----

----

| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

| Delaware                                                      |   | 000-51193             |   | 20-8326081                   |
|---------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (Commission File No.) |   | (IRS Employee Identification No.) |

| Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. | Yes x No o |
|----------------------------------------------------------------------------------------------------------------|----------------------|

----

| Item 1.                    | Financial Statements                                              | 1      |
|----------------------------|-------------------------------------------------------------------|--------|
| Item 2.                    | Management’s Discussion and Analysis of Financial Condition | 12     |
| Item 3                     | Quantitative and Qualitative Disclosures About Market Risk        | 15     |
| Item 4T.                   | Control and Procedures                                            | 15     |
|                       |                                                              |   |
|                       |                                                              |
| PART II--OTHER INFORMATION |                                                              |
|                       |                                                              |   |
| Item 1                     | Legal Proceedings                                                 | 16     |
| Item 1A                    | Risk Factors                                                      | 16     |
| Item 2.                    | Unregistered Sales of Equity Securities and Use of Proceeds       | 16     |
| Item 3.                    | Defaults Upon Senior Securities                                   | 16     |
| Item 4.                    | Submission of Matters to a Vote of Security Holders               | 16     |
| Item 5.                    | Other Information                                                 | 16     |
| Item 6.                    | Exhibits and Reports on Form 8-K                                  | 16     |

----

----

| Aspire Japan, Inc.(A Development Stage Company)CONDENSED BALANCE SHEETS                                                |   |
|------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                   |   |   |   |
|                                                                                                                   |   |   |   |
|                                                                                                                   |   | July 31, |   |   | January 31, |   |
|                                                                                                                   |   | 2009 |   |   | 2009 |   |
|                                                                                                                   |   | (Unaudited) |   |   |   |   |
| ASSETS                                                                                                                 |   |
|                                                                                                                   |   |   |   |   |   |   |
| CURRENT ASSETS                                                                                                         |   |   |   |   |   |   |
|                                                                                                                   |   |   |   |   |   |   |
|     Cash                                                                                           |   | $ | 1,251 |   |   | $ | 712 |   |
|     Prepaid expenses                                                                               |   |   | 11,520 |   |   |   | - |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
|        TOTAL CURRENT ASSETS                                                         |   |   | 12,771 |   |   |   | 712 |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| OTHER ASSETS                                                                                                           |   |   |   |   |   |   |   |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
|     Deposits                                                                                       |   |   | 475 |   |   |   | - |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
|        TOTAL ASSETS                                                                 |   | $ | 13,246 |   |   | $ | 712 |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                  |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
|     Accounts payable and accrued expenses                                                          |   | $ | 16,105 |   |   | $ | 41,973 |   |
|     Accrued interest                                                                               |   |   | 76,759 |   |   |   | 51,854 |   |
|     Accrued interest - related party                                                               |   |   | 11,157 |   |   |   | 8,086 |   |
|     Accrued severance                                                                              |   |   | 1,442,317 |   |   |   | 1,442,317 |   |
|     Note payable                                                                                   |   |   | 331,308 |   |   |   | 197,403 |   |
|     Loan payable -related party                                                                    |   |   | 32,462 |   |   |   | 57,452 |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
|        TOTAL CURRENT LIABILITIES                                                    |   |   | 1,910,108 |   |   |   | 1,799,085 |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| LONG TERM LIABILITIES                                                                                                  |   |   |   |   |   |   |   |   |
|     Note payable                                                                                   |   |   | - |   |   |   | 40,135 |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
|      TOTAL LIABILITIES                                                                        |   |   | 1,910,108 |   |   |   | 1,839,220 |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                                                                          |   |   | - |   |   |   | - |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' DEFICIT                                                                                                  |   |   |   |   |   |   |   |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |
|     Preferred Stock - Par value $.001;                                                             |   |   |   |   |   |   |   |   |
|         Authorized: 50,000,000                                                 |   |   |   |   |   |   |   |   |
|         Issued and Outstanding: none                                           |   |   | - |   |   |   | - |   |
|     Common Stock - Par value $0.001;                                                               |   |   |   |   |   |   |   |   |
|         Authorized: 100,000,000                                                |   |   |   |   |   |   |   |   |
|         Issued and Outstanding:7,854,150 and  7,854,150 respectively |   |   | 7,854 |   |   |   | 7,854 |   |
|     Additional Paid-In Capital                                                                     |   |   | 1,634,396 |   |   |   | 1,589,396 |   |
|     Other Comprehensive Income (Loss)                                                              |   |   | (5,078 | ) |   |   | (5,078 | ) |
|     Accumulated Deficit during development stage                                                   |   |   | (3,534,034 | ) |   |   | (3,430,680 | ) |
|                                                                                                                   |   |   |   |   |   |   |   |   |
|        Total Stockholders' Deficit                                                  |   |   | (1,896,862 | ) |   |   | (1,838,508 | ) |
|                                                                                                                   |   |   |   |   |   |   |   |   |
|        TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                  |   | $ | 13,246 |   |   | $ | 712 |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |

----

| Aspire Japan, Inc.                                        |                                |
|-----------------------------------------------------------|-------------------------------------|
| (A Development Stage Company)                             |                                |
| CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS |                                |
| (Unaudited)                                               |                                |
|                                                      |                                |   |   |   |   |   |   |   |   |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |
|                                                      |                                |   |   |   |   |   |   |   | For the period |   |
|                                                      |                                |   |   |   |   |   |   |   | February 2, 2005 |   |
|                                                      | For the Three Months Ended July 31, |   | For the Six Months Ended July 31, |   | (inception) to |   |
|                                                      | 2009                                |   | 2008 |   | 2009 |   | 2008 |   | July 31, 2009 |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |
| Revenue                                                   | $                                   | - |   | $ | - |   | $ | - |   | $ | - |   | $ | - |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                                        |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Professional Fees                                         |                                | 23,595 |   |   | 21,990 |   |   | 23,721 |   |   | 48,507 |   |   | 354,772 |   |
| Marketing Expenses                                        |                                | - |   |   | - |   |   | - |   |   | - |   |   | 156,562 |   |
| Consulting Fees                                           |                                | - |   |   | 15,000 |   |   | - |   |   | 30,000 |   |   | 206,510 |   |
| Compensation Expense                                      |                                | 22,500 |   |   | 22,500 |   |   | 45,000 |   |   | 45,000 |   |   | 416,031 |   |
| Severance Expense                                         |                                | - |   |   |   |   |   | - |   |   | 322,889 |   |   | 1,472,317 |   |
| General and administrative                                |                                | 3,113 |   |   | 14,338 |   |   | 4,108 |   |   | 77,795 |   |   | 881,453 |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                  |                                | 49,208 |   |   | 73,828 |   |   | 72,829 |   |   | 524,191 |   |   | 3,487,645 |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss from Operations                                      |                                | (49,208 | ) |   | (73,828 | ) |   | (72,829 | ) |   | (524,191 | ) |   | (3,487,645 | ) |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Income                                           |                                | - |   |   | 8 |   |   | - |   |   | 12 |   |   | 2,630 |   |
| Foreign Currency Transaction Loss                         |                                | (2,547 | ) |   | 73 |   |   | (2,549 | ) |   | 73 |   |   | (5,092 | ) |
| Gain on liquidated damages                                |                                | - |   |   | - |   |   | - |   |   | - |   |   | 84,949 |   |
| Interest Expense                                          |                                | (15,745 | ) |   | (14,756 | ) |   | (27,976 | ) |   | (37,143 | ) |   | (128,876 | ) |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Income/Expense                                |                                | (18,292 | ) |   | (14,675 | ) |   | (30,525 | ) |   | (37,058 | ) |   | (46,389 | ) |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for Income Taxes                                |                                | - |   |   | - |   |   | - |   |   | - |   |   | - |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                  |                                | (67,500 | ) |   | (88,503 | ) |   | (103,354 | ) |   | (561,249 | ) |   | (3,534,034 | ) |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income / (Loss)                       |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                |                                | - |   |   | - |   |   | - |   |   | - |   |   | - |   |
| Foreign Currency Translation Loss                         |                                | - |   |   |   |   |   |   |   |   | 61 |   |   | (5,078 | ) |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive Loss                                        | $                                   | (67,500 | ) | $ | (88,503 | ) | $ | (103,354 | ) | $ | (561,188 | ) | $ | (3,539,112 | ) |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss Per Share  - basic and diluted         | $                                   | (0.01 | ) | $ | (0.01 | ) | $ | (0.01 | ) | $ | (0.07 | ) |   |   |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of shares outstanding             |                                | 7,854,150 |   |   | 7,854,150 |   |   | 7,854,150 |   |   | 7,804,012 |   |   |   |   |
|   during the period - basic and diluted         |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Aspire Japan, Inc.                                      |            |
|---------------------------------------------------------|-----------------|
| (A Development Stage Company)                           |            |
| CONDENSED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)   |            |
| From inception (February 2, 2005) through July 31, 2009 |            |
| (Unaudited)                                             |            |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                    |            |   |   |   |   |   |   |   | Accumulated |   |   |   |   |   |
|                                                    | Preferred Stock |   | Common Stock |   |   |   | Additional |   | Deficit During |   | Other |   | Total |   |
|                                                    | Shares          | Par | Shares |   | Par |   | Paid InCapital |   | Development Stage |   | ComprehensiveIncome (Loss) |   | Equity |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued in exchange                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of incorporation expenses                               |            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| February 2, 2005                                        |            | - | $ | - |   | 100,000 |   | $ | 100 |   | $ | - |   | $ | - |   | $ | - |   | $ | 100 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the period                                 |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| February 2, 2005 (inception)                            |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| to January 31, 2006                                     |            |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,225 | ) |   | - |   |   | (2,225 | ) |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 31, 2006                               |            | - |   | - |   | 100,000 |   |   | 100 |   |   | - |   |   | (2,225 | ) |   | - |   |   | (2,125 | ) |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| September 15, 2006 at $0.001                            |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                        |            | - |   | - |   | 6,700,000 |   |   | 6,700 |   |   | - |   |   | - |   |   | - |   |   | 6,700 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| November 6, 2006 at $1.00                               |            | - |   | - |   | 275,000 |   |   | 275 |   |   | 274,725 |   |   | - |   |   | - |   |   | 275,000 |   |
| per share from private placement                        |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                    |            | - |   | - |   | - |   |   | - |   |   | 7,000 |   |   | - |   |   | - |   |   | 7,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                |            | - |   | - |   | - |   |   | - |   |   | - |   |   | (37,393 | ) |   | - |   |   | (37,393 | ) |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 31, 2007                               |            | - |   | - |   | 7,075,000 |   |   | 7,075 |   |   | 281,725 |   |   | (39,618 | ) |   | - |   |   | 249,182 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 16, 2007 at $1.00                                 |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                        |            | - |   |   |   | 20,000 |   |   | 20 |   |   | 19,980 |   |   | - |   |   | - |   |   | 20,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 18, 2007 at $1.00                                 |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                        |            | - |   |   |   | 10,000 |   |   | 10 |   |   | 9,990 |   |   | - |   |   | - |   |   | 10,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 19, 2007 at $1.00                                 |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                        |            | - |   |   |   | 15,000 |   |   | 15 |   |   | 14,985 |   |   | - |   |   | - |   |   | 15,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 20, 2007 at $1.00                                 |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                        |            | - |   |   |   | 30,000 |   |   | 30 |   |   | 29,970 |   |   | - |   |   | - |   |   | 30,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 25, 2007 at $1.00                                 |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                        |            | - |   |   |   | 260,000 |   |   | 260 |   |   | 259,740 |   |   | - |   |   | - |   |   | 260,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 26, 2007 at $1.00                                 |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                        |            | - |   |   |   | 100,000 |   |   | 100 |   |   | 99,900 |   |   | - |   |   | - |   |   | 100,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for services in                            |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 2007 at $1.00                                     |            | - |   |   |   | 100,000 |   |   | 100 |   |   | 99,900 |   |   |   |   |   | - |   |   | 100,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued in exchange                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| for legal expenses                                      |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| June 30, 2007 at $1.00                                  |            | - |   |   |   | 50,000 |   |   | 50 |   |   | 49,950 |   |   | - |   |   | - |   |   | 50,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                    |            | - |   |   |   | - |   |   | - |   |   | 51,000 |   |   | - |   |   | - |   |   | 51,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the year                                   |            | - |   |   |   | - |   |   | - |   |   | - |   |   | (2,108,895 | ) |   | - |   |   | (2,108,895 | ) |
| ended January 31, 2008                                  |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                              |            | - |   |   |   | - |   |   | - |   |   | - |   |   | - |   |   | (5,139 | ) |   | (5,139 | ) |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,114,034 | ) |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 31, 2008                               |            | - |   | - |   | 7,660,000 |   |   | 7,660 |   |   | 917,140 |   |   | (2,148,513 | ) |   | (5,139 | ) |   | (1,228,852 | ) |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                    |            | - |   | - |   | - |   |   | - |   |   | 90,000 |   |   | - |   |   | - |   |   | 90,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conversion on notes payable                             |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  and accrued interest to                           |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  common stock at $3.00 per share                   |            | - |   | - |   | 194,150 |   |   | 194 |   |   | 582,256 |   |   | - |   |   | - |   |   | 582,450 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the year                                   |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ended January 31, 2009                                  |            | - |   | - |   | - |   |   |   |   |   | - |   |   | (1,282,167 | ) |   |   |   |   | (1,282,167 | ) |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                              |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 61 |   |   | 61 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,282,106 | ) |
| Balance January 31, 2009                                |            | - | $ | - |   | 7,854,150 |   | $ | 7,854 |   | $ | 1,589,396 |   | $ | (3,430,680 | ) | $ | (5,078 | ) | $ | (1,838,508 | ) |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                    |            | - |   | - |   | - |   |   | - |   |   | 45,000 |   |   | - |   |   | - |   |   | 45,000 |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the six months                             |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ended July 31, 2009                                     |            | - |   | - |   | - |   |   |   |   |   | - |   |   | (103,354 | ) |   |   |   |   | (103,354 | ) |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                              |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
|                                                    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (103,354 | ) |
| Balance July 31, 2009                                   |            | - | $ | - |   | 7,854,150 |   | $ | 7,854 |   | $ | 1,634,396 |   | $ | (3,534,034 | ) | $ | (5,078 | ) | $ | (1,896,862 | ) |

----

|                               |   Aspire Japan, Inc. |
|------------------------------------|--------------------------------|
| (A Development Stage Company)      |
| CONDENSED STATEMENTS OF CASH FLOWS |
| (Unaudited)                        |
|                               |

|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
|------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   | For the period                                                                                                                                          |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   | February 2, 2005                                                                                                                                        |
|                                                                         |                                                                                                                 |   | For The Six Months ended July 31,                                                                                                                                         |   |                                                                                                         | (inception) to |
|                                                                         |                                                                                                                 |   | 2009                                                                                                                                                                      |   |                                                                                                         |           | 2008                                                                                                                                                          |                                                                                                   |   | July 31, 2009                                                                                                                                           |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Cash Flows From Operating Activities:                                        |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Net Loss                                                                     |                                                                                                                 | $      |               (103,354)                                                                             |   |                                                                                                         | $              |            (561,249)                                                                                   |                                                                                                   | $      |          (3,534,034)                                                                                       |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
|   Adjustments to reconcile net loss to net cash used in operations |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
|     In-kind contribution                                 |                                                                                                                 |   |                    45,000                                                  |   |                                                                                                         |           |                  45,000                                                  |                                                                                                   |   |               193,000                                                             |
|     Stock issued for incorporation expense               |                                                                                                                 |   |                           -             |   |                                                                                                         |           |                         -             |                                                                                                   |   |                     100                             |
|     Stock issued for services                            |                                                                                                                 |   |                           -             |   |                                                                                                         |           |                         -             |                                                                                                   |   |               150,000                                                             |
|      Impairment of property and equipment           |                                                                                                                 |   |                           -             |   |                                                                                                         |           |                         -             |                                                                                                   |   |                   2,388                                       |
|     Depreciation                                         |                                                                                                                 |   |                           -             |   |                                                                                                         |           |                      799                             |                                                                                                   |   |                   2,429                                       |
|   Changes in operating assets and liabilities:                     |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
|    (Increase)/Decrease in Deposits                            |                                                                                                                 |   |                        (475)                           |   |                                                                                                         |           |                    7,757                                       |                                                                                                   |   |                    (475)                                 |
|    (Increase)/Decrease in Prepaid Expenses                    |                                                                                                                 |   |                   (11,520)                                                      |   |                                                                                                         |           |                    2,726                                       |                                                                                                   |   |                (11,520)                                                      |
| Increase/ (Decrease) in Accounts Payable and Accrued Expenses      |                   (25,868) |   |                                                                                                                                                                      |   |                  22,194 |           |                                                                                                                                                          |                 27,262 |
|    Increase/ (Decrease) in  Accrued Interest        |                                                                                                                 |   |                    27,976                                                  |   |                                                                                                         |           |                  36,060                                                  |                                                                                                   |   |               116,636                                                             |
|    Increase in  Accrued Severance                   |                                                                                                                 |   |                           -             |   |                                                                                                         |           |                312,889                                                             |                                                                                                   |   |            1,442,317                                                                             |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Net Cash Used In Operating Activities                                        |                                                                                                                 |   | (68,241)                                                                                                                                                                  |   |                                                                                                         |           |               (133,824)                                                                 |                                                                                                   |   | (1,611,897)                                                                                                                                             |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Cash Flows From Investing Activities:                                        |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
|    Cash paid for Property, Plant, &  Equipment  |                                                                                                                 |   |                             - |   |                                                                                                         |           |                           - |                                                                                                   |   |                  (4,817)                                           |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Net Cash Used In Investing Activities                                        |                                                                                                                 |   |                             - |   |                                                                                                         |           |                           - |                                                                                                   |   |                  (4,817)                                           |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Cash Flows From Financing Activities:                                        |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Proceeds from Note Payable                                                   |                                                                                                                 |   |                    93,770                                                  |   |                                                                                                         |           |                  85,950                                                  |                                                                                                   |   |               873,881                                                             |
| Repayment of Note Payable - related party                                    |                                                                                                                 |   |                   (45,000)                                                      |   |                                                                                                         |           |                 (77,500)                                                      |                                                                                                   |   |              (562,504)                                                                 |
| Proceeds from Note Payable - related party                                   |                                                                                                                 |   |                    20,010                                                  |   |                                                                                                         |           |                100,160                                                             |                                                                                                   |   |               594,966                                                             |
| Proceeds from Common Stock issuance                                          |                                                                                                                 |   |                           -             |   |                                                                                                         |           |                           - |                                                                                                   |   |               716,700                                                             |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Net Cash Provided by Financing Activities                                    |                                                                                                                 |   |                    68,780                                                  |   |                                                                                                         |           |                108,610                                                             |                                                                                                   |   |            1,623,043                                                                             |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Net In(de)crease in Cash                                                     |                                                                                                                 |   |                         539                       |   |                                                                                                         |           |                 (25,214)                                                      |                                                                                                   |   |                   6,329                                       |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Effect of Exchange Rate on Cash                                              |                                                                                                                 |   |                             - |   |                                                                                                         |           |                        61                  |                                                                                                   |   |                  (5,078)                                           |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Cash at Beginning of Period                                                  |                                                                                                                 |   |                         712                       |   |                                                                                                         |           |                  27,884                                                  |                                                                                                   |   |                          - |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Cash at End of Period                                                        |                                                                                                                 | $      | 1,251                                                                                                                                                                     |   |                                                                                                         | $              | 2,731                                                                                                                                                         |                                                                                                   | $      |  1,251                                                                                                                                             |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Supplemental disclosure of cash flow information:                            |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Cash paid for interest                                                       |                                                                                                                 | $      | -                                                                                                                                                                         |   |                                                                                                         | $              | 516                                                                                                                                                           |                                                                                                   | $      |         516                                                                                                     |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |
| Cash paid for taxes                                                          |                                                                                                                 | $      | -                                                                                                                                                                         |   |                                                                                                         | $              | -                                                                                                                                                             |                                                                                                   | $      |  -                                                                                                                                                 |
|                                                                         |                                                                                                                 |   |                                                                                                                                                                      |   |                                                                                                         |           |                                                                                                                                                          |                                                                                                   |   |                                                                                                                                                    |

|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| In March 2008 the Company converted a total of $542,573 of notes payable and accrued interest of $39,877 into 194,150 shares of common stock. |
| ($3.00 per share)                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

----

----

| 1.   | August 29, 2008, 50 Million Japanese Yen (Approximately $454,545) |
|----------------|-------------------------------------------------------------------|

| 2.   | September 12, 2008, 50 Million Japanese Yen (Approximately $454,545) |
|----------------|----------------------------------------------------------------------|

| 3.   | September 30, 2008, 200 Million Japanese Yen (Approximately $1,818,182) |
|----------------|-------------------------------------------------------------------------|

| 4.   | October 31, 2008, 300 Million Japanese Yen (Approximately $2,727,273) |
|----------------|-----------------------------------------------------------------------|

| 1.   | August 29, 2008, 200 Million Japanese Yen (Approximately $1,818,182) |
|----------------|----------------------------------------------------------------------|

| 2.   | September 30, 2008, 400 Million Japanese Yen (Approximately $3,636,354) |
|----------------|-------------------------------------------------------------------------|

| 3.   | October 31, 2008, 1 Billion Japanese Yen (Approximately $9,090,909) |
|----------------|---------------------------------------------------------------------|

----

----

----

----

| Marketing Materials |   | $      | 50,000  |   |
|--------------------------|--------|--------|---------|--------|
| Legal/Accounting         |   | $      | 75,000  |   |
| General/Administrative   |   | $      | 100,000 |   |
| Total               |   | $      | 225,000 |   |
|                     |   |   |    |   |

----

| 1.   | August 29, 2008, 50 Million Japanese Yen (Approximately $454,545)       |
|----------------|-------------------------------------------------------------------------|
|           |                                                                    |
| 2.   | September 12, 2008, 50 Million Japanese Yen (Approximately $454,545)    |
|           |                                                                    |
| 3.   | September 30, 2008, 200 Million Japanese Yen (Approximately $1,818,182) |
|           |                                                                    |
| 4.   | January 31, 2009, 300 Million Japanese Yen (Approximately $2,727,273)   |

----

| 1.   | August 29, 2008, 200 Million Japanese Yen (Approximately $1,818,182)    |
|----------------|-------------------------------------------------------------------------|
|           |                                                                    |
| 2.   | September 30, 2008, 400 Million Japanese Yen (Approximately $3,636,354) |
|           |                                                                    |
| 3.   | January 31, 2009, 1 Billion Japanese Yen (Approximately $9,090,909)     |

----

----

----

|                           | ASPIRE JAPAN, INC. |
|--------------------------------|--------------------|
|                           |               |
| Date: September 16, 2009  | By:      | /s/ Ken Osako |
|                           |               | Ken Osako |
|                           |               | President, Chief Executive Officer,Chief Financial Officer |

----