SECURITIES
AND EXCHANGE COMMISSION
 Washington,
D.C. 20549
  FORM
10-KSB
 
 (Mark
One)
 x
              ANNUAL
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
  For
the fiscal year ended December 31, 2007
 
 o
              TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
  For the
transition period from ___________ to ___________
  Commission
File No. 000-51879
 Standard
Mobile, Inc.
 (Name of
small business issuer in its charter)
  DELAWARE
              26-1276310(State
      or other jurisdiction of
                incorporation
      or organization)
              (IRS
      Employer Identification No.)
  16870
      Valley View Avenue, La Mirada California
              90638(Address
      of principal executive offices)
              (Zip
      Code)
  (714)
994-1400
 (Registrant’s
telephone number, including area code)
  Securities
      registered under Section 12(b) of the Exchange Act:Title
      of each class registered:
              Name
      of each exchange on which registered:None
              NoneSecurities
      registered under Section 12(g) of the Exchange Act:Common
      Stock, par value $.001
                (Title
      of class)
  Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during he
preceding 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.
 Yesx     Noo
  Indicate
by check mark whether the registrant is a shell company as defined in Rule 12b-2
of the Exchange Act.
 Yesx     Noo
  Check if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B not contained in this form, and no disclosure will be contained,
to the best of the registrant’s knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. o
  Revenues
for year ended December 31, 2007: $0
 
 Aggregate
market value of the voting common stock held by non-affiliates of the registrant
as of December 31, 2007, was: $0
 
 Number of
shares of the registrant’s common stock outstanding as of March 23, 2008 was:
708,000
 
 Transitional Small Business Disclosure
Format: Yeso    Nox
   Table of Contents
  
 TABLE OF CONTENTS
  PART
      I
              
              1ITEM 1.
              DESCRIPTION OF BUSINESS
              1ITEM 2.
              DESCRIPTION OF PROPERTY
              2ITEM 3.
              LEGAL PROCEEDINGS
              2ITEM 4.
              SUBMISSION OF MATTERS TO A VOTE OF SECURITY
      HOLDERS
              2PART
      II
              
              2ITEM 5.
              MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
      MATTERS
              2ITEM 6.
              MANAGEMENT’S DISCUSSION OF FINANCIAL CONDITION AND RESULTS
      OF OPERATIONS
              4ITEM 7.
              FINANCIAL STATEMENTS AND SUPPLEMENTARY
    DATA
              4ITEM 8.
              CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
      AND FINANCIAL DISCLOSURES
              5ITEM 8A.
              CONTROLS AND PROCEDURES
              5PART
      III
              
              5ITEM 9.
              DIRECTORS AND EXECUTIVE OFFICERS OF THE
      REGISTRANT
              5ITEM 10.
              EXECUTIVE COMPENSATION
              6ITEM 11.
              SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
      MANAGEMENT
              6ITEM 12.
              CERTAIN RELATIONSHIPS AND RELATED
      TRANSACTIONS
              7PART
      IV
              
              7ITEM 13.
              EXHIBITS LIST AND REPORTS ON FORM 8-K
              7ITEM 14.
              PRINCIPAL ACCOUNTANT FEES AND SERVICES
              7SIGNATURES
              
              8
  i
  Table of Contents
  PART
I
  ITEM 1.DESCRIPTION OF
BUSINESS
  General
 
 4303,
Inc. was incorporated on December 9, 2005 under the laws of the State of
Delaware to engage in any lawful corporate undertaking, including, but not
limited to, selected mergers and acquisitions. We have been in the developmental
stage since inception and have no operations to date other than issuing shares
to our original shareholder.  4303, Inc. subsequently changed its name
to Thermal Technology Services, Inc.
 
 On
October 22, 2007, the Company entered into a Stock Purchase Agreement with
Won Bum Lee for the purchase of all of the issued and outstanding shares of the
Company from Michael Raleigh, the sole officer and director of the
Company.  Pursuant to this Agreement, Mr. Raleigh resigned as the
Company’s sole officer and director and Mr. Lee was appointed the Company’s
Chairman and President.  In addition, the Company changed its name to
Standard Mobile, Inc. and amended its business plan to focus on the sale and
distribution of cellular phones and other telecommunications devices including
VoIP products.
 
 Business
Development
 
 We were
founded December 9, 2005 by Michael Raleigh.  On October 22, 2007, all of
the issued and outstanding shares were purchased by Mr. Won Bum Lee who became
the Company’s Chairman and President and amended its business plan to focus its
operations on the sale and distribution of cellular phones and VoIP
telecommunications equipment.  We have changed our name to Standard Mobile,
Inc. (“Standard Mobile”) to better reflect our new business plan.
 
 Standard
Mobile has only recently begun to operate as a seller and distributor of
cellular phones and VoIP telecommunications equipment and has not generated any
revenue.
 
 The
Company has not been involved in any bankruptcy, receivership or similar
proceeding at any time during its corporate existence.  The only
material reclassification, merger, consolidation, or purchase or sale of
significant assets was the purchase of 100% of the issued and outstanding shares
of common stock by Mr. Won Bum Lee from Michael Raleigh pursuant to the Stock
Purchase Agreement, as described above.
 
 Business
of Issuer
 
 Standard
Mobile is a sales business that intends to sell cellular phones and VoIP
products to retailers.  Almost 50% of our market is in California and
we hope to expand our presence throughout the United States and
globally.
 
 Products
 We sell
and distribute wireless telecommunication products, VoIP products and our
distribution services include the purchasing, selling, warehousing, programming,
packing, shipping, and delivery of handsets for wireless telecommunications and
VoIP products from manufacturers to agents, resellers, distributors, independent
dealers and retailers in the United States.
 
 Competitors
 We
compete for sales and distribution of wireless telecommunications equipment and
accessories with numerous well-established wireless network operators,
distributors and manufacturers, including our own suppliers. Our competitors in
the United States include such companies as BrightPoint, Inc., Bright Star,
Inc., and Infosonic, Inc. The wireless telecommunications industry is intensely
competitive and we may not be able to continue to compete successfully in this
industry.
  Raw
Materials
 The
Company’s business does not depend on raw materials in order to provide its
services.
 
 Customers
 Standard
Mobile seeks to develop a large customer base and sell to various
retailers, network operators, and distributors.  The Company will
not rely on any one customer or client to support its business
operations.
 
 Patents
 At this
point, Standard Mobile does not possess nor does it intend to possess any
patents, trademarks, licenses, franchises, concessions, royalty agreements or
any labor contracts.  In addition, Standard Mobile does not see a need
for government approval of its business operations and does not expect the
government to begin regulating this industry.  Standard Mobile does
not expect to incur any costs of compliance with environmental laws or
regulations.
   1
 Table of Contents
 
 Employees
 Standard
Mobile is currently in its initial business stage and, therefore, does not have
any employees other than Mr. Lee.  As the business grows, the Company
will need to hire a sales force and other employees to manage its operations
and develop its customer base.
 
 Use
of Financing
 
 Standard
Mobile will use the funds raised to continue to fund operations and expand
its customer base.  Because Standard Mobile does not currently have
sufficient revenues to continue to fund operations, we will rely on the funds
raised to continue to operate throughout the next 12 months.
 
 Revenue
Sources
 
 Currently,
we do not have any revenues, however, we expect to derive revenue from the sale
of cellular phones and VoIP telecommunication equipment to retail stores and
distributors of cellular products.
 
 ITEM 2. DESCRIPTION OF
PROPERTY
  We
presently maintain our principal offices at 16870 Valley View Road, La Mirada,
California 90638. Our telephone number is (714)670-7868.
  ITEM 3. LEGAL
PROCEEDINGS
  We are
not presently parties to any litigation, nor to our knowledge and belief is any
litigation threatened or contemplated.
  ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF
SECURITY HOLDERS
 
 On
December 1, 2007, our board of directors approved the issuance of 500,000 shares
of common stock to Mr. Won Bum Lee as consideration for services
rendered.  The share issuance was also approved by a majority of the
Company’s stockholders.
  PART
II
 
 ITEM 5. MARKET FOR COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS
  Public Market for Common
Stock
 
 During
the year ended December 31, 2007, there was no trading market for our Common
Stock. As of February 19, 2008, however, we were cleared to trade on the OTC
Bulletin Board with an initial quote of $0.45 Bid and $0.55 Ask.  Our
symbol is SDML.OB.
  The
Securities and Exchange Commission has adopted Rule 15g-9 which establishes the
definition of a “penny stock,” for purposes relevant to us, as any equity
security that has a market price of less than $5.00 per share or with an
exercise price of less than $5.00 per share, subject to certain exceptions. For
any transaction involving a penny stock, unless exempt, the rules require: (i)
that a broker or dealer approve a person’s account for transactions in penny
stocks and (ii) the broker or dealer receive from the investor a written
agreement to the transaction, setting forth the identity and quantity of the
penny stock to be purchased. In order to approve a person’s account for
transactions in penny stocks, the broker or dealer must (i) obtain financial
information and investment experience  and objectives of the person;
and (ii) make a reasonable determination that the transactions in penny stocks
are suitable for that person and that person has sufficient knowledge and
experience in financial matters to be capable of evaluating the risks of
transactions in penny stocks. The broker or dealer must also deliver, prior to
any transaction in a penny stock, a disclosure schedule prepared by the
Commission relating to the penny stock market, which, in highlight form, (i)
sets forth the basis on which the broker or dealer made the suitability
determination and (ii) that the broker or dealer received a signed, written
agreement from the investor prior to the transaction. Disclosure also has to be
made about the risks of investing in penny stocks in both public offerings and
in secondary trading, and about commissions payable to both the broker-dealer
and the registered representative, current quotations for the securities and the
rights and remedies available to an investor in cases of fraud in penny stock
transactions. Finally, monthly statements have to be sent disclosing recent
price information for the penny stock held in the account and information on the
limited market in penny stocks.
  Holders
  As of
December 31, 2007, 708,000 shares of common stock are issued and
outstanding and held by 40 shareholders.  Holders of our common stock
are entitled to one vote for each share on all matters submitted to a
stockholder vote.
   2
 Table of Contents
 
 Holders
of common stock do not have cumulative voting rights.
 
 Therefore,
holders of a majority of the shares of common stock voting for the election of
directors can elect all of the directors. Holders of our common stock
representing a majority of the voting power of our capital stock issued and
outstanding and entitled to vote, represented in person or by proxy, are
necessary to constitute a quorum at any meeting of our stockholders. A vote by
the holders of a majority of our outstanding shares is required to effectuate
certain fundamental corporate changes such as liquidation, merger or an
amendment to our Articles of Incorporation.
 
 Although
there are no provisions in our charter or by-laws that may delay, defer or
prevent a change in control, we are authorized, without shareholder approval, to
issue shares of preferred stock that may contain rights or restrictions that
could have this effect.
 
 Holders
of common stock are entitled to share in all dividends that the board of
directors, in its discretion, declares from legally available funds. In the
event of liquidation, dissolution or winding up, each outstanding share entitles
its holder to participate pro rata in all assets that remain after payment of
liabilities and after providing for each class of stock, if any, having
preference over the common stock. Holders of our common stock have no
pre-emptive rights, no conversion rights and there are no redemption provisions
applicable to our common stock.
 
 Dividends
 
 Since
inception we have not paid any dividends on our common stock. We currently do
not anticipate paying any cash dividends in the foreseeable future on our common
stock, when issued pursuant to this offering. Although we intend to retain our
earnings, if any, to finance the exploration and growth of our business. Our
Board of Directors will have the discretion to declare and pay dividends in the
future.
 
 Payment
of dividends in the future will depend upon our earnings, capital requirements,
and other factors, which our Board of Directors may deem relevant.
 
 Recent Sales of Unregistered
Securities
  On
December 1, 2007, we issued 500,000 shares to Won Bum Lee for services
rendered.  Such shares were issued in reliance on an exemption from
registration under Section 4(2) of the Securities Act of 1933. These shares of
our common stock qualified for exemption under Section 4(2) of the Securities
Act of 1933 since the issuance shares by us did not involve a public offering.
The offering was not a “public offering” as defined in Section 4(2) due to the
insubstantial number of persons involved in the deal, size of the offering, and
manner of the offering and number of shares offered. We did not undertake an
offering in which we sold a high number of shares to a high number of investors.
In addition, Won Bum Lee had the necessary investment intent as required by
Section 4(2) since he agreed to and received a share certificate bearing a
legend stating that such shares are restricted pursuant to Rule 144 of the 1933
Securities Act. This restriction ensures that these shares would not be
immediately redistributed into the market and therefore not be part of a “public
offering.” Based on an analysis of the above factors, we have met the
requirements to qualify for exemption under Section 4(2) of the Securities Act
of 1933 for this transaction.
 
 On
December 10, 2007, we completed a private placement whereby we sold 108,000
shares of our common stock to 39 shareholders of our common
stock.  This offering was exempt from registration pursuant to Rule
506 of Regulation D and Section 4(2) of the Securities Act of
1933.  Subsequently, we filed a registration statement covering these
108,000 shares of common stock and on January 16, 2008, the registration
statement was declared effective.
  Equity Compensation Plan
Information
  The
following table sets forth certain information as of March 23, 2008, with
respect to compensation plans under which our equity securities are authorized
for issuance:
  (a)
              (b)
              (c)_________________
              _________________
              _________________Number
      of securities to be issued upon exercise of outstanding options, warrants
      and rights
              Weighted-average
      exercise price of outstanding options, warrants and rights
              Number
      of securities remaining available for future issuance under equity
      compensation plans (excluding securities reflected in column
      (a))Equity
      compensation
              NonePlans
      approved bySecurity
      holdersEquity
      compensation
              NonePlans
      not approvedBy
      security holdersTotal
   3
 Table of Contents
 
 ITEM 6. MANAGEMENT’S DISCUSSION AND ANALYSIS OR
PLAN OF OPERATIONS
  Plan of
Operation
  This
section of the annual report includes a number of forward-looking statements
that reflect our current views with respect to future events and financial
performance. Forward-looking statements are often identified by words like
believe, expect, estimate, anticipate, intend, project and similar expressions,
or words which, by their nature, refer to future events. You should not place
undue certainty on these forward-looking statements. These forward-looking
statements are subject to certain risks and uncertainties that could cause
actual results to differ materially from our predictions.
 
 Overview
 
 We were
founded December 9, 2005 by Michael Raleigh.  On October 22, 2007, all
of the issued and outstanding shares were purchased by Mr. Won Bum Lin who
became the Company’s Chairman and President and amended its business plan and
began to focus its operations on the sale of cellular products, including
cellular phones and VoIP telecommunications products.  We have changed
our name to Standard Mobile, Inc. (“Standard Mobile”) to better reflect our new
business plan.
  Plan
of Operation
 
 During
the next twelve months, we expect to take grow our sales leads and establish
business relationships and sales contacts in an effort to develop our business
and the implementation of our plan of operations.
 
 To date,
we have provided for our cash requirements through an initial capital
contribution by our officer and director, as well as a private placement of
securities to certain investors.  We received gross proceeds of
approximately $54,000 from these activities which we have used for general
working capital purposes. We anticipate that additional funding will be required
in the form of equity financing from the sale of our common stock and from loans
from our directors. However, we cannot provide investors with any assurance that
we will be able to raise sufficient funding from the sale of our common stock to
fund all of our anticipated expenses.  We do not have any
arrangements in place for any future equity financing.
 
 We have
not incurred any research or development expenditures since our
incorporation.
 
 We do not
have plans to purchase or sell plant and significant
equipment.
 
 We have
no employees as of the date of this annual report
other than our director.
 
 In the
next 12 months, we anticipate spending an additional $15,000 on administrative
expenses, including fees payable in connection with the filing of this
registration statement and complying with reporting obligations.
  Off-Balance
Sheet Arrangements
 
 We do not
have any off-balance sheet arrangements, financings, or other relationships with
unconsolidated entities or other persons, also known as “special purpose
entities”(SPEs).
  ITEM 7. FINANCIAL
STATEMENTS




4
 Table of Contents




STANDARD
MOBILE, INC.
 (a
development stage company)
  FINANCIAL
STATEMENTS
    AS
OF DECEMBER 31, 2007 and 2006
 
 
 STANDARD
MOBILE, INC.
 (a
devlopment stage company)
 Financial
Statements Table of Contents
 
  FINANCIAL
      STATEMENTS
                Page
      #Independent
      Auditors Report
                F-1Balance
      Sheet
                F-2Statement
      of Operations and Retained Deficit
                F-3Statement
      of Stockholders Equity
                F-4Cash
      Flow Statement
                F-5Notes
      to the Financial Statements
                F-6
    Table of Contents
  
 
 REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
 
 
 To The
Board of Directors and Shareholders
 STANDARD
MOBILE, INC.
  We have
audited the accompanying balance sheets of Standard Mobile, INC. (a development
stage company), as of December 31, 2007 and 2006, and the related statement of
operations, equity and cash flows for the twelve months then ended and from
inception (December 9, 2005) through December 31, 2007.  These
financial statements are the responsibility of the Company’s
management.  Our responsibility is to express an opinion on these
financial statements based on our audit.
 
 We
conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States).  Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement.  An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements.  An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our
opinion.
 
 In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Standard Mobile,INC., as of
December 31, 2007 and 2006, and the results of its operations and its cash flows
for the twelve months then ended and from inception (December 9, 2005) through
December 31, 2007 in conformity with U.S. generally accepted accounting
principles.
  Gately
& Associates, LLC
 Altamonte
Springs, FL
 January
24, 2008
 
  F-1
 Table of Contents
    STANDARD
      MOBILE, INC.(a
      development stage company)BALANCE
      SHEETAs
      of December 31, 2007 and December 31, 2006ASSETSCURRENT
      ASSETS
                  
                  12/31/2007
                  
                  
                  12/31/2006Cash
                  
                  $
                  12,600
                  
                  
                  $
                  -Total
      Current Assets
                  
                  
                  12,600
                  
                  
                  
                  -TOTAL
      ASSETS
                  
                  $
                  12,600
                  
                  
                  $
                  -LIABILITIES AND
      STOCKHOLDERS' EQUITYCURRENT
      LIABILITIESAccrued
      Expenses
                  
                  $
                  5,250
                  
                  
                  $
                  1,750Notes
      Payable
                  
                  
                  12,600
                  
                  
                  
                  -Total
      Current Liabilities
                  
                  
                  17,850
                  
                  
                  
                  1,750TOTAL
      LIABILITIES
                  
                  $
                  17,850
                  
                  
                  $
                  1,750STOCKHOLDERS'
      EQUITYPreferred Stock
      - Par value $0.001;Authorized:
      10,000,000None
      issues and outstanding
                  
                  $
                  -
                  
                  
                  $
                  -Common
      Stock - Par value $0.001;Authorized:
      100,000,000Issued
      and Outstanding: 708,000 and 100,000
                  
                  
                  708
                  
                  
                  
                  100Additional
      Paid-In Capital
                  
                  
                  55,672
                  
                  
                  
                  -Stock
      subscription receivable
                  
                  
                  (54,000
                  )
                  
                  
                  -Accumulated
      Deficit
                  
                  
                  (7,630
                  )
                  
                  
                  (1,850
                  )Total
      Stockholders' Equity
                  
                  
                  (5,250
                  )
                  
                  
                  (1,750
                  )TOTAL
      LIABILITIES AND EQUITY
                  
                  $
                  12,600
                  
                  
                  $
                  -
  The
accompanying notes are an integral part of these financial
statements.
   F-2
 Table of Contents
   STANDARD
      MOBILE, INC.(a
      development stage company)STATEMENT
      OF OPERATIONSFor
      the twelve months ending December 31, 2007 and 2006from
      inception (December 9, 2005) through December 31, 200712
      MONTHS
                  
                  
                  12
      MONTHS
                  
                  
                  FROMENDING
                  
                  
                  ENDING
                  
                  
                  INCEPTION12/31/2007
                  
                  
                  12/31/2006
                  
                  
                  TO
      12/31/07REVENUE
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -COST OF
      SERVICES
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -GROSS PROFIT OR
      (LOSS)
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -GENERAL AND
      ADMINISTRATIVE EXPENSES
                  
                  
                  5,765
                  
                  
                  
                  800
                  
                  
                  
                  7,615OPERATING
      INCOME
                  
                  
                  (5,765
                  )
                  
                  
                  (800
                  )
                  
                  
                  (7,615
                  )INTEREST
      EXPENCE
                  
                  
                  15
                  
                  
                  
                  -
                  
                  
                  
                  15NET
      INCOME
                  
                  
                  (5,780
                  )
                  
                  
                  (800
                  )
                  
                  
                  (7,630
                  )ACCUMULATED DEFICIT,
      BEGINNING BALANCE
                  
                  
                  (1,850
                  )
                  
                  
                  (400
                  )
                  
                  
                  -ACCUMULATED DEFICIT, ENDING
      BALANCE
                  
                  $
                  (7,615
                  )
                  
                  $
                  (1,200
                  )
                  
                  $
                  (7,615
                  )Earnings (loss) per
      share
                  
                  $
                  (0.04
                  )
                  
                  $
                  (0.01
                  )Weighted average
      number of common shares
                  
                  
                  144,351
                  
                  
                  
                  100,000
  The accompanying notes are
an integral part of these financial statements.
   F-3
 Table of Contents
  STANDARD
      MOBILE, INC.(a
      development stage company)STATEMENT
      OF STOCKHOLDERS' EQUITYFrom
      inception (December 9, 2005) through December 31, 2007COMMON
                  
                  
                  Paid-In
                  
                  
                  ACCUM.
                  
                  
                  TOTALSHARES
                  
                  
                  STOCK
                  
                  
                  Capital
                  
                  
                  DEFICIT
                  
                  
                  EQUITYStock
      issued on acceptance
                  
                  
                  100,000
                  
                  
                  $
                  100
                  
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  100of
      incorporation expensesDecember
      9, 2005Net
      Income (Loss)
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  (400
                  )
                  
                  
                  (400
                  )Total,
      December 31, 2005
                  
                  
                  100,000
                  
                  
                  $
                  100
                  
                  
                  $
                  -
                  
                  
                  $
                  (400
                  )
                  
                  $
                  (300
                  )Net
      Income (Loss)
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  (1,450
                  )
                  
                  
                  (1,450
                  )Total,
      December 31, 2006
                  
                  
                  100,000
                  
                  
                  $
                  100
                  
                  
                  $
                  -
                  
                  
                  $
                  (1,850
                  )
                  
                  $
                  (1,750
                  )Stock
      issued as compensationat
      $0.001 per share onDecember
      1, 2007
                  
                  
                  500,000
                  
                  
                  
                  500
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  500Stock
      subscribed at $0.50 pershare
      on private placementon
      December 20, 2007
                  
                  
                  108,000
                  
                  
                  
                  108
                  
                  
                  
                  53,892
                  
                  
                  
                  
                  
                  
                  
                  54,000Stock
      subscription receivable
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  (54,000
                  )In-kind
      Contribution
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  1,780
                  
                  
                  
                  
                  
                  
                  
                  1,780Net
      Income (Loss)
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  (5,780
                  )
                  
                  
                  (5,780
                  )Total,
      December 31, 2007
                  
                  
                  708,000
                  
                  
                  $
                  708
                  
                  
                  $
                  55,672
                  
                  
                  $
                  (7,630
                  )
                  
                  $
                  (5,250
                  )
  The accompanying notes are
an integral part of these financial statements.
   F-4
 Table of Contents
   STANDARD
      MOBILE, INC.(a
      development stage company)STATEMENTS
      OF CASH FLOWSFor
      the twelve months ending December 31, 2007 and 2006from
      inception (December 9, 2005) through December 31, 200712
      MONTHS
                  
                  
                  12
      MONTHS
                  
                  
                  FROMENDING
                  
                  
                  ENDING
                  
                  
                  INCEPTIONCASH FLOWS FROM
      OPERATING ACTIVITIES
                  
                  12/31/2007
                  
                  
                  12/31/2006
                  
                  
                  TO
      12/31/07Net
      income (loss)
                  
                  $
                  (5,780
                  )
                  
                  $
                  (800
                  )
                  
                  $
                  (7,615
                  )Stock
      issued as compensation
                  
                  
                  500
                  
                  
                  
                  -
                  
                  
                  
                  600In-Kind
      Contribution
                  
                  
                  1,780
                  
                  
                  
                  -
                  
                  
                  
                  1,780Increase
      (Decrease) in Accrued Expenses
                  
                  
                  3,500
                  
                  
                  
                  800
                  
                  
                  
                  5,250Total
      adjustments to net income
                  
                  
                  5,780
                  
                  
                  
                  800
                  
                  
                  
                  7,630Net
      cash provided by (used in) operating activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  15CASH FLOWS FROM
      INVESTING ACTIVITIESNone
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -Net
      cash flows provided by (used in) investing activities
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -CASH FLOWS FROM
      FINANCING ACTIVITIESCash
      received on notes payable
                  
                  
                  12,600
                  
                  
                  
                  -
                  
                  
                  
                  12,600Net
      cash provided by (used in) financing activities
                  
                  
                  12,600
                  
                  
                  
                  -
                  
                  
                  
                  12,600CASH
      RECONCILIATIONNet
      increase (decrease) in cash
                  
                  
                  12,600
                  
                  
                  
                  -
                  
                  
                  
                  12,615Cash
      - beginning balance
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -CASH BALANCE - END OF
      PERIOD
                  
                  $
                  12,600
                  
                  
                  $
                  -
                  
                  
                  $
                  12,615
  The accompanying notes are
an integral part of these financial statements.
   F-5
 Table of Contents
   STANDARD
MOBILE, INC.
  Notes
to the financial statements
 
   1.   Summary
of Significant Accounting Policies:
  Standard
Mobile, Inc. (formerly known as Thermal Technology Services, Inc.) was
incorporated in 2005 under the name 4303, Inc. (the “Company”).  Prior
to October 22, 2007, the Company changed its name to Thermal Technologies,
Inc.  On October 22, 2007 (the "Effective Date"), pursuant to the
terms of a Stock Purchase Agreement, Won Bum Lee purchased a total of 100,000
shares of issued and outstanding common stock of Thermal Technology Services,
Inc. from Michael Raleigh, the sole officer, director and shareholder of the
Company, for an aggregate of $32,500 in cash. The total of 100,000 shares
represented all of the shares of outstanding common stock of the Company at the
time of transfer.  Mr. Lee used private funds to purchase the shares
of the Company.
  We are
currently located in La Mirada, California. We focus our business on
telecommunication sales and distribution, including sales of cellular phones,
telecommunication equipment and other various VoIP products.
  As we
grow, we will take on people and services in related markets and continue to
expand our sales and services throughout the United States and eventually on a
global basis.  We also expect to gain additional leverage by entering
into contracts with electronic companies for the sales of their
equipment.
  The
Company’s fiscal year end is December 31, a calendar year end.
  Significant Accounting
Policies:
  The
Company’s management has adopted the following accounting policies.
  Revenue
Recognition
  The
Company currently has no revenues and accounts for costs on the accrual basis as
a going concern under Generally Accepted Accounting Principles.
  Cash and Cash
Equivalents
  The
Company considers cash on hand and amounts on deposit with financial
institutions which have original maturities of three months or less to be cash
and cash equivalents.
  Basis of
Accounting
  The
Company’s financial statements are prepared in accordance with generally
accepted accounting principles.  The Company’s management has made all
adjustments in their opinion that are necessary in order to make the financial
statements not misleading.
  Estimates and
adjustment
  The
Company’s management is of the opinion that all estimates and adjustment have
been made in accordance with Generally Accepted Accounting Principle in order
for the financial statements to not be misleading.
  
 
 F-6
 Table of Contents
   Income
Taxes
  The
Company utilizes the asset and liability method to measure and record deferred
income tax assets and liabilities.  Deferred tax assets and
liabilities reflect the future income tax effects of temporary differences
between the financial statement carrying amounts of existing assets and
liabilities and their respective tax bases and are measured using enacted tax
rates that apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled.  Deferred tax
assets are reduced by a valuation allowance when, in the opinion of management,
it is more likely than not that some portion or all of the deferred tax assets
will not be realized.
  Earnings Per
Share
  Basic and
diluted earnings per share is computed by dividing earnings available to
stockholders by the weighted-average number of shares outstanding for the period
as guided by the Financial Accounting Standards Board (FASB) under Statement of
Financial Accounting Standards (SFAS) No. 128, “Earnings per
Shares”.  Diluted EPS reflects the potential dilution of securities
that could share in the earnings.
  Concentrations of Credit
Risk
  Financial
instruments that potentially expose the Company to concentrations of credit risk
consist principally of operating demand deposit accounts. The Company’s policy
is to place its operating demand deposit accounts with high credit quality
financial institutions that are insured by the FDIC.
  2.   Related
Party Transactions:
  Primary
shareholders currently fund the Company and pay certain expenses on behalf of
the Company which are recorded as in kind contributions to equity.  A
related party has also loaned the Company money in the form of note
payables.
  3.   Accounts
Receivable:
  The
Company has no receivables at this time.
  4.   Use of
Estimates:
  The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
  5.   Accounts
Payable and Accrued Expenses:
  Accounts
payable and accrued expenses consist of trade payables from normal operations of
the business.
   
 F-7
 Table of Contents
   6.   Notes
Payable:
  At
various dates during 2007, the Company borrowed $12,600 from related party
individuals and companies.  All notes are demand notes carrying a 3%
interest rate.
  7.   Stockholder
Equity:
  Preferred
stock includes 10,000,000 shares authorized at a par value of $0.001, of which
none are issued or outstanding.
 
 Common
Stock includes 100,000,000 shares authorized at a par value of $0.001, of which
100,000 have been issued for the amount of $100 on December 9, 2005 in
acceptance of the incorporation expenses for the Company.
 
 On
October 22, 2007, Won Bum Lee purchased a total of 100,000 shares of issued and
outstanding common stock of Thermal Technology Services, Inc. from Michael
Raleigh, the sole officer, director and shareholder of the Company, for an
aggregate of $32,500 in cash.
 
 During
December 2007, the Company issued 500,000 shares of common stock to its sole
director of the Company as compensation in the amount of $500, or $0.001 per
share.
 
 During
December 2007, the Company undertook a Section 4(2) registration under the
Securities Act of 1933 to raise $54,000 in the issuance of 108,000 shares of
common stock at $0.50 per share. The stock issuance has been recorded as a stock
subscription receivable.  The Company’s management considers this
offering to be exempt under the Securities Act of 1933.
  8.   Employment
Contract and Incentive Commitments:
  The
Company has no employment contracts and incentive commitments.
  9.  Income
Taxes:
  The income tax payable
that was accrued for the year ended December 31, 2007 was offset by the
Company’s net operating loss carry-forward therefore the provisions for income
tax in the income statement is $0.  For the twelve months ended
December 31, 2007 the Company had an operating loss of $5,765, which is a loss
that can be carried forward to offset future income for a period of 20 years.
The Company has net operating loss carry-forwards that were derived solely from
operating losses. These amounts can be carried forward to be used to offset
future income for tax purposes for a period of 20 years for each year’s loss.
The accounting for these losses derives a deferred tax asset for the twelve
months ended December 31, 2007 of 1,523.
  No provision was made for
federal income tax since the Company has significant net operating losses. From
inception through December 31, 2007, the Company incurred net operating losses
for tax purposes of approximately $7,615. The net operating loss carry forwards
may be used to reduce taxable income through the years 2025 to 2027. The
availability of the Company’s net operating loss carry-forwards are subject to
limitation if there is a 50% or more positive change in the ownership of the
Company’s stock. The provision for income taxes consists of the federal and
state minimum tax imposed on corporations.
  Deferred income taxes
reflect the net tax effects of temporary differences between the carrying
amounts of assets and liabilities for financial statement purposes and the
amounts used for income tax purposes. Significant components of the Company's
deferred tax liabilities and assets as of December 31, 2007 are as
follows:
   F-8
 Table of Contents
  Deferred
      tax assets:Federal
      net operating loss
                  
                  $
                  1,142State
      net operating loss
                  
                  
                  381Total
      deferred tax assets
                  
                  
                  1,523Less
      valuation allowance
                  
                  
                  (1,523
                  )$
                  --
   The Company has provided a
100% valuation allowance on the deferred tax assets at December 31, 2007 to
reduce such asset to zero, since there is no assurance that the Company will
generate future taxable income to utilize such asset. Management will review
this valuation allowance requirement periodically and make adjustments as
warranted.
  The
reconciliation of the effective income tax rate to the federal statutory rate
for the periods ended December 31, 2007 and December 31, 2006 is as
follows:
   2007
                  
                  2006Federal
      income tax rate
                  
                  
                  (15.0
                  %)
                  
                  (15.0
                  %)State
      tax, net of federal benefit
                  
                  
                  (5.0
                  %)
                  
                  (5.0
                  %)Increase
      in valuation allowance
                  
                  
                  20.0
                  %
                  
                  20.0
                  %Effective
      income tax rate
                  
                  
                  0.0
                  %
                  
                  0.0
                  %
   10.   Required
Cash Flow Disclosure for non-cash items, Interest and Taxes
Paid:
  The
Company has made no cash payments for interest or income taxes. A related party
pays expenses on behalf of the Company which are recorded as non-cash in kind
contributions to equity.
  11.   Contingent
Liabilities:
  Currently
the Company has not identified any contingent liabilities that may be
due.
  12.
Subsequent Events:
  Currently
the Company has not identified any subsequent events that may
occur.
   F-9
 Table of Contents
 ITEM 8. CHANGES IN AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
 Our
accountant is Gately & Associates, LLC, CPAs, independent certified public
accountants. We do not presently intend to change accountants. At no time have
there been any disagreements with such accountants regarding any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure.
 
 ITEM
8A.CONTROLS AND
PROCEDURES
  Evaluation
of disclosure controls and procedures
  Under the
supervision and with the participation of our management, including our
principal executive officer and principal financial officer, we conducted an
evaluation of our disclosure controls and procedures, as such term is defined
under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
Exchange Act of 1934, as amended (Exchange Act), as of December 31, 2007. Based
on this evaluation, our principal executive officer and principal financial
officers have concluded that our disclosure controls and procedures are
effective to ensure that information required to be disclosed by us in the
reports we file or submit under the Exchange Act is recorded, processed,
summarized, and reported within the time periods specified in the Securities and
Exchange Commission’s rules and forms and that our disclosure and controls are
designed to ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act is accumulated and
communicated to our management, including our principal executive and principal
financial officers, or persons performing similar functions, as appropriate to
allow timely decisions regarding required disclosure.
  Changes in internal
controls
  We have
not made any changes to our internal controls subsequent to the end of the 2007
fiscal year. We have not identified any deficiencies or material weaknesses or
other factors that could significantly affect these controls, and therefore, no
corrective action was taken.
  PART
III
  ITEM 9. DIRECTORS, EXECUTIVE OFFICERS,
PROMOTERS AND CONTROL PERSONS: COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE
ACT
 We have
one Director and Officer as follows:
 
 Name
                    Age
                    Positions
      and Offices HeldWon
      Bum Lee
                    46
                    President/Director
 
 Mr. Won Bum Lee, age 46,
attended Busan University in Korea where he graduated from its Medical College
in 1986 and received a graduate degree in medicine in 1988.  In 2003,
Mr. Lee also received his Ph.D. in medicine from Busan
University.  Until he retired in 2006, Mr. Lee managed and ran a
private medical practice treating patients and specializing in surgical
procedures.
 
 There are
no agreements or understandings for the officer or director to resign at the
request of another person and the above-named officer and director is not acting
on behalf of nor will act at the direction of any other person.
 
 Term of
Office
  Our
directors are appointed for a one-year term to hold office until the next annual
general meeting of our shareholders or until removed from office in accordance
with our bylaws. Our officers are appointed by our board of directors and hold
office until removed by the board.
  All
officers and directors listed above will remain in office until the next annual
meeting of our stockholders, and until their successors have been duly elected
and qualified. There are no agreements with respect to the election of
Directors. We have not compensated our Directors for service on our Board of
Directors, any committee thereof, or reimbursed for expenses incurred for
attendance at meetings of our Board of Directors and/or any committee of our
Board of Directors. Officers are appointed annually by our Board of Directors
and each Executive Officer serves at the discretion of our Board of Directors.
We do not have any standing committees. Our Board of Directors may in the future
determine to pay Directors’ fees and reimburse Directors for expenses related to
their activities.
  None of
our Officers and/or Directors have filed any bankruptcy petition, been convicted
of or been the subject of any criminal proceedings or the subject of any order,
judgment or decree involving the violation of any state or federal securities
laws within the past five (5) years.
   5
 Table of Contents
  Audit
Committee
  We do not
have a standing audit committee of the Board of Directors. Management has
determined not to establish an audit committee at present because of our limited
resources and limited operating activities do not warrant the formation of an
audit committee or the expense of doing so. We do not have a financial expert
serving on the Board of Directors or employed as an officer based on
management’s belief that the cost of obtaining the services of a person who
meets the criteria for a financial expert under Item 401(e) of Regulation S-B is
beyond its limited financial resources and the financial skills of such an
expert are simply not required or necessary for us to maintain effective
internal controls and procedures for financial reporting in light of the limited
scope and simplicity of accounting issues raised in its financial statements at
this stage of its development.
  Certain Legal
Proceedings
  No
director, nominee for director, or executive officer of the Company has appeared
as a party in any legal proceeding material to an evaluation of his ability or
integrity during the past five years.
  Compliance With Section
16(A) Of The Exchange Act.
  Section
16(a) of the Exchange Act requires the Company’s officers and directors, and
persons who beneficially own more than 10% of a registered class of the
Company’s equity securities, to file reports of ownership and changes in
ownership with the Securities and Exchange Commission and are required to
furnish copies to the Company. To the best of the Company’s knowledge, any
reports required to be filed were timely filed in fiscal year ended December 31,
2007.
  Code of
Ethics
  The
company has adopted a Code of Ethics applicable to its Chief Executive Officer
and Chief Financial Officer. This Code of Ethics is filed herewith as an
exhibit.
  ITEM 10. EXECUTIVE
COMPENSATION
  Compensation of Executive
Officers
 
 The
following summary compensation table sets forth all compensation awarded to,
earned by, or paid to the named executive officers paid by us during the fiscal
years ended December 31, 2007 and 2006 in all capacities for the accounts of our
executives, including the Chief Executive Officer (CEO) and Chief Financial
Officer (CFO):
  SUMMARY
COMPENSATION TABLE
 
 Name
      and Principal Position
                    Year
                    
                    Salary
                      ($)
                    
                    
                    Bonus
                      ($)
                    
                    
                    Stock
      Awards
                      ($)
                    
                    Option
      Awards
                      ($)
                    
                    
                    Non-Equity Incentive Plan
      Compensation ($)
                    
                    
                    Non-Qualified
      Deferred Compensation Earnings
                      ($)
                    
                    
                    All
      Other Compensation
                      ($)
                    
                    
                    Totals
                      ($)Won
      Bum Lee
                      President,
      Chief
                    2007
                    
                    $
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    $
                    0Executive
      Officer,
                    2006
                    
                    $
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    
                    0
                    
                    
                    $
                    0Chief
      Financial Officer
 
 Employment
Agreements
  We do not
have any employment agreements in place with our sole officer and
director.
  ITEM 11. SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT
  The
following table sets forth each person known by us to be the beneficial owner of
five percent or more of the Company's Common Stock, all directors individually
and all directors and officers of the Company as a group. Except as noted, each
person has sole voting and investment power with respect to the shares
shown.
   6
 Table of Contents
 
 Name
      and Address of
                      Beneficial
      Owner
                    Amount
      of
                      Beneficial
      Ownership
                    Percentage
                      of
      ClassWon
      Bum Lee
                    600,000
                    84.7%All
      Executive Officersand
      Directors as a Group
                    600,000
                    84.7%(1
      Person)
  ITEM 12.CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS.
  We
currently use the offices of management at no cost to us.
  ITEM 13.EXHIBITS
  Exhibit
      Number
                    Exhibit
      Title14
                    Code
      of Ethics31.1
                    Certification
      of Michael Raleigh pursuant to 18 U.S.C. Section 1350 as adopted
      pursuant to Section 302 of the Sarbanes-Oxley Act of
  2002.32.1
                    Certification
      of Michael Raleigh pursuant to 18 U.S.C. Section 1350 as adopted
      pursuant to Section 906 of the Sarbanes-Oxley Act of
  2002.
  ITEM 14. PRINCIPAL ACCOUNTANT FEES AND
SERVICES
  Audit
Fees
  For the
Company’s fiscal year ended December 31, 2007, we were billed approximately
$1,000.00 for professional services rendered for the audit of our financial
statements. We were not billed for the review of financial statements included
in our periodic and other reports filed with the Securities and Exchange
Commission for our year ended December 31, 2007.
  Tax Fees
  For the
Company’s fiscal year ended December 31, 2007, we were not billed for
professional services rendered for tax compliance, tax advice, and tax
planning.
  All Other
Fees
  The
Company did not incur any other fees related to services rendered by our
principal accountant for the fiscal year ended December 31, 2007.
  Pursuant
to the requirements of Section 13 or 15(d) 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.
  7
 Table of Contents
 
    SIGNATURES
  Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, there unto duly authorized.
  Standard Mobile,
Inc.
  By:
                    /s/
      Won Bum LeeChief
      Executive Officer
                      Chief
      Financial Officer
   Dated:
                    March
      25, 2008
  Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been
signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.
  Name
                    Title
                    Date/s/
      Won Bum Lee
                      Won
      Bum Lee
                    Chief
      Executive Officer
                      Chief
      Financial Officer,
                      and
      Director
                    March
      25, 2008
   8