----

----

| Nevada                                           | 98-0204280                           |
|--------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or | (I.R.S. Employer Identification No.) |
| organization)                                    |                                 |

| 89146         | (800) 757-9808              |
|---------------|-----------------------------|
| (Postal Code) | (Issuer's telephone number) |

| Large accelerated filer o | Accelerated Filer o | Non-accelerated Filer o | Smaller reporting Company x |
|--------------------------------|--------------------------|------------------------------|----------------------------------|

----

----

----

Tabl

|       | PART I                                                                             | Page   |
|------------|------------------------------------------------------------------------------------|--------|
| Item 1.    | Financial Statements                                                               | 3      |
|       |                                                                               |   |
| Item 2.    | Management Discussion and Analysis of Financial Condition and Result of Operations | 12     |
|       |                                                                               |   |
| Item 4.    | Controls and Procedures                                                            | 13     |
|       |                                                                               |   |
|       | PART II                                                                            |   |
|       |                                                                               |   |
| Item 1.    | Legal Proceedings                                                                  | 14     |
|       |                                                                               |   |
| Item 2.    | Unregistered Sales of Equity Securities and Use of Proceeds                        | 14     |
|       |                                                                               |   |
| Item 3.    | Defaults Upon Senior Securities                                                    | 14     |
|       |                                                                               |   |
| Item 4.    | Other Information                                                                  | 14     |
|       |                                                                               |   |
| Item 5.    | Exhibits                                                                           | 14     |
|       |                                                                               |   |
| Signatures | 15                                                                                 |

----

Fina

| INOVA TECHNOLOGY, INC.                                                                       |   |
|----------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED BALANCE SHEETS                                                                  |   |
| (Unaudited)                                                                                  |   |
|                                                                                         |   |   |   |   |   |   |
|                                                                                         |   | January 31, 2013 |   |   | April 30, 2012 |   |
|                                                                                         |   |   |   |   |   |   |
| ASSETS                                                                                       |   |
|                                                                                         |   |   |   |   |   |   |
| Current assets                                                                               |   |   |   |   |   |   |
| Cash                                                                                         |   |   | 249,452 |   |   | $ | 752,011 |   |
|  Accounts receivable, net of allowance of $81,283 and $81,283                           |   |   | 38,225 |   |   |   | 107,471 |   |
| Contract receivables, net of allowance of $21,746 and $21,746                                |   |   | 597,069 |   |   |   | 1,126,221 |   |
| Credit facility receivable                                                                   |   |   | 700,184 |   |   |   | 1,477,930 |   |
| Inventory                                                                                    |   |   | 65,026 |   |   |   | 98,921 |   |
| Costs in excess of billing and estimated earnings                                            |   |   | 30,372 |   |   |   | 201,602 |   |
| Prepaid and other current assets                                                             |   |   | 11,499 |   |   |   | 52,484 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Total current assets                                                                         |   |   | 1,691,827 |   |   |   | 3,816,640 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Fixed assets, net                                                                            |   |   | 88,460 |   |   |   | 113,308 |   |
| Revenue earning equipment, net                                                               |   |   | 258,018 |   |   |   | 586,896 |   |
| Goodwill, net                                                                                |   |   | 4,157,596 |   |   |   | 4,157,596 |   |
| Intangibles                                                                                  |   |   | 73,892 |   |   |   | - |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Total assets                                                                                 |   | $ | 6,269,793 |   |   | $ | 8,674,440 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                        |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Current liabilities                                                                          |   |   |   |   |   |   |   |   |
| Accounts payable                                                                             |   |   | 497,460 |   |   | $ | 1,739,006 |   |
| Accrued liabilities                                                                          |   |   | 7,140,646 |   |   |   | 4,479,224 |   |
| Deferred income                                                                              |   |   | 376,423 |   |   |   | 395,781 |   |
| Derivative liabilities                                                                       |   |   | 785,021 |   |   |   | 1,461,265 |   |
| Notes payable - related parties                                                              |   |   | 1,689,688 |   |   |   | 1,689,688 |   |
| Notes payable                                                                                |   |   | 10,107,755 |   |   |   | 9,904,192 |   |
| Total current liabilities                                                                    |   |   | 20,596,993 |   |   |   | 19,669,156 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Notes payable - related parties, net of current maturities                                   |   |   | 142,532 |   |   |   | 142,532 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Total liabilities                                                                            |   |   | 20,739,525 |   |   |   | 19,811,688 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Stockholders' deficit                                                                        |   |   |   |   |   |   |   |   |
| Convertible preferred stock, $0.001 par value; 25,000,000 shares                             |   |   |   |   |   |   |   |   |
| authorized; 1,500,000 shares issued and outstanding (the cost of the                         |   |   |   |   |   |   |   |   |
| shares are included in non-controlling interest)                                             |   |   |   |   |   |   | - |   |
| Common stock, $0.001 par value; 500,000,000 shares                                           |   |   |   |   |   |   |   |   |
| authorized; 105,657,887 and 76,364,065 shares issued and outstanding                         |   |   | 105,658 |   |   |   | 76,364 |   |
| Additional paid-in capital                                                                   |   |   | 5,484,229 |   |   |   | 5,249,518 |   |
| Accumulated deficit                                                                          |   |   | (21,367,125 | ) |   |   | (17,770,636 | ) |
| Total Inova Technology, Inc stockholders' deficit                                            |   |   | (15,777,238 | ) |   |   | (12,444,754 | ) |
| Non-controlling interest                                                                     |   |   | 1,307,506 |   |   |   | 1,307,506 |   |
| Total stockholders' deficit                                                                  |   |   | (14,469,732 | ) |   |   | (11,137,248 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| Total liabilities and stockholders' deficit                                                  |   | $ | 6,269,793 |   |   | $ | 8,674,440 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| See summary of accounting policies and notes to unaudited consolidated financial statements. |   |

----

| INOVA TECHNOLOGY, INC.                                                                       |   |
|----------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED STATEMENTS OF OPERATIONS                                                        |   |
| For the three months ended January 31, 2013 and 2012                                         |   |
| (Unaudited)                                                                                  |   |
|                                                                                         |   |   |   |   |   |   |
|                                                                                         |   | 2013 |   |   | 2012 |   |
|                                                                                         |   |   |   |   |   |   |
| Revenues                                                                                     |   | $ | 2,552,002 |   |   | $ | 3,738,630 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Cost of revenues                                                                             |   |   | (1,834,872 | ) |   |   | (2,631,874 | ) |
| Selling, general and administrative                                                          |   |   | (1,632,640 | ) |   |   | (1,343,704 | ) |
| Depreciation expense                                                                         |   |   | (7,540 | ) |   |   | (19,222 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| Operating loss                                                                               |   |   | (923,050 | ) |   |   | (256,170 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| Other income (expense):                                                                      |   |   |   |   |   |   |   |   |
| Gain on derivative liabilities                                                               |   |   | 222,476 |   |   |   | 159,990 |   |
| Interest expense                                                                             |   |   | (2,807,104 | ) |   |   | (561,253 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| net loss                                                                                     |   | $ | (3,507,678 | ) |   | $ | (657,433 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share                                                             |   | $ | (0.04 | ) |   | $ | (0.01 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding                                                   |   |   | 95,143,458 |   |   |   | 71,444,179 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| See summary of accounting policies and notes to unaudited consolidated financial statements. |   |

----

| INOVA TECHNOLOGY, INC.                                                                       |   |
|----------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED STATEMENTS OF OPERATIONS                                                        |   |
| For the nine months ended January 31, 2013 and 2012 (Unaudited)                              |   |
|                                                                                         |   |   |   |   |   |   |
|                                                                                         |   | 2013 |   |   | 2012 |   |
|                                                                                         |   |   |   |   |   |   |
| Revenues                                                                                     |   | $ | 14,642,366 |   |   | $ | 14,444,892 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Cost of revenues                                                                             |   |   | (10,681,630 | ) |   |   | (10,485,211 | ) |
| Selling, general and administrative                                                          |   |   | (4,555,966 | ) |   |   | (4,003,397 | ) |
| Depreciation expense                                                                         |   |   | (25,472 | ) |   |   | (64,288 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| Operating loss                                                                               |   |   | (620,702 | ) |   |   | (108,004 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| Other income (expense):                                                                      |   |   |   |   |   |   |   |   |
| Gain (Loss) on derivative liabilities                                                        |   |   | 540,231 |   |   |   | 1,675,209 |   |
| Other income                                                                                 |   |   | - |   |   |   | 10,997 |   |
| Gain (Loss) on debt extinguishment                                                           |   |   | - |   |   |   | 87,582 |   |
| Interest expense                                                                             |   |   | (3,516,018 | ) |   |   | (2,152,582 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| Net loss                                                                                     |   | $ | (3,596,489 | ) |   | $ | (486,798 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| Basic and diluted income (loss) per share                                                    |   | $ | (0.04 | ) |   | $ | (0.01 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding-basic                                             |   |   | 88,004,017 |   |   |   | 65,325,212 |   |
| Weighted average common shares outstanding-diluted                                           |   |   | 88,004,017 |   |   |   | 65,325,212 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| See summary of accounting policies and notes to unaudited consolidated financial statements. |   |

----

| INOVA TECHNOLOGY, INC.                                                                       |   |
|----------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                                        |   |
| For the nine months ended January 31, 2013 and 2012 (Unaudited)                              |   |
|                                                                                         |   |
|                                                                                         |   |   |   |   |   |   |
|                                                                                         |   | 2013 |   |   | 2012 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                         |   |   |   |   |   |   |
| Net loss                                                                                     |   | $ | (3,596,489 | ) |   | $ | (486,798 | ) |
| Adjustments to reconcile net loss to net cash used provided by                               |   |   |   |   |   |   |   |   |
| operating activities:                                                                        |   |   |   |   |   |   |   |   |
| Depreciation expense, $0 and $344,995 included in cost of revenues                           |   |   | 353,726 |   |   |   | 392,542 |   |
| Amortization expense - loan discounts and deferred financing costs                           |   |   | - |   |   |   | 282,000 |   |
| Paid in kind interest                                                                        |   |   | 18,932 |   |   |   | 33,197 |   |
| Gain on debt extinguishment                                                                  |   |   | - |   |   |   | (87,582 | ) |
| Stock issued for services                                                                    |   |   | 17,000 |   |   |   | 72,000 |   |
| Legal expenses paid directly by third party debtholder                                       |   |   | 222,751 |   |   |   | - |   |
| Derivative gain                                                                              |   |   | (540,231 | ) |   |   | (1,675,209 | ) |
| Changes in operating assets and liabilities:                                                 |   |   |   |   |   |   |   |   |
| Accounts receivable                                                                          |   |   | 636,623 |   |   |   | 294,152 |   |
| Credit facility receivable                                                                   |   |   | 777,746 |   |   |   | 3,277 |   |
| Inventory                                                                                    |   |   | (4,330 | ) |   |   | 9,830 |   |
| Costs in excess of billing and estimated earnings                                            |   |   | 171,230 |   |   |   | 209,384 |   |
| Prepaid expenses and other current assets                                                    |   |   | 40,985 |   |   |   | 7,361 |   |
| Other assets                                                                                 |   |   | - |   |   |   | 16,634 |   |
| Accounts payable and accrued expenses                                                        |   |   | 1,525,191 |   |   |   | 1,092,099 |   |
| Deferred revenues                                                                            |   |   | (19,358 | ) |   |   | (24,777 | ) |
| Net cash provided by operating activities of operations                                      |   |   | (396,224 | ) |   |   | 138,110 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| CASH FLOW INVESTING ACTIVITIES                                                               |   |   |   |   |   |   |   |   |
|                                                                                         |   |   |   |   |   |   | - |   |
| Net cash used in investing activities                                                        |   |   | - |   |   |   | - |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| CASH FLOW FINANCING ACTIVITIES                                                               |   |   |   |   |   |   |   |   |
| Proceeds from notes payable                                                                  |   |   | 65,814 |   |   |   | 82,500 |   |
| Payment of legal fees capitalized                                                            |   |   | (118,877 | ) |   |   | 10,000 |   |
| Repayments made on notes payable                                                             |   |   | (53,272 | ) |   |   | (111,463 | ) |
| Net cash used in financing activities                                                        |   |   | (106,335 | ) |   |   | (18,963 | ) |
|                                                                                         |   |   |   |   |   |   |   |   |
| NET CHANGE IN CASH                                                                           |   |   | (502,559 | ) |   |   | 119,147 |   |
| CASH AT BEGINNING OF YEAR                                                                    |   |   | 752,011 |   |   |   | 396,140 |   |
| CASH AT END OF YEAR                                                                          |   | $ | 249,452 |   |   | $ | 515,287 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| SUPPLEMENTAL INFORMATION:                                                                    |   |   |   |   |   |   |   |   |
| Interest paid                                                                                |   | $ | 536,966 |   |   | $ | 165,485 |   |
| Income taxes paid                                                                            |   | $ | 21,904 |   |   | $ | 30,000 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| NON-CASH INVESTINGAND FINANCING ACTIVITIES:                                                  |   |   |   |   |   |   |   |   |
| Common stock issued for conversion of notes payable                                          |   |   | 37,100 |   |   |   | 45,251 |   |
| Purchase of patent with stock                                                                |   |   | 73,892 |   |   |   | - |   |
| Common stock issued for settlement of accounts payable                                       |   |   |   |   |   |   | 125,000 |   |
| Settlement of derivative liabilities due to conversion of related notes payable              |   |   | 136,013 |   |   |   | 62,842 |   |
| Discount on notes payable from derivative liabilities                                        |   |   | - |   |   |   | 282,000 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| See summary of accounting policies and notes to unaudited consolidated financial statements. |   |

----

----

----

| Derivative Liabilities                                                          |   |   |      |
|---------------------------------------------------------------------------------|--------|--------|-----------|
| Balance at April 30, 2012                                                       |   | $      | 1,461,265 |   |
| Settlement of derivative liabilities due to conversion of related notes payable |   |   | (136,013  | ) |
| Change in fair value                                                            |   |   | (540,231  | ) |
| Balance at January 31, 2013                                                     |   | $      | 785,021   |   |

|              |   | Trakkers, |     |    |            |   |       |      |   |   |       |    |
|-------------------|--------|-----------|----------|---------|-----------------|--------|------------|-----------|--------|--------|------------|---------|
|              |   | LLC & |     |    | Desert          |   |       |      |   |   |       |    |
|              |   | RightTag, |     |    | Communications, |   |       |      |   |   |       |    |
|              |   | Inc.      |     |    | Inc.            |   |       | Corporate |   |   | Total      |    |
| Revenues          |   | $         | 834,914  |    |            |   | 13,807,452 |      |   |   | 0          |    |   |   | 14,642,366 |   |
| Net income (loss) |   |      | (856,943 | )  |            |   | (163,527   | )    |   |   | (2,576,019 | )  |   |   | (3,596,489 | )  |
| Total assets      |   |      | 221,837  |    |            |   | 1,604,205  |      |   |   | 4,443,751  |    |   |   | 6,269,793 |   |

----

|                              |     |   |      |   |      |   | Weighted     |   |
|-----------------------------------|----------|--------|-----------|--------|-----------|--------|--------------|--------|
|                              |     |   | Weighted  |   |      |   | average      |   |
|                              |     |   | average   |   | Aggregate |   | remaining    |   |
| Warrants to purchase Inova common |     |   | exercise  |   | intrinsic |   | contractual  |   |
| stock                             | Warrants |   | price     |   | value     |   | life (years) |   |
| Outstanding at April 30, 2012     |     |   | 9,839,513 |   |      | $      | 0.03         |   |   | $ | 77,441 |   |   |   | 1.57 |   |
| Granted                           |     |   | -         |   |      |   | -            |   |   |   |   |   |   |   |   |   |
| Exercised                         |     |   | -         |   |      |   | -            |   |   |   |   |   |   |   |   |   |
| Forfeited                         |     |   | -         |   |      |   | -            |   |   |   |   |   |   |   |   |   |
| Expired                           |     |   | 1,000,000 |   |      |   | -            |   |   |   |   |   |   |   |   |   |
| Outstanding at January 31, 2013   |     |   | 8,839,513 |   |      | $      | 0.01         |   |   | $ | 52,334 |   |   |   | .97 |   |

|                            |     |   |     |   |      |   | Weighted     |   |
|---------------------------------|----------|--------|----------|--------|-----------|--------|--------------|--------|
|                            |     |   | Weighted |   |      |   | average      |   |
|                            |     |   | average  |   | Aggregate |   | remaining    |   |
| Warrants to purchase Trakkers   |     |   | exercise |   | intrinsic |   | contractual  |   |
| common stock                    | Warrants |   | price    |   | value     |   | life (years) |   |
| Outstanding at April 30, 2012   |     |   | 13.50    |   |      | $      | -            |   |   | $ |   |   |   |   | 2.18 |   |
| Granted                         |     |   | -        |   |      |   | -            |   |   |   |   |   |   |   |   |   |
| Exercised                       |     |   | -        |   |      |   | -            |   |   |   |   |   |   |   |   |   |
| Forfeited                       |     |   | -        |   |      |   | -            |   |   |   |   |   |   |   |   |   |
| Expired                         |     |   | -        |   |      |   | -            |   |   |   |   |   |   |   |   |   |
| Outstanding at January 31, 2013 |     |   | 13.50    |   |      | $      | -            |   |   | $ |   |   |   |   | 1.42 |   |

----

|   | · | 14,471,177 shares of common stock for the conversion of $37,100 of third party debt. |
|--------|--------|--------------------------------------------------------------------------------------|

|   | · | 2,507,375 with a fair value of $17,000 for services |
|--------|--------|-----------------------------------------------------|

|                                |   | January 31, |       |   | April 30, |   |
|-------------------------------------|--------|-------------|------------|--------|-----------|--------|
|                                |   | 2013        |       |   | 2012      |   |
|                                |   | Carrying    |       |   | Carrying  |   |
| Lender                              |   | Amount      |       |   | Amount    |   |
|                                |   |        |       |   |      |   |
| Boone Lenders, LLC                  |   | $           | 7,005,982  |   |      | $      | 6,883,176 |   |
| Ascendiant Opportunity Fund, LLC    |   |        | 1,155,018  |   |      |   | 1,153,930 |   |
| Agile Opportunity Fund, LLC         |   |        | 173,500    |   |      |   | 173,500 |   |
| IBM - Trakkers, LLC                 |   |        |       |   |      |   |   |   |
|                                |   |        |       |   |      |   |   |   |
| Lease Facility                      |   |        | 66,500     |   |      |   | 70,183 |   |
| Desert Communications, Inc. Sellers |   |        | 1,389,107  |   |      |   | 1,389,107 |   |
| Trakkers, LLC Sellers               |   |        | 1,769,686  |   |      |   | 1,769,686 |   |
| Southbase, LLC - Related Party      |   |        | 142,532    |   |      |   | 142,532 |   |
|                                |   |        |       |   |      |   |   |   |
| Other                               |   |        | 237,650    |   |      |   | 154,298 |   |
| Total                               |   | $           | 11,939,975 |   |      | $      | 11,736,412 |   |

----

Manag

----

| Adjusted EBITDA           |   | 31-January-13 |       |
|---------------------------|--------|---------------|------------|
| Net income (loss)         |   |          | (3,596,489 | )  |
| Interest                  |   |          | 3,516,018  |   |
| Derivative gain           |   |          | (540,231   | ) |
| Tax                       |   |          | 38,013     |   |
| Depreciation/Amortization |   |          | 353,726    |   |
| Adjusted EBITDA           |   |          | (228,963)  |   |

Cont

----

Legal

Unreg

Defau

Other 

Exh

| Exhibit |   |                                                                                                                                               |
|---------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| Number  |   | Description                                                                                                                                        |
| 31.1    |   | Certification of the Chief Executive Officer required by Rule 13a - 14(a) or Rule 15d - 14(a)                                                      |
| 31.2    |   | Certification of the Chief Financial Officer required by Rule 13a - 14(a) or Rule 15d - 14(a)                                                      |
| 32.1    |   | Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes- Oxley Act of 2002 |
| 32.2    |   | Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes- Oxley Act of 2002 |

----

SIGN

| Dated: March 18, 2013 | By:    | /s/ Adam Radly          |   |
|-----------------------|--------|-------------------------|--------|
|                  |   | Adam Radly              |
|                  |   | Chief Executive Officer |
|                  |   |                    |
| Dated: March 18, 2013 | By:    | /s/ Bob Bates           |   |
|                  |   | Bob Bates               |
|                  |   | Chief Financial Officer |

----