UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED JUNE 30, 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: 333-152376

GLOBAL SMART ENERGY, INC.

(Exact name of registrant as specified in its charter)

DELAWARE		26-2691611
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

230 North Park Blvd Suite 104
Grapevine, TX		76051
(Address of principal executive offices)		(Zip Code)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (817) 416-2533

(Former name, former address and former fiscal year, if changed since last report)

Formerly TRIANGLE ALTERNATIVE NETWORK INCORPORATED

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 check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act (Check one):

Large accelerated filer ¨ Accelerated filer ¨

Non-accelerated filer ¨ Smaller reporting company x

(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No ¨

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. Yes o No o

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. As of August 15, 2011, there were 5,184,410 shares of common stock, par value $0.005, issued and outstanding.

GLOBAL SMART ENERGY, INC.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION		2

ITEM 1 Financial Statements		3

ITEM 2 Management's Discussion and Analysis of Financial Condition and Results of Operations.		9

ITEM 3 Quantitative and Qualitative Disclosures About Market Risk		11

ITEM 4T Controls and Procedures		11

PART II - OTHER INFORMATION		12

ITEM 1 Legal Proceedings		12

ITEM 1A Risk Factors		12

ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds		12

ITEM 3 Defaults Upon Senior Securities		12

ITEM 4 Submission of Matters to a Vote of Security Holders		12

ITEM 5 Other Information		12

ITEM 6 Exhibits		13

PART I - FINANCIAL INFORMATION

This Quarterly Report includes forward-looking statements within the meaning of the Securities Exchange Act of 1934 (the "Exchange Act"). These statements are based on management's beliefs and assumptions, and on information currently available to management. Forward-looking statements include the information concerning our possible or assumed future results of operations set forth under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements also include statements in which words such as "expect," "anticipate," "intend," "plan," "believe," "estimate," "consider" or similar expressions are used.

Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions. Our future results and shareholder values may differ materially from those expressed in these forward-looking statements. Readers are cautioned not to put undue reliance on any forward-looking statements.

ITEM 1 FINANCIAL STATEMENTS

GLOBAL SMART ENERGY, INC.

(A Development Stage Company)

Balance Sheets

	June 30,			December 31,
	2011			2010
	(Unaudited)			(Audited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	200,257		$	255
Prepaid Expenses					3,000

Total Current Assets		200,257			3,255

TOTAL ASSETS	$	200,257		$	3,255

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES

Accounts payable and accrued expenses	$	35,624		$	20,409
Related party payable		4,450			75,427

Total Current Liabilities		40,074			95,836

LONG-TERM LIABILITIES

Convertible note payable		200,526			0

Total Long-Term Liabilities		200,526			0

TOTAL LIABILITIES		240,600			95,836

STOCKHOLDERS' DEFICIT
Common stock; 50,000,000 shares authorized at par value of $0.005, 5,184,410 and 3,208,250 shares issued and outstanding		25,922			16,041
Additional paid-in capital		142,255			63,209
Accumulated deficit from development stage		(208,520	)		(171,831	)

Total Stockholders' Deficit		(40,343	)		(92,581	)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	200,257		$	3,255

The accompanying notes are an integral part of these financial statements.

GLOBAL SMART ENERGY, INC.

(A Development Stage Company)

Statements of Operations

(Unaudited)

													From Inception
													on May 23,
	For the Three Months Ended						For the Six Months Ended						2007 Through
	June 30,						June 30,						June 30,
	2011			2010			2011			2010			2011

REVENUES	$	-		$	-		$	-		$	-		$	-

OPERATING EXPENSES

General and administrative		13,876			5,696			36,689			12,281			127,602

Total Operating Expenses		13,876			5,696			36,689			12,281			127,602

LOSS FROM OPERATIONS		(13,876	)		(5,696	)		(36,689	)		(12,281	)		(127,602	)

OTHER EXPENSES

Interest expense		-			-			-			-			-

LOSS BEFORE TAXES		(13,876	)		(5,696	)		(36,689	)		(12,281	)		(127,602	)

Income taxes		-			-			-			-			-

LOSS FROM CONTINUING OPERATIONS		(13,876	)		(5,696	)		(36,689	)		(12,281	)		(127,602	)

DISCONTINUED OPERATIONS		-			-			-			-			(80,918	)

NET INCOME (LOSS)	$	(13,876	)	$	(5,696	)	$	(36,689	)	$	(12,281	)	$	(208,520	)

BASIC INCOME (LOSS) PER COMMON SHARE
CONTINUING OPERATIONS	$	-		$	-		$	-		$	-
DISCONTINUED OPERATIONS	$	-		$	-		$	-		$	-

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING		5,184,410			3,208,250			4,369,558			3,208,250

The accompanying notes are an integral part of these financial statements

GLOBAL SMART ENERGY, INC.

(A Development Stage Company)

Statement of Stockholders' Deficit

From Inception (May 23, 2007) to June 30, 2011

									Deficit
									Accumulated
							Additional		During the			Total
	Common Stock						Paid-In		Development			Stockholders'
	Shares			Amount			Capital		Stage			Deficit

Balance, May 23, 2007		-		$	-		$	-	$	-		$	-

Common stock issued for services at $0.075 per share		5,000,000			25,000			50,000		-			75,000

Net loss for the year ended December 31, 2007		-			-			-		(85,762	)		(85,762	)

Balance, December 31, 2007 (audited)		5,000,000			25,000			50,000		(85,762	)		(10,762	)

Common stock cancelled		(2,216,750	)		(11,084	)		11,084		-			-

Common stock issued for services at $0.01 per share		200,000			1,000			1,000		-			2,000

Net loss for the year ended December 31, 2008		-			-			-		(29,370	)		(29,370	)

Balance, December 31, 2008 (audited)		2,983,250			14,916			62,084		(115,132	)		(38,132	)

Common stock issued for services at $0.01 per share		225,000			1,125			1,125		-			2,250

Net loss for the twelve months ended December 31, 2009		-			-			-		(37,487	)		(37,487	)

Balance, December 31, 2009 (audited)		3,208,250		$	16,041		$	63,209	$	(152,619	)	$	(73,369	)

Net loss for the year ended December 31, 2010		-			-			-		(19,212	)		(19,212	)

Balance, December 31, 2010 (audited)		3,208,250		$	16,041		$	63,209	$	(171,831	)	$	(92,581	)

Common Stock issued for Services At $0.045 per share		300,000			1,500			12,000		-			13,500

Common Stock issued for settlement of related party payables at $0.045 per share		1,676,160			8,381			67,046		-			75,427

Net Loss for six months ended June 30, 2011		-			-			-		(36,689	)		(36,689	)

Balance, June 30, 2011(unaudited)		5,184,410		$	25,922		$	142,255	$	(208,520	)	$	(40,343	)

The accompanying notes are an integral part of these financial statements.

GLOBAL SMART ENERGY, INC.

(A Development Stage Company)

Statements of Cash Flows

(Unaudited)

							From Inception
							(May 23,
	For the Six			For the Six			2007) through
	Months Ended			Months Ended			June 30,
	June 30, 2011			June 30, 2010			2011

OPERATING ACTIVITIES

Net loss	$	(36,689	)	$	( 12,281	)	$	(208,520	)
Adjustments to reconcile net loss to net
Cash used by operating activities:

Common stock issued for services		13,500			-			92,750
Changes in operating assets and liabilities:
Changes in accounts payable		15,215			225			35,624
Change in prepaid expenses		3,000			-			-

Net cash used by operating activities		(4,974	)		(12,056	)		(80,146	)

INVESTING ACTIVITIES

Discontinued operations		-			-			(54,553	)

Net cash used in investing activities		-			-			(54,553	)

FINANCING ACTIVITIES

Discontinued operations		-			-			6,304
Proceeds from issuance of Promissory note		200,526			-			200,526

Proceeds from share issuance
Proceeds from related part loan		4,450			13,000			79,877
Net cash provided by financing activities		204,976			13,000			286,707

NETINCREASE (DECREASE) IN CASH		200,002			944			152,008
DISCONTINUED OPERATIONS		-			-			48,249

CASH AT BEGINNING OF PERIOD		255			118			-

CASH AT END OF PERIOD	$	200,257		$	1,062		$	200,257

SUPPLEMENTAL DISCLOSURES OF
CASH FLOW INFORMATION
CASH PAID FOR:
Interest	$	-		$	-		$	625
Income Taxes	$	-		$	-		$	-

SUPPLEMENTAL DISCLOSURE OF NON
CASH FLOW INFORMATION
Shares issued for settlement of related party loans	$	75,427					$	75,427

The accompanying notes are an integral part of these financial statements.

GLOBAL SMART ENERGY, INC.

(A Development Stage Company)

Notes to Unaudited Financial Statements

NOTE 1 - CONDENSED FINANCIAL STATEMENTS

The accompanying unaudited financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for Form 10-Q and Article 210 8-03 of Regulation S-X. 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 at June 30, 2011 and for all periods presented have been made.

Certain information and footnote disclosures normally included in financial statements prepared have been condensed or omitted. It is suggested that these financial statements be read in conjunction with the most recent filing of the Form 10-K which included the financial statements and notes thereto as of December 31, 2010. The operating results for the three and six month periods ended June 30, 2011 is not necessarily indicative of the operating results that may be expected for the fiscal year ending December 31, 2011.

NOTE 2 - GOING CONCERN

The Company’s financial statements are prepared in conformity with generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has had no revenues and has generated losses from operations. The Company has accumulated a deficit of ($208,520) and currently has net working capital of $160,183 as of June 30, 2011.

In order to continue as a going concern and achieve a profitable level of operations, the Company will need, among other things, additional capital resources and to develop a consistent source of revenue. Management’s plans include investing in and developing all types of businesses related to the energy related industries.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations.

These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and cash equivalents

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Loss per common share

Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any potentially dilutive instruments.

Development -Stage Company

The accompanying financial statements have been prepared in accordance with the FASB ASC Topic 915 "Accounting and Reporting by Development-Stage Enterprises". A development-stage enterprise is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenue therefrom. Development-stage companies report cumulative costs from the enterprise's inception.

GLOBAL SMART ENERGY, INC.

(A Development Stage Company)

Notes to Financial Statements

NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Recent Accounting Pronouncements

The Company evaluated all of the other recent accounting pronouncements and deemed that they did not have a material impact on our financial statements.

NOTE 4 – RELATED PARTY TRANSACTIONS

As of December 31, 2010 a major shareholder of the Company advanced $75,427 which was converted to common stock at $0.045 per share for 1,676,160 shares in March of 2011. As of June 30, 2011 a company, of which the CEO is also an officer, advanced $4,450 for the administration and other costs of operations on an unsecured basis; bearing no interest and due on demand.

The Company approved the issue of 1,676,160 shares at $0.045 per share for the cancellation of the unsecured advances owed by the Corporation to its majority shareholder in the amount of $75,427.15.effective March 17, 2011.

NOTE 5 – CONVERTIBLE PROMISSORY NOTE

On June 14, 2011 the Company issued three-year Convertible Promissory Note ( the ”Note”) in the amount of $200,000 in a private transaction to an accredited investor for working capital to assist in the development of a business plan and acquire financing and/or assets in the energy related industry. The Note accumulates interest to maturity at six percent (6%) per annum. At the option of the Note holder, the principal and interest may be converted into common shares at a price of $0.10 per share.

NOTE 6 – EMPLOYMENT AGREEMENTS

As of June 1, 2011 the Company entered into an employment agreement with Frank O’Donnell, to serve as President and Director, and Lyle Mortensen to serve as the Secretary/Treasurer and Director of the Company. Each agreement calls for monthly cash compensation of $5,000 per month and an accrual of 10,000 shares of common stock per month for the first full year of employment. The stock award is to be vested 100% upon completion of one year of service. In the event the Employee is terminated, for other than misconduct, the Stock Awards will become 100% vested.

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

Our Management's Discussion and Analysis contains not only statements that are historical facts, but also statements that are forward-looking (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Forward-looking statements are, by their very nature, uncertain and risky. These risks and uncertainties include international, national and local general economic and market conditions; demographic changes; our ability to sustain, manage, or forecast growth; our ability to successfully make and integrate acquisitions; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; fluctuations and difficulty in forecasting operating results; changes in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; the ability to protect technology; and other risks that might be detailed from time to time in our filings with the Securities and Exchange Commission.

Although the forward-looking statements in this Quarterly Report reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by them. Consequently, and because forward-looking statements are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. You are urged to carefully review and consider the various disclosures made by us in this report and in our other reports as we attempt to advise interested parties of the risks and factors that may affect our business, financial condition, and results of operations and prospects.

OVERVIEW

Global Smart Energy, Inc. (formerly Triangle Alternative Network Incorporated) (“GSEI”) is a development stage company that was incorporated in the state of Delaware on April 1, 2008 and was the holding company for Triangle Alternative Network, LLC (“TAN, LLC” and, together with GSEI., "GSEI", the "Company", "we", "us" or "our"). We are a start-up company that was originally organized to develop a television network to provide programming to the Gay, Lesbian, Bi-Sexual and Trans-gender (“GLBT”) Community.

After attempting to develop programming, it was determined that the company did not want to develop this particular programming and had not entered into a definitive contract to sell the programming. The film and production costs have been transferred to related parties in exchange for the debt owed to them for advances to the Company.

OUR CORPORATE INFORMATION

GSEI was incorporated in the State of Delaware on April 1, 2008 under the name of Triangle Alternative Network, Inc. The Company officially changed its name to Global Smart Energy, Inc. on February 8, 2011. GSE has no full time employees. Our principal executive offices are located at 230 North Park Blvd Suite 104., Grapevine, TX 76051 and our telephone number is (817) 416-2533.

Liquidity and Capital Resources

Cash Requirements

At June 30, 2011, we had cash on hand of $200,257 compared to $255 at December 31, 2010. Management feels that the cash on hand is not sufficient for the next twelve months. We anticipate that our cash requirements will increase substantially as a result of the fact that we are now a public, reporting company and are beginning to develop a business plan. We anticipate that we will require approximately $288,000 to meet our minimal operating requirements for the next twelve months. We have not established our revenues and have not established any other source for the required operating funds.

THREE MONTHS ENDED JUNE 30, 2011 COMPARED TO THE THREE MONTHS ENDED JUNE 30, 2010

REVENUES, EXPENSES AND LOSS FROM OPERATIONS

Our revenues, selling, general and administrative expenses and net loss for the three months ended June 30, 2011 and June 30, 2010 are as follows:

	Three Months			Three Months
	Ended June 30,			Ended June 30,
	2011			2010
Revenue	$	-		$	-
Selling, general and administrative		13,876			5,696
Net Loss	$	(13,876	)	$	(5,696	)

Revenues for the three months ended June 30, 2011 were $0, compared to $0 for the three months ended June 30, 2010

For the three months ended June 30, 2011, operating expenses totaled $13,876 as compared to $5,696 for the three months ended June 30, 2010. The increase was primarily due to an accrual of monthly compensation to current officers and directors of the Company as of June 1, 2011.

SIX MONTHS ENDED JUNE 30, 2011 COMPARED TO THE SIX MONTHS ENDED JUNE 30, 2010

REVENUES, EXPENSES AND LOSS FROM OPERATIONS

Our revenues, selling, general and administrative expenses and net loss for the six months ended June 30, 2011 and June 30, 2010 are as follows:

	Six Months			Six Months
	Ended June 30,			Ended June 30,
	2011			2010
Revenue	$	-		$	-
Selling, general and administrative		36,689			12,281
Net Loss	$	(36,689	)	$	(12,281	)

Revenues for the six months ended June 30, 2011 were $0, compared to $0 for the six months ended June 30, 2010

For the six months ended June 30, 2011, operating expenses totaled $36,689 as compared to $12,281 for the six months ended June 30, 2010. The increase was primarily due to the issue of stock to current and prior officers and directors and an accrual of monthly compensation to current officers and directors of the Company as of June 1, 2011.

Sources and Uses of Cash

Operations

For the six months ended June 30, 2011, we used cash in our operation of $4,974 compared to $12,056 for the six months ended June 30, 2010. These changes were primarily the result of the loss from operations of $36,689 made up of stock issued for payments to officers and directors, professional and accounting fees paid to maintain corporate requirements, a decrease in prepaid assets of $3,000 and an increase in accounts payable of $15,215 for the six months ended June 30, 2011; compared to a loss of $12,281 with an increase in accounts payable of $225 for the six months ended June 30, 2010 and change noted for issuance of shares for services $ 13,500 for the six months ended June 30, 2011.

Financing

We had net cash flows of $204,976 from financing activities for the six months ended June 30, 2011 compared to $ 13,000 for the six months ended June 30, 2010. Cash in the amount of $4,450 came from related party advances and $200,000 of proceeds received in connection with the issue of a three year Convertible Promissory Note that accrues interest at 6% per annum..

CRITICAL ACCOUNTING POLICIES

The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. In consultation with our Board of Directors, we have identified the following accounting policies that we believe are key to an understanding of our financial statements. These are important accounting policies that require management's most difficult, subjective judgments.

Our critical accounting policies, including the assumptions and judgments underlying them, are disclosed in our Calendar Year 2010 Form 10-K in Note 1- Summary of Significant Accounting Policies included in our Financial Statements. There were no significant changes to our critical accounting policies during the nine months ended June 30, 2011. On an ongoing basis, we evaluate our estimates based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the result of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Results may differ from these estimates due to actual outcomes being different from those on which we based our assumptions.

Off-balance-Sheet Arrangements

We have no off-balance-sheet arrangements that 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 is deemed by our management to be material to investors.

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a smaller reporting company we are not required to provide the information required by this Item.

ITEM 4T CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e)) under the Exchange Act) that is designed to ensure that information required to be disclosed by the Company in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Pursuant to Rule 13a-15(b) under the Exchange Act, the Company carried out an evaluation with the participation of the Company's management, the Company's Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO"), of the effectiveness of the Company's disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the six months ended June 30, 2011. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of June 30, 2011, our disclosure controls and procedures were not effective at the reasonable assurance level due to the material weaknesses described below.

In light of the material weaknesses described below, we performed additional analysis and other post-closing procedures to ensure our financial statements were prepared in accordance with generally accepted accounting principles. Accordingly, we believe that the financial statements included in this report fairly present, in all material respects, our financial condition, results of operations and cash flows for the periods presented.

A material weakness is a control deficiency (within the meaning of the Public Company Accounting Oversight Board (PCAOB)) or combination of control deficiencies, such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected. Management has identified the following two material weaknesses which have caused management to conclude that, as of June 30, 2011, our disclosure controls and procedures were not effective at the reasonable assurance level:

1. We do not have written documentation of our internal control policies and procedures. Written documentation of key internal controls over financial reporting is a requirement of Section 404 of the Sarbanes-Oxley Act. Management evaluated the impact of our failure to have written documentation of our internal controls and procedures on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

2. We do not have sufficient segregation of duties within accounting functions, which is a basic internal control. Due to our size and nature, segregation of all conflicting duties may not always be possible and may not be economically feasible. However, to the extent possible, the initiation of transactions, the custody of assets and the recording of transactions should be performed by separate individuals. Management evaluated the impact of our failure to have segregation of duties on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

To address these material weaknesses, management performed additional analyses and other procedures to ensure that the financial statements included herein fairly present, in all material respects, our financial position, results of operations and cash flows for the periods presented.

Remediation of Material Weaknesses

To remediate the material weaknesses in our disclosure controls and procedures identified above, we have continued to refine our internal procedures to begin to implement segregation of duties and to reduce the number of audit adjustments.

Changes in Internal Control over Financial Reporting. Except as noted above, there were no changes in our internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act, during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

CHANGES IN INTERNAL CONTROLS

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, performed an evaluation to determine whether any change in our internal controls over financial reporting occurred during the nine-month period ended June 30, 2011. Based on that evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that no change occurred in the Company's internal controls over financial reporting during the nine months ended June 30, 2011 that has materially affected, or is reasonably likely to materially affect, the Company's internal controls over financial reporting.

PART II - OTHER INFORMATION

ITEM 1 LEGAL PROCEEDINGS

The Company is not involved in any legal proceedings.

ITEM 1A RISK FACTORS

There have been no changes to our risk factors as described in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2011.

ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 3 DEFAULTS UPON SENIOR SECURITIES

There have been no events that are required to be reported under this Item.

ITEM 4 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

In the Annual Meeting of the Company, on January 10, 2011, the following items were submitted to the security holders for a vote, which all were approved by a majority of the shares entitled to vote:

Lyle J. Mortensen, Gerry Shirren and Tiffany Kalahiki were elected as directors of the Company.

The name of the Company was changed to Global Smart Energy, Inc., and;

The Bylaws of the Company were amended to permit stockholders and directors to approve corporate actions through executing majority written consents in lieu of holding meetings.

ITEM 5 OTHER INFORMATION

Securities Authorized for Issuance Under Equity Compensation Plans

On March 8, 2011 the Board of the Directors authorized the issue of its common shares to the officers and directors that have been serving without compensation in the following amounts:

Lyle J. Mortensen, CEO and director	200,000 shares
Gerry Shirren, CFO and director	75,000 shares
Tiffany Kalahiki, past secretary and director	25,000 shares

ITEM 6 EXHIBITS

31.1 Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer

31.2 Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer

32.1 Chief Executive Officer Certification Pursuant to 18 USC, Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2 Chief Financial Officer Certification Pursuant to 18 USC, Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 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 thereunto duly authorized.

Global Smart Energy, Inc.

	Dated: August 15, 2011	/s/ Lyle J. Mortensen
		By: Lyle J. Mortensen
		Chief Financial Officer

GLOBAL SMART ENERGY, INC. 10-Q