|   |
|--------|
| x      |
| x |
|---|

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

|   |
|--------|
|  ̈ |
|  ̈ |
|--------|

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

|                                                           |   |                                 |
|----------------------------------------------------------------|--------|--------------------------------------|
| Nevada                                                         |   | 14-1961383                           |
| (State or Other Jurisdiction of Incorporation or Organization) |   | (I.R.S. Employer Identification No.) |
|                                                           |   |                                 |
| 500 North Dearborn Street, Suite 605Chicago, Illinois          |   | 60654                                |
| (Address of Principal Executive Offices)                       |   | (Zip Code)                           |

| PART I- FINANCIAL INFORMATION                 |                                                                                                              |
|-------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                                          |                                                                                                              |   |   |   |
| Item 1                                                                                                                        | Unaudited Financial Statements                                                                                    |   |   | 1-8 |   |
| Item 2                                                                                                                        | Management’s Discussion and Analysis of Financial Condition and Results of Operations or Plan of Operations |   |   | 9-11 |   |
| Item 3                                                                                                                        | Quantitative and Qualitative Disclosures about Market Risk                                                        |   |   | 12 |   |
| Item 4                                                                                                                        | Controls and Procedures                                                                                           |   |   | 12-13 |   |
|  PART II - OTHER INFORMATION                                                                                        |                                                                                                              |
| Item 1                                                                                                                        | Legal Proceedings                                                                                                 |   |   | 14 |   |
| Item 2                                                                                                                        | Unregistered Sales of Equity Securities and Use of Proceeds                                                       |   |   | 14 |   |
| Item 3                                                                                                                        | Defaults Upon Senior Securities                                                                                   |   |   | 14 |   |
| Item 4                                                                                                                        | (Removed and Reserved)                                                                                            |   |   | 14 |   |
| Item 5                                                                                                                        | Other Information                                                                                                 |   |   | 14 |   |
| Item 6                                                                                                                        | Exhibits                                                                                                          |   |   | 14 |   |
|                                                                                                                          |                                                                                                              |   |   |   |   |
| Signatures                                                                                                                    |                                                                                                              |   |   | 15 |   |

----

----

|        PART I- FINANCIAL INFORMATION   Q LOTUS HOLDINGS, INC. |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
|------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                                              |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| CONDENSED BALANCE SHEETS                                                                                   |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| (UNAUDITED)                                                                                                |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
|                                                                                                       | September 30,                                                                                                                                                              |   | March 31,                                                                                                                                                                  |   |
|                                                                                                       | 2010                                                                                                                                                                       |   | 2010                                                                                                                                                                       |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Assets                                                                                                     |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Current Assets                                                                                             |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Cash                                                                                                       |  $                         --            |   |  $             804,882                                                                               |   |
| Prepaid expenses and other current assets                                                                  |                 335,125                                                                    |   |                             -- |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Total Current Assets                                                                                       |                 335,125                                                                    |   |                 804,882                                                                    |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Property and Equipment, Net                                                                                |                    52,270                                                   |   |                             -- |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Total Assets                                                                                               |  $             387,395                                                                               |   |  $             804,882                                                                               |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Liabilities and Stockholders' Equity                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Current Liabilities                                                                                        |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Accounts payable                                                                                           |  $               68,322                                                                    |   |  $                  1,192                                                   |   |
| Short term notes payable                                                                                   |                    27,500                                                   |   |                             -- |   |
| Due to related party                                                                                       |                    28,653                                                   |   |                             -- |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Total Current Liabilities                                                                                  |                 124,475                                                                    |   |                      1,192                                        |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Stockholders' Equity                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Preferred stock, $.001 par value; 100,000,000 shares authorized,                                           |                                                                                                                                                                       |   |                                                                                                                                                                       |
| no shares issued and outstanding                                                                           |                             -- |   |                             -- |   |
| Common stock, $.0001 par value; 400,000,000 shares authorized,                                             |                                                                                                                                                                       |   |                                                                                                                                                                       |
| 53,569,994 and 30,000,000 shares issued and outstanding                                                    |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| at September 30, 2010 and March 31, 2010, respectively                                                     |                      5,357                                        |   |                      3,000                                        |   |
| Additional paid-in-capital                                                                                 |                 999,525                                                                    |   |                 801,882                                                                    |   |
| Deficit accumulated during development stage                                                               |               (741,962)                                                                              |   |                    (1,192)                                                  |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Total Stockholders' Equity                                                                                 |                 262,920                                                                    |   |                 803,690                                                                    |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
| Total Liabilities and Stockholders' Equity                                                                 |  $             387,395                                                                               |   |  $             804,882                                                                               |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |
|                                                                                                       |                                                                                                                                                                       |   |                                                                                                                                                                       |   |

----

| Q LOTUS HOLDINGS, INC.                        |   |               |       |               |         |               |       |                |   |
|-----------------------------------------------|--------|--------------------|------------|--------------------|--------------|--------------------|------------|---------------------|--------|
| (A Development Stage Company)                 |   |               |       |               |         |               |       |                |   |
|   CONDENSED STATEMENT OF OPERATIONS      |   |               |       |               |         |               |       |                |   |
|                                          |   |               |       |               |         |               |       |
| (UNAUDITED)                                   |   |               |       |               |         |               |       |                |   |
|                                          |   |               |       |               |         |               |       |                |   |
|                                          |   |               |       |               |         |               |       |                |   |
|                                          |   |               |       |               |         |               |       | For the Period      |   |
|                                          |   | For the Three      |       |               | For the Six  |               |       | from March 31, 2010 |   |
|                                          |   | Months Ended       |       |               | Months Ended |               |       | (Inception) to      |   |
|                                          |   | September 30, 2010 |       | September 30, 2010 |         | September 30, 2010 |       |
|                                          |   |               |       |               |         |               |       |                |   |
| Revenue                                       |   | $                  | --         |               |         | $                  | --         |                |   | $ | -- |   |
|                                          |   |               |       |               |         |               |       |                |   |   |   |   |
| Operating Expenses                            |   |               | (195,121   | )                  |         |               | (740,798   | )                   |   |   | (741,990 | ) |
|                                          |   |               |       |               |         |               |       |                |   |   |   |   |
| Interest Income                               |   |               | --         |               |         |               | 28         |                |   |   | 28 |   |
|                                          |   |               |       |               |         |               |       |                |   |   |   |   |
| Net Loss                                      |   | $                  | (195,121   | )                  |         | $                  | (740,770   | )                   |   | $ | (741,962 | ) |
|                                          |   |               |       |               |         |               |       |                |   |   |   |   |
|                                          |   |               |       |               |         |               |       |                |   |   |   |   |
| Net Loss per Common Share:                    |   |               |       |               |         |               |       |                |   |   |   |   |
| Basic and diluted                             |   | $                  | (0.00      | )                  |         | $                  | (0.02      | )                   |   |   |   |   |
|                                          |   |               |       |               |         |               |       |                |   |   |   |   |
| Weighted Average Number of Shares Outstanding |   |               |       |               |         |               |       |                |   |   |   |   |
| Basic and diluted                             |   |               | 52,541,733 |               |         |               | 43,378,029 |                |   |   |   |   |
|                                          |   |               |       |               |         |               |       |                |   |   |   |   |

----

| Q LOTUS HOLDINGS, INC.                                                           |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |
|----------------------------------------------------------------------------------|--------|--------------|------------|--------|------------|--------|--------|-----------------|--------|---------|---------------|--------|--------|--------|----------|
| (A Development Stage Company)                                                    |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |
|   CONDENSED STATEMENT OF STOCKHOLDERS' EQUITY                               |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |
|                                                                             |   |         |       |   |       |   |   |            |   |    |
| (UNAUDITED)                                                                      |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   | Total  |     |
|                                                                             |   | Common Stock |       |   | Additional |   |   | Accumulated     |   |    | Stockholders' |   |
|                                                                             |   | Shares       |       |   | Amount     |   |   | Paid-in-Capital |   | Deficit |          |   | Equity |   |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |
| Balances - March 31, 2010 (Date of Inception)                                    |   |         | 30,000,000 |   |       | $      | 3,000  |            |   | $       | 801,882       |   |   | $      | (1,192   | ) |   | $ | 803,690 |   |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |   |   |   |   |   |
| Shares of Extreme Home Staging Inc, par value $.0001, adjusted for 3 for 1 split |   |         | 22,019,994 |   |       |   | 2,202  |            |   |    | (2,202        | )      |   |   | --       |   |   |   | -- |   |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |   |   |   |   |   |
|     Q Lotus Holdings, Inc - Shares Issued 8/26/10            |   |         | 1,250,000  |   |       |   | 125    |            |   |    | 49,875        |   |   |   | --       |   |   |   | 50,000 |   |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |   |   |   |   |   |
|     Q Lotus Holdings, Inc - Shares Issued 9/21/10            |   |         | 300,000    |   |       |   | 30     |            |   |    | 149,970       |   |   |   | --       |   |   |   | 150,000 |   |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |   |   |   |   |   |
| Net loss                                                                         |   |         | --         |   |       |   | --     |            |   |    | --            |   |   |   | (740,770 | ) |   |   | (740,770 | ) |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |   |   |   |   |   |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |   |   |   |   |   |
| Balances - September 30, 2010                                                    |   |         | 53,569,994 |   |       | $      | 5,357  |            |   | $       | 999,525       |   |   | $      | (741,962 | ) |   | $ | 262,920 |   |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |   |   |   |   |   |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |   |   |   |   |   |
|                                                                             |   |         |       |   |       |   |   |            |   |    |          |   |   |   |     |   |   |   |   |   |

----

|                                            |   |               |     |   |                |   |
|-------------------------------------------------|--------|--------------------|----------|--------|---------------------|--------|
| (A Development Stage Company)                   |   |               |     |   |                |   |
|                                            |   |               |     |   |                |   |
| STATEMENT OF CASH FLOWS                         |   |               |     |   |                |   |
| (UNAUDITED)                                     |   |               |     |   |                |   |
|                                            |   |               |     |   |                |   |
|                                            |   |               |     |   |                |   |
|                                            |   |               |     |   | For the Period      |   |
|                                            |   | For the Six        |     |   | from March 31, 2010 |   |
|                                            |   | Months Ended       |     |   | (Inception) to      |   |
|                                            |   | September 30, 2010 |     |   | September 30, 2010  |   |
|                                            |   |               |     |   |                |   |
| Cash Flows from Operating Activities            |   |               |     |   |                |   |
| Net Loss                                        |   | $                  | (740,770 | )      |                | $      | (741,962 | ) |
| Adjustments to reconcile net loss to net cash   |   |               |     |   |                |   |   |   |
| used in operating activities:                   |   |               |     |   |                |   |   |   |
| Depreciation expense                            |   |               | 4,238    |   |                |   | 4,238 |   |
| Amortization expense                            |   |               | 79,500   |   |                |   | 79,500 |   |
| Stock based compensation                        |   |               | 50,000   |   |                |   | 50,000 |   |
| Changes in operating  liabilities     |   |               |     |   |                |   |   |   |
| Prepaid expenses and other current assets       |   |               | (264,625 | )      |                |   | (264,625 | ) |
| Accounts payable                                |   |               | 67,130   |   |                |   | 68,322 |   |
|                                            |   |               |     |   |                |   |   |   |
| Net Cash Used in Operating Activities           |   |               | (804,527 | )      |                |   | (804,527 | ) |
|                                            |   |               |     |   |                |   |   |   |
| Cash Flows from Investing Activities            |   |               |     |   |                |   |   |   |
| Purchase of property and equipment              |   |               | (56,508  | )      |                |   | (56,508 | ) |
|                                            |   |               |     |   |                |   |   |   |
| Cash Used in Investing Activities               |   |               | (56,508  | )      |                |   | (56,508 | ) |
|                                            |   |               |     |   |                |   |   |   |
| Cash Flows from Financing Activities            |   |               |     |   |                |   |   |   |
| Proceeds from loan from related party-Net       |   |               | 28,653   |   |                |   | 28,653 |   |
| Proceeds from short term notes payable          |   |               | 27,500   |   |                |   | 27,500 |   |
| Proceeds from the issuance of common stock      |   |               | --       |   |                |   | 804,882 |   |
|                                            |   |               |     |   |                |   |   |   |
| Cash Provided by Financing Activities           |   |               | 56,153   |   |                |   | 861,035 |   |
|                                            |   |               |     |   |                |   |   |   |
| Net Decrease in Cash and Cash Equivalents       |   |               | (804,882 | )      |                |   | -- |   |
|                                            |   |               |     |   |                |   |   |   |
| Cash and Cash Equivalents - Beginning           |   |               | 804,882  |   |                |   | -- |   |
|                                            |   |               |     |   |                |   |   |   |
| Cash and Cash Equivalents - Ending              |   | $                  | --       |   |                | $      | -- |   |
|                                            |   |               |     |   |                |   |   |   |
| Supplementary disclosures of non-cash           |   |               |     |   |                |   |   |   |
|   investing and financing activities: |   |               |     |   |                |   |   |   |
| Common stock issued for services                |   | $                  | 150,000  |   |                | $      | 150,000 |   |
|                                            |   |               |     |   |                |   |   |   |
|                                            |   |               |     |   |                |   |   |   |

----

----

----

----

| 1.   | the Company’s Articles of Incorporation was amended to change the name to Q Lotus Holdings, Inc.; |
|----------------|---------------------------------------------------------------------------------------------------------|

| 2.   | the authorized capital stock of the Company was increased to 500,000,000 shares, of which 400,000,000 shares will be Common Stock par value $0.0001 per share, and 100,000,000 shares will be Preferred Stock par value $.001 per share; and |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | the outstanding common shares of the Company were split so that each outstanding share on the books of the Company was split into three outstanding common shares. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Transportation; |
|--------------------|-----------------|

| ·   | Specialty Lending; |
|--------------------|--------------------|

| ·   | Real Estate Operations; and |
|--------------------|-----------------------------|

| ·   | Natural Resources. |
|--------------------|--------------------|

----

----

----

|   |   |   |
|--------|--------|--------|

| ·   | pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the registrant; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the registrant are being made only in accordance with authorizations of management and directors of the registrant; and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the registrant’s assets that could have a material effect on the financial statements. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Exhibit No. | Description                                                                                                  |
|-------------|--------------------------------------------------------------------------------------------------------------|
| 10.4        | Loan Agreement with Zenith Estates, Inc. dated October 11, 2010.                                             |
| 31.1        | Chief Executive Officer’s Certificate pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.       |
| 31.2        | Chief Financial Officer’s Certificate pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.       |
| 32.1        | Chief Executive Officer’s Certificate pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.       |
| 32.2        | Chief Financial Officer’s Certificate pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.  |

----

|   | Marckensie TheresiasChief Executive Officer |
|--------|---------------------------------------------|

----