| DELAWARE                                 |         | 26-2691611          |
|------------------------------------------|--------------------------------------------|---------------------|
| (State or other jurisdiction of          |                                       | (I.R.S. Employer    |
| incorporation or organization)           |                                       | Identification No.) |
|                                     |                                       |                |
| 230 North Park Blvd Suite 104            |                                       |                |
| Grapevine, TX                            |                                       | 76051               |
| (Address of principal executive offices) |                                       | (Zip Code)          |

----

| PART I - FINANCIAL INFORMATION                                                                           |   | 2      |
|----------------------------------------------------------------------------------------------------------|--------|--------|
|                                                                                                     |   |   |
| ITEM 1  Financial Statements                                                                   |   | 3      |
|                                                                                                     |   |   |
| ITEM 2  Management's Discussion and Analysis of Financial Condition and Results of Operations. |   | 9      |
|                                                                                                     |   |   |
| ITEM 3  Quantitative and Qualitative Disclosures About Market Risk                             |   | 11     |
|                                                                                                     |   |   |
| ITEM 4T Controls and Procedures                                                                          |   | 11     |
|                                                                                                     |   |   |
| PART II - OTHER INFORMATION                                                                              |   | 12     |
|                                                                                                     |   |   |
| ITEM 1  Legal Proceedings                                                                      |   | 12     |
|                                                                                                     |   |   |
| ITEM 1A Risk Factors                                                                                     |   | 12     |
|                                                                                                     |   |   |
| ITEM 2  Unregistered Sales of Equity Securities and Use of Proceeds                            |   | 12     |
|                                                                                                     |   |   |
| ITEM 3  Defaults Upon Senior Securities                                                        |   | 12     |
|                                                                                                     |   |   |
| ITEM 4  Submission of Matters to a Vote of Security Holders                                    |   | 12     |
|                                                                                                     |   |   |
| ITEM 5  Other Information                                                                      |   | 12     |
|                                                                                                     |   |   |
| ITEM 6  Exhibits                                                                               |   | 13     |

----

|                                                                                                                                |   | June 30,    |     |   | December 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|----------|--------|--------------|--------|
|                                                                                                                                |   | 2011        |     |   | 2010         |   |
|                                                                                                                                |   | (Unaudited) |     |   | (Audited)    |   |
| ASSETS                                                                                                                              |   |        |     |   |         |   |
| CURRENT ASSETS                                                                                                                      |   |        |     |   |         |   |
| Cash and cash equivalents                                                                                                           |   | $           | 200,257  |   |         | $      | 255 |   |
| Prepaid Expenses                                                                                                                    |   |        |     |   |         |   | 3,000 |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| Total Current Assets                                                                                                                |   |        | 200,257  |   |         |   | 3,255 |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| TOTAL ASSETS                                                                                                                        |   | $           | 200,257  |   |         | $      | 3,255 |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                               |   |        |     |   |         |   |   |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| CURRENT LIABILITIES                                                                                                                 |   |        |     |   |         |   |   |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| Accounts payable and accrued expenses                                                                                               |   | $           | 35,624   |   |         | $      | 20,409 |   |
| Related party payable                                                                                                               |   |        | 4,450    |   |         |   | 75,427 |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| Total Current Liabilities                                                                                                           |   |        | 40,074   |   |         |   | 95,836 |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| LONG-TERM LIABILITIES                                                                                                               |   |        |     |   |         |   |   |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| Convertible note payable                                                                                                            |   |        | 200,526  |   |         |   | 0 |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| Total Long-Term Liabilities                                                                                                         |   |        | 200,526  |   |         |   | 0 |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| TOTAL LIABILITIES                                                                                                                   |   |        | 240,600  |   |         |   | 95,836 |   |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| STOCKHOLDERS' DEFICIT                                                                                                               |   |        |     |   |         |   |   |   |
| Common stock; 50,000,000 shares authorized at par value of $0.005, 5,184,410  and 3,208,250 shares issued and outstanding |   |        | 25,922   |   |         |   | 16,041 |   |
| Additional paid-in capital                                                                                                          |   |        | 142,255  |   |         |   | 63,209 |   |
| Accumulated deficit from development stage                                                                                          |   |        | (208,520 | )      |         |   | (171,831 | ) |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| Total Stockholders' Deficit                                                                                                         |   |        | (40,343  | )      |         |   | (92,581 | ) |
|                                                                                                                                |   |        |     |   |         |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                         |   | $           | 200,257  |   |         | $      | 3,255 |   |

----

|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   | From Inception |      |
|------------------------------------------------------|--------|----------------------------|-----------|--------|--------------------------|--------|-----------|--------------|--------|--------|-----------|--------|--------|----------------|-----------|
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   | on May 23,     |      |
|                                                 |   | For the Three Months Ended |      |   | For the Six Months Ended |   |      | 2007 Through |   |
|                                                 |   | June 30,                   |      |   | June 30,                 |   |      | June 30,     |   |
|                                                 |   | 2011                       |      |   | 2010                     |   |      | 2011         |   |   | 2010      |   |   | 2011           |      |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |
| REVENUES                                             |   | $                          | -         |   |                     | $      | -         |         |   | $      | -         |   |   | $              | -         |   |   | $ | - |   |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| OPERATING EXPENSES                                   |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| General and administrative                           |   |                       | 13,876    |   |                     |   | 5,696     |         |   |   | 36,689    |   |   |           | 12,281    |   |   |   | 127,602 |   |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| Total Operating Expenses                             |   |                       | 13,876    |   |                     |   | 5,696     |         |   |   | 36,689    |   |   |           | 12,281    |   |   |   | 127,602 |   |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| LOSS FROM OPERATIONS                                 |   |                       | (13,876   | )      |                     |   | (5,696    | )            |   |   | (36,689   | )      |   |           | (12,281   | ) |   |   | (127,602 | ) |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| OTHER EXPENSES                                       |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| Interest expense                                     |   |                       | -         |   |                     |   | -         |         |   |   | -         |   |   |           | -         |   |   |   | - |   |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| LOSS BEFORE TAXES                                    |   |                       | (13,876   | )      |                     |   | (5,696    | )            |   |   | (36,689   | )      |   |           | (12,281   | ) |   |   | (127,602 | ) |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| Income taxes                                         |   |                       | -         |   |                     |   | -         |         |   |   | -         |   |   |           | -         |   |   |   | - |   |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| LOSS FROM CONTINUING OPERATIONS                      |   |                       | (13,876   | )      |                     |   | (5,696    | )            |   |   | (36,689   | )      |   |           | (12,281   | ) |   |   | (127,602 | ) |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| DISCONTINUED OPERATIONS                              |   |                       | -         |   |                     |   | -         |         |   |   | -         |   |   |           | -         |   |   |   | (80,918 | ) |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| NET INCOME (LOSS)                                    |   | $                          | (13,876   | )      |                     | $      | (5,696    | )            |   | $      | (36,689   | )      |   | $              | (12,281   | ) |   | $ | (208,520 | ) |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| BASIC INCOME (LOSS) PER COMMON SHARE                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |
| CONTINUING OPERATIONS                                |   | $                          | -         |   |                     | $      | -         |         |   | $      | -         |   |   | $              | -         |   |   |   |   |   |
| DISCONTINUED OPERATIONS                              |   | $                          | -         |   |                     | $      | -         |         |   | $      | -         |   |   | $              | -         |   |   |   |   |   |
|                                                 |   |                       |      |   |                     |   |      |         |   |   |      |   |   |           |      |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING |   |                       | 5,184,410 |   |                     |   | 3,208,250 |         |   |   | 4,369,558 |   |   |           | 3,208,250 |   |   |   |   |   |

----

|                                                                             |   |         |       |   |    |   |    |        |   |   | Deficit       |   |   |    |     |
|----------------------------------------------------------------------------------|--------|--------------|------------|--------|---------|--------|---------|-------------|--------|--------|---------------|--------|--------|---------|----------|
|                                                                             |   |         |       |   |    |   |    |        |   |   | Accumulated   |   |   |    |     |
|                                                                             |   |         |       |   |    |   |    | Additional  |   |   | During the    |   |   | Total   |     |
|                                                                             |   | Common Stock |       |   | Paid-In |   |    | Development |   |   | Stockholders' |   |
|                                                                             |   | Shares       |       |   | Amount  |   |    | Capital     |   |   | Stage         |   |   | Deficit |     |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |
| Balance, May 23, 2007                                                            |   |         | -          |   |    | $      | -       |        |   | $      | -             |   |   | $       | -        |   |   | $ | - |   |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Common stock issued for services at $0.075 per share                             |   |         | 5,000,000  |   |    |   | 25,000  |        |   |   | 50,000        |   |   |    | -        |   |   |   | 75,000 |   |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Net loss for the year ended December 31, 2007                                    |   |         | -          |   |    |   | -       |        |   |   | -             |   |   |    | (85,762  | ) |   |   | (85,762 | ) |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Balance, December 31, 2007 (audited)                                             |   |         | 5,000,000  |   |    |   | 25,000  |        |   |   | 50,000        |   |   |    | (85,762  | ) |   |   | (10,762 | ) |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Common stock cancelled                                                           |   |         | (2,216,750 | )      |    |   | (11,084 | )           |   |   | 11,084        |   |   |    | -        |   |   |   | - |   |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Common stock issued for services at $0.01 per share                              |   |         | 200,000    |   |    |   | 1,000   |        |   |   | 1,000         |   |   |    | -        |   |   |   | 2,000 |   |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Net loss for the year ended December 31, 2008                                    |   |         | -          |   |    |   | -       |        |   |   | -             |   |   |    | (29,370  | ) |   |   | (29,370 | ) |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Balance, December 31, 2008 (audited)                                             |   |         | 2,983,250  |   |    |   | 14,916  |        |   |   | 62,084        |   |   |    | (115,132 | ) |   |   | (38,132 | ) |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Common stock issued for services at $0.01 per share                              |   |         | 225,000    |   |    |   | 1,125   |        |   |   | 1,125         |   |   |    | -        |   |   |   | 2,250 |   |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Net loss for the twelve months ended December 31, 2009                           |   |         | -          |   |    |   | -       |        |   |   | -             |   |   |    | (37,487  | ) |   |   | (37,487 | ) |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Balance, December 31, 2009 (audited)                                             |   |         | 3,208,250  |   |    | $      | 16,041  |        |   | $      | 63,209        |   |   | $       | (152,619 | ) |   | $ | (73,369 | ) |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Net loss for the year ended December 31, 2010                                    |   |         | -          |   |    |   | -       |        |   |   | -             |   |   |    | (19,212  | ) |   |   | (19,212 | ) |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Balance, December 31, 2010 (audited)                                             |   |         | 3,208,250  |   |    | $      | 16,041  |        |   | $      | 63,209        |   |   | $       | (171,831 | ) |   | $ | (92,581 | ) |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Common Stock issued for Services At $0.045 per share                             |   |         | 300,000    |   |    |   | 1,500   |        |   |   | 12,000        |   |   |    | -        |   |   |   | 13,500 |   |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Common Stock issued for settlement of related party payables at $0.045 per share |   |         | 1,676,160  |   |    |   | 8,381   |        |   |   | 67,046        |   |   |    | -        |   |   |   | 75,427 |   |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Net Loss for six months  ended June 30, 2011                           |   |         | -          |   |    |   | -       |        |   |   | -             |   |   |    | (36,689  | ) |   |   | (36,689 | ) |
|                                                                             |   |         |       |   |    |   |    |        |   |   |          |   |   |    |     |   |   |   |   |   |
| Balance, June 30, 2011(unaudited)                                                |   |         | 5,184,410  |   |    | $      | 25,922  |        |   | $      | 142,255       |   |   | $       | (208,520 | ) |   | $ | (40,343 | ) |

----

|                                                |   |                    |    |   |                    |   |     | From Inception |   |
|-----------------------------------------------------|--------|-------------------------|---------|--------|-------------------------|--------|----------|---------------------|--------|
|                                                |   |                    |    |   |                    |   |     | (May 23,       |   |
|                                                |   | For the Six   |    |   | For the Six   |   |     | 2007) through  |   |
|                                                |   | Months Ended       |    |   | Months Ended       |   |     | June 30,       |   |
|                                                |   | June 30, 2011 |    |   | June 30, 2010 |   |     | 2011                |   |
|                                                |   |                    |    |   |                    |   |     |                |   |
| OPERATING ACTIVITIES                                |   |                    |    |   |                    |   |     |                |   |
|                                                |   |                    |    |   |                    |   |     |                |   |
| Net loss                                            |   | $                       | (36,689 | )      |                    | $      | ( 12,281 | )                   |   | $ | (208,520 | ) |
| Adjustments to reconcile net loss to net            |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Cash used by operating activities:                  |   |                    |    |   |                    |   |     |                |   |   |   |   |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Common stock issued for services                    |   |                    | 13,500  |   |                    |   | -        |                |   |   | 92,750 |   |
| Changes in operating assets and liabilities:        |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Changes in accounts payable                         |   |                    | 15,215  |   |                    |   | 225      |                |   |   | 35,624 |   |
| Change in prepaid expenses                          |   |                    | 3,000   |   |                    |   | -        |                |   |   | - |   |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Net cash used by operating activities               |   |                    | (4,974  | )      |                    |   | (12,056  | )                   |   |   | (80,146 | ) |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| INVESTING ACTIVITIES                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Discontinued operations                             |   |                    | -       |   |                    |   | -        |                |   |   | (54,553 | ) |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Net cash used in investing activities               |   |                    | -       |   |                    |   | -        |                |   |   | (54,553 | ) |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| FINANCING ACTIVITIES                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Discontinued operations                             |   |                    | -       |   |                    |   | -        |                |   |   | 6,304 |   |
| Proceeds from issuance of Promissory note           |   |                    | 200,526 |   |                    |   | -        |                |   |   | 200,526 |   |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Proceeds from share issuance                        |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Proceeds from related part loan                     |   |                    | 4,450   |   |                    |   | 13,000   |                |   |   | 79,877 |   |
| Net cash provided by financing activities           |   |                    | 204,976 |   |                    |   | 13,000   |                |   |   | 286,707 |   |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| NETINCREASE (DECREASE) IN CASH                      |   |                    | 200,002 |   |                    |   | 944      |                |   |   | 152,008 |   |
| DISCONTINUED OPERATIONS                             |   |                    | -       |   |                    |   | -        |                |   |   | 48,249 |   |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| CASH AT BEGINNING OF PERIOD                         |   |                    | 255     |   |                    |   | 118      |                |   |   | - |   |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| CASH AT END OF PERIOD                               |   | $                       | 200,257 |   |                    | $      | 1,062    |                |   | $ | 200,257 |   |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF                         |   |                    |    |   |                    |   |     |                |   |   |   |   |
| CASH FLOW INFORMATION                               |   |                    |    |   |                    |   |     |                |   |   |   |   |
| CASH PAID FOR:                                      |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Interest                                            |   | $                       | -       |   |                    | $      | -        |                |   | $ | 625 |   |
| Income Taxes                                        |   | $                       | -       |   |                    | $      | -        |                |   | $ | - |   |
|                                                |   |                    |    |   |                    |   |     |                |   |   |   |   |
| SUPPLEMENTAL DISCLOSURE OF NON                      |   |                    |    |   |                    |   |     |                |   |   |   |   |
| CASH FLOW INFORMATION                               |   |                    |    |   |                    |   |     |                |   |   |   |   |
| Shares issued for settlement of related party loans |   | $                       | 75,427  |   |                    |   |     |                |   | $ | 75,427 |   |

----

----

----

|                                |   | Three Months   |    |   | Three Months   |   |
|-------------------------------------|--------|----------------|---------|--------|----------------|--------|
|                                |   | Ended June 30, |    |   | Ended June 30, |   |
|                                |   | 2011           |    |   | 2010           |   |
| Revenue                             |   | $              | -       |   |           | $      | - |   |
| Selling, general and administrative |   |           | 13,876  |   |           |   | 5,696 |   |
| Net Loss                            |   | $              | (13,876 | )      |           | $      | (5,696 | ) |

----

|                                |   | Six Months     |    |   | Six Months     |   |
|-------------------------------------|--------|----------------|---------|--------|----------------|--------|
|                                |   | Ended June 30, |    |   | Ended June 30, |   |
|                                |   | 2011           |    |   | 2010           |   |
| Revenue                             |   | $              | -       |   |           | $      | - |   |
| Selling, general and administrative |   |           | 36,689  |   |           |   | 12,281 |   |
| Net Loss                            |   | $              | (36,689 | )      |           | $      | (12,281 | ) |

----

----

|   | 1. | Lyle J. Mortensen, Gerry Shirren and Tiffany Kalahiki were elected as directors of the Company. |
|--------|----|-------------------------------------------------------------------------------------------------|

|   | 2. | The name of the Company was changed to Global Smart Energy, Inc., and; |
|--------|----|------------------------------------------------------------------------|

|   | 3. | The Bylaws of the Company were amended to permit stockholders and directors to approve corporate actions through executing majority written consents in lieu of holding meetings. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Lyle J. Mortensen, CEO and director           | 200,000 shares |
|-----------------------------------------------|----------------|
| Gerry Shirren, CFO and director               | 75,000 shares  |
| Tiffany Kalahiki, past secretary and director | 25,000 shares  |

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| Global Smart Energy, Inc. |
|---------------------------|
|                      |   |   |
|                      | Dated: August 15, 2011 | /s/ Lyle J. Mortensen |
|                      |   | By: Lyle J. Mortensen |
|                      |   | Chief Financial Officer |

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