U. S. Securities and Exchange Commission
                         Washington, D. C.  20549

                              FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the quarter ended March 31, 2002
                           --------------

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from               to
                                    -------------    -------------

                        Commission File No. 033-20344-LA
                                            ------------

                          OAK RIDGE MICRO-ENERGY, INC.
                          ----------------------------
              (Name of Small Business Issuer in its Charter)

         COLORADO                                           84-1077242
         --------                                           ----------
(State or Other Jurisdiction of                     (I.R.S. Employer I.D. No.)
 incorporation or organization)

                           3046 E. Brighton Place
                         Salt Lake City, Utah 84121
                         --------------------------
                 (Address of Principal Executive Offices)

                Issuer's Telephone Number:  (801) 201-7635

     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 Company was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

     (1)   Yes  X     No            (2)   Yes X      No
               ---      ---                  ---      ---

                 (APPLICABLE ONLY TO CORPORATE ISSUERS)

          Indicate the number of shares outstanding of each of the Issuer's
classes of common stock, as of the latest practicable date:

       Class              Outstanding as of March 31, 2002

Common stock , $0.001                78,879,078
<PAGE>
2                              INDEX
                                                                 Page
PART I.                                                          Number

     ITEM 1.   Financial Statements (unaudited)                     3

               Balance Sheets                                       4
                March 31, 2002 and December 31, 2001

               Statements of Operations
                For the three months ended March 31, 2002           5
                and 2001 and the period from January 1, 1996
                to March 31, 2002

               Statements of Cash Flows
                For the three months ended March 31, 2002           6
                and 2001 and the period from January 1, 1996 to
                March 31, 2002

               Notes to Financial Statements                        7

     ITEM 2.   Plan of Operations                                  10

PART II

               Signatures                                          11
<PAGE>

                  PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.

The accompanying balance sheet of Oak Ridge Micro-Energy, Inc.  (development
stage company) at March 31, 2002 and the related consolidated statements of
operations and of cash flows for the three months ended March 31, 2002
and 2001 and the period January 1, 1996 to March 31, 2002, have been
prepared by the Company's management and they do not include all information
and notes to the financial statements necessary for a complete presentation of
the financial position, results of operations, cash flows, in conformity with
generally accepted accounting principles.  In the opinion of management, all
adjustments considered necessary for a fair presentation of the results of
operations and financial position have been included and all such adjustments
are of a normal recurring nature.

Operating results for the quarter ended March 31, 2002, are not necessarily
indicative of the results that can be expected for the year ending December
31, 2002.
                                3
<PAGE>
<TABLE>
               OAK RIDGE MICRO-ENERGY, INC. AND SUBSIDIARY
                     CONSOLIDATED BALANCE SHEETS
                  March 31, 2002 and December 31, 2000
<CAPTION>
                                                    Mar 31,     Dec. 31,
                                                    2002           2001

ASSETS
<S>                                             <C>            <C>
CURRENT ASSETS

 Cash                                        $    25,140    $     3,493
                                             -----------    -----------
         Total Current Assets                     25,140          3,493
                                             -----------    -----------
OPTION-note 3                                     10,000              -
                                             -----------    -----------
                                             $    35,140    $     3,493
                                             ===========    ===========
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

    Accounts payable - related party         $    16,550    $         -
    Accounts payable                               7,505          3,218
                                             -----------    -----------
     Total Current Liabilities                    24,055          3,218
                                             -----------    -----------
STOCKHOLDERS' EQUITY

 Common stock
      100,000,000 shares authorized at $.001 par
      value; 78,879,078 issued and outstanding
      On March 31; 78,580,060 on Dec 31           78,879         78,580
 Capital in excess of par value                5,741,726      5,732,025
 Stock subscriptions received-note 6             145,000         75,000
 Accumulated deficit -note 1                  (5,954,520)    (5,885,330)
                                             -----------    -----------
   Total Stockholders' Equity                     11,085            275
                                             -----------    -----------
                                             $    35,140    $     3,493
                                             ===========    ===========
</TABLE>
 The accompanying notes are an integral part of these financial statements.
                                4
<PAGE>
<TABLE>
                OAK RIDGE MICRO-ENERGY, INC. AND SUBSIDIARY,
                    CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months Ended March 31, 2002 and 2001 and the Period
January 1, 1996 (date of inception of development stage) to March 31, 2002
<CAPTION>
                                         Three Months Ended        Period
                                             March 31,          Jan 1, 1996
                                          2002        2001   to Mar 31, 2002
<S>                                         <C>      <C>        <C>
REVENUES                                     $      - $      -   $       -
                                             -------- --------   ---------
EXPENSES

   Research and development                    40,700        -     138,200
   Administrative                              28,490    1,315     162,881
   Interest                                         -        -     340,159
                                             -------- --------   ---------
NET LOSS - before other income and expense    (69,190)  (1,315)   (641,240)

OTHER INCOME AND EXPENSE

   Loss of assets                                   -        -  (4,608,767)
   Gain on settlement of debt                       -        -   1,615,082
                                             -------- --------  ----------
NET PROFIT (LOSS)                            $(69,190)$ (1,315)$(3,634,925)

NET PROFIT (LOSS) PER COMMON
 SHARE

    Basic                                    $      - $      -
                                             -------- --------
AVERAGE OUTSTANDING
   SHARES

        Basic (stated in 1000's)               78,879   77,005
                                             -------- --------
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                5
<PAGE>
<TABLE>
                 OAK RIDGE MICRO-ENERGY, INC. AND SUBSIDIARY
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Three Months Ended March 31, 2002 and 2001 and the period January
1, 1996 (date of inception of development stage) to March 31, 2002
<CAPTION>
                                         Three Months Ended       Period
                                             March 31,        Jan 1, 1996
                                          2002        2001   to Mar 31, 2002
<S>                                       <C>      <C>        <C>
CASH FLOWS FROM
 OPERATING ACTIVITIES

 Net profit (loss)                         $(69,190)  $ (1,315) $ (3,634,925)

 Adjustments to
 reconcile net loss to
 net cash provided by
 operating activities

    Change in accounts  payable              20,837      1,315       390,247
    Issuance of common stock for expenses
    and contribution to capital for expenses      -          -        91,133
    Loss of assets                                -          -     4,608,767
    Gain on settlement of debt                    -          -    (1,615,082)
                                           --------  ---------  ------------
          Net Cash From (Used)
          in Operations                     (48,353)         -      (159,800)


CASH FLOWS FROM INVESTING
 ACTIVITIES                                       -          -             -

CASH FLOWS FROM FINANCING
 ACTIVITIES

 Stock subscriptions received-note 6         70,000          -       145,000
 Proceeds from stock issued                       -          -        40,000
                                          ---------  ---------  ------------

Net Increase in cash                         21,647          -        25,140

Cash at Beginning of Period                   3,493          -             -
                                          ---------  ---------  ------------
Cash at End of Period                     $  25,140  $       -  $     25,140
                                          =========  =========  ============
NON CASH FLOWS FROM OPERATING AND INVESTING ACTIVITIES

Issuance of 298,980 shares common stock for services - 1996     $     20,933
Issuance of 16,687,300 shares common stock for services and
expenses - 2000                                                       55,200
Issuance of 94,815,920 shares common stock for settlement of
debt - 2000                                                          174,490
Contribution to capital-expenses                                      15,000
Issuance of 1,750,000 shares common stock for payment of debt - 2001  48,716
Issuance of 23,049,018 shares common stock for all shares of
subsidiary - 2002                                                          -

</TABLE>
The accompanying notes are an integral part of these financial statements.
                                6
<PAGE>
               OAK RIDGE MICRO-ENERGY, INC. AND SUBSIDIARY
                  NOTES TO FINANCIAL STATEMENTS

1. ORGANIZATION

The Company was incorporated on August 15, 1986 under the laws of the state of
Colorado, with the name "Vates Corp." with authorized common stock of
100,000,000 shares with no par value and authorized preferred stock of
10,000,000 shares with a par value of $0.10.  On June 6, 1991, the name was
changed to "O.T.S. , Holdings , Inc." and on April 17, 2001  the name was
changed to "Global Acquisitions, Inc."   On March 6, 2000 the authorized
common stock was changed to a par value of $.001

Since inception, the Company has completed several acquisitions in connection
with three reverse stock splits resulting in its present capitalization. This
report has been prepared showing the name change and the after stock split
shares with a par value of $.001 from inception.

The Company, and its subsidiary, have acquired an option to purchase the
rights to further develop a rechargeable thin-film lithium battery for use in
a variety of applications, such as, semiconductor and computer manufacturers,
and implantable medical devices.  (Note 3)

The Company became inactive after 1995 and is considered to be in the
development stage after that date.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Methods

The Company recognizes income and expenses based on the accrual method of
accounting.

Dividend Policy

The Company has not yet adopted a policy regarding payment of dividends.

Income Taxes

On March 31, 2002, the Company had accumulated net operating losses of
$5,954,520.  The tax benefit of approximately $1,786,356 from the loss
carry forward has been fully offset by a valuation reserve because the use of
the future tax benefit is doubtful since the Company has no operations.  The
net operating loss will expire in 2022.

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in
accordance with generally accepted accounting principles.  Those estimates and
assumptions affect the reported amounts of the assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenues and
expenses.  Actual results could vary from the estimates that were assumed in
preparing the financial statements.

Research and Development

All costs of research and development are expensed as incurred.
                                7
<PAGE>

           OAK RIDGE MICRO-ENERGY,  INC. AND SUBSIDIARY
                   NOTES TO FINANCIAL STATEMENTS

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES-continued

Principals of Consolidation

The consolidated financial statements shown in this report includes the assets
and liabilities of Oak Ridge Micro-Energy, Inc. (parent) and Oak Ridge Micro-
Energy Inc. (subsidiary)

All intercompany transactions have been eliminated

Financial Instruments

The carrying amounts of financial instruments, including  the accounts
payable, are considered by management to be their estimated fair values.

Basic Net Income (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted
average number of shares actually outstanding, after the  stock splits.

Comprehensive Income

The Company adopted Statement of Financial Accounting Standards No. 130. The
adoption of this standard had no impact on the total stockholder's equity.

Other Recent Accounting Pronouncements

The Company does not expect that the adoption of other recent accounting
pronouncements will have a material impact on its financial statements.

3.  OPTION  AGREEMENT

On December 28, 2001 the subsidiary acquired an option to purchase the  rights
for the further development of a rechargeable thin-film lithium battery for
use in a variety of applications, such as,  semiconductor and  computer
manufacturers  (excepting portable computers),  and implantable medical
devices, by the payment of $10,000 to UT Battelle LC.

The option may be exercised by the payment of $100,000 before December 31,
2002 and the payment of a 5% royalty on all net sales.

                                8
<PAGE>

           OAK RIDGE MICRO-ENERGY,  INC. AND SUBSIDIARY
                   NOTES TO FINANCIAL STATEMENTS

4.  PURCHASE OF ALL SHARES OF OAK RIDGE MICRO-ENERGY INC.

During January 22, 2002 an officer returned 22,750,000 common shares to the
Company for cancellation with no consideration in connection with the issuance
of 23,049,018 common shares for the acquisition of all of the outstanding
stock of Oak Ridge Micro-Energy, Inc.(subsidiary) and as part of the
acquisition the Company changed its name to Oak Ridge Micro- Energy, Inc.
(parent) on February 13, 2002.
Oak Ridge Micro-Energy, Inc.(subsidiary) was organized under the laws of the
state of Nevada on December 12, 2001 for the purpose of the further
development of a rechargeable thin-film lithium battery for use in a variety
of applications, such as,  semiconductor and  computer manufacturers,   and
implantable medical devices through an option to purchase the rights from UT
Battelle LLC.  The subsidiary  has had no operations and its only asset is the
option outlined above which was recorded at its cost of $10,000.  (Note 3)

The acquisition has been recorded  under the purchase method of reporting with
no good will recognized.

5.  RESEARCH AND DEVELOPMENT

On November 12, 2001 the Company entered into a research and development
agreement to further develop the thin film battery outlined in note 4.  The
terms of the agreement includes the lease of equipment to be used in the
development process and the payment of consulting fees and expenses during the
development process. If the development process is successful the Company may
purchase the license for a payment of $50,000, and the issuance of 2,000,000
common shares of the Company,  toward  a purchase price to be negotiated by
the parties.

The terms of the agreement includes payments as follows;
       Lease of equipment for six months at $35,000 and after six months at
         $5,000 per month.
       Consultant fees at $5,000 per week, plus expenses, to continue for a
         period to be determined by the parties.

The agreement may be terminated by the Company at any time with no further
obligation.

On March 31, 2002 all of the terms of the agreement had been complied with.

6.  COMMON CAPITAL STOCK

During December 2001 the Company completed a private placement of 200,000
common shares for $40,000.
Common shares have been returned and canceled and new shares have been issued
to officers-directors as outlined in note 4.
The Company received stock subscriptions of $75,000 for the purchase of
375,000 common shares, to be issued in June 2002,  under a private placement.
During March 2002 the Company completed a private placement memorandum for the
sale of 400,000 to 2,000,000 common shares at $.25.  On the date of this
report the Company had received $70,000 for the purchase of 280,000
common shares, to be issued in June 2002.

                                9
<PAGE>

           OAK RIDGE MICRO-ENERGY,  INC. AND SUBSIDIARY
                   NOTES TO FINANCIAL STATEMENTS

7.  SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Officers-directors (and their families) and their controlled entities have
acquired  86% of the outstanding common stock.
During 2000 and 2001 the Company issued 96,565,920 common shares for the
payment of debt of $223,206 due an officer.
During 2000 the Company issued 16,687,300 common shares for services and
expenses provided by officers of $55,200.
On December 21, 2001 an officer returned 40,000,000 post split common shares
to the Company for cancellation with no consideration.
On January 25, 2002 an officer returned 22,750,000 common shares to the
Company for cancellation with no consideration in connection with the issuance
of 23,049,018 common shares for the acquisition of all of the outstanding
stock of Oak Ridge Micro-Energy, Inc. (Note 4)

8.   RECISSION OF ACQUISITION OF  SUBSIDIARY

On February 18, 2000, the Company acquired all of the outstanding stock of
"Thin Battery, Inc"., a Nevada corporation through a stock for stock exchange
agreement.
On February 14, 2001 the acquisition of Thin Film Battery, Inc. (subsidiary)
was mutually recinded and the stock issued in connection with the acquisition
was returned to the Company and canceled.
This report has been prepared showing the rescission of the acquisition
retroactively.

9.  GOING CONCERN

The Company  acquired an option to further develop a thin-film battery which,
in the opinion of management, will provide a profit to the Company, however
there is insufficient working capital for the future planned activity.
Continuation of the Company  as a going concern is dependent upon obtaining
additional working capital and the management of the Company has developed a
strategy, which it believes will accomplish this objective through the
additional equity funding outlined in note 6  which will enable the Company to
conduct operations for the coming year.
                                10
<PAGE>
Item 2.   Plan of Operation.
----------------------------

     Our Plan of Operations for the next 12 months involves locating new
principal executive offices; opening, staffing and equipping a research and
development center to conduct further research and development of thin-film
battery technology; and locating a manufacturing partner for the manufacturing
of thin-film batteries.

     We have raised approximately one-half of our first year's needs in
funding from our private placement of "restricted securities" that commenced
on March 1, 2002, and we anticipate concluding that offering within the next
30 days.  Estimated net proceeds of approximately $490,000 from this offering
should fund our planned operations for the next six to 10 months.

Results of Operations.
----------------------

     The Company had no revenues or operations during the three months ended
March 31, 2002 or 2001, with accrued expenses $28,490 and $1,315 for
administrative expenses, and $40,700 and $0 for research and development
resulting in a loss of ($69,190) and ($1,315) in the respective quarters ended
March 31, 2002 and 2001.

     The Company had $25,140 in cash assets, with current liabilities of
$24,055, for the quarter ended March 31, 2002.

Liquidity.
----------

     The Company had $25,140 cash or liquid resources during the quarter ended
March 31, 2002, and expenses were paid by an advance by a principal
stockholder.

     We estimate receiving net proceeds of approximately $490,000 from out
current private offering by the end of next quarter, which should fund our
operations for six to 10 months.

     The Company will need additional working capital to be successful in its
planned endeavors.

Forward Looking Statement.
--------------------------

     Statements made in this Form 10-QSB which are not purely historical are
forward-looking statements with respect to the goals, plan objectives,
intentions, expectations, financial condition, results of operations, future
performance and business of the Company, including, without limitation, (i)
our ability to gain a larger share of the thin film battery industry, our
ability to continue to develop products acceptable to the industry, our
ability to retain relationships with suppliers and distributors, our ability
to raise capital, and the growth of the thin film battery industry, and (ii)
statements preceded by, followed by or that include the words "may", "would",
"could", "should", "expects", "projects", "anticipates", "believes",
"estimates", "plans", "intends", "targets" or similar expressions.

     Forward-looking statements involve inherent risks and uncertainties, and
important factors (many of which are beyond the Company's control) that could
cause actual results to differ materially from those set forth in the
forward-looking statements, including the following, in addition to those
contained in the Company's reports on file with the SEC: general economic or
industry conditions, nationally and/or in the communities in which the Company
conducts business, changes in the interest rate environment, legislation or
regulatory requirements, conditions of the securities markets, changes in the
thin film battery industry, the development of products and that may be
superior to the products and services offered by the Company, demand for thin
film batteries, competition, changes in the quality or composition of the
Company's products and services, our ability to develop new products and
services, our ability to raise capital, changes in accounting principles,
policies or guidelines, financial or political instability, acts of war or
terrorism, other economic, competitive, governmental, regulatory and technical
factors affecting the Company's operations, products, services and prices.

     Accordingly, results actually achieved may differ materially from
expected results in these statements.  Forward-looking statements speak only
as of the date they are made.  The Company does not undertake, and
specifically disclaims, any obligation to update any forward-looking
statements to reflect events or circumstances occurring after the date of such
statements.

                        PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.
----------------------------

          None; not applicable.

Item 2.   Changes in Securities and Use of Proceeds.
---------------------------------------------------

          None; not applicable.

Item 3.   Defaults Upon Senior Securities.
------------------------------------------

          None; not applicable.

Item 4.   Submission of Matters to a Vote of Security Holders.
--------------------------------------------------------------

          None; not applicable.

Item 5.   Other Information.
----------------------------

          None; not applicable.

Item 6.   Exhibits and Reports on Form 8-K.
-------------------------------------------

          (a)  Exhibits.

               None.

          (b)  Reports on Form 8-K.

          8-K Current Report dated January 15, 2002, and filed with the
Securities and Exchange Commission on January 24, 2002.**

          8-K/A-1 Current Report dated January 15, 2002, and filed with the
Securities and Exchange Commission on March 8, 2002.**

          8-K/A-2 Current Report dated January 15, 2002, and filed with the
Securities and Exchange Commission on March 11, 2002.**


                            SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by
the undersigned there unto duly authorized.

                                       OAK RIDGE MICRO-ENERGY, INC.



Date: 5/14/02                          By/s/Mark Meriwether
                                       --------------------------------------
                                       Mark Meriwether
                                       President