**UNITED
      STATES SECURITIES AND EXCHANGE COMMISSION**


**WASHINGTON,
      D.C. 20549**


__________________________





**FORM
      10-QSB/A**


__________________________





Quarterly
      Report Pursuant to Section 13 or 15 (D) of the Securities Act of
      1934


for
      the
      quarterly period ended: March 31, 2007





**Commission
      File number:** 333-140320





**___________________________**





**GLOBAL
      ADVANCE CORP.**


(Exact
      name of small business issuer as specified in its charter) ****





**Delaware**


(State
      or
      other jurisdiction of Incorporation or organization)





98-0513637 ****


(IRS
      Employee Identification No.)





**Oren
      Rozenberg**


**Global
      Advance Corp.**


Geva
      Street 13/10


Netanya,
      Jerusalem 42319


Tel:
      01197298346829


(Address
      of principal executive offices)








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 and 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 o




Due
      to our limited assets and start-up operations, we
      are currently a "shell company" (as defined in Rule 12b-2 of the Exchange
      Act).


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


Indicate
      the number of shares outstanding of each of the issuer's classes of common
      stock, as of the latest practicable date:





Common
      Stock, $0.0001 par value


(Class)   2,000,000
      Shares Outstanding as of June 18, 2007)










**GLOBAL
      ADVANCE CORP.**


**Form
      10-QSB**





**Index**




Part
                  I - FINANCIAL INFORMATION
              PageItem
                  1. Financial Statements (Unaudited)
              3Balance
                  Sheet
              F-2Statements
                  of Operations
              F-3Statements
                  of Cash Flows
              F-4Notes
                  to Financial Statements
              F-5Item
                  2 Management’s Discussion and Analysis or Plan of Operation
              4Item
                  3 Control and Procedures
              8Part
                  II. OTHER INFORMATIONItem
                  1. Legal Proceedings
              9Item
                  2. Changes in Securities
              9Item
                  3. Defaults Upon Senior Securities
              9Item
                  4. Submission Of Matters To A Vote of Security Holders
              9Item
                  5. Other Information
              9Item
                  6. Exhibits and Reports on Form 8 -K
              9Signatures
              10Certifications
              11





2




**Part
      I:**   **Financial
      Information**





**Item
      1.**   **Financial
      Statements**





**GLOBAL
      ADVANCE CORP.**


**(A
      DEVELOPMENT STAGE COMPANY)**


**INDEX
      TO INTERIM FINANCIAL STATEMENTS**


**MARCH
      31, 2007**


**(UNAUDITED)**


Financial
                  Statements-Balance
                  Sheet as ofMarch
                  31, 2007
              F-2Statements
                  of Operations for the Period EndedMarch
                  31, 2007, and Cumulative from Inception
              F-3Statements
                  of Cash Flows for the Period Ended March 31, 2007,and
                  Cumulative from Inception
              F-4Notes
                  to Financial Statements March 31, 2007
              F-5


3
  **GLOBAL
        ADVANCE CORP.**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **BALANCE
            SHEET (NOTE 2)**
 **AS
            OF MARCH 31, 2007**
 **(Unaudited)**


**ASSETS****2007****Current
                  Assets:**Cash
                  in bank
              
              $
              220Total
                  current assets
              
              
              220**Other
                  Assets:**Patent
                  pending
              
              
              15,560Deferred
                  offering costs
              
              
              25,500Total
                  other assets
              
              
              41,060**Total
                  Assets**
              
              $
              41,280**LIABILITIES
                  AND STOCKHOLDERS' (DEFICIT)****Current
                  Liabilities:**Accrued
                  liabilities
              
              $
              5,750Loans
                  from related parties - Directors and stockholders
              
              
              59,800Total
                  current liabilities
              
              
              65,550Total
                  liabilities
              
              
              65,550**Commitments
                  and Contingencies****Stockholders'
                  (Deficit):**Common
                  stock, par value $.0001 per share, 50,000,000 sharesauthorized;
                  2,000,000 shares issued and outstanding
              
              
              200(Deficit)
                  accumulated during the development stage
              
              
              (24,470
              )Total
                  stockholders' (deficit)
              
              
              (24,270
              )**Total
                  Liabilities and Stockholders' (Deficit)**
              
              $
              41,280





The
      accompanying notes to financial statements


are
      an
      integral part of this balance sheet.





F-2


**GLOBAL
                  ADVANCE CORP.****(A
                  DEVELOPMENT STAGE COMPANY)****STATEMENTS
                  OF OPERATIONS (NOTE 2)****FOR
                  THE PERIOD ENDED MARCH 31, 2007,****AND
                  CUMULATIVE FROM INCEPTION (OCTOBER 23, 2006)****THROUGH
                  MARCH 31, 2007****(Unaudited)**
  **Period
                  Ended**
              
              **Cumulative****March
                  31,**
              
              **From****2007**
              
              **Inception****Revenues**
              
              
              
              $
                  -
              
              $
                  -**Expenses:**General
                  and administrative-Legal
                  fees - incorporation
              
              
              
              
              
              -
              
              
              1,500Professional
                  fees
              
              
              
              
              
              16,703
              
              
              20,603Other
              
              
              
              
              
              1,779
              
              
              2,367Total
                  general and administrative expenses
              
              
              
              
              
              18,482
              
              
              24,470**(Loss)
                  from Operations**
              
              
              
              
              
              (18,482
              )
              
              (24,470
              )**Other
                  Income (Expense)**
              
              
              
              
              
              -
              
              
              -**Provision
                  for income taxes**
              
              
              
              
              
              -
              
              
              -**Net
                  (Loss)**
              
              
              
              
              $
              (18,482
              )
              $
              (24,470
              )**(Loss)
                  Per Common Share:**(Loss)
                  per common share - Basic and Diluted
              
              
              
              
              $
              (0.01
              )**Weighted
                  Average Number of Common Shares****Outstanding
                  - Basic and Diluted**
              
              
              
              
              
              2,000,000





The
      accompanying notes to financial statements are


an
      integral part of these statements.




F-3


**GLOBAL
                  ADVANCE CORP.****(A
                  DEVELOPMENT STAGE COMPANY)****STATEMENTS
                  OF CASH FLOWS (NOTE 2)****FOR
                  THE PERIOD ENDED MARCH 31, 2007,****AND
                  CUMULATIVE FROM INCEPTION (OCTOBER 23, 2006)****THROUGH
                  MARCH 31, 2007****(Unaudited)**
  **Period
                  Ended**
              
              **Cumulative****March
                  31,**
              
              **From****2007**
              
              **Inception****Operating
                  Activities:**Net
                  (loss)
              
              $
              (18,482
              )
              $
              (24,470
              )Adjustments
                  to reconcile net (loss) to net cashprovided
                  by operating activities:Changes
                  in net liabilities-Accrued
                  liabilities
              
              
              (6,000
              )
              
              5,750**Net
                  Cash (Used in) Operating Activities**
              
              
              (24,482
              )
              
              (18,720
              )**Investing
                  Activities:**Acquisition
                  and costs of patent pending
              
              
              -
              
              
              (15,560
              )**Net
                  Cash (Used in) Investing Activities**
              
              
              -
              
              
              (15,560
              )**Financing
                  Activities:**Issuance
                  of common stock for cash
              
              
              -
              
              
              200Deferred
                  offering costs
              
              
              (15,500
              )
              
              (25,500
              )Loans
                  from related parties - Directors and stockholders
              
              
              40,000
              
              
              59,800Loan
                  from third-party entity related to consultant
              
              
              -
              
              
              15,000Repayment
                  of loan from third-party entity related to consultant
              
              
              -
              
              
              (15,000
              )**Net
                  Cash Provided by Financing Activities**
              
              
              24,500
              
              
              34,500**Net
                  Increase in Cash**
              
              
              18
              
              
              220**Cash
                  - Beginning of Period**
              
              
              202
              
              
              -**Cash
                  - End of Period**
              
              $
              220
              
              $
              220**Supplemental
                  Disclosure of Cash Flow Information:**Cash
                  paid during the period for:Interest
              
              $
              -
              
              $
              -Income
                  taxes
              
              $
              -
              
              $
              -




The
      accompanying notes to financial statements are


an
      integral part of these statements.





F-4


**GLOBAL
        ADVANCE CORP.**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **MARCH
        31, 2007**
 **(Unaudited)**


**(1)**  **Summary
      of Significant Accounting Policies**





*Basis
      of Presentation and Organization*





Global
      Advance Corp. (“Global Advance” or the “Company”) is a Delaware corporation in
      the development stage and has not commenced operations. The Company was
      incorporated under the laws of the State of Delaware on October 23, 2006. The
      business plan of the Company is to develop a commercial application of a
      prototype utilizing the design in a patent pending of a “two-foot operated
      mouse” which is a device intended to provide alternate access to all
      computer-related mouse functionality through the use of one’s feet, rather than
      one’s hands. The Company also intends to enhance the existing prototype, obtain
      approval of its patent application, and manufacture and market the product
      and/or seek third party entities interested in licensing the rights to
      manufacture and market the two-foot operating mouse device. The accompanying
      financial statements of Global Advance were prepared from the accounts of the
      Company under the accrual basis of accounting.





The
      Company has commenced a capital formation activity to submit a Registration
      Statement on Form SB-2 to the Securities and Exchange Commissions (“SEC”) to
      register and sell in a self-directed offering 1,000,000 shares of newly issued
      common stock at an offering price of $0.10 for proceeds of up to $100,000.
      On
      January 30, 2007, the Company completed the preparation of its registration
      document, and filed it with the SEC. The registration statement was declared
      effective on April 13, 2007.




*Unaudited
      Interim Financial Statements*





The
      interim financial statements as of March 31, 2007, and for the period then
      ended, and cumulative from inception are unaudited. However, in the opinion
      of
      management, the interim consolidated financial statements include all
      adjustments, consisting only of normal recurring adjustments, necessary to
      present fairly the Company’s financial position as of March 31, 2007, and the
      results of its operations and its cash flows for the period ended March 31,
      2007, and cumulative from inception. These results are not necessarily
      indicative of the results expected for the calendar year ending December 31,
      2007. The accompanying financial statements and notes thereto do not reflect
      all
      disclosures required under accounting principles generally accepted in the
      United States. Refer to the Company’s audited financial statements contained in
      its Registration Statement on Form SB-2 as of December 31, 2006, for additional
      information, including significant accounting policies.




*Cash
      and Cash Equivalents*





For
      purposes of reporting within the statement of cash flows, the Company considers
      all cash on hand, cash accounts not subject to withdrawal restrictions or
      penalties, and all highly liquid debt instruments purchased with a maturity
      of
      three months or less to be cash and cash equivalents.





F-5


**GLOBAL
        ADVANCE CORP.**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **MARCH
        31, 2007**
 **(Unaudited)**


*Revenue
      Recognition*





The
      Company is in the development stage and has yet to realize revenues from
      operations. Once the Company has commenced operations, it will recognize
      revenues when delivery of goods or completion of services has occurred provided
      there is persuasive evidence of an agreement, acceptance has been approved
      by
      its customers, the fee is fixed or determinable based on the completion of
      stated terms and conditions, and collection of any related receivable is
      probable.




*Loss
      per Common Share*





Basic
      loss per share is computed by dividing the net loss attributable to the common
      stockholders by the weighted average number of shares of common stock
      outstanding during the period. Fully diluted loss per share is computed similar
      to basic loss per share except that the denominator is increased to include
      the
      number of additional common shares that would have been outstanding if the
      potential common shares had been issued and if the additional common shares
      were
      dilutive. There were no dilutive financial instruments issued or outstanding
      for
      the period ended March 31, 2007.




*Income
      Taxes*





The
      Company accounts for income taxes pursuant to SFAS No. 109, *Accounting
      for Income Taxes* (“SFAS
      109”). Under SFAS 109, deferred tax assets and liabilities are determined based
      on temporary differences between the bases of certain assets and liabilities
      for
      income tax and financial reporting purposes. The deferred tax assets and
      liabilities are classified according to the financial statement classification
      of the assets and liabilities generating the differences.





The
      Company maintains a valuation allowance with respect to deferred tax assets.
      The
      Company establishes a valuation allowance based upon the potential likelihood
      of
      realizing the deferred tax asset and taking into consideration the Company’s
      financial position and results of operations for the current period. Future
      realization of the deferred tax benefit depends on the existence of sufficient
      taxable income within the carryforward period under the Federal tax
      laws.





Changes
      in circumstances, such as the Company generating taxable income, could cause
      a
      change in judgment about the realizability of the related deferred tax asset.
      Any change in the valuation allowance will be included in income in the year
      of
      the change in estimate.





*Fair
      Value of Financial Instruments*





The
      Company estimates the fair value of financial instruments using the available
      market information and valuation methods. Considerable judgment is required
      in
      estimating fair value. Accordingly, the estimates of fair value may not be
      indicative of the amounts the Company could realize in a current market
      exchange. As of March 31, 2007, the carrying value of accrued liabilities,
      and
      loans from directors and stockholders approximated fair value due to the
      short-term nature and maturity of these instruments.




F-6


**GLOBAL
        ADVANCE CORP.**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **MARCH
        31, 2007**
 **(Unaudited)**




*Patent
      and Intellectual Property*





The
      Company capitalizes the costs associated with obtaining a Patent or other
      intellectual property associated with its intended business plan. Such costs
      are
      amortized over the estimated useful lives of the related assets.




*Deferred
      Offering Costs*





The
      Company defers as other assets the direct incremental costs of raising capital
      until such time as the offering is completed. At the time of the completion
      of
      the offering, the costs are charged against the capital raised. Should the
      offering be terminated, deferred offering costs are charged to operations during
      the period in which the offering is terminated.





*Concentration
      of Risk*





As
      of
      March 31, 2007, the Company maintained its cash account at one commercial bank.
      The balance in the account was not subject to significant risk of
      loss.





*Impairment
      of Long-Lived Assets*





The
      Company evaluates the recoverability of long-lived assets and the related
      estimated remaining lives when events or circumstances lead management to
      believe that the carrying value of an asset may not be recoverable. For the
      period ended March 31, 2007, no events or circumstances occurred for which
      an
      evaluation of the recoverability of long-lived assets was required.





*Common
      Stock Registration Expenses*





The
      Company considers incremental costs and expenses related to the registration
      of
      equity securities with the SEC, whether by contractual arrangement as of a
      certain date or by demand, to be unrelated to original issuance transactions.
      As
      such, subsequent registration costs and expenses are expensed as
      incurred.





*Estimates*





The
      financial statements are prepared on the basis of accounting principles
      generally accepted in the United States. The preparation of financial statements
      in conformity with generally accepted accounting principles requires management
      to make estimates and assumptions that affect the reported amounts of assets
      and
      liabilities as of March 31, 2007, and expenses for the period ended March 31,
      2007, and cumulative from inception. Actual results could differ from those
      estimates made by management.





**(2)**  **Development
      Stage Activities and Going Concern**





The
      Company is currently in the development stage, and has no operations. The
      business plan of the Company is to develop a commercial application of a
      prototype utilizing the design in a patent pending of a “two-foot operated
      mouse” which is a device intended to provide alternate access to all
      computer-related mouse functionality through the use of one’s feet, rather than
      one’s hands. The Company also intends to enhance the existing prototype, obtain
      approval of its patent application, and manufacture and market the product
      and/or seek third party entities interested in licensing the rights to
      manufacture and market the two-foot operating mouse device.




F-7


**GLOBAL
        ADVANCE CORP.**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **MARCH
        31, 2007**
 **(Unaudited)**




On
      November 28, 2006, the Company entered into an Invention Assignment Agreement
      with IdeaPlus Ltd., an Israeli company located in Ramat Gan, Israel, whereby
      the
      Company acquired from IdeaPlus Ltd. all of the right, title and interest in
      the
      invention known as the “Two-foot Operated Mouse” for consideration of $10,000.
      Subsequently, the invention became the subject of United States Patent
      Application 11/614,150 which was filed with the United States Patent and
      Trademark Office on December 21, 2006. Currently, the Patent Application is
      pending.





The
      Company commenced a capital formation activity to submit a Registration
      Statement on Form SB-2 to the SEC to register and sell in a self-directed
      offering 1,000,000 shares of newly issued common stock at an offering price
      of
      $0.10 per share for proceeds of up to $100,000. As of May 15, 2007, the Company
      had completed its registration document and filing with the SEC, and continued
      with its capital formation activity. The effective date of the Registration
      Statement was April 13, 2007.





The
      accompanying financial statements have been prepared in conformity with
      accounting principles generally accepted in the United States of America, which
      contemplate continuation of the Company as a going concern. The Company has
      not
      established any source of revenue to cover its operating costs, and as such,
      has
      incurred an operating loss since inception. Further, as of March 31, 2007,
      the
      cash resources of the Company were insufficient to meet its current business
      plan, and the Company had negative working capital. These and other factors
      raise substantial doubt about the Company’s ability to continue as a going
      concern. The accompanying financial statements do not include any adjustments
      to
      reflect the possible future effects on the recoverability and classification
      of
      assets or the amounts and classification of liabilities that may result from
      the
      possible inability of the Company to continue as a going concern.





**(3)**  **Patent
      Pending**





On
      November 28, 2006, the Company entered into an Invention Assignment Agreement
      (the “Invention Agreement”) with IdeaPlus Ltd. (“IdeaPlus”), an Israeli company
      located in Ramat Gan, Israel, whereby the Company acquired from IdeaPlus all
      of
      the right, title and interest in the invention known as the “Two-foot Operated
      Mouse” (the “Invention”) for consideration of $10,000. Under the terms of the
      Invention Agreement, the Company was assigned rights to the Invention free
      of
      any liens, claims, royalties, licenses, security interests or other
      encumbrances. IdeaPlus initially obtained the Invention directly from the
      inventor. Neither IdeaPlus nor the inventor of the Invention is an officer
      or
      director of the Company, or an investor or promoter of such. Subsequently,
      the
      Invention became the subject of United States Patent Application 11/614,150
      which was filed with the United States Patent and Trademark Office on December
      21, 2006. Currently, the Patent Application is pending. The historical cost
      of
      obtaining the Invention and filing for the patent has been capitalized by the
      Company, and amounted to $15,560 as of March 31, 2007. If the Patent is granted
      to the Company, the historical cost of the Patent will be amortized over its
      useful life, which is estimated to be 17 years.




F-8


**GLOBAL
        ADVANCE CORP.**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **MARCH
        31, 2007**
 **(Unaudited)**


**(4)**  **Loans
      from Related Parties - Directors and Stockholders**





As
      of
      March 31, 2007, loans from related parties - Directors and stockholders amounted
      to $59,800, and represented working capital advances from two Directors who
      are
      also stockholders of the Company. The loans are unsecured, non-interest bearing,
      and due on demand.





**(5)**  **Common
      Stock**





On
      December 22, 2006, the Company issued 2,000,000 shares of its common stock
      to
      two individuals who are Directors and officers for proceeds of
      $200.




The
      Company commenced a capital formation activity to submit a Registration
      Statement on Form SB-2 to the SEC to register and sell in a self-directed
      offering 1,000,000 shares of newly issued common stock at an offering price
      of
      $0.10 per share for proceeds of up to $100,000. As of March 31, 2007, the
      Company had incurred $25,500 of deferred offering costs related to this capital
      formation activity.





**(6)**  **Related
      Party Transactions**





As
      described in Note 4, as of March 31, 2007, the Company owed $59,800 to two
      individuals who are Directors, officers, and principal stockholders of the
      Company for working capital loans.





**(7)**  **Commitments**





The
      Company has a verbal commitment with a third-party consultant to provide
      financial and capital formation services for which the management of the Company
      has agreed to pay approximately $5,000 per calendar quarter, plus out-of-pocket
      expenses, commencing in the year 2007. During the period ended December 31,
      2006, the Company borrowed $15,000 from an entity affiliated with this
      consultant for working capital to commence its organizational, patent
      application, and capital formation activities. The amount borrowed was repaid
      before December 31, 2006. For the period ended March 31, 2007, fees amounting
      to
      $11,500 were paid to the third-part consultant.





On
      December 6, 2006, the Company entered into an agreement with Nevada Agency
&
Trust Company for transfer agent services. For the period ended March 31, 2007,
      transfer agent fees amounted to $167.





**(8)**  **Recent
      Accounting Pronouncements**




In
      March
      2006, the FASB issued SFAS No. 156, *“Accounting
      for Servicing of Financial Assets,”* (“SFAS
      No. 156”), which amends SFAS No. 140, *”
      Accounting for Transfers and Servicing of Financial Assets and Extinguishments
      of Liabilities.* ”
In
      a
      significant change to current guidance, SFAS No. 156 permits an entity to choose
      either of the following subsequent measurement methods for each class of
      separately recognized servicing assets and servicing liabilities: (1)
      Amortization Method or (2) Fair Value Measurement Method. SFAS No. 156 is
      effective as of the beginning of an entity’s first fiscal year that begins after
      September 15, 2006. The Company does not expect the adoption of this
      pronouncement to any impact on its financial statements.




F-9


**GLOBAL
        ADVANCE CORP.**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **MARCH
        31, 2007**
 **(Unaudited)**




In
      June
      2006, the FASB issued SFAS Board Interpretation No. 48, “ *Accounting
      for Uncertainty in Income Taxes - an Interpretation of FASB statement No.
      109* ”
(“FIN
      48”), which clarifies the accounting for uncertainty in income taxes recognized
      in an enterprise’s financial statements in accordance with FASB No. 109. The
      interpretation prescribes a recognition threshold and measurement attribute
      for
      the financial statement recognition and measurement of a tax position taken
      or
      expected to be taken in a tax return. This interpretation also provides guidance
      on derecognition, classification, interest and penalties, accounting in interim
      periods, disclosure, and transition. FIN 48 is effective for fiscal years
      beginning after December 15, 2006. Earlier application of the provisions of
      FIN
      48 is encouraged if the enterprise has not yet issued financial statements,
      including interim financial statements, in the period this Interpretation is
      adopted. The Company does not expect the adoption of this pronouncement to
      any
      impact on its financial statements.





In
      September 2006, the FASB issued SFAS No. 157, “ *Fair
      Value Measurements* .”
This
      statement defines fair value, establishes a framework for measuring fair value
      in generally accepted accounting principles, and expands disclosure about fair
      value measurements. This statement applies under other accounting pronouncements
      that require or permit fair value measurement, the FASB having previously
      concluded in those accounting pronouncement that fair value is the relevant
      measurement attribute. This statement does not require any new fair value
      measurements. However, for some entities, the application of the statement
      will
      change current practice. This statement is effective for financial statements
      issued for fiscal years beginning after November 15, 2007, and interim periods
      within those fiscal years. The Company does not expect the adoption of this
      pronouncement to have a material impact on its financial
      statements.





In
      September 2006, the FASB issued SFAS No. 158, “ *Employers’
      Accounting for Defined Benefit Pension and Other Postretirement Plans - an
      amendment of FASB Statements No. 87, 88, 106 and 132(R)* .”
This
      statement improves financial reporting by requiring an employer to recognize
      the
      overfunded or underfunded status of a defined benefit postretirement plan (other
      than a multi-employer plan) as an asset or liability in its statement of
      financial position and to recognize changes in that funded status in the year
      in
      which the changes occur through comprehensive income of a business entity or
      changes in unrestricted net assets for a not-for-profit organization. This
      statement also improves financial reporting by requiring an employer to measure
      the funded status of a plan as of the date of its year-end statement of
      financial position, with limited exceptions. The Company does not expect the
      adoption of this pronouncement to have any impact on its financial
      statements.




F-10


**GLOBAL
        ADVANCE CORP.**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **MARCH
        31, 2007**
 **(Unaudited)**


**(9)**  **Income
      Taxes**





The
      provision (benefit) for income taxes for the period ended March 31, 2007, was
      as
      follows (assuming a 15% effective tax rate):


**2007**Current
                  Tax Provision:Federal
                  and state-Taxable
                  income
              
              $
              -Total
                  current tax provision
              
              $
              -Deferred
                  Tax Provision:Federal
                  and state-Loss
                  carryforwards
              
              $
              2,772Change
                  in valuation allowance
              
              
              (2,772
              )Total
                  deferred tax provision
              
              $
              -





The
      Company had deferred income tax assets as of March 31, 2007, as
      follows:




**2007**Loss
                  carryforwards
              
              $
              3,672Less
                  - Valuation allowance
              
              
              (3,672
              )Total
                  net deferred tax assets
              
              $
              -




The
      Company provided a valuation allowance equal to the deferred income tax assets
      for the period ended March 31, 2007, because it is not presently known whether
      future taxable income will be sufficient to utilize the loss
      carryforwards.





As
      of
      March 31, 2007, the Company had approximately $24,470 in tax loss carryforwards
      that can be utilized in future periods to reduce taxable income, and expire
      in
      various years through the year 2027.




F-11




Item
      2.   Management’s
      Discussion and Analysis and Plan of Operations.


USE
      OF
      NAMES





In
      this
      interim report, the terms “Global Advance Corp.”, “Company”, “we”, or “our”,
      unless the context otherwise requires, mean Global Advance Corp. and its
      subsidiaries.





CAUTIONARY
      STATEMENT REGARDING FORWARD-LOOKING STATEMENTS





This
      interim report on Form 10-QSB and other reports that we file with the SEC
      contain statements that are considered forward-looking statements.
      Forward-looking statements give the Company’s current expectations, plans,
      objectives, assumptions or forecasts of future events. All statements other
      than
      statements of current or historical fact contained in this annual report,
      including statements regarding the Company’s future financial position, business
      strategy, budgets, projected costs and plans and objectives of management for
      future operations, are forward-looking statements. In some cases, you can
      identify forward-looking statements by terminology such as “anticipate,”
“estimate,” “plans,” “potential,” “projects,” “ongoing,” “expects,” “management
      believes,” “we believe,” “we intend,” and similar expressions. These statements
      are based on the Company’s current plans and are subject to risks and
      uncertainties, and as such the Company’s actual future activities and results of
      operations may be materially different from those set forth in the forward
      looking statements. Any or all of the forward-looking statements in this annual
      report may turn out to be inaccurate and as such, you should not place undue
      reliance on these forward-looking statements. The Company has based these
      forward-looking statements largely on its current expectations and projections
      about future events and financial trends that it believes may affect its
      financial condition, results of operations, business strategy and financial
      needs. The forward-looking statements can be affected by inaccurate assumptions
      or by known or unknown risks, uncertainties and assumptions due to a number
      of
      factors, including:


· dependence
      on key personnel;


· competitive
      factors;


· degree
      of
      success of research and development programs


· the
      operation of our business; and


· general
      economic conditions in the United States, Israel and China


These
      forward-looking statements speak only as of the date on which they are made,
      and
      except to the extent required by federal securities laws, we undertake no
      obligation to update any forward-looking statements to reflect events or
      circumstances after the date on which the statement is made or to reflect the
      occurrence of unanticipated events. In addition, we cannot assess the impact
      of
      each factor on our business or the extent to which any factor, or combination
      of
      factors, may cause actual results to differ materially from those contained
      in
      any forward-looking statements. All subsequent written and oral forward-looking
      statements attributable to the Company or persons acting on its behalf are
      expressly qualified in their entirety by the cautionary statements contained
      in
      this interim report.




4




**ABOUT
      OUR COMPANY**




We
      are a
      development stage company and currently own the technology for a two-foot
      operated mouse and its prototype. The related technology including the entire
      rights, title and interest in, including a working prototype of, the two-foot
      operated mouse was acquired by us from IdeaPlus Ltd on November 28, 2006.
      Subsequently, on December 21, 2006 we applied for a patent for the "two-foot
      operated mouse" (Patent Application No: 11/614,150 . The device is intended
      to
      assist those who are unable or prefer to use their feet to operate a computer
      by
      replacing a standard hand-controlled mouse device with a two-foot operated
      mouse
      which functions in the same way as a standard device, but is controlled by
      the
      user’s feet. Our principal business plan is to enhance the existing prototype,
      and, if and when we receive a patent for the device, we plan to manufacture
      and
      market the product and / or seek third party entities interested in licensing
      the rights to manufacture our product.




We
      were
      incorporated in Delaware on October 23, 2006. Our principal offices are located
      at Geva Street 13/10, Netanya, Israel 42319. Our telephone number is
      011972-9-8346829.




For
      the
      year ended December 31, 2006 we had a net loss of $(5,988) and for the three
      months ended March 31 2007 we had a net loss of $(18,482).




**Business
      Summary and Background**





Standard
      computer users use a hand-controlled mouse, a manually operated pointing device.
      Prolonged use of a manual mouse may cause injuries related to repetitive
      movement and strain. In some cases, where a user prefers or is unable to use
      this device, an alternate possibility is to use a foot-controlled device that
      will enable the user to perform the same operations on the computer. Typically,
      foot operated computer mice include foot-movement sensing pads, foot pedals,
      foot mice that require the use of only one foot, foot track rolls, etc. One
      pedal features a 360-degree pressure-sensitive mechanism, allowing the user
      to
      control both cursor speed and direction with one foot, while the other pedal
      is
      used as a clicking device. Even those products that are used by both feet are
      constructed so that the left and right pedals are equivalent to the left and
      right mouse buttons, providing all the functionality of a hand mouse. The
      present invention relates generally to foot-operated computer mice and more
      specifically, it relates to a two-foot operated mouse for controlling the
      movement of the cursor using both feet. We believe a positive function of a
      foot
      mouse as compared to a hand controlled mouse is that it could increase work
      productivity of the computer user because the user is able to maintain control
      of the cursor without having to take his/her fingers off of the
      keyboard.




A
      primary
      problem presented by conventional foot-operated computer mice is that they
      do
      not make use of both feet, resulting in the asymmetric use of one foot over
      another. Another problem with conventional foot operated computer mice is that
      they are expensive. We believe conventional foot operated computer mice limit
      foot movement of the
      user.
      That is to say that existing two foot products have one foot to control the
      cursor and one foot to serve as a clicking device. Our product provides a new
      two-foot operated computer mouse construction whereby the user has the ability
      to fully control the movement of a computer cursor using both feet
      simultaneously.




5




The
      present invention, as it was designed, generally includes a housing containing
      two rollers, two wheels, two shafts, two disks, two electronic sensors, and
      a
      processing chip, with a connecting cable for connecting the two-foot operated
      mouse to a central processing unit. The user places each foot on a roller and
      moves his feet back and forth, turning the rollers. The user can type and
      control the cursor, point and click, and drag and drop without taking hands
      off
      the keyboard. We believe that our foot operated mouse can help users avoid
      carpal tunnel syndrome and mouse-induced Repetitive Stress Injuries that are
      typically associated with desktop mice. By having a foot mouse as compared
      to a
      hand mouse, it eliminates stress typically placed on the wrist and elbow
      areas.




The
      company intends to enhance the rough prototype of this invention in order to
      either begin manufacturing and selling the invention, or licensing the
      technology to a third party for them to manufacture it. Partners that we believe
      may have an interest in our product may include any or all computer and/or
      software developers or companies that promote inventions that assist handicapped
      or partially impaired computer users. We have not yet approached or spoken
      with
      any such potential partners or licensees. We also intend to market our product
      to individuals so that they can install the device for personal use in homes
      and
      offices.




Third-party
      manufacturers.




We
      will
      rely on third parties to enhance our current prototype of our two-foot operated
      mouse device and to work with us to manufacture the product. If our
      manufacturing and distribution agreements are not satisfactory, we may not
      be
      able to develop or commercialize our device as planned. In addition, we may
      not
      be able to contract with third parties to manufacture our device in an
      economical manner. Furthermore, third-party manufacturers may not adequately
      perform their obligations, which may impair our competitive position. If a
      manufacturer fails to perform, we could experience significant time delays
      or we
      may be unable to commercialize or continue to market our two-foot operated
      mouse
      device. There are currently no discussions or other consideration being given
      to
      any third party manufacturers until we commence our raise of
      capital.




**Intellectual
      Property**




On
      November 28, 2006 we acquired from IdeaPlus, a private Israeli based company,
      the entire rights, title and interest in, including a rough working prototype
      of
      the two foot operating mouse. On December 21, 2006 we filed a patent application
      with the United States Patent and Trademark Office.




6


**Competition**




There
      are
      several competitors in the computer mouse sector, some of which include
      Logitech, Kensington and Microsoft all of whom offer mice and mouse product
      supplies. There are also several companies that offer a two-foot operated mouse
      such as Fentek Industries and Hunter Digital; however, we believe that we are
      unique in that either foot mouse can control both the cursor and the click
      button. We are not aware of any other company that has developed, manufactured
      or marketed a device of a similar nature whereby the two-foot operated mouse
      device offers such flexibility in operational control. Nevertheless, a large
      computer or hardware manufacturer that decides to compete with us would have
      greater access to capital and may be able to produce a product that is less
      expensive than ours or more effective, thus causing any potential sales of
      our
      product to decline.





**Employees**




Other
      than our current officers, Messrs Rozenberg and Steinberger, we have no other
      full-time or part-time employees. If and when we begin enhancing the prototype
      for our two-foot operated mouse device and are able to begin manufacturing
      and
      marketing, we may need additional employees for such operations. We do not
      foresee any significant changes in the number of employees or consultants we
      will have over the next twelve months.





**PLAN
      OF OPERATIONS**




**Liquidity,
      Capital Resources and Operations:**




During
      the year ended December 31 2006 and for the first three months ending March
      31
      2007, net cash provided by (used in) operating
      activities amounted to $5,762 and $(24,482), respectively. The Company
      incurred net losses of $5,988 and $18,482 for the year ended December 31 2006,
      and for the three months ended March 31 2007, respectively. Additionally, as
      of
      March 31 2007, Stockholders’ (Deficit) amounted to $24,270.





These
      factors raise substantial doubt about the Company’s ability to continue as a
      going concern. The Company anticipates that in order to fulfill its plan of
      operations, it will need to seek financing from outside sources.




**Results
      of Operations:**





**For
      the three months ended March 31 2007**




We
      have
      not generated any revenues since inception. General
      and administrative expenses were $18,482 for the three months ended March 31
      2007 mainly attributable to outside consulting and professional fees incurred
      for the related period. This amount was also the net loss for the period .




7




We
      have,
      in our history, not generated any income from operations, have incurred
      substantial expenses and have sustained losses. In addition, we expect to
      continue to incur significant operating expenses. We expect our operating
      expenses to increase as a result of our planned expansion.





The
      SEC
      approved the SB-2 filed for the registration of 1,000,000 shares to be offered
      to the Public, and the Company is now in the process of offering these shares
      to
      the public and raising equity of $100,000 accordingly.





**Inflation:**




The
      amounts presented in the financial statements do not provide for the effect
      of
      inflation on the Company’s operations or its financial position.





**Off-Balance
      Sheet Arrangements**





We
      do not
      have 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 that are material to investors.






**Item
      3.**   **Controls
      and Procedures**





Evaluation
      and Disclosure Controls and Procedures




As
      of the
      end of the period covered by this report, our management conducted an
      evaluation, under the supervision and with the participation of our chief
      executive officer and chief financial officer of the effectiveness of our
      disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e)
      under the Securities Exchange Act of 1934). Based on this evaluation, the
      officers concluded that our disclosure controls and procedures are effective
      to
      ensure that information required to be disclosed by our company in reports
      that
      we file or submit under the Securities Exchange Act of 1934 is recorded,
      processed, summarized and reported within the time periods specified in
      Commission rules and forms.





**Changes
      in Internal Controls over Financial Reporting**




Based
      on
      their evaluation as of the end of the period covered by this annual report
      on
      Form 10-KSB, our principal executive officer and principal financial officer
      concluded that our disclosure controls and procedures, as defined in Rule
      13a-15(e) promulgated under the Securities Exchange Act of 1924, were effective
      in design and operation. There have been no changes in our system of internal
      control over financial reporting in connection with the evaluation by our
      principal executive officer and principal financial officer
      during our most recent fiscal quarter that have materially affected, or are
      reasonably likely to materially affect, our internal control over financial
      reporting.




8





**Part
      II. Other Information**





**Item
      1.** **Legal
      Proceedings** .





Other
      than as set forth herein, we are not aware of any pending or threatened
      litigation against us that we expect will have a material adverse effect on
      our
      business, financial condition, liquidity, or operating results. However, legal
      claims are inherently uncertain and we cannot assure you that we will not be
      adversely affected in the future by legal proceedings.








**Item
      2.** **Changes
      In Securities**





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**




a. Exhibits:




EXHIBITNUMBER
            DESCRIPTION3.1(1)*
            Articles
                of Incorporation of the Company3.2
                (1)*
            By-Laws
                of the Company3.3
                (1)*
            Form
                of Common Stock Certificate of the Company10.1
                (1)*
            Acquisition
                of Patent/Technology rights to Global Advance
                Corporation




*  Incorporated
      by
      reference.




9





**Signatures**





Pursuant
      to the requirements of Section 13 or 15(d) 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 on this 18 th day of
      June, 2007.




**GLOBAL
                ADVANCE CORP.**
              (Registrant)By:/s/ Oren
                RozenbergOren
                RozenbergPresident
                and Chief Executive Officer




Pursuant
      to the requirements of the Securities Exchange Act of 1934, this report has
      been
      signed below by the following persons on behalf of the registrant and in the
      capacities and on the dates indicated:




**Signature**
            
            **Title**
            
            **Date**/s/
                  Oren
                  Rozenberg
              Oren
                Rozenberg
            
            President,
                CEO and Director
            
            June
                18, 2007/s/
                  Judah
                  Steinberger
              Judah
                Steinberger
            
            Chief
                Accounting (Financial) Officer
            
            June
                18, 2007




10