UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)


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

	For the quarterly period ended September 30, 2013

or

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

For the transition period from to

Commission File Number: 333-125678 (1933 Act)

GLOBAL ECOLOGY CORPORATION

(Exact name of registrant as specified in its charter)


Nevada	86-0892913
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

96 Park Street, Montclair, New Jersey	07042
(Address of principal executive offices)	(Zip Code)

(973) 655-9001

(Registrant’s telephone number, including area code)

N/A

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

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 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. R Yes £ 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). R Yes £ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the 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 reporting company)	Smaller reporting company	þ

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

£ Yes R No

As of November18, 2013 there were 499,900,351 shares of common stock of Global Ecology Corporation outstanding.

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GLOBAL ECOLOGY CORPORATION

(A Nevada Corporation)

TABLE OF CONTENTS


PART I — FINANCIAL INFORMATION

Item 1. Financial Statements	3
Report of Indepe ndent Registered Public Accounting Firm	3
Balance Sheet as of September 30, 2013 (Unaudited) and December 31, 2012 (Unaudited)	4
Statement of Operations for the Three and Nine Months Ended September 30, 2013 (Unaudited) and September 30, 2012 (Unaudited)	5
Statement of Cash Flows for the Nine Months Ended September 30, 2013 (Unaudited) and September 30, 2012 (Unaudited)	6
Notes to Condensed Financial Statements (Unaudited)	7

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	24

Item 3. Quantitative and Qualitative Disclosures About Market Risk	30

Item 4. Controls and Procedures	30


PART II — OTHER INFORMATION

Item 1. Legal Proceedings	30

Item 1A. Risk Factors	31

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	32

Item 3. Defaults Upon Senior Securities	32

Item 4. [Removed and Reserved.]	33

Item 5. Other Information	33

Item 6. Exhibits	33

Signatures	34

Exhibit 31.1

Exhibit 31.2

Exhibit 32.1

Exhibit 32.2

EX-101 INSTANCE DOCUMENT

EX-101 SCHEMA DOCUMENT

EX-101 CALCULATION LINKBASE DOCUMENT

EX-101 LABELS LINKBASE DOCUMENT

EX-101 PRESENTATION LINKBASE DOCUMENT

EX-101 DEFINITION LINKBASE DOCUMENT

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PART I - FINANCIAL INFORMATION

Item 1. Financial Statements


GLOBAL ECOLOGY CORPORATION
Condensed Consolidated Balance Sheet
as of
		Un-Audited
		September 30,	December 31,
		2013	2012
Assets
Current Assets
	Cash and cash equivalents	$ (673)	$ (3,452)
	Accounts receivable – trade	2,500	-
	Inventories	33,355	37,403
	Total current assets	35,182	33,951

	Property, plant and equipment, net of accumulated depreciation	288,779	366,325
	Capitalized software, net of accumulated amortization	-	-
	Other intangible assets	21,500	21,500
	Deposits	15,000	15,000
	Investment in joint venture	780,000	780,000
	Reserve for impairment of Investment in joint venture	(780,000)	(780,000)
Total Assets		$ 360,461	$ 436,776

Liabilities and Shareholders' Deficit
	Accounts payable and accrued liabilities	$ 1,375,611	$ 1,081,452
	Accounts payable and accrued liabilities to related parties	635,336	368,530
	Notes payable and advances related parties	836,881	848,941
	Notes payable	1,549,547	1,463,047
	Total current liabilities	4,397,375	3,761,970

	Long term notes payable, net of current portion	1,500,000	1,500,000
Total Liabilities		5,897,375	5,261,970

Shareholders' Deficit:
	Series A cumulative convertible preferred stock, $.001 par value, 10,000,000 shares authorized, 2,150,000 issued and outstanding	5,150	2,150
	Series B cumulative convertible preferred stock, no par value, 5% non-cumulative; liquidation preference of $14.64 per share; 2,000,000 shares authorized, 0 issued and outstanding	-	-
	Common Stock, par value $.001; 500,000,000 shares authorized, 499,900,351 and 395,769,546 shares issued and outstanding, respectively'	499,901	489,326
	Additional paid-in-capital	26,738,835	26,740,210
	Accumulated deficit	(32,317,981)	(31,594,061)
	Less treasury at cost, 1,817,000 shares	(462,819)	(462,819)
	Total shareholders’ deficit	(5,536,914)	(4,825,194)
Total liabilities and shareholders’ deficit		$ 360,461	$ 436,776

Table of Contents


GLOBAL ECOLOGY CORPORATION
Condensed Consolidated Statement of Operations
for the three and nine months ended September 30,

	Un-audited		Un-audited
	Three month period ended		Nine month period ended
	2013	2012	2013	2012

Sales	$ 4,009	$ 61,086	$ 9,616	$ 61,086
Cost of Goods Sold	19,485	60,045	12,648	79,531
Gross Profit	(15,476)	1,041	(3,032)	(18,445)

General And Administrative	172,599	409,462	452,286	722,626
Beneficial conversion feature	-	56,845	-	56,845
Shares issued for Services	-	-	-	-
Net Profit / (Loss) From Operations	(188,075)	(465,266)	(455,318)	(797,916)

Other Income / (expense)	-	-	(13,193)	197,369
Interest Expense	(94,233)	(189,887)	(255,471)	(280,876)
Net Profit / (Loss) Before Income Taxes	(282,308)	(655,153)	(723,982)	(881,423)
Income Tax Expense	-	-	-	-
Net Profit / (Loss)	$ (282,308)	$ (655,153)	$ (723,982)	$ (881,423)

Per Share Information:
Basic and diluted weighted average number of common shares outstanding	499,900,351	474,263,526	499,358,058	473,737,013

Net Profit / (Loss) per common share	$ (0.001)	$ (0.001)	$ (0.001)	$ (0.002)

Per Share Information:
Diluted, weighted average number
of common shares outstanding	499,900,351	474,263,526	499,358,058	473,737,013

Diluted, Net Profit / (Loss) per common share	$ (0.001)	$ (0.001)	$ (0.001)	$ (0.002)

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

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GLOBAL ECOLOGY CORPORATION
Condensed Consolidated Statements of Cash Flows
for the nine months ended September 30,
Un-Audited

	2013	2012
Cash flows from operating activities:
Net loss	$ (723,982)	$ (881,423)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:
Depreciation and amortization	41,853	61,384
Preferred Stock issued for services	3,000	-
Beneficial conversion expense	-	56,845
Gain on cancellation of debt	-	(198,133)
Changes in:
Accounts Receivable	(2,500)
Inventory	4,048	(37,403)
Other assets	-	-
Accounts payable and other accrued expenses (net of settlements)	579,339	633,996
Net cash provided (used) in operating activities	(98,242)	(364,734)

Cash flows from investing activities:
Sale of property and equipment	35,693
Purchases of property and equipment		(123,341)
Net cash used in investing activities	35,693	(123,341)

Cash flows from financing activities:
Borrowing (repayment) under line of credit
Repurchase Treasury Stock	-	(11,880)
Proceeds / (repayment) from notes payable	83,640	16,144
Advances / (repayment) - related parties	(18,312)	(46,161)
Net cash provided by financing activities	65,328	(41,897)

Net increase (decrease) in cash	2,779	(529,972)
Cash beginning of the period	(3,452)	547,923
Cash end of the period	$ (673)	$ 17,951

Supplemental information
Interest paid	-	4,000
Stock issued for Debt settlement	-	27,500

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

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GLOBAL ECOLOGY CORPORATION

NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

The use of the words “we,” “us,” “our” or “the Company” refers to Probe Manufacturing, Inc. and its subsidiaries, except where the context otherwise requires.

1. Organization and Description of the Business.

Global Ecology Corporation (“GECO”) is a Nevada corporation formed in 1993. Our principal executive office is located at 96 Park Street Montclair, New Jersey 07042 and our telephone number is (973) 655-9001. GECO’s website is www.geco.us. From 1998 until the third quarter of 2004, we provided financial products and related services to the new and pre-owned automotive finance industry. We primarily purchased and subsequently sold automobile finance receivables collateralized by new and pre-owned automobiles. The receivables were predominately purchased from automobile retailers nationwide and sold to banks and credit unions.

We changed our name to Homeland Security Network, Inc. on March 1, 2005 to reflect the direction of a new course of business. HSNI targeted markets such as commercial trucking and cargo management, commercial fleet management, equipment rental and personal vehicle tracking. During the period from March, 2005 until the end of 2007, we provided the GPS tracking industry with state-of-the-art software, as well as low cost tracking hardware, and the ability to offer a cost-effective data transmission fee

In the fourth quarter of 2007, we began investing in a new industry and we secured distribution rights to a patented water restoration technology, which represented a substantial opportunity in the multi-billon dollar global water purification market. Our company has proposed the use of its services in the United States and several foreign counties. On August 18, 2009 we changed our name to Global Ecology Corporation to reflect this shift in business direction to the environmental sector.

GEC Organics Corporation

On October 25, 2011, we received the last tranche of the funding necessary to begin the construction process on our first domestic organic soil amendment site in Castleberry, Alabama. The location, which encompasses nearly 70 acres, will be one of the largest of its kind in the U.S. Though our wholly-owned subsidiary GEC Organics Corporation, we began to produce our proprietary compost product at our 70-acre facility located in the Town of Castleberry in January 2012. Our proprietary compost product is designed to greatly enhance crop yield and turf growth while continuing to maintain soil integrity. The highly nutritious compost is made from chicken waste blended with green waste and enhanced with GEC's licensed microbial formula. When fully operational, the Castleberry, Alabama site will be able to produce up to 20,000 tons of OAS1000 solid compost and in excess of 10,000 gallons of OSA101 liquid compost each month.

In December of 2012, we received certification from the USDA for our Compost, OSA1000, and Compost Tea, OSACT1000, permitting its unrestricted use in all organic agricultural applications. We began field testing with Auburn University for a number of crops and intend to expand this effort in their turf division to support our discussions with the United States Golf Association. Our staff is negotiating with several land trusts and farm consortiums which will help in our wholesale distribution efforts. Further, we have been given leads from shareholders for the use of our products for other remediation activities. These opportunities, if successful will expand our services for the reclamation of contaminated soil and water as well as the development of organic growing mediums. We still face marketing challenges from a capital standpoint but we have developed a marketing plan and the necessary materials for exhibits, shows, advertising and customer contacts.

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years’ experience in this market to guide us through this process and monetize our Carbon Credit production. GGVF will develop the Project Design Document and market the Carbon Credits to the appropriate buyers and brokers. We have arranged for the needed financing to put the plan in place which will include: working capital for GECO, due-diligence, filings, legal expense, and agency approvals when needed. As of September 30, 2013, we had begun limited production, marketing and sale of our organic soil amendment. While, we have now begun limited production and marketing of our organic soil product and the application process for the carbon credit program, we can provide no assurance that our products will be widely accepted by our targeted consumers or receive approval for the carbon credit program in order for us recognize a return on our investment.

Furthermore, we have met with government agencies at the state and local level in Hawaii and have submitted proposals for a site similar to our location in Alabama through a subsidiary Hawaii Organics Corporation. Our goal is to establish a fully operational organic fertilizer/compost facility on several of the Islands as part of a comprehensive agriculture and environmental solution for the State of Hawaii.

GEC CleanWater Technologies, Inc.

In the second quarter we established our GEC CleanWater Technologies, Inc. subsidiary to market our licensed, EPA approved water purification technology IMS1000 and our Mobile Pure Water System (“MPWS”). We have partnered with RDK Enterprises to provide funding, management assistance and development of this subsidiary which will allow us to take advantage of the work the company has done over the years in preparing for the commercialization of our highly effective water remediation and purification systems. In addition, GEC CleanWater Technologies, Inc. has retained the services of a well-known, highly respected, international law firm located in Washington DC to assist in the management of relationships and legal protocols for working with state and federal governmental agencies. GEC CleanWater Technologies, Inc. aims to work with federal and state governmental agencies by providing solutions for the myriad of water issues confronting governmental agencies.

Clean Tower Technologies, Inc.

In January of 2011, we formed a wholly subsidiary, CleanTower Technologies, Inc., for the purpose of developing a market for our licensed environmentally safe chemical IMS1000. The solution is produced under a private label arrangement with our Canadian supplier, EnvirEau Technologies, Inc. This new company will eventually include a number of affiliates with industry experience to help us build the operation. As of September 30, 2013 there has been no activity to report.

As a part of our We have supported a number of events at the United Nations and have established our self as a strategic partner with International Renewable Energy Organization (“IREO”), a Brazilian private partner of the United Nations. Peter Ubaldi, our President and CEO, has been appointed as Chairman of IREO’s Water Restoration Committee. We have proposed our remediation technology for contaminated bodies of water and for the remediation of soil in South America, Central America, the Philippines and the United States as part of its expanding marketing efforts.

Going Concern

We have incurred operating losses for the nine months ended September 30, 2013 and 2012 of ($723,982) and ($881,423), respectively, and an operating loss of ($991,860) for the year just ended December 31, 2012. We also had working capital deficiencies in both periods. Our financial statements have been prepared on the assumption that the Company will continue as a going concern. We are seeking various types of additional funding such as issuance of additional common or preferred stock, additional lines of credit, or issuance of subordinated debentures or other forms of debt. The additional funding would alleviate our working capital deficiency and increase profitability. However, it is not possible to predict the success of management's efforts to achieve profitability or to secure additional funding.

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necessary if the Company becomes unable to continue as a going concern. Also, there can be no assurance that additional funding will be available when needed or, if available, that its terms will be favorable or acceptable. We are also seeking to renegotiate certain liabilities in order to alleviate the working capital deficiency.

2. Basis of Presentation

The financial information presented in this report comprises the unaudited financial statements for the three and nine months ended September 30, 2013 and 2012.

We, without audit, have prepared the accompanying interim financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with

generally accepted accounting principles in the United States of America (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q. These unaudited financial statements should be read in conjunction with the audited financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the SEC on April 18, 2013.

In the opinion of our management, the financial statements include all adjustments, which consist of normal recurring adjustments, necessary to present fairly the financial position, results of operations and cash flows of our Company for the periods presented. The results of operations for the period ended September 30, 2013 are not necessarily indicative of operating results expected for the full year or future interim periods.

3. Significant Accounting Policies

Use of Estimates

Our financial statements are prepared in accordance with accounting GAAP. These accounting principles require management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. When sources of information regarding the carrying values of assets, liabilities and reported amounts of revenue and expenses are not readily apparent, we base our estimates on historical experience and on various other assumptions that our management believes to be reasonable for making judgments. We evaluate all of its estimates on an on-going basis and may consult outside experts to assist in our evaluations. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. Actual results could differ from those estimates.

Revenue Recognition

The company derives most of its revenue from three main sources: sales of branded organic soil amendment products and branded water remediation technologies. The company follows the Revenue Recognition topic of the ASC.

Revenues from all branded organic soil amendment products and branded water remediation technology sales are recognized when the title to the products is transferred. The company recognizes revenue on products it sells to distributors or end-users when, according to the terms of the sales agreement, delivery has occurred, performance is complete, expected returns can be reasonably estimated and pricing is fixed or determinable at the time of sale. In order to estimate the expected returns, management analyzes historical returns, economic trends, market conditions and changes in customer demand.

Accounts Receivable

Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. The company follows the Accounts Receivable topic of the ASC 310. Reserves for un-collectable amounts are provided, based on past experience and a specific analysis of the accounts. We currently do not extend credit terms to our customers; therefore, we currently do not have accounts receivable.

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Inventory

Actual cost is used to value raw materials and supplies. Standard cost, which approximates actual cost, is used to value finished goods and goods in process. Variances, exclusive of abnormally low volume and operating performance, are capitalized into inventory. Standard cost includes direct labor and raw materials, and manufacturing overhead based on normal capacity. The cost is determined by using the last-in, first-out (LIFO) method, which generally reflects the effects of inflation or deflation on cost of goods sold sooner than other inventory cost methods.

In accordance with the Inventory topic of the ASC, the company records abnormal amounts of idle facility expense, freight, handling costs and wasted material (spoilage) as current period charges and allocates fixed production overhead to the costs of conversion based on the normal capacity of the production facilities.

The company establishes allowances for obsolescence of inventory equal to the difference between the cost of inventory (if higher) and the estimated market value, based on assumptions about future demand and market conditions. The company regularly evaluates the adequacy of our inventory obsolescence reserves. If economic and market conditions are different from those anticipated, inventory obsolescence could be materially different from the amounts provided for in the company’s consolidated financial statements. If inventory obsolescence is higher than expected, cost of goods sold will be increased, and inventory, net income, and shareowners’ equity will be reduced.

Property, Plant and Equipment

Property, plant and equipment are recorded at cost. Additions and improvements are capitalized; these include all material, labor and engineering costs to design, install or improve the asset and interest costs on construction projects. Such costs are not depreciated until the assets are placed in service. Routine repairs and maintenance are expensed as incurred. The cost of plant and equipment is depreciated using the straight-line method over the estimated useful life of the asset — weighted-average periods of approximately 25 years for buildings, 10 years for machinery and equipment and five years for software. In compliance with the Property, Plant and Equipment topic of the ASC, long-lived assets are reviewed for impairment whenever in management’s judgment conditions indicate a possible loss. Such impairment tests compare estimated undiscounted cash flows to the recorded value of the asset. If an impairment is indicated, the asset is written down to its fair value or, if fair value is not readily determinable, to an estimated fair value based on discounted cash flows.

Capitalized Software

We capitalize certain computer software costs, after technological feasibility has been established. These costs are amortized utilizing the straight-line method over the software’s economic life, which has been estimated at five years. Development costs of the software are accounted for in accordance with SOP 98-1, Accounting for the Costs of Computer Software Developed or Obtained for Internal Use (“SOP 98-1”). SOP 98-1 permits capitalization of software costs if they are expenditures related to the applications development. In the past, and prospectively, the Company has and will capitalize expenditures directly related to the development of applications. For the three and nine months ended September 30, 2013 and 2012, no expenditures relating to application development were capitalized by our Company.

Goodwill and Intangible Assets

Goodwill and intangible assets are accounted for in accordance with SFAS No. 142, Goodwill and Other Intangible Assets ("SFAS 142") (now contained in FASB Codification Topic 350, Intangibles-Goodwill and Other). Under Topic 350, goodwill and indefinite lived intangible assets are not amortized but instead are reviewed annually for impairment, or more frequently, if impairment indicators arise. Separable intangible assets that are not deemed to have an indefinite life will continue to be amortized over their estimated useful lives. The Company tests for impairment whenever events or changes in circumstances indicate that the carrying amount of goodwill or other intangible assets may not be recoverable, or at least annually at December 31 of each year. These tests are performed at the reporting unit level using a two-step, fair-value based approach. The first step compares the fair value of the reporting unit with its carrying amount, including

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goodwill. If the fair value of the reporting unit is less than its carrying amount, a second step is performed to measure the amount of impairment loss. The second step allocates the fair value of the reporting unit to the Company's tangible and intangible assets and liabilities. This derives an implied fair value for the reporting unit's goodwill. If the carrying amount of the reporting unit's goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized equal to that excess. In the event that the Company determines that the value of goodwill or other intangible assets have become impaired, the Company will incur a charge for the amount of the impairment during the fiscal quarter in which the determination is made.

Deferred financing costs

We capitalize costs associated with the issuance of debt instruments. These costs are amortized on a straight-line basis over the term of the related debt instruments.

Income Taxes

The Company accounts for income taxes under SFAS No. 109 (now contained in FASB Codification Topic 740-10-25, Accounting for Uncertainty in Income Taxes), which requires the asset and liability approach to accounting for income taxes. Under this method, deferred tax assets and liabilities are measured based on differences between financial reporting and tax bases of assets and liabilities measured using enacted tax rates and laws that are expected to be in effect when differences are expected to reverse. As of September 30, 2013, we had a net operating loss carry forward of $(32,318,043) and a deferred tax asset of $10,988,135 using the statutory rate of 34%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $10,988,135.


	September 30, 2013
Deferred Tax Asset	10,988,135
Valuation Allowance	(10,988,135)
Deferred Tax Asset (Net)	$ -

Long-Lived Assets

We account for our long-lived assets in accordance with SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets, (“SFAS No. 144”) (now contained in FASB Codification Section 360-10, Property, Plant, and Equipment-- Accounting for the Impairment or Disposal of Long-Lived Asset subsections), which requires that long-lived assets be evaluated whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the total of the undiscounted future cash flows is less than the carrying amount of the asset or asset group, an impairment loss is recognized for the difference between the estimated fair value and the carrying value of the asset or asset group.

Fair Value of Financial Instruments

On September 15, 2006, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 157, Fair Value Measurements (“SFAS No. 157”) (now contained in FASB Codification Section 825-10-65, Fair Value Measurements and Disclosures-Overall-Transition and Open Effective Date Information), which addresses standardizing the measurement of fair value for companies who are required to use a fair value measure for recognition or disclosure purposes. The FASB Codification Section 825-10-65 defines fair value as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” The Company’s adoption of the required portions of FASB Codification Section 825-10-65 as of January 1, 2008 did not have a material impact on the Company’s financial position, results of operations and cash flows. In February 2008, the FASB issued FASB Staff Position No. FAS 157-2, Effective Date of FASB Statement No. 157 (“FSP 157-2”), permitting entities to delay application of SFAS No. 157 to fiscal years beginning after November 15, 2008, for non-financial assets and non-financial liabilities, except for items recognized or disclosed at fair value on a recurring basis. The Company adopted the application of FASB Codification Section 825-10-65to non-financial assets and liabilities effective January 1, 2009; this did not have a material effect on the Company’s financial condition or results of operations.

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FASB Codification Section 825-10-65established a fair value hierarchy to prioritize the inputs used in valuation techniques into three levels as follows. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement).

Level 1 – Observable inputs that reflect quoted prices in active markets for identical assets or liabilities in active markets.

Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Valuations based on inputs that are unobservable and not corroborated by market data.

At September 30, 2013, our assets and liabilities reported at fair value utilizing Level 1 inputs include cash and cash equivalents. For these items, quoted current market prices are readily available. We do not currently have any financial instruments utilizing Level 2 and Level 3 inputs.

The following table presents information about the Company’s fair value hierarchy for financial assets as of September 30, 2013:


	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total

Cash and cash equivalents	$ (673)	-	-	$ (673)
Total assets	$ (673)	-	-	$ (673)

The carrying amounts of trade receivables and payables, accrued expenses and other current liabilities approximate fair value due to their short-term nature.

In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities (“SFAS No. 159”) (now contained in FASB Codification Topic 825-10, Financial Instruments-Fair Value Option subsections), which permits companies to choose, at specified election dates, to measure many financial instruments and certain other items at fair value that are not currently measured at fair value. Unrealized gains and losses on items for which the fair value option has been elected would be reported in earnings at each subsequent reporting date. Upfront costs and fees related to items for which the fair value option is elected shall be recognized in earnings as incurred and not deferred. The Company did not elect the fair value option for any of its existing financial instruments other than those already measured at fair value. Therefore, our adoption of FASB Codification Topic 825-10 as of January 1, 2008 did not have an impact on our financial position, results of operations or cash flows.

Concentrations of Credit Risk

We maintain our cash with high credit quality financial institutions. The Federal Deposit Insurance Corporation secures each depositor up to $250,000.

Prior to January 1, 2006, we elected to follow Accounting Principles Board Opinion (APB) No. 25, Accounting for Stock Issued to Employees , and related interpretations to account for our employee and director stock

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options, as permitted by Statement of Financial Accounting Standards (SFAS) No. 123, Accounting for Stock-Based Compensation(contained in FASB Codification Topic 718, Compensation-Stock Compensation). We accounted for stock-based compensation for non-employees under the fair value method prescribed by Topic 718. Effective January 1, 2006, The Company adopted the fair value recognition provisions of Topic 718 for all share-based payment awards to employees and directors including stock options, restricted stock units and employee stock purchases related to our employee stock purchase plan. In addition, the Company has applied the provisions of Staff Accounting Bulletin No. 107 (SAB No. 107), issued by the Securities and Exchange Commission, in our adoption of Topic 718.

We adopted FASB Codification Topic 718 using the modified-prospective-transition method. Under this transition method, stock-based compensation expense recognized after the effective date includes: (1) compensation cost for all share-based payments granted prior to, but not yet vested as of January 1, 2006,

based on the measurement date fair value estimate in accordance with the original provisions of FASB Codification Topic 718, and (2) compensation cost for all share-based payments granted subsequent to January 1, 2006, based on the measurement date fair value estimate in accordance with the provisions of FASB Codification Topic 718. Results from prior periods have not been restated and do not include the impact of FASB Codification Topic 718. For the years ended December 31, 2012 and year ended December 31, 2010, we recognized no stock-based compensation expense under FASB Codification Topic 718 relating to employee and director stock options, restricted stock units or the employee stock purchase plan.

Stock-based compensation expense recognized each period is based on the greater of the value of the portion of share-base payment awards under the straight-line method or the value of the portion of share-based payment awards that is ultimately expected to vest during the period. FASB Codification Topic 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates.

Upon adoption of FASB Codification Topic 718, the Company elected to use the Black-Scholes-Merton option-pricing formula to value share-based payments granted to employees subsequent to January 1, 2006 and elected

to attribute the value of stock-based compensation to expense using the straight-line single option method. These methods were previously used for our pro forma information required under FASB Codification Topic 718.

On November 10, 2005, the Financial Accounting Standards Board (FASB) issued FASB Staff Position No. FAS 123(R)-3, Transition Election Related to Accounting for Tax Effects of Share-Based Payment Awards, which detailed an alternative transition method for calculating the tax effects of stock-based compensation pursuant to FASB Codification Topic 718. This alternative transition method included simplified methods to establish the beginning balance of the additional paid-in capital pool (APIC pool) related to the tax effects of employee stock-based compensation and to determine the subsequent impact on the APIC pool and Statement of Cash Flows of the tax effects of employee stock-based compensation awards that are outstanding upon adoption of FASB Codification Topic 718. Due to the Company’s historical net operating losses, the Company has not recorded the tax effects of employee stock-based compensation and has no APIC pool. Prior to the adoption of FASB Codification Topic 718, all tax benefits of deductions resulting from the exercise of stock options were required to be presented as operating cash flows in the Consolidated Statement of Cash Flows. FASB Codification Topic 718 requires the cash flows resulting from the tax benefits resulting from tax deductions in excess of the compensation cost recognized for those options (excess tax benefits) to be classified as financing cash flows. Due to our historical net operating loss position, we have not recorded these excess tax benefits as of September 30, 2013.

Recently Issued Accounting Pronouncements

In December 2011, the FASB issued an amendment to the Balance Sheet topic of the ASC, which requires entities to disclose both gross and net information about both financial instruments and transactions eligible for offset in the statement of financial position and instruments and transactions subject to an agreement similar to a master netting agreement. The objective of the disclosure is to facilitate comparison between those entities that prepare their financial statements on the basis of Generally Accepted Accounting Principles in the United States (“GAAP”) and those entities that prepare their financial statements on the basis of International Financial Reporting Standards. This

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standard is effective for fiscal years, and interim periods within those years, beginning on or after January 1, 2013. Retrospective presentation for all comparative periods presented is required. Accordingly, the company will adopt this amendment in the first quarter of fiscal year 2014. The company is currently evaluating the impact of adoption on the consolidated financial statements.

In September 2011 and July 2012, the FASB issued amendments to the Intangibles-Goodwill and Other topic of the ASC. Prior to these amendments the company performs a two-step test as outlined by the ASC. Step one of the two-step goodwill and indefinite-lived intangible asset impairment tests is performed by calculating the fair value of the reporting unit or indefinite-lived intangible asset and comparing the fair value with the carrying amount. If the carrying amount of a reporting unit or indefinite-lived intangible asset exceeds its fair value, then the company is required to perform the second step of the impairment test to measure the amount of the impairment loss, if any. Under the amendments, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step test. If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit or indefinite-lived intangible asset is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. An entity can choose to perform the qualitative assessment on none, some or all of its reporting units and indefinite-lived intangible assets. Moreover, an entity can bypass the qualitative assessment for any reporting unit or indefinite-lived intangible asset in any period and proceed directly to step one of the impairment test, and then resume performing the qualitative assessment in any subsequent period. The amendment is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Accordingly, the company will adopt this amendment in fiscal year 2013. The amendment is effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. Accordingly, the company will adopt this amendment in fiscal year 2014. The company is currently evaluating the impact of adoption on the consolidated financial statements.

In June 2011, the FASB issued an amendment to the Comprehensive Income topic of the ASC. This amendment eliminates the option to present the components of other comprehensive income as part of the statement of changes in shareowners’ equity and requires entities to present the components of comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In December 2011, the FASB issued an amendment to the Comprehensive Income topic of the ASC. This amendment deferred the requirement to present on the face of the financial statements reclassification adjustments for items that are reclassified from other comprehensive income to net income while the FASB deliberates this aspect of the proposal. The amendments do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The amendments also do not affect how earnings per share is calculated or presented. The guidance, as amended, is effective for interim and annual periods beginning after December 15, 2011, with early adoption permitted. The company adopted this guidance for its annual reporting period ended December 31, 2012.

In May 2011, the FASB issued an amendment to the Fair Value Measurement topic of the ASC that includes some enhanced disclosure requirements. The most significant change in disclosures is an expansion of the information required for Level 3 measurements based on unobservable inputs. The amendment is effective for interim and annual periods beginning after December 15, 2011. The company adopted this guidance for its annual reporting period ended December 31, 2012.

Reclassifications

Certain reclassifications have been made to the prior period balances to conform to the current period presentation.

4. Going Concern Uncertainty

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However, it is not possible to predict the success of management's efforts to achieve profitability or to secure additional funding.

If additional financing arrangements cannot be obtained, we would be materially and adversely affected and there would be substantial doubt about our ability to continue as a going concern. The consolidated financial statements do not include any adjustments relating to the recoverability and realization of assets and classifications of liabilities necessary if the Company becomes unable to continue as a going concern. Also, there can be no assurance that additional funding will be available when needed or, if available, that its terms will be favorable or acceptable. We are also seeking to renegotiate certain liabilities in order to alleviate the working capital deficiency.

5. Income (Loss) Per Share

Basic profit / (loss) per share is computed on the basis of the weighted average number of common stock shares outstanding. At September 30, 2013 the Company had outstanding common stock shares of 499,900,351 used in the calculation of basic earnings per share. Basic Weighted average common stock shares and equivalents at September, 30, 2013 and 2012 were 499,358,058 and 473,737,013, respectively. As of September 30, 2013 and 2012 the Company had outstanding preferred shares which would have been assumed to be converted and have a dilutive effect of 21,500,000 shares on our common stock. For the nine months ended, September 30, 2013 and 2012, all of the Company's shares of common stock equivalents were excluded from the calculation of diluted loss per common stock share because they were anti-dilutive, due to the Company's net loss in those periods.

6. Property, Plant and Equipment

Property and equipment are stated at cost. Assets held under capital leases are recorded at lease inception at the lower of the present value of the minimum lease payments or the fair market value of the related assets. We follow the practice of capitalizing property and equipment purchased over $5,000. The cost of ordinary maintenance and repairs is charged to operations. Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets:

Furniture and fixtures

3 to 7 years

Equipment

7 to 10 years

Leasehold improvements

7 to 10 years

The principal executive office of the Company is located at 96 Park Street, Montclair, New Jersey 07042 75254. Approximately 1,000 square feet of leased premises are at this location. The rent is approximately $13,000 per year. The lease expires in January 2013. We also lease 70 acres associated with our production facilities in Castleberry, Alabama. The rent is approximately $60,000 per year. We had property, plant and equipment, net of depreciation of $304,230 for the nine months ended September, 2013, compared to $366,325 as of December 31, 2012 which was due to our leasehold interest and the purchase of equipment for our plant in Alabama used to produce our soil amendment.

7. Capitalized Software Costs

The Company accounts for the development cost of software intended for sale in accordance with Statement of Financial Accounting Standards No. 86, Accounting for Costs of Computer Software to be Sold, Leased, or Otherwise Marketed, (“SFAS No. 86”) (now contained in FASB Codification 985-20, Accounting for Costs of Computer Software to be Sold, Leased, or Otherwise Marketed). FASB Codification 985-20 requires product development costs to be charged to expense as incurred until technological feasibility is attained. Technological feasibility is attained when the Company’s software has completed system testing and been determined viable for its intended use. Accordingly the Company did not capitalize any development costs other than product development costs acquired through a third party purchase. The Company capitalizes software through technology purchases if the related software under development has reached technological feasibility or if there are alternative future uses for the software.

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During the year ended December 31, 2007, the Company acquired new software to operate and enhance its GPS

system. The development costs of this software, which totaled $116,682, were capitalized and placed in service at the end of September 2007 and are being amortized over their estimate useful life of five years. No such

Capitalized software costs and accumulated amortization were as follows as of September 30, 2013 and December 31, 2012:


	September 30,	December 31,
	2013	2012
Software development costs	$ 116,682	$ 116,682
	(116,682)	(116,682)
Capitalized Software, net	$ 0.00	$ 0.00

8. Other Intangible Assets

On June 6, 2008, we acquired a mobile water purification plant and computerized ballast water distribution system from Robert Elfstrom. We agreed to purchase these assets in consideration for 1,000,000 shares of the Company’s common stock to be issued as follows: 100,000 shares upon the execution of the Bill of Sale and the remaining balance of shares to be issued in increments of 300,000 shares each time we accumulate net revenues of $2,000,000 from the utilization of the technology. We initially recorded the asset at the fair value of the full 1,000,000 shares at the date of the sale, which was $215,000, and recorded a liability for the remaining 900,000 shares to be issued. As of September 30, 2013, no revenues had been generated from this technology and thus no additional shares had been issued. We determined that it was more appropriate to reverse the liability for the remaining contingent shares and to reduce the value of the assets to the fair value of the 100,000 shares issued at execution of the agreement, or $21,500. If and when the remaining shares are issued, they will be recorded as a royalty expense. However, during 2009 a dispute had arisen with Mr. Elfstrom concerning his performance under this arrangement which we felt would directly impact the success of the System. All unpaid compensation whether in stock or fees has been withheld pending final negotiation with Mr. Elfstrom. We have also made arrangements with a manufacturing/ joint venture partner for the production of our own Mobile PureWater System (“MPWS”) which is now being demonstrated in Nigeria and has been offered to several relief agencies. The next generation of the MPWS has been completed by the same manufacturer and is being test in New Jersey.

9. Investment in Joint Venture and Other

In March 2008, we entered into a joint venture agreement with Huma-Clean, LLC of Houston Texas. Under the terms of the agreement, the funding for the venture was $800,000, which was advanced in several installments by us. This funding is in the form of a loan that will be repaid out of the initial proceeds of the venture. Any income or loss generated by the joint venture is to be allocated 50% to us and 50% to Huma-Clean, LLC. As of September 30, 2013 we have advanced $780,000 under this agreement, which has been recorded on a cost basis. The investment has not been recorded on an equity method basis because of our inability to exercise significant influence over the venture. Management feels that there is a high degree of uncertainty regarding the collectability of this asset; therefore they have decided to reserve $780,000 for potential impairment of the asset. As of September 30, 2013 the net carrying value of this asset is $0.

10. Notes Payable to Related Parties

From time to time certain directors and/or officers advance funds to the Company in order for the Company to meet its operating needs or make payments directly on the Company’s behalf. Such advances were recorded as liabilities on the Company’s balance sheet in previous years. The amounts were loaned to the Company without any formal note agreement and did not bear interest. In December of 2011, we entered into master note agreements with the following individuals to consolidate the advances made by them and to formalize our arrangement with them.

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Related Party Notes Payable as of September 30, 2013:


Note Holder	Principal Amount	Date of Note	Interest Rate	Default Interest Rate	Current Amount Due	Maturity Date	Note Default	Convertible & Beneficial Conversion
Peter Ubaldi, CEO	$634,026	12/31/2013	10.00%	—	$661,275	none	No	none
Joseph Battiato, Director	$270,678	12/31/2011	10.00%	—	$318,047	none	No	none

11. Notes Payable

Notes Payable as of September 30, 2013:


Note Holder	Principal Amount	Date of Note	Interest Rate	Default Interest Rate	Current Amount Due	Maturity Date	Note Default	Convertible	Beneficial Conversion
Riverside Corporation	$134,500	3/1/2005	7.00%	—	$193,715	4/28/2006	Yes	No	—
Un-affiliated 3rd party	$100,000	2/1/2006	10.00%	—	$146,446	12/31/2011	Yes	Yes	—
Un-affiliated 3rd party	$27,000	3/1/2006	7.00%	—	$37,876	12/31/2007	Yes	No	—
Former employee	$195,000	12/1/2006	8.00%	—	$316,300	2/1/2007	Yes	No	—
Former employee (advance)	$54,587	—	—%	—	$54,587	N/A	No	No	—
Former employee	$12,000	3/1/2007	0.00%	—	$12,000	11/15/2007	Yes	No	—
Monet Acquisition	$95,000	5/1/2007	10.00%	—	$155,527	4/25/2010	Yes	No	—
Un-affiliated 3rd party	$50,000	2/8/2008	12.00%	—	$73,000	12/31/2011	Yes	Common Stock at $.10	—
Un-affiliated 3rd party	$50,000	2/8/2008	12.00%	—	$93,500	12/31/2011	Yes	Common Stock at $.10	—
Un-affiliated 3rd party (settlement)	$100,000	9/1/2008	—%	—	$75,000	9/1/2008	Yes	No	—
Financial Indemnity Insurance	$107,500	2/1/2009	10.00%	—	$157,348	8/9/2010	Yes	2,150,000 shares of Series A Preferred Stock held as collateral	—
Un-affiliated 3rd party	$33,000	10/26/2009	8.00%	—	$44,380	N/A	Yes	No	—
Asher Enterprises, Inc.	$27,500	9/17/2010	8.00%	22.00%	—	6/20/2011	Converted	Converted into 1,750,958 shares of Common Stock	42% discount to market price
Asher Enterprises, Inc.	$25,000	10/8/2010	8.00%	22.00%	—	7/8/2011	Converted	Converted into 3,015,309 shares of Common Stock	49% discount to market price
Asher Enterprises, Inc.	$27,500	11/17/2010	8.00%	22.00%	—	8/17/2011	Converted	Converted into 3,647,192 shares of Common Stock	49% discount to market price

Notes Payable as of September 30, 2013 (Continued):


Note Holder	Principal Amount	Date of Note	Interest Rate	Default Interest Rate	Current Amount Due	Maturity Date	Note Default	Convertible	Beneficial Conversion
Un-affiliated 3rd party	$200,000	12/15/2010	8.00%	—	$244,701	8/19/2011	Yes	Common Stock	20% discount to market price
Asher Enterprises, Inc.	$32,500	4/1/2011	8.00%	22.00%	—	1/2/2012	Converted	Converted into 7,413,181 shares of Common Stock	49% discount to market price
Asher Enterprises, Inc.	$32,500	5/3/2011	8.00%	22.00%	—	2/3/2012	N/A	Prepaid Note	49% discount to market price
Asher Enterprises, Inc.	$27,500	7/18/2011	8.00%	22.00%	—	4/18/2012	Converted	Converted into 4,549,230 shares of Common Stock	49% discount to market price
Un-affiliated 3rd party	$1,500,000	8/12/2011	8.00%	22.00%	$1,799,219	8/11/2014	No	Common Stock at $1.00	—
Asher Enterprises, Inc.	$78,500	4/16/2012	8.00%	22.00%	$52,999	1/16/2013	Yes*	Converted into 10,574,713 shares of Common Stock	42% discount to market price
RDK Enterprises, Inc.	$50,000	9/30/2012	8.00%	22.00%	$67,500	9/30/2013	No	Common Stock	30% discount to market price
Un-affiliated 3rd party (advance)	$80,000	9/31/2012	—%	—	$80,000	TBD	No	TBD	—
Asher Enterprises, Inc.	$17,500	12/5/2012	8.00%	22.00%	$16,852	9/5/2013	No	Common Stock	42% discount to market price
RDK Enterprises, Inc. (advance)	$27,500	1/22/2013	8.00%	22.00%	$27,500	1/22/2014	No	Common Stock	30% discount to market price
Un-affiliated 3rd party (advance)	$20,000	3/5/2013	—%	—	$20,000	TBD	TBD	TBD	—
Southwest	$30,700	—%	—	—	30,700	TBD	—	—	—
Total						$3,699,151

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12. Defaults of Notes Payable

Defaults of Notes Payable as of September 30, 2013:


Note Holder	Principal Amount	Date of Note	Interest Rate	Default Interest Rate	Current Amount Due	Maturity Date	Note Default	Convertible	Beneficial Conversion
Riverside Corporation	$134,500	3/1/2005	7.00%	—	$193,715	4/28/2006	Yes	No	—
Un-affiliated 3rd party3rd party	$100,000	2/1/2006	10.00%	—	$146,446	12/31/2011	Yes	Yes	—
Un-affiliated 3rd party	$27,000	3/1/2006	7.00%	—	$37,876	12/31/2007	Yes	No	—
Former employee	$195,000	12/1/2006	8.00%	—	$316,300	2/1/2007	Yes	No	—
Former employee	$12,000	3/1/2007	0.00%	—	$12,000	11/15/2007	Yes	No	—
Monet Acquisition	$95,000	5/1/2007	10.00%	—	$155,527	4/25/2010	Yes	No	—
Un-affiliated 3rd party	$50,000	2/8/2008	12.00%	—	$73,000	12/31/2011	Yes	Common Stock at $.10	—
Un-affiliated 3rd party	$50,000	2/8/2008	12.00%	—	$93,500	12/31/2011	Yes	Common Stock at $.10	—
Un-affiliated 3rd party (settlement)	$100,000	9/1/2008	—%	—	$75,000	9/1/2008	Yes	No	—
Financial Indemnity Insurance	$107,500	2/1/2009	10.00%	—	$157,348	8/9/2010	Yes	2,150,000 shares of Series A Preferred Stock held as collateral	—
Un-affiliated 3rd party	$33,000	10/26/2009	8.00%	—	$44,380	N/A	Yes	No	—
Un-affiliated 3rd party	$200,000	12/15/2010	8.00%	—	$244,701	8/19/2011	Yes	Common Stock	20% discount to market price
Asher Enterprises, Inc.	$78,500	4/16/2012	8.00%	22.00%	$52,999	1/16/2013	Yes*	Converted into 10,574,713 shares of Common Stock	42% discount to market price

13. Credit Union Participations

We no longer services automobile finance receivables. However, there was one remaining credit union relationship (Houston Postal Credit Union/Plus4 Credit Union) through our former wholly owned subsidiary, Autocorp Financial Services, Inc., which resulted in a dispute over amounts due on the collection of auto finance contracts. During January 2008, the Company arrived at a $41,000 settlement with this credit union. Per the terms of this agreement, we were to make an initial payment of $5,000, payments of $1,000 per month through February 2009 and a balloon payment of $24,000 at March 1, 2009. This settlement is secured by a $41,000 judgment. As of September 30, 2013, payments totaling $9,000 had been made under the settlement agreement. The remaining settlement obligation is past due.

14. Lines of Credit

In November 2003, the Company executed a revolving credit facility in the amount of $10,000,000 with a financial institution that bore interest at a rate of prime plus 2% and matured in November 2004. The purpose of the credit facility was to provide funding for the purchase of automobile finance installment contracts for sale

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to banks and credit unions which is no longer our line of business. There was outstanding balance totaling $344,330 at both December 31, 2012, including interest and the line of credit was in default. We will negotiate revised payment terms and a settlement with the lender as soon we are able to make a firm commitment.

In April 2007, our chief executive officer at the time provided a line of credit in the amount of $50,000 to us from Atlantic Financial Advisors, Inc. (“AFA”), a corporation which is 100% owned by him. This line was used for the purchase of inventory of GPS hardware. As we have discontinued the GPS business, there is no longer a need for this facility. We have arranged for a settlement for a long term installment payment of $250.00 per month for 30 months to liquidate the remaining balance. The installments are secured by 1,000,000 shares of our common stock.

15. Related Party Transactions

Related Party Notes Payable as of September 30, 2013:


Note Holder	Principal Amount	Date of Note	Interest Rate	Default Interest Rate	Current Amount Due	Maturity Date	Note Default	Convertible & Beneficial Conversion
Peter Ubaldi, CEO	$634,026	12/31/2013	10.00%	—	$661,275	none	No	none
Joseph Battiato, Director	$270,678	12/31/2011	10.00%	—	$318,047	none	No	none

16. Stock Plans

We have a non-qualified stock option plan (the “Plan”) that was adopted by the Board of Directors in March 1997. The Plan, as authorized, provides for the issuance of up to 2,000,000 shares of our common stock.

Persons eligible to participate in the Plan as recipients of stock options include full and part-time employees of the Company, as well as officers, directors, attorneys, consultants and other advisors to the Company or affiliated corporations.

Options issued under the Plan are exercisable at a price that is not less than twenty percent (20%) of the fair market value of such shares (as defined) on the date the options are granted. The non-qualified stock options are generally non-transferable and are exercisable over a period not to exceed ten (10) years from the date of the grant. Earlier expiration is operative due to termination of employment or death of the issue. The entire Plan expired on March 20, 2007, except as to non-qualified stock options then outstanding, which will remain in effect until they have expired or have been exercised. As of December 31, 2009, 1,990,289 shares had been exercised and issued under the Plan.

On November 8, 2006, we filed a Non-Statutory Stock Option Plan, or the Plan, with the SEC. This Plan was intended as an employment incentive, to aid in attracting and retaining persons of experience and ability and whose services are considered valuable to encourage the sense of proprietorship in such persons, and to stimulate the active interest of such persons in our development and success. This Plan provides for the issuance of non-statutory stock options which are not intended to qualify as incentive stock options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. There were a total of 15,000,000 shares in the Plan at inception and 14,100,000 shares have been issued from the Plan as of September 30, 2013.

17. Stock Transactions

For the nine months ended September 30, 2013, we issued the following securities without registration under the Securities Act of 1933. These shares were issued under the Section 4(2) exemption of the Securities Act:

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interest rate of 22.00%, and matured on January 2, 2013. Asher Enterprises may elect to convert the note in shares of our common stock any time after nine months from the date of the note at conversion rate equal to a 42.0% discount to the three lowest closing market prices for the 10 days preceding its election to convert. As a result we booked a beneficial conversion feature of $56,845. During the last quarter of 2012, conversions were made on October 17, 2012 and December 5, 2012, of 4,347,826 and 10,714,286 shares of common stock as recorded for the year end December 31, 2012. The Note holder elected to convert additional principal and interest and received 10,574,713 shares of the Company’s common stock on January 15, 2013.

18. Commitments and Contingencies

Consulting and Employment Contracts

In May 2004, (amended and restated January 2005) we entered into an Employment Agreement (“Agreement”) with Peter Ubaldi. The Agreement provided that Mr. Ubaldi should serve as our president of through January 1, 2007. In January of 2007, the Company renewed Mr. Ubaldi’s Employment Contract for an additional two years under the same terms and conditions as the original agreement. At any time prior to the expiration of the Agreement, the Company and Mr. Ubaldi may mutually agree to extend the duration of employment under the terms of the Agreement for an additional period or periods. As payment for services, the Company agrees to pay Mr. Ubaldi, as the president, a minimum base salary of $250,000 per annum. As provided in the Agreement, Mr. Ubaldi is eligible to be paid bonuses, from time to time, at the discretion of the Company’s Board of Directors, of cash, stock or other valid form of compensation. Upon termination of and under the terms of the Agreement, Mr. Ubaldi shall be entitled to severance compensation in an amount equal to twenty-four months of base salary as shall exist at the time of such termination. In January of 2010 we entered into a new Employment Agreement with Peter Ubaldi to continue as president and chief executive officer for the same base salary, medical benefits and expenses as previously agreed to in May 2004. The term of the agreement is for 5 years with renewal options for 5 additional 1 year terms.

In June of 2008, we entered into a consulting agreement with Vincent Nunez for his contribution in developing the business with Huma-Clean, LLC of Houston, Texas. The term of the contract is 5 years. The provisions in the agreement include:

Mr. Nunez was issued 500,000 shares of the Company’s common stock upon execution of the consulting agreement.

Each time we accumulate $2,000,000 in gross revenues from sales generated in connection with the technology and services of Huma-Clean, LLC, an additional 500,000 shares of the Company’s common stock will be issued to the consultant, limited to 2,500,000 total shares.

A quarterly cash distribution equal to 20% of the net revenues generated by the sales of the consultant, limited to $500,000 for any given quarter.

In June of 2008, the Company entered into an employment agreement with Robert W. Elfstrom. The term of the contract is 2 years with a base compensation of $104,000 per year. Additional provisions in the agreement include:

Mr. Elfstrom shall earn a bonus of $50,000 to be paid within 90 days from the date of execution of the employment agreement.

A quarterly cash distribution equal to 20% of the net revenues generated by the sales of the employee, or the use of this technology, limited to $250,000 for any given quarter.

Mr. Elfstrom and We are reviewing their arrangement as there are certain disputes in performance on the part of Mr. Elfstrom. As a result, we have withheld the $50,000 bonus referred to below along with the weekly

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compensation as stated in the contract. These amounts have been accrued for as of December 31, 2009 and no additional accruals have been recorded by us. We expect to reach an amicable conclusion with Mr. Elfstrom for the termination of his services.

On January 1, 2010, we entered into a 5 year consulting agreement with Smith Street Holdings to provide business acquisition services. Consulting fees to include a quarterly cash distribution in an amount to be determined by the

Board of Directors based on the net revenue generated by transactions initiated by the consultant. In addition the consultant was granted 5,000,000 shares of company stock upon signing the agreement. Also in addition, each time the consultant accumulates $2,000,000 in net revenue less fees paid to the consultant in any given quarter, 3,000,000 shares of the company stock will be granted, not to exceed 10,500,000 shares.

On January 1, 2010, we entered into a 3 year consulting agreement with BBK Investments, LLC to provide business acquisition and product development services. The consulting fees are to include 2,000,000 shares of company stock to be granted upon signing the agreement. Also in addition, each time the consultant accumulates $2,000,000 in net revenue less fees paid to the consultant in any given quarter, 1,000,000 shares of the company stock will be granted, not to exceed 10,000,000 shares.

On January 1, 2010, we entered into a twelve month consulting agreement with Advent Consulting Group, LLC to provide accounting services for a monthly retainer fee of $5,000, which may be paid in cash or company stock. In addition, we agreed to pay an upfront cash retainer fee of $3,000. This agreement was subsequently renewed on January 1, 2011 for an additional one-year terms. We are currently negotiating a new contract for 2014.

Operating Leases

We currently lease approximately 1,000 sq. ft. of office space located at 96 Park Street, Montclair, New Jersey 07042 for $13,300 per year. The lease automatically renews every year unless otherwise terminated pursuant to the terms of the lease. We also entered into a short term commercial lease for the 70 acres associated with our production facilities in Castleberry, Alabama, with an option to purchase the real estate. The lease expired on March 1, 2013 but the landlord has agreed to renew the lease for another nine months. The payment to the landlord is $5,000 per month with $3,000 being applied to rent and $2,000 toward the purchase price. The company is also currently attempting negotiate a finance arrangement to purchase the property which it anticipates closing by the end of the 2013.

19. Pension Plans

The Company does not currently provide, administer or manage a 401(K) plan or any other pension plan.

20. Legal Proceedings

As of September 30, 2013, the Company is presently a party to legal proceeding as follows:

We, through our former wholly owned subsidiary, Autocorp Financial Services, Inc. (“ACFS”) had entered into an auto loan servicing agreement dated January 7, 2003. ACFS and HPCU have disputes over collection of certain auto finance receivables and general performance under the servicing agreement. During 2008, HPCU and the Company entered into a $41,000 settlement agreement. Under the terms of this agreement, we were to pay $5,000 upon signing of the document and make monthly payments of $1,000 through February 2009. A balloon payment of $24,000 was due on March 1, 2009. This settlement is secured by a $41,000 judgment. As of December 31, 2012, payments totaling $9,000 have been made under this settlement agreement.

We entered into a convertible promissory note for $100,000 with Chris Verrone in May 2008. In June 2008, the note was converted into shares of common stock at the holder’s request. Subsequently, the individual requested additional consideration and even though the Company had no obligation to accommodate the request, the Chairman of the Company advanced him $25,000 of his own funds and the Company signed an agreement in September 2008 to pay him an additional $75,000 within 60 days. We have not been able to meet this deadline and the individual had commenced litigation and received a judgment. This amount has been provided for in the financial statements under the notes payable.

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On March 28, 2011 we entered into a settlement agreement, whereby the company would issue 5,000,000 shares of its common stock in settlement of the outstanding balance of $338,459. However if the 5,000,000 shares; when liquidated were not sufficient to cover the outstanding balance then the shortfall would be covered by issuing additional shares of shares of common stock or paid in cash. The shares were issued on April 18, 2011 at a market value of $.02 per share. We booked a reduction in the principal balance of $100,000. Although as of December 31, 2012 the outstanding balance was $0.00, this balance may be adjusted in the future due to the uncertainty of future stock prices and liquidated value of the stock.

In January of 2013, a dispute arose between the Company and Asher Enterprises, Inc. (“Asher”) concerning the conversion rights for the settlement of the Promissory Note dated March 29, 2012 in the amount of $78,500. After the last conversion to common stock exercised by Asher on January 15, 2013 it was acknowledged by Asher that the balance on the Note dated March 29, 2012 owed by the Company was $44,300.00. Under their conversion rights, Asher had taken almost all the available authorized common stock of the Company which was 25,636,825 shares.

When the original Note was entered into and before it was funded, Asher was made aware by management and in writing by the Company’s Transfer Agent that the existing authorized but unissued shares was all the common stock available to settle this Note when it became due. The Company’s management made it clear that they would not seek shareholder approval to increase the number of shares authorized to re-pay this obligation.

Asher has sued the Company along with our President and CEO and Joseph Battiato, our Chairman, as individuals, in an attempt to force Ubaldi and Battiato to ask the stockholders to increase the authorized common stock. Ubaldi and Battiato believe that Asher systematically, unethically and illegally undertook activities to devalue the Company’s common stock in order to acquire an inordinate number of shares and profit by dumping the Company’s stock in the market. Furthermore, by knowingly going forward with the funding of the Note, the Company believes that Asher had given up the right to seek additional shares which were not available. The Company has filed an answer to the lawsuit and plans to vigorously pursue this matter in court, in addition to filing complaints with FINRA and the SEC. While we are unable to determine if the case will have a favorable outcome, management believes that the financial impact will be minimal as the amount owed is nominal; however, no assurance can be given that such would be the case.

In addition to the matter described above, we are involved in various legal actions and claims from time to time, which arise in the normal course of business

21. Subsequent Events

None.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation

The use of the words “we,” “us,” “our” or “the Company” refers to Global Ecology Corporation and its subsidiaries, except where the context otherwise requires.

The following discussion of the Company’s financial condition, changes in financial conditions and results of operations should be read in conjunction with the financial statements and notes for the period ended September 30, 2012 contained in this Form 10-Q, and with the audited financial statements and notes as well as other items thereto included in our annual report on Form 10-K for the year ended December 31, 2012. This report, annual reports on Form 10-K, current reports on Form 8-K and amendments to these reports filed or furnished pursuant to Section 13(a) of the Exchange Act are made available free of charge through the United States Securities and Exchange Commission’s, or SEC's, website (www.sec.gov), which contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC. In addition, these documents are made available on our website as soon as reasonably practicable after the material is electronically filed with, or furnished to, the SEC. The public may read and copy of any of our material filed with the SEC at the SEC's Public Reference Room located at 450 Fifth Street, N.W., Washington, D.C. 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.

Cautionary Statement Regarding Forward Looking Statements

Certain of the statements contained in this Form 10-Q for the three months ended September 30, 2013 should be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which reflect the current views of our Company with respect to current events and financial performance. You can identify these statements by forward-looking words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “could,” “should,” and “continue” or similar words. These forward-looking statements may also use different phrases. From time to time,

We may also provide forward-looking statements in other materials and releases to the public or files with the SEC, as well as oral forward-looking statements. You should consult any further disclosures on related subjects in our previous Annual Report on Form 10-K, quarterly reports filed on Form10-Q and current reports on Form 8-K filed with the SEC.

Such forward-looking statements are and will be subject to many risks, uncertainties and factors relating to our operations and the business environment in which we operate, which may cause our actual results to be materially different from any future results, express or implied, by such forward-looking statements. Statements in this quarterly report and the exhibits to this report should be evaluated in light of these important risks, uncertainties and factors. We are not obligated to, and undertakes no obligation to publicly update any forward-looking statement due to actual results, changes in assumptions, new information or as the result of future events.

Overview

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the end of 2007, we provided the GPS tracking industry with state-of-the-art software, as well as low cost tracking hardware, and the ability to offer a cost-effective data transmission fee

GEC Organics Corporation

In addition, we have initiated the process to register and sell our carbon credits produced at our Alabama facility and future locations. We have entered into an agreement with Green Giant Venture Fund (“GGVF”), a firm with 10 years’ experience in this market to guide us through this process and monetize our Carbon Credit production. GGVF will develop the Project Design Document and market the Carbon Credits to the appropriate buyers and brokers. We have arranged for the needed financing to put the plan in place which will include: working capital for GECO, due-diligence, filings, legal expense, and agency approvals when needed. As of September 30, 2013, we had begun limited production, marketing and sale of our organic soil amendment. While, we have now begun limited production and marketing of our organic soil product and the application process for the carbon credit program, we can provide no assurance that our products will be widely accepted by our targeted consumers or receive approval for the carbon credit program in order for us recognize a return on our investment.

GEC CleanWater Technologies, Inc.

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and federal governmental agencies. GEC CleanWater Technologies, Inc. aims to work with federal and state governmental agencies by providing solutions for the myriad of water issues confronting governmental agencies.

Clean Tower Technologies, Inc.

In January of 2011, we formed a wholly subsidiary, CleanTower Technologies, Inc., for the purpose of developing a market for our licensed environmentally safe chemical IMS1000. The solution is produced under a private label arrangement with our Canadian supplier, Ocion, Inc.. This new company will eventually include a number of affiliates with industry experience to help us build the operation. As of September 30, 2013 there has been no activity to report.

Going Concern

Plan of Operation

Management is taking the following steps to create shareholder value and revenue growth for our company: (i) development of global partnerships to create distribution channels for our products; (ii) entering into and exploring a number of strategic partnerships both domestically within the United States and internationally to assist us in the development of our technologies; (iii) expansion of sales and marketing efforts into various markets impacted by environmental issues such as the water cooling tower market; (iv) continual development of proprietary technologies as well as development of new licensing arrangements for technologies that complement our current product offerings; and (v) aggressively pursuing regulatory approval in both the united states and internationally to allow for the use of our products in a broad range of environmental remedial markets.

Our future success is likely dependent on its ability to create profitable growth and attain additional capital to support growth and ultimately our ability to reach profitability and maintain profitability one we have reached that stage. There can be no assurance that we will be successful in obtaining any such financing, or that it will be able to generate sufficient positive cash flow from operations. The successful outcome of these or any future activities cannot be determined at this time and there is no assurance that if achieved, we will have sufficient funds to execute its business plans. The financial statements do not include any adjustments relating to the recoverability and

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classification of asset carrying amounts or the amount and classification of liabilities that might result should we be unable to continue as a going concern.

Employees

As of September 30, 2013, we have employed a total of 4 people. No employees are covered by a collective bargaining agreement.

Results of Operations


GLOBAL ECOLOGY CORPORATION
Condensed Consolidated Statement of Operations
for the three and nine months ended September 30,

	Un-audited		Un-audited
	Three month period ended		Nine month period ended
	2013	2012	2013	2012

Sales	$ 4,009	$ 61,086	$ 9,616	$ 61,086
Cost of Goods Sold	19,485	60,045	12,648	79,531
Gross Profit	(15,476)	1,041	(3,032)	(18,445)

General And Administrative	172,599	409,462	452,286	722,626
Beneficial conversion feature	-	56,845	-	56,845
Shares issued for Services	-	-	-	-
Net Profit / (Loss) From Operations	(188,075)	(465,266)	(455,318)	(797,916)

Other Income / (expense)	-	-	(13,193)	197,369
Interest Expense	(94,233)	(189,887)	(255,471)	(280,876)
Net Profit / (Loss) Before Income Taxes	(282,308)	(655,153)	(723,982)	(881,423)
Income Tax Expense	-	-	-	-
Net Profit / (Loss)	$ (282,308)	$ (655,153)	$ (723,982)	$ (881,423)

Revenues

Product Sales

For the three and nine months ended September 30, 2013, we had $4,009 and $9,616, respectively, in sales as compared to $61,086 and $61,086 in sales for the three and nine months ended September 30, 2012 due to the sale of one of our Mobile Pure Water Systems during the first quarter of 2012 and limited sales of our soil amendment in the nine months ended September 30, 2012.

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Cost of Sales

For the three and nine months ended September 30, 2013, cost of product sales were $19,485 and $12,648, respectively as compared to $60,045and 79,531 for the three and nine months ended September 30, 2012, respectively, due to the cost of sale of one of our Mobile Pure Water Systems during the first quarter of 2012 and costs of sales of our soil amendment in the three and nine months ended September 30, 2013.

General and Administrative Expenses

General and administrative expenses decreased by $236,863 and $270,340 for the three and nine months ended September 30, 2013compared to the same periods in 2012, mainly due to the decrease in consulting, expenses associated with building our production facility in Castleberry, Alabama and other general operating expenses in connection with our subsidiary GEC Organics.

Other Income (Expense)

We had other expense of ($13,193) for the nine months ended September 30, 2013 compared to other income of $197,369 for the nine months ended September 30, 2012 due to the loss on sale of equipment during three months ended September 30, 2013 compared to a gain we had recognized due to the forgiveness of debt with Market Connexxion for the same period in 2012 to the forgiveness of $96,325 of Principal and $101,807 in accrued interest.

Interest Expenses

Interest expense decreased by $25,405 for the nine months ended September 30, 2013, as compared to the same period in 2012 due to the conversion of some of our outstanding debt to common stock shares.

Liquidity

The Company's consolidated financial statements have been prepared on the assumption that the Company will continue as a going concern. Management is seeking various types of additional funding such as issuance of additional common or preferred stock, additional lines of credit, or issuance of subordinated debentures or other forms of debt will be pursued. The funding should alleviate the Company's working capital deficiency and increase profitability. However, it is not possible to predict the success of management's efforts to achieve profitability. Also, there can be no assurance that additional funding will be available when needed or, if available, that its terms will be favorable or acceptable.

These factors raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation. Management is seeking to raise additional capital and to renegotiate certain liabilities in order to alleviate the working capital deficiency.

Due to recurring operating losses and the Company's current working capital deficit, there is a need to obtain additional funding of working capital for the Company to operate as a going concern. The Company incurred operating losses of ($723,982) and ($881,423) for the nine month periods ended September 30, 2013 and 2012, respectively.

The Company's cash flows from operating, investing and financing activities, as reflected in the consolidated statements of cash flows, are summarized in the following table:

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GLOBAL ECOLOGY CORPORATION
Condensed Consolidated Statements of Cash Flows
for the nine months ended September 30,

	2013	2012
Net cash provided (used) in operating activities	$ (98,242)	$ (364,734)
Net cash used in investing activities	35,693	(123,341)
Net cash provided by financing activities	65,328	(41,897)
Net increase (decrease) in cash	2,779	(529,972)
Cash beginning of the period	(3,452)	547,923
Cash end of the period	$ (673)	$ 17,951

Net cash used in operating activities for the nine months ended September 30, 2013 decreased to $(98,242) from ($364,734) for the nine months ended September 30, 2012, primarily due to decreased spending in the current period for the construction and development of our soil amendment production facility located in Castleberry, Alabama.

We had $35,693 in cash used by investing activities for the nine months ended September 30, 2013 compared to ($123,341) in the same period of 2012 primarily due to decreased investment in the current period for the construction and development of our soil amendment production facility located in Castleberry, Alabama.

Net cash provided by financing activities was $65,328for the nine months ended September 30, 2013 compared to net cash provided by financing activities of ($41,897) for the nine months ended September 30, 2012 due to decrease in financings and advances from related parties.

Market for Common Stock; Volatility of Prices

There has been a limited public trading market for shares of our common stock. There can be no assurance that a regular trading market for shares of our common stock will ever develop or, if developed, that it will be sustained. The market price of our shares of common stock could also be subject to significant fluctuations in response to such factors as variations in the anticipated or actual results of our operations or other companies in the business of environmental restoration, changes in conditions affecting the economy generally, analyst reports, general trends in industry, and other political or socioeconomic events or factors.

Off Balance Sheet Arrangements

We do not have any transactions, agreements or other contractual arrangements that constitute off-balance sheet arrangements.

Deferred Tax Valuation

We continue to incur tax net operating losses, which are available to carry forward and offset future taxable income. These net operating losses were generated, principally as a result of losses resulting from our operations. A deferred tax asset results from the benefit of utilizing these net operating loss carry-forwards in future years.

Due to the current uncertainty of realizing the benefits of the tax NOL carry-forward, a valuation allowance equal to the tax benefits for the deferred taxes has been established. The full realization of the tax benefit associated with the carry-forward depends predominately upon our ability to generate taxable income during future periods, which is not assured.

Indemnification of Directors and Officers

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Subject to and subsequent to an appointment or election as an officer or director, we provide contractually indemnification.

We agree to indemnify the positions of directors and officers as follows: A director or officer shall not be liable for any claim or demand on account of damages in any manner. We agree to indemnify and hold directors or officers, without limitation, harmless from any and all damages, losses (which shall include any diminution in value), shortages, liabilities (joint or several), payments, obligations, penalties, claims, litigation, demands, defenses, judgments, suits, proceedings, costs, disbursements or expenses of any kind or nature whatsoever, specifically including without limitation, fees, disbursements and expenses of attorneys, accountants and other professional advisors and of expert witnesses and cost of investigation and preparation.

Item 3. Quantitative and Qualitative Disclosure about Market Risk.

Not applicable to smaller reporting companies.

Item 4. Controls and Procedures.

(a)

Evaluation of disclosure controls and procedures. We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports under the Securities Exchange Act of 1934, as amended, or the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the rules and forms and that such information is accumulated and communicated to us, including our chief executive officer and our principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

As required by Rules 13a-15(b) and 15d-15(b) of the Exchange Act, an evaluation as of September 30, 2013 was conducted under the supervision and with the participation of our chief executive officer and our principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act). Based on this evaluation, our chief executive officer and principal financial officer concluded that our disclosure controls and procedures, as of September 30, 2013, were effective.

(b)

Changes in internal control over financial reporting. There were no changes in our internal control over financial reporting that occurred during the quarter ended September 30, 2013 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II--OTHER INFORMATION

Item 1.

Legal Proceedings

As of September 30, 2013, the Company is presently a party to legal proceeding as follows:

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In addition to the matter described above, we are involved in various legal actions and claims from time to time, which arise in the normal course of business.

Item 1A. Risk Factors.

There are no material changes from the risk factors previously disclosed in our 2012 Annual Report on Form 10-K, as filed with the SEC on April 18, 2013.

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

On April 16, 2012, we entered into a convertible promissory note with Asher Enterprises, Inc., an unaffiliated third party, for a principal amount of $78,500. The promissory note has an interest rate of 8.00% per annum, a default interest rate of 22.00%, and matured on January 2, 2013. Asher Enterprises may elect to convert the note in shares of our common stock any time after nine months from the date of the note at conversion rate equal to a 42.0% discount to the three lowest closing market prices for the 10 days preceding its election to convert. As a result we booked a beneficial conversion feature of $56,845. During the last quarter of 2012, conversions were made on October 17, 2012 and December 5, 2012, of 4,347,826 and 10,714,286 shares of common stock as recorded for the year end December 31, 2012. The Note holder elected to convert additional principal and interest and received 10,574,713 shares of the Company’s common stock on January 15, 2013.

Item 3.

Defaults upon Senior Securities

Defaults upon Senior Securities as of September 30, 2013:

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Note Holder	Principal Amount	Date of Note	Interest Rate	Default Interest Rate	Current Amount Due	Maturity Date	Note Default	Convertible	Beneficial Conversion
Riverside Corporation	$134,500	3/1/2005	7.00%	—	$193,715	4/28/2006	Yes	No	—
Un-affiliated 3rd party3rd party	$100,000	2/1/2006	10.00%	—	$146,446	12/31/2011	Yes	Yes	—
Un-affiliated 3rd party	$27,000	3/1/2006	7.00%	—	$37,876	12/31/2007	Yes	No	—
Former employee	$195,000	12/1/2006	8.00%	—	$316,300	2/1/2007	Yes	No	—
Former employee	$12,000	3/1/2007	0.00%	—	$12,000	11/15/2007	Yes	No	—
Monet Acquisition	$95,000	5/1/2007	10.00%	—	$155,527	4/25/2010	Yes	No	—
Un-affiliated 3rd party	$50,000	2/8/2008	12.00%	—	$73,000	12/31/2011	Yes	Common Stock at $.10	—
Un-affiliated 3rd party	$50,000	2/8/2008	12.00%	—	$93,500	12/31/2011	Yes	Common Stock at $.10	—
Un-affiliated 3rd party (settlement)	$100,000	9/1/2008	—%	—	$75,000	9/1/2008	Yes	No	—
Financial Indemnity Insurance	$107,500	2/1/2009	10.00%	—	$157,348	8/9/2010	Yes	2,150,000 shares of Series A Preferred Stock held as collateral	—
Un-affiliated 3rd party	$33,000	10/26/2009	8.00%	—	$44,380	N/A	Yes	No	—
Un-affiliated 3rd party	$200,000	12/15/2010	8.00%	—	$244,701	8/19/2011	Yes	Common Stock	20% discount to market price
Asher Enterprises, Inc.	$78,500	4/16/2012	8.00%	22.00%	$52,999	1/16/2013	Yes*	Converted into 10,574,713 shares of Common Stock	42% discount to market price

Item 4.

[Removed and Reserved.]

Item 5.

Other Information

None.

Item 6. Exhibits

The exhibit listed on the Exhibit Index (following the signatures section of this Quarterly Report on

Form 10-Q are included, or incorporated by reference, in this Quarterly Report on Form 10-Q.

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SIGNATURES

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

Signature

Title

Date

/s/ Peter D. Ubaldi

Chief Executive Officer & President

November 19, 2013

_______________________

Peter D. Ubaldi

/s/ Peter D. Ubaldi

Principal Financial Officer

November 19, 2013

_______________________

Peter D. Ubaldi

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EXHIBIT INDEX

Pursuant to Item 601(a)(2) of Regulation S-K, this Exhibit Index immediately precedes the exhibits.

The following exhibits are included, or incorporated by reference, in this Quarterly Report on Form 10-Q for the period ended September 30, 2013 (are numbered in accordance with Item 601 of Regulation S-K).

EXHIBIT

NUMBER DESCRIPTION

2.1 Acquisition Agreement (included as Exhibit 2.1 to our Current Report on Form 8-K filed August 31, 1993 and incorporated herein by reference)

3.1 Amendments of Articles of Incorporation (included as Exhibit C to our Form 14C DEF filed February 7, 2006 and incorporated herein by reference)

3.2 Amendment of Articles of Incorporation (included as Exhibit 3.1 to our Current Report on Form 8-K filed November 3, 2009 and incorporated herein by reference)

31.1* Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2* Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1** Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2** Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS** XBRL Instance Document

101.SCH** XBRL Taxonomy Extension Schema Document

101.CAL** XBRL Taxonomy Extension Calculation Linkbase Document

101.LAB** XBRL Taxonomy Extension Label Linkbase Document

101.PRE** XBRL Taxonomy Extension Presentation Linkbase Document

101.DEF** XBRL Taxonomy Extension Definition Linkbase Document

________________________

*Filed herewith.

**Furnished herewith.

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Global Ecology Corp 10-Q