Spongetech Delivery Systems Inc (fka SPNGQ)

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SPONGETECH DELIVERY SYSTEMS, INC.


STATEMENTS OF OPERATIONS
Unaudited


For the nine months ended
February 28, 2009 February 29, 2008

Revenue $ 31,050,633 $ 1,560,680

Cost of goods sold 13,356,917 209,132

Gross profit 17,693,716 1,351,548

Operating Expenses
Advertising and promotion 10,178,479 931,300
Selling, general and administrative 1,064,548 210,441
Research and development 151,590 0
Depreciation and amortization 99,632 12,657

Total operating expenses 11,494,249 1,154,398

Income from operations 6,199,467 197,150

Other-interest 4 0

Income before provision for income taxes 6,199,471 197,150

Provision for income taxes 1,289,011 0

Net income $ 4,910,460 $ 197,150

Net income per share from continuing operations:
Basic and diluted $ .01 $ .00
Weighted average number of shares outstanding:
Basic and diluted 714,440,927 123,793,979



The accompanying notes are an integral part of these statements
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549


FORM 10-Q


x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

for the quarterly period ended February 28, 2009


o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934


Commission file No. 333-123015


Spongetech Delivery Systems, Inc.
(Exact name of registrant as specified in its charter)


Delaware 54-2077231
(State of incorporation) (I.R.S. Employer Identification Number)
OA,you are beating a dead horse this is the bottom line statement,the 10q