |   |
| Common                  shares issued for cash at $0.50 per share                                                                   |   |                             | -      |                          |   | -          |   |        | 2,025,000  |   |   | 2,025 |   |   | 1,010,475 |   |   | - |   |
| Compensation                  expense associated with stock options and warrants                                                    |   |                             | -      |                          |   | -          |   |        | -          |   |   | - |   |   | 103,938 |   |   | - |   |
| Net                  loss for the period from inception on May 15, 2006 through December                  31,                  2006 |   |                             | -      |                          |   | -          |   |        | -          |   |   | - |   |   | - |   |   | (301,652 | ) |
|                                                                                                                                |   |                             |   |                          |   |            |   |        |       |   |   |   |   |   |   |   |   |   |   |
| Balance,                  December 31, 2006                                                                                         |   |                             | -      |                          |   | -          |   |        | 44,625,000 |   |   | 44,625 |   |   | 1,271,813 |   |   | (301,652 | ) |
|                                                                                                                                |   |                             |   |                          |   |       |   |        |       |   |   |   |   |   |   |   |   |   |   |
| Common                  shares issued for cash at $0.50 per share                                                                   |   |                             | -      |                          |   | -          |   |        | 3,975,000  |   |   | 3,975 |   |   | 1,983,525 |   |   | - |   |
| Common                  shares issued for services at $0.50 per share                                                               |   |                             | -      |                          |   | -          |   |        | 26,667     |   |   | 27 |   |   | 13,309 |   |   | - |   |
| Compensation                  expense associated with stock options and warrants                                                    |   |                             | -      |                          |   | -          |   |        | -          |   |   | - |   |   | 800,084 |   |   | - |   |
| Net                  loss for the year ended December 31, 2007                                                                      |   |                             | -      |                          |   | -          |   |        | -          |   |   | - |   |   | - |   |   | (1,832,975 | ) |
|                                                                                                                                |   |                             |   |                          |   |       |   |        |       |   |   |   |   |   |   |   |   |   |   |
| Balance,                  December 31, 2007                                                                                         |   |                             | -      |                          |   | -          |   |        | 48,626,667 |   |   | 48,627 |   |   | 4,068,731 |   |   | (2,134,627 | ) |
|                                                                                                                                |   |                             |   |                          |   |       |   |        |       |   |   |   |   |   |   |   |   |   |   |
| Common                  shares issued for services at $0.55 per share                                                               |   |                             | -      |                          |   | -          |   |        | 36,085     |   |   | 36 |   |   | 19,806 |   |   | - |   |
| Compensation                  expense associated with stock options and warrants                                                    |   |                             | -      |                          |   | -          |   |        | -          |   |   | - |   |   | 554,138 |   |   | - |   |
| Net                  loss for the six months ended June 30, 2008                                                                    |   |                             | -      |                          |   | -          |   |        | -          |   |   | - |   |   | - |   |   | (1,253,821 | ) |
|                                                                                                                                |   |                             |   |                          |   |       |   |        |       |   |   |   |   |   |   |   |   |   |   |
| Balance,                  June 30, 2008 (unaudited)                                                                                 |   |                             | -      |                          | $      | -          |   |        | 48,662,752 |   | $ | 48,663 |   | $ | 4,642,675 |   | $ | (3,388,448 | ) |

----

**SpectrumDNA,        Inc.**

|                                                             |   | For the Six                  Months Ended                  June 30, 2008 |       | For the Six                  Months Ended                  June 30,                  2007 |   | Accumulated                  From Inception                  on May                  15, 2006 through                  June 30,                  2008 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------|------------|---------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES                                                                                                                                                                                                                                                                                                              |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| Net                  loss                                                                                                                                                                                                                                                                                                                                          |   | $                                                                                                 | (1,253,821 | )                                                                                                             | $      | (693,463                                                                                                                                                                  | )      | $ | (3,388,448 | ) |
| Adjustments                  to reconcile net loss to net used by operating activities:                                                                                                                                                                                                                                                                            |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| Depreciation                  and amortization                                                                                                                                                                                                                                                                                                                     |   |                                                                                              | 49,780     |                                                                                                          |   | 17,615                                                                                                                                                                    |   |   | 92,735 |   |
| Stock                  options and warrants granted for services rendered                                                                                                                                                                                                                                                                                          |   |                                                                                              | 554,138    |                                                                                                          |   | 284,398                                                                                                                                                                   |   |   | 1,458,160 |   |
| Common                  stock issued for services rendered                                                                                                                                                                                                                                                                                                         |   |                                                                                              | 19,842     |                                                                                                          |   | -                                                                                                                                                                         |   |   | 33,178 |   |
| Changes                  in operating assets and liabilities                                                                                                                                                                                                                                                                                                       |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| (Increase)                  decrease in accounts receivable                                                                                                                                                                                                                                                                                                        |   |                                                                                              | (16,000    | )                                                                                                             |   | (24,624                                                                                                                                                                   | )      |   | (16,000 | ) |
| (Increase)                  decrease in employee advances                                                                                                                                                                                                                                                                                                          |   |                                                                                              | 1,790      |                                                                                                          |   | (2,126                                                                                                                                                                    | )      |   | - |   |
| (Increase)                  decrease in prepaid expenses                                                                                                                                                                                                                                                                                                           |   |                                                                                              | 38,686     |                                                                                                          |   | 850                                                                                                                                                                       |   |   | (10,468 | ) |
| (Increase)                  decrease in security deposits                                                                                                                                                                                                                                                                                                          |   |                                                                                              | -          |                                                                                                          |   | -                                                                                                                                                                         |   |   | (5,000 | ) |
| Increase                  (decrease) in accounts payable and accrued expenses                                                                                                                                                                                                                                                                                      |   |                                                                                              | (17,984    | )                                                                                                             |   | 63,168                                                                                                                                                                    |   |   | 50,028 |   |
| Increase                  (decrease) in related party payable                                                                                                                                                                                                                                                                                                      |   |                                                                                              | -          |                                                                                                          |   | (10,186                                                                                                                                                                   | )      |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| Net                  Cash Used by Operating Activities                                                                                                                                                                                                                                                                                                             |   |                                                                                              | (623,569   | )                                                                                                             |   | (364,368                                                                                                                                                                  | )      |   | (1,785,815 | ) |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES                                                                                                                                                                                                                                                                                                              |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| Cash                  paid for fixed assets                                                                                                                                                                                                                                                                                                                        |   |                                                                                              | (11,492    | )                                                                                                             |   | (3,015                                                                                                                                                                    | )      |   | (23,169 | ) |
| Cash                  paid for product development                                                                                                                                                                                                                                                                                                                 |   |                                                                                              | (4,930     | )                                                                                                             |   | (61,673                                                                                                                                                                   | )      |   | (191,142 | ) |
| Cash                  paid for intangible assets                                                                                                                                                                                                                                                                                                                   |   |                                                                                              | (3,095     | )                                                                                                             |   | (750                                                                                                                                                                      | )      |   | (9,408 | ) |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| Net                  Cash Used by Investing Activities                                                                                                                                                                                                                                                                                                             |   |                                                                                              | (19,517    | )                                                                                                             |   | (65,438                                                                                                                                                                   | )      |   | (223,719 | ) |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| CASH                  FLOWS FROM FINIANCING ACTIVITIES                                                                                                                                                                                                                                                                                                             |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| Cash                  received from issuance of common stock                                                                                                                                                                                                                                                                                                       |   |                                                                                              | -          |                                                                                                          |   | 1,987,500                                                                                                                                                                 |   |   | 3,100,000 |   |
| Cash                  received on exercise of warrants                                                                                                                                                                                                                                                                                                             |   |                                                                                              | -          |                                                                                                          |   | -                                                                                                                                                                         |   |   | 100,000 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| Net                  Cash Provided by Financing Activities                                                                                                                                                                                                                                                                                                         |   |                                                                                              | -          |                                                                                                          |   | 1,987,500                                                                                                                                                                 |   |   | 3,200,000 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| NET                  DECREASE IN CASH                                                                                                                                                                                                                                                                                                                              |   |                                                                                              | (643,086   | )                                                                                                             |   | 1,557,694                                                                                                                                                                 |   |   | 1,190,466 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| CASH                  AT BEGINNING OF PERIOD                                                                                                                                                                                                                                                                                                                       |   |                                                                                              | 1,833,552  |                                                                                                          |   | 1,026,809                                                                                                                                                                 |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                              |       |                                                                                                          |   |                                                                                                                                                                      |   |   |   |   |
| CASH                  AT END OF PERIOD                                                                                                                                                                                                                                                                                                                             |   | $                                                                                                 | 1,190,466  |                                                                                                          | $      | 2,584,503                                                                                                                                                                 |   | $ | 1,190,466 |   |

----

**SpectrumDNA,        Inc.**

|                                                                 |   | For the Six                    Months Ended                    June 30,                    2008 |   | For the Six                    Months Ended                    June 30,                    2007 |   | Accumulated                    From Inception                    on May                    15, 2006 through                    June 30,                    2008 |   |
|----------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                 |   |                                                                                                                |   |                                                                                                                |   |                                                                                                                                                                                |   |
| SUPPLIMENTAL                    DISCLOSURES OF CASH FLOW INFORMATION |   |                                                                                                                |   |                                                                                                                |   |                                                                                                                                                                                |   |   |   |   |
|                                                                 |   |                                                                                                                |   |                                                                                                                |   |                                                                                                                                                                                |   |   |   |   |
| CASH                    PAID FOR:                                    |   |                                                                                                                |   |                                                                                                                |   |                                                                                                                                                                                |   |   |   |   |
|                                                                 |   |                                                                                                                |   |                                                                                                                |   |                                                                                                                                                                                |   |   |   |   |
| Interest                                                             |   | $                                                                                                                   | -      |                                                                                                                | $      | -                                                                                                                                                                                   |   | $ | - |   |
| Income                    Taxes                                      |   | $                                                                                                                   | -      |                                                                                                                | $      | -                                                                                                                                                                                   |   | $ | - |   |
|                                                                 |   |                                                                                                                |   |                                                                                                                |   |                                                                                                                                                                                |   |   |   |   |
| NON-CASH                    TRANSACTIONS                             |   |                                                                                                                |   |                                                                                                                |   |                                                                                                                                                                                |   |   |   |   |
|                                                                 |   |                                                                                                                |   |                                                                                                                |   |                                                                                                                                                                                |   |   |   |   |
| Common                    stock issued for services                  |   | $                                                                                                                   | 19,842 |                                                                                                                | $      | -                                                                                                                                                                                   |   | $ | 33,178 |   |

----

**SPECTRUMDNA,            INC.**

|                                                                                                                 |   | June                    30, |       | June                    30, |   |
|----------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|------------|-----------------------------|--------|
|                                                                                                                 |   | 2008                        |       | 2007                        |   |
| Basic                    earnings per share:                                                                         |   |                        |       |                        |   |
| Loss                    (numerator)                                                                                  |   | $                           | (1,253,821 | )                           | $      | (693,463 | ) |
| Weighted                    average number of shares outstanding – basic                    (denominator) |   |                        | 48,638,947 |                        |   | 45,622,441 |   |
|                                                                                                                 |   |                        |       |                        |   |   |   |
| Per                    share amount                                                                                  |   | $                           | (0.03      | )                           | $      | (0.02 | ) |

----

**SPECTRUMDNA,          INC.**

| Dividend                    yields         |   |   | 0.0                         | %      |
|--------------------------------------------|--------|--------|-----------------------------|--------|
| Expected                    volatility     |   |   | 68.5                        | %      |
| Risk-free                    interest rate |   |   | 3.25-3.57                   | %      |
| Option                    terms            |   |   | 10                    years |   |

*Common          Stock Options*

|                                              |   |    |       | Weighted |   |
|---------------------------------------------------|--------|---------|------------|----------|--------|
|                                              |   | Number  |       | Average  |   |
|                                              |   | Of      |       | Exercise |   |
|                                              |   | Options |       | Price    |   |
|                                              |   |    |       |     |   |
| Outstanding,                    December 31, 2006 |   |    | 2,970,000  |     | $      | 0.04 |   |
| Granted                                           |   |    | 6,890,180  |     |   | 0.50 |   |
| Exercised                                         |   |    | -          |     |   | - |   |
| Cancelled                                         |   |    | (1,350,000 | )        |   | 0.04 |   |
| Outstanding,                    December 31, 2007 |   |    | 8,510,180  |     | $      | 0.41 |   |
| Exercisable,                    December 31, 2007 |   |    | 1,460,833  |     | $      | 0.34 |   |
| Granted                                           |   |    | 2,850,000  |     |   | 0.55 |   |
| Exercised                                         |   |    | -          |     |   | - |   |
| Cancelled                                         |   |    | (1,930,060 | )        |   | 0.50 |   |
| Outstanding,                    June 30, 2008     |   |    | 9,430,120  |     | $      | 0.42 |   |
| Exercisable,                    June 30, 2008     |   |    | 2,981,925  |     | $      | 0.34 |   |

----

**SPECTRUMDNA,          INC.**

| Options                      Outstanding |   | Options                      Exercisable |   |
|------------------------------------------|--------|------------------------------------------|--------|
|                                     |   |                                     |   |   |   |   |   |   |   |   |   |
|                                     |   |                                     |   |   |   | Weighted |   |   |   |   |   |
|                                     |   |                                     |   |   |   | Average |   |   |   |   |   |
| Range                                    |   |                                     |   | Weighted |   | Remaining |   |   |   | Weighted |   |
| of                                       |   |                                     |   | Average |   | Contractual |   |   |   | Average |   |
| Exercise                                 |   | Number                                   |   | Exercise |   | Life |   | Number of  |   | Exercise |   |
| Prices                                   |   | Outstanding                              |   | Price |   | (in years) |   | Options |   | Price |   |
|                                     |   |                                     |   |   |   |   |   |   |   |   |   |
| $                                        | 0.37   |                                     |   | 1,890,000 |   | $ | 0.037 |   |   | 8.34 |   |   | 1,042,500 |   | $ | 0.037 |   |
|                                     | 0.55   |                                     |   | 2,850,000 |   |   | 0.55 |   |   | 9.75 |   |   | 262,708 |   |   | 0.55 |   |
|                                     | 0.50   |                                     |   | 4,690,120 |   |   | 0.50 |   |   | 9.11 |   |   | 1,676,717 |   |   | 0.50 |   |
|                                     |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |   |                                     |   | 9,430,120 |   |   |   |   |   |   |   |   | 2,981,925 |   | $ | 0.34 |   |

----

**Management’s      Discussion and Analysis of Financial Condition and Results of      Operations**

**Projections      and Forward-Looking Statements **

**Overview**

----

**Product      Development **

**The      Addictionary**

**PlanetTagger**

**Other      Products**

**Sales      and Marketing **

----

**Employees**

**Results      of Operations**

**For      the Three Months Ended June 30, 2008 Compared to the Three Months Ended June      30,      2007**

**For      the Six Months Ended June 30, 2008 Compared to the Six Months Ended June 30,      2007**

----

**Liquidity      and Capital Resources**

----

**Item      3.**
**Quantitative      and Qualitative Disclosures About Market Risk**

**Item      4T.**
**Controls      and Procedures**

----

**PART      II - OTHER INFORMATION**

**Legal      Proceedings.**

**Unregistered      Sales of Equity Securities and Use of Proceeds.**

** **

**Defaults      Upon Senior Securities.**

**Submission      of Matters to a Vote of Security-Holders.**

**Other      Information.**

**Item      6.**
**Exhibits.**

| 10.1 | 2008                Equity Incentive Plan                                                                                                                                                         |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1 | Certification                of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                Act of 2002 (Rules 13a-14 and 15d-14 of the Exchange                Act)     |
| 31.2 | Certification                of Principal Financial Officer pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002 (Rules 13a-14 and 15d-14 of the Exchange                Act) |
| 32.1 | Certification                pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C.                1350)                                                                            |

----

**SIGNATURES**

|                                                 |   | **SPECTRUMDNA,                INC.**                 |
|------------------------------------------------------|--------|------------------------------------------------------|
|                                                 |   | (Registrant)                                         |
|                                                 |   |                                                 |
| Dated:August                14, 2008                 | By:    | /s/                James A. Banister                 |
|                                                 |   | James                A. Banister,                    |
|                                                 |   | President                and Chief Executive Officer |
|                                                 |   | (Principal                Executive Officer)         |
|                                                 |   |                                                 |
| Dated:                August                14, 2008 | By:    | /s/                Kelly A. McCrystal                |
|                                                 |   | Kelly                A. McCrystal,                   |
|                                                 |   | Chief                Operating Officer               |
|                                                 |   | (Principal                Financial Officer and      |
|                                                 |   | Principal                Accounting Officer)         |

----