UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 Washington,
D.C. 20549
  
 FORM
10-K
 
  (Mark
One)
 [ X ] Annual Report Under
Section 13 Or 15(d) Of The Securities Exchange Act Of 1934
 For the
fiscal year ended August
31, 2008
 
 [    ] Transition Report Under
Section 13 Or 15(d) Of The Securities Exchange Act Of 1934
 For the
transition period from _____to _____
 
 COMMISSION FILE NUMBER 000-52445
 
 Vault Technology,
Inc.
 (Name
of registrant in its charter)
 
 NEVADA
              33-1133537(State
      or other jurisdiction of incorporation or organization)
              (I.R.S.
      Employer Identification No.)4901 NW 17th Way, Suite
405,Ft. Lauderdale,
      Florida
              33309(Address
      of principal executive offices)
              (Zip
      Code)
  954-492-9200
 Issuer's
telephone number
 
 Securities
registered under Section 12(b) of the Exchange Act: NONE.
 
 Securities
registered under Section 12(g) of the Exchange Act: Common
Stock, $0.001 Par Value Per Share.
 
 Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days. Yes [ X ] No [ 
 ]
 
 Check if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-K contained in this form, and no disclosure will be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [X]
 
 Indicate
by check mark whether the registrant is a large accelerated file, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the
definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.
  Large
      accelerated filer     o
              Accelerated
      filer                       
      oNon-accelerated
      filer       o(Do
      not check if a smaller reporting company)
              Smaller
      reporting company     x
  Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes [   ] No [ X ]
 State
issuer’s revenues for its most recent fiscal year: NIL.
  State the
aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the price at which the common equity was
sold, or the average bid and asked price of such common equity, as of a
specified date within the past 60 days. $640,609,based
on a price of $0.035per
share post-split, being the last price at which shares of common stock were
traded on the OTC Bulletin Board onDecember10,
2008.
  State the number of shares
outstanding of each of the issuer’s classes of common equity, as of the latest
practicable date. As
ofDecember10, 2008, the Issuer
had 57,304,689 shares of common stock issued and
outstanding.
 Transitional
Small Business Disclosure Format (check one): Yes [   ] No [ X ]
  1
  TABLE OF CONTENTS
 
 PAGEPART
      IITEM 1.
              DESCRIPTION
      OF BUSINESS
              3ITEM 1A.
              RISK
      FACTORS
              5ITEM 1B.
              UNRESOLVED
      STAFF COMMENTS
              6ITEM 2.
              DESCRIPTION
      OF PROPERTY
              6ITEM 3.
              LEGAL
      PROCEEDINGS
              7ITEM 4.
              SUBMISSION
      OF MATTERS TO A VOTE OF SECURITY HOLDERS
              7PART
      IIITEM 5.
              MARKET
      FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER
      PURCHASES OF EQUITY SECURITIES
              7ITEM 6.
              SELECTED
      FINANCIAL DATA
              9ITEM 7
              MANAGEMENT'S
      DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
              9ITEM 7A.
              QUANTITATIVE
      AND QUALITATIVE DISCLOSURES OF MARKET RISK
              13ITEM 8.
              FINANCIAL
      STATEMENTS AND SUPPLEMENTARY DATA
              13ITEM 9
              CHANGES
      IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
      DISCLOSURE
              25ITEM 9A.
              CONTROLS
      AND PROCEDURES
              25ITEM 9A (T).
              CONTROLS
      AND PROCEDURES
              25ITEM 9B.
              OTHER
      INFORMATION
              26PART
      IIIITEM10
              DIRECTORS,
      EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS AND CORPORATE GOVERNANCE;
      COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT
              26ITEM 11
              EXECUTIVE
      COMPENSATION
              27ITEM 12
              SECURITY
      OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
      STOCKHOLDER MATTERS
              28ITEM 13
              CERTAIN
      RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
      INDEPENDENCE
              28ITEM 14.
              PRINCIPAL
      ACCOUNTANT FEES AND SERVICES
              29ITEM
      15
              EXHIBITS
              30SIGNATURES
              31
 
 2
  PART
I
  Certain
statements contained in this Annual Report on Form 10-K constitute
“forward-looking statements”. These statements, identified by words such as
“plan,” “anticipate,” “believe,” “estimate,” “should,” “expect” and similar
expressions include our expectations and objectives regarding our future
financial position, operating results and business strategy. These statements
reflect the current views of management with respect to future events and are
subject to risks, uncertainties and other factors that may cause our actual
results, performance or achievements, or industry results, to be materially
different from those described in the forward-looking statements. Such risks and
uncertainties include those set forth under the caption “Management’s Discussion
and Analysis or Plan of Operation” and elsewhere in this Form 10-K. We do not
intend to update the forward-looking information to reflect actual results or
changes in the factors affecting such forward-looking information. We advise you
to carefully review the reports and documents we file from time to time with the
Securities and Exchange Commission (the “SEC”), particularly our Quarterly
Reports on Form 10-Q and Form 10-QSB and our Current Reports on Form
8-K.
 
 As used
in this Annual Report, the terms “we,” “us,” “our,” the “Company,” and “Vault”
mean Vault Technology, Inc. and its subsidiaries, unless otherwise indicated.
All dollar amounts in this Annual Report are expressed in U.S. dollars unless
otherwise indicated.
 
 ITEM
      1.
              DESCRIPTION
      OF BUSINESS
 
 OVERVIEW
 
 We were
incorporated on April 5, 2002 under the laws of the State of Nevada as “Aztek
Ventures Inc.” Effective November 13, 2007, we filed a Certificate of Amendment
to our Articles of Incorporation to change our name from “Aztek Ventures Inc.”
to “Genesis Uranium Corp.” Effective April 21, 2008, we amended our Articles of
Incorporation to change our name from “Genesis Uranium Corp.” to “Vault
Technology, Inc.” to reflect the change in our business focus beyond solely that
of uranium exploration.  As a result, our OTC Bulletin Board symbol
became “VULT” as of May 2, 2008.
 
 We were
formerly a resource exploration and development company focusing on our uranium
project in the Wollaston domain of North Eastern Saskatchewan,
Canada.  Subsequent to the period covered by this report, on October
8, 2008, we disposed of our interest in the Wollaston property in the
description given below.
  As far as
our mineral exploration activities, we owned an undivided interest in one
mineral property located in the Province of British Columbia, Canada, that we
call the “Ideal Property.” The Ideal Property consists of an area of
approximately 169 hectares (approximately 417 acres) located in on Vancouver
Island, approximately 13 miles west of the City of Port Alberni. Title to our
mineral properties is currently held by our wholly owned subsidiary, Tekaz
Mining Corp. (“Tekaz”).  We recently agreed to settle a corporate debt
owed in exchange for our interest in a mineral property located in the Province
of Saskatchewan, Canada,  that we called the “Wollaston Lake Property”
which consists of two prospecting permits covering 80,587 hectares
(approximately 199,134 acres) located in northeastern Saskatchewan.
 On
October 9, 2008, we executed a Release and Settlement Agreement (“Agreement”)
with Tekaz Mining Corp., a British Columbia corporation, 101117559 Saskatchewan
Ltd., a Saskatchewan corporation (collectively the “Vault Entities”) and Caelum
Finance Ltd., a British Columbia corporation and Curt White, an individual,
(collectively the “Caelum Parties”), formerly one of our officers, one of our
directors and formerly a shareholder.  The Agreement serves to
terminate all existing relationships and settle all outstanding debts between
the Vault Entities and the Caelum Parties.  These included the loan
agreement (“Loan Agreement”) dated June 25, 2007 and an amendment (“Amendment”)
which provided that the principal be secured by collateral in the form of the
Wollaston East Claims MPP 1253 and MPP 1255.
 
 In
exchange for entering into this Agreement, the Vault Entities agreed to transfer
all rights, title and interest to the Wollaston East Claims MPP 1253 and MPP
1255 to Caelum Finance Ltd., as full and complete consideration of all of the
obligations under the Agreement and as payment in full.  In return,
and on behalf of the Caelum Parties, Caelum Finance Ltd. agreed to waive its
claims under any loan or note made by us and the Vault Entities, and
specifically agreed that the Property shall be payment in full for the Loan
Agreement as amended, the amount of CDN$220,000.  Upon executing the
Agreement, Curt White agreed to deliver his entire share ownership of our common
stock, which consisted of 2,250,000 shares, or approximately 3.9% of our issued
and outstanding common stock.  Curt White also waived any claims under
any loan or note made by us and the Vault Entities.
  On
October 8, 2008 we announced that we signed a non-binding letter of intent to
acquire Digital Media Invention, LLC. Digital Media Invention (DMI) is an
intellectual property and patent portfolio management and licensing firm
focusing on a methodology for searching, negotiating, acquiring, enforcing, and
licensing intellectual property and patent rights.  Over the past
couple of years, DMI has accumulated a number of patents and intellectual
property rights for products and services related to consumer goods,
electronics, and digital media distribution. DMI has developed a methodology for
searching, negotiating, acquiring, enforcing, and licensing intellectual
property and patent rights. The company has experience in evaluating whether
products and/or processes infringe on the intellectual property rights owned by
clients and effectively researching market viability and commercialization
opportunities.
 On
November 21, 2008, we announced that we executed a Non-Binding Letter of Intent
to acquire 100% of the shares of Presentation Concepts Corporation (PCC).
Founded in 1997, PCC is a multimedia services company specializing in
audiovisual systems integration and IT services.   Based in
Syracuse, New York, PCC has offices throughout New York State providing
audiovisual systems design, integration, sales, rental and services. Their
products include large format displays, projection equipment, interactive
whiteboards, control systems, digital signage systems, and video conferencing
systems. PCC also specializes in e-mail, networking and web services to small
and medium sized businesses providing enterprise level products and services,
including Content Management Systems, MS Exchange, Mobile Messaging, and Web
Portals.  PCC’s clients include Cornell University, Syracuse
University, the State of New York, Blue Cross/Blue Shield and Lockheed Martin,
among others.
 3
 
 Business.We are a full
service audio visual integration firm that serves the education, government and
commercial marketplace.  We provide multimedia consulting, complete
classroom, boardroom, and conference room design and installation of audiovisual
products and sound system design and installation.  In addition to its
complex product offering, Vault provides training, service and on-going customer
support. As part of our new business focus, we have also begun exploring other
opportunities in the products and services arena related to audiovisual systems
integration, home theater systems and digital media. We have also deployed
additional resources into the acquisition of operating entities that deliver
products and services related to audiovisual systems integration, home theater
systems and digital media.  We have not earned any revenues to
date.
  Our Industry. We believe the
audiovisual system integration and technology solutions market segments are
large and will continue to grow.  According to a 2007 study conducted
by InfoComm International Association (ICIA), the size of the North American
audiovisual market is estimated at $25 billion. Revenues for audiovisual
companies serving the North American market are expected to grow by 11% from
2008 to 2009, which was the fourth consecutive year that significant growth was
projected for the audiovisual industry. We believe the growth of the industry is
being largely driven by the audiovisual technology's ability to provide the
business tools needed for day-to-day activities, enhanced communication between
internal and external audiences, increased efficiency, creation of a more
effective learning environment, saved time and money through increased
efficiencies, and higher costs for business travel.
  Competition.The
audiovisual marketplace is a highly competitive space.  Vault faces
competition from a variety of equipment providers and audiovisual
integrators.  There are a large number of big box retailers that offer
similar products to Vault’s product offering.  They include Best Buy
and Circuit City, as well as Internet-based resellers of audiovisual
products.  Vault is also competing with companies in the audiovisual
integration space that are much larger, have a greater operating region, greater
resources and more experience in the marketplace.
  There are
many audiovisual integrators that have contracts in place with federal, state,
and local governments that make it more difficult for Vault to enter the
government market.  In addition to contracts, Vault faces stiff price
competition with audiovisual integrators that have greater buying power with
vendors due to large purchasing volumes.  If Vault cannot negotiate
competitive pricing with vendors or offer additional value-added services to its
customers, it will be difficult for the Company to compete in various
markets.
  The
audiovisual industry is a high growth market utilizing technology that changes
rapidly.  If Vault does not keep up with technology changes through
on-going training and education, it will not be successful.  To be
competitive, Vault must also be willing to move into new areas that the
audiovisual industry is heading, for example the convergence of audiovisual
technology with IP based products and integration with the
Internet.  Additional technologies and applications that will shape
the audiovisual industry are inexpensive, full featured control systems, HD
video and HD conferencing, and audiovisual security and surveillance
systems.  The Company must maintain a high level of knowledge in order
to provide customers with these products and services to be
successful.
  Government Regulation. We are
subject to federal, state and local laws and regulations generally applied to
businesses, such as payroll taxes on the state and federal levels. We believe
that we are in conformity with all applicable laws in all relevant
jurisdictions. We do not believe that we have not been affected by any of the
rules and regulations specified in this section.
  Our
former mineral property development and exploration business required us to
comply with all regulations, rules and directives of government authorities and
agencies applicable to the exploration of minerals.  We believe we are
no longer subject to these regulations as we have exited the mineral property
development and exploration business.
  Employees.We have no
employees other than our executive officers and directors. We conduct our
business largely through consultants. We conduct our business through agreements
with consultants and arms-length third parties. In addition, we have a verbal
arrangement with the consulting geologists currently conducting the exploratory
work on our mineral properties. Currently our only employee is Nick Arroyo, who
was hired in August 2008 and his salary for this period was paid by a related
party and is included as a liability in the enclosed financial
statements.
 
 Research and
Development.We are not currently conducting any research and
development activities. We do not anticipate conducting such activities in the
near future.
  4
  Intellectual
Property.   We do not presently own any copyrights,
patents, trademarks, licenses, concessions or royalties. We intend to protect
various words, names, symbols, and devices that are used with goods produced by
us through the use of trademarks, and our services through the use of service
marks, although we have not filed any applications to date.
 
 We own
the Internet domain name www.vaulttechnology.com. Under current domain name
registration practices, no one else can obtain an identical domain name, but
someone might obtain a similar name, or the identical name with a different
suffix, such as “.org”, or with a country designation. The regulation of domain
names in the United States and in foreign countries is subject to change, and we
could be unable to prevent third parties from acquiring domain names that
infringe or otherwise decrease the value of our domain names.
 
 ITEM
      1A.
              RISK
      FACTORS
 
 If
we do not obtain additional financing, our business will fail.
  Executing
our business plan requires a significant amount of cash, far in excess of our
current financial resources. In addition, as of August 31, 2008, we had a
working capital deficit of $535,882. We have not earned any income since our
inception and do not anticipate earning income until the third quarter of 2009.
As we do not currently have sufficient working capital to fund the anticipated
costs of our acquisitions and meet our current obligations, we will need to
obtain additional financing in order to complete our plan of operation. We have
not approved any financing arrangement(s) and we may not be able to obtain
financing when required.  Not obtaining additional financing in a
timely manner will cause our business to fail.
  Our
entry into new lines of business as well as potential future acquisitions,
entail numerous risk and uncertainties that could have an adverse effect on our
business.
  We may
enter into new or different lines of business, acquisitions, as determined and
approved by management and the board of directors. Our acquisitions as well as
any future acquisitions or joint ventures, could result in numerous risks and
uncertainties including:
 ·
              Potentially
      dilutive issuances of equity securities, which may be issued at the time
      of the transaction or in the future if certain performance or other
      criteria are met or not met, as the case may be.  These
      securities may be freely tradable in the public market or subject to
      registration rights which could require us to publicly register a large
      amount of our common stock, which could have a material adverse effect on
      our stock price;
 ·
              Diversion
      of management’s attention and resources from our current
      business;
 ·
              Significant
      write-offs if we determine that the business acquisition does not fit or
      perform up to expectations;
 ·
              The
      incurrence of debt and contingent liabilities or impairment charges
      related to goodwill and other long-lived
assets;
 ·
              Difficulties
      in the assimilation of operations, personnel, technologies, products and
      information systems of the acquired companies;
  and
 ·
              Material
      decreases in short-term liquidity.
  We
have yet to earn revenue and, because our ability to sustain our operations is
dependent on our ability to raise financing, our accountants believe there is
substantial doubt about our ability to continue as a going concern.
 
 We have
incurred net losses of $612,195for the period from our inception on April
5, 2002 to August 31, 2008, and have no revenues to date. Our future is
dependent upon our ability to obtain financing and upon future profitable
operations from the companies acquired. These factors raise substantial doubt
that we will be able to continue as a going concern. Malone & Bailey, PC,
Certified Public Accountants, our independent auditors, have expressed
substantial doubt about our ability to continue as a going concern given our
accumulated losses. This opinion could materially limit our ability to raise
additional funds by issuing new debt or equity securities or otherwise. If we
fail to raise sufficient capital, we will not be able to execute our business
plan. As a result, we may have to liquidate our business and investors may lose
their investment. Investors should consider our auditor's comments when
determining if an investment in Vault is suitable.
 
 We
may not be able to compete effectively with other providers that have more
resources and experience than we have.
 
 Our
industry is significantly competitive. We have competitors that provide some or
all of the services we provide and who are larger and have more resources than
we do. Many of our competitors have significantly greater financial, human and
marketing resources than we have. As a result, such competitors may be able to
respond more quickly to new trends and changes in customer demands. Such
competitors may also be able to devote greater resources to the development,
promotion, sale, and support of their services than we do. If we do not compete
effectively with current and future competitors, we may be unable to secure new
and renewed client contracts, or we may be required to reduce our rates in order
to complete effectively. This could result in a reduction in our revenues,
resulting in lower earnings or operating losses.
  5
  Because
one of our executive officers and one of our directors, Randy White, owns 68.06%
of our outstanding common stock, investors may find that corporate decisions
controlled by Mr. White may be inconsistent with the interests of other
stockholders.
 
 Randy
White, one of our executive officers and one of our directors, controls 68.06%
of our issued and outstanding shares of common stock. Accordingly, in accordance
with our Articles of Incorporation and Bylaws, Mr. White is able to control who
is elected to our Board of Directors and thus could act, or could have the power
to act, as our management. Since Mr. White is not simply a passive investor but
is also one of our active executives, his interests as an executive may, at
times, be adverse to those of passive investors. Where those conflicts exist,
our shareholders will be dependent upon Mr. White exercising, in a manner fair
to all of our shareholders, his fiduciary duties as an officer or as a member of
our Board of Directors. Also, due to his stock ownership position, Mr. White
will have: (i) the ability to control the outcome of most corporate actions
requiring stockholder approval, including amendments to our articles of
incorporation; (ii) the ability to control corporate combinations or similar
transactions that might benefit minority stockholders which may be rejected by
Mr. White to their detriment, and (iii) control over transactions between him
and Vault.
 
 Our
officers and directors are engaged in other activities that could conflict with
our interests. Therefore, our officers and directors may not devote sufficient
time to our affairs, which may affect our ability to conduct marketing
activities and generate revenues.
 
 The
individuals serving as our officers and directors have existing responsibilities
and may have additional responsibilities to provide management and services to
other entities. As a result, conflicts of interest between us and the other
activities of those entities may occur from time to time, in that our officers
and directors shall have conflicts of interest in allocating time, services, and
functions between the other business ventures in which they may be or become
involved and our affairs.
 
 We
may conduct further offerings in the future in which case investors’
shareholdings will be diluted.
 
 Since our
inception, we have relied on such equity sales of our common stock to fund our
operations. We may conduct further equity offerings in the future to finance our
current projects or to finance subsequent projects that we decide to undertake.
If common stock is issued in return for additional funds, the price per share
could be lower than that paid by our current stockholders. We anticipate
continuing to rely on equity sales of our common stock in order to fund our
business operations. If we issue additional stock, investors’ percentage
interest in us will be diluted. The result of this could reduce the value of
their stock.
  The
costs to meet our reporting requirements as a public company subject to the
Exchange Act of 1934 will be substantial and may result in us having
insufficient funds to operate our business.
  We will
incur ongoing expenses associated with professional fees for accounting and
legal expenses associated with being a public company. We estimate that these
costs will range up to $50,000.00
per year for the next few years. Those fees will be higher if our business
volume and activity increases.  Those obligations will reduce and
possibly eliminate our ability and resources to fund our operations and may
prevent us from meeting our normal business obligations.
  We
lack a public market for shares of our common stock, which may make it difficult
for investors to sell their shares.
  There is
a very limited public market for shares of our common stock. We cannot guarantee
that an active public market will develop or be sustained. Therefore, investors
may not be able to find purchasers for their shares of our common stock. Should
there develop a significant market for our shares, the market price for those
shares may be significantly affected by such factors as our financial results
and introduction of new products and services.
 Because
our stock is a penny stock, stockholders will be more limited in their ability
to sell their stock.
 
 The
shares of our common stock constitute a penny stock under the Exchange Act. The
shares will remain classified as a penny stock for the foreseeable future. The
classification as a penny stock makes it more difficult for a broker-dealer to
sell the stock into a secondary market, which makes it more difficult for a
purchaser to liquidate his or her investment. Any broker-dealer engaged by the
purchaser for the purpose of selling his or her shares will be subject to rules
15g-1 through 15g-10 of the Exchange Act. Rather than having to comply with
these rules, some broker-dealers will refuse to attempt to sell a penny
stock.
 
 ITEM 1B.
              UNRESOLVED
      STAFF COMMENTS
 
 None.
 
 ITEM
      2.
              DESCRIPTION
      OF PROPERTY
  We
currently do not own any physical property. As of August 31, 2008, we held a
100% undivided interest in the Wollaston Lake Property. Subsequent to the period
covered by this report, we disposed of our interest in the Wollaston Lake
Property in order to settle a corporate debt owed.
 6
 We
currently rent our office space located at 4901 NW 17th Way, Suite 405, Ft.
Lauderdale, FL 33309 at of cost of $1,200 per month including electricity,
internet access and unlimited domestic and international calling. This office
space consists of approximately 182 square feet, and was subject to a four-month
lease, ending on November 30, 2008.  We now rent the office space on a
month to month basis.  On December 1, 2008, we entered into a lease
agreement with a third party for a term of three years with monthly lease
payment of $2,941.
  Disposition
of the Wollaston Lake Property.On October 9, 2008, we agreed to dispose
of our rights and interests in the Wollaston Lake Property to settle a corporate
debt.  This was pursuant to a settlement agreement described
herein.  Pursuant to this agreement, we, along with related entities,
and Caelum Finance Ltd., (“Caelum”) and Curt White, formerly one of our
officers, one of our directors and formerly a shareholder, agreed to terminate
all existing relationships and settle all outstanding debts between us and
Caelum, which were secured by collateral in the form of the Wollaston Lake
Property.
  The
Ideal Property.We owned a 100% undivided interest in this property; this
interest has expired and as previously reported, exploration on this property
was suspended. The Ideal Property was comprised of an eight-cell claim block
covering an area of approximately 169 hectares, located on Vancouver Island in
the Province of British Columbia, Canada, approximately 13 miles west of the
City of Port Alberni.  Our management had previously deprioritized our
exploration program for the Ideal Property based on cash flow requirements and
on the progress and potential of the Wollaston Lake Property, which was
subsequently disposed of as expressed herein.
 ITEM
      3.
              LEGAL
      PROCEEDINGS
 
 None.
 
 ITEM
      4.
              SUBMISSION
      OF MATTERS TO A VOTE OF SECURITY
HOLDERS.
 
 None.
 PART
II
 
 ITEM
      5.
              MARKET FOR COMMON EQUITY AND
      RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
      SECURITIES.
  Reports
to Security Holders
  We are a
reporting company with the Securities and Exchange Commission, or
SEC.  The public may read and copy any materials filed with the
Securities and Exchange Commission at the Security and Exchange Commission’s
Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. The public
may also obtain information on the operation of the Public Reference Room by
calling the Securities and Exchange Commission at 1-800-SEC-0330.  The
Securities and Exchange Commission maintains an Internet site that contains
reports, proxy and information statements, and other information regarding
issuers that file electronically with the Securities and Exchange Commission.
The address of that site is http://www.sec.gov.
  Market
Information
 
 Our
shares of common stock originally commenced quotation on the OTC Bulletin Board
under the symbol “AZTV” on May 1, 2007. Prior to May 1, 2007, no public trading
market existed for our common stock. Our symbol was changed to “AZVN” on July 9,
2007 upon completion of our 2.5 -for-1 stock split. Subsequently, our symbol was
changed to “GEUR” on November 16, 2007 after our name change from “Aztek
Ventures Inc.” to “Genesis Uranium Corp.” Effective April 21, 2008, we changed
our name from Genesis Uranium Corp. to “Vault Technology, Inc.” to make our name
more generic to reflect the possibility of future business opportunities other
than uranium exploration. As a result, our OTC Bulletin Board symbol was changed
to “VULT” as of May 2, 2008.
 
 The
following table indicates the high and low bid prices of the common shares
obtained during the periods indicated:
  QUARTER
              HIGH
      ($)
              LOW
      ($)May
      31, 2007
              $0.00
              $0.00August
      31, 2007
              $0.00
              $0.00November
      30, 2007
              $0.20
              $0.10February
      29, 2008
              $0.20
              $0.02May
      31, 2008
              $2.00
              $0.02August
      31, 2008
              $2.00
              $1.05November
      30, 2008
              $1.50
              $0.03
  7
 
 The above
quotations have been adjusted to reflect our 2.5 -for-1 stock split effective
July 6, 2007. The range of high and low price quotes of our common stock as set
out in the table above is as quoted on the OTC Bulletin Board. The market
quotations provided reflect inter-dealer prices, without retail mark-up,
mark-down or commission and may not represent actual transactions.
 
 On
February 11, 2008 the authorized capital of common stock was increased to
750,000,000 shares and the issued and outstanding shares were split on the basis
of three for every one share previously held. All share and per share amounts
have been restated to present the split as if it had occurred on the first day
of the first period presented.
 
 Penny
Stock Rules
 
 The SEC
has adopted rules that regulate broker-dealer practices in connection with
transactions in penny stocks. Penny stocks are generally equity securities with
a price of less than $5.00, other than securities registered on certain national
securities exchanges or quoted on the Nasdaq system, provided that current price
and volume information with respect to transactions in such securities is
provided by the exchange or system. The penny stock rules require a
broker-dealer, prior to a transaction in a penny stock not otherwise exempt from
those rules, to deliver a standardized risk disclosure document prepared by the
SEC, which:
 
 (a)
              contains
      a description of the nature and level of risk in the market for penny
      stocks in both public offerings and secondary trading;(b)
              contains
      a description of the broker's or dealer's duties to the customer and of
      the rights and remedies available to the customer with respect to a
      violation of such duties or other requirements of securities
      laws;(c)
              contains
      a brief, clear, narrative description of a dealer market, including bid
      and ask prices for penny stocks and the significance of the spread between
      the bid and ask price;(d)
              contains
      a toll-free telephone number for inquiries on disciplinary
      actions;(e)
              defines
      significant terms in the disclosure document or in the conduct of trading
      in penny stocks; and(f)
              contains
      such other information and in such form as the SEC shall require by rule
      or regulation.
 
 The
broker-dealer also must, prior to effecting any transaction in a penny stock,
provide the customer with:
 
 (a)
              bid
      and offer quotations for the penny stock;(b)
              the
      compensation of the broker-dealer and its salesperson in the
      transaction;(c)
              the
      number of shares to which such bid and ask prices apply, or other
      comparable information relating to the depth and liquidity of the market
      for such stock; and(d)
              monthly
      account statements showing the market value of each penny stock held in
      the customer's account.
 
 In
addition, the penny stock rules require that, prior to a transaction in a penny
stock that is not otherwise exempt from those rules, the broker-dealer must make
a special written determination that the penny stock is a suitable investment for the purchaser and receive
from the purchaser his or her written acknowledgement of receipt of the
determination and a written agreement to the transaction. These disclosure
requirements may have the effect of reducing the trading activity in the
secondary market for our common stock and therefore stockholders may have
difficulty selling those securities.
 
 Registered
Holders of Our Common Stock
 
 As of
December 10, 2008, there were 18 registered holders of record of our common
stock.
 
 Dividends
 
 We have
neither declared nor paid any cash dividends on our capital stock and do not
anticipate paying cash dividends in the foreseeable future. Our current policy
is to retain any earnings, if any, in order to finance the expansion of our
operations. Our board of directors will determine future declaration and
payments of dividends, if any, in light of the then-current conditions they deem
relevant and in accordance with applicable corporate law.
 
 There are
no restrictions in our Articles of Incorporation or in our Bylaws which prevent
us from declaring dividends. The Nevada Revised Statutes, however, do prohibit
us from declaring dividends where, after giving effect to the distribution of a
dividend:
 
 (a)
              We
      would not be able to pay our debts as they become due in the usual course
      of business; or(b)
              Our
      total assets would be less than the sum of our total liabilities plus the
      amount that would be needed to satisfy the preferential rights of
      shareholders who have preferential rights superior to those receiving the
      distributions.
 
 8
  Recent
Sales of Unregistered Securities
 
 None.
 
 Securities
Authorized for Issuance under Equity Compensation Plans
 
 Equity
      Compensation Plan InformationPlan
      category
              
              Number
      of securities to be issued
                upon
      exercise of outstanding
                options,
      warrants and rights
                (a)
              
              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 plans approved by security holders
              
              None.
              
              None.
              
              None.Equity
      compensation plans not approved by security holders
              
              None.
              
              None.
              
              None.Total
              
              None.
              
              None.
              
              None.
 
 Purchases
of Equity Securities
 
 None
during the period covered by this report.
 
 ITEM 6.
              SELECTED
      FINANCIAL DATA
 
 Not
applicable.
 
 ITEM
    7.
              MANAGEMENT'S
      DISCUSSION AND ANALYSIS OR PLAN OF
OPERATION
 
 PLAN
OF OPERATION
 
 We are a
full service audio visual integration firm that serves the education, government
and commercial marketplace.  We provide multimedia consulting,
complete classroom, boardroom, and conference room design and installation of
audiovisual products and sound system design and installation.  In
addition to its complex product offering, Vault provides training, service and
on-going customer support. As part of our new business focus, we have also begun
exploring other opportunities in the products and services arena related to
audiovisual systems integration, home theater systems and digital media. We have
also deployed additional resources into the acquisition of operating entities
that deliver products and services related to audiovisual systems integration,
home theater systems and digital media.  We have not earned any
revenues to date.
 
 During
the next twelve months, we intend to develop our new business
direction.  We recently disposed our interest in the Wollaston Lake
Property to settle an outstanding corporate debt.
 
 In
addition to the above business development and acquisition expenses, we expect
to spend approximately $250,000 over the next twelve months on general office
and administrative expenses and on legal and accounting fees associated with
operating our business and in meeting our ongoing reporting obligations under
the Securities Exchange Act of 1934.
  As at
August 31, 2008, we had no cash on hand. As such, we currently do not have
sufficient financial resources to meet the anticipated costs of pursuing our new
business focus, or the anticipated administrative costs of operating our
business for the next twelve months.
 9
 
 RESULTS
OF OPERATIONS
 Summary
 PercentageYear
      Ended August 31
              
              
              Increase
      /2008
              
              
              2007
              
              
              (Decrease)Revenue
              
              $
              --
              
              
              $
              --
              
              
              
              n/aExpenses
              
              $
              (284,267
              )
              
              $
              (249,498
              )
              
              
              13.9
              %Net Income
      (Loss)
              
              $
              (284,267
              )
              
              $
              (249,498
              )
              
              
              13.9
              %
  Revenue
 
 We have
not earned any revenues to date.
 
 Operating
Expenses
 
 Our
operating expenses for the years ended August 31, 2008 and August 31, 2007
consisted of the following:
 
 PercentageYear
      Ended August 31
              
              
              Increase
      /2008
              
              
              2007
              
              
              (Decrease)Exploration
      and Development
              
              $
              -
              
              
              $
              858
              
              
              
              (100.0
              )%Foreign
      Exchange (Gain)
      Loss
              
              
              (12,964
              )
              
              
              3,569
              
              
              
              (463.2
              )%Geological
      Consulting
              
              
              186,105
              
              
              
              -
              
              
              
              100.0
              %Mineral
      Property Acquisition Costs
              
              
              -
              
              
              
              186,640
              
              
              
              (100.0
              )%Office
              
              
              4,920
              
              
              
              8,150
              
              
              
              (39.6
              )%Professional
      Fees
              
              
              54,576
              
              
              
              43,958
              
              
              
              24.2
              %Interest
      and Bank Charges
              
              
              31,065
              
              
              
              3,473
              
              
              
              794.5
              %Management
      Fees
              
              
              16,500
              
              
              
              -
              
              
              
              100.0
              %Rent
              
              
              4,065
              
              
              
              2,850
              
              
              
              42.6
              %Total
      Operating Expenses
              
              $
              284,267
              
              
              $
              249,498
              
              
              
              13.9
              %
  We had no
mineral property acquisition costs during the year ended August 31, 2008;
thoseof the prior year related to our acquisition of the Wollaston Lake
Property. During the year ended August 31, 2008, our exploration and development
expenses decreased due to the fact that we did not conduct exploration on the
Ideal Property.
  Professional
fees during the year ended August 31, 2008 relate primarily to accounting and
legal expenses incurred in connection with filing a Registration Statement on
Form SB-2 with the SEC, meeting our reporting obligations under the Securities
Exchange Act of 1934 (the “Exchange Act”) and negotiation related to disposing
of the Wollaston Lake Property to settle outstanding debt.
  We
anticipate our accounting and legal expenses will also increase as a result of
our ongoing reporting requirements under the Exchange Act and the increased
merger and acquisitions activity.
 LIQUIDITY
AND FINANCIAL CONDITION
 Working
Capital
 PercentageAt
      August 31,
                2008
              
              
              At
      August 31, 2007
              
              
              Increase
      / (Decrease)Current
      Assets
              
              $
              4,359
              
              
              $
              47,789
              
              
              
              (90.9
              )%Current
      Liabilities
              
              
              (540,241
              )
              
              
              (299,404
              )
              
              
              (80.4
              )%Working
      Capital (Deficit)
              
              $
              (535,882
              )
              
              $
              (251,615
              )
              
              
              (112.9
              )%
 Cash
Flows
 Year
      Ended August 312008
              
              
              2007Cash
      Flows Used in Operating Activities
              
              $
              (252,908
              )
              
              $
              (274,034
              )Cash
      Flows From Financing Activities
              
              
              247,151
              
              
              
              256,744Net
      Increase (Decrease) In Cash During Period
              
              $
              (5,757
              )
              
              $
              (17,290
              )
 
 10
  The
increase in our working capital deficit at August 31, 2008 compared to the
previous year ended August 31, 2007 is primarily attributable to: (i) the
additional expenses associated with being a reporting company; (ii) negotiations
to settle our outstanding debt in exchange for our interests in the Wollaston
Lake Property; and (iii) from the fact that we had no sources of revenue during
either year.
  During
the year ended August 31, 2007, we received $259,985 CDN ($246,151) in loans
from third parties. On June 25, 2007, we entered into a loan agreement with
Caelum Finance Ltd., whereby we received a loan of $220,000 CDN ($208,294). The
loan was due on or before December 25, 2007 and incurred interest at a rate of
8% per annum, payable on maturity. The funds obtained from this loan were used
to fund our acquisition of the Wollaston Lake Property. In August 2007, we also
received a loan of $39,985 CDN ($37,857) from Caelum Finance Ltd. The loan bears
an interest rate of 8% per annum.
  During
last quarter of the fiscal year ended August 31, 2008, we borrowed additional
funds from Caelum Finance Ltd. These loans are unsecured, not subject to
interest and payable upon demand. Also, during the last quarter of the fiscal
year ended August 31, 2008, we borrowed funds from a company related to our
current President. As of August 31, 2008, we additionally borrowed a total of
$89,143 from shareholders. These loans are unsecured, not subject to interest
and payable upon demand.
 Future
Financings
 
 As of
August 31, 2008, we had no cash on hand.  Since our inception, we have
used our common stock and loans to raise money for our operations and for our
property acquisitions. We have not generated any revenues to date and are
dependent upon obtaining financing to pursue our plan of operation. For these
reasons, our auditors stated in their report to our audited financial statements
for the period ended August 31, 2008, that there is substantial doubt that we
will be able to continue as a going concern.
 
 We
anticipate spending approximately $250,000over the next twelve months in pursuing our plan of operation. We
have a working capital deficit of $535,882 and we have not earned any revenues
to date and do not anticipate earning revenues until we have completed
commercial development of our anticipated products. Accordingly, we will require
substantial additional financing in order to fund our plan of
operation.
 
 We
anticipate that any additional financing will likely be in the form of equity
financing as substantial debt financing will not be as available at this stage
of our business.
 
 OFF-BALANCE
SHEET ARRANGEMENTS
 
 We have
no significant off-balance sheet arrangements that have or are reasonably likely
to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that are material to our
stockholders.
 
 CRITICAL
ACCOUNTING POLICIES
 
 The
preparation of financial statements in conformity with generally accepted
accounting principles requires our management to make estimates and assumptions
that affect the reported amount 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. Our management routinely makes
judgments and estimates about the effects of matters that are inherently
uncertain.
  We have
identified certain accounting policies, described below, that are most important
to the portrayal of our current financial condition and results of operations.
Our significant accounting policies are disclosed in Note 2 to the audited
financial statements included in this Annual Report.
  Consolidation
  These
consolidated financial statements include the accounts of Vault and its wholly
owned subsidiary, Tekaz Mining Corp. which was incorporated in British Columbia,
Canada on September 19, 2002, and 101117559 Saskatchewan Ltd., which was
incorporated in Saskatchewan, Canada on April 7, 2008.
    Acquisition, Exploration
and Evaluation Expenditures
  
 Vault is
a development stage company and has not yet realized any revenue from its
operations. It was primarily engaged in the acquisition, exploration and
development of mining properties. Mineral property acquisition and exploration
costs are expensed as incurred. When it has been determined that a mineral
property can be economically developed as a result of establishing proven and
probable reserves, the costs incurred to develop such property, are capitalized.
For the purpose of preparing financial information, all costs associated with a
property that has the potential to add to Vault’s proven and probable reserves
are expensed until a final feasibility study demonstrating the existence of
proven and probable reserves is completed. No costs have been capitalized in the
periods covered by these financial statements. Once capitalized, such costs will
be amortized using the units-of-production method over the estimated life of the
probable reserve.
  Vault
regularly performs evaluations of any investment in mineral properties to assess
the recoverability and/or the residual value of its investments in these assets.
All long-lived assets are reviewed for impairment whenever events or
circumstances change which indicate the carrying amount of an asset may not be
recoverable.
  11
  Exploration
Expenditures
 
 Vault
follows a policy of expensing exploration expenditures until a production
decision in respect of the project and Vault is reasonably assured that it will
receive regulatory approval to permit mining operations, which may include the
receipt of a legally binding project approval certificate.
 
 Management
periodically reviews the carrying value of its investments in mineral leases and
claims with internal and external mining related professionals.  A
decision to abandon, reduce or expand a specific project is based upon many
factors, including general and specific assessments of mineral deposits,
anticipated future mineral prices, anticipated future costs of exploring,
developing and operating a production mine, the expiration term and ongoing
expenses of maintaining mineral properties and the general likelihood that Vault
will continue exploration on such project.  Vault does not set a
pre-determined holding period for properties with unproven deposits, however,
properties which have not demonstrated suitable metal concentrations at the
conclusion of each phase of an exploration program are re-evaluated to determine
if future exploration is warranted, whether there has been any impairment in
value, and that their carrying values are appropriate.
 
 If an
area of interest is abandoned or it is determined that its carrying value cannot
be supported by future production or sale, the related costs are charged against
operations in the year of abandonment or determination of value.  The
amounts recorded as mineral leases and claims represent costs to date and do not
necessarily reflect present or future values.
 
 Vault’s
exploration activities and proposed mine development are subject to various laws
and regulations governing the protection of the environment.  These
laws are continually changing, generally becoming more
restrictive.  Vault has made, and expects to make in the future,
expenditures to comply with such laws and regulations. We mentioned above that
we are out of the mining business, thus we do not intend toincur additionalexpenditures in this business.
 
 The
accumulated costs of properties that are developed on the stage of commercial
production will be amortized to operations through unit-of-production
depletion.
 
 Use of Estimates and
Assumptions
 
 The
preparation of financial statements in conformity with United States 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.
 
 Foreign Currency
Translation
 
 Vault’s
functional currency is the U.S. dollar and its reporting currency is the U.S.
dollar. The financial statements are translated to United States dollars in
accordance with SFAS No. 52, “Foreign Currency Translation”. Monetary assets and
liabilities denominated in foreign currencies are translated using the exchange
rate prevailing at the balance sheet date. Gains and losses arising on
translation or settlement of foreign currency denominated transactions or
balances are included in the determination of income.
 
 Financial
Instruments
 
 The
carrying value of cash, due to shareholder and related party, and accounts
payable and accrued liabilities approximates their fair value because of the
short maturity of these instruments.
 
 Environmental
Costs
 
 Environmental
expenditures that relate to current operations are charged to operations or
capitalized as appropriate. Expenditures that relate to an existing condition
caused by past operations, and which do not contribute to current or future
revenue generation, are charged to operations. Liabilities are recorded when
environmental assessments and/or remedial efforts are probable, and the cost can
be reasonably estimated. Generally, the timing of these accruals coincides with
the earlier of completion of a feasibility study or Vault’s commitments to a
plan of action based on the then known facts.
  12
 
 Income
Taxes
 
 Vault
uses the asset and liability method of accounting for income taxes in accordance
with SFAS No. 109, “Accounting for Income Taxes”.  This standard
requires the use of an asset and liability approach for financial accounting and
reporting on income taxes.  If it is more likely than not that some
portion or all of a deferred tax asset will not be realized, a valuation
allowance is recognized.
 
 Basic and Diluted Net Loss
per Share
 
 Vault
reports basic loss per share in accordance with SFAS No. 128 – “Earnings Per
Share”.  Basic loss per share is computed using the weighted average
number of common stock outstanding during the period.  Diluted loss
per share is computed using the weighted average number of common and
potentially dilutive common stock outstanding during the period.  At
August 31, 2008 and 2007, Vault has no common stock equivalents that were
anti-dilutive and excluded in the loss per share computation.
  Asset Retirement
Obligations
 
 Vault has
adopted Statement of Financial Accounting Standards No. 143, “Accounting for
Asset Retirement Obligations”, which requires that an asset retirement
obligation associated with the retirement of a tangible long-lived asset be
recognized as a liability in the period which it is incurred and becomes
determinable, with an offsetting increase in the carrying amount of the
associated asset.
 
 The cost
of the tangible asset, including the initially recognized ARO, is depleted, such
that the cost of the ARO is recognized over the useful life of the
asset.  The ARO is recorded at fair value, and accretion expense is
recognized over time as the discounted liability is accreted to its expected
settlement value.  The fair value of the ARO is measured using
expected future cash flow method, discounted at the Company’s credit-adjusted
risk-free interest rate.  To date, no significant asset retirement
obligation exists due to the early stage of development.  Accordingly,
no liability has been recorded.
  Revenue
Recognition
 
 Vault
recognizes revenue in accordance with the criteria outlined in Securities
Exchange Commission Staff Accounting Bulletin No. 104, “Revenue
Recognition”.  Revenues will be recognized once they are earned;
specifically when: (a) services are provided or products are delivered to
customers, (b) there is clear proof that an arrangement exists, (c) amounts are
fixed or can be determined, and (d) the Company’s ability to collect is
reasonably assured.
  Reclassifications
 
 Certain
amounts have been reclassified to be consistent with the presentation for all
periods, with no effect on net loss or stockholders’ deficit.
  Recently Issued Accounting
Pronouncements
 
 Vault
does not expect the adoption of recently issued accounting pronouncements to
have a significant impact on Vault’s results of operations, financial position
or cash flow.
 
 ITEM 7A.
              QUANTITATIVE
      AND QUALITATIVE DISCLOSURES OF MARKET
RISK
 
 Not
Applicable.
 
 ITEM
      8.
              FINANCIAL
      STATEMENTS AND SUPPLEMENTARY DATA




13


REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
   TO
THE BOARD OF DIRECTORS
 VAULT
TECHNOLOGY, INC.
 (formerly
GENESIS URANIUM  CORP.)
 (A
DEVELOPMENT STAGE COMPANY)
 FORT
LAUDERDALE, FLORIDA
   We have audited the
accompanying consolidated balance sheets of Vault Technology, Inc. (a
development stage company) as of August 31, 2008 and 2007 and the related
consolidated statements of expenses, stockholders' deficit, and cash flows for
the years then ended and the period from April 5, 2002 (inception) through
August 31, 2008.  The consolidated financial statement for the period
from April 5, 2002 (inception) through August 31, 2006 were audited by other
auditors whose reports expressed unqualified opinions on those financial
statements.  The consolidated financial statements for the period
April 5, 2002 (inception) through August 31, 2006 include total revenues and net
loss of $0 and $78,430.  Our opinion on the  consolidated
statements of expenses, stockholders’ deficit, and cash flows for the period
from April 5, 2002 (inception) through August 31, 2008 and 2007, insofar as it
relates to amounts for prior periods through August 31, 2006, is based solely on
the report of the other auditors. These consolidated financial statements are
the responsibility of Vault Technology's management. Our responsibility is to
express an opinion on these consolidated financial statements based on our
audits.
  We conducted our audits in
accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform an audit to
obtain reasonable assurance about whether the consolidated financial statements
are free of material misstatement. The Company is not required to have, nor were
we engaged to perform, an audit of its internal control over financial
reporting. Our audits included consideration of internal control over financial
reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Company’s internal control over financial reporting. 
Accordingly, we express no such opinion.  An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
  In our
opinion, the consolidated financial statements referred to above present fairly,
in all material respects, the consolidated financial position of Vault
Technology as of August 31, 2008 and 2007 and the consolidated results of its
operations and its cash flows for the periods described in conformity with
accounting principles generally accepted in the United States of
America.
  The
accompanying consolidated financial statements have been prepared assuming that
Vault Technology will continue as a going concern. As discussed in Note 1 to the
consolidated financial statements, Vault Technology suffered recurring losses
from operations and has a capital deficiency, which raises substantial doubt
about its ability to continue as a going concern. Management's plans regarding
those matters also are described in Note 1. The consolidated financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.
 
 MALONE
& BAILEY, P.C.
 WWW.MALONE-BAILEY.COM
 HOUSTON,
TX
 December
10, 2008
  14
  VAULT
TECHNOLOGY, INC.
 (FORMERLY
GENESIS URANIUM CORP.)
 (A
Development Stage Company)
 CONSOLIDATED
BALANCE SHEETS
   August
      31,
              
              
              August
      31,2008
              
              
              2007ASSETSCurrent
      AssetsCash
              
              $
              -
              
              
              $
              5,757Prepaid
      expenses
              
              
              4,359
              
              
              
              42,032Total
      Current Assets
              
              
              4,359
              
              
              
              47,789TOTAL
      ASSETS
              
              $
              4,359
              
              
              $
              47,789LIABILITIES
      AND STOCKHOLDERS’ DEFICITCurrent
      LiabilitiesFinance
      contracts ( Note 3)
              
              $
              304,048
              
              
              $
              246,151Accounts
      payable and accrued liabilities
              
              
              34,541
              
              
              
              40,855Due
      to shareholders ( Note 4)
              
              
              89,143
              
              
              
              12,398Due
      to related party (Note 6)
              
              
              29,813
              
              
              
              -Other
      loans ( Note 5)
              
              
              82,696
              
              
              
              -Total
      Current Liabilities
              
              
              540,241
              
              
              
              299,404TOTAL
      LIABILITIES
              
              
              540,241
              
              
              
              299,404Stockholders’
      DeficitPreferred
      Stock, $0.001 par value, 100,000,000 shares authorizedNone
      issuedCommon
      Stock, 750,000,000 common shares authorized with a parvalue
      of $0.001, 57,304,689 common shares issued and outstanding
              
              
              57,305
              
              
              
              57,305Additional
      paid-in capital
              
              
              19,008
              
              
              
              19,008Deficit
      accumulated during the development  stage
              
              
              (612,195
              )
              
              
              (327,928
              )Total
      Stockholders’ Deficit
              
              
              (535,882
              )
              
              
              (251,615
              )TOTAL
      LIABILITIES AND STOCKHOLDERS’ DEFICIT
              
              $
              4,359
              
              
              $
              47,789
   See
accompanying summary of accounting policies and notes to financial
statements
  15
  VAULT
TECHNOLOGY, INC.
 (FORMERLY
GENESIS URANIUM CORP.)
 (A
Development Stage Company)
 CONSOLIDATED
STATEMENTS OF EXPENSES
   April
      5, 2002(Inception)For
      the Year
              
              
              For
      the Year
              
              
              throughAugust
      31,
              
              
              August
      31,
              
              
              August
      312008
              
              
              2007
              
              
              2008Revenues
              
              $
              -
              
              
              $
              -
              
              
              $
              -Operating
      Expenses:Exploration
      and development
              
              
              -
              
              
              
              858
              
              
              
              12,858Foreign
      exchange (gain) loss
              
              
              (12,964
              )
              
              
              3,569
              
              
              
              (12,602
              )Geological
      consulting
              
              
              186,105
              
              
              
              -
              
              
              
              187,605Interest
      and bank charges
              
              
              31,065
              
              
              
              3,473
              
              
              
              34,538Management
      fees
              
              
              16,500
              
              
              
              -
              
              
              
              16,500Mineral
      property acquisition costs
              
              
              -
              
              
              
              186,640
              
              
              
              190,484Office
              
              
              4,920
              
              
              
              8,150
              
              
              
              17,775Professional
      fees
              
              
              54,576
              
              
              
              43,958
              
              
              
              154,962Rent
              
              
              4,065
              
              
              
              2,850
              
              
              
              10,075Total
      Operating Expenses
              
              
              284,267
              
              
              
              249,498
              
              
              
              612,195NET
      LOSS
              
              $
              (284,267
              )
              
              $
              (249,498
              )
              
              $
              (612,195
              )Basic
      and diluted loss per common share
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              
              n/aWeighted
      average shares outstanding, basic and diluted
              
              
              57,304,689
              
              
              
              57,304,689
              
              
              
              n/a
 
 See
accompanying summary of accounting policies and notes to financial
statements
  16
  VAULT
TECHNOLOGY, INC.
 (FORMERLY
GENESIS URANIUM CORP.)
 (A
Development Stage Company)
 CONSOLIDATED
STATEMENTS OF CASH FLOWS
   April
      5, 2002(Inception)YEAR
      ENDED
              
              
              throughAugust
      31, August 31,
              
              
              August
      31,2008
              
              
              2007
              
              
              2008CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
              
              $
              (284,267
              )
              
              $
              (249,498
              )
              
              $
              (612,195
              )Adjustments
      to reconcile net loss tocash
      used in operating activities:Change
      in:Accounts
      receivable
              
              
              -
              
              
              
              4,551
              
              
              
              -Prepaid
      expenses
              
              
              37,673
              
              
              
              (41,317
              )
              
              
              (4,359
              )Accounts
      payable and accrued liabilities
              
              
              (6,314
              )
              
              
              12,230
              
              
              
              34,541NET
      CASH USED IN OPERATING ACTIVITIES
              
              
              (252,908
              )
              
              
              (274,034
              )
              
              
              (582,013
              )CASH
      FLOWS FROM FINANCING ACTIVITIESShareholder
      loans
              
              
              76,745
              
              
              
              10,593
              
              
              
              89,143Finance
      contracts
              
              
              57,897
              
              
              
              246,151
              
              
              
              304,048Related
      party loans
              
              
              29,813
              
              
              
              -
              
              
              
              29,813Other
      loans
              
              
              82,696
              
              
              
              -
              
              
              
              82,696Share
      subscription collected
              
              
              -
              
              
              
              -
              
              
              
              76,313NET
      CASH PROVIDED BY FINANCING ACTIVITIES
              
              
              247,151
              
              
              
              256,744
              
              
              
              582,013NET
      CHANGE IN CASH
              
              
              (5,757
              )
              
              
              (17,290
              )
              
              
              -CASH
      AT BEGINNING OF PERIOD
              
              
              5,757
              
              
              
              23,047
              
              
              
              -CASH
      AT END OF PERIOD
              
              $
              -
              
              
              $
              5,757
              
              
              $
              -Supplemental
      DisclosuresInterest
      paid
              
              $
              -
              
              
              $
              -
              
              
              $
              -Income
      taxes paid
              
              
              -
              
              
              
              -
              
              
              
              -
 
  See
accompanying summary of accounting policies and notes to financial
statements
  17
 
 VAULT
TECHNOLOGY, INC.
 (FORMERLY
GENESIS URANIUM CORP.)
 (A
Development Stage Company)
 CONSOLIDATED
STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT)
 PERIOD
FROM APRIL 5, 2002 (INCEPTION) THROUGH  AUGUST 31, 2008
   DEFICITSHARE
              
              
              ACCUMULATEDADDITIONAL
              
              
              SUBSCRIPTION
              
              
              DURINGCOMMON
      STOCK
              
              
              PAID-IN
              
              
              (RECEIVABLE)
              
              
              EXPLORATIONSHARES
              
              
              AMOUNT
              
              
              CAPITAL
              
              
              RECEIVED
              
              
              STAGE
              
              
              TOTALShares
      issued for cashAugust
      21, 2002 at $0.001
              
              
              41,250,000
              
              
              $
              41,250
              
              
              $
              (35,750
              )
              
              $
              -
              
              
              $
              -
              
              
              $
              5,500Net
      loss
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (2,266
              )
              
              
              (2,266
              )Balances
      at August 31, 2002
              
              
              41,250,000
              
              
              
              41,250
              
              
              
              (35,750
              )
              
              
              -
              
              
              
              (2,266
              )
              
              
              3,234Net
      loss
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (4,209
              )
              
              
              (4,209
              )Balance
      at August 31, 2003
              
              
              41,250,000
              
              
              
              41,250
              
              
              
              (35,750
              )
              
              
              -
              
              
              
              (6,475
              )
              
              
              (975
              )Net
      loss
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (123
              )
              
              
              (123
              )Balance
      at August 31, 2004
              
              
              41,250,000
              
              
              
              41,250
              
              
              
              (35,750
              )
              
              
              -
              
              
              
              (6,598
              )
              
              
              (1,098
              )Shares
      issued for cashAugust
      31, 2005 at $0.033
              
              
              16,054,689
              
              
              
              16,055
              
              
              
              54,758
              
              
              
              (166
              )
              
              
              -
              
              
              
              70,647Net
      loss
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (7,269
              )
              
              
              (7,269
              )Balance
      at August 31, 2005
              
              
              57,304,689
              
              
              
              57,305
              
              
              
              19,008
              
              
              
              (166
              )
              
              
              (13,867
              )
              
              
              62,280Share
      subscription received
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              166
              
              
              
              -
              
              
              
              166Net
      loss for the year
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (64,563
              )
              
              
              (64,563
              )Balance
      at August 31, 2006
              
              
              57,304,689
              
              
              
              57,305
              
              
              
              19,008
              
              
              
              -
              
              
              
              (78,430
              )
              
              
              (2,117
              )Net
      loss for the year
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (249,498
              )
              
              
              (249,498
              )Balance
      at August 31, 2007
              
              
              57,304,689
              
              
              
              57,305
              
              
              
              19,008
              
              
              
              -
              
              
              
              (327,928
              )
              
              
              (251,615
              )Net
      loss for the year
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              (284,267
              )
              
              
              (284,267
              )Balance
      at August 31, 2008
              
              
              57,304,689
              
              
              $
              57,305
              
              
              $
              19,008
              
              
              $
              -
              
              
              $
              (612,195
              )
              
              $
              (535,882
              )
   See
accompanying summary of accounting policies and notes to financial
statements
  18
  VAULT
TECHNOLOGY, INC.
 (FORMERLY
GENESIS URANIUM CORP.)
 (A
Development Stage Company)
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 
 1.
              NATURE
      OF BUSINESS AND GOING CONCERN
 
 Aztek
Ventures Inc. was incorporated in Nevada on April 5, 2002.  Aztek
changed its name on November 13, 2007 to Genesis Uranium Corp. and Genesis
changed its name to Vault Technology Inc. on April 21, 2008.  Vault is
a development stage company as defined by Statement of Financial Accounting
Standard No. 7. Vault has been in the development stage since its formation and
has not yet realized any revenues from its planned operations. Aztek was formed
for the purpose of acquiring exploration and development stage natural resources
properties. The purpose of the name change on April 21, 2008 was to reflect the
possibility of future business opportunities other than uranium exploration. See
Subsequent Events Note 11.
 
 These
consolidated financial statements have been prepared on a going concern basis.
Vault has incurred losses since inception resulting in an accumulated deficit of
$612,195 since inception and further losses are anticipated in the development
of its business, raising substantial doubt about Vault’s ability to continue as
a going concern. Its ability to continue as a going concern is dependent upon
the ability of Vault to generate profitable operations in the future and/or to
obtain the necessary financing to meet its obligations and repay its liabilities
arising from normal business operations when they come
due.  Management has plans to seek additional capital through a
private placement of its common stock.  The consolidated financial
statements do not include any adjustments relating to the recoverability and
classification of recorded assets, or the amounts of and classification of
liabilities that might be necessary in the event the Company cannot continue in
existence.
  2.
              SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES
 
 The
consolidated financial statements of Vault have been prepared in accordance with
generally accepted accounting principles in the United States of
America.  Because a precise determination of many assets and
liabilities is dependent upon future events, the preparation of consolidated
financial statements for a period necessarily involves the use of estimates
which have been made using careful judgment.  Actual results may vary
from these estimates.
 
 The
consolidated financial statements have, in management’s opinion, been properly
prepared within reasonable limits of materiality and within the framework of the
significant accounting policies summarized below:
  Consolidation
 
 These
consolidated financial statements include the accounts of Vault and its wholly
owned subsidiary, Tekaz Mining Corp. which was incorporated in British Columbia,
Canada on September 19, 2002, and 101117559 Saskatchewan Ltd., which was
incorporated in Saskatchewan, Canada on April 7, 2008.
  Acquisition, Exploration and
Evaluation Expenditures
 
 Vault is
a development stage company and has not yet realized any revenue from its
operations. It was primarily engaged in the acquisition, exploration and
development of mining properties. Mineral property acquisition and exploration
costs are expensed as incurred. When it has been determined that a mineral
property can be economically developed as a result of establishing proven and
probable reserves, the costs incurred to develop such property, are capitalized.
For the purpose of preparing financial information, all costs associated with a
property that has the potential to add to Vault’s proven and probable reserves
are expensed until a final feasibility study demonstrating the existence of
proven and probable reserves is completed. No costs have been capitalized in the
periods covered by these financial statements. Once capitalized, such costs will
be amortized using the units-of-production method over the estimated life of the
probable reserve.
  19
 VAULT
TECHNOLOGY, INC.
 (FORMERLY
GENESIS URANIUM CORP.)
 (A
Development Stage Company)
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 Vault
regularly performs evaluations of any investment in mineral properties to assess
the recoverability and/or the residual value of its investments in these assets.
All long-lived assets are reviewed for impairment whenever events or
circumstances change which indicate the carrying amount of an asset may not be
recoverable.
  Exploration
Expenditures
 
 Vault
follows a policy of expensing exploration expenditures until a production
decision in respect of the project and Vault is reasonably assured that it will
receive regulatory approval to permit mining operations, which may include the
receipt of a legally binding project approval certificate.
 
 Management
periodically reviews the carrying value of its investments in mineral leases and
claims with internal and external mining related professionals.  A
decision to abandon, reduce or expand a specific project is based upon many
factors, including general and specific assessments of mineral deposits,
anticipated future mineral prices, anticipated future costs of exploring,
developing and operating a production mine, the expiration term and ongoing
expenses of maintaining mineral properties and the general likelihood that Vault
will continue exploration on such project.  Vault does not set a
pre-determined holding period for properties with unproven deposits, however,
properties which have not demonstrated suitable metal concentrations at the
conclusion of each phase of an exploration program are re-evaluated to determine
if future exploration is warranted, whether there has been any impairment in
value, and that their carrying values are appropriate.
 
 If an
area of interest is abandoned or it is determined that its carrying value cannot
be supported by future production or sale, the related costs are charged against
operations in the year of abandonment or determination of value.  The
amounts recorded as mineral leases and claims represent costs to date and do not
necessarily reflect present or future values.
 
 Vault’s
exploration activities and proposed mine development are subject to various laws
and regulations governing the protection of the environment.  These
laws are continually changing, generally becoming more
restrictive.  Vault has made, and expects to make in the future,
expenditures to comply with such laws and regulations.
 
 The
accumulated costs of properties that are developed on the stage of commercial
production will be amortized to operations through unit-of-production
depletion.
  Use of Estimates and
Assumptions
 
 The
preparation of financial statements in conformity with United States 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.
  Foreign Currency
Translation
 
 Vault’s
functional currency is the U.S. dollar and its reporting currency is the U.S.
dollar. The financial statements are translated to United States dollars in
accordance with SFAS No. 52, “Foreign Currency Translation”. Monetary assets and
liabilities denominated in foreign currencies are translated using the exchange
rate prevailing at the balance sheet date. Gains and losses arising on
translation or settlement of foreign currency denominated transactions or
balances are included in the determination of income.
  Financial
Instruments
 
 The
carrying value of cash, due to shareholder and related party, and accounts
payable and accrued liabilities approximates their fair value because of the
short maturity of these instruments.
  20
 VAULT
TECHNOLOGY, INC.
 (FORMERLY
GENESIS URANIUM CORP.)
 (A
Development Stage Company)
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
   Environmental
Costs
 
 Environmental
expenditures that relate to current operations are charged to operations or
capitalized as appropriate. Expenditures that relate to an existing condition
caused by past operations, and which do not contribute to current or future
revenue generation, are charged to operations. Liabilities are recorded when
environmental assessments and/or remedial efforts are probable, and the cost can
be reasonably estimated. Generally, the timing of these accruals coincides with
the earlier of completion of a feasibility study or Vault’s commitments to a
plan of action based on the then known facts.
  Income
Taxes
 
 Vault
uses the asset and liability method of accounting for income taxes in accordance
with SFAS No. 109, “Accounting for Income Taxes”.  This standard
requires the use of an asset and liability approach for financial accounting and
reporting on income taxes.  If it is more likely than not that some
portion or all of a deferred tax asset will not be realized, a valuation
allowance is recognized.
  Basic and Diluted Net Loss
per Share
 
 Vault
reports basic loss per share in accordance with SFAS No. 128 – “Earnings Per
Share”.  Basic loss per share is computed using the weighted average
number of common stock outstanding during the period.  Diluted loss
per share is computed using the weighted average number of common and
potentially dilutive common stock outstanding during the period.  At
August 31, 2008 and 2007, Vault has no common stock equivalents that were
anti-dilutive and excluded in the loss per share computation.
  Asset Retirement
Obligations
  Vault has
adopted Statement of Financial Accounting Standards No. 143, “Accounting for
Asset Retirement Obligations”, which requires that an asset retirement
obligation associated with the retirement of a tangible long-lived asset be
recognized as a liability in the period which it is incurred and becomes
determinable, with an offsetting increase in the carrying amount of the
associated asset.
 
 The cost
of the tangible asset, including the initially recognized ARO, is depleted, such
that the cost of the ARO is recognized over the useful life of the
asset.  The ARO is recorded at fair value, and accretion expense is
recognized over time as the discounted liability is accreted to its expected
settlement value.  The fair value of the ARO is measured using
expected future cash flow method, discounted at the Company’s credit-adjusted
risk-free interest rate.  To date, no significant asset retirement
obligation exists due to the early stage of development.  Accordingly,
no liability has been recorded.
  Revenue
Recognition
 
 Vault
recognizes revenue in accordance with the criteria outlined in Securities
Exchange Commission Staff Accounting Bulletin No. 104, “Revenue
Recognition”.  Revenues will be recognized once they are earned;
specifically when: (a) services are provided or products are delivered to
customers, (b) there is clear proof that an arrangement exists, (c) amounts are
fixed or can be determined, and (d) the Company’s ability to collect is
reasonably assured.
  Reclassifications
 
 Certain
amounts have been reclassified to be consistent with the presentation for all
periods, with no effect on net loss or stockholders’ deficit.
 
 Recently Issued Accounting
Pronouncements
 
 Vault
does not expect the adoption of recently issued accounting pronouncements to
have a significant impact on Vault’s results of operations, financial position
or cash flow.
  21
 VAULT
TECHNOLOGY, INC.
 (FORMERLY
GENESIS URANIUM CORP.)
 (A
Development Stage Company)
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 3.
                FINANCE
      CONTRACTS
 On June
25, 2007, Vault borrowed $208,294 (CDN $220,000) from Caelum Finance of
Vancouver, British Columbia, Canada. This loan is subject to interest at 8% per
annum and is payable on or before December 25, 2007 and may be extended at the
discretion of the lender. On August 22, 2008, the agreement was amended and is
now fully secured by the Wollaston Lake Property (Note 7b).  See Note
11 for current activity.
 
 On August
9, 2007, Vault borrowed an additional $37,857 (CDN $39,985) from Caelum Finance
Ltd, also subject to interest at 8% per annum.  See Note 11 for
current activity.
 
 On March
10, 2008, Vault borrowed an additional $62,920 in Canadian Dollars from Caelum
Finance Ltd. also subject to interest at 8% per annum.  See Note 11
for current activity.
 4.
                  SHAREHOLDER
      LOANS
 As of
August 31, 2008, Vault borrowed a total of $89,143 from shareholders. These
loans are unsecured, not subject to interest and payable upon
demand.
 5.
                  OTHER
      LOANS
 During
the last quarter of the fiscal year ended August 31, 2008, Vault borrowed
additional funds from Caelum Finance Ltd. These loans are unsecured, not subject
to interest and payable upon demand.
 6.
                  DUE
      TO RELATED PARTY
 During
the last quarter of the fiscal year ended August 31, 2008, Vault borrowed funds
from a company related to the current President of Vault.
 7.
                  MINERAL
      PROPERTIES
 a)
                  On
      September 19, 2002, Vault purchased a mineral interest in an area known as
      the Ideal Property in the Alberni Mining Division of British Columbia,
      Canada for $3,269. This claim covers an area of 168.592 hectares and
      expired on September 5, 2005. This claim was re-staked and reacquired on
      December 10, 2005 for $575 and expires on December 8, 2008. As at August
      31, 2008, exploration and development costs of $12,858 have been incurred
      and expensed. The Company does not intend to renew this
    claim.
 b)
                  On
      June 27, 2007, Vault purchased a mineral interest in the Wollaston Lake
      Property located in the Hydichuk Lake Area in Saskatchewan, Canada for
      $186,640 (CDN $200,000). This claim covers an area of 80,587 hectares and
      expires December 20, 2008.  See Note 11 for current
      activity.
 8.
                  SHARE
      CAPITAL
 On July
6, 2007, Vault effected a 2.5 to 1 forward split of its common stock and
increased its authorized number of common shares to 250,000,000. This change has
been recorded retroactively on the financial statements.
 
 On
February 11, 2008, the authorized number of shares of common stock was increased
to 750,000,000 shares and the issued and outstanding shares were split on the
basis of three for every one share previously held. This change has been
recorded retroactively on the financial statements.
  22
 VAULT
TECHNOLOGY, INC.
 (FORMERLY
GENESIS URANIUM CORP.)
 (A
Development Stage Company)
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 9.
                  INCOME
      TAXES
 Since
inception, Vault has incurred net losses and therefore has no tax
liability.  The net deferred tax asset generated by the loss
carry-forward has been fully reserved.  The cumulative net operating
loss carry-forward is $533,764, as follows:
 a)
                Income
      tax provision (U.S.)
 Potential
benefits of income tax losses are not recognized in the accounts until
realization is more likely than not.  Pursuant to SFAS No. 109, Vault
is required to compute tax asset benefits for net operating losses carried
forward.  Potential benefit of net operating losses have not been
recognized in these financial statements because Vault cannot be assured that it
is more likely than not it will utilize the net operating losses carried forward
in future years.
  The
provision for income taxes differs from the result which would be obtained by
applying the statutory income tax rate of 34% to income before income taxes. The
difference results from the following items:
  2008
              
              
              2007Computed
      expected (benefit of) income taxes
              
              $
              (96,651
              )
              
              $
              (21,080
              )Increase
      in valuation allowance
              
              
              96,651
              
              
              
              21,080Income
      tax provision
              
              $
              -
              
              
              $
              -
  At August
31, 2008, Vault has net operating losses of $408,852 which may be carried
forward to apply against future years’ income for tax purposes, expiring as
follows:
  2022
                
                $
                2,2662023
                
                
                9402024
                
                
                1232025
                
                
                7,2692026
                
                
                51,9882027
                
                
                61,9992028
                
                
                284,267
  b)
              Income
      tax provision (Canadian)
  A
reconciliation of the income tax benefit (provisions) with amounts determined by
applying the combined Canadian federal and provincial income tax rate of 34.12%
to the consolidated losses as follows:
 
 2008
              
              
              2007Computed
      expected (benefit of) income taxes
              
              $
              -
              
              
              $
              (63,974
              )Increase
      in valuation allowance
              
              
              -
              
              
              
              63,974Income
      tax provision
              
              $
              -
              
              
              $
              -
  At August
31, 2008, Vault has net operating losses of $203,342 which may be carried
forward to apply against future years’ income for tax purposes expiring in 2009
and onward.
 23
  VAULT
TECHNOLOGY, INC.
 (FORMERLY
GENESIS URANIUM CORP.)
 (A
Development Stage Company)
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 10.
                  CONTRACTURAL
      OBLIGATIONS
 Office
rent is pursuant to a four month lease commencing August 1, 2008 at a rate of
$1,200 per month, and subject to an option to extend by the Company on a
month-to-month basis.  On December 1, 2008, the Company entered into a
lease agreement with a  third party for a term of three years with
monthly lease payment of $2,941.
 
 The
following is a schedule of future minimum rental payments under the above
operating leases as August 31, 2008:
  Year
      Ending August 31,
              
              Amount2009
              
              $
              26,8572010
              
              
              31,8092011
              
              
              31,8092012
              
              
              7,952$
              98,427
  11.
                  SUBSEQUENT
      EVENTS
 On
October 9, 2008, Vault and its wholly-owned subsidiaries executed a Release and
Settlement Agreement with Caelum Finance Ltd. to terminate all existing
relationships and settle all outstanding debts. Under the terms of this
agreement, all rights, title and interest in the Wollaston Lake Property were
agreed to be transferred to Caelum as full and complete consideration of all
obligations under the loan agreement with Caelum and to include all other
outstanding debts.  Upon executing the Agreement,  a
shareholder of Vault, affiliated with
Caelum, agreed to deliver his entire share ownership of our common stock, which
consisted of 2,250,000 shares, or approximately 3.9% of our issued and
outstanding common stock.  Curt White also waived any claims under any
loan or note made by us and the Vault Entities.  He also waived any
claims under any loan or note made by us and the Vault Entities.
  24


ITEM
      9.
              CHANGES IN AND DISAGREEMENTS
      WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
      DISCLOSURE
 
 On
October 9, 2007, we engaged Malone & Bailey, P.C., Certified Public
Accountants (“Malone & Bailey”), as our principal independent accountants.
On the same date, we advised Telford Sadovnick, P.L.L.C., Certified Public
Accountants (“Telford”), that it was dismissed as our accountants. Our Board of
Directors approved the engagement of Malone & Bailey and the dismissal of
Telford by written resolution.
 
 Telford’s
reports on our financial statements for the fiscal year ended August 31, 2006
and August 31, 2005 did not contain an adverse opinion or disclaimer of opinion,
nor were they modified or qualified as to uncertainty, audit scope or accounting
principles with the exception of a statement regarding the uncertainty of our
ability to continue as a going concern.
 
 Malone
& Bailey’s reports on our financial statements for the fiscal year ended
August 31, 2008 and August 31, 2007 did not contain an adverse opinion or
disclaimer of opinion, nor were they modified or qualified as to uncertainty,
audit scope or accounting principles with the exception of a statement regarding
the uncertainty of our ability to continue as a going concern.
 
 There
have been no disagreements between ourselves and either Telford or Malone &
Bailey on any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedure, which, if not resolved to the
satisfaction of  either Telford or Malone & Bailey, would have
caused them to make reference to the subject matter of the disagreement in
connection with their report for the financial statements for the past year.
 
 ITEM
      9A.
              CONTROLS
      AND PROCEDURES
  Under the
supervision and with the participation of our management, including our
principal executive officer and principal officer, we have evaluated the
effectiveness of our disclosure controls and procedures as required by Exchange
Act Rule 13a-15(b) as of the end of the period covered by this report. Based on
that evaluation, our principal executive officer and principal financial officer
have concluded that these disclosure controls and procedures are not effective
because of the identification of a material weakness in our internal control
over financial reporting which is identified below, which we view as an integral
part of our disclosure controls and procedures.
  There were no changes in
our internal control over financial reporting during the last fiscal year that
have been materially affected, or are reasonably likely to materially affect,
our internal control over financial reporting.
 ITEM
      9A(T).
              CONTROLS
      AND PROCEDURES
 Management’s
Annual Report on Internal Control Over Financial Reporting
 Our Chief
Executive Officer and our Chief Financial Officer are responsible for
establishing and maintaining adequate internal control over financial reporting.
 Internal control over financial reporting is defined in Rule 13a-15(f) and
15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process
designed by, or under the supervision of, our principal executive and principal
financial officers and effected by our board of directors, management and other
personnel, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles and
includes those policies and procedures that:
 
 ·
              pertain
      to the maintenance of records that in reasonable detail accurately and
      fairly reflect the transactions and dispositions of our
      assets;
 ·
              provide
      reasonable assurance that transactions are recorded as necessary to permit
      preparation of financial statements in accordance with generally accepted
      accounting principles, and that our receipts and expenditures are being
      made only in accordance with authorizations of management and our
      directors; and
 ·
              provide
      reasonable assurance regarding prevention or timely detection of
      unauthorized acquisition, use or disposition of our assets that could have
      a material effect on the financial
statements.
 
 Because
of its inherent limitations, our internal control over financial reporting may
not prevent or detect misstatements. Therefore, even those systems determined to
be effective can provide only reasonable assurance with respect to financial
statement preparation and presentation. Projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.
  Our Chief Executive
Officer and our Chief Financial Officer assessed the effectiveness of our
internal control over financial reporting as of August 31, 2008.   In
making this assessment, management used the criteria set forth by the Committee
of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal
Control — Integrated Framework.
  Based on our assessment,
our Chief Executive Officer and our Chief Financial Officer believe that, as of
August 31, 2008, our internal control over financial reporting is not effective
based on those criteria.Based on its
evaluation, our management concluded that there is a material weakness in our
internal control over financial reporting. A material weakness is a deficiency,
or a combination of control deficiencies, in internal control over financial
reporting such that there is a reasonable possibility that a material
misstatement of the Company’s annual or interim financial statements will not be
prevented or detected on a timely basis.
 25
 The
material weakness relates to the lack of segregation of duties in financial
reporting, as our financial reporting and all accounting functions are performed
by an external consultant. and our company does not have an audit committee.
This weakness is due to the company’s lack of working capital to hire additional
staff. To remedy this material weakness, we intend to engage another accountant
to assist with financial reporting as soon as our finances will
allow.
  This annual report does
not include an attestation report of the Company’s registered public accounting
firm regarding internal control over financial reporting. Management’s report
was not subject to the attestation by the Company’s registered public accounting
firm pursuant to temporary rules of the SEC that permit the Company to provide
only management’s report in this annual report.
 ITEM
      9B.
              OTHER
      INFORMATION
 
 None.
  PART
III
 
 ITEM
      10.
              DIRECTORS, EXECUTIVE OFFICERS,
      PROMOTERS, CONTROL PERSONS AND CORPORATE GOVERNANCE;
      COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE
    ACT
 
 The
following information sets forth the names of our officers and directors, their
present positions with our company, and their biographical information as of
August 31, 2008:
  Name
              Age
              PositionsNick
      Arroyo
              49
              Chief
      Executive Officer, President, and DirectorRandy
      White
              39
              Chief
      Financial Officer, Secretary, Treasurer and
  Director
 
 Nick
Arroyowas
appointed as our President, Chief Executive Officer and as a director on August
25, 2008.  Mr. Arroyo is an entrepreneurial senior executive with over
27 years experience encompassing, Audit, Finance, Accounting, Budgeting,
Strategic Planning, International Operations, Contract Negotiations, Buying,
Marketing and Executive Management and Leadership Positions.   Mr.
Arroyo started his career in the US Air Force where he was an Accounting and
Finance Officer and later became an auditor for Arthur Andersen &
Company.  Mr. Arroyo spent the next 20 years in the telecommunications
industry where he held senior management positions in business development,
international services, procurement, operations, and leadership positions. 
Prior to joining us,  Mr. Arroyo was the President for Convergen Media
Group. Inc., a provider of digital media, communications, security, home
automation and control technologies.  From 2005 to 2006 Mr. Arroyo was
Vice President of Global Operations for VoIP Inc., a leading provider of voice
over IP services.  From 1987 to 1995, Mr. Arroyo worked at Verizon
Communications Inc. (f/n/a GTE) where he held various positions including
accounting manager, assistant controller, budget and strategic planning manager
and controller.  Mr. Arroyo holds a BS in Accounting and Finance from the
Inter-American University in San Juan, Puerto Rico which he earned in
1981.    Mr. Arroyo is not an officer or director of any
other U.S. reporting company.  Mr. Arroyo is not expected to receive
any compensation from the Registrant for his service as a
director.
  Randy
White had been our Chief Executive Officer, Chief Financial Officer,
President, Secretary, Treasurer and a member of our Board of Directors since
December 13, 2007. On August 23, 2008, Mr. White resigned as our Chief Executive
Officer and President, though he retains his other positions of Chief Financial
Officer, Secretary, Treasurer, and Director. Mr. White is also currently the
President of Stratus Investments Group, a private investment enterprise he
founded in 1999. Working and living in both North America and Europe, Mr. White
has successfully managed an array of business activities including real-estate
investment, corporate finance and consulting for both private and public
resource companies.
 
 TERMS
OF OFFICE
 
 Our
directors are elected to hold office until the next annual meeting of the
shareholders and until their respective successors have been elected and
qualified. Our executive officers are appointed by our board of directors and
hold office until removed by our board of directors or until their successors
are appointed.
 
 COMMITTEES
OF THE BOARD OF DIRECTORS
 
 Our audit
committee presently consists of our entire board of directors. We do not have a
compensation committee, nominating committee, an executive committee of our
board of directors, stock plan committee or any other committee. However, our
board of directors may establish various committees during the current fiscal
year.
  AUDIT
COMMITTEE FINANCIAL EXPERT
 
 Our board
of directors has determined that none of the audit committee members can be
classified as an “audit committee financial expert” as defined in Item 401(e) of
Regulation S-K. Our board of directors does not contain a member that can be classified as an
“audit committee financial expert” under the referenced definition. Our board of
directors believes that attracting and retaining board members that could be
classified as an “audit committee financial expert” is unlikely at this time due
to the high cost of such director candidates.
 
 COMPLIANCE
WITH SECTION 16(a) OF THE SECURITIES EXCHANGE ACT
 
 Section
16(a) of the Exchange Act requires our executive officers and directors, and
persons who beneficially own more than ten percent of our equity securities
(collectively, “Reporting Persons”) to file reports of ownership and changes in
ownership with the SEC. Reporting Persons are required by SEC regulation to
furnish us with copies of all Section 16(a) forms they file. Based on our review
of the copies of such forms received by us, there were no Reporting Persons who
failed to file on a timely basis, reports required by Section 16(a) of the
Exchange Act.
  26
 
 CODE
OF ETHICS
 
 We
adopted a Code of Ethics applicable to our officers and directors which is a
“code of ethics” as defined by applicable rules of the SEC. Our code of ethics
is attached as an exhibit to this Annual Report. If we make any amendments to
our Code of Ethics other than technical, administrative, or other
non-substantive amendments, or grant any waivers, including implicit waivers,
from a provision of our Code of Ethics to our President, Treasurer, or certain
other finance executives, we will disclose the nature of the amendment or
waiver, its effective date and to whom it applies in a current report on Form
8-K filed with the SEC.
 
 ITEM
      11.
              EXECUTIVE
      COMPENSATION
 
 Summary
Compensation Table
  The
following table sets forth the total compensation paid or earned during the
fiscal years ended August 31, 2008 and 2007, respectively, by the
Company's President & Chief Executive Officer, former President & Chief
Executive Officer, Chief Financial Officer.
 Non-EquityIncentive
      Plan
                
                
                All
      OtherSalary
                
                
                Bonus
                
                
                StockAwards
                
                
                OptionAwards
                
                
                Compensation(5)
                
                
                Compensation(3)
                
                
                TotalName
      and Principal Position
                Year
                
                $
                -
                
                
                $
                -
                
                
                $
                -
                
                
                $
                -
                
                
                $
                -
                
                
                $
                -
                
                
                $
                -Nick
      Arroyo (1)
                2008
                
                
                15,000
                
                
                
                -
                
                
                
                -
                
                
                
                
                
                
                
                
                
                
                
                1,000
                
                
                
                16,000President
      and Chief Executive
                2007
                
                
                0
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -OfficerRandy
      White (2)
                2008
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -President,
      CEO, Chief
                2007
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -Financial
      Officer
  (1) Mr.
Arroyo was appointed on August 25, 2008
 (2) Mr. White resigned as
CEO and President effective August 23, 2008, but retained his position as
Secretary, Treasurer, and Director (3)
Health and dental insurance premiums
  Outstanding
Equity Awards at Fiscal Year End
 
 As at
August 31, 2008, we did not have any outstanding equity awards.
 Compensation Arrangements
  On September
17, 2007, we entered into a management consulting agreement with David R.
Deering. Pursuant to the terms of the agreement, Mr. Deering is to be paid
consulting fees of $6,000 per month, in consideration of which Mr. Deering
agreed to act as our Vice President of Exploration. The term of the agreement is
for a period of two years expiring at the close of business on September 16,
2009. On February 22,
2008, Mr. Deering resigned his position.
  We also anticipate
entering into a compensation agreement with Mr. Arroyo, the terms of which will
be disclosed when available, pursuant to which Mr. Arroyo is expected to receive
a salary and/or stock-based compensation. While Mr. Arroyo’s compensation
contract is completed, he is being paid $15,000.00 per month, plus, $1,000.00
per month for health and dental insurance. These payments are being processed by
a related party and invoiced to Vault.
 Stock
Options/SAR Grants
  No grants
of stock options or stock appreciation rights were made since our date of
incorporation.
  Long-Term
Incentive Plans
  As of
August 31, 2008, we had no group life, health, hospitalization, or medical
reimbursement or relocation plans in effect. Further, we had no pension plans or
plans or agreements which provide compensation on the event of termination of
employment or change in control of us.
  Director
Compensation
  Our
directors received no compensation for their service as directors during year
ended August 31, 2008.
  No
Equity Compensation Plan
  We do not
have any securities authorized for issuance under any equity compensation
plan.  We also do not have an equity compensation plan in place,
however we are evaluating a plan.
 27
  ITEM
      12.
              SECURITY OWNERSHIP OF CERTAIN
      BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER
      MATTERS.
  SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
  The
following table sets forth certain information concerning the number of shares
of our common stock owned beneficially as of December 10,2008by: (i) each person (including any group) known
to us to own more than five percent (5%) of any class of our voting securities,
(ii) each of our directors, (iii) each of our named executive officers; and (iv)
officers and directors as a group. Unless otherwise indicated, the shareholders
listed possess sole voting and investment power with respect to the shares
shown.
 TitleofClass
              
              Name
      and Address
                of
      Beneficial Owner
              
              Nature
      of Ownership
                Number
      ofShares
                of Common Stock
      (1)
              
              Percentage
                of
      Common
                Stock
  (1)DIRECTORS
      AND OFFICERSCommon
      Stock
              
              Nick
      Arroyo
                4901
      NW 17TH Way, Suite 405
                Fort
      Lauderdale, FL 33309
              
              President,
      Chief Executive Officer, Director
                No
      shares
              
              0.00%Common
      Stock
              
              Randy
      White
                Opletalova
      43
                Prague,
      Czech Republic 11000
              
              Chief
      Financial Officer,
                Secretary,
      Treasurer, Director
                39,001,571shares
              
              68.06%Common
      Stock
              
              All
      Officers and Directors as
                a
      Group(2
      persons)
              
              39,001,571
      shares
              
              68.06%5%
      SHAREHOLDERSCommon
      Stock
              
              Randy
      White
                Opletalova
      43
                Prague,
      Czech Republic 11000
              
              Chief
      Financial Officer,
                Secretary,
      Treasurer, Director
                39,001,571
      shares(direct)
              
              68.06%
 
 Notes:
 (1)
              Based
      on 57,304,689 shares of our common stock issued and outstanding as of
      December
      10, 2008. Under Rule 13d-3, certain shares may be deemed to be
      beneficially owned by more than one person (if, for example, persons share
      the power to vote or the power to dispose of the shares). In addition,
      shares are deemed to be beneficially owned by a person if the person has
      the right to acquire the shares (for example, upon exercise of an option)
      within 60 days of the date as of which the information is provided. In
      computing the percentage ownership of any person, the amount of shares
      outstanding is deemed to include the amount of shares beneficially owned
      by such person (and only such person) by reason of these acquisition
      rights. As a result, the percentage of outstanding shares of any person as
      shown in this table does not necessarily reflect the person’s actual
      ownership or voting power with respect to the number of shares of common
      stock actually outstanding on December 10,
2008.
 
 Changes
in Control
 
 We are
not aware of any arrangement which may result in a change in control in the
future.
 
 No
Equity Compensation Plan
  We do not
have any securities authorized for issuance under any equity compensation
plan.  We also do not have an equity compensation plan however, we are
considering implementing such a plan.
 ITEM
      13.
              CERTAIN
      RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
      INDEPENDENCE
 
 Except as
described below, none of the following persons has any direct or indirect
material interest in any transaction to which we were or are a party during the
past two years, or in any proposed transaction to which we proposed to be a
party:
  28
 
 (A)
              Any
      director or officer;(B)
              Any
      person who beneficially owns, directly or indirectly, shares carrying more
      than 5% of the voting rights attached to our common stock;
    or(C)
              Any
      relative or spouse of any of the foregoing persons, or any relative of
      such spouse, who has the same house as such person or who is a director or
      officer of any parent or
subsidiary.
 
 On August
21, 2002, we issued 5,500,000 total shares of common stock to Curt White, our
former President and a former director, at a price of $0.001 per share. The
shares were issued pursuant to Section 4(2) of the Securities Act and are
restricted shares as defined in the Securities Act.
  On
September 17, 2007, we entered into a management consulting agreement with David
R. Deering, one of our executive officers at the time. Pursuant to the terms of
the agreement, Mr. Deering was to be paid consulting fees of $6,000 per month,
in consideration of which Mr. Deering agreed to act as our Vice President of
Exploration. The term of the agreement was for a period of two
years.   However, on February 22, 2008, Mr. Deering, resigned his
position and we have no further compensation obligations owed him.
  On August
25, 2008, Nick Arroyo was appointed as our President, Chief Executive Officer
and as a director. We anticipate entering into a compensation agreement with Mr.
Arroyo, the terms of which will be disclosed when available, pursuant to which
Mr. Arroyo is expected to receive a salary and/or stock-based
compensation.
  During
the last quarter of the fiscal year ended August 31, 2008, we borrowed funds
from a company related to our current President. As of August 31, 2008, we
additionally borrowed a total of $89,143 from shareholders. These loans are
unsecured, not subject to interest and payable upon demand.
  On
October 9, 2008, we executed a Release and Settlement Agreement  with
Tekaz Mining Corp., a British Columbia corporation, 101117559 Saskatchewan Ltd.,
a Saskatchewan corporation (collectively the “Vault Entities”) and Caelum
Finance Ltd., a British Columbia corporation and Curt White, an individual,
(collectively the “Caelum Parties”), formerly one of our officers, one of our
directors and a shareholder.  The Agreement serves to terminate all
existing relationships and settle all outstanding debts between the Vault
Entities and the Caelum Parties.  These included the loan agreement
dated June 25, 2007, and an amendment which provided that the principal be
secured by collateral in the form of the Wollaston East Claims MPP 1253 and MPP
1255.   During last quarter of the fiscal year ended August 31, 2008,
we borrowed additional funds from Caelum Finance Ltd. These loans are unsecured,
not subject to interest and payable upon demand.
 In
exchange for entering into this settlement agreement, the Vault Entities agreed
to transfer all rights, title and interest to the Wollaston East Claims MPP 1253
and MPP 1255 to Caelum Finance Ltd., as full and complete consideration of all
of the obligations between the all parties and as payment in full.  In
return, and on behalf of the Caelum Parties, Caelum Finance Ltd. agreed to waive
its claims under any loan or note made by us and the Vault Entities, and
specifically agreed that properties represent payment in full for the loan as
amended, in the amount of CDN$220,000.  Upon executing the Agreement,
Curt White agreed to deliver his entire share ownership of our common stock,
which consisted of 2,250,000 shares, or approximately 3.9% of our issued and
outstanding common stock.  Curt White also waived any claims under any
loan or note made by us and the Vault Entities.
  Director
Independence
 
 Quotations
for our common stock are entered on the OTC Bulletin Board inter-dealer
quotation system, which does not have director independence requirements. For
purposes of determining director independence, we have applied the definitions
set out in NASDAQ Rule 4200(a)(15). Under NASDAQ Rule 4200(a)(15), a director is
not considered to be independent if he or she is also an executive officer or
employee of the corporation. Mr. Nick Arroyo and Mr. Randy White act as our
executive officers and directors. As such, we do not have any independent
directors.
 
 ITEM 14.
              PRINCIPAL
      ACCOUNTANT FEES AND SERVICES
 
 The
aggregate fees billed for the fiscal years ended August 31, 2008 and August 31,
2007 for professional services rendered by the principal accountant for the
audit of our financial statements and review of the financial statements
included in our Quarterly Reports on Form 10-QSB and in our Annual Report on
Form 10-K and on Form 10-KSB, and services that are normally provided by the
accountant in connection with statutory and regulatory filings or engagements
for these fiscal periods were as follows:
 
 Year
      Ended August 31, 2008
              
              
              Year
      Ended August 31, 2007Audit Fees
              
              $
              6,000
              
              
              $
              9,800Audit
      Related Fees
              
              $
              0
              
              
              $
              0Tax
      Fees
              
              $
              0
              
              
              $
              0All
      Other Fees
              
              $
              7,500
              
              
              $
              0Total
              
              $
              13,500
              
              
              $
              9,800
 
 29
  ITEM
      15.
              EXHIBITS
 
 ExhibitNumber
              Description
      of Exhibits3.1
              Articles of
      Incorporation. (1)3.2
              Amendment to
      Articles of Incorporation – name change to Aztek Ventures Inc.
      (1)3.3
              Certificate of
      Change – 2.5-for-1 Stock Split. (3)3.4
              Amendment
      to Articles of Incorporation – name change to Genesis Uranium Corp. (6)3.5
              Amendment to
      Articles of Incorporation – name change to Vault Technology,
      Inc.(5)3.6
              Bylaws, as
      amended. (1)4.1
              Form of Share
      Certificate. (1)10.1
              Purchase Agreement
      dated September 19, 2002 between Patricia L. Shore and Tekaz Mining Corp.
      (1)10.2
              Purchase Agreement
      dated June 25, 2007 between Yellowcake Resources Inc. and Tekaz Mining
      Corp. (2)10.3
              Loan Agreement dated
      June 25, 2007 between Aztek Ventures Inc. and Caelum Finance Ltd. (2)10.4
              Management
      Consulting Agreement with David R. Deering. (4)10.5
              Amendment No. 1 to
      Loan Agreement  dated  August 22,
      2008  (7)10.6
              Release and
      Settlement Agreement dated October 9, 2008 (8)14.1
              Code
      of Ethics.(6)21.1
              List
      of Subsidiaries. *31.1
              Certification
      of Chief Executive Officer as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002. *31.2
              Certification
      of Chief Financial Officer as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002. *32.1
              Certification
      of Chief Executive Officer as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002. *32.2
              Certification
      of Chief Financial Officer as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002. *
  Notes:
 (1)
              Previously
      filed as an exhibit to our Registration Statement on Form SB-2 originally
      filed on April 13, 2006.(2)
              Previously
      filed as an exhibit to our Current Report on Form 8-K filed July 3,
      2007.(3)
              Previously
      filed as an exhibit to our Quarterly Report on Form 10-QSB filed July 16,
      2007.(4)
              Previously
      filed as an exhibit to our Current Report on Form 8-K filed September 19,
      2007.(5)
              Previously
      filed as an exhibit to our Current Report on Form 8-K filed May 7,
      2008.(6)
              Previously
      filed as an exhibit to our Annual Report on Form 10-KSB filed December 14,
      2007.(7)
              Previously
      filed as an exhibit to our Current Report on Form 8-K filed August 26,
      2008.(8)
              Previously
      filed as an exhibit to our Current Report on Form 8-K filed October 10,
      2008.*
              Filed
      herewith
 
 30
  SIGNATURES
  In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
 
 VAULT
      TECHNOLOGY, INC.Date:
      December 16, 2008By:
              /s/
      Nick ArroyoNICK ARROYOPresident,
      Chief Executive Officer(Principal
      Executive Officer)
 
 Date:
      December 16, 2008By:
              /s/
      Randy WhiteRANDY WHITESecretary,
      Treasurer, and Chief Financial Officer(Principal
      Accounting Officer)
  In
accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
 
 Date:
      December 16, 2008By:
              /s/
      Nick ArroyoNICK ARROYODirector,
      President  and Chief Executive Officer(Principal
      Executive Officer)
  Date:
      December 16, 2008By:
              /s/
      Randy WhiteRANDY WHITEDirector,  Secretary,
      Treasurer, and Chief Financial Officer(Principal
      Accounting Officer)