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 March 31, 2003

                                       OR

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



                        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 March 31, 2003 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)



                                                                      March 31, 2003       June 30, 2002
<S>                                                                <C>                  <C>


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


                  LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
  Accounts payable                                                 $       785,785      $       784,435
  Accrued expenses                                                         223,966              223,966
  Notes payable                                                            406,490              395,351
                                                                   ---------------------------------------
    Total current liabilities                                            1,416,241            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                               (18,289)              (5,800)
                                                                   ---------------------------------------
  Total Stockholders' Deficit                                           (1,416,241)          (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 OPERATIONS
        THREE AND NINE MONTHS ENDED MARCH 31, 2003 AND 2002, AND FOR THE
          PERIOD FROM JULY 1, 2001 (RE-ENTERING THE DEVELOPMENT STAGE)
                                TO MARCH 31, 2003
                                   (UNAUDITED)





                                                                                                                    Re-entering the
                                                Three Months      Three Months    Nine Months       Nine Months       Development
                                                   ended             ended           ended             ended            Stage to
                                                 March 31,         March 31,       March 31,         March 31,         March 31,
                                                   2003              2002            2003              2002              2003
                                             ---------------------------------------------------------------------------------------
<S>                                          <C>                 <C>              <C>              <C>             <C>

    General and administrative expenses      $            450    $          450   $      1,350    $      1,350     $          3,150
    Interest expense                                    3,713             1,000         11,139           3,000               15,139
                                             ---------------------------------------------------------------------------------------
NET LOSS                                     $         (4,163)   $       (1,450)  $    (12,489)   $     (4,350)    $        (18,289)
                                             =======================================================================================


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

WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic and diluted                                  11,306,260        11,306,260     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
             NINE MONTHS ENDED MARCH 31, 2003 AND 2002, AND FOR THE
          PERIOD FROM JULY 1, 2001 (RE-ENTERING THE DEVELOPMENT STAGE)
                                TO MARCH 31, 2003
                                   (UNAUDITED)





                                                                                                         Re-entering the
                                                                                                        Development Stage
                                                                  March 31,            March 31,          to March 31,
                                                                   2003                 2002                 2003
                                                             ------------------------------------------------------------
<S>                                                          <C>                   <C>                 <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                                                     $        (12,489)     $         (4,350)   $        (18,289)
Adjustments to reconcile net loss to net cash used in
operating activities:
    Change in accounts payable and accrued expenses                    12,489                 4,350              18,289
                                                             ------------------    ----------------    ------------------
  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
                                 MARCH 31, 2003

Note 1 - 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 and
nine months ended March 31, 2003 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
the Company'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
March 31, 2003.  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
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.  THE  COMPANY'S  ACTUAL  RESULTS COULD DIFFER
MATERIALLY FROM THOSE SET FORTH ON THE FORWARD LOOKING STATEMENTS AS A RESULT OF
THE RISKS SET FORTH IN THE COMPANY'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.  (The  "Company")  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. The Company 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, the Company  changed its name to iChargeit.  On November 5, 1999
the Company was  reincorporated in Delaware.  On August 22, 2006 the Company was
reincorporated  in the State of Nevada under the laws of the State of Nevada. On
August 22, 2006, the Company changed its name to Freestone Resources, Inc.


RESULTS FOR THE FISCAL QUARTER ENDED March 31, 2003

Our fiscal  quarter  ended on March 31,  2003.  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 March 31, 2003, were $4,163
compared  with  expenses  for the three  months  ended March 31, 2002 of $1,450.
Total expenses for the nine months ended March 31, 2003,  were $12,489  compared
with expenses for the three months ended March 31, 2002 of $4,350.  The increase
is the result of interest accrued on a note payable.

NET  INCOME  (LOSS).  Net loss for the three  months  ended  March 31,  2003 was
($4,163) compared to a net loss of ($1,450) for the three months ended March 31,
2002.  The net loss for the nine  months  ended  March  31,  2003 was  ($12,489)
compared to a net loss of ($1,450) for the nine months ended March 31, 2002.

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 March 31, 2003, our President was the Company's only employee.


NEED FOR ADDITIONAL FINANCING

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


                                                                               7
<PAGE>


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

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


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 the Company'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 the Company's  disclosure  controls and  procedures as of March
31,  2003.  Their  evaluation  was carried out with the  participation  of other
members of the Company's management. Based upon their evaluation, the Certifying
Officers  concluded that the Company'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.

The Company's  internal  control over financial  reporting is a process designed
by, or under the  supervision  of, the  Certifying  Officers and effected by the
Company's  Board of  Directors,  management  and  other  personnel,  to  provide
reasonable  assurance  regarding  the  reliability  of the  Company's  financial
reporting and the preparation of the Company'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 the Company's  assets;  provide
reasonable  assurance  that  transactions  are  recorded as  necessary to permit
preparation of the Company's  financial  statements in accordance with generally
accepted accounting principles, and that the Company's receipts and expenditures
are being made only in accordance with the  authorization of the Company's Board
of  Directors  and  management;   and  provide  reasonable  assurance  regarding
prevention or timely detection of unauthorized  acquisition,  use or disposition
of the  Company's  assets  that could have a  material  effect on its  financial
statements.  There has been no change in the  Company'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,  the  Company'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 March 31,
2003.

(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