UNITED STATES 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 quarterly period ended September 30, 2007 [  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d)OF THE EXCHANGE ACT For the transition period from ____________ to____________ Commission File No. 000-50032 OAK RIDGE MICRO-ENERGY, INC. (Exact name of small business issuer as specified in its charter)   Colorado94-3431032(State or Other Jurisdiction of(I.R.S. Employer Identification No.)incorporation or organization)  275 Midway Lane Oak Ridge, TN 37830 (Address of Principal Executive Offices)  (801) 556-9928 (Issuers Telephone Number)  N/A (Former name, former address and former fiscal year, if changed since last report)  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 Issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]  Indicate by check mark whether the Issuer is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]  APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS  Not applicable.   1    Check whether the Issuer filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.  Not applicable.  APPLICABLE ONLY TO CORPORATE ISSUERS  Indicate the number of shares outstanding of each of the Issuers classes of common equity, as of the latest practicable date: September 30, 2007 - 72,591,644 shares of common stock.  Transitional Small Business Disclosure Format (Check one): Yes [  ] No [X]    PART I - FINANCIAL INFORMATION  Item 1. Financial Statements.    2       Oak Ridge Micro-Energy, Inc.(A Development Stage Company)Condensed Balance SheetSeptember 30, 2007December 31, 2006Assets(unaudited)(audited)Current AssetsCash$ 683,721$ 843,178Total Current Assets683,721843,178Fixed AssetsFurniture, Fixtures and Equipment - net541,252673,070Total Fixed Assets541,252673,070Other AssetsIntangible Assets - net9,07813,679Other Long-Term Assets2,2002,200Total Other Assets11,27815,879Total Assets$ 1,236,251$ 1,532,127Liabilities and Shareholders' EquityCurrent LiabilitiesAccounts Payable26,29069,625Accrued Liabilities15,0000Accrued Liabilities - Related Parties47,2533,191Total Liabilities88,54372,816Shareholders' EquityCommon Stock - 100,000,000 authorized at $0.001 par value, 72,591,644 and 74,377,707 issued and outstanding for September 30, 2007 and December 31, 2006, respectively72,59274,378Additional Paid in Capital17,494,82817,356,796Deficit Accumulated Prior to Development Stage(2,319,595)(2,319,595)Deficit Accumulated During Development Stage(14,100,117)(13,652,268)Total Shareholders' Equity1,147,7081,459,311Total Liabilities and Equity$ 1,236,251$ 1,532,127           See accompanying notes to Financial Statements        Oak Ridge Micro-Energy, Inc.(A Development Stage Company)Condensed Statement of OperationsThree Months EndedNine Months EndedFrom Inception Jan 1, 1996 to Sept 30, 2007Sept. 30, 2007Sept. 30, 2006Sept. 30, 2007Sept. 30, 2006Revenues$ -$ -$ -$ 538$ 118,004Operating ExpensesGeneral and Administrative184,06235,134246,7171,423,8188,978,238Research and Development29,48224,94385,874165,1921,288,375Sales and Marketing2403107703104,225Depreciation and Amortization44,68045,597136,418135,387713,599Total operating expenses258,464105,984469,7791,724,70810,984,437Operating (Loss)(258,464)(105,984)(469,779)(1,724,170)(10,866,433)Other Income/(Expenses)Interest and Other Income6,8624,67221,93015,371100,160Interest Expense----(340,159)Loss of Assets----(4,608,767)Gain on Settlement of Debt----1,615,082Total Other Income/(Expenses)6,8624,67221,93015,371(3,233,684)Net Loss$ (251,602)$ (101,312)$ (447,849)$ (1,708,799)$ (14,100,117)Loss Per Share - Basic$ (0.01)$ (0.01)$ (0.01)$ (0.02)Average Common Shares Outstanding73,921,26974,200,70774,226,12271,163,207     See accompanying notes to Financial Statements         Oak Ridge Micro-Energy, Inc.(A Development Stage Company)Condensed Cash Flow StatementsFor the Nine Months Ended Sept. 30, 2007For the Nine Months Ended Sept. 30, 2006From Inception January 1, 1996 to June 30, 2007Cash Flow from Operating ActivitiesNet Income/(Loss)$ (447,849)$(1,708,799)$ (14,100,117)Increase/(Decrease) in Accounts Payable(43,335)(5,674)405,674Increase/(Decrease) in Accrued Liabilities59,063(4,322)59,068Increase/(Decrease) in Deposits--(2,200)Depreciation and Amortization Expense136,418135,387713,599Issuance of Common Stock for Expenses and Contributions136,2461,345,7627,256,593Loss on Disposal of Assets--4,608,767Gain on Settlement of Debt--(1,615,082)Net Cash from Operating Activities(159,457)(237,646)(2,673,698)Cash Flow from Investing ActivitiesPurchase of Equipment-(103,240)(1,231,601)Purchase of Intangible Assets-(456)(32,331)Net Cash from Investing Activities-(103,696)(1,263,932)Cash Flow from Financing ActivitiesProceeds from Stock Issued--4,621,351Net Cash from Financing Activities--4,621,351Net Increase/(Decrease) in Cash and Equivalents$ (159,457)$ (341,341)$ 683,721Cash and Equivalents, Beginning of Period843,1781,232,594-Cash and Equivalents, End of Period$ 683,721891,253$ 683,721Supplemental Cash Flow Information:Cash Paid for Taxes$ -$ -$ -Cash Paid for Interest$ -$ -$ -         See accompanying notes to Financial Statements


Oak Ridge Micro-Energy, Inc. (A Development Stage Company) Notes to Condensed Financial Statements  Note 1   Description of Business and Liquidity  Oak Ridge Micro-Energy, Inc. (referred to hereafter as "the Company" or "Oak Ridge") was incorporated on August 15, 1986 under the laws of the state of Colorado, with the original name "Vates Corp.".  Since inception, the company has completed six name changes resulting in its present name.  With the 2002 acquisition of its sole subsidiary, Oak Ridge Micro-Energy, Inc., a Nevada Corporation ("Oak Ridge Nevada"), the name of the Company was changed from Global Acquisitions, Inc.  The Company has changed the par value of its stock and effected four stock splits (see note 4).  The accompanying consolidated financial statements have been prepared showing the after spilt effect with a par value of $0.001 since inception.  The Company became inactive after 1995 and is considered to be in the development stage after that date.  The Company's principal operation is the further development and commercialization of the rechargeable thin-film lithium battery.  The interim financial data are unaudited; however, in the opinion of the management of the Company, the interim data includes all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of (a) the financial position at September 30, 2007 (b) the results of operations for the three- month and nine-month periods ended September 30, 2007 and 2006, and (c) cash flows for the  nine-month periods ended September 30, 2007 and 2006.  The financial statements should be read in conjunction with the Company's annual report on Form 10-KSB for the year ended December 31, 2006.  The results of operations for the three-month period ended September 30, 2007 are not necessarily indicative of those to be expected for the entire year.  Note 2   Basic net loss per share  Basic net loss per share is computed based on the weighted average number of common shares outstanding, after the stock splits.  The Company does not currently have any outstanding options, warrants, convertible preferred stock, and/or convertible debt.  Note 3   Technology Licensing Agreement  The Company owns a non-exclusive license from the Department of Energy through their licensor, UT Battelle LLC.  The license pertains to rechargeable thin- film lithium batteries.  The initial payment was made in 2002 for $10,000.  A second payment of $10,000 was made in the first quarter of 2003.  Additional payments of $40,000 and $20,000 in common stock based upon market value, which at the time of issuance equaled 47,619 shares of common stock were paid during the third quarter of 2004.  An additional payment of $5,000 was made during the first quarter of 2007.  The Company still owes an additional $15,000.  An incremental royalty fee of five percent applies to all net sales of products incorporating the licensed technology.  Note 4   Stockholders' Equity  The Company's only issued and authorized equity shares consist of common stock, par value $0.001.  Effective June 1, 2004, the Company effected a one to three forward split of its outstanding common stock, while retaining the current par value of $0.001.  The accompanying financial statements have been prepared retroactively showing the after spilt effect with a par value of $0.001 since inception.  Note 5   Related Parties  Officers-directors (and their families) and their controlled entities have acquired 45% of the outstanding common stock.  6      As of September 30, 2007, the Company owed its President and Chief Executive Officer, $47,253 for money loaned to the Company.  This note is non-interest bearing and payable on demand.  Note 6   Lawsuit  On July 26, 2007, Oak Ridge Micro-Energy, Inc., (the Company) settled its lawsuit against Timothy Rock, Andrew Goodell, Water & Gold, Inc. and Jeffery Kohutka, (the Defendants), which was commenced on August 27, 2004, resulting in all shares that were subject to the preliminary injunction to be immediately returned to the Company.  The Company and the Defendants also compromised all claims each had against the other; and the earlier orders finding violations by the Defendants of applicable securities laws, rules or regulations were vacated.  See the Companys initial 8-K Current Report dated December 22, 2004, which was filed with the Securities and Exchange Commission on January 6, 2005.  Of the 4,744,800 shares were subject to litigation, 2,840,880 were transferred to attorneys for legal fees expensed at $150,000, 117,857 were transferred to consultants and expensed at $6,246 and 1,786,063 were returned to treasury.  Of the 4,744,800 shares that were subject to litigation, 2,840,880 were transferred to attorneys valued at approximately $.05/share to cover legal fees of $150,000, 117,857 were transferred to consultants valued at approximately $.05/share to cover consulting fees of $6,246 and 1,786,063 were cancelled.  Details of the case are as follows:  On August 27, 2004, Oak Ridge Micro-Energy, Inc. commenced an action against Timothy Rock, Andrew Goodell, Water & Gold, Inc. and Jeffrey Kohutka in the Third Judicial District Court, State of Utah, County of Salt Lake, Case No. 040918223.   Oak Ridge asserted claims against these individuals for violations of Utah's Uniform Securities Act, Utah Code Ann. Section 61-1-1 et seq.; Fraudulent Inducement and Conspiracy to Defraud; Misappropriation and conversion; and Breach of Contract.  Oak Ridge also sought a Preliminary and Permanent Injunction against defendants enjoining them from selling, transferring or otherwise encumbering any of the shares these individuals had obtained from Oak Ridge pending the outcome of the case.  On September 1, 2004, Oak Ridge obtained a Temporary Restraining Order against Messrs. Rock, Goodell, Kohutka and Water & Gold enjoining those individuals, entities and their agents from attempting to sell, assign or encumber or selling, assigning or encumbering any Oak Ridge stock owned by them or their agents.  On November 5, 2004, the defendants filed an Answer and Counterclaim against Oak Ridge and its President, Mark Meriwether alleging violation of the Utah Uniform Securities Act, Utah Code Ann. Section 61-1-1 et seq. against Meriwether and Oak Ridge, and Breach of Contract against Oak Ridge.  On December 21 and December 22, 2004, the Court held a Preliminary Injunction Hearing on Oak Ridge's request to enjoin the defendants from transferring, selling or otherwise encumbering their shares pending the outcome of the case. After the two-day hearing in which evidence was presented by both sides, the Court issued Findings of Fact and Conclusions of Law.  In its Findings, the Court determined that an injunction was appropriate.  The Court specifically found that Oak Ridge had established a substantial likelihood of prevailing on the merits of its claims that defendants Rock, Goodell, Water & Gold and Kohutka violated Utah's Uniform Securities Act, Utah Code Ann. Section 61-1-1; that if the injunction was not issued, Oak Ridge would be irreparably harmed; that the harm to Oak Ridge in the event an injunction was not issued would not outweigh any harm to Rock, Goodell, Kohutka and Water & Gold; and that the public interest would not be affected by the granting of the Preliminary Injunction.  The Court also ordered Oak Ridge to post a $100,000 bond.  Evidence presented at the hearing detailed 4,744,800 shares that were the subject of the Preliminary Injunction.  In furtherance of the Court's Preliminary Injunction and at a hearing held on Oak Ridge's Motion on May 10, 2005, the Court verbally ordered defendants Rock, Goodell, Kohutka and Water & Gold to forthwith deliver or cause to be delivered all shares of Oak Ridge common stock that were the subject of the Preliminary Injunction, whether held by the defendants or deposited in their respective brokerage accounts or other repositories, to the Clerk of the Court, to be held by such Clerk until final adjudication of Oak Ridge's legal action.  The Court Order has been reduced to writing and substantially all of the shares that were the subject of such Court Order have been deposited with the Clerk of the said Court.  7     Item 2. Management's Discussion and Analysis of Financial Condition or Plan of Operations. Plan of Operation  Oak Ridge Micro-Energy is developing a new, thin-film lithium battery technology for commercial, consumer, industrial, security and military use. Our corporate objective is to capitalize on delivering solutions for the worlds micro-power needs.  The battery is lithium-based and is manufactured to be thinner than common plastic wrap. Like the larger, traditional lithium batteries that power laptops and cell phones, this lithium battery is also rechargeable. Unlike traditional lithium batteries, the thin-film battery is intended for small, hi-tech, low power applications, some of which have not yet been developed or brought to market.  Current anticipated uses include smart credit cards, security cards, wireless sensors, radio frequency identification tags, chip memory backup and advanced drug delivery devices. Future applications will grow as the availability of thin-film batteries increases.  The technology has evolved over the past decade at the Oak Ridge National Laboratories (ORNL), a U. S. Government laboratory in Oak Ridge, Tennessee. The U. S. Department of Energy has released the technology for commercialization through their licensing agent, UT Battelle LLC. We are one of a number of non-exclusive licensees of this technology. The primary inventor of the technology for ORNL, Dr. John B. Bates, retired from ORNL who is now our Chief Technology Officer and a member of our Board of Directors.  The batteries must be substantially manufactured in the United States, under our licensing agreement (the Licensing Agreement), unless a waiver is obtained. There may be exportation limitations into certain countries; there are no environmental compliance issues that we know of; and raw materials and manufacturing equipment are readily available from several vendors in the United States.  We are developing prototype batteries using our current laboratory-scale hardware. We recently raised additional capital to acquire equipment to manufacture thin-film batteries for pilot production requirements. Prototype batteries will be delivered to a variety of potential clients who desire samples to evaluate for integration into their products. We will likely develop a relationship with a third party manufacturing partner when quantities dictate to preserve capital. Batteries will be shipped directly to our customers, without the need for a distributor, in the short term.  Until such time as our Companys prospective clients have evaluated prototypes and made commitments for commercial quantities of our product, we intend to apply for revenue from U. S. Government grants and research contracts, like similar grants we have received from the Department of Defense. During fiscal 2007, we anticipate that we may have between one and four clients, and would expect that number to grow in future years, as applications and the availability of thin-film batteries increases. Dr. Bates and our staff will continue to advance thin-film technology, which will result in the creation of an intellectual property portfolio for our Company and our shareholders. Currently, we have made patent applications for an improved electrolyte; a new barrier coating to help the battery resist corrosion; to improve the performance of the battery; and to better protect the battery from natural elements.  On August 27, 2004, we commenced an action against Timothy Rock, Andrew Goodell, Water & Gold, Inc. and Jeffrey Kohutka in the Third Judicial District Court, State of Utah, County of Salt Lake, Case No. 040918223. We asserted claims against these individuals for violations of Utahs Uniform Securities Act, Utah Code Ann. Section 61-1-1 et seq.; Fraudulent Inducement and Conspiracy to Defraud; Misappropriation and conversion; and Breach of Contract. The Company settled its lawsuit Oak Ridge Micro-Energy vs. Timothy Rock, Andrew Goodell, Water & Gold Inc. and Jeffery Kohutka.  All shares that were subject to the preliminary injunction were returned to the Company and the earlier orders finding violations by the defendants were vacated.   8     Managements Discussion and Analysis of Financial Condition and Results of Operations  Revenue  For the quarter ended September 30, 2007, the Company had no revenue.  Operating Expenses  Research and development expenses for the three months ended September 30, 2007 were $29,482, compared to $24,943 for the three months ended September 30, 2006. Research and development expense consists mainly of salaries to a small technical staff and materials used in the further development and prototyping of the thin-film lithium battery.  General and Administrative expenses were $184,062 in the third quarter of 2007, compared to $35,134 in the third quarter of 2006. These charges consisted of rent, utilities, travel expenses, legal and professional charges and other miscellaneous charges related to general business operations.  The majority of the increase was due to the professional and consulting fees paid through the issuance of the Companys common stock for the services provided to settle the lawsuit against Timothy Rock, Andrew Goodell, Water & Gold, Inc. and Jeffery Kohutka.  Financial Condition  The interim financial data are unaudited; however, in the opinion of the management of the Company, the interim data includes all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of (a) the financial position at September 30, 2007 (b) the results of operations for the three- month and nine-month periods ended September 30, 2007 and 2006, and (c) cash flows for the nine-month periods ended September 30, 2007 and 2006.  The financial statements should be read in conjunction with the Company's annual report on Form 10-KSB for the year ended December 31, 2006.  The results of operations for the three-month period ended September 30, 2007 are not necessarily indicative of those to be expected for the entire year.  Our Company incurred a net loss of $251,602 for the third quarter of 2007. Cash on hand totaled $683,721. We believe cash on hand will be sufficient to finance current business operations for at least the next 12 months.  Off-Balance Sheet Arrangements  We had no off balance sheet arrangements during the quarter ended September 30, 2007.  Forward-looking Statements  ALL FORWARD-LOOKING STATEMENTS CONTAINED HEREIN, AND SPECIFICALLY UNDER THIS HEADING, ARE DEEMED BY OUR COMPANY TO BE COVERED BY AND TO QUALIFY FOR THE SAFE HARBOR PROTECTION PROVIDED BY THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. STOCKHOLDERS AND PROSPECTIVE STOCKHOLDERS SHOULD UNDERSTAND THAT SEVERAL FACTORS GOVERN WHETHER ANY FORWARD-LOOKING STATEMENT CONTAINED HEREIN WILL BE OR CAN BE ACHIEVED. ANY ONE OF THESE FACTORS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE PROJECTED HEREIN. THESE FORWARD- LOOKING STATEMENTS INCLUDE PLANS AND OBJECTIVES OF MANAGEMENT FOR FUTURE OPERATIONS, INCLUDING PLANS AND OBJECTIVES RELATING TO THE PRODUCTS AND THE FUTURE ECONOMIC PERFORMANCE OF OUR COMPANY. ASSUMPTIONS RELATING TO THE FOREGOING INVOLVE JUDGMENTS WITH RESPECT TO, AMONG OTHER THINGS, FUTURE ECONOMIC, COMPETITIVE AND MARKET CONDITIONS, FUTURE BUSINESS DECISIONS, AND THE TIME AND MONEY REQUIRED TO SUCCESSFULLY COMPLETE DEVELOPMENT PROJECTS, ALL OF WHICH ARE DIFFICULT OR IMPOSSIBLE TO PREDICT ACCURATELY AND MANY OF WHICH ARE BEYOND THE CONTROL OF OUR COMPANY. ALTHOUGH WE BELIEVE THAT THE ASSUMPTIONS UNDERLYING THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN ARE REASONABLE, ANY OF THOSE ASSUMPTIONS  9     COULD PROVE INACCURATE AND, THEREFORE, THERE CAN BE NO ASSURANCE THAT THE RESULTS CONTEMPLATED IN ANY OF THE FORWARD- LOOKING STATEMENTS CONTAINED HEREIN WILL BE REALIZED. BASED ON ACTUAL EXPERIENCE AND BUSINESS DEVELOPMENTS, THE IMPACT OF WHICH MAY CAUSE OUR COMPANY TO ALTER OUR MARKETING, CAPITAL EXPENDITURE PLANS OR OTHER BUDGETS, WHICH MAY IN TURN AFFECT OUR COMPANYS RESULTS OF OPERATIONS IN LIGHT OF THE SIGNIFICANT UNCERTAINTIES INHERENT IN THE FORWARD-LOOKING STATEMENTS INCLUDED HEREIN, THE INCLUSION OF ANY SUCH STATEMENT SHOULD NOT BE REGARDED AS A REPRESENTATION BY OUR COMPANY OR ANY OTHER PERSON THAT THE OBJECTIVES OR PLANS OF OUR COMPANY WILL BE ACHIEVED.  Item 3(a)T. Controls and Procedures.  Managements Annual Report on Internal Control over Financial Reporting  As of the end of the period covered by this Quarterly Report, we carried out an evaluation, under the supervision and with the participation of our President and Secretary, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our President and Secretary concluded that information required to be disclosed is recorded, processed, summarized and reported within the specified periods and is accumulated and communicated to management, including our President and Secretary, to allow for timely decisions regarding required disclosure of material information required to be included in our periodic Securities and Exchange Commission reports. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving their objectives and our President and Secretary have concluded that our disclosure controls and procedures are effective to a reasonable assurance level of achieving such objectives. However, it should be noted that the design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how remote. In addition, we reviewed our internal controls over financial reporting, and there have been no changes in our internal controls or in other factors in the last fiscal quarter that has materially affected our internal controls over financial reporting.  Changes in Internal Control over Financial Reporting  We had no changes in internal control over financial reporting during the quarter ended September 30, 2007.   PART II - OTHER INFORMATION   Item 1. Legal Proceedings.  See Note 6   Lawsuit of our financial statements that accompany this Quarterly Report.  Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.  Recent Sales of Unregistered Securities  We did not sell any unregistered securities during the quarter ended September 30, 2007.  Use of Proceeds of Registered Securities  None; not applicable.  Purchases of Equity Securities by Us and Affiliated Purchasers  None; not applicable.   Item 3. Defaults Upon Senior Securities.  None; not applicable.  10       Item 4. Submission of Matters to a Vote of Security Holders.  None; not applicable.   Item 5. Other Information.  (a) None; not applicable.  (b) Nominating Committee  During the quarterly period ended September 30, 2007, there were no changes in the procedures by which security holders may recommend nominees to the Companys Board of Directors.   Item 6. Exhibits  (a) Exhibits and index of exhibits. 31302 Certification of Mark Meriwether32906 CertificationS-8 Registration Statement filed March 24, 2006**
Exhibit 99.1 Amended and  Restated Employment Agreement of Mark Meriwether**S-8 Registration Statement file December 3, 2003**
Exhibit 99.21: Amended and Restated Employment Agreement of John Bates**8-K Current Report dated May 23, 2003, filed June 9, 2003**Form 8-A Registration Statement filed August 10, 2002**
Exhibit 3: Amended and Restated Articles of Incorporation**10-KSB Annual Report for the year ended December 31, 2003**8-K Current Report dated January 15, 2002, filed January 24, 2002**8-K Current Report dated January 6, 2001, filed February 14, 2001** * Summaries of all Exhibits are modified in their entirety by reference to the actual Exhibit. ** These documents and related Exhibits have previously been filed with the Securities and Exchange Commission and are incorporated herein by this reference.   11       SIGNATURES  In accordance with the requirements of the Exchange Act, the Registrant has caused this Quarterly Report to be signed on its behalf by the undersigned, thereunto duly authorized.  OAK RIDGE MICRO-ENERGY, INC.  Date:November 19, 2007By:/s/Mark L. MeriwetherMark L. Meriwether, President and DirectorDate:November 19, 2007By:/s/John B. BatesJohn B. Bates, CTO and Director    12