SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  ____________________  FORM
10-Q ____________________  [X] QUARTERLY REPORT UNDER SECTION 13 OR 15 ( d ) OF THE
SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended March 31,
2008  [  ] 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 Registrant as specified in
its charter)  Colorado
94-3431032(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 (Registrants telephone number, including
area code)  N/A (Former name, former address and former
fiscal year, if changed since last report)  Indicate by check mark whether the
Registrant has (1) filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 (the Exchange Act) during the preceding
12 months (or for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes [X] No [  ]  Indicate by check mark whether the
Registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company.  See definition of large
accelerated filer, accelerated filer and smaller reporting company in Rule
12b-2 of the Exchange Act.  (Check one):  Large accelerated filer [  ]
     Accelerated filer [  ]
      Non-accelerated filer [
 ]   Smaller reporting company [X]   1    Indicate by
check mark whether the Registrant 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  Indicate by check mark whether the
registrant has filed all documents and reports required to be filed by Sections
12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to 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
Registrants classes of common stock, as of the latest practicable date:
 March 31, 2008 - 72,591,644 shares of common stock.  PART I   Item 1.  Financial Statements  The Financial Statements of the Registrant
required to be filed with this 10-Q Quarterly Report were prepared by management
and commence below, together with related notes. In the opinion of management,
the Financial Statements fairly present the financial condition of the
Registrant.  2       Oak Ridge Micro-Energy, Inc. (Development Stage Company) Condensed Consolidated Balance Sheets  March 31, 2008
(Unaudited)
December 31, 2007
(Audited)AssetsCurrent assetsCash
$1,047,069
$631,680Prepaid expenses
2,227
-Total current assets
1,049,296
631,680Furniture, fixtures and equipment - net
0
498,237Intangible assets - net
16,732
11,170Other long-term assets
2,200
2,200Total assets
$1,068,228
$ 1,143,287Liabilities and Shareholders' EquityAccounts payable
$7,611
$ 39,365Royalty Payable
15,000
15,000Accrued liabilities - related parties
2,353
47,253Total current liabilities
24,964
101,618Shareholders' EquityCommon Stock - 100,000,000 authorized at $0.001 par
value, 72,591,644 issued and outstanding at March 31, 2008 and December
31, 2007
72,592
72,592Additional paid-in capital
17,494,828
17,494,828Deficit accumulated prior to development
stage
(2,319,595)
(2,319,595)Deficit accumulated during development stage
(14,204,561)
(14,206,156)Total shareholders' equity
1,043,264
1,041,669Total liabilities and shareholders equity
$ 1,068,228
$ 1,143,287 See Accompanying Notes to the Financial Statements.  3    Oak Ridge
Micro-Energy, Inc. (Development Stage Company) Condensed Consolidated Statements of
Operations   For the Three Months Ended March
31,
From Reactivation2008
2007
[Jan 1, 1996] to Mar 31,
2008Revenues
$ -
$-
$118,004Operating expenses:General and administrative
78,576
19,221
9,099,425Research and development
25,147
28,134
1,341,775Sales and marketing
409
530
4,924(Gain)/loss on sale of assets
(134,094)
-
4,474,673Depreciation and amortization
33,239
45,884
788,308Total operating expenses
3,277
93,769
15,709,105Operating loss
(3,277)
(93,769)
(15,591,101)Other income/(expenses):Interest and other income
4,872
7,329
111,617Interest expense
-
-
(340,159)Gain on settlement of debt
-
-
1,615,082Total other income/(expenses)
4,872
7,329
1,386,540Net Loss
$ 1,595
$ (86,440)
$ (14,204,561)Basic Weighted Average Shares Outstanding
72,591,644
74,377,707Basic Loss Per Share
$ nil
$ (0.01) See Accompanying Notes to the Financial
Statements   4    Oak Ridge
Micro-Energy, Inc. (Development Stage Company) Condensed Consolidated Cash Flow
Statements    March 31,
From Reactivation2008
2007
[Jan 1, 1996] to Mar 31,
2008Cash flow from operating activities:Net income/(loss)
$ 1,595
$ (86,440)
$ (14,204,561)Depreciation and amortization expense
33,239
45,884
788,307Issuance of stock for expenses and services
-
-
7,256,598(Gain)/loss on disposal of assets

Loss on impairment of assets
(134,094)

-
-

-
4,474,673

2,857Gain on settlement of debt
-
-
(1,615,082)Adjustment to reconcile net income / (loss) to net
cash from operations:

Increase/(decrease) in accounts payable/royalty
payment
(31,754)
(7,601)
401,996(Increase)/decrease in prepaid expenses

Increase/(decrease) in accrued liabilities 
related party
(2,227)

(44,900)
(2,950)

-
(2,227)

(838)Increase/(decrease) in deposits
-
-
(2,200)Net cash from operating activities
(178,141)
(51,107)
(2,900,477)Cash flow from investing activities:Purchase of equipment
-
-
(1,231,601)Purchase of intangible assets

Proceeds from sale of equipment
(6,470)

600,000
-

-
(42,204)

600,000Net cash from investing activities
593,530
-
(673,805)Cash flow from financing activities:Proceeds from stock issued
-
-
4,621,351Net cash from financing activities
-
-
4,621,351  5    Oak Ridge
Micro-Energy, Inc. (Development Stage Company) Condensed Consolidated Cash Flow
Statements    Net change in cash and cash equivalents
415,389
(51,107)
1,047,069Cash and cash equivalents, beginning of
period
631,680
843,178
-Cash and cash equivalents, end of period
$1,047,069
$ 792,071
$ 1,047,069Cash paid for taxes
$0
$0
$0Cash paid for interest
$0
$0
$0 See Accompany Notes to the Financial
Statements   6    Oak Ridge
Micro-Energy, Inc. (a Development Stage Company) Notes to Condensed Consolidated 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.  The
accompanying 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, commercialization and
marketing 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 March 31, 2008, and December 31, 2007, (b) the results of operations
for the three-month periods ended March 31, 2008, and 2007, and (c) cash flows
for the three-month periods ended March 31, 2008, and 2007.  The financial
statements should be read in conjunction with the Companys Annual Report on
Form 10-KSB for the year ended December 31, 2007. The results of operations for the
three-month period ended March 31, 2008, are not necessarily indicative of those
to be expected for the entire year.  Note 2  Basic and Diluted Net Income
(Loss) Per Share  In accordance with
SFAS No. 128, Earnings per Share, loss per common share is based on the
weighted-average number of common shares outstanding.  Diluted  loss
per share is computed  using weighted average number of common shares plus
 dilutive  common share  equivalents  outstanding
 during  the period  using  the treasury stock  method.
 There are no common stock equivalents outstanding, thus, basic and diluted
loss per share calculations are the same. Note 3  Technology License Agreement  On December 28, 2001, the Company entered
into a license and royalty agreement to further develop and market a
rechargeable thin-film lithium battery for use in a variety of applications,
such as, RFID tags for airlines and supply chain management, drug delivery
systems and implantable medical devices, and non-volatile memory backup. The
terms of the agreement included payments of $90,000 in cash and stock of the
Company (completed) and the payment of a 5% royalty on all net sales with
minimum royalties to begin in 2006 as follows:  2006
$20,0002007
$40,0002008 and thereafter
$60,000  As of March 31, 2008, the Company has paid
$5,000 in royalties and accrued a liability of $15,000.  Since the Company
is negotiating new terms to this agreement that will impact the amount owed for
2008 and thereafter, they have not accrued additional liability because it is
not likely the new agreement will require royalties until there are sales to
support the royalty payments.   7    Oak Ridge
Micro-Energy, Inc. (a Development Stage Company) Notes to Condensed Consolidated Financial
Statements    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 Companys outstanding common
stock.  As of March 31, 2008, the Company owed its
President and Chief Executive Officer $2,353 for money loaned to the Company.
 This note is non-interest bearing and payable on demand.  Note 6  Sale of Assets/Leaseback  On March 10, 2008, the Company entered into and completed
an Equipment Purchase Agreement to sell its non-proprietary research and
development equipment to Planar Energy Devices, Inc. This agreement allows the
Company to have continued access to the equipment as may be needed for
prototyping and testing by potential licensees and partners for up to a minimum
of 18 months, at a price of $1,000 per month for the first six months and at a
price to be agreed upon during the next 12 months.  The total purchase
price of the equipment was $600,000, which was paid on closing. Pursuant to FAS
13, the Company has determined  that substantially all of the remaining use
of the property has been relinquished, in that the present value of future
minimum lease payments is less than 10% of the fair value the equipment sold.
 Therefore, the gain has been recognized immediately.  Note 7  Recent Accounting
Pronouncements  In September 2006, the Financial Accounting
Standards Board (FASB) issued Statement of Financial Accounting Standard
(SFAS) No. 157, Fair Value Measurements (SFAS 157). SFAS 157 defines fair
value, establishes a framework for measuring fair value under GAAP and expands
disclosures about fair value measurements.  The Company adopted SFAS 157 on
January 1, 2008 with no impact on the Companys condensed consolidated financial
statements.  In February 2007, the FASB issued SFAS No.
159, The Fair Value Option for Financial Assets and Liabilities  Including an
amendment of FASB Statement No. 115 (SFAS 159).  SFAS 159 allows entities
the option to measure eligible financial instruments at fair value as of
specified dates. Such election, which may be applied on an instrument by
instrument basis, is typically irrevocable once elected.  The Company
elected not to measure any additional financial assets or liabilities at fair
value at the time SFAS 159 was adopted on January 1, 2008.  As a result,
implementation of SFAS 159 had no impact on the Companys condensed consolidated
financial statements.  In December 2007, the FASB issued SFAS No.
141 (revised 2007), Business Combinations (SFAS 141R) and SFAS No. 160,
Noncontrolling Interests in Consolidated Financial Statements, an amendment of
Accounting Research Bulletin No. 51(SFAS 160). SFAS No. 141R requires an
acquirer to measure the identifiable assets acquired, the liabilities assumed
and any noncontrolling interest in the acquiree at their fair values on the
acquisition date, with goodwill being the excess value over the net identifiable
assets acquired.  SFAS No. 160 clarifies that a noncontrolling interest in
a subsidiary should be reported as equity in the consolidated financial
statements. The calculation of earnings per share will continue to be based on
income amounts attributable to the parent. SFAS No. 141R and SFAS No. 160 are
effective for financial statements issued for fiscal years beginning after
December 15, 2008.  Early adoption is prohibited.  The  8    Oak Ridge
Micro-Energy, Inc. (a Development Stage Company) Notes to Condensed Consolidated Financial
Statements    Company has not yet determined the effect
on its consolidated financial statements, if any, upon adoption of SFAS No. 141R
or SFAS No. 160.  Note 7  Recent Accounting Pronouncements
(Continued)  In March 2008, the FASB issued SFAS No.
161, Disclosures about Derivative Instruments and Hedging Activities, an
amendment of FASB Statement No. 133 (SFAS 161). SFAS 161 requires enhanced
disclosures about an entitys derivative instruments and hedging activities
including: (1) how and why an entity uses derivative instruments; (2) how
derivative instruments and related hedged items are accounted for under SFAS 133
and its related interpretations; and (3) how derivative instruments and related
hedged items affect an entitys financial position, financial performance and
cash flows. SFAS 161 is effective for financial statements issued for fiscal
years and interim periods beginning after November 15, 2008, with earlier
application encouraged. The Company has no derivative instruments so the
adoption of SFAS 161 is not expected to have any impact on the Companys
consolidated financial statements and it does not intend to adopt this standard
early.   9


Item 2. Managements Discussions and
Analysis of Financial Condition and Results of Operations.  Plan of Operation  We have developed 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, TN. 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 have now completed our research and
development stage and are entering the next stage in which we will focus our
energy and resources on marketing and licensing the thin-film battery covered by
our various patents to suitable partners across all industries. We have been in
contact with several large-scale, multinational companies who have expressed
interest in our thin-film battery technology.  This step is stage 3 of our
business plan.  We have spent the first several years
focusing on enhancing and improving the original core thin-film battery
technology and have dedicated the facility in Oak Ridge, TN, to research and
development, testing and prototyping. We feel we have reached the stage where
all conceivable improvements and enhancements that would be required for product
integration into the largest and most profitable markets have been accomplished.
Through our testing, we have, among many other accomplishments, replaced the
Lipon, the core of the original thin-film battery; changed the composition of
the thin-film battery; developed a protective coating that makes it more durable
through resistance to oxygen and moisture; improved long-life thin-film battery
packages, including getters and methods for making improved long-life thin-film
battery packages; developed a new anode-cathode combination (the active battery
components which allows for record high temperature cycles of 170 degrees
Celsius; and developed a thin-film battery that operates between 2 V and 1 V.  During the prior several years, numerous
large-scale, multinational companies have contacted us with interest in our TFB
Technology. We believe our unique patented technology is ready for large-scale
production and commercialization into many viable product lines. We intend to
move into a strong and aggressive licensing mode. We plan to retain a top
IP/licensing sales and marketing company, which specializes in licensing
specialized technology to help achieve the goal of integrating the revolutionary
TFB Technology into as many applications and product lines as possible. Oak
Ridge Micro-Energy is currently in discussion with several companies seeking to
integrate our technology into their various product lines and new designs. These
companies have expressed an interest in licensing our proprietary TFB
Technology.  As an integral part of the marketing
process, we are currently considering separating the TFB Technology and
marketing divisions by assigning the TFB Technology to a wholly owned
subsidiary.  This will enable us to continue to pursue technical
advancements to our IP, as well as build a marketing division, which focuses on
licensing our TFB Technology.  We are currently searching for an IP and
license marketing firm, which specializes in reaching industry leaders in our
key target markets and providing research reports and market summaries for
exposure and marketing of our TFB Technology to the various industry markets
that we believe our TFB Technology will enhance and be in demand.   10      On March 10, 2008, we sold our laboratory
equipment to Planar Energy Devices, Inc., with a lease-back arrangement to allow
us to use the equipment for up to 18 months.  Results of Operations  During the quarters ended March 31, 2008, and 2007, we
had net income (loss) of $1,595 and $(86,440), respectively.  We had no
revenues for the three months ended March 31, 2008, or 2007.  For the
period from reactivation to March 31, 2008, we had a net loss of $14,
204,561.  Liquidity  We incurred a net income of $1,595 for the
period ended March 31, 2008. Cash on hand totaled $1,047,069. We believe cash on
hand will be sufficient to finance current business operations for at least the
next 12 months.  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 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.  Quantitative and
Qualitative Disclosures About Market Risk.  Not required.  Item 4T.  Controls and Procedures.  Evaluation of disclosure controls and procedures  Our management, with the participation of our chief
executive officer and chief financial officer, evaluated the effectiveness of
our disclosure controls and procedures as defined in Rule 13a-15(e) under the
Exchange Act as of the end of the period covered by this Quarterly Report on
Form 10-Q.  In designing and evaluating the disclosure controls and
procedures, our management recognized that any controls and procedures, no
matter how well designed and operated, can provide only reasonable assurance of
achieving the desired control objectives.  In addition, the design of
disclosure controls and procedures must reflect the fact that there are resource
constraints and that management is required to apply its judgment in evaluating
the benefits of possible controls and procedures relative to their costs.
 The design of any disclosure controls and procedures also 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.  11       Based on that evaluation, our chief executive officer and
chief financial officer concluded that, as of March 31, 2008, our disclosure
controls and procedures were, subject to the limitations noted above, effective
to provide reasonable assurance that information we are required to disclose in
reports that we file or submit under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in Securities and
Exchange Commission rules, regulations and forms, and that such information is
accumulated and communicated to our management, including our chief executive
officer and chief financial officer, as appropriate, to allow timely decisions
regarding required disclosure.  Changes in internal control over financial reporting  Our management, with the participation of
the chief executive officer and chief financial officer, has concluded there
were no significant changes in our internal controls over financial reporting
that occurred during our last fiscal quarter that has materially affected, or is
reasonably likely to materially affect, our internal control over financial
reporting.  PART II - OTHER INFORMATION   Item 1. Legal Proceedings.  None; not applicable.  Item 1A.  Risk
Factors.  Not required.   Item 2. Unregistered Sales of Equity 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.   Exhibit No.                       Identification
of Exhibit  31


32
Certification Pursuant to Section 302 of the
Sarbanes-Oxley Act provided by Mark L. Meriwether, President and
Director.

Certification Pursuant to 18 U.S.C. Section 1350,
as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
provided by Mark L. Meriwether, President and Director.   12       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 thereunto duly authorized  Oak Ridge Micro-Energy,
Inc.  Date:
May 20, 2008

By:
/s/Mark L. MeriwetherMark L. Meriwetherl, President and Director        13