UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-KSB/A
                                Amendment No. 1

[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

                  For the fiscal year ended December 31, 2006

Or

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

For the transition period from ____________________ to ________________________.

                        Commission File Number: 000-28417

                        GLOBAL GENERAL TECHNOLOGIES, INC.
              ----------------------------------------------------
               (Exact name of company as specified in its charter)


                        Nevada                            76-0599457
           (State or other jurisdiction of    (IRS Employer Identification No.)
                    incorporation)

              201 South Biscayne Boulevard, 28th Floor Miami Center
                              Miami, Florida 33131
                    (Address of principal executive offices)

                                 1-800-936-3204
                (Company's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to section 12(g) of the Act: Common Stock, $0.001
par value

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes [ ] No [X]



<PAGE>


Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure  will be contained,  to
the  best  of  registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part II of this  Form  10-KSB or any
amendment to this Form 10-KSB. [ ]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act) [ ] Yes [X] No

The issuer's revenues for its fiscal year ended December 31, 2006 were $0.00.

Based on the  closing  sales  price of the  Common  Stock on May 14,  2007,  the
aggregate  market  value of the  voting  common  equity  held by  non-affiliates
computed by reference to the price at which the common  equity was sold,  or the
average bid and asked price of such  common  equity,  as of May 14, 2007 (a date
within the past 60 days) was $1,351,178

The  number  of  shares  outstanding  of the  issuer's  class  of  common  stock
outstanding as of May 14, 2007 is 53,043,663 shares.

Documents Incorporated By Reference:        None

Transitional  Small Business  Issuer  Disclosure  Format (check one):
Yes [ ] No [X].



                                       2

<PAGE>




                                      INDEX

<TABLE>
<CAPTION>
                                                                                                                Page
<S>                  <C>                                                                                        <C>
PART I
    Item 1.          Description of Business...................................................................... 5
    Item 2.          Description of Property...................................................................... 7
    Item 3.          Legal Proceedings............................................................................ 7
    Item 4.          Submission of Matters to a Vote of Security Holders.......................................... 7

PART II
    Item 5.          Market for Common Equity and Related Stockholder Matters..................................... 8
    Item 6.          Management's Discussion and Analysis or Plan of Operation.................................... 9
    Item 7.          Financial Statements.........................................................................11
    Item 8.          Changes In and Disagreements with Accountants on Accounting and Financial Disclosure.........
                                                                                                                  12
    Item 8A.         Controls and Procedures......................................................................12
    Item 8B.         Other Information............................................................................12

PART III
    Item 9.          Directors, Executive Officers, Promoters and Control Persons; Compliance with Section
                     16(a) of the Exchange Act ...................................................................13
    Item 10.         Executive Compensation.......................................................................14
    Item 11.         Security Ownership of Certain Beneficial Owners and Management and Related Stockholder       15
                     Matters......................................................................................
    Item 12.         Certain Relationships and Related Transactions; Director Independence........................16
    Item 13.         Exhibits.....................................................................................16
    Item 14.         Principal Accountant Fees and Services.......................................................17
</TABLE>

Signatures
Certification

                                       3

<PAGE>



Forward-Looking Statements

         This Annual Report on Form 10-KSB contains forward-looking information.
Forward-looking  information  includes  statements  relating to future  actions,
future  performance,  costs and expenses,  outcome of  contingencies,  financial
condition, results of operations,  liquidity, business strategies, cost savings,
objectives of management, and other such matters of Global General Technologies,
Inc.  (the  "Company").  The Private  Securities  Litigation  Reform Act of 1995
provides a "safe harbor" for forward-looking  information to encourage companies
to provide  prospective  information about themselves without fear of litigation
so long as that information is identified as forward-looking  and is accompanied
by meaningful  cautionary  statements  identifying  important factors that could
cause  actual  results  to  differ   materially  from  those  projected  in  the
information.  Forward-looking  information may be included in this Annual Report
on Form 10-KSB or may be  incorporated  by reference from other  documents filed
with the Securities and Exchange Commission (the "SEC") by the Company.  Many of
these  statements  can be found by looking  for words  including,  for  example,
"believes," "expects," "anticipates," "estimates" or similar expressions in this
Annual Report on Form 10-KSB or in documents  incorporated  by reference in this
Annual Report on Form 10-KSB.  The Company  undertakes no obligation to publicly
update or revise  any  forward-looking  statements,  whether  as a result of new
information  or future events,  except as required under the federal  securities
laws.

         The Company has based the  forward-looking  statements  relating to the
Company's  operations  on  management's  current  expectations,  estimates,  and
projections  about the Company  and the  industry  in which it  operates.  These
statements  are  not  guarantees  of  future   performance  and  involve  risks,
uncertainties  and assumptions  that the Company cannot predict.  In particular,
the Company has based many of these  forward-looking  statements on  assumptions
about future events that may prove to be inaccurate.  Accordingly, the Company's
actual  results  may  differ   materially  from  those   contemplated  by  these
forward-looking  statements.  Any  differences  could  result  from a variety of
factors, including, but not limited to general economic and business conditions,
the inability to raise sufficient  funding,  commence  research and development,
inadequate   results  of  the  research  and   development   project,   lack  of
marketability,   operating  costs,  advertising  and  promotional  efforts,  the
existence  or absence of adverse  publicity,  changes in  business  strategy  or
development  plans, the ability to retain  management,  availability,  terms and
deployment   of  capital;   business   abilities   and  judgment  of  personnel,
availability  of  qualified  personnel,  changes  in, or failure to comply  with
various  government  regulations  and  slower  than  anticipated  completion  of
research and development project.  Actual results may also differ as a result of
factors over which we have no control,  including  general economic and business
conditions;  effects of war or  terrorists  acts on the  capital  markets or the
Company's activities.

                                       4

<PAGE>



                                     PART I

Item 1. Description of Business

History

According  to the  Company's  Annual  Report on Form  10-KSB for the fiscal year
ended December 31, 2003, the Company was formed on April 26, 1993 under the laws
of Nevada.  From its date of formation  until  December  31,  2002,  the Company
engaged in the development and sale of  technology-based  training solutions and
software  programs  that were used to teach and  train  individuals  to  operate
popular  business and home use software  programs.  The Company ceased  business
operations during 2002.

Since October 2004, when Shmuel Shneibalg, our chief executive officer, acquired
a controlling  interest in the Company, the Company has been seeking to identify
profitable business  opportunities in which to invest.  Since February 2005, the
Company has focused on the  acquisition  of  businesses  engaged in the homeland
security industry.  On July 5, 2005, the Company changed its corporate name from
"Knowledge Transfer Systems, Inc." to "Global General Technologies, Inc."

The Company is in the development stage and has not had any revenues since 2002.

We do not  have  sufficient  funds  to  effectuate  our  business  plan  without
additional  financial  resources.  We expect to incur a minimum of approximately
$1,000,000 in expenses  during the next twelve months of  operations,  primarily
for research and development, sales and marketing.  Additionally,  approximately
$750,000  will be needed for general  overhead  expenses  such as for  salaries,
corporate legal and accounting  fees,  office overhead and working  capital.  We
will have to issue  our debt or equity  securities,  or enter  into a  strategic
arrangement  with a third party, to implement our business plan. There can be no
assurance  that  additional  capital will be available to us. We do not have any
agreements,  arrangements or  understandings to obtain funds through bank loans,
lines of credit or other means of financing.

Business

The Company,  through its wholly-owned  subsidiary H7 Security Systems,  Inc., a
Nevada  corporation,  designs,  implements  and maintains  advanced  intelligent
surveillance  systems/products  for homeland  security to be deployed in defense
settings,  serving as early warning  systems for the  protection of key national
infrastructure assets for both domestic and international environments.

Management  believes that key national  infrastructure  assets are  constantly a
risk and represent a huge opportunity.  Accordingly,  the Company has decided to
focus developing and marketing early warning systems to protect oil refineries.



                                       5
<PAGE>

The Company has  completed  the  development  of its first  product,  the Silent
Soldier  Video  Surveillance  product,  and has  commenced the marketing of such
product.  This product  leverages  its  object-tracking  and  intelligent  video
software  to  determine  the  viability  of a  threat,  based on  pre-determined
criteria.  In connection with its 360 degrees of view, its long-range capability
enables ease of observation in the  determination of `qualified  activity.' This
automated  technology  is equally  effective  at night as it is in the  daytime,
providing a remote  interdiction  system that truly  defines  early-warning.  We
intend  to  market  and  distribute   the  product   through  agents  and  sales
representatives.

The Silent  Soldier has been  engineered  specifically  to be used at high value
large scale  facilities  such as oil  refineries,  pipeline,  port terminals and
military  installations.  Founded on intelligent  video,  advanced sensors and a
proprietary  seamless  communication  technology,  the system was  developed  to
provide  protection  through long range  threat  detection  and  identification.
Unlike current security systems,  this  early-warning  technology  distinguishes
itself by providing a preventative  security system, rather than one designed as
reactionary to attacks.

It is anticipated  that the system will be accomplished by utilizing an advanced
intelligent  software  technology  accompanied with existing available hardware,
including superior collection  devices,  e.g., video, audio, ground sensors etc.
The Company  intends to develop a  proprietary  Intelligent  Communication  Node
(ICN) to  configure  many forms of real time data for  analysis.  Such  analysis
could be forwarded to a central command center, to permit instantaneous response
decisions in the event terrorist activity occurs.

The  marketing   plans   initiated  by  the  Company  will  initially  call  for
arrangements  with  independent  sales  agents  from  China,  India,  Japan  and
Columbia,  who have expressed an interest in  representing  the Company in their
respective  countries.  The Company anticipates  initially focusing on marketing
and selling its products to oil refineries.

In January  2006,  the Company  entered into a contract to purchase  100% of the
common stock of AirSpeak,  Inc., a California  corporation,  for 750,000  common
shares of the Company plus  $230,000 in cash payable over the next twelve months
after the closing. The Company has determined to terminate such agreement and no
longer intends to consummate such transaction.

The Company in an integrator of solutions and purchases off the shelf products.
Therefore the risk of lack of suppliers  and  materials is almost  non-existent.
For the development of proprietary software, various independent contractors are
available.





                                       6
<PAGE>

Competition

Service companies such as SAIC and Logicon and aerospace-defense  companies such
as Lockheed,  Raytheon and  Northrup-Grumman,  and many other smaller  companies
have entered the market for homeland security products and solutions.

Intellectual Property

We do not have any patents or trademarks.

Governmental Approvals; Governmental Regulation

In order to import or export defense products or services, International Traffic
in Arms Regulation certification is typically required. Management believes that
ITAR  regulations  will not be  necessary  as a  result  of the  integration  of
products and the type of command and control technology software being developed
by the Company.

Employees

As of May 31, 2007, the Company employed 3 full-time and 3 part-time employees.

Item 2.  Properties

The Company uses  approximately 500 square feet at its principal offices located
at 201 South Biscayne Boulevard,  28th Floor Miami Center, Miami, Florida 33131,
at a cost of $500 a month, on a month-to-month  basis.  Management believes such
space is adequate for the Company's corporate headquarters. H7 Security Systems,
Inc. is a tenant  occupying  2,147 square feet at 2055 Gateway Place,  San Jose,
California.  The monthly rent under the lease for this space,  which  terminates
July 31,  2008,  is $4,254 for the first year  (February  2006  through July 31,
2007), $4,465.76 for the second year and $4,644.68 for the third year. The lease
was guaranteed by Appleby Partners, a New York limited liability company.

Item 3.  Legal Proceedings

There are no pending  legal  proceedings  to which the  Company is a party or in
which any director,  officer or affiliate of the Company, any owner of record or
beneficially  of more than 5% of any class of voting  securities of the Company,
or security holder is a party adverse to the Company or has a material  interest
adverse to the Company. The Company's property is not the subject of any pending
legal proceedings.

Item 4.  Submission of Matters to a Vote of Security Holders

No  matters  were  submitted  to a vote of  security  holders  during the fourth
quarter of the fiscal year covered by this report.



                                       7
<PAGE>

                                     PART II

Item 5. Market for Company's  Common  Equity,  Related  Stockholder  Matters and
Issuer Purchases of Equity Securities

Market Information.

The  Company's  Common  Stock  trades on the  Bulletin  Board  under the  symbol
GLGT.OB.  The  following  table sets forth the range of  quarterly  high and low
closing    bid    information    of   the   common    stock   as   reported   on
http://www.bloomberg.com for the periods indicated.

--------------------------------- ------------------------------------
       Financial Quarter                   Bid Information*
--------------------------------- ------------------------------------
   Year            Quarter            High Bid           Low Bid
------------ -------------------- ----------------- ------------------
2006         Fourth Quarter       $0.04             $0.025
------------ -------------------- ----------------- ------------------
             Third Quarter        $0.065            $0.04
------------ -------------------- ----------------- ------------------
             Second Quarter       $0.075            $0.05
------------ -------------------- ----------------- ------------------
             First Quarter        $0.9              $0.007
------------ -------------------- ----------------- ------------------
2005         Fourth Quarter       $0.9              $2.25
------------ -------------------- ----------------- ------------------
             Third Quarter        $0.6              $0.9
------------ -------------------- ----------------- ------------------
             Second Quarter       $0.25             $1.0
------------ -------------------- ----------------- ------------------
             First Quarter        $1.00             $0.12
------------ -------------------- ----------------- ------------------

* The quotations do not reflect  inter-dealer  prices,  without retail  mark-up,
mark-down or commission and may not represent actual transactions.

(b) Holders.  On May 14, 2007, there were approximately  1,396 holders of record
of the Company's common stock.

(c)  Dividends.  The Company has not declared or paid any cash  dividends on its
common  stock  nor does it  anticipate  paying  any in the  foreseeable  future.
Furthermore,  the Company  expects to retain any future  earnings to finance its
operations and expansion. The payment of cash dividends in the future will be at
the  discretion  of its Board of  Directors  and will depend  upon its  earnings
levels,  capital requirements,  any restrictive loan covenants and other factors
the Board considers relevant.

Recent Sales of Unregistered Securities

During the year ended  December  31,  2006,  we issued  2,546,429  shares of our
common stock in exchange for $387,500 of notes payable.  In addition,  we issued
31,009,365 shares of our common stock for expenses valued at $2,989,833. We also
issued  7,250,000  shares of common stock in a share exchange  agreement with H7
Security Systems, Inc.



                                       8
<PAGE>

The foregoing issuances were made in reliance on the exemption from registration
under Section 4(2) of the  Securities  Act of 1933, as amended (the  "Securities
Act") and Rule 506 of Regulation D promulgated  thereunder.  No compensation was
paid to any underwriter or broker in connection with any of those transactions.

Purchases of equity securities by the issuer and affiliated purchasers.

None

Item 6.  Management's Discussion and Analysis or Plan of Operation

The Company is in the development stage and has not had any revenues since 2002.

Since February  2005,  the Company has focused on the  acquisition of businesses
engaged in the homeland security industry. The Company, through its wholly-owned
subsidiary,  H7  Security  Systems,  Inc.,  designs,  implements  and  maintains
advanced intelligent  surveillance  systems/products for homeland security to be
deployed  in  defense  settings,  serving  as  early  warning  systems  for  the
protection  of  key  national   infrastructure  assets  for  both  domestic  and
international environments. Management believes that key national infrastructure
assets are constantly a risk and represent a huge opportunity.  Accordingly, the
Company has decided to focus on developing and marketing  early warning  systems
to protect oil refineries.

Plan of Operation.

The Company has completed and commenced marketing its first product,  the Silent
Soldier Video Surveillance  product.  This product leverages its object-tracking
and intelligent video software to determine the viability of a threat,  based on
pre-determined  criteria.  In  connection  with its 360  degrees  of  view,  its
long-range  capability  enables  ease of  observation  in the  determination  of
`qualified activity', This automated technology is equally effective at night as
it is in the daytime,  providing a remote interdiction system that truly defines
early-warning. We intend to market and distribute the product through agents and
sales representatives.

The Silent  Soldier has been  engineered  specifically  to be used at high value
large scale  facilities  such as oil  refineries,  pipeline,  port terminals and
military  installations.  Founded on intelligent  video,  advanced sensors and a
proprietary  seamless  communication  technology,  the system was  developed  to
provide  protection  through long range  threat  detection  and  identification.
Unlike current security systems,  this  early-warning  technology  distinguishes
itself by providing a preventative  security system, rather than one designed as
reactionary to attacks.



                                       9
<PAGE>

It is anticipated  that the system will be accomplished by utilizing an advanced
intelligent  software  technology  accompanied with existing available hardware,
including superior collection  devices,  e.g., video, audio, ground sensors etc.
The Company  intends to develop a  proprietary  Intelligent  Communication  Node
(ICN) to  configure  many forms of real time data for  analysis.  Such  analysis
could be forwarded to a central command center, to permit instantaneous response
decisions in the event terrorist activity occurs.

The  marketing   plans   initiated  by  the  Company  will  initially  call  for
arrangements  with  independent  sales  agents  from  China,  India,  Japan  and
Columbia,  who have expressed an interest in  representing  the Company in their
respective  countries.  The Company anticipates  initially focusing on marketing
and selling its products to oil refineries.

Liquidity and Capital Resources

At December 31, 2006, the Company's  liabilities  ($616,523) exceeded its assets
($24,639) by  approximately  $591,884,  and the Company had $24,639 in available
cash. We do not have  sufficient  funds to effectuate  our business plan without
additional  financial  resources.  We expect to incur a minimum of approximately
$1,000,000 in expenses  during the next twelve months of  operations,  primarily
for research and development, sales and marketing.  Additionally,  approximately
$750,000  will be needed for general  overhead  expenses  such as for  salaries,
corporate legal and accounting fees, office overhead and working capital.

We will have to issue our debt or equity  securities,  or enter into a strategic
arrangement  with a third party, to implement our business plan. There can be no
assurance  that  additional  capital will be available to us. We do not have any
agreements,  arrangements or  understandings to obtain funds through bank loans,
lines of credit or other means of financing.

Off-Balance Sheet Arrangements
None.

Going Concern Considerations

The  Company  has an  accumulated  deficit  as of  December  31,  2006  and 2005
$14,656,481  and  $10,564,040,  respectively,  and no source of  revenue.  These
conditions raise  substantial doubt about the Company's ability to continue as a
going concern.  The Company needs to obtain additional financing to fund payment
of obligations and to provide working capital for operations.




                                       10
<PAGE>


Item 7.  Financial Statements









                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A Development Stage Company)

                                       -:-

                        CONSOLIDATED FINANCIAL STATEMENTS
                                       AND
               REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS

                           DECEMBER 31, 2006 AND 2005

















                                       11
<PAGE>




                        GLOBAL GENERAL TECHNOLOGIES, INC.

                          INDEX TO FINANCIAL STATEMENTS

<TABLE>
<CAPTION>
                                                                                                          Page
<S>                                                                                                       <C>
Report Independent Registered Public Accountants..........................................................F - 1

Consolidated Balance Sheets - December 31, 2006 and 2005..................................................F - 2

Consolidated Statements of Operations for the Years Ended December 31, 2006 and 2005,
     and the cumulative period from September 15, 2003 (Inception of Development Stage)
     to December 31, 2006  ...............................................................................F - 3

Consolidated Statements of Stockholders' Equity for the Period From
     June 1, 2000 (inception) to December 31, 2006........................................................F - 4

Consolidated Statements of Cash Flows for the Years Ended December 31, 2006 and 2005,
     and the cumulative period from September 15, 2003 (Inception of Development Stage)
     to December 31, 2006   ..............................................................................F - 7

Notes to the Consolidated Financial Statements............................................................F - 8
</TABLE>


                           --------------------------


<PAGE>





               REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS


To the Board of Directors and the Shareholders
Global General Technologies, Inc.
 (A Development Stage Company)

         We have audited the accompanying  consolidated  balance sheet of Global
General  Technologies,  Inc. (a  development  stage company) (the Company) as of
December  31,  2006  and  2005,  and  the  related  consolidated  statements  of
operations,  and cash flows for the two years ended  December  31, 2006 and 2005
and the  consolidated  statement  of  stockholders'  equity  from  June 1,  2000
(inception)  to  December  31,  2006.   These   financial   statements  are  the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these financial statements based on our audit.

         We conducted our audits in accordance  with the standards of the Public
Company Accounting Oversight Board (United States). Those standards require that
we plan and perform the audit to obtain  reasonable  assurance about whether the
financial  statements  are free of  material  misstatement.  The  Company is not
required  to have,  nor were we engaged  to  perform,  an audit of its  internal
control over financial reporting.  Our audit included  consideration of internal
control over financial  reporting as a basis for designing audit procedures that
are appropriate in the  circumstances,  but not for the purpose of expressing an
opinion on the  effectiveness  of the company's  internal control over financial
reporting.  Accordingly,  we express  no such  opinion.  An audit also  includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial   statements,   assessing  the  accounting  principles  used  and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

         In our opinion, the consolidated financial statements referred to above
present  fairly,  in all material  respects,  the  financial  position of Global
General Technologies, Inc. (a development stage company) as of December 31, 2006
and 2005, and the results of their  operations and their cash flows for the year
then ended in conformity with accounting  principles  generally  accepted in the
United States of America.

         The accompanying  consolidated  financial statements have been prepared
assuming that the Company will continue as a going concern. As discussed in Note
1 to the financial  statements,  the Company has suffered  recurring losses from
operations and has a net capital  deficiency that raise  substantial doubt about
its  ability to  continue as a going  concern.  Management's  plans in regard to
these  matters are also  described in Note 1. The  financial  statements  do not
include any adjustments that might result from the outcome of this uncertainty.



                                                   /S/ ROBISON, HILL & CO.
                                                   Certified Public Accountants

Salt Lake City, Utah
May 10, 2007


                                      F-1
<PAGE>

                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                               December 31,         December 31,
                                                                             ------------------   -----------------
                                                                                   2006                 2005
                                                                             ------------------   -----------------
                                  ASSETS
Current Assets:
<S>                                                                         <C>                  <C>
    Cash                                                                    $           24,639   $         331,819
                                                                             ------------------   -----------------
    Total Current Assets                                                                24,639             331,819

Other Assets:
     Deferred charges                                                                        -              30,250
                                                                             ------------------   -----------------

Total Assets                                                                $           24,639   $
                                                                                                           362,069
                                                                             ==================   =================

                   LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
     Trade accounts payable                                                 $          199,121   $          19,666
     Due to Asset Growth Partners                                                      217,402                   -
     Escrow advance                                                                    200,000             200,000
                                                                             ------------------   -----------------
     Total Current Liabilities                                                         616,523             219,666
                                                                             ------------------   -----------------

Long Term Liabilities:
     Convertible notes payable                                                               -             387,500
     Beneficial conversion feature of notes payable                                          -            (368,320)
                                                                             ------------------   -----------------
     Total Long Term Liabilities                                                             -              19,180
                                                                             ------------------   -----------------

Total Liabilities                                                                      616,523             238,846
                                                                             ------------------   -----------------

Stockholders' Equity:
     Preferred stock - $0.001 par value; 10,000,000 shares
     authorized
          Series A  convertible preferred stock; -0- shares
               issued and outstanding; $1.00 stated value                                    -                   -
          Series B convertible preferred stock; -0- shares
               issued and outstanding; $1,000.00 stated value                                -                   -
     Common stock - $0.001 par value; 100,000,000
          shares authorized; 53,043,663 and 12,237,869 shares
          issued and outstanding                                                        53,044              12,237
     Additional paid-in capital                                                     14,611,553          11,275,026
     Notes receivable from stockholders                                               (600,000)           (600,000)
     Accumulated deficit                                                            (6,860,545)         (6,860,545)
     Deficit accumulated during development stage                                   (7,795,936)         (3,703,495)
                                                                             ------------------   -----------------

     Total Stockholders' Equity                                                       (591,884)            123,223
                                                                             ------------------   -----------------

Total Liabilities and Stockholders' Equity                                  $           24,639   $         362,069
                                                                             ==================   =================
</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                      F-2
<PAGE>




                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                                                                             Cumulative
                                                                                                                From
                                                                                                            September 15,
                                                                   For the               For the                2003
                                                                  Year Ended           Year Ended           Inception of
                                                                 December 31,         December 31,           Development
                                                                     2006                 2005                  Stage
                                                              -------------------   ------------------  --------------------
<S>                                                          <C>                   <C>                   <C>
Sales                                                        $                 -   $                -    $                -
                                                              -------------------   ------------------    ------------------

Operating Expenses
     Compensation                                                              -              145,450               422,452
     Consulting                                                        3,565,016              358,952             3,923,968
     Professional fees                                                    59,943              227,392               388,333
     Commissions                                                          30,250              249,710               279,960
     General and administrative                                           59,237              622,994               684,148
                                                              -------------------   ------------------    ------------------
Total Operating Expenses                                               3,714,446            1,604,498             5,698,861
                                                              -------------------   ------------------    ------------------

Other Income (Expense)
     Interest expense from convertible notes                            (377,995)          (1,239,080)           (1,617,075)
     Write down of uncollectible advances                                      -             (480,000)             (480,000)
                                                              -------------------   ------------------    ------------------
Total Other Income (Expense)                                            (377,995)          (1,719,080)           (2,097,075)
                                                              -------------------   ------------------    ------------------

Net Income (Loss)                                            $        (4,092,441)  $       (3,323,578)   $       (7,795,936)
                                                              ===================   ==================    ==================


                                                              -------------------   ------------------
Basic and Diluted Income (Loss) Per Share                    $             (0.17)  $            (0.87)
                                                              ===================   ==================

Weighted Average Number of Common Shares
Used in Per Share Calculation                                         23,716,931            3,837,896
                                                              ===================   ==================
</TABLE>



   The accompanying notes are an integral part of these financial statements.



                                      F-3
<PAGE>



                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A Development Stage Company)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
<TABLE>
<CAPTION>
                                                                                                                    Cumulative
                                                                                                                       From
                                                                                        Notes                       Sept 15, 2003
                                                                         Additional   Receivable                     Inception of
                                        Preferred Stock    Common Stock    Paid-In       From       Retained          Development
                                         --------------   --------------
                                         Shares  Amount   Shares  Amount   Capital   Stockholders    Deficit             Stage
                                         ------  ------   ------  ------  ----------  ------------   -----------   -----------------
<S>                                      <C>     <C>     <C>      <C>    <C>          <C>            <C>           <C>
Stock Issued for net assets                   -   $   -  166,237   $166  $3,583,834     $      -      $       -          $       -
   Acquired, June 1, 2000
Expenses paid by shareholder                  -       -      728      1     231,295            -              -                  -
Cash contributed by shareholder               -       -      626      1     198,999            -              -                  -
Notes payable and accrued interest
   assumed by shareholder                     -       -      624      1     198,400            -              -                  -
Net loss for the period                       -       -        -      -           -            -    (1,177,091)                  -
                                         ------  ------   ------  ------  ----------  ------------   -----------   -----------------

Balance - December 31, 2000                   -       -  168,215    169   4,212,528            -    (1,177,091)                  -
Expenses paid by shareholder                  -       -    1,097      1     348,621            -              -                  -
Accounts payable and interest paid
   by shareholder                             -       -    1,725      2     548,012            -              -                  -
Assumption of note payable
   from shareholder                           -       -     (78)      -    (25,000)            -              -                  -
Shares issued for services                    -       -    8,000      8     199,992            -              -                  -
Shares issued for notes receivable
   from stockholders, $.05 per share          -       -   46,100     46   1,152,454  (1,042,500)              -                  -
Shares issued for notes receivable
   from stockholders, $.10 per share          -       -    5,030      5     251,495    (181,500)              -                  -
Services received in satisfaction of
   notes receivable from stockholders         -       -        -      -           -      360,000              -                  -
Acquisition of GoThink!.com                   -       -      496      -           -            -              -                  -
Private placement offering for cash           -       -    1,680      2     209,998            -              -                  -
Foreign private placement offering
   for cash                                   -       -      473      -      21,570            -              -                  -
Cancellation of common stock and
   related note receivable                    -       -      (5)      -       (250)          250              -                  -
Cash received on notes receivable
   from stockholders                          -       -        -      -           -       75,000              -                  -
</TABLE>



                                      F-4
<PAGE>



                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A Development Stage Company)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

<TABLE>
<CAPTION>
                                                                                                                       Cumulative
                                                                                                                        From
                                                                                                                     September 15,
                                                                                       Notes                              2003
                                                                         Additional  Receivable                       Inception of
                                    Preferred Stock      Common Stock       Paid-In    From        Accumulated        Development
                                  -------------------  ----------------
                                    Shares     Amount   Shares    Amount    Capital Stockholders    Deficit             Stage
                                  ---------  ---------  -------  -------  ---------  ----------   -----------  -------------------
<S>                               <C>        <C>        <C>      <C>      <C>        <C>          <C>          <C>
Net loss for the year                     -    $     -        -  $     -   $      -    $      -   $(3,385,139)           $      -
                                  ---------  ---------  -------  -------  ---------  ----------   -----------  -------------------

Balance - December 31, 2001               -          -  232,733      233  6,919,420   (788,750)    (4,562,230)                  -
Issuance of common stock                  -          -   18,112       18    311,687           -              -                  -
Issuance of common stock for
   Services provided                      -          -    6,100        6    113,494           -              -                  -
Cancellation of common stock
   And related note receivable            -          -    (500)      (1)   (24,999)      25,000              -                  -
Issuance of Series A preferred
   Stock for software               875,000    875,000        -        -          -           -              -                  -
Cancellation of note receivable
   From shareholders                      -          -        -        -  (163,750)     163,750              -                  -
Net Income (loss) for year                -          -        -        -          -           -    (3,603,276)                  -
                                  ---------  ---------  -------  -------  ---------  ----------   -----------  -------------------

Balance - December 31, 2002         875,000    875,000  256,445      256  7,155,852   (600,000)    (8,165,506)                  -
Issuance of common stock for
   Services provided                      -          -    2,000        2      1,998           -              -                  -
Cancellation of common stock
   For capitalized software               -          -  (3,800)      (4)    (7,596)           -              -                  -
Cancellation of preferred stock
   For content license and
   Resale agreement               (875,000)  (875,000)        -        -          -           -              -                  -
Capital contributed by shareholder        -          -        -        -    227,500           -              -                  -
Net Income (loss) for year                -          -        -        -          -           -       (97,575)           (23,848)
                                  ---------  ---------  -------  -------  ---------  ----------   -----------  -------------------

Balance - December 31, 2003               -          -  254,645      254  7,377,754   (600,000)    (8,263,081)           (23,848)
</TABLE>



                                      F-5
<PAGE>

                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A Development Stage Company)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

<TABLE>
<CAPTION>
                                                                                                                         Cumulative
                                                                                                                           From
                                                                                             Notes                     Sept 15, 2003
                                                                               Additional  Receivable                   Inception of
                                       Preferred Stock      Common Stock         Paid-In      From       Accumulated     Development
                                       ----------------  -------------------
                                       Shares   Amount      Shares    Amount     Capital   Stockholders     Deficit         Stage
                                       ------  --------  ----------  --------  -----------  -----------  ------------  -------------
<S>                                    <C>     <C>       <C>         <C>       <C>          <C>          <C>           <C>
Shares issued for services                  -   $     -   2,293,224  $  2,293   $  249,962    $       -    $        -      $       -
Net Income (loss) for year                  -         -           -         -            -            -     1,402,536      (356,069)
                                       ------  --------  ----------  --------  -----------  -----------  ------------  -------------

Balance - December 31, 2004                 -         -   2,547,869     2,547    7,627,716    (600,000)   (6,860,545)      (379,917)
Beneficial Conversion Feature of
     Convertible Notes                      -         -           -         -    1,607,000            -             -              -
Shares issued for convertible notes at
     $.07 per share                         -         -   6,500,000     6,500      448,500            -             -              -
Shares issued for convertible notes at
     $.50 per share                         -         -   3,190,000     3,190    1,591,810            -             -
Net Income (loss) for year                  -         -           -         -            -            -             -    (3,323,578)
                                       ------  --------  ----------  --------  -----------  -----------  ------------  -------------

Balance - December 31, 2005                 -            12,237,869    12,237   11,275,026    (600,000)   (6,860,545)    (3,703,495)
                                                      -
Shares issued for convertible notes at
    $.15 per share                          -         -   2,546,429     2,547      384,953            -             -              -
Shares issued for services                  -         -  31,009,365    31,010    2,951,574            -             -              -
Shares issued in exchange for shares
   of H7 Security Systems, Inc.             -         -   7,250,000     7,250            -            -             -              -
Net Income (loss) for year                  -         -           -         -            -            -             -    (4,092,441)
                                       ------  --------  ----------  --------  -----------  -----------  ------------  -------------

Balance - December 31, 2006                 -   $     -  53,043,663  $ 53,044  $14,611,553   $(600,000)  $(6,860,545)  $ (7,795,936)
                                       ======  ========  ==========  ========  ===========  ===========  ============  =============
</TABLE>



   The accompanying notes are an integral part of these financial statements.



                                      F-6
<PAGE>


                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                                  Cumulative
                                                                                                     From
                                                                                                 September 15
                                                            For the             For the              2003
                                                           Year Ended          Year Ended        Inception of
                                                          December 31,        December 31,        Development
                                                              2006                2005               Stage
                                                       ------------------- ------------------- ------------------
Cash Flows From Operating Activities
<S>                                                          <C>                 <C>                <C>
Net loss                                                     $ (4,092,441)       $ (3,323,578)      $ (7,795,936)
Adjustments to reconcile net loss to net cash
  used in operating activities:
     Interest expense from convertible notes                      368,320           1,238,680          1,607,000
     Write down of uncollectible advances                               -             480,000            480,000
     Common stock issued for services                           2,989,834                   -          3,242,089
Changes in Assets and Liabilities
     Deferred charge                                               30,250             (30,250)                 -
     Accrued interest on notes payable                              9,675                   -              9,675
     Trade accounts payable                                       179,455               9,467            116,584
                                                       ------------------- ------------------- ------------------
Net cash used in operating activities                            (514,907)         (1,625,681)        (2,340,588)
                                                       ------------------- ------------------- ------------------

Cash Flows from Investing Activities
Cash advances to GGT                                                    -            (480,000)          (480,000)
                                                       ------------------- ------------------- ------------------
Net cash used in investing activities                                   -            (480,000)          (480,000)
                                                       ------------------- ------------------- ------------------

Cash Flows from Financing Activities
Escrow advance                                                          -                   -            200,000
Advances from Asset Growth Partners                               207,727                   -            207,727
Convertible note financing                                              -           2,437,500          2,437,500
                                                       ------------------- ------------------- ------------------
Net cash provided by financing activities                         207,727           2,437,500          2,845,227
                                                       ------------------- ------------------- ------------------

Net Increase/(Decrease) In Cash                                  (307,180)                  -             24,639
Cash at Beginning of Period                                       331,819                   -                   -
                                                       ------------------- ------------------- ------------------
Cash at End of Period                                        $     24,639       $     331,819          $   24,639
                                                       =================== =================== ==================

Supplemental Disclosure of Cash Flow Information
Cash paid for income taxes                                $             -        $          -       $          -
Cash paid for interest                                    $             -        $        400       $        400

Supplemental Schedule of Noncash Investing and Financing Activities
Beneficial Conversion Feature of Convertible Notes        $             -        $  1,607,000       $  1,607,000
Write Down of Uncollectible Advances                      $             -        $    480,000       $    480,000
Common stock issued for services provided                 $     2,989,834        $          -       $  3,242,089
Conversion of notes payable                               $       387,500        $          -       $    387,500
Common stock issued in exchange for H7 stock              $         7,250        $          -       $      7,250
</TABLE>

The accompanying notes are an integral part of these financial statements.


                                      F-7
<PAGE>



                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

ORGANIZATION  -  On  August  1,  1992   Missaticum,   Inc.  dba  QtrainCorp  was
incorporated under the laws of the State of California.  On October 4, 1996, its
name was  changed  to KT  Solutions,  Inc.  It was  formed  for the  purpose  of
developing  technology based training  solutions.  It creates software  programs
that are used to teach and train individuals how to operate popular business and
home use software programs.

On June 1, 2000, the former  shareholders of KT Solutions,  Inc.  entered into a
stock exchange  agreement with enSurge,  Inc. (enSurge) whereby enSurge acquired
all of the  outstanding  common  shares of KT  Solutions,  Inc.  from its former
shareholders in exchange for the issuance of 500,000 shares of enSurge's  common
stock and options to purchase  250,000 shares of enSurge's common stock at $4.00
per share.  In addition,  enSurge issued  warrants to purchase  50,000 shares of
common  stock at $0.10 per share as a finder's  fee.  As a result,  the  Company
became a wholly-owned subsidiary of enSurge, Inc.

The acquisition of KT Solutions, Inc. was recorded by enSurge using the purchase
method of accounting.  The 500,000 common shares issued and the 300,000  options
issued were  recorded at their fair values of  $2,240,000  ($4.48 per share) and
$1,120,000,  respectively.  The value of the  options was  determined  using the
Black-Scholes  option  pricing model with the following  assumptions:  risk free
interest rate of 6.0%,  expected  dividend  yield of 0%,  volatility of 577% and
expected life of 5 years.

For  financial  reporting  purposes,  KT  Solutions,  Inc. was  considered a new
reporting entity on June 1, 2000. The accompanying  financial statements reflect
the  operations of KT Solutions,  Inc. from June 1, 2000. The purchase price was
allocated to the assets and  liabilities at their fair value.  The excess of the
purchase price over the fair value of the net assets acquired was $4,342,278 and
was allocated to goodwill.  Goodwill was being  amortized over five years by the
straight-line method.

REORGANIZATION - On April 25, 2001, enSurge,  Inc.  consummated a stock exchange
agreement with GoThink!.com,  Inc., a publicly held Nevada corporation,  whereby
all of the  1,368,387  outstanding  common  shares of KT  Solutions,  Inc.  were
transferred  to   GoThink!.com   Inc.  in  exchange  for  8,000,000   shares  of
GoThink!.com,  Inc.  common  stock.  As a  result  of  the  stock  exchange,  KT
Solutions,  Inc.  became  a  wholly-  owned  subsidiary  of  GoThink!.com,  Inc.
GoThink!.com, Inc. had 496 shares of common stock outstanding prior to the stock
exchange but after a 1-for-100 reverse stock split.

The stock exchange has been accounted for as the reorganization of KT Solutions,
Inc.  Accordingly,  the accompanying  financial statements have been restated to
reflect the effects of the 5.84-for-1  equivalent stock split that resulted from
8,000,000  shares of  GoThink!.com,  Inc. being issued in exchange for 1,368,387
previously outstanding shares of KT Solutions,  Inc.  GoThink!.com,  Inc. had no
assets or operations prior to or at the date of the reorganization. Accordingly,
the acquisition of GoThink!.com,  Inc. was not considered a business combination
but was  considered  the issuance of common stock in exchange for the assumption
of  liabilities.   The  496  common  shares  held  by  the  GoThink!.com,   Inc.
shareholders  that remained  outstanding were recorded as issued in exchange for
the assumption of $57,560 of accounts  payable.  The operations of GoThink!.com,
Inc. have been included in the accompanying  financial  statements from April 1,
2001  (which  was  the   beginning  of  the   accounting   period  during  which
GoThink!.com, Inc. was purchased).


                                      F-8
<PAGE>


                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES
(Continued)

On April 23, 2001,  the articles of  incorporation  of  GoThink!.com,  Inc. were
amended  to change  its name to  Knowledge  Transfer  Systems,  Inc.  (hereafter
referred to as the Company) and to modify the authorized capital for the Company
such that the Company is  authorized  to issue  10,000,000  shares of  preferred
stock  having a par value of $0.001 per share and  100,000,000  shares of common
stock  having a par  value of  $0.001  per  share.  The  accompanying  financial
statements have been adjusted to reflect the change in the authorized capital.

BANKRUPTCY  OF  SUBSIDIARY  - On  September  15,  2003,  KT  Solutions,  Inc., a
California  corporation  and wholly owned  subsidiary of the Company,  filed for
Chapter 7 bankruptcy in Alameda County, Oakland, California.

CHANGE IN CONTROL - An Information Statement was filed on or about June 3, 2005,
to the holders of record as of the close of business on March 31, 2005 of shares
of the common stock (the "Common  Stock") of Knowledge  Transfer  Systems,  Inc.
(the "Company"), a Nevada corporation.  The purpose of the Information Statement
was to notify such  stockholders  that on April 5, 2005, the Company  received a
written  consent in lieu of a meeting of  stockholders  (the "Written  Consent")
from the holders of a majority of the  outstanding  shares of Common  Stock (the
"Majority Stockholders").  The Majority Stockholders are holders of 2,293,547 of
the issued and outstanding  shares of Common Stock  (representing  approximately
90%). The Written Consent  approves the Certificate of Amendment to the Articles
of  Incorporation  of the Company (the  "Certificate of Amendment")  pursuant to
which the Company's name will be changed to "Global General Technologies,  Inc."
(the "Name Change").

USE OF ESTIMATES - The  preparation of financial  statements in conformity  with
generally accepted  accounting  principles requires management to make estimates
and assumptions  that affect the reported  amounts of assets and liabilities and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from these estimates.

BUSINESS  CONDITION - The Company has an accumulated  deficit as of December 31,
2006 and 2005  $14,656,481  and  $10,564,040,  respectively,  and no  source  of
revenue. These conditions raise substantial doubt about the Company's ability to
continue as a going concern. The Company needs to obtain additional financing to
fund  payment of  obligations  and to provide  working  capital for  operations.
Management is seeking additional financing. In December 2005, the Company formed
H7 Security Systems, Inc. a Nevada corporation.  The financial statements do not
include any adjustments  relating to the  recoverability  and  classification of
asset carrying  amounts or the amount and  classification  of  liabilities  that
might result should the Company be unable to continue as a going concern.


                                      F-9
<PAGE>



                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES
(Continued)

NATURE OF OPERATIONS - The Company,  through its subsidiary H7 Security Systems,
Inc.,  is involved in  developing  and  marketing  proprietary  technology-based
homeland security products. With the acquisition of AirSpeak, management intends
to expand the sales of the Flair  product  line in the various  markets that are
currently being served and incorporate the Flair technology into its proprietary
homeland  security  product line. The Company intends to acquire other interests
in the homeland security industry.  As of September 15, 2003, the Company was in
the development  stage. On October 12, 2004, the Company  disposed of its wholly
owned subsidiary KT Solutions,  Inc. as part of a stock purchase  agreement that
resulted in a change in control of the Company.

FINANCIAL  INSTRUMENTS  - The  carrying  amounts  reported  in the  accompanying
financial  statements for cash,  trade  accounts  payable,  advances,  and notes
payable  approximate  their fair values  because of the  immediate or short-term
maturities of these financial instruments.

PRINCIPLES OF CONSOLIDATION - The consolidated  financial statements include the
accounts of Global General Technologies, Inc. and its wholly owned subsidiary H7
Security Systems,  Inc. The results of subsidiaries  acquired or sold during the
year are  consolidated  from their effective dates of acquisition  through their
effective  dates  of  disposition.   All  material   intercompany  accounts  and
transactions have been eliminated.  On October 12, 2004, the Company disposed of
its wholly  owned  subsidiary  KT  Solutions,  Inc. as part of a stock  purchase
agreement that resulted in a change in control of the Company.

CASH  EQUIVALENTS  - For the  purpose  of  reporting  cash  flows,  the  Company
considers all highly liquid debt  instruments  purchased  with maturity of three
months or less to be cash equivalents to the extent the funds are not being held
for investment purposes.

NET LOSS PER  COMMON  SHARE - Basic net loss per  common  share is  computed  by
dividing net loss by the weighted  average  number of common shares  outstanding
during the year.  Diluted net loss per common share ("Diluted EPS") reflects the
potential  dilution  that could  occur if stock  options or other  common  stock
equivalents  were exercised or converted into common stock.  The  computation of
Diluted EPS does not assume exercise or conversion of securities that would have
an anti-dilutive effect on net loss per common share.

CONCENTRATION OF CREDIT RISK - The Company has no significant  off-balance-sheet
concentrations  of  credit  risk such as  foreign  exchange  contracts,  options
contracts or other  foreign  hedging  arrangements.  The Company  maintains  the
majority of its cash  balances with one  financial  institution,  in the form of
demand deposits.

INCOME TAXES - The Company  accounts for income  taxes under the  provisions  of
SFAS No. 109, "Accounting for Income Taxes." SFAS No.109 requires recognition of
deferred  income tax assets and  liabilities  for the expected future income tax
consequences,  based on enacted tax laws, of temporary  differences  between the
financial reporting and tax bases of assets and liabilities.


                                      F-10
<PAGE>

                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - STOCKHOLDERS' EQUITY

On July 29, 2004, the Company  authorized a 1 for 500 reverse stock split of the
Company's  common  stock.  The stock  split  provided  that in no case shall any
shareholders  holdings  be reduced to less than 100 shares.  The  reverse  stock
split  reduced  the number of  outstanding  common  shares  from  49,843,268  to
254,645.  All  references  to  the  Company's  common  stock  in  the  financial
statements have been restated to reflect the reverse stock split.

On October 12, 2004, the Company issued 2,293,224 shares of common stock with an
estimated market value of $0.11 per share (based on the OTC quoted market price)
for services  pursuant to a Stock Purchase  agreement which resulted in a change
in control of the Company. Compensation expense of $252,255 has been recorded in
connection with this transaction.

In April 2005, the Company issued a Note for $600,000 that was convertible  into
common stock of the Company at $.07 per share or 8,571,429  common  shares.  The
intrinsic  value of the  beneficial  conversion  feature has been  calculated at
$600,000  and is being  amortized  over the 2 year term of the  debt,  or as the
notes are converted,  as interest expense.  As of December 31, 2005, $450,000 of
the note has been converted into 6,500,000  shares of common stock, and interest
expense of $462,000  has been  recorded.  As of March  2006,  this Note has been
fully converted.

In April 2005, the Company  commenced an offering to raise $2,000,000 by selling
8% Convertible Note. The Company raised $1,837,500 convertible at $.50 per share
or 3,675,000  common shares.  The intrinsic  value of the beneficial  conversion
feature has been calculated at $1,007,000 and is being amortized over the 2 year
term of the debt,  or as the notes are  converted,  as interest  expense.  As of
December 31, 2005,  $1,600,000 of the notes have been  converted  into 3,190,000
shares of common  stock,  and interest  expense of $776,680  has been  recorded.
Issuance  costs in the form of commisions of $279,960 were paid to a third party
in connection  with issuance of these notes.  The issue costs are being reported
in the accompanying balance sheet for December 31, 2005 and amortized over the 2
year life of the note or as the notes are  converted.  As of December  31, 2005,
$249,710 has been recorded as commission  expense in the accompanying  statement
of operations  for the year ended December 31, 2005. As of March 2006, the notes
have been fully converted.

In January 2006, the Company entered into a contract to purchase the 100% of the
common stock of AirSpeak,  Inc., a  California  corporation  for 750,000  common
shares of the Company plus  $230,000 in cash payable over the next twelve months
after the closing. The Company has determined to terminate such agreement and no
longer intends to consummate such transaction.  In addition,  during January and
February 2006, the $387,500 balances of the Notes outstanding as of December 31,
2005 were converted into 2,546,429 shares of the Company's common stock.


                                      F-11
<PAGE>


                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - STOCKHOLDERS' EQUITY (CONTINUED)

From April 1, 2006 to December 31, 2006, the Company issued 31,009,365 shares of
its common stock for consulting services valued at $2,989,834.

On July 11,  2006,  the  issued  7,250,000  shares  of  common  stock in a share
exchange agreement with H7 Security Systems, Inc.

NOTE 3 - DISCONTINUED OPERATIONS

On September 15, 2003, KT Solutions,  Inc., a California  corporation and wholly
owned  subsidiary  of the  Company,  filed for Chapter 7  bankruptcy  in Alameda
County,  Oakland,  California.  On October 12, 2004, the Company disposed of its
wholly owned subsidiary KT Solutions, Inc. as part of a stock purchase agreement
that resulted in a change in control of the Company. This disposal resulted in a
gain on disposal of  discontinued  operations of $1,402,536.  As of December 31,
2004, KT Solutions, Inc. had no assets or liabilities.

NOTE 4 - RELATED PARTY TRANSACTIONS

On April 24, 2001,  Mr. Steve Burke,  former  President  and CEO of the Company,
purchased  24,000  shares of Common  Stock of the  Issuer at a price of $.05 per
share utilizing a loan, in the principal amount of $600,000,  made pursuant to a
Promissory  Note dated April 25, 2001.  According to the terms and conditions of
the Promissory  Note, Mr. Burke agreed to pay the Company a principal sum of six
hundred thousand dollars ($600,000) together with interest on the unpaid balance
thereof at a rate of six percent  (6%) per annum with the  principal of the note
due in full by December 31, 2004. No interest is accrued on the note until it is
paid. The notes  receivable are partial  recourse notes in that each investor is
unconditionally  obligated to pay 10% of the amount of their note in addition to
the return of the shares of common stock in the event of default under the terms
of the notes.

NOTE 5 - CURRENT LIABILITIES

On  October  12,  2004,  pursuant  to a Share  Purchase  Agreement  with  Shmuel
Shneibalg and Steven W.  Bingaman,  Mr.  Shneibalg and Mr.  Bingaman were issued
2,293,224  shares of common stock in exchange for  services.  Upon entering into
this agreement, $200,000 was deposited into an escrow account and was to be used
to pay the debt and expenses of the Company.  This  $200,000 was advanced to the
Company by Global General Technology  ("GGT"). On February 25, 2005, the Company
entered  into a Share  Exchange  Agreement  with GGT,  whereby the Company  will
acquire  all of the  issued  and  outstanding  shares  of  GGT in  exchange  for
15,000,000 shares of the Company. At the closing of this agreement,  the advance
of  $200,000  would be  absorbed  in the  acquisition.  In the  event  the share
exchange  does not take place,  the Company would owe the $200,000 to GGT. As of
December  31, 2005 and 2005,  the advance of $200,000 is a current  liability of
the Company.

NOTE 6 - ADVANCES

On February 25, 2005, the Company  entered into a Share Exchange  Agreement with
Global General  Technologies,  Inc. ("GGT"),  whereby the Company was to acquire
all of the issued  and  outstanding  shares of GGT in  exchange  for  15,000,000
shares of the Company. In December 2005,  Management  terminated the acquisition
with GGT.  As part of the  agreement,  the company  advanced  $480,000 to Global
General  Technologies,  Inc.(California).  As of December 31, 2005, the advances
are  considered  uncollectible  and have been  written  off in the  accompanying
statement of operations for the year ended December 31, 2005.


                                      F-12
<PAGE>


                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 7 - INCOME TAXES

Deferred income tax assets consisted of the following:

                                        December 31,           December 31,
                                            2006                   2005

 Net operating loss carryforwards  $          2,186,697    $           917,926
 Less valuation allowance                    (2,186,697)              (917,926)
                                   ---------------------  ---------------------
 Deferred income tax assets        $                  -    $                 -
                                   =====================  =====================


The valuation allowance  increased  $1,268,771 in 2006 and increased $708,865 in
2005,  respectively.  At December 31,  2006,  the Company has  consolidated  net
operating  loss  carryforwards  for federal  income tax purposes of  $6,431,463.
These net operating loss carryforwards expire at various dates beginning in 2018
through 2026. Due to the uncertainty with respect to ultimate  realization,  the
Company  has  established  a valuation  allowance  for all  deferred  income tax
assets.

The  provision  for income  taxes  differs  from the amount  computed  using the
federal US statutory income tax rate as follows:

                                            December 31,        December 31,
                                                2006                2005
                                          ------------------  ------------------
Provision (Benefit) at US Statutory Rate     $  (1,394,000)       $  (1,130,017)
Net Operating Losses
Non-Deductible Expenses                             125,229             421,152
Increase (Decrease) in Valuation Allowance        1,268,771             708,865
                                          ------------------  ------------------
                                             $            -       $           -
                                          ==================  ==================


The Company evaluates its valuation  allowance  requirements  based on projected
future operations. When circumstances change and causes a change in management's
judgement  about the  recoverability  of deferred tax assets,  the impact of the
change on the valuation is reflected in current income.

NOTE 8 - NOTE PAYABLE

On July 15, 2006,  the Company  received a loan of $207,727.  The loan is due on
demand.  Interest  of 10% per annum was  imputed on the loan since  there was no
stated  interest  rate. At December 31, 2006,  the total amount due on this loan
was $217,402,  including  accrued interest of $9,675.  During the 1st quarter of
2007,  the Company  paid  $24,639  towards  this loan,  which was the total cash
balance at December 31, 2006.













                                      F-13
<PAGE>



                        GLOBAL GENERAL TECHNOLOGIES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 9 - LONG TERM DEBT

At December 31, 2005,  the Company had  convertible  notes  payable due totaling
$387,500 as follows:

                                                            December 31,
                                                                2005
                                                          ------------------
            8% Convertible Note due April 2007
                 Conversion price $.07                   $          150,000

            8% Convertible Note due April 2007
                 Conversion price $.50                              237,500
                                                          ------------------

                     Total Debt                          $          387,500
                                                          ==================



During January and February 2006, the $387,500 balances of the Notes outstanding
as of December 31, 2005 were converted  into  2,546,429  shares of the Company's
common stock.

NOTE 10 - SUBSEQUENT EVENTS

On January 19, 2007, the Company  entered into a Purchase  Agreement with Greene
Spring  Company.  Pursuant to such  agreement,  the  Company  agreed to purchase
8,340,000 shares of its common stock from Greene Spring Company,  a Pennsylvania
corporation.  In consideration  therefore,  the Company agreed to issue to Green
Spring  Company  a  convertible  promissory  note,  in the  principal  amount of
$495,000, payable on demand, with interest to accrue at the rate of 1% per year.
The  outstanding  balance of the promissory  note shall be  convertible,  at the
option of the holder thereof, into shares of our common stock at a rate of $0.04
per share. Greene Spring Company shall be permitted to convert only no more than
a maximum of $40,000  (convertible  into  1,000,000  shares)  per each  calendar
quarter  commencing on April 18, 2007. Such  transactions were to be consummated
at a closing to be held no later than January 30, 2007.  However,  as of May 14,
2007, such closing had not yet occurred.





                                      F-14
<PAGE>





Item  8.  Changes  In and  Disagreements  with  Accountants  on  Accounting  and
Financial Disclosure

None.

Item 8A.  Controls and Procedures

Disclosure Controls and Procedures

Based on an evaluation  under the supervision and with the  participation of the
Company's  management as of a date within the end of the period  covered by this
Annual Report on Form 10-KSB,  the Company's chief  executive  officer and chief
financial  officer has  concluded  that the  Company's  disclosure  controls and
procedures  (as defined in Rules  13a-14(c) and 15d-14(c)  under the  Securities
Exchange Act of 1934,  as amended (the  "Exchange  Act") are effective to ensure
that  information  required to be  disclosed  by the Company in reports  that it
files or submits under the Exchange Act is recorded,  processed,  summarized and
reported within the time periods specified in Securities and Exchange Commission
rules and forms.

There were no significant changes in the Company's internal controls or in other
factors that could significantly affect these controls subsequent to the date of
their evaluation. There were no significant deficiencies or material weaknesses,
and therefore there were no corrective actions taken. However, the design of any
system  of  controls  is  based  in part  upon  certain  assumptions  about  the
likelihood  of future  events and there is no  certainty  that any  design  will
succeed in achieving its stated goal under all potential future  considerations,
regardless of how remote.

Internal Controls Over Financial Reporting

There  have  not  been any  changes  in the  Company's  internal  controls  over
financial  reporting  (as such term is defined in Rules  13a-15(f) and 15d-15(f)
under the Exchange Act) during the  Company's  most recent fiscal year that have
materially  affected,  or  are  reasonably  likely  to  materially  affect,  the
Company's internal controls over financial reporting.

Item 8B.  Other Information

On January 19, 2007,  we entered into a Purchase  Agreement  with Greene  Spring
Company.  Pursuant to such agreement,  we agreed to purchase 8,340,000 shares of
our common stock from Greene Spring  Company,  a  Pennsylvania  corporation.  In
consideration therefor, we agreed to issue to Green Spring Company a convertible
promissory  note, in the principal amount of $495,000,  payable on demand,  with
interest to accrue at the rate of 1% per year.  The  outstanding  balance of the
promissory note shall be convertible,  at the option of the holder thereof, into
shares of our common stock at a rate of $0.04 per share.  Greene Spring  Company
shall  be  permitted  to  convert  only  no  more  than  a  maximum  of  $40,000


                                       12
<PAGE>

(convertible  into  1,000,000  shares) per each calendar  quarter  commencing on
April 18, 2007. Such transactions were to be consummated at a closing to be held
no later than January 30, 2007.  However,  as of May 14, 2007,  such closing had
not yet occurred.

                                    PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance
with Section 16(a) of the Exchange Act

Set forth below is the name, age and present principal occupation or employment,
and material  occupations,  positions,  offices or employments for the past five
years of our current directors and executive officers.

           Name            Age                   Positions and Offices
------------------      ---------    -------------------------------------------
Shmuel Shneibalg            37       President, Chief Executive Officer,
                                     Secretary, and Director

Mr. Shmuel Shneibalg became the President,  CEO, Secretary and a Director of the
Company  on  November  10,  2004.  Mr.  Shneibalg  has prior  experience  in the
construction and sales  businesses.  Since May 2001, Mr. Shneibalg has served as
the Vice President of Home Solutions  Health,  Inc., a public  consumer  product
company. From May 2001 until March 2005, Mr. Shneibalg served as Chairman, Chief
Executive  Officer,  Secretary  and Director of Safetek  International,  Inc., a
publicly  traded  company.  He has not been affiliated with any company that has
filed for bankruptcy within the last five years.

The  director  of the  Company  has been  elected to serve until the next annual
meeting of stockholders  and until his successor has been elected and qualified.
Officers are appointed by the Board of Directors and serve at the  discretion of
the Board.  The Company is not aware of any  proceedings  to which the Company's
officer or director,  or any  associate  of any such  officer or director,  is a
party  adverse to the  Company  or any of the  Company's  subsidiaries  or has a
material interest adverse to it or any of its subsidiaries.

Audit Committee  Financial Expert. The Board of Directors has not established an
audit committee and does not have an audit committee financial expert. The Board
is of the opinion that an audit committee is not necessary since the Company has
only one director and to date,  such director has been  performing the functions
of an audit committee.

Code of Ethics. The Company has not adopted a Code of Ethics because the Company
has only one director.



                                       13
<PAGE>

Section 16(a) Beneficial  Ownership Reporting  Compliance.  Section 16(a) of the
Securities  and Exchange Act of 1934,  as amended,  requires our  directors  and
executive officers and persons who beneficially own more than 10% of our Class A
Common Stock to file initial  reports of ownership and changes in ownership with
the  Securities  and Exchange  Commission.  These  persons and entities are also
required by Securities  and Exchange  Commission  regulations to furnish us with
copies of all Section  16(a) forms they file.  We believe,  based  solely on our
review of the copies of such forms and other written representations to us, that
during the fiscal year ended December 31, 2006, all reporting  persons  complied
with all  applicable  Section  16(a)  filing  requirements,  other  than  Shmuel
Shneibalg and Greene Spring Company.

Item 10.  Executive Compensation

Shmuel Shneibalg has been our Chief Executive Officer, President, and a Director
since  November 10, 2004.  During such  period,  we have had no other  executive
officers or directors.  No options were granted to our executive  officer during
the fiscal year ended December 31, 2006. Our executive  officer does not have an
employment agreement with the Company.

The following table sets forth  information  concerning the compensation paid or
earned  during the fiscal  years ended  December  31, 2006 and 2005 for services
rendered to our Company in all  capacities  by the  following  persons:  (i) all
individuals who served as the principal executive officer or acting in a similar
capacity  during  the  fiscal  year  ended  December  31,  2006,  regardless  of
compensation  level; (ii) all individuals who served as officers at December 31,
2006 and whose total compensation during the fiscal year ended December 31, 2006
exceeded  $100,000;  and (iii) up to two  additional  individuals  who served as
officers  during  the  fiscal  year  ended  December  31,  2006 and whose  total
compensation  during the fiscal year ended December 31, 2006 exceeded  $100,000,
regardless  of whether  they were  serving as officers at the end of such fiscal
year.

<TABLE>
<CAPTION>
                                                      SUMMARY COMPENSATION TABLE
                                                                                       Nonqualified
Name and                                                            Non-Equity         Deferred
principal                Salary               Stock      Option     Incentive Plan     Compensation       All Other          Total
position         Year    ($)        Bonus ($) Awards ($) Awards ($) Compensation ($)   Earnings ($)       Compensation ($)   ($)
(a)              (b)     (c)        (d)       (e)        (f)        (g)                (h)                (i)                (j)
<S>              <C>     <C>        <C>        <C>        <C>               <C>                <C>                <C>       <C>
Shmuel           2006    35,000     0          0          0                 0                  0                  0          35,000
Shneibalg(1)
                 2005    99,000     0          0          0                 0                  0                  0          99,000
</TABLE>

(1) Shmuel  Shneibalg_has  been our Chief Executive  Officer,  President,  and a
Director since November 10, 2004.



                                       14
<PAGE>

Outstanding Equity Awards

As of December 31, 2006,  our sole director and  executive  officer did not hold
any unexercised  options,  stock that had not vested,  or equity  incentive plan
awards.

Compensation of Directors

Except as described above under the section entitled "Summary Compensation," our
sole  director  did not earn any  compensation  during  the  fiscal  year  ended
December 31, 2006.

Item 11.  Security Ownership of Certain Beneficial Owners and Management

The following  table lists,  as of May 14, 2007,  the number of shares of Common
Stock beneficially owned by (i) each person or entity known to our Company to be
the beneficial owner of more than 5% of the outstanding  common stock; (ii) each
officer and director of our Company;  and (iii) all officers and  directors as a
group.  Information  relating to  beneficial  ownership  of common  stock by our
principal  shareholders  and management is based upon  information  furnished by
each  person  using  "beneficial  ownership"  concepts  under  the  rules of the
Securities and Exchange Commission.  Under these rules, a person is deemed to be
a  beneficial  owner of a security  if that person has or shares  voting  power,
which  includes  the power to vote or direct  the  voting  of the  security,  or
investment  power,  which includes the power to vote or direct the voting of the
security.  The person is also deemed to be a beneficial owner of any security of
which that person has a right to acquire  beneficial  ownership  within 60 days.
Under the Securities and Exchange  Commission rules, more than one person may be
deemed to be a  beneficial  owner of the same  securities,  and a person  may be
deemed to be a beneficial owner of securities as to which he or she may not have
any pecuniary beneficial  interest.  Except as noted below, each person has sole
voting and investment power.

As of May 14,  2007,  the Company had  outstanding  53,043,663  shares of common
stock. Unless otherwise  indicated,  the business address of each such person is
c/o Global General Technologies,  Inc., 201 South Biscayne Boulevard, 28th Floor
Miami Center, Miami, FL 33131.

Officers, Directors, 5% Shareholders  No. of Shares        Beneficial Ownership

Shmuel Shneibalg                      3,093,224            5.6%

Greene Spring Company(1)              8,340,000            14.5%

All  directors  and  executive  officers as a group (1  2,800,000  5.6%  person)
Securities authorized for issuance under equity compensation plans.



                                       15
<PAGE>

The Company has no equity compensation plans.

Item 12.  Certain Relationships and Related Transactions; Director Independence

Certain Relationships and Related Transactions

On March 30, 2006, the initial five stockholders of H7 Security  Systems,  Inc.,
including  Shmuel  Shneibalg,  the Chief Executive  Officer,  President and sole
director of the Company, exchanged their shares of H7 Security Systems, Inc. for
shares of Common Stock of the Company, so that H7 Security Systems,  Inc. became
a  wholly-owned  subsidiary of the Company.  Mr.  Shneibalg  received  1,000,000
shares of Common Stock in exchange for his shares of H7 Security Systems, Inc.

On January 19, 2007,  we entered into a Purchase  Agreement  with Greene  Spring
Company.  Pursuant to such agreement,  we agreed to purchase 8,340,000 shares of
our common stock from Greene Spring  Company,  a  Pennsylvania  corporation.  In
consideration therefor, we agreed to issue to Green Spring Company a convertible
promissory  note, in the principal amount of $495,000,  payable on demand,  with
interest to accrue at the rate of 1% per year.  The  outstanding  balance of the
promissory note shall be convertible,  at the option of the holder thereof, into
shares of our common stock at a rate of $0.04 per share.  Greene Spring  Company
shall  be  permitted  to  convert  only  no  more  than  a  maximum  of  $40,000
(convertible  into  1,000,000  shares) per each calendar  quarter  commencing on
April 18, 2007. Such transactions were to be consummated at a closing to be held
no later than January 30, 2007.  However,  as of May 14, 2007,  such closing had
not yet occurred.

Director Independence

None of our directors is  "independent"  as that term is defined under the rules
of the Securities and Exchange Commission.

Item 13.  Exhibits

Exhibit No.       Description
3.1               Articles of Incorporation (1)
3.2               Bylaws (1)
4.1               Specimen common stock certificate(1)
21.1                 Subsidiaries
31.1              Rule 13a-14(a)/15d14(a) Certifications
32.1              Section 1350 Certifications





                                       16
<PAGE>

(1) Previously  filed with the Company's  Registration  Statement on Form 10-SB,
filed with the SEC on  December  9, 1999,  as amended on March 1, 2000 and March
29, 2000 (2)  Previously  filed with the  Company's  Current  Report on Form 8-K
dated January 26, 2006 and filed with the SEC on January 31, 2006

Item 14.  Principal Accountant Fees and Services

Robison,  Hill & Company served as the Company's principal accountant during the
years ended  December 31, 2006 and December 31, 2005.  Their  pre-approved  fees
billed to the Company are set forth below:

                          Fiscal year ended           Fiscal year ended
                            December 31,              December 31, 2005
                                   2006
Audit Fees                $         26,630           $             13,676
Audit Related Fees        $              -                             -
Tax Fees                  $            150                          $124
                          ------------------        ----------------------
All Other Fees            $         26,780           $            13,800
                          ==================        ======================


Audit Fees consists of fees billed for  professional  services  rendered for the
audits  of  our  consolidated  financial  statements,  reviews  of  our  interim
consolidated  financial  statements  included  in  quarterly  reports,  services
performed in connection  with filings with the Securities & Exchange  Commission
and related  comfort  letters and other  services that are normally  provided by
Robison,  Hill & Company in connection with statutory and regulatory  filings or
engagements.

Tax Fees consists of fees billed for  professional  services for tax compliance,
tax  advice  and tax  planning.  These  services  include  assistance  regarding
federal,  state and local tax compliance  and  consultation  in connection  with
various transactions and acquisitions.

As of  December  31,  2006,  the  Company  did  not  have  a  formal  documented
pre-approval policy for the fees of the principal accountant.





                                       17
<PAGE>




                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the Company has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

Dated: May 18, 2007
                    GLOBAL GENERAL TECHNOLOGIES, INC.


                    By: /s/ Shmuel Shneibalg
                    ------------------------------------------------------------
                    Name: Shmuel Shneibalg
                    Title:  President, Chief Executive Officer, Secretary, and
                    Director (principal executive and financial officer)


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


    Signature                               Title                        Date

/s/ Shmuel Shneibalg      Chief Executive Officer,                 May 18, 2007
Shmuel Shneibalg          President and Director





                                       18