UNITED ~~STATESSECURITIES~~STATES SECURITIES AND EXCHANGE ~~COMMISSIONWashington~~COMMISSION Washington, D.C. 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 ~~DECEMBER~~JUNE 3130, ~~2010~~2011

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from _____________ to _____________

COMMISSION FILE NUMBER 333-151867

JETPADS, INC.

(Exact name of Registrant as specified in its charter)



NEVADA	26-2347451
(State or other jurisdiction of incorporation or	(IRS Employer Identification Number)
organization)

650 S. HILL ST. #J-4, LOS ANGELES, CA 90014

(Address of principal executive offices)

(310) 728-6579 (Registrant's telephone number)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 checkmark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

[ x] Yes

[ ]

No ~~(Not Required)~~

Indicate by check mark whether the Registrant is a larger accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “larger accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]

Accelerated filer [ ]

Non-accelerated filer [ ] (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]

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As at ~~February~~June 2230, 2011, there were 10,000,000 common shares issued and outstanding.

PART I – FINANCIAL INFORMATION

ITEM 1. INTERIM FINANCIAL STATEMENTS

The accompanying interim unaudited financial statements of jetPADS, Inc. (a Nevada corporation) (a development stage company) (the “Company”) are condensed and, therefore, do not include all disclosures normally required by accounting principles generally accepted in the United States of America. These statements should be read in conjunction with the Company's most recent audited financial statements for the year ended March 31, ~~2010~~2011, included in a Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on ~~August~~March 914, ~~2010~~ 2012. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying condensed financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying condensed financial statements for the period ended ~~December~~June 3130, ~~2010~~2011, are not necessarily indicative of the operating results that may be expected for the full year ending March 31, ~~2011~~ 2012.

jetPADS, Inc.
(A Development Stage Company)
Balance Sheets (Unaudited)
Balance Sheets
		June 30,		March 31,
		December 31, 2010		March 31, 2010
		2011		2011
		(Unaudited)
ASSETS
Current assets
	Cash	$	-	$	-
	Restricted cash (Note 3)		33,594		36,524
	Restricted cash		51,952		10,758
	Accounts receivable (Note 3)		129,183		41,676
	Accounts receivable, net of allowance of $7,445 and $7,489		17,371		17,473
	Prepaid expenses		-3,871		93,~~500~~854
	Related party receivable (Note 7)		3,222		-
Total current assets			73,194		32,085
Total current assets			165,999		87,700
	Equipment, less accumulated depreciation of $591 and $225		3,173		2,469
Total assets		$	~~165~~76,~~999~~367	$	8734,~~700~~554
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
	Checks drawn in excess of bank balances	$	37,~~120~~477	$	-7,477
	Accounts payable and accrued liabilities		3513,~~875~~289		2116,~~328~~388
	Customer payables (Note 3)		277,982		53,686
	Customer payables		362,193		324,527
	Property owner payables (Note 3)		249,600		106,959
	Property owner payables		280,064		224,401
	Related party payables (Note 7)		61,448		72,948
	Related party payables		70,940		50,948
	Deferred revenue (Note 3)		48,772		27,453
	Deferred revenue		64,729		38,258
Total current liabilities			~~676~~798,~~797~~692		~~282~~661,~~374~~999
Stockholders' deficit
	Common stock, par value $.001, 100,000,000 shares authorized, 10,000,000 shares issued and outstanding		10,000		10,000
	Common stock, par value $0.001; 100,000,000 shares authorized; 10,000,000 shares issued and outstanding		10,000		10,000
	Additional paid-in capital		35,~~988~~520		14,~~519~~758
	Other comprehensive loss		(32148)		-(148)
	Deficit accumulated during the development stage		(524,754)		(206,193)
	Accumulated deficit during the development stage		(737,697)		(642,055)
Total stockholders' deficit			(~~510~~722,~~798~~325)		(~~194~~627,~~674~~445)
Total liabilities and stockholders' deficit		$	~~166~~76,~~999~~367	$	8734,~~700~~554
See accompanying notes to the financial statements
See accompanying notes to the financial statements (unaudited).

jetPADS, Inc.
(A Development Stage Company)
Statements of Operations (Unaudited)
Statements of Operations (unaudited)
		Three Months Ended June 30,
										Period of March 26, 2008 (inception) to December 31, 2010
		2011		2010
		Three months ended December 31,				Nine months ended December 31,
Revenue, net of discounts and refunds		$	48,858	$	54,726
		2010		2009		2010		2009
Cost of services			(32,357)		(21,286)
Revenue, net of discounts and refunds		$	35,731	$	12,821	$	161,384	$	30,424	$	244,952
Net revenue			16,501		33,440
Cost of Services			(15,519)		-		(57,879)		-		(71,986)
Operating expenses
Net revenue			20,212		12,821		103,505		30,424		172,966
	Professional fees		14,150		55,019
Operating Expenses
	Officer compensation		29,071		-
	Professional fees		50,094		21,991		177,380		63,087		311,364
	Bad debt recoveries		(44)		-
	Advertising		1613,~~000~~138		159,~~971~~476		~~46,830~~		~~28,329~~		~~92,528~~
	Travel		2431,~~782~~735		1543,~~952~~445		~~87,384~~		~~15,952~~		~~117,186~~
	Other general & administrative		54,416		14,331		108,465		38,916		168,635
	Other general and administrative		22,995		21,258
Total operating expenses			~~145~~111,~~292~~045		68129,~~245~~198		~~420,059~~		~~146,284~~		~~689,713~~
Other income (expense)
	Interest expense		(1,~~418~~098)		(~~185~~928)		~~(3,189)~~		~~(1,093)~~		~~(8,148)~~
	Interest income		-		-6		6		-		6
	Foreign currency transaction loss		~~(1)~~-		-73		~~(89)~~		-		~~(1,132)~~
	Other income		1,265		-		1,265		2		1,267
Total other income (expense)			(1,098)		(849)
Total other income (expense)			(154)		(185)		(2,007)		(1,091)		(8,007)
Net loss available to common stockholders		$	(95,642)	$	(96,607)
Net loss available to common stockholders		$	(125,234)	$	(55,609)	$	(318,561)	$	(116,951)	$	(524,754)
Other comprehensive income (loss)
Other comprehensive loss
	Foreign currency translation adjustment		-		(99)
	Foreign currency translation adjustment		57		-		(32)		-		(32)
Total comprehensive loss		$	(95,642)	$	(96,706)
Total comprehensive loss		$	(125,177)	$	(55,609)	$	(318,593)	$	(116,951)	$	(524,786)
Basic and diluted loss per common share		$	(0.01)	$	(0.01)
Basic and diluted loss per common share		$	(0.01)	$	(0.01)	$	(0.03)	$	(0.01)
Weighted average shares outstanding			10,000,000		10,000,000
Weighted average shares outstanding			10,000,000		10,000,000		10,000,000		10,000,000
See accompanying notes to the financial statements (unaudited).
See accompanying notes to the financial statements

jetPADS, Inc.
(A Development Stage Company)
Statements of Cash Flows (Unaudited)
Statements of Cash Flows (unaudited)
			Three Months Ended June 30,
							For the period March 26, 2008 (inception) to December 31, 2010
			2011		2010
			Nine months ended December 31,
Cash flows from operating activities
			2010		2009
	Net loss		$	(95,642)	$	(96,607)
Cash flows from operating activities
	Depreciation expense			366		-
	Net loss		$	(318,561)	$	(116,951)	$	(524,754)
	Changes in operating assets and liabilities:
	Changes in operating assets and liabilities:
		Imputed interest on related party payable		762		928
		Imputed interest on related party payable		2,469		432		3,988
		Decrease (increase) in accounts receivable		146		24,594
		Increase in accounts receivable		(87,507)		(80,876)		(129,183)
		Increase (decrease) in allowance for doubtful accounts		(44)		-
		Decrease (Increase) in prepaid expenses		9,500		-		-
		Decrease (increase) in prepaid expenses		(17)		(28,314)
		Increase (decrease) in accounts payable and accrued liabilities		14,547		(9,829)		35,875
		Decrease (increase) in other current assets		-		(2,450)
		Increase in customer payables		224,296		50,186		277,982
		Increase (decrease) in accounts payable and accrued liabilities		(3,099)		(11,276)
		Increase in property owner payables		142,641		131,548		249,600
		Increase in security deposit		-		119,361
		Increase in deferred revenue		21,319		43,315		48,772
		Increase (decrease) in customer payables		37,666		-
Net cash provided by (used in) operating activities				8,704		17,825		(37,720)
		Increase (decrease) in property owner payables		55,663		52,672
Cash flows from investing activities
		Increase (decrease) in related party payables		19,992		-
		Advances to related party		(3,222)		-		(3,222)
		Increase (decrease) in deferred revenue		26,471		23,849
		Decrease (increase) in restricted cash		2,930		(48,432)		(33,594)
Net cash used in operating activities				42,264		82,757
Net cash used in investing activities				(292)		(48,432)		(36,816)
Cash flows from investing activities
Cash flows from financing activities
		Purchase of equipment		(1,070)		-
		Increase in checks drawn in excess of bank balances		3,120		-		3,120
		Decrease (increase) in restricted cash		(41,194)		(60,658)
		Proceeds from related party payables		42,298		30,965		115,639
Net cash provided by (used in) investing activities				(42,264)		(60,658)
		Repayments of related party payables		(53,798)		(393)		(54,191)
Cash flows from financing activities
		Proceeds from sale of common stock		-		-		10,000
		Repayments of related party payables		-		(22,000)
Net cash provided by (used in) financing activities				~~(8,380)~~-		30(22,~~572~~000)		~~74,568~~
Effect of exchange rate on cash				~~(32)~~-		-(99)		~~(32)~~
Net change in cash				-		~~(35)~~-		-
Cash at beginning of period				-		35-		-
Cash at end of period			$	-	$	-	$	-
Supplemental Cash Flow Information:
	Cash paid for interest		$	-336	$	-	$	-
	Cash paid for income taxes		$	-	$	-	$	-
See accompanying notes to the financial statements
See accompanying notes to the financial statements (unaudited).

~~jetPADS~~jetPADs, Inc.

~~(A Development~~Notes ~~Stage~~to ~~Company)~~Unaudited Financial Statements

~~Notes to~~For the ~~Unaudited~~Three ~~Financial~~Month ~~Statements~~Period Ended June 30, 2011

For the Three and Nine Months Ended December 31, 2010 and 2009 and the

Period of March 26, 2008 (Inception) to December 31, 2010

Note 1 – Condensed Financial Statements

The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and for the periods ended ~~December~~ 31June 30, ~~2010~~2011 and for all periods presented have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's March 31, ~~2010~~2011 audited financial statements as reported in Form 10-K. The results of operations for the period ended ~~December~~June 3130, ~~2010~~2011 are not necessarily indicative of the operating results for the full year ended March 31, ~~2011~~2012.

Note 2- Going Concern

The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plans to obtain such resources for the Company include (1) obtaining capital from management and significant stockholders sufficient to meet its operating expenses, and (2) as a last resort, seeking out and completing a merger with an existing operating company. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

jetPADS, Inc.

(A Development Stage Company)

Notes to the Unaudited Financial Statements

For the Three and Nine Months Ended December 31, 2010 and 2009 and the

Period of March 26, 2008 (Inception) to December 31, 2010

Note 3 – Rental Agent Contracts

During the year ended March 31, ~~2010~~2011 and subsequently through ~~December~~June 3130, ~~2010~~2011, the Company has entered into various agreements with vacation property owners to act as a short-term rental agent on behalf of the owners. The agreements allow for the Company to retain a commission of 10% - 60% of the gross rental booking. Since rental contracts between the owners and renters are cancellable up to the point of use of the owners’ properties by the renters, commissions are deferred and recognized as revenue once the renters complete their use of the owners’ properties. The remaining 40%-90% of gross rental bookings, plus applicable taxes paid by the renters, are remitted to the owners upon the renters’ use of the owners’ properties. At the time of booking, renters are required to pay a security deposit that is refundable to them after ensuring no damage was done to the owners’ properties subsequent to use by the renters.

Since inception and as of December 31, 2010, the Company had booked a total of $1,081,291 in gross rental charges, plus booking fees, cleaning fees, and taxes totaling $133,409, resulting in net revenue and deferred revenue of $172,966 and $48,772, respectively. At December 31, 2010, the Company had received total cash of $1,492,267, including $277,982 in refundable security deposits and $85,546 of customer over-payments. Of this amount, $669,810 has been remitted to the property owners, with $249,600 remaining payable to property owners upon renters’ use of the properties. At December 31, 2010, the Company had a balance of $33,594 in restricted cash which represents a restricted cash deficit of $364,805. The restricted cash deficit is calculated by adding the refundable security deposits (customer payables), customer credits and cash payable to property owners, less a receivable due from renters of $129,183 payable prior to the renters’ use of the owners’ properties less the restricted cash on hand. 6

jetPADs, Inc.

Notes to Unaudited Financial Statements

For the Three Month Period Ended June 30, 2011

Note 4 – Subsequent Events

The Company has evaluated subsequent events through the filing date of this document and determined there are no items to disclose.

Note 5 – Income Taxes

The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes. Deferred taxes are normally provided in the financial statements under ASC Topic No. 740 to give effect to the resulting temporary differences which may arise from differences in the bases of fixed assets, depreciation methods, allowances, and start-up costs based on the income taxes expected to be payable in future years. Operating loss carry forwards generated during the ~~period~~three ~~from~~month ~~March~~periods ~~26,~~ended ~~2008~~June ~~(date~~30, of2011 ~~inception)~~and ~~through~~2010 ~~December~~of 31$95, ~~2010~~642 ofand $~~524~~96,~~754~~607, respectively, will begin to expire in ~~2028~~2030, and may be limited by the provisions of Internal Revenue Code Section 382 and other provisions as to their utilization. Deferred tax assets related to the net operating losses and temporary non-deductible deficiencies (if any) of approximately $~~183~~33,~~664~~475 and $33,812, respectively, have been completely offset by a valuation allowance ~~that increased by approximately $111,496 and $40,933 during the nine months ended December 31, 2010 and 2009, respectively~~.

jetPADS, Inc.

(A Development Stage Company)

Notes to the Unaudited Financial Statements

For the Three and Nine Months Ended December 31, 2010 and 2009 and the

Period of March 26, 2008 (Inception) to December 31, 2010

Note 5 – Income Taxes (Cont’d)

The Company follows the provisions of uncertain tax positions as addressed in FASC 740-10-65-1.The Company recognized approximately no increase in the liability for unrecognized tax benefits.

The Company has no tax position at ~~December~~June 3130, ~~2010~~2011 and March 31, ~~2010~~2011 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. No such interest or penalties were recognized during the periods presented. The Company had no accruals for interest and penalties at ~~December~~ 31June 30, ~~2010~~2011 and March 31, ~~2010~~2011. The Company’s utilization of any net operating loss carry forward may be unlikely as a result of its intended activities.

Note 6 – Leases

During the year ended March 31, 2010, the Company entered into a ~~non-cancellable~~ lease for a property which it intends to ~~rent~~sub-lease to customers. The lease requires minimum ~~annual~~monthly rental payments of $847,000 through March 2012. This property resulted in sub-lease revenues totaling $19,190 and $10,235 and deferred revenues totaling $16,829 and $10,235 during the periods ended June 30, 2011 and 2010, respectively. Total rent expense for the three month periods ended June 30, 2011 and 2010 was $23,418 and $21,286, respectively.

Note 7 – Related Party Transactions

~~From~~As ~~inception~~of ~~to December~~June 30, 2011 and March 31, ~~2010~~2011, the Company has ~~received~~a ~~loans~~balance ~~from~~payable to related parties totaling ~~$115,639~~ ~~to fund operations. Of this amount,~~ $5470,~~191~~940 ~~has~~and ~~been repaid leaving a balance payable of~~ $6150,~~448 as of December 31~~948, ~~2010~~respectively. The loans are non-interest bearing, due on demand and as such are included in current liabilities. Imputed interest has been charged to additional paid-in capital at an annual ~~rate rate~~ rate of 6%, resulting in $~~2,469~~762 and $~~432~~928 in interest expense for the ~~nine~~ ~~months~~three ~~ended~~month ~~December~~periods ~~31,~~ended ~~2010~~June ~~and 2009~~30, ~~respectively,~~2011 and $32010,~~988~~ ~~since inception~~respectively.

During the three ~~months~~month period ended ~~December~~June 3130, ~~2010~~2011, the Company ~~advanced~~booked one reservation for a property owned by the Company’s President, totaling $38,~~222~~000. This resulted in ~~funds to~~a ~~establish~~cleaning afee ~~wholly~~and ~~owned~~commission ~~Spanish~~revenue ~~subsidiary~~of $250 and $8,000, respectively. As ~~The~~of ~~loan~~June 30, 2011, there is ~~non-interest bearing~~ ~~and~~no ~~will~~balance bedue ~~eliminated~~to ~~upon~~the ~~establishment~~property owner as a result of ~~the~~these ~~legal~~bookings ~~entity.~~and $1,500 due to one customer representing a refundable deposit.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following plan of operation should be read in conjunction with our financial statements and the notes thereto included elsewhere in this report. Statements contained herein which are not historical facts are forward-looking statements, as that term is defined by the Private Securities Litigation Reform Act of 1995, including statements relating to our plans, objectives, expectations, and intentions. Although we believe that the expectations reflected in such forward-looking statements are reasonable, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. We caution investors that any forward-looking statements made by us are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Such risks and uncertainties include, without limitation: established competitors who have substantially greater financial resources and operating histories, regulatory delays or denials, ability to compete as a start-up company in a highly competitive market, and access to sources of capital.

OVERVIEW

The Company began operations in March 2008, and has secured contracts with homeowners and agents through the contacts and connections of its president and director, Mr. Kanaat. The Company has implemented its brand development strategy by placing key advertisements strategically throughout the Internet.

~~Since inception~~During ~~and~~the asyear ofended ~~December~~March 31, ~~2010,~~2011 ~~the~~and ~~Company~~subsequently ~~had~~through ~~booked~~June a30, ~~total of $1~~2011,~~081,291~~ inthe ~~gross~~Company ~~rental~~has ~~charges,~~entered ~~plus~~into ~~booking~~various ~~fees,~~agreements ~~cleaning~~with ~~fees,~~vacation ~~and~~property ~~taxes totaling~~owners ~~$133,409,~~to ~~resulting~~act inas ~~net~~a ~~revenue~~short-term ~~and~~rental ~~deferred~~agent ~~revenue~~on behalf of ~~$172,966, and~~the ~~$48,772, respectively~~owners. At ~~December~~The ~~31,~~agreements ~~2010,~~allow for the Company ~~had~~to ~~received total~~retain ~~cash~~a commission of ~~$1,492,267,~~10% ~~including~~- ~~$277,982~~60% inof ~~refundable~~the ~~security~~gross ~~deposits~~rental ~~and $85,546~~booking. Since ofrental ~~customer~~contracts ~~over-payments. Of~~between ~~this~~the ~~amount,~~owners ~~$669,810~~and ~~has~~renters ~~been remitted~~are cancellable up to the ~~property~~point of use of the owners,’ ~~with~~properties ~~$85~~by the renters,~~546~~ ~~remaining~~commissions ~~payable~~are todeferred ~~property owners~~and ~~upon~~recognized as revenue once the renters’ complete their use of the owners’ properties. AtThe ~~December~~remaining ~~31,~~40%-90% ~~2010,~~of ~~the Company~~gross ~~had~~rental abookings, ~~balance~~plus ofapplicable ~~$33,594~~taxes inpaid ~~restricted~~by ~~cash~~the ~~which~~renters, ~~represents~~are ~~a restricted~~remitted ~~cash~~to ~~deficit~~the ofowners ~~$364,805. The~~upon ~~restricted~~the ~~cash~~renters’ ~~deficit~~use ~~is calculated~~of bythe ~~adding~~owners’ properties. At the ~~refundable~~time ~~security~~of ~~deposits~~booking, ~~customer~~renters ~~credits~~are ~~and~~required ~~cash payable~~ to ~~property~~pay ~~owners,~~a ~~less~~security adeposit ~~receivable~~that ~~due~~is ~~from~~refundable ~~renters~~to ofthem ~~$129,183 payable~~after ~~prior~~ensuring tono ~~the~~damage ~~renters’~~was ~~use~~done ofto the owners’ properties ~~less~~subsequent ~~the~~to ~~restricted cash~~use onby ~~hand.~~the renters.

The Company’s founder, Mr. Kanaat, has utilized his connections to create a base inventory of secured luxury properties worldwide used in the marketing and advertising of jetPAD Homes. Sales associates and concierge staff will be brought on board as revenues for rentals continue throughout 2011 for the jetPAD Homes program. The Company has launched websites such as www.jetpadsdublin.com, www.jetpadsbahamas.com and www.jetpadslosangeles.com, and is working to launch European villas in Athens, Bahamas, Crete, Cannes, Dubai, Dublin, Florence, Ibiza, Istanbul, Madrid, Mallorca, Mykonos, Rome, Nice, Monte Carlo, Marseilles, and Venice.

The Company is already known for providing homes and condominiums around the world to customers based on a transient rental basis (less than 30 days per rental).

RESULTS OF OPERATIONS

During the three ~~and nine~~ months ended ~~December~~June 3130, ~~2010~~2011, we generated $3548,~~731~~858 ~~and $161,384, respectively,~~ in revenues from the rental of properties, compared to $1254,~~821 and $30~~726,~~424,~~ during the same respective ~~periods~~period in ~~2009, and $244,952 from inception~~2010. For the three ~~and nine~~ month ~~periods~~period ended ~~December~~June ~~31,~~30 ~~2010~~2011, we incurred operating expenses totaling $~~145~~111,~~292 and $420~~045,~~059,~~ ~~respectively,~~ as compared to $68129,~~245 and $146~~198,~~284,~~ during the same respective periods in ~~2009~~2010. Expenses for ~~2010~~2011 have consisted primarily of legal and accounting fees, advertising costs, travel expenses, executive compensation and general and administrative expenses.

~~consisted primarily~~As of ~~legal~~June ~~and~~30, ~~accounting fees~~2011, ~~advertising~~the ~~costs~~Company had $0 in cash on hand, ~~travel~~restricted ~~expenses~~cash ~~and general~~(see below for additional information) of $51,952, and ~~administrative~~accounts ~~expenses~~receivable of $17,371. ~~Since~~We ~~inception,~~had wecurrent ~~have~~liabilities ~~incurred~~ of $~~689~~798,~~713~~692 inand ~~operating~~no ~~expenses~~long-term ~~through~~liabilities as of December 31, 2010.

As of December 31, 2010, the Company had $0 in cash on hand, restricted cash (see below for additional information) of $33,594, and accounts receivable of $129,183. We had current liabilities of $676,797 and no long-term liabilities as of December 31, 2010.

During the year ended March 31, 2010 and subsequently through December 31, 2010, we have entered into various agreements with vacation property owners to act as a short-term rental agent on behalf of the owners. The agreements allow for us to retain a commission of 10% - 60% of the gross rental booking. Since rental contracts between the owners and renters are cancellable up to the point of use of the owners’ properties by the renters, commissions are deferred and recognized as revenue once the renters complete their use of the owners’ properties. The remaining 40%-90% of gross rental bookings, plus applicable taxes paid by the renters, are remitted to the owners upon the renters’ use of the owners’ properties. At the time of booking, renters are required to pay a security deposit that is refundable to them after ensuring no damage was done to the owners’ properties subsequent to use by the renters.

The following discussion should be read in conjunction with the Company's financial statements and notes thereto appearing elsewhere in this quarterly report.

Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are a start-up corporation and have generated minimal revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the development of our business plan, and possible cost overruns due to price and cost increases in services.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop, or expand our operations. Equity financing could result in additional dilution to existing stockholders.

Off-Balance Sheet Arrangements

We do not have any 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 investors.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required by smaller reporting companies.

ITEM 4T4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Robert Kanaat, our Chief Executive and Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)) as of the end of the period covered by this quarterly report (the Evaluation Date). Based on such evaluation, he has concluded that, as of the Evaluation Date, our disclosure controls and procedures are effective in alerting us on a timely basis to material information required to be included in our reports filed or submitted under the Exchange Act.

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~~disclosure controls~~Changes ~~and procedures are effective~~ in ~~alerting~~Internal ~~us on a timely basis to material information required to be included in our reports filed or submitted under the Exchange Act.~~Controls

~~Changes~~ There were no significant changes in ~~Internal~~our ~~Controls~~internal controls or, to the Company's knowledge, in other factors that could significantly affect the Company's disclosure controls and procedures subsequent to the date the Company carried out this evaluation.

~~There were~~PART noII ~~significant~~- ~~changes~~OTHER in our internal controls or, to the Company's knowledge, in other factors that could significantly affect the Company's disclosure controls and procedures subsequent to the date the Company carried out this evaluation.INFORMATION

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 1A. RISK FACTORS

Not applicable.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. [REMOVED AND RESERVED]

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

The following exhibits are included with this filing. Those marked with an asterisk (*) and required to be filed hereunder, are incorporated by reference and can be found in their entirety in our original Form S-1 Registration Statement, filed under SEC File Number 333-151867, at the SEC website at www.sec.gov:

Exhibit

Number

Description

3.1

Articles of Incorporation*

3.2

Bylaws*

Rule 13a-14(a)/15d-14a(a) Certifications

Section 1350 Certifications

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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.

	JETPADS, INC.
	(Registrant)
February 22, 2011	BY:	/s/ Robert Kanaat
April 4, 2012	BY:	/s/ Robert Kanaat
Date
		Robert Kanaat
		President, Chief Executive Officer, Principal Financial Officer, Principal Accounting Officer, and member of the Board of Directors

1211

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