UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549  Amendment 1 to FORM 10-Q (Mark One)  [X]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2011  [  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to _________________  Commission File Number:  000-52712  PEER REVIEW MEDIATION AND ARBITRATION,INC. (Exact name of registrant as specified in its charter)  Florida 65-1126951 (State or other jurisdiction (IRS Employer Identification No.) of incorporation or organization)  1450 S. Dixie Highway, Ste. 201 Boca Raton, Florida 33432 (Address of principal executive offices) (561) 347-1178 (Registrants telephone number, including area code)  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  [X]   No  [  ]  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes __X__   No ____.      Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.  Large accelerated filer [  ]Accelerated filer [  ]Non-accelerated filer [  ] (Do not check if a smaller reporting company)Smaller reporting company [X]  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  [  ]   No  [X]  As of November 21, 2011, there were 9,187,730 shares of Peer Review Mediation and Arbitration, Inc. Common Stock, $0.001 par value per share, issued and outstanding.  2


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|---------- | ------------------------------------------------------------------------------------------------------------------ | ----
|           | PART I.                                                                                                            | Page
|           | FINANCIAL INFORMATION                                                                                              |     
|           |                                                                                                                    |     
|Item 1.    | Financial Statements                                                                                               | 4   
|           |                                                                                                                    |     
|           | Consolidated Balance Sheets as of September 30, 2011 (unaudited) and December 31, 2010                             | 4   
|           | Consolidated Statements of Operations for the Three Months and Six Months Ended June 30, 2011
and 2010 (unaudited) | 5   
|           | Consolidated Statements of Cash Flows for the Nine Month Periods Ended
September 30, 2011 and 2010 (unaudited)     | 6   
|           | Notes to Consolidated Financial Statements (unaudited)                                                             | 8   
|           |                                                                                                                    |     
|Item 2.    | Managements Discussion and Analysis of Financial Condition and Results of Operations.                             | 10  
|           |                                                                                                                    |     
|Item 3.    | Quantitative and Qualitative Disclosures About Market Risk.                                                        | 12  
|           |                                                                                                                    |     
|Item 4.    | Controls and Procedures.                                                                                           | 12  
|           |                                                                                                                    |     
|           | PART II                                                                                                            |     
|           | OTHER INFORMATION                                                                                                  |     
|           |                                                                                                                    |     
|Item 1.    | Legal Proceedings.                                                                                                 | 14  
|           |                                                                                                                    |     
|Item 2.    | Unregistered Sales of Equity Securities and Use of Proceeds.                                                       | 14  
|           |                                                                                                                    |     
|Item 3.    | Defaults Upon Senior Securities.                                                                                   | 14  
|           |                                                                                                                    |     
|Item 4.    | Submission of Matters to a Vote of Security Holders.                                                               | 14  
|           |                                                                                                                    |     
|Item 5.    | Other Information.                                                                                                 | 14  
|           |                                                                                                                    |     
|Item 6.    | Exhibits.                                                                                                          | 14  
|           |                                                                                                                    |     
|Signatures | 15                                                                                                                
|           |                                                                                                                    |     

3     PEER REVIEW MEDIATION AND ARBITRATION, INC. CONSOLIDATED BALANCE SHEETS  December 31,September 30, 20112010(Unaudited)ASSETSCurrent assetsCash$155,655$80,978Accounts receivable30,663221,670Inventory22,29422,294Marketable securities7979Total current assets208,691325,021Fixed assets328,5221,295,594Less accumulated depreciation(99,663)(985,100)Intangible Assets-770,000Other assets13,58413,425242,4431,093,919Total Assets$451,134$1,418,940LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilitiesAccrued payables$633,379$787,594Related party payables2,797,9873,194,043Notes payable - current portion-146,013Notes payable  rel. pty.  current portion189,391-Capital lease obligation-36,848Other liabilities3,894-Total current liabilities3,624,6514,164,498Notes payable-667,279Notes payable  related party15,000-Total Liabilities3,639,6514,831,777Stockholders EquityPreferred stock, Series II, $.001 par value; 1.000,000 shares
Authorized; convertible; 1,000,000 issued and outstanding1,0001,000Common stock, $.001 par value; 45,000,000 shares authorized;
9,140,683 (2010) & 9,161,869 (2011)9,1409,176Additional paid in capital9,054,35623,615,271Stock subscription receivable(7,968,750)(7,203,750)Accumulated deficit(17,625,384)(19,822,038)Accumulated other comprehensive income (loss)(13,673)(13,673)Total PRMA stockholders equity(3,187,920)(3,414,014)Noncontrolling interest(597)1,177Total Stockholders Equity(3,188,517)(3,412,837)Total Liabilities and Stockholders Equity$451,134$1,418,940  The accompanying notes are an integral part of the consolidated financial statements.  4     PEER REVIEW MEDIATION AND ARBITRATION, INC. CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited)


|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|------------------------------------------------------------------- |  | ------------------ | --------- | - |  | ------------------ | - | --------- | - | ------------------ |  | - | ---------- | ------------------ |  |  | - | ---------- | -
|                                                                    |  | Three Months       |           |   |  | Three Months       |   |           |   | Nine Months        |  |   |            | Nine Months        | 
|                                                                    |  | Ended              |           |   |  | Ended              |   |           |   | Ended              |  |   |            | Ended              | 
|                                                                    |  | September 30, 2010 |           |   |  | September 30, 2011 |   |           |   | September 30, 2010 |  |   |            | September 30, 2011 | 
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Revenue                                                             |  | $                  | 56,944    |   |  |                    | $ | 2,069,437 |   |                    |  | $ | 139,480    |                    |  |  | $ | 6,265,010  |  
|Cost of sales                                                       |  |                    | 33,651    |   |  |                    |   | 1,674,386 |   |                    |  |   | 59,071     |                    |  |  |   | 5,352,824  |  
|                                                                    |  |                    | 23,293    |   |  |                    |   | 395,051   |   |                    |  |   | 80,409     |                    |  |  |   | 912,186    |  
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Expenses:                                                           |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Depreciation                                                        |  |                    | 13,716    |   |  |                    |   | 44,821    |   |                    |  |   | 24,327     |                    |  |  |   | 161,908    |  
|Selling, general and administrative                                 |  |                    | 431,098   |   |  |                    |   | 504,701   |   |                    |  |   | 1,223,117  |                    |  |  |   | 1,633,498  |  
|Write offs                                                          |  |                    | -         |   |  |                    |   | -         |   |                    |  |   | -          |                    |  |  |   | 1,051,900  |  
|                                                                    |  |                    | 444,814   |   |  |                    |   | 549,252   |   |                    |  |   | 1,247,444  |                    |  |  |   | 2,847,306  |  
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Loss from operations                                                |  |                    | (421,521  | ) |  |                    |   | (154,471  | ) |                    |  |   | (1,167,035 | )                  |  |  |   | (1,935,120 | )
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Other income (expense)                                              |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Interest income                                                     |  |                    | 5         |   |  |                    |   | 12        |   |                    |  |   | 5          |                    |  |  |   | 12         |  
|Interest (expense)                                                  |  |                    | (62,933   | ) |  |                    |   | (67,372   | ) |                    |  |   | (185,517   | )                  |  |  |   | (205,187   | )
|Beneficial conversion feature - expense                             |  |                    | -         |   |  |                    |   | (5,938    | ) |                    |  |   | -          |                    |  |  |   | (56,626    | )
|                                                                    |  |                    | (62,928   | ) |  |                    |   | (73,298   | ) |                    |  |   | (185,512   | )                  |  |  |   | (261,801   | )
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Income (loss) before provision
for income taxes                     |  |                    | (484,449  | ) |  |                    |   | (227,769  | ) |                    |  |   | (1,352,547 | )                  |  |  |   | (2,196,921 | )
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Provision for income tax                                            |  |                    | -         |   |  |                    |   | -         |   |                    |  |   | -          |                    |  |  |   | -          |  
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Net income (loss)                                                   |  |                    | (484,449  | ) |  |                    |   | (227,769  | ) |                    |  |   | (1,352,547 | )                  |  |  |   | (2,196,921 | )
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Other comprehensive income (Loss) 
     net of tax                 |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Unrealized gain (loss) on securities                                |  |                    | (13       | ) |  |                    |   | -         |   |                    |  |   | (65        | )                  |  |  |   | -          |  
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Comprehensive income (loss)                                         |  |                    | (484,462  | ) |  |                    |   | (227,769  | ) |                    |  |   | (1,352,612 | )                  |  |  |   | (2,196,921 | )
|Comprehensive (income) loss attributable to noncontrolling interest |  |                    | -         |   |  |                    |   | (484      | ) |                    |  |   | -          |                    |  |  |   | 270        |  
|Comprehensive income (loss) attributable to PRMA                    |  | $                  | (484,462  | ) |  |                    | $ | (228,253  | ) |                    |  | $ | (1,352,612 | )                  |  |  | $ | (2,196,651 | )
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Net income (loss) per share(Basic and fully diluted)                |  | $                  | (0.06     | ) |  |                    | $ | (0.02     | ) |                    |  | $ | (0.16      | )                  |  |  | $ | (0.24      | )
|                                                                    |  |                    |           |   |  |                    |   |           |   |                    |  |   |            |                    |  |  |   |            |  
|Weighted average number of
common shares outstanding                |  |                    | 8,443,924 |   |  |                    |   | 9,169,234 |   |                    |  |   | 8,420,573  |                    |  |  |   | 9,159,156  |  

The accompanying notes are an integral part of the consolidated financial statements. 5    PEER REVIEW MEDIATION AND ARBITRATION CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)   Nine MonthsNine MonthsEndedEndedSeptember 30, 2010September 30, 2011Cash Flows From Operating Activities:Net income (loss)$(1,352,547)$(2,196,651)Adjustments to reconcile net income to net cash provided by (used for) operating activities:Depreciation24,326885,437Accounts receivable(29,095)(191,007)Accrued payables269,290154,215Related party payables357,022396,056Other assets-159Beneficial conversion feature  expense-56,626Writeoffs-1,051,900Net cash provided by (used for) operating activities(732,694)156,735Cash Flows From Investing Activities:

Fixed asset purchases(1,212)(967,072)Business acquisition - net-(725,218)Net cash provided by (used for) investing activities(1,212)(1,692,290)   (Continued on Following Page)  The accompanying notes are an integral part of the consolidated financial statements.  6     PEER REVIEW MEDIATION AND ARBITRATION CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)   (Continued From Previous Page)   Nine MonthsNine MonthsEndedEndedSeptember 30, 2010September 30, 2011Cash Flows From Financing Activities:Notes payable - borrowings--Notes payable  payments(97,931)605,007Capital lease obligation  payments-36,848Related party loans13,851-Equity sales - subsidiary-453,000Option Exercises828,316366,023Net cash provided by (used for) financing activities744,2361,460,878Net Increase (Decrease) In Cash10,330(74,677)Cash At The Beginning Of The Period27,392155,655Cash At The End Of The Period$37,722$80,978Schedule of Non-Cash Investing and Financing ActivitiesIn 2011 the Company purchased $11,796 in cash, $49,118 in accounts receivable, and $228,776 in fixed assets, with corresponding liabilities of $491,500 by issuing 5,000 common shares valued at $85,000 and fulfilling a stock subscription payable of $765,000 by issuing 45,000 common shares.Supplemental DisclosureCash paid for interest$1,293$9,323Cash paid for income taxes$-$-   The accompanying notes are an integral part of the consolidated financial statements.  7


PEER REVIEW MEDIATION AND ARBITRATION, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)  NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:  Peer Review Mediation And Arbitration, Inc. (PRMA, the Company), was incorporated in the State of Florida on April 16, 2001. The Company provides peer review services and expertise to law firms, medical practitioners, insurance companies, hospitals and other organizations in regard to personal injury, professional liability and quality review.  Basis of Presentation  The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim periods have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim periods are not necessarily indicative of operations for a full year.  Principles of Consolidation  The accompanying consolidated financial statements include the accounts of Peer Review Mediation and Arbitration, Inc. and its wholly owned subsidiary. All intercompany accounts and transactions have been eliminated in consolidation.  Cash and Cash Equivalents  The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents.  Use of Estimates  The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.  Income tax  The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.    8





PEER REVIEW MEDIATION AND ARBITRATION, INC. NOTES TO CONSOLIDATEDFINANCIAL STATEMENTS (Unaudited)  NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:  Net income (loss) per share  The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company's preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share.  Revenue recognition  Revenue is recognized on an accrual basis after services have been performed under contract terms, the service price to the client is fixed or determinable, and collectability is reasonably assured. The Company's revenues to date have been earned primarily from consulting fees for arranging medical expert insurance case review.  Property and equipment  Property and equipment are recorded at cost and depreciated under the straight line method over each item's estimated useful life.  Financial Instruments  The carrying value of the Companys financial instruments, as reported in the accompanying balance sheet, approximates fair value.  Marketable Securities  The Company's marketable securities are classified as available-for-sale, are presented in the balance sheets at fair market value, and consist entirely of equity securities. Gains and losses are determined using the specific identification method.  The Company accounts for comprehensive income (loss) under ASC 220, which establishes standards for reporting and display of comprehensive income and its components. Unrealized gains (losses) from marketable securities are reported as other comprehensive income (loss) in the consolidated statements of income and comprehensive income and as accumulated other comprehensive income (loss) in stockholders equity.  Stock based compensation  The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.    9





ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS  This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The statements regarding Peer Review Mediation and Arbitration, Inc. and its subsidiaries contained in this Report that are not historical in nature, particularly those that utilize terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations and assumptions, and entail various risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements.  Overview  We were incorporated under the laws of the State of Florida on April 16, 2001. We have been conducting business operations ever since, primarily focused on the creation and continual development of our proprietary Private Network Application which allows direct access to our Peer Review Data Archival resource via our PeerReviewboard.com Internet web site. Our wholly owned subsidiary, Independent Review, Inc., is engaged in providing medical case reviews to the Texas Insurance Commission pursuant to a license from the state of Texas.  Our service enables subscribers, attorneys, insurance claims agents, healthcare providers and consumers the ability to efficiently search and engage medical experts for a variety of medical consulting projects. PRMA maintains a network of independent physicians as members of its Peer Review Board, available to assist in areas such as: expert medical opinions and testimony, legal case evaluation and strategy, assessment of damages, case valuation, medical peer review and chart review, independent medical review, quality and utilization review, medical case management, and medical second opinion.  In addition, we offer a diverse program of technology and innovation services as member benefits to our member physicians through Pro-Med Alliance, our wholly-owned subsidiary.   RESULTS OF OPERATIONS  Comparison of Results of Operations for the Three Months Ended September 30, 2011 and 2010  Sales were $2,069,437 for the three months ended September 30, 2011, as compared to sales of $56,944 for the three months ended September 30, 2010, an increase of $2,012,493, or 3534.2%.  This increase in revenue for the three months ending September 30, 2011 is due to the transition the Company has made from developmental to operational, and due to the additional revenue provided by our Document Management Division, Environmental Division, Staffing Division and Mediation Division.  Cost of sales was $1,674,386 for the three months ended September 30, 2011, as compared to cost of sales of $33,651 for the comparable period in 2010, an increase of $1,640,735, or 4,876%. Cost of sales increased due to the corresponding increase in revenues.  10





For the three months ended September 30, 2011, we incurred operating expenses of $549,522, which included selling, general and administrative expenses of $504,701, compared to operating expense of $444,814 during the three months ended September 30, 2010, which included selling, general and administrative expenses of $431,098 for the same period last year, or a 17.1% increase in selling, general and administrative expense.  This increase is due an increase in business activity as the Company continues to execute its business plan. Selling, general and administrative expenses during the three months ended September 30, 2011, consisted of $95,918 in physician recruitment, $63,945 in administrative expense, $53,288 in operational expense, $1,508 in IT hosting and maintenance, $28,630 in rent, $91,921 in officers and directors compensation, $46,626 in consulting fees, $8,916 in telephone, $10,175 in legal and & professional fees, $12,875 in utilities and maintenance, $11,513 in office supplies, $1,823 in licenses and permits, $8,905 in promotion and advertising, and $63,732 in interest expense. Depreciation and amortization expense increased to $44,821 during the three months ended September 30, 2011, compared with that of $13,716 for the same period in 2010. The increase in depreciation and amortization expense was primarily due to an increase in fixed assets, associated primarily with asset purchases to facilitate the growth of the company.  As a result, we incurred a loss of ($228,253) during three months ended September 30, 2011, or ($0.02) per share, compared with a loss of ($484,462) during the three months ended September 30, 2010, or ($0.06) per share.  Comparison of Results of Operations for the Nine Months Ended September 30, 2011 and 2010  Sales were $6,265,010 for the nine months ended September 30, 2011, as compared to sales of $139,480 for the nine months ended September 30, 2010, an increase of $6,125,530, or 4,392%. Our increase in revenues during the nine months ended September 30, 2011 is due to the transition the Company has made from developmental to operational, and due to the additional revenue provided our Document Management Division, Environmental Division, and Staffing Division.  Cost of sales was $5,352,824 for the nine months ended September 30, 2011, as compared to cost of sales of $59,071 for the comparable period in 2010, an increase of $5,293,753, or 8,962%. Cost of sales increased due to the corresponding increase in revenues.  For the nine months ended September 30, 2011, we incurred operating expenses of $2,847,306, which included selling, general and administrative expenses of $1,633,498, compared to operating expense of $1,247,444 during the nine months ended September 30, 2010, which included selling, general and administrative expenses of $1,223,117 for the same period last year, or a 33.6% increase in selling, general and administrative expense. This increase is due an increase in business activity as the Company continues to execute its business plan. Selling, general and administrative expenses during the nine months ended September 30, 2011, consisted of $309,013 in physician recruitment, $206,009 in administrative expense, $171,674 in operational expense, $89,347 in IT hosting and maintenance, $85,388 in rent, $272,206 in officers and directors compensation, $134,697 in consulting fees, $28,519 in telephone, $38,014 in legal and & professional fees, $20,571in utilities and maintenance, $34,472 in office supplies, $7,528 in licenses/permits, $11,140 in promotion and advertising, $19,734 in miscellaneous fees, and $205,187 in interest expense. Depreciation and amortization expense increased to $161,098 during the nine months ended September 30, 2011, compared with that of $24,327 for the same period in 2010. The increase in depreciation and amortization expense was primarily due to an increase in fixed assets, associated primarily with asset acquisitions.  11





As a result, we incurred a loss of ($2,196,651) during nine months ended September 30, 2011, or ($0.24) per share, compared with a loss of ($1,352,612) during the nine months ended September 30, 2010, or ($0.16) per share.  LIQUIDITY AND CAPITAL RESOURCES  At September 30, 2011, we had $80,978 in cash and marketable securities.  During the quarter ending September 30, 2011, operations were funded through the exercise of our outstanding Common Stock Purchase Options.  On April 2, 2009 our registration statement was deemed effective by the SEC wherein we registered 323,940 shares of our Common Stock that underlie previously issued purchase options.  As of the date of this report we have received an aggregate of $3,431,733 from the exercise of these Purchase Options and issued 196,0995 shares of our Common Stock as a result.  It is managements intent to use the funds generated by the exercising of these options to execute the business plan.  The net cash provided in operating activities for the quarter ended September 30, 2011 was $156,735. The net cash provided from financing activities for the quarter ended September 30, 2011 was $1,460,878. We had $80,978 in cash and cash equivalents as of September 30, 2011, compared to $37,819 in cash and cash equivalents as of September 30, 2010. We had $221,670 in account receivables as of September 30, 2011, as compared to $36,055 at September 30, 2010.  Off-Balance Sheet Arrangements  We have not entered into any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.  ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.  Not applicable.   ITEM 4T. Controls and Procedures  During the three months ended September 30, 2011, there were no changes in our internal controls over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting,  12





Evaluation of Disclosure Controls and Procedures Under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended, as of September 30, 2011.  Based on this evaluation, our chief executive officer and chief financial officer have concluded such controls and procedures to be effective as of September 30, 2011 to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Act is recorded, processed, summarized and reported, within the time periods specified in the Commissions rules and forms and to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and communicated to the issuers management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.  13





PART II. OTHER INFORMATION  ITEM 1. LEGAL PROCEEDINGS  None   ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS  None  ITEM 3. DEFAULTS UPON SENIOR SECURITIES  None  ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS  None  ITEM 5. OTHER INFORMATION  None.  ITEM 6. EXHIBITS


|            |                                                                                                                                
|----------- | -------------------------------------------------------------------------------------------------------------------------------
|Exhibit No. | Description                                                                                                                    
|            |                                                                                                                                
|31.1        | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             
|            |                                                                                                                                
|31.2        | Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             
|            |                                                                                                                                
|32          | Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|            |                                                                                                                                
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SIGNATURES  Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.  PEER REVIEW MEDIATION AND ARBITRATION, INC.   Dated:  November 21, 2011 By: /s/Willis Hale Willis Hale, Chief Executive Officer   By:s/Marc E. Combs Marc E. Combs, Chief Financial Officer  15