UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

———————

FORM 10-Q

———————

(Mark One)

ü	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
þ	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	ACT OF 1934
For the quarterly period ended March 31, 2010
For the quarterly period ended September 30, 2009
or
	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	ACT OF 1934
For the transition period from: _____________ to _____________

Commission File number: 333-148697

———————

INSIGHT MANAGEMENT CORPORATION

(Exact name of small business issuer as specified in its charter)

———————

Florida		20-8715508
(State or other jurisdiction of Incorporation or organization)		(IRS Employee Identification No.)

1130 E. Clark Ave. Ste. 150-286, Orcutt, CA 93455 ~~866-787-3588~~

866-787-3588

(Address of principal executive offices)

N/A

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

———————

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	ü	No
Indicate by check mark 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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
	Yes		No	ü
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 definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

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 þ No o

Indicate by check mark 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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o No þ


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 definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o Accelerated Filer o Non-accelerated filer o (Do not check if a smaller ~~Smaller~~ reporting company) üSmaller reporting company) þ

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:
Class	Shares outstanding	Date
Common, $.001 par value	515,453,806	November 20, 2009
Common, $.00014 par value	516,953,806	May 13, 2010

TABLE OF CONTENTS

Insight Management Corporation

Part I - Financial Information 3 Item 1. Unaudited Consolidated Financial Statements 3 Consolidated Balance Sheets 3 Consolidated Statements of Operations 4 Consolidated Statement of Changes in Stockholders’ Deficit 5 Consolidated Statements of Cash Flows 6 Notes to Unaudited Consolidated Financial Statements 7 Item 2 Management’s Discussion and Analysis or Plan of Operation 16 Item 3. Quantitative and Qualitative Disclosures About Market Risk 18 Item 4. Controls and Procedures 18 Part II - Other Information 19 Item 1. Legal Proceedings 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19 Item 3. Defaults Upon Senior Securities 19 Item 4. Submission of Matters to a Vote of Security Holders 19 Item 5. Other Information 19 Item 6. Exhibits 19

Part I - Financial Information

Item 1.	Unaudited Financial Statements	1

	Balance Sheets	1

	Statements of Operations	2

	Statements of Changes in Stockholders’ Deficit	3

	Statements of Cash Flows	4

	Notes to Unaudited Financial Statements	5

Item 2	Management's Discussion and Analysis or Plan of Operation	8

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	10

Item 4.	Controls and Procedures	10

Part II - Other Information

Item 1.	Legal Proceedings	11

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	11

Item 3.	Defaults Upon Senior Securities	11

Item 4.	Submission of Matters to a Vote of Security Holders	11

Item 5.	Other Information	11

Item 6.	Exhibits	11

PART I - FINANCIAL INFORMATION

ITEM 1. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

~~UNAUDITED~~INSIGHT MANAGEMENT ~~CONSOLIDATED FINANCIAL STATEMENTS~~CORPORATION

~~INSIGHT~~(A Development ~~MANAGEMENT~~Stage ~~CORPORATION~~Company)

~~CONSOLIDATED~~ BALANCE SHEETS

(unaudited)

	March 31,			December 31,
	2010			2009
	(Unaudited)			(Audited)
ASSETS

CURRENT ASSETS:
Cash and cash equivalents	$	250		$	3,273
Total current assets		250			3,273

EQUIPMENT, net of accumulated depreciation		4,050			4,330

TOTAL ASSETS	$	4,300		$	7,603

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES:
Accounts payable and accrued expenses	$	377,159		$	313,855
Accounts payable - related party		5,000			5,000
Short-term notes payable		51,296			51,296
Short-term notes payable - related parties		38,000			13,000
Total current liabilities		471,455			383,151

STOCKHOLDERS' DEFICIT:
Common stock, $0.00014 par value; 1,000,000,000 shares
authorized, 516,953,806 shares issued and outstanding		72,374			72,374
Additional paid-in capital		890,732			875,732
Accumulated deficit		(1,184,056	)		(1,184,056	)
Deficit accumulated during re-entry to development stage		(246,205	)		(139,598	)
Total stockholders' deficit		(467,155	)		(375,548	)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	4,300		$	7,603

	September 30, 2009			December 31, 2008
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	331,712		$	16,759
Trade accounts receivable, net of allowance for doubtful accounts		311,370			4,988
Other current assets		8,561			—
Total current assets		651,643			21,747
EQUIPMENT, net of accumulated depreciation		535,875			7,115
OTHER ASSETS:
Identified intangible assets, net of accumulated amortization		2,888,537			—
Goodwill		727,171			—
TOTAL ASSETS	$	4,803,226		$	28,862
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES:
Accounts payable and accrued expenses	$	316,169		$	26,684
Short-term note payable		34,000			—
Unsecured loan payable		—			215,000
Long-term debt - current portion		2,265,503			—
Total current liabilities		2,615,672			241,684
CONDITIONAL NOTE PAYABLE, net of discount		2,444,333			—
STOCKHOLDERS’ DEFICIT
Common stock, $.001 par value; 1,000,000,000 shares authorized, 515,453,806 and 504,453,831 shares issued and outstanding, respectively		515,454			504,454
Stock subscriptions receivable		(24,340	)		(201,496	)
Additional paid-in capital		367,192			126,603
Accumulated deficit		(1,115,085	)		(642,383	)
Total stockholders’ deficit		(256,779	)		(212,822	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	4,803,226		$	28,862

The accompanying notes are an integral part of these financial statements

~~The accompanying notes are an integral part of these financial statements~~1

3INSIGHT MANAGEMENT CORPORATION

~~INSIGHT~~(A Development ~~MANAGEMENT~~Stage ~~CORPORATION~~Company)

~~CONSOLIDATED~~ STATEMENTS OF OPERATIONS

(unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
									Re-entry to
	2009			2008			2009			2008
									Development Stage
SERVICE REVENUES	$	588,903		$	—		$	588,903		$	—
									(October 1, 2009)
Total revenues		588,903			—			588,903			—
									Through
COSTS AND EXPENSES:
	Three Months Ended March 31,								March 31, 2010
Consulting fees		—			31,300			102,550			64,300
	2010				2009				(Note 2)
Consulting fees - related party		—			114,250			10,000			123,250
REVENUES	$	-			$	-			$	-
Compensation		333,949			—			392,891			—
Total revenues		-				-				-
Contracted labor		12,500			7,075			56,700			7,075
COSTS AND EXPENSES:
Professional fees		65,690			—			136,323			7,200
Consulting fees		15,263				81,550				25,263
Other operating expenses		39,873			9,676			59,576			10,872
Consulting fees - related party		-				5,000				-
Rent		12,000			—			12,000			—
Compensation		36,702				28,143				82,980
Supplies		46,663			—			46,663			—
Contracted labor		-				15,000				21,050
Insurance		25,149			—			25,149			—
Professional fees		36,436				28,500				85,546
Repairs and maintenance		16,108			—			16,108			—
Other operating expenses		5,193				10,571				18,110
(Gain) Loss on disposal of equipment		(344	)		—			1,109			(3,560	)
Depreciation and amortization		280				413				523
Depreciation and amortization		89,464			—			90,163			—
Total cost and expenses		93,874				169,177				233,472
Total cost and expenses		641,052			162,301			949,232			209,137
OTHER INCOME (EXPENSE):
OTHER INCOME (EXPENSE):
Interest expense		(12,733	)			-				(12,733	)
Interest expense		(111,355	)		—			(112,373	)		—
NET (LOSS)	$	(106,607	)		$	(169,177	)		$	(246,205	)
NET (LOSS)	$	(163,504	)	$	(162,301	)	$	(472,702	)	$	(209,137	)
BASIC AND DILUTED NET (LOSS) PER COMMON
BASIC AND DILUTED NET (LOSS) PER COMMON SHARE	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
SHARE	$	(0.00	)		$	(0.00	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING		510,451,780			504,453,824			507,208,205			504,453,824
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING		516,953,806				505,040,389

The accompanying notes are an integral part of these financial statements

INSIGHT MANAGEMENT CORPORATION

~~CONSOLIDATED~~(A Development ~~STATEMENT~~Stage ~~OF CHANGES IN STOCKHOLDERS’ DEFICIT~~Company)

~~NINE~~STATEMENTS OF ~~MONTHS~~CHANGES ~~ENDED~~IN ~~SEPTEMBER~~STOCKHOLDERS’ ~~30, 2009~~DEFICIT

(unaudited)

	Common Stock						Stock Subscriptions			Additional Paid-In			Accumulated
																				Deficit
	Shares			Amount			Receivable			Capital			Deficit			Total
																				Accumulated
Balances, December 31, 2008		504,453,831		$	504,454		$	(201,496	)		126,603			(642,383	)	$	(212,822	)
									Stock				Additional							During Re-entry to
Shares issued for cash		2,109,975			2,110			213,396			29,816			—			245,322
	Common Stock								Subscription				Paid-In				Accumulated			Development Stage
Debt acquired as part of reverse merger		—			—			—			(97,168	)		—			(97,168	)
	Shares				Amount				Receivable				Capital				Deficit			(Note 2)			Total
Shares issued for subscription receivable and conversion of debt -related party, at fair value		7,000,000			7,000			(39,340	)		49,232			—			16,892
Balances, October 1, 2009 -
Shares issued for interest expense, and conversion of debt - at fair value		7,000,000			7,000			—			243,000			—			250,000
re-entry to development stage		515,453,806			$	72,164			$	(24,340	)		$	810,482			$	(1,184,056	)	$	-		$	(325,750	)
Shares issued for services		140,000			140			—			10,459			—			10,599
Payment of subscription
Share cancellation		(5,250,000	)		(5,250	)		—			5,250			—			—
receivable		-				-				24,340				-				-			-			24,340
Impairment of subscription receivable		—			—			3,100			—			—			3,100
Shareholder contribution		-				-				-				35,460				-			-			35,460
Net loss		—			—			—			—			(472,702	)		(472,702	)
Shares issued for services		1,500,000				210								29,790				-			-			30,000
Balances, September 30, 2009		515,453,806		$	515,454		$	(24,340	)	$	367,192		$	(1,115,085	)	$	(256,779	)
Net loss		-				-				-				-				-			(139,598	)		(139,598	)
Balances, December 31, 2009		516,953,806			$	72,374			$	-			$	875,732			$	(1,184,056	)	$	(139,598	)	$	(375,548	)
Shareholder contribution		-				-				-				15,000				-			-			15,000
Net loss		-				-				-				-				-			(106,607	)		(106,607	)
Balances, March 31, 2010		516,953,806			$	72,374			$	-			$	890,732			$	(1,184,056	)	$	(246,205	)	$	(467,155	)

The accompanying notes are an integral part of these financial statements

INSIGHT MANAGEMENT CORPORATION

~~CONSOLIDATED~~(A Development ~~STATEMENTS~~Stage ~~OF CASH FLOWS~~Company)

~~(unaudited)~~STATEMENTS OF CASH FLOWS

	Nine Months Ended September 30,
								Re-entry to
	2009			2008
								Development Stage
CASH FLOWS FROM OPERATING ACTIVITIES:
								(October 1, 2009)
Net loss	$	(472,702	)	$	(209,137	)
								Through
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
	Three Months Ended March 31,							March 31, 2010
Impairment of subscription receivable		3,100			—
	2010				2009			(Note 2)
Loss/(Gain) on disposal of equipment		1,109			(3,560	)
CASH FLOWS FROM OPERATING ACTIVITIES:
Depreciation and amortization		90,163			—
Net loss	$	(106,607	)		$	(169,177	)	$	(246,205	)
Shares issued for services		10,599			—
Adjustments to reconcile net loss to net cash used by operating activities:
Accrued interest expense		33,725			—
Shares issued for services		-				-			30,000
Accretion of interest on acquisition notes		42,614			—
Depreciation and amortization		280				413			523
Interest settled by share issuance		35,000			—
Change in operating assets and liabilities:
Change in operating assets and liabilities, net of business acquisitions:		—			—
Accounts payable and accrued expenses		63,304				30,317			119,622
Accounts receivable		(56,582	)		14,336
NET CASH USED BY OPERATING ACTIVITIES		(43,023	)			(138,447	)		(96,060	)
Other current assets		(900	)		(5,547	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Other non-current assets		—			4,100
Purchase of equipment		-				-			(250	)
Accounts payable and accrued expenses		191,307			—
NET CASH USED BY INVESTING ACTIVITIES		-				-			(250	)
NET CASH USED BY OPERATING ACTIVITIES		(122,567	)		(199,808	)
CASH FLOWS FROM FINANCING ACTIVITIES:
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from short-term notes payable		-				-			30,296
Net cash acquired from acquisitions		160,232			—
Proceeds from short-term notes payable - related parties		25,000				-			25,000
Purchase of equipment		—			(6,980	)
Receipts from stock stock subscription receivable		-				127,045			24,340
Proceeds from disposal of equipment		699			3,560
Shareholder contribution		15,000				-			15,000
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES		160,931			(3,420	)
NET CASH PROVIDED BY FINANCING ACTIVITIES		40,000				127,045			94,636
CASH FLOWS FROM FINANCING ACTIVITIES:
NET CHANGE IN CASH AND CASH EQUIVALENTS		(3,023	)			(11,402	)		(1,674	)
Net borrowing on short-term unsecured financing		—			39,136
CASH AND CASH EQUIVALENTS, beginning of period		3,273				16,759			1,924
Proceeds from short-term note payable		34,000			—
CASH AND CASH EQUIVALENTS, end of period	$	250			$	5,357		$	250
Proceeds from common stock issuances and subscriptions		245,322			191,574
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING
Payment of vehicle loans and unsecured short term financing		(2,733	)		(7,560	)
TRANSACTIONS:
NET CASH PROVIDED BY INVESTING ACTIVITIES		276,589			223,150
Short-term note payable assigned to related parties	$	-			$	-		$	13,000
NET CHANGE IN CASH AND CASH EQUIVALENTS		314,953			19,922
SUPPLEMENTAL DISCLOSURES:
CASH AND CASH EQUIVALENTS, beginning of period		16,759			200
Cash paid for interest	$	-			$	-		$	-
CASH AND CASH EQUIVALENTS, end of period	$	331,712		$	20,122
Cash paid for taxes	$	-			$	-		$	-
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING TRANSACTIONS:
Accounts payable acquired in reverse merger	$	97,168		$	—
Non-cash assets acquired/debt assumed from acquisition:
Accounts receivable		249,800			—
Other current assets		7,661			—
Equipment		559,268			—
Identifiable intangible assets		2,950,000			—
Goodwill		727,171			—
Accounts payable		17,809			—
Long-term debt - current portion		2,234,537			—
Conditional note payable		2,401,692			—
Stock issued for debt settlement/ stock subscription receivable:
Stock subscription receivable		39,340			—
Accounts payable		(16,892	)		—
Unsecured loan payable		(250,000	)
Unsecured loan payable issued for intangible asset		—			215,000
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	$	—		$	—
Cash paid for taxes	$	—		$	—

The accompanying notes are an ~~integral~~intergral part of these financial statements

INSIGHT MANAGEMENT CORPORATION

(A Development Stage Company)

~~INSIGHT~~NOTES TO ~~MANAGEMENT~~UNAUDITED ~~CORPORATION~~FINANCIAL STATEMENTS

~~NOTES~~1. TOBasis ~~UNAUDITED~~of ~~CONSOLIDATED~~Financial ~~FINANCIAL~~Statement ~~STATEMENTS~~Presentation and Significant Accounting Policies

1The accompanying unaudited consolidated financial statements of Insight Management Corporation (the “Company”) have been prepared in accordance with principles generally accepted in the United States of America for interim financial information and applicable rules of Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. The interim financial statements and notes should be read in conjunction with the financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2009. Operating results for the three months ended March 31, 2010 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2010.

~~Basis~~Certain amounts ofin ~~Financial~~the ~~Statement~~2009 ~~Presentation~~financial statements have been reclassified in order to conform with 2010 financial statement presentation.

~~Interim~~Significant ~~Financial Information~~Accounting Policies

The accompanying unaudited consolidated financial statements of Insight Management Corporation (the “Company”) have been prepared in accordance with principles generally accepted in the United States of America for interim financial information Cash and ~~applicable~~Cash rules of Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. The interim financial statements and notes should be read in conjunction with the financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2008. Operating results for the three months and nine months ended September 30, 2009 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2009.Equivalents

2The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents. There are no cash equivalents at March 31, 2010 or December 31, 2009.

~~Nature~~Property ~~of Operations~~and Equipment

~~The company provides servicing~~ Property and ~~maintenance~~equipment ofare ~~natural~~recorded ~~gas~~at ~~pipelines~~cost. ~~and~~Depreciation ~~wells~~is ~~pumps~~computed ~~for~~using ~~customers~~straight-line method ~~located~~based inon the ~~greater~~estimated ~~Rocky~~useful ~~Mountain~~lives ~~region~~of ~~and~~the ~~pressure~~related ~~testing~~assets, ~~blow~~generally ranging ~~out~~from ~~prevention~~three ~~services~~to inseven ~~the Colorado~~years.

Effective June 29, 2009, the Company acquired through a wholly-owned subsidiary all outstanding common stock of Microresearch Corporation, a Nevada corporation in a reverse triangular merger (see Note 7)2. ~~The~~Development ~~acquisition~~Stage has been treated as a recapitalization of Insight Management Corporation. Under U.S. generally accepted accounting principles, in this reverse merger Microresearch Corporation is considered the acquirer for accounting purposes and not Insight Management Corporation, which was the legal acquirer. Accordingly, all historic information presented in the accompanying financial statements is that of Microresearch Corporation.Operations

OnPrior ~~June~~to the ~~30,~~previously ~~2009,~~reported ~~the~~acquisition ~~Company~~of ~~acquired~~ Rebel Testing, Inc. (“RTI”) inon June 30, 2009, the Company had presented its financial statements as a ~~purchase~~development ~~transaction~~stage company ~~(Note~~as 7)it had not realized significant revenues. With the acquisition of RTI, isthe aCompany ~~Wyoming-based~~exited ~~company~~development ~~providing~~stage ~~servicing~~status and ~~maintenance~~discontinued the financial statement presentation requirements under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 915, “Development Stage Entities.” However, upon the loss of ~~natural~~control ~~gas~~and ~~wells~~deconsolidation ~~for~~of ~~customers~~RTI ~~located~~effective inOctober 1, 2009, the ~~greater~~Company ~~Rocky~~re-entered ~~Mountain~~the ~~region~~development ~~since~~stage ~~1991~~effective October 1, 2009 and thus re-implemented the reporting requirements of ASC Topic 915 as of that date (see Note 5).

3. Recently Adopted and Issued Accounting Standards

~~Significant Accounting Policies~~Adopted

~~Principles~~Effective January 1, 2010, the Company adopted changes issued by the Financial Accounting Standards Board (“FASB”) on January 21, 2010, to disclosure requirements for fair value measurements. Specifically, the changes require a reporting entity to disclose separately the amounts of ~~Consolidation~~significant transfers in and out of Level 1 and Level 2 fair value measurements and describe the reasons for the transfers. The changes also clarify existing disclosure requirements related to how assets and liabilities should be grouped by class and valuation techniques used for recurring and nonrecurring fair value measurements. The adoption of these changes had no impact on the financial statements.

~~The~~Effective January 1, ~~accompanying~~2010, ~~consolidated~~the ~~financial~~Company ~~statements~~adopted ~~include~~changes issued by the ~~accounts~~FASB ofon February 24, ~~Insight~~2010, ~~Management~~to ~~Corporation~~accounting for and ~~its~~disclosure ~~subsidiary.~~of ~~All~~events ~~material~~that ~~intercompany~~occur after ~~accounts~~the ~~and~~balance ~~transactions~~sheet ~~have~~date, ~~been~~but ~~eliminated~~before infinancial ~~consolidation~~statements are issued or available to be issued, otherwise known as “subsequent events.” ~~Revenues~~Specifically, these changes clarified that an entity that is required to file or furnish its financial statements with the Securities and ~~expenses~~Exchange ofCommission ~~acquired~~(“SEC”) ~~companies~~is ~~are~~not required ~~included~~to asdisclose ofthe date through which subsequent events have been evaluated. Other than the ~~effective~~elimination of disclosing the date through which management has performed its evaluation for subsequent events, the adoption of these ~~acquisition~~changes had no impact on the financial statements.

~~Development Stage Operations~~Issued

~~Prior~~In January to2010, the ~~acquisition~~FASB ofissued ~~RTI,~~changes ~~the~~to ~~Company~~disclosure ~~had~~requirements ~~presented~~for ~~its~~fair ~~financial~~value measurements. ~~statements~~Specifically, asthe changes require a ~~development~~reporting ~~stage~~entity ~~enterprise~~to asdisclose, in itthe ~~had~~reconciliation ~~not~~of ~~realized~~fair ~~significant~~value ~~revenues.~~measurements ~~Although~~using ~~the~~significant ~~Company~~unobservable inputs ~~did~~(Level ~~not~~3), ~~realized~~separate ~~any~~information ~~revenues~~about inpurchases, ~~the~~sales, ~~periods~~issuances, ~~ended~~and settlements ~~June~~(that 30is, ~~2009,~~on ~~the~~a ~~Company~~gross ~~considers~~basis ~~itself~~rather tothan ~~have~~as ~~exited~~one ~~its~~net ~~development~~number). ~~stage~~These changes asbecome ofeffective ~~this~~for ~~date~~the ~~with~~Company beginning January 1, 2011. Other than the ~~acquisition~~additional ofdisclosure ~~RTI~~requirements, ~~which~~management has ~~significant~~determined ~~and~~these changes ~~long~~will ~~established~~not ~~business~~have ~~operations~~an ~~and~~impact ~~revenues~~on the financial statements.

~~The following significant accounting policies relate to the recently acquired RTI, and therefore have not been previously disclosed:~~5

~~Revenue~~4. ~~Recognition~~Going Concern

~~Revenue~~The accompanying isconsolidated ~~comprised~~financial ~~principally~~statements ofhave ~~service~~been ~~revenue~~prepared ~~from~~in ~~work~~conformity with ~~performed~~accounting ~~for~~principles ~~customers~~generally ~~under~~accepted ~~master~~in ~~service arrangements. Revenue is recognized at~~ the ~~time~~United aStates ~~work~~of ~~order~~America, which iscontemplate ~~completed and approved by~~ the ~~customer,~~continuation inof the ~~same~~Company ~~manner~~ as ~~they~~a ~~are~~going ~~contractually~~concern. ~~earned~~Except asfor a ~~such~~period ~~policy~~in ~~complies~~2009 ~~with~~in which the ~~following~~Company ~~criteria:~~had ~~(i) persuasive evidence of~~ an ~~arrangement~~operational ~~exists;~~subsidiary, ~~(ii)~~ the ~~services~~Company has ~~have~~operated ~~been~~as ~~provided;~~a ~~(iii)~~development ~~the~~stage ~~fee~~enterprise ~~is fixed~~ and ~~determinable,~~does ~~(iv)~~not ~~collectability~~have isan ~~reasonably~~established ongoing ~~assured.~~source ~~Once~~of ~~work~~revenues issufficient ~~approved,~~to ~~the~~cover ~~Company~~its ~~has~~operating nocosts ~~further~~and ~~service~~to ~~obligations~~allow it to ~~the~~continue ~~customer,~~as ata ~~which~~going ~~time~~concern, ~~the~~relying ~~work~~on ~~order~~limited isprivate ~~billed~~placements ~~and~~of isits stock ~~payable~~through ina ~~full~~Regulation byS ~~the~~offering ~~customer. The Company’s policy is not~~ to ~~grant~~fund ~~refunds~~its ordevelopment ~~other~~activities ~~credits~~while incurring ~~against~~significant ~~billed~~losses ~~amounts for completed~~ and ~~approved~~a ~~work~~working ~~orders~~capital deficit.

7The Company's ability to continue in existence is dependent upon developing sources of capital to continue its development activities. Management's plan is to raise capital through additional private offerings and financing initiatives, in addition to registering shares to raise equity capital in U.S. and foreign markets. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classifications or liabilities or other adjustments that might be necessary should the Company be unable to continue as a going concern.

~~Cash~~5. ~~and~~Discontinued ~~Cash Equivalents~~Operations

~~The~~As previously ~~Company~~reported, ~~considers~~on ~~all~~March ~~highly~~2, ~~liquid~~2010, ~~investments~~the ~~purchased~~RTI Sellers formally cancelled the RTI Stock Purchase Agreement with athe ~~maturity~~Company ofdated ~~three~~June ~~months~~30, or2009, ~~less~~due to bethe Company ~~cash~~defaulting ~~equivalents.~~on ~~There~~the ~~are~~Purchase noAgreement ~~cash~~terms ~~equivalents~~as atof September 30, 2009 orand subsequent ~~December~~extensions granted by the Sellers through modifications of the Purchase Agreement beginning October 1, 2009. Although formal termination of the Purchase Agreement did not occur until March 2, 2010, for accounting purposes the Company retrospectively recognized the loss of control and deconsolidation of RTI as effective upon the Company’s first default of the Purchase Agreement on October 1, 2009. Accordingly, there were no effects from this discontinued operation during the three month period ended March 31, ~~2008~~2010.

~~Accounts~~6. ~~Receivable~~Fair Value Measurements

The Company ~~provides~~adopted ~~credit~~certain inprovisions ~~the normal course~~ of ~~business~~FASB toASC ~~its~~Topic ~~customers.~~820, ~~The~~“Fair ~~Company~~Value ~~performs~~Measurements ~~ongoing credit evaluations of its customers~~ and Disclosures,” ~~maintains~~as ~~allowances for doubtful accounts based on factors surrounding the credit risk~~ of ~~specific customers~~April 1, ~~historical trends~~2009, ~~and~~to ~~other~~evaluate ~~information.~~the Anfair ~~allowance~~value isof certain ~~established~~of ~~with~~its afinancial ~~charge~~assets required to ~~bad~~be ~~debt~~measured ~~expense~~on ~~at the time management determines~~ a ~~customer~~recurring ~~balance has become doubtful~~basis. Under ~~Based~~FASB onASC ~~its~~Topic ~~evaluation~~820, ~~management~~based ~~believes~~on ~~all~~the ~~receivables~~observability ~~are~~of ~~collectible~~the asinputs ofused ~~September~~in ~~30,~~the valuation ~~2009~~techniques, ~~and~~the ~~therefore~~Company nois ~~allowance~~required ~~for~~to ~~doubtful~~provide ~~accounts~~the ~~has~~following information ~~been~~according ~~established.~~to ~~Substantially~~the ~~all~~fair ofvalue ~~the~~hierarchy. ~~Company’s~~The ~~customers~~fair ~~are~~value ~~engaged~~hierarchy ranks in the ~~oil~~quality and ~~gas~~reliability ~~industry~~of in the ~~western~~information ~~United~~used ~~States. This concentration of customers may impact overall exposure~~ to ~~credit~~determine ~~risk,~~fair values. ~~either~~Financial ~~positively~~assets orand ~~negatively,~~liabilities incarried ~~that~~at ~~customers~~fair ~~may~~value will be classified ~~similarly~~and ~~affected~~disclosed ~~by changes~~ in ~~general~~one ~~economic~~of ~~and/or~~the ~~specific~~following ~~industry~~three ~~conditions.~~categories:

~~Property~~● Level 1. Observable inputs such as quoted market prices in active markets. ● Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly, and ~~Equipment~~● Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

~~Property~~The Company ~~and~~had ~~equipment~~no ~~are~~assets ~~recorded~~or atliabilities ~~cost.~~that ~~Depreciation~~were ismeasured ~~computed~~and ~~using~~recognized ~~straight-line~~at ~~method~~fair value ~~based~~ on ~~the~~a ~~estimated~~non-recurring ~~useful~~basis ~~lives~~as of ~~the~~March ~~related~~31, ~~assets~~2010, ~~generally~~and ~~ranging~~as ~~from~~such, ~~three~~had tono ~~seven~~assets or ~~years~~liabilities that fell into the tiers described above.

~~Goodwill/Intangible~~The Company’s ~~Asset~~cash ~~Valuation~~and cash equivalents, accounts payable, and short term notes payable fair values approximates their carrying amounts due to their current maturities as of March 31, 2010.

Goodwill represents the excess of acquisition cost over the assigned fair value of the assets acquired, less liabilities assumed. Goodwill is tested for impairment annually at the same date every year and when an event occurs or circumstances change such that it is reasonably possible that impairment may exist, in accordance with procedures outlined in the Financial Accounting Standards Board’s ASC Topic 350, “Intangibles - Goodwill and Other”. The Company’s annual testing date is December 31.6

~~Finite-lived acquired intangible assets are amortized on a straight-line method over the estimated lives of the assets~~7. The intangible assets consist of customer relationships being amortized over a 15 year period, trade name being amortized over a 20 year period and non-compete agreements being amortized over a 5 year periods. Management evaluates potential impairment of finite-lived acquired intangible assets when appropriate. The value of the asset is reduced with a charge to impairment loss to the extent it is determined that the carrying value is no longer recoverable based upon the undiscounted cash flows of the asset.Debt

AsShort-Term Notes goodwill and intangible amortizable assets presented in the accompanying 2009 balance sheet were acquired on June 30, 2009, the recorded fair values of which were based upon an independent valuation, management believes no impairment of these assets exist as of this date. However, the Company is exposed to the possibility that changes in market conditions could result in significant impairment charges in the future.Payable

~~Fair~~At ~~Value~~March 31, ~~Measurements~~2010, the Company has an unsecured loan with a company in the amount of $21,000, the principal and accrued interest (6% annual rate) of which was due September 30, 2009. After September 30, 2009, an additional late charge of 5% accrues on the outstanding balance.

~~The~~At ~~Company~~March 31, ~~adopted FASB ASC Topic 820~~2010, ~~“Fair~~the ~~Value~~Company ~~Measurement~~has ~~and~~an ~~Disclosure”,~~unsecured atloan ~~inception.~~due ~~ASC~~its ~~Topic~~former ~~820 defines fair value~~subsidiary, ~~establishes a framework for measuring fair value~~RTI, ~~and~~in the ~~expands~~amount ~~disclosure~~ of ~~fair value measurements. FASB ASC Topic 820 applies under other accounting pronouncements that require or permit fair value measurements and accordingly~~$30, ~~does not require any new fair value measurements. SFAS No. 157 clarifies that fair value is an exit price~~296, ~~representing~~ the ~~amount~~principal ~~that~~and ~~would~~accrued beinterest ~~received~~(6% toannual ~~sell~~rate) anof which ~~asset~~is ordue ~~paid~~September ~~to transfer a liability in an orderly transaction between market participants. As such~~30, ~~fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability~~2010. AsAfter aSeptember ~~basis~~30, ~~for considering such assumptions~~2010, ~~FASB~~an ~~ASC~~additional ~~Topic~~late charge ~~820~~of ~~established~~4% aaccrues ~~three-tier~~on ~~fair value hierarchy, which prioritizes~~ the ~~inputs~~outstanding ~~used in measuring fair value as follows~~balance.

•Short-Term Notes Payable – Related Parties

~~Level~~At 1.March 31, ~~Observable~~2010, ~~inputs~~the ~~such~~Company ashas ~~quoted~~two ~~market~~unsecured ~~prices~~loans with two significant shareholders in ~~active~~the ~~markets~~amounts of $6,400 and $6,600, respectively, the principal and accrued interest (6% annual rate) of which were due September 30, 2009. An additional late charge of 5% accrues on the outstanding balance after the due date.

•On January 29, 2010, the Company executed an unsecured loan agreement with a shareholder for working capital in the amount of $15,000, the principal and accrued interest (6% annual rate) of which is due July 31, 2010. A late charge of 4% interest per annum will be incurred on any outstanding balance after August 31, 2010.

~~Level~~On February 2.11, ~~Inputs~~2010, ~~other~~the ~~than~~Company ~~the~~executed ~~quoted~~an ~~prices~~unsecured loan agreement with its CEO for working capital in ~~active~~the ~~markets~~amount of $10,000, ~~that~~the ~~are~~principal ~~observable~~and ~~either~~accrued ~~directly~~interest (6% orannual ~~indirectly~~rate) of which is due May 12, ~~and~~2010. A late charge of 4% interest per annum will be incurred on any outstanding balance after the due date.

•8. Related Party Transactions

~~Level~~At 3.March 31, ~~Unobservable~~2010, ~~inputs~~the inCompany ~~which~~owed ~~there~~a isshareholder ~~little~~$5,000 orfor nodevelopment ~~market~~and ~~data,~~marketing related ~~which~~services. ~~require~~On January 29, 2010, the ~~reporting~~Company ~~entity~~executed toa ~~develop~~short-term unsecured ~~its~~note ~~own~~payable ~~assumptions~~for $15,000 with this shareholder (see Note 7).

8The Company owes two significant shareholders unsecured loans totaling $13,000 at March 31, 2010 (see Note 7).

~~The~~On February ~~FASB’s ASC Topic 825~~11, ~~“Financial Instruments”~~2010, ~~became effective for~~ the Company onexecuted ~~January~~an 1,unsecured ~~2008.~~loan ~~FASB~~agreement ~~ASC~~with ~~Topic~~its 825 establishes a fair value option that permits entities to choose to measure eligible financial instruments and certain other items at fair value at specified election dates. A business entity shall report unrealized gains and losses on items CEO for ~~which~~working ~~the~~capital ~~fair value options have been elected~~ in ~~earnings at each subsequent reporting date. For~~ the ~~period~~amount ~~ended~~of ~~September 30~~$10,000 ~~2009,~~(see ~~there~~Note ~~were no applicable items on which the fair value option was elected~~7).

~~Acquisition~~9. ~~Accounting~~Subsequent Events

InWe ~~December~~have evaluated ~~2007,~~subsequent ~~the~~events ~~FASB~~and ~~issued~~transactions ~~guidance now codified as FASB ASC Topic 805, “Business Combination”. The statement retains the purchase method of accounting~~ for ~~acquisitions,~~potential ~~but~~recognition ~~requires~~or disclosure ~~a number of changes, including changes~~ in the ~~way~~financial ~~assets and liabilities are recognized in the purchase accounting~~statements. It also changes the recognition of assets acquired and liabilities assumed arising from contingencies and requires expensing of acquisition-related costs as incurred. FASB ASC Topic 805 was effective for us beginning January 1, 2009 and applies prospectively to business combinations completed on or after that date.

4In a series of transactions from April 5, 2010 to May 10, 2010, the Company issued four notes to two companies related by common control totaling $30,500 for working capital needs. The notes bear interest at 5%. Subject to conditions specified in the Convertible Promissory Note agreements, the outstanding principal amounts are automatically convertible to common shares at the maturity date, the number of which is equal to the product of the principal amount at 30% of the average closing market price of the three trading days preceding the maturity date. The maturity dates of the notes range from July 15, 2010 to November 15, 2010.

~~Recently Issued Accounting Standards~~7

~~In June 2009, the FASB issued guidance now codified as FASB ASC Topic 105, “Generally Accepted Accounting Principles,” as the single source of authoritative nongovernmental U.~~ITEM 2 MANAGEMENT’S. ~~GAAP.~~DISCUSSION ~~FASB~~AND ~~ASC~~ANALYSIS ~~Topic~~OR ~~105~~PLAN ~~does~~OF ~~not~~OPERATION change current U.S. GAAP, but is intended to simplify user access to all authoritative U.S. GAAP by providing all authoritative literature related to a particular topic in one place. All existing accounting standard documents will be superseded and all other accounting literature not included in the FASB Codification will be considered non-authoritative. These provisions of FASB ASC Topic 105 are effective for interim and annual periods ending after September 15, 2009 and, accordingly, are effective for the Company for the current fiscal reporting period. The adoption of this pronouncement did not have an impact on the Company’s financial condition or results of operations, but will impact our financial reporting process by eliminating all references to pre-codification standards. On the effective date of this Statement, the Codification superseded all then-existing non-SEC accounting and reporting standards, and all other non-grandfathered non-SEC accounting literature not included in the Codification became non-authoritative.

In September 2006, the FASB issued guidance now codified as FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. The pronouncement is effective for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. In February 2008, the FASB released additional guidance now codified under FASB ASC Topic 820, which provides for delayed application of certain guidance related to nonForward-financial assets and non-financial liabilities, except for items that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually), until fiscal years beginning after November 15, 2008, and interim periods within those years. The Company adopted certain provisions of FASB ASC Topic 820 that were unaffected by the delay in 2008. The implementation of this pronouncement did not have a material impact on our consolidated financial position, results of operations or cash flows. See Note 5, Fair Value of Financial Instruments, for these additional disclosures.Looking Information

InThis quarterly ~~April~~report ~~2009,~~contains ~~the~~forward-looking ~~FASB~~statements. ~~issued~~For ~~guidance~~this ~~now codified as FASB ASC Topic 825~~purpose, ~~“Financial~~any statements ~~Instruments,”~~contained ~~which~~herein ~~amends~~that ~~previous~~are ~~Topic~~not ~~825~~statements ~~guidance to require disclosures about fair value~~ of ~~financial~~historical ~~instruments~~fact inmay ~~interim~~be deemed asto ~~well~~be asforward-looking ~~annual financial~~ statements. ~~This~~These ~~pronouncement~~statements isrelate ~~effective~~to ~~for~~future events ~~periods~~or ~~ending~~to ~~after~~our ~~June~~future ~~15,~~financial ~~2009~~performance. ~~Accordingly,~~In ~~the~~some ~~Company~~cases, ~~adopted~~you ~~these~~can ~~provisions~~identify forward-looking ofstatements ~~FASB~~by ~~ASC~~terminology ~~Topic~~such ~~825~~as on“may,” ~~April~~“will,” 1“should,” “expects,” ~~2009.~~“plans,” ~~The~~“anticipates,” ~~adoption~~“believes,” of“estimates,” ~~this~~“predicts,” “potential” ~~pronouncement~~or ~~did~~“continue” ~~not~~or ~~have~~the anegative ~~material impact on our consolidated financial position, results~~ of ~~operations~~such terms or ~~cash~~other ~~flows~~comparable terminology. ~~However,~~These ~~these~~statements ~~provisions~~are ofonly ~~FASB~~predictions. ~~ASC~~Actual ~~Topic~~events ~~825~~or ~~resulted~~results inmay differ ~~additional~~materially. ~~disclosures~~There ~~with~~are ~~respect~~a tonumber ~~the fair value~~ of ~~the~~factors ~~Company’s~~that ~~financial~~could ~~instruments.~~cause ~~See~~our ~~Note~~actual results 5,to ~~Fair~~differ ~~Value~~materially offrom ~~Financial~~those ~~Instruments,~~indicated ~~for~~by ~~these~~such ~~additional disclosures~~forward-looking statements.

InAlthough we ~~May~~believe ~~2009,~~that the ~~FASB~~expectations ~~issued~~reflected ~~guidance~~in ~~now~~the ~~codified~~forward-looking asstatements ~~FASB~~are reasonable, ~~ASC~~we ~~Topic~~cannot ~~855,~~guarantee ~~“Subsequent~~future ~~Events~~results,” ~~which~~levels ~~establishes general standards~~ of ~~accounting~~activity, ~~for~~performance, or ~~and~~achievements. ~~disclosures of~~Moreover, ~~events~~we ~~that~~do ~~occur~~not ~~after~~assume ~~the~~responsibility ~~balance~~for ~~sheet~~the ~~date~~accuracy ~~but~~and completeness ~~before~~of ~~financial~~such forward-looking statements. We are ~~issued~~under orno ~~are~~duty ~~available~~ to beupdate any ~~issued.~~of ~~This~~the ~~pronouncement~~forward-looking isstatements ~~effective~~after ~~for~~the ~~interim~~date orof ~~fiscal~~this ~~periods~~report ~~ending~~to ~~after~~conform such ~~June~~statements ~~15,~~to ~~2009.~~actual ~~Accordingly, the~~ results.

9The following discussion should be read along with our financial statements as of March 31, 2010, which are included in Item 1 of this document. This discussion contains forward-looking statements about our expectations for our business and financial needs. These expectations are subject to a variety of uncertainties and risks that may cause actual results to vary significantly from our expectations. The cautionary statements made in our Report on Form 10-K should be read as applying to all forward-looking statements in any part of this report.

Company adopted these provisions of FASB ASC Topic 855. The adoption of this pronouncement did not have a material impact on our consolidated financial position, results of operations or cash flows. However, the provisions of FASB ASC Topic 855 resulted in additional disclosures with respect to subsequent events. See Note 12, Subsequent Events, for this additional disclosure.General

5Insight Management Corporation, formerly known as Skreem Records Corporation was an entertainment development, marketing and production company formed in May 2006. Originally the recording and artist management division for an international entertainment media company with multiple hit releases, Skreem Records was formed to continue these operations globally.

~~Fair~~As ~~Value~~a result ~~Measurements~~of the reverse triangular merger with Microresearch Corporation on June 29, 2009, Insight Management’s core business focus has changed to the energy industry. The Company has a strategic plan for growth through acquisition and functions from the perspective of an engineering firm. This is the nucleolus that directs what acquisitions are made and creates strategic alliances, develops proprietary technology and patents that bring the expertise and ultimately creates the real value for Insight Management. The Company expects to retain the strong management teams in each business unit, capitalizing on their local knowledge of competitors and operating climate, along with their loyal customer relationships.

~~The~~On ~~Company~~March 2, ~~adopted~~2010, ~~certain~~Insight ~~provisions~~Management ofCorporation ~~FASB~~and ~~ASC~~Rebel ~~Topic 820~~Testing, Inc. (“~~Fair~~RTI”) terminated ~~Value~~the ~~Measurements~~stock ~~and~~purchase ~~Disclosures,~~acquisition agreement (“acquisition agreement”) that aswas ofsigned ~~April~~on 1March 6, 2009,. The continuing slow recovery of the economy from the recession and the overall uncertainty in the business environment greatly impacted Insight Management’s ability to ~~evaluate~~raise capital for the ~~fair~~acquisition. RTI ~~value~~had ofgranted ~~certain~~two ofextensions ~~its~~for ~~financial~~the ~~assets~~initial payment, ~~required~~December 31, 2009, and February 28, 2010. Insight Management was not able to besecure ~~measured~~funding onin time to meet the February deadline and could not give RTI a ~~recurring~~definitive ~~basis.~~timeframe ~~Under~~as ~~FASB~~to ~~ASC~~when ~~Topic~~funding ~~820~~could be secured. As such, ~~based~~RTI ondeclined ~~the~~to ~~observability~~grant a third extension of the payment ~~inputs~~date. As ~~used~~presented in the ~~valuation~~company’s ~~techniques,~~2009 ~~the~~year ~~Company~~end is10-K filing, ~~required~~for toaccounting ~~provide~~purposes the ~~following~~10-K ~~information~~financial ~~according~~statements toretrospectively reflected the ~~fair~~loss ~~value~~of ~~hierarchy.~~control ~~The~~and ~~fair~~deconsolidation ~~value~~of ~~hierarchy~~RTI ~~ranks~~as ~~the~~effective ~~quality~~upon ~~and~~the Company’s ~~reliability~~first default of the ~~information~~Purchase ~~used~~Agreement toon ~~determine~~October ~~fair~~1, 2009. Therefore, ~~values~~the Company re-entered the Development Stage as of October 1, 2009. In ~~Financial~~connection ~~assets~~with ~~and~~the ~~liabilities~~RTI ~~carried~~deconsolidation, atall ~~fair~~of the ~~value~~RTI ~~will~~assets bewere ~~classified~~transferred to the RTI Sellers and ~~disclosed~~the inacquisition ~~one~~debt ofwas cancelled as provided for under the ~~following~~terms ~~three~~of ~~categories:~~the Purchase Agreement.

~~Various~~Management is ~~inputs~~assessing ~~are~~the ~~considered~~options ~~when~~for ~~determining~~continuing ~~the~~to ~~value~~pursue ofits ~~the~~strategic ~~Company’s~~plan ~~investments~~as ~~and~~defined below ~~long-term~~which ~~debt.~~is ~~The~~dependent ~~inputs~~upon ordeveloping ~~methodologies~~additional ~~used~~sources ~~for~~of ~~valuing~~capital. ~~securities~~The Company ~~are~~will ~~not~~also ~~necessarily~~consider anopportunities ~~indication~~to ofseek ~~the~~a ~~risk~~business ~~associated~~combination with ~~investing~~an operating or development stage business in ~~these~~a ~~securities.~~related ~~These~~or ~~inputs~~unrelated ~~are~~industry, which ~~summarized~~desires into employ the ~~three~~Company ~~broad~~to ~~levels~~become ~~listed~~a ~~below~~reporting corporation under the Securities Exchange Act of 1934.

•8

~~Level 1. Observable inputs such as quoted market prices in active markets.~~Strategic Plan

•Insight Management has a three step approach to value creation:

~~Level 2~~1. ~~Inputs,~~Find ~~other~~and ~~than~~negotiate the ~~quoted~~acquisition ~~prices~~of insmall ~~active~~to ~~markets,~~midsize oil and gas companies that ~~are~~have ~~observable~~strong ~~either~~financial ~~directly~~track orrecords ~~indirectly,~~and experienced management. Insight Management has a method of identifying and securing acquisitions that meet the following criteria:

•● Solid growth history ● Profitable ● Opportunity to increase profits ● Strong management team willing to stay on board for a minimum of three years ● Little or no debt on the books

~~Level~~These companies 3.are ~~Unobservable~~primarily ~~inputs~~successful infamily ~~which~~owned ~~there~~businesses isthat ~~little~~are orlooking nofor a way to increase market ~~data,~~presence ~~which~~and ~~require~~provide financial security for the ~~reporting~~owners while ~~entity~~at the same time leading further growth and technological advancement. Insight Management offers all of that by taking the Company to ~~develop~~the ~~its~~public marketplace, ~~own~~providing ~~assumptions~~valuable business management experience to identify operating efficiencies, linking companies together to exploit synergies, and providing technical expertise and technology to their already successful businesses.

~~The~~2. ~~Company~~Apply ~~had~~the notechnology ~~assets~~and orgain ~~liabilities~~efficiencies ~~that~~from ~~were~~synergies ~~measured~~provided by the multiple acquisitions. Insight Management will use its technology to improve the operations of the companies acquired and ~~recognized~~possibly license the technology for increase revenue at ~~fair~~little ~~value~~to onno aadditional ~~non-recurring~~cost. ~~basis~~Insight asManagement will also exploit the opportunity to gain efficiencies from the consolidation of ~~September~~its ~~30,~~acquisitions. ~~2009~~The orcompany ~~2008,~~managers will have the opportunity to share best practices and aswork ~~such,~~together ~~had~~to nogain ~~assets~~market orshare ~~liabilities~~and ~~that~~drive ~~fell~~growth ~~into~~to the ~~tiers~~bottom ~~described above~~line.

~~The~~3. ~~following~~Continuously ~~table~~work ~~presents~~towards ~~assets~~increasing market awareness and ~~liabilities~~move ~~that~~the ~~are~~stock ~~measured~~to ~~and~~larger ~~recognized~~public atmarkets. ~~fair~~Insight ~~value~~Management ashas ofexperienced ~~June~~personnel ~~30,~~to ~~2009~~improve onmarket aawareness ~~non-recurring~~and ~~basis,~~gradually asincrease ainstitutional ~~result~~holding of the stock. Value will come from continued growth through acquisition onand ~~June~~deployment ~~30,~~of ~~2009~~developed technologies. ~~Refer~~The tocurrent ~~Note~~strategy 7allows for ~~further~~rapid ~~details:~~expansion of revenues and profit.

Description	Level 1		Level 2		Level 3		Total Gains (Losses)
Intangible assets	$	—	$	—	$	2,950,000	$	—
Goodwill	$	—	$	—	$	645,000	$	—
Conditonal note payable	$	—	$	—	$	4,631,692	$	—

RESULTS OF OPERATIONS: Three months ended March 31, 2010 and March 31, 2009

The Company adopted the provisions of FASB ASC Topic 825, “Financial Instruments,” on April 1, 2009, which require disclosures about the fair value of financial instruments in interim as well as annual financial statements.Revenues –

The Company’s ~~cash~~recorded ~~and~~no ~~cash~~revenues ~~equivalents,~~for ~~trade~~the ~~accounts~~three ~~receivable,~~months ~~accounts~~ended ~~payable~~March 31, ~~accrued~~2010 ~~liabilities~~ and ~~short term note payable fair values approximates their carrying amounts due to their current maturities as of September 30,~~ 2009.

~~The~~Operating Expenses Company’s long-term debt with aggregate book value of $4,709,836 had aggregated fair value of approximately $4,847,975 as of September 30, 2009. These changes in fair value from their carrying amounts are primarily due to the difference between accounting for the October 6, 2009, debt modification using the effective interest rate method and fair value method. See note 9 for more details. The Company determined the estimated fair value amounts by using commonly accepted valuation methodologies and unobservable inputs in which there is little or no market data, and the reporting entity’s own assumptions. (Level 3) However, considerable judgment is required in interpreting market data to develop estimates of fair value. Accordingly, the fair value estimates presented herein are not necessarily indicative of the amount that the Company could realize in a current market exchange. The use of different assumptions and/or estimation methodologies may have a material effect on the estimated fair value.–

10Operating expenses for the three months ended March 31, 2010 and 2009 were $93,874 and $169,177, respectively, a decrease of $75,303 or 45%. This decrease was primarily due to the decrease in consulting fees of $86,550 in the three months ended March 31, 2009 versus $15,263 in the same period for 2010. During this period in 2009, the Company was extensively engaged in its development activities with a pending reverse merger with Microresearch Corporation and an acquisition in progress with Rebel Testing, Inc., requiring more consulting services by the Company. Development activities were significantly reduced during the first quarter of 2010 due to inadequate working capital.

6.Interest Expense –

~~Going~~For ~~Concern~~the three months ended March 31, 2010 and 2009, the Company recorded interest expense in the amount of $12,733 and $0, respectively. Interest charges during the first quarter of 2010 were from outstanding working capital loans obtained by the Company beginning in the third quarter of 2009, and finance charges incurred from overaged accounts payable.

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate the continuation of the Company as a going concern. Until the acquisition of Rebel Testing, Inc. on June 30, 2009, the Company operated as a development stage enterprise Liquidity and ~~had~~Capital not established an ongoing source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern, relying on limited private placements of its stock through a Regulation S offering to fund its development activities while incurring significant losses and a working capital deficit. The Company has incurred significant debt by the acquisition of Rebel Testing and must raise capital in the near term to service this debt or risk termination of the acquisition.Resources

~~The~~As ~~Company’s~~of March ~~ability~~31, to2010, ~~continue~~the inCompany ~~existence~~had iscash ~~dependent~~of ~~upon~~$250 ~~developing~~and ~~additional~~a ~~sources~~working of capital todeficit ~~service its acquisition debt and continue expansion~~ of $471,205. ~~its~~Cash ~~business~~used inby ~~oil~~operations &was ~~gas~~$43,023 ~~field~~for ~~services.~~the ~~Management’s~~three ~~plan~~months isended toMarch 31, ~~raise~~2010 ~~capital~~versus ~~through additional private offerings and financing initiatives~~$138,447 in ~~addition~~the tosame ~~registering~~period ~~shares to raise equity capital~~ in U2009.S. ~~and foreign markets.~~ The ~~accompanying~~use ~~financial~~of ~~statements~~cash dofor operations ~~not~~in ~~include~~the ~~any~~first ~~adjustments~~quarter ~~relating~~of to2009 ~~the~~was ~~recoverability~~financed ~~and~~by ~~classification~~residual receipts of $127,045 ~~recorded~~from ~~asset~~a ~~amounts~~Regulation orS ~~the~~stock ~~amount~~offering, ~~and~~whereas ~~classifications~~the orreduced ~~liabilities~~operations orfor the ~~other~~same ~~adjustments~~period ~~that~~in ~~might~~2010 behave ~~necessary~~been ~~should~~financed ~~the~~by ~~Company~~loans beand ~~unable~~capital tocontributions from ~~continue~~shareholders asand aan ~~going~~officer ~~concern~~totaling $40,000.

7To date, the Company’s primary source of working capital to sustain its development activities has been private offerings of common stock through a Regulation S agreement in 2008 which has since terminated. The Company has also placed a limited amount of common stock with an existing shareholder in 2009 for additional working capital and obtained a limited amount of working capital loans from service providers, shareholders and officers. The Company has also attempted to control its working capital deficit by inducing certain debt holders to convert loans to common stock.

~~Acquisitions~~The Company presently has inadequate cash reserves and sources for further working capital to fund its expenses over the next twelve months. As a development stage entity the Company’s ability to meet its obligations and continue as a going concern is dependent upon raising new capital through advances from current shareholders, issuing equity securities to existing and new shareholders, and exploring private equity and debt financing opportunities. The Company will also consider opportunities to seek a business combination with an operating or development stage business in a related or unrelated industry, which desires to employ the Company to become a reporting corporation under the Securities Exchange Act of 1934. If it becomes necessary for us to raise additional funds to support normal operations during the next twelve months, we may choose to sell additional common stock, especially if we enter into an agreement to effectuate a business combination with another entity.

~~Reverse Merger - Microresearch~~9

~~On June 29, 2009, the~~ The Company ~~acquired~~has ~~through~~an aagreement ~~wholly-owned~~with ~~subsidiary~~Auctus ~~all~~Private ~~outstanding~~Equity ~~common~~Fund, ~~stock~~LLC offor ~~Microresearch Corporation in a reverse triangular merger. Under~~ the ~~merger~~sale ~~agreement,~~of ~~Microresearch~~up to ~~shareholders~~$10 million ~~were issued 1½ shares~~ of the Company’s common stock inover ~~exchange~~a ~~for~~36 ~~each~~month period. The ~~outstanding~~agreement ~~share~~is ofcontingent ~~Microresearch,~~upon ~~resulting~~submission inof ~~66,305,792~~an ~~common~~effective registration ~~shares~~statement ~~issued~~with by the ~~Company~~SEC. toThe ~~effect~~Company ~~the~~hopes ~~acquisition.~~that ~~For~~it ~~accounting~~will ~~purposes,~~succeed ~~the~~in having ~~acquisition~~an ~~has~~effective ~~been~~registration ~~treated~~statement, aswhich awill ~~recapitalization~~facilitate ofraising capital ~~Microresearch,~~and ~~with~~facilitate ~~Microresearch~~further ~~as the acquirer~~sales. ~~This~~However, ~~determination~~there is ~~due~~no toguarantee ~~the~~that ~~fact~~any effective ~~that~~registration ~~the~~statement ~~previously~~will ~~established~~result ~~public~~in ~~company~~raising ~~did~~sufficient ~~not~~capital to meet the ~~definition~~Company’s ofneeds, aif ~~business.~~any at all. The ~~historical~~initial ~~consolidated~~S-1 ~~financial~~registration was ~~statements~~withdrawn, ~~prior~~February ~~to June 29~~28, ~~2009 are those of Microresearch~~2010, ~~with~~on ~~capital retroactively adjusted by~~ the ~~common~~grounds ~~stock~~that ~~exchange ratio established in~~ the ~~merger~~Company ~~agreement.~~had We determined that ~~this transaction to be~~ a ~~reverse~~renegotiation ~~merger because the shareholders~~ of ~~Microresearch~~terms ~~own~~was anecessary ~~majority~~concerning of the ~~shares~~equity line agreement and ~~voting~~such ~~rights~~renegotiation ~~post~~would ~~merger~~not inbe ~~addition~~appropriate toduring athe ~~majority~~pendency of the Registration ~~Company’s new management and board of directors positions~~Statement. The Company ~~elected~~hopes to ~~change~~accomplish ~~our~~an ~~name~~S-1 ~~and~~filing in ~~keep~~ the ~~former~~near ~~public~~term, ~~company~~but ~~name~~the timing of ~~Insight~~which, ~~Management~~at ~~Corporation~~this time, is indeterminable.

~~Purchase Acquisition – Rebel Testing, Inc.~~Going Concern

~~Effective~~The accompanying ~~June~~consolidated ~~30,~~financial ~~2009,~~statements ~~the~~have ~~Company~~been ~~acquired~~prepared ~~all~~in ~~outstanding~~conformity with ~~common~~accounting ~~stock~~principles ofgenerally ~~Rebel~~accepted ~~Testing, Inc. (“RTI”). As initial consideration, the RTI shareholders (“Sellers”) received $20,000~~ in ~~cash at closing. The Company also executed a Conditional Promissory Note (“Conditional Note”) to~~ the ~~Sellers~~United ~~with~~States ~~a face value~~ of $4America,~~980,000.~~ which ~~Under~~contemplate the ~~terms~~continuation of the ~~Stock~~Company ~~Purchase~~as ~~Acquisition~~a ~~Agreement~~going ~~(“Purchase~~concern. ~~Agreement”)~~Except ~~and~~for a ~~the~~period ~~Conditional~~in ~~Note,~~2009 ~~$2,230,000~~ in ~~cash~~which ~~is unconditionally due by~~ the Company ~~within~~had 60an ~~days~~operational ~~after effective registration of shares with the Securities and Exchange Commission~~subsidiary, ~~which shall not exceed 90 days from~~ the ~~closing~~Company has ~~date.~~operated ~~This~~as ~~portion of the Conditional Note bears interest at~~ a 6%development ~~annual~~stage ~~rate~~enterprise ~~until~~and ~~paid.~~does ~~The~~not ~~remaining~~have ~~$2,750,000~~an ~~face~~established an ~~value~~ongoing ofsource ~~the Conditional Note~~ of ~~$2,401,692,~~revenues ~~the~~sufficient ~~discounted~~to ~~fair~~cover ~~value~~its atoperating ~~the~~costs ~~acquisition~~and ~~date~~to allow isit ~~contingent~~to ~~upon~~continue ~~RTI~~as ~~achieving~~ a ~~performance~~going ~~target~~concern, asrelying ~~defined~~on inlimited ~~the~~private ~~Purchase~~placements of ~~Agreement~~its ~~over~~stock ~~three~~through ~~twelve-month~~a ~~periods~~Regulation ~~following~~S ~~the~~offering ~~closing, and represents the maximum additional consideration which may be paid~~ to ~~the~~fund ~~Sellers.~~its ~~Upon~~development ~~achieving~~activities while ~~the~~incurring ~~defined~~significant ~~performance~~losses ~~target, the maximum payment~~ and ~~due~~a ~~date~~working ~~for~~capital ~~each period is as follows:~~ deficit.

Original due dates	Payments
July 31, 2010	$	1,000,000
July 31, 2011	$	1,000,000
July 31, 2012	$	750,000

The Company's ability to continue in existence is dependent upon developing sources of capital to continue its development activities. Management's plan is to raise capital through additional private offerings and financing initiatives, in addition to registering shares to raise equity capital in U.S. and foreign markets. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classifications or liabilities or other adjustments that might be necessary should the Company be unable to continue as a going concern.

~~Should~~ITEM 3. QUANTITATIVE ~~any~~AND ofQUALITATIVE ~~the~~DISCLOSURES ~~above~~ABOUT ~~amounts~~MARKET ~~become due, the Company may elect to pay the balance over four equal quarterly installments following the due date, the unpaid principal of which will bear interest at a 10%~~ RISK

11The Company is subject to certain market risks, including changes in interest rates and currency exchange rates. The Company does not undertake any specific actions to limit those exposures.

~~annual rate until fully paid~~ITEM 4. CONTROLS ~~The~~AND ~~entire balance due, or conditionally due, under the Conditional Note is secured by the RTI shares.~~PROCEDURES

~~The~~Disclosure Controls total cost of the acquisition was $4.7 million, with $1.1 million in net assets acquired at fair value, resulting in an excess of consideration over value received of $3.6 million. The Company engaged an independent consultant to assess the fair value of the net assets acquired, and to assess the excess consideration for potential amortizable intangible assets and determine a value for such assets that may be identified. The valuation also determined the discounted value for the Conditional Note, as portions of this obligation contained no interest terms over their periodic maturity dates. The identified intangible assets and assigned values were as follows: Procedures

Existing customer relationships	$	2,211,000
Trade name		329,000
Non-compete agreements		410,000
Total identified intangible assets	$	2,950,000

The company carried out an evaluation under the supervision and with the participation of our management, including the Chief Executive Officer (CEO) and Chief Financial Officer (CFO), of the effectiveness of our disclosure controls and procedures as of March 31, 2010. Based on that evaluation, the CEO and CFO have concluded that our disclosure controls and procedures are not effective to provide reasonable assurance that: (i) information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934 is accumulated and communicated to our management, including the CEO and CFO, as appropriate to allow timely decisions regarding required disclosure by us; and (ii) information required to be disclosed by us in reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms.

~~The~~As ~~above~~of ~~total value was recorded in~~ the quarter ~~acquisition~~ended ~~accounting,~~March ~~on June 30~~31, ~~2009 as identified intangible assets~~2010, ~~with~~there ~~the~~were ~~remaining~~no ~~unidentified~~changes ~~excess~~in ~~consideration of $645,764 recorded as goodwill as of~~ the ~~acquisition date. The~~ Company’s ~~recorded~~internal control anover ~~additional~~financial ~~$81,407~~reporting ~~of Goodwill during the third quarter of 2009, due to new information obtained about facts and circumstances~~ that ~~existed~~have asmaterially ~~of the acquisition date~~affected, ~~regarding~~or ~~the~~are reasonably ~~fair~~likely ~~values~~to ~~of the fixed assets acquired in Rebel Testing~~affect, ~~Inc~~its ~~acquisition~~internal oncontrol ~~June~~over ~~30, 2009~~financial reporting. ~~Refer to Note 8 for the change in carrying value of goodwill and for the useful lives of the identified intangible assets and the amortization for the three month period ending September 30, 2009.~~

The following summary presents the estimated fair values of the assets acquired and liabilities assumed for RTI as of the effective date of acquisition, prior to the adjustment to the property and equipment fair values during the third quarter of 2009. Refer to Note 8 for further details. 10

Current assets	$	437,599
Property and equipment		640,675
Total assets acquired		1,078,274
Current liabilities (other than debt obligations)		17,809
Debt obligations - current portion		4,537
Total liabilities assumed		22,346
Net assets acquired	$	1,055,928
Purchase price:
Cash at closing	$	20,000
Seller-financed debt		4,631,692
Total purchase price		4,651,692
Excess of purchase price over net assets acquired		3,595,764
Less: Excess purchase price allocated to identified intangible assets		2,950,000
Goodwill	$	645,764

PART II - OTHER INFORMATION

~~Pro~~ITEM 1. LEGAL ~~Forma Information~~PROCEEDINGS

Unaudited pro forma information for the Company is presented below as if the acquisition of RTI had taken place as of January 1 for each of the fiscal years presented. This pro forma information does not purport to be indicative of the results of operations which would have resulted had the acquisition been consummated at the dates assumed. None

	Nine Months Ended Sep 30,
	2009			2008
	(unaudited)			(unaudited)
Revenues	$	1,681,073		$	2,534,673
Net income (loss)	$	(310,625	)	$	464,099
Basic and diluted per share income (loss)	$	(0.00	)	$	0.00

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

12None

8ITEM 3. DEFAULTS UPON SENIOR SECURITIES

~~Goodwill and other Intangible Assets~~None

~~The~~ITEM 4. SUBMISSION ~~Company~~OF ~~recorded~~MATTERS anTO ~~additional~~A ~~$81,407~~VOTE ofOF Goodwill due to new information obtained about facts and circumstances that existed as of the acquisition date, regarding the fair values of the fixed assets acquired in Rebel Testing, Inc acquisition on June 30, 2009.SECURITY HOLDERS

~~The change in the carrying value of goodwill is as follows:~~ None

June 30, 2009 Balance	$	645,764
Adjustment to fair value of property and equipment		81,407
September 30, 2009 Balance	$	727,171

ITEM 5. OTHER INFORMATION

~~Intangible assets were recognized in conjunction with the Rebel Testing, Inc acquisition on June 30, 2009. There were no intangible assets prior to this acquisition.~~ None

September 30, 2009
(unaudited)
	Estimated useful Life (Years)		Gross carrying Amount		Accumulated Amortization		Net
Intangible assets
Existing customer relationships		15	$	2,211,000	$	36,850.00	$	2,174,150
Trade name		20		329,000	$	4,113		324,887
None-compete agreements		5		410,000	$	20,500.00		389,500
			$	2,950,000	$	61,463.00	$	2,888,537

ITEM 6. EXHIBITS

Amortization expense on intangible assets for the three months and nine months ended September 30, 2009 was $61,463. Amortization expense on intangible assets for the three months and nine months ended September 30, 2008 was nil. At September 30, 2009 estimated amortization expense for the remainder of fiscal 2009 and years thereafter are as follows:

Number		Description
31.1(1)		Certification of Chief Executive Officer of Insight Management Corporation Required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1(1)		Certification of Chief Financial Officer of Insight Management Corporation Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 Of 18 U.S.C. 63

	Estimated Amortization Expense
2009 (remainder)	$	61,463
2010		245,852
2011		245,852
2012		245,852
2013		245,852
2014		204,852
Thereafter		1,638,814
Total	$	2,888,537

———————

9.(1) Filed herewith

~~Debt~~11

~~Short-Term Note Payable~~SIGNATURE

~~The~~Pursuant to ~~Company has an unsecured loan with an unrelated company in~~ the ~~amount~~requirements of ~~$34,000,~~ the ~~principal~~Securities ~~and~~Exchange ~~accrued~~Act ~~interest (6% annual rate)~~ of ~~which~~1934, ~~was~~as ~~due September 30~~amended, ~~2009.~~this report Ahas ~~late~~been ~~charge~~signed ofbelow 5%by ~~interest~~the ~~per~~following ~~annum~~persons ~~will~~on bebehalf ~~incurred~~of ~~after~~the Registrant ~~September~~and ~~30,~~in ~~2009,~~the incapacities ~~terms~~and ofon the ~~loan~~date ~~agreement~~indicated.

Long-Term Debt


	INSIGHT MANAGEMENT CORPORATION

Date: May 13, 2010	By:	/s/ Jennifer Rapacki
		Jennifer Rapacki
		Chief Executive Officer
		(Principal Executive Officer)

As more fully described in Note 7, the Company incurred conditional and unconditional obligations (the “Conditional Note” and “Unconditional Note”) with a total face value of $4,980,000 in the acquisition of RTI. $2,230,000 of this amount is unconditional current debt and $2,750,000 is conditionally due 30 days after the close of three 12~~-month periods beginning June 30, 2009 should RTI achieve a performance target for each period as defined in the Purchase Agreement (“Maturity Intervals”).~~

Due to the requirements of fair value for contingent consideration pursuant to FASB ASC Topic 805, “Business Combination”, an independent valuation of the conditional portion of the Conditional Note determined its fair value at $2,401,692 at the acquisition date. This valuation resulted in a discount applied to each of the conditional amounts due at the Maturity Intervals, as there were no interest terms stated in

the Conditional Note for this portion of the debt. The total discount of $348,308 will be amortized to interest expense over the lives of each of the three maturity periods of this debt. $42,641 has been amortized during the nine months ended September 30, 2009.

On June 30, 2009, the inception date, of the $2,750,000 Conditional Note, notwithstanding the discount applied, the due dates and future payments was:

Original due dates	Payments
July 31, 2010	$	1,000,000
July 31, 2011	$	1,000,000
July 31, 2012	$	750,000

By agreement dated October 6, 2009, the Company and Rebel Testing, Inc shareholders (“Sellers”) entered into a Modification to Acquisition Agreement (“Modified Purchase Agreement”). Pursuant to the Modified Purchase Agreement, the parties agreed to waive and release one another from certain closing conditions, modify the note payment terms and certain note amounts under the Stock Purchase Agreement of June 29, 2009 between the Company and the Sellers, by which the Company acquired Rebel Testing, Inc from the Sellers.

Under the terms of the Modified Purchase Agreement, the Sellers and the Company agreed to extend the deadline of $2,230,000, originally due on or before September 27, 2009, until December 31, 2009 and waive the 6% interest rate per annum from June 29, 2009 to September 27, 2009, and the Sellers and the Company agreed to increase the amount due by $214,505 with interest of 6% per annum from September 30, 2009, payable on the same day as the $2,230,000. The additional amount of $214,505 will be accreted using the effective interest method as additional financing expense. The accretion begins September 27, 2009 and will be completed in full by December 31, 2009, the due date. The company deemed the accretion expense as of September 30, 2009 to be immaterial, and thus will begin accretion on October 1, 2009.

In accordance with the guidance in FASB ASC 470-50, “Debt-modifications and Extinguishments”, the amended Unconditional Note amount is not substantially different to the original Unconditional Note amount, due to the present value of the change in cash flows being less than 10% and there is no change in the creditor. The Company accounts for the modification of terms prospectively using the new effective interest rates of the various notes.

The carrying value as September 30, 2009 is $2,263,725 and the new effective interest rate on the amended note is 38%. During the three and nine months ended September 30, 2009, the Company recorded interest expense of $33,725 on the note.

The Sellers and the Company also agreed to modify the due dates on the remaining $2,750,000 Conditional Notes, presented at a discounted fair value amount of $2,401,692 in the June 30, 2009 balance sheet by extending the due dates by three months for each payment amount. The payment amounts remain contingent upon Rebel Testing, Inc achieving a the same performance target as defined in the Purchase Agreement over three twelve-month periods, and remains the maximum additional consideration which may be paid to the Sellers. The start of the three twelve-month periods was changed from the date of closing to September 30, 2009.

In accordance with the guidance in FASB ASC 470-50, “Debt-modifications and Extinguishments”, the amended Conditional Note amount is not substantially different to the original Conditional Note amount, due to the present value of the change in cash flows being less than 10% and there is no change in the creditor. The Company accounts for the modification of terms prospectively using the new effective interest rates of the various notes.

The amended Conditional Notes carrying value at September 30, 2009 is $2,444,333 and the new effective interest rate, the modified due dates and maximum future payments is summarized in the following table:

Due dates	Payments		Effective interest rates
October 30, 2010	$	1,000,000	4.90	%
October 30, 2011	$	1,000,000	6.20	%
October 30, 2012	$	750,000	7.50	%

During the three and nine months ended September 30, 2009, the Company recorded interest expense of $42,641 on the note.

Also a result of the RTI acquisition, the Company assumed loans owed to two financing institutions totaling $4,537, which mature in July and December 2009 and are secured by a vehicle and equipment. The amount outstanding as at September 30, 2009 is $1,788

10.

Stockholders’ Deficit

Shares Issued for Cash/Debt Cancellation

During the nine months ended September 30, 2009, the Company sold 2,109,975 common shares under a Regulation S Stock Purchase Agreement with a foreign placement company dated August 4, 2008. The Company received a total of $245,322 in cash during the nine months ended September 30, 2009 for these shares and shares which had been subscribed and issued during the year ended December 31, 2008.

On June 30, 2009, an existing stockholder was issued 7,000,000 common shares in exchange for cancellation of $16,892 in debt and a subscription receivable of $39,340. The total market price of the 7,000,000 shares was $550,000, resulting in a $533,108 loss. The Company recorded this loss as a reduction of additional paid-in capital due to the related party nature of the transaction. The subscription receivable has no payment terms. Subsequent to June 30, 2009, the Company received a total of $15,000 in cash for the subscription receivable.

On July 1, 2009, the Company cancelled 5,250,000 common shares surrendered by former shareholders of Microresearch, for no consideration.

On July 23, 2009, the Company issued 140,000 common shares to the former shareholders of Microresearch as compensation for the assignment of a company with no assets or liabilities. The total market price of the 140,000 shares was $10,599.

On September 04, 2009, a creditor was issued 7,000,000 common shares in exchange for cancellation of $250,000 in debt including finance costs of $35,000. The total market price of the 7,000,000 shares was $250,000.

During the nine months ended September 30, 2009, the Company wrote off a $3,100 subscription receivable it determined to be uncollectible.

On October 20, 2009, the Company’s Board of Directors approved the increase of authorized shares from 150,000,000 to 1,000,000,000 and a seven-for-one stock split of the Company’s common stock, with no fractional shares, to the shareholders of record as of November 6, 2009, with a distribution date of November 9, 2009. This stock split resulted in the issuance of 441,817 additional shares of common stock and has been accounted for retroactively.

Shares Issued for Acquisition

As disclosed in Note 7, on June 29, 2009 the Company issued 464,140,551 common shares in exchange for all outstanding common shares of Microresearch Corporation in a reverse merger transaction. Historic outstanding shares in the accompanying financial statements have been retroactively adjusted by the common stock exchange ratio established in the merger agreement. As a result of the reverse merger, the Company assumed $97,168 of debt. Insight Management Company had no assets at the time of the reverse merger.

11.

Related Party Transactions

The Company paid $10,000 and $123,250 during the nine months ended September 30, 2009 and 2008, respectively, to shareholders performing development related services. At September 30, 2009, $35,000 of accounts payable was due to a minority shareholder holding less than 1% interest in the Company. The Company leases an office facility from a company owned by the management of RTI under a month-to-month arrangement with no terms. $12,000 was paid for rent during the three months ended September 30, 2009, which covered the period since the RTI acquisition occurred on June 30, 2009. The former shareholders of Microresearch were issued 20,000 shares, with a market price $10,599, as compensation for the assignment of a company with no assets or liabilities.

12.

Subsequent Events

On October 6, 2009, the Company and Rebel Testing, Inc shareholders (“Sellers”) entered into a Modification to Acquisition Agreement (“Modified Purchase Agreement”). See note 8 for more details.

We evaluated subsequent events through the date and time the Consolidated Financial Statements were issued on November 23, 2009.

ITEM 2

MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Forward-Looking Information

This quarterly report contains forward-looking statements. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. These statements relate to future events or to our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. There are a number of factors that could cause our actual results to differ materially from those indicated by such forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, we do not assume responsibility for the accuracy and completeness of such forward-looking statements. We are under no duty to update any of the forward-looking statements after the date of this report to conform such statements to actual results.

The following discussion should be read along with our financial statements as of September 30, 2009, which are included in another section of this document. This discussion contains forward-looking statements about our expectations for our business and financial needs. These expectations are subject to a variety of uncertainties and risks that may cause actual results to vary significantly from our expectations. The cautionary statements made in our Report on Form 10-K should be read as applying to all forward-looking statements in any part of this report.

General

Insight Management Corporation, formerly known as Skreem Records Corporation was an entertainment development, marketing and production company formed in May 2006. Originally the recording and artist management division for an international entertainment media company with multiple hit releases, Skreem Records was formed to continue these operations globally.

As a result of the reverse triangular merger with Microresearch Corporation on June 29, 2009 and its acquisition of Rebel Testing, Inc. on June 30, 2009, Insight Management’s core business focus is changing to the oil and gas industry. The Company has a strategic plan for growth through acquisition and functions from the perspective of an engineering firm. This is the nucleolus that directs what acquisitions are made and creates strategic alliances, develops proprietary technology and patents that bring the expertise and ultimately creates the real value for Insight Management. The Company expects to retain the strong management teams in each business unit, capitalizing on their local knowledge of competitors and operating climate, along with their loyal customer relationships.

Strategic Plan

Insight Management has a three step approach to value creation:

Find and negotiate the acquisition of small to midsize oil and gas companies that have strong financial track records and experienced management. Insight Management has a method of identifying and securing acquisitions that meet the following criteria:

•

Solid growth history

•

Profitable

•

Opportunity to increase profits

•

Strong management team willing to stay on board for a minimum of three years

•

Little or no debt on the books

These companies are primarily successful family owned businesses that are looking for a way to increase market presence and provide financial security for the owners while at the same time leading further growth and technological advancement. Insight Management offers all of that by taking the Company to the public marketplace, providing valuable business management experience to identify operating efficiencies, linking companies together to exploit synergies, and providing technical expertise and technology to their already successful businesses.

Apply the technology and gain efficiencies from synergies provided by the multiple acquisitions. Insight Management will use its technology to improve the operations of the companies acquired and possibly license the technology for increase revenue at little to no additional cost. Insight Management will also exploit the opportunity to gain efficiencies from the consolidation of its acquisitions. The company managers will have the opportunity to share best practices and work together to gain market share and drive growth to the bottom line.

Continuously work towards increasing market awareness and move the stock to larger public markets. Insight Management has experienced personnel to improve market awareness and gradually increase institutional holding of the stock. Value will come from continued growth through acquisition and deployment of developed technologies. The current strategy allows for rapid expansion of revenues and profit.

Market Conditions and Outlook

Natural gas is a largely overlooked energy source. Not long ago the consensus was the US was running out of natural gas. But due to technology advances in the last few years, natural gas can be extracted out of shale rock. There is now an abundance of natural gas available in the US.

Natural gas is a much cleaner energy source. Since it emits ½ the carbon as coal when burned, natural gas is a logical choice to replace coal in power plants and help decrease green house emissions. Natural gas is also seen as a transition energy source as renewable energy replacements of fossil fuels are still in the distant future.

With a solid foothold in the natural gas field services industry now established, the Company expects meaningful growth through the acquisition of other oil and gas enterprises that are both complimentary and offer greater diversity in revenue streams.

Quarter Ended September 30, 2009 -

The average price per MMBtu for natural gas reversed its decline during the third quarter of 2009 and has reached a 9-month high. Demand for RTI field services remains strong and RTI’s EBIDTA more than doubled during the third quarter to $214,505, an increase of 131% compared to the second quarter of 2009.

Indications of higher leasing activity in Colorado and with strong margins, the company is in a good position to continue to add significantly to bottom line during the remainder of 2009 and 2010.

Outlook for the Remainder of 2009 -

Following the economic downturn, a cyclical boom in drilling activity is typical. The Company is anticipating an improved environment for natural gas and oil field service companies that should result in significantly better results later this year.

Results of Operations

Three months and nine months ended September 30, 2009 and September 30, 2008

Revenues –

The Company recorded revenue of $588,903 and $0 for the three months ended September 30, 2009 and 2008, respectively. Revenue for the nine months ended September 30, 2009 and 2008 was $588,903 and $0, respectively.

Operating Expenses –

Operating expenses were $641,052 for the three months ended September 30, 2009 compared to $162,301 for the three months ended September 30, 2008, an increase of $478,751 or 295%. Operating expenses for the nine months ended September 30, 2009 and 2008 were $949,232 and $209,137, respectively, an increase of $740,095 or 354%. Expenses were primarily attributable to professional and consulting fees relating to business development activities,

which increased substantially during the first half of FY09 as the Company positioned itself to commence significant operations such as the reverse merger with Microresearch Corporation on June 29, 2009 and acquisition of Rebel Testing, Inc. on June 30, 2009.

Interest Expense –

For the three months ended September 30, 2009 and 2008, the Company recorded interest expense in the amount of $111,355 and $0, respectively. Interest expense for the nine months ended September 30, 2009 and 2008 was $112,373 and $0, respectively. The interest expense relates to a note payable to a minority shareholder.

Liquidity and Capital Resources

As of September 30, 2009, the Company had cash of $331,712 and a deficit in working capital of $1,964,029. This compares with cash of $16,759 and a deficit in working capital of $219,937 as of December 31, 2008. Cash used by operations was $122,567 for the nine months ended September 30, 2009 versus cash used by operations of $199,808 for the nine months ended September 30, 2008.

To raise funds for debt and working capital, the Company plans to submit a registration statement with the SEC. The Company anticipates the stock registration will result in raising capital and facilitate further sales. However, this plan is dependent upon approval of the registration statement by the SEC and there is no guarantee this registration will result in raising sufficient capital to meet the Company’s needs, if any at all. In addition, the Company is exploring other private equity and debt financing opportunities.

Going Concern

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate the continuation of the Company as a going concern. Until the acquisition of Rebel Testing, Inc. on June 30, 2009, the Company operated as a development stage enterprise and had not established an ongoing source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern, relying on limited private placements of its stock through a Regulation S offering to fund its development activities while incurring significant losses and a working capital deficit. The Company has incurred significant debt by the acquisition of Rebel Testing and must raise capital in the near term to service this debt or risk termination of the acquisition.

The Company’s ability to continue in existence is dependent upon developing additional sources of capital to service its acquisition debt and continue expansion of its business in oil & gas field services. Management’s plan is to raise capital through additional private offerings and financing initiatives, in addition to registering shares to raise equity capital in U.S. and foreign markets. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classifications or liabilities or other adjustments that might be necessary should the Company be unable to continue as a going concern.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is subject to certain market risks, including changes in interest rates and currency exchange rates. The Company does not undertake any specific actions to limit those exposures.

ITEM 4.

CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

The company carried out an evaluation under the supervision and with the participation of our management, including the Chief Executive Officer (CEO) and Chief Financial Officer (CFO), of the effectiveness of our disclosure controls and procedures as of September 30 2009. Based on that evaluation, the CEO and CFO have concluded that our disclosure controls and procedures are not effective to provide reasonable assurance that: (i) information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934 is accumulated and communicated to our management, including the CEO and CFO, as appropriate to allow timely decisions regarding required disclosure by us; and (ii) information required to be disclosed by us in reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms.

As of the quarter ended September 30, 2009, there were no changes in the Company’s internal control over financial reporting that have materially affected, or are reasonably likely to affect, its internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS

None

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

ITEM 5.

OTHER INFORMATION

None

ITEM 6.

EXHIBITS

Number		Description
31.1(1)		Certification of Chief Executive Officer of Insight Management Corporation Required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1(1)		Certification of Chief Financial Officer of Insight Management Corporation Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 Of 18 U.S.C. 63

———————

(1)

Filed herewith

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the date indicated.

	INSIGHT MANAGEMENT CORPORATION
Date: November 23, 2009	By:	/s/ JENNIFER RAPACKI
		Jennifer Rapacki
		Chief Executive Officer
		(Principal Executive Officer)

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