| Large Accelerated Filer o |   | Accelerated Filer o |   | Non-Accelerated Filer o(Do not check if a smallerreporting company) |   | Smaller Reporting Company þ |
|---------------------------|--------|---------------------|--------|---------------------------------------------------------------------|--------|----------------------------------|

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|                                                                        |                                                                                                                                                                                                             |   | Page(s)                   |
|-----------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|
|  PART I – FINANCIAL INFORMATION:                       |                                                                                                                                                                                                             |   |
|                                                                        |                                                                                                                                                                                                             |   |                      |
| Item 1.                                                                     | Condensed Financial Statements (unaudited):                                                                                                                                                                      |   |                      |
|                                                                        |                                                                                                                                                                                                             |   |                      |
|                                                                        | Condensed Balance Sheets as of June 30, 2009 and September 30, 2008                                                                                                                                              |   | F-1                       |
|                                                                        |                                                                                                                                                                                                             |   |                      |
|                                                                        | Unaudited Condensed Statements of Operations for the Three and Nine Months Ended June 30, 2009 and 2008, and for the Period from May 27, 2004 (Date of Inception of the Development Stage) through June 30, 2009 |   | F-2                       |
|                                                                        |                                                                                                                                                                                                             |   |                      |
|                                                                        | Unaudited Condensed Statements of Cash Flows for the Three and Nine Months Ended June 30, 2009 and 2008 and for the Period from May 27, 2004 (Date of Inception of the Development Stage) through June 30, 2009  |   | F-3                       |
|                                                                        |                                                                                                                                                                                                             |   |                      |
|                                                                        |  Notes to Condensed Financial Statements                                                                                                                                                                    |   | F-4 – F-6 |
|                                                                        |                                                                                                                                                                                                             |   |                      |
| Item 2.                                                                | Management's Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                            |   | 1                         |
|                                                                        |                                                                                                                                                                                                             |   |                      |
| Item 3.                                                                     | Quantitative and Qualitative Disclosures About Market Risk                                                                                                                                                       |   | 3                         |
|                                                                        |                                                                                                                                                                                                             |   |                      |
|  Item 4A(T).     Controls and Procedures |                                                                                                                                                                                                             | 3      |
|                                                                        |                                                                                                                                                                                                             |   |                      |
|  PART II – OTHER INFORMATION:                          |                                                                                                                                                                                                             |   |
|                                                                        |                                                                                                                                                                                                             |   |                      |
| Item 1.                                                                     | Legal Proceedings                                                                                                                                                                                                |   | 4                         |
|                                                                        |                                                                                                                                                                                                             |   |                      |
| Item 2.                                                                     | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                                      |   | 4                         |
|                                                                        |                                                                                                                                                                                                             |   |                      |
| Item 3.                                                                     | Defaults Upon Senior Securities                                                                                                                                                                                  |   | 4                         |
|                                                                        |                                                                                                                                                                                                             |   |                      |
| Item 4.                                                                     | Submission of Matters to a Vote of Security Holders                                                                                                                                                              |   | 4                         |
|                                                                        |                                                                                                                                                                                                             |   |                      |
| Item 5.                                                                     | Other Information                                                                                                                                                                                                |   | 4                         |
|                                                                        |                                                                                                                                                                                                             |   |                      |
| Item 6.                                                                | Exhibits                                                                                                                                                                                                         |   | 4                         |
|                                                                        |                                                                                                                                                                                                             |   |                      |
|  Signatures                                                            |                                                                                                                                                                                                             | 5      |

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| Acquired Sales Corp.                                                   |   |
|------------------------------------------------------------------------|--------|
| (a development stage enterprise)                                       |   |
| Unaudited Condensed Balance Sheets                                     |   |
|                                                                   |   |   |   |   |   |   |
|                                                                   |   | June 30, |   |   | September 30, |   |
|                                                                   |   | 2009 |   |   | 2008 |   |
|                                                                   |   |   |   |   |   |   |
| Assets:                                                                |   |   |   |   |   |   |
| Current Assets:                                                        |   |   |   |   |   |   |
|   Cash                                                            |   | $ | 414 |   |   | $ | 670 |   |
|   Pre-paid expense                                                |   |   | 306 |   |   |   | - |   |
| Total Assets                                                           |   | $ | 720 |   |   | $ | 670 |   |
|                                                                   |   |   |   |   |   |   |   |   |
| Liabilities and Stockholders' Equity:                                  |   |   |   |   |   |   |   |   |
| Current Liabilities:                                                   |   |   |   |   |   |   |   |   |
|   Accounts payable                                                |   | $ | 1,106 |   |   | $ | 750 |   |
|   Note and accrued interest payable to related party              |   |   | 10,000 |   |   |   | - |   |
| Total Current Liabilities                                              |   |   | 11,106 |   |   |   | 750 |   |
|                                                                   |   |   |   |   |   |   |   |   |
| Stockholders' Equity:                                                  |   |   |   |   |   |   |   |   |
|   Preferred stock, $0.001 par value, 10,000,000 shares            |   |   |   |   |   |   |   |   |
|     authorized, no shares issued and outstanding        |   |   | - |   |   |   | - |   |
|   Common stock, $0.001 par value, 50,000,000 shares               |   |   |   |   |   |   |   |   |
|     authorized, 5,832,482 shares issued and outstanding |   |   | 5,833 |   |   |   | 5,833 |   |
|   Additional paid-in capital                                      |   |   | 145,967 |   |   |   | 145,967 |   |
|   Deficit accumulated prior to the development stage              |   |   | (69,151 | ) |   |   | (69,151 | ) |
|   Deficit accumulated during the development stage                |   |   | (93,035 | ) |   |   | (82,729 | ) |
| Total Stockholders' Equity                                             |   |   | (10,386 | ) |   |   | (80 | ) |
| Total Liabilities and Stockholders' Equity:                            |   | $ | 720 |   |   | $ | 670 |   |
|                                                                   |   |   |   |   |   |   |   |   |
| See accompanying notes to the condensed financial statements.          |   |

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| Acquired Sales Corp.                                          |   |
|---------------------------------------------------------------|--------|
| (a development stage enterprise)                              |   |
| Unaudited Condensed Statements of Operations                  |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   | For the period |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   | May 27, 2004 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   | (Date of Inception |   |
|                                                          |   | For the Three Months Ended |   |   | For the Nine Months Ended |   |   | of the Development |   |
|                                                          |   | June 30, |   |   | June 30, |   |   | Stage) through |   |
|                                                          |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |   | June 30, 2009 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses:                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   General and                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     administrative                             |   | $ | (2,442 | ) |   | $ | (2,147 | ) |   | $ | (9,891 | ) |   | $ | (31,469 | ) |   | $ | (146,833 | ) |
|   Waiver of tax                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     liability penalty                          |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 60,364 |   |
|   Interest                                               |   |   | (249 | ) |   |   |   |   |   |   | (415 | ) |   |   | - |   |   |   | (6,566 | ) |
| Net Loss                                                      |   | $ | (2,691 | ) |   | $ | (2,147 | ) |   | $ | (10,306 | ) |   | $ | (31,469 | ) |   | $ | (93,035 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   loss per share                                         |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.01 | ) |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   weighted average                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   common shares                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   outstanding                                            |   |   | 5,832,482 |   |   |   | 5,832,482 |   |   |   | 5,832,482 |   |   |   | 5,832,482 |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to the condensed financial statements. |   |

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| Acquired Sales Corp.                                                           |   |
|--------------------------------------------------------------------------------|--------|
| (a development stage enterprise)                                               |   |
| Unaudited Condensed Statements of Cash Flows                                   |   |
|                                                                           |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   | For the period |   |
|                                                                           |   |   |   |   |   |   |   | May 27, 2004 |   |
|                                                                           |   |   |   |   |   |   |   | (Date of Inception |   |
|                                                                           |   | For the Nine Months Ended |   |   | of the Development |   |
|                                                                           |   | June 30, |   |   | Stage) through |   |
|                                                                           |   | 2009 |   |   | 2008 |   |   | June 30, 2009 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |
| Cash Flows from Operating Activities:                                          |   |   |   |   |   |   |   |   |   |
|   Net loss                                                                |   | $ | (10,306 | ) |   | $ | (31,469 | ) |   | $ | (93,035 | ) |
|   Adjustments to reconcile net loss to net cash                           |   |   |   |   |   |   |   |   |   |   |   |   |
|     used in operating activities:                               |   |   |   |   |   |   |   |   |   |   |   |   |
|       Expenses paid by capital contributed by officer |   |   | - |   |   |   | - |   |   |   | 20 |   |
|       Issuances of warrants for services              |   |   | - |   |   |   | - |   |   |   | 11,970 |   |
|   Changes in assets and liabilities:                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|     Prepaid expenses                                            |   |   | (306 | ) |   |   | 14,362 |   |   |   | (306 | ) |
|     Accounts payable                                            |   |   | 356 |   |   |   | (2,067 | ) |   |   | 1,106 |   |
|     Payable to officer                                          |   |   | - |   |   |   | - |   |   |   | - |   |
|     Payroll tax penalties and accrued interest                  |   |   | - |   |   |   | - |   |   |   | (69,151 | ) |
| Net Cash Used by Operating Activities                                          |   |   | (10,256 | ) |   |   | (19,174 | ) |   |   | (149,396 | ) |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Flows from Financing Activities:                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|   Proceeds from issuance of note payable to                               |   |   |   |   |   |   |   |   |   |   |   |   |
|     related party                                               |   |   | 10,000 |   |   |   | - |   |   |   | 205,000 |   |
|   Payment of principal on note payable to                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|     related party                                               |   |   | - |   |   |   | - |   |   |   | (95,000 | ) |
|   Proceeds from issuance of common stock                                  |   |   | - |   |   |   | - |   |   |   | 40,000 |   |
|   Redemption of common stock                                              |   |   | - |   |   |   | - |   |   |   | (190 | ) |
| Net Cash Provided by Financing Activities:                                     |   |   | 10,000 |   |   |   | - |   |   |   | 149,810 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Increase (Decrease) in Cash                                                |   |   | (256 | ) |   |   | (19,174 | ) |   |   | 414 |   |
| Cash at Beginning of Period                                                    |   |   | 670 |   |   |   | 23,933 |   |   |   | - |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash at End of Period                                                          |   | $ | 414 |   |   | $ | 4,759 |   |   | $ | 414 |   |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to the condensed financial statements.                  |   |

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|                                         |   |          |    |   | For the period     |   |
|---------------------------------------------------|--------|---------------|---------|--------|--------------------|--------|
|                                              |   |          |    |   | May 27, 2004       |   |
|                                              |   |          |    |   | (Date of Inception |   |
|                                              |   | Nine Months   |    |   | of the Development |   |
|                                              |   | Ended         |    |   | Stage) through     |   |
|                                              |   | June 30, 2009 |    |   | June 30, 2009      |   |
|                                              |   |          |    |   |               |   |
| Net Cash (Used) by Operating Activities           |   | $             | (10,256 | )      |               | $      | (146,833 | ) |
| Net Cash (Used) by Investing Activities           |   | $             | -       |   |               | $      | - |   |
| Net Cash (Used) Provided by Financing Activities: |   | $             | 10,000  |   |               | $      | 149,810 |   |
| Net Increase (Decrease) in Cash                   |   | $             | (256    | )      |               | $      | 414 |   |

|   | (i) | filing of reports under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and |
|--------|-----|---------------------------------------------------------------------------------------------------------------|

|   | (ii) | consummating an acquisition.  |
|--------|------|------------------------------------|

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|   | Exhibit 31.1 | Certification of principal executive officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|--------|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Exhibit 31.2 | Certification of principal financial officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|--------|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Exhibit 32.1 | Certification of principal executive officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|--------|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Exhibit 32.2 | Certification of principal financial officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|--------|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| * | Filed as an exhibit to the Company's Registration Statement on Form 10-SB, as filed with the SEC on March 23, 2007, and incorporated herein by this reference. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Dated: August 14, 2009 |                 |                      |
|------------------------|----------------------|---------------------------|
|                   | ACQUIRED SALES CORP. |
|                   |                 |                      |
|                   | By:        | /s/ Gerard M. Jacobs |
|                   | Gerard M. Jacobs     |
|                   | President            |

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