----

----

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

----

|  GLOBAL SMART ENERGY, INC. |
|---------------------------------|
|  TABLE OF CONTENTS         |
|                            |   |   |   |
|  PART I                    |   |   |   |
|                            |  Item 1 |  Financial Statements |  3 |
|                            |   |   |   |
|                            |  Item 2 |  Management's Discussion and Analysis of Financial Condition and Results of Operations |  8 |
|                            |   |   |   |
|                            |  Item 3 |  Quantitative and Qualitative Dislosures About Market Risk |  9 |
|                            |   |   |   |
|                            |  Item 4T |  Controls and Procedures |  9 |
|                            |   |   |   |
|  Part II                   |   |  Other Information |   |
|                            |   |   |   |
|                            |  Item 1 |  Legal Proceedings |  10 |
|                            |   |   |   |
|                            |  Item 2 |  Unregistered Sales of Equity Securities and Use of Proceeds |  10 |
|                            |   |   |   |
|                            |  Item 3 |  Defaults Upon Senior Securities |  10 |
|                            |   |   |   |
|                            |  Item 4 |  Submission of Matters to a Vote of Security Holders |  10 |
|                            |   |   |   |
|                            |  Item 5 |  Other Information |  10 |
|                            |   |   |   |
|                            |  Item 6 |  Exhibits |  10 |
|                            |   |   |   |

----

----

| GLOBAL SMART ENERGY, INC.                                                        |   |
|----------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                    |   |
| Balance Sheets                                                                   |   |
|                                                                             |   |   |   |   |   |   |   |   |   |
| ASSETS                                                                           |   |
|                                                                             |   |   |   |   |   |   |   |   |   |
|                                                                             |   |   |   | March 31, |   | December 31, |   |
|                                                                             |   |   |   | 2011 |   | 2010 |   |
|                                                                             |   |   |   |   | (unaudited) |   |   | (audited) |   |
| CURRENT ASSETS                                                                   |   |   |   |   |   |   |
| Cash and cash equivalents                                                        |   | $ | 319 |   |   | $ | 255 |   |
| Prepaid expenses                                                                 |   |   |   |   |   |   | 3,000 |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Total current assets                                                             |   |   | 319 |   |   |   | 3,255 |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                                     |   | $ | 319 |   |   | $ | 3,255 |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                            |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                              |   |   |   |   |   |   |   |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                                            |   | $ | 25,136 |   |   | $ | 20,409 |   |
| Related party payable                                                            |   |   | 1,650 |   |   |   | 75,427 |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Total current liabilities                                                        |   |   | 26,786 |   |   |   | 95,836 |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES                                                                |   |   | 26,786 |   |   |   | 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, respectively       |   |   | 25,922 |   |   |   | 16,041 |   |
| Additional paid-in capital                                                       |   |   | 142,255 |   |   |   | 63,209 |   |
| Accumulated deficit from development stage                                       |   |   | (194,644 | ) |   |   | (171,831 | ) |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Total Stockholders' Deficit                                                      |   |   | (26,467 | ) |   |   | (92,581 | ) |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS'                                              |   |   |   |   |   |   |   |   |
|  DEFICIT                                                                    |   | $ | 319 |   |   | $ | 3,255 |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements.  |   |

----

| GLOBAL SMART ENERGY, INC.                                                  |   |
|----------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                              |   |
| Statements of Operations                                                   |   |
| (Unaudited)                                                                |   |
|                                                                       |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   | From Inception |   |
|                                                                       |   |   |   |   |   |   |   | (May 23, |   |
|                                                                       |   | For the Three |   |   | For the Three |   |   | 2007) through |   |
|                                                                       |   | Months Ended |   |   | Months Ended |   |   | March 31, |   |
|                                                                       |   | 3/31/11 |   |   | 3/31/10 |   |   | 2011 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |
| REVENUES                                                                   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative                                                 |   |   | 22,813 |   |   |   | 6,585 |   |   |   | 113,726 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                                   |   |   | 22,813 |   |   |   | 6,585 |   |   |   | 113,726 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM OPERATIONS                                                       |   |   | (22,813 | ) |   |   | (6,585 | ) |   |   | (113,726 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Income taxes                                                               |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM CONTINUING OPERATIONS                                            |   |   | (22,813 | ) |   |   | (6,585 | ) |   |   | (113,726 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| DISCONTINUED OPERATIONS                                                    |   |   |   |   |   |   | - |   |   |   | (80,918 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                                                   |   | $ | (22,813 | ) |   | $ | (6,585 | ) |   | $ | (194,644 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC LOSS PER COMMON SHARE                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| CONTINUING OPERATIONS                                                      |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |
| DISCONTINUED OPERATIONS                                                    |   | $ | - |   |   | $ | 0.00 |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| COMMON SHARES OUTSTANDING                                                  |   |   | 3,545,653 |   |   |   | 3,208,250 |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |   |
|                                                                       |

----

| (A Development Stage Company)                                                   |   |
|---------------------------------------------------------------------------------|--------|
| Statement of Stockholders' Deficit                                              |   |
| From Inception (May 23, 2007) to March 31, 2011                                 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   | 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 twelve months  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 ServicesAt $0.045 per share                       |   |   | 300,000 |   |   |   | 1,500 |   |   |   | 12,000 |   |   |   | - |   |   |   | 13,500 |   |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common Stock issued for settlement of relatedparty payables at $0.045 per share |   |   | 1,676,160 |   |   |   | 8,381 |   |   |   | 67,046 |   |   |   | - |   |   |   | 75,427 |   |
|  Net Loss for three months  endedMarch 31, 2011                  |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (22,813 | ) |   |   | (22,813 | ) |
|  Balance, March 31, 2011(unaudited)                    |   |   |    5,184,410     |   |   | $ |  25,922  |   |   | $ |  142,255  |   |   | $ |  (194,644 | ) |   | $ |  (26,467 | ) |

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

----

| (A Development Stage Company) |
|-------------------------------|
| Statements of Cash Flows      |
| (Unaudited)                   |
|   |
|--------|

|                                                                                                      |   |           |    |   |           |   |         | From inception |   |
|-----------------------------------------------------------------------------------------------------------|--------|----------------|---------|--------|----------------|--------|--------------|----------------|--------|
|                                                                                                      |   |           |    |   |           |   |         | (May 23,       |   |
|                                                                                                      |   | For the Three  |    |   | For the Three  |   |         | 2007) through  |   |
|                                                                                                      |   | Months Ended   |    |   | Months Ended   |   |         | March 31,      |   |
|                                                                                                      |   | March 31, 2011 |    |   | March 31, 2010 |   |         | 2011           |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |
|  OPERATING ACTIVITIES                                                                                |   |           |    |   |           |   |         |           |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |
|      Net Loss                                                                    |   | $              | (22,813 | )      |           | $      | (6,585  | )              |   | $ | (194,644  | ) |
|      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                               |   |           | 4,727   |   |           |   | (721         | )              |   |   | 25,136 |   |
|            Change in Current Assets                     |   |           | 3,000   |   |           |   | -            |           |   |   | - |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|            Net cash used by operating Assets            |   |           | (1,586  | )      |           |   | (7,306       | )              |   |   | (76,758 | ) |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|  INVESTING ACTIVITIES                                                                                |   |           |    |   |           |   |         |           |   |   |   |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|      Discontinued operations                                                     |   |           | -       |   |           |   | -            |           |   |   | (54,553 | ) |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|         Net cash used in investing activities                     |   |           | -       |   |           |   | -            |           |   |   | (54,553 | ) |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|  FINANCING ACTIVITIES                                                                                |   |           |    |   |           |   |         |           |   |   |   |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|      Discontinued operations                                                     |   |           | -       |   |           |   | -            |           |   |   | 6,304 |   |
|      Proceeds from related party loans                                           |   |           | 1,650   |   |           |   | 8,000        |           |   |   | 77,077 |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|         Net cash provided by financing activities                 |   |           | 1,650   |   |           |   | 8,000        |           |   |   | 83,381 |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|      NET INCREASE (DECREASE) IN CASH                                             |   |           | 64      |   |           |   | 694          |           |   |   | (47,930 | ) |
|         DISCONTINUED OPERATIONS                                   |   |           |    |   |           |   |         |           |   |   | 48,249 |   |
|      CASH AT BEGINNING OF PERIOD                                                 |   |           | 255     |   |           |   | 118          |           |   |   | - |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|      CASH AT END OF PERIOD                                                       |   | $              | 319     |   |           | $      | 812          |           |   | $ | 319 |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|  SUPPLEMENTAL DISCLOSURES OF                                           |   |           |    |   |           |   |         |           |   |   |   |   |
|      CASH FLOW INFORMATION                                                       |   |           |    |   |           |   |         |           |   |   |   |   |
|      CASH PAID FOR:                                                              |   |           |    |   |           |   |         |           |   |   |   |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|      Interest                                                                    |   | $              |    |   |           | $      |         |           |   | $ | 625 |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|      Income Taxes                                                                |   | $              |    |   |           | $      |         |           |   | $ |   |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|         SUPPLEMENTAL DISCLOSURE OF NON                            |   |           |    |   |           |   |         |           |   |   |   |   |
|         CASH FLOW INFORMATION                                     |   |           |    |   |           |   |         |           |   |   |   |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|           Shares issued for settement of related party loans |   | $              | 75,427  |   |           |   |         |           |   | $ | 75,427 |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
|            Shares Issued for Services                   |   | $              | 13,500  |   |           |   |         |           |   | $ | 13,500 |   |
|                                                                                                      |   |           |    |   |           |   |         |           |   |   |   |   |
| The accompanying notes are an integral part of these financial statements                                 |   |

----

|  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  |

----

|                                                        |   | Three Months |     |                | Three Months |   |
|-------------------------------------------------------------|--------|--------------|----------|---------------------|--------------|--------|
|                                                        |   | Ended March  |     |                | Ended March  |   |
|                                                        |   |         | 31, 2011 |                |         |   | 31,2010 |   |
|                                                        |   |         |     |                |         |   |   |   |
|  Revenue                                |   | $            | -        |                |         | $      | - |   |
| Selling, general and administrative     |   |         | 22,813   |                |         |   | 6,585 |   |
|                                                        |   |         |     |                |         |   |   |   |
| Net Loss                                |   | $            | (22,813  | )    |         | $      | (6,585 | )  |
|                                                        |   |         |     |                |         |   |   |   |
|                                                        |   |         |     |                |         |   |   |   |

----

----

| 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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|  Dated: May 15,2011   |  /s/ Lyle J Mortensen    |   |
|--------------------------------------|-------------------------------|--------|
|  By:                            |  Lyle J Mortensen        |   |
|                                 |  Chief Executive Officer |   |

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