10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

Form 10-Q/A

Amendment No. 2

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

For the quarterly period ended June 30, 2011

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

Commission file number 333-167853

ENERGY EDGE TECHNOLOGIES CORPORATION

(Exact name of registrant as specified in its charter)

New Jersey	52-2439239
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1200 Route 22 East, Suite 2000
Bridgewater, New Jersey	08807
(Address of principal executive offices)	(Zip Code)

(888) 729-5722 x 100

(Registrant’s telephone number, including area code)

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes T   No £

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).   Yes S   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 definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Ruble 12b-2 of the Exchange Act.

Large accelerated filer   £	Accelerated filer  £
Non-accelerated filer  £ (Do not check if a smaller reporting company)	Smaller reporting company  T

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

The number of shares of Common Stock, $0.01 par value, outstanding on June 30, 2011 was 52,761,205.

ENERGY EDGE TECHNOLOGIES CORPORATION AND SUBSIDIARIES

TABLE OF CONTENTS

Item 6	Exhibits
	Signatures
	Ex.31.1 Section 302 Certification of CEO
	Ex 31.2 Section 302 Certification of CFO
	Ex 32    Section 906 Certifications of CEO and CFO

Explanatory Note

This Amendment No. 2 on Form 10-Q/A amends the registrant’s Quarterly Report on Form 10-Q/A for the three months ended June 30, 20111 as filed with the Securities and Exchange Commission by the registrant on August 22, 2011, and is filed solely to include the 101 XBRL Interactive Data File exhibits required by Item 6.  No other items are being amended except as described in this Explanatory Note and this Amendment does not reflect any events occurring after the filing of our original Quarterly Report on Form 10-Q/A for the three months ended June 30, 2011.

ITEM 6.  EXHIBITS.

Exhibit Number	Description
31.1	Certification of Chief Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer furnished 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 furnished 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

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ENERGY EDGE TECHNOLOGIES CORPORATION

(Registrant)

By:      /s/ Joe Ragosta                                           

           Joe Ragosta

           Chief Executive Officer, President, and Director

Date: August 24, 2011

By:      /s/Robert Holdsworth                                           

           Robert Holdsworth

           Chief Financial Officer

Date: August 24, 2011

EX-31.1

Certification of

Principal Executive Officer

Of Energy Edge Technologies Corporation

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Joe Ragosta, certify that:

1.   I have reviewed this Quarterly Report on Form 10-Q/A, Amendment No. 2 of Energy Edge Technologies Corporation;

2.  Based on my knowledge, this  report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this  report;

3.  Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant  as of, and for, the periods presented in this l report;

4.  The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the  registrant and we have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,  to ensure that material information relating to the  registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this  report based on such evaluation; and

d) Disclosed in this annual report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report) that has materially affected, or is likely to materially affect, the registrant’s internal control over financial reporting; and

5.  The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of small business issuer’s board of directors (or persons performing the equivalent function):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report  financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated:  August 24, 2011

By /s/Joe Ragosta                                            

Joe Ragosta

Chief Executive Officer and President

(Principal Executive Officer)

EX-31.2

Certification of

Principal Financial Officer

Of Energy Edge Technologies Corporation

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Robert Holdsworth, certify that:

1.   I have reviewed this Quarterly Report on Form 10-Q/A, Amendment No.2 of Energy Edge Technologies Corporation;

2.  Based on my knowledge, this  report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this  report;

3.  Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant  as of, and for, the periods presented in this l report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the  registrant and we have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,  to ensure that material information relating to the  registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this  report based on such evaluation; and

d) Disclosed in this annual report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report) that has materially affected, or is likely to materially affect, the registrant’s internal control over financial reporting; and

5.  The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of small business issuer’s board of directors (or persons performing the equivalent function):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report  financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated:  August  24, 2011

By: /s/Robert Holdsworth                      

Robert Holdsworth

Acting Primary Financial Officer

(Principal Financial Officer)

EX-32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Energy Edge Technologies Corporation (the “Company”) on Form 10-Q/A, Amendment No. 2 for the period ended June 30, 2011, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned officers of the Company certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to such officer’s knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods expressed in the Report.

Dated:  August 24, 2011

By: /s/Joe Ragosta                                  

Joe Ragosta

Chief Executive Officer and President

(Principal Executive Officer)

EX-32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Energy Edge Technologies Corporation (the “Company”) on Form 10-Q/A, Amendment No. 2 for the fiscal year ended June 30, 2011, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned officers of the Company certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to such officer’s knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods expressed in the Report.

Dated:  August 24, 2011

By:/s/Robert Holdsworth

Robert Holdsworth

Acting Principal Financial Officer

(Principal Executive and Financial Officer)

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BALANCE SHEETS (PARENTHETICAL) (USD $)	Jun. 30, 2011	Dec. 31, 2010
Common Stock, par or stated value	$ 0.00001	$ 0.00001
Common Stock, shares authorized	100,000,000	100,000,000
Common Stock, shares issued	52,761,205	52,761,205
Common Stock, shares oustanding	52,761,205	52,761,205

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STATEMENTS OF OPERATIONS (UNAUDITED) FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010 (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
CONTRACT REVENUES	$ 285,922	$ 264,765	$ 495,568	$ 576,224
CONTRACT COSTS	87,354	243,692	240,476	409,221
GROSS PROFIT	198,568	21,073	255,092	167,003
OPERATING EXPENSES
Wages - officers	85,525	46,655	134,275	158,243
Consulting fees	57,400	530,300	90,400	530,300
Directors fees		80,000		80,000
Professional fees	52,819		141,401
General & administrative expenses	28,741	55,320	64,453	99,275
TOTAL OPERATING EXPENSES	224,485	712,275	430,529	867,818
(LOSS) FROM OPERATIONS	(25,917)	(691,202)	(175,437)	(700,815)
OTHER INCOME (EXPENSE)
Interest expense	(6,363)	(1,207)	(9,830)	(2,283)
(LOSS) BEFORE INCOME TAX PROVISION (BENEFIT)	(32,280)	(692,409)	(185,267)	(703,098)
INCOME TAX PROVISION (BENEFIT)
Current
Deferred		(302,000)		(302,000)
NET (LOSS)	$ (32,280)	$ (390,409)	$ (185,267)	$ (401,098)
BASIC AND DILUTED EARNINGS PER SHARE	$ 0.00	$ (0.01)	$ 0.00	$ (0.01)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: BASIC AND DILUTED	51,261,205	32,874,835	50,874,015	31,272,582

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Document and Entity Information	3 Months Ended
	Jun. 30, 2011
Document and Entity Information
Entity Registrant Name	Energy Edge Technologies Corp.
Document Type	10-Q
Document Period End Date	Jun. 30, 2011
Amendment Flag	false
Entity Central Index Key	0001495230
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	52,761,205
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q2

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Income Taxes

3 Months Ended

Jun. 30, 2011

Income Taxes

Income Taxes

NOTE 6 – INCOME TAXES

The Company was previously taxed as an S Corporation under the provisions of the Internal Revenue Code. Effective January 1, 2010, the Company revoked its S Corporation status and is now taxed as a regular corporation.

For the period ended June 30, 2011, the Company has incurred a net loss and, therefore, has no tax liability.  As of June 30, 2011, the Company had cumulative net operating loss carry forwards of approximately $1,814,854 that may be available to reduce future years’ taxable income through 2031. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The components of the provision for income tax consists of the following at June 30, 2011 and 2010:

	2011			2010
Federal income tax  benefit attributable to:
Current operations	$	62,991		$	0
Less: valuation allowance		(62,991	)		0
Net provision for Federal income taxes	$	0		$	0

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

	June 30, 2011			December 31, 2011
Deferred tax asset attributable to:
Net operating loss carryover	$	617,050		$	522,000
Less: valuation allowance		(617,050	)		(522,000	)
Net deferred tax asset	$	0		$	0

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of $1,815,000 for federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

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Summary of Significant Accounting Policies

3 Months Ended

Jun. 30, 2011

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Form S-1 filed with the SEC as of and for the period ended December 31, 2010. In the opinion of management, all adjustments necessary in order for the financial statements to be not misleading have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results expected for the full year.

Basis of Accounting

Energy Edge uses the accrual basis of accounting for financial statement reporting. Accordingly, revenues are recognized when products are delivered and services are rendered, and expenses are recognized when the obligation is incurred. The Company recognizes revenues from contracts on the percentage-of-completion method, measured by the percentage of cost incurred to date to estimated total cost for each contract. The Company has selected a December 31 year end.

Financial Instruments

The Company's financial instruments consist of cash and cash equivalents, contract receivables, related party loan receivable, accounts payable, billings in excess of costs and estimated earnings on uncompleted contracts, sales tax payable and accrued expenses. The carrying amounts of these financial instruments approximate fair value due either to length of maturity or interest rates that approximate prevailing rates unless otherwise disclosed in these financial statements.

Contract Receivables

Contract receivables are recorded when invoices are issued and are presented in the balance sheet net of the allowance for doubtful accounts. Contract receivables are written off when they are determined to be uncollectible.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles of the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements

and the reported amounts of revenues and expenses during the year. Management bases its estimates on historical experience and on other assumptions considered to be reasonable under the circumstances. However, actual results may differ from the estimates.

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.

In addition, the Company extends credit to customers in the normal course of business. The Company monitors the account receivable balances and does not expect significant collection problems.

Revenue Recognition

The Company recognizes revenues from contracts on the percentage-of-completion method, measured by the percentage of cost incurred to date to estimated total cost for each contract. That method is used because management considers total cost to be the best available measure of progress on contracts. Because of inherent uncertainties in estimating costs, it is at least reasonably possible that the estimates used will change within the near term.

Contract costs include all direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs and depreciation. Selling, general, and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, and estimated profitability may result in revisions to costs and income, which are recognized in the period in which the revisions are determined. Changes in estimated job profitability resulting from job performance, job conditions, contract penalty provisions, claims, change orders, and settlements, are accounted for as changes in estimates in the current period. No profit is recognized on change orders until they have been approved by the customer.

The asset, “Costs and estimated earnings in excess of billings on uncompleted contracts,” represents revenues recognized in excess of amounts billed. The liability, “Billings in excess of costs and estimated earnings on uncompleted contracts,” represents billings in excess of revenues recognized.

Income Taxes

The Company uses the asset and liability method of accounting of income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  We evaluate deferred tax assets to determine whether it is more likely than not that they will be realized.  To the extent we believe that realization is not likely, we establish a valuation allowance.

Revocation of S Corporation Status

Effective January 1, 2010, the Company revoked its S Corporation status and will be taxed as a C Corporation going forward.

Research and Development

The Company has not incurred any research and development costs to date.

Recent Accounting Pronouncements

Energy Edge does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flows.

Stock-Based Compensation

The Company uses the modified prospective method of accounting for stock-based compensation. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the estimated grant-date fair value.  As of June 30, 2011, the Company has not issued any stock-based payments to its employees.

The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Aquiring, or in Conjunction with Selling Good and Services,” for stock options and warrants issued to consultants and other non-employees.  In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined.  The Company issued 3,694,380 shares to consultants or other nonemployees to date in 2011.  The shares were valued at $369,438 including $34,400 charged to consulting expense, $237,600 to prepaid consulting services and $97,438 charged to legal fees in the current year.

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Going Concern

3 Months Ended

Jun. 30, 2011

Nature of Operations

Going Concern

NOTE 8 – GOING CONCERN

The Company has limited working capital, and has suffered a significant loss from operations.  These factors create substantial doubt about the Company’s ability to continue as a going concern.  The financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.

The ability of Energy Edge Technologies Corporation to continue as a going concern is dependent on the Company generating cash from the sale of its common stock and/or obtaining debt financing and attaining future profitable operations or acquiring or merging with a profitable company.  Management’s plans include selling its equity securities and obtaining debt financing to fund its capital requirements; however, there can be no assurance the Company will be successful in these efforts.

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Subsequent Events

3 Months Ended

Jun. 30, 2011

Subsequent Events

Subsequent Events [Text Block]

NOTE 9 – SUBSEQUENT EVENTS

Management has evaluated subsequent events through the date on which the financial statements were issued, August 1, 2011, and has determined it does not have any material subsequent events to disclose.

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Commitments and Contingencies

3 Months Ended

Jun. 30, 2011

Commitments and Contingencies {1}

Commitments and Contingencies Disclosure

NOTE 7 – COMMITMENTS AND CONTINGENCIES

The Company neither owns nor leases any real property as of June 30, 2011. An officer has provided office services without charge.  There is no obligation for the officer to continue this arrangement.  Such costs are immaterial to the financial statements and accordingly are not reflected herein.

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STATEMENTS OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHS ENDED JUNE 30, 2011 AND 2010 (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) for the period	$ (185,267)	$ (401,098)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	859	804
Issuance of stock for services	369,438	530,300
Deferred income tax		(302,000)
Changes in assets and liabilities:
Contract receivables	(761,657)	134,929
Accounts receivable - other	9,565
Prepaid job supplies		(15,000)
Prepaid consulting fees	(187,600)
Costs and estimated earnings in excess of billings on uncompleted contracts	45,362	9,554
Accounts payable	8,372	7,321
Billings in excess of costs and estimated earnings on uncompleted contracts	480,297	(157,971)
Payroll liabilities	(7,078)
Accrued expenses and other current liabilities	178,754	66,745
Cash flows from (used in) operating activities	(48,955)	(126,416)
CASH FLOWS FROM INVESTING ACTIVITIES
Loan to related party		(50,074)
Purchase of property and equipment		(7,950)
Cash flows from (used in) investing activities		(58,024)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from private placements	8,000	192,500
Cash flows from (used in) in financing activities	8,000	192,500
NET INCREASE (DECREASE) IN CASH	(40,955)	8,060
Cash, beginning of the period	55,510	4,544
Cash, end of the period	14,555	12,604
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	2,638	2,283
Income taxes paid	0	0
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Shares issued for prepaid consulting services	$ 0	$ 450,000

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Property and Equipment

3 Months Ended

Jun. 30, 2011

Property and equipment

Property and Equipment

NOTE 3 – PROPERTY AND EQUIPMENT

The Company’s policy is to depreciate the cost of property and equipment over the estimated useful lives of the assets by use of the straight-line method. The office equipment presently owned by the Company is being depreciated over an estimated useful life of five years.

Depreciation expense for the six months ended June 30, 2011 and 2010 was $859 and $804, respectively.

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Accrued Expenses and Other Current Liabilities

3 Months Ended

Jun. 30, 2011

Accrued Expenses and Other Current Liabilities

Accrued Expenses and Other Current Liabilities

NOTE 4 – ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the following at June 30, 2011 and December 31, 2010:

	June 30, 2011		December 31, 2010
Accrued penalties	$	8,667	$	-
Credit card balances		-		8,667
Accrued professional fees		13,400		16,400
Accrued contract costs		104,590		-
Accrued interest		9,242		2,050
Accrued payroll		69,972		-
Payroll taxes payable		106,508		113,584
Sales tax payable		15,082		15,082
Total accrued expenses and other current liabilities	$	327,461	$	155,783

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Stockholders' Equity

3 Months Ended

Jun. 30, 2011

Stockholders' Equity {1}

Stockholders' Equity

NOTE 5 – STOCKHOLDER’S EQUITY

On March 26, 2010, the Company amended its Articles of Incorporation to increase the number of authorized shares to 100,000,000 with a par value of $.00001.

The Company originally issued 1,500 no par value common shares to its founder. On May 10, 2010, the Company issued an additional 29,998,500 shares of common stock in payment of services provided by the founder of the Company. Since nominal consideration was received for the shares, these financial statements have treated the transaction as if it were a stock split. Accordingly, all share and per share data has been adjusted to reflect such stock split.

In April and May, 2010, the Company sold 1,425,000 shares of common stock at $.10 per share under a private placement to unrelated third parties for total proceeds of $142,500.

In May, 2010, the Company sold 1,000,000 shares of common stock at $.05 per share under a private placement to an unrelated third party for total proceeds of $50,000.

On June 17, 2010, the Company issued 9,000,000 common shares valued at $.10 per share for business consulting services.

On June 17, 2010, the Company issued 600,000 common shares valued at $.10 per share in payment of equity issuance costs.

On June 28, 2010, the Company issued 800,000 common shares valued at $.10 per share to four members of the Board of Directors in payment of directors’ fees.

During July, August, and September, 2010, the Company sold 1,482,000 shares of common stock at $.10 per share under a private placement to unrelated third parties for total proceeds of $148,200.

On August 2, 2010, the Company issued 1,345,825 common shares valued at $75,000 for legal services rendered to the Company.

On August 23, 2010, the Company issued 64,000 common shares at $.10 per in payment of equity issuance costs.  On September 28, 2010, the Company issued 1,000,000 shares valued at $10 per share for business consulting services.

On August 23, 2010, the Company issued 64,000 common shares at $.10 per in payment of equity issuance costs.

On September 28, 2010, the Company issued 1,000,000 shares valued at $10 per share for business consulting services.

On October 7, 2010, the Company sold 2,050,000 shares of common stock at approximately $.08 per share under a private placement to an unrelated third party for total proceeds of $165,000.

During October, November and December, 2010, the Company sold 220,000 shares of common stock at $.10 per share under a private placement to unrelated third parties for total proceeds of $22,000.

In the first quarter of 2011, the Company issued 744,380 shares of common stock to consultants or other non-employees for business consulting or legal services.  In addition, 30,000 shares of common stock were sold at $0.10 per share, under a private placement to an unrelated third party for total proceeds of $3,000.

In the second quarter of 2011, the Company issued 2,950,000 shares of common stock to consultants or other non-employees for business consulting and legal services.  In addition, 50,000 shares of common stock were sold at $.10 per share to the Chief Executive Officer.

As of June 30, 2011, the company has no warrants or options outstanding.

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STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (UNAUDITED) AS OF JUNE 30, 2011 (USD $)	Total	Common Stock Shares	Common Stock Amount	Additional Paid in Capital	Accumulated Deficit	Total Stockholders' Equity (Deficit)
Stockholders' Equity at Dec. 31, 2010	$ 10,141		$ 490	$ 1,639,238	$ (1,629,587)	$ 10,141
Shares Issued at Dec. 31, 2010		48,986,825
Issuance of shares for services at $.10 per share		20,000	0	2,000		2,000
Issuance of shares under private placement at $.10 per share		30,000	0	3,000		3,000
Issuance of shares for legal services at $.10 per share		180,000	2	17,998		18,000
Issuance of shares for legal services at $.10 per share		544,380	5	54,433		54,438
Issuance of shares for sales commission at $.10 per share		2,700,000	27	269,973		270,000
Issuance of shares under private placement at $.10 per share		50,000	1	4,999		5,000
Issuance of shares for legal services at $.10 per share		250,000	3	24,997		25,000
Net loss for the six months ended June 30, 2011	(185,267)				(185,267)	(185,267)
Stockholders' Equity at Jun. 30, 2011	$ 202,312		$ 528	$ 2,016,638	$ (1,814,854)	$ 202,312
Shares Issued at Jun. 30, 2011		52,761,205

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Nature of Operations

3 Months Ended

Jun. 30, 2011

Nature of Operations

Nature of Operations [Text Block]

NOTE 1 – NATURE OF OPERATIONS

Energy Edge Technologies Corporation (“Energy Edge” and the “Company”) was incorporated in New Jersey in January, 2004 and was in the development stage until January 1, 2008 when the assets, liabilities, and operations of a sole proprietorship controlled by the Company’s sold stockholder were transferred in. The Company provides energy engineering and services specializing in the development and implementation of advanced, turnkey projects to reduce energy losses and increase the efficiency of new and existing buildings.  The Company is comprised of professional and industrial engineers, Leadership in Energy and Environmental Design (“LEED”) Accredited Professionals, and Green Building Coalition Certifying Agents.  Energy Edge is a Clean Energy Pay for Performance Partner and a Smart Start Building Trade Ally.  The Company’s custom designed projects are developed using proprietary methods and maximize energy savings by treating an entire facility based on its unique features and electricity and gas usage. 

The Company applies a whole facility approach to energy cost reduction by applying different technologies and engineering approaches to treat most of the various electrical and gas consuming loads across facility such as lighting, HVAC, refrigeration and production equipment.  The energy projects developed and implemented by the Company are ideal for virtually any type of facility and have successfully resulted in tremendous savings in manufacturing plants, hospitals, entertainment venues, office buildings, restaurants, warehouses, etc.   

Revenues come primarily from engineering survey work and turnkey energy projects where the company takes responsibility for equipment procurement, installation labor, utility rebates, tax incentives, pre and post survey work, waste removal, certifications, and ongoing measurement and verification of results. 

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BALANCE SHEETS (UNAUDITED) AS OF JUNE 30, 2011 AND DECEMBER 31, 2010 (USD $)	Jun. 30, 2011	Dec. 31, 2010
Current assets
Cash and cash equivalents	$ 14,555	$ 55,510
Contract receivables	767,597	5,940
Loan receivable - related party	9,261	18,826
Prepaid consulting fees	237,600	50,000
Costs and estimated earnings in excess of billings on uncompleted contracts		45,362
Total Current Assets	1,029,013	175,638
Property and equipment
Computers and equipment	10,640	10,640
Less: accumulated depreciation	(3,020)	(2,162)
Total property and equipment (net)	7,620	8,478
Total Assets	1,036,633	184,116
Current liabilities
Accounts payable	26,563	18,192
Accrued expenses and other current liabilities	327,461	155,783
Billings in excess of costs and estimated earnings on uncompleted contracts	480,297
Total Liabilities	834,321	173,975
Stockholders' equity (deficit)
Common stock, .00001 par value, 100,000,000 shares authorized, 52,761,205 shares issued and outstanding (1,500 - 2010)	528	490
Additional paid in capital	2,016,638	1,639,238
Accumulated deficit	(1,814,854)	(1,629,587)
Total Stockholders' Equity	202,312	10,141
Total Liabilities and Stockholders' Equity	$ 1,036,633	$ 184,116