U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB


(Mark One)

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

                For the quarterly period ended September 30, 2002

                                       OR

[ ]  TRANSITION REPORT UNDER SECTION 13 OF 15(D) OF THE EXCHANGE ACT OF 1934

      From the transition period from July 1, 2002 to September 30, 2002.

                        Commission File Number 000-28753

                                 ICHARGEIT, INC.
                                 ---------------
        (Exact name of small business issuer as specified in its charter)

           Delaware                                             33-0880427
           --------                                             ----------
(State or other jurisdiction of                             (IRS Employer
incorporation or organization)                               Identification No.)

                    11 Washington Street Hawthorne, NJ 07506
                    ----------------------------------------
                    (Address of principal executive offices)

                                 (973) 949-3200
                                 --------------
                           (Issuer's telephone number)

                                       N/A
                                       ---
(Former  name,  former  address and former  fiscal year,  if changed  since last
report)

         Indicate  by check mark  whether the  registrant  (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]

As of  September  30, 2002 there were  11,306,260  shares of Common Stock of the
issuer outstanding.


<PAGE>



TABLE OF CONTENTS

                          PART I FINANCIAL STATEMENTS



Item 1     Financial Statements                                             3

Item 2     Management's Discussion and Analysis or Plan of Operation        7

                           PART II OTHER INFORMATION

Item 1     Legal Proceedings                                                9
Item 2     Changes in Securities                                            9
Item 3     Default upon Senior Securities                                   9
Item 4     Submission of Matters to a Vote of Security Holders              9
Item 5     Other Information                                                9
Item 6     Exhibits and Reports on Form 8-K                                 9




                                                                               2
<PAGE>

<TABLE>

<CAPTION>


                                 ICHARGEIT, INC.
                           (DEVELOPMENT STAGE COMPANY)
                           CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)


                                                          September 30,      June 30,
                                                              2002             2002
                                                          ------------    ------------
<S>                                                      <C>              <C>


                  ASSETS                                  $       --      $       --
                                                          ============    ============

                  LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
  Accounts payable                                        $    784,885    $    784,435
  Accrued expenses                                             223,966         223,966
  Notes payable                                                399,064         395,351
                                                          ------------    ------------
    Total current liabilities                                1,407,915       1,403,752
                                                          ------------    ------------


STOCKHOLDERS' DEFICIT:
Preferred stock, $.001 par value, 5,000,000 shares
  authorized, -0- shares issued and outstanding                   --              --
Common stock, $.001 par value, 50,000,000 shares
  authorized, 11,306,260 shares issued and outstanding          11,306          11,306
Additional paid in capital                                  13,068,307      13,068,307
Accumulated deficit                                        (14,477,565)    (14,477,565)
Accumulated deficit during development stage                    (9,963)         (5,800)
                                                          ------------    ------------
  Total Stockholders' Deficit                               (1,407,915)     (1,403,752)
                                                          ------------    ------------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT               $       --      $       --
                                                          ============    ============

</TABLE>




See Accompanying Notes to Financial Statements




                                                                               3
<PAGE>

<TABLE>

<CAPTION>


                                 ICHARGEIT, INC.
                           (DEVELOPMENT STAGE COMPANY)
                       CONSOLIDATED STATEMENTS OF EXPENSES
           THREE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001, AND FOR THE
          PERIOD FROM JULY 1, 2001 (RE-ENTERING THE DEVELOPMENT STAGE)
                              TO SEPTEMBER 30, 2002
                                   (UNAUDITED)


                                                                                                      Re-entering the
                                                                                                     Development Stage
                                                                                                            to
                                                           September 30,         September 30,         September 30,
                                                              2002                  2001                  2002
                                                        --------------------------------------------------------------
<S>                                                     <C>                   <C>        <C>        <C>
    General and administrative expenses                 $            450      $            450      $          2,250
    Interest expense                                               3,713                 1,000                 7,713
                                                        --------------------------------------------------------------
NET LOSS                                                $         (4,163)     $         (1,450)     $         (9,963)
                                                        --------------------------------------------------------------


BASIC AND DILUTED LOSS PER SHARE                        $          (0.00)     $          (0.00)


WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic and diluted                                             11,306,260            11,306,260

</TABLE>




See Accompanying Notes to Financial Statements

                                                                               4
<PAGE>

<TABLE>

<CAPTION>

                                 ICHARGEIT, INC.
                           (DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
           THREE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001, AND FOR THE
          PERIOD FROM JULY 1, 2001 (RE-ENTERING THE DEVELOPMENT STAGE)
                              TO SEPTEMBER 30, 2002
                                   (UNAUDITED)




                                                                                                       Re-entering the
                                                                                                         Development
                                                                                                           Stage to
                                                                September 30,        September 30,      September 30,
                                                                   2002                 2001                2002
                                                             -----------------------------------------------------------
<S>                                                          <C>                   <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                                                     $         (4,163)     $         (1,450)   $         (9,963)
Adjustments to reconcile net loss to net cash used in
operating activities:
    Change in accounts payable and accrued expenses                     4,163                 1,450               9,963
                                                             -----------------------------------------------------------
  Net cash used in operating activities                                     -                     -                   -
                                                             -----------------------------------------------------------

NET CHANGE IN CASH                                                          -                     -                   -


CASH AT BEGINNING OF PERIOD                                                 -                     -                   -

                                                             -----------------------------------------------------------
CASH AT END OF PERIOD                                        $              -      $              -    $              -
                                                             ===========================================================


Supplemental cash flow information:
   Cash paid for interest                                    $              -      $              -    $              -
   Cash paid for income taxes                                               -                     -                   -
</TABLE>



See Accompanying Notes to Financial Statements

                                                                               5
<PAGE>



                                 ICHARGEIT, INC.
                           (DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

Note 1 - Basis of Presentation
------------------------------

The  accompanying   unaudited  interim  consolidated   financial  statements  of
iChargeit,  Inc.  have been prepared in accordance  with  accounting  principles
generally  accepted  in the  United  States  of  America  and the  rules  of the
Securities  and Exchange  Commission.  The results of  operations  for the three
months ended September 30, 2002 are not necessarily indicative of the results of
operations  for the full  year or any  other  interim  period.  The  information
included in this Form 10-QSB  should be read in  conjunction  with  Management's
Discussion and Analysis and Financial  Statements and notes thereto  included in
iChargeit's  June 30,  2002 Form  10-KSB.  Notes to the  consolidated  financial
statements which substantially duplicate the disclosure contained in the audited
financial  statements  for fiscal  2002 as reported in the Form 10-KSB have been
omitted.

NOTE 2 - GOING CONCERN
----------------------

As reflected in the accompanying  consolidated  financial statements,  iChargeit
incurred  operating  losses,  and has a negative  working capital position as of
September 30, 2002. The above factors raise  substantial doubt about iChargeit's
ability to continue  as a going  concern.  IChargeit's  continued  existence  is
dependent on its ability to obtain  additional  equity and/or debt  financing to
fund  its  operations.  IChargeit  plans to raise  additional  financing  and to
increase  sales  volume.  There  is no  assurance  that  iChargeit  will  obtain
additional  financing or achieve  profitable  operations  or cash  inflows.  The
consolidated financial statements do not include any adjustments relating to the
recoverability  or  classification  of recorded  asset amounts or the amount and
classification  of  liabilities  that  might be  necessary  as a result  of this
uncertainty.

NOTE 3 - SUBSEQUENT EVENTS
--------------------------

On August 22, 2006 iChargeit was reincorporated in the State of Nevada under the
laws of the State of Nevada.  On August 22, 2006,  iChargeit changed its name to
Freestone Resources, Inc.


                                                                               6
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS

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.  ICHARGEIT'S  ACTUAL  RESULTS  COULD  DIFFER
MATERIALLY FROM THOSE SET FORTH ON THE FORWARD LOOKING STATEMENTS AS A RESULT OF
THE RISKS SET FORTH IN  ICHARGEIT'S  FILINGS  WITH THE  SECURITIES  AND EXCHANGE
COMMISSION,  GENERAL ECONOMIC CONDITIONS, AND CHANGES IN THE ASSUMPTIONS USED IN
MAKING SUCH FORWARD LOOKING STATEMENTS.

General

Ichargeit,  Inc.  ("iChargeit")  was  involved in the  operation  of an internet
computer supply business until its operations were  discontinued in 2001. It has
had no business since that time.  IChargeit was incorporated as Para-Link,  Inc.
in the  State of Texas on  January  22,  1997 and on March 10,  1999,  Para-Link
acquired 100% of the outstanding capital stock of iChargeit Inc.  ("iChargeit").
iChargeit,  which was incorporated on January 6, 1999 in the State of Nevada. On
March 17, 1999,  iChargeit  changed its name to  iChargeit.  On November 5, 1999
iChargeit  was  reincorporated  in Delaware.  On August 22, 2006  iChargeit  was
reincorporated  in the State of Nevada under the laws of the State of Nevada. On
August 22, 2006, iChargeit changed its name to Freestone Resources, Inc.


RESULTS FOR THE FISCAL QUARTER ENDED September 30, 2002

Our fiscal  quarter ended on September 30, 2002. Any reference to the end of the
fiscal  quarter  refers to the end of the first  fiscal  quarter for the periods
discussed herein.

REVENUE. We had no revenue since we have no operations.

EXPENSES.  Total  expenses for the three months ended  September 30, 2002,  were
$4,163  compared with expenses for the three months ended  September 30, 2001 of
$1,450.

NET LOSS.  Net loss for the three  months  ended  September  30, 2002 was $4,163
compared to a net loss of $1,450 for the three months ended  September 30, 2001.
The net loss per  share  for the  period  ended  September  30,  2002 was  $0.00
compared with net loss per share in the same period in 2001 of $0.00.

LIQUIDITY AND CAPITAL RESOURCES.  We have no cash reserves and no liquidity.  We
are in the process of seeking an acquisition candidate.

Employees

As of September 30, 2002, our President was iChargeit's only employee.


NEED FOR ADDITIONAL FINANCING

IChargeit  is in the  process of seeking an  acquisition  candidate  in order to
return value to its shareholders.

No commitments to provide additional funds have been made by management or other
stockholders.


                                                                               7
<PAGE>


Further,  there  exist no  agreements  or  understandings  with  regard  to loan
agreements  by or  with  the  Officers,  Directors,  principals,  affiliates  or
shareholders of iChargeit.


ITEM 3.  CONTROLS AND PROCEDURES

Disclosure  controls and procedures are controls and other  procedures  that are
designed to ensure that information  required to be disclosed in company reports
filed or submitted  under the  Securities  Exchange  Act of 1934 (the  "Exchange
Act") is recorded,  processed,  summarized and reported, within the time periods
specified  in  the  Securities  and  Exchange   Commission's  rules  and  forms.
Disclosure  controls and procedures include,  without  limitation,  controls and
procedures  designed to ensure that  information  required  to be  disclosed  in
company reports filed under the Exchange Act is accumulated and  communicated to
management,  including  iChargeit's  Chief Executive Officer and Chief Financial
Officer (the  "Certifying  Officers"),  as appropriate to allow timely decisions
regarding required disclosure.

As required  by Rules  13a-15(e)  and  15d-15(e)  under the  Exchange  Act,  the
Certifying Officers carried out an evaluation of the effectiveness of the design
and operation of iChargeit's  disclosure controls and procedures as of September
30,  2002.  Their  evaluation  was carried out with the  participation  of other
members of iChargeit's management.  Based upon their evaluation,  the Certifying
Officers concluded that iChargeit's  disclosure controls and procedures were not
effective.  Controls  were not  effective  primarily  because of failure to file
timely  reports  and in the course of  performing  their work,  our  independent
auditors  determined there were numerous audit  adjustments in various areas due
to a lack  of  resources  devoted  to the  accounting  and  financial  reporting
function.

IChargeit's  internal control over financial reporting is a process designed by,
or under the supervision of, the Certifying Officers and effected by iChargeit's
Board of  Directors,  management  and other  personnel,  to  provide  reasonable
assurance  regarding the reliability of iChargeit's  financial reporting and the
preparation  of  iChargeit's  financial  statements  for  external  purposes  in
accordance with generally accepted accounting principles.  Internal control over
financial  reporting  includes  policies  and  procedures  that  pertain  to the
maintenance of records that in reasonable  detail  accurately and fairly reflect
the  transactions  and dispositions of iChargeit's  assets;  provide  reasonable
assurance that  transactions are recorded as necessary to permit  preparation of
iChargeit's   financial   statements  in  accordance  with  generally   accepted
accounting principles,  and that iChargeit's receipts and expenditures are being
made only in accordance with the authorization of iChargeit's Board of Directors
and management;  and provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition,  use or disposition of iChargeit's assets
that could have a material effect on its financial statements. There has been no
change in iChargeit's internal control over financial reporting that occurred in
the quarter  ended  September  30, 2002,  that has  materially  affected,  or is
reasonably  likely  to  affect,  iChargeit's  internal  control  over  financial
reporting.



                                                                               8
<PAGE>


PART II

Items No. 1, 2, 3, 4, 5 - Not Applicable.


Item No. 6 - Exhibits and Reports on Form 8-K

(a) No reports on Form 8-K were filed during the three  months  ended  September
30, 2002.

(b)   Exhibits

Exhibit Number                      Name of Exhibit

31.1           Certification  of  Chief  Executive  Officer,  pursuant  to  Rule
               13a-14(a) of the  Exchange  Act, as enacted by Section 302 of the
               Sarbanes-Oxley Act of 2002.

31.2           Certification  of  Chief  Financial  Officer,  pursuant  to  Rule
               13a-14(a) of the  Exchange  Act, as enacted by Section 302 of the
               Sarbanes-Oxley Act of 2002.

32.1           Certification  of Chief  Executive  Officer  and Chief  Financial
               Officer,  pursuant to 18 United  States  Code  Section  1350,  as
               enacted by Section 906 of the Sarbanes-Oxley Act of 2002.



                                   SIGNATURES

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

ICHARGEIT, INC.

By /s/ James F. Carroll
--------------------------
James F. Carroll, President, CFO

Date: April 16, 2007




                                                                               9