----

----

|  Commission File Number. 0-15113                        |
|--------------------------------------------------------------|
|  VERITEC, INC.                                          |
|  (Exact name of Registrant as Specified in its Charter) |

| Nevada                                                        | 95-3954373                       |
|---------------------------------------------------------------|----------------------------------|
| (State or Other Jurisdiction ofIncorporation or Organization) | (IRS EmployerIdentification No.) |
|                                                          |                             |
| 2445 Winnetka Avenue N. Golden Valley, MN                     | 55427                            |
| (Address of principal executive offices)                      | (Zip Code)                       |

|  Registrant's telephone number, including area code: (763) 253-2670 |
|--------------------------------------------------------------------------|

|  Large Accelerated filer [   ]  |  Accelerated filer [   ]   |  Non-accelerated filer [    ]   |         Smaller reporting company [  X ] |
|----------------------------------------------------------|----------------------------------------------------------|--------------------------------------------------------------------|--------------------------------------------------------------------------------------------|
|                                                     |                                                     |  (Do not check if a smaller reporting company)                |                                                                                       |

----

|               |                                 |  VERITEC, INC.                                                      |           |
|--------------------|--------------------------------------|--------------------------------------------------------------------------|----------------|
|               |                                 |  FORM 10-Q                                                          |           |
|               |                                 |  FOR THE FISCAL QUARTER ENDED MARCH 31, 2010                        |           |
|               |                                 |  TABLE OF CONTENTS                                                  |  Page No. |
|               |                                 |                                                                     |           |
|  PART I  |                                 |                                                                     |  3        |
|               |  ITEM 1               | FINANCIAL STATEMENTS                                                     |  3        |
|               |    ITEM 2                  |   MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION |           |
|               |                                 | AND RESULTS OF OPERATIONS                                                | 11             |
|               |  ITEM 3               | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT                           | 13             |
|               |                                 | MARKET RISK                                                              |           |
|               |  ITEM 4T                   | CONTROLS AND PROCEDURES                                                  | 14             |
|               |                                 |                                                                     |           |
|  PART II      |                                 |                                                                     | 14             |
|               |    ITEM 1                  |   LEGAL PROCEEDINGS                                                 |  14       |
|               |  ITEM 1A                        | RISK FACTORS                                                             |  14       |
|               |  ITEM 6     | EXHIBITS.                                                                |  14       |
|               |                                 | SIGNATURES                                                               |  14       |
|               |                                 |                                                                     |           |
|               |                                 |                                                                     |           |
|               |                                 |                                                                     |           |
|               |                                 |                                                                     |           |
|               |                                 |                                                                     |           |
|               |                                 |                                                                     |           |
|               |                                 |                                                                     |           |

----

|                                                         |                       |  PART I                                |   |   |
|--------------------------------------------------------------|----------------------------|---------------------------------------------|--------|--------|
|                                                         |                       |                                        |   |   |
|  ITEM 1         |  FINANCIAL STATEMENTS |                                        |   |   |
|                                                         |                       |                                        |   |   |
|                                                         |                       |  VERITEC, INC. AND SUBSIDIARIES        |   |   |
|                                                         |                       |  CONDENSED CONSOLIDATED BALANCE SHEETS |   |   |

|                                                                                                                                   | March 31, |        | June 30, |
|----------------------------------------------------------------------------------------------------------------------------------------|-----------|-------------|----------|
|                                                                                                                                   | 2010      |        | 2009     |
| ASSETS                                                                                                                                 |      | (Unaudited) |     |   |   |   |   |
|                                                                                                                                   |      |        |     |   |   |   |   |
| Current Assets:                                                                                                                        |      |        |     |   |   |   |   |
| Cash                                                                                                                                   | $         | 18,606      |     |   | $ | 50,019 |   |
| Accounts receivable, net of allowance of $8,400                                                                                        |      | 37,159      |     |   |   | 28,376 |   |
| Notes receivable                                                                                                                       |      | 10,000      |     |   |   | -- |   |
| Inventories                                                                                                                            |      | 7,436       |     |   |   | 6,217 |   |
| Prepaid expenses                                                                                                                       |      | 29,906      |     |   |   | 23,281 |   |
| Employee advances                                                                                                                      |      | 5,637       |     |   |   | 8,500 |   |
| Total Current Assets                                                                                                                   |      | 108,744     |     |   |   | 116,393 |   |
|                                                                                                                                   |      |        |     |   |   |   |   |
| Property and Equipment, net of accumulated depreciation of $177,681 and $139,984                                                       |      | 55,595      |     |   |   | 93,292 |   |
| Patent costs                                                                                                                           |      | 43,756      |     |   |   | 43,756 |   |
|                                                                                                                                   |      |        |     |   |   |   |   |
| Total Assets                                                                                                                           | $         | 208,095     |     | $ | 253,441 |   |
|                                                                                                                                   |      |        |     |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                            |      |        |     |   |   |   |
|                                                                                                                                   |      |        |     |   |   |   |
| Current Liabilities:                                                                                                                   |      |        |     |   |   |   |
| Notes payable                                                                                                                          | $         | 1,825,153   |     | $ | 20,039 |   |
| Accounts payable                                                                                                                       |      | 493,589     |     |   | 187,368 |   |
| Payroll tax liabilities                                                                                                                |      | 45,204      |     |   | -- |   |
| Accrued expenses                                                                                                                       |      | 229,526     |     |   | 353,161 |   |
| Total Current Liabilities                                                                                                              |      | 2,593,472   |     |   | 560,568 |   |
|                                                                                                                                   |      |        |     |   |   |   |
| Notes Payable, net of current portion                                                                                                  |      | --          |     |   | 885,673 |   |
|                                                                                                                                   |      |        |     |   |   |   |
| Commitments and Contingencies                                                                                                          |      |        |     |   |   |   |
|                                                                                                                                   |      |        |     |   |   |   |
| Stockholders’ Deficit:                                                                                                           |      |        |     |   |   |   |
| Convertible preferred stock, par value $1.00; authorized 10,000,000 shares, 276,000 shares of Series H authorized, 1,000 shares issued |      | 1,000       |     |   | 1,000 |   |
| Common stock, par value $.01; authorized 20,000,000 shares, 15,920,088 and 16,165,088 shares issued                                    |      | 159,201     |     |   | 161,651 |   |
| Additional paid-in capital                                                                                                             |      | 14,280,482  |     |   | 13,943,046 |   |
| Accumulated deficit                                                                                                                    |      | (16,826,060 | )        |   | (15,298,497 | ) |
| Total Stockholders’ Deficit                                                                                                      |      | ( 2,385,377 | )        |   | ( 1,192,800 | ) |
|                                                                                                                                   |      |        |     |   |   |   |
| Total Liabilities and Stockholders’ Deficit                                                                                      | $         | 208,095     |     | $ | 253,441 |   |

----

|  VERITEC, INC. AND SUBSIDIARIES                  |
|-------------------------------------------------------|
|  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
|  (Unaudited)                                     |

|                                                                                                |   | Three months ended March 31, |
|-----------------------------------------------------------------------------------------------------|--------|------------------------------|
|                                                                                                |   | 2010                         |   | 2009 |
|                                                                                                |   |                         |   |   |   |   |   |   |
| License and other revenue                                                                           |   | $                            | 318,963 |   |   | $ | 75,672 |   |
| Cost of Sales                                                                                       |   |                         | 150,962 |   |   |   | 105,697 |   |
| Gross Profit                                                                                        |   |                         | 168,001 |   |   |   | (30,025) |   |
|                                                                                                |   |                         |   |   |   |   |   |   |
| Operating Expenses:                                                                                 |   |                         |   |   |   |   |   |   |
| Selling, general and administrative                                                                 |   |                         | 216,139 |   |   |   | 545,200 |   |
| Research and development                                                                            |   |                         | 115,195 |   |   |   | 138,446 |   |
| Total Operating Expenses                                                                            |   |                         | 331,334 |   |   |   | 683,646 |   |
|                                                                                                |   |                         |   |   |   |   |   |   |
| Loss from Operations                                                                                |   |                         | (163,333 | ) |   |   | (713,671 | ) |
|                                                                                                |   |                         |   |   |   |   |   |   |
| Other Income(Expense):                                                                              |   |                         |   |   |   |   |   |   |
|        Interest income                                           |   |                         | -- |   |   |   | 1,701 |   |
|        Interest expense                                          |   |                         | (37,926 | ) |   |   | (4,555) |   |
|             Total Other Income(Expense) |   |                         | (37,926 | ) |   |   | (2,854) |   |
|                                                                                                |   |                         |   |   |   |   |   |   |
| Net Loss                                                                                            |   | $                            | (201,259 | ) |   | $ | (716,525 | ) |
|                                                                                                |   |                         |   |   |   |   |   |   |
| Loss Per Common Share,                                                                              |   |                         |   |   |   |   |   |   |
| Basic and Diluted                                                                                   |   | $                            | (0.01 | ) |   | $ | (0.05 | ) |

| Weighted Average Number of Shares Outstanding, |   |   |       |   |   |   |       |   |
|------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|
|     Basic and Diluted      |   |   | 15,868,190 |   |   |   | 15,115,088 |   |

----

|  VERITEC, INC. AND SUBSIDIARIES                  |
|-------------------------------------------------------|
|  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
|  (Unaudited)                                     |

|                                                                                                |   | Nine months ended March 31, |
|-----------------------------------------------------------------------------------------------------|--------|-----------------------------|
|                                                                                                |   | 2010                        |   | 2009 |
|                                                                                                |   |                        |   |   |   |   |   |   |
| License and other revenue                                                                           |   | $                           | 638,621 |   |   | $ | 776,531 |   |
| Cost of Sales                                                                                       |   |                        | 439,846 |   |   |   | 233,644 |   |
| Gross Profit                                                                                        |   |                        | 198,775 |   |   |   | 542,887 |   |
|                                                                                                |   |                        |   |   |   |   |   |   |
| Operating Expenses:                                                                                 |   |                        |   |   |   |   |   |   |
| Selling, general and administrative                                                                 |   |                        | 1,171,087 |   |   |   | 1,121,632 |   |
| Research and development                                                                            |   |                        | 455,176 |   |   |   | 372,819 |   |
| Total Operating Expenses                                                                            |   |                        | 1,626,263 |   |   |   | 1,494,451 |   |
|                                                                                                |   |                        |   |   |   |   |   |   |
| Loss from Operations                                                                                |   |                        | (1,427,488 | ) |   |   | (951,564 | ) |
|                                                                                                |   |                        |   |   |   |   |   |   |
| Other Income(Expense):                                                                              |   |                        |   |   |   |   |   |   |
|        Interest income                                           |   |                        | 30 |   |   |   | 3,653 |   |
|        Interest expense                                          |   |                        | (100,105 | ) |   |   | (4,555) |   |
|             Total Other Income(Expense) |   |                        | (100,075 | ) |   |   | (902) |   |
|                                                                                                |   |                        |   |   |   |   |   |   |
| Net Loss                                                                                            |   | $                           | (1,527,563 | ) |   | $ | (952,466 | ) |
|                                                                                                |   |                        |   |   |   |   |   |   |
| Loss Per Common Share,                                                                              |   |                        |   |   |   |   |   |   |
| Basic and Diluted                                                                                   |   | $                           | (0.09 | ) |   | $ | (0.06 | ) |

| Weighted Average Number of Shares Outstanding, |   |   |       |   |   |   |       |   |
|------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|
|     Basic and Diluted      |   |   | 16,126,876 |   |   |   | 15,115,088 |   |

----

|  VERITEC, INC. AND SUBSIDIARIES                                  |
|-----------------------------------------------------------------------|
|  CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT |
|  (Unaudited)                                                     |

| `                                  |   |            |   |   |         |   |   |    |   |   |        |   |   | Additional |    |   |    |   |       |   |   |
|------------------------------------|--------|-----------------|--------|--------|--------------|--------|--------|---------|--------|--------|-------------|--------|--------|------------|---------|--------|---------|--------|------------|--------|--------|
|                               |   | Preferred Stock |   |   | Common Stock |   |   | Paid-in |   |   | Accumulated |   |   |       |    |
|                               |   | Shares          |   |   | Amount       |   |   | Shares  |   |   | Amount      |   |   | Capital    |    |   | Deficit |   |       | Total  |   |
| Balance, July 1, 2009              |   |            | 1,000  |   |         | $      | 1,000  |    |   |   | 16,165,088  |   |   | $          | 161,651 |   |    | $      | 13,943,046 |   |   | $ | (15,298,497 | ) |   | $ | (1,192,800 | ) |
| Stock Based Compensation           |   |            |   |   |         |   |   |    |   |   |        |   |   |       |    |   |    |   | 73,536     |   |   |   |   |   |   |   | 73,536 |   |
| Shares Issued for Services         |   |            |   |   |         |   |   |    |   |   | 85,000      |   |   |       | 850     |   |    |   | 153,100    |   |   |   |   |   |   |   | 153,950 |   |
| Shares Issued for Accrued Expenses |   |            |   |   |         |   |   |    |   |   | 150,000     |   |   |       | 1,500   |   |    |   | 36,000     |   |   |   |   |   |   |   | 37,500 |   |
| Conversion of Notes Payable        |   |            |   |   |         |   |   |    |   |   | 70,000      |   |   |       | 700     |   |    |   | 69,300     |   |   |   |   |   |   |   | 70,000 |   |
| Shares Returned                    |   |            |   |   |         |   |   |    |   |   | (550,000    | )      |   |       | (5,500  | )      |    |   | 5,500      |   |   |   |   |   |   |   | - |   |
| Net Loss for the Period            |   |            | -      |   |         |   | -      |    |   |   | -           |   |   |       | -       |   |    |   | -          |   |   |   | (1,527,563 | ) |   |   | (1,527,563 | ) |
| Balance, March 31, 2010            |   |            | 1,000  |   |         | $      | 1,000  |    |   |   | 15,920,088  |   |   | $          | 159,201 |   |    | $      | 14,280,482 |   |   | $ | (16,826,060 | ) |   | $ | (2,385,377 | ) |

----

|  VERITEC, INC. AND SUBSIDIARIES                  |
|-------------------------------------------------------|
|  CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
|  (Unaudited)                                     |

|                                                                        |   | Nine months ended March 31, |
|-----------------------------------------------------------------------------|--------|-----------------------------|
|                                                                        |   | 2010                        |   | 2009 |
| CASH FLOWS FROM OPERATING ACTIVITIES                                        |   |                        |   |   |   |   |   |   |
| Net loss                                                                    |   | $                           | (1,527,563 | ) |   | $ | (952,466 | ) |
| Adjustments to reconcile net loss to net cash used by operating activities: |   |                        |   |   |   |   |   |   |
| Depreciation                                                                |   |                        | 37,697 |   |   |   | 32,807 |   |
| Amortization of discount on notes payable                                   |   |                        | 17,894 |   |   |   | 800 |   |
| Fair value of stock options issued to employees                             |   |                        | 73,536 |   |   |   | 34,030 |   |
| Fair value of stock issued for services                                     |   |                        | 153,950 |   |   |   | 117,584 |   |
| Interest accrued on notes payable                                           |   |                        | 89,588 |   |   |   | 3,755 |   |
| Changes in operating assets and liabilities:                                |   |                        |   |   |   |   |   |   |
| Accounts receivable                                                         |   |                        | (8,783 | ) |   |   | (6,932) |   |
| Inventories                                                                 |   |                        | (1,219 | ) |   |   | 22,122 |   |
| Employee advances                                                           |   |                        | 2,862 |   |   |   | -- |   |
| Prepaid expenses                                                            |   |                        | (6,625) |   |   |   | (1,200 | ) |
| Accounts payables and accrued expenses                                      |   |                        | 265,290 |   |   |   | 67,613 |   |
|                                                                        |   |                        |   |   |   |   |   |   |
| Net cash used by operating activities                                       |   |                        | (903,373 | ) |   |   | (681,887 | ) |
|                                                                        |   |                        |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                        |   |                        |   |   |   |   |   |   |
|   Purchase of property and equipment                              |   |                        | -- |   |   |   | (47,475 | ) |
|   Issuance of note receivable                                     |   |                        | (10,000) |   |   |   | -- |   |
| Net cash used by investing activities                                       |   |                        | (10,000) |   |   |   | (47,475) |   |
|                                                                        |   |                        |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                        |   |                        |   |   |   |   |   |   |
|     Proceeds from notes payable                         |   |                        | 946,960 |   |   |   | 450,000 |   |
|  Payments on notes payable                                             |   |                        | (65,000) |   |   |   | -- |   |
| Net cash provided by financing activities                                   |   |                        | 881,960 |   |   |   | 450,000 |   |
|                                                                        |   |                        |   |   |   |   |   |   |
| NET DECREASE IN CASH                                                        |   |                        | (31,413) |   |   |   | (279,362 | ) |
| CASH AT BEGINNING OF PERIOD                                                 |   |                        | 50,019 |   |   |   | 334,702 |   |
| CASH AT END OF PERIOD                                                       |   | $                           | 18,606 |   |   | $ | 55,340 |   |
|                                                                        |   |                        |   |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION                            |   |                        |   |   |   |   |   |   |
| Cash paid for interest                                                      |   | $                           | 536 |   |   | $ | -- |   |
|                                                                        |   |                        |   |   |   |   |   |   |
| NONCASH ACTIVITIES                                                          |   |                        |   |   |   |   |   |   |
| Issuance of common stock for accrued expenses                               |   | $                           | 37,500 |   |   | $ | -- |   |
| Issuance of common stock in repayment of note payable                       |   |                        | 70,000 |   |   |   | -- |   |
| Issuance of warrants for notes payable                                      |   |                        | -- |   |   |   | 17,082 |   |
|                                                                        |   |                        |   |   |   |   |   |   |
|                                                                        |   |                        |   |   |   |   |   |   |

----

|  Table of Contents                                     |
|-------------------------------------------------------------|
|                                                        |
|  VERITEC, INC.                                         |
|                                                        |
|  NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS  |
|                                                        |
|  Nine Months Ended March 31, 2010 and 2009 (Unaudited) |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | March 31, 2010                                                                                                              |   | June 30, 2009                                                                                                  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | (UNAUDITED)                                                                                                                 |   |                                                                                                           |
| Convertible notes payable (includes $484,260 and $449,120, respectively, to related parties), unsecured, interest at 8%, due September 2010 through November 2010. The principal and accrued interest are convertible at a conversion price of $0.30. The principal and interest is due immediately on the event of default or change of control. The holders also received warrants to purchase one share of common stock for every $2 of investment. The Company recorded a $20,981 discount on the notes payable for the value of the warrants issued. The discount is being amortized over the term of the notes payable.  The unamortized discount as of March 31, 2010 and June 30, 2009, was $7,127 and $17,108, respectively. |  $   589,532                                                                                            |   |  $  546,564                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                        |   |                                                                                                           |
| Convertible notes payable to related parties, unsecured, principal and interest are convertible into common stock at $0.30 to $0.33 per share, interest at 8 % to 10%, due July to November 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |        492,766                                                                           |   |      339,109                                                                          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                        |   |                                                                                                           |
| Convertible note payable to related party, secured by the Company’s intellectual property, principal and interest are convertible into common stock at $0.25 per share subject to board of directors’ approval, interest at 8% due November 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |        203,315                                                                           |   |                  --       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                        |   |                                                                                                           |
| Note payable to related party, secured by the Company’s intellectual property, interest at 8% due August 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |        398,756                                                                           |   |                  --       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                        |   |                                                                                                           |
| Notes payable to related parties, unsecured, interest at 0% to 8%, due on demand                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |           108,414                                                         |   |                   -- |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                        |   |                                                                                                           |
| Note payable, unsecured, interest at 10%, due January 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |           20,663                                                          |   |                   -- |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                        |   |                                                                                                           |
| Convertible note payable, unsecured, principal and interest are convertible into common stock at $0.30 per share subject to board of directors’ approval, interest at 8%, due January 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 10,184                                                                                                                      |   | --                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                        |   |                                                                                                           |
| Convertible note payable, unsecured, principal and interest are convertible into common stock at $1.00 per share subject to board of directors’ approval, interest at 8% due November 2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |           1,523                                                           |   |         20,039                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                        |   |                                                                                                           |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        1,825,153                                                                         |   |        905,712                                                              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                        |   |                                                                                                           |
| Less: Current portion                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        1,825,153                                                                         |   |          20,039                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                        |   |                                                                                                           |
| Notes Payable, less current portion                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  $                   -- |   |  $    885,673                                                                         |

----

|   | Stock options |
|--------|---------------|

|                                                | Number of |   | Weighted - Average |
|-----------------------------------------------------|-----------|--------|--------------------|
|                                                | Shares    |   | Exercise Price     |
|                                                |      |   |               |   |   |
| Outstanding at June 30, 2009                        | 721,749   |   | $0.49              |   |
| Granted                                             | 97,500    |   | $0.38              |   |
|        Forfeited | (5,000)   |   | $0.25              |   |
| Outstanding at March 31, 2010                       | 814,249   |   | $0.47              |   |

----

----

----

| ITEM 1A | RISK FACTORS |
|---------|--------------|

| ITEM 6 | EXHIBITS |
|--------|----------|

| 31.1 | CEO Certification required by Rule 13a14(a)/15d14(a) under the Securities Exchange Act of 1934. |
|------|-------------------------------------------------------------------------------------------------|

| 31.2 | CFO Certification required by Rule 13a14(a)/15d14(a) under the Securities Exchange Act of 1934. |
|------|-------------------------------------------------------------------------------------------------|

| 32.1 | Veritec, Inc. Certification of CEO/Executive Chair pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. §1350). |
|------|--------------------------------------------------------------------------------------------------------------------------------------|

| 32.2 | Veritec, Inc. Certification of CFO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. §1350). |
|------|----------------------------------------------------------------------------------------------------------------------|

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

|   | SIGNATURES |
|--------|------------|

|  VERITEC, INC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|  By          /s/ Van Tran                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  May 14, 2010 |
|      Van Tran                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|     Chief Executive Officer and Executive Chairman of the Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|  By         /s/ John Quentin                                                                                                             | May 14, 2010 |
|       John Quentin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
|      Chief Financial Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |

----