U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
---------------------------------------

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

For the quarterly period ended March 31, 2007
Commission File No. 2-67918

Mikros Systems Corporation
--------------------------
(Exact Name of Small Business Issuer as Specified
 in its Charter)

Delaware                               14-1598200
--------                               ----------
(State or Other Jurisdiction         (I.R.S. Employer
 of Incorporation or Organization)   Identification No.)

707 Alexander Road, Building Two, Suite 208,
Princeton, New Jersey 08540
-------------------------------------------
(Address of Principal Executive Offices)

609-987-1513
------------
(Issuer's Telephone Number, Including Area Code)

-------------------------------------------------
(Former Name, Former Address and Former Fiscal Year, If Changed Since Last
Report)

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: ___X___      No:_______

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).  Yes:________ No:___X___

State the number of shares outstanding of each of the issuer's
classes of common equity, as of May 11, 2007:

Class                           Number of Shares
-----                           ----------------
Common Stock, par value $.01      31,766,753

Transitional Small Business Disclosure Format (check one):

Yes:___  ___        No:__X____




TABLE OF CONTENTS
                                                  PAGE #
PART I. FINANCIAL INFORMATION

Item 1. Condensed Financial Statements

CONDENSED BALANCE SHEET
As of March 31, 2007                                  3

CONDENSED STATEMENTS OF INCOME
For the Three Months Ended
March 31, 2007 and 2006                               5

CONDENSED STATEMENTS OF CASH FLOWS
For the Three Months Ended March 31,
2007 and 2006                                         6

NOTES TO THE CONDENSED FINANCIAL
 STATEMENTS                                           7

Item 2. Management's Discussion and Analysis of
        Financial Condition and Results of
        Operations

Overview                                             11

Results of Operations                                13

Liquidity and Capital Resources                      13

Item 3. Controls and Procedures                      15


PART II.  OTHER INFORMATION

Item 6.  Exhibits                                    16

SIGNATURES                                           17

CERTIFICATIONS                                       18















PART I.  Financial Information

Item 1. Condensed Financial Statements



MIKROS SYSTEMS CORPORATION
CONDENSED BALANCE SHEET
(UNAUDITED)


                                      March 31,
                                        2007
ASSETS                                --------

CURRENT ASSETS

  Cash and Cash Equivalents         $ 366,614
  Receivables on Government
      Contracts                       248,646
  Other Current Assets                 33,505
                                     --------
  TOTAL CURRENT ASSETS                648,765
                                     --------

  Patents & Trademarks                  5,383

  Less: Accumulated Amortization         (168)
                                     --------
                                        5,215
                                     --------

  EQUIPMENT                            13,114

  Less: Accumulated Depreciation       (6,863)
                                     --------
                                        6,251
                                     --------

  Deferred Tax Asset                   28,900
                                     --------

TOTAL ASSETS                        $ 689,131
                                    =========


See Accompanying Notes to Condensed Financial Statements.










MIKROS SYSTEMS CORPORATION
CONDENSED BALANCE SHEET (UNAUDITED)
(continued)

    LIABILITIES AND                             March 31,
 SHAREHOLDERS'  EQUITY                              2007
----------------------------------             -----------
CURRENT LIABILITIES

  Accrued Expenses                              $   16,500
  Accrued Payroll and Payroll Taxes                 82,746
  Accounts Payable                                 219,232
  Taxes Payable                                     16,400
                                               -----------
TOTAL CURRENT LIABILITIES                          334,878
                                               -----------

Long-term Liabilities                               15,775
                                               -----------
TOTAL LIABILITIES                                  350,653

REDEEMABLE SERIES C PREFERRED STOCK
par value $.01 per share, authorized 150,000
shares, issued and outstanding 5,000 shares
(involuntary liquidation value - $80,450)           80,450
                                               -----------
SHAREHOLDERS' EQUITY

Preferred Stock, Series B convertible, par value
$.01 per share, authorized 1,200,000 shares, issued
and outstanding 1,102,433 shares                    11,024
(involuntary liquidation value - $1,102,433)

Preferred Stock, convertible, par value $.01
per share, authorized 2,000,000 shares, issued
and outstanding 255,000 shares
(involuntary liquidation value - $255,000)           2,550

Preferred Stock, Series D, par value $.01 per share
690,000 shares authorized, issued and outstanding    6,900
(involuntary liquidation value - $1,518,000)

Common Stock, par value $.01 per share,
authorized 60,000,000 shares, issued and
outstanding 31,766,753 shares                      317,668

Capital in excess of par value                  11,422,976

Accumulated Deficit                            (11,503,090)
                                            --------------
TOTAL SHAREHOLDERS' EQUITY                         258,028
                                            --------------
TOTAL LIABILITIES AND SHAREHOLDERS'
 EQUITY                                    $       689,131
                                            ==============

See Accompanying Notes to Condensed Financial Statements.

                          MIKROS SYSTEMS CORPORATION
CONDENSED STATEMENTS OF INCOME
(UNAUDITED)


                                      Three Months Ended,
                          March 31, 2007       March 31, 2006
                          --------------       ---------------

Revenues:

Contract Revenue              $   794,950   $    538,590

Cost of Sales                     486,234        339,506
                          ---------------     --------------
Gross Margin                      308,716        199,084
                          ---------------     --------------

Expenses:

  Engineering                      95,433         52,182
  General & Administrative        153,038        111,534
                          ---------------     --------------
Total Expenses                    248,471        163,716
                          ---------------     --------------
Income before income
  tax expense                      60,245         35,368

Income tax expense                 29,630         15,200
                          ---------------     --------------

Net Income                  $      30,615   $     20,168
                          ===============     ==============

Basic and diluted
 earnings per share         $        0.00   $       0.00
                          ===============     ==============

Weighted average number
  of share outstanding        31,766,753       31,766,753
                           ==============     ==============


See Accompanying Notes to Condensed Financial Statements.












MIKROS SYSTEMS CORPORATION
CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)

                                             Three Months Ended
                                       March 31, 2007   March 31, 2006
                                       -------------   ----------------
Cash Flow From Operating Activities:
   Net Income                            $    30,615    $    20,168
Adjustments to reconcile Net Income
  to net cash provided by
  Operating Activities:

  Depreciation and Amortization                1,066          2,216
  Deferred Tax Provision                      19,100         12,000

Net Changes in Operating Assets and
  Liabilities
 (Increase) Decrease in:
  Receivables on Government Contracts        (46,924)       (3,121)
  Other Current Assets                       (17,705)        1,425

Increase in:
  Accounts Payable                           116,593        30,340
  Accrued Payroll and Payroll Taxes            7,627         9,954
  Other Accrued Expenses                      26,783         4,925
                                            ---------       ---------
Net Cash provided by
  Operating Activities                       137,155        77,907
                                            ----------      ---------
Cash Flow from Investing Activities:

  Costs associated with Patent                     0         (141)
   and Trademark Development
                                            ----------      ---------
Net Cash used in Investing Activities              0         (141)
                                            ----------      ---------

Net Increase in Cash and Cash Equivalents    137,155        77,766

Cash and Cash Equivalents, beginning of the  229,459       110,154
  period                                    ---------     ----------

Cash and Cash Equivalents, end of period  $  366,614     $ 187,920
                                            =========     ==========



See Accompanying Notes to Condensed Financial Statements.






MIKROS SYSTEMS CORPORATION
NOTES TO CONDENSED FINANCIAL STATEMENTS
 MARCH 31, 2007
(UNAUDITED)


Note 1 - Basis of Presentation:

The financial statements included herein have been prepared by the Company,
without audit, pursuant to the rules and regulations of the Securities and
Exchange Commission.  Certain information and footnote disclosures normally
included in financial statements prepared in accordance with accounting
principles generally accepted in the United States of America have been
condensed or omitted pursuant to such rules and regulations.  These financial
statements should be read in conjunction with the financial statements and
notes thereto included in the Company's Annual Report on Form 10-KSB for the
year ended December 31, 2006.

In the opinion of the Company's management, the accompanying unaudited
financial statements contain all adjustments, consisting solely of those
which are of a normal recurring nature, necessary to present fairly its
financial position as of March 31, 2007 and the results of its operations and
its cash flows for the three months ended March 31, 2007 and 2006.

Interim results are not necessarily indicative of results for the full fiscal
year.


NOTE 2 - REDEEMABLE SERIES C PREFERRED STOCK AND SHAREHOLDERS' EQUITY
--------------------------------------------------------------------

REDEEMABLE SERIES C PREFERRED STOCK
-----------------------------------

The Redeemable Series C Preferred Stock is not convertible into any other
class of the Company's stock and is subject to redemption at the Company's
option at any time or if certain events occur, such as capital
reorganizations, consolidations, mergers, or sale of all or substantially all
of the Company's assets. Upon any liquidation, dissolution or winding up of
the Company, each holder of Redeemable Series C Preferred Stock will be
entitled to be paid, before any distribution or payment is made upon any
other class of stock of the Company, an amount in cash equal to the
redemption price for each share of Redeemable Series C Preferred Stock held
by such holder, and the holders of Redeemable Series C Preferred Stock will
not be entitled to any further payment. The redemption price per share is
$16.09.


SERIES B CONVERTIBLE PREFERRED STOCK
------------------------------------

Each share of Series B Preferred Stock is convertible into three shares of
the Company's common stock at a price of $.33 per share of common stock to be
received upon conversion and entitles the holder thereof to cast three votes
on all matters to be voted on by the Company's shareholders.  Upon any
liquidation, dissolution, or winding up of the Company, each holder of Series
B Preferred Stock will be entitled to be paid, after all distributions of
payments are made upon the Redeemable Series C Preferred Stock and before any
payment is made upon the Company's Convertible Preferred Stock, an amount in
cash equal to $1.00 for each share of Series B Preferred Stock held, and such
holders will not be entitled to any further payment.


CONVERTIBLE PREFERRED STOCK
---------------------------

Each share of the convertible preferred stock can be redeemed at the
Company's option for $1.00 per share or can be converted into shares of the
Company's common stock.  Each share of preferred stock is convertible into
one share of common stock.  This conversion rate is subject to adjustment in
certain circumstances.  Upon any liquidation, dissolution or winding up of
the Company, each holder will be entitled to his or her redemption price once
shareholders of Redeemable Series C Preferred Stock and Series B Preferred
stock have been fully paid.


SERIES D PREFERRED STOCK
------------------------

The Series D Preferred Stock provided for an annual cumulative dividend of
$.10 per share.  The shares are not convertible into any other class of stock
and are subject to redemption at the Company's option at any time at a
redemption price of $1.00 per share plus all unpaid cumulative dividends.
Upon liquidation, dissolution or winding up of the Corporation, each holder
of Series D Preferred Stock will be entitled to be paid, after all
distributions or payments are made upon the Corporation's Convertible
Preferred Stock, Series B Preferred Stock, and Redeemable Series C Preferred
Stock, an amount in cash equal to the Redemption Price for each share of
Series D Preferred Stock held by such holder. The holders of Series D
Preferred Stock will not be entitled to any further payment.

During January 2006, the holders of the shares of Series D Preferred Stock
agreed to waive future accumulation of dividends, effective as of January 1,
2006. As of March 31, 2007 there were dividends in arrears on shares of
Series D Preferred Stock of $828,000.  Such waiver does not affect dividends
accrued through December 31, 2005.


















Note 3 - Earnings Per Share

The Company's calculation of earnings per share is as follows for the periods
presented:


                                              Three Months Ended
                                        March 31, 2007   March 31, 2006
                                        --------------   --------------

Net income applicable to common
 Stockholders                           $  30,615    $     20,168
                                         ==========     =========

Average basic shares outstanding       31,766,753      31,766,753

Assumed conversion of preferred stock   3,562,299       3,562,299
Effect of dilutive options and warrants   225,302         139,596
                                        ----------     ----------
Average diluted shares outstanding     35,554,354      35,468,648
                                       ===========     ==========

Net earnings per common share
 basic and diluted                     $     0.00     $      0.00
                                       ===========    ===========

No options had an anti-dilutive effect, thus none were excluded for purposes
of calculating diluted earnings per share for the quarter ended March 31,
2007.  Additionally, warrants that were excluded for purposes of the diluted
earnings per share calculation for the three months ended March 31, 2006,
expired during 2006, thus there are no warrants outstanding at March 31,
2007.

A total of 5,489,000 common stock options and warrants were not included in
the computation of diluted earnings per share because of their anti-dilutive
effect for the quarter ended March 31, 2006.

Note 4 - New Accounting Pronouncements

In July 2006, the FASB issued FASB Interpretation No. 48, "Accounting for
Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109"
(FIN 48), which clarifies the accounting for uncertainty in tax positions.
This Interpretation requires that companies recognize in their financial
statements the impact of a tax position, and if that position is more likely
than not of being sustained on audit, based on the technical merits
of the position.  The provisions of FIN 48 are effective for fiscal years
beginning after December 15, 2006, with the cumulative effect of the change
in accounting principle recorded as an adjustment to opening retained
earnings.  Adoption of this pronouncement did not impact the Company's
financial position.

In September 2006, the FASB issued Statement No. 157, Fair Value
Measurements, which defines fair value, establishes a framework for measuring
fair value under GAAP, and expands disclosures about fair value measurements.
FASB Statement No. 157 applies to other accounting pronouncements that
require or permit fair value measurements.  The new guidance is effective for
financial statements issued for fiscal years beginning after November 15,
2007, and for interim periods within those fiscal years.  The Company is
currently evaluating the potential impact, if any, of the adoption of FASB
Statement No. 157 on our financial statements.

In February 2007, the FASB Issued SFAS No. 159, "The Fair Value Option for
Financial Assets and Financial Liabilities - Including an amendment of FASB
Statement No. 115".  SFAS No. 159 permits entities to choose to measure many
financial instruments and certain other items at fair value.  Unrealized
gains and losses on items for which the fair value option has been elected
will be recognized in earnings at each subsequent reporting date.  SFAS No.
159 is effective for the Company January 1, 2008.  The Company is evaluating
the impact that the adoption of SFAS No. 159 will have on its financial
statements.

Note 5 - Income Tax Matters

We routinely conduct an on-going analysis to review the deferred tax assets
and the related valuation allowance that we have recorded against our
deferred tax assets, primarily associated with Federal net operating loss
carryforwards.  As a result of this analysis we reduced net deferred tax
assets by $19,100 during the quarter ended March 31, 2007. Income tax expense
also includes expense associated with our state tax liabilities.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This report contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended.  All statements other
than statements of historical facts included or incorporated by reference
in this report, including, without limitation, statements regarding our
future financial position, business strategy, budgets, projected revenues,
projected costs and plans and objective of management for future operations,
are forward-looking statements.  In addition, forward-looking statements
generally can be identified by the use of forward-looking terminology such
as "may," "will," "expects," "intends," "plans," "projects," "estimates,"
"anticipates," or "believes" or the negative thereof or any variation
thereon or similar terminology or expressions.

These forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from results
proposed in such statements.  Although we believe that the expectations
reflected in such forward-looking statements are reasonable, we can give
no assurance that such expectations will prove to have been correct.
Important factors that could cause actual results to differ materially
from our expectations include, but are not limited to: changes in business
conditions, changes in our sales strategy and product development plans,
changes in the marketplace, continued services of our executive management
team, our limited marketing experience, competition between us and other
companies seeking SBIR grants, competitive pricing pressures, market
acceptance of our products under development, delays in the development
of products, and statements of assumption underlying any of the foregoing,
as well as other factors set forth under the caption "Risk Factors"
beginning on page 7 of our Annual Report on Form 10-KSB for the year ended
December 31, 2006.

All subsequent written and oral forward-looking statements attributable
to us, or persons acting on our behalf, are expressly qualified in their
entirety by the foregoing.  Except as required by law, we assume no
duty to update or revise our forward-looking statements based on changes
in internal estimates or expectations or otherwise.

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations.

Mikros Systems Corporation (the "Company", "we" or "us") was founded in 1978.
We are an advanced technology company specializing in the research and
development of electronic systems technology primarily for military
applications.  Classified by the U.S. Department of Defense (DoD) as a small
business, our capabilities include technology management, electronic systems
engineering and integration, radar systems engineering, combat/command,
control, communications, computers and intelligence (C4I) systems
engineering, and communications engineering.

Our primary business focus is to pursue Small Business Innovation Research
(SBIR) programs from the U.S. Department of Defense, Department of Homeland
Security, and other governmental authorities, and to expand this Government
funded research and development into products, services, and business areas
of the Company.  Since 2002, we have been awarded a number of Phase I, II,
and III SBIR contracts.

Revenues from our government contracts represented 100% of our revenues for
the three months ended March 31, 2007 and 2006.  We believe that we can
utilize the intellectual property developed under our various SBIR awards to
develop proprietary products for both the government and commercial
marketplace.

In September 2004, we were awarded a SBIR Phase III contract valued at
approximately $2,400,000 from the Naval Surface Warfare Center - Dahlgren,
Virginia, for the commercialization of the Company's MFDAT (Multi-Functional
Distributed Analysis Tool) SBIR-developed technology.  This contract resulted
in the development of ADEPT(r) (a registered trademark of the Company), a
computer-aided alignment and maintenance tool for the AN/SPY-1 radar system,
which is the primary air and surface radar for the AEGIS Combat System
installed on the Ticonderoga (CG-47) and Arleigh Burke (DDG-51) class guided
missile warships.  Five Low Rate Initial Production (LRIP) ADEPT units were
manufactured for U.S. Navy evaluation.

In March 2006, we were awarded an amendment to this SBIR Phase III contract
valued at approximately $2,950,000 to expand the application of ADEPT to
include all the SPY-1 radar variants aboard all of the AEGIS cruisers and
destroyers.  In addition, we are developing a smaller, lighter version of
ADEPT for applications where weight and size are critical factors.  ADEPT
functional testing has been accomplished aboard the USS SAN JACINTO (CG-56)
and continues at the Cruiser Modernization (CGM) SPY-1A Test Facility in
Moorestown, New Jersey.

On May 1, 2006, we were awarded an SBIR Phase II contract from Space and
Naval Warfare Systems Command (SPAWAR), San Diego, as a follow-on to our SBIR
Phase I work performed under the SBIR topic entitled Radar Wireless Spectral
Efficiency (RWSE).  The total award is valued at approximately $750,000
divided into a $600,000 base program and a $150,000 option program.  This
SBIR Phase II effort focuses on the real world implications of incorporating
wireless networking into the aircraft carrier (CVN class ships) and
amphibious assault ship (LHD class ships) environments.  Under this program,
a prototype of an Interference-Aware Wireless Network Planning Tool is being
developed to assist in the implementation and fielding of wireless networks
on board U.S. Navy surface vessels.

As part of this RWSE SBIR Phase II program, our engineers have performed Wi-
Fi propagation surveys aboard the aircraft carrier USS GEORGE WASHINGTON
(CVN-73) and the amphibious assault ship USS BATAAN (LHD-5).  The empirical
results from these surveys were used to refine the Wi-Fi signal propagation
algorithms embedded in the Wireless Network Planning Tool prototype.  In
March 2007, our engineers sailed aboard the U.S. Navy amphibious assault ship
USS KEARSARGE (LHD-3) during its underway exercise in the Atlantic Ocean near
Norfolk, Virginia.  This afforded us the opportunity to measure the shipboard
radio frequency environment during actual at-sea operating conditions.  This
information is critical to analyzing potential interference to and from
commercial wireless networks and to validate the interference aspect of the
Interference-Aware Wireless Network Planning Tool currently under
development.

On April 30, 2007, we were awarded a $2.4 million contract from the Naval
Surface Weapons Center, Port Hueneme Division (NSWC PHD) for the continuing
development of ADEPT(r),  our automated maintenance tool designed to
significantly reduce the man-hours required to align the AN/SPY-1 Radar
System aboard U.S. Navy AEGIS cruisers and destroyer while optimizing system
performance and readiness.  NSWC PHD is the U.S. Navy's In-Service
Engineering Agency (ISEA) for the AN/SPY-1 Radar System.

This new contract provides for the continuing development of advanced
capabilities for ADEPT, the finalizing of an ADEPT Integrated Logistics
Support Plan required for fleet fielding, and the Low Rate Initial Production
(LRIP) of ten (10) ADEPT(V)2 units, which are half the size and weight of the
original ADEPT(V)1 while maintaining the same functionality.   The contract
follows successful testing and evaluation of ADEPT on one AEGIS cruiser along
with testing at the Navy's AN/SPY-1 Cruiser Modernization Test Facility in
Moorestown, NJ.  It is expected that the ADEPT equipment will initially be
installed on AEGIS cruisers undergoing modernization with introduction into
the destroyers to follow.  The entire U.S. Navy AEGIS fleet consists of 22
cruisers and 62 destroyers.

Changes to Critical Accounting Policies and Estimates
-----------------------------------------------------

Our critical accounting policies and estimates are set forth in our Annual
Report on Form 10-KSB for the fiscal year ended December 31, 2006.  As of
March 31, 2007, there have been no changes to such critical accounting
policies and estimates.


Results of Operations
---------------------

Three Months Ended March 31, 2007 and 2006

We generated revenues of $794,950 for the quarter ended March 31, 2007
compared to $538,590 for the quarter ended March 31, 2006. Cost of sales were
$486,234 for the quarter ended March 31, 2007 compared to $339,506 for the
quarter ended March 31, 2006. These increases are primarily attributable to
the SBIR Phase III and RWSE Phase II contracts.

Engineering costs for the quarter ended March 31, 2007 were $95,433 compared
to $52,182 for the quarter ended March 31, 2006. The increase in engineering
costs for the quarter ended March 31, 2007 was due to the hiring of a
consultant and fringe benefits now being included in engineering costs.

General and administrative expenses for the quarter ended March 31, 2007 were
$153,038 compared to $111,534 for the quarter ended March 31, 2006. The
increase was due to higher costs related to bid and proposal consulting fees,
increased salaries and professional fees.

For the quarter ended March 31, 2007, income tax expense was $29,630 compared
to $15,200 for the quarter ended March 31, 2006.  Net income for the quarter
ended March 31, 2007 was $30,615 as compared to net income of $20,168 for the
quarter ended March 31, 2006. The increase in both income tax expense and net
income is largely due to the addition of the SBIR Phase III and RWSE Phase II
contracts. With regard to income tax expense, amounts recorded for both
periods are impacted by actual contract profitability versus that estimated
for purposes of recording our deferred tax assets and associated valuation
allowance.


Liquidity and Capital Resources
-------------------------------

Since our inception, we have financed our operations through debt, private
and public offerings of equity securities and cash generated by operations.

For the three months ended March 31, 2007, net cash provided by operations
was $137,155 compared to $77,907 for the three months ended March 31, 2006.
The increase was primarily the result of increased contract revenues. We had
working capital of $313,887 as of March 31, 2007 as compared to working
capital of $150,094 at March 31, 2006.

On November 16, 2006, we entered into a $50,000 revolving line of credit with
Sun National Bank (the "Lender") evidenced by a Promissory Note made by us in
favor of the Lender.  The revolving line of credit will be available to us
for two years.  On November 14, 2008, advances will no longer be made under
the revolving line of credit.  At that time, the then outstanding principal
balance will be converted into a five-year term loan with payments based on a
five-year amortization schedule.  The term loan will be payable in 60 equal
monthly installments and be due in full on November 14, 2013. During the
first five months of the revolving line of credit, any outstanding principal
balance will bear interest at 5.99% per annum.  Thereafter, any outstanding
principal balance will bear interest equal to the Sun National Bank Prime
Rate.  The loan is secured by substantially all of our assets pursuant to a
Commercial Security Agreement (the "Security Agreement") made by us in favor
of the Lender and is guaranteed by Thomas J. Meaney, our President and Chief
Executive Officer. There were no outstanding amounts under this line of
credit at March 31, 2007.

We believe our available cash resources and expected cash flows from
operations will be sufficient to fund operations for the next twelve months.
We do not expect to incur any material capital expenditures during the next
twelve months.





Contractual Obligations
-----------------------

We lease our executive office and marketing facilities through month-to-month
leases. We executed a new lease for engineering office space in Fort
Washington, Pennsylvania that commenced on September 1, 2005 and continues
for 63 months.  The first monthly payment of $5,181 was due on January 1,
2006 and the terms of the lease include an annual rate increase through the
end of the lease.

Item 3.  Controls and Procedures.


Based on his evaluation of our disclosure controls and procedures (as defined
in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934)
as of March 31, 2007, our president (principal executive officer and
principal financial officer) has concluded that our disclosure controls and
procedures are designed to ensure that information required to be disclosed
by us in the reports that we file or submit under the Exchange Act: (i) is
recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms and are operating in an effective
manner; and (ii) is accumulated and communicated to management, including our
president, as appropriate to allow timely decisions regarding required
disclosures.

There have not been any changes in our internal control over financial
reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) that
occurred during our recent fiscal quarter ended March 31, 2007 that have
materially affected, or are reasonably likely to materially affect, our
internal control over financial reporting.


PART II.  OTHER INFORMATION

Item 6.   Exhibits


Exhibit 31.1   Certification of principal executive officer and
principal financial officer pursuant to Section 302 of the Sarbanes
Oxley Act of 2002.

Exhibit 32.1   Certification of principal executive officer and
principal financial officer pursuant to Section 906 of the Sarbanes
Oxley Act of 2002, 18 U.S.C. 1350.

SIGNATURES

In accordance with the requirements of the Securities
Exchange Act of 1934, the registrant caused this report
to be signed on its behalf by the undersigned, thereunto
duly authorized.

                        MIKROS SYSTEMS CORPORATION


DATE: May 10, 2007       By:/s/Thomas J. Meaney
                          ----------------------
                          President
                         (Chief Executive Officer and
                          Chief Financial Officer)


                                     Exhibit 31.1

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Thomas J. Meaney, certify that:

1.  I have reviewed this quarterly report on Form 10-QSB of Mikros Systems
    Corporation (the "Company");

2.  Based on my knowledge, this report does not contain any untrue
    statement of a material fact or omit to state a material fact necessary
    to make the statements made, in light of the circumstances under which
    such statements were made, not misleading with respect to the period
    covered by this report;

3.  Based on my knowledge, the financial statements, and other financial
    information included in this report, fairly present in all material
    respects the financial condition, results of operations and cash flows
    of the small business issuer as of, and for, the periods presented in
    this report;

4.  As the Company's sole certifying officer, I am responsible for
    establishing and maintaining disclosure controls and procedures (as
    defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small
    business issuer and have:

   (a)designed such disclosure controls and procedures, or caused such
    disclosure  controls and procedures to be designed under my
    supervision,to ensure that material information relating to the small
    business issuer, including its consolidated subsidiaries, is made known
    to me by others within those entities, particularly during the period in
    which this report is being prepared;

    (b)[Paragraph omitted in accordance with SEC transition  instructions
     contained in SEC Release 34-47986]


    (c) evaluated the effectiveness of the small business issuer's disclosure
    controls and procedures and presented in this report our conclusions
    about the effectiveness of the disclosure controls and procedures, as of
    the end of the period covered by this report based on such evaluation;
    and

    (d)disclosed in this report any change in the small business issuer's
     internal control over financial reporting that occurred during the small
     business issuer's most recent fiscal quarter that has materially
     affected, or is reasonably likely to materially affect, the small
     business issuer's internal control over financial reporting; and

5.   As the Company's sole certifying officer, I have disclosed, based on my
most recent evaluation of internal control over financial reporting, to
the small business issuer's auditors and the audit committee of the
small business issuer's board of directors (or persons performing the
equivalent functions):

(a)  all significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the small business issuer's ability to record,
process, summarize and report financial information; and

(b)any fraud, whether or not material, that involves management or other
employees  who have a significant role in the small business issuer's
internal control over financial reporting.



Dated:  May 10, 2007          /s/ Thomas J. Meaney__________
                                  Thomas J. Meaney, Chief
                                  Executive Officer and Chief
                                 Financial Officer
                                (Principal Executive Officer and
                                 Principal Financial Officer)

                                                 EXHIBIT 32.1


CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report on Form 10-QSB of Mikros
Systems Corporation (the "Company") for the quarter ended March 31, 2007 as
filed with the Securities and Exchange Commission on the date hereof (the
"Report"), the undersigned, Thomas J. Meaney, President of the Company,
hereby certifies, pursuant to 18 U.S.C. Section 1350, that to his knowledge:

   (1)   The Report fully complies with the requirements of Section 13(a)
         or 15(d) of the Securities Exchange Act of 1934; and

(2)   The information contained in the Report fairly presents, in all
      material respects, the financial condition and results of operations
      of the Company.

Dated:  May 10, 2007           /s/ Thomas J. Meaney *
                              Thomas J. Meaney, President,
                              Chief Executive Officer and Chief
                              Financial Officer
                              Principal Executive Officer and
                              Principal Officer)


*A signed original of this written statement required by Section 906 has been
provided to the Company and will be retained by the Company and furnished to
the Securities and Exchange Commission or its staff upon request.